Posts Tagged ‘gold’
INTERVIEW: Advance Gold $AAX.ca Discusses Aggressive Exploration Program at Tabasquena Silver Mine in Mexico
$NSM.ca Northern Sphere Mining Corp. Announces Purchase of the Scadding and Arizona Interests from Joint Venture Partner $FCX
- Acquired remaining 20% ownership in Scadding and Black Diamond
- NSM now controls 100% of each property making them each more attractive for investment
- NSM has complete control over both projects
- Black Diamond in Arizona site of exceptional multi-element soil geochemisty results
Toronto, Ontario–(Newsfile Corp. – September 14, 2018) – Northern Sphere Mining Corp. (CSE: NSM) (OTCQB: NSMCF)Â (“Northern Sphere” or the “Company”) is pleased to announce that it has acquired for nominal consideration Trueclaim Exploration Inc.’s (TSXV: TRM) remaining 20% interest in the joint ventures for the mineral property located in Scadding, Ontario and in Globe, Arizona.
“This is a meaningful acquisition for Northern Sphere. We believe that the projects at our Scadding and Arizona properties have a great deal of potential,” says A. John Carter, Chief Executive Officer of Northern Sphere. “As a result of this acquisition, we now have complete control over these projects and we are better positioned to move them forward.”
About Northern Sphere Mining Corp.
Northern Sphere is dedicated to growth through the acquisition and development of mining assets with an emphasis on gold, silver and copper. In efforts to expedite and optimize mineral targeting on its assets, the Company is employing cutting-edge exploration technologies to generate robust mining projects. Headquartered in Toronto, Ontario, Northern Sphere has a strong project pipeline of properties with a focus on gold, silver and other metal production in pro-mining jurisdictions.
Cautionary Statements
This press release contains forward-looking statements which reflect Northern Sphere’s current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual results could differ materially from those projected herein. Northern Sphere disclaims any obligation to update these forward-looking statements other than as required by applicable securities laws.
For further information, please contact:
A. John Carter
Chief Executive Officer
Northern Sphere Mining Corp.
Tel: 905-302-3843
GGX Gold Drilling Intersects 12.45 g/t Gold and 121 g/t Silver over 0.85 Meters — Everest Vein — Gold Drop Property, Southern British Columbia $K.ca $TUSK.ca
- Diamond Drill results for Everest Vein holes EVE18 – 7 to 18, on the Gold Drop property
- Highlight is EVE18-12 intersecting 12.45 g/t gold and 121 g/t silver over 0.85m of altered granodiorite
- Everest Vein 2018 drill holes are located 350 to 800m south of the area of 2017 and 2018 COD Vein drill holes.
Vancouver, British Columbia (FSCwire) – GGX Gold . (TSX-v: GGX), (OTCQB: GGXXF), (FRA: 3SR2) (the “Company†or “GGXâ€) is pleased to announce it has received additional analytical results from its diamond drilling program on the Gold Drop property, located near Greenwood, B.C. Drill core analytical results have been received for 2018 drill holes EVE18-7 to EVE18-18 which tested the area of the Everest Vein, located in the Gold Drop Southwest Zone. The 2018 drilling also tested the COD Vein, located in the Gold Drop Southwest Zone, north of the Everest Vein. The highlight from these analytical results is 12.45 g/t gold and 121 g/t silver over 0.85 meter core length in altered granodiorite in drill hole EVE18-12.
Gold bearing altered granodiorite in drill hole EVE18-12
(12.45g/t Gold over 0.85meters)
To view the graphic in its original size, please click here
The Everest Vein, located south of the COD Vein, was first discovered by Company prospectors during the 2017. Chip samples collected in 2017 across the approximate 0.4 meter 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 August 21, 2017).
The analytical results listed below are highlights from drill holes EVE18-7 to COD18-18 (intersections greater than 1 g/t gold), testing the area of the Everest Vein. Since true widths cannot be accurately determined from the information available the core lengths (meters) are reported. The gold, silver and tellurium analyses are reported in grams per tonne (g/t).
| Hole ID | From (m) | To (m) | Interval Length (m) | Au (g/t) | Ag (g/t) | Te (g/t) |
| EVE18-10 | 52.34 | 52.97 | 0.63 | 2.72 | 20.7 | 14.9 |
| EVE18-12 | 40.41 | 41.26 | 0.85 | 12.45 | 121 | 91.2 |
| EVE18-12 | 43.65 | 43.90 | 0.25 | 1.42 | 5.57 | 4.48 |
| EVE18-13 | 46.42 | 47.34 | 0.92 | 1.32 | 12.8 | 9.9 |
| EVE18-16 | 18.30 | 19.48 | 1.18 | 1.07 | 9.72 | 8.16 |
| EVE18-16 | 20.09 | 20.72 | 0.63 | 3.00 | 31.2 | 22.0 |
The intersection at 40.41-41.26 meters in drill hole EVE18-12 is altered granodiorite with pyrite. The other intersections listed in the preceding table are altered granodiorite with pyrite and / or veining (quartz and or calcite).
