- Specimens from the structure averages 27,092 gm/tonne silver and 248 gm/tonne gold
- Results from outcrop specimens of high grade material collected on its Electrum property from the Shiny Cliff vein on the North Face Showing Read More
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INTERVIEW: American Creek Discusses Recent High Grade Specimens With Avg. 27,092 gm/t Silver and 248 gm/t Gold
Posted by
at 8:38 AM on Wednesday, January 20th, 2016
American Creek Resources – Electrum Project High Grade Specimens Average 27,092 gm/t Silver and 248 gm/t Gold
Posted by
at 9:16 AM on Tuesday, January 19th, 2016
- Results from outcrop specimens of high grade material collected on its Electrum property from the Shiny Cliff vein on the North Face Showing
- Specimens from the structure averages 27,092 gm/tonne silver and 248 gm/tonne gold
CARDSTON, ALBERTA–(Jan. 19, 2016) – American Creek Resources Ltd. (TSX VENTURE:AMK) (“American Creek”) is pleased to provide results from outcrop specimens of high grade material collected on its Electrum property from the Shiny Cliff vein on the North Face Showing.
Twenty-two specimens were collected along a central druzy quartz vein, approximately 35 cm wide, infilled with dark grey mineralization. The specimens from the structure averages 27,092 gm/tonne silver and 248 gm/tonne gold.
The following table lists the results.
The American Creek 2015 fall exploration program focused on the Shiny Cliff area. Its objective was to gain a better understanding of the geological structures present and to test a newly developed exploration concept and approach for the property.
A specialized diamond coring drill was utilized which had the capability to drill flat holes and which provided the ability to drill targets of interest with more precision. Approximately 100 grab specimens were collected from various locations on the property and eight shallow diamond drill holes totaling 1020 feet were drilled.
Drilling was carried out 15 metres to the southeast towards the Shiny Cliff showings. Our current understanding of the larger structure which hosts the high grade specimens from the Shiny Cliff showings are that the alteration zone is roughly 10 metres wide containing 3 veins. The structure strikes NorthWest and dips steeply to the SouthWest into the hillside. The Shiny Cliff Vein material assayed is interpreted to be the central of the 3 veins intersected by the drilling.
Precious metal values for all specimens were measured by the accurate, but destructive, fire-assay. 50 gram specimens were fire assayed by Bureau Veritas Minerals Laboratories (BVML) services in Vancouver, Canada. The technique used lead collection fire assay fusion for total sample decomposition, digestion of the Ag dore bead and the gold bead is then analyzed by gravimetric method. It should be noted that an extra equipment wash with silica between specimen pulverizing was in place to reduce sample cross contamination.
Additional assays results, along with an interpretation of those results, will be released in the near future after further analysis has been completed.
The Electrum project is 100 per cent owned by American Creek and is located in the Golden Triangle, north of Stewart, B.C., a region known for its dynamic, large scale precious metal exploration and mining activities
The Electrum project (historical East gold mine) is located approximately 25 km south of Pretivm’s Brucejack gold mine. The Electrum is road accessible and is only 45 km from world-class concentrate shipping port facilities located in Stewart.
The Qualified Person for the Electrum exploration program is Alex Burton, P. Eng., P. Geo. for the purposes of National Instrument 43-101.
American Creek Resources Ltd. is a Canadian junior mineral exploration company focused on the acquisition, exploration and development of mineral deposits within the Province of British Columbia, Canada.
Information relating to the Corporation is available on its website at www.americancreek.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
American Creek Resources Ltd.
Kelvin Burton
403 752-4040
[email protected]
www.americancreek.com
David Mosher Joins the Harvest Gold Board of Directors
Posted by
at 2:57 PM on Thursday, January 7th, 2016
- Announced the appointment of David Mosher as a Director of the Company, effective immediately
- Mining executive with over thirty-five years experience in Australia, Canada, the United States, Russia, Asia and Africa
Vancouver, BC / January 7, 2016 – Harvest Gold Corporation (TSX.V: HVG) (the “Company”) is pleased to announce the appointment of David Mosher as a Director of the Company, effective immediately. Mr. Mosher is a mining executive with over thirty-five years experience in Australia, Canada, the United States, Russia, Asia and Africa. Over the past decade he has been active in the restructuring, financing and management of a number of resource companies, both private and public. Currently he is an independent director for three public companies.
