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Maple Gold Mines with up to four million ounces proved up still trading at 6-7c. On the Cdn exchange I see support has come in at 6.5c. ✔️
Maple Gold Inc. Trading at an EV/oz of only US$8/oz vs. current gold price of US$2,178/oz with significant and funded organic growth catalysts in the near-term.
Americas Gold and Silver Corporation Drills Bonanza Grade at Galena Complex
👍👍
WORLD NEWS $Gold Price Closes At Record High -
https://kingworldnews.com/gold-price-closes-at-another-record-high-but-look-at-this/
SUPREME COURT RULES ON TRUMP BALLOT CASE TRUMP WINS
https://rumble.com/v4haeoh-supreme-court-rules-on-trump-ballot-case-trump-wins.html
World News - Sean Hannity: Trump scored a major victory today
Fox News
11.1M subscribers
12 years in the making. $GLD 🥇
— TrendSpider (@TrendSpider) March 3, 2024
Weekly newsletter out tomorrow, sign up for free.
📬 https://t.co/QzvevHvbNs pic.twitter.com/KmlPSJVegT
Monument Mining Limited (MMTMF) (MMY) @ in Toronto, PDAC’s 2024 Convention from March
3-6 in Toronto, Welcome to Booth No. 3050
https://www.monumentmining.com
https://monumentmining.com/news-media/photo-gallery/
https://www.pdac.ca/convention/exhibits/exhibitor-directory#m
$Monument Mining Ltd. 2024 Price Target is now $0.43 US
That would be about $0,55 in CAD..
https://www.marketwatch.com/investing/stock/mmtmf/analystestimates
Comment on this Post
$Monument Announces Update at the Selinsing Gold Mine in Malaysia
Monument Mining
Thu, January 18, 2024 at 9:33 p.m. EST
https://ca.finance.yahoo.com/news/monument-announces-selinsing-gold-mine-023300139.html
19,000 ounces Produced, 15000 ounces Sold
Imagine what this mine will do when fully tuned to capacity ..
tdate, the flotation plant has produced over 16,000 tonnes of concentrates at a grade of 37 grams per tonne gold.
( 16,000 tons times 1.2 ounces per ton = 19,000 ounces valued at $45 m in CAD
Shipments have been made to three separate buyers, and negotiations continue with several potential new customers.
To date, over 12,500 tonnes of concentrate have been delivered to Johor and Port Klang free zones.
( 12500 tons times 1.2 ounces per ton = 15,000 ounces worth $37 million in CAD
Export permits have been renewed with the relevant state authorities as required
. Transport of the latest delivery of 3,500 wet metric tonnes to Port Klang free zone has been completed with vessel to depart in mid-January, 2024.
( 3500 tons times 1.2 ounces per ton = 4200 ounces worth $11 m cad
Sale of a further 3,000 tonnes of concentrate currently available has been finalized, and shipment preparation of the concentrate to the port is in progre
3000 tons times 1.2 ounces per ton = 3600 ounces worth $9 milliin cad
Add it all up.
We are coming along a bit slower than expected but we are well into robust cash flows and increasing our cash balance
by nozzpackon Jan 19, 2024
$Murchison Historical Resources The Murchison portfolio contained historical resources of -
644koz at the time of acquisitions.
Monument is systematically performing all the necessary work to convert and validate these historical
resources into current resources under NI43-101 guidelines.
A breakdown of the historical resources is detailed in the table below
NI 43-101-Indicated Resources 293 koz Au NI 43-101-Inferred Resources 88 koz Au Historical Resources** 644 koz Au
https://monumentmining.com/news-media/news/2023/monument-reports-fourth-quarter-and-fiscal-2023-results-gross-revenue-of-us-12.39-million-and-cash-cost-of-us-917-oz-for-gold/
$Monument Mining Ltd:
Welcome Some good pics from the plants -
https://monumentmining.com/news-media/photo-gallery/
https://investorshub.advfn.com/Monument-Mining-Ltd-MMY-13403
https://monumentmining.com
https://monumentmining.com/news-media/photo-gallery/
https://monumentmining.com/investors/presentation/
https://monumentmining.com/news-media/news/
1y Target Est 0.43
https://finance.yahoo.com/quote/MMY.V?p=MMY.V&.tsrc=fin-srch
$Murchison Gold Mine Mill -
$Gold Legal Tender GOD'S Real Money -
$GOD We Trust - Real Money - AU Safety 6000yrs
$Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -[
Prayers TIA.
http://www.biblebelievers.org.au/monie.htm
https://www.usdebtclock.org/
God Bless
Amen
Abcourt Mines (ABMBF) (TSXV:ABI) - Can Abcourt Unlock High-Grade Gold Potential -
Abcourt Mines (TSXV:ABI) - Self-Funded High-Grade Gold Mill Expands -
Kalo Gold $KLGDF gonna be lit if they hit in 2024
https://kalogoldcorp.com/2023/12/11/exploration-update-of-vatu-aurum-gold-project-fiji/
2023-07-17 | TSX:USA | Press Release | Americas Gold and Silver Corporation says production up 92% and share price at all time low 👀
SW Prayers Bro TIA - GOD'S $Gold at $2,000: With No Israel-Hamas Endgame, $Gold Is Looking at This New Record High — Gary Wagner
Kitco NEWS
605K subscribers
Maple Gold Mines with over 3 million ozs in the ground has been beaten down to 5c per share. I’ve been buying 👀
Prayers TIA - $Monument Mining Ltd (MMY) (MMTMF) It's Finally Happening! Is This What's Happening -
With Gold Prices -
Andrew Maguire
Finance Log in October 2023,
15.1K subscribers
A MAJOR supporting this little miner!
Maple Gold Mines Ltd. is a Canada-based advanced exploration company. The Company is primarily involved in the exploration of mineral resources in Canada. Its projects include Joutel Gold Project, Douay Gold Project, Eagle Mine Project, and Morris Project. The Joutel Gold Project is 100% owned by the 50/50 joint venture between Maple Gold and Agnico Eagle Mines Limited (Agnico).
KLGDF
tiny market cap
found more gold
not much liquidity
ran hard last time it went up
could run really hard in flight to gold
$Gold: A Journey With Idris Elba
World Gold Council
135K subscribers
Argonaut Gold Inc.'s (TSE:AR) largest shareholders are individual investors with 56% ownership, hedge funds own 29%
TODAY UP ABOUT 35%
Cerrado Gold Inc V.CERT
Alternate Symbol(s): CRDOF
Larvas gold (LGC.V) nice move so far today.
Stock up $0.21 to $1.56.
Doesn’t take much for this stock to move higher.
Private placement to close tomorrow. Excellent private placement and NO warrants.
Low float with most shares held by insiders and institutions like Eric Sprott.
They should announce further drilling near discovery hole.
This could be a major discovery unfolding before our eyes with excellent share structure.
JMO. Do your own DD but don’t miss the boat.
Lavras gold V.LGC dropped to PP price $1.35.
Now recovering. Needs to close above $1.50 today.
Unfortunate but non unexpected.
This is how these Canadian stocks work.
The chart shows hammer candle if closes above $1.50 which would be extremely bullish.
Just need PP to close and news about further drilling.
Let’s see lGCFF $2 US by EOD.
I think they might have a major discovery unfolding here.
JMO.
LGC.V just announce a private placement with excellent terms which are unheard of for junior gold mining stocks.
Price PP at 1.35 with no warrants.
Insiders must know they have something special.
I think the stock gets more excitement when the PP closes and they announce huge drill program.
JMO.
Really exciting drill results from Lavras in Brazil.
Hit a very nice hole. Blind discovery just adjacent to known gold resource.
Lavras Gold Corp (2)
Symbol LGC
Shares Issued 41,103,869
Close 2023-08-29 C$ 0.83
Recent Sedar Documents
View Original Document
Lavras Gold drills 340m of 1.09 g/t Au at LDS in Brazil
2023-08-29 08:47 ET - News Release
Mr. Michael Durose reports
LAVRAS GOLD DRILLS 340 METRES GRADING 1.09 G/T GOLD AT FAZENDA DO POSTO DISCOVERY
Good, old-fashioned boots-on-the-ground field exploration has yielded a potentially game-changing discovery for Lavras Gold Corp. Drilling at the new Fazenda do Posto discovery on the company's LDS project in southern Brazil has returned assay results with remarkably continuous mineralization of 340 metres grading 1.09 grams per tonne gold from 117 metres, including:
160 metres grading 1.79 g/t gold from 199 metres, including:
27 metres grading 2.07 g/t gold from 208 metres;
68 metres grading 2.09 g/t gold from 293 metres.
Drill hole 23FP002 was collared roughly 150 metres west of the Butia gold deposit, which has a National Instrument 43-101 gold resource of approximately 500,000 ounces.
The hole tested a blind target with no obvious signs of surface mineralization in an area of recessive topography across an interpreted northeast-trending fault. The hole was drilled north on a 20-degree azimuth and a dip of 60 degrees.
"This new discovery on our Fazenda do Posto claim block is a potential game-changer for Lavras Gold," said Michael Durose, Lavras Gold's president and chief executive officer. "It is remarkable that we have discovered a long, continuous, bulk-tonnage, disseminated style of gold mineralization in this intrusive-hosted gold system only 150 metres from the western edge of the Butia gold deposit.
"This is a blind gold discovery associated with an interpreted down-dropped block of rock across a northeast-trending fault. The discovery was made by good, old-fashioned field geology with boots on the ground.
"Congratulations to our entire team in Brazil for this excellent outcome. We have two drill rigs in this target area and will vigorously follow up, with the goal of fast-tracking the process of defining the geometry and grade distribution of this important new discovery."
Join Mr. Durose for an exploration webinar on Aug. 30, 2023, at 11 a.m. ET.
Discussion of drilling results
The Fazenda do Posto discovery is located along the western edge of the Lavras do Sul intrusive complex approximately 4.7 kilometres southwest of the town of Lavras do Sul. Drill hole 23FP002 was collared about 150 metres west of the Butia gold deposit in an area of recessive topography.
A blind discovery
There is no obvious surface expression of this gold discovery. A surface gold-in-soil anomaly occurs immediately to the east of Fazenda do Posto and is associated with the Butia gold deposit.
Butia hosts an NI 43-101-compliant, near-surface gold resource of about 500,000 ounces, as detailed in the NI 43-101 technical report mineral resource for Butia gold prospect dated and effective Jan. 25, 2022. The report was prepared by VMG Consultoria e Solucoes Ltda. for Lavras Gold and is available on the company's website and on SEDAR+ under Lavras Gold's issuer profile.
The area where drill hole 23FP002 was collared was previously interpreted to be outside of the favourable rocks hosting the Lavras do Sul gold deposits in the Fazenda do Posto granodiorites.
However, a reinterpretation of the previous drill hole information from the Butia gold deposit, combined with field observations that the area west of Butia was associated with recessive topography, and possibly related to a zone of hydrothermal alteration that was causing this recessive feature, was the reason to test this target.
Further interpretation suggested that there was a northeast-trending fault, and that it was possibly related to major crustal-scale structures known in the district. This interpretation was reaffirmed by a drone aeromagnetic survey that Lavras Gold completed in the area.
Drill hole 23FP002 was collared with an azimuth of north 20 and an inclined angle of 60 degrees. The hole encountered 114 metres of overlying cover rock interpreted to be the Fazenda do Posto granodiorite. The bottom of this granodiorite appears to be silicified or albitized. This alteration has almost completely replaced the original quartz and feldspar minerals in the granodiorite. There is virtually no gold detected in this rock, which may be acting as a cap and thereby masking any gold anomalism at surface. The hole then enters a long, continuous interval of gold-mineralized, brick-red-coloured episyenite from 114 metres to 431 metres, with smaller intervals of moderately mineralized perthitic granite. This is followed by mineralized perthitic granite from 431 metres to 453 metres, and then unmineralized perthitic granite to the bottom of the hole at 465 metres.
The highlights of drill hole 23FP002 gold assay results are 340 metres grading 1.09 g/t gold from 117 metres, including:
160 metres grading 1.79 g/t gold from 199 metres, including:
27 metres grading 2.07 g/t gold from 208 metres;
68 metres grading 2.09 g/t gold from 293 metres.
The gold mineralization is hosted in a brick-red-coloured, hydrothermally altered intrusive rock called episyenite, which consists of approximately 95 per cent potassium feldspar, 1 per cent to 3 per cent black, iron-rich chlorite, 1 per cent to 2 per cent millimetre-scale, grey-white carbonate vesicles, and 1 per cent to 3 per cent very-fine-grained-to-fine-grained disseminated and framboidal pyrite and arsenian pyrite.
These disseminated sulphides are intimately associated with black clots of iron-rich chlorite that occur in the matrix to the feldspar minerals.
Significantly, there is no visible quartz in the episyenite, as the rocks are silica undersaturated and the alteration is interpreted to be of alkaline affinity.
Locally, larger cubic pyrite creates a framboidal texture. Occasional crosscutting millimetre-to-centimetre-scale sulphide veinlets result in higher-grade gold values, typically in the four g/t to six g/t range.
While the entire 340-metre interval is gold mineralized, it is very significant that there are long intervals of bulk-tonnage-style, higher-grade gold above two g/t. These higher-grade intervals suggest the hole may be tracking toward a feeder structure, although further drilling is required to confirm this. This new gold discovery is open in all directions.
There are several zones of typically eight to 10 metres of less than 0.20 g/t material usually associated with intervals of perthitic granite. When these low-grade zones are removed from the analysis, the company estimates that the mineralized rock has an average gold grade of 1.35 g/t over 269 metres.
An attached table tabulates the assay results for the mineralized interval of drill hole 23FP002. Sampling was completed on one-metre intervals for the entire length of the drill hole. Three 50-gram aliquots were assayed for each one-metre sample, and the average grade of the three aliquots was used to derive the final gold grade.
Next steps at Fazenda do Posto and Butia
Indications are that a significant gold mineral system is developing at the Fazenda do Posto gold discovery and the adjacent Butia gold deposit.
Two drill rigs are on site testing these areas.
The near-term objective is to define the geometry and gold grade distribution of the Fazenda do Posto discovery and possibly look for more blind discoveries. The second objective is to test for extensions to the mineralized footprint of the Butia gold deposit.
It is noteworthy that the alteration system and gold-in-soil anomaly at Butia extends for more than three kilometres in a southeast-northwest direction, and for greater than two kilometres to the north toward the Galvao and Zeca Souza discoveries. It is also noteworthy that Fazenda do Posto has a higher-grade core of mineralization that could materially enhance the overall economics of a potential mining project.
The medium-term goal is to derisk the Fazenda do Posto discovery and Butia gold deposit, such that a preliminary economic study defining the general scope of a gold-mining project can be prepared.
LDS exploration program marked by exceptional success
In addition to these positive developments, Lavras Gold has had exceptional exploration success since going public in April, 2022. The Caneleira gold discovery has been reinterpreted, and new gold mineral systems have been found at Zeca Souza, Galvao, Matilde, Matilde Extension and Vila Marieta. Although Butia and Fazendo do Posto are developing into the centre of gravity at LDS, the exploration upside on the property is very significant.
Qualified person
Michael Durose, Lavras Gold's president and chief executive officer, is a qualified person as defined by NI 43-101. He has reviewed and approved the scientific and technical information contained in this release.
Quality assurance/quality control
For the Fazenda do Posto discovery, sample handling, preparation and analysis are monitored through the implementation of formal chain-of-custody procedures and quality assurance/quality control programs designed to follow industry best practices.
