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(GMV:TSXV)
GMV is just beginning work on two recently
acquired gold projects. The company
has just been reorganized and financed
in order to advance those projects.
After months of sitting in limbo as it
closed the deals, management is now starting
to tell the story. Fieldwork, that is now getting underway, could quickly generate
important news.
The two projects are located in Guyana.
That South American nation is quickly
emerging as an important gold producing
nation. The GMV properties are at early
stages, but have had enough work to demonstrate
that they have large-scale upside
potential.
Guyana hosts the same gold-bearing
greenstone belt that is so productive in
West Africa. In Venezuela, which
neighbors Guyana to the west, exploration
over several decades has turned up a number
of large gold deposits, some in excess
of 20 million ounces. Guyana is at an earlier
stage of exploration than its neighbour,
but the geology does not end at the line on
a map. With exploration in the country
ramping up, Guyana offers tremendous
discovery potential. Unlike Venezuela,
Guyana welcomes the mining industry
with a very supportive political situation.
Investors are only starting to wake up to
the tremendous exploration potential and
the favorable investment climate in Guyana.
GMV is headed by Ian Klassen who has
many years of political and business experience.
His extensive background includes
being a senior political advisor to
the Canadian government. Ian is working
toward building a strong team to advance
the Guyana projects
GMV can earn a 100% interest in the
Shoreham property in return for $3 million
of exploration expenditures and the issuance
of 3 million shares. The company is
presently evaluating the geological information
on those properties and is also
working toward further acquisitions that
could extend the property position.
In July, GMV optioned a large property
position from a Guyana miner. That individual
has been operating an alluvial mining
operation on the property for several years, producing 60,000 to 75,000 ounces
per year from the surface gravels. The
option involves 483,000 acres of mineral
rights. To exercise the option, GMV must
pay $1 million over two years and spend
$5 million on the property within three
years. In addition, the vendor is to receive
shares in GMV that would give him 30%
of the outstanding shares.
As in most wet tropical areas, it is difficult
to get a clear view of the bedrock geology.
The surface is typically weathered into
clays and gravels for depths ranging from
meters to tens of meters. It is often difficult
to determine if that weathered material
originated in situ or if it was transported.
In this case, it appears the saprolite was
formed in situ, and that implies that there
may be a hard-rock gold source located
nearby.
GMV geologists have several reasons to
believe that the gold in the gravels is derived
from a nearby hard-rock source. That
premise is based on work conducted by the
Guyana geological survey, from work
done by other companies in the area and
from recent work conducted on behalf of
GMV.
The company has already initiated exploration
work on the property. The immediate
objectives include compiling the geological
information from various sources,
surface sampling and geophysical surveys.
That work will form the basis for a drilling
program, expected to get under way in the
coming weeks.
The significant concentration of gold in
the saprolite and the presence of gold values
over an extensive area, combined with
the regional geological setting are conducive
to the project hosting a large gold
resource.
At this time, GMV’s projects are at an
early stage and highly speculative. The
flipside is that a gold discovery in that
setting would quickly translate into enormous
gains in share value.
The share price has just begun to move,
but the company remains largely unknown
in the investment community, as management
is just completing the corporate reorganization
and getting the fieldwork underway. The share price should continue
to advance in the near term as management
works toward greater investor recognition.
Positive news from the exploration
program could have a very substantial
impact.
Price oct 4 45c
Shares Outstanding: 36.5 million
Shares Fully Diluted: 36.5 million
Contact: Investor Relations
604-899-0106
www.gmvminerals.com
GMV is just beginning work on two recently
acquired gold projects. The company
has just been reorganized and financed
in order to advance those projects.
After months of sitting in limbo as it
closed the deals, management is now starting
to tell the story. Fieldwork, that is now getting underway, could quickly generate
important news.
The two projects are located in Guyana.
That South American nation is quickly
emerging as an important gold producing
nation. The GMV properties are at early
stages, but have had enough work to demonstrate
that they have large-scale upside
potential.
Guyana hosts the same gold-bearing
greenstone belt that is so productive in
West Africa. In Venezuela, which
neighbors Guyana to the west, exploration
over several decades has turned up a number
of large gold deposits, some in excess
of 20 million ounces. Guyana is at an earlier
stage of exploration than its neighbour,
but the geology does not end at the line on
a map. With exploration in the country
ramping up, Guyana offers tremendous
discovery potential. Unlike Venezuela,
Guyana welcomes the mining industry
with a very supportive political situation.
Investors are only starting to wake up to
the tremendous exploration potential and
the favorable investment climate in Guyana.
GMV is headed by Ian Klassen who has
many years of political and business experience.
His extensive background includes
being a senior political advisor to
the Canadian government. Ian is working
toward building a strong team to advance
the Guyana projects
GMV can earn a 100% interest in the
Shoreham property in return for $3 million
of exploration expenditures and the issuance
of 3 million shares. The company is
presently evaluating the geological information
on those properties and is also
working toward further acquisitions that
could extend the property position.
In July, GMV optioned a large property
position from a Guyana miner. That individual
has been operating an alluvial mining
operation on the property for several years, producing 60,000 to 75,000 ounces
per year from the surface gravels. The
option involves 483,000 acres of mineral
rights. To exercise the option, GMV must
pay $1 million over two years and spend
$5 million on the property within three
years. In addition, the vendor is to receive
shares in GMV that would give him 30%
of the outstanding shares.
As in most wet tropical areas, it is difficult
to get a clear view of the bedrock geology.
The surface is typically weathered into
clays and gravels for depths ranging from
meters to tens of meters. It is often difficult
to determine if that weathered material
originated in situ or if it was transported.
In this case, it appears the saprolite was
formed in situ, and that implies that there
may be a hard-rock gold source located
nearby.
GMV geologists have several reasons to
believe that the gold in the gravels is derived
from a nearby hard-rock source. That
premise is based on work conducted by the
Guyana geological survey, from work
done by other companies in the area and
from recent work conducted on behalf of
GMV.
The company has already initiated exploration
work on the property. The immediate
objectives include compiling the geological
information from various sources,
surface sampling and geophysical surveys.
That work will form the basis for a drilling
program, expected to get under way in the
coming weeks.
The significant concentration of gold in
the saprolite and the presence of gold values
over an extensive area, combined with
the regional geological setting are conducive
to the project hosting a large gold
resource.
At this time, GMV’s projects are at an
early stage and highly speculative. The
flipside is that a gold discovery in that
setting would quickly translate into enormous
gains in share value.
The share price has just begun to move,
but the company remains largely unknown
in the investment community, as management
is just completing the corporate reorganization
and getting the fieldwork underway. The share price should continue
to advance in the near term as management
works toward greater investor recognition.
Positive news from the exploration
program could have a very substantial
impact.
Price oct 4 45c
Shares Outstanding: 36.5 million
Shares Fully Diluted: 36.5 million
Contact: Investor Relations
604-899-0106
www.gmvminerals.com
www.vimeo.com/15449151
Northern Tiger Resources Presentation @ the Subscriber Investment Summit
Northern Tiger Resources Presentation @ the Subscriber Investment Summit
Eagle Plains samples 5.2 m of 51 g/t Au at Yellowjacket
2010-10-06 09:50 ET - News Release
Mr. Tim Termuende reports
EAGLE PLAINS SAMPLES NEW HIGH-GRADE GOLD DISCOVERY AT YELLOWJACKET GOLD PROJECT, ATLIN, B.C.
Eagle Plains Resources Ltd.'s bedrock sampling on the Yellowjacket gold project located near Atlin, B.C., has returned significant high-grade gold mineralization recently exposed by placer mining activity in an area 700 metres west of current exploration work. Partial results from sampling have been returned, with additional results pending.
Highlights:
Recent placer mining activity by third party lessees has exposed mineralized bedrock material owned 100 per cent by EPL, which assayed 51.36 grams per tonne over 5.2 metres, located approximately 700 metres west of the Yellowjacket zone, where drilling activity is currently under way.
The mineralized zone is open to the north and at depth, with further analytical results pending.
A historic shaft has also been recently exposed and appears to be related to the mineralized zone. This feature is interpreted to be the Rock of Ages shaft, as reported in historical documents.
Drilling continues on the Yellowjacket zone, with 30 holes completed to date; results are pending.
Placer mining activity is still under way on placer claims originally leased from Prize Mining and now leased from owner Eagle Plains (as announced in Stockwatch on Sept. 28, 2010). Recent excavation on the claims has exposed a historic timbered shaft sunk into altered bedrock material. Historical reports suggest that this shaft was located within the Rock of Ages zone. The 1903 report from the Minister of Mines describes the Rock of Ages workings in the following way: "A shaft has been sunk 60 feet. From the bottom of this, a crosscut was run seven feet and struck the hangingwall of the ledge. A drift was run downstream 60 feet at this level, and one upstream on the 30-foot level. The ledge wherever tapped is about 14 feet in width, mostly low-grade ore, although many extremely rich patches are encountered." Eagle Plains geologists have mapped and sampled the local area and have now received partial results, including an interval which returned 51.36 grams per tonne over 5.2 metres. Additional mapping to the north and west of the mineralized zone suggests similar geological characteristics, with sample results pending.
Drilling continues at the Yellowjacket zone located 700 metres to the east. A total of 45 to 50 reverse circulation holes are planned for the area, with 30 holes completed to date. A total of 1,900 metres (6,200 feet) of drilling are planned for this program. Analytical results are pending.
The Yellowjacket project is located nine kilometres east of Atlin, B.C., and is accessed by all-season road. Hydroelectric power is located within five kilometres of property boundaries. The project received a British Columbia Mines Act permit in July, 2009, for an open pit gold mine and on-site 400-ton-per-day mill and concentrator, processing up to 75,000 tons per year. The permit contemplates a seven- to nine-year mine life from a series of open pits entirely within an area of disturbed placer workings. Since the recent completion of the buyout from Prize, Eagle Plains owns a 100-per-cent interest in both mineral (hard rock) and placer rights within the project area. In October, 2009, Eagle Plains and Prize announced the formal ratification of an impact and benefits agreement with the Taku River Tlingit First Nation.
Technical aspects of this news release have been reviewed and approved by T.J. Termuende, PGeo, hereby designated as a qualified person under National Instrument 43-101.
We seek Safe Harbor.
2010-10-06 09:50 ET - News Release
Mr. Tim Termuende reports
EAGLE PLAINS SAMPLES NEW HIGH-GRADE GOLD DISCOVERY AT YELLOWJACKET GOLD PROJECT, ATLIN, B.C.
Eagle Plains Resources Ltd.'s bedrock sampling on the Yellowjacket gold project located near Atlin, B.C., has returned significant high-grade gold mineralization recently exposed by placer mining activity in an area 700 metres west of current exploration work. Partial results from sampling have been returned, with additional results pending.
Highlights:
Recent placer mining activity by third party lessees has exposed mineralized bedrock material owned 100 per cent by EPL, which assayed 51.36 grams per tonne over 5.2 metres, located approximately 700 metres west of the Yellowjacket zone, where drilling activity is currently under way.
The mineralized zone is open to the north and at depth, with further analytical results pending.
A historic shaft has also been recently exposed and appears to be related to the mineralized zone. This feature is interpreted to be the Rock of Ages shaft, as reported in historical documents.
Drilling continues on the Yellowjacket zone, with 30 holes completed to date; results are pending.
Placer mining activity is still under way on placer claims originally leased from Prize Mining and now leased from owner Eagle Plains (as announced in Stockwatch on Sept. 28, 2010). Recent excavation on the claims has exposed a historic timbered shaft sunk into altered bedrock material. Historical reports suggest that this shaft was located within the Rock of Ages zone. The 1903 report from the Minister of Mines describes the Rock of Ages workings in the following way: "A shaft has been sunk 60 feet. From the bottom of this, a crosscut was run seven feet and struck the hangingwall of the ledge. A drift was run downstream 60 feet at this level, and one upstream on the 30-foot level. The ledge wherever tapped is about 14 feet in width, mostly low-grade ore, although many extremely rich patches are encountered." Eagle Plains geologists have mapped and sampled the local area and have now received partial results, including an interval which returned 51.36 grams per tonne over 5.2 metres. Additional mapping to the north and west of the mineralized zone suggests similar geological characteristics, with sample results pending.
Drilling continues at the Yellowjacket zone located 700 metres to the east. A total of 45 to 50 reverse circulation holes are planned for the area, with 30 holes completed to date. A total of 1,900 metres (6,200 feet) of drilling are planned for this program. Analytical results are pending.
The Yellowjacket project is located nine kilometres east of Atlin, B.C., and is accessed by all-season road. Hydroelectric power is located within five kilometres of property boundaries. The project received a British Columbia Mines Act permit in July, 2009, for an open pit gold mine and on-site 400-ton-per-day mill and concentrator, processing up to 75,000 tons per year. The permit contemplates a seven- to nine-year mine life from a series of open pits entirely within an area of disturbed placer workings. Since the recent completion of the buyout from Prize, Eagle Plains owns a 100-per-cent interest in both mineral (hard rock) and placer rights within the project area. In October, 2009, Eagle Plains and Prize announced the formal ratification of an impact and benefits agreement with the Taku River Tlingit First Nation.
