Posted by AGORACOM
at 10:54 AM on Tuesday, April 9th, 2019
American Creek has operated in the Golden Triangle region for 15 years and has three noteworthy projects.
Ken Konkin (former head geologist for Pretivm and instrumental in the discovery and development of the Brucejack / VOK mine) now heading our JV partner Tudor Gold’s geological team to develop Treaty Creek.
The geology, geophysics and structure are showing potential for similar scale to the rest of the Sulphurets Hydrothermal System, and the drilling to date is confirming
The string of porphyry related deposits running through the Sulphurets Hydrothermal system have stronger gold equivalent grades the further north you go. The Goldstorm deposit on Treaty Creek property is richer in gold and total gold equivalent than the KSM deposits further to the south
Treaty Creek is “on the right side of the hill” where there is direct access to highway 37 and the high-power transmission line making logistics markedly better than for deposits further south.
The Treaty Creek JV property has a fully carried interest to production
Posted by AGORACOM
at 11:14 AM on Tuesday, April 2nd, 2019
Phase 1: Drilling Identified 4 Epithermal Veins -3 Have Demonstrated Greater Thickness at Depth
Phase 2: Drilling Identified 30 new Epithermal veins in 2 drill holes
Phase 3 Drilling:
In
the first two phases of drilling, Advance discovered a cluster of
epithermal veins, all but a few of them blind, which suggests this
drilling intersected the top of the epithermal vein system.
A
key focus of the phase 3 drilling will be to drill deeper and target the
boiling zone of the epithermal vein system. The cluster of veins dip
toward a fault which is considered a key structural feature.
A
proposed hole will start from the east side of the fault, drill west, to
then go through the cluster of veins to catch them at the boiling zone.
The
other key focus will be to drill a few shallow holes near a 12 metre
intersection of the Tabasquena vein in the oxides. This vein in the
oxides is much wider than the historical 2-4 metre mining width utilized
by former operator Penoles, which was across 2-4 metres. This
intersection was a 125 metre step out to the north of the old mine
workings and is approximately 75 metres along strike from the 100 metre
deep shaft and headframe.
Advance has mining equipment and the Tabasquena project is fully permitted for mining.
FULL DISCLOSURE: Advance Gold is an advertising client of AGORA Internet Relations Corp
Posted by AGORACOM
at 10:35 AM on Monday, April 1st, 2019
Two field programs in Labrador over 2 seasons
26,000 soil samples, 1,547 lake sediment samples and 728 rock samples over area that covered 1,701 square kilometres,
Narrowed exploration focus to the two most prospective properties having identified regional scale gold anomalies on both
Ashuanipi: anomalies identified a 15 kilometre long by 2 to 6 kilometre wide north-south trend and a second 14 kilometre long by 2 to 4 kilometre wide east-west trend.
Hopedale project successfully identified gold mineralization over a three km segment of the northern Florence Lake greenstone belt known as Thurber Dog, gold anomalies also occurred along the entire 40km length of the southern Florence Lake greenstone belt.
Summer 2019 – Evaluate multiple compelling targets and undertake the first drilling for gold on either property.
March 28, 2019
It has been less than two years since I met Shawn Ryan and launched
Labrador Gold and yet we have accomplished so much in that short time.
We raised over $5 million, and in the process attracted investors such
as Mr. Rob McEwen, Chairman and Chief Owner of McEwen Mining Inc.,
Plethora Precious Metals Fund, RyanWood principals Shawn Ryan and Cathy
Wood, as well as friends and associates of management. We completed two
field programs in Labrador, taking over 26,000 soil samples, 1,547 lake
sediment samples and 728 rock samples. Following the first program we
narrowed our focus to the two most prospective properties having
identified regional scale gold anomalies on both. This year we will
evaluate multiple compelling targets and undertake the first drilling to
be carried out for gold on either property.
Both Shawn and I started in the mining industry when companies still
did grassroots, reconnaissance scale exploration as a matter of course.