All drill hole samples in this drilling program consist of split NQ diamond drill core.
Drill core is logged and sampled in a secure facility located in Lavras do Sul, Rio Grande do Sul state, Brazil. Drill core samples for gold assay are cut in half, using a diamond saw, and submitted to ALS Laboratories Inc. in Goiania, Goias state, Brazil, for preparation by crushing to 85 per cent passing one millimetre, riffle splitting to obtain 500 g aliquots and pulverizing to 85 per cent passing 75 micrometres.
Pulps are shipped to ALS Laboratories in Lima, Peru, and analyzed by a 50 g fire assay and AAS finish. Three 50 g aliquots are taken for samples in the mineralized zone, and one aliquot is taken in fresh rocks. The average grade of the three aliquots is used to determine the final grade of the mineralized sample.
Certified standards, non-certified blanks and field duplicates are inserted into the sample stream at regular intervals, so that quality assurance/quality control accounted for about 10 per cent of the total samples. Results are routinely evaluated for accuracy, precision and contamination.
Lavras Gold has been targeting larger intersections of greater than 0.25 g/t gold. Intersections that are lower than this threshold may provide exploration insight and may, therefore, be disclosed.
About Lavras Gold Corp.
Lavras Gold is a Canadian exploration company focused on realizing the potential of a multimillion-ounce gold district in southern Brazil. Its Lavras do Sul project is located in Rio Grande do Sul state and is primarily an intrusive-hosted gold system of possible alkaline affinity. More than 23 gold prospects centred on historical gold workings have been identified on the property, which spans more than 22,000 hectares.
We seek Safe Harbor.
© 2023 Canjex Publishing Ltd. All rights reserved.
SW - Pelangio Exploration Inc. (PGXPF) - Activities In Ghana And Canada - Ingrid Hibbard, CEO
Pelangio Exploration (TSXV:PX) Provides Update on Activities In Ghana And Canada
https://stockhouse.com/news/press-releases/2023/09/06/pelangio-exploration-provides-update-on-activities-in-ghana-and-canada
View source version on accesswire.com:
https://www.accesswire.com/781103/pelangio-exploration-provides-update-on-activities-in-ghana-and-canada
Argonaut Gold recently has hit a 52 week high. Analysts targets are $1 plus and a moderate buy rating 📈
Great NEWS; China just SHOCKED the world and the U.S. is in real trouble | Redacted with Clayton Morris Redacted
1.42M subscribers
Gold producer @ 0.045c
Could be a muti-bagger soon enough.
Abcourt Mines Inc. V.ABI
Alternate Symbol(s): ABMBF
Small but positioned for growth...
''Meanwhile, take a look at Abcourt Mines (ABI);
I understand they will begin mining at a 2nd location this year,
and have a good size silver deposit as well as gold.
At the present 4c. per share, it looks like a great value.''
glta
stockwrestler2; Situation Update ~ World War III and the Imminent Collapse of the US Dollar.
Situation Update Published July 16, 2022
https://rumble.com/v1ci0qj-situation-update-world-war-iii-and-the-imminent-collapse-of-the-us-dollar..html
JUDY BYINGTON INTEL: RESTORED REPUBLIC VIA A GCR HUGE UPDATE AS OF JULY 16, 2022 - TRUMP NEWS
Trump News Channel Published July 16, 2022
https://rumble.com/v1chjk7-judy-byington-intel-restored-republic-via-a-gcr-huge-update-as-of-july-16-2.html
UPDATES COMING IN THE NEXT 24H - DONALD TRUMP INITIATED A CONTINUITY OF GOVERNMENT PLAN
Trump News Channel Published July 15, 2022
https://rumble.com/v1ce91j-updates-coming-in-the-next-24h-donald-trump-initiated-a-continuity-of-gover.html?mref=6zof&mrefc=8
Clif High: The Jabbed Are About To Get A Rude Awakening!
Patriot Movement Published July 15, 2022
https://rumble.com/v1ceigp-clif-high-the-jabbed-are-about-to-get-a-rude-awakening.html
BIG SITUATION SHOCKING NEWS & JUDY BYINGTON INTEL UPDATE TODAY 07/11/2022 - TRUMP NEWS
Trump News Channel Published July 15, 2022
https://rumble.com/v1ce7lv-big-situation-shocking-news-and-judy-byington-intel-update-today-07112022-t.html
PRESIDENT DONALD J. TRUMP LIVE FROM PRESCOTT, AZ JULY 22ND, 2022
by RSBN Studio
07/13/22
President Donald J. Trump, 45th President of the United States of America, will be
joined by endorsed candidates, members of the Arizona congressional delegation,
and other special guests on Saturday, July 22, 2022, in Prescott Valley, AZ.
This Save America rally is a continuation of President Trump’s unprecedented effort
to advance the MAGA agenda by energizing voters and highlighting America First candidates and causes.
((( Saturday, July 22, 2022, at 4:00 PM MST )))
President Donald J. Trump, 45th President of the United States of America, Delivers Remarks
https://www.rsbnetwork.com/video/president-donald-j-trump-live-from-prescott-az-july-16th-2022/?mc_cid=d10c22f780&mc_eid=a19c8148b2
Venue:
Findlay Toyota Center
3201 Main St.
Prescott Valley, AZ 86314
Special Guest Speaker:
Kari Lake, Trump Endorsed Candidate for Governor of Arizona
Blake Masters, Trump Endorsed Candidate for U.S. Senate in Arizona
Abe Hamadeh, Trump Endorsed Candidate for Attorney General of Arizona
State Rep. Mark Finchem, Trump Endorsed Candidate for Secretary of State of Arizona
and State Representative from Arizona’s 11th District
Sheriff Mark Lamb, Pinal County Sheriff
Kelli Ward, Chairwoman of the Republican Party of Arizona
Mike Lindell, Inventor and CEO of My Pillow
Timeline of Events:
6:00AM – Parking and Line Opens
11:00AM – Doors Open and Entertainment Begins
1:00PM – Special Guest Speakers Deliver Remarks
4:00PM – 45th President of the United States Donald J. Trump Delivers Remarks
General Admission Tickets:
REGISTER HERE
Request Media Credentials:
REGISTER HERE
All requests for media credentials must be submitted by Thursday, July 14, 2022, at 4:00PM MST.
https://www.rsbnetwork.com/video/president-donald-j-trump-live-from-prescott-az-july-16th-2022/?mc_cid=d10c22f780&mc_eid=a19c8148b2
CDD; SOUND THE ALARM! DECISION SOON? DURHAM MOVES! BIDEN EXPOSURE! NATO EXPOSED! NOW! PRAY!
Trump News Channel Published July 15, 2022
https://rumble.com/v1ce6ot-7.14.22-sound-the-alarm-decision-soon-durham-moves-biden-exposure-nato-expo.html
Are Corrupt Feds Distracting Us From The Truth About Everything? | Justinformed News
Patriot Movement Published July 15, 2022
https://rumble.com/v1cbzon-are-corrupt-feds-distracting-us-from-the-truth-about-everything-justinforme.html
ATTENTION! Dr. 'Judy Mikovits' "WARNING TO HUMANITY" 'David Nino Rodriguez' Interview
AndreCorbeil Published July 12, 2022
https://rumble.com/v1c1qal-attention-dr.-judy-mikovits-warning-to-humanity-david-nino-rodriguez-interv.html
US Navy Revolt Slams Biden Secret Plot To Oust Over 500,000 Troops
https://www.whatdoesitmean.com/index3977.htm
Iran Plotting to Assassinate Trump and Pompeo in Revenge for Soleimani Killing, US Intel Leak Shows
David HawkinsJuly 14, 20222 Comments
https://slaynews.com/news/us-intel-leak-says-iran-plotting-to-assassinate-donald-trump-and-mike-pompeo-in-revenge-for-soleimani-drone-strike/
2000 MULES BY DINESH D’SOUZA DOCUMENTARY - best news here
This is the official 2000 Mules movie.“2000 Mules,” a documentary film created
by Dinesh D’Souza, exposes widespread, coordinated voter fraud in the 2020
election, sufficient to change the overall outcome. Drawing on research provided
by the election integrity group True the Vote, “2000 Mules” offer..
https://bestnewshere.com/2000-mules-by-dinesh-dsouza-documentary/
THE EU FINALLY ADMITS THE VACCINE DESTROYS YOUR IMMUNE SYSTEM COMPLETELY - TRUMP NEWS
Trump News Channel Published July 10, 2022
https://rumble.com/v1bqnvt-the-eu-finally-admits-the-vaccine-destroys-your-immune-system-completely-tr.html
$CH Excellent Video Thanks;
https://live.aflds.org/
God Bless America
Amen
Montanore; Gold rises as G7 nations move to ban bullion imports from Russia
SECTIONSGold rises as G7 nations move to ban bullion imports from
RussiaReutersLast Updated: Jun 27, 2022, 07:20 AM IST
https://economictimes.indiatimes.com/markets/commodities/news/gold-rises-as-g7-nations-move-to-ban-bullion-imports-from-russia/articleshow/92479901.cms
Biden, G-7 Will Ban Russian Gold Imports
Tyler Durden's Photo
BY TYLER DURDEN
SUNDAY, JUN 26, 2022 - 01:56 PM
the biggest buyers of gold in recent years have not been G7 countries (United
States, France, Canada, Germany, Japan, the United Kingdom and Italy), many of
whom naively sold much if not all their gold in the recent past and have refused or
simply don't have the funds to restock;
instead purchases have all been by developing nation central banks (like India
and Turkey, and of course China which however has a habit of only revealing its
true gold inventory every decade or so) who have been quietly preparing to do
what Russia is doing by dedollarizing and instead allocating capital into a
counterparty-free asset.
https://www.zerohedge.com/markets/biden-g-7-will-ban-russian-gold-imports
BTW. Do Your Own Due Diligence;
$TPRFF, $MMY, $MMTMF, $AGI, $AEM, $GGGOF, $GPL; , 10 Bagger Gold Mines Producer, oversold, undervalued Au-Bargain
IMO!
BRICS MEMBERS CHINA, RUSSIA, INDIA, SOUTH AFRICA & BRAZIL WANT:
GOLD STANDARD; THE REAL LEGAL MONEY:
https://www.cs.mcgill.ca/~rwest/wikispeedia/wpcd/wp/g/Gold_standard.htm#:~:text=Advocates%20of%20a%20variety%20of,basis%20for%20a%20monetary%20system.
Very Interesting take on why Russia invaded Ukraine only 4 minutes
Q&A Round
flemsnopes watch; Monument Mining (TSXV:MMY) to process sulphide ore as it seeks potential
acquisition
From the Floor, PDAC 2022
TSXV:MMY $32.68M
Caroline Egan
caroline.egan@themarketherald.ca
14 June 2022 12:45 (EDT)
https://themarketherald.ca/monument-mining-tsxvmmy-to-process-sulphide-ore-as-it-seeks-potential-acquisition-2022-06-14/?utm_source=stockhouse.com&utm_medium=widget&utm_campaign=stockhouse.com%7Cwebpart_news%7Cquote_tab
Monument Mining’s (TSXV:MMY) President and CEO, Cathy Zhai, joined The
Market Herald’s Brieanna McCutcheon at PDAC 2022 to share exciting news
about its Selinsing Gold Property near Kuala Lumpur.
The company is planning to process sulphide ore into gold concentrate at
Selinsing by January 2023 with a projected life of mine of six years.
A processing plant is finalized and almost ready to capitalize on gold resources of
880,000 ounces and reserves of 267,000 ounces at 1.45 grams per tonne.
Drilling at its Murchison Gold Property in Australia is also underway exploring a
historical resource of 644,000 ounces and a recently reported resource
of 293,000 ounces.
The company’s latest assay results from drilling include a substantial grade
of 32 grams of gold per tonne over 4.00 metres.
Monument’s main focus is to top up its gold inventory and production capabilities,
as well as evaluate potential acquisition opportunities to enhance shareholder
value.
Zhai intends to identify potential targets while at PDAC for future due diligence.
The company stated it already has interested buyers for its gold concentrate as it
prepares to ramp up production.
This is in line with Zhai’s strong short-term outlook for the price of gold, which she
sees potentially topping out around US$2,000 per ounce from current levels.
bigone, also from the Monument Mining presentation
Murchinson , they found visible gold in deep, and Less than 5% of drilling deeper
than 100m
below photo shows
visible gold sighted in RC hole 12BNRC050 at 219m downhole at NOA 1
https://monumentmining.com/site/assets/files/4303/mmy_corporate_presentation-june_2022.pdf
New Report on Monument Mining
Just out .......
https://mcusercontent.com/016f8ca9d605c08aebe85bf54/files/aeae0c99-98cf-64cc-9034-2e29a3bb6ad1/Monument_Mining_June_2022_Initiating.pdf
https://monumentmining.com/investors/presentation/
https://monumentmining.com/
$In GOD We Trust - Real Money - AU Safety 6000yrs )
https://www.kitconet.com/images/quotes_7a.gif?1493417496003
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
GOLD STANDARD; THE REAL LEGAL MONEY:
https://www.cs.mcgill.ca/~rwest/wikispeedia/wpcd/wp/g/Gold_standard.htm#:~:text=Advocates%20of%20a%20variety%20of,basis%20for%20a%20monetary%20system.
https://www.usdebtclock.org/
https://www.worldometers.info/coronavirus/country/us/
https://www.whatdoesitmean.com/index.htm
God Bless.
$bigone, from the Monument Mining presentation
murchinson , they found visible gold in deep, and Less than 5% of drilling deeper
than 100m
below photo shows
visible gold sighted in RC hole 12BNRC050 at 219m downhole at NOA 1
https://monumentmining.com/site/assets/files/4303/mmy_corporate_presentation-june_2022.pdf
New Report on Monument Mining
Just out .......
https://mcusercontent.com/016f8ca9d605c08aebe85bf54/files/aeae0c99-98cf-64cc-9034-2e29a3bb6ad1/Monument_Mining_June_2022_Initiating.pdf
https://monumentmining.com/investors/presentation/
https://monumentmining.com/
$In GOD We Trust - Real Money - AU Safety 6000yrs )
https://www.kitconet.com/images/quotes_7a.gif?1493417496003
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
GOLD STANDARD; THE REAL LEGAL MONEY:
https://www.cs.mcgill.ca/~rwest/wikispeedia/wpcd/wp/g/Gold_standard.htm#:~:text=Advocates%20of%20a%20variety%20of,basis%20for%20a%20monetary%20system.
https://www.usdebtclock.org/
https://www.worldometers.info/coronavirus/country/us/
https://www.whatdoesitmean.com/index.htm
God Bless.
$Monument Mining (TSXV:MMY) receives significant results from Murchison Gold
Project Mining
TSXV:MMY $37.54M
Azuka Onwuka
azuka.onwuka@themarketherald.ca
30 May 2022 16:30 (EDT)
https://themarketherald.ca/monument-receives-significant-rc-results-from-phase-2-drilling-programat-the-murchison-gold-project-2022-05-30/?utm_source=stockhouse.com&utm_medium=widget&utm_campaign=stockhouse.com%7Cwebpart_news%7Cnews_tab
Monument Reports Third Quarter Fiscal 2022 ("Q3 FY2022") Results
V.MMY | 2 hours ago
Gross Revenue of US$6.16 Million
and Cash Cost of US$1,835/Oz
VANCOUVER, British Columbia, May 30, 2022 (GLOBE NEWSWIRE) --
Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) “Monument” or the “Company” today announced its production and financial results for the third quarter of fiscal 2022 and the nine months ended March 31, 2022. All amounts are expressed in United States dollars (“US$”) unless otherwise indicated (refer to www.sedar.com for full financial results).