Most notably in Mr. Mosher’s career, from 1992 to 2008, he was the President and CEO of High River Gold Mines Ltd., a Toronto Stock Exchange listed company involved in the exploration, development and production of gold. In late 1992 he negotiated a JV with TVX Gold Inc. to put the New Britannia Gold Mine in Manitoba, Canada into production, acquired a major equity interest in two producing Russian gold mines and completed a Mining Investment Agreement with the government of Burkina Faso allowing exploration, development and production on the advanced Taparko property. He was responsible for equity financing of over $300 million to support the company’s growth from 1993, which included the development of two open pit mines: the Taparko Gold mine in Burkina Faso, West Africa and the Berezitovoye Gold mine in Russia.
Also noteworthy, as Project Manager of Pancontinental Mining Limited (PML) from 1972 to 1974, a joint venture between PML and Getty Oil, he led the team that discovered and outlined the world’s largest uranium deposit at that time, the Jabiluka uranium project in the Northern Territory of Australia.
Rick Mark, President and CEO of Harvest Gold, states: “I have known and worked with Dave for almost ten years and am delighted he is joining the Company’s Board. His experience speaks for itself. Very few in our industry of exploring, discovering, financing, developing and operating mines have successfully executed all phases of the business and Dave has done it successfully in varied jurisdictions around the world. He is an outstanding geologist and an excellent communicator and adds depth and knowledge to our Board.”
On behalf of the Board of Directors
Rick Mark,
President and CEO,
Harvest Gold Corporation
For more information please contact:
Rick Mark or Jan Urata
@ 604.682.2928 or [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Phase I Geophysical Exploration on Decouverte Property Completed
Posted by
at 11:05 AM on Monday, November 30th, 2015
- Company providing update in relation to its grant from the Institut National de la Recherche Scientifique of Quebec for the deep geophysical surveys on Durango’s wholly owned Decouverte property
- The INRS grant on the Decouverte property was used to focus on defining the electromagnetic (EM) anomalies from Durango’s Dighem airborne survey, which may be indicative of massive sulphide mineralization
Vancouver, BC / November 30, 2015 – Durango Resources Inc. (the “Company” or “Durango“) is pleased to provide an update in relation to its grant from the Institut National de la Recherche Scientifique (“INRS”) of Quebec for the deep geophysical surveys on Durango’s wholly owned Decouverte (Discovery) property.
The Decouverte property is located in the Frotet-Evans greenstone belt in northern Quebec approximately 100 km to the northwest of the town of Chibougamau, neighbouring on the east side of Osisko Gold’s Assinica property (TSX-OR), 10km southwest of Beaufield Resources Inc.’s Troilus-Tortigny Property (TSX.V-BFD) and 60 km to the southwest of the former-producing Troilus mine.
The INRS grant on the Decouverte property was used to focus on defining the electromagnetic (EM) anomalies from Durango’s Dighem airborne survey, which may be indicative of massive sulphide mineralization. The field exploration program conducted in November 2015 included magnetometric, gravimetric and audiomagnetotellurics surveys along kilometer long sections which intersected different geological structures of interest for mineral exploration.
One section examined, crosses a magnetic high and a strong conductor hosted in a basaltic unit which is probably hosting an iron formation or possibly volcanogenic mineralization. Preliminary interpretation of the audiomagnetotellurics data shows distinct geolectric features up to 2,000m (depth).
Rock sampling was conducted to allow for petrophysics laboratory study on the Decouverte rocks. All geophysical, petrophysical and geological data will be examined over the next few months and will be used to develop a model of the deep geology of the property. Additional information will be released as it becomes available.
