Posted by AGORACOM
at 10:20 AM on Thursday, February 28th, 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-JC
at 8:50 AM on Thursday, February 28th, 2019
Initial drilling expands the high-grade gold potential of the McKenzie Break deposit and intersects new structures at depth
Highlights of initial results on the 13,945-metre 2018 diamond drilling program: – Hole MK-18-196: 61.20 g/t Au over 2.6 metres, incl. 265.00 g/t Au over 0.6 metres – Hole MK-18-183: 24.70 g/t Au over 0.6 metres – Hole MK-18-180: 19.80 g/t Au over 0.4 metres – Hole MK-18-195: 9.44 g/t Au over 2.0 metres, incl. 18.50 g/t Au over 1.0 metre
MONTREAL, Feb. 28, 2019 - MONARCH GOLD CORPORATION(“Monarch” or the “Corporation”) (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to report the first assay results from the 2018 diamond drilling program at its wholly owned McKenzie Break gold project 25 kilometres north of Val-d’Or, near Monarchs’ 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 first 21 holes totalling 4,424 metres of core (see table below for assay results).
“This first set of results attests to McKenzie Break’s solid
exploration and high-grade potential, and already extends the deposit
laterally and at depth,” said Jean-Marc Lacoste, President
and Chief Executive Officer of Monarch. “Previous work on the property
was mainly limited to the Green and Orange zones, which nonetheless
enabled us to outline an indicated and inferred resource of over 165,000
ounces of gold (see press release dated June 14, 2018). Our aim going forward is to increase that resource.”
Hole MK-18-196 returned 61.20 g/t Au over 2.6 metres, including
265.00 g/t Au over 0.6 metres, at 260 metres below surface. This hole
lies 110 metres west of a historic hole that returned 3.56 g/t Au over
1.1 metres, and 75 metres southeast of hole MK-18-195, which yielded
1.84 g/t Au over 1.0 metre. The intersections from holes MK-18-196 and
MK-18-195 are on the same horizon, thereby potentially representing a
new lens at depth.
Hole MK-18-183, drilled northwest of the proposed open pit, returned
24.70 g/t Au over 0.6 metres from a depth of 60 metres. Along with other
holes drilled during the 2018 program, this positive result indicates
the potential to extend the open pit towards the northwest.
Hole MK-18-180 returned a grade of 19.80 g/t Au over 0.4 metres from
90 metres below surface to the northeast of the Green Zone. This result
extends the main Green Zone lens approximately 50 metres towards the
northeast and will increase the underground mining resource in this
area.
Hole MK-18-195 returned 9.44 g/t Au over 2.0 metres, including 18.50
g/t Au over 1.0 metre. This intersection is 195 metres below surface and
represents a new lens below the main Orange Zone lens. The intersection
lies approximately 80 metres northeast of the Orange Zone sector, with
the nearest hole returning anomalous values 75 metres farther east. If
connected, these results could enlarge the lens and extend it to the
northeast.
Initial drill results for the McKenzie Break property:
Hole
Length
From
To
Width*
Grade Au
number
(m)
(m)
(m)
(m)
(g/t)
MK-18-179
176
5.9
6.6
0.7
7.30
149.2
150.0
0.8
8.13
MK-18-180
174
89.4
89.8
0.4
19.80
170.0
171.0
1.0
7.60
MK-18-181
201
175.7
176.7
1.0
1.99
MK-18-182
180
22.8
24.6
1.8
5.27
MK-18-183
180
34.2
38.5
4.3
3.73
Including
37.5
38.5
1.0
7.43
52.1
52.7
0.6
24.70
105.8
106.4
0.6
12.95
MK-18-184
174
58.3
59.4
1.1
2.90
148.6
149.6
1.0
6.83
MK-18-185
186
90.6
91.6
1.0
7.46
100.7
101.45
0.75
10.75
MK-18-186
177
64.0
66.0
2.0
2.68
MK-18-187
174
84.0
88.8
4.8
3.91
MK-18-188
177
6.9
9.3
2.4
3.08
9.2
20.2
1.0
3.46
131.7
132.5
0.8
2.18
MK-18-189
177
11.0
12.0
1.0
2.00
MK-18-190
201
17.6
18.8
1.2
4.87
25.8
27.8
2.0
2.70
39.8
41.0
1.2
3.46
MK-18-191
252
45.5
46.5
1.0
2.26
166.0
179.0
13.0
0.39
MK-18-192
276
89.7
91.9
2.2
6.78
190.0
194.0
4.0
0.68
223.0
226.5
3.5
1.18
MK-18-193
234
130.0
131.1
1.1
8.90
209.0
212.2
3.2
1.76
