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.NTR-solten sie 3Aces dieses jahr bohren get es KABBOOMM.......BKT....NET.....PEX.....CBR TAK...GPD....und gpg. Sind alle noch billig
Golden Predator drills 7.62 m of 4.16 g/t Au at Brewery
2010-08-27 12:57 ET - News Release
Mr. Corwin Coe reports
GOLDEN PREDATOR REPORTS INITIAL RESULTS FROM BREWERY CREEK
Golden Predator Corp. has released initial results from its continuing diamond and reverse circulation drilling programs on its Brewery Creek project as well as results from its Eureka project.
Brewery Creek
To date, the company has drilled six diamond drill holes totalling 1,430 metres and 17 RC drill holes totalling 2,350 m on its Brewery Creek property, located 55 kilometres due east of Dawson, Yukon. Results for the six diamond drill holes as well as six of the RC drill holes have now been received and analyzed. A detailed plan map and drill hole results table are available for viewing at Golden's website.
Significant results from RC holes BCRC10-2315 and BCRC10-2316 are highlighted by intercepts of 4.161 grams per tonne gold over 7.62 metres starting at 53.43 m in depth and 1.428 g/t over 4.57 m starting at 60.96 m in depth, respectively. Both of these holes targeted the downdip extension of higher-grade gold remaining south of the Lucky pit.
The continuing exploration program at Brewery Creek has been designed to explore the potential for higher-grade feeders lying beneath the historic resource and to increase the existing resources through near-surface drilling. Initial results indicate the presence of gold mineralization downdip of the known resource near structural intersections.
2010 INITIAL DRILL INTERCEPTS GREATER THAN ONE G/T AU Hole From To Interval Au (m) (m) (m) (g/t) Brewery Creek BC10_162 4 6 2 1.555 BCRC10-2314 38.1 44.2 6.1 1.115 BCRC10-2314 57.91 60.96 3.05 1.09 BCRC10-2315 53.34 60.96 7.62 4.161 BCRC10-2315 64 65.53 1.53 2.59 BCRC10-2316 50.29 53.34 3.05 1.506 BCRC10-2316 60.96 65.53 4.57 1.428 Eureka EU-10-02RC 10.67 12.19 1.52 1.035 EU-10-02RC 60.96 62.48 1.52 1.93 EU-10-04RC 70.1 71.63 1.53 2.44 EU-10-08RC 62.48 64.01 1.53 1.72 EU-10-10RC 60.96 62.48 1.52 1.15 EU-10-20RC 64.01 67.06 3.05 1.382 EU-10-23RC 120.4 121.92 1.52 1.19 EU-10-26RC 71.63 73.15 1.52 6.62 Note: Results under 2.5 g/t gold per m are not reported unless the grade was greater than one g/t gold.
Brewery Creek was the site of a heap leach gold mine which operated from 1996 to 2002 and produced 279,541 ounces of gold. Current resources remaining on the property include an indicated resource of 3.98 million tonnes grading 1.135 g/t Au and an inferred resource of 2.2 million tonnes averaging 2.01 g/t Au (Diment and Simpson, 2009). Brewery Creek is authorized under a Type A water licence with an expiry date of Dec. 31, 2021, subject to the restrictions and conditions contained in the Yukon Water Act and Regulations. The project also has a production licence with an expiry date of Dec. 31, 2021.
Eureka
Golden has also completed a 2,927-metre drill program on its Eureka project, located 90 km southeast of Dawson. It drilled 27 RC drill holes to test a broad gold-in-soil anomaly and to verify previous trench results. Assay results have been received and analyzed from all 27 holes. A detailed plan map and assay sheet showing significant intersections are available for viewing at the company's website.
The program demonstrated that a series of gold-bearing structures are present, cutting schists and phyllites. These structures typically occur in zones of anomalous gold mineralization exceeding 0.3 g/t Au with the actual structure containing higher values as illustrated in the drill results. Over all, the results indicate that the structures and surrounding host rock contain several zones of low-grade (under one g/t) gold mineralization. More work will be required to refine the understanding of the nature of the mineralization at Eureka, including geophysics, additional closely spaced soil surveys over yet untested portions of the expansive property and trenching.
The diamond drill holes were drilled by skid-mounted drills utilizing HQ, NQ and NTW core sizes (6.4 centimetres or 2.5 inches, 4.8 cm or 1.87 inches and 5.6 cm or 2.2 inches, respectively). Core is cut or split. One-half is sent to the lab for analysis and the other is retained on site.
The RC drill holes were drilled by track-mounted drills that produce a 5-inch-diameter (12.7-centimetre-diameter) drill hole. Samples were collected from 12.5 per cent of the material from a five-foot (1.5-metre) interval, utilizing a splitter incorporated on the cyclone.