Marcy Kiesman, CEO, states, “The Decouverte property remains a compelling project for Durango due to its volcano-sedimentary environment and structural geology which increases the potential for a significant gold and /or VMS deposit. It is noteworthy that there are three important massive sulphide showings to the west (Fallara, Rapides Assinica and Lucky Strike) and to the East there are VMS deposits with proven resources (Tortigny, Lessard, De Maures, Moleon). Osisko neighbours to the west of Decouverte and is also exploring mindful that VMS deposits often occur in clusters which means the discovery of one may indicated that there are others nearby.”
The technical information in this news release has been reviewed and approved by Marc Richer-Lafleche, P.Geo QC, a qualified person as defined in National Instrument 43-101.
About Decouverte
The Decouverte property is in the Frotet-Evans greenstone belt approximately 60 kilometres southwest of the former Troilus copper-gold mine, which produced over two million ounces Au and 50,000 tonnes Cu from 1997 to 2010. The property covers approximately 5,900 hectares covering a synclinal fold nose of Archean units transected by a major northeast-trending shear zone. Durango carried out a helicopter-borne DIGHEM EM/magnetic airborne geophysical survey on the property in 2011 (NR Nov. 24, 2011) and soil geochemistry and prospecting in 2013 and 2014 targeting areas identified in the airborne survey. The geological setting is mainly mafic volcanics (basalts/andesites), in places strongly sheared, cut by pegmatitic granitic units, and significant sedimentary, oxide and sulphide facies iron formation units. Alteration including silica, sericite and iron carbonate is noted. Significant soil values included 174 ppb gold, 0.66 ppm silver, 150 ppm nickel, 200 ppm copper and 240 ppm barium. Chip/channel rock samples gave values of 7.6 g/t gold and 6.24 g/t gold hosted in narrow quartz veins in mafic volcanics, in the contact area with the pegmatitic granite. The property is located 100 kilometres north of Chibougamau, Quebec and benefits from favourable infrastructure, including road accessibility, being 10 kilometres from Route du Nord, and a power line that bisects the property.
PHASE I travaux geophysiques au PROPRIETE DECOUVERTE REMPLI
Vancouver, Colombie-Britannique / TheNewswire / Novembre 30, ici a 2015 – Ressources Durango Inc. (la “Societe” ou “Durango”) est heureuse de fournir une mise a jour par rapport a sa subvention de l’Institut national de la recherche scientifique (<<INRS>>) de Quebec pour les leves geophysiques profondes sur Decouverte (Discovery) la propriete a part entiere de Durango.
La propriete Decouverte est situe dans la ceinture de roches vertes de Frotet-Evans dans le nord du Quebec a environ 100 km au nord-ouest de la ville de Chibougamau, voisin sur le cote est de la propriete Assinica d’Osisko Gold (TSX-OR), 10 km sud-ouest de Beaufield Resources Inc. Troilus-Tortigny propriete (TSX.V-BFD) s >>et a 60 km au sud-ouest de l’ancienne mine Troilus-production.
La subvention de l’INRS sur la propriete Decouverte a ete utilise pour se concentrer sur la definition des electromagnetique (EM) des anomalies de l’enquete Dighem aeroportee de Durango, qui peut etre indicatif de mineralisation de sulfures massifs. Le programme d’exploration sur le terrain menee en Novembre 2015 inscrits, les etudes gravimetriques et magnetometriques audiomagnetotellurics long kilometre de long qui a recoupe sections differentes structures geologiques d’interet pour l’exploration miniere.
Une section a examine, traverse une haute magnetique et un conducteur forte heberge dans une unite basaltique qui est sans doute l’hote d’une formation de fer ou la mineralisation volcanogene eventuellement. L’interpretation preliminaire des donnees montre geolectric audiomagnetotellurics distincte offre jusqu’a 2000 m (profondeur).
Echantillonnage de roches a ete realisee pour permettre l’etude de laboratoire petrophysique sur les rochers Decouverte. Toutes les donnees geophysiques, petrophysiques et geologiques seront examinees au cours des prochains mois et seront utilises pour developper un modele de la geologie profonde de la propriete. Des informations supplementaires seront rendues publiques des qu’elles seront disponibles.
