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GGX Gold Completes 1484 Meters on the COD Vein and Extends the Vein – 30 Meters to the South – Greenwood BC $GGX.ca

Posted by AGORACOM at 9:18 AM on Tuesday, April 24th, 2018

  • 2018 drill program has completed 24 drill holes totaling 1,484 meters or 4,883 feet on the COD vein
  • DDCOD18-24 intersected the COD vein 42m below surface, the drill hole successfully extends the COD vein occurrence 30 m along strike.

 

Vancouver, British Columbia (FSCwire)GGX Gold Corp. (TSXV: GGX), (OTC Pinks: GGXXF), is pleased to announce the completion of 24 diamond drill holes targeting the COD vein in the Gold Drop Southwest Zone. To date the 2018 diamond drill program has completed 24 drill holes totaling 1,484 meters or 4,883 feet on the COD vein. Updates on the Diamond Drilling at the Everest Vein will be provided shortly.

 

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To view the graphic in its original size, please click here

 

Currently the COD vein drill is located at a pad 30 meters south of the southernmost extent of the 2017 trench. The drill hole DDCOD18-24 intersected the COD vein 42m below surface. The drill hole successfully extends the COD vein occurrence 30 m along strike. Listed below are the highlights from the latest series of COD diamond drill holes (holes 10 to 24). All reported widths are core length.

 

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DDCOD18-24 – intersected a 2.17 m mineralized zone including a 1.6 m wide quartz vein intercept

DDCOD18-21 – intersected a 7.32 m mineralized zone including 3.52 m of quartz veining

DDCOD18-20 – intersected a 2.66 m mineralized zone including a 1.56 m quartz vein intercept

DDCOD18-19 – Intersected a 1.40 m quartz vein intercept and a second 0.46 vein intercept

DDCOD18-18 – intersected a 1.54 m mineralized zone including 1.14m quartz vein intercept

DDCOD18-14 – intersected a 2.94 m mineralized zone including a 1.5m quartz vein intercept

 

To view the graphic in its original size, please click here

 

The core is currently being split and securely packaged for shipment to ALS laboratories in Vancouver, BC. There the core will be analyzed for gold by Fire Assay and for 48 multi element Four Acid and ICP-MS. Quality control (QC) samples are being inserted at regular intervals.

 

David Martin, P.Geo., a Qualified Person as defined by NI 43-101 and consultant for GGX, is responsible for the technical information contained in this News Release.

 

To view the graphic in its original size, please click here

To view the Original News release with pictures please go to the website or contact the company.

The company, as previously announced on April 6, 2018, wishes to remind all subscribers and finders from its private placement that took place during April, 2017, that the company has accelerated the term of these warrants to further finance its continuing drill program. The term of the 10-cent warrants associated with this placement may be accelerated in the event that the issuer’s shares trade at or above a price of 15 cents per share for a period of 10 consecutive days. In June of 2017, after the final closing announced on May 3, 2017, the shares of the company traded in this range. The warrants being accelerated at 10 cents are attached to the 7.5-cent private placement that took place in April, 2017. Warrantholders now have until May 7, 2018 to exercise their warrants, or they will be terminated.

On Behalf of the Board of Directors,

Barry Brown, Director

604-488-3900

[email protected]

 

Investor Relations:                Mr. Jack Singh, 604-720-6598   [email protected]

 

“ We don’t have to do this, we get to do this ” 

The Crew  

 

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$NSM.ca Northern Sphere Mining Corp. to Follow up on Cobalt Values up to 0.23% Sampled from Various Showings on Its Sudbury District Scadding Property

Posted by AGORACOM at 6:00 PM on Thursday, April 19th, 2018

 

 

  • Cobalt identified in 0.20 and 0.23% 2 KM apart from each other
  •  Scadding hosts abundant Nippissing diabase intrusives with a NW-SE orientation
  • Mineral resources found on the property are clustered and parallel to the Nippissing dykes
  • At the Scadding Property, favourable geological context also occurs in contact zones between the Nippissing intrusives and a competent host rocks

Northern Sphere Mining Corp. (CSE: NSM) (OTCQB: NSMCF) (“Northern Sphere” or the “Company”) will be investigating known Cobalt anomalies on its Scadding Property located in Sudbury’s Nickel District. Outcrop sampling at two separate mineral showings, approximately 2 km apart, returned values of 0.23% Cobalt (Red Rock Occurrence) and 0.20% Cobalt (McLean Secret Showing). Geophysical signatures identified by Northern Spherein 2017 correlate well with the location of these outcrops. The 3D magnetic re-inversion (which re-interprets and models three dimensional geophysical data) identified several optimal targets on our 40,000-acre property.