We routinely used stream sediment sampling, soil sampling, till sampling
and prospecting over large properties to continuously narrow down the
search to the most prospective areas. Done correctly, it is an unbiased
means of rapidly assessing the exploration potential of a region and it
works. Shawn used soil sampling as the primary means for discovering
gold deposits in the Yukon that add up to over 7.5 million ounces. I was
part of team that used soil sampling to find the Navachab gold deposit
in Namibia, which still had resources of 3.9 million ounces in 2014
following 15 years of production. Based on these successes it made sense
to apply the same method to the Labrador properties.
Labrador Gold is the first company to take such a systematic approach
to gold exploration in Labrador. Shawn used publicly available data,
including mineral occurrences and assays of lake sediments, soil
samples, and rock samples to stake three properties that covered 1,701
square kilometres, an area just smaller than the Indian Ocean island of
Mauritius. We started narrowing the area down in 2017 with regional
scale soil and lake sediment sampling and limited prospecting. The
results were encouraging.
Two of the properties, Hopedale and Ashuanipi, showed significant
gold anomalies in both soils and lake sediments with values up to 2.1g/t
in the soil samples. At Ashuanipi the anomalies identified a 15
kilometre long by 2 to 6 kilometre wide north-south trend and a second
14 kilometre long by 2 to 4 kilometre wide east-west trend. The
anomalies are broadly associated with magnetic highs and do not show any
correlation with specific rock types suggesting a structural control on
the localization of the gold anomalies. As a result of the successful
program we added claims to the northern claim block in both Labrador and
Quebec to cover potential extensions of the anomalies.
Gold in soil anomalies at the Hopedale project successfully picked up
known gold mineralization over a three km segment of the northern
Florence Lake greenstone belt known as Thurber Dog indicating that the
technique works in Labrador. What was particularly exciting was that
gold anomalies also occurred along the entire 40km length of the
southern Florence Lake greenstone belt. This belt has many
characteristics of greenstone belts elsewhere in the world including
major crustal scale structures, greenschist facies metamorphism, the
presence of felsic porphyries and granitic intrusions and similar
volcanic rocks. In terms of size, it is intermediate between the
Kirkland Lake and Timmins gold camps of Ontario. Such greenstone belts
are prolific hosts of gold elsewhere in the world. As such, and based on
our results so far, it is quite possible that future exploration may
result in the discovery of one or more gold deposits at Florence Lake.
In terms of exploration maturity, Florence Lake is at the stage the
Timmins camp was over a hundred years ago.
Encouraged by the success of our 2017 field work, we planned a follow
up program of detailed soil sampling on grids with lines spaced at 100
metres and sample intervals of 25 metres along the lines. This would
allow better resolution of potential gold mineralization highlighted by
the samples. At Ashuanipi, we took 7,475 soil samples on 18 grids across
the Ashuanipi north claim block and along 61 reconnaissance soil lines
over the claims staked in 2018. Results of analyses showed significant
gold anomalies in all but two of the 18 grids and confirmed the 15km
north-south anomalous trend with values up to 8,970 ppb Au (8.97g/t) and
67 samples containing more than 100 ppb (0.1g/t) Au. These results
suggest a robust mineralized system that is regional in extent with
elevated values indicating potential sites of near surface gold
mineralization.
At Hopedale, we took more than 10,000 soil samples on 12 grids along
the length of the Florence Lake greenstone belt covering anomalous
gold-in-soil targets with favorable geology and structure. Results
showed 34 samples with values greater than 100 ppb (0.1g/t) Au, with
five of these samples grading greater than 1,000 ppb (1g/t) Au. Elevated
gold values were found in samples from all 12 grids. The highest
concentrations of samples with anomalous gold are found in the Thurber
Dog, Jasmine and Misery grids. The anomalies extend along strike for 5km
at Thurber Dog and 1.8km at Misery. Rock samples collected during
mapping and prospecting showed 80 samples with values greater than 0.1
g/t gold including 17 samples that assayed greater than 1 g/t gold with a
high of 11.4 g/t gold in a select grab sample from a quartz vein with
pyrite and arsenopyrite mineralization.
Our first two field seasons using systematic sampling to narrow down
areas of potential gold mineralization have been a success. Three areas
were identified for further follow up on each of the Hopedale and
Ashuanipi properties. Compilation and interpretation of all data
including new aeromagnetic data, will refine these areas to ensure
efficient, targeted assessment of their potential in the field. Initial
follow up will include detailed mapping and rock sampling of each area.