Technical aspects of this news release have been reviewed and approved by T.J. Termuende, PGeo, hereby designated as a qualified person under National Instrument 43-101.
We seek Safe Harbor.
Golden Predator drills 1.49 g/t Au over 12.9 m
2010-10-12 11:19 ET - News Release
An anonymous director reports
GOLDEN PREDATOR INTERCEPTS 12.19 M OF 1.49 G/T GOLD FROM NEWLY DISCOVERED SWEDE ZONE AT THE GOLD DOME PROJECT, YUKON
Golden Predator Corp. has released initial results from its drilling program at its Gold Dome project. Of particular significance are the results from the newly discovered Swede Zone, located 0.75 kilometre northeast of the Tom zone where the company encountered 25.40 metres of 11.12 grams per tonne Au in hole GD09-007 during its 2009 drill program(1). Five of the six holes drilled in the Swede zone encountered mineralization, highlighted by GDRC-16 which intercepted 1.49 g/t Au over 12.19 m from 56.39 m including 3.51 g/t Au over 4.57 m from 64.01 m. In addition, hole GDRC-15 intercepted 1.00 g/t Au over 12.19 m from 83.82 m and GDRC-17 intercepted 0.77 g/t Au over 19.81 m from 121.92 m. Drilling has also continued to encounter mineralization at the previously recognized Tom, Aorta and Hawthorne Ridge zones.
Gold Dome
The Gold Dome property hosts one of the largest gold-arsenic-bismuth soil anomalies in the Yukon, encompassing approximately 30 square kilometres. The company has concentrated its 2010 efforts on six areas: the Tom, Hawthorne Ridge, Harvey Ridge, Aorta and Toby zones, as well as the newly identified Swede zone. The Gold Dome project comprises approximately 815 contiguous claims covering approximately 170 square kilometres, located 25 km northwest of Mayo, Yukon.
Mineralization at Gold Dome occurs within Proterozoic Hyland Group metasedimentary rocks intruded by Cretaceous age, intermediate composition, Tombstone suite plutons. Favourable geology within the extensive landholding, demonstrated by soil geochemical and geophysical data, as well as proximity to large placer gold accumulations in Highet and Sabbath Creeks without known sources, substantiates the potential for extending the known gold mineralization within the property.
During the 2010 drilling season the company completed a total of 14 core holes for 3,854 metres and 28 RC holes for 4,606 m on six targets at Gold Dome. Initial results presented include 17 RC holes drilled on the Toby, Tom, Swede, Hawthorne Ridge and Aorta zones. Additional results for the remaining 11 RC holes as well as all of the 14 core holes are pending. The 2010 program was designed to more fully evaluate the projects numerous targets through wide-spaced exploration drilling. Select assay highlights are shown on the table.
INITIAL 2010 DRILL HOLE HIGHLIGHTS FROM THE GOLD DOME PROJECT
SELECT SIGNIFICANT INTERCEPTS (1)(2)
Drill hole From To Interval Au
(m) (m) (m) (g/t)
Tom zone
GDRC10-001 21.34 27.44 6.10 1.64
GDRC10-002 6.10 18.29 12.19 0.98
including 10.67 18.29 7.62 1.37
GDRC10-002 28.96 38.10 9.14 1.05
including 33.53 36.58 3.05 2.24
Swede zone
GDRC10-015 83.82 96.01 12.19 1.00
including 86.87 91.44 4.57 2.30
GDRC10-016 56.39 68.58 12.19 1.49
including 64.01 68.58 4.57 3.51
Hawthorne Ridge
GDRC10-017 121.92 141.73 19.81 0.77
including 121.92 123.44 1.52 5.13
GDRC10-019 39.62 44.20 4.58 3.76
(1) Results where g/t times metre is less than 2.5 are not reported
in this table, unless the individual grade was greater than or
equal to one g/t Au over a minimum of 1.0 m. Other intervals
require greater than or equal to 0.7 g/t Au to be included.
(2) Conversions: grams per tonne (g/t) to troy ounces per short ton --
g/t divided by 34.2857 or multiply by 0.0292; metres to feet --
one metre equals 3.28084 feet.
A detailed plan map, drill hole map and drill hole results table are available for viewing at the company's website.
Results from Golden Predator's other active drilling projects, including results from the 25 additional holes drilled during 2010 at the Gold Dome project, will continue as assays are received. Current year drilling is complete at Antimony, Clear Creek, Cynthia, Grew Creek and Gold Dome, with programs still under way at Brewery Creek.
2010-10-12 11:19 ET - News Release
An anonymous director reports
GOLDEN PREDATOR INTERCEPTS 12.19 M OF 1.49 G/T GOLD FROM NEWLY DISCOVERED SWEDE ZONE AT THE GOLD DOME PROJECT, YUKON
Golden Predator Corp. has released initial results from its drilling program at its Gold Dome project. Of particular significance are the results from the newly discovered Swede Zone, located 0.75 kilometre northeast of the Tom zone where the company encountered 25.40 metres of 11.12 grams per tonne Au in hole GD09-007 during its 2009 drill program(1). Five of the six holes drilled in the Swede zone encountered mineralization, highlighted by GDRC-16 which intercepted 1.49 g/t Au over 12.19 m from 56.39 m including 3.51 g/t Au over 4.57 m from 64.01 m. In addition, hole GDRC-15 intercepted 1.00 g/t Au over 12.19 m from 83.82 m and GDRC-17 intercepted 0.77 g/t Au over 19.81 m from 121.92 m. Drilling has also continued to encounter mineralization at the previously recognized Tom, Aorta and Hawthorne Ridge zones.
Gold Dome
The Gold Dome property hosts one of the largest gold-arsenic-bismuth soil anomalies in the Yukon, encompassing approximately 30 square kilometres. The company has concentrated its 2010 efforts on six areas: the Tom, Hawthorne Ridge, Harvey Ridge, Aorta and Toby zones, as well as the newly identified Swede zone. The Gold Dome project comprises approximately 815 contiguous claims covering approximately 170 square kilometres, located 25 km northwest of Mayo, Yukon.
Mineralization at Gold Dome occurs within Proterozoic Hyland Group metasedimentary rocks intruded by Cretaceous age, intermediate composition, Tombstone suite plutons. Favourable geology within the extensive landholding, demonstrated by soil geochemical and geophysical data, as well as proximity to large placer gold accumulations in Highet and Sabbath Creeks without known sources, substantiates the potential for extending the known gold mineralization within the property.
During the 2010 drilling season the company completed a total of 14 core holes for 3,854 metres and 28 RC holes for 4,606 m on six targets at Gold Dome. Initial results presented include 17 RC holes drilled on the Toby, Tom, Swede, Hawthorne Ridge and Aorta zones. Additional results for the remaining 11 RC holes as well as all of the 14 core holes are pending. The 2010 program was designed to more fully evaluate the projects numerous targets through wide-spaced exploration drilling. Select assay highlights are shown on the table.
INITIAL 2010 DRILL HOLE HIGHLIGHTS FROM THE GOLD DOME PROJECT
SELECT SIGNIFICANT INTERCEPTS (1)(2)
Drill hole From To Interval Au
(m) (m) (m) (g/t)
Tom zone
GDRC10-001 21.34 27.44 6.10 1.64
GDRC10-002 6.10 18.29 12.19 0.98
including 10.67 18.29 7.62 1.37
GDRC10-002 28.96 38.10 9.14 1.05
including 33.53 36.58 3.05 2.24
Swede zone
GDRC10-015 83.82 96.01 12.19 1.00
including 86.87 91.44 4.57 2.30
GDRC10-016 56.39 68.58 12.19 1.49
including 64.01 68.58 4.57 3.51
Hawthorne Ridge
GDRC10-017 121.92 141.73 19.81 0.77
including 121.92 123.44 1.52 5.13
GDRC10-019 39.62 44.20 4.58 3.76
(1) Results where g/t times metre is less than 2.5 are not reported
in this table, unless the individual grade was greater than or
equal to one g/t Au over a minimum of 1.0 m. Other intervals
require greater than or equal to 0.7 g/t Au to be included.
(2) Conversions: grams per tonne (g/t) to troy ounces per short ton --
g/t divided by 34.2857 or multiply by 0.0292; metres to feet --
one metre equals 3.28084 feet.
A detailed plan map, drill hole map and drill hole results table are available for viewing at the company's website.
Results from Golden Predator's other active drilling projects, including results from the 25 additional holes drilled during 2010 at the Gold Dome project, will continue as assays are received. Current year drilling is complete at Antimony, Clear Creek, Cynthia, Grew Creek and Gold Dome, with programs still under way at Brewery Creek.
Kaminak Gold drills 56.75 m of 2.21 g/t Au at Coffee
2010-10-12 16:25 ET - News Release
Dr. Rob Carpenter reports
KAMINAK DRILLS FOURTH GOLD DISCOVERY ON THE COFFEE PROPERTY: KONA DRILLING YIELDS SEPARATE ZONES OF 2.2 G/T AU OVER 57M AND 1.9 G/T AU OVER 23M
Kaminak Gold Corp. has released results from the fourth significant drill discovery on the company's 100-per-cent-owned Coffee property, located in the White Gold district, Yukon. The Kona zone occurs three kilometres west of the Latte zone and is defined by a strong, linear gold-in-soil anomaly traceable for at least two kilometres through granite. Three holes were drilled into the Kona target and each intersected gold mineralization. All zones begin at surface and remain open along trend and at depth.
Key point summary:
New gold zone discovered on the Coffee property known as Kona, where drilling intersected two separate gold zones grading 2.2 grams per tonne gold over 57 metres and 1.9 g/t Au over 23 metres, respectively;
Gold grades as high as 28 g/t Au over two metres;
Total strike length of untested Kona gold-in-soil trend exceeds two kilometres;
Mineralization at Kona is associated with a regional-scale east-northeast-trending structural corridor which also trends through the nearby Espresso anomaly;
Alteration and sulphide/oxide characteristics at Kona are similar to those at other known gold occurrences at Coffee, suggesting a common mineralizing event;
Assays are pending for drilling on the nearby Americano and Espresso targets, as well as additional holes from the Supremo-Latte area;
On Wednesday, Oct. 13 at 12:45 p.m. Pacific Time, Dr. Rob Carpenter, Kaminak's president and chief executive officer, will be presenting the Coffee gold project discoveries to the Vancouver Mineral Exploration Group. For those who cannot attend this industry event, the presentation will be aired live through a webcast. To view the event, please visit the Kaminak website on the designated date and time and click on the link on the home page.
"We have now successfully intersected four major gold zones on the Coffee property over a total distance exceeding five kilometres. These results clearly establish potential for Coffee to become a significant gold camp," stated Dr. Carpenter. "Kaminak has started to plan a much larger exploration program for 2011 and details will be announced once all results from 2010 are processed."
Kaminak Gold Corp
Symbol C : KAM
Shares Issued 57,671,856
Close 2010-10-12 C$ 3.35
Recent Sedar Documents
View Original Document
Kaminak Gold drills 56.75 m of 2.21 g/t Au at Coffee
2010-10-12 16:25 ET - News Release
Dr. Rob Carpenter reports
KAMINAK DRILLS FOURTH GOLD DISCOVERY ON THE COFFEE PROPERTY: KONA DRILLING YIELDS SEPARATE ZONES OF 2.2 G/T AU OVER 57M AND 1.9 G/T AU OVER 23M
Kaminak Gold Corp. has released results from the fourth significant drill discovery on the company's 100-per-cent-owned Coffee property, located in the White Gold district, Yukon. The Kona zone occurs three kilometres west of the Latte zone and is defined by a strong, linear gold-in-soil anomaly traceable for at least two kilometres through granite. Three holes were drilled into the Kona target and each intersected gold mineralization. All zones begin at surface and remain open along trend and at depth.
Key point summary:
New gold zone discovered on the Coffee property known as Kona, where drilling intersected two separate gold zones grading 2.2 grams per tonne gold over 57 metres and 1.9 g/t Au over 23 metres, respectively;
Gold grades as high as 28 g/t Au over two metres;
Total strike length of untested Kona gold-in-soil trend exceeds two kilometres;
Mineralization at Kona is associated with a regional-scale east-northeast-trending structural corridor which also trends through the nearby Espresso anomaly;
Alteration and sulphide/oxide characteristics at Kona are similar to those at other known gold occurrences at Coffee, suggesting a common mineralizing event;
Assays are pending for drilling on the nearby Americano and Espresso targets, as well as additional holes from the Supremo-Latte area;
On Wednesday, Oct. 13 at 12:45 p.m. Pacific Time, Dr. Rob Carpenter, Kaminak's president and chief executive officer, will be presenting the Coffee gold project discoveries to the Vancouver Mineral Exploration Group. For those who cannot attend this industry event, the presentation will be aired live through a webcast. To view the event, please visit the Kaminak website on the designated date and time and click on the link on the home page.