To view the graphic in its original size, please click here
The 2018 drilling program also focused on testing and defining the COD Vein, a Dentonia/Jewel style quartz vein. Trenching during 2017 exposed the northeast – southwest striking COD Vein for over 160 meter strike length. Numerous 2018 drill holes testing the COD Vein intersected significant levels of gold, silver and tellurium as reported in News Releases of May 29, June 14, June 27, July 11, July 19, July 25, August 1, August 9, August 15, August 22, August 30 and September 6. These included holes in the area of the 2017 trench and holes southwest of the 2017 trench. More significant gold intersections (core length) to date from the 2018 program at the COD and Everest veins are as follows:
- COD18-3: Â Â Â Â Â 14.62 g/t Au over 2.1 meters
- COD18-26: Â Â Â 10.3 g/t Au over 1.4 meter recovered core (within 2.35 meter interval)
- COD18-28:Â Â Â Â 11.3 g/t Au over 0.51 meters
- COD18-33:Â Â Â Â 8.65 g/t Au over 2.98 meters
- COD18-34:Â Â Â Â 6.16 g/t Au over 3.41 meters
- COD18-37:Â Â Â Â 8.23 g/t Au over 3.95 meters
- COD18-45:Â Â Â Â 50.1 g/t Au over 2.05 meters
- COD18-46:Â Â Â Â 54.9 g/t Au over 1.47 meters
- COD18-49:Â Â Â Â 9.52 g/t Au over 1.47 meters
- COD18-54: Â Â Â 7.60 g/t Au over 1.66 meters
- EVE18-5:Â Â Â Â Â Â Â 10.55 g/t Au over 0.45 meters
- EVE18-12:Â Â Â Â Â 12.45 g/t Au over 0.85 meters
The Everest Vein 2018 drill holes are located approximately 350 to 800 meters south of the area of 2017 and 2018 COD Vein drill holes.
In addition to the gold discovered by the Company at the COD and Everest veins, gold mineralization is reported in quartz veins in the east and north regions of the property. These include the Gold Drop, North Star and the Silent Friend quartz veins in the east region of the property and Amandy, Roderick Dhu, Lady of the Lake, Lake View and Moonlight in northern region of the property. High grade gold is reported for historic samples at some of these veins with samples reported to exceed 1 oz. / ton gold. Historic gold production occurred at the Gold Drop, North Star, Amandy and Roderick Dhu veins.
Drill core from the 2018 program was geologically logged and sampled. Drill core was sawn in half with half core samples submitted for analysis and remaining half core stored in a secure location. Core samples were delivered to the ALS Minerals laboratory in Vancouver to be analyzed for gold by Fire Assay – AA. Samples exceeding 100 g/t gold were re-analyzed for gold by Fire Assay – Gravimetric Finish. The samples were also analyzed for 48 Elements by Four Acid ICP-MS. Samples exceeding 100 g/t silver were re-analyzed for silver by Four Acid ICP-AES. One sample from COD18-46 exceeded 1500 g/t silver and was re-analyzed for silver by Fire Assay – Gravimetric Finish. Quality control (QC) samples were inserted at regular intervals.
David Martin, P.Geo., a Qualified Person as defined by NI 43-101, 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
Investor Relations:
Mr. Jack Singh, 604-488-3900Â Â [email protected]
“ We don’t have to do this, we get to do this â€
The Crew
$NSM.ca Northern Sphere Mining Corp. announces Arizona Gold Processing Agreement with New Ruby Mining Corp.
- Entered into a gold processing agreement with New Ruby Mining Corp.
- The initial production run of gold mineralized material is scheduled to occur during the fourth quarter of 2018.
- NSM will make payment to New Ruby for the gold mineralized material based on a 50/50 net profit share arrangement.
Toronto, Ontario–(Newsfile Corp. – September 11, 2018) – Northern Sphere Mining Corp. (CSE: NSM) (OTCQB: NSMCF) (“NSM” or the “Company”) is pleased to announce it has entered into a gold processing agreement with New Ruby Mining Corp. (“New Ruby”) pursuant to which the Company has agreed to process up to 100 tons per day of high grade gold mineralized material from New Ruby’s Houdon/Ellison gold property (the “Property”), located 80 miles north of NSM’s Globe Arizona production facility.
The processing by NSM will consist of crushing, grinding, screening, gravity concentration and pouring of gold dore bars. New Ruby has agreed to deliver the gold mineralized material to the NSM production facility in batches. The Company will store the mineralized material until sufficient tonnage is received for a production run. Tailings will be returned to the Property as backhaul loads as milling is completed. Gold dore bars will be sold by NSM directly to the refinery.
