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Glacier Lake Receives Work Permit Approval for up to 10,000 Meters of Drilling on the Silver Vista Project

Posted by Er at 10:01 AM on Tuesday, September 12th, 2017

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  • Drill Permits cover 10,000m of drilling
  • Allows for up to 40 drill sites
  • Drilling targeting Silver & Copper mineralization

VANCOUVER, British Columbia, Sept. 12, 2017 (GLOBE NEWSWIRE) — Glacier Lake Resources Inc. (TSX-V:GLI) (“Glacier” or the “Company”) is pleased to announce that it has been granted permit approval by the British Columbia Ministry of Energy and Mines for drilling and trenching activities on the company’s flagship Silver Vista copper-silver project, located near Smithers, British Columbia. The Mines Act Permit (MX-1-987) allows for up to 40 drill sites, 10,000 meters of drilling and 10 trench/pit sites, over a 5 (five) year period. The objective of the drilling program is to verify and expand the copper-silver mineralization intersected in the 1991 and 1992 historical drilling programs. Equity Silver Mines Limited completed fourteen drill holes (1992) totaling 1,252.5 metres. Equity identified a semi-continuous zone 300 metres long by 50 metres wide by 3 to 150 metres deep with two of the holes ending in mineralization. Key intercepts include: MR91-01 – 32.87 metres at 0.19% Cu and 34.8 gpt Ag, MR91-03 – 61.91 metres at 0.11% Cu and 40.5 gpt Ag, MR91-04 – 25.9 metres at 0.08% Cu and 62.6 gpt Ag and MR92-02 – 36.58 metres at 0.49% Cu and 26.8 gpt Ag. Hole MR92-02 intersected a higher-grade intersection of 2.84 meters averaged 195.7 g/t Ag and 3.65 % Cu at a depth of 192.62 meters, and this represents the only deep hole to test this zone, and is a primary drill target for follow-up.

 

Glacier Lake Resources Inc. has yet to verify the Equity exploration date. Data verification is one of the primary objectives of this drilling program.

 

“We look forward to commencing the first drill program on the Silver Vista since 1992″ said Saf Dhillon, President and Chief Executive Officer. “The focus of this fall’s campaign will be to confirm and expand the higher-grade mineralization intersected in hole 92-02 and to test the potential of the large silver-in-soil geochemical anomaly, measuring 1.5 by 2.0 kilometers.”

 

Further details can be found in the recently completed 43-101 report on the property located under the Company’s SEDAR profile.

 

The technical content of this news release has been reviewed and approved by R. Tim Henneberry, P.Geo., a member of the Glacier Lake Advisory Board and a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

 

Please visit our Website at: www.glacierlake.ca

 

Neither 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.

 

This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking.  Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements.  Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions.  There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties.  We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.

 

FOR ADDITIONAL INFORMATION PLEASE CONTACT:

 

Saf Dhillon
President/CEO
Glacier Lake Resources Inc.
Tel: 866-687-7059
Dir: 604-688-2922
saf@glacierlake.ca

Eloro $ELO.ca Resources receives drill permit at La Victoria $TTC.ca

Posted by AGORACOM-JC at 9:15 AM on Tuesday, September 12th, 2017

Image result for eloro resources

  • Received its permiso para inicio de las actividades de exploracion (drilling permit) 
  • Authorizes the drilling of up to 10 sites within the Rufina zone of the La Victoria gold/silver project, Pallasca province, Ancash department, Peru

ELORO RESOURCES RECEIVES DRILLING PERMIT FOR THE LA VICTORIA GOLD/SILVER PROJECT DRILL PROGRAM

Eloro Resources Ltd.’s wholly owned Peruvian subsidiary Compania Minera Eloro Peru SAC has received its permiso para inicio de las actividades de exploracion (drilling permit) that authorizes the drilling of up to 10 sites within the Rufina zone of the La Victoria gold/silver project, Pallasca province, Ancash department, Peru.

The Drilling Permit is the final requirement to obtain the water permit. The ANA (Peru Water Authority) has already carried out its Property inspection and is now reviewing Eloro’s application. In the meantime, field crews are now proceeding with preparation of the approved drill sites and carrying out improvements to the existing public trail system.

“We are delighted to be on the verge of drilling the La Victoria Gold/Silver Project’s Rufina zone”, said CEO Thomas G. Larsen, “This zone has never been drill-tested even though significant gold mineralization outcrops at surface. Our fall 2016 IP/Res survey identified a large spatially-correlated chargeability and resistivity area beneath the Rufina zone which also will be tested.”

