Sunday 23rd October 2016

Resource Clips

September, 2011

Coming soon to A new look and a new approach

September 30th, 2011

Resource Clips - essential news on junior gold mining and junior silver miningVisitors to our Web site might experience weekend interruptions as we prepare to unveil the all-new

Updates, upgrades and re-design will include a major innovation in social networking for the junior resource sector.

Stay tuned!

Great Panther reports Mexico Assays of 2.48 g/t Gold, 623 g/t Silver over 4.3m

September 30th, 2011

Resource Clips - essential news on junior gold mining and junior silver miningGreat Panther Silver Limited TSX:GPR announced assay results from its San Ignatio Mine property in Guanajuato, Mexico. Highlights include

1.75 g/t gold and 134 g/t silver over 3.5 metres
1.32 g/t gold and 68 g/t silver over 3.1 metres
10.8 g/t gold and 1,370 g/t silver over 0.6 metres
2.38 g/t gold and 176 g/t silver over 4.2 metres
2.48 g/t gold 623 g/t silver over 4.3 metres
1,390 g/t silver over 0.8 metres
4.62 g/t gold and 359 g/t silver over 1.6 metres
2.89 g/t gold and 122 g/t silver over 2 metres
1.76 g/t gold and 93 g/t silver over 4.3 metres
1.04 g/t gold and 464 g/t silver over 3.5 metres
6.43 g/t gold and 187 g/t silver over 3.2 metres

The San Ignacio project is located in the La Luz vein system of the Guanajuato silver-gold district. Great Panther has re-initiated its NI 43-101 resource estimate for San Ignacio, which is expected to be completed by 4Q 2011.

View Company Profile

Read More about Great Panther Silver

B&D Capital

by Ted Niles

Sabina reports Nunavut Gold Assays including 14.24 g/t over 28.3m

September 30th, 2011

Resource Clips - essential news on junior gold mining and junior silver miningSabina Gold & Silver Corp TSX:SBB announced drill results from the Umwelt deposit of its Back River project in Nunavut. Assays include

3.61 g/t gold over 10.5 metres
2.73 g/t over 13.3 metres
13.48 g/t over 0.8 metres
8.64 g/t over 1 metre
5.19 g/t over 60.2 metres (including 9.02 g/t over 26.3 metres)
7.62 g/t over 10 metres (including 29.45 g/t over 2 metres)
3.78 g/t over 6.3 metres
12.01 g/t over 23.5 metres (including 23.46 g/t over 9 metres)
14.24 g/t over 28.3 metres (including 29.96 g/t over 8.4 metres)

President/CEO Tony Walsh commented, “Our work continues to demonstrate the high quality of the Back River Property. In our 2011 campaign, we have extended and expanded our Umwelt and Llama deposits and we have made eight new discoveries on our Back River and Wishbone claims with many assays still pending. We are very encouraged by the success we are having in identifying good grades and good widths in our deposit areas. On the discovery front we are very encouraged by recent developments. While not all discoveries we make will be of the nature and size we are looking for, our success rate in finding gold mineralization based on the limited number of targets tested this year is excellent. This demonstrates the prospective nature of the land package we have at Back River and Wishbone and we are confident that we will continue to make new discoveries.”

View Company Profile

Read More about Sabina Gold & Silver

Nicole Hoeller
Director, Investor Relations

by Ted Niles

Gold Canyon reports Ontario Gold Results as high as 1.46 g/t over 250m

September 30th, 2011

Resource Clips - essential news on junior gold mining and junior silver miningGold Canyon Resources Inc TSXV:GCU announced assays from its Springpole Gold Project in northwestern Ontario. Results include

1.46 g/t gold over 250 metres
(including 1.91 g/t over 178 metres)
0.91 g/t over 369 metres
(including 11.01 g/t over 3 metres)
0.97 g/t over 319 metres
(including 3.29 g/t over 19 metres)
0.91 g/t over 206 metres
(including 1.87 g/t over 81 metres)
0.58 g/t over 114 metres

Technical Adviser/Director Quinton Hennigh stated, “We are very pleased with the results from our step-out holes. Looking at a plan section, it is very clear that the system remains wide open for expansion to the southeast. The profile of the deposit on the 0+00 m section is roughly 300 metres wide and 400 metres tall. The very long intercept in hole SP11-074 suggests this profile projects to the -050 m section further southeast. If such a profile continues even further, we can quickly add a lot of volume to this zone. Infill drilling continues to demonstrate the robust, continuous nature of mineralization at Springpole. When we see multiple zones of higher-grade mineralization like that encountered in SP11-073, we know we have a lot more drilling to do to fully understand this large, dynamic gold system.”