In addition to the significant Cobalt values recovered from outcrop sampling, Northern Sphere also analysed for Cobalt as part of a multi-element package on its last hole during the 2017 drill campaign. Hole NSM-17-06 returned values of up to 189 ppm Cobalt and 678 ppm Nickel from drill core exhibiting strong chloritized segments. Northern Sphere intends to analyse a percentage of similar material from its core storage facility for both Cobalt and Nickel. Currently, Northern Sphere is prioritizing optimized drill targets for its 2018 drill campaign.

Scadding Property — Sudbury District, Ontario

The Scadding Property is nestled at the junction between the Abitibi-Wawa greenstone belt (which encompasses the Sudbury Igneous Complex), the Grenville Front, and the Huronian Supergroup (see Figure 1). The Scadding Property is located at a large scale structural junction. World class base metal deposits are located to the West (Sudbury Nickel District) and precious metal deposits are located to the East (River Valley Pt-Pd, Cobalt Silver).

Figure 1: Favorable Geology Hosting Major Fault Zone Intersections

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The Scadding Property plays host to abundant Nippissing diabase intrusives which utilized pre-existing structure during emplacement. The intrusives demonstrate a preferred NW-SE orientation. Mineral resources found on the property are clustered within these corridors and parallel to the Nippissing dykes. Within the Cobalt, Ontario Camp, Silver and Cobalt mineralization are generally found in proximity to the Nippissing Diabase. At the Scadding Property, favourable geological context also occurs in contact zones between the Nippissing intrusives and a competent host rocks (i.e. quartzite of the Serpent Formation).

Northern Sphere will continue to advance and acquire district scale properties for successful future mineral exploitation.

Quality Control

Northern Sphere’s quality control and assurance program includes the use of an independent certified lab, AGAT Laboratories (“AGAT”) of Mississauga, Ontario. All AGAT geochemical hub laboratories are accredited to ISO/IEC 17025:2005 for specific analytical procedures. The AGAT quality program includes quality control steps through sample preparation and analysis, inter-laboratory test programs, and regular internal audits. It is an integral part of day-to-day activities, involves all levels of AGAT staff and is monitored at top management levels.

Qualified Persons

Steve Gray, P.Geo., Vice President of Northern Sphere has reviewed the scientific and technical information in this press release and is Northern Sphere’s “Qualified Person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

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 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:

John Carter
Chief Executive Officer
Northern Sphere Mining Corp.
Tel: 905-302-3843

 

 

 

Northern Sphere: A True Discount to Market #FCE.tsx

Posted by AGORACOM at 12:23 PM on Monday, April 16th, 2018

      Northern Sphere: A True Discount to Market

 

Northern Sphere’s tight share structure of 28.7 million shares at .05c gives it a paltry $1.5 million market cap when compared to the value that lays on the ground at both its properties. NSM’s outstanding exploration properties are on the verge of demonstrating their true value to the market through ongoing exploration efforts at Buckeye and Scadding respectively. The company benefits from a solid share base of industry professionals with proven investment success who share the belief NSM has district scale discovery potential.  The company trades on the CSE under NSM.

 

Black Diamond, Arizona:

  • Black Diamond has multiple targets with high grade silver, copper, zinc, manganese, gold.
  • Black Diamond historic production from two shafts (one 700 foot and one 250 foot deep), as well as many adits.
  • Assays as high as 1000 ounce per ton silver have been recorded and over 800 assays to date
  • Black Diamond has a significant copper anomaly with copper values as high as 7% and a high probability of a porphyry style deposit.
  • Black Diamond has never been drilled.
  • Soil geochem values as high as 10 ounce silver, over 1/2 % copper, zinc, manganese, and gold; in some cases mineable grades in the soils.
  • Manganese is classified as a strategic mineral
  • Black Diamond staking increased property by over 2000 acres due to increase in potential size of the anomaly. This brings the total to over 5800 acres.
  • Black Diamond is 16 miles from Globe Arizona home of Freeport McMorans Miami copper porphyry operation. Also 20 miles away from other copper porphyry deposits one of which produces 252,000 m lbs. copper and over 600,000 ounces silver and 30 miles from the Old Dominion Mine which had an average grade of 6 % copper and 3 grams gold .
  • Black Diamond has commenced preparation for small scale production on its leased Buckeye Property. This will generate revenue and thus reduce dilution. This has a planned production rate of 1000 ounces silver per day from an existing adit (10 ounce per ton head grade).
  • Site prep includes rehabbing of adit, evaporation pond, stockpile area for over 20,000 tonnes. Permits include explosive, full assay facility with high grade concentration.
  • Mobile equipment including 2.5 cu yard mucker, two boom jumbo, skid steer, generator, and haul trailer.
  • Black Diamond has a fully certified trained experienced mining team with multiple generations experience
  • Management is aware that a major mining company is staking up to Black Diamond property boundary.