MK-18-194
234
15.0
16.0
1.0
6.67
111.7
112.7
1.0
2.13
MK-18-195
276
193.0
195.0
2.0
9.44
Including
194.0
195.0
1.0
18.50
MK-18-196
300
254.8
257.4
2.6
61.20
Including
255.7
256.3
0.6
265.00
293.8
296.0
2.2
1.88
MK-18-197
201
177.6
178.8
1.2
1.68
MK-18-198
198
62.5
63.7
1.2
0.18
MK-18-199
276
260.9
262.0
1.1
4.24
*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, stocks, tsx-v Posted in Monarques Gold | Comments Off on Monarch Gold Intersects 61.20 g/t Au Over 2.6 Metres, Including 265.00 g/t Au Over 0.6 Metres, at its McKenzie Break Gold Project $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IMG.ca $IAG $MUX
Posted by AGORACOM
at 9:57 AM on Wednesday, February 27th, 2019
Received all analytical results from the 2018 exploration program at its Golden Promise Property, located in the central Newfoundland gold belt
The results identified additional exploration targets where no prior drilling has taken place
VANCOUVER, BC / ACCESSWIRE / February 27, 2019 / GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to announce it has received all analytical results from the 2018 exploration program at its Golden Promise Property, located in the central Newfoundland gold belt, the results identifying additional exploration targets. The 2018 soil and rock analytical results confirm gold soil anomalies +/- rock samples anomalous in gold in at least three additional target areas in under-explored regions of the property. The Company’s main focus on the property remains the Jaclyn Zone where multiple gold bearing quartz vein systems occur. Gold bearing veins and gold bearing quartz vein boulders occur in other regions of the property.
Anomalous 2018 rock and soil samples were concentrated in three new targets areas:
Southwest
region: Anomalous soil samples along two reconnaissance soil lines, up
to 77 ppb gold (News Release of September 27, 2018). All 11 samples
along one 570- meter long line returned anomalous gold values. Rock
samples within the soil anomaly retuned anomalous gold values including
1.04 g/t gold.
East-Central region:
Anomalous soil samples (up to 39 ppb gold) & rock float samples (up
to 136 ppb gold) along a reconnaissance traverse.
West-Central
region: Anomalous soil samples (up to 41 ppb) following up in an area
of 2017 soil anomalies (212 and 236 ppb gold).
No previous drilling in the new target areas.
The
2018 program was reconnaissance in nature consisting of prospecting and
soil / rock geochemical sampling in multiple under-explored regions of
the Golden Promise Property. Multiple gold soil anomalies were
identified in the southwest, west-central and east-central regions of
the property, thereby adding to the number of gold targets within the
property. Rock grab samples from float in the east-central and southwest
regions of the property returned anomalous values for gold, the high
value being 1.04 g/t gold.
Soil sample analytical results from the
southwest region of the Golden Promise Property were reported in the
Company’s News Release of September 27, 2018. The
results include anomalous gold in soil samples from a new target area in
this southwest region. The majority of soil samples from two
reconnaissance lines in this target area returned anomalous values for
gold (up to 77 parts per billion (ppb) gold) including all 11 samples
from one approximately 570-meter long line. Nine of the 2018 rock grab
samples (float and outcrop) from this anomalous zone returned anomalous
gold values, the high value being a boulder sample with quartz veins
returning 1.04 g/t gold.This anomalous zone is
approximately 4 kilometers northeast of the Linda / Snow White gold
bearing vein which is located within the southwest region of the
property. Reported historic highlights for the Linda / Snow White vein
include a 232 g/t gold grab sample, 29.7 g/t gold over 0.5 meters in a
channel sample and 19.5 g/t gold over 1.15 meters during diamond
drilling (core length).