NSM will provide all of the management and accounting support in connection with these arrangements, including the collection of payment for the sale of gold dore bars. Following receipt of payment on the sale of gold dore bars, NSM will make payment to New Ruby for the gold mineralized material based on a 50/50 net profit share arrangement.
The initial production run of gold mineralized material is scheduled to occur during the fourth quarter of 2018. Metallurgical testing will commence immediately upon receipt of a 500 lbs sample of gold mineralized material from New Ruby. NSM’s production facility includes full gravity processing, an assay facility, maintenance shop and office.
“We are pleased that the Company will be in position to start generating revenue that will be used to advance our other assets,” stated A. John Carter, Chief Executive Officer. “Specifically, we will be focusing on our copper/silver/gold/manganese anomaly in Arizona (approximately 3 miles from the Buckeye Mine) and our gold/copper/cobalt/platinum group metals property in Northern Ontario.”
About Northern Sphere Mining Corp.
Northern Sphere is dedicated to growth through the acquisition and development of mining assets with an emphasis on gold, silver and copper. In efforts to expedite and optimize mineral targeting on its assets, the Company is employing cutting-edge exploration technologies to generate robust mining projects. Headquartered in Toronto, Ontario, Northern Sphere has a strong project pipeline of properties with a focus on gold, silver and other metal production in pro-mining jurisdictions.
Cautionary Statements
This press release contains forward-looking statements which reflect Northern Sphere’s current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual results could differ materially from those projected herein. Northern Sphere disclaims any obligation to update these forward-looking statements other than as required by applicable securities laws.
For further information, please contact:
A. John Carter
Chief Executive Officer
Northern Sphere Mining Corp.
Tel: 905-302-3843
$LAB.ca Labrador Gold Announces Preliminary Results from Hopedale $MOZ.ca $ANX.ca $GR.ca
- Preliminary results from the first phase of detailed gold exploration in the Florence Lake greenstone belt (FLGB)
- 7,783 soil samples were taken on 12 grids at a 100m line spacing and 25m sample spacing in the southern portion of the FLGB
- Results of arsenic XRF analyses are used to focus exploration for potential gold-rich zones.
VANCOUVER, British Columbia, Sept. 10, 2018 — Labrador Gold Corp. (TSX-V: LAB) (“Labrador Gold†or the “Companyâ€) is pleased to announce preliminary results from the first phase of detailed gold exploration in the Florence Lake greenstone belt (FLGB). The company controls a 50 kilometre strike length of stratigraphy prospective for gold in the belt. The exploration program at Florence Lake followed up on successful results of 2017 and included detailed soil sampling, geological mapping, rock sampling and prospecting along the length of the belt.
A total of 7,783 soil samples were taken on 12 grids at a 100m line spacing and 25m sample spacing in the southern portion of the FLGB. All soils were dried for three days and analyzed by field portable XRF for multiple elements. Results show anomalous arsenic values in eight of the twelve grids with significant arsenic anomalies extending over 3.3km long by 800m wide and 1.5km long by 300m wide on the Misery grid and over 4.1km long by 600m wide on the Jasmine grid (see figures at www.labradorgold.com/Hopedale).
Given the good correlation of gold and arsenic anomalies shown by results of soil sampling during 2017, and the use of arsenic as a pathfinder for gold in greenstone belts, the results of arsenic XRF analyses are used to focus exploration for potential gold-rich zones.
The company is currently using an innovative technique, suggested by Technical Advisor Shawn Ryan, to follow up the soil anomalies. Geologists use a hand-held impact drill to drill 4 to 5 inch holes in outcrop in the anomalous area, collect the rock powder created and analyze it with the XRF while in the field. Use of a more homogeneous rock powder sample for XRF analysis than a simple rock chip allows for rapid in field assessment of the outcrops and further targets zones with potential for gold mineralization. Outcrops tested in this manner have shown arsenic anomalies on both the Jasmine and Misery grids (see figures at www.labradorgold.com/Hopedale).
Arsenic anomalies in soil and drill powder on the Misery grid coincide with a strong quartz carbonate alteration zone extending for more than 2km along strike. Anomalies on the Jasmine grid cover mafic volcanic rocks which are known to contain arsenopyrite locally in the wallrock of quartz veins (see news release dated August 14, 2018). In addition, recent prospecting in the vicinity of the soil and hand drill anomalies at Jasmine has uncovered a new arsenopyrite showing that has been followed along strike for 120 metres and remains open to the south.
“The use of XRF analyses of both soil and rock powder samples in the field is allowing rapid and efficient targeting of mineralized zones with the best potential, said Roger Moss, Labrador Gold Chief Executive Officer. “Discovery of arsenopyrite and pyrite mineralization during follow up prospecting demonstrates the success of the technique.â€
Further follow up is ongoing with prospecting, channel sampling and structural mapping of the known and recently discovered showings.
