Posted by AGORACOM
at 3:28 PM on Thursday, August 20th, 2020
Past Drill Highlights:
KRAC11 32m @ 17.5g/t from 2m,
MRTR001(trench) 11m @ 7.97g/t,
MRRC005 10m @ 9.63g/t from 74m,
MRRC040 5m @ 16.9g/t from 33m
KRC022 10m @7.55g/t from 16m
VANCOUVER, BC, Aug. 20, 2020 /CNW/ – Tajiri Resources Corp. (the “Company”) (TSX VENTURE: TAJ) is pleased to announce that it has entered into an agreement with Sahara Natural Resources (or “Sahara’) to provide full support to the Company’s maiden exploration program on the Reo Gold Project located some 130km west of the country’s capital Ouagadougou in Burkina Faso. Sahara is a full-service natural resource contractor and has been providing services globally since 2010. Sahara is accredited with all major stock exchanges. The contract envisages 4,000- 7,000m of RC drilling and 1,500- 2,500m of diamond core drilling with all work to be conducted by and supervised by Sahara. Drilling is expected to start within the next 2 weeks.
The specific focus of the drill campaign will be at the advanced Morley and K4-K5 prospects with drilling commencing at Morley, where the previous project owner Middle Island Resources identified through drilling and trenching a potential high grade gold bearing structure of 3-10m width and 400 metres in strike, The true extent of which remains unknown. The perspectivity of Morley is clearly demonstrated by numerous drill and trench intersections such as:
KRAC11 32m @ 17.5g/t from 2m,
MRTR001(trench) 11m @ 7.97g/t,
MRRC005 10m @ 9.63g/t from 74m,
MRRC040 5m @ 16.9g/t from 33m
KRC022 10m @7.55g/t from 16m
A minimum of 2,000m of RC drilling is scheduled for Morley with the objective of infilling gaps in previous drilling to demonstrating down continuity and extending the zone along strike. With an extensive collection of historical data to provide a blueprint the Company plans to both confirm and expand on the Morley prospect area in the upcoming program, as there are clear signs of potential for a high grade near surface orebody similar in nature to other mines in the region.
After drilling Morley additional work is planned to continue, without pause, at the K4/K5 prospect, where previous scout drilling of approximately 30,000 metres of various methods has identified a large gold bearing system that to date has been defined to be some 4 x 5 km in size. In addition, in 2013 an IP survey was conducted which identified >20 discrete chargeability + resistivity anomalies which correlate with drill intersected mineralisation such as:
MRRC0047 13m @ 2.47g/t from
MRRB1608 12m @ 3.23 from 4m
MRRC0081 16m @ 1.95g/t from 7m,
6m @ 2.27g/t from 54m,
13m @ 2.19g/t from 85m
MRRC0091 10m @ 3.47g/t from 25m
The planned drill program will include 2,000-4,000m of shallow RC drilling to extend strike from historic drill intersections along the chargeability + resistivity anomalies. Drilling will be on 50-100m strep outs and will test 2-3 of the chargeability + resistivity anomalies as proof of concept before the Company embarks on a resource drilling campaign.
In addition the Company will also test 3-6 deep, highly prospective, resistivity/chargeability IP targets with 1,500-2,000m of diamond core drilling to a depth of ~400m. IP surveys have indicated the presence of 6 targets at depths of between 250m-400m below surface that are 2-4 times the intensity of shallower targets and appear 30-50m in width. To date drilling at K4-K5 has been generally shallow with only 5 diamond drill holes ranging from 71-190m depth having been completed. As only one of these drill holes came close to testing a deeper IP target- MRDD 003 drilled – to a depth of 170m – which intersected at the bottom of the hole a silica-chlorite altered granodiorite which returned 2m @ 16.8g/t between 158 and 160 metres. MRDD 003 was drilled in a down dip direction, did not test the most prospective part of the resistivity/chargeability target, and therefore the possibility that a deeper a higher grade mineralisation is related to the highly altered subsurface intrusion and as such presents an exploration target of the highest priority.
Posted by AGORACOM
at 9:46 AM on Monday, September 30th, 2019
Cardston, Alberta–(Newsfile Corp. – September 30, 2019) – American Creek Resources Ltd. (TSXV: AMK) (“American Creek”) (“the Corporation”) is pleased to announce composite results from JV partner Tudor Gold’s ongoing drill program being conducted at the Treaty Creek Project located in the Golden Triangle of NW British Columbia. As announced on September 23, 2019 we now have results from two deep vertical diamond drill holes (drilled to a depth of over 1,000m) and four definition drill holes. All six holes intercepted significant gold mineralization over wide intervals at the Goldstorm Zone.
Goldstorm Extension
Hole GS19-47 was drilled as a 150m step-out from hole GS19-42
(reported July 30, 2019 averaging 0.683 g/t Au over 780m) and was
drilled vertically to a total depth of 1,199m, ending in mineralization.
The hole contains strong stockwork with gold-bearing mineralization
accompanied by significant base-metal disseminated sulphide
mineralization averaging 0.589 g/t Au over 1081.5mincluding an upper interval of 0.828 g/t Au over 301.5m and a lower interval of 0.930 g/t Au over 207 m.
The hole was stopped in mineralization due to the drill rig reaching
its depth limitation, however, casing was left in the hole for possible
continuation next year.