Quartz boulder in new southwest target area
The
2018 program confirmed an area of gold soil anomalies in the
west-central region of the property. Initial reconnaissance soil
sampling by the Company in this region during 2017 identified gold
anomalies (including samples returning 212 and 236 ppb gold). Soil
sampling in this area was continued during 2018 along 2 north-south
lines. Six of seven soil samples from an approximately 300-meter long
section of one line returned anomalous values for gold in the 8-41 ppb
gold range, confirming this new target area. This zone of gold soil
anomalies is located approximately 1 kilometer northwest of the gold
bearing Shawn’s Shot quartz vein. A 0.32-meter long chip sample
collected by the Company across the Shawn’s Shot vein in 2017 returned
48.2 g/t gold (News Release of August 28, 2017).
The 2018 program
established a new gold target area in the east-central region of the
property. Prospecting and soil sampling were conducted along one
east-west reconnaissance line in this region. Approximately 25% of the
soil samples along an approximately 2-kilometer section of this line
returned anomalous values for gold (6-39 ppb gold). Rock samples from
quartz boulders in this region returned anomalous values for gold (up to
136 ppb gold). The target area is approximately 2.2 kilometers
south-southwest of the gold bearing Jaclyn Main Zone. The Jaclyn Main
Zone has been the primary focus of historic gold exploration on the
property.
The Company recently reported a National Instrument
43-101mineral resource estimate for the Jaclyn Main Zone, located in the
northern region of the property (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
Jaclyn Main Zone 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
Jaclyn Main Zone is part of the Jaclyn Zone. At least 5 gold bearing
quartz vein systems are reported at the Jaclyn Zone, including the
Jaclyn Main Zone, Jaclyn North Zone, Jaclyn South Zone, Jaclyn East Zone
and Jaclyn West Zone. Much of the reported historical exploration
within the property has been focused on the Jaclyn Zone with the
majority of historic drill holes (2002-2010) at the Jaclyn Main Zone.
Other gold bearing veins within the property include Shawn’s Shot, Linda
/ Snow White and at the Gabbro Occurrence. High grade quartz boulders
are reported within the property including at the Jaclyn Zone and
Branden and Justin’s Hope boulder occurrences.
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 Iron Corp. (TSXV.SIC) at the Moosehead Project and Marathon Gold Corp. (TSXV.MOZ) at the Valentine Lake Gold Camp.
Sokoman Iron Corp. (TSXV.SIC) recently
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.
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 Jaclyn Main Zone 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.
The
2018 rock and soil samples were analyzed by Eastern Analytical Ltd. in
Springdale, NL for gold by Fire Assay and for 34 elements by ICP. A
qualified person managed and conducted the 2018 exploration program.
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 records referred to in this News
Release are accurate.
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 8:33 AM on Wednesday, February 27th, 2019
JV partner Tudor Gold has updated information from the southern part of the Goldstorm Zone on the Treaty Creek property in the Golden Triangle
Significant horizons of stronger gold mineralization occur in a thick envelope of low-grade gold mineralization throughout the entire Goldstorm Zone.
Within the low-grade mineralized body, near-surface horizons of stronger gold grades occur.
CB-17-24 interval averages 0.945 g/t Au over 213.0 meters,including the core of the zone that averages 1.925 g/t Au over a 60 meter interval.
Cardston, Alberta–(Newsfile Corp. – February 27, 2019) – American Creek Resources Ltd. (TSXV: AMK) (the “Company”)is
pleased to announce that JV partner Tudor Gold has updated information
from the southern part of the Goldstorm Zone on the Treaty Creek
property in the Golden Triangle region of British Columbia. New
composites from drill holes completed during 2017 and 2018 demonstrate
that significant horizons of stronger gold mineralization occur in a
thick envelope of low-grade gold mineralization throughout the entire
Goldstorm Zone.
Within
the low-grade mineralized body, near-surface horizons of stronger gold
grades occur. The southernmost drill section, 107+00 NE (attached below)
demonstrates that the Goldstorm Zone contains a higher grade gold
interval at its eastern near-surface projection in hole CB-17-24. This
enriched gold interval averages 0.945 g/t Au over 213.0 metersincluding the core of the zone that averages 1.925 g/t Au over a 60 meter interval.
Similarly, the upper part of the gold intercepts in holes CB18-32 and
CB18-34 also demonstrate that the stronger gold mineralization occurs in
the upper portion of each intercept. The following table gives gold
composites from the three drill holes on Section 107+00 NE that cut the
Goldstorm Zone.