Once we receive the assays we expect to begin a drilling program on the
most prospective targets in late summer.
The significant decline in discovery rates worldwide over the past
decade calls for a more disciplined approach to exploration with longer
term thinking. We have embraced this idea with our work in Labrador over
the past two years and with the support of our shareholders have made
big strides towards discovery. Based on our results to date I have a
feeling that the 2019 field season will be an exciting one. I hope you
will join us for the ride.
Posted by AGORACOM
at 8:15 AM on Monday, April 1st, 2019
Drilling occurred in northwest region of the property, 1.5 km NW of the historic Keymet Mine.
Ky-18-14: 7.89% zinc equivalent over 34.3 meters (From 46.20 m to 80.50 m)
Elmtree 12 vein: System traced to approximately 145 meters depth, open at depth
Elmtree 12 vein: Strike length of approximately 110 meters and open along strike
The Company’s focus since acquiring the Keymet Property is the area of
reported polymetallic veins with most work in the area of the Elmtree 12
copper-lead-zinc-silver bearing vein system.
At
least seven vein occurrences with lead, zinc and +/- copper, silver and
gold are reported in this region of the property in addition to the
polymetallic veins reported at the historic Keymet Mine
FULL DISCLOSURE: Great Atlantic is an advertising client of AGORA Internet Relations Corp
Posted by AGORACOM
at 10:40 AM on Thursday, March 28th, 2019
3 prospecting licenses have been issued for the three claims that comprise the Advane Gold – Acacia Mining JV
Two of the claims are located on either side of Acacia Mining’s 100% owned ground on the Liranda corridor.
Acacia’s 100% owned ground Owns a resource estimate of 1.2 million ounces of gold with an average grade of 12.6 g/t.
Claim PL/2018/0211 has seen past drilling that returned a highlight hole of 6 metres of 30.9 g/t gold, April 18/2016
Vancouver, British Columbia–(Newsfile Corp. – March 28, 2019) –
Advance Gold Corp. (TSXV: AAX) (“Advance Gold” or “the Company”) is
pleased to announce that new prospecting licenses have been issued for
the three claims (PL/2018/0210, PL/2018/0211 and PL/2018/0212) that make
up the West Kenya, Advance Gold – Acacia Mining joint venture. Two of
the claims are located on either side of Acacia Mining’s 100% owned
ground on the Liranda corridor.
On Acacia’s 100% owned ground a
resource estimate (from the Isulu Shoot) was announced in February 2018,
consisting of 1.2 million ounces of gold with an average grade of 12.6
g/t. The Isulu Shoot zone is contiguous to Advance Gold’s license
PL/2018/0211 and PL/2018/0210. Mineralization hosted on Acacia’s
property is not necessarily indicative of the mineralization hosted on
the properties that make up the Advance-Acacia joint venture. In
addition, claim PL/2018/0211 has seen past drilling that returned a
highlight hole of 6 metres of 30.9 g/t gold, see April 18/2016 news
release.
The joint venture is owned 85.37% by Acacia and 14.63%
by Advance Gold. If during the joint venture either party decides to
sell their interest, the other party has a first right of refusal on any
offering price. If Advance Gold is diluted down to a 10% interest
(approximately $1.7 million in exploration to dilute), then its interest
converts to a 3% uncapped net smelter royalty (NSR). In the event that
Advance Gold is diluted to a NSR, Acacia Mining has no first rights of
refusal and the NSR can be sold directly to any interested party.
Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “Management
is delighted with the new licenses for our strategically located claims
in Kenya that have been recently re-issued. The joint venture claims
have seen high-grade gold intersections in past drilling, and are
located on the Liranda corridor on either side of Acacia Mining’s
high-grade gold resource at their Isulu Shoot. Based on the past work at
the joint venture claims, including drilling, geophysics, and surface
sampling, the potential of the project is clear and why an Acacia Mining
sized company is our partner. Acacia Mining is 64% owned by Barrick
Gold Corporation, so it is fair to say from Barrick’s public statements
about deposit size, that they are looking for more than 1.2 million
ounces. A logical move by Acacia Mining will be to drill more
extensively on the joint venture ground so as to enhance Acacia Mining’s
known resource. Now that we have the new licenses, Advance Gold will
evaluate its options to participate in further exploration, or be
diluted down to a NSR. We are also considering the option to sell our
interest as we feel that it is an attractive asset for gold miners,
streamers and royalty companies that are hard pressed to put their cash
to work as there aren’t a lot of high-grade gold projects to choose
from.”