 

 

 

 

Scadding Property, Sudbury:

  • Substantial land package of over 40,000 acres with 7 leased claim groups
  • Multiple targets with gold, platinum, palladium, cobalt, nickel, chromium, vanadium.
  • 2017 drill results that are great. Grades over mineable widths near surface of 12.9g/t over 19.29m and 13.3g/t over 10.5m.
  • Scadding past production grade of 7.2g/t produced 30,000 ounces from 130,000 tonnes.
  • 50 km from Sudbury,  year round road, and even power to site demonstrating  the necessary infrastructure for future development
  • Full First Nations support with MOU and Environmental Engineering by First Nations engineering firm.
  • NSM management has a go forward plan based on leading edge technology and significant historical data

 

Scadding Underground Model & Workings

 

 

Northern Sphere Mining Corp has its’ sights on being the best of the high-quality juniors in the mining industry.

John Carter, Chief Executive Office

Northern Sphere Mining

905 302 3843

$GLI.ca Glacier Lake Completes Phase 1 Drill Program at Silver Vista $IVN.ca

Posted by AGORACOM at 10:10 AM on Monday, March 26th, 2018

  • Initial drill program focused on the “MR” area, a clastic sediment-hosted, fine-grained, disseminated copper-silver zone
  • Seven (7) holes, totaling 1,273 metres were completed
  • 2 deeper holes (average depth 282.4 meters) drilled southeast to northwest
  • 5 shallower holes with an average depth (142.0 meters) drilled northwest to southeast

 

VANCOUVER, British Columbia, March 26, 2018 (GLOBE NEWSWIRE) — Glacier Lake Resources Inc. (TSX-V:GLI) (“Glacier” or the “Company”) has completed the Phase 1 diamond drill program on its Silver Vista property near Smithers, British Columbia. This initial drill program was focused on the main “MR” showing, a clastic sediment-hosted, fine-grained, disseminated copper-silver zone. The core for Hole SV18-01 has been sent to the ALS Minerals laboratory in North Vancouver, B.C. with results to be released once received and reviewed.

Seven (7) holes, totaling 1,273 metres were completed. Glacier’s program represents the first drilling on the Silver Vista property since the 1991-1992 Equity Silver Mines Ltd. (a division of Placer Dome Inc., now Barrick Gold Corp.) program of 14 holes, totaling 1,252.5 metres.  The 2018 program comprised two deeper holes (average depth 282.4 meters) drilled southeast to northwest and five shallower holes (average depth (142.0 meters) drilled northwest to southeast, testing mineralization in the historic Equity drill holes, and/or soil and rock Ag and Cu surface geochemistry from the 2011 to 2013 Amarc Resources Ltd., surface programs.

The drilling indicates a moderate, north to northwest dip to the sedimentary units. Visible mineralization is not obvious, so Glacier employed a portable XRF unit to aid in identification of mineralized zones to assist in drilling of subsequent holes. Elevated levels of silver, copper and zinc were noted in multiple horizons within the drill holes.  Glacier Lake cautions investors the XRF readings were used only to direct subsequent drilling and only analyses from the North Vancouver ALS Minerals laboratory will be reported and relied on by the Company.

Upon receipt and review of the assay data from the 2018 drill program, Company geologists will plan and budget a surface program to start after spring break-up. While the main “MR” road-cut showing is the most advanced target, Amarc 2011 to 2013 soil geochemistry outlined an area of anomalous Ag and Cu approximately 1.5 kilometres by 2.0 kilometres around the MR prospect area. This area had multiple Ag and Cu soil geochemical anomalies also defined.

Further details can be found in the 43-101 report on the property located under the Company’s SEDAR profile.