To view an enhanced version of this graphic, please visit: https://orders.newsfilecorp.com/files/682/43074_39f1da8cb467c8d9_001full.jpgTudor
Gold Exploration Manager Ken Konkin stated: “We consistently see thick,
low-grade gold intercepts that contain distinct horizons of stronger
gold mineralization throughout the entire Goldstorm Zone. Our
preliminary petrographic studies confirm that gold mineralization is
associated with multiple pulses of disseminated and veinlet pyrite
emplacement. These events were then over-printed and mineralized by
late-stage, steep-angled, quartz-calcite-pyrite veinlets that contain
native gold. The hanging wall of the Goldstorm Zone is well defined by a
sharp fault contact. This appears to be a moderately dipping regional
thrust fault similar to the orientation and nature of the Sulphurets
Thrust Fault hanging wall contact at Seabridge’s Iron Cap deposit,
located five kilometers to the southwest.” Goldstorm
extends for at least 500 meters along a northeastern strike and is open
to the east, north and down dip. A drill plan map showing the locations
of drill hole collars and section lines is included below in the
attached Section 107+00NE. Drill hole CB18-35B stopped within the fault
zone and therefore did not penetrate the gold zone. In the following
weeks, geologists will be planning an aggressive diamond drill hole
program for the 2019 exploration season in order to fast-track the
advancement of the Treaty Creek Project. Tudor
Gold will be displaying core samples and drill sections at booth #3314
at the Prospectors and Developers Association of Canada convention in
Toronto March 3-6, 2019.
To view an enhanced version of this graphic, please visit: https://orders.newsfilecorp.com/files/682/43074_39f1da8cb467c8d9_003full.jpgQA/QCIn
2016 and 2017, drill core samples were prepared and analyzed at
Activation Laboratories Ltd. in Kamloops, BC. In 2018, drill core
samples were prepared ALS Global’s Preparation Laboratory in Terrace, BC
and assayed at ALS Global’s Geochemical Laboratory in North Vancouver,
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. Activation
Laboratories and ALS Global Laboratories quality systems comply with the
requirements for the International Standards ISO 17025: 2005. QP The
Qualified Person for this new 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 holds 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.
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.comNeither
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. Cautionary Statements regarding Forward-Looking Information Certain
statements contained in this press release constitute forward-looking
information. These statements relate to future events or future
performance. The use of any of the words “could”, “intend”, “expect”,
“believe”, “will”, “projected”, “estimated” and similar expressions and
statements relating to matters that are not historical facts are
intended to identify forward-looking information and are based on the
Company’s current belief or assumptions as to the outcome and timing of
such future events. Actual future results may differ materially. All
statements including, without limitation, statements relating to the
Goldstorm Zone as well as any other future plans, objectives or
expectations of the Company are forward-looking statements that involve
various risks and uncertainties. There can be no assurance that such
statements will prove to be accurate and actual results and future
events could differ materially from those anticipated in such
statements. Important factors that could cause actual results to differ
materially from the Company’s plans or expectations include risks
relating to the actual results of current exploration activities,
fluctuating gold prices, possibility of equipment breakdowns and delays,
exploration cost overruns, availability of capital and financing,
general economic, market or business conditions, regulatory changes,
timeliness of government or regulatory approvals and other risks
detailed herein and from time to time in the filings made by the Company
with securities regulators. The Company expressly disclaims any
intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise except as otherwise required by applicable securities
legislation.
Posted by AGORACOM
at 9:14 AM on Wednesday, February 20th, 2019
The most significant gold drill intersections (core length) from the phase 3 diamond drilling on the COD vein are as follows:
COD18-3: 14.62 g/t Au over 2.1 metres;
COD18-26: 10.30 g/t Au over 1.4 metres recovered core (within 2.35-metre interval);
COD18-28: 11.30 g/t Au over 0.51 metre;
COD18-33: 8.65 g/t Au over 2.98 metres;
COD18-34: 6.16 g/t Au over 3.41 metres;
COD18-37: 8.23 g/t Au over 3.95 metres;
COD18-45: 50.10 g/t Au over 2.05 metres;
COD18-46: 54.90 g/t Au over 1.47 metres;
COD18-49: 9.52 g/t Au over 1.47 metres;
COD18-54: 7.60 g/t Au over 1.66 metres.
