Thursday 14th December 2017

Resource Clips


March, 2011

Northern Gold President Martin Shefsky on Ontario gold assays of 1.62 g/t over 284.6m

March 31st, 2011

“The Garrison Gold Project, which is the primary focus of Northern Gold, is developing very quickly. Our drill results continue to confirm the mineralization and the fact that we have a very substantial deposit. The nice long runs of mineralization are what we’re looking for and are very conducive to very low cost, open pit mining. Today’s results, along with the metallurgical results that we put out a little while ago, continue to confirm our expectations, and to derisk the project and move us towards a production scenario in the not-distant future. The plan for 2011 is to continue with our 30,000-metre drill program. Given market conditions we’ll look to increase the number of drills on the property.

“ValGold has been very good. We have a very strong working relationship and we look forward to continuing to work with them.

“We have an updated 43-101 that’s imminent—over the next couple or three weeks—which should further derisk the project as we move toward a large enough number to go to production on. In terms of production we would look at late 2012, early 2013. Overall, we’re very bullish.”

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View Press Release Summary

March 31st, 2011

Over the moonby The Gold Report
Yes, but is it broken in theory?by GoldSeek
The chicken who won’t shortby The Grandich Letter
Beating Goldman Sachsby Equedia
China says nuclear safer than coalby VantageWire

NWM reports Mexico Gold Assays as high as 11.15 g/t over 3m

March 31st, 2011

NWM Mining Corporation TSXV:NWM announced assays from the Campamento Zone of its La Jojoba Property in Mexico. Results include 11.15 g/t gold over 3 metres, 5.24 g/t over 3 metres, 1.64 g/t over 3.4 metres, 3.69 g/t over 3 metres, 1.27 g/t over 3.4 metres, 4.42 g/t over 3 metres and 3.07 g/t over 3 metres.

President/CEO Chris Berlet tells ResourceClips.com, “There’s a reserve at La Jojoba in the Northeast Zone and it’s 200,000 ounces of gold in proven and probable reserves. Jojoba is 300 metres long and 150 metres wide. This zone, Campamento, which we’ve now hit—which is only about 300 metres south of Jojoba—has got very high gold numbers, and we’ve got a lot more drill data and news coming very steadily in the next week. It is 1,500 metres long and 900 metres wide, with anomalous gold-copper in two enzyme leach studies and in all the structural stuff. So that’s the size of this anomaly. Our target here, now, having hit gold with some exceptionally good results as we drill this out in the next three to six months, is a million ounces of reserve potential. So the property goes from 200,000 ounces right now to potentially 1 million to 1.5 million ounces. So we’re looking at five times the valuation in metal content.

“We’re extremely pleased with today’s results, and we’ve got some more coming,” Berlet continues. “This is the most exciting thing for the company. This property really hasn’t been worked since the 1990s, and it should be looked at with fresh eyes. We’re right between two companies for which there’s a bidding war going on right now, Capital Gold and Timmins. Capital Gold has a 1.5-million-ounce reserve; their market cap is $400 million. With this zone, we’ve got the potential to be at 1.5 million ounces within 4 or 5 months; our market cap is $60 million.

“The plans this year are to increase production and drill non-stop on this—probably accelerate drilling—and recalculate reserves in November. We’re pouring first gold here in April—173 ounces, and it’ll increase steadily until we’re at 1,500 ounces per month by December of this year. Up to 1,700 per month next year. Ultimately up to 3,500 per month.

“My overall assessment is that the company is going to be acquired. There’s going to be a lot of strategic interest in it from larger mining companies around us in Mexico. What is required to get them going? The news today is the kind of thing that can be a major catalyst for that. If we do have 1.5 million ounces, the bidding will start soon,” Berlet concludes. “Why pay six times us when we could have the same reserve potential in gold here?”