View Company Profile

Akiko Levinson

or Leo Karabelas
Investor Relations

by Greg Klein

New Guinea reports Papua New Guinea Gold Results of 6.32 g/t over 5.2m

September 29th, 2011

Resource Clips - essential news on junior gold mining and junior silver miningNew Guinea Gold Corp TSXV:NGG announced assays from the Kavursuki Zone of its Sinivit Mine in Papua New Guinea. Results include

6.32 g/t gold over 5.2 metres
(including 10.64 g/t over 2.2 metres)
3.75 g/t over 4 metres
4.26 g/t over 3.2 metres
(including 6.59 g/t over 1.3 metres)
8.83 g/t over 1.3 metres

Acting CEO Greg Heaney remarked, “These assay results continue to assist us in understanding the extent, location and nature of the Kavursuki vein system. The current exploration drilling program will continue until December 2011, by which time a new medium- to long-term exploration program will have been finalized.”

View Company Profile

Greg Heaney
Acting CEO

by Greg Klein

Pretium reports BC Assays up to 11.59 g/t Gold over 16.5m

September 29th, 2011

Resource Clips - essential news on junior gold mining and junior silver miningPretium Resources Inc TSX:PVG announced assays from its Brucejack project in BC. Highlights include

2.2 g/t gold over 53.6 metres (including 153 g/t over 0.5 metres)
1.25 g/t gold over 74.7 metres
6.14 g/t gold and 24.3 g/t silver over 12 metres
2.27 g/t gold over 95.5 metres (including 88 g/t over 1.5 metres)
7.45 g/t gold over 14.7 metres
1.07 g/t gold over 114 metres
2.62 g/t gold and 19.6 g/t silver over 39.5 metres (including uncut 1,465 g/t gold and 863 g/t silver over 0.5 metres)
76.8 g/t gold and 478 g/t silver over 6.5 metres (including uncut 7,420 g/t gold and 3,800 g/t silver over 1 metre)
11.59 g/t gold and 48.4 g/t silver over 16.5 metres
3.57 g/t gold and 103.4 g/t silver over 6.8 metres
6 g/t gold and 34.7 g/t silver over 24.6 metres
4.7 g/t gold and 47.5 g/t silver over 55 metres (including uncut 462 g/t gold and 311 g/t silver over 0.5 metres)
2.72 g/t gold and 23.8 g/t silver over 54 metres

The Brucejack project has an NI 43-101 measured and indicated resource estimate of 8.18 million ounces gold and 116.2 million ounces silver. It has inferred resources of 12.56 million ounces gold and 151.2 million ounces silver.

View Company Profile

Read More about Pretium Resources

Robert Quartermain

by Ted Niles

Atlanta Gold CFO Bill Baird on Idaho gold assays of 7.79 g/t over 19.8m

September 29th, 2011

Resource Clips - essential news on junior gold mining and junior silver miningAtlanta Gold Inc TSXV:ATG announced drill results from its Atlanta property in Idaho. Assays include

7.79 g/t gold over 19.8 metres (including 25.92 g/t over 4.6 metres)
11.58 g/t over 10.7 metres (including 24.32 g/t over 4.6 metres)
8.14 g/t over 6.1 metres (including 11.83 g/t over 3 metres)
4.51 g/t over 13.7 metres

A September 2011 43-101 estimates 6.83 million tonnes grading 3.45 g/t gold for 686,600 gold ounces and 9.04 g/t silver for 1.8 million silver ounces indicated and 1.79 million tonnes grading 5.42 g/t gold for 282,400 gold ounces and 8.16 g/t silver for 425,400 silver ounces inferred. The gold-equivalent numbers are 719,000 ounces indicated and 290,100 ounces inferred.

Director/VP/CFO Bill Baird tells, “We’re very pleased with the results. We believe that the Atlanta Project is a significant gold epithermal system. Until this year the exploration was only on the Atlanta shear zone, which is 11,400 feet [3,477 metres] long, between 30 and 120 feet [9.15 and 36.6 metres] wide and goes down to a known vertical depth of 1,000 feet [305 metres]. We recently announced that we stepped off the Atlanta shear zone, and we’re drilling holes north of the zone. We’re hitting some new gold-bearing zones there. We don’t know yet if they’re part of the Atlanta shear zone.

We’ll continue to expand the resource, but it doesn’t make sense to spend money on drilling when you could be generating cash flow to cover the cost—Bill Baird

“The total mineralized structures cover a horizontal distance of 50,000 feet [15,250 metres]. All of these structures have hosted historic mines which produced very good grades. They were in production when gold was $20 to $35 an ounce. So they were high grade. We’ve drilled 46,000 feet [14,030 metres] to date this year,” Baird says.