About the Liranda Corridor Claims
The
Liranda Corridor is found on the map below (from the Acacia Mining
corporate presentation Feb. 2019) and it has been the focus of Acacia’s
exploration in western Kenya.
On Acacia Mining’s 100% owned
ground, they have an inferred resource of 1.2 million ounces at 12.1 g/t
gold. The entire resource is on the Isulu Shoot and can be seen in the
upper right corner of the map and is highlighted in red. The Isulu Shoot
occurs in the same structures that extend onto the Advance Gold-Acacia
Mining joint venture ground.
Past drilling on the joint venture
ground, has returned some of the highest reported grades from the
Liranda corridor. Including highlight drill intersections of 6 metres of
30.9 g/t gold (drillhole – KDAC0152), see April 18/2016 news release.
Acacia
Mining has determined the scope of the resource on their 100% ground.
It is clear from the geological setting, the structural trends and past
drilling on the joint venture ground that it is a prime target area to
enhance the Acacia Mining resource.
Julio
Pinto Linares is a QP, Doctor in Geological Sciences with specialty in
Economic Geology and Qualified Professional No. 01365 by MMSA., for
Advance Gold and is the qualified person as defined by National
Instrument 43-101 responsible for the accuracy of technical information
contained in this news release.
Other News
The
company would like to report the retirement of Jim Gillis. He will be
stepping down as the Chairman of the Board and director and will be
replaced by current director Bradley Newell.
The board of
directors would like to thank Jim Gillis for his many years of guidance
and wish him all the best in his retirement.
In addition to
Bradley Newell being a director that has been helping guide the company,
he is also the largest individual shareholder.
About Advance Gold Corp. (TSXV: AAX)
Advance
Gold is a TSX-V listed junior exploration company focused on acquiring
and exploring mineral properties containing precious metals. The Company
acquired a 100% interest in the Tabasquena Silver Mine in Zacatecas,
Mexico in 2017, and the Venaditas project, also in Zacatecas state, in
April, 2018.
The Tabasquena project is located near the Milagros
silver mine near the city of Ojocaliente, Mexico. Benefits at Tabasquena
include road access to the claims, power to the claims, a 100-metre
underground shaft and underground workings,plus it is a fully permitted mine.
Venaditas
is well located adjacent to Teck’s San Nicholas mine, a VMS deposit,
and it is approximately 11km to the east of the Tabasquena project,
along a paved road.
In addition, Advance Gold holds a 14.63%
interest on strategic claims in the Liranda Corridor in Kenya, East
Africa. The remaining 85.37% of the Kakamega project is held by Acacia
Mining (63% owned by Barrick Gold Corporation).
For further information, please contact: Allan Barry Laboucan, President and CEO Phone: (604) 505-4753 Email: [email protected] Corporate website: www.advancegold.ca
Posted by AGORACOM
at 8:38 AM on Wednesday, March 20th, 2019
VANCOUVER, BC / ACCESSWIRE / March 20, 2019 / GGX Gold Corp. (TSX-V: GGX), (OTCQB: GGXXF), (FRA: 3SR2) (the “Company” or “GGX“)
is pleased to announce it has begun preparing for the spring 2019
diamond drilling program on the Gold Drop Property, located in Southern
British Columbia. The program is scheduled to begin in early April. The
spring drilling program will focus on the COD vein located in the Gold
Drop Southwest Zone. The program will further test the southern
extension of the COD vein. The Company intersected near-surface, high-
grade gold, silver and tellurium in this part of the vein during 2018
diamond drilling.
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 COD 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
COD vein system has been traced by trenching and diamond drilling for
close to 400 meters along strike. The vein system is open along strike
and at depth.
Intersections
for 2017 and 2018 diamond drill holes at the C.O.D. vein include the
following (please refer to the Company’s website for News Releases
announcing these results):
Other
targets in the Gold Drop Southwest Zone include the COD north region.