View Company Profile

Contact:
NWM Mining Corporation
416.364.6799

by Ted Niles

Northern, ValGold report Ontario Gold Assays including 1.62 g/t over 284.6m

March 31st, 2011

Northern Gold Mining Inc TSXV:NGM in joint venture with ValGold Resources Ltd TSXV:VAL announced assay results from the Garrcon Deposit of its Garrison Gold Property in the Abitibi Greenstone Belt, Ontario. Highlights include 0.54 g/t gold over 293 metres (including 1 g/t over 79 metres), 0.6 g/t over 292.5 metres (including 1.4 g/t over 38 metres), 1.62 g/t over 284.6 metres (including 129.68 g/t over 3 metres) and 0.47 g/t over 287 metres (including 1.64 g/t over 62 metres). Northern Gold has an option to earn up to an 80% interest in the Garrison Gold Property and is the project operator.

President/CEO Martin Shefsky tells ResourceClips.com, “The Garrison Gold Project, which is the primary focus of Northern Gold, is developing very quickly. Our drill results continue to confirm the mineralization and the fact that we have a very substantial deposit. The nice long runs of mineralization are what we’re looking for and are very conducive to very low cost, open pit mining. Today’s results, along with the metallurgical results that we put out a little while ago, continue to confirm our expectations, and to derisk the project and move us towards a production scenario in the not-distant future. The plan for 2011 is to continue with our 30,000-metre drill program. Given market conditions we’ll look to increase the number of drills on the property.

“ValGold has been very good. We have a very strong working relationship and we look forward to continuing to work with them.

Shefsky concludes, “We have an updated 43-101 that’s imminent—over the next couple or three weeks—which should further derisk the project as we move toward a large enough number to go to production on. In terms of production we would look at late 2012, early 2013. Overall, we’re very bullish.”

View Company Profile

Contact:
Northern Gold Mining Inc
Martin R. Shefsky
President/CEO
416.366.7300

by Ted Niles

Int’l Northair reports Mexico Silver Assays up to 87.1 g/t over 53.7m

March 31st, 2011

International Northair Mines Ltd TSXV:INM announced results from its La Cigarra Silver Project in north central Mexico. Assays include 51.3 g/t silver over 109.9 metres (including 177.8 g/t over 9.9 metres), 148.6 g/t over 7.4 metres, 87.1 g/t over 53.7 metres (including 175.5 g/t over 22.7 metres), 23.3 g/t over 26.2 metres, 140.6 g/t over 48.1 metres (including 263 g/t over 22.1 metres) and 79.1 g/t over 32 metres (including 109.2 g/t over 20.4 metres).

President/CEO Fred Hewett commented, “We continue to be very pleased with the results of the drill program at La Cigarra. The recent drill holes completed at the San Gregorio Zone returned excellent silver values over significant widths and successfully extended the strike length of the zone by 100 metres. At the Las Carolinas Zone, located 1,100 metres southeast of San Gregorio, drilling has encountered similar geology to that in San Gregorio along with significant silver values. Both zones remain open along strike and down dip. The results from these two zones, along with the intervening 1.1 kilometres of untested ground provides excellent immediate upside exploration potential.”

View Company Profile

Contact:
Fred Hewett
President/CEO
604.687.7545

or Chris Curran
Investor Relations
604.687.7545

by Ted Niles

Trade Winds, Detour report Ontario Gold Assays including 1.89 g/t over 28m

March 31st, 2011

Trade Winds Ventures Inc TSXV:TWD in joint venture with Detour Gold Corporation TSX:DGC announced results from the Block A Joint Venture Project in northeastern Ontario. Assays include 1.89 g/t gold over 28 metres, 1.14 g/t over 21 metres, 2.92 g/t over 7 metres, 1.03 g/t over 9.6 metres, 3.47 g/t over 15.4 metres, 2.68 g/t over 8.3 metres, 1.22 g/t over 6 metres, 2.34 g/t over 10.4 metres, 1.5 g/t over 6.5 metres, 1.02 g/t over 5 metres and 2.44 g/t over 11 metres.

Each company has a 50% interest in the property and Trade Winds is the project operator. Block A has a mineral resource estimate of 1.92 million ounces gold indicated at a 0.4 g/t cut-off, and 762,000 ounces gold inferred.