Dr. Bill Pearson, P.Geo., Chief Technical Advisor for Eloro commented: “Recent geological work indicates that the mineralized target zone in Victoria-Victoria South which is up to 200 metres wide extends south for at least 2 kilometres along strike and likely connects with the Rufina zone. This is part of an extensive multi-phase epithermal gold-silver mineralizing system on the La Victoria property centred around the Puca Fault and environs (see press release August 8, 2017). We plan to carry out an aggressive drill program at Rufina while at the same time proceeding with drill permit applications for the other major target areas.”

The Rufina zone is located within the district of Huandoval where Eloro has good social support. District authorities are also favourable to economic development in partnership with the mineral exploration industry. Eloro currently has 14 Huandoval employees working for the IP/Res survey operating within the new Victoria-Victoria South discovery area.

With the award of an option to earn 25% of the Property to EHR Resources Ltd (ASX:EHX) through its Peruvian subsidiary EHR del Peru S.A.C., Eloro is fully financed to carry out the drilling at Rufina. A contract has been signed with Energold Drilling Peru S.A.C., for up to 5000 metres of NTW diamond drilling. The portable drill rig employed by Energold can be readily moved by existing public trails and requires only minimal drill pad preparation.”

About Eloro Resources Ltd.

Eloro is an exploration and mine development company with a portfolio of gold and base-metal properties in Peru and Quebec. Eloro owns a 100% interest in the La Victoria Gold/Silver Project, located in the North-Central Mineral Belt of Peru some 50 km south of Barrick’s Lagunas Norte Gold Mine and Tahoe’s La Arena Gold Mine. The Property consists of eight mining concessions and eight mining claims encompassing approximately 89 square kilometres. The Property has good infrastructure with access to road, water and electricity and is located at an altitude that ranges from 3,100 m to 4,200 m above sea level.

Dr. Bill Pearson, P.Geo., a Qualified Person in the context of NI 43-101 has reviewed and approved the technical content of this news release.

We seek Safe Harbor.

$NSM.ca Northern Sphere Mining Corp. Announces Approval for Listing on the OTCQB

Posted by Er at 10:23 AM on Thursday, September 7th, 2017

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  • United States  symbol “NSMCF” effective September 7, 2017.
  • Increases its potential audience of international investors
  • NSM currently is currently drilling 2 properties in Canada & US

Toronto, Ontario–(Newsfile Corp. – September 7, 2017) – Northern Sphere Mining Corp. (CSE: NSM) (OTCQB: NSMCF) (“Northern Sphere” or the “Company”) is pleased to announce that the Company’s common shares have been approved for trading on the OTCQB Venture Market (the “OTCQB”) in the United States under the symbol “NSMCF” effective September 7, 2017.

Listing on the OTCQB is part of Northern Sphere’s overall strategy to increase its potential audience of international investors. It will provide the Company with a significant trading platform for its current shareholders and future investors from the U.S. and internationally.

The OTCQB is the ideal marketplace for emerging U.S. and international companies. To be eligible for the OTCQB, companies must be current in their reporting obligations with the U.S. Securities and Exchange Commission, meet a minimum price bid test and undergo an annual verification and management certification process. These quality standards and appropriate regulations coupled with a solid technical platform provide investors with a high level of confidence and enhance their trading experience.

Northern Sphere will continue to trade on the Canadian Securities Exchange under its current symbol “NSM”.

About Northern Sphere Mining Corp.

Northern Sphere is dedicated to growth through the acquisition and development of mining assets, with an emphasis on near term production opportunities. Headquartered in Toronto, Ontario, Northern Sphere has a strong project pipeline of properties with a focus on gold, silver and other metal production in pro-mining jurisdictions.

Cautionary Statements

This press release contains forward-looking statements which reflect Northern Sphere’s current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual results could differ materially from those projected herein. Northern Sphere disclaims any obligation to update these forward-looking statements other than as required by applicable securities laws.

For further information, please contact:

A. John Carter
Chief Executive Officer
Northern Sphere Mining Corp.
Tel: 905-302-3843

$GGX.ca COD vein intercept of 16.3M of 4.59 g/t Gold and 38.64 g/t Silver

Posted by Er at 9:27 AM on Thursday, September 7th, 2017

GGX Gold Drill Intercepts The COD Vein,  Greenwood BC

  • Gold Drop Southwest Zone, Phase 1 Diamond Drill Program
  • Hole COD17-14 returns 4.59 g/t Gold & 38.64 g/t Silver over 16.03 meters
  • Aug 28, 2017  core samples for the COD Vein returned up to 24.1 g/t Gold and 192 g/t Silver

    Vancouver, British Columbia (FSCwire)GGX Gold Corp. (TSXV: GGX) (the “Company” or “GGX”) is pleased to announce it has received analytical results for the second batch of drill core samples from the Phase I diamond drilling program at the Company’s Gold Drop Project near Greewood, BC.  GGX is currently exploring and defining the COD Vein, a Dentonia/Jewel style quartz vein, located in the Gold Drop Southwest Zone. Trenching during 2017 has exposed the northeast – southwest striking COD vein for over 160 meter strike length. The second batch of drill core samples returned significant gold and silver values including a broad intersection in hole COD17-14 (grading 4.59 g/t Gold and 38.64 g/t Silver over 16.03 meters with a high grade core grading 10.96 g/t Gold and 89.86 g/t Silver over 5.97 meters).