No previous diamond drilling has been completed in this region. 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).
Data from the previous exploration programs is currently under review to identify other specific exploration targets.
The
Company is also pleased to announce that it has arranged a non-brokered
private placement of 4.2 million flow through units at a price of
Cdn$0.12 per unit for gross proceeds of $504,000. Each Flow-Through Unit
consists of one common share that qualifies as a “flow-through share”
as defined in subsection 66(15) of the Income Tax Act and one
transferable common share purchase warrant. Each whole warrant
will entitle the holder to purchase, for a period of 18 months from the
date of issue, one additional non-flow-through common share of the
Issuer at an exercise price of Cdn$0.15 per share. The proceeds of the
private placement will be used for continued exploration work including
diamond drilling and trenching at the Company’s Gold Drop property near
Greenwood in Southern British Columbia.
A finder’s fee may be paid
to eligible finders in accordance to the TSX-V policies. All securities
issued pursuant to the offering will be subject to a hold period of
four months and one day from the date of closing. The offerings and
payment of finders’ fees are both subject to approval by the TSX-V.
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]
Tags: #BC, #Drilling, #Tellerium #GoldDrop, gold Posted in GGX Gold Corp. | Comments Off on GGX Gold $GGX.ca Announces Diamond Drilling Program & Financing on the Gold Drop Property $APH.ca $TUE.ca $GOM.ca $TYE.ca $NNZ.ca $GTT.ca $AOT.ca $MTB.ca
Posted by AGORACOM-JC
at 8:11 AM on Wednesday, March 20th, 2019
2018 drilling program a total success, expanding the size of the McKenzie Break deposit and confirming its high-grade potential.
Visible gold found in 17 of the 61 holes, including hole MK-18-196,
which intersected 265.00 g/t Au over 0.6 metres, and hole MK-18-216 with
93.80 g/t Au over 0.5 metres
Highlights of the third and last set of results for the 13,945-metre 2018 diamond drilling program:
Hole MK-18-236: 12.60 g/t Au over 1.35 metres, incl. 55.90 g/t Au
over 0.3 metres, and 13.40 g/t Au over 2.0 metres, incl. 26.40 g/t Au
over 1.0 metre
Hole MK-18-231: 15.74 g/t Au over 1.5 metres
Hole MK-18-222: 13.95 g/t Au over 1.0 metre
Hole MK-18-232: 6.84 g/t Au over 2.0 metres, incl. 13.65 g/t Au over 1.0 metre
MONTREAL, March 20, 2019 – MONARCH GOLD CORPORATION (“Monarch” or the “Corporation”) (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to report the third and last set of assay results from the 2018 diamond drilling program at its wholly owned McKenzie Break gold project 25 kilometres north of Val-d’Or, near its Camflo and Beacon mills. The program started in September 2018 and ended in December 2018, with a total of 13,945 metres drilled in 61 holes. The purpose of the program was to explore below the known lenses and on the periphery of the multi-vein Green and Orange zones. Assays have been received for the last 20 holes totalling 5,052 metres of core (see table below and press releases dated February 28, 2019  and March 13, 2019 for a compilation of the 2018 assay results).
“With the solid high-grade results obtained from our 2018 drilling
program, we have upgraded the status of McKenzie Break as one of our
prime advanced exploration projects,” said Jean-Marc Lacoste,
President and Chief Executive Officer of Monarch. “The program
delivered beyond our expectations, enabling us to establish that the
deposit remains open to the west, east, north and at depth and continues
to hold excellent high-grade gold potential (see plan view and longitudinal).
In fact, the next resource estimate has the potential to expand the
underground deposit by 250 metres to the east, 100 metres to the north
and 50 metres to the west. There is still a lot of exploration work to
be done to fully assess the size and magnitude of this deposit, which
remains largely underexplored. We are presently analyzing the results of
the 2018 drilling and planning the follow-up program for 2019.”