XRF Analysis
Both soil and rock powder samples were analyzed by an Reflex Delta Model DP-2000-CC using Innov-X Delta advanced PC software. Prior to the start of analyses each day a routine calibration check was performed on the instrument using a Reflex Sandard “cal check†coin. Soil samples are analyzed at base camp and rock powder samples are analyzed at the sample site.
Roger Moss, PhD., P.Geo., is the qualified person responsible for all technical information in this release.
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 Nain (503 km2) and Hopedale (458 km2) properties 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).
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 51,442,552 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.
For more information please contact:
Roger Moss, President and CEOÂ Â Â Â Â Tel: 416-704-8291
Or visit our website at:Â www.labradorgold.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Monarques Gold $MQR.ca Sells its Interest in the Chimo Property to Chalice Gold Mines $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IMG.ca $IAG $MUX
- Announced that it has sold its 30% interest in the Chimo property to Chalice Gold Mines Limited (ASX:CHN; TSX:CXN) in consideration of 3 million fully-paid ordinary Chalice shares and a net smelter return (“NSR”) royalty of 0.5-1.5% (0.5% on the claims with pre-existing royalties and 1.5% on all other claims)
- Chalice is entitled to buy back 0.5% of the NSR royalty from Monarques for $1.0 million at any time
MONTREAL, Sept. 10, 2018 - MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSXV:MQR) (OTCMKTS:MRQRF) (FRANKFURT:MR7) is pleased to announce that it has sold its 30% interest in the Chimo property to Chalice Gold Mines Limited (“Chalice”) (ASX:CHN; TSX:CXN) in consideration of 3 million fully-paid ordinary Chalice shares and a net smelter return (“NSR”) royalty of 0.5-1.5% (0.5% on the claims with pre-existing royalties and 1.5% on all other claims). Chalice is entitled to buy back 0.5% of the NSR royalty from Monarques for $1.0 million at any time.
Previously, Chalice exercised an option in March 2018 to earn a 70% interest in the property under an option and farm-in agreement that called for it to incur $3.1 million in exploration expenditures, make option payments totalling $200,000 and grant Monarques a 1% NSR royalty on certain claims.
“This is a good deal for both companies, as it allows Chalice to consolidate its position in its highly prospective East Cadillac Gold Project and Monarques to keep an interest in this mining play while continuing to focus on its core assets, namely the Wasamac gold project,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques.
ABOUT MONARQUES GOLD CORPORATION
Monarques Gold Corporation (TSXV: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 five 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 Monarques’ actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
View original content with multimedia:http://www.prnewswire.com/news-releases/monarques-gold-sells-its-interest-in-the-chimo-property-to-chalice-gold-mines-300709098.html
SOURCE Monarques Gold Corporation
$GR.ca Great Atlantic has Begun 2018 Exploration Drilling Program at its Pilley’s Island Base – Precious Metal Property Northern Newfoundland $LAB.ca, $ANX.ca $MOZ.ca
- Commenced the 2018 exploration at its Pilley’s Island Base – Precious Metal Property, Newfoundland
- program consists of prospecting and rock and soil geochemical sampling on a regional scale, multiple targets
- Significant levels of zinc, lead, copper, gold and silver identified in 2017 at the Bull Road Showing
Vancouver, British Columbia (FSCwire) – GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the “Company†or “Great Atlanticâ€) is pleased to announce it has commenced the 2018 exploration program at its Pilley’s Island Base – Precious Metal Property, located in north-central Newfoundland, Newfoundland and Labrador. The property was expanded in 2018 to 4,600 hectares, covering most of Pilley’s Island. The current work program consists of prospecting and rock and soil geochemical sampling on a regional scale covering multiple target areas. The Company confirmed significant levels of zinc, lead, copper, gold and silver mineralization during 2017 within the property at the Bull Road Showing. The Company is also planning a diamond drilling program for 2018 at the Bull Road Showing.
To view the graphic in its original size, please click here
The focus of Great Atlantic’s work to date on the property has been the Bull Road showing, located in the southern region of Pilley’s Island. A trench was excavated in 2017 at this showing exposing sulfide mineralization over a northwest-southeast length of 130 meters with a width varying between 1-7 meters. The Bull Road Showing is a polylithic slump breccia of volcanogenic massive sulphide mineralization containing massive sulphide clasts up to greater than a meter in length. Sample results from this trench are reported in the Company’s News Releases of November 16 and December 14, 2017. Bull Road Trench sample highlights include (channel sample lengths are in meters):
- 1.05m channel sample: 15.40% Zn, 6.60% Pb, 4.66% Cu, 111.5 g/t Ag and 1.008 g/t Au.