     

    The Company had previously received analytical results for 68 trench channel samples. These samples returned anomalous to high grade values for gold, including high values of 43.2 g/t Gold and 224 g/t Silver (News release of July 26, 2017). The first batch of drill core samples for the COD Vein returned up to 24.1 g/t Gold and 192 g/t Silver (News release of Aug 28, 2017).

     

    To view the graphic in its original size, please click here

     

    The Phase I drilling program aimed to delineate the COD Vein in the Gold Drop Southwest Zone from 5 pad locations along the North-south trench.  The drilling tested the vein along 80 meters of strike length. The drilling commenced south of the C.O.D. mine shaft and progressed systematically to the north.  The Phase I drilling totaled 15 holes (691 meters). The objective of the drilling was to determine depth and the dip of the vein exposed at surface and confirm gold and silver mineralization below the channel samples. Drilling to date has confirmed the vein to a vertical depth of 150 feet (46.36 meters), being open at depth.

     

    To view the graphic in its original size, please click here

     

    Drill core is being geologically logged and sampled at the Greenwood facility. The core samples are sawn in half and stored in a secure location. Core samples are being delivered to the ALS Minerals laboratory in Vancouver to be analyzed for gold by Fire Assay – AA. The second batch of samples was also analyzed for 48 Elements by Four Acid and ICP-AES / ICP-MS. Quality control (QC) samples are inserted at regular intervals.

     

    To view the graphic in its original size, please click here

     

    The analytical results listed below are from holes COD17-10 to COD17-14, testing the COD Vein. Since true widths cannot be accurately determined from the information available the core lengths (meters) are reported. The Gold, Silver grade is reported in grams per tonne (g/t). The intervals listed below are from the gold and silver bearing vein and adjacent low grade mineralized envelopes.  The sampling also revealed other intervals with low grade gold (up to 0.4 g/t gold over 1 meter) in veining and / or host rock.

     

    HOLE ID Core interval Length (m) Au g/t weighted average Ag g/t weighted average
    COD17-10 5.45 0.47 4.31
    including 0.27 5.85 63.3
    COD17-11 3.45 1.15 7.31
    including 1.00 2.13 8.61
    COD17-12 2.68 1.03 13.78
    including 0.79 2.89 28.6
    COD17-13 3.32 1.19 11.68
    including 0.67 4.97 51.2
    COD17-14 16.03 4.59 38.64
    Including 5.97 10.96 89.86
    including 0.56 38.4 339
    including 0.60 24.5 257

     

    Hole COD17-14 intersected a broader zone of veining and gold and silver mineralization grading 4.59 g/t Gold and 38.64 g/t Silver over 16.03 meter core length. Core intervals with the silver-grey mineral that was speculated to be the gold/silver telluride Calaverite have returned significant levels of gold and silver. The two higher grade samples from COD17-14 listed in the preceding table also returned higher tellurium values of 211 g/t (0.56 meters) 140 g/t (0.60 meters).

     

    To view the graphic in its original size, please click here

    Quartz veins in COD17-14

     

    Readers are warned that historical records referred to in this News Release have been examined but not verified by a qualified person. Further work is required to verify that historical assays referred to in this News Release are accurate.

     

    David Martin, P.Geo., a Qualified Person as defined by NI 43-101, is responsible for the technical information contained in this News Release.

     

    On Behalf of the Board of Directors,

    Barry Brown, Director

    604-488-3900

     

    Investor Relations: 

     

    Mr.  Jack Singh: 604-720-6598

    E-mail: ir@ggxgold.com

     

     

    “ We don’t have to do this, we get to do this ” 

    The Crew

     

    To view the graphic in its original size, please click here

     

    Forward Looking Information

     