Hole MK-18-236 returned 12.60 g/t Au over 1.35 metres, including
55.90 g/t Au over 0.3 metre at 80 metres below surface. This interval is
65 metres southeast of hole MK-18-210, which returned a grade of 12.50
g/t Au over half a metre from the same horizon as hole MK-18-236,
thereby extending the lens to the east and showing that it is still
open. Hole MK-18-236 also intersected another lens, at a depth of 145
metres from surface, with values of 13.40 g/t Au over 2.0 metres,
including 26.40 g/t Au over 1.0 metre, and 75 metres north, on the same
horizon, hole MK-18-232 returned values of 6.84 g/t Au over 2.0 metres,
including 13.65 g/t Au over 1.0 metre. These two intersections are
connected by hole MK-18-211, 100 metres northwest of hole MK-18-236. The
combination of these three holes on the same horizon will increase the
underground resource in this sector.
Hole MK-18-231, which returned a grade of 15.74 g/t Au over 1.5
metres, is to the north of the planned Green Zone open pit, in the
middle of a triangle of three holes drilled by Monarch in 2018. These
four holes are interpreted as being connected and are on the same
horizon, creating a new lens. The three other holes are an average of 65
metres from hole MK-18-231 and grade an average of 5.42 g/t Au. The
lens lies 200 metres below surface.
Hole MK-18-222 returned a grade of 13.95 g/t Au over 1.0 metre from
68 metres below surface. This intersection is 70 metres northwest of the
Green Zone open pit and will help to increase the underground resource.
Third set of drill results for the McKenzie Break property:
Hole
Length
From
To
Width*
Grade Au
number
(m)
(m)
(m)
(m)
(g/t)
MK-18-222
177
64.1
65.0
0.9
5.14
68.0
69.0
1.0
13.95
102.0
103.0
1.0
4.68
141.0
142.5
1.5
5.40
Including
141.0
141.5
0.5
14.00
MK-18-223
150
20.7
22.6
1.9
6.18
Including
21.6
22.1
0.5
8.99
65.4
66.3
0.9
2.03
69.6
70.6
1.0
3.69
100.5
105.1
4.6
2.18
Including
102.8
103.9
1.1
3.95
122.8
125.3
2.5
2.19
Including
124.0
125.3
1.3
3.17
MK-18-224
210
174.0
178.0
4.0
2.75
Including
177.0
178.0
1.0
6.11
MK-18-225
210
68.0
68.5
0.5
8.11
175.0
176.3
1.3
2.42
MK-18-226
276
244.55
246.5
1.95
3.09
Including
246.0
246.5
0.5
9.58
274.1
275.0
0.9
2.70
MK-18-227
228
101.0
101.5
0.5
3.86
168.7
171.8
3.1
0.89
Including
170.5
171.1
0.6
2.74
MK-18-228
216
34.0
37.0
3.0
2.42
88.0
89.0
1.0
9.37
MK-18-229
243
103.0
104.0
1.0
2.79
196.0
198.0
2.0
1.61
Including
197.0
198.0
1.0
2.39
MK-18-230
270
152.0
153.0
1.0
3.54
175.5
176.2
0.7
2.59
198.0
200.0
2.0
3.84
Including
199.0
200.0
1.0
6.20
MK-18-231
258
197.0
198.5
1.5
17.45
197.0
211.0
14.0
2.38
MK-18-232
252
158.0
160.0
2.0
6.84
Including
159.0
160.0
1.0
13.65
188.0
189.0
1.0
3.25
MK-18-233
247
137.75
138.5
0.75
1.36
MK-18-234
276
234.0
235.8
1.8
7.80
Including
235.0
235.8
0.8
17.30
MK-18-235
269
138.0
139.0
1.0
2.19
244.65
248.0
3.35
3.83
Including
244.65
245.4
0.75
10.60
MK-18-236
288
77.65
79.0
1.35
12.6
Including
77.65
77.95
0.3
55.9
143.0
145.0
2.0
13.40
Including
143.0
144.0
1.0
26.40
236.0
236.55
0.55
3.10
277.0
279.0
2.0
2.36
281.0
282.0
1.0
2.05
MK-18-237
300
249.7
250.7
1.0
2.42
261.7
262.25
0.55
2.67
MK-18-238
300
172.6
173.3
0.7
2.26
228.0
228.5
0.5
2.19
259.8
261.0
1.2
2.72
MK-18-239
306
199.0
200.0
1.0
3.57
204.4
205.5
1.1
2.10
MK-18-240
324
176.8
178.3
1.5
5.90
Including
176.8
177.3
0.5
17.5
182.8
183.7
0.9
4.09
MK-18-245
252
123.4
125.3
1.9
1.07
*The width shown is the core length. True width is estimated to be 90-100% of the core length.