President and CEO Cathy Zhai commented: “In the third quarter our Murchison Gold Project delivered significant assay results from Phase II RC drilling, these results strengthen our resolve that the NOA structure is highly prospective with the potential to expand and upgrade the existing Mineral Resource, which remains open at depth.”
Cathy Zhai continued, “Q3 gold production was improved, and operations brought in more cash with a lean profit margin. It is expected that production continues to be volatile at the end of oxide life of mine. All in sustaining costs (“AISC”) are trending higher from cutbacks and pre-striping work to get access to residual ore to keep milling before completion of the flotation construction.
“We are focusing on putting the new life of mine into production to resume our revenue level. The Selinsing flotation plant construction reached a 49% completion by the end of Q3 with major progress on the earth works, foundations of reagent building and other flotation areas during the quarter. A delay however of delivery for several long lead items is anticipated primarily due to the Shanghai shut down. Some components are held up at the manufactory in that region and the Shanghai international port. Initial estimated delay may round up to three months”.
https://stockhouse.com/news/press-releases/2022/05/30/monument-reports-third-quarter-fiscal-2022-q3-fy2022-results
Greyerz – We Are Witnessing The Bursting Of A $3 Quadrillion Global Bubble
May 29, 2022
https://kingworldnews.com/greyerz-we-are-witnessing-the-bursting-of-a-3-quadrillion-global-bubble/
Monument Mining; Non Capital Forward Tax Loss Pools..Very Valuable Asset
At June 30, 2021, the Company has non-capital loss carryforwards for tax
purposes that are available to reduce future taxable income in Canada of
$44.11 million US ( $ 55 million in CAD ).
These tax loss pools are worth their weight in Gold, as they will protect future
taxable incomes from Sulphide production for many years.
That is, future cash flows will become free cash flows which will be reported as
unencumbered net income.
From a valuation perspective, these non capital forward tax loss pools in their
effect of substantially enhancing future net earnings, will not only increase the
absolute net earnings per peer valuation multiple but will also rapidly insulate and
de risk the balance sheet with robust incoming cash additions .
In short, the heavens are unfolding here with very profitable outcomes for
shareholders ..
by nozzpack
Is A Historic Bull Market In The Mining Shares About To Begin?
https://kingworldnews.com/is-a-historic-bull-market-in-the-mining-shares-about-to-begin/
Monument Mining Ltd. Hard Book. value
Cash, inventory , PPE depreciated at cost less liabilities amount to $65 million US
or about $80 million in CAD.$ ( $0.25 cad per share)
Exploration and Evaluation ( essentially ounces of gold in 43-101 ) is valued at $60
million US or about
$75 million in cad ( $0.22 CAD per share )
Total net asset value is $155 million CAD which is about $0.47 CAD per share.
You May quibble about the E and E valuation , with arguments a bit above or a bit
below , but it would be difficult to offer less than 40 cents in any going private offer
for the company..
Have a great holiday weekend
Nozzpack
Monument Mining VIDEOS
https://monumentmining.com/videos/
INVESTOR PRESENTATION
https://monumentmining.com/investors/presentation/
PHOTO GALLERY
https://monumentmining.com/news-media/photo-gallery/
Peter Grandich: The Most Bullish Precious Metals Setup in my 38-Year Career
https://www.youtube.com/watch?v=Es3xDW5NaUE
$MMY Penny Gold Miner Let's Roll Very Nice NR about Floatation Plant
ORIGINAL: Monument Announces Ground-breaking Ceremony Held at Selinsing For Flotation Construction in Malaysia
2022-03-09 09:30 ET - News Release
VANCOUVER, British Columbia, March 09, 2022 (GLOBE NEWSWIRE) --
$Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) ("Monument" or the "Company") is pleased to report the progress of the flotation plant at the Selinsing Gold Mine in Malaysia, and to announce that a ground-breaking ceremony (Figure 1) has been held at the mine site to herald the return of the principal contractor Seong Henng Engineering Works Sdn Bhd ("Seong Henng") to carry out the construction of the flotation plant.
President and CEO Cathy Zhai commented, "We are very happy to report the progress of the flotation plant construction at Selinsing; our on-site team is managing the project and is overseeing the principal contractor Seong Henng. Together we are working to complete the construction of the flotation plant to a high standard, safely, diligently, on time and on budget ready for dry commissioning at the end of June 2022."
Figure 1: Ground-breaking Ceremony Ribbon Cutting at Selinsing Gold Mine is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2093b803-17fa-495e-9167-279f895ed6c6
Charlie Northfield, General Manager and the project sponsor at the Selinsing Gold Mine commented: "It is a great pleasure to see the return of Seong Henng, our long-standing principal contractor partner, to play a major role in the construction of the flotation plant. Seong Henng is a local Malaysia-based manufacturing Company, and had historically constructed the Selinsing Gold plant and its expansion successfully."
The flotation plant construction includes project management, project validation, flotation design and engineering, procurement, construction and commissioning. The flotation plant construction project is 50% complete to date.
Detailed Engineering Design
Mincore Pty Ltd. ("Mincore") previously completed the detailed engineering design and has now finalized the 3D model of the new flotation processing plant with provision for the future addition of the BIOX(TM) plant and ancillary works (Figure 2).
Figure 2: Finalized 3D Model of Sulphide Flotation Circuit Addition to Selinsing Gold Plant is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/af324d08-9757-45c0-8959-aec4cc231596
Procurement
The contract for the supply of flotation cells was awarded to BGRIMM Machinery and Technology Co Ltd of Beijing, China. Manufacture of the flotation cells has been completed and the factory acceptance tests were successfully carried out on January 25th-26th, 2022. Packing is in progress and the shipment is due to depart Tianjin on March 15th, 2022.
Metso Outotec Corporation of Finland is supplying the flotation concentrate and water recovery thickeners. Fabrication work and parts procurement has commenced. Trial assembly is scheduled for April 12th, 2022 and the thickeners are scheduled to be delivered to site in May / June 2022. The thickeners are of segmented / bolted design to allow for rapid assembly once received on site, as time will be short to complete the installation on time.
The flotation concentrate filter press is being supplied by McLanahan Corporation of Pennsylvania, USA ("McLanahan"). All equipment parts are on order and fabrication is underway with expected completion in March 2022. The filter press assembly is due for completion on April 7th, shipping on April 12th and delivery to site in May/June 2022.
Other equipment that is contracted out includes but not limited to: Slurry pumps with 50% complete and shipment is scheduled for May 9th, 2022, the Afromix agitators have been completed and are expected to arrive in Port Klang, Malaysia on March 28th, 2022. The flotation air blowers and compressor were ordered and are in progress with 30% completion, with delivery scheduled for May 27th, 2022. The contract to design, manufacture, deliver and commission the containerized MCC switch room was awarded with delivery is expected on May 13th, 2022. Purchase orders were also issued for the concentrate sampler and the helical rotor reagent pumps; manufacturing was in progress for both orders. Manufacturing of 11kV / 415V transformer was reported as 100% complete.
Major Construction Contractor Engagement
The dedicated project team is complete and comprises the project manager, assistant project manager, lead engineer, senior engineer, electrical engineer, procurement engineer and clerk of works. The project team oversee the construction work.
Seong Henng has been appointed as the principal contractor. They previously carried out construction work to build and expand Selinsing gold processing plant over the past 10 years. They refurbished and commissioned the CITIC ball mill as part of the first phase gravity-only process plant in 2009; built and commissioned the second phase carbon in leach circuit subsequently in 2010; and constructed/commissioned a new CITIC ball mill and three new leach tanks in 2012 for the third phase plant expansion. Seong Henng received the Letter of Award with a commencement date of January 12th, 2022, a contract period of six months and a completion date of July 7th, 2022.
R&D Work
The completed pilot plant comprises ball mill and classifier, rougher / scavenger flotation cells and three stages of cleaner flotation. (Figure 3). A one tonne sample of transition ore was crushed in the laboratory fine jaw crusher to 100% passing 2mm to provide feed for the pilot plant ball mill. The sample was processed using the same reagent regime planned for the full-scale plant. A total of 50kg of flotation concentrate was produced and a sample of this was sent to McLanahan for filter press testwork. Antimony leaching tests were conducted to support gold concentrates marketing efforts.
Figure 3: Flotation Pilot Plant is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9e4e3edb-1d0a-4230-8190-25405da06139
Civil Foundation Work
Seong Henng mobilized to site on January 22nd, 2022 and commenced delivery of reinforcing steel (rebar), bar bending equipment, formwork, HDPE piping and fusion machine. Temporary benchmarks were set out for survey tie-in.
Civil foundation work is progressing with the construction of the retaining wall extension. Final excavations were completed, rebar and formwork were installed, and the first concrete pour was carried out on February 17th, 2022 (Figure 4). The retaining wall extension is 50% complete to date. Work in this area will continue in parallel with the new reagents mixing building foundations, followed by civil works for the concentrate and water recovery thickeners, reagents warehouse and the filter press building. Fabrication of structural steel and tanks is ongoing at Seong Henng's workshop.
Figure 4: First Concrete Pour at Flotation Foundation is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/db3adc6e-9ec9-46e8-9e99-3b201080fad4
Other contractors working on the construction site have: rerouted the HV power cables to the primary and secondary ball mills, connected power and communications cables to the project office, carried out plate bearing tests over the plant footprint, and tested soil resistivity for the new transformer.
Transition to Flotation
Dry commissioning of the new flotation plant and associated equipment is scheduled to start from June 1st, 2022 onwards. The CIL plant will continue operation until June 30th, 2022. Tie-in and wet commissioning of the flotation plant will commence on July 1st, 2022 and continue to July 14th, 2022. Ore commissioning is expected to start on July 15th, 2022. The gold remaining in circuit will be recovered by emptying the leach and CIL tanks of slurry and bagging the harvested carbon for subsequent elution. The elution circuit will continue to operate for around a month after the CIL plant shutdown.
About Monument
Monument Mining Limited (TSX-V: MMY, FSE:D7Q1) is an established Canadian gold producer that 100% owns and operates the Selinsing Gold Mine in Malaysia and the Murchison Gold Project in the Murchison area of Western Australia. It has 20% interest in Tuckanarra Gold Project jointly owned with Odyssey Gold Ltd in the same region. The Company employs approximately 200 people in both regions and is committed to the highest standards of environmental management, social responsibility, and health and safety for its employees and neighboring communities.
There is no doubt that we have a first class crew at Selinsing
and these new pics shows just how quickly the Floatation plant is
proceeding towards full completion and commissioning right on schedule .
Its production initiation will be the rebirth of Selinsing as a significant gold producer,,
$New Pictures
https://monumentmining.com/news-media/photo-gallery/
What’s Next After Gold’s Massive Breakout?
February 18, 2022
https://kingworldnews.com/whats-next-after-golds-massive-breakout/
$bigone Thanks Great; I’m like others this can triple easy.
I have a strong feeling gold going up with rates, why, most smart money
is getting in, Basil 3 is working, open shorts are closing as we climb,
it’s time. )
$Michael Oliver – Expect $8,000 Gold And $240 Silver With Silver To Radically Outperform Gold
February 14, 2022
https://kingworldnews.com/michael-oliver-expect-8000-gold-and-240-silver-with-silver-to-radically-outperform-gold/
SPROTT: This Is Why Gold Will Break Out To Higher Levels
February 08, 2022
https://kingworldnews.com/sprott-this-is-why-gold-will-break-out-to-higher-levels/
80% OF All US Dollars In Existence Have Been Printed In Just The Past Two Years
January 20, 2022
https://thewashingtonstandard.com/80-of-all-us-dollars-in-existence-have-been-printed-in-just-the-past-two-years/
$THE END OF THE DOLLAR IS JUST ONE ANNOUNCEMENT AWAY
WATCH
https://www.bitchute.com/video/QFBR0FGbAzi2/
$In GOD We Trust - Real Money - AU Safety 6000yrs )
https://www.kitconet.com/images/quotes_7a.gif?1493417496003
http://www.kitconet.com/images/live/au0001wb.gif
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
https://www.usdebtclock.org/
God Bless
$SW thanks; GOLD TARGET $3,100-$7,600: Last Time Gold Had This Setup It Surged 330%!
December 16, 2021
https://kingworldnews.com/gold-target-3100-7600-last-time-gold-had-this-setup-it-surged-330/
$Gold Surges Above $1,800 But This Will Trigger $30 Silver And $2,100 Gold
December 17, 2021
https://kingworldnews.com/gold-surges-above-1800-but-this-will-trigger-30-silver-and-2100-gold/
$Is 2022 The Year For Gold & Silver? If The Central Banks & Private Citizens Keep Buying, It Will Be!
699 views Dec 8, 2021
CBD Life Sciences, Inc. $CBDL Debuts Delta-10 Cartridges @TENAssociates https://finance.yahoo.com/news/cbd-life-sciences-inc-cbdl-110000210.html
$Gold Takedown Fails As Price Of Gold Surges Another $28, Nearing $1,800 Level
https://kingworldnews.com/gold-takedown-fails-as-price-of-gold-surges-another-28-nearing-1800-level/
$Monument Mining (TSXV:MMY) begins drilling gold targets in Australia
Mining
TSXV:MMY $44.01M
Simon Druker
Markets Reporter
simon.druker@themarketherald.ca
20 July 2021 13:00 (EDT)
https://themarketherald.ca/wp-content/uploads/2021/07/shutterstock_1077511751-1-800x430.jpg
$Monument Mining's (MMY) planned exploration drilling program is now underway at its Murchison Gold Project in Western Australia
The first stage of the drill program planned for 18,000 metres and combines aircore and reverse circulation drilling
The program will test new high-quality structural targets beneath cover
Work should continue for the next six to eight months as new targets are identified and evaluated
Monument Mining is up 12.5 per cent, trading at C$0.14 at 12:21 pm ET
Monument Mining's (MMY) planned exploration drilling program is now underway at its Murchison Gold Project in Western Australia.
The first stage of the drill program is planned for 18,000 metres and combines aircore and reverse circulation drilling.
The program will test new high-quality structural targets beneath cover for potential mineralization that may lead to the identification of shallow stand-alone or satellite gold deposits.
The company hopes to supplement the current resource base at the 100-per-cent owned Burnakura gold project.
The progressive nature of the exploration program means work will continue for the next six to eight months as new targets are identified and evaluated for their potential to develop into a new satellite gold deposit.
Once the exploration program is finished, Monument will be in a position to evaluate the entire 170-square-kilometre land package of the Murchison Gold Project. At that point, the Vancouver company will determine the most logical approach in which to advance the project.
"The Monument exploration team is excited to begin drilling after extensive work to identify high quality targets at the Murchison Gold Project. The WA area has been heating up this year with a large amount of exploration work being undertaken, and we are fortunate to get started ahead of schedule having secured a drill rig," said Monument CEO and President Cathy Zhai.
$The Murchison Gold Projects comprises Burnakura, Gabanintha and Tuckanarra Joint Venture, in the Murchison area of Western Australia.
Monument Mining is up 12.5 per cent, trading at C$0.14 at 12:21 pm ET.