"We have now successfully intersected four major gold zones on the Coffee property over a total distance exceeding five kilometres. These results clearly establish potential for Coffee to become a significant gold camp," stated Dr. Carpenter. "Kaminak has started to plan a much larger exploration program for 2011 and details will be announced once all results from 2010 are processed."
Kona zone
Drill testing the extensive gold-in-soil anomalies at Kona has yielded a new gold mineralizing environment in the Coffee exploration camp (that is, granite hosted). Gold mineralization is hosted in near-vertical brittle structural zones that are co-incident with overlying gold-in-soil anomalies. Drill holes CFD-51 and CFD-53 were drilled from the same set-up at minus 50 and minus 70 degree angles, respectively, and both holes intersected two separate gold zones which are interpreted as steeply dipping zones within the host structure.
The granite that underlies the Kona area is equigranular, non-magnetic and composed of plagioclase, K-feldspar, quartz, biotite and hornblende. Alteration typically consists of clay, sericite and limonite. The limonite yields downhole to coarsely banded sporadic limonite-pyrite transition material to deeper pyrite-dominant rocks at approximately 110 metres. Thus the depth of oxidation is approximately 110 metres (downhole). Sulphides are dominated by pyrite, which commonly replaces mafic minerals, and also occurs as veins/veinlets or fracture fill and in sulphidic-matrix fault breccias
A total of six holes were also completed on regional targets located north and east of Kona. This drilling targeted a regional-scale, northwest-trending shear zone interpreted as a possible extension of the Latte shear zone located three kilometres to the southeast. Drilling successfully intersected highly deformed and altered shear zone rocks that separate granite to the south from schist/gneiss to the north. Gold values (one to three g/t Au) were obtained in four of the six holes, thereby confirming the gold potential of the Latte structure well beyond the previously known limits.
Detailed plan maps, cross-sections and assay sheets of Kona and the regional holes, as well as a photo montage of select core samples, are available on the Kaminak website.
Kaminak's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Dr. Carpenter, PhD, PGeo, who serves as a qualified person under the definition of National Instrument 43-101.
2010-10-12 16:25 ET - News Release
Dr. Rob Carpenter reports
KAMINAK DRILLS FOURTH GOLD DISCOVERY ON THE COFFEE PROPERTY: KONA DRILLING YIELDS SEPARATE ZONES OF 2.2 G/T AU OVER 57M AND 1.9 G/T AU OVER 23M
Kaminak Gold Corp. has released results from the fourth significant drill discovery on the company's 100-per-cent-owned Coffee property, located in the White Gold district, Yukon. The Kona zone occurs three kilometres west of the Latte zone and is defined by a strong, linear gold-in-soil anomaly traceable for at least two kilometres through granite. Three holes were drilled into the Kona target and each intersected gold mineralization. All zones begin at surface and remain open along trend and at depth.
Key point summary:
New gold zone discovered on the Coffee property known as Kona, where drilling intersected two separate gold zones grading 2.2 grams per tonne gold over 57 metres and 1.9 g/t Au over 23 metres, respectively;
Gold grades as high as 28 g/t Au over two metres;
Total strike length of untested Kona gold-in-soil trend exceeds two kilometres;
Mineralization at Kona is associated with a regional-scale east-northeast-trending structural corridor which also trends through the nearby Espresso anomaly;
Alteration and sulphide/oxide characteristics at Kona are similar to those at other known gold occurrences at Coffee, suggesting a common mineralizing event;
Assays are pending for drilling on the nearby Americano and Espresso targets, as well as additional holes from the Supremo-Latte area;
On Wednesday, Oct. 13 at 12:45 p.m. Pacific Time, Dr. Rob Carpenter, Kaminak's president and chief executive officer, will be presenting the Coffee gold project discoveries to the Vancouver Mineral Exploration Group. For those who cannot attend this industry event, the presentation will be aired live through a webcast. To view the event, please visit the Kaminak website on the designated date and time and click on the link on the home page.
"We have now successfully intersected four major gold zones on the Coffee property over a total distance exceeding five kilometres. These results clearly establish potential for Coffee to become a significant gold camp," stated Dr. Carpenter. "Kaminak has started to plan a much larger exploration program for 2011 and details will be announced once all results from 2010 are processed."
Kaminak Gold Corp
Symbol C : KAM
Shares Issued 57,671,856
Close 2010-10-12 C$ 3.35
Recent Sedar Documents
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Kaminak Gold drills 56.75 m of 2.21 g/t Au at Coffee
2010-10-12 16:25 ET - News Release
Dr. Rob Carpenter reports
KAMINAK DRILLS FOURTH GOLD DISCOVERY ON THE COFFEE PROPERTY: KONA DRILLING YIELDS SEPARATE ZONES OF 2.2 G/T AU OVER 57M AND 1.9 G/T AU OVER 23M
Kaminak Gold Corp. has released results from the fourth significant drill discovery on the company's 100-per-cent-owned Coffee property, located in the White Gold district, Yukon. The Kona zone occurs three kilometres west of the Latte zone and is defined by a strong, linear gold-in-soil anomaly traceable for at least two kilometres through granite. Three holes were drilled into the Kona target and each intersected gold mineralization. All zones begin at surface and remain open along trend and at depth.
Key point summary:
New gold zone discovered on the Coffee property known as Kona, where drilling intersected two separate gold zones grading 2.2 grams per tonne gold over 57 metres and 1.9 g/t Au over 23 metres, respectively;
Gold grades as high as 28 g/t Au over two metres;
Total strike length of untested Kona gold-in-soil trend exceeds two kilometres;
Mineralization at Kona is associated with a regional-scale east-northeast-trending structural corridor which also trends through the nearby Espresso anomaly;
Alteration and sulphide/oxide characteristics at Kona are similar to those at other known gold occurrences at Coffee, suggesting a common mineralizing event;
Assays are pending for drilling on the nearby Americano and Espresso targets, as well as additional holes from the Supremo-Latte area;
On Wednesday, Oct. 13 at 12:45 p.m. Pacific Time, Dr. Rob Carpenter, Kaminak's president and chief executive officer, will be presenting the Coffee gold project discoveries to the Vancouver Mineral Exploration Group. For those who cannot attend this industry event, the presentation will be aired live through a webcast. To view the event, please visit the Kaminak website on the designated date and time and click on the link on the home page.
"We have now successfully intersected four major gold zones on the Coffee property over a total distance exceeding five kilometres. These results clearly establish potential for Coffee to become a significant gold camp," stated Dr. Carpenter. "Kaminak has started to plan a much larger exploration program for 2011 and details will be announced once all results from 2010 are processed."
Kona zone
Drill testing the extensive gold-in-soil anomalies at Kona has yielded a new gold mineralizing environment in the Coffee exploration camp (that is, granite hosted). Gold mineralization is hosted in near-vertical brittle structural zones that are co-incident with overlying gold-in-soil anomalies. Drill holes CFD-51 and CFD-53 were drilled from the same set-up at minus 50 and minus 70 degree angles, respectively, and both holes intersected two separate gold zones which are interpreted as steeply dipping zones within the host structure.
The granite that underlies the Kona area is equigranular, non-magnetic and composed of plagioclase, K-feldspar, quartz, biotite and hornblende. Alteration typically consists of clay, sericite and limonite. The limonite yields downhole to coarsely banded sporadic limonite-pyrite transition material to deeper pyrite-dominant rocks at approximately 110 metres. Thus the depth of oxidation is approximately 110 metres (downhole). Sulphides are dominated by pyrite, which commonly replaces mafic minerals, and also occurs as veins/veinlets or fracture fill and in sulphidic-matrix fault breccias
A total of six holes were also completed on regional targets located north and east of Kona. This drilling targeted a regional-scale, northwest-trending shear zone interpreted as a possible extension of the Latte shear zone located three kilometres to the southeast. Drilling successfully intersected highly deformed and altered shear zone rocks that separate granite to the south from schist/gneiss to the north. Gold values (one to three g/t Au) were obtained in four of the six holes, thereby confirming the gold potential of the Latte structure well beyond the previously known limits.
Detailed plan maps, cross-sections and assay sheets of Kona and the regional holes, as well as a photo montage of select core samples, are available on the Kaminak website.
Kaminak's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Dr. Carpenter, PhD, PGeo, who serves as a qualified person under the definition of National Instrument 43-101.
news naehste woche...,,,erste bohr resultate kommen ende Oktober anfang November
Ich habe heute gekauft
Ich habe heute gekauft
2010-10-14 10:46 ET - News Release
Mr. William Sheriff reports
GOLDEN PREDATOR INTERCEPTS 137.50 G/T GOLD OVER 1.52 M FROM CONTACT ZONE, CLEAR CREEK PROPERTY, YUKON
Golden Predator Corp. has provided final 2010 results from its Clear Creek project, including three additional diamond drill holes and 20 additional reverse circulation holes from the Contact, Saddle, Josephine and Bear Paw zones. Of particular significance are Contact Zone RC Hole CC10-22 with an intercept of 137.50 g/t Au over 1.52 m from a depth of 3.05 m and RC Hole CC10-20 with 0.719 g/t Au over 30.48 m from a depth of 38.1 m. RC Hole CC10-20 is collared and ended in mineralization with an average grade of 0.44 g/t over its entire 136 m length. Significant silver values have also been returned from the deeper drilling at the Bear Paw Zone, where diamond drill hole CC10-02 returned 635.60 g/t Ag between 224.37 m and 226.10 m. Highlights of the drill results are included in the table below. Previously released results from the Company's 2010 work program at Clear Creek included 2.59 g/t Au over 25.91 m starting at 10.67 m depth from RC Hole CC10-27 in the Bear Paw Zone and 22.86 m of 1.24 g/t Au from a depth of 10.67 m from RC Hole CC10-25 in the Saddle Zone. "We are extremely pleased and very excited by the discovery of a high-grade bonanza vein in the middle of the Contact Zone, complementing our previous released extensive lower grade intercepts," said William M. Sheriff, Chairman and CEO. "Our 2010 drill program has established significant mineralization in all of the identified zones on this large project, and positions Clear Creek as a leading project for Golden Predator in 2011." Clear Creek The Company has now released complete results from its 2010 drill program on its Clear Creek project, located 65 km northwest of Mayo, Yukon. The project comprises approximately 60 km(2) and contains five identified target areas: the Bear Paw, Contact, Saddle, Josephine, and Rhosbegobel Zones. The Saddle Zone is approximately 2.6 km north of the Contact Zone which is in turn 5.0 km northeast from the Bear Paw Zone. The Josephine Zone lies between the Saddle and Contact Zones, and the Rhosbegobel Zone between the Contact and Bear Paw Zones. The full 2010 program consisted of 4 HQ diameter oriented core diamond drill holes totaling 1,054 m and 38 RC drill holes totaling 2,589 m. The Company has begun reviewing the extensive data generated this year, and will be integrating it into a comprehensive model to form a framework for the Company's intensified 2011 work program at Clear Creek. RC Hole CC10-22 encountered a 10 cm thick mineralized quartz vein sub-parallel to the dip of the drill hole at a depth of 3.05 m. Subsequent to receipt of initial results a trench was excavated 2 m from the collar in order to expose the vein. A 10 cm wide channel sample collected from the trench across the width of the exposed vein assayed 265 g/t Au and 111 g/t Ag. This vein strikes in an east-west direction with a steep dip and is a single vein within the more important sheeted vein zone spatially associated with a mineralized and clay-altered silicic quartz porphyry dike in the heart of the Contact Zone. RC drill chips over this interval show abundant vein material, consistent with rocks exposed in the trench. Anomalous gold values in soil and rock on the Clear Creek property are spatially associated with mid-Cretaceous aged Tombstone plutonic suite granitic stocks and the Bear Paw Breccia Zone. Previously identified mineralization apparently hosted by sheeted veins in and around the stocks and with hydrothermal breccias, appear temporally related to the intrusive rocks. The Company's 2010 work program at Clear Creek focused on further exploring the Bear Paw, Contact, Saddle and Josephine Zones. No work was planned or completed this year on the Rhosbegobel Zone, where Kennecott had previously identified a shallow near-surface gold mineralized area of approximately 40 million tonnes grading 300 ppb Au, with a higher grade core of 1.5-2.0 million tonnes grading between 0.75 and 1.25 g/t Au from an east-west trending zone 1,200 m long, 200 m wide and 65 m deep as outlined from 27 RC holes averaging only 73 m in depth (Coombes, 1995). The Clear Creek property is in an active placer mining area that has produced more than 129,000 oz Au (Allen et all, 1999). Drainages hosting these placers emanate from the known mineralized zones listed above. These latest results reflect difficult RC drilling conditions as none of these holes were able to reach their targeted depths. Sheeted vein zones visible at the surface were targeted throughout the Josephine Zone; unfortunately all holes were terminated above their projected target depths. An 18 cm channel sample of one of the veins near RC Hole CC10-41 returned a value of 5.44 g/t Au. Depths ranged from 22.86m in hole CC10-42 to a maximum of 132.62m in hole CC10-20 with an average depth of only 69.19m. The targeted zone was not intercepted in many of these holes due to the restricted depth. The Company will be mobilizing much larger drill rigs during the 2011 season in order to more fully evaluate the project. Holes CC10-02, 03 and 04 are diamond drill holes and the remaining holes are RC drill holes.