Marcy Kiesman, chef de la direction, les etats, “La propriete decouverte reste un projet convaincant pour Durango en raison de son environnement volcano-sedimentaire et la geologie structurale qui augmente le potentiel pour une medaille d’or significative et / ou gisement de SMV. Il est a noter qu’il ya trois importante massif occurrences de sulfures a l’ouest (Fallara, Rapides Assinica et Lucky Strike) et a l’Est il ya des gisements de SMV avec des ressources prouvees (Tortigny, Lessard, de Maures, Moleon). Voisins Osisko a l’ouest de decouverte et explore egalement conscient que VMS depots se produisent souvent en grappes qui signifie que la decouverte de l’un peut a indique qu’il y en a d’autres a proximite.”
L’information technique contenue dans ce communique de nouvelles a ete examine et approuve par Marc Richer-Lafleche, geologue QC, une personne qualifiee tel que defini dans la Norme canadienne 43-101.
A propos Decouverte
La propriete est decouverte dans la ceinture de roches vertes de Frotet-Evans environ 60 kilometres au sud-ouest de l’ancienne mine Troilus de cuivre-or, qui a produit plus de deux millions onces d’or et 50.000 tonnes Cu de 1997 a 2010. La propriete couvre environ 5900 hectares couvrant un pli synclinal nez d’unites archeennes sectionnes par une zone de cisaillement majeure direction nord-est. Durango a effectue une heliporte Dighem EM / magnetique du leve geophysique aeroporte sur la propriete en 2011 (NR 24 novembre 2011) et de la geochimie des sols et de prospection en 2013 et 2014 domaines ciblant identifie dans le leve aeroporte. Le contexte geologique est principalement volcanites mafiques (basaltes / andesites), dans des endroits fortement cisaillees, coupees par des unites pegmatitiques granitiques et sedimentaires significative, l’oxyde et le sulfure de fer au facies des unites de formation. Alteration y compris la silice, sericite et de carbonate de fer est note. Les valeurs du sol importantes comprises 174 ppb d’or, 0,66 ppm d’argent, 150 ppm de nickel, de 200 ppm de cuivre et 240 ppm de baryum. Chip echantillons / canal de rock ont donne des valeurs de 7,6 g / t d’or et 6,24 g / t d’or heberge dans des veines de quartz etroites dans volcanites mafiques, dans la zone de contact avec le granite pegmatitiques. La propriete est situee a 100 kilometres au nord de Chibougamau, Quebec et les avantages d’une infrastructure favorable, y compris l’accessibilite routiere, etant de 10 kilometres de la route du Nord, et une ligne electrique qui traverse la propriete.
About Durango
Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and the NMX East lithium property near the Whabouchi mine in Quebec, as well as three sets of claims in the Labrador nickel corridor.
For further information on Durango, please refer to its SEDAR profile at www.sedar.com.
Marcy Kiesman, Chief Executive Officer
Telephone: 604.428.2900
Facsimile: 888.266.3983
Email: [email protected]
Website: www.durangoresourcesinc.com
Forward-Looking Statements
This document may contain or refer to forward-looking information based on current expectations, including, but not limited to timing of mineral resource estimates, future exploration or project development programs, execution of a definitive agreement, raising of funds, obtaining regulatory approvals and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to the Company’s prospectus filed on its SEDAR profile at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Uragold Completes Fieldwork Phase Of Program To Validate Historical Estimate Of Roncevaux High Purity Quartz Vein Deposits
Posted by
at 9:49 AM on Tuesday, November 24th, 2015
- Announced that the INRS (Eau Terre Environnement) team has completed the fieldwork phase of its ongoing exploration program on the Roncevaux High Purity Quartz vein property located in the Matapedia Valley in the Gaspe region of Quebec
- Uragold is the largest holder of High Purity Quartz properties in Quebec, with over 3,500 Ha under claims.