- 0.70m channel sample: 17.30% Zn, 0.10% Pb, 2.97% Cu, 31.2 g/t Ag and 0.449 g/t Au.
- 0.95m channel sample: 3.95% Zn, 0.73% Pb, 2.83% Cu, 62.2 g/t Ag and 0.613 g/t Au.
- 1.00m channel sample: 2.96% Zn, 0.03% Pb, 3.27% Cu, 30.4 g/t Ag and 0.563 g/t Au
- Outcrop grab sample: 40.8% Zn, 4.69% Pb, 6.08% Cu, 22.5 g/t Ag and 1.366 g/t Au.
- Outcrop grab sample: 32.60% Zn, 1.30% Pb, 8.38% Cu, 148.1 g/t Ag and 1.421 g/t Au
- Outcrop grab sample: 36.40% Zn, 5.50% Pb, 4.22% Cu, 59.9 g/t Ag and 0.325 g/t Au
- Outcrop grab sample: 27.5% Zn, 20.0% Pb, 5.78% Cu, 63.4 g/t Ag and 0.314 g/t Au
Bull Road Trench
To view the graphic in its original size, please click here
Massive sulfide mineralization at the Bull Road Trench
To view the graphic in its original size, please click here
The 2017 samples were analyzed at Eastern Analytical in Springdale Newfoundland (gold by Fire Assay – atomic absorption (AA); and copper, lead, zinc and silver by multi-acid digestion and AA). The channels samples were collected across selected clasts at generally right angles to the long dimension of the clasts. The 2017 Bull Road trench sample data was verified by qualified persons who managed the sampling program and verified sample data.
Great Atlantic is planning a diamond drilling program for fall 2018 at the Bull Road showing.
The Pilley’s Island Property hosts the historic Pilley’s Island Mine, which operated during the 1890s and early 1900s. The Newfoundland and Labrador Department of Natural Resources reports historic estimated proven reserves of 1.159 million tonnes grading 1.23% Cu (referencing Grimley, 1968 as the source) or 627,373 tons at 2.34% Cu (referencing Walker, 1976 as the source ) in their Mineral Occurrence Database. David Martin, VP Exploration for Great Atlantic, states “These historical estimates of reserves are not reliable. The historical estimates are only relevant to the extent of identifying an area on the property for research and possible future exploration. The key assumptions, parameters, and methods used to prepare the historical estimates are not known. A qualified person has not done sufficient work to classify the historical estimates as current resources or current reserves. A qualified person would need to complete sufficient work following CIM Best Practice Guidelines to upgrade or verify the historical estimates as current mineral resources or mineral reserves. This would almost certainly require additional exploration in the way of diamond drilling, trenching and / or underground work and corresponding sampling all of which must follow CIM Exploration Best Practice Guidelines.†Great Atlantic is not treating the historical estimates for the historic Pilley’s Island Mine as current mineral resources or mineral reserves.
Access to and infrastructure at the Pilley’s Island Property is excellent. The property is serviced with power mains and government maintained roads and is within 2 km of tide water. The property is located within a mining friendly district.
Readers are warned that historical data on the historic Pilley’s Island Mine referred to in this News Release have not been verified by a qualified person. A qualified person has not verified this data as the Company’s focus since acquiring the property in 2017 has been the Bull Road showing.
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.
On Behalf of the board of directors
“Christopher R Andersonâ€
Mr. Christopher R Anderson ” Always be positive, strive for solutions, and never give up ”
President CEO Director
604-488-3900
Monarques Gold $MQR.ca Intersects 8.24 g/t #Gold Over 9 Metres Including 26.38 g/t Au Over 2.6 Metres on its Croinor #Gold Project $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IMG.ca $IAG $MUX
- Hole CR-18-606 returned 8.24 g/t Au over 9.0 metres, including 26.38 g/t Au over 2.6 metres
- This intersection lies 328 vertical metres below surface, 54 metres north of and 34 metres below the mineralized intersection of hole CN-88-133, which was used to design the deepest stope in the mining plan
Drilling confirms grades for planned bulk sampling areas and continues to expand the deposit at depth and to the west
MONTREAL, Sept. 5, 2018 – MONARQUES GOLD CORPORATION (“Monarques”, “Monarques Gold” or the “Corporation”) (TSXV:MQR) (OTCMKTS:MRQRF) (FRANKFURT:MR7) is pleased to report additional assay results from the 2018 diamond drilling program at its wholly owned Croinor Gold project 50 kilometres east of Val-d’Or, Québec. The 20,000-metre program started in March 2018 and is focused on the expansion and infilling of the Croinor Gold deposit. The Phase 2 results are from a total of 5,327 metres of drilling in 27 holes (see plan view). Phase 2 drilling is complete, with assays pending, and Phase 3 drilling has started.
