Thursday 14th December 2017

Resource Clips


February, 2011

February 28th, 2011

Abusing Dickensby The Gold Report
Why the large caps aren’t keeping pace with the juniorsby Equedia
China: pros and consby GoldSeek
Quantitative Easing II: Revenge of the Killer Quantitative Easingby The Gold Report
Good economies, the love trade and goldby VantageWire

Roxgold reports Burkina Faso Gold Assays up to 24.62 g/t over 6m

February 28th, 2011

Roxgold Inc TSXV:ROG in joint venture with Riverstone Resources Inc TSXV:RVS announced results from its Yaramoko Gold Concession in Burkina Faso, West Africa. Assays include 24.62 g/t gold over 6 metres (including 70.5 g/t over 2 metres), 0.62 g/t over 62 metres (including 1 g/t over 16 metres and 2.29 g/t over 6 metres), 2.28 g/t over 4 metres, 1.15 g/t over 6 metres, 2.05 g/t over 2 metres and 1.13 g/t over 3 metres. Roxgold has an option to earn 60% of the property and is the project operator.

President/CEO Robert Sibthorpe tells ResourceClips.com, “We drilled about 33 holes at Yaramoko during December and January, but there’s a high level of activity in that country now, so the local lab was very slow with the results. That’s why it took so long. We only have the first 14 of 33, so as much as we’re pleased with what we’ve got, we’re hoping for even better on the next set of results. We’re drilling about 10 different areas with this first set, it’s very much the first drilling on a lot of these geochemical soil and rock anomalies. This one that we started on, when we started drilling the local artisanal minors started digging in front of us. There’s upwards of 200 to 300 of them on the property right now—to the point where we’re going to have to stop it because it’s beginning to interfere with our work. They never really hurt you but they can get in the way and then you have a safety concern. But there must be something interesting on the surface as well as underneath, because they don’t work that hard for that stuff unless they get paid.

“We’re quite excited about the area. We have another hole coming through there in the next bunch and it looks pretty good too. We’ll definitely be coming back there with the core drill and try to get a handle on its dimensions. We optioned three properties from Riverstone Resources and, this year, we’re doing 25 or 30 drill holes on each of the three concessions and that’ll finish two thirds of our work this year. So, lots of drilling this year.

“Burkina Faso is a great place to work and I think there’s lots of gold there,” Sibthorpe concludes. “It’s more a matter of effort than it is of finding it. A lot of companies are having a lot of success there.”

View Company Profile

Contact:
Robert Sibthorpe
President/CEO
604.689.2599

by Ted Niles

Brigus Gold reports Ontario Gold Assays up to 12.6 g/t over 9.8m

February 28th, 2011

Brigus Gold Corp TSX:BRD announced results from the Contact Zone of its Black Fox Complex in the Timmins Mining District, Ontario. Assays include 12.6 g/t gold over 9.8 metres (including 20.43 g/t over 3.4 metres), 9.04 g/t over 18 metres (19.27 g/t over 7 metres), 3.1 g/t over 9.7 metres, 4.4 g/t over 4.3 metres, 2.97 g/t over 7.4 metres (including 6.45 g/t over 2.2 metres), 11.8 g/t over 5.5 metres (including 24.16 g/t over 2.6 metres) and 3.14 g/t over 10.8 metres.

VP Exploration Howard Bird remarked, “These are some of the best drill results to date from the Contact Zone at the Black Fox Complex. We are particularly encouraged by the high grade gold mineralization over wide intervals. Over the past year, drilling has tripled the strike length of the Contact Zone to 1.2 kilometres with the deepest gold mineralization to date intersected at approximately 350 metres from surface. Significantly, the Contact Zone remains open along strike and at depth. The proximity of the Contact Zone to the company’s operating Black Fox Mine provides an opportunity for rapid project advancement and production growth leveraging the company’s existing infrastructure.”

View Company Profile

Contact:
Wendy Yang
VP Investor Relations
303.524.3203

by Ted Niles

Dalradian reports N Ireland Gold Assays as high as 15.27 g/t over 2.7m

February 28th, 2011

Dalradian Resources Inc TSX:DNA announced assay results from its Curraghinalt Deposit in County Tyrone, Northern Ireland. Highlights include 12.86 g/t gold over 1 metre, 17.33 g/t over 1.3 metres, 41.04 g/t over 0.5 metres, 28.37 g/t over 0.5 metres, 19.9 g/t over 0.7 metres, 5.2 g/t over 1.5 metres, 4.57 g/t over 1.1 metres, 15.27 g/t over 2.7 metres, 6.1 g/t over 1.3 metres, 10.43 g/t over 1.1 metres, 18.03 g/t over 1.2 metres, 63.35 g/t over 0.9 metres and 13.12 g/t over 4.7 metres (including 81.11 g/t over 0.7 metres).