Quality assurance/quality control

The entire length of core for each of the 7 drill holes are currently being sawn and sampled at continuous 1.0 metre intervals, with occasional shorter or longer intervals based on apparent wall rock and mineralization contact. Supervision, organization and splitting of drilling core samples are undertaken by personnel from geological consultant Mammoth Geological Ltd. Half of the core will be securely shipped to the laboratory for analysis and the other half retained in a secure storage location. Certified reference standards and blanks will be placed in the sample stream of each drill hole alternating at every 25th interval. Samples were packed into rice bags, zap-strapped and securely stored until they were turned over to the local trucking company for transport to the ALS Minerals Laboratory in North Vancouver, B.C.

All core samples will be analyzed utilizing ALS’s MEICP-61 procedure, a four-acid digestion of a one-gram sample with an ICP finish. Samples with over limit copper or silver values will receive an ME-OG62 analysis, a four-acid digestion of a 0.5-gram sample with ICP-AES finish.

A routine quality assurance/quality control (QA/QC) procedure is adopted to monitor the analytical quality at the lab. Certified reference materials (CRMs), pulp duplicates and blanks are inserted into each lab batch of samples. QA/QC data at the lab are attached to the assay certificates for each batch of samples.

Further details can be found in the recently completed 43-101 report on the property located under the Company’s SEDAR profile.

The Company also wishes to clarify the finders’ fees which were paid in connection with completion of its private placement of units announced on March 19, 2018.  In connection with closing of the placement, the Company paid cash commissions of $31,807.20, issued 258,920 common share purchase warrants (each, a “Warrant”), and 259,200 finders’ options (each, a “Finders’ Option”).  Each “Warrant” entitles the holder to acquire a common share of the Company at a price of $0.10 for a period of twenty-four months, subject to accelerated expiry in the event the closing price of the Company’s common shares on the TSX Venture Exchange is $0.25 or higher for ten consecutive trading days.  Each “Finders’ Option” entitles the holder to acquire a unit of the Company consisting of one common share and one Warrant, at a price of $0.06 for a period of twenty-four months.

All Warrants and Finders’ Options issued in connection with the placement are subject to a four-month-and-one-day statutory hold period.

Subject to approval from the TSX Venture Exchange, the Company will grant 500,000 incentive stock options to certain directors, officers and consultants of the Company. The options vest immediately and are exercisable at a price of $0.09 per share for a period of 5 years. The options are granted pursuant to the Company’s Stock Option Plan and will be subject to applicable regulatory hold periods.

The technical content of this news release has been reviewed and approved by R. Tim Henneberry, P.Geo., a member of the Glacier Lake Advisory Board and a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

For additional information please feel free to contact:

Saf Dhillon
President/CEO
Glacier Lake Resources Inc.
Tel: 866-687-7059
Dir: 604-688-2922
[email protected]

$GR.ca Great Atlantic Completed Final Payment on Its 100% owned Keymet Precious – Base Metal Property, Bathurst, New Brunswick

Posted by AGORACOM at 8:00 AM on Tuesday, March 20th, 2018

  • Final option payment for its Keymet Precious – Base Metal Property, located near Bathurst, northeast New Brunswick
  • Seven vein occurrences with lead, zinc and +/- copper, silver and gold are reported in this region of the property
  • The Keymet Property is approximately 4 km north of the historic Nigadoo River Mine of which copper, lead, zinc and silver production from polymetallic veins occurred during the 1960s – 1970s.

Vancouver, British Columbia (FSCwire)GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to announce it has made the final option payment for its Keymet Precious – Base Metal Property, located near Bathurst, northeast New Brunswick. The property is reported to host numerous base metal – precious metal bearing veins including the historic Keymet Mine. The Company recently intersected mineralized veins northwest of the historic Keymet Mine including an intersection of 18.80% Zn, 3.55% Cu, 1.16 % Pb and 576 grams / tonne (g/t) Ag over 1.27 meters core length in a newly discovered vein and 3.54% Zn, 0.92% Cu and 115 g/t Ag over 12.05 meter core length plus 0.64 g/t Au over 19.96 meter core length in a newly discovered gold bearing zone (News Releases of December 20, 2017 and March 2, 2018). The Keymet Property is approximately 4 km north of the historic Nigadoo River Mine of which copper, lead, zinc and silver production from polymetallic veins occurred during the 1960s – 1970s.

To view the graphic in its original size, please click here

 

The Company’s focus since acquiring the Keymet Property has been the northwest region of the property. 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 (source: New Brunswick Dept. of Energy and Resource Development Mineral Occurrence Database). The Keymet Mine operated during the mid-1950s, producing copper, lead, zinc and silver.  Production at this mine was terminated due to a fire at the site.