Montreal, Quebec / November 24 2015 – Uragold (TSX Venture: UBR) is pleased to announce that the INRS (Eau Terre Environnement) team has completed the fieldwork phase of its ongoing exploration program on the Roncevaux High Purity Quartz vein property located in the Matapedia Valley in the Gaspe region of Quebec. Uragold is the largest holder of High Purity Quartz properties in Quebec, with over 3,500 Ha under claims.
INDUSTRY COVETS RONCEVAUX HIGH PURITY QUARTZ
The material’s unique characteristics make it highly coveted within the industry, as confirmed by the following:
March 2, 2015 – A major Silicon Metal Producer (1st Producer) expressed interest in purchasing 20,000 – 50,000 tons of High Purity Lump Quartz from Roncevaux. The 1st Producer confirmed material from Roncevaux successfully passed rigorous internal testing protocols, deeming our material highly suited for their Silicon Metal production plant.
August 27, 2015 – A second major Silicon Metal Producer, for the purpose of securing material for their plant, requested High Purity Quartz samples from Roncevaux for evaluation.
TRANSFORMING RONCEVAUX QUARTZ INTO HIGH VALUE END PRODUCT
In addition to the above, Uragold is also evaluating the possibility of becoming a fully integrated vertical producer of High Purity Solar Grade Silicon Metal / Value End Products:
September 30, 2015 – Uragold announced a partnership with Pyrogenesis Canada, in which PyroGenesis granted Uragold a worldwide exclusive right to the usage of the PUREVAP (TM) Quartz Vaporization Reactor technology. The purpose of the partnership is to transform our High Purity Quartz into High Purity Solar Grade Silicon Metal / Value End Products such as:
- -Solar Grade Silicon Metal (“UMG Si”) 6N to 8N purity Si which presently sells for $USD 12.51 per Kg ($USD 12,510 per Metric ton)1;-Polysilicon or 9N Si which presently sells for $USD 14.10 per Kg ($USD 14,100 per Metric ton)2
Successful testing of this process and transformation of our High Purity Quartz into High Purity Solar Grade Silicon Metal, is expected to be completed in Q1 2016, and will put Uragold in a position to turn its Quartz Projects into the Highest Purity, Lowest Cost Supplier to the Solar Industry.
Bernard Tourillon, Chairman and CEO of Uragold stated: “The science behind the PUREVAP (TM) Quartz Vaporization Reactor is strong: A Plasma arc based process can transform High Purity Quartz into Metallurgical Grade Silicon Metal (“Mg Si”). The Plasma arc based process can then be used to purify Mg Si into higher value materials such as Solar Grade Silicon Metal. Furthermore, refining Mg Si using an electron-beam furnace in a high vacuum processing environment has proven the concept of the elimination of elements whose vapor pressures are higher than that of silicon. What is unique and ground breaking about the PyroGenesis approach is the combination of these three proven processes into one step”
FIELDWORK COMPLETED BY INRS DURING THE FIRST EXPLORATION PHASE
- -Twelve (12) lines of forest were cut and cleared for geological mapping and for geophysics work that included:
- -High-resolution magnetometric survey (total field and gradient) (GSM-19)-Frequency-domain electromagnetic survey (Iris Promis-10)-Four electrical resistivity tomographic sections (ABEM Terrameter LS)
-New trenches were excavated and old trenches were cleaned to allow channel sampling of the quartz vein and the collection of 200 Kg samples for:
- -High precision geochemical evaluation to be done by the INRS; and-2nd Producer evaluation and Dorfner Anzaplan test regarding the development of property specific beneficiation processes for the production of ultra high purity quartz sands (99.99+% SiO2) (April 13, 2015 press release).
Results of the geophysics and geochemical work will allow the planning of a drilling program to confirm SiO2 purity at depth and to validate the historical estimates of 414,700 tons of High Purity Quartz contained in the V1 vein structure (grading @ 99.20% of SiO2) (GM60610: Barrette, Jean-Paul. 2003. Rapport des travaux d’exploration miniere sur la veine de quartz pur. Projet Silice Roncevaux, Canton Roncevaux, Gaspesie)
Patrick Levasseur, President and COO of Uragold stated, “This work is advancing our understanding of the Roncevaux quartz deposit. When combining our technology partnership with PyroGenesis Inc. and our properties portfolio, Uragold is well positioned to become a Green Tech industry leader in the quartz value added business.”