Mr. William Sheriff reports
GOLDEN PREDATOR INTERCEPTS 137.50 G/T GOLD OVER 1.52 M FROM CONTACT ZONE, CLEAR CREEK PROPERTY, YUKON
Golden Predator Corp. has provided final 2010 results from its Clear Creek project, including three additional diamond drill holes and 20 additional reverse circulation holes from the Contact, Saddle, Josephine and Bear Paw zones. Of particular significance are Contact Zone RC Hole CC10-22 with an intercept of 137.50 g/t Au over 1.52 m from a depth of 3.05 m and RC Hole CC10-20 with 0.719 g/t Au over 30.48 m from a depth of 38.1 m. RC Hole CC10-20 is collared and ended in mineralization with an average grade of 0.44 g/t over its entire 136 m length. Significant silver values have also been returned from the deeper drilling at the Bear Paw Zone, where diamond drill hole CC10-02 returned 635.60 g/t Ag between 224.37 m and 226.10 m. Highlights of the drill results are included in the table below. Previously released results from the Company's 2010 work program at Clear Creek included 2.59 g/t Au over 25.91 m starting at 10.67 m depth from RC Hole CC10-27 in the Bear Paw Zone and 22.86 m of 1.24 g/t Au from a depth of 10.67 m from RC Hole CC10-25 in the Saddle Zone. "We are extremely pleased and very excited by the discovery of a high-grade bonanza vein in the middle of the Contact Zone, complementing our previous released extensive lower grade intercepts," said William M. Sheriff, Chairman and CEO. "Our 2010 drill program has established significant mineralization in all of the identified zones on this large project, and positions Clear Creek as a leading project for Golden Predator in 2011." Clear Creek The Company has now released complete results from its 2010 drill program on its Clear Creek project, located 65 km northwest of Mayo, Yukon. The project comprises approximately 60 km(2) and contains five identified target areas: the Bear Paw, Contact, Saddle, Josephine, and Rhosbegobel Zones. The Saddle Zone is approximately 2.6 km north of the Contact Zone which is in turn 5.0 km northeast from the Bear Paw Zone. The Josephine Zone lies between the Saddle and Contact Zones, and the Rhosbegobel Zone between the Contact and Bear Paw Zones. The full 2010 program consisted of 4 HQ diameter oriented core diamond drill holes totaling 1,054 m and 38 RC drill holes totaling 2,589 m. The Company has begun reviewing the extensive data generated this year, and will be integrating it into a comprehensive model to form a framework for the Company's intensified 2011 work program at Clear Creek. RC Hole CC10-22 encountered a 10 cm thick mineralized quartz vein sub-parallel to the dip of the drill hole at a depth of 3.05 m. Subsequent to receipt of initial results a trench was excavated 2 m from the collar in order to expose the vein. A 10 cm wide channel sample collected from the trench across the width of the exposed vein assayed 265 g/t Au and 111 g/t Ag. This vein strikes in an east-west direction with a steep dip and is a single vein within the more important sheeted vein zone spatially associated with a mineralized and clay-altered silicic quartz porphyry dike in the heart of the Contact Zone. RC drill chips over this interval show abundant vein material, consistent with rocks exposed in the trench. Anomalous gold values in soil and rock on the Clear Creek property are spatially associated with mid-Cretaceous aged Tombstone plutonic suite granitic stocks and the Bear Paw Breccia Zone. Previously identified mineralization apparently hosted by sheeted veins in and around the stocks and with hydrothermal breccias, appear temporally related to the intrusive rocks. The Company's 2010 work program at Clear Creek focused on further exploring the Bear Paw, Contact, Saddle and Josephine Zones. No work was planned or completed this year on the Rhosbegobel Zone, where Kennecott had previously identified a shallow near-surface gold mineralized area of approximately 40 million tonnes grading 300 ppb Au, with a higher grade core of 1.5-2.0 million tonnes grading between 0.75 and 1.25 g/t Au from an east-west trending zone 1,200 m long, 200 m wide and 65 m deep as outlined from 27 RC holes averaging only 73 m in depth (Coombes, 1995). The Clear Creek property is in an active placer mining area that has produced more than 129,000 oz Au (Allen et all, 1999). Drainages hosting these placers emanate from the known mineralized zones listed above. These latest results reflect difficult RC drilling conditions as none of these holes were able to reach their targeted depths. Sheeted vein zones visible at the surface were targeted throughout the Josephine Zone; unfortunately all holes were terminated above their projected target depths. An 18 cm channel sample of one of the veins near RC Hole CC10-41 returned a value of 5.44 g/t Au. Depths ranged from 22.86m in hole CC10-42 to a maximum of 132.62m in hole CC10-20 with an average depth of only 69.19m. The targeted zone was not intercepted in many of these holes due to the restricted depth. The Company will be mobilizing much larger drill rigs during the 2011 season in order to more fully evaluate the project. Holes CC10-02, 03 and 04 are diamond drill holes and the remaining holes are RC drill holes.
ROCKHAVEN RESOURCES LTD. ANNOUNCES REMAINING ASSAYS FROM
EXCAVATOR TRENCHING AT ITS KLAZA PROPERTY
October 19, 2010 - Rockhaven Resources Ltd. (TSX-V:RK) ("Rockhaven") is pleased to
announce assays from the remainder of its 2010 excavator trenching program at its whollyowned
Klaza property, which is located in the Dawson Range Gold Belt of central Yukon
Territory. A total of 8000 m of trenching done during the program expanded known zones and
made significant new discoveries. Results are expected soon from 11 diamond drill holes that
tested downdip of high grade vein and bulk tonnage, gold and silver mineralization exposed in
trenches across the various zones.
Excavator trenching has only been done in approximately 10% of the 30 sq km property. It has
proven to be a highly effective exploration technique and has exposed a series of four main,
northwest trending structural zones, named the Klaza, BYG, Herc and BRX. Each structural
zone hosts a series of mineralized veins and breccias, individually ranging between 0.5 to 10 m
in width. Lateral continuity of the zones is excellent. They vary from 10 to 50 m in width and
have been traced between 500 to 1000 m along strike. All of them are open to further extension.
The most consistent results are from the Klaza Zone where broad intervals of strongly elevated
gold and silver assays have been reported (news releases dated August 25th and September 21st,
2010). New trench results extend the Klaza Zone to a length of 500 m. Trench KL-10-19, which
exposed the Klaza Zone 125 m west of the previously announced KL-10-10 (2.87 g/t gold and
42.3 g/t silver over 20.10 m), encountered a narrower but better grade interval that assayed 12.45
g/t gold and 305.0 g/t silver over 1.45 m. The mineralization narrows in this trench because most
of the zone is occupied by an uncommonly thick dyke of intrusive rock. Similar dykes are
present elsewhere in the zone. They are often flanked by mineralization but are themselves
barren. These dykes pinch and swell in three dimensions and there is no reason to believe that
this dyke has cut off the mineralization. Coincident soil geochemical and geophysical anomalies
have been identified along trend of the Klaza Zone in both directions from the trenches.
Prospecting along the anomalous trend is usually ineffective because of vegetation and
overburden cover; however, four clusters of mineralized float were discovered in a 75 m
diameter area approximately 200 m west of KL-10-19. Four composite samples collected from
this area returned between 0.10 to 4.76 g/t gold and 129 to 781 g/t silver. Pre-stripping of
vegetation and overburden has been done in several areas along trend of the Klaza Zone in
preparation for continued trenching in 2011.
Trenching elsewhere on the property also yielded positive results. KL-10-21, located along the
western extension of the BRX Zone, made a particularly encouraging discovery, which averaged
4.00 g/t gold and 434.8 g/t silver over 8.68 m. New results from other trenches on the property
include:
• 14.15 g/t gold and 188.0 g/t silver over 2.20 m;
• 4.18 g/t gold and 360.0 g/t silver over 3.50 m;
• 4.09 g/t gold and 117.0 g/t silver over 1.50 m;
• 0.96 g/t gold and 99.0 g/t silver over 7.00 m;
• 1.54 g/t gold and 71.1 g/t silver over 2.30 m;
• 2.77 g/t gold and 81.9 g/t silver over 1.89 m; and
• 3.32 g/t gold and 32.5 g/t silver over 0.50 m.
In general, silver values are increasing as trenching proceeds northwesterly away from the
original discovery area.
The Company has posted a table summarizing results from the entire 2010 excavator trench
program along with a map showing excavator trench locations at www.rockhavenresources.com.
The Klaza property is located 50 km west of Carmacks and is accessible by a two-wheel drive
road from the Klondike Highway. The property is situated 10 km from the historical Mt. Nansen
gold mine and is flanked to the east and west by active placer gold mining operations.
EXCAVATOR TRENCHING AT ITS KLAZA PROPERTY
October 19, 2010 - Rockhaven Resources Ltd. (TSX-V:RK) ("Rockhaven") is pleased to
announce assays from the remainder of its 2010 excavator trenching program at its whollyowned
Klaza property, which is located in the Dawson Range Gold Belt of central Yukon
Territory. A total of 8000 m of trenching done during the program expanded known zones and
made significant new discoveries. Results are expected soon from 11 diamond drill holes that
tested downdip of high grade vein and bulk tonnage, gold and silver mineralization exposed in
trenches across the various zones.
Excavator trenching has only been done in approximately 10% of the 30 sq km property. It has
proven to be a highly effective exploration technique and has exposed a series of four main,
northwest trending structural zones, named the Klaza, BYG, Herc and BRX. Each structural
zone hosts a series of mineralized veins and breccias, individually ranging between 0.5 to 10 m
in width. Lateral continuity of the zones is excellent. They vary from 10 to 50 m in width and
have been traced between 500 to 1000 m along strike. All of them are open to further extension.
The most consistent results are from the Klaza Zone where broad intervals of strongly elevated
gold and silver assays have been reported (news releases dated August 25th and September 21st,
2010). New trench results extend the Klaza Zone to a length of 500 m. Trench KL-10-19, which
exposed the Klaza Zone 125 m west of the previously announced KL-10-10 (2.87 g/t gold and
42.3 g/t silver over 20.10 m), encountered a narrower but better grade interval that assayed 12.45
g/t gold and 305.0 g/t silver over 1.45 m. The mineralization narrows in this trench because most
of the zone is occupied by an uncommonly thick dyke of intrusive rock. Similar dykes are
present elsewhere in the zone. They are often flanked by mineralization but are themselves
barren. These dykes pinch and swell in three dimensions and there is no reason to believe that
this dyke has cut off the mineralization. Coincident soil geochemical and geophysical anomalies
have been identified along trend of the Klaza Zone in both directions from the trenches.
Prospecting along the anomalous trend is usually ineffective because of vegetation and
overburden cover; however, four clusters of mineralized float were discovered in a 75 m
diameter area approximately 200 m west of KL-10-19. Four composite samples collected from
this area returned between 0.10 to 4.76 g/t gold and 129 to 781 g/t silver. Pre-stripping of
vegetation and overburden has been done in several areas along trend of the Klaza Zone in
preparation for continued trenching in 2011.
Trenching elsewhere on the property also yielded positive results. KL-10-21, located along the
western extension of the BRX Zone, made a particularly encouraging discovery, which averaged
4.00 g/t gold and 434.8 g/t silver over 8.68 m. New results from other trenches on the property
include:
• 14.15 g/t gold and 188.0 g/t silver over 2.20 m;
• 4.18 g/t gold and 360.0 g/t silver over 3.50 m;
• 4.09 g/t gold and 117.0 g/t silver over 1.50 m;
• 0.96 g/t gold and 99.0 g/t silver over 7.00 m;
• 1.54 g/t gold and 71.1 g/t silver over 2.30 m;
• 2.77 g/t gold and 81.9 g/t silver over 1.89 m; and
• 3.32 g/t gold and 32.5 g/t silver over 0.50 m.
In general, silver values are increasing as trenching proceeds northwesterly away from the
original discovery area.
The Company has posted a table summarizing results from the entire 2010 excavator trench
program along with a map showing excavator trench locations at www.rockhavenresources.com.
The Klaza property is located 50 km west of Carmacks and is accessible by a two-wheel drive
road from the Klondike Highway. The property is situated 10 km from the historical Mt. Nansen
gold mine and is flanked to the east and west by active placer gold mining operations.
sagt es koennte 20 mil oz (Yukon )haben
kaboom!!!
kaboom!!!