McKenzie Break is a high-grade, multiple-narrow-vein gold deposit
hosted in the dioritic Pascalis batholith and underlain by porphyritic
diorite and mafic and felsic volcanic rocks. On June 14, 2018,
the Corporation reported an NI 43-101 pit-constrained resource of
48,133 ounces in the Indicated category and 14,897 ounces in the
Inferred category on the property, as well as an underground resource of
53,448 ounces in the Indicated category and 49,130 ounces in the
Inferred category, for a total of 165,608 ounces of gold (Source: NI
43-101 Technical Report on the McKenzie Break Project, April 17, 2018, Alain-Jean Beauregard, P.Geo., and Daniel Gaudreault, Eng., of Geologica Groupe-Conseil Inc., and Christian D’Amours, P.Geo., of GeoPointCom Inc.).
Sampling normally consists of sawing the core into equal halves along
its main axis and shipping one of the halves to the ALS Minerals
laboratory in Val-d’Or, Quebec for assaying. The samples
are crushed, pulverized and assayed by fire assay, with atomic
absorption finish. Results exceeding 3.0 g/t Au are re-assayed using the
gravity method, and samples containing visible gold grains are assayed
using the metallic sieve method. Monarch uses a comprehensive QA/QC
protocol, including the insertion of standards, blanks and duplicates.
The technical and scientific content of this press release has been reviewed and approved by Ronald G. Leber, P.Geo., the Corporation’s qualified person under National Instrument 43-101.
ABOUT MONARCH GOLD CORPORATION
Monarch Gold Corporation (TSX: MQR) is an emerging gold mining
company focused on pursuing growth through its large portfolio of
high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns close to 300 km² of gold properties (see map),
including the Wasamac deposit (measured and indicated resource of 2.6
million ounces of gold), the Beaufor Mine, the Croinor Gold (see video), McKenzie Break and Swanson
advanced projects and the Camflo and Beacon mills, as well as other
promising exploration projects. It also offers custom milling services
out of its 1,600 tonne-per-day Camflo mill.
Forward-Looking Statements The forward-looking
statements in this press release involve known and unknown risks,
uncertainties and other factors that may cause Monarch’s actual results,
performance and achievements to be materially different from the
results, performance or achievements expressed or implied therein.
Neither TSX nor its Regulation Services Provider (as that term is
defined in the policies of the TSX accepts responsibility for the
adequacy or accuracy of this press release.
Tags: #mining, gold, monarch, monarques, tsx, tsx-v Posted in All Recent Posts, Monarques Gold | Comments Off on Monarch Gold $MQR.ca Intersects 12.60 g/t Au over 1.35 metres, including 55.90 g/t Au over 0.3 metres, at its Mckenzie Break Gold Project $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IMG.ca $IAG $MUX
VANCOUVER, BC / ACCESSWIRE / March 18, 2019 / GGX Gold Corp. (TSX-V: GGX), (OTCQB: GGXXF), (FRA: 3SR2) (the “Company” or “GGX“)
is pleased to announce it has received tellurium analytical results for
select drill core samples from the Fall 2018 diamond drill program at
the Gold Drop Property, located in southern British Columbia. The Fall
2018 drill program was conducted at the C.O.D. Vein, located in the Gold
Drop Southwest Zone. The tellurium results are re-analyses of drill
core samples from drill holes COD18-67 and COD18-70 which initially
exceeded the upper 500 grams per tonne (g/t) analytical limit for
tellurium. The re-analyses confirm high-grade tellurium for these drill
holes, being associated with high-grade gold and silver (gold and silver
results reported in News Releases of January 11 and 18, 2019):
The
2018 Fall diamond drill program tested the COD vein. The program
followed up on results from previous 2018 diamond drilling at the
southern extension of the COD vein. The highlights of the 2018 Fall
drill program are drill hole COD18-67 which intersected 129.1 g/t gold
and 1,154 g/t silver over 7.28 meters core length and drill hole
COD18-70 which intersected 107.5 g/t gold and 880 g/t silver over 6.90
meters core length (News Releases of January 11and 18, 2019). Both holes
were drilled slightly northeast from the same site (COD18-67 at a
50-degree dip and COD-18-70 at a 54-degree dip) to intersect the
northwest trending COD Vein at a shallower angle, the objective to test
the continuity of the quartz veining and mineralization.