“Our last 43-101-compliant resource estimate was released in early September. That showed total indicated and inferred resources of just over a million gold-equivalent ounces. Our game plan has been to increase the resource by 250,000 ounces a year. Our discovery or development cost per ounce—including all overhead, all expenses in the company, everything—is less than $20 an ounce. We’ve got a very cost-effective operation. And that’s principally because of Ernie Simmons, who’s our Vice-President of Mining, COO and a Director. He’s based in Boise, Idaho.

“We have three drills working the site 24 hours a day,” Baird adds. “Our objective is to drill 60,000 feet [18,300 metres]. We have a number of assays pending, so there’s going to be news releases coming out probably through November. We’d like to end the year with 1,250,000 [gold-equivalent] ounces.

“Once we complete the drilling, there’ll be an updated 43-101 technical report and resource estimate. That will be followed by a preliminary economic assessment. We previously planned it for the middle of this year, but we postponed that to capture the results of the 2011 drilling program,” he says.

“We expect to have the PEA out early next year and follow with a prefeasibility study. We’ll probably do another 50,000 or 60,000 feet of drilling next year as well. People love to see the resource going up, and we’ve always overshot every target we’ve set on the resource. But you get to the point where you have to start mining. We’ll continue to expand the resource, but it doesn’t make sense to spend money on drilling when you could be generating cash flow to cover the cost.”

Baird concludes, “Someone might come in and make a takeover bid. Then it becomes a matter of price. But certainly our plan is to go into production, and we have just the team to do that. If you look at the board of directors and management, there’s over 200 years of mining experience there. We had a meeting with an investment banker from London recently, and I asked him, ‘What did you learn from the recession?’ He said, ‘We learned that we’ve invested in a lot of junior companies that don’t have the capacity to bring a project into production. But you guys do.’”

View Company Profile

Bill Baird

by Ted Niles and Greg Klein

Starcore reports Mexico Assays of 7.94 g/t Gold, 75.3 g/t Silver over 16.9m

September 29th, 2011

Resource Clips - essential news on junior gold mining and junior silver miningStarcore International Mines Ltd TSX:SAM announced results from its San Martin Mine in Queretaro State, Mexico. Assays include

7.94 g/t gold and 75.3 g/t silver over 16.9 metres
(including 24.9 g/t gold and 184.9 g/t silver over 4.8 metres)
15.88 g/t gold and 135 g/t silver over 1.2 metres
4.06 g/t gold and 55.4 g/t silver over 4.2 metres
3.97 g/t gold and 155 g/t silver over 4.3 metres

Executive Chairman/CEO Robert Eadie stated, “The Pilotos area is currently providing high-grade ore that is helping the mine keep production where it was in the first five months of this year. These holes are adding volume to areas which were discovered last year and are another indication of how our exploration team is continuing to replace reserves.”

View Company Profile

Robert Eadie
Executive Chairman/CEO

by Greg Klein

Pershimco reports Panama Assays up to 1.84 g/t Gold over 71m

September 29th, 2011

Resource Clips - essential news on junior gold mining and junior silver miningPershimco Resources Inc TSXV:PRO announced results from its Cerro Quema Project in Panama. Highlights include

1.84 g/t gold, 0.85 g/t silver and 0.2% copper over 71 metres
(including 3.61 g/t gold, 1.54 g/t silver and 0.06% copper over 36 metres)
0.93 g/t gold, 2.02 g/t silver and 0.08% copper over 94 metres
(including 1.58 g/t gold, 0.56 g/t silver and 0.01% copper over 27 metres)
6.48 g/t gold, 2.05 g/t silver and 0.06% copper over 13 metres
2.09 g/t gold, 0.66 g/t silver and 0.18% copper over 27 metres

Cerro Quema is located about 45 kilometres from the city of Chitre and about 190 kilometres from Panama City. The project’s camp is next to the concessions, with road access, water, power and communications.

View Company Profile

Alain Bureau

by Greg Klein

Aquila reports Wisconsin Reef gold assays including 14.41 g/t over 14.8m

September 29th, 2011

Resource Clips - essential news on junior gold mining and junior silver miningAquila Resources Inc TSX:AQA announced results from its Reef gold project in Marathon County, Wisconsin. Assays include

8.4 g/t gold over 3.2 metres
0.95 g/t over 11.9 metres
2.96 g/t over 3.1 metres
4.62 g/t over 7 metres
1.08 g/t over 6 metres
1.07 g/t over 12.5 metres
1.08 g/t over 5.6 metres
1.7 g/t over 10.5 metres
5.61 g/t over 6.4 metres
14.41 g/t over 14.8 metres (including 21.28 g/t over 9.3 metres)

President/CEO Tom Quigley stated, “We are very pleased with the progress being made at Reef and will continue drilling to extend and define the mineralized structure. The strong intercept from R11-11 shows the potential for new, previously unidentified zones southwest of the known resource.”

View Company Profile

Thomas O. Quigley

or Robin Dunbar

by Ted Niles