Both the RC samples and core samples were sent to ALS Chemex's prep lab in Whitehorse and then forwarded to its ISO 9001-certified preparation facility in Terrace, B.C. The pulps were analyzed at ALS's ISO 9001-certified laboratory in Vancouver. Approximately 5 per cent of the pulps are sent for secondary check assays at the Stewart Groups Eco Tech laboratory in Kamloops, B.C. Blanks, commercial standards and duplicate samples were included in each batch. To determine Au levels at the part-per-billion level detection limit of five to 10,000 ppb (five to 1,000 ppb at Stewart), 30-gram samples were fire assayed, digested in aqua regia solution and then analyzed by atomic absorption. At Eco Tech, values over 1,000 ppb are reassayed by fire assay, digested with aqua regia and then reanalyzed by an atomic absorption instrument (detection limit of 0.03 g/t Au). At ALS Chemex, values over 10 g/t gold are reassayed by fire assay, followed by a gravimetric finish (lower detection limit of 50 ppb). Other elements are analyzed by a 35-element package (ME-ICP41), whereby the sample is dissolved in a aqua regia acid solution and then analyzed by inductively coupled plasma. Additional check analyses are carried out by the lab which did not receive the original sample.
Golden Predator employs high standards of protocol with respect to the handling and chain of custody of its samples. All sampling is conducted under the supervision of the company's project geologist. The chain of custody from the drill to the sample preparation and logging facility is continually monitored by the project geologist. Samples are shipped to the lab by qualified couriers or Golden's personnel under locked bags with independent identification lock numbers. Data verification of the analytical results includes a statistical analysis of the duplicates, standards and blanks that must pass certain set parameters for acceptance, to ensure accurate and verifiable results. All assays are reported as drilled intervals and are not to be interpreted as true widths.
The technical content of this news release has been reviewed and approved by Corwin (Cor) Coe, AScT, BSc, PGeo, Golden's vice-president of exploration (Canada) and a qualified person as defined by National Instrument 43-101.
We seek Safe Harbor.
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Stan Szary Berichte
SATURN MINERALS ERWIRBT 49.727 ha grosse OIL & GAS RECHTE in Saskatchewan
Saturn Minerals Inc. hat ein erfolgreiches Angebot für Erdöl-und Erdgas-Explorations-Genehmigung 3092, in der Nähe von Porcupine Plains, Sask., Während die Länder den Verkauf durch den Saskatchewan Ministerium für Energie und Ressourcen auf 11. April 2011 statt gelegen vorgelegt.Explorationsgenehmigung 3092 (Bannock-Creek-Projekt) gewährt seinem Besitzer ein ausschließliches Recht für Erdöl und Erdgas innerhalb erlauben Grenzen zu erforschen. Saturn besitzt 100 Prozent der Bannock-Creek-Projekt.
Darüber hinaus im Einklang mit den nicht-bindende Absichtserklärung, die zwischen Saturn und Yellow Quill First Nation, Kinistin Saulteaux First Nation, Angeln Lake First Nation und der Key First Nation (siehe Pressemitteilung in Stockwatch vom 7. Februar 2011), Saturn endgültige prozentuale Beteiligung der Bannock-Creek-Projekt wird vorbehaltlich der endgültigen Bedingungen des LOI als vereinbart, von Saturn und den First Nations.
Die Bannock-Creek-Projekt ist 49.727 Hektar (497,27 km ²) groß und befindet sich unmittelbar neben der Firma Mistatim Kohle-Eigenschaft, und ist über die Autobahn und umfangreiche Landstraßen.
Sommer Exploration und Förderung Pläne für die Bannock-Creek-Projekt bekannt gegeben, wenn fertig gestellt werden.
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Golden Predator CEO Bill Sheriff says the Yukon will be severely challenged to keep up with the demands of the mineral exploration sector during the oncoming gold rush.
Aiming for a competitive advantage, Golden Predator Corp. (TSX: T.GPD, Stock Forum) recently caused a ruckus in the Yukon by spending $140,000 to snap up all of the available claim tags.
“We wanted to stock up so that we don’t run short of things,’’ said Golden Predator chief executive officer Bill Sheriff, during an interview in Vancouver. The decision to purchase roughly 70,000 claim tags in January could wind up saving the company a lot of money in exploration costs, he said.
Sheriff explained that this is because the Yukon is in the midst of a major staking rush that is stretching the available resources to the limit, and recently prompted the government to change the rules to meet the needs of the roughly 140 companies involved.