This 150 meter step-out hole confirms that the Goldstorm system is
gaining strength to the northeast. With this strongly mineralized
intercept, the Goldstorm Zone has been extended by a total of 300m
this year from the best hole drilled in 2018 (CB18-39, averaging 0.981
g/t Au over 563.8m) and has now been traced along strike for over 800
meters.
Goldstorm Definition Drilling
A second deep vertical hole, GS19-48, was drilled to a total depth of
1035m from the same pad as CB18-39 (drilled in 2018). The results
exhibit excellent continuity of mineralization between holes and this
drill hole returned 0.725 g/t Auover 838.5m, including a near surface interval of 328.5m averaging 1.048 g/t gold Au.
Four footwall definition holes (GS19-43 to GS19-46) drilled on
section 109+00 NE, were successful in extending the width of the
mineralized zone, to the southeast into the footwall of the controlling
fault structure.
Hole GS19-43 returned an average of 0.566 g/t Au over 493.5m;
Hole GS19-44 returned an average of 0.807 g/t Au over 267m including 1.065 g/t Au over 150m;
Hole GS19-45 returned an average of 0.719 g/t Au over 325.5m including 1.000 g/t Au over 173m.
Hole GS19-46 returned an average of 0.510g/t Au over 594m including 0.734 g/t Au over 162m.
Tudor Gold Exploration Manager, Ken Konkin explains:
“Given the success of the two deep drill holes GS19-47 and GS19-48, the
Goldstorm System shows no signs of weakening to the northeast and
several more drill holes will be needed to find the length and depth of
this huge gold system. Hole GS19-47 showed a very strong quartz
stockwork system and was still in gold values at the end of the 1,199
meter drill hole. The bottom of GS19-47 averages 0.930 g/t Au over 207 meters.
This is the first time we’ve seen this strength of gold mineralization
at depth. Furthermore, a strong copper association was encountered with
gold values at depth in both GS19-47 and GS19-48.
A 151.5m zone of 0.22% copper with 0.572 g/t gold was intercepted from 665.0 to 816.5 meters in GS19-47 and a 66.0m zone of 0.35% copper with 0.958 g/t gold was intercepted from 874.5 to 940.5m in GS19-48.
Not only does the Goldstorm Zone remain open at depth and along
strike, we are now seeing base-metal associations possibly as part of a
zonation within the metal system.”
The following table provides gold composites from all nine 2019 drill
holes completed on five sections that cut the Goldstorm Zone
Table 1: Gold Composite Intervals for Drill Holes GS19-40 to GS19-48
The following table contains diamond drill hole location data for the
drill holes completed in 2019. See the accompanying plan map that shows
drill hole locations and section lines.
Table 2: Diamond Drill Hole Co-ordinates
* Co-ordinates are subject to completion of final survey readings * Orientations are reported for the azimuth and dip of holes at their collars
Goldstorm Zone Drill Section 109+00 NE, 111+00 NE and 114+00 NE
Section 114+00 NE is a 300 m step-out on strike from 111+00 NE and
hole GS19-47 hosts what is now the longest and deepest gold intercept on
the project to date.
Section 111+00 NE shows the consistency of the upper horizon gold grades between holes and new depth extension in hole GS19-48.
Section 109+00 NE shows four definition holes drilled this season to better outline the extent of the zone to the southeast.
Goldstorm Zone Plan Map
The Goldstorm Zone now extends more than 800 meters in strike length
and remains open along strike to the Northeast and Southwest as well as
to depth.
Goldstorm zone drill sections and the plan map are included at the bottom of the news release.
The diamond drilling program continues with two drill rigs. Additional results will be announced as they become available.
Walter Storm, Tudor Gold President and CEO, stated:
“I am very pleased to see that all nine holes drilled have reported
very good results and we have not missed on any step-out targets nor any
footwall extension holes, they were all hits. These results have proven
that we have an excellent understanding of the structure, geology and
mineralogy of this massive gold system. I am looking forward to
continuing our exploration efforts in order to unlock the full potential
of this large gold system.”
Darren Blaney, American Creek CEO, stated: “The
Goldstorm deposit continues to produced world-class intercepts that are
both deep and yet very strong close to surface. Hole GS-19-48 carries 0.725 g/t Au over 838.5m including a near surface interval of 1.048 g/t over 328.5m. It’s just one of many holes that extend to depth ending in mineralization.
In referring to the step out hole GS-19-47 (0.589 g/t Au over
1081.5m including an upper interval of 0.828 g/t Au over 301.5m and a
lower interval of 0.930 g/t Au over 207 m), Eric Sprott stated “That’s
a huge, huge, huge intersection! I’ve always thought this thing has an
easy shot of coming up with 20 million ounces of low-grade gold and
there’s nothing in these results that will deter me from thinking that,
and they’re well positioned in terms of logistics”. What we’re
really excited about is the richer intersections for hundreds of meters
close to surface throughout the entire Goldstorm system. While this
system is proving to be very deep, the reality is it’s also becoming a
rich gold system close to surface that lends itself towards the
possibility of being open pit mined”.