All information such as resource estimates and grades herein presented is historical in nature and while relevant, the information was obtained before the implementation of National Instrument 43-101 and as such does not meet National Instrument 43-101 reporting standards. The historical estimate should not be relied upon until the Company can confirm them.
The work was complete by a team supervised by Dr. Marc Richer-LaFleche, Ph.D. (Geo) the Institut National de la Recherche Scientifique (INRS, Eau Terre Environnement). Mr. Vivian Stuart-Williams, SACNASPS, working under Special Authorization #308 of the Quebec Order of Geologist, is an Independent Qualified Person as defined by National Instrument 43-101 that supervised the preparation of the information in this news release.
About Uragold
Uragold, with its worldwide exclusive usage of the PUREVAP (TM) quartz vaporization reactor, is endeavouring to become a vertically integrated Silicon Metal, Solar Grade Silicon Metal and Polysilicon producer.
The PUREVAP (TM) quartz vaporization reactor process’s big advantage is its one step direct transformation of Quartz into Solar Grade Silicon and/or Polysilicon, thereby potentially allowing Uragold to manufacture high value material (Solar Grade Silicon and Polysilicon) for the same operating cost presently being paid by traditional producers to make Metallurgical Grade Silicon using the traditional arc furnace approach.
Uragold is also the largest holder of High Purity Quartz properties in Quebec, with over 3,500 Ha under claims. Despite the abundance of quartz, very few deposits are suitable for high purity applications. High Purity Quartz supplies are tightening, prices are rising, and exponential growth is forecast. Quartz from the Roncevaux property successfully passed rigorous testing protocols of a major silicon metal producer confirming that our material is highly suited for their silicon metal production.
This press release contains certain forward-looking statements, including, without limitation, statements containing the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “in the process” and other similar expressions which constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements reflect the Company’s current expectation and assumptions, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company’s on-going filings with the securities regulatory authorities, which filings can be found at www.sedar.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information contact
Bernard J. Tourillon, Chairman and CEO Tel (514) 907-1011
Patrick Levasseur, President and COO Tel: (514) 262-9239
www.uragold.com
CEO/Chief Geologist James A. Briscoe discusses Phase 1 Drilling Plans at the Hay Mountain Project
Posted by
at 10:09 AM on Tuesday, October 27th, 2015
- Company reached another important milestone in its efforts to begin drilling at Hay Mountain. Company has submitted an Exploration Plan of Operation for diamond core drilling to the Arizona State Land Department (ASLD) for specific sites on State lands.
- In addition to two primary holes, eight others will be drilled if success is achieved in drill holes 1 and/or 2.
INTERVIEW: Liberty Star Discusses Recent Work at the Hay Mountain Project
Posted by
at 9:55 AM on Friday, October 23rd, 2015
- Arizona-based mineral exploration company engaged in the acquisition, exploration, and development of mineral properties in Arizona and the southwest USA.
- Company controls properties which are located over what management considers some of North America’s richest mineralized regions for copper, gold, silver, molybdenum (moly), and uranium.
INTERVIEW: Durango Resources Preparing for BC’s LNG Construction BOOM
Posted by
at 2:58 PM on Thursday, October 15th, 2015
The company recently acquired two limestone properties in north western British Columbia which have been strategically chosen in an effort to coincide with the LNG projects near Kitimat and Prince Rupert.
- Both the Mayner’s Fortune property and the Smith Island property have historical occurrences of limestone which will fast track the exploration to production timeline since they are near term producing properties.
- Mayner’s Fortune property is located 50km away via CN Rail line from the Kitimat Shell Consortium LNG proposed site and hosts a series of 6 north east striking limestone beds which have been reported to be grades as high as 96%.