Chairman/CEO Patrick Anderson commented, “We are beginning to see results from the additional drill rigs added to the project in December 2010. The current four-rig program is designed to test outside the known resource envelope at depth, and along strike, and to determine the extent of newly discovered veins. Two of the rigs are targeting at depth below the resource, incrementally stepping down the vein system. Our other two rigs are focused on extending the shallow mineralization and are lengthening the strike of our recently discovered Crow and Bend veins.”

View Company Profile

Contact:
Investor Relations
416.583.5600

by Ted Niles

Rainy River reports Ontario Gold Assays up to 942.6 g/t gold over 3m

February 28th, 2011

Rainy River Resources Ltd TSXV:RR announced assays from its Rainy River Gold Project in northwestern Ontario. Results include 942.6 g/t gold over 3 metres (including 1,845 g/t over 1.5 metres), 4.7 g/t over 7.5 metres, 2.7 g/t over 37.5 metres (including 5 g/t over 15 metres), 1.4 g/t over 33 metres and 41.4 g/t over 1.5 metres.

President/CEO Raymond Threlkeld commented, “These initial results from our 2011 drill program are an excellent beginning to expand our resources from our recently announced NI 43-101 resource estimate. The area between the Beaver Pond and ODM Zones is possibly another high-grade structural shoot, similar to others we’ve seen throughout the deposit. The discovery of gold-bearing mineralization over 800 metres along strike in the newly discovered Western Area to the northwest of Beaver Pond opens up significant untested exploration potential.”

View Company Profile

Contact:
Liz Caridi
Director, Investor Relations
604.639.4497

by Ted Niles

Golden Valley, Osisko report Quebec Gold Assays up to 1.06 g/t over 67m

February 28th, 2011

Golden Valley Mines Ltd TSXV:GZZ in joint venture with Osisko Mining Corporation TSX:OSK announced drill results from the Jeffrey Zone of the Malartic CHL Property in Quebec. Highlights include 1 g/t gold over 27 metres, 0.59 g/t over 51 metres, 2.57 g/t over 26.7 metres (including 23.8 g/t over 1.5 metres), 2.5 g/t over 41 metres (including 56.8 g/t over 1 metre), 1.74 g/t over 36.7 metres (including 28.1 g/t over 1.4 metres), 1.06 g/t over 67 metres (including 11.03 g/t over 1.5 metres), 3.36 g/t over 24 metres and 1.57 g/t over 24 metres.

Osisko has the right to earn a 70% interest in the Malartic CHL Property and is the project operator.

View Company Profile

Contact:
Osisko Mining Corporation
John Burzynski
VP Corporate Development
416.363.8653

or Sylvie Prud’homme
Investor Relations
514.735.7131

by Ted Niles

Rockgate reports Mali Assays up to 443 g/t Silver, 1.09% Uranium over 2m

February 28th, 2011

Rockgate Capital Corp TSX:RGT announced assays from the North Zone of its Falea Project in Mali, West Africa. Results include 0.35% uranium and 156 g/t silver over 2 metres (including 0.56% uranium and 289 g/t silver over 1 metre), 42 g/t silver over 12 metres, 0.74% uranium and 916.5 g/t silver over 2 metres (including 1.08% uranium and 1,755 g/t silver over 1 metre), 1.09% uranium and 443 g/t silver over 2 metres (including 1.59% uranium and 638 g/t silver over 1 metre), 336.3 g/t silver over 5 metres, and 194.5 g/t silver over 7 metres.

Falea Basin hosts high-grade uranium mineralization similar to that of the Athabasca Basin in Canada. A third diamond drill is currently being mobilized to site and expected to arrive in early April. A fourth drill is planned to arrive on site mid-summer.

View Company Profile

Contact:
Karl Kottmeier
President
604.678.8941

or Kirk Gamley
VP Corporate Developement
604.678.8941

by Ted Niles

February 27th, 2011

Why the large caps aren’t keeping pace with the juniorsby Equedia
China: pros and consby GoldSeek
Quantitative Easing II: Revenge of the Killer Quantitative Easingby The Gold Report
Good economies, the love trade and goldby VantageWire

One Hole Away

February 25th, 2011

The Promise of Grizzly’s Greenwood Gold Project Excites Investors

By Ted Niles

It’s not often that you can say of a man that he knew his future before he knew his name. Brian Testo, President and CEO of Grizzly Discoveries Inc, earned the moniker “Griz” at 14 for his tenacity, but it was at the age of nine that he saw his future in mining. “I was in Grade 4,” Testo relates, “and we were talking about the economies of different countries, and our teacher said something about diamonds in South Africa. There were coal mines throughout Hinton, Alberta, where I grew up, so I asked him if there was any chance of diamonds in Alberta. He said no, no chance; they’re only in South Africa. But I didn’t believe him. So I pursued that.”

