Wednesday 13th December 2017

Resource Clips


April, 2011

April 29th, 2011

Precious metals vs. the USDby Equedia
Global Demand for Iron Ore on Riseby VantageWire
Thingsby The Grandich Letter
High gold prices raise old minesby The Gold Report
Silver price rising three-times as fast as goldby GoldSeek

April 28th, 2011

Global Demand for Iron Ore on Riseby VantageWire
Thingsby The Grandich Letter
High gold prices raise old minesby The Gold Report
Silver price rising three-times as fast as goldby GoldSeek
Uncle Buck Bernankeby Equedia

Premier President Ewan Downie on Ontario gold assays of 297.61 g/t over 1m

April 28th, 2011

“The East Bay Project is a joint venture we’ve had for several years. Back in 2004-2005, we drilled off a deposit called the Green Altered Zone in the East Bay ultramafic trend in Red Lake—which isn’t the main mine trend, but it’s another favourable alternation horizon. We drilled around, did some feasibility work, and then it just sat on the shelf. Then, a few years back, Rubicon Minerals Corporation TSX:RMX discovered the F2 Zone, and we’ve been following its development. Goldcorp owns adjacent claims to F2, and they’ve been drilling off their own mineralization there. They’ve learned the style of mineralization, and Rubicon has helped us understand what structure they were looking at. East Bay is a fairly large project, and we have multiple similar structures to the F2 deposit that are completed untested by drilling. So in 2010, we did a winter program, and we intersected about an ounce and a half in a narrow-vein structure. It’s best to drill this target in the winter because of the dip of the rock, but we did a follow-up hole last summer; and we hit six ounces per ton, approximately 200 metres north of the original intercept. So this winter [2011], we completed a multihole drill program to follow up those first two high-grade intercepts.

“The first two holes that we released late last week were further step-out holes to the north. So, we’ve now extended the high-grade, narrow-vein structure to a strike length of 400 metres along strike. It remains open, and is wide open down dip. We drilled multiple more holes and are waiting on assays. It’s an early-stage target, and now we’ve identified that there are two parallel horizons. Hopefully, they’re continuous. It’ll take a lot more drilling to establish continuity. Right now, we’re contemplating putting a barge on the water and drilling there, or doing some additional land drilling—drilling down dip like we did last summer.

“As far as these assays are concerned, I’m a huge fan of narrow-vein, high-grade mineralization. That’s what’s made Red Lake. Any time you hit high grade in Red Lake it’s exciting, so we’re looking forward to the follow-up results to this.

“What Rubicon’s done is very positive for the East Bay trend, and it’s inspired us to go back and look at this joint venture with Goldcorp, which has resulted in a discovery already that could become pretty significant with additional drilling.

“We have another JV meeting in about a month—which we do every quarter—and by then we should have all of the results from this drilling. Then we’ll discuss what we do next on East Bay. Hopefully we’ll continue drilling this summer. We’ve got additional targets that remain untested. Right now we’ve got four holes over a strike length of 400 metres, so we need a fair amount of additional drilling before we look at a resource estimate. The objective is to drill off a sufficient resource that would justify an underground program.

“We’re still drilling on our main JV, which is the Rayhill Bonanza Project. We’re expecting, hopefully, some pretty exciting results in the coming week.”

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Integra reports Quebec Gold Assays up to 36.55 g/t over 4.5m

April 27th, 2011

Integra Gold Corp TSXV:ICG announced drill results from the Triangle Zone of its Lamaque Gold Project in Quebec. Highlights include 15 g/t gold over 1.8 metres, 4.88 g/t over 4.5 metres, 6.25 g/t over 5 metres, 5.16 g/t over 3.5 metres, 2.99 g/t over 4.5 metres, 25.14 g/t over 2 metres, 11.21 g/t over 1.4 metres, 13.25 g/t over 0.8 metres, 14.92 g/t over 2 metres, 10.25 g/t over 1.8 metres and 36.55 g/t over 4.5 metres.

CEO John de Jong remarked, “Ongoing exploration on our Lamaque property continues to intersect high-grade gold mineralization, with the most recent drilling success taking place at the Triangle Zone. These results re-confirm that we are making significant progress in developing the size potential and definition of the thirteen known gold zones located within our Lamaque property. Our objective is to include the Triangle Zone in our pending resource calculation.”