QA/QC
Drill core samples were prepared at MSA Labs’ Preparation Laboratory
in Terrace, BC and assayed at MSA Labs’ Geochemical Laboratory in
Langley, BC. Analytical accuracy and precision are monitored by the
submission of blanks, certified standards and duplicate samples inserted
at regular intervals into the sample stream by Tudor Gold personnel.
MSA Laboratories quality system complies with the requirements for the
International Standards ISO 17025 and ISO 9001. MSA Labs is independent
of the Company.
Qualified Person
The Qualified Person for this news release for the purposes of
National Instrument 43-101 is Tudor Gold’s Exploration Manager, Ken
Konkin, P.Geo. He has read and approved the scientific and technical
information that forms the basis for the disclosure contained in this
news release.
About American Creek
American Creek is a Canadian junior mineral exploration company with a
strong portfolio of gold and silver properties in British Columbia.
Three of those properties are located in the prolific “Golden
Triangle”; the Treaty Creek and Electrum joint venture projects with
Tudor Gold/Walter Storm as well as the 100% owned past producing Dunwell
Mine.
A major drill program is presently being conducted at Treaty Creek by
JV partner and operator Tudor Gold. There are two drills working on the
Goldstorm zone at present.
The Treaty Creek Project is a Joint Venture with Tudor Gold owning
60% and acting as operator. American Creek and Teuton Resources each
have 20% interests in the project. American Creek and Teuton are both
fully carried until such time as a Production Notice is issued, at which
time they are required to contribute their respective 20% share of
development costs. Until such time, Tudor is required to fund all
exploration and development costs while both American Creek and Teuton
have “free rides”.
The Corporation also holds the Gold Hill, Austruck-Bonanza, Ample
Goldmax, Silver Side, and Glitter King properties located in other
prospective areas of the province.
For further information please contact Kelvin Burton at: Phone: 403 752-4040 or Email: [email protected]. Information relating to the Corporation is available on its website at www.americancreek.com
Figure 1: Goldstorm Zone Selected Results From Deep Step-out Holes
Posted by AGORACOM
at 8:37 AM on Monday, September 23rd, 2019
0.589 g/t Au over 1081.5mincluding an upper interval of 0.828 g/t Au over 301.5m and a lower interval of 0.930 g/t Au over 207 m
The hole was stopped in mineralization due to the drill rig reaching its depth limitation
150 meter step-out hole confirms that the Goldstorm system is gaining strength to the northeast.
Cardston, Alberta–(Newsfile Corp. – September 23, 2019) – American Creek Resources Ltd.
(TSXV: AMK) (“American Creek”) (“the Corporation”) is pleased to
announce results from JV partner Tudor Gold’s ongoing drill program
being conducted at the Treaty Creek Project located in the Golden
Triangle of NW British Columbia. Tudor today announced results from two
deep vertical diamond drill holes (drilled to a depth of over 1,000m)
and four definition drill holes. All six holes intercepted significant
gold mineralization over wide intervals at the Goldstorm Zone.
Goldstorm Extension
Hole
GS19-47 was drilled as a 150m step-out from hole GS19-42 (reported July
30, 2019 averaging 0.683 g/t Au over 780m) and was drilled vertically
to a total depth of 1,199m, ending in mineralization. The hole
contains strong stockwork with gold-bearing mineralization accompanied
by significant base-metal disseminated sulphide mineralization averaging
0.589 g/t Au over 1081.5mincluding an upper interval of 0.828 g/t Au over 301.5m and a lower interval of 0.930 g/t Au over 207 m.
The hole was stopped in mineralization due to the drill rig reaching
its depth limitation, however, casing was left in the hole for possible
continuation next year.
This 150 meter step-out hole confirms
that the Goldstorm system is gaining strength to the northeast. With
this strongly mineralized intercept, the Goldstorm Zone has been extended by a total of 300m
this year from the best hole drilled in 2018 (CB18-39, averaging 0.981
g/t Au over 563.8m) and has now been traced along strike for over 800
meters.
Goldstorm Definition Drilling
Asecond
deep vertical hole, GS19-48, was drilled to a total depth of 1035m from
the same pad as CB18-39 (drilled in 2018). The results exhibit
excellent continuity of mineralization between holes and this drill hole
returned 0.725 g/t Auover 838.5m, including a near surface interval of 328.5m averaging 1.048 g/t gold Au.
Four
footwall definition holes (GS19-43 to GS19-46) drilled on section
109+00 NE, were successful in extending the width of the mineralized
zone, to the southeast into the footwall of the controlling fault
structure.
Hole GS19-43 returned an average of 0.566 g/t Au over 493.5m;
Hole GS19-44 returned an average of 0.807 g/t Au over 267m including 1.065 g/t Au over 150m;
Hole GS19-45 returned an average of 0.719 g/t Au over 325.5m including 1.000 g/t Au over 173m.
Hole GS19-46 returned an average of 0.510g/t Au over 594m including 0.734 g/t Au over 162m.
Tudor Gold Exploration Manager, Ken Konkin explains:
“Given the success of the two deep drill holes GS19-47 and GS19-48, the
Goldstorm System shows no signs of weakening to the northeast and
several more drill holes will be needed to find the length and depth of
this huge gold system. Hole GS19-47 showed a very strong quartz
stockwork system and was still in gold values at the end of the 1,199
meter drill hole. The bottom of GS19-47 averages 0.930 g/t Au over 207 meters.