    This news release includes certain statements that constitute “forward-looking information” within the meaning of applicable securities law, including without limitation, the Company’s information and statements regarding or inferring the future business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs of the Company. Such statements include statements regarding the completion of the proposed transactions. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved), and variations of such words, and similar expressions are not statements of historical fact and may be forward-looking statements. Forward-looking statement are necessarily based upon several factors that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements express or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of gold and other metals, anticipated costs and the ability to achieve goals, and the Company will be able to obtain required licenses and permits. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks including that resource exploration and development is a speculative business; that environmental laws and regulations may become more onerous; that the Company may not be able to raise additional funds when necessary; fluctuating prices of metals; the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; operating hazards and risks; and competition. There can be no assurance that economic resources will be discovered or developed at the Gold Drop Property. Accordingly, actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include continued availability of capital and financing and general economic, market or business conditions, the loss of key directors, employees, advisors or consultants, equipment failures, litigation, competition, fees charged by service providers and failure of counterparties to perform their contractual obligations. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

     

    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

    To view this press release as a PDF file, click onto the following link:
    public://news_release_pdf/GGXgold09072017_0.pdf

    Source: GGX Gold Corp. (TSX Venture:GGX, OTC Pink:GGXXF)

Great Atlantic Rock Samples Return up to 5.8 oz. / ton Gold Golden Promise Property in Central Newfoundland

Posted by Er at 10:58 AM on Monday, August 28th, 2017

Image result for Great Atlantic GR

  • Six gold bearing quartz vein zones are located in the central region, “The JaclynZone”
  • Sampling program confirmed gold mineralization outcrop in four quartz vein “Outcrops”
  • Samples from three different areas exceeded 1 oz. / ton gold

VANCOUVER, BC / August 28, 2017 / GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to announce it has received gold analytical results for rock samples collected during May and June at its Golden Promise Gold Property in central Newfoundland. Rock samples were collected in multiple areas within the property, being the initial work in a budgeted 2017 exploration program on the property. The rock sampling program confirmed gold mineralization in quartz vein boulders or outcrop in four areas. Four quartz vein samples from three different areas exceeded 1 oz. / ton gold (34.2857 grams / tonne or g/t Au), including a boulder sample returning a high value of 200 g/t Au (5.8 oz. / ton Au). Trenching has since been completed in one of these areas referred to as the Jaclyn North Zone with analyses pending for rock samples. The Golden Promise Gold Property has been expanded to the current approximate 16,500 hectares.

 

To view a map of the mining area, please click on the following link:

https://www.accesswire.com/uploads/82817_greatatlimage1.png

The Golden Promise Property hosts multiple gold-bearing quartz veins and gold-bearing float boulders. The majority of historic work is reported at the Jaclyn Main Zone in the northern region of the property. A National Instrument (NI) 43-101 compliant inferred resource of 921,000 tonnes at an average grade of 3.02 g/t Au (89,500 ounces contained gold) was reported in 2008 for the Jaclyn Main Zone. Gold recovery from a 2,241 tonne bulk sample collected in 2010 at the Jaclyn Main Zone was reported to average 4.47 g/t Au. The average tails grade for the sample was reported to be 1.12 g/t Au. A “back-calculated head grade of 5.59 g/t Au” was reported for the bulk sample. The Jaclyn Main Zone has been reportedly traced for a strike length of approximately 800 meters (northeast to east striking) through trenching and diamond drilling to approximately 420 meters vertical depth.

 

To veiw a Statlite map of the mining area, please click on the following link:

https://www.accesswire.com/uploads/82817_greatatlimage2.png

The May – June rock sampling program was focused in the central to northern regions of the property and included samples at the Jaclyn North Zone, Jaclyn West (Christopher) Zone, Shawn’s Shot vein and Branden float occurrence. The samples were submitted to ALS Minerals for gold and multi-element analysis. The most significant analytical results are listed in Table 1 (gold values are Screen Metallic Fire Assay gold analyses (total combined analyses of screen undersize and screen oversize fractions)).

 

Sample No.

Au (grams/tonne)

Au (oz./ton)

Float Boulder / Outcrop

Grab / Chip

Zone

GP-R-17-30

200

5.833

Quartz Vein Float

Grab

Branden Float Occurrence
GP-R-17-33

57.2

1.668

Quartz Vein Float

Grab

Branden Float Occurrence
GP-R-17-200

0.54

0.016

Quartz Vein Outcrop

Grab

Jaclyn West (Christopher)
GP-R-17-203

48.2

1.406

Quartz Vein Outcrop

Chip (0.32m)

Shawn’s Shot
GP-R-17-206

6.11

0.178

Quartz Vein Float

Grab

Jaclyn North
GP-R-17-207

1.63

0.048

Quartz Vein Float

Grab

Jaclyn North
GP-R-17-208

70.9

2.068

Quartz Vein Float

Grab

Jaclyn North

Table 1: May – June Golden Promise Rock Samples (grams / tonne Au /34.2857 = oz. / ton Au)

 

Samples GP-R-17-30 and GP-R-17-33 are 1.38 kilogram and 0.88 kilogram grab samples collected from two angular quartz vein boulders at the Branden float occurrence, located in the northeast region of the property, approximately 8.5 kilometers northeast of the Jaclyn Main Zone. Visible gold was identified in both boulders. Reported historic boulder sample assays for this area include 62.6, 72.1 and 80.0 g/t Au.