2010-10-22 08:14 ET - News Release
Mr. Ian Klassen reports
GRANDE PORTAGE RESOURCES LTD. ANNOUNCES INITIAL DRILLING IDENTIFIES MAJOR ELEMENTS OF A COMPLEX MESOTHERMAL GOLD-QUARTZ SYSTEM WITH NUMEROUS TARGETS
Grande Portage Resources Ltd. has provided initial results from its program of detailed geologic studies and diamond core drilling at the Herbert Glacier prospect north of Juneau, Alaska.
The initial results from the company's drilling program confirm that it has identified major elements of a complex Mesothermal gold-quartz system with numerous targets. Detailed geologic mapping and analysis of aerial photographs have been completed over about the southern two-thirds of the most intensely mineralized part of the 91-claim Herbert property. Three master vein-faults of approximate east-west strike and steep northern dip have been identified as the Floyd, Deep Trench and Main structures. The Deep Trench and Main structures have been mapped over strike lengths of about 2,100 metres and vertical distances of several hundred metres. Subsidiary structures such as the Ridge vein are subparallel to the main structures and are themselves attractive targets for mineralization. Reconnaissance has identified at least two more master vein-faults, tentatively named Goat Creek and North, to the north of the detailed studied area.
Thus far only the Main vein-fault and the subsidiary Ridge vein have had any significant amount of drilling, although two intercepts on the Deep Trench vein are significant. The identification of two new mineralized master vein-faults, Goat Creek and North, in reconnaissance country, is also important. Project geologist Carl Hale notes, "Only a fraction of the mineralized area has had a drill hole."
As of Oct. 21, 13 NQ holes have been completed and two more are currently being drilled. The company is currently awaiting assays results for six more holes. Because of steep terrain that limits the numbers of set-ups the holes were drilled in fan drill fashion from five pads: seven from pad A, three from pad b, two from pad C and two from pad D.
The most significant drill intercept from pad A was in the Deep Trench structure which was found between 329 and 341.36 m -- 12.36 m thickness -- about 300 m down drill depth and about 300 m vertically below outcrop (see table). A split from the Deep Trench vein was also hit from pad B (9.40 ppm in hole 10B-1 with other anomalous values in holes 10B-2 and 3). Another drill hole directed to the Deep Trench structure is planned for pad E. This hole is projected to intercept the structure at about 100 to 120 m below an outcrop area with well-mineralized quartz-sulphide veins up to 10 m wide.
Detailed mapping by project geologist Mr. Hale along the trend of the Main vein both east and west of the 10A area suggests that drilling maybe more successful in those localities than in the quartz-vein poor area near pad A. Drill holes from 10D pad intersected sulphide-rich veins along the trace of drill holes 10D 1 and 2. To the west in the vicinity of C pad the Main vein appears to occupy two subparallel faults here called N and S splits.
Drill hole 10C-1 has strong veins that may be the downdip extensions of the exposed N and S splits. Each of these veins has about a 1.3 m central zone of quartz enclosed in a sericite-sulphide halo. Very strong veins were intercepted, respectively, from 101.8 to 104.3 m and 119.28 to 121.54 m in drill hole 10C-1. Other mineral intercepts have been found in DH 10C-2 where drilling is still in progress.
Weather-related project termination will be on or about Oct. 25. Mr. Hale concludes that strong mineralization can be found throughout the large property and that there are numerous unevaluated prospects that should be drilled.
Mr. Hale, CPG, a geologist of more than 40 years experience, directs the field program and acts as the qualified person (QP) as that term is defined under NI 43-101. Mr. Hale is backed up by C.C. Hawley, PhD, CPG, of Hawley Resource Group Inc. and Alaska Earth Sciences Inc. of Anchorage, Alaska.
We seek Safe Harbor.
Mr. Ian Klassen reports
GRANDE PORTAGE RESOURCES LTD. ANNOUNCES INITIAL DRILLING IDENTIFIES MAJOR ELEMENTS OF A COMPLEX MESOTHERMAL GOLD-QUARTZ SYSTEM WITH NUMEROUS TARGETS
Grande Portage Resources Ltd. has provided initial results from its program of detailed geologic studies and diamond core drilling at the Herbert Glacier prospect north of Juneau, Alaska.
The initial results from the company's drilling program confirm that it has identified major elements of a complex Mesothermal gold-quartz system with numerous targets. Detailed geologic mapping and analysis of aerial photographs have been completed over about the southern two-thirds of the most intensely mineralized part of the 91-claim Herbert property. Three master vein-faults of approximate east-west strike and steep northern dip have been identified as the Floyd, Deep Trench and Main structures. The Deep Trench and Main structures have been mapped over strike lengths of about 2,100 metres and vertical distances of several hundred metres. Subsidiary structures such as the Ridge vein are subparallel to the main structures and are themselves attractive targets for mineralization. Reconnaissance has identified at least two more master vein-faults, tentatively named Goat Creek and North, to the north of the detailed studied area.
Thus far only the Main vein-fault and the subsidiary Ridge vein have had any significant amount of drilling, although two intercepts on the Deep Trench vein are significant. The identification of two new mineralized master vein-faults, Goat Creek and North, in reconnaissance country, is also important. Project geologist Carl Hale notes, "Only a fraction of the mineralized area has had a drill hole."
As of Oct. 21, 13 NQ holes have been completed and two more are currently being drilled. The company is currently awaiting assays results for six more holes. Because of steep terrain that limits the numbers of set-ups the holes were drilled in fan drill fashion from five pads: seven from pad A, three from pad b, two from pad C and two from pad D.
The most significant drill intercept from pad A was in the Deep Trench structure which was found between 329 and 341.36 m -- 12.36 m thickness -- about 300 m down drill depth and about 300 m vertically below outcrop (see table). A split from the Deep Trench vein was also hit from pad B (9.40 ppm in hole 10B-1 with other anomalous values in holes 10B-2 and 3). Another drill hole directed to the Deep Trench structure is planned for pad E. This hole is projected to intercept the structure at about 100 to 120 m below an outcrop area with well-mineralized quartz-sulphide veins up to 10 m wide.
Detailed mapping by project geologist Mr. Hale along the trend of the Main vein both east and west of the 10A area suggests that drilling maybe more successful in those localities than in the quartz-vein poor area near pad A. Drill holes from 10D pad intersected sulphide-rich veins along the trace of drill holes 10D 1 and 2. To the west in the vicinity of C pad the Main vein appears to occupy two subparallel faults here called N and S splits.
Drill hole 10C-1 has strong veins that may be the downdip extensions of the exposed N and S splits. Each of these veins has about a 1.3 m central zone of quartz enclosed in a sericite-sulphide halo. Very strong veins were intercepted, respectively, from 101.8 to 104.3 m and 119.28 to 121.54 m in drill hole 10C-1. Other mineral intercepts have been found in DH 10C-2 where drilling is still in progress.
Weather-related project termination will be on or about Oct. 25. Mr. Hale concludes that strong mineralization can be found throughout the large property and that there are numerous unevaluated prospects that should be drilled.
Mr. Hale, CPG, a geologist of more than 40 years experience, directs the field program and acts as the qualified person (QP) as that term is defined under NI 43-101. Mr. Hale is backed up by C.C. Hawley, PhD, CPG, of Hawley Resource Group Inc. and Alaska Earth Sciences Inc. of Anchorage, Alaska.
We seek Safe Harbor.
Golden Predator halted at 6:28 a.m. PT
2010-10-25 09:52 ET - Halt Trading
2010-10-25 09:52 ET - Halt Trading
Golden Predator GPD Intercepts 1.72 g/t Gold over 146.3 m from Carlos Zone, Grew Creek Property, Yukon
TSX: GPD
www.goldenpredator.com
VANCOUVER, Oct. 25 /CNW/ - Golden Predator Corp. (TSX: GPD) (the "Company") is pleased to announce results from its initial drill program at the Carlos Zone of its road-accessible Grew Creek project. Three oriented core holes were drilled in order to determine the structural orientations of mineralized veins on the project and better evaluate the mineralization reported from historic drilling in the area. All three holes intersected significant mineralization including 1.72 g/t Au over 146.3 m in hole GC10-001. Hole GC10-002 returned 1.21 g/t Au over 132.18 m and 31.75 m grading 2.08 g/t Au and bottomed in mineralization. Hole GC10-003 encountered 60.85 m of 1.93 g/t Au and 8.5 m of 1.89 g/t Au. Highlights of the drill results are shown in the table below. Silver assays are pending.
"I am obviously excited by the consistency of the mineralization we have encountered at Grew Creek, and am pleased to place Grew Creek beside Clear Creek as our premier advance projects for 2011. We are anticipating significant progress towards resource calculations on both Grew Creek and Clear Creek next year, as well as expansion of the existing resource at Brewery Creek" said William M. Sheriff, Chairman and CEO. "Furthermore, I am very proud of our accomplished technical team which identified this opportunity and engineered a very successful drill program based solely on new structural interpretations."
Grew Creek
The Company's 2010 test drill program at Grew Creek consisted of three HQ diameter oriented core drill holes totaling 710.18 m in the Carlos Zone. The Grew Creek project is located 32 km southwest of Faro, Yukon. The property's 72 km2 encompasses 363 claims, extending along both sides of the Robert Campbell Highway for approximately 27 km. The Carlos Zone lies approximately 900 m off of the highway, and power lines traverse the project area.
Earlier this year the Company's geologists analyzed the structural orientations of mineralized veins exposed on the discovery outcrop and in available core from historic drilling and concluded that previous drilling on the project had not been optimally oriented . Historic drilling in the Carlos Zone was aligned almost exclusively in a south-southwesterly direction (azimuth 198°), targeting a Tintina Fault splay which trends west-northwesterly (azimuth 295°). The results of Golden Predator's three test holes support the conclusion reached by its geological team and show that while the envelope of mineralization aligns along a west-northwesterly splay of the Tintina fault (azimuth 295°) it occurs in veins and veinlets filling a conjugate fracture set that lies strongly oblique (25° to 85°) to the main trend. These mineralized veins had not been targeted in historic drilling.
TSX: GPD
www.goldenpredator.com
VANCOUVER, Oct. 25 /CNW/ - Golden Predator Corp. (TSX: GPD) (the "Company") is pleased to announce results from its initial drill program at the Carlos Zone of its road-accessible Grew Creek project. Three oriented core holes were drilled in order to determine the structural orientations of mineralized veins on the project and better evaluate the mineralization reported from historic drilling in the area. All three holes intersected significant mineralization including 1.72 g/t Au over 146.3 m in hole GC10-001. Hole GC10-002 returned 1.21 g/t Au over 132.18 m and 31.75 m grading 2.08 g/t Au and bottomed in mineralization. Hole GC10-003 encountered 60.85 m of 1.93 g/t Au and 8.5 m of 1.89 g/t Au. Highlights of the drill results are shown in the table below. Silver assays are pending.
"I am obviously excited by the consistency of the mineralization we have encountered at Grew Creek, and am pleased to place Grew Creek beside Clear Creek as our premier advance projects for 2011. We are anticipating significant progress towards resource calculations on both Grew Creek and Clear Creek next year, as well as expansion of the existing resource at Brewery Creek" said William M. Sheriff, Chairman and CEO. "Furthermore, I am very proud of our accomplished technical team which identified this opportunity and engineered a very successful drill program based solely on new structural interpretations."
Grew Creek
The Company's 2010 test drill program at Grew Creek consisted of three HQ diameter oriented core drill holes totaling 710.18 m in the Carlos Zone. The Grew Creek project is located 32 km southwest of Faro, Yukon. The property's 72 km2 encompasses 363 claims, extending along both sides of the Robert Campbell Highway for approximately 27 km. The Carlos Zone lies approximately 900 m off of the highway, and power lines traverse the project area.
Earlier this year the Company's geologists analyzed the structural orientations of mineralized veins exposed on the discovery outcrop and in available core from historic drilling and concluded that previous drilling on the project had not been optimally oriented . Historic drilling in the Carlos Zone was aligned almost exclusively in a south-southwesterly direction (azimuth 198°), targeting a Tintina Fault splay which trends west-northwesterly (azimuth 295°). The results of Golden Predator's three test holes support the conclusion reached by its geological team and show that while the envelope of mineralization aligns along a west-northwesterly splay of the Tintina fault (azimuth 295°) it occurs in veins and veinlets filling a conjugate fracture set that lies strongly oblique (25° to 85°) to the main trend. These mineralized veins had not been targeted in historic drilling.
AM Gold drills 268.6 m of 0.72 g/t Au at Red Mountain
2010-10-25 10:59 ET - News Release
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Mr. John Fiorino reports
AM GOLD INTERCEPTS 268.5 M OF .72 G/T GOLD AT RED MOUNTAIN
AM Gold Inc. has released additional results from its 2010 diamond drill core program at Red Mountain, Yukon, including partial results from hole ICE10030 and all assay results from hole ICE10032. The entire 12-hole 2010 diamond drill program at Red Mountain has been focused on expanding the previously disclosed inferred resource of 542,000 troy ounces (23.6 million tonnes grading 0.7 gram per tonne (g/t) gold) announced in Stockwatch on June 16, 2010.