Indeed he did. In 2005 Grizzly Diamonds—as the company was then known—acquired three diamond properties in Alberta’s Buffalo Head Hills, approximately 1.6 million hectares. The company also had four BC precious-metals properties—Peak, French, Goat Mine and Silver Bear—over 9,300 hectares.

The Promise of Grizzly's Greenwood Gold Project Excites Investors

One could say that such an intense interest in gemstones might not have been the best course given what was looming on the horizon. “It got to the point where in 2008, when the little meltdown came, nobody wanted to talk about diamonds,” Testo reports. He adds, “But that year we got Greenwood, our flagship gold property.”

Greenwood now totals 88,140 hectares. Situated between Grand Forks and Midway, it is easily accessible by road. Around 1900, the area was the largest gold producer in the country, and the Greenwood property is near notable producers—particularly the Motherlode mines that yielded 178,000 ounces gold, 723,000 ounces silver and 80 million pounds copper. And Greenwood is seven kilometres northwest of Kinross Gold’s Buckhorn Mountain Gold Mine in Washington State.

Testo says of the property, “We took an old gold camp which was very underexplored, and we flew some new mags on it about a year and a half ago. When we got the data back, there were 500 conductors. So we’ve been drilling some of those, as well as some old drill targets. So far, we still have 400 conductors we haven’t chased down. There are six distinct areas in Greenwood, and we have shown in the first three that there’s a huge low-grade system there.”

Grizzly has completed three drill campaigns at Greenwood, and it does not yet have an NI 43-101 resource estimate. Assays of September 13, 2010, included 0.75 grams per tonne gold over 42 metres (including 1 g/t over 30 metres). The most recent assays, released February 7, include 0.21 g/t gold over 111.5 metres (including 1.19 g/t over 10.4 metres). Testo comments, “We’ve got this huge intersection, and we’ll hit high grade between that. We’ve just got to find the high grade. I tell people that we’re one hole away from a major discovery. On our next drill hole we could hit the heart of the system, or it might take 10 or 20. We’ve got enough smoke there to know there’s a fire.”

We’ve got enough smoke there to know there’s a fire — Brian “Griz” Testo

The market has of late shared Testo’s confidence. Following its February 7 press release, Grizzly’s share price shot up from $0.30 to, at press time, $0.52. The company has $1.2 million on hand, enough “to do a small program in May or June,” but he hopes to raise an additional $3 million to $5 million this spring for “a proper two-year drilling program. That’s my goal for Greenwood, and I think we can attain that.” Towards that end Testo reports that Grizzly Discoveries has applied for a listing on the OTCQX.

Of Grizzly’s other precious metals properties in BC, the Peak Property is the most promising, hosting rock that is stratigraphically similar to Barrick Gold’s Eskay Creek Mine. Testo remarks, “If I could raise more money, I’d work on it. But it’s a higher risk property than Greenwood.” The company has also taken a considerable interest in Alberta potash. Anyone familiar with the names of BHP Billiton and Potash Corp knows this is an increasingly profitable commodity. Grizzly has staked roughly 950,000 hectares near Lloydminster and Medicine Hat on the border and hopes to bring some of Saskatchewan’s potash success to Alberta.

“Griz” has not forsaken his diamonds, but Greenwood remains his priority. He concludes, “I’ve never had a brokered placement. I’ve always done friends and family. We have a huge vested interest in making this thing work. And we only have 34 million shares. Fully diluted, we’d be at about 38 million to 40 million and have another $3 million to $4 million in the bank. I’d raised most of the money before the crash north of a dollar. I’ve done a couple of small placements since then to keep rocking and rolling, but I’m going to do a bigger placement at a higher price, and things are going to happen.”

Callinan reports Manitoba Assays up to 9.73 g/t gold over 5.8m

February 25th, 2011

Callinan Mines Limited TSXV:CAA announced results from its Gossan Hill Property in Manitoba. Assays include 4.06 g/t gold over 4.53 metres (including 5.37 g/t over 2 metres), 1.72 g/t over 13.9 metres, 5.33 g/t over 2 metres (including 10.32 g/t over 0.8 metres), 4.61 g/t over 7.6 metres (including 9.81 g/t over 2.3 metres), 4.12 g/t over 2.3 metres, 9.73 g/t over 5.8 metres (including 30.3 g/t over 1.5 metres) and 8.26 g/t over 3.1 metres (including 13.53 g/t over 1.6 metres).

The Gurney Gold Mine, a historic mine on the Gossan Hill property, produced 25,164 ounces gold and 71,953 ounces silver between 1937 and 1939.

View Company Profile

Contact:
Callinan Mines Limited
604.605.0885

by Ted Niles