Great Atlantic has explored two of these vein occurrences, the Elmtree 12 and Elmtree Silver Mine veins and adjacent areas, northwest of the historic Keymet Mine. A 20 meter deep shaft is reported at the Elmtree Silver Mine vein. A Qualified Person has located this shaft for Great Atlantic. Great Atlantic has intersected copper, lead, zinc and silver bearing veins at both the Elmtree 12 and Elmtree Silver Mine vein occurrences during 2015 and 2017 diamond drilling programs (9 total holes) with more significant results at the Elmtree 12 vein occurrence. Trenching at the Elmtree 12 vein occurrence also exposed such polymetallic veins. Gold mineralization was also locally intersected in host meta-sedimentary rocks in the general area of the Elmtree 12 vein occurrence. Highlights of this work included (as reported in News Releases of October 29, 2015, February 23, 2016, December 20, 2017 and March 2, 2018):

  • Ky-15-3 (Elmtree 12): 16.68% Zn, 1.11% Cu & 152 g/t Ag over 1.80 meter core length.
  • Ky-15-4 (Elmtree 12):  8.68% Zn, 0.29% Cu & 44.8 g/t Ag over 4.28 meter core length.
  • Ky-17-5 (Elmtree 12): 13.65% Zn, 1.20% Cu, 0.45% Pb & 166 g/t Ag over 0.80 meter core length.
  • Ky-17-6 (Elmtree 12): 3.54% Zn, 0.92% Cu, 0.28% Pb & 115.6 g/t Ag over 12.05 meter core length & 0.64 g/t Au over 19.96 meter core length (newly discovered gold bearing zone).
  • Ky-17-8: 18.80% Zn, 3.55% Cu, 1.16% Pb & 576 g/t Au over 1.27 meter core length (newly discovered polymetallic vein southwest of Elmtree 12 vein system).
  • 1.11 g/t Au over 4.9 meters in trench channel samples (vertically above drill hole Ky-17-8).

 

Polymetallic vein in Ky-15-4 (8.68% Zn, 0.29% Cu & 44.8 g/t Ag over 4.28 meter core length)

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Polymetallic Vein in Ky-17-6 (3.54% Zn, 0.92% Cu, 0.28% Pb & 115.6 g/t Ag over 12.05 meter core length)

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Polymetallic Vein material in Ky-17-8 (18.80% Zn, 3.55% Cu, 1.16% Pb & 576 g/t Ag over 1.27 meter core length (new discovery in 2017)

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To view the graphic in its original size, please click here

 

 

Copper, Zinc & Silver bearing vein in 2015 Trench (Elmtree 12 Vein System)

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A Qualified Person has verified this 2015 and 2017 exploration data for Great Atlantic. The Qualified Person managed the 2015 and 2017 exploration programs for Great Atlantic at the Keymet Property. True thickness of these intersections is unknown at this time.

Diamond drilling to date by the Company has been shallow with all but one hole less than 100 meter vertical depth and one hole to approximately 170 meter vertical depth. Planned 2018 diamond drilling will test both the Elmtree 12 vein system and newly discovered vein in Ky-17-8 along strike and at depth. -Drilling is also planned to test the continuation of the newly discovered gold zone intersected in hole Ky-17-6.

Arsenopyrite bearing metasediment boulder samples collected by Company prospectors in 2011 approximately 1.5 km northwest of the historic Keymet Mine were reported to return up to 51 g/t Au (News Release of March 2, 2012). A Qualified Person has not verified this sample data. This is the general area of the Elmtree 12 vein occurrence.

Additional gold occurrences are reported within the Keymet Property as per the New Brunswick Dept. of Energy and Resource Development Mineral Occurrence Database.  Two of these gold occurrences are reported in the east region of the Keymet Property.  Another gold occurrence, referred to as the Alcida East occurrence, is reported in the west region of the property. Historic samples from the Alcida East occurrence are reported up to 4.3 g/t Au. Two additional gold occurrences are reported near the west boundary of the property, possibly being west of the Keymet Property. A Qualified Person has not verified any of these gold occurrences. The Company’s focus to data has been the northwest area of the property, northwest of the historic Keymet Mine

Significant precious metal – base metals deposits are reported within 4 km of the Keymet Property. The Elmtree gold deposits are located within 3 km west-southwest of the Keymet Property. A historic mineral resource estimate for the Elmtree gold deposits was reported in 2011 with 294,000 ounces of gold in the indicated + inferred categories reported (0.5 g/t Au cutoff) (source: Murahwi, et al., effective date March 4, 2011 for Micon International Limited, CNRP Mining Inc. and Gorilla Resources Corp.).