Hay Mountain Project: Drill Holes Selected for Drilling on Two Outcrops Showing High Grade Copper
Posted by
at 2:56 PM on Wednesday, October 14th, 2015
- Encouraging results will dictate another nine drill holes, resulting in a line of 11 bisecting the main porphyry anomaly in an east–west direction
- Recent detailed mapping found pervasively brecciated limestone, which led to the conclusion that the area called the Chrysocolla Block (where the first discovery of oxide copper in outcrop was made) was misidentified as the Colina limestone
Liberty Star Uranium & Metals Corp. (“Liberty Star†or the “Companyâ€) (OTCQB: LBSR) is pleased to announce that very high grade copper oxide outcrops near the geochemical high derived from vegetation sampling have been discovered. These show up to 22% copper.
Recent detailed mapping found pervasively brecciated limestone, which led to the conclusion that the area called the Chrysocolla Block (where the first discovery of oxide copper in outcrop was made) was misidentified as the Colina limestone. Further evaluation led to the conclusion that the zone was of the lower Earp formation, which is the layer directly below the Colina. A red clay marker bed at the base of the exposed Earp limestone breccia clearly identifies it, but had been inexplicably missed by previous geologists. Current understanding indicates that the latest targets may bloom into major mineral zones 200 to 400 feet in depth at their intersection with the Horquilla limestone, the major mineral host in the region.
After ID of the lower part of the Earp, the Company’s skarn consultant (recently working on another Arizona project in the same sedimentary rocks, containing high grade copper) felt that there was a strong possibility that the two high grade copper oxide outcrops could be positioned right above high grade copper mineralization. This opinion correlates with Liberty Star’s geophysical–geochemical cross sections: see graphics.
Company CEO/Chief Geologist James A. Briscoe notes: “This is the specific target we have been searching for before kicking off a drill program. This development of discovery by use of the Niton and lots of boots on the ground carefully observing rocks gave us this completely unexpected outcrop; we have made the breakthrough we needed. This find is exciting and meaningful because it is the largest exposure so far located at Hay Mountain, and is similar to outcrops in the Bisbee mining district 15 miles south.â€
Briscoe continues: “This outcropping oxidized mineral occurrence, taken with our recent work, confirms increasing mineral intensity over the previous geochemical and geophysical anomalies, and is confirmation of the type of mineralization we wanted to find. We have much technical work, including drilling, to complete prior to declaring an ore body present at Hay Mountain, but until now we were working with indirect geochemical, geophysical and geologic interpretation; this is direct evidence.â€
Drilling Planned-Permitting Underway
Two drill holes 600’ apart have been spotted over the two sites of the gossan outcrops. Work on nine other targets across the heart of the geochemical-geophysical anomaly is underway. The flexible drill plan calls for vertical diamond core holes to as deep as 2,000 feet. If horizontal bedded ore grade copper or other metals are intercepted, 45 degree angle holes will be drilled to determine width, thickness and shape of the mineralization. Contorted, broken and brecciated beds are nearby and along the line of holes, which is characteristic of the porphyry copper geologic environment. “This is a good environment for defining out an important ore body,†comments Briscoe.
Plans call for holes up to 2,000 feet deep but could be shallower. Each hole would take about 20 days to drill and cost about $200,000 if drilled to total depth: estimated start time of about January 2016.
“James A. Briscoe†James A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty Star Uranium & Metals Corp.
View Presentation on Libertystaruranium.com
Forward-Looking Statements
Statements in this news release that are not historical are forward-looking statements. Forward-looking statements include: findings led to the conclusion that the Chrysocolla Block was misidentified and the conclusion that the zone was of the lower Earp formation that the discovery constitutes the specific target we have been searching for before kicking off a drill program. Factors which may delay or prevent these forward-looking statements from being realized include: our inability to raise sufficient funds to complete our intended exploration or carry on operations; an inability to continue exploration due to weather, logistical problems or hazards even if funds are available. Readers should refer to the risk disclosures in the Company’s recent 10-K and the Company’s other periodic reports filed from time to time with the SEC.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151014006432/en/
Liberty Star Uranium & Metals Corp.