This is the first time we’ve seen this strength of gold mineralization
at depth. Furthermore, a strong copper association was encountered with
gold values at depth in both GS19-47 and GS19-48.
A 151.5m zone of 0.22% copper with 0.572 g/t gold was intercepted from 665.0 to 816.5 meters in GS19-47 and a 66.0m zone of 0.35% copper with 0.958 g/t gold was intercepted from 874.5 to 940.5m in GS19-48.
Not
only does the Goldstorm Zone remain open at depth and along strike, we
are now seeing base-metal associations possibly as part of a zonation
within the metal system.”
The following table provides gold composites from the six drill holes completed on three sections that cut the Goldstorm Zone.
Table I: Gold Composites for GS19-48 to GS19-43
SECTION
HOLE ID
FROM (M)
TO (M)
Interval (M)
GOLD (g/t)
114+00NE
GS19-47
117.5
1199
1081.5
0.589
including
200
501.5
301.5
0.828
and
986
1193
207
0.93
111+00 NE
GS19-48
97.5
936
838.5
0.725
including
97.5
426
328.5
1.048
109+00 NE
GS19-43
68
561.5
493.5
0.566
including
141.5
561.5
420
0.605
including
141.5
197
55.5
1.005
GS19-44
101
368
267
0.807
including
125
275
150
1.065
GS19-45
44
369.5
325.5
0.719
including
62
278
216
0.901
including
105
278
173
1.000
GS19-46
34.5
628.5
594
0.51
including
175.5
337.5
162
0.734
including
564
600
36
1.328
* All assay values are uncut and intervals reflect drilled intercept lengths.
* True widths of the mineralization have not been determined
Goldstorm Zone Drill Section 109+00 NE, 111+00 NE and 114+00 NE
Section
114+00 NE is a 300 m step-out on strike from 111+00 NE and hole GS19-47
hosts what is now the longest and deepest gold intercept on the project
to date.
Section 111+00 NE shows the consistency of the upper horizon gold grades between holes and new depth extension in hole GS19-48.
Section 109+00 NE shows four definition holes drilled this season to better outline the extent of the zone to the southeast.
Goldstorm Zone Plan Map
The
Goldstorm Zone now extends more than 800 meters in strike length and
remains open along strike to the Northeast and Southwest as well as to
depth.
Goldstorm zone drill sections and the plan map are included at the bottom of the news release.
The diamond drilling program continues with two drill rigs. Additional results will be announced as they become available.
Walter Storm, Tudor Gold President and CEO, stated:
“I am very pleased to see that all nine holes drilled have reported
very good results and we have not missed on any step-out targets nor any
footwall extension holes, they were all hits. These results have proven
that we have an excellent understanding of the structure, geology and
mineralogy of this massive gold system. I am looking forward to
continuing our exploration efforts in order to unlock the full potential
of this large gold system.”
Darren Blaney, American Creek CEO, stated:
“The anticipation of waiting for this 150 meter step-out hole has now
been rewarded with the largest gold interval drilled to date at the
project. Further, all five other holes have also hit significant gold
over wide intervals. Seeing the strong copper zones now showing up in
drill holes has added yet further potential to the possible extent of
the deposit. Clearly, we have a massive, world-class gold system that
still shows no signs of weakening to the northeast nor at depth. The
drilling continues to show strong correlation with the geophysics which
indicates that the gold mineralization potentially continues for
considerable depth below the bottom of the deepest drill holes.
I
can’t state strongly enough how pleased I am with what Walter, Ken and
the Tudor team have accomplished with the Treaty Creek exploration
program!”
QA/QC
Drill core samples were prepared
at MSA Labs’ Preparation Laboratory in Terrace, BC and assayed at MSA
Labs’ Geochemical Laboratory in Langley, BC. Analytical accuracy and
precision are monitored by the submission of blanks, certified standards
and duplicate samples inserted at regular intervals into the sample
stream by Tudor Gold personnel. MSA Laboratories quality system complies
with the requirements for the International Standards ISO 17025 and ISO
9001. MSA Labs is independent of the Company.
Qualified Person
The
Qualified Person for this news release for the purposes of National
Instrument 43-101 is Tudor Gold’s Exploration Manager, Ken Konkin,
P.Geo. He has read and approved the scientific and technical information
that forms the basis for the disclosure contained in this news release.
About American Creek
American
Creek is a Canadian junior mineral exploration company with a strong
portfolio of gold and silver properties in British Columbia.
Three
of those properties are located in the prolific “Golden Triangle”; the
Treaty Creek and Electrum joint venture projects with Tudor Gold/Walter
Storm as well as the 100% owned past producing Dunwell Mine.
A
major drill program is presently being conducted at Treaty Creek by JV
partner and operator Tudor Gold. There are two drills working on the
Goldstorm zone at present.
The Treaty Creek Project is a Joint
Venture with Tudor Gold owning 60% and acting as operator. American
Creek and Teuton Resources each have 20% interests in the project.
American Creek and Teuton are both fully carried until such time as a
Production Notice is issued, at which time they are required to
contribute their respective 20% share of development costs. Until such
time, Tudor is required to fund all exploration and development costs
while both American Creek and Teuton have “free rides”.
The
Corporation also holds the Gold Hill, Austruck-Bonanza, Ample Goldmax,
Silver Side, and Glitter King properties located in other prospective
areas of the province.