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. The goal of Phase 2 was to extend the Croinor Gold deposit farther west and infill the two areas slated for underground bulk sampling.
Hole CR-18-606 returned 8.24 g/t Au over 9.0 metres, including 26.38 g/t Au over 2.6 metres. This intersection lies 328 vertical metres below surface, 54 metres north of and 34 metres below the mineralized intersection of hole CN-88-133, which was used to design the deepest stope in the mining plan. Hole CR-18-601, drilled on the western part of the Croinor Gold deposit, 84 metres west of the nearest hole (CR-11-401) on the same horizon, returned 5.30 g/t Au over 1.1 metres in an intersection 336 metres below surface. These results show that the deposit is still open both at depth and to the west, and that further drilling is warranted.
Hole CR-18-610 returned 5.67 g/t Au over 7.0 metres just below the 500-foot level drift of the old mine, enlarging a planned stope on this level.
Infill drilling of two areas slated for bulk sampling returned 18.45 g/t Au over 0.9 metres, 12.00 g/t Au over 1.2 metres and 11.25 g/t Au over 1.0 metres from the area on the 125-foot level and 12.50 g/t Au over 1.1 metres, 6.34 g/t Au over 1.2 metres and 4.68 g/t Au over 1.2 metres from the area on the 250-foot level, in addition to other values shown in the table below. These encouraging numbers confirm and expand the two areas planned for bulk sampling on two different levels. The area on the 125-foot level is in the western part of the deposit and the area on the 250-foot level is near the old shaft in the middle of the deposit.
“Drilling on Croinor Gold continues to generate excellent results,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “Like Phase 1, Phase 2 was a success, striking mineralized zones in 26 of the 27 holes, returning a number of high-grade intersections and enabling us to confirm the grades and continuity of the gold structures in the planned bulk samples areas and extend the deposit at depth and to the west. As we await the final results for Phase 2, we have commenced Phase 3 drilling, which in addition to definition drilling on planned stopes in the western sector of the deposit is focused on other promising exploration targets on the 151Â km2 Â Croinor Gold property. From what we know of Croinor Gold to date, we believe that its gold discovery potential remains essentially untapped.”
Phase 2 drill results from the Croinor Gold project
| Hole Number | Length | From | To | Width* | Grade Au |
| (m) | (m) | (m) | (m) | (g/t) | |
| CR-18-592 | 208 | 180.5 | 181.2 | 0.7 | 1.66 |
| CR-18-596 | 91 | 56.5 | 58.0 | 1.5 | 9.87 |
| Including | 57.5 | 58.0 | 0.5 | 26.70 | |
| CR-18-598 | 328 | 277.0 | 277.7 | 0.7 | 0.64 |
| CR-18-599 | 111 | 56.6 | 57.7 | 1.1 | 7.78 |
| CR-18-600 | 82 | Abandoned hole | |||
| CR-18-601 | 436 | 339.3 | 340.4 | 1.1 | 5.30 |
| CR-18-602 | 81 | 51.3 | 52.1 | 0.8 | 0.02 |
| CR-18-603 | 342 | 151.8 | 152.8 | 1.0 | 1.40 |
| CR-18-604 | 202 | 179.6 | 180.0 | 0.4 | 0.03 |
| CR-18-605 | 97 | 57.0 | 58.0 | 1.0 | 4.09 |
| CR-18-606** | 637 | 333.5 | 342.5 | 9.0 | 8.24 |
| Including | 333.5 | 336.1 | 2.6 | 26.38 | |
| 346.7 | 347.3 | 0.6 | 3.95 | ||
| CR-18-607 | 292 | 175.0 | 177.4 | 2.4 | 2.00 |
| Including | 175.5 | 176.0 | 0.5 | 3.12 | |
| CR-18-608 | 193 | 132.2 | 133.2 | 1.0 | 0.41 |
| CR-18-609 | 208 | 112.3 | 113.2 | 0.9 | 0.13 |
| CR-18-610 | 250 | 177.0 | 178.0 | 1.0 | 7.30 |
| 180.0 | 181.0 | 1.0 | 5.36 | ||
| 189.0 | 196.0 | 7.0 | 5.67 | ||
| Including | 189.0 | 192.0 | 3.0 | 7.01 | |
| 199.0 | 199.8 | 0.8 | 7.58 | ||
| CR-18-611 | 223 | 188.0 | 189.0 | 1.0 | 29.50 |
| CR-18-612 | 300 | 99.8 | 100.8 | 1.0 | 35.90 |
| CR-18-613 | 142 | 74.5 | 75.5 | 1.0 | 0.66 |
| CR-18-614 | 55 | 38.7 | 39.3 | 0.6 | 0.16 |