 

To view an image of Sample GP-R-17-30, please click on the following link:

https://www.accesswire.com/uploads/82817_greatatlimage3.jpg

A portion of sample GP-R-17-30 with visible gold (sample returned 200 g/t Au or 5.8 oz./ ton Au).

 

Samples GP-R-206, 207 and 208 are 1.51, 1.50 and 1.36 kilogram grab samples of quartz vein boulders in the Jaclyn North Zone, located in the northern region of the property. The Jaclyn North Zone is reported approximately 250 meters north of the Jaclyn Main Zone. The three samples were collected east of historic drill holes at this zone. These samples are also in the vicinity of recently completed trenches.

 

To view an image of sample GP-R-17-208, please click on the following link:

https://www.accesswire.com/uploads/82817_greatatlimage4.jpg

A portion of sample GP-R-17-208 (sample returned 70.9 g/t Au or 2.0 oz./ton Au)

The northeast striking Jaclyn North Zone has been reportedly traced for approximately 450 meters and locally to a vertical depth of 175 meters (13 diamond drill holes). The zone is reported to contain 3 quartz veined sub-zones. Reported historic drill hole intersections include:

 

  • GP03-32: 12.13 g/t Au / 0.35m & 12.30 g/t Au / 0.30m
  • GP07-76 (Upper Sub-zone): 11.28 g/t Au / 0.30m
  • GP06-51 (Middle Sub-zone): 5.24 g/t Au / 1.70
  • GP06-47 (Lower Sub-zone): 15.23 g/t Au / 0.30m

 

Sample GP-R-17-203 is a 0.94 kilogram, 0.32 metre chip sample across the Shawn’s Shot quartz vein. The Shawn’s Shot vein is reported in the central region of the property, approximately 7.5 km southwest of the Jaclyn Main Zone. This quartz vein is reported to be 0.35 metres wide, striking slightly southeast in an outcrop along a river. Historic grab samples of this vein were reported to return up to 100.5 g/t Au.

 

Sample GP-R-17-200 is a 1.30 kilogram outcrop grab sample from the Jaclyn West (Christopher) Zone in the northern region of the property. This sample was collected from a historic trench. The Jaclyn West Zone is reported approximately 450 meters southwest of the Jaclyn Main Zone. It is reported to have a known strike length of 35 meters and 2 metre composite vein width. A historic grab sample of a vein sub crop was reported to return 3.8 g/t Au.

 

To view an image of a sample site, please click on the following link:

https://www.accesswire.com/uploads/82817_greatatlimage5.jpg

GGX Gold First Batch of Drilling Results Vein Intersects 24G/t Gold and 192 G/t Silver

Posted by Er at 10:43 AM on Monday, August 28th, 2017

 

  • COD Vein Intersects 24G/t Gold and 192 G/t Silver
  • COD vein has 160 meters of Strike to date
  • Drilling has confirmed the vein to a vertical depth of 120 feet, open at depth.

 

Vancouver, British Columbia – GGX Gold Corp. (TSXV: GGX), (OTC Pinks: GGXXF), (the “Company” or “GGX”) is pleased to announce the first batch of analytical results from the Phase I diamond drilling program at the Company’s  Gold Drop Project near Greewood, BC.  The Company is currently exploring and defining the COD Vein, a Dentonia/Jewel style quartz vein, in the Gold Drop Southwest zone. Trenching during 2017 has exposed the northeast – southwest striking COD vein for over 160m strike length. To date analytical results for 68 trench channel samples have been received, with samples returning anomalous to high grade values for gold, up to 43.2 g/t Gold and 224 g/t Silver (News release of July 26, 2017).

 

 

 

 

To view the graphic in its original size, please click here

 

 

 

The Phase I drilling program aimed to delineate the COD vein in the Gold Drop Southwest zone from 5 pad locations along the North-south trench.  The drilling tested the vein along 80 meters of strike length. The drilling commenced south of the C.O.D. mine shaft and progressed systematically to the north.  The Phase I drilling totaled 15 holes (691 meters). The objective of the drilling was to determine depth and the dip of the vein exposed at surface and confirm gold and silver mineralization below the channel samples. Drilling to date has confirmed the vein to a vertical depth of 120 feet (36.6 meters), being open at depth.