Stockhouse logo
Latest News
Monument Commences Drilling Gold Targets at the Murchison Gold Project
GlobeNewswire 1 day ago
Monument Completes Independent Flotation Testwork
GlobeNewswire July 6, 2021
Monument Announces Selinsing Gold Mine in Malaysia Resumes Production
GlobeNewswire July 5, 2021
Monument Announces Covid-19 National Recovery Plan in Malaysia
GlobeNewswire June 30, 2021
Monument Announces Extension to Movement Control Order in Malaysia
GlobeNewswire June 15, 2021
Monument Commences Exploration at the Murchison Gold Project
GlobeNewswire June 14, 2021
More V.MMY news on Stockhouse »
Latest Bullboard Posts
RE:RE:RE:RE:Recent SH interview with Monument CEO
nozz..... it wasn't you....it was Wayned....Richard RE:Recent SH...
5 hours ago
RE:RE:ODY Discovers Two New linked Gold Formations
I`m not sure why Odyssey share price reacts like it does when they report...
5 hours ago
RE:RE:RE:Recent SH interview with Monument CEO
I'm not called Nosepak for nothing. Lol
7 hours ago
RE:RE:Recent SH interview with Monument CEO
Funny world.... you got it, a day before it happened..... nose to the ground......
7 hours ago
Munro Bore and Banderol Fault Junction and Current Drilling
The last great discovery at Burnakura was the NOA 1-8 pits which was based on...
11 hours ago
Munro Bore…..Excerpt from 2007 Giralia Report
Estimate of Approx 15,000 ounces for two of the 4 Zones...I am not aware of...
$Recent SH interview with Monument CEO
https://www.monumentmining.com/site/assets/files/4261/061721-v-mmy_editoral.pdf
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165005641
$NEWS Monument Commences Drilling Gold Targets at the Murchison Gold Project
July 20, 2021
https://www.monumentmining.com/news-media/news/2021/monument-commences-drilling-gold-targets-at-the-murchison-gold-project/
Vancouver, B.C., July 20, 2021,
$Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) “Monument” or the
“Company” is pleased to announce the commencement of a planned
exploration drilling program at the Murchison Gold Project in Western
Australia.
The first stage of the drill program planned for 18,000 metres and
combines aircore (“AC”) and reverse circulation (“RC”) drilling, and is
designed to test new high quality structural targets beneath cover for
potential mineralization that may lead to the identification of shallow
stand alone or satellite gold deposits to supplement the current
resource base at the 100% owned Burnakura gold project.
The progressive nature of the exploration program at Burnakura and
Gabanintha (Figure 1) will see work continue for the next six to eight
months as new targets are identified and evaluated for their potential
to develop into a new satellite gold deposit. At the conclusion of this
exploration program Monument will be in a position to evaluate the
entire 170km2 land package of the Murchison Gold Project and determine,
in an informed manner, the most logical approach in which to advance
the project.
Figure 1: Murchison Gold Project Geology Map showing Burnakura and Gabanintha tenements
https://www.monumentmining.com/news-media/news/2021/monuent-commences-drilling-gold-targets-at-the-murchison-gold-project/
$bigone thanks; Golden cross forms in gold’s chart
Posted on July 8, 2021 by Opinion
MarketWatch/Mark DeCambre/7-6-2021
Gold Price
(Gold price, 50-day and 200-day moving averages)
Overlay chart showing the 50-day and 200-day averages crossing –
a TI bulliish indicator
$bigone thanks; well MMY starting to wakeUP with a lot of great NEWS
after an 8 year long downturn bear trend of gold market -
MMY's 1st bulltrend 2009-11 was strong an if 2nd bulltrend starting....
let's hope it be stronger :))
$NEWS Monument Completes Independent Flotation Testwork
July 6, 2021
Vancouver, B.C., July 6, 2021,
https://www.monumentmining.com/news-media/news/2021/monument-completes-independent-flotation-testwork/
$Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (“Monument” or
the “Company”) is pleased to announce that the independent flotation
testwork undertaken at Bureau Veritas Laboratory (“BV”) in Perth has
successfully replicated the positive results achieved by the on-site
metallurgical laboratory to produce a marketable gold concentrate at
the Selinsing Gold Mine.
CEO and President Cathy Zhai commented: “We are very pleased with the test results that are a milestone step in achieving a sustainable cash supply from our Selinsing gold sulphide inventory by the sale of a sulphide concentrate produced through the planned flotation plant to third parties. The Phase II plant upgrade may follow to construct a BIOX-leaching circuit if deemed economically viable to treat both the Selinsing concentrates and third party concentrates on-site in order to further enhance the revenue level. Our new business model of expanding operations into treating third parties concentrates through a planned BIOX®-leaching circuit continues to be assessed.”
She further added: “We have noted that the recent announcements of tighter Chinese import restriction for the arsenic levels in gold concentrates imply that a number of producers of complex gold concentrates that currently sell into China will be looking for new off-take partners. Consequentially Selinsing’s proposed BIOX® plant could be their new home.”
Flotation Testwork Results Highlights
Gold concentrate produced from fresh sulphide ore contains an average 34g/t of gold from BV testwork, compared to 33.1g/t of gold from the on-site Selinsing testwork;
Gold concentrate produced from transition sulphide ore contains an average 42.5g/t of gold from BV testwork compared to 31.7g/t of gold from the on-site Selinsing testwork;
The arsenic (“As)” contained in gold concentrates was achieved at an average of 5.1% for fresh and 7.0% for transition ores close to the 8% limit that initially set for the testwork program. It can be lowered to 3.5% through concentrate blending.
Final concentrate grades showed elevated antimony (“Sb”) grades in the fresh material (5.7 – 13.3% Sb), but less than 0.2% Sb in the transition ores.
Orway Mineral Consultants (“OMC”) was engaged by the Company to modify the flotation conceptual engineering design that was reported in the Snowden feasibility study in February 2019, in order to produce gold concentrates as a final product for sale instead of a mid-product for further bio-leach treatment to accommodate a two stage approach Sulphide treatment plant expansion strategy.
The independent testwork was carried out from February to May 2021 in Perth, Australia through Bureau Veritas Laboratory (“BV Lab”) under OMC’s supervision. The aim of this testwork was to independently verify the process parameters developed by the on-site laboratory through extensive testwork. Based on the test results, the optimized flotation conceptual engineering design was completed by OMC in June 2021 under the “Sulphide Flotation Circuit Design - Selinsing Gold Project”, including flotation testwork parameters, process design criteria, circuit modelling, engineering design brief and consumables estimates.
Flotation Testwork Parameters
Diamond drilling was conducted at Buffalo Reef pits BRC2, BRC3, BRC4 and BR North to provide samples. BV Lab testwork was designed to ensure repeatability of the on-site testwork and all flotation tests were carried out in duplicate.
The BV Lab testwork has proved that the Selinsing onsite laboratory test results are repeatable in a commercial lab for Fresh and Transition ore (Table 1. Summary of the BV Lab results), and the onsite laboratory recovery numbers can be used by OMC with reasonable confidence for engineering design (refer to news release dated April 27, 2021 “Monument Commences Flotation Plant Work at Selinsing”).
Table 1: Summary of the BV Lab results
https://www.monumentmining.com/news-media/news/2021/monument-completes-independent-flotation-testwork/
$MMY NEWS Monument Announces Selinsing Gold Mine in Malaysia Resumes Production
July 5, 2021
Vancouver, B.C., July 5, 2021,
$Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (“Monument” or
the “Company”) announces that the Malaysia authorities have
transitioned the movement control order (“MCO”) in five states into
Phase 2 effective July 5, 2021 under the National Recovery Plan,
including Pahang State.
Under the Phase 2, Selinsing Gold Mine is now back to production
with up to 80% employees being allowed working at the site.
Employers must ensure physical distancing and adherence to
the standard operating procedures at all times.
CEO and President Cathy Zhai said: “The production starts to be
resumed at Selinsing Gold Mine according to our recovery plan.
We will be closely monitoring the Covid status and put employees’
safety as priority.”
About Monument
Monument Mining Limited (TSX-V: MMY, FSE:D7Q1) is an established
Canadian gold producer that owns and operates
The Selinsing Gold Mine in Malaysia.
Its experienced management team is committed to growth and is also
advancing the Murchison Gold Projects
comprising Burnakura, Gabanintha and
Tuckanarra JV (20% interest) in the Murchison area of Western A
Australia.
The Company employs approximately 200 people in both regions and is
committed to the highest standards of environmental management, social
responsibility, and health and safety for its employees and
neighboring communities.
Cathy Zhai, President and CEO
Monument Mining Limited
Suite 1580 -1100 Melville Street
Vancouver, BC V6E 4A6
FOR FURTHER INFORMATION visit the company web site at http://www.monumentmining.com
or contact:
Richard Cushing, MMY Vancouver
T: +1-604-638-1661 x102
rcushing@monumentmining.com
https://www.monumentmining.com/news-media/photo-gallery/
https://www.monumentmining.com/news-media/news/2021/monument-announces-selinsing-gold-mine-in-malaysia-resumes-production/
“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.”
$tsoprano-1 welcome to Monument Mining (TSXV:MMY) My Friend -
Good to see you @ MMY )
I think Goldbull MMY will do very well - )
MMY is very oversold and undervalued,
Imo!
Joint Venture partner ODY finds more Visible Gold at Stakewell )
Also excellent grades from additional Tuckanara drilling....
https://www.listcorp.com/asx/ody/odyssey-gold-limited/news/new-discovery-and-drilling-enhance-murchison-gold-projects-2545483.html
$Money once again flowing into gold mining producers -
The IT and Crypto sectors have now topped and that cash is now looking
for the next hot sector.
That sector is now gold.
On Friday, reviewing analyst rating changes on my Investment House
daily report, I found that almost all of the covered gold stocks were
rated Outperform.
I have never seen such a rapid and universal alteration in gold ratings
in my investment career which goes back decades.
So, we are looking at a revival of investment dollars into gold and gold
mines stocks.
We have a huge amount of material and development news pending release
in the near future.
$Considering this along with increased investment flows into Gold, its a
fair bet that we will exit June above $0.30 + + + + )
Throughout the summer, we will see sequential releases of Murchison
drilling results along with development news at Peranghi, processing of
Colombian concentrate, construction progress of the Floatation plant
and other new developments currently under consideration.
If all goes according to form, we have an excellent chance of exiting
summer above $0.60 + + + + )
Even at that price, we will still be very undervalued bargain....
IMO! nozzpack
$bigone thanks; In December 2020, Monument Mining Ltd. made an Joint
Venture agreement with Odyssey Gold Ltd.
MMY got a 20% free carried interest (not need to pay any cost of
exploration drilling etc. up to
the project are ready for gold milling, processing etc.)
MMY also got a 1% NSR royalty over Odyssey’s 80% interest in the
property.
Ody got 80% interest in MMY's Tuckanarra Gold project to carry out
all needed exploration, drilling, feasibility study etc.
Odyssey Gold Ltd., leaving Monument with a 20% free carried interest
and a 1% NSR royalty over Odyssey’s 80% interest in the property.
An unincorporated joint venture was formed with Odyssey to advance
the exploration over Tuckanarra.
Odyssey will be solely responsible for funding the exploration and
evaluation activities at Tuckanarra until a decision to mine is
reached.
The future processing of ore from tenements held by Odyssey
through the Monuments Mining Ltd's Burnakura plant remains
an option should maybe if commercial
terms be reached!?
$Visible Gold at Odyssey/Monument Tuckanarra JointVenture Project
Reinforce Exploration Targeting at Murchison Gold Project
MMY | May 5, 2021
VANCOUVER, British Columbia, May 05, 2021 (GLOBE NEWSWIRE) --
$Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) “Monument” or
the “Company” is pleased to receive the news announced
by its Joint Venture Partner Odyssey Gold Ltd (“ODY”)
that significant visible gold has been intersected in its
maiden diamond hole
Figure 1), a 70m step-out in the eastern extension of the developing
Bottle Dump deposit at the Tuckanarra JV Project (“Tuckanarra”)
located in the Murchison Goldfield.
Together with other results, the new finding confirms the strong
potential of the Bottle Dump trend to host high-grade gold
mineralization (For details refer to:
www.investi.com.au/api/announcements/ody/420449c6-9f8.pdf ).
Figure 1: Significant visible gold ? is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/f33fad6e-54b6-4e35-8110-27a52264226f
https://stockhouse.com/news/press-releases/2021/05/05/visible-gold-at-odyssey-monument-tuckanarra-jv-project-reinforce-exploration
Odyssey Gold (ASX: ODY) - Is it the next big micro cap mover?
1,110 views•May 4, 2021
"...Toronto, Ontario – July 27, 2021 – Arizona Gold Corp. (“Arizona”) (TSX: AZG, OTCQB: AGAUF) and Golden Predator Mining Corp. (“Golden Predator”) (TSX.V:GPY; OTCQX:NTGSF) announced today that they have filed a joint management information circular (the “Circular”), which will be mailed out to their respective shareholders for the meetings to be held on August 25, 2021, in connection with the previously announced transaction (the “Transaction”) whereby Arizona will acquire all of the issued and outstanding shares of Golden Predator pursuant to a plan of arrangement (the “Arrangement”) under the Business Corporations Act (British Columbia) previously announced on June 28, 2021.
Arizona and Golden Predator encourage shareholders to read the meeting materials in detail. An electronic copy of the Circular is available on Arizona’s website at www.arizona-gold.com and on Golden Predator’s website at www.goldenpredator.com. The Circular is also available on SEDAR under the issuer profiles of both companies at www.sedar.com. Shareholders are strongly encouraged to vote online following the instructions set out on the form of proxy or voting instruction form which will be mailed along with the Circular.
TRANSACTION HIGHLIGHTS
Creates a diversified near-term gold producer in North America through sequential development of the fully permitted Copperstone mine in Arizona followed by the Brewery Creek mine in the Yukon;
Combined resource base of approximately 1.1 million oz gold in the Measured & Indicated categories, plus an additional approximate 1.5 million oz gold in the Inferred category, paired with considerable exploration upside at each project;
Improved capital markets scale to enhance investor visibility and positioning amongst peers, plus a broadened shareholder base;
Combined cash and investments of $23M, including shareholdings in Seabridge Gold Inc., C2C Gold Corp. and Group 11 Technologies Inc.;
Experienced leadership team including Giulio Bonifacio as President & CEO and William Sheriff as Non-Executive Chairman, to be supported by a technical team with backgrounds in both mine-building and operations; and
On closing of the Transaction, it is anticipated that Arizona will change its name to Sabre Gold Mines Corp.
Shareholders of each of Arizona and Golden Predator holding, in the aggregate, approximately 36.20% of the issued and outstanding Arizona shares and approximately 22.03% of the issued and outstanding Golden Predator shares, respectively, as at July 23, 2021, have entered into voting support agreements pursuant to which they have agreed, among other things, to vote in favour of the Share Issuance Resolution and the Arrangement Resolution, respectively (each as hereinafter defined). These include voting support agreements from entities affiliated with Eric Sprott, in the case of Arizona and Golden Predator, and from PowerOne Capital Limited and Pat DiCapo, in the case of Golden Predator.
ARIZONA MEETING
The meeting of holders of Arizona common shares (the “Arizona Meeting”) will be held at 1:00 p.m. (Toronto time) on Wednesday, August 25, 2021 at the offices of Peterson McVicar LLP, Suite 902, 18 King Street East, Toronto, Ontario, Canada, M5C 1C4.