The 2018 drilling program also tested the continuation of the Everest vein, which is located southwest of the COD vein work site. Chip samples collected in 2017 across the approximate 0.4-metre-wide vein exposure returned up to 52.8 g/t gold and 377 g/t silver, while a grab sample of a quartz vein boulder broken off the outcrop by the excavator returned 81.8 g/t gold and 630 g/t silver (news release of Aug. 21, 2017).
The Everest vein 2018 drill holes are located approximately 350 to 800 metres south of the area of 2017 and 2018 COD vein drill holes. High gold intersections (core length) from the phase 3 drill program at the Everest vein include (news release of July 19, 2018, and Sept. 13, 2018):
FULL DISCLOSURE: GGX Gold is an advertising client of AGORA Internet Relations Corp.
Tags: #BCGold, #GGXgold, #silver, #tellerium, gold Posted in GGX Gold Corp. | Comments Off on CLIENT FEATURE: GGX Gold’s 2018 Exploration Program at Gold Drop Demonstrates High Grade Potential $K.ca $GZD.ca $TUSK.ca $XIM.ca
Posted by AGORACOM
at 9:56 AM on Tuesday, February 19th, 2019
Led by Shawn Ryan, who’s prospecting and soil geochemistry work led to the discovery of White Gold, Coffee, and QV projects for a total of 7.5M ounces Au
White Gold’s geochemical sampling program led to successful drill program
Exploration has already outlined district scale soil anomalies on two projects in Labrador
Hopedale property contains the Florence Lake greenstone belt and the Hunt River, both of which are under-explored for gold
Florence Lake greenstone belt has a 40 KM strike length and includes Thurber Dog
Preliminary soil geochemical results show arsenic anomalies in several areas
Arsenic is a pathfinder element when exploring for gold
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Tags: #Labrador, #ShawnRyan, #SoilSample, gold Posted in Labrador Gold | Comments Off on CLIENT FEATURE: Labrador Gold’s Shaw Ryan Targeting the Under Explored Gold Potential of the Province $MOZ.ca $SIC.ca $GR.ca
Posted by AGORACOM
at 9:18 AM on Thursday, February 7th, 2019
The 2018 Exploration program Returned Results Including:
The most significant gold drill intersections (core length) from the phase 3 diamond drilling on the COD vein are as follows:
COD18-3: 14.62 g/t Au over 2.1 metres;
COD18-26: 10.30 g/t Au over 1.4 metres recovered core (within 2.35-metre interval);
COD18-28: 11.30 g/t Au over 0.51 metre;
COD18-33: 8.65 g/t Au over 2.98 metres;
COD18-34: 6.16 g/t Au over 3.41 metres;
COD18-37: 8.23 g/t Au over 3.95 metres;
COD18-45: 50.10 g/t Au over 2.05 metres;
COD18-46: 54.90 g/t Au over 1.47 metres;
COD18-49: 9.52 g/t Au over 1.47 metres;
COD18-54: 7.60 g/t Au over 1.66 metres.
The 2018 drilling program also tested the continuation of the Everest vein, which is located southwest of the COD vein work site. Chip samples collected in 2017 across the approximate 0.4-metre-wide vein exposure returned up to 52.8 g/t gold and 377 g/t silver, while a grab sample of a quartz vein boulder broken off the outcrop by the excavator returned 81.8 g/t gold and 630 g/t silver (news release of Aug. 21, 2017).
The Everest vein 2018 drill holes are located approximately 350 to 800 metres south of the area of 2017 and 2018 COD vein drill holes. High gold intersections (core length) from the phase 3 drill program at the Everest vein include (news release of July 19, 2018, and Sept. 13, 2018):
Posted by AGORACOM
at 8:26 AM on Tuesday, February 5th, 2019
Includes 2.86g/t gold in soils
In addition, over 1,000 soil samples with gold concentrations greater than the 90th percentile are considered anomalous and require detailed follow up.
LAB controls 57 km strike length of stratigraphy prospective for gold in the Florence Lake Greenstone Belt.
Detailed soil grids were placed over anomalous gold-in-soil targets with favorable geology and structure to develop specific targets for follow up leading to drilling
VANCOUVER,
British Columbia, Feb. 05, 2019 (GLOBE NEWSWIRE) — Labrador Gold
Corp. (TSX-V: LAB) (“Labrador Gold†or the “Companyâ€) is pleased to
announce results from detailed gold exploration of its Hopedale project
in Labrador. The company controls a 57 kilometre strike length of
stratigraphy prospective for gold in the Florence Lake Greenstone Belt.