Fourteen
drill core samples from the high-grade gold and silver intersections of
drill holes COD18-67 and COD18-70 returned greater than the upper
analytical limit of 500 g/t for tellurium during initial analysis (four
acid ICP-MS analysis by ALS Canada Ltd. in North Vancouver). As a
result, the tellurium weighted average grades for these intersections
could not be determined from initial analyses. ALS Canada Ltd. recently
re-analyzed these 14 samples for tellurium by four acid ICP-AES. These
new analytical results confirm high grade tellurium within the
high-grade gold and silver intersections. For drill hole COD18-67, the
near-surface interval of 23.19-30.47m (7.28 meters core length) graded
823.4 g/t tellurium. For drill hole COD18-70, the near-surface interval
of 22.57-29.47m (6.90 meters core length) graded 640.5 g/t Tellurium.
The 14 drill samples are listed as follows (core length):
Hole No.
From (m)
To (m)
Length (m)
Te (G/T)
Sample No.
COD18-67
23.58
23.95
0.37
880
V108489
COD18-67
24.50
25.10
0.60
560
V108491
COD18-67
25.10
25.50
0.40
770
V108492
COD18-67
25.50
26.06
0.56
900
V108493
COD18-67
26.06
26.34
0.28
930
V108494
COD18-67
26.34
26.72
0.38
2,250
V108495
COD18-67
26.72
27.10
0.38
3,860
V108496
COD18-67
27.10
27.63
0.53
1,550
V108497
COD18-67
29.70
30.04
0.34
1,090
V108503
COD18-67
30.04
30.47
0.43
710
V108504
COD18-70
22.57
22.95
0.38
690
V108537
COD18-70
23.30
23.75
0.45
3,340
V108539
COD18-70
23.75
24.15
0.40
2,960
V108541
COD18-70
26.19
26.98
0.79
830
V108544
Intersections
for 2017 and 2018 diamond drill holes at the C.O.D. vein include the
following (please refer to the Company’s website for News Releases
announcing these results):
Hole ID
Interval Length (m)
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
0.24
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
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
129.1
1,154.90
823
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
Tellurium
remains as one of the rarest elements on earth. Tellurium production
has been a by-product of copper and gold mining. The production is
limited, estimated to being on the order of 800 metric tonnes per year.
According to the USGS total production for 2007 was 107 Mtonnes.
Up
to recently, the sole use of tellurium has been alloying of other
metals to increase the machinability of copper or to decrease the
corrosive action of sulfuric acid on lead.
The most significant
modern use of tellurium is the Cadmium-telluride (Cd-Te) photovoltaic
solar cells. These solar cells are the forefront of solar power. One
gigawatt (GW) of Cd-Te, at current efficiencies, would require
approximately 93 metric tons of tellurium. These cells have the smallest
carbon footprint and the shortest energy payback time of all solar
cells. The efficiency of technology is constantly improving and the
Cd-Te now takes up 5.1% of worldwide PV production.
PHOTOVOLTAICS REPORT, Freiburg, 27 August 2018
In
the C.O.D vein system the tellurium occurs as a soft silver-grey
telluride mineral. The telluride mineral is a Silver-Tellurium-Gold
alloy speculated to be sylvanite. Whenever this mineral is observed in
the drill core the interval has elevated silver, gold and tellurium
values.
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
Tags: #Assay, #BC, #Discovery, #GoldDrop, #silver, $GGX, gold Posted in GGX Gold Corp. | Comments Off on $GGX.ca GGX Gold Drill Core Samples Return up to 3,860 G/T Tellurium at the C.O.D. Vein Southern British Columbia $APH.ca $TUE.ca $GOM.ca $TYE.ca $NNZ.ca $GTT.ca $AOT.ca $MTB.ca