Holders of Arizona common shares (“Arizona Shareholders”) of record at the close of business on July 26, 2021 will be entitled to vote at the Arizona Meeting. Out of an abundance of caution and in an effort to adopt measures that assist our community in slowing the spread of the novel coronavirus disease 2019, also known as COVID-19, in order to protect the health and safety of our community, Arizona Shareholders, employees and other stakeholders, we are inviting Arizona Shareholders to attend the Arizona Meeting virtually, which will be conducted via live audio webcast online at https://virtual-meetings.tsxtrust.com/1212.
Arizona Shareholders will be asked to consider and pass an ordinary resolution (the “Share Issuance Resolution”) approving the issuance of Arizona common shares to Golden Predator shareholders (the “Share Issuance”) in connection with the Transaction, pursuant to which, among other things, all of the issued and outstanding common shares of Golden Predator will be exchanged for Arizona common shares on the basis of 1.65 Arizona common shares per common share of Golden Predator. Upon completion of the Transaction, existing Arizona and Golden Predator shareholders will own approximately 55% and 45% of the combined company common shares, respectively, on an outstanding basis.
Arizona Shareholders will also be asked to consider and pass a special resolution (the “Name Change Resolution”) to change the name of Arizona to “Sabre Gold Mines Corp.” or such other name to be determined by Arizona, effective on or around the completion of the Transaction.
The meeting materials provided to Arizona Shareholders contain important information regarding voting, the Transaction and a summary of the events leading up to the Transaction, including the reasons that led to Arizona’s Board of Directors (the “Arizona Board”) to unanimously determine that the Transaction is fair, from a financial point of view, to Arizona. The Arizona Board unanimously recommends that Arizona Shareholders vote for the Share Issuance Resolution and Name Change Resolution at the Meeting.
The meeting materials are available on Arizona’s website at www.arizona-gold.com and under Arizona’s SEDAR profile at www.sedar.com.
GOLDEN PREDATOR MEETING
The meeting of holders of Golden Predator common shares (the “Golden Predator Meeting”) will be held at 10:00 a.m. (Vancouver time) on Wednesday, August 25, 2021 at the offices of Morton Law LLP, 1200 – 750 West Pender Street, Vancouver, British Columbia, Canada, V6C 2T8.
Holders of Golden Predator common shares (“Golden Predator Shareholders”) of record at the close of business on July 16, 2021 will be entitled to vote at the Golden Predator Meeting. Out of an abundance of caution and in an effort to adopt measures that assist our community in slowing the spread of the novel coronavirus disease 2019, also known as COVID-19, in order to protect the health and safety of our community, Golden Predator Shareholders, employees and other stakeholders, we are inviting Golden Predator Shareholders to attend the Meeting virtually by contacting Golden Predator by telephone at 604-260-0289 or by email at info@goldenpredator.com to be provided with a virtual conference link.
Golden Predator Shareholders will be asked to consider and, if deemed advisable, pass a special resolution approving the Arrangement (the “Arrangement Resolution”). To be effective, the Arrangement Resolution must be approved at the Golden Predator Meeting by (i) at least 66 % of the votes cast on the Arrangement Resolution by the Golden Predator Shareholders, and (ii) at least a majority of the votes cast on the Arrangement Resolution, excluding any “interested party”, as such term is defined in Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions.
The meeting materials provided to Golden Predator Shareholders contain important information regarding voting, the Transaction and a summary of the events leading up to the Transaction, including the reasons that led to Golden Predator’s Board of Directors unanimously determining that the Transaction is fair, from a financial point of view, to Golden Predator Shareholders and in the best interest of Golden Predator. The Golden Predator Board unanimously recommends that Golden Predator Shareholders vote for the Arrangement Resolution at the Meeting.
The meeting materials are available on Golden Predator’s website at www.goldenpredator.com and under Golden Predator’s SEDAR profile at www.sedar.com.
CONDITIONS FOR COMPLETION OF THE TRANSACTION
The Transaction is subject to various closing conditions, including receipt of (i) final court approval of the Arrangement, (ii) the required approval at the Arizona Meeting of the Share Issuance Resolution, (iii) the required approval at the Golden Predator Meeting of the Arrangement Resolution, and (iv) regulatory approvals of the Transaction, including TSX approval of the Share Issuance and TSXV approval of the Transaction.
For additional information on Arizona and the Copperstone mine, please visit the website at www.arizona-gold.com. For additional information on Golden Predator and the Brewery Creek mine, please visit the website at www.goldenpredator.com.
Contact Information
Arizona Gold Corp.
Giulio Bonifacio
CEO & Director
604-318-6760
gtbonifacio@arizona-gold.com
Golden Predator Mining Corp.
William Sheriff
Executive Chair
972-333-2214
wms@goldenpredator.com
Cautionary Statements
Certain information contained herein constitutes forward-looking information or statements under applicable securities legislation and rules. Such statements include, but are not limited to, statements with respect to the anticipated completion of the Transaction. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Arizona and/or Golden Predator to be materially different from those expressed or implied by such forward-looking statements, including, but not limited to: (i) any inability of the parties to satisfy the conditions to the completion of the Transaction on acceptable terms or at all; and (ii) receipt of necessary stock exchange, court and shareholder approvals. Although management of each of Arizona and Golden Predator has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate. Accordingly, readers should not place undue reliance on forward-looking statements. Neither party will update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws. The parties caution readers not to place undue reliance on these forward-looking statements and it does not undertake any obligation to revise and disseminate forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of or non-occurrence of any events.
This press release is not and is not to be construed in any way as, an offer to buy or sell securities in the United States. The distribution of the Arizona common shares in connection with the transactions described herein will not be registered under the United States Securities Act of 1933 (the “U.S. Securities Act”) and the Arizona common shares may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Arizona common shares, nor shall there be any offer or sale of the Arizona common shares in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Neither the TSX, the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX and TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For Copperstone, please reference the independent technical report titled “National Instrument 43-101 Technical Report: Preliminary Feasibility Study for the Copperstone Project, La Paz County, Arizona, USA” completed by Hard Rock Consulting, LLC, effective date April 1, 2018. For Brewery Creek, please reference the Independent technical report titled “NI 43-101 Technical Report on Resources – Brewery Creek Project, Yukon, Canada” completed by Gustavson Associates LLC, effective date May 31, 2020.
Includes pro forma cash of $9.6M at March 31, 2021 and pro forma equity investments calculated as at June 25, 2021, excluding transaction costs...."
https://www.arizona-gold.com/arizona-gold-and-golden-predator-file-joint-circular/
Great Panther Mining with an upward probability
$stockwrestler2 thanks; Gold producer Abcourt Mines will put another
mine on production and Abcourt is very undervalue and oversold,
IMO!
$This year; Pierre Lassonde: 1:1 Dow to Gold Ratio - $25,000 Gold Coming
22,126 views•May 31, 2021
$flemsnopes thanks; Satori Appoints Ron Stewart as Technical and Corporate Advisor
May 12, 2021
Toronto, Ontario — March 30, 2021 –
Satori Resources Inc. (TSXV: BUD) (“Satori” or the “Company”) is pleased
to announce that the review and advanced processing of historical
geophysical data is complete, and a number of prospective geophysical
targets have been identified for follow up and field verification
during this upcoming field season.
https://satoriresources.ca/news-2021/
Satori Completes First Deep Pilot Drill Hole at Tartan Lake
May 10, 2021
Toronto, Ontario — March 30, 2021 – Satori Resources Inc. (TSXV: BUD) (“Satori” or the “Company”) is pleased to announce that the review and advanced processing of historical geophysical data is complete, and a number of prospective geophysical targets have been identified for follow up and field verification during this upcoming field season.
Satori Commences Drilling at Tartan Lake
April 19, 2021
Toronto, Ontario — March 30, 2021 – Satori Resources Inc. (TSXV: BUD) (“Satori” or the “Company”) is pleased to announce that the review and advanced processing of historical geophysical data is complete, and a number of prospective geophysical targets have been identified for follow up and field verification during this upcoming field season.
Satori Identifies Priority Exploration Targets at Tartan Lake
March 30, 2021
Toronto, Ontario — March 30, 2021 – Satori Resources Inc. (TSXV: BUD) (“Satori” or the “Company”) is pleased to announce that the review and advanced processing of historical geophysical data is complete, and a number of prospective geophysical targets have been identified for follow up and field verification during this upcoming field season.
Satori Sets April Start Date for Diamond Drill Program at Tartan Lake
March 18, 2021
Toronto, Ontario – March 18, 2021 – Satori Resources Inc. (TSXV: BUD) (“Satori” or the “Company”) is pleased to announce that the phase 1 drilling program has been approved for the Company’s 100% owned Tartan Lake Gold Project near Flin Flon Manitoba.
Satori Receives Work Permit for Drilling at the Tartan Lake Gold Mine Project
February 26, 2021
Toronto, Ontario — February 26, 2021 – Satori Resources Inc. (TSXV: BUD) (“Satori” or the “Company”) is pleased to announce that it has received the permits required to commence drilling at the Company’s wholly-owned Tartan Lake Gold Mine Project near Flin Flon, Manitoba.
Satori Resources Boosts Team
February 23, 2021
Toronto, Ontario — February 23, 2021 – Satori Resources Inc. (TSXV: BUD) (“Satori” or the “Company”) is pleased to announce that Jeff Ackert, BSc., a seasoned geologist who has held senior positions with numerous publicly listed exploration and development companies, has joined Satori’s technical team.
SATORI RESOURCES UPDATE – ACCELERATING INTO 2021 WITH THE TARTAN LAKE GOLD MINE PROJECT
February 5, 2021
Toronto, Ontario – February 5, 2021 – Satori Resources Inc. (TSXV: BUD) (“Satori” or the “Company”) is pleased to announce that the unique market trends throughout 2020 provided Satori with the opportunity to accentuate the potential that lies within the Company’s wholly-owned Tartan Lake Gold Mine Project near Flin Flon, Manitoba.
https://satoriresources.ca/news-2021/
https://satoriresources.ca/projects/tartan-lake-gold-project/
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163404085
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
The other link didn't work. Let's try this one.....
https://www.accesswire.com/viewarticle.aspx?id=647922
It looks like Sidney resources might be heading for a sustainable upwards trend.
https://www.accesswire.com/
$BGADF - Very good progress update detailing the high promise of the company's Picachos gold-silver-copper project in Mexico. This is looking like it will be a significant payoff as project development continues.
Brigadier Completes Phase One Exploration at Picachos With Multiple Follow-up Drill Targets Assays Pending for Prospective El Placer Norte Target where sampling returned up to 12.79 g/t Gold
VANCOUVER, BC / ACCESSWIRE / May 11, 2021 / Brigadier Gold Limited (the "Company" or "Brigadier") (TSXV:BRG)(FSE:B7LM)(OTC PINK:BGADF) is pleased to provide a summary of the recently completed phase-one exploration program at it Picachos gold-silver-copper project Sinaloa, Mexico (the "Picachos Project", "Picachos" or the "Property"). In total 5057 metres of diamond drill was completed in 50-holes across eleven different prospects on the Property, most of which were never previously drill tested. Remaining assays are anticipated to be received in June.
Phase-one Drilling Highlights:
San Agustín past-producing gold mine with a principal result of 7.45 g/t gold and 51 g/t silver across 7 metres in DH-BRG-001. Significant widths and grades were intercepted in several holes from San Agustín.
San Antoñio historic gold-copper mine with 12.62 g/t gold and 78 g/t silver with 4.5% copper across 0.8 metres in DH-BRG-026.
La Gloria historic gold mine with values of 10.65 g/t gold across 1 metre in a larger interval of 2.29 g/t gold across 8 metres in DH-BRG-028.
Rob Birmingham, President & CEO, comments, "With Picachos' first ever diamond drill program concluded, Brigadier now has a robust dataset from which to plan the next phase of exploration. Over the course of the last eight months, exploration efforts have produced several high priority targets which the Company intends to follow up on, including a copper and base metals porphyry on the North end of the Picachos Project. With copper reaching all time high's, it is truly an exciting time to take a closer look at this aspect of the Property."
Assays are still pending for 518 metres of drilling completed in phase-one, most of which is from a 3-hole fence drilled across El Placer Norte where underground sampling returned grades of up to 12.79 g/t across the Huarache Vein. Perhaps more significantly, a surface trench across the El Placer trend returned values of 0.5 g/t gold across 65 metres in BRG-117154. This was followed by 8 metres of 2.14 g/t gold in adjacent trench BRG-117146.
Further indications of a possible bulk tonnage gold target were returned from trench BRG-26892 with values of 1.07 g/t gold across 6 metres from a newly discovered mineralized outcrop of porphyritic rhyolite on the Santa Elena ridge, about 850 metres southwest of Garabato and 750 metres north of El Placer Norte.
A copper porphyry target with associated base metals was confirmed in the northwestern part of the Property where approximately 350 metres of semi-continuous hand trenching on Line 2569200 uncovered sericitic alteration with values mainly greater than 240 ppm molybdenum (Mo) with up to 0.22% Mo across 6 metres. These results confirm the bedrock source for overlying Mo-in-soil results of up to 456 ppm Mo. This anomaly is about 400 hectares in size and is roughly defined by soil samples at 50 metre spacing on survey lines spaced 400 metres apart. Sericite with molybdenite is interpreted to represent part of a hydrolytic alteration shell around a buried porphyry system.
Brigadier has 17.7 line kilometres of first-order geochemical anomalies for gold, copper and molybdenum outside the drilled areas that merit systematic mapping and trenching. A portion of these have been selected for near-term work this summer. Access routes for heavy equipment have been surveyed both to Garabato and to the porphyry area. The Company is considering an airborne geophysical survey to better understand both faulting and intrusions related to mineralization.
National Instrument 43-101 Disclosure
The technical information in this press release has been reviewed by Michelle Robinson, MASc., P.Eng., a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Core and sample handling procedures are documented in the Company's press release dated October 22, 2020. Standard pulps, field duplicates, pulp duplicates and blanks are inserted into the sample stream. The samples were analyzed by SGS Laboratories in Durango using fire-assay methods for gold, and ICP methods with a 4-acid digestion for silver and base metals. SGS is an accredited laboratory. It is the Qualified Person's opinion that the technical information disclosed in this press release is reliable.
Please visit our website to learn more about Brigadier Gold.
About Brigadier Gold Limited
Brigadier was formed to leverage the next major bull market in the natural resource sector, particularly precious metals. Our mandate is to acquire undervalued and overlooked projects with demonstrable potential for advancement.
Led by a management team with decades of experience in mineral exploration and capital markets development, we are focused on advanced exploration opportunities in politically stable jurisdictions.
For further information, please contact:
Brigadier Gold Limited
http://www.brigadiergold.ca
Rob Birmingham, Chief Executive Officer
rob@brigadiergold.ca
Leah Hodges, Corporate Secretary
(604) 377-0403
Reader Advisory
This news release may contain statements which constitute "forward-looking information", including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements as a result of various factors, including, but not limited to, fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Brigadier Gold Limited
View source version on accesswire.com:
https://www.accesswire.com/646307/Brigadier-Completes-Phase-One-Exploration-at-Picachos-With-Multiple-Follow-up-Drill-Targets-Assays-Pending-for-Prospective-El-Placer-Norte-Target-where-sampling-returned-up-to-1279-gt-Gold
Gold producer Abcourt Mines will put another mine on production
this year.