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Contact:
John de Jong
President/CEO
604.629.0891

by Ted Niles

Allied Nevada reports Nevada Assays of 4.5 g/t Gold, 83.3 g/t Silver over 160m

April 27th, 2011

Allied Nevada Gold Corp TSX:ANV announced assays from its Hasbrouck Project near Tonopah, Nevada. Results include 4.5 g/t gold and 83.3 g/t silver over 160 metres, 4.7 g/t gold and 83.3 g/t silver over 93 metres, 2.7 g/t gold and 51 g/t silver over 84 metres, 3.1 g/t gold and 53.3 g/t silver over 53 metres, 4.8 g/t gold and 87.2 g/t silver over 109 metres, 0.9 g/t gold and 22.2 g/t silver over 101 metres, 0.8 g/t gold and 15.3 g/t silver over 99 metres, and 0.8 g/t gold and 23.1 g/t silver over 75 metres.

VP Exploration Dave Flint stated, “We are excited to have discovered this high-grade zone and the potential it brings to Hasbrouck. We will continue to study the extent and setting of this high-grade mineralization and the potential for additional zones of a similar nature near surface and at depth on the property. We have realigned the 2011 drill program to target high-grade zones based on our new understanding of the structures and geology at Hasbrouck, which has been confirmed by recent drilling.”

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Contact:
Scott Caldwell
President/CEO
775.358.4455

or Tracey Thom
VP Investor Relations
416.409.6007

by Ted Niles

Marathon, Mountain Lake report Nfld Gold Assays as high as 2.57 g/t over 27m

April 27th, 2011

Marathon Gold Corporation TSX:MOZ in joint venture with Mountain Lake Resources Inc TSXV:MOA announced results from the Leprechaun Gold Deposit on the Valentine Lake Property, Newfoundland. Assays include 1.33 g/t gold over 12 metres, 1.07 g/t over 13 metres (including 10.63 g/t over 1 metre), 1.89 g/t over 5 metres, 2.74 g/t over 3 metres, 7.69 g/t over 3 metres, 2.28 g/t over 6 metres (including 9.06 g/t over 1 metre) and 2.57 g/t over 27 metres (including 16.55 g/t over 3 metres). Each company holds 50% of the property and Marathon is the project operator.

Marathon President/CEO Phillip Walford said, “We are delighted with the discovery of this new near surface mineralization. The wide dilation lenses that we have encountered this year are typical of the Leprechaun Gold Deposit and contain most of its gold resource.”

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Contact:
Terre Partners
Joanna Longo
President
416.238.1414 x 233

by Ted Niles

Northern, ValGold report Ontario Gold Assays including 0.88 g/t over 219m

April 27th, 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 0.67 g/t gold over 329.7 metres (including 18.1 g/t over 1 metre), 0.24 g/t over 347.1 metres (including 1.39 g/t over 19 metres), 0.44 g/t over 338 metres (including 1.3 g/t over 95 metres) and 0.55 g/t over 213 metres (including 1 g/t over 102 metres). Northern Gold has an option to earn up to an 80% interest in the Garrison Gold Property and is the project operator.

Northern Gold President Martin Shefsky commented, “These new drilling results continue to intersect long intervals of mineralization supporting the concept of a significant near surface mineral resource at the Garrcon Deposit. Results from both infill drilling and stepout drilling continue to confirm that mineralization is open to depth and along strike.”

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

by Ted Niles

Premier, Goldcorp report Ontario Gold Assays up to 297.61 g/t over 1m

April 26th, 2011

Premier Gold Mines Limited TSX:PG in joint venture with Goldcorp Inc TSX:G announced results the Footwall Discovery Zone of the East Bay Project in the Red Lake Mining Camp, Ontario. Assays include 51.04 g/t gold over 0.7 metres, 7.25 g/t over 2.8 metres, 14.17 g/t over 0.8 metres, 297.61 g/t over 1 metre, 22.35 g/t over 1 metre, 56.54 g/t over 0.9 metres and 44.82 g/t over 1.5 metres. Goldcorp owns 65% of the property and is the project operator. Premier owns 35%.