The historic Nigadoo River Mine is located approximately 4 km south of the Keymet Property. Polymetallic massive sulfide veins were mined at the Nigadoo River Mine during the 1960s and 1970s with copper, lead, zinc and silver being produced. The N.B Dept. of Energy and Resource Development Mineral Occurrence Database reports shaft depth and production totals at this historic mine. Production during 1967 – 1971 is reported as 1.126 million tonnes at 2.2% Pb, 2.1% Zn, 0.24% Cu and 92.57 g/t Ag. Production during 1973 – 1977 (after a 2 year closure) is reported to be 0.733 million tonnes (only partial metal grades reported). The shaft is reported to at least 470 meter depth.

Readers are warned that mineralization at the Elmtree gold deposits and historic Nigadoo Brook Mine is not necessarily indicative of mineralization on the Keymet Property.

Access to the Keymet Property is excellent with paved roads transecting the property, including a provincial highway. The property covers an area of approximately 3,400 hectares.

 

Historic Keymet Mine (1950s)

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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

FEATURE: $NSM.ca Northern Sphere Soil Geochemical Success Leads to Staking Rush at Black Diamond by $BHP Billiton $FCX.ca

Posted by AGORACOM at 10:31 AM on Wednesday, February 7th, 2018

    • Black Diamond Property 15km Freeport McMoRan’s open pit porphyry operations, Arizona
    • Intensive Geochemical Survey recovered systematic soil samples on a 50-metre spaced grid
    • Significant anomalous Copper, Zinc and Silver values approach grades at which some deposits are mined
    • Elevated Copper in association with elevated Molybdenum levels, two metals found in association with porphyry copper environments.
    • Steve Gray, Vice President of Northern Sphere, states “Recent claim staking and increased exploration activities near our western claim boundaries by “heavy hitters” has added some urgency for Northern Sphere to continue to add claim ground.

Northern Sphere Mining Corp. (CSE: NSM)  Black Diamond Property 

 

Figure 1: Miami-Globe, Arizona — NSM’s Black Diamond Claims

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FEATURE: American Creek $AMK.ca encounters high grade #Gold #Silver at Treaty Creek north of, and in the same system as #Seabridge Gold $SEA $SA $SKE.ca $TUD.ca $PVG

Posted by AGORACOM-JC at 4:26 PM on Monday, January 29th, 2018

AMK: TSX-V, OTCBB: ACKRF

  • 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
  • Additional gold discovery of 5.1m of 9.57 g/t gold from 249.35m to 254.45m Read More

$GLI.ca Glacier Lake Acquires Silver Star Property $GTT.ca $JAX.ca

Posted by AGORACOM at 9:37 AM on Monday, December 4th, 2017

 

  • Signed a definitive agreement to acquire the Silver Star property, 72km S/E of Houston
  • Property represents a strategic acquisition in an emerging exploration area.

 

Glacier Lake Resources Inc. (TSXV:GLI) (“Glacier” or the “Company”) has signed a definitive agreement with an arm’s-length vendor to acquire the Silver Star property, located approximately 72 kilometers southeast of Houston B.C.

Historic exploration work in 2015 discovered a surface mineral showing where a grab sample of malachite and azurite stained siliceous andesite returned a value of 317 grams per tonne silver (g/t) Ag or 9.15 ounces silver per ton and 0.39% copper, with anomalous lead (0.80 % Pb) and zinc (0.08% Zn). The sample was not assayed for gold. Investors are cautioned grab samples are selective samples and are not necessarily representative of the mineralization hosted on the property. Investors should also note Glacier Lake has not verified the data. There is no record of prior or subsequent historic exploration on the Silver Star property.

“The Silver Star property represents a further strategic acquisition in an emerging exploration area of central British Columbia, energized by the exploration success of New Nadina on the Silver Queen property. Acquiring a project with significant silver values in prospective geology in an attractive structural setting with only limited exploration history serves as a focal point for further discoveries” stated Saf Dhillon, Glacier Lake’s president and chief executive officer. “With excellent road access, exploration activities can continue on the property year-round.”