The exploration program at Hopedale followed up on successful results of
2017 work that outlined regional scale gold in soil and lake sediment
anomalies along the length of the belt and included detailed soil
sampling, geological mapping, rock sampling and prospecting.
Detailed
soil grids were placed over anomalous gold-in-soil targets with
favorable geology and structure to develop specific targets for follow
up leading to drilling. A total of 10,594 soil samples were taken on 12
grids at a 100m line spacing and 25m sample spacing along the length of
the belt. Assays of the samples returned gold values from below
detection (<5ppb) to 2,860 ppb. Thirty-four samples returned values
greater than 100ppb Au, with five of these samples grading greater than
1,000 ppb Au (1g/t). In addition, over 1,000 soil samples with gold
concentrations greater than the 90th percentile are
considered anomalous and require detailed follow up. Arsenic values
range from less than detection to the upper limit of 10,000 ppm with 90
samples assaying greater than 1,000 ppm. Antimony values ranged between
0.05 and 171.5 ppm with eight samples assaying greater than 100 ppm.
Elevated
gold values were found in samples from all 12 grids although the
highest concentrations of samples with anomalous gold are found in the
Thurber Dog, Jasmine and Misery grids (See news release dated November
2, for initial results from the Misery and Jasmine grids). Anomalous
gold is typically found along the contacts (often sheared) between
ultramafic rocks and adjacent mafic, meta-sedimentary or felsic
meta-volcanic rocks. In addition, elevated gold concentrations may be
associated with specific structures such as a jog in stratigraphy in the
northern Thurber Dog grid, a fold nose in the south of the Jasmine grid
and an interpreted shear zone running through the Misery grid. These
structures are commonly associated with sites of gold mineralization in
greenstone belts elsewhere in the world.
Arsenic
concentrations are highest along a 4km north-south trend in the Jasmine
Grid where massive arsenopyrite was found. Antimony appears to be
elevated along interpreted structure, often forming elongate anomalies
parallel to such structures as seen on the Misery and Schist Lake grids.
“The
latest results of detailed soil sampling at Hopedale continues to turn
up gold values above 0.1g/t possibly related to near surface gold
mineralization, said Roger Moss, President and Chief Executive Officer
of Labrador Gold. “Our growing understanding of the geology and
structure of the greenstone belt will allow us to focus on the most
prospective areas during the coming field season which should be an
exciting one for Labrador Gold.â€
“With all the
soils from last season now in, we can clearly see nicely defined linear
gold trends, some over a kilometer in length, to follow up next field
season,†said Shawn Ryan, Technical Adviser to Labrador Gold. “We are
now compiling all the data gathered from the past 2 field seasons which
includes over 11,000 soils, 400 + rocks, geological and structural
mapping. This will be interpreted using the recent Geological Survey of
Canada airborne magnetic survey flown last year, along with the
historical magnetic surveys in the area. A detailed target
Interpretation map will be completed in the next three weeks which will
help rank anomalies for our Phase Three Summer 2019 follow up program.â€
The
company also announces that its major shareholder, Plethora Precious
Metals Fund (‘Plethoraâ€) has exercised 3,125,000 warrants. Plethora now
holds 9,750,000 shares of the company representing 17.45% of the issued
and outstanding shares. We appreciate the continued support of Plethora
and their confidence in the exploration strategy of our technical team.
Plethora’s principal, Douwe Van Hees, is not a related party of the
Company.
All samples were dried in the field
before being shipped to the Bureau Veritas preparation laboratory in
Timmins, Ontario, with analyses completed at the Vancouver laboratory.
Samples were analyzed for gold and another 36 elements by ICP-MS
(inductively coupled plasma-mass spectrometry) following an aqua regia
digestion. The company routinely submits blanks, field duplicates and
certified reference standards with batches of samples to monitor the
quality of the analyses.
Roger Moss, PhD., P.Geo., is the qualified person responsible for all technical information in this release.
The
company gratefully acknowledges the Newfoundland and Labrador Ministry
of Natural Resources’ Junior Exploration Assistance (JEA) Program for
its financial support for exploration of the Hopedale property.