 

 

 

 

To view the graphic in its original size, please click here

 

 

 

Drill core is being geologically logged and sampled at the Greenwood facility. The core samples are sawn in half and stored in a secure location. Core samples are being delivered to the ALS Minerals laboratory in Vancouver to be analyzed for gold by Fire Assay – AA and for 33 other elements by Four Acid and ICP-AES. Quality control (QC) samples are inserted at regular intervals.

 

 

 

 

To view the graphic in its original size, please click here

 

 

 

The analytical results listed below are from the first nine drill holes in the C.O.D area. Since true widths cannot be accurately determined from the information available the core lengths (meters) are reported. The gold and silver grade is reported in grams per ton. The intervals below are from the vein and mineralization envelope intervals.  Other low grade mineralization intervals are found in the host rock.

 

 

 

HOLE ID From To Core interval Length Au gpt Ag gpt
COD17-2 8.96 9.36 0.4 1.86 11
COD17-2 11.5 12.14 0.64 5.08 40.4
COD17-3 15.93 16.15 0.22 8.76 68.9
COD17-3 16.15 16.63 0.48 24.1 192
COD17-4 10.54 11.82 1.28 1.64 11.4
COD17-4 11.82 12.97 1.15 0.75 5.5
COD17-4 22.53 23.19 0.66 3.22 31.2
COD17-4 25.04 25.48 0.44 3.16 33.7
COD17-5 27.37 29.26 1.89 4.11 53
COD17-7 5.55 6.05 0.5 0.82 5.1
COD17-7 6.05 6.57 0.52 1.21 9.6
COD17-8 11.67 12.37 0.7 1.69 14.8
COD17-9 14.5 15.23 0.73 7.37 55
COD17-9 15.98 16.33 0.35 14.85 164
COD17-9 16.33 16.96 0.63 0.26 3.1

 

Tartisan Resources Corp. Announces Closing of Private Placement  for Proceeds of $334,000 at 15 Cents per Unit $TTC.ca

Posted by AGORACOM-JC at 9:00 AM on Friday, May 12th, 2017

Tartisan logo copy

  • Raised $CDN 334,000 via a non-brokered private-placement of 2,226,668 units at CDN $0.15 cents per unit with a full warrant at CDN $0.20 cents, expiring eighteen months from date of closing of this offering
  • Net proceeds from this offering will be used for general working capital purposes and to acquire and further its interests in  properties and projects in Peru

Toronto, Ontario  – Tartisan Resources Corp. (CSE: TTC) (“Tartisan”, or the “Company”) is pleased to announce the closing of a Private Placement of  2,226,668 units at 15 cents per unit.

Private Placement

Tartisan Resources Corp. has raised $CDN 334,000 via a non-brokered private-placement of 2,226,668 units at CDN $0.15 cents per unit with a full warrant at CDN $0.20 cents, expiring eighteen months from date of closing of this offering.

The net proceeds from this offering will be used for general working capital purposes and to acquire and further its interests in  properties and projects in Peru, in particular to initiate a work program on the 100% owned Don Pancho polymetallic zinc-lead-silver-manganese project located 105 kilometers north-northeast of Lima in the Province of Huaral, Department of Lima, Peru and to complete the acquisition of a 100% interest in the Ichuna copper-silver property in South Peru.

Tartisan Resources Corp. common shares are listed on the Canadian Securities Exchange (CSE:TTC). Currently, there are 72,362,443 shares outstanding (88,405,827 fully diluted).

For further information, please contact Mr. D. Mark Appleby, President & CEO and a Director of the Company, at 416-804-0280 (mark@tartisanresources.com). Additional information about Tartisan can be found at the Company’s website at www.tartisanresources.com or on SEDAR at www.sedar.com.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release)

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/TartisanMay122017.pdf

Source: Tartisan Resources Corp. (CSE:TTC)

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Durango Receives OK to Dewater at Dianna Lake Silver, Sask. $DGO.ca

Posted by AGORACOM-JC at 8:56 AM on Thursday, May 11th, 2017

Logo

  • Water Security Agency of Saskatchewan has granted permission for Durango to dewater Pit#1 on its wholly owned Dianna Lake Silver Project in northern Saskatchewan

Vancouver, BC / May 11, 2017 – Durango Resources Inc. (TSX.V-DGO) (OTC- ATOXF) (Frankfurt-86A1), (the “Company” or “Durango”) announces that further to the news release dated May 2, 2017, the Water Security Agency of Saskatchewan has granted permission for Durango to dewater Pit#1 on its wholly owned Dianna Lake Silver Project in northern Saskatchewan.