The Silver Star property is underlain by Cretaceous Kasalka group andesitic volcanics and Middle Jurassic Bowser Lake group clastic sediments. A Geological Survey of Canada (GSC) 1992 structural study shows the Silver Star property is located within bounding NW-SE regional fault structures that extend south from the Equity Silver Mine, where historic production of 33.8 million tonnes grading 0.4 per cent copper, 64.9 grams per tonne silver and 0.46 gram per tonne gold was recorded between 1990 and 1994. Glacier Lake has not verified the historic Equity Silver Mine production and further cautions investors the mineralization at Equity Silver is not necessarily indicative of mineralization at Silver Star.

The 1992 GSC structural study indicates the Silver Star property straddles the junction of the western portion of the Cheslatta Caldera Complex, the northern portion of the Quanchus Caldera, and the south-eastern extension of the Buck Creek Caldera (host of the Equity Silver Mine). Glacier Lake feels the interpretation of multiple caldera features with associated silver values at the Silver Star property has similarities with the caldera hosted New Nadina Explorations Silver Queen vein system located 42 kilometres to the northwest.

The newly discovered mineral showing consists of mini-quartz stockworks, brecciation and quartz/ chalcedony alteration. Prospecting in 2015 focused on a highly siliceous gossanous andesite outcrop with azurite/malachite oxidation and possible tetrahedrite. Other samples in the general area reported moderate Fe stained chalcedonic veining with a smoky matrix. A second grab sample in the discovery outcrop area returned 42.7 g/t Ag, 310 parts per million (ppm) Cu. 563 ppm Pb, and 585 ppm Zn.

In consideration for the property, Glacier Lake will issue one million common shares. Completion of the acquisition is subject to the approval of the TSX Venture Exchange. All common shares issued will be subject to a four-month-and-one-day statutory hold period.

The technical content of this news release has been reviewed and approved by R. Tim Henneberry, P.Geo., a member of the Glacier Lake Advisory Board and a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

FOR ADDITIONAL INFORMATION PLEASE CONTACT:

Saf Dhillon
President & CEO
Glacier Lake Resources Inc.
Tel: 866-687-7059
Dir: 604-688-2922
[email protected]

Please visit our Website at: www.glacierlake.ca

Invested in Canadian Arrow Mines $CRO.ca ? Did you see the news? Company to be acquired by Tartisan Resources $TTC.ca

Posted by AGORACOM-JC at 11:08 AM on Tuesday, November 7th, 2017

Recently completed the acquisition of the Ichuña Copper-Silver property located in the Department of Moquegua in Southern Peru as well as Don Pancho Polymetallic Property in Huaral, Peru

READ RELEASE

  • Tartisan will acquire all of the issued and outstanding common shares of Canadian Arrow Mines Limited by way of a court-approved plan of arrangement
  • Tartisan would issue to Canadian Arrow Mines Limited shareholders one common share of Tartisan for every 17.5 common shares of Canadian Arrow, resulting in the issuance of approximately 8,000,000 common shares of Tartisan

Investment Highlights

  • 100% stake in the Don Pancho Zn-Pb-Ag project located in the Central Peru Polymetallic Belt with US$1.5M spent including 2,020m of diamond drilling and untested targets
  • 20% equity interest in Eloro Resources Ltd. which owns a 100% stake in the drill ready La Victoria Au-Ag project located in a gold belt that includes Pierina and Lagunas Norte
  • 100% stake in the Ichuña Cu-Ag Project located in a reemerging mining camp with exploration upside on an untested geophysical anomaly
  • Properties well located in an established mining country with high geological potential (only 1.34% of the country registers mining activity)

$GR.ca Great Atlantic Drills Keymet Base Metal Project, Newfoundland

Posted by AGORACOM at 9:00 AM on Wednesday, October 18th, 2017

  • Keymet is a past producing Pollymetallic property
  • Hole Ky-17-6 included 50M of arsenopyrite which has traditionally carried gold at Keymet
  • Pollymetallic mines are the most sought after Base Metal projects due to presence of multiple ore types

Vancouver, British Columbia (FSCwire)GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to announce it has completed a diamond drilling program at its Keymet Precious – Base Metal Property, located near Bathurst, northeast New Brunswick. The Keymet property hosts multiple gold, silver, zinc, lead and / or copper occurrences and the Keymet deposit, site of the historic Keymet Mine. The drilling program (5 holes totalling 679 meters) was conducted in the northwest region of the property, northwest of the historic Keymet Mine.