For further information please contact Kelvin Burton at: Phone: 403 752-4040 or Email: [email protected]. Information relating to the Corporation is available on its website at www.americancreek.com
Figure 1: Goldstorm Zone Selected Results From Deep Step-out Holes
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 accuracy of this release.
Posted by AGORACOM
at 9:25 AM on Wednesday, September 11th, 2019
The drilling success at American Creek’s Treaty Creek property in BC’s Golden Triangle is showing the potential to give shareholders the type of return experienced by investors in the neighbouring Seabridge KSM a decade ago. Treaty Creek’s Goldstorm deposit is producing world class results including 563m of 0.98 g/t gold and the most recent hole; a 780 meter intercept of 0.683 g/t gold including a high grade upper portion of 1.095 g/t over 370.5 meters. There are some distinct advantages that the Goldstorm has over the KSM which puts American Creek in a uniquely undervalued position within the area.
3 Critical Factors Highlight Treaty Creek Advantage Over KSM:
Treaty Creek Similarities to KSM:
Part of the same Sulphurets Hydrothermal System that contains a mind boggling 188M oz gold, 1.2B oz silver and 55B lbs of copper (all categories) to date (P&P reserves of 47M oz Au, 214M oz Ag, and 10B lbs Cu)
Same trend – deposits occur about every 2-3 km going north with gold grades increasing as the system extends northward – The Goldstorm zone on Treaty Creek is the most northerly deposit
Same Sulphurets thrust fault which Seabridge states was responsible for the KSM deposits – same type of mineral formation beneath the fault
Same types of world-scale deposits (Porphyry and intrusion related) on both properties
Large deposits are found near the red “discovery line†and the Sulphurets fault
2. Treaty Creek Advantages over KSM:
Better logistics – Treaty Creek is located on “the right side of the mountain†with direct access to power and highway leading to the shipping port
Potentially better grades with initial estimates of 1.25 g/t Au at the Goldstorm / Copper Belle Deposit
Potential open pit design requiring a fraction of the capital cost of KSM with a shorter pay back period
Unlike the KSM which consists of copper deposits with low-grade gold, Goldstorm is a gold deposit and does not rely on the value other metals
At the discovery stage of the mining life-cycle where biggest gains are typically made. AMK offers considerable more shareholder upside with each ounce added compared to KSM.
3. KSM dependence on Treaty Creek:
KSM is dependent on twin 22.8km tunnels (MTT), of which 12.2km lies within the Treaty Creek mineral tenures, to get KSM ore to a proposed processing facility and tailings pond
The proposed route for the MTT runs through Treaty Creek in the same general location as the following:
The Kyba Discovery Line – a major geological marker for large deposits
The Sulphurets thrust fault – a major geological marker for large deposits
Geoclastic sequencing – a major geological marker for large deposits
Magnetotelluric anomalies indicating potential large mineral deposits
Magnetic anomalies indicating potential large mineral deposits
American Creek has already increased close to 300% since spring and yet only the initial results from the Goldstorm have come out. Based on the geology, geophysics, and results so far it looks as though things have just started for the company. A major drill program is presently being conducted at Treaty Creek by JV partner and operator Tudor Gold. There are now two drills working on the Goldstorm zone with the objective of defining a significant maiden gold resource. The last hole reported included a 780 meter intercept of 0.683 g/t gold including a higher grade upper portion of 1.095 g/t over 370.5 meters. The Treaty Creek Project is a Joint Venture with Tudor Gold owning 60% and acting as operator, with American Creek holding a 20% interest in the project. American Creek is fully carried until such time as a Production Notice is issued. Until such time, Tudor is required to fund all exploration and development costs while American Creek has a “free rideâ€.
For further information please contact Kelvin Burton at: Phone: 403 752-4040 or Email: [email protected]. Information relating to the Corporation is available on its website at www.americancreek.com
Hub on Agoracom FULL DISCLOSURE: American Creek is an advertising client of AGORA Internet Relations Corp.
Posted by AGORACOM
at 7:26 AM on Thursday, May 16th, 2019
In-fill drilling in the west half of JMZ within conceptual pit-constrained area.
Shallow and deeper in-fill drilling in central-east region of JMZ.
Drilling along projected strike east of JNZ in an area of high-grade quartz boulders (boulder samples of 163, 208 and 332 g/t gold – News Release of August 31, 2017).
Golden Promise Project, Central Newfoundland
VANCOUVER, BC / ACCESSWIRE / May 16, 2019 / GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the “Company” or “Great Atlantic”)
is pleased to announce it has received a diamond drilling permit for
the Company’s Golden Promise Gold Property, located in the central
Newfoundland gold belt. The Company has also begun its 2019 exploration
program on the Golden Promise Property, currently conducting focussed
prospecting and geochemical sampling at high priority targets within the
property. The drilling permit allows for up to 24 drill holes in the
northern half of the property at the gold-bearing Jaclyn Zone,
specifically at the Jaclyn Main Zone (JMZ) and Jaclyn North Zone (JNZ).
Planned drilling will consist of the following:
In-fill drilling in the west half of JMZ within conceptual pit-constrained area.
Shallow and deeper in-fill drilling in central-east region of JMZ.