View Company Profile

Contact:
Trade Winds Ventures Inc
Ian D. Lambert
President/CEO
416.840.9843

or Terry McGee
Investor Relations
866.698.9187 x 228

by Ted Niles

Rainy River reports Ontario Gold Assays as high as 352.8 g/t over 6m

March 31st, 2011

Rainy River Resources Ltd TSXV:RR announced assays from its Rainy River Gold Project in northwestern Ontario. Results include 4.6 g/t gold over 13.5 metres, 5 g/t gold over 4.5 metres, 11.8 g/t gold over 9 metres (including 67.2 g/t gold over 1.5 metres), 352.8 g/t gold over 6 metres, 7.1 g/t gold and 23 g/t silver over 9 metres, 24.1 g/t gold and 74 g/t silver over 1.5 metres, and 91.8 g/t gold over 1.5 metres.

President/CEO Raymond Threlkeld said, “Over the last year the company has enjoyed significant discovery success with the infill drill program and more recently, with the step-out regional exploration drill program to the west and in the deep 17 East Extension Zone. Consequently, we have decided to intensify our exploration program by adding 4 drill rigs in the coming weeks, which will increase our total number of rigs to 10. The current plan is to conduct approximately 170,000 metres of drilling in 2011. The revised exploration program will dedicate 60% of the drilling towards regional exploration, 20% to define potential underground resources and 20% for further infill. We are continuing with pit optimization and drilling to convert inferred resources into indicated mineralization, to define a potential pit bottom and ultimately focus infill drilling on expanding the underground potential at depth. We are currently preparing a scoping study based on our current resource estimate which includes defining an optimized pit shell. As a result of the potential for an open pit to extend below the planned advanced exploration development ramp access, we will be re-evaluating the program. In the meantime, we are continuing with the permitting process, which is in its final stages of completion according to plan. We plan to defer the decision to proceed with the advanced exploration ramp until we have concluded this study.”

View Company Profile

Contact:
Liz Caridi
Director, Investor Relations
604.639.4497

by Ted Niles

US Gold reports Mexico Silver Assays up to 211.6 g/t over 14.2m

March 31st, 2011

US Gold Corporation TSX:UXG announced drill results from its El Gallo Project in Sinaloa State, Mexico. Assays include 115.9 g/t silver over 9.5 metres (including 586 g/t over 1.4 metres), 508 g/t over 1.1 metres, 132.4 g/t over 9.1 metres, 423 g/t over 3.5 metres (including 1,270 g/t over 1.1 metres), 293.8 g/t over 1.8 metres (including 411 g/t over 0.8 metres), 63.7 g/t over 10.6 metres, 83.9 g/t over 14 metres and 211.6 g/t over 14.2 metres.

Chairman/CEO Rob McEwen commented, “With a $30 million exploration program over the next two years, a large land package and multiple new discoveries at and around El Gallo, the potential to expand the resource looks excellent. We are pushing aggressively to grow the size of the project as we move it through feasibility and towards production.”

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Contact:
Ian J. Ball
Senior Vice-President
647.258.0395

by Ted Niles

March 30th, 2011

Yes, but is it broken in theory?by GoldSeek
The chicken who won’t shortby The Grandich Letter
Beating Goldman Sachsby Equedia
China says nuclear safer than coalby VantageWire
Base metals are for the long termby The Gold Report

Cream reports Mexico Assays of 311.16 g/t Silver, 1.11 g/t Gold over 12.6m

March 30th, 2011

Cream Minerals Ltd TSXV:CMA announced assays from the Dos Hornos 1 vein structure of its Nuevo Milenio Project in Mexico. Results include 0.24 g/t gold and 40.93 g/t silver over 15.4 metres (including 1.5 g/t gold and 163.6 g/t silver over 2 metres), and 1.1 g/t gold and 311.16 g/t silver over 12.6 metres (including 2.95 g/t gold and 825.47 g/t silver over 4.6 metres).

The Nuevo Milenio Project has an inferred mineral resource estimate of 271,482 ounces gold and 41.1 million ounces silver.

View Company Profile

Contact:
Frank A. Lang
Chairman
604.687.4622

or Michael O’Connor
President/CEO
604.687.4622

by Ted Niles