Tracy Myers, 520-425-1433
Investor Relations
[email protected]
or
Jim Briscoe, 520-907-9492
CEO/President/Chief Geologist
[email protected]
Garibaldi advances La Patilla, crews mobilize for Grizzly Program
Posted by
at 8:40 AM on Friday, August 14th, 2015
- Seven RC holes have been completed at the Company’s 100%-owned La Patilla Gold Property
- Assays are pending, and results will guide the next phase of exploration at this property where a shallow high-grade zone was discovered last year
- Five of the seven holes targeted the La Patilla vein system, to test for continuity of high-grade mineralization along strike and down dip in the vein area as cut in several holes in 2014, while two holes were successfully completed at the adjacent Murcielago breccia.
VANCOUVER, Aug. 14, 2015 /CNW/ – Garibaldi Resources Corp. (TSX.V: GGI) (the “Company” or “Garibaldi”) is pleased to report that seven RC holes have been completed by Layne Drilling at the Company’s 100%-owned La Patilla Gold Property in Sinaloa State, Mexico. Assays are pending, and results will guide the next phase of exploration at this property where a shallow high-grade zone was discovered last year (10.4 g/t Au over 8.5 meters in LP-14).
Five of the seven holes targeted the La Patilla vein system, to test for continuity of high-grade mineralization along strike and down dip in the vein area as cut in several holes in 2014, while two holes were successfully completed at the adjacent Murcielago breccia.
Meanwhile, in advance of delivering stockpiled material from the vein system to the nearby Gainey Capital Corp. mill, Garibaldi has received highly encouraging metallurgical results with a recovery rate of 95% for a flotation test carried out by the Servicio Geologico Mexico (Mexican Geological Survey) in Chihuahua City.
The analyzed head grade for the sample (7.9 kg) was 17.7 g/t Au. The sample was taken from surface exposures in the La Patilla vein system where previous drilling reported high-grade gold values. Garibaldi cautions that the head grade is not necessarily representative of mineralization at La Patilla in general or, specifically, within the zones, structures or geological features that were sampled for the metallurgical testing.
Steve Regoci, Garibaldi President and CEO, commented: “The high gold recovery rate from the metallurgical work helps confirm that the mineralized material from the La Patilla veins is very amenable to the flotation system used at Gainey’s processing center. We’re continuing preparation work to advance this important part of the project at La Patilla.
“We are active on several fronts and we look forward to providing shareholders with additional updates on developments at our key projects in Mexico and British Columbia over the next few weeks.”
British Columbia Update – Grizzly Project
Crews are mobilizing for a fresh round of surface exploration, commencing in the next few days, that will determine final drill targets at the 270 sq. km Grizzly Project in northwest B.C.’s prolific Sheslay district.
Crews will be focusing on the highly promising Grizzly Central area as well as the newly-acquired Golden Bear claims, featuring an historical high-grade gold showing, adjoining the Grizzly to the south.
“Indeed this will be a busy and exciting summer at the Grizzly as productive discussions with all stakeholders concerning this emerging world class district are giving us great encouragement,” stated Regoci.
Qualified Person
Dr. Craig Gibson, Certified Professional Geologist and a director of Garibaldi, is a non-arms-length Qualified Person for the Company’s Mexico projects and the direct manager of the technical programs operated under contract by Prospeccion Y Desarrollo Minero del Norte (ProDeMin). Dr. Gibson has reviewed this news release and approved the contents thereof.
About Garibaldi
Garibaldi Resources Corp. is an active Canadian-based junior exploration company focused on creating shareholder value through discoveries and strategic development of its assets in some of the most prolific mining regions in Mexico and British Columbia.
We seek safe harbor.
Per: “Steve Regoci”
Steve Regoci, President
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or the accuracy of this release.
SOURCE Garibaldi Resources Corp.
GARIBALDI RESOURCES CORP., 1150 – 409 Granville Street, Vancouver, BC V6C 1T2, Telephone: (604) 488-8851(604) 488-8851
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(604) 488-8851, Website: GaribaldiResources.comCopyright CNW Group 2015