| CR-18-615 | 181 | 38.85 | 40.9 | 2.05 | 9.66 |
| Including | 40.0 | 40.9 | 0.9 | 18.45 | |
| 93.5 | 94.5 | 1.0 | 2.35 | ||
| 112.0 | 113.0 | 1.0 | 7.67 | ||
| 175.0 | 176.35 | 1.35 | 3.41 | ||
| CR-18-616 | 181 | 60.4 | 61.6 | 1.2 | 6.34 |
| 66.2 | 67.4 | 1.2 | 4.68 | ||
| CR-18-617 | 130 | 36.8 | 37.6 | 0.8 | 0.46 |
| CR-18-618 | 199 | 73.3 | 74.0 | 0.7 | 4.54 |
| CR-18-619 | 151 | 28.0 | 29.2 | 1.2 | 12.00 |
| 32.8 | 34.8 | 2.0 | 6.60 | ||
| CR-18-620 | 70 | 39.0 | 41.2 | 2.2 | 6.72 |
| Including | 39.0 | 40.0 | 1.0 | 11.25 | |
| CR-18-621 | 85 | 66.5 | 67.6 | 1.1 | 12.50 |
| CR-18-622 | 52 | 42.0 | 43.0 | 1.0 | 3.07 |
| * | The width shown is the core length. True width is estimated to be 90-95% of the core length. |
| ** | Hole CR-18-586 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. |
Sampling normally consists of sawing the core into two equal halves along its main axis and shipping one of the halves to the ALS Minerals laboratory in Val-d’Or for assaying. The samples are crushed, pulverized and assayed by fire assay with atomic absorption finish. Results exceeding 3.0 g/t are re-assayed using the gravity method, and samples containing gold grains are assayed using the metallic sieve method. Monarques 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 MONARQUES GOLD CORPORATION
Monarques Gold Corporation (TSXV: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 six 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 Monarques’ actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
View original content with multimedia:http://www.prnewswire.com/news-releases/monarques-gold-intersects-8-24-gt-au-over-9-metres-including-26-38-gt-au-over-2-6-metres-on-its-croinor-gold-project-300706598.html
CLIENT FEATURE: American Creek $AMK.ca encounters high grade #Gold / #Silver at Treaty Creek, same system as Seabridge Gold $SA $SEA.ca $SKE.ca $TUD.ca $PVG $MRO.ca
- Intersected various mineralized zones
- Most significant was 337.5m of continuous mineralization grading 0.76 g/t gold from 2 to 339.5m depth,
- Including a higher grade intercept of 124.5m grading 0.98 g/t gold from 53.0 to 177.5m
OTHER RECENT HIGHLIGHTS
- Reported on First Two 2018 Holes at Treaty Creek Including 1.036 G/T Gold over 121.8 Meters and First Sighting of Visible Gold in Core Read More
- Encountered numerous high grade gold/silver intercepts in preliminary drilling at the new HC zone at the Treaty Creek Project Read More
- Additional gold discovery of 5.1m of 9.57 g/t gold from 249.35m to 254.45m Read More
View Presentation
FULL DISCLOSURE: American Creek Resources is an advertising client of AGORA Internet Relations Corp.
$GGX.CA GGX Gold Drilling Intersects 9.52 g/t Gold & 118 g/t Silver over 1.47 Meters, Gold Drop Property, Southern British Columbia
- Rresult for holes COD18-49 to COD18-51. The COD gold bearing vein is located in the Gold Drop Southwest Zone.
- COD18-49 intersected 9.52 g/t gold & 118 g/t silver over 1.47 meters
Vancouver, British Columbia (FSCwire) – GGX Gold Corp. (TSX-v: GGX), (OTCQB: GGXXF), (FRA: 3SR2) (the “Company†or “GGXâ€) is pleased to announce it has received additional analytical results from its diamond drilling program on the Gold Drop property, located near Greenwood, B.C. Drill core analytical results have been received for 2018 drill holes COD18-49 to COD18-51 which tested the COD Vein. The COD gold bearing vein is located in the Gold Drop Southwest Zone. High grade gold has been confirmed within the COD Vein during the 2018 drill program with some core samples exceeding 1 oz. / ton gold. Gold bearing quartz veins are also reported in the east and north regions of the property, with historic samples reported to exceed 1 oz. / ton gold for veins in both areas.