As previously announced on September 6, 2016, Durango’s team was successful in locating and mapping nearly all historical drill holes, pits, and trenches. In addition, several new silver, copper, and gold-bearing showings were discovered during the 2016 reconnaissance program. The program encountered high-grade silver and copper anomalies which were taken in channel samples from the main zone of historic workings and grab samples from the surrounding areas.

Durango management is preparing a follow-up program for the Dianna Lake property in 2017 which will entail further investigation of the anomalies discovered in 2016 and will also include work on historical Pit#1 (see news releases of July 13, 2016 and September 6, 2016). In 2016, Pit #1 was flooded with water, however, based on historical documentation, the highest-grade silver material was recovered from this historic pit. Now that Durango has the go ahead to dewater Pit#1, the Company plans to fully sample the pit in the upcoming 2017 exploration campaign.

Durango is currently in discussions with its exploration team and more definitive timing on the 2017 summer exploration program at Dianna Lake will be announced as soon as it is available

Figure 1: Sampling Locations Within Historical Pit Area (Highlights)


Click Image To View Full Size

Full-size image at: http://www.durangoresourcesinc.com/dianna-lake-silver-saskatchewan/

Marcy Kiesman, CEO of Durango, comments, “Durango is very pleased with the expediency and the positive response by the Water Security Agency of Saskatchewan. We look forward to sampling the historical pit and verifying the historically documented silver results of Dianna Lake this summer. Durango remains positioned for discovery at the Dianna Lake Silver prospect in Saskatchewan.”

About Dianna Lake Silver, Saskatchewan

Durango’s Dianna Lake silver prospect covers an historical area in which, from 1968 to 1969, two-high grade, primarily native silver-bearing exploration targets of between 30,000 tonnes and 50,000 tonnes grading five to ten ounces per ton silver, approximately 600 meters apart, were determined by trench grab sample assays, according to an historical evaluation report composed for Comaplex Resources in 1980 (1)*.

* Potential quantities and grades are conceptual in nature. There has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

References

  1. (1)”Evaluation report of the Dianna Lake silver-copper property, CBS 3141, S-97735 and S-97736, Uranium City area, Saskatchewan, Canada, for Comaplex Resources International Ltd.,” E.G. Kennedy, P.Eng., 1980.

About Durango

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and certain lithium properties near the Whabouchi mine, the Buckshot graphite property near the Miller Mine in Quebec, the Dianna Lake silver project in northern Saskatchewan, and the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario.

For further information on Durango, please refer to its SEDAR profile at www.sedar.com.

Marcy Kiesman, Chief Executive Officer

Telephone: 604.428.2900 or 604.339.2243

Facsimile: 888.266.3983

Email: durangoresourcesinc@gmail.com

Website: www.durangoresourcesinc.com

Forward-Looking Statements

This document may contain or refer to forward-looking information based on current expectations, including, but not limited to Durango achieving permits, engaging in future drilling or work programs, raising additional funds, exploration results on any of its properties or the and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to the Company’s prospectus filed on its SEDAR profile at www.sedar.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Tartisan Resources Corp. Announces  Private Placement  of 2 Million Units at 15 Cents per Unit $TTC.ca

Posted by AGORACOM-JC at 8:52 AM on Thursday, April 27th, 2017

Tartisan logo copy

  • Raising  $CDN 300,000 via a non-brokered private-placement of 2,000,000 units at CDN $0.15 cents per unit with a full warrant at CDN $0.20 cents, expiring eighteen months from date of closing of this offering

Toronto, Ontario – Tartisan Resources Corp. (CSE: TTC) (“Tartisan”, or the “Company”) is pleased to announce a Private Placement of up to two million units at 15 cents per unit.

Private Placement

Tartisan Resources Corp. is raising  $CDN 300,000 via a non-brokered private-placement of 2,000,000 units at CDN $0.15 cents per unit with a full warrant at CDN $0.20 cents, expiring eighteen months from date of closing of this offering.

The net proceeds from this offering will be used for general working capital purposes and to acquire and further its interests in  properties and projects in Peru, in particular to initiate a work program on the 100% owned Don Pancho polymetallic zinc-lead-silver-manganese project located 105 kilometers north-northeast of Lima in the Province of Huaral, Department of Lima, Peru and to complete the acquisition of a 100% interest in the Ichuna copper-silver property in South Peru.

Tartisan Resources Corp. common shares are listed on the Canadian Securities Exchange (CSE:TTC). Currently, there are 71,064,345 shares outstanding (84,759,982 fully diluted).