With two mines operating their worth as a going concern should double.
And, with an increase in gold bullion price this year there
could be a triple in share price.
Abcourt Mines Inc. ABI (Cdn)
Alternate Symbol(s): ABMBF (USA)
$PENNYBUSTER thanks; 'Great Panther Silver, Ltd. (GPL)' Webcasts -
The Company will host a conference call and webcast on Thursday,
March 4, 2021, at 9:00 AM PT/12:00 PM ET. Shareholders, analysts,
investors and media are invited to join by logging in or calling in
five minutes prior to the start time.
Webcast: Webcast Registration
https://www.greatpanther.com/investors/webcasts/
Canada/USA TF:
1 800 319 4610
International Toll:
+1 604 638 5340
Scroll to the right to see the table data.
A replay of the webcast will be available approximately one hour
after the conference call.
Audio replay will be available until April 4, 2021, by calling
the numbers below using the replay access code 6298.
Canada/USA TF:
1 800 319 6413
International Toll:
+1 604 638 9010
Replay Access Code: 6298
Scroll to the right to see the table data.
Replay of previous Great Panther conference call and webcasts
are available below.
2020
Third Quarter 2020 Financial Results Webcast and Conference Call
Second Quarter 2020 Financial Results Webcast and Conference Call
First Quarter 2020 Financial Results Webcast and Conference Call
https://www.greatpanther.com/investors/webcasts/
$jsc52033 thanks; Great Panther Mining Ltd (GPL) BARCHART OPINION Overall Average: 88% BUY
$GPL is way undervalued and heading to multi dollars the financial
forecasts to be released soon!!
$BARCHART OPINION Overall Average: 88% BUY
Overall Average Signal calculated from all 13 indicators.
Signal Strength is a long-term measurement of the historical strength
of the Signal, while Signal Direction is a short-term (3-Day)
measurement of the movement of the Signal.
Barchart Opinion
https://www.barchart.com/stocks/quotes/GPL/opinion
Will Silver investors take delivery on the COMEX this week: w/David Smith
$Monument Mining Limited (MMY.VN) 100% BUY BARCHART OPINIONS -
0.125 +0.005 (+4.17%) 02/05/21 [TSX Venture]
BARCHART OPINION for Fri, Feb 5th, 2021
$Overall Average: 100% BUY
$indicators.
$Signal Strength is a long-term measurement of the historical strength
of the Signal, while
$Signal Direction is a short-term (3-Day) measurement of the movement of the Signal.
$MMY- $70 mil in assets and only a $42 mil market cap? NO DEBT! smile)
https://www.barchart.com/stocks/quotes/MMY.VN/opinion
$Way undervalued and oversold -
5 bagger + + + + ? or more -
$Precious Metals Expert DAVID MORGAN of "The Morgan Report" joins
Michelle to explain the Silver Short Squeeze, which has caused Hedge
Funds to lose billions as the general public is catching on to Wall
Street's games!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161590519
Core Gold Announces Initial Trench Results From the Copper Duke Project, Including 120 Meters Averaging 0.362 g/t Au and 0.38% Cu
VANCOUVER, British Columbia, Sept. 18, 2019 (GLOBE NEWSWIRE) --
Core Gold Inc. ("Core Gold" or the "Company") (TSX-V: CGLD, OTCQX: CGLDF) is pleased to provide an update on its 100%-owned Copper Duke Project (“Copper Duke” or the “Project”) located in the province of Loja in Southern Ecuador.
Copper Duke Exploration
Exploration trenching on the El Huato target area of the Copper Duke project confirms a previously identified copper and gold soil anomaly (figure 3), associated with an area of intrusive breccias 300 meters long by 100 meters wide and open to the northeast. Six trenches totaling 1,046 meters have been geologically mapped with a total of 481 samples collected, all of which are either channel or panel continuous chip sampled with 22 control samples added for QA/QC.
The following Table 1 presents a summary with the best intervals within each trench:
TRENCH - A From (m) To (m) Length (m) Au (g/t) Cu (%)
(Inclined Distance)
Mineralized Interval 0.00 120.55 120.55 0.36 0.38
Including 78.75 120.55 41.80 0.76 0.90
Including 11.68 13.68 2.00 2.15 0.09
Including 20.19 20.29 0.10 4.32 0.05
Including 70.58 72.58 2.00 3.19 2.63
Including 78.58 80.58 2.00 1.26 1.45
Including 89.60 91.60 2.00 1.01 1.39
Including 93.61 95.61 2.00 1.21 1.29
Including 99.29 101.29 2.00 1.12 1.18
Including 100.52 102.52 2.00 1.87 3.13
TRENCH - B From (m) To (m) Length (m) Au (g/t) Cu (%)
(Inclined Distance)
Including 50.63 65.65 15.02 0.17 0.20
TRENCH - C From (m) To (m) Length (m) Au (g/t) Cu (%)
(Inclined Distance)
Including 10.28 18.28 8.00 0.17 0.17
TRENCH - D From (m) To (m) Length (m) Au (g/t) Cu (%)
(Inclined Distance)
Including 17.78 59.68 41.90 0.25 0.21
Including 37.78 59.68 21.90 0.43 0.31
Including 43.89 48.29 4.40 1.20 1.07
Including 45.75 47.75 2.00 2.30 2.06
Including 364.55 364.85 0.30 1.48 0.69
TRENCH - E From (m) To (m) Length (m) Au (g/t) Cu (%)
(Inclined Distance)
Including 292.90 304.90 12.00 0.66 0.07
Including 304.90 306.90 2.00 2.15 0.11
TRENCH - F From (m) To (m) Length (m) Au (g/t) Cu (%)
(Inclined Distance)
Mineralized Interval 0.00 68.00 68.00 0.38 0.26
Including 39.42 51.42 12.00 1.08 1.10
Including 24.68 26.68 2.00 4.91 0.17
Including 42.80 44.80 2.00 1.10 2.12
Including 46.33 48.33 2.00 2.11 1.19
Including 48.00 50.00 2.00 1.45 1.33
(Please visit the Company website at www.coregoldinc.com for additional geological information on Copper Duke.)
El Huato prospect
El Huato is located in the center of the Copper Duke Project (figure 2). It consists of the Lumapamba, Lumapamba 1, Barbasco 1, and Barbasco areas. Within the concessions exist gold and copper soil and rock chip geochemical anomalies associated with copper-gold porphyry and meso-epithermal mineralization.
The recent trenching has been focused on the Lumapamba concession located at the intersection of structural NW-SE and NE-SW alignments. Outcrops of a hornblende rich sub-volcanic body has been intruded by matrix supported breccias rich in copper, with fragments of volcanic rocks and intrusive.
These mineralized breccias have a southeast direction, with sub vertical dips toward the southwest 65°-80°, and cut the hornblendic porphyry, as well as the dioritic intrusive (Tangula Batholith). Post mineral dioritic dykes in-turn intrude these breccias. Some cases are completely fresh and others with weak propylitic alteration. They show strong sericitic alteration, locally argillic with small areas of kaolin. Copper mineralization is disseminated in veinlets and nodules within the matrix, with strong oxidation of copper (malachite, chrysocolla) and primary sulfides (chalcopyrite in patches up to 1 cm in diameter), secondary minerals include iron oxides (jarosite, limonite and Hematite) and local nodules of anhydrite and carbonate.
Overview of Copper Duke
Copper Duke is a copper-gold exploration project consisting of 13 mining concessions covering 13,031 hectares (10 km x 5 km), with 100% acquired concessions through 30-year titles, with the Ecuadorian State. Exploration work carried out in previous years identified several targets with copper-gold mineralization, associated with porphyry type anomalies and meso-epithermal gold structures (El Huato, Loma Redonda, Barbasco, El Palton, Landanuma, El Blanquillo, Ningomine and Rio Catamayo).
The Company owns much of the surface area pertaining to the "Huato” project (or “El Huato”), where it is currently carrying out an exploration program via trenching, rock chip sampling and surface geology to define drill targets.
The Copper Duke Project has an advanced exploration environmental license, covering the 13 mining concessions comprising it. The Ministry of Environment issued the environmental permit on December 11, 2018.
Copper Duke Geology
Geology is represented by multiphase igneous bodies of dioritic to granodioritic composition (Tangula Batholith) that intrude andesitic volcanic rocks and volcano-sediments of early Cretaceous age. Porphyry apophysis of dioritic and hornblende phases, intruding the entire system, which appear to be responsible for the gold and copper-gold mineralization.
Gold bearing Quartz-Magnetite veins are structurally controlled by the two main faults, NW-SE and NE-SW. They are in a 3.5 km long by 1.2 km wide trend. The highest values of gold and silver are located within veins ranging in width from 0.1 meters to 2.1 meters, oriented NE-SW, NW-SE. Quartz-magnetite veinlets and stockworks areas range in values from 0.08 to 6.1 ppm Au. About 22 veins, with significant values of copper and gold, have been identified and sampled to present date.
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/43c8cbb6-db1e-4f25-8713-117d8b4263a1
https://www.globenewswire.com/NewsRoom/AttachmentNg/2bb3ed13-9e56-4bc5-ba69-975671351a8b
https://www.globenewswire.com/NewsRoom/AttachmentNg/b4845111-ae51-4af6-8416-06938c527167
Quality Assurance and Quality Control (QA & QC)
This trenching program was designed to expose the mineralized breccia zones to provide for geological mapping and rock-chip and channel sampling. QA & QC procedures and protocols have been implemented to secure accuracy for this sampling program. Rock chip samples have been shipped to Bureau Veritas Mineral Lab (Inspectorate) in Peru a certified international qualified laboratory as complying with ISO 9001:2008 (Certificate FS 34143). Thirty grams Lead Collection Fire Assay Fusion – Atomic Absortion Finish was required for gold (code: FA430) and a package of 44 elements aqua regia digestion, by ICP-AES was also required (code AR301).
Qualified Person
Mr. John E. Bolanos, who is a qualified person under NI 43-101, has reviewed and approved the technical content of this news release. Mr. Bolanos is a technical consultant to the Company, with a M.Sc. Mining Geologist (U.K.) and a Professional Geologist Eng. from The Central University of Ecuador (honours degree). He is a registered member of the Society for Mining, Metallurgy & Exploration (SME) of the United States; Director of the Ecuadorian College of Engineers in Geology, Mines, Oil and Environment; and a member of the Mining Chamber of Ecuador. He has 29 years of experience in the exploration and mining industry throughout the Americas.
About Core Gold Inc.
The Company is a Canadian based mining company involved in the mining, exploration and development of mineral properties in Ecuador. The Company is currently focused on gold production at its wholly-owned Dynasty Goldfield Project. Mineral is treated at the Company’s wholly-owned Portovelo treatment plant. The Company also owns other significant gold exploration projects including the Linderos and Copper Duke area in southern Ecuador all of which are on the main Peruvian Andean gold-copper belt extending into Ecuador.
For further information please contact:
Mr. Mark Bailey, CEO, Director
Suite 1201 – 1166 Alberni Street
Vancouver, B.C. V6E 3Z3
Phone: +1 (604) 345-4822
Email: info@coregoldinc.com
Cautionary Notice:
This news release contains statements which are, or may be deemed to be, “forward-looking information” which are prospective in nature. Such information in this news release includes statements regarding the Company's interpretation of exploration results and the potential geological merits of the Copper Duke Project. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause Core Gold’s actual results, revenues, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Important risks that could cause Core Gold’s actual results, revenues, performance or achievements to differ materially from Core Gold’s expectations include, among other things, risks relating to the actual results of additional exploration activities; fluctuating prices in metals and other commodities; possibility of accidents, equipment breakdowns, labor disputes or other unanticipated difficulties with or interruptions in operations; exploration cost overruns; the geology, grade and continuity of mineral deposits; currency fluctuations; availability of capital and financing to maintain the Company's operations and plans; general economic, market or business conditions; regulatory changes; timeliness of government or regulatory approvals; and other risks detailed herein and as disclosed in the Company’s filings as available on SEDAR at www.sedar.com. Other than in accordance with regulatory obligations, Core Gold is not under any obligation and Core Gold expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Primary Logo
Figure 1
Trenches showing geology and rocks geochemistry (Cu); the intrusive breccias are in blue.
Figure 2
Copper Duke Project mining concessions
Figure 3
El Huato Geochemical anomaly (mining concessions Lumapamba, Lumapamba 1, Barbasco 1 and Barbasco).
Core Gold Announces Renewal of Exploration at the Dynasty Goldfield Project in Ecuador
Vancouver, B.C., September 9, 2019 –
Core Gold Inc. ("Core Gold" or the "Company") (TSX-V: CGLD, OTCQX: CGLDF) is pleased to announce the renewal of exploration efforts on the Company’s 100% owned Dynasty Goldfield Project in Ecuador, specifically drilling in the Cerro Verde Target area with future plans to expand over the adjacent Dynasty Goldfield targets. The exploration program planned for the next six months includes 3,000 m of diamond drilling, additional trenching and a high-resolution airmag survey.
The Dynasty Goldfield Project covers an area of 13,909 hectares within 5 mining concessions. The project area hosts 201 drill holes totaling 26,734 m of diamond core drilling. Drilling was completed on variable spacing extending over 9 km of mineralized strike as mapped and defined from surface soil, rock chip and channel sampling work completed from 2004 through 2007 by Dynasty Metals & Mining. In early 2017 the Company completed a name change to Core Gold Inc. and commenced small-scale production at the Dynasty Goldfield Project.
Current mining is focused on a small portion of the Cerro Verde area within the Dynasty Goldfield Project with this small-scale open-pit production from the Cerro Verde area averaging 15,000 tonnes per month and grades of 2.7 to 3.0 g/t gold.
Previous Exploration and Current Targets
The Dynasty Goldfield Project hosts 26,734 m of previous diamond drilling and 1,161 trenches sampled.
Better historical drill intercepts include:
8.50 m @ 13.94 g/t gold from 97.30 m inclined drilling depth – Cerro Verde - Iguana Target (DDH103)
49.60 m @ 2.36 g/t gold from 22.70 m – Cerro Verde Target (14.7m true width, mined out in trial mining)
61.00 m @ 1.25 g/t gold from 119.00 m – Cerro Verde Target (DDH025)(10.2 m true width)
12.40 m @ 4.26 g/t gold from 4.60 m – Cerro verde Target (DDH033)
47.54 m @ 1.11 g/t gold from 183.90 m – Cerro Verde Target (DDH033)(9.1 m true width, in upper intercept mined in trial mining)
10.35 m @ 5.92 g/t gold from 46.90 m – Papayal Target (05DDH04)
2.59 m @ 18.30 g/t gold from 7.25 m – Papayal Target (05DDH05)
Previous exploration ceased in 2007 with significant un-drilled potential at Dynasty Goldfield during the reform of Ecuador’s Mining Act from 2008 through November 2009. No significant exploration has been completed since.
Mineralized structures have been divided into three target areas for additional drill planning for resource growth in the future. The three target areas include:
Cerro Verde Target: 1.8 x 1.8 Km drilled vein array with high grade quartz hosted gold & silver mineralization associated with localized stockwork, breccia, and disseminated style gold mineralization proximal to veining, which remains open along strike to the east and southwest.
Iguana Target: 2.6 Km long vein corridor of high-grade gold mineralization hosted in quartz veining defined in mapping and surface sampling extending northeast from the Cerro Verde Target, with <1 Km strike extent drilled, predominantly within 100 m of surface.