About Labrador Gold:
Labrador
Gold is a Canadian based mineral exploration company focused on the
acquisition and exploration of prospective gold projects in the
Americas. In 2017 Labrador Gold signed a Letter of Intent under which
the Company has the option to acquire 100% of the 896 square kilometre
(km2) Ashuanipi property in northwest Labrador and the Hopedale (458 km2) property in eastern Labrador.
The
Hopedale property covers much of the Hunt River and Florence Lake
greenstone belts that stretch over 80 km. The belts are typical of
greenstone belts around the world but have been underexplored by
comparison. Initial work by Labrador Gold during 2017 show gold
anomalies in soils and lake sediments over a 3 kilometre section of the
northern portion of the Florence Lake greenstone belt in the vicinity of
the known Thurber Dog gold showing where grab samples assayed up to
7.8g/t gold. In addition, anomalous gold in soil and lake sediment
samples occur over approximately 40 kilometres along the southern
section of the greenstone belt (see news release dated January 25th 2018 for more details). Labrador Gold now controls approximately 57km strike length of the Florence Lake Greenstone Belt.
The
Ashuanipi gold project is located just 35 km from the historical iron
ore mining community of Schefferville, which is linked by rail to the
port of Sept Iles, Quebec in the south. The claim blocks cover large
lake sediment gold anomalies that, with the exception of local
prospecting, have not seen a systematic modern day exploration program.
Results of the 2017 reconnaissance exploration program following up the
lake sediment anomalies show gold anomalies in soils and lake sediments
over a 15 kilometre long by 2 to 6 kilometre wide north-south trend and
over a 14 kilometre long by 2 to 4 kilometre wide east-west trend. The
anomalies appear to be broadly associated with magnetic highs and do not
show any correlation with specific rock types on a regional scale (see
news release dated January 18th 2018). This suggests a
possible structural control on the localization of the gold anomalies.
Historical work 30 km north on the Quebec side led to gold intersections
of up to 2.23 grams per tonne (g/t) Au over 19.55 metres (not true
width) (Source: IOS Services Geoscientifiques, 2012, Exploration and
geological reconnaissance work in the Goodwood River Area, Sheffor
Project, Summer Field Season 2011). Gold in both areas appears to be
associated with similar rock types.
The Company has 56,264,022 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.
“The 2018 diamond drilling program on the Croinor Gold property was a
major success, as it enabled us to increase the size and gold content
of the planned stopes, confirm and expand the two underground bulk
sampling areas, extend the deposit to the east and west and at depth and
establish that the deposit is still open in all directions,” said Jean-Marc Lacoste,
President and Chief Executive Officer of Monarch. “The next phase will
focus on upgrading the deposit through infill drilling and drilling pure
exploration holes to test high-potential targets on our 151-km2
property.”
The initial 20,000-metre program started in March 2018
and focused on expanding and upgrading the Croinor Gold deposit. The
program was completed in early September, with a total of 19,935 metres
of core drilled in 89 holes. Given the positive results from that
drilling program, the Corporation decided to drill another 8,300 metres,
and managed to complete 6,645 metres in 18 holes before the winter
freeze (see longitudinal).
All the assays for the original program and the additional 6,645 metres
of drilling have been received (see table below and press releases
dated July 10, 2018, September 5, 2018, October 4, 2018 and January 15, 2019, for a compilation of the 2018 drill results).
Hole CR-18-685 returned 17.26 g/t Au over 1.95 metres, including
50.10 g/t Au over 0.6 metre, 315 metres below surface. This hole was
drilled 30 metres west of hole CR-18-676, and is 30 metres down dip from
hole CR-11-407 and 45 metres up dip and to the east of hole CR-15-441.
The two nearby historical holes combined with these two new holes will
create a new stope in the western part of the deposit, extending the
mineralization westward while keeping the deposit open to the west. The
closest stope to these holes is 125 metres to the east.
Hole CR-18-676 returned 10.33 g/t Au over 1.75 metres, including
25.40 g/t Au over 0.65 metres. It was drilled to follow up on hole
CR-18-583, drilled during the initial drilling program 20 metres west of
hole CR-18-676 and 30 metres east of hole CR-18-685. CR-18-676 was
drilled down dip, parallel to the host diorite, and intersected multiple
mineralized zones within the diorite, as shown in the table below.
Hole CR-18-678 returned 40.50 g/t Au over 1.00 metre. It is located
20 metres west from a planned stope, 250 metres below surface and 25
metres west of hole CR-18-672, another hole added based on the positive
results from the initial program.