Drilling
along projected strike east of JNZ in an area of high-grade quartz
boulders (boulder samples of 163, 208 and 332 g/t gold – News Release of
August 31, 2017).
The
Company reported a National Instrument 43-101mineral resource estimate
for the JMZ in late 2018 (News Release of December 6, 2018; and
Sedar-filed National Instrument 43-101 Technical Report on the Golden
Promise Property, Central Newfoundland (revised), dated December 4, 2018
by Mr. Greg Z. Mosher, M.Sc. App., P.Geo., and Mr. Larry Pilgrim,
B.Sc., P.Geo.). The reported inferred mineral resource estimate for the
JMZ is as follows:
Resource
Cutoff Au g/t
Au Cap g/t
Au Uncap g/t
Tonnes
Au Ounces Capped
Au Ounces Uncapped
Total
1.1
9.3
10.4
357,500
106,400
119,900
Pit-Constrained
0.6
11.4
14.1
157,300
57,800
71,200
Underground
1.5
7.5
7.6
200,200
48,600
48,700
Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the Mineral Resources estimated will be converted into Mineral Reserves. Mineral
resource tonnage and contained metal have been rounded to reflect the
accuracy of the estimate, and numbers may not add due to rounding. Mineral resource tonnage and grades are reported as undiluted. Contained Au ounces are in-situ and do not include recovery losses
The
majority of planned diamond drill holes at the Golden Promise Property
will be in-fill drill holes at the JMZ to provide data for an up-dated
JMZ mineral resource estimate, engineering studies and studies of
mineralizing controls. Drilling is also planned testing continuation of
the JNZ east along projected strike. The Company conducted trenching
during 2017 along the projected east strike of the JNZ. The trenching
generally failed to reach bedrock due to thick glacial till. However
gold bearing quartz vein boulders were excavated from multiple trenches,
with some boulder samples returning high grade gold (including 163.99,
208.51 and 332.67 g/t gold: News Release of August 31, 2017). A
qualified person managed the 2017 trenching program and sampling and
verified the analytical data.
Great Atlantic has begun it’s 2019
exploration program on the Golden Promise Property. Prospecting and
geochemical sampling is being conducted at high priority targets in
multiple regions within the property. During the 2017 and 2018 programs,
the Company identified / confirmed areas with gold bearing quartz vein
float or bedrock; and gold soil anomalies. The objective of the current
program is to further define trenching and drilling targets within these
target areas.
The Golden Promise Property hosts multiple gold
bearing quartz veins and is located within a region of recent
significant gold discoveries. The property is located within the
Exploits Subzone of the Newfoundland Dunnage Zone. Within the Exploits
Subzone, the property lies along the north-northwestern fringe of the
Victoria Lake Supergroup (VLSG), a volcano-sedimentary terrane. The
northwestern margin of the Golden Promise Property occurs proximal to,
and, in part, contiguous with a major (Appalachian-scale) collisional
boundary, and suture zone, known as the Red Indian Line (RIL). The RIL
forms the western boundary of the Exploits Subzone. Recent significant
gold discoveries in this region of the Exploits Subzone include those of
Sokoman Minerals Corp. (TSXV.SIC) at the Moosehead Gold Project and Marathon Gold Corp. (TSXV.MOZ) at the Valentine Lake Gold Camp.
During 2018 Sokoman Minerals Corp. (TSXV.SIC) announced
a high-grade gold discovery on its Moosehead Property, located
approximately 40 kilometers east-northeast of the Golden Promise
Property. The discovery was made during the 2018 diamond drilling
program. A drill intersection of 44.96 g/t gold over 11.90 meters core
length was reported including a 1.35 meters core length quartz vein
intersection of 385.85 g/t gold (Sokoman Iron Corp. News Release of July
24, 2018). The Valentine Lake Gold Camp of Marathon Gold Corp. (TSXV.MOZ) is
located approximately 55 kilometers southwest of the Golden Promise
Property. As reported on Marathon’s website, the Valentine Lake Gold
Camp currently hosts four near-surface, mainly pit-shell constrained,
deposits with measured and indicated resources totaling 2,691,400 oz. of
gold at 1.85 g/t gold and inferred resources totalling 1,531,600 oz. of
gold at 1.77 g/t. Readers are warned that mineralization at the
Moosehead Property and Valentine Lake Gold Camp is not necessarily
indicative of mineralization on the Golden Promise Property.
High-grade
gold is reported in quartz veins and quartz vein boulders within the
Golden Promise Property. Gold bearing quartz veins are reported in
multiple areas of the property, including at least 5 gold bearing quartz
vein systems reported in the Jaclyn Zone. Much of the reported
historical exploration within the property has been focused on the
Jaclyn Zone with gold bearing vein systems reported at the JMZ, JNZ,
Jaclyn South Zone, Jaclyn East Zone and Jaclyn West Zone. The majority
of historic drilling (2002-2010) was conducted at the JMZ. Gold bearing
veins and gold bearing float are reported in other regions of the
property. These include the Linda/Snow White vein in the southern
region, Shawn’s Shot vein in the central region and Branden boulder
occurrence in the northern region of the property.
As reported in
the National Instrument 43-101 Technical Report on the Golden Promise
Property, Central Newfoundland (revised), dated December 4, 2018 by Mr.