Papayal Target: Host to drilling on approximately 500 m strike extent along the 9 Km long mineralized corridor, Papayal has an extensive 2.5 x 2 Km drill gap in the area of the mineral resource requiring maiden drill testing.
Figure 1: Dynasty Goldfield Project geology summary and outline of surface vein mapping with drill collar locations by grade multiplied by drilled thickness values at >0.5 g/t Au cut-off
Each of the three prospect areas have potential for increase in resources that can be generated from:
Extensions to mineralization:
Each prospect is host to significant outcropping mineralization that remains un-drilled along strike from known mineralization, including a >4 Km gap in drilling between Papayal and Iguana within the 9 Km long Dynasty vein swarm.
Increased mineralization within the existing resource:
Additional drilling and further sampling of historical core within the resource estimation area of each prospect can increase confidence categories in the current mineral resource, but Cerro Verde and Papayal both also have multiple vein orientations, and host strong potential for increased volume of mineralized material from identifying additional veining, in addition to sampling of stockwork, brecciated, and disseminated style mineralization, which was not sampled to a great extent in previous drilling.
Depth Extensions:
Previous drilling was predominantly shallow (within 100 m of surface) and substantial potential remains in the down-dip potential of the known quartz vein hosted gold mineralization at each prospect area.
Figure 2: Dynasty Goldfield Project geology summary and outline of surface vein mapping with gold assay results at surface in rock chip and trenching results
Cerro Verde Target, Dynasty Goldfield Project
Diamond drilling has added 23,734 m in 175 of the 201 holes completed at Dynasty Goldfield drilled within the Cerro Verde Target area.
Located at the western extent of the 9 Km long zone of veining at the Dynasty Goldfield Project, the Cerro Verde Target is a 1.8 x 1.8 Km area with abundant quartz veining on various orientations. The target area remains open for drilling extensions to veining to the southwest, and to the east and northeast following the margin of the Tangula Batholith, which appears to be a primary structural control of mineralization for the area.
Quartz veins hosting gold and silver mineralization range from 15 m to sub-centimeter in width. Sampling of previous drilling on the prospect has been focused on high grade veins of mineable width targeting underground potential in the area, with a large proportion of historical core stored at the site which remains un-sampled. In addition to expanding the footprint of veining, there is also substantial bulk tonnage potential within the existing resource area associated with high density quartz stockworks, brecciation, and disseminated style alteration as observed in the deeper holes drilled within the Cerro Verde Target area.
Significant results from more substantial veins, and zones demonstrating bulk tonnage potential associated with stockwork and breccia style mineralization include results from diamond drilling:
49.60 m @ 2.36 g/t gold from 22.70 m (DDH013)
(14.7 m true width, mined out in trial mining)
61 m @ 1.25 g/t gold from 119.00 m (DDH025)
(10.2 m true width)
12.4 m @ 4.26 g/t gold from 4.60 m (DDH033), and
47.54 m @ 1.11g/t gold from 183.90 m (DDH033)
(9.1 m true width, in upper intercept mined in trial mining)
7.99 m @ 4.41g/t gold from 64.66 m; and 4.28m @ 7.50 g/t gold from 97.97 m (DDH132)
(5.2 m and 3.5m true width)
Figure 3: Diagramatic Cross Section of the Cerro Verde Target area looking N65E and extending from the Esperanza/Venado vein open pits to the Kaliman Porphyry (refer to Figure 1 for section location)
Figure 4: Cross Section of the Esperanza/Venado open pit area at Cerro Verde Target looking N65E
Iguana Target, Dynasty Goldfield Project
Extending over 2.5 Km northeast from the Cerro Verde Target vein swarm is the Iguana vein corridor. The vein corridor is historically drilled on 50 to 100 m spacing within 100 m of surface up to 1 Km of strike extent with a principal vein of 4.00 to 5.10 m true width (refer to Figure 5) occurring with smaller sub-parallel veins and vein splays.
An additional 1.3 Km of strike extension mapped and channel sampled remains un-drilled and potential on the high-grade vein zone also remains un-drilled below 100 m depth.
Hosting over 375,000 ounces of gold within the current inferred mineral resource estimation, the vein corridor with favorable vein widths and gold grades has potential for resource addition with down-dip drilling and extension drilling on the mapped 2.5 Km strike extent.
The drilled portion of the vein is drilled to approximately 100 m vertically below the surface (downhole depths reported below) and some of the better reported intercepts from drilling are at the deeper levels tested to date. The current data on the resource area demonstrates continuity of gold grades along strike, and with limited offset of the vein on post mineral structure on the order of tens of meters, open pit optimization and underground potential on deeper drilling exists with indications of higher grade associated with depth, and with intersections of multiple vein splays mapped within the vein corridor.
Figure 5: Diagrammatic Cross Section of the Iguana Vein (refer to Figure 1 for section location) on 100m thick slice on a N25W oriented cross section
The Iguana Corridor hosts 6,521 m of historical drilling in 39 holes completed before 2008 along 1 Km strike extent of the vein corridor, and better intercepts include:
8.50 m @ 13.94 g/t gold from 97.30 m (DDH103)
4.82 m @ 7.60 g/t gold from 111.18 m (DDH116)
3.80 m @ 9.55 g/t gold from 76.80 (DDH073)
12.00 m @ 4.99 g/t gold from 115.00 m (DDH102)
Papayal Target – Dynasty Goldfield Project
The Papayal Target hosts 2,999 m of historical diamond drilling from 27 holes completed before 2008. The existing drilling tests approximately 500 m strike on the northeastern-most extent of the 9 Km long Dynasty Goldfield Project mineralized zone. Between Iguana and Papayal targets, this leaves a 5 Km gap in drilling with significant mineralization in veining identified at surface on numerous outcrops and trench sample exposures.
Better drill intercepts on the 500 m strike extent zone previously drilled include:
10.35 m @ 5.92 g/t gold from 46.90 m (05DDH04)
2.59 m @ 18.30 g/t gold from 7.25 m (05DDH05)
4.84 m @ 8.34 g/t gold from 189.73 m (05DDH53)
Re-logging and additional drilling with oriented core will be required for the Papayal target to better define vein orientations and true thickness on the multiple vein set. Surface assays on quartz vein samples from trench and rock chip samples located within the un-drilled target area east and southeast of Papayal drilling range between 0.22 g/t Au up to a peak value of 646 g/t gold. Trenching and drilling on extensions to high grade mineralization with no initial drill tests at Papayal include better intersections of:
1.20 m @ 10.38 g/t Au, and 264.2 g/t Ag (Trench TJT979)
0.60m @ 646.80 g/t Au, and 297 g/t Ag (Trench T670)
Regional Geological Description of Dynasty Goldfield
The Dynasty Goldfield Project is part of the larger Dynasty copper-gold belt extending north from Peru. The Dynasty copper gold belt lies within the compressional Inter-Andean Graben that is bounded by regional scale faults. The graben is composed of thick Oligocene to Miocene volcano-sedimentary sequences that cover the Chaucha, Amotape and Guamote terrains. This structural zone hosts several significant epithermal, porphyry, mesothermal, S type granitoid, VHMS and ultramafic/ophiolite precious metal and base metal mineral deposits.
The western side of the Dynasty concessions include volcanic rocks (breccias and andesitic lavas) belonging to the Cretaceous to Palaeocene Pisayambo Volcanics and Celica Formation which has been intruded locally by dioritic rocks and mesothermal-epithermal gold bearing quartz veins and veinlets with occasional calcite-barite veins to the south, southeast and west. As many as 110 mineralized veins of varying thicknesses and without preferred orientation have been identified in the Dynasty Goldfield Project.
The mineralized veins in the volcanics mainly occur along a faulted zone near and sub-parallel to the contact with the Cretaceous Tangula Batholith outcropping in the east and south of the concessions that extend north from Peru.
Cautionary Note regarding Production without Mineral Reserves
The previous decision to commence production at the Dynasty Goldfield Project and the Company's ongoing mining operations as referenced herein (the "Production Decision and Operations") are based on economic models prepared by the Company in conjunction with management's knowledge of the property and the existing estimate of measured, indicated and inferred mineral resources on the property. The Production Decision and Operations are not based on a preliminary economic assessment, a pre-feasibility study or a feasibility study of mineral reserves demonstrating economic and technical viability. Accordingly, there is increased uncertainty and economic and technical risks of failure associated with the Production Decision and Operations, in particular: the risk that mineral grades will be lower than expected; the risk that additional construction or ongoing mining operations are more difficult or more expensive than expected; and production and economic variables may vary considerably, due to the absence of a detailed economic and technical analysis in accordance with NI 43-101.
Quality Assurance and Quality Control (QA & QC)
The drilling program for 2019 has been designed to intersect the mineralized structures mapped on surface, with the objective to understand the mineralization at depth. QA & QC procedures and protocols have been implemented to secure accuracy for this drilling campaign. First review of exploration core samples have been sent to the Company´s local lab in Portovelo (not certified), but all core samples will be shipped to Bureau Veritas Mineral Lab (Inspectorate) in Peru a certified international qualified laboratory as complying with ISO 9001:2008 (Certificate FS 34143). Thirty grams Lead Collection Fire Assay Fusion – Atomic Absortion Finish will be required for gold (code: FA430) and a package of 44 elements aqua regia digestion, by ICP-AES will also be required (code AR301).
Qualified Person
Mr. John E. Bolanos, who is a qualified person under NI 43-101, has reviewed and approved the technical content of this news release. Mr. Bolanos is a technical consultant to the Company, with a M.Sc. Mining Geologist (U.K.) and a Professional Geologist Eng. from The Central University of Ecuador (honours degree). He is a registered member of the Society for Mining, Metallurgy & Exploration (SME) of the United States; Director of the Ecuadorian College of Engineers in Geology, Mines, Oil and Environment; and a member of the Mining Chamber of Ecuador. He has 29 years of experience in the exploration and mining industry throughout the Americas.
About Core Gold Inc.
The Company is a Canadian based mining company involved in the mining, exploration and development of mineral properties in Ecuador. The Company is currently focused on gold production at its wholly-owned Dynasty Goldfield Project. Mineral is treated at the Company’s wholly-owned Portovelo treatment plant. The Company also owns other significant gold exploration projects including the Linderos and Copper Duke area in southern Ecuador all of which are on the main Peruvian Andean gold-copper belt extending into Ecuador.
For further information please contact:
Mr. Mark Bailey, CEO, Director
Suite 1201 – 1166 Alberni Street
Vancouver, B.C. V6E 3Z3
Phone: +1 (604) 345-4822
Email: info@coregoldinc.com
Cautionary Notice:
This news release contains statements which are, or may be deemed to be, “forward-looking information” which are prospective in nature. Such information in this news release includes statements regarding the Company's interpretation of exploration results and the potential geological merits of the Dynasty Goldfield Project. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause Core Gold’s actual results, revenues, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Important risks that could cause Core Gold’s actual results, revenues, performance or achievements to differ materially from Core Gold’s expectations include, among other things, risks relating to the actual results of additional exploration activities; fluctuating prices in metals and other commodities; possibility of accidents, equipment breakdowns, labor disputes or other unanticipated difficulties with or interruptions in operations; exploration cost overruns; the geology, grade and continuity of mineral deposits; currency fluctuations; availability of capital and financing to maintain the Company's operations and plans; general economic, market or business conditions; regulatory changes; timeliness of government or regulatory approvals; and other risks detailed herein and as disclosed in the Company’s filings as available on SEDAR at www.sedar.com. Other than in accordance with regulatory obligations, Core Gold is not under any obligation and Core Gold expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Nexus Gold Corp.(TSXV:NXS) (OTC:NXXGF) (FSE:N6E) is pleased to provide a corporate update on recent and upcoming activities.
The Company has been active on several fronts over the course of the past eight months. Since January, Nexus has increased its project portfolio by completing the acquisitions of the McKenzie Gold Project in Red Lake, Ontario, Canada, and the GB Copper-Gold Project, the Bauline Epithermal, and Black Ridge Gold Projects in Newfoundland, Canada. In West Africa, the Company has generated a significant amount of positive data at its wholly owned Dakouli 2 Gold Concession, with successful rounds of sampling and soil grid work that has moved the prospect to drill-ready status.
The Nexus Gold project portfolio now has a total of nine prospects, with four in Burkina Faso, West Africa, and five more across Canada. The Company plans to focus its efforts on three or four core projects, while pursuing joint venture and earn-in arrangements with others to help expedite greater portfolio development.
"Nexus now has a large and expanding project base that we feel will help grow the company well into the future, as well as providing important jurisdictional diversity," said president and CEO, Alex Klenman. "We obviously have priority projects, and we are committed to their development. But we have other projects in our inventory, and we will look to bring on partners in the future to help unlock the potential value. We feel the Company can benefit significantly by introducing project generation to our already well-established exploration model," continued Mr. Klenman.
The following is a brief review of recent work, and future plans for some of the Company's core assets.
McKenzie Gold Project, Red Lake, Ontario - The McKenzie Gold Project is a 1,348.5-hectare high-grade prospect located in the heart of the world-famous Red Lake gold camp. The highly prospective geological setting is analogous to several past producers. McKenzie hosts nine documented historical gold occurrences with limited exploration and is preferentially situated adjacent to Newmont Goldcorp on its east and northern boundaries, and Pure Gold Mining's Madsen project on the southern boundary.
In May and early June 2019 Nexus senior geologist Warren Robb, assisted by personnel from Rinimi Explorations, completed a first phase prospecting campaign designed to identify and verify locations of previous exploration activities and mineralization (see Company news release dated June 25, 2019). A total of seven samples were collected covering areas on McKenzie Island and in the St. Paul Bay area of the property.
Significant results were obtained from localities on McKenzie Island with samples returning 135.4 grams-per-tonne ("g/t") gold ("Au") and 9.3 g/t Au, respectively. The 135.4 g/t Au value was obtained from a select sample on a quartz vein hosted in igneous rocks of the dome stock, while the 9.3 g/t Au value was obtained in a select sample of a quartz vein hosted in felsic meta-volcanic rocks on the northern portion of the property.
Historical work on the McKenzie property has resulted in several significant prospecting discoveries, with bonanza-grade samples returning up to 313 g/t Au. A new showing on the southwest corner of McKenzie Island, located in the northern portion of the project area, was also discovered and returned multiple high-grade samples ranging from 9.37 g/t Au to 331 g/t Au. This newer discovery lies approximately 100 meters west of a historical showing where gold values of up to 212.8 g/t Au have been reported in provincial government files. Quartz veining and sulphide mineralization are also reported in multiple locations on McKenzie Island, within the northern portion of the property boundary. Sampling conducted in 2017 returned up to 18.02 g/t Au in grab samples from the vein exposure.
The Company is continuing a detailed prospecting program, supplemented with ground geochemical and geophysical surveys, over the property to identify priority targets for a maiden drill program scheduled for 2020.
New Pilot Gold Project, Bridge River Gold Camp, BC - New Pilot is a gold-copper exploration property located in the Bridge River Mining Camp, approximately 180 kilometers north of Vancouver, or 10.5 kilometres west of the village of Gold Bridge, British Columbia.