Finally, hole CR-18-683 returned 23.61 g/t Au over 1.60 metres,
including 43.70 g/t Au over 0.65 metres. It is located 8 metres west of a
planned stope, thereby increasing the stope’s size and gold content.
Results from the additional 6,645 metres of drilling on Croinor Gold
Hole
Length
From
To
Width*
Grade
Area
Number
(m)
(m)
(m)
(m)
(g/t Au)
Targeted
CR-18-672
340
239.3
240.0
0.7
5.17
Deposit
251.4
252.0
0.6
9.37
261.6
263.6
2.0
11.24
Including
261.6
262.6
1.0
22.00
CR-18-673
424
264.7
266.7
2.0
10.46
Deposit
Including
264.7
265.7
1.0
19.25
273.0
273.7
0.7
9.67
305.8
306.3
0.5
9.31
CR-18-674
319
298.5
299.6
1.1
1.72
Deposit
CR-18-675
319
260.6
261.6
1.0
10.15
Deposit
CR-18-676**
751
27.4
30.25
2.85
2.20
Deposit
55.75
58.5
2.75
7.46
Including
55.75
56.3
0.55
10.75
Including
58.0
58.5
0.5
12.30
62.5
64.1
1.6
6.01
Including
63.6
64.1
0.5
11.15
76.3
76.8
0.5
5.78
84.7
85.3
0.6
22.20
255.6
256.1
0.5
8.47
274.95
278.9
1.8
6.12
Including
274.95
275.55
0.6
11.85
286.6
288.2
1.6
3.80
298.0
298.5
0.5
5.82
300.75
301.35
0.6
11.25
368.1
369.85
1.75
10.33
Including
368.6
369.25
0.65
25.40
374.15
377.0
2.85
7.64
Including
376.0
376.5
0.5
16.25
378.2
379.4
1.2
4.38
CR-18-678
325
265.5
268.4
2.9
15.07
Deposit
Including
266.4
267.4
1.0
40.50
CR-18-679
400
252.2
254.8
2.6
3.17
Deposit
CR-18-680
280
181.5
182.6
1.1
2.36
Deposit
CR-18-681
352
214.2
216.2
2.0
6.26
Deposit
Including
215.2
216.2
1.0
10.55
255.8
256.3
0.5
5.29
CR-18-683
301
216.15
217.85
1.6
23.61
Deposit
Including
216.15
216.8
0.65
43.70
Including
217.35
217.85
0.5
18.70
233.15
234.2
1.05
9.43
Including
233.65
234.2
0.55
14.00
CR-18-684
502
374.1
375.15
1.05
1.21
Deposit
CR-18-685
352
257.0
258.95
1.95
17.26
Deposit
Including
258.35
258.95
0.6
50.10
CR-18-686
460
360.0
361.0
1.0
2.07
Deposit
CR-18-687
400
318.6
320.6
2.0
1.98
Deposit
CR-18-690
352
298.7
299.2
0.5
0.08
Exploration
CR-18-691
262
No significant values
Exploration
CR-18-693
250
94.4
94.9
0.5
0.37
Exploration
CR-18-694
256
70.9
71.5
0.6
0.61
Exploration
*The width shown is the core length. True width is estimated to be 90-95% of the core length.
**Hole CR-18-676 was drilled down dip, parallel to the diorite,
to test for the presence of multiple directions of quartz veining. The
width shown is the core length. True width is estimated to be 30-35% of
the core length.
The Croinor Gold deposit is hosted in a sheared diorite sill three
kilometres long by 60-120 metres wide, striking 295 degrees north and
dipping 50-65 degrees to the north. The mineralization is associated
with pyrite found within and adjacent to quartz-tourmaline veins.
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.
Jean-Marc Lacoste, President and Chief Executive Officer, 1-888-994-4465, [email protected], www.monarquesgold.com; Elisabeth Tremblay, Senior Geologist – Communications Specialist, 1-888-994-4465, [email protected], www.monarquesgold.comCopyright CNW Group 2019
Tags: gold, gold exploration, tsx Posted in All Recent Posts, Monarques Gold | Comments Off on Monarch Gold $MQR.ca Intersects 17.26 g/t Au Over 1.95 Metres, Including 50.10 g/t Au Over 0.6 Metres, at its Croinor Gold Project $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IAG $MUX