Premier President/CEO Ewan Downie tells ResourceClips.com, “The East Bay Project is a joint venture we’ve had for several years. Back in 2004-2005, we drilled off a deposit called the Green Altered Zone in the East Bay ultramafic trend in Red Lake—which isn’t the main mine trend, but it’s another favourable alternation horizon. We drilled around, did some feasibility work, and then it just sat on the shelf. Then, a few years back, Rubicon Minerals Corporation TSX:RMX discovered the F2 Zone, and we’ve been following its development. Goldcorp owns adjacent claims to F2, and they’ve been drilling off their own mineralization there. They’ve learned the style of mineralization, and Rubicon has helped us understand what structure they were looking at. East Bay is a fairly large project, and we have multiple similar structures to the F2 deposit that are completed untested by drilling. So in 2010, we did a winter program, and we intersected about an ounce and a half in a narrow-vein structure. It’s best to drill this target in the winter because of the dip of the rock, but we did a follow-up hole last summer; and we hit six ounces per ton, approximately 200 metres north of the original intercept. So this winter [2011], we completed a multihole drill program to follow up those first two high-grade intercepts.

“The first two holes that we released late last week were further step-out holes to the north. So, we’ve now extended the high-grade, narrow-vein structure to a strike length of 400 metres along strike. It remains open, and is wide open down dip. We drilled multiple more holes and are waiting on assays. It’s an early-stage target, and now we’ve identified that there are two parallel horizons. Hopefully, they’re continuous. It’ll take a lot more drilling to establish continuity. Right now, we’re contemplating putting a barge on the water and drilling there, or doing some additional land drilling—drilling down dip like we did last summer.

“As far as these assays are concerned, I’m a huge fan of narrow-vein, high-grade mineralization,” continues Downie. “That’s what’s made Red Lake. Any time you hit high grade in Red Lake it’s exciting, so we’re looking forward to the follow-up results to this.

“What Rubicon’s done is very positive for the East Bay trend, and it’s inspired us to go back and look at this joint venture with Goldcorp, which has resulted in a discovery already that could become pretty significant with additional drilling.

“We have another JV meeting in about a month—which we do every quarter—and by then we should have all of the results from this drilling. Then we’ll discuss what we do next on East Bay. Hopefully we’ll continue drilling this summer. We’ve got additional targets that remain untested. Right now we’ve got four holes over a strike length of 400 metres, so we need a fair amount of additional drilling before we look at a resource estimate. The objective is to drill off a sufficient resource that would justify an underground program.

Downie adds, “We’re still drilling on our main JV, which is the Rayhill Bonanza Project. We’re expecting, hopefully, some pretty exciting results in the coming week.”

View Company Profile

Contact:
Ewan Downie
President/CEO
807.346.1390

by Ted Niles

April 26th, 2011

Thingsby The Grandich Letter
High gold prices raise old minesby The Gold Report
Silver price rising three-times as fast as goldby GoldSeek
Uncle Buck Bernankeby Equedia
$5,000 gold and $300 silver are credible numbersby VantageWire

Creso President Robert Casaceli on Ontario gold assays of 5.22 g/t over 11.8m

April 26th, 2011

“Shining Tree is an area that is located within 100 kilometres of two very large and other smaller gold deposits. Kirkland Lake is to the northeast and has produced 42 million ounces gold, and Timmins is to the north, and it has produced 56 million ounces. These types of systems are called alkalic gold systems. They’re some of the largest and richest gold deposits in the world. Shining Tree, in my opinion, is another one of these types of alkalic gold deposits. I think that it’s developed at depth, beneath the old Shining Tree district, which had very little production, mostly coming from the Tyranite mine—which we just announced the drilling of—deeper beneath the old workings. It produced between 31,000 and 32,000 ounces in three years of production between 1939 and 1942. I think the district is misunderstood, and it was closed for 24 years because of a conflict over native rights issues, which have been resolved.

“What we’ve been doing is drilling in areas where there is expression of gold at the surface. There are 37 known occurrences on the 284 square kilometres that we control of the district. And now we have drilled on three of them, two of them deeply—the Minto and the Tyranite. Both have indicated very strong mineralization.

“The assay results were good, even very good, but not great. They definitely are ore grade, and we have extended ore-grade mineralization from the known occurrences at the surface through the old workings—which we had recently acquired some underground chip sampling, channel sampling and bulk sampling from—now to a total vertical depth of 470 metres. Which is considerable. We’ve found ore grade all the way down, and we believe that there’s a significant amount of gold to be found and delineated at depth. And laterally it’s open on strike and at depth at Tyranite.

“The significance of these results is that Tyranite is located 2.5 kilometres to the north-northwest of Minto, on the same structure that is controlling mineralization in both places. This demonstrates that we’re looking at a district-wide play at Shining Tree—that it is not a single property play. There is structural continuity between Tyranite and Minto, and this then opens up the entire 2.5 kilometres for further exploration at depth.”

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