The 509-hectare (1,257 acre) property has been the subject of historical exploration. Between 1992 to 1994 Cogema Canada Ltd conducted detailed prospecting and sampling. 99 grab samples were taken in three zones, with three returning values in excess of 100 g/t Au, including 102 g/t Au, 106 g/t Au with visible gold, and 111g/t Au; three returning values in excess of 10 g/t Au (17 g/t Au, 21 g/t Au, 33 g/t Au); and 14 others returning values in excess of 1 g/t Au. In addition, 59 soil samples, 229 rock samples, and 66 core samples from a small 108-meter diamond drill program were also obtained. Significant results obtained included chip samples of 4.03 g/t Au over 10 meters, and 1 g/t Au over 10.5 meters in drill core.
Company geologists spent several weeks in June and July 2019 at New Pilot, conducting a comprehensive ground reconnaissance program that included mapping and sampling of historical occurrences. Results of this program are due in the coming weeks.
Dakouli 2 Gold Concession, Burkina Faso, West Africa - The 100%-owned Dakouli 2 exploration permit is a 98-sq km (9,800 hectares) gold exploration property located approximately 100 kilometers due north of the capital city Ouagadougou, in Burkina Faso, West Africa.
The permit lies immediately south of, and contiguous to, the Niangouela Gold Concession, which has been subject to ongoing exploration efforts by the Company over the past three years. Drilling at Niangouela has returned significant intercepts, including 26.69 g/t Au over 4.85m, including 132 g/t Au over 1m, and 4 g/t Au over 6m, including 20.5 g/t Au over 1m (see Company news releases dated March 7, 2017 and April 5, 2017).
In late 2018 Company geologists conducted a comprehensive ground reconnaissance program at Dakouli to the west and south of the main orpaillage (artisanal zone) and identified new near surface workings being explored by artisanal miners. Rock samples collected from these new zones contained various concentrations of visible gold, including coarse nuggety samples. 12 samples were taken from the Northeast Zone, obtained between 8-18 meters below surface from artisanal shafts and pits, with six returning significant grades between 2.90 g/t Au and 29.5 g/t Au, including 27.5 g/t Au and 12.4 g/t Au from samples containing visible gold (see Company news release dated January 8, 2019).
Of the first 25 samples collected 11 have returned values greater than 1 g/t Au. Five samples have exhibited various concentrations of coarse, nuggety, visible gold, returning assay values greater than 11 g/t Au. All 25 samples taken to date at Dakouli 2 have tested positive, with several returning significant gold values.
The Company has also identified two new mineralized zones and a secondary vein structure just south of the primary Northeast Zone (see Company news release dated January 15, 2019).
The secondary vein structure identified is located 70 meters south of the primary Northeast Zone. The new workings are parallel to the primary orpaillage being worked and three samples taken 17 to 40 meters below depth returned gold values of 1.74 g/t Au, 3.68 Au and 17.6 g/t Au, respectively. The 17.6 g/t sample exhibited coarse visible gold. The workings of the Northeast Zone on the Dakouli 2 property now cover an area measuring 400 meters along strike enclosing two parallel gold bearing structures 150 meters wide.
An additional new zone, located on the western boundary of the Dakouli 2 permit, has returned two samples from workings located there of 2.72 g/t Au and 11.1 g/t Au. This second orpaillage, termed the Boken Vein Zone, consists of gold in quartz veins located proximal to a granitic plug. The samples were taken from workings at 25-meter depths.
Based on these results the Company initiatied a 150-line kilometer soil geochemical survey covering the northern half of the Dakouli 2 property and southern portions of the contiguous Niangouela property. This survey identified three prominent gold geochemical trends (see Company news release dated June 11, 2019).
The primary gold trend parallels the Sabce fault zone and extends for approximately 10 kilometers in a northeast - southwest direction that bisects the property from the north east corner of the property to its western boundary. The Sabce fault hosts multiple mineralized zones, including Nordgold's 3.4Moz Bissa Mine and satellite pit, located approximately 20-30 kilometers to the east of the Niangouela and Dakouli permits.
During the survey a new area of artisanal workings was discovered, and rock samples collected from 40 meters depth at this new orpaillage returned gold values of 11.3 g/t Au, 1.08 g/t Au, and 1.03 g/t Au, respectively. This orpaillage extends for some 200 meters and is located at the southern edge of the survey area.
Two secondary gold trends, which extend for approximately 6.5 kilometers each are oriented in a northwest to southeast direction and bisect the primary trend. All three gold geochemical trends are coincidental to geophysical trends identified from the national regional airborne geophysics.
The geochemical surveys and positive sampling work done in late 2018 and throughout the spring of 2019 has now generated several compelling targets that the Company intends to drill test in the coming months.
Gabon, West Africa - The Company is currently under a Letter of Intent to potentially acquire up to 4,102 square kilometers of prospective gold projects, in Gabon, West Africa (see Company news release dated July 22, 2019).
The project portfolio consists of three different concessions, each encompassing between 1,200 and 1,500-sq kms. Throughout the concession areas gold mineralization appears to have strong structural controls, concentrating along lithological contacts and structural breaks. Two styles of gold mineralization have been observed: A pyrite-rich massive sulphide sitting at the contact of a deformed mafic volcano-sedimentary sequence and a thick black shale unit.
**Historical results on the main mineralized trend just north east and on the boundary of one of the prospects, and strikes into the property with gold anomalism being present, include intercepts of 9 m at 7.6 g/t Au; including 3.85 m at 15.7 g/t Au, 13.5 m at 1.5 g/t Au; including 1 m at 7.5 g/t Au, 3 m at 3.3 g/t Au; including 1 m at 4.5 g/t Au, 15 m at 37.7 g/t Ag; including 4.5 m at 61.4 g/t Ag.
Management is currently conducting a due diligence review of the *permits as well as geological and historical data, following which the board of directors will decide as to whether to proceed with the acquisition and will finalize definitive terms.
* Permit applications in process ** Exact location of historical results to be confirmed from public domain information. The Gabon historical data referenced in this news release is public domain information. Readers are cautioned that the Company's Qualified Person has not yet verified the laboratory reports involved with the analysis of these samples.
About the Company
Nexus Gold is a Vancouver-based gold exploration and development company with a portfolio of active projects in West Africa and Canada. The Company is concentrating its efforts on establishing a compliant resource at one or more of it's four current West African-based projects which total over 560-sq kms (56,000+ hectares) of land located on active gold belts and proven mineralized trends, while also conducting ongoing developmental work on its five 100%-owned Canadian projects, namely the McKenzie Gold Project in Red Lake, Ontario, the New Pilot Project, located in BC's historic Bridge River Mining Camp, and three prospective gold-copper projects (3,300-ha) in the province of Newfoundland. For more information please visit www.nexusgoldcorp.com.
Warren Robb P.Geo., Vice-President, Exploration, is the designated Qualified Person as defined by National Instrument 43-101 and is responsible for the technical information contained in this release.
On behalf of the Board of Directors of
NEXUS GOLD CORP.
Alex Klenman
President & CEO
604-558-1920
info@nexusgoldcorp.com
http://www.nexusgoldcorp.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. This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.
Copyright (c) 2019 TheNewswire - All rights reserved.
Conquest Summer Drilling Program at Golden Rose Property, Emerald Lake, Ontario
V.CQR | May 29, 2019
Canada NewsWire
TORONTO, May 29, 2019
NEW OPTION AGREEMENT ON 27 CLAIMS NEAR GOLDEN ROSE
FINANCIAL RESULTS FOR THREE MONTHS ENDED MARCH 31, 2019
TORONTO, May 29, 2019 /CNW/ - Conquest Resources Limited (TSX-V: "CQR") ("Conquest" or the "Company") is pleased to provide an update on the Company's planned summer drilling program at its 100% owned Golden Rose Gold Property, details of a new exploration option agreement in the Temagami Anomaly area and its Interim Financial Results for the three-month period ended March 31, 2019.
image: https://mma.prnewswire.com/media/894497/Conquest_Resources_Limited_Conquest_Summer_Drilling_Program_at_G.jpg
Conquest Resources Limited (CNW Group/Conquest Resources Limited)
GOLDEN ROSE SUMMER 2019 DRILLING PROGRAM
Conquest plans to carry out approximately 1,200 meters of drilling at six (6) favorable targets on its 100% owned Golden Rose property at Emerald Lake, Ontario. The Company has applied for the necessary exploration permits for the summer drilling program and expects to commence its summer program as early as mid July 2019.
The six (6) selected drill sites were chosen based on geological investigation and the interpretation of a high-resolution, property-scale, airborne geophysical survey and follow up soil and MMI surveys completed in 2018 that verified each target to have anomalous gold geochemistry and confirmed potential for the discovery of gold mineralization in these areas. Execution of the planned drilling program is predicated on financing of a minimum of $250,000, on terms acceptable to the Company.
MACBETH CLAIMS OPTION AGREEMENT
Conquest has entered into an option agreement with Vision Exploration to earn up to a 100% interest, subject to a 1.5% Net Smelter Royalty in twenty-seven (27) mineral claims, the "MacBeth" claims, situated approximately nine (9) kilometres southwest of Conquest's Golden Rose property at Emerald Lake.
The MacBeth claims are located in the east-central portion of Macbeth and western portion of Clement Townships, Sudbury Mining Division, Districts of Sudbury and Nipissing, Ontario.
Vision's MacBeth claims are proximate to Conquest's Golden Rose property and Vision Exploration brings seasoned exploration experience with on-site local knowledge and operational expertise which will be invaluable to Conquest as it explores its large land package in the area of the Temagami Anomaly.
In 1959 W.H. Nichol carried out trenching and diamond drilling on a mineralized quartz vein on the MacBeth claims and reported high-grade gold mineralization from grab samples in the trench
Option Terms – Issue of 50,000 Shares
Conquest has commenced a $10,000 work commitment of Induced Polarization (IP), channel sampling, geochemistry and petrography to confirm the previously reported (1957) high-grade gold mineralization. This work is scheduled to be completed by June 30, 2019. This expenditure and the issuance of 50,000 common shares of Conquest will meet the first-year obligations under the three year option earn-in agreement.
Years 2 and 3 of the option agreement each require minimum expenditures on the MacBeth property of $10,000 and the issuance of 75,000 and 100,000 shares, respectively, should Conquest choose to maintain the option.
RESULTS OF OPERATIONS
Conquest recorded no revenue for the three-month periods ended March 31, 2019 or March 31, 2018. In accordance with the Company's accounting policies exploration and evaluation expenditures are expensed as incurred through profit and loss and included in the statement of operations.
For the three-month period ended March 31, 2019, the Company recorded a loss of $39,677 ($0.000 per share). The loss included exploration expenditures of $14,480.
For the three-month period ended March 31, 2018, the Company recorded a loss of $179,196 ($0.002 per share). The loss included exploration expenditures of $123,581.
This news release should be read in conjunction with the Company's unaudited financial statements and the associated management's discussion and analysis (MD&A) for the first quarter ended March 31, 2019 which are available on the Company's website at www.conquestresources.com or under the Company's profile on SEDAR (www.sedar.com).
ABOUT CONQUEST
Conquest Resources Limited incorporated in 1945 is a mineral exploration company that is engaged in the exploration of mineral properties in Ontario. The Company's principal exploration target is gold.
Conquest holds a 100% interest in the Emerald Lake Project located approximately 65 kilometres northeast of Sudbury, Ontario, underlain by highly prospective Abitibi greenstone geology along a strike length of seventeen (17) kilometres. The former Golden Rose Gold Mine is located deep within the regionally large, unexplained Emerald Lake (Temagami) Anomaly which closely resembles the magnetic signature of the adjacent Sudbury Basin.
Conquest's exploration strategy at its Golden Rose property and Emerald Lake Project overall, is to target high-grade gold mineralization in structurally controlled mesothermal type quartz veins lying along the two prospective horizons of Algoman-type Banded Iron Formation which trend east-north-easterly across the entire strike length of the Emerald Lake Project area.
Conquest also holds the Alexander Gold Property located immediately east of Goldcorp's Red Lake and Campbell mines in the heart of the Red Lake Gold Camp on the important "Mine Trend" regional structure. Conquest's property is almost entirely surrounded by Goldcorp's land holdings.
In addition, Conquest owns a 100% interest in the Smith Lake Gold Property which consists of six (6) patented claims and 181 staked mining claims to the north, west and south of the former Renabie Gold Mine in Rennie Township in northern Ontario that had reported production of over 1,000,000 ounces of gold.
Conquest has planned exploration programs at its Golden Rose and Smith Lake properties, including a planned drilling campaign of up to 1,500 metres at Golden Rose to test prioritized targets identified in 2018 deemed most prospective for the discovery of gold mineralisation. The planned programs have an indicative exploration budget of circa $500,000 and are subject to the successful completion of additional financing.
Qualified Person:
Paul Smith P. Geo. (NS) Senior Geologist, directs the Company's explorations programs and is the Company's Qualified Person for the purposes of National Instrument 43-101 and has approved the technical disclosures within this News Release.
Forward-looking statements.
This news release may include certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization, resources and reserves, exploration results, and future plans and objectives of Conquest, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Conquest's expectations are exploration risks detailed herein and from time to time in the filings made by Conquest with securities regulators. Neither the 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 the accuracy of this release.
SOURCE Conquest Resources Limited
image: https://rt.newswire.ca/rt.gif?NewsItemId=C0385&Transmission_Id=201905291254CANADANWCANADAPR_C0385&DateId=20190529
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2019/29/c0385.html
Paul Smith, P. Geo., Senior Geologist, 647-729-0311; Robert Kinloch, President and CEO, 306-881-8296; John F. Kearney, Chairman, 416-362-6686Copyright CNW Group 2019
Canada Newswire
May 29, 2019 - 9:54 AM PDT
Tags:
INDUSTRIAL METALS & MINERALS
Read more at
https://stockhouse.com/news/press-releases/2019/05/29/conquest-summer-drilling-program-at-golden-rose-property-emerald-lake-ontario#khjgvEtHCrjfmY7Q.99
Company Conquest Resources Limited
Address Suite 700, 220 Bay Street, Toronto, ON M5J 2W4 Canada
Phone 416-362-8243
Fax 416-368-5344
Email Address terence_mckillen@conquestresources.net
Website http://www.conquestresources.net
Ownership Publicly-traded corporation
Stocks TSXVE: CQR
NAICS
Gold Ore Mining (212221)
Status Common shares listed on the TSX Venture Exchange.
Executive Terence N. McKillen - President & CEO
Danesh K. Varma - CFO
$NXXGF $NXS.v Nexus Gold is a Vancouver-based gold exploration and development company with a portfolio of active projects in West Africa and Canada. The Company is concentrating its efforts on establishing a compliant resource at one or more of it's four current West African-based projects which total over 560-sq kms (56,000+ hectares) of land located on active gold belts and proven mineralized trends, while also conducting developmental phases on its three 100%-owned Canadian projects, McKenzie Gold Project in Red Lake, Ontario, the New Pilot Project, located in BC's historic Bridge River Mining Camp, and the GB Gold-Copper Project, located in Newfoundland. For more information please visit http://www.nexusgoldcorp.com
$NXXGF VANCOUVER, BC / ACCESSWIRE / June 25, 2019 / Nexus Gold Corp. ("Nexus" or the "Company") (TSX-V: NXS, OTCQB: NXXGF, FSE: N6E) is pleased to announce it has received assay results from the initial ground reconnaissance program at the Company's 100% owned, 1,348-hectare, McKenzie Gold Project, located at Red Lake, Ontario.
https://www.nexusgoldcorp.com/news/2019-news/exusoldeturnsighrade135gtuampleatcenzie20190625
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