Hole ICE10030 was collared approximately 200 metres southwest of hole ICE10028 (previously announced Sept. 28 and Oct. 5, 2010) and was drilled to the north-northeast at minus 60 degrees to a depth of approximately 368 metres to test the southern extent of the mineralization at the western end of the resource area. Assay results are pending for the last 15 metres of the hole.
Hole ICE10032 was collared approximately 190 metres northwest of hole ICE10028 and was drilled south-southwest at minus 65 degrees to a depth of approximately 343 metres to test the northern fringe of the projected mineralization at the extreme western extent of the resource area.
2010-10-25 10:59 ET - News Release
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.
Here is a sample of this item:
Mr. John Fiorino reports
AM GOLD INTERCEPTS 268.5 M OF .72 G/T GOLD AT RED MOUNTAIN
AM Gold Inc. has released additional results from its 2010 diamond drill core program at Red Mountain, Yukon, including partial results from hole ICE10030 and all assay results from hole ICE10032. The entire 12-hole 2010 diamond drill program at Red Mountain has been focused on expanding the previously disclosed inferred resource of 542,000 troy ounces (23.6 million tonnes grading 0.7 gram per tonne (g/t) gold) announced in Stockwatch on June 16, 2010.
Hole ICE10030 was collared approximately 200 metres southwest of hole ICE10028 (previously announced Sept. 28 and Oct. 5, 2010) and was drilled to the north-northeast at minus 60 degrees to a depth of approximately 368 metres to test the southern extent of the mineralization at the western end of the resource area. Assay results are pending for the last 15 metres of the hole.
Hole ICE10032 was collared approximately 190 metres northwest of hole ICE10028 and was drilled south-southwest at minus 65 degrees to a depth of approximately 343 metres to test the northern fringe of the projected mineralization at the extreme western extent of the resource area.
Investment Industry Regulatory Organization of Canada - Trading Halt - Golden Predator Corp. - GPD
TORONTO, Oct. 26 /CNW/ - The following issues have been halted by Investment Industry Regulatory Organization of Canada (IIROC):
Issuer Name: Golden Predator Corp.
TSX Ticker Symbol: GPD
Time of Halt: 3:19pm ET
Reason for Halt: Pending News
TORONTO, Oct. 26 /CNW/ - The following issues have been halted by Investment Industry Regulatory Organization of Canada (IIROC):
Issuer Name: Golden Predator Corp.
TSX Ticker Symbol: GPD
Time of Halt: 3:19pm ET
Reason for Halt: Pending News
Golden Predator arranges $15-million private placement
2010-10-26 15:45 ET - News Release
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An anonymous director reports
GOLDEN PREDATOR ANNOUNCES $15,000,000 PRIVATE PLACEMENT
Golden Predator Corp. has entered into an agreement with Casimir Capital LP to complete a private placement for aggregate gross proceeds of up to $15-million.
The offering will close in two tranches. The first tranche will comprise up to 11,125,000 units at a price of 60 cents per unit for gross proceeds to the company of $6,675,000. Each unit will comprise one common share of the company and one-half of one non-transferable share purchase warrant. Each full warrant will entitle the holder to purchase an additional common share of the company at a price of 80 cents for a period of 24 months from closing. The first tranche is scheduled to close on or about Nov. 4, 2010.
The terms of the second tranche will be set once the company has secured the approval of its shareholders to the issuance of securities in excess of 25 per cent of its outstanding share capital, as required by the rules of the Toronto Stock Exchange.
2010-10-26 15:45 ET - News Release
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.
Here is a sample of this item:
An anonymous director reports
GOLDEN PREDATOR ANNOUNCES $15,000,000 PRIVATE PLACEMENT
Golden Predator Corp. has entered into an agreement with Casimir Capital LP to complete a private placement for aggregate gross proceeds of up to $15-million.
The offering will close in two tranches. The first tranche will comprise up to 11,125,000 units at a price of 60 cents per unit for gross proceeds to the company of $6,675,000. Each unit will comprise one common share of the company and one-half of one non-transferable share purchase warrant. Each full warrant will entitle the holder to purchase an additional common share of the company at a price of 80 cents for a period of 24 months from closing. The first tranche is scheduled to close on or about Nov. 4, 2010.
The terms of the second tranche will be set once the company has secured the approval of its shareholders to the issuance of securities in excess of 25 per cent of its outstanding share capital, as required by the rules of the Toronto Stock Exchange.
Northern Tiger drills 7.6 g/t Au, 155 g/t Ag over 6.0 m
2010-10-28 08:08 ET - News Release
Shares issued 66,836,217
NTR Close 2010-10-27 C$ 0.79
Mr. Greg Hayes reports
NORTHERN TIGER RESOURCES MAKES TWO SEPARATE PRECIOUS METAL DISCOVERIES AT SONORA GULCH, YUKON
Northern Tiger Resources Inc. has received all assays from drill programs at the Sonora Gulch and DAD properties. Highlights include two drill-hole discoveries of gold mineralization in areas not previously drilled by the Company. In addition, long intercepts of anomalous copper and molybdenum were intersected in porphyry style alteration that further demonstrates the property's porphyry potential. Intercepts include:
Width Gold Silver Copper Molybdenum
Hole # Interval (m) (m) (g/t) (g/t) (ppm) (ppm)
--------------------------------------------------
Gold
Intercepts: SG-10-53 194.5 - 210.5 16.0 1.9 6.1 255 13
SG-10-55 115.0 - 121.0 6.0 7.6 155.5 548 4
Copper/Moly
Intercepts: SG-10-51 0.0 - 288.0 288.0 - 0.8 245 19
SG-10-53 146.5 - 176.5 30.0 - 1.6 802 88
SG-10-54 7.0 - 95.0 88.0 - 0.9 313 13
SG-10-56 205.0 - 283.0 78.0 - 0.9 403 24
"We are very pleased that Northern Tiger's Exploration Team has discovered significant gold mineralization in two separate areas that were not previously drilled. These new drill-hole discoveries demonstrate the significant potential for discovery of gold mineralization within the 9 km(2) gold-in-soil anomaly NTR has outlined on the property," says Greg Hayes, President of Northern Tiger. "The identification of characteristic porphyry alteration assemblages combined with sizeable intercepts of anomalous copper and molybdenum has also met the primary objective of the 2010 drill program and demonstrates that a porphyry copper-gold-molybdenum system is at the heart of Sonora Gulch's mineralization. Our very first and modest drill program to look at the project's porphyry potential is encouraging. We have demonstrated potential for two separate but related exploration targets and we are analyzing results to define potential ore-grade base metal and precious metal targets."
Northern Tiger owns 100% of the Sonora Gulch Project, which is located in the central Yukon's Dawson Range. Twelve diamond drill holes totalling 2,875 metres were collared in 2010 (see news release dated September 2, 2010). Two of the twelve holes were abandoned at shallow depths due to difficult drilling conditions. The program was primarily designed to test for the presence of a porphyry copper-gold-molybdenum system as suggested by surface geochemical exploration results. Two of the twelve holes also intersected significant gold mineralization.
Previous work by Northern Tiger has outlined an east to west 9 km(2)(6 km by 1.5 km) striking soil anomaly defined by anomalous gold and silver +/- arsenic, antimony, bismuth and tellurium located around a central zone of anomalous copper and molybdenum (2 km by 1 km). Within this area a characteristic progression of increasing alteration was noted. Propylitic alteration (epidote, chlorite, calcite) and argillic alteration (illite, muscovite, kaolinite) is associated with the gold anomalies. Phyllic (quartz, sericite, pyrite) alteration is progressively stronger towards the inner copper and molybdenum soil anomalies. The majority of the holes drilled in 2010 cored well developed alteration and some mineralization (5 to 25% pyrite +/- base and precious metals) hosted by Wolverine Creek meta-volcanic and meta-sedimentary rocks. Deeper holes within the porphyry target area intersected patches of moderate to strong potassic alteration (feldspar, biotite/phlogopite, chlorite, gypsum) and skarn mineralization. Variable amounts of quartz veining and fracture controlled chalcopyrite and molybdenite mineralization, typical of porphyry copper mineralization, was also noted in many holes.
A number of the drill holes targeted anomalies identified by a deep penetrating geophysical survey done by Quantec Geosciences Ltd. (the "Titan 24 Survey" - see news release dated July 15, 2010) and also tested radiometric and magnetic targets identified from a 2009 airborne geophysical survey. Quantec recommended a total of 29 drill holes (including 14 high priority holes) to test chargeability anomalies identified by the Titan 24 Survey. Due to the relatively modest size of drill program versus the large number of promising targets, and logistical limitations of using a skid mounted drill, only five of the recommended Titan 24 chargeability targets were drill tested in the 2010 drill program. The balance will be considered for drilling in 2011. The two new gold discoveries are also obvious targets for further follow-up.
A location map and table of the drill results are available at www.northern-tiger.com.
DAD Project
A two hole (404 metre) diamond drilling program was completed on the DAD property to test a induced polarization (IP) anomaly coincident with a copper-in-soil geochemical anomaly (see news release dated September 2, 2010). The holes cored short lengths of the target Granite Mountain Batholith (host to the Minto copper-gold deposits) before intersecting an underlying sequence of pyrite rich meta-sedimentary rocks. This unit - which is interpreted to be the source of the chargeability anomaly - is not mapped on the surface in the area, either locally or regionally. Copper values up to 363 ppm and gold up to 103 ppb were returned over short intervals. The Company is reassessing this target.
3Ace Project
The diamond drill program planned for the 3Ace Project (see news release dated September 21, 2010) has been completed with three holes collared into the Main Zone and six holes into the Sleeping Giant Zone for a total 1,240 metres. All nine holes intercepted the target quartz vein structures and also revealed additional smaller but discrete quartz veins filling the intensely fractured, quartz flooded host rocks. This is a feature not noted in surface mapping, probably due to the poor bedrock exposure. All drill core has been shipped to Whitehorse where it is being logged and split for assay. Initial assay results are expected soon and it is the Company's intention to release them in two separate batches, one for the Main Zone and one for the Sleeping Giant zone.
This News Release has been reviewed and approved by Dennis Ouellette, B.Sc., P.Geol., a Qualified Person as defined by National Instrument 43-101. Samples from Sonora Gulch were analyzed by ALS Chemex of North Vancouver, British Columbia, Canada using 50 gram fire assay and 35 element ICP analysis. Samples from 3Ace were analyzed by Inspectorate America Corporation of Richmond, British Columbia using 50 gram fire assay and 50 element, 4 Acid ICP analysis. Samples returning in excess of 30 g/t gold are also sent for metallic screen fire assay testing.
We seek Safe Harbor.
2010-10-28 08:08 ET - News Release
Shares issued 66,836,217
NTR Close 2010-10-27 C$ 0.79
Mr. Greg Hayes reports
NORTHERN TIGER RESOURCES MAKES TWO SEPARATE PRECIOUS METAL DISCOVERIES AT SONORA GULCH, YUKON
Northern Tiger Resources Inc. has received all assays from drill programs at the Sonora Gulch and DAD properties. Highlights include two drill-hole discoveries of gold mineralization in areas not previously drilled by the Company. In addition, long intercepts of anomalous copper and molybdenum were intersected in porphyry style alteration that further demonstrates the property's porphyry potential. Intercepts include:
Width Gold Silver Copper Molybdenum
Hole # Interval (m) (m) (g/t) (g/t) (ppm) (ppm)
--------------------------------------------------
Gold
Intercepts: SG-10-53 194.5 - 210.5 16.0 1.9 6.1 255 13
SG-10-55 115.0 - 121.0 6.0 7.6 155.5 548 4
Copper/Moly
Intercepts: SG-10-51 0.0 - 288.0 288.0 - 0.8 245 19
SG-10-53 146.5 - 176.5 30.0 - 1.6 802 88
SG-10-54 7.0 - 95.0 88.0 - 0.9 313 13
SG-10-56 205.0 - 283.0 78.0 - 0.9 403 24
"We are very pleased that Northern Tiger's Exploration Team has discovered significant gold mineralization in two separate areas that were not previously drilled. These new drill-hole discoveries demonstrate the significant potential for discovery of gold mineralization within the 9 km(2) gold-in-soil anomaly NTR has outlined on the property," says Greg Hayes, President of Northern Tiger. "The identification of characteristic porphyry alteration assemblages combined with sizeable intercepts of anomalous copper and molybdenum has also met the primary objective of the 2010 drill program and demonstrates that a porphyry copper-gold-molybdenum system is at the heart of Sonora Gulch's mineralization. Our very first and modest drill program to look at the project's porphyry potential is encouraging. We have demonstrated potential for two separate but related exploration targets and we are analyzing results to define potential ore-grade base metal and precious metal targets."