For further information, please contact Mr. D. Mark Appleby, President & CEO and a Director of the Company, at 416-804-0280 (mark@tartisanresources.com). Additional information about Tartisan can be found at the Company’s website at www.tartisanresources.com or on SEDAR at www.sedar.com.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release)

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/TartisanApr272017.pdf

Source: Tartisan Resources Corp. (CSE:TTC)

Tartisan Resources Corp. Signs an LOI for the Purchase of the Ichuna Copper-Silver Property in Peru $TTC.ca

Posted by AGORACOM-JC at 8:20 AM on Thursday, March 16th, 2017

Tartisan logo copy

  • Signed a letter of intent with Duran Ventures Inc.  for the purchase of the Ichuña Copper-Silver property in Peru
  • Recently entered into an LOI with Duran regarding the purchase of the Don Pancho property

Toronto, Ontario – Tartisan Resources Corp. (CSE: TTC) (“Tartisan”, or the “Company”) Tartisan Resources Corp. (“Tartisan” or the “Company”) is pleased to announce that the Company has signed a letter of intent (“LOI”) with Duran Ventures Inc. (V-DRV) for the purchase of the Ichuña Copper-Silver property (“Ichuña” or the “Project”) in Peru. Tartisan recently entered into an LOI with Duran regarding the purchase of the Don Pancho property (see Company’s new release dated February 22, 2017).

Tartisan has entered into an agreement with Duran to acquire 100% of the Ichuña Copper-Silver property in Peru located in the department of Moquegua, 825 kilometres southwest of Lima, comprising one concession of 1000 hectares. More specifically, the Ichuña property is located 120 kilometres northeast of Arequipa and is contiguous to the San Gabriel Project, previously called the Chucapaca Project, a gold-silver discovery announced in 2010 through a joint venture with Goldfields Ltd. and Compañia de Minas Buenaventura (“Buenaventura”). An initial resource of 83.7 MT, 1.9 g/t Au, 8.2 g/t Ag and 0.09% Cu for an 5.6 million equivalent Au ounces was published in May 2010*. *(https://www.goldfields.co.za/med_news_article.php?articleID=592)

In August 2014, Buenaventura announced the purchase of Goldfield’s 51-per-cent interest in the San Gabriel Project for $81-million (U.S.) and a 1.5% net smelter royalty (“NSR”) on all metal sales. Currently Buenaventura is proposing an underground mine at the project, specifically on the Canahuire gold zone, located approximately three kilometres to the south of the Ichuña project.

Duran acquired the 1000 hectare Ichuña concession in 2006 before the discovery at San Gabriel. Extensive high grade surface Cu-Ag mineralization was initially observed by Duran’s geologists and was later followed up by a property wide geophysical survey in 2010. The work identified a large IP geophysical anomaly trending northwest-southeast measuring over 1,500 metres in length. It is important to note that the discovery of the Canahuire zone was a blind target with a strong geophysical response. Economic mineralization in the Canahuire zone does not outcrop at surface and follows a recessive area. The geophysical anomaly on Ichuña has similar characteristics to the Canahuire zone.

Duran optioned the property to a third party in 2013 and limited work was undertaken, which included seven diamond drill holes totaling 2,754 metres. Drilling focused only along intrusive and limestone contact(s) where access and community agreements were in place. The drilling did not return significant results along this contact. More importantly, the IP target was not tested adequately as only one hole collared at the most south western tip was completed. A program of more detailed geophysics and diamond drilling is planned to test this extremely interesting target.

The agreement will permit Tartisan to acquire a 100% undivided interest in the Project by paying a total $50,000 and issuing 500,000 common shares by May 17, 2017. Upon completion of 5,000 metres of drilling and/or underground development, a further 150,000 shares are payable, and if a National Instrument 43-101-compliant resource is published, a further 150,000 shares are payable, and if the Company loses control of the project either by sale or joint venture, a further 200,000 shares are payable to Duran. Duran will retain a 2%NSR, of which half (1%) can be purchased by Tartisan for US$500,000.

Tartisan Resources Corp. common shares are listed on the Canadian Securities Exchange (CSE:TTC). Currently, there are 63,287,629 shares outstanding (82,759,982 fully diluted).

For further information on Tartisan, please contact Mr. D. Mark Appleby, President & CEO and a Director of the Company, at 416-804-0280 (mark@tartisanresources.com). Additional information about Tartisan can be found at the Company’s website at www.tartisanresources.com or on SEDAR at www.sedar.com. For further information on Duran, please contact Jeff Reeder at 647-302-3290 (info@duranventuresinc.com) or www.duranventuresinc.com

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

Neither the TSXV, CSE/CNSX nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release)

Jeff Reeder P.Geo. a qualified person in the context of NI 43-101 has reviewed and approved the technical content of this News Release.

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Tartisan03162017.pdf

Source: Tartisan Resources Corp. (CSE:TTC)