 

“We are very encourage at this year’s drill program and are enthusiastically awaiting all the results but particularly interested in the unexpected arsenopyrite within a 50 meter core length interval in hole Ky-17-6, traditionally arsenopyrite has carried Gold on this property.  As well we want to say a special thanks to Don and the guys at Orbit Garant Drilling, excellent job “Says: Christopher R Anderson CEO

 

To view the graphic in its original size, please click here

 

The program tested the continuation of zinc, copper and silver bearing veins and a gold mineralization intersected by Great Atlantic during 2015 diamond drilling and trenching programs. All five holes intersected veins hosting base metal sulfides while three holes also intersected arsenopyrite mineralization. Gold mineralization on the property is associated with arsenopyrite.  The Company is conducting systematic sampling of mineralized drill core from the recent program.

 

Gold bearing boulders (samples up to 51 grams / tonne (g/t) Au) and gold bearing bedrock in trenches and drill core have been discovered by Great Atlantic in the northwest region of the property. Great Atlantic drilled two holes in 2015 at one site in this region (Ky-15-3 and Ky-15-4), approximately 1.4 kilometers of the historic Keymet Mine, in an area referred to as the Elmtree 12 occurrence. Both 2015 holes intersected base metal and silver bearing veins (including 16.68% zinc, 1.11% copper and 152.0 g/t silver over 1.80 metre core length in Ky-15-3 and 8.68% zinc and 44.8 g/t silver Ag over 4.28 metre core length in Ky-15-4). Hole Ky-15-3 also intersected a gold bearing interval (3.28 g/t Au over 2.1 meter core length). The true width of these initial 2015 drill intersections is unknown at this time. The recent drilling tested the continuation of this base metal and precious metal mineralization.

 

To view the graphic in its original size, please click here

 

Each of the 2017 drill holes intersected veins with copper, lead and zinc sulfide mineralization. Arsenopyrite mineralization has been observed in three of these holes. Gold mineralization in boulders and bedrock in this area is associated with arsenopyrite.

 

Holes Ky-17-5, 6, 7 and 9 of the recent program were drilled in the same area as 2015 holes Ky-15-3 and 4. Each of these four holes intersected base metal bearing veins. Company management are interpreting the main veins to be within a steep dipping to vertical vein system to strike approximately north – south, with all Great Atlantic drill intersections to date being within an approximately 70 meter strike length and shallow (above 100 meter vertical depth).  Hole Ky-17-6 intersected local arsenopyrite within an approximate 50 meter core length interval appearing to be east to northeast of the main base metal bearing vein zone.  Holes Ky-17-5 and 7 also intersected local arsenopyrite.

 

To view the graphic in its original size, please click here

 

To view the graphic in its original size, please click here

Veins containing copper, zinc and lead sulfide mineralization in hole Ky-17-07

 

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Vein containing copper and zinc sulfide mineralization in hole Ky-17-05.

 

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Vein containing zinc and lead sulfide mineralization in hole Ky-17-8

 

Hole Ky-17-8, located approximately 80 meters southwest of holes Ky-17-5, 6 and 7, tested the down-dip extension of a gold bearing zone discovered by the Company in a 2015 trench (channel samples returning 1.1 g/t Au over 4.9 meters). The gold bearing zone in the trench is characterized by minor arsenopyrite in metasediments and increased quartz veining. A fault zone is also exposed in the trench hosting base metal and silver mineralization (2015 grab sample returned 8.99% lead, 1.76% zinc, 0.80% copper and 237 g/t silver). Arsenopyrite is not apparent in Ky-17-8 drill core. However quartz veining was intersected under the trench gold zone. The hole also intersected veins with base metal sulfides approximately vertically under the trench fault zone.

 

Closed-spaced 1980s diamond drill holes (Brunswick Mining and Smelting and Aurtec Inc.) in the area of holes Ky-15-3, 4, Ky-17-5, 6, 7 and 9 intersected near-surface mineralized veins (Elmtree 12 vein occurrence). A 0.88 metre core length interval from a 1981 drill hole was reported to grade 7.72% Cu, 11.36% Zn an 13.6 ounces per ton Ag. A 1.22 metre core length sample from a near-by 1989 drill hole was reported to assay 16.4% Cu, 10.11% Zn and 31.0 ounces per ton Ag. The true width of these intersections is unknown. These drill intersections are within 50 metre vertical depth. Great Atlantic personnel found loose casing in this area during 2015. It is uncertain which historic hole this represents.

 

Access to the property is excellent with paved roads transecting the property, including a provincial highway. The property covers an area of approximately 3,400 hectares.

 

To view the graphic in its original size, please click here

 

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 assays referred to in this News Release are accurate.

 

David Martin, P.Geo., a Qualified Person as defined by NI 43-101, 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.