Greg Z. Mosher, M.Sc. App., P.Geo., and Mr. Larry Pilgrim, B.Sc.,
P.Geo., the JMZ was modelled as a single quartz vein that strikes
east-west and dips steeply to the south. Modelled vein thickness was
based on true thickness derived from quartz vein intercepts. The
estimate is based on 220 assays that were composited to 135 one-meter
long composites. A bulk density of 2.7 g/cm3 was used. Blocks in the
model measured 15 meters east-west, 1-meter north-south and 10 meters
vertically. The block model was not rotated. Grades were interpolated
using inverse-distance squared (ID2) weighting and a search ellipse that
measured 100 meters along strike, two meters across strike and 50
meters vertically. Grades were interpolated based on a minimum of two
and a maximum of 10 composites with a maximum of one composite per hole
so the grade of each block is based on at least two drillholes thereby
demonstrating continuity of mineralization. For the capped mineral
resource estimate, all assays that exceed 65 g/t gold were capped at 65
g/t gold. All resources were classified as Inferred because of the
relatively wide spacing of drill holes through most of the zone.
Because
part of the vein is near surface the resource estimate was constrained
by a conceptual open pit to demonstrate reasonable prospects of eventual
economic extraction. Generic mining costs of US$2.50/tonne and
processing costs of US$25.00/tonne were used together with a gold price
of US$1,300/ounce. A conceptual pit slope of 45° was assumed with no
allowance for mining loss or dilution. Based on the combined
hypothetical mining and processing costs and the assumed price of gold, a
pit-constrained cutoff grade of 0.6 g/t was adopted. For the
underground portion of the resource a cutoff of 1.5 g/t was assumed. The
cutoff grade for the total resource is the weighted average of the
pit-constrained and underground cutoff grades.
Jaclyn Main Zone Total Inferred Mineral Resource Estimate
Resource
Cutoff Au g/t
Au Cap g/t
Au Uncap g/t
Tonnes
Au Ounces Capped
Au Ounces Uncapped
Total
1.1
9.3
10.4
357,500
106,400
119,900
Pit-Constrained
0.6
11.4
14.1
157,300
57,800
71,200
Underground
1.5
7.5
7.6
200,200
48,600
48,700
Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the Mineral Resources estimated will be converted into Mineral Reserves. Mineral
resource tonnage and contained metal have been rounded to reflect the
accuracy of the estimate, and numbers may not add due to rounding. Mineral resource tonnage and grades are reported as undiluted. Contained Au ounces are in-situ and do not include recovery losses
David
Martin, P.Geo., a Qualified Person as defined by NI 43-101 and VP
Exploration for Great Atlantic, is responsible for the technical
information contained in this News Release.
About Great Atlantic Resources Corp.: Great
Atlantic Resources Corp. is a Canadian exploration company focused on
the discovery and development of mineral assets in the resource-rich and
sovereign risk-free realm of Atlantic Canada, one of the number one
mining regions of the world. Great Atlantic is currently surging forward
building the company utilizing a Project Generation model, with a
special focus on the most critical elements on the planet that are
prominent in Atlantic Canada, Antimony, Tungsten and Gold.
On Behalf of the board of directors
“Christopher R Anderson”
Mr. Christopher R. Anderson ‘Always be positive, strive for solutions, and never give up’ President CEO Director 604-488-3900 – Dir
Posted by AGORACOM
at 10:18 AM on Friday, May 10th, 2019
Fortis Metals,
the world’s leading producer of minor metals, recently forecast a
tellurium supply deficit that, “as of 2020 could be as big as a
staggering 370 metric tonnes.â€
Noting the rapidly-growing use of tellurium for thin-film solar panels, Fortis stated:
           “At the moment, we are still seeing (tellurium) inventories in China but these are  being eaten away by the two main suppliers of First Solar (the world’s largest thin-film solar manufacturer). It is only a matter of time before the market will understand the new dynamics and prices will start to reflect the growing deficit. We would not be surprised to see prices break the previous record seen in 2011.â€
GGX
has produced some of the highest grade drill intercepts in the world
over the 2018 drill season, which compliment High Grade Gold intercepts
of:
COD18-67: 129 g/t gold, 1,154 g/t silver and 823 g/t tellurium over 7.28-metre core length;
COD18-70: 107 g/t gold, 880 g/t silver and 640 g/t tellurium over 6.90-metre core length.
FULL DISCLOSURE: GGX Gold is an advertising client of AGORA Internet Relations Corp
Tags: #BC, #Drill, #GGXgold, #GoldDrop, #MTB, #tellerium, #TUE, gold Posted in GGX Gold Corp. | Comments Off on Client Feature: $GGX.ca GGX Discovers Tellerium at GoldDrop along with 2018’s Highest Grade Drill Intercepts in the World over the 2018 Drill Season $APH.ca $TUE.ca $GOM.ca $TYE.ca $NNZ.ca $GTT.ca $AOT.ca $MTB.ca
Posted by AGORACOM
at 5:37 PM on Saturday, April 27th, 2019
Fortis Metals,
the world’s leading producer of minor metals, recently forecast a
tellurium supply deficit that, “as of 2020 could be as big as a
staggering 370 metric tonnes.â€
Noting the rapidly-growing use of tellurium for thin-film solar panels, Fortis stated:
“At the moment, we are still seeing (tellurium) inventories in China but these are being eaten away by the two main suppliers of First Solar (the world’s largest thin-film solar manufacturer). It is only a matter of time before the market will understand the new dynamics and prices will start to reflect the growing deficit. We would not be surprised to see prices break the previous record seen in 2011.â€
GGX
has produced some of the highest grade drill intercepts in the world
over the 2018 drill season, which compliment High Grade Gold intercepts
of:
COD18-67: 129 g/t gold, 1,154 g/t silver and 823 g/t tellurium over 7.28-metre core length;
COD18-70: 107 g/t gold, 880 g/t silver and 640 g/t tellurium over 6.90-metre core length.