Northern Tiger owns 100% of the Sonora Gulch Project, which is located in the central Yukon's Dawson Range. Twelve diamond drill holes totalling 2,875 metres were collared in 2010 (see news release dated September 2, 2010). Two of the twelve holes were abandoned at shallow depths due to difficult drilling conditions. The program was primarily designed to test for the presence of a porphyry copper-gold-molybdenum system as suggested by surface geochemical exploration results. Two of the twelve holes also intersected significant gold mineralization.
Previous work by Northern Tiger has outlined an east to west 9 km(2)(6 km by 1.5 km) striking soil anomaly defined by anomalous gold and silver +/- arsenic, antimony, bismuth and tellurium located around a central zone of anomalous copper and molybdenum (2 km by 1 km). Within this area a characteristic progression of increasing alteration was noted. Propylitic alteration (epidote, chlorite, calcite) and argillic alteration (illite, muscovite, kaolinite) is associated with the gold anomalies. Phyllic (quartz, sericite, pyrite) alteration is progressively stronger towards the inner copper and molybdenum soil anomalies. The majority of the holes drilled in 2010 cored well developed alteration and some mineralization (5 to 25% pyrite +/- base and precious metals) hosted by Wolverine Creek meta-volcanic and meta-sedimentary rocks. Deeper holes within the porphyry target area intersected patches of moderate to strong potassic alteration (feldspar, biotite/phlogopite, chlorite, gypsum) and skarn mineralization. Variable amounts of quartz veining and fracture controlled chalcopyrite and molybdenite mineralization, typical of porphyry copper mineralization, was also noted in many holes.
A number of the drill holes targeted anomalies identified by a deep penetrating geophysical survey done by Quantec Geosciences Ltd. (the "Titan 24 Survey" - see news release dated July 15, 2010) and also tested radiometric and magnetic targets identified from a 2009 airborne geophysical survey. Quantec recommended a total of 29 drill holes (including 14 high priority holes) to test chargeability anomalies identified by the Titan 24 Survey. Due to the relatively modest size of drill program versus the large number of promising targets, and logistical limitations of using a skid mounted drill, only five of the recommended Titan 24 chargeability targets were drill tested in the 2010 drill program. The balance will be considered for drilling in 2011. The two new gold discoveries are also obvious targets for further follow-up.
A location map and table of the drill results are available at www.northern-tiger.com.
DAD Project
A two hole (404 metre) diamond drilling program was completed on the DAD property to test a induced polarization (IP) anomaly coincident with a copper-in-soil geochemical anomaly (see news release dated September 2, 2010). The holes cored short lengths of the target Granite Mountain Batholith (host to the Minto copper-gold deposits) before intersecting an underlying sequence of pyrite rich meta-sedimentary rocks. This unit - which is interpreted to be the source of the chargeability anomaly - is not mapped on the surface in the area, either locally or regionally. Copper values up to 363 ppm and gold up to 103 ppb were returned over short intervals. The Company is reassessing this target.
3Ace Project
The diamond drill program planned for the 3Ace Project (see news release dated September 21, 2010) has been completed with three holes collared into the Main Zone and six holes into the Sleeping Giant Zone for a total 1,240 metres. All nine holes intercepted the target quartz vein structures and also revealed additional smaller but discrete quartz veins filling the intensely fractured, quartz flooded host rocks. This is a feature not noted in surface mapping, probably due to the poor bedrock exposure. All drill core has been shipped to Whitehorse where it is being logged and split for assay. Initial assay results are expected soon and it is the Company's intention to release them in two separate batches, one for the Main Zone and one for the Sleeping Giant zone.
This News Release has been reviewed and approved by Dennis Ouellette, B.Sc., P.Geol., a Qualified Person as defined by National Instrument 43-101. Samples from Sonora Gulch were analyzed by ALS Chemex of North Vancouver, British Columbia, Canada using 50 gram fire assay and 35 element ICP analysis. Samples from 3Ace were analyzed by Inspectorate America Corporation of Richmond, British Columbia using 50 gram fire assay and 50 element, 4 Acid ICP analysis. Samples returning in excess of 30 g/t gold are also sent for metallic screen fire assay testing.
We seek Safe Harbor.
I said 3Aces was looking better but based on the host rock veins in the news release - had nothing to do with Sonora. The key part as well is that they hit the veins on all holes. At the main area they did one shallow hole and one deeper hole (scissor cut) to see how far down the vein extended. The vein obviously goes down at depth since they see they hit their targets. Watch the fools sell when they have no idea what the release really means. This is why you can make a ton of money trading stocks on the TSX-V. Confusion abounds LOL.
stateside
stateside
"3Ace Project
The diamond drill program planned for the 3Ace Project (see news release dated September 21, 2010) has been completed with three holes collared into the Main Zone and six holes into the Sleeping Giant Zone for a total 1,240 metres. All nine holes intercepted the target quartz vein structures and also revealed additional smaller but discrete quartz veins filling the intensely fractured, quartz flooded host rocks. This is a feature not noted in surface mapping, probably due to the poor bedrock exposure. All drill core has been shipped to Whitehorse where it is being logged and split for assay. Initial assay results are expected soon and it is the Company's intention to release them in two separate batches, one for the Main Zone and one for the Sleeping Giant zone."
{Hi,
On my discussions with them at the show-TO-, the first 2 holes at main were a scissor cut. One at a shallow angle...and the other a steeper angle hoping the vein extends at depth. It does. Just no one cares or has a clue what is going on}
The diamond drill program planned for the 3Ace Project (see news release dated September 21, 2010) has been completed with three holes collared into the Main Zone and six holes into the Sleeping Giant Zone for a total 1,240 metres. All nine holes intercepted the target quartz vein structures and also revealed additional smaller but discrete quartz veins filling the intensely fractured, quartz flooded host rocks. This is a feature not noted in surface mapping, probably due to the poor bedrock exposure. All drill core has been shipped to Whitehorse where it is being logged and split for assay. Initial assay results are expected soon and it is the Company's intention to release them in two separate batches, one for the Main Zone and one for the Sleeping Giant zone."
{Hi,
On my discussions with them at the show-TO-, the first 2 holes at main were a scissor cut. One at a shallow angle...and the other a steeper angle hoping the vein extends at depth. It does. Just no one cares or has a clue what is going on}
Hole# Interval Width Gold Silver Copper Moly M M G/T G/T PPM PPMGold Intercepts: SG-10-53 194.5 -- 210.5 16.0 1.9 6.1 255 13SG-10-55 115.0 -- 121.0 6.0 7.6 155.5 548 4 Copper/Moly Intercepts: SG-10-51 0.0 -- 288.0 288.0 - 0.8 245 19SG-10-53 146.5 -- 176.5 30.0 - 1.6 802 88SG-10-54 7.0 -- 95.0 88.0 - 0.9 313 3SG-10-56 205.0 -- 283.0 78.0 - 0.9 403 24
I had to print this out in fixed type so I could read it.
The gold looks interesting. This is classic porphyry in that the gold in interesting grade, and is on the edge and separate, it appears, from the copper zones. This copper/moly does not look commercial here at least in these intersections ($1.89 to $6.19 in Cu. negligible in Moly.), but if the gold persisted if could be.
200 metres should have been through the leach cap, so it should be higher than that. What anomalous really means here is anybody's guess.
3 Aces ,da wahrte ich drauf und was sie schon gesagt haben...kaboom
I had to print this out in fixed type so I could read it.
The gold looks interesting. This is classic porphyry in that the gold in interesting grade, and is on the edge and separate, it appears, from the copper zones. This copper/moly does not look commercial here at least in these intersections ($1.89 to $6.19 in Cu. negligible in Moly.), but if the gold persisted if could be.
200 metres should have been through the leach cap, so it should be higher than that. What anomalous really means here is anybody's guess.
3 Aces ,da wahrte ich drauf und was sie schon gesagt haben...kaboom
"No question NTR/ 3 Aces is a gamble and indeed many samples are "grab" samples and thus subject geologist's best eye, but the extremely heavy chunk of rock I held in my hand was about 12 inch by 8" by 8" and just GLITTERING!!Many geologist that have seen the samples are awe struck and seeing that one sample for me was awe inspiring. They also found float within 15 meters that also assays spectacular high grade.That is the Main Zone. Not sure if you have seen them here is a link.
http://www.northern-tiger.com/i/misc/3AceHighGradeGoldVein.jpg
..............................................................
"The average gold assay from the nine samples was 1,762.4 grams/tonne (51.4 ounces/ton). Each sample weighed in excess of two kilograms. The samples were collected from a five-metre-by-15-metre area. Three of the samples were collected from different locations on the outcropping vein and six samples were collected from float boulders located down slope from the vein. The native gold is distributed as disseminations and fracture coatings and fillings within massive white crystalline quartz vein material. Grab samples are selective by nature and are unlikely to represent average grades for the property. In addition, investors are cautioned that all samples containing course native gold should be considered to have an inherent "nugget effect."
...............................................................
There was an extensive historic soil survey map and further ground work by NTR that identified the Sleeping Giant zone which which appears bigger,albeit,lower grade but of a fair size:
from a poster on a financial site
http://www.northern-tiger.com/i/misc/3AceHighGradeGoldVein.jpg
..............................................................
"The average gold assay from the nine samples was 1,762.4 grams/tonne (51.4 ounces/ton). Each sample weighed in excess of two kilograms. The samples were collected from a five-metre-by-15-metre area. Three of the samples were collected from different locations on the outcropping vein and six samples were collected from float boulders located down slope from the vein. The native gold is distributed as disseminations and fracture coatings and fillings within massive white crystalline quartz vein material. Grab samples are selective by nature and are unlikely to represent average grades for the property. In addition, investors are cautioned that all samples containing course native gold should be considered to have an inherent "nugget effect."
...............................................................
There was an extensive historic soil survey map and further ground work by NTR that identified the Sleeping Giant zone which which appears bigger,albeit,lower grade but of a fair size:
from a poster on a financial site
diese woche raus. Koente es moeglisch sein das sie nicht gut sind?
Sample
Type
Gold Assay
(grams/ton)
Gold Assay
(ounces/ton)
I034662
Vein
4,820.60
140.60
I034659
Float
4,259.31
124.23
I034658
Float
2,477.09
72.25
I034656
Float
2,063.56
60.19
I034660
Float
1,416.59
41.32
I034657
Vein
591.65
17.26
I034661
Float
119.66
3.49
I034654
Float
83.58
2.44
The average gold assay from the nine samples was 1,762.4 grams/tonne (51.4 ounces/ton). Each sample weighed in excess of two kilograms. The samples were collected from a 5 metre (downslope) by 15 metre (along slope) area. Three of the samples were collected from different locations on the outcropping vein and six samples were collected from float boulders located down slope from the vein. The native gold is distributed as disseminations and fracture coatings and fillings within massive white crystalline quartz vein material. Grab samples are selective by nature and are unlikely to represent average grades for the property. In addition, investors are cautioned that all samples containing course native gold should be considered to have an inherent "nugget effect".
Sample
Type
Gold Assay
(grams/ton)
Gold Assay
(ounces/ton)
I034662
Vein
4,820.60
140.60
I034659
Float
4,259.31
124.23
I034658
Float
2,477.09
72.25
I034656
Float
2,063.56
60.19
I034660
Float
1,416.59
41.32
I034657
Vein
591.65
17.26
I034661
Float
119.66
3.49
I034654
Float
83.58
2.44
The average gold assay from the nine samples was 1,762.4 grams/tonne (51.4 ounces/ton). Each sample weighed in excess of two kilograms. The samples were collected from a 5 metre (downslope) by 15 metre (along slope) area. Three of the samples were collected from different locations on the outcropping vein and six samples were collected from float boulders located down slope from the vein. The native gold is distributed as disseminations and fracture coatings and fillings within massive white crystalline quartz vein material. Grab samples are selective by nature and are unlikely to represent average grades for the property. In addition, investors are cautioned that all samples containing course native gold should be considered to have an inherent "nugget effect".
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GMV MINERALS INC.GMV:CA 0.445 0.00
Today 5d 1m 3m 1y 5y 10y
Detailed Chart... GMV MINERALS INC. SIGNS AGREEMENT TO CONDUCT MAGNETIC AND RADIOMETRIC AIRBORNE GEOPHYSICAL SURVEY
/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES/
VANCOUVER, Nov. 1 /CNW/ - GMV Minerals Inc. (the "Company" or "GMV") (TSX-V: GMV) is pleased to announce that it has engaged Geotech Limited ("Geotech") to fly a Fixed Wing Magnetic and Radiometric geophysical survey for approximately 21,500 line-kms over GMV's most prospective properties in Guyana, South America. The agreement also contains the option to survey up to an additional 12,500 line-kms in the highly prospective 5-Star/Matthews Ridge area in the north-west region. The survey is scheduled to commence within the next two weeks and last approximately 8-12 weeks.