The biggest mineral property staking rush since the Klondike days of the 1890s, the move to grab prospective ground is driven by new hard rock gold discoveries in the White Gold district 90 kilometers south of Dawson City and in the Selwyn Basin, 55 kilometres northeast of Keno City.
Faced with a temporary shortage of claim tags, the Yukon government was forced to change the rules to allow companies to stake prospective ground without the use of tags.
In doing so, it raised the cost of staking for companies that didn’t already have claim tags in their possession.
This is because staking in the Yukon is usually done with expensive helicopter support, at a cost of roughly $1,300 an hour.
As a result of the new rules, prospectors needed to make two trips – one to attach a number to staking posts and a second to attach the claim tag -- in order to secure exploration rights to available properties.
“By virtue of us having made that $140,000 investment, our cost of staking claims is by definition less than almost anyone else’s,’’ said Sheriff.
A 52-year-old geologist and former stockbroker from Dallas, Tex., Sheriff is at the head of an exploration group that has staked about 18,000 claims in the Yukon (roughly 10% of the available claims), making it one of the leaders in the rush to find new hard rock gold discoveries in the Yukon.
The other key players include Atac Resources Ltd. (TSX: V.ATC, Stock Forum), Kaminak Gold Corp. (TSX: V.KAM, Stock Forum), Kinross Gold Corp. (TSX: T.K, Stock Forum), and (NYSE: KGC, Stock Forum), and Ryan Gold Corp. (TSX: V.RYG, Stock Forum).
Having previously worked in Nevada where Golden Predator has royalty interests in a number of gold properties, Sheriff says he understands very well the need to be aggressive.
“If you aren’t in the lead in the pack, the view doesn’t ever change,’’ he said.
“Time and time again we were rewarded for being aggressive,’’ said Sheriff, who was Chairman of Energy Metals Corp. when it was sold to Uranium One Inc. (TSX: T.UUU, Stock Forum) for $1.6 billion in August 2007.
(At the time of the transaction, Energy Metals had uranium assets in the United States, including a processing plant in Texas).
“We are in a new area where there is a real premium attached to getting the best properties the quickest. I think we excel at that, and that is what we have done at Golden Predator.”
Sheriff said his company recently scored a major coup by recruiting Mike Burke, the former head of the Yukon Geological Survey’s Mineral Services division. “Basically, he is a walking encyclopedia of the Yukon’s geology and minerals business,” Sheriff said. He is now the junior’s chief geologist.
Golden Predator has budgeted about $16 million for exploration in the Yukon this year. That money will be split between the company’s Brewery Creek, Clear Creek, Grew Creek, and Harlan properties.
The company’s goal for 2011 is to establish NI 43-101 resource estimates for Brewery Creek, Clear Creek and Grew Creek.
On Tuesday (April 26th, 2011), Golden Predator shares surged to a 52-week high of $1.38 after the company tabled the final assay results from winter drilling on the Brewery Creek project which covers 165 square kilometres and is located east of Dawson City.
That was up from the previous day’s close of $1.05.
After closing at $1.24 on Wednesday, Golden Predator has a market cap of $86 million, based on 69 million shares outstanding. The stock trades in a 52-week range of $1.38 and 4 cents.
Brewery Creek is the site of a former heap leach gold mine, which operated from 1996 to 2002. Recent drilling on the property, which coughed up a 74-metre intersection, averaging 7.08 grams gold per tonne, was designed to expand the recently discovered Bohemian zone.
Backed by a team of 24 geologists, Sherriff believes Golden Predator’s arrival in the Yukon coincides with the start of a gold rush that could continue for many years to come.
It’s a view that is based on the hope that ongoing exploration will uncover the bedrock source of placer gold operations which have been a feature of the Yukon mining industry since the end of the 19th century.
“The likely developments over the next three decades in the Yukon are very similar to what we saw in the first 25 years in Nevada. “The reason I think it will last longer in the Yukon is because things will be a bit slower to develop because of the [lack of] infrastructure.’’
Mineral exploration firms, he said, will face some unique challenges, mainly because of the lack of a power grid, the small population and the absence of urban centres. “It will be a constant struggle to keep up with the demands of the mining industry,’’ he said.
Still, with $23 million in the bank and the ability to sell non-core assets if necessary, Sheriff says Golden Predator sees no need to raise more money in the near future. The junior also has a 20% interest in Silver Predator Corp. (TSX: T.SPD, Stock Forum), which too is engaged in exploration in the Yukon and Nevada.
On Wednesday, Silver Predator shares closed at $1.10, giving the junior a market cap of $31 million, based on 28.2 million shares outstanding. The stock trades in a 52-week range of $1.34 and 21.5 cents.
http://www.stockhouse.com/Community-News/2011/Apr/...ff-issues-Yukon-
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