FULL DISCLOSURE: GGX Gold is an advertising client of AGORA Internet Relations Corp
Tags: #BC, #Drill, #GoldDrop, #silver, #tellerium, $GGX Posted in GGX Gold Corp. | Comments Off on Client Feature: GGX Discovers Tellerium at GoldDrop along with 2018’s Highest Grade Drill Intercepts in the World over the 2018 Drill Season $GGX.ca $APH.ca $TUE.ca $GOM.ca $TYE.ca $NNZ.ca $GTT.ca $AOT.ca $MTB.ca
VANCOUVER, BC / ACCESSWIRE / April 15, 2019 / GGX Gold Corp. (TSX-v: GGX), (OTCQB: GGXXF), (FRA: 3SR2) (the “Company” or “GGX“) is pleased to announce it has begun the spring 2019 diamond drilling program on the Gold Drop Property, located in Southern British Columbia. The drilling program will focus on the C.O.D vein located in the Gold Drop Southwest Zone. The Company intersected near-surface, high- grade gold, silver and tellurium within the C.O.D vein during 2018 diamond drilling, including:
GGX is kicking off its 2019 exploration program with drilling on the C.O.D vein (C.O.D stands for “Continuation of Dentonia”; the Dentonia is another gold-quartz vein in the camp that was historically mined). The C.O.D vein was first targeted by GGX in 2017. Initial sampling of the vein justified follow-up trenching and drilling. In 2018, the drilling program followed on and included a series of holes drilled to the south of the C.O.D trench that successfully extended the vein for a total length of nearly 400 meters and intersected high grade mineralization. The assay results (please refer to the Company’s website for News Releases announcing these results) include the following highlights:
Hole ID
Interval Length
Gold (gpt)
Silver (gpt)
Te (gpt)
COD17-14
16.03
4.59
38.64
COD18-3
2.1
14.62
150.2
102
COD18-26
1.4
10.3
1.09
0.2
COD18-32
1.51
3.67
67.2
30.4
COD18-33
2.98
8.65
47.6
37.3
COD18-34
3.41
6.16
72.4
31.0
COD18-37
3.95
8.23
67.36
38.53
COD18-45
2.05
50.15
375
COD18-46
1.47
54.9
379
COD18-49
1.47
9.52
118
72.2
COD18-54
1.66
7.6
60.2
34.1
COD18-61
1.38
5.29
32.4
31.4
COD18-63
1.17
28
424.7
150.4
COD18-67
7.28
129.11
1,154.90
823.0
COD18-68
2.76
8.77
85.4
56.3
COD18-69
7.46
5.76
67.9
61.2
COD18-70
6.9
107.5
880
640
For
2019, the drilling will be initially aimed at extending and in-filling
the ore shoot of high-grade gold-silver-tellurium mineralization that
was intersected in 2018. Following this, the Everest vein to the south,
and the C.O.D. extension to the north will be drill-tested.
The
highlights of the 2018 diamond drilling program are drill holes COD18-67
and COD18-70 that intersected near-surface, high-grade gold, silver and
tellurium in the southern extension of the C.O.D vein. COD18-67
intersected 129 grams per tonne (g/t) gold, 1154 g/t silver & 823
g/t tellurium over 7.28-meter core length while COD18-70 intersected 107
g/t gold, 880 g/t silver & 640 g/t tellurium over 6.90-meter core
length (News Releases of January 11, January 18 and March 18, 2019). The
C.O.D. vein system is open along strike and at depth.
No
previous diamond drilling has been completed at the C.O.D. extension to
the north. The 2018 trenching program exposed numerous vein showings
with grab samples up to 15.45 g/t gold, 159 g/t silver Ag and 114.5 g/t
tellurium. A chip sample (0.4 meters long) returned 21.7 g/t gold, 216
g/t silver and 149 g/t tellurium (News Release of February 27, 2019).
David Martin, P.Geo., a Qualified Person as defined by NI 43-101 and
consultant for GGX Gold Corp., is responsible for the technical
information contained in this News Release.
To view the Original News release with pictures please go to the website or contact the company.
On Behalf of the Board of Directors, Barry Brown, Director 604-488-3900 [email protected]
“We don’t have to do this, we get to do this” The Crew
Forward Looking Information
Tags: #BC, #Drill, #GGXgold, #silver, #tellerium, gold Posted in GGX Gold Corp. | Comments Off on GGX Gold $GGX.ca Begins Diamond Drilling Program On the Gold Drop Property, Southern British Columbia $APH.ca $TUE.ca $GOM.ca $TYE.ca $NNZ.ca $GTT.ca $AOT.ca $MTB.ca