GMV Minerals has acquired up to a 100% interest in certain mineral rights located in several gold producing areas within Guyana. The aggregate area represents approximately 850 square miles. The survey areas that will be initially flown include the upper and lower Puruni Shear, Aurora Back, Mara Mara, Oko and Waini River project.
Geotech has been conducting airborne surveys for nearly 30 years on a world-wide basis including over jungle terrain similar to Guyana. Resulting data from the airborne magnetics and radiometrics survey is expected to facilitate geologic mapping, particularly structural and alteration patterns related to Au mineralization.
GMV Minerals is also pleased to confirm that it has contracted Christopher (Kit) Campbell, P. Geo. to oversee and interpret results of the airborne geophysical survey. Mr. Campbell, a recognized leading expert in the field, will be on hand to interpret the data which will be furnished to the Company on a daily basis. He will integrate those results with data to be acquired from the previously announced 3D IP ground geophysical program consisting of ~100 km on selected targets.
Mr. Campbell has been instrumental in many geophysical discoveries including the Churchill project Diamond discoveries, NU; Hope Downs Fe in Western Australia, as well the Lamelee and Peppler Fe projects in Quebec. Mr. Campbell has also participated as the project geophysicist in recent activity at Homestake Ridge Au, Ag in northwestern BC; SMP Project, Au delineation mapping in Tanzania, Mt. Kare Au exploration in PNG, as well as the original mapping and interpretation of airborne geophysics on the Sabodala Au project, Senegal.
The technical information disclosed in this press release has been reviewed and verified by R.A. Lunceford, who is independent of the Company and a "qualified person" (as such term is defined in NI 43-101).
GMV MINERALS INC.GMV:CA 0.445 0.00
Today 5d 1m 3m 1y 5y 10y
Detailed Chart... GMV MINERALS INC. SIGNS AGREEMENT TO CONDUCT MAGNETIC AND RADIOMETRIC AIRBORNE GEOPHYSICAL SURVEY
/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES/
VANCOUVER, Nov. 1 /CNW/ - GMV Minerals Inc. (the "Company" or "GMV") (TSX-V: GMV) is pleased to announce that it has engaged Geotech Limited ("Geotech") to fly a Fixed Wing Magnetic and Radiometric geophysical survey for approximately 21,500 line-kms over GMV's most prospective properties in Guyana, South America. The agreement also contains the option to survey up to an additional 12,500 line-kms in the highly prospective 5-Star/Matthews Ridge area in the north-west region. The survey is scheduled to commence within the next two weeks and last approximately 8-12 weeks.
GMV Minerals has acquired up to a 100% interest in certain mineral rights located in several gold producing areas within Guyana. The aggregate area represents approximately 850 square miles. The survey areas that will be initially flown include the upper and lower Puruni Shear, Aurora Back, Mara Mara, Oko and Waini River project.
Geotech has been conducting airborne surveys for nearly 30 years on a world-wide basis including over jungle terrain similar to Guyana. Resulting data from the airborne magnetics and radiometrics survey is expected to facilitate geologic mapping, particularly structural and alteration patterns related to Au mineralization.
GMV Minerals is also pleased to confirm that it has contracted Christopher (Kit) Campbell, P. Geo. to oversee and interpret results of the airborne geophysical survey. Mr. Campbell, a recognized leading expert in the field, will be on hand to interpret the data which will be furnished to the Company on a daily basis. He will integrate those results with data to be acquired from the previously announced 3D IP ground geophysical program consisting of ~100 km on selected targets.
Mr. Campbell has been instrumental in many geophysical discoveries including the Churchill project Diamond discoveries, NU; Hope Downs Fe in Western Australia, as well the Lamelee and Peppler Fe projects in Quebec. Mr. Campbell has also participated as the project geophysicist in recent activity at Homestake Ridge Au, Ag in northwestern BC; SMP Project, Au delineation mapping in Tanzania, Mt. Kare Au exploration in PNG, as well as the original mapping and interpretation of airborne geophysics on the Sabodala Au project, Senegal.
The technical information disclosed in this press release has been reviewed and verified by R.A. Lunceford, who is independent of the Company and a "qualified person" (as such term is defined in NI 43-101).
Northern Tiger, they hit!! How much is nugget effect and how does the market take it?? Will have to see, I reduced against the flush but still have some skin in that game:
November 4, 2010
Northern Tiger Resources Announces Significant Gold Discovery at 3Ace Property, Yukon
14.8 g/t gold over 10.9 metres, including 145.2 g/t over 1.05 metres
EDMONTON, ALBERTA--(Marketwire - Nov. 4, 2010) - Northern Tiger Resources Inc. ("Northern Tiger" or the "Company") (TSX VENTURE:NTR) is pleased to announce a significant new gold discovery at the 3Ace Property in the southeast Yukon. Results have been received for three diamond drill holes that tested the Main Zone (results for six holes testing the Sleeping Giant Zone are pending). Two of the holes, collared 60 metres apart, intercepted high-grade gold over appreciable widths and the zone is open in all directions. Intercepts include:
Hole # Interval (m) Width (m) Gold (g/t)
--------------------------------------------------
3A-10-01 49.1 - 79.4 30.3 4.3
Including 50.2 - 58.4 8.2 13.5
Including 78.2 - 79.4 1.2 10.3
3A-10-02 24.6 - 35.5 10.9 14.8
Including 28.15 - 29.20 1.05 145.2
"Our drilling has demonstrated that gold mineralization in the Main Zone extends across significantly thicker intervals than the metre wide surface expression of the Discovery Vein, confirming the presence of a much larger scale mineralized system," says Greg Hayes, President of Northern Tiger. "These initial drill results compare very favourably with discovery holes reported from other recent Yukon gold finds such as Underworld Resources Inc's Golden Saddle Zone and Atac Resources Ltd's Tiger Zone. The very encouraging initial drill results following on the heels of a 2010 surface exploration program that identified multiple high-grade gold occurrences over an extensive area has management very enthused about the gold potential at 3Ace."
Three holes totaling 299 metres were collared at the Main Zone. Hole 3A-10-01 (102 metres) tested the northernmost outcrop of the Discovery Vein identified to date. It was collared 60 metres north-east of the outcrop and drilled at a -55 degrees dip. Holes 3A-10-02 (96 metres) and 3A-10-3 (101 metres) were drilled from a single set-up, located approximately 60 metres south of and along strike from Hole 3A-10-01. These holes, collared approximately 20 metres east of the outcrop, tested the southernmost outcrop of the Discovery Vein identified to date. Hole 3A-10-02 was drilled at a -55 degrees dip and Hole 3A-10-03 was drilled at a -75 degrees dip.
Mineralization was hosted in quartz veins and intensely fractured quartz pebble conglomerate with abundant quartz flooding +/- additional quartz veining. Mineralized veins contained up to 4% arsenopyrite. The highest grade gold intercepts were also closely associated with clay altered sheared phyllite. Visible gold was noted in the high grade intercept in Hole 3A-10-02 (28.15 - 29.20 metres). In addition to the high-grade intercepts noted above, two mineralized intercepts were also returned from Hole 3A-10-03: 11.4 metres of 0.73 g/t gold (from 31.4) metres, and 9.0 metres of 0.68 g/t gold (from 51.9 metres).
A map showing the Main Zone drill hole locations and intercepts is available at www.northern-tiger.com.
This News Release has been reviewed and approved by Carl Schulze, B.Sc., P.Geol., the Qualified Person as defined by NI 43-101. All rock and drill core samples were analyzed by Inspectorate America Corporation of Richmond, British Columbia using 50 gram fire assay and 50-element, 4-acid ICP analysis. Soil and silt samples were also analyzed by Inspectorate, using 30-gram fire assay analysis. When visible gold is noted in drill core samples or regular fire assay values appear abnormally high, the pulp and screen metallic assay method is used to determine the total gold content and gold contents of different size fractions. This is considered industry best practice when dealing with coarse gold mineralization where a nugget effect is suspected. This determination is accepted as the most representative value and is used in the assay database.
Northern Tiger Resources Inc. is a Canadian-based resource exploration company focused on gold and copper exploration in the Yukon. Through its exploration alliance with Capstone Mining Corp.'s wholly owned subsidiary, Minto Explorations Ltd., Northern Tiger benefits from a wide range of experience, knowledge and capabilities from early exploration to mine production.
This news release may contain forward looking statements, being statements which are not historical facts, including, without limitation, statements regarding potential mineralization, exploration results, resource or reserve estimates, anticipated production or results, sales, revenues, costs, "best-efforts" financings or discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company's expectations are in Company documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CONTACT INFORMATION:
November 4, 2010
Northern Tiger Resources Announces Significant Gold Discovery at 3Ace Property, Yukon
14.8 g/t gold over 10.9 metres, including 145.2 g/t over 1.05 metres
EDMONTON, ALBERTA--(Marketwire - Nov. 4, 2010) - Northern Tiger Resources Inc. ("Northern Tiger" or the "Company") (TSX VENTURE:NTR) is pleased to announce a significant new gold discovery at the 3Ace Property in the southeast Yukon. Results have been received for three diamond drill holes that tested the Main Zone (results for six holes testing the Sleeping Giant Zone are pending). Two of the holes, collared 60 metres apart, intercepted high-grade gold over appreciable widths and the zone is open in all directions. Intercepts include:
Hole # Interval (m) Width (m) Gold (g/t)
--------------------------------------------------
3A-10-01 49.1 - 79.4 30.3 4.3
Including 50.2 - 58.4 8.2 13.5
Including 78.2 - 79.4 1.2 10.3
3A-10-02 24.6 - 35.5 10.9 14.8
Including 28.15 - 29.20 1.05 145.2
"Our drilling has demonstrated that gold mineralization in the Main Zone extends across significantly thicker intervals than the metre wide surface expression of the Discovery Vein, confirming the presence of a much larger scale mineralized system," says Greg Hayes, President of Northern Tiger. "These initial drill results compare very favourably with discovery holes reported from other recent Yukon gold finds such as Underworld Resources Inc's Golden Saddle Zone and Atac Resources Ltd's Tiger Zone. The very encouraging initial drill results following on the heels of a 2010 surface exploration program that identified multiple high-grade gold occurrences over an extensive area has management very enthused about the gold potential at 3Ace."
Three holes totaling 299 metres were collared at the Main Zone. Hole 3A-10-01 (102 metres) tested the northernmost outcrop of the Discovery Vein identified to date. It was collared 60 metres north-east of the outcrop and drilled at a -55 degrees dip. Holes 3A-10-02 (96 metres) and 3A-10-3 (101 metres) were drilled from a single set-up, located approximately 60 metres south of and along strike from Hole 3A-10-01. These holes, collared approximately 20 metres east of the outcrop, tested the southernmost outcrop of the Discovery Vein identified to date. Hole 3A-10-02 was drilled at a -55 degrees dip and Hole 3A-10-03 was drilled at a -75 degrees dip.
Mineralization was hosted in quartz veins and intensely fractured quartz pebble conglomerate with abundant quartz flooding +/- additional quartz veining. Mineralized veins contained up to 4% arsenopyrite. The highest grade gold intercepts were also closely associated with clay altered sheared phyllite. Visible gold was noted in the high grade intercept in Hole 3A-10-02 (28.15 - 29.20 metres). In addition to the high-grade intercepts noted above, two mineralized intercepts were also returned from Hole 3A-10-03: 11.4 metres of 0.73 g/t gold (from 31.4) metres, and 9.0 metres of 0.68 g/t gold (from 51.9 metres).
A map showing the Main Zone drill hole locations and intercepts is available at www.northern-tiger.com.
This News Release has been reviewed and approved by Carl Schulze, B.Sc., P.Geol., the Qualified Person as defined by NI 43-101. All rock and drill core samples were analyzed by Inspectorate America Corporation of Richmond, British Columbia using 50 gram fire assay and 50-element, 4-acid ICP analysis. Soil and silt samples were also analyzed by Inspectorate, using 30-gram fire assay analysis. When visible gold is noted in drill core samples or regular fire assay values appear abnormally high, the pulp and screen metallic assay method is used to determine the total gold content and gold contents of different size fractions. This is considered industry best practice when dealing with coarse gold mineralization where a nugget effect is suspected. This determination is accepted as the most representative value and is used in the assay database.
Northern Tiger Resources Inc. is a Canadian-based resource exploration company focused on gold and copper exploration in the Yukon. Through its exploration alliance with Capstone Mining Corp.'s wholly owned subsidiary, Minto Explorations Ltd., Northern Tiger benefits from a wide range of experience, knowledge and capabilities from early exploration to mine production.
This news release may contain forward looking statements, being statements which are not historical facts, including, without limitation, statements regarding potential mineralization, exploration results, resource or reserve estimates, anticipated production or results, sales, revenues, costs, "best-efforts" financings or discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company's expectations are in Company documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CONTACT INFORMATION:
www.kereport.com/dailyshow/daily-nov0410-seg2.html
www.kereport.com/dailyshow/daily-nov0210-seg1.html
www.kereport.com/dailyshow/daily-nov0210-seg1.html
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