Gold bearing quartz vein in drill hole COD18-49
(9.52 g/t gold over 1.47meters)
To view the graphic in its original size, please click here
The analytical results listed below are highlights from drill holes COD18-49 to COD18-51 (intersections greater than 1 g/t gold), testing the continuation of the COD Vein south-southwest of the 2017 trench. Since true widths cannot be accurately determined from the information available the core lengths (meters) are reported. The gold, silver and tellurium analyses are reported in grams per tonne (g/t).
| Hole ID | From (m) | To (m) | Interval Length (m) | Au (g/t) | Ag (g/t) | Te (g/t) |
| COD18-49 | 31.14 | 32.61 |
1.47 |
9.52 | 118 | 72.2 |
| including | 31.14 | 31.5 | 0.36 | 5.56 | 39.4 | 48.1 |
| including | 31.8 | 32.1 | 0.3 | 1.99 | 11.55 | 8.75 |
| including | 32.1 | 32.4 | 0.3 | 24.5 | 367 | 186 |
| including | 32.4 | 32.61 | 0.21 | 19.1 | 214 | 142.5 |
| COD18-51 | 31.51 | 31.89 | 0.38 | 1.06 | 11.8 | 7.71 |
The highlight from these analytical results is an intersection of 9.52 g/t gold & 118 g/t silver over 1.47 meters core length in drill hole COD18-49, including 24.5 g/t gold, 367 g/t silver and 186 g/t tellurium over 0.30 meter core length. This interval of quartz veining and altered wall rock inclusions is at approximately 22 meter vertical depth and approximately 140 meters southwest of the area of 2017 trenching at the COD Vein. This hole was drilled at a 45 degree dip to the northwest. Holes COD18-45 and COD18-46, drilled from the same set-up but to the west, also intersected near-surface high grade gold (News Releases of August 15 and 22, 2018) identifying this area as having potential for high grade gold mineralization. COD18-49 was drilled approximately 200 meters southwest of drill hole COD17-14 which intersected the 4.59 g/t gold over 16.03 meter core length, including 10.96 g/t gold over 5.97 meter core length (News Release of September 7, 2017).
The 2018 drilling program focused on testing and defining the COD Vein, a Dentonia/Jewel style quartz vein. Trenching during 2017 exposed the northeast – southwest striking COD Vein for over 160 meter strike length. Numerous 2018 drill holes testing the COD Vein intersected significant levels of gold, silver and tellurium as reported in News Releases of May 29, June 14, June 27, July 11, July 19, July 25, August 1, August 9, August 15 and August 22. Most of these holes are southwest of the area of 2017 trenching. More significant gold intersections (core length) to date from the 2018 program are as follows:
- COD18-3: Â Â Â Â Â 14.62 g/t Au over 2.1 meters
- COD18-26: Â Â Â 10.3 g/t Au over 1.4 meter recovered core (within 2.35 meter interval)
- COD18-28:Â Â Â Â 11.3 g/t Au over 0.51 meters
- COD18-33:Â Â Â Â 8.65 g/t Au over 2.98 meters
- COD18-34:Â Â Â Â 6.16 g/t Au over 3.41 meters
- COD18-37:Â Â Â Â 8.23 g/t Au over 3.95 meters
- COD18-45:Â Â Â Â 50.1 g/t Au over 2.05 meters
- COD18-46:Â Â Â Â 54.9 g/t Au over 1.47 meters
- COD18-49:Â Â Â Â 9.52 g/t Au over 1.47 meters
To view the graphic in its original size, please click here
The 2018 drilling program also tested the continuation of the Everest Vein, which is located approximately 600 meters southwest of the COD Vein worksite. The Everest Vein was first discovered by Company prospectors during the 2017. Chip samples collected in 2017 across the approximate 0.4 meter 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 August 21, 2017).
In addition to the gold discovered by the Company at the COD and Everest Veins, gold mineralization is reported in in quartz veins in the east and north regions of the property. These include the Gold Drop, North Star and the Silent Friend quartz veins in the east region of the property and Amandy, Roderick Dhu, Lady of the Lake, Lake View and Moonlight in northern region of the property. High grade gold is reported for historic samples at some of these veins with samples reported to exceed 1 oz. / ton gold. Historic gold production occurred at the Gold Drop, North Star, Amandy and Roderick Dhu veins.
Drill core from the 2018 program was geologically logged and sampled. Drill core was sawn in half with half core samples submitted for analysis and remaining half core stored in a secure location. Core samples were delivered to the ALS Minerals laboratory in Vancouver to be analyzed for gold by Fire Assay – AA. Samples exceeding 100 g/t gold were re-analyzed for gold by Fire Assay – Gravimetric Finish. The samples were also analyzed for 48 Elements by Four Acid ICP-MS. Samples exceeding 100 g/t silver were re-analyzed for silver by Four Acid ICP-AES. One sample from COD18-46 exceeded 1500 g/t silver and was re-analyzed for silver by Fire Assay – Gravimetric Finish. Quality control (QC) samples were inserted at regular intervals.
David Martin, P.Geo., a Qualified Person as defined by NI 43-101, 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
Investor Relations:
Mr. Jack Singh, 604-488-3900Â Â [email protected]
“ We don’t have to do this, we get to do this â€Â
The CrewÂ
