Monday 11th December 2017

Resource Clips


March, 2012

Bowmore, Threegold report Quebec Results of 0.74 g/t Gold over 68m

March 30th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningBowmore Exploration Inc TSXV:BOW in joint venture with Threegold Resources Inc TSXV:THG announced results from their Standard Gold and Duverny properties in the Abitibi region of Quebec. Highlights include

0.74 g/t gold over 68 metres
(including 19.05 g/t over 1 metre)
0.59 g/t over 44 metres
0.57 g/t over 26.5 metres
(including 6.03 g/t over 1 metre)
0.8 g/t over 16 metres
1.43 g/t over 8 metres
7.06 g/t over 1 metre
7.05 g/t over 1 metre

The Standard Gold and Duverny properties are contiguous. The property package and immediate area include three known gold deposits, including the past-producing Standard Gold Mine, which operated between 1935 and 1953. Bowmore has an option with Threegold on both properties. Bowmore may acquire a 51% interest in the Standard Gold Property by paying $280,000 and spending $4 million over a five-year period. Bowmore may acquire an additional 19% interest by spending $6 million over an additional five-year period.

We struck a deal with Osisko where they took 35% of the company. They took two of their top executives, Osisko’s President, Sean Roosen, and their Executive VP, Robert Wares, and appointed them to our board. We benefit in several ways—Paul Dumas

Bowmore President/CEO Paul Dumas tells ResourceClips.com, “We acquired this property a year and a half ago, and we optioned another property that was adjacent to it. We’ve been doing some recon work, some aeromagnetics. We want to drill 5,000 metres this year because we had some targets over the swamp areas, but we had a quick thaw in northern Quebec. So that limited us. We were only able to do about 3,800 metres. But it helps to confirm the zones that we’re looking at. It’s an old mine that was operating between the 1930s and 1940s. We wanted to target the initial shaft that was there. We did some huge stepouts, 800 to 900 metres, testing the diorite dyke. We’re pleased with the results because we’re looking for a large, bulk-tonnage, open-pittable deposit. This is a kilometric, vast ankerite altered zone.

“So we’re pleased with the results we got,” he says. “Obviously we’re going to do a follow-up this summer.

“In May or June 2009, we struck a deal with Osisko TSX:OSK where they took 35% of the company,” he points out. “They took two of their top executives, Osisko’s President, Sean Roosen, and their Executive VP, Robert Wares, and appointed them to our board. We benefit in several ways: the knowledge that they have, the deal flows that come through their door. Obviously they’re looking at deposits in excess of two million ounces, so a lot of the more grassroots projects are presented to us. If they fit our strategy, we’ll move on these transactions.

“We have properties in northern Quebec, southern Quebec and in Mexico,” Dumas adds. “Presently we’re drilling our Chivas Property in Mexico. It’s in the Sierra Madre, about 15 kilometres west of the Dolores Mine that was just bought out by Pan American Silver TSX:PAA. It’s a huge, low-sulphidization epithermal system. The results of our exploration programs define this large epithermal system. It’s about 5.2 square kilometres. There’s an extension on the other side of the northern fault that was drilled. The property was drilled prior to us by a company called Cambior and another company called X-Ore. X-Ore drilled about 3,100 metres on an exposed vein, and they got some good results. For example, they got about 15 metres of 1.26 grams per tonne gold and 182 grams per tonne silver. Our goal right now is to go into that property, drill the extensions of that zone (it’s called the Piedra Rodante Zone) and drill the epithermal system. The epithermal system is covered by a large silica cap that runs over a strike length of more than two kilometres.

“We built about 32 kilometres of road up in the mountains. All the drill pads and the drill went in there last February,” he says.

“We’ve been working all our properties hard since we brought them into our portfolio but I would emphasize Standard Gold-Duverny and also Chivas. We had a write-up last year from Canaccord’s Wendell Zerb, who called us one of his top picks for juniors for 2011. What turned him on was this project in Mexico.”

View Company Profile

Contact:
Bowmore Exploration Inc
Paul A. Dumas
President/CEO
514.861.4441

Threegold Resources Inc
Victor Goncalves
President/CEO
204.997.5517
or Sylvain Laberge
Investor Relations
514.702.9841

by Greg Klein

Partner Content

March 30th, 2012

Why Gold Should Thrive by VantageWire
Gold Equities Gaining Credibility: Doug Groh by The Gold Report
Vaulted Gold – Facts and Figures by GoldSeek
Mining 101: Structural Geology by Equedia
FutureMoney Trends: Debt Slavery by The Grandich Report

Cayden reports Mexico Assays including 1.02 g/t Gold, 209 g/t Silver over 41.7m

March 30th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningCayden Resources Inc TSXV:CYD announced drill results from the Las Calles target of its Morelos Sur property in Mexico. Highlights include

1.56 g/t gold and 74 g/t silver over 12.2 metres
1.64 g/t gold, 90 g/t silver and 0.43% copper over 5 metres
1.02 g/t gold, 209 g/t silver and 0.38% copper over 41.7 metres

President/CEO Ivan Bebek remarked, “We are very pleased to see the hypothesized deeper zone at our Las Calles target return such significant mineral values between two producing pits. The success of the holes in the Las Calles target give room for significant value to be added in the near term. We are also very pleased to see the increasing strength of the La Magnetita target ahead of an initial 6000-metre drill program.”

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Contact:
Ivan Bebek
President/CEO
604.683.8193

by Ted Niles

Selwyn reports Yukon Zinc Assays including 7.57% over 51m

March 30th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningSelwyn Resources Ltd TSXV:SWN announced assays from the XY Central deposit of its Selwyn project in Yukon. Results include

7.57% zinc and 2.65% lead over 51 metres
(including 26.41% zinc and 10.34% lead over 7 metres)
8.35% zinc and 2.76% lead over 27.9 metres
(including 25.02% zinc and 10.17% lead over 4.4 metres)
10.22% zinc and 5.45% lead over 31.1 metres
(including 22.5% zinc and 16.26% lead over 5.1 metres)

President/CEO Harlan Meade stated, “The assay results from the metallurgical drilling program at XY Central deposit continue to demonstrate the strong continuity of high-grade mineralization in the XY Central deposit.”

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Contact:
Harlan Meade
President/CEO
604.801.7240

or Catalin Chiloflischi
Manager, Investor Communications
604.801.7240

by Ted Niles

Largo reports Brazil Vanadium Assays as high as 1.07% over 27m

March 30th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningLargo Resources Ltd TSXV:LGO announced results from its Maracas vanadium project in Bahia, Brazil. Assays include

1.07% vanadium over 27 metres
1.13% over 20 metres
1.09% over 7 metres
1.03% over 12 metres
1.1% over 9 metres
1.05% over 12 metres

VP Exploration Andy Campbell commented, “I am very pleased with the results that the recently completed drill program has produced and anticipate that this program will lead to a significant increase in the global resources at the project. We targeted specific stepout holes away from the Gulcari “A” deposit which have led to some of what we believe are considerable extensions to the existing resource. With the drill program completed we are now focused on incorporating these new results into our database and updating our geological model in order to produce a new mineral resource for the project.”

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Contact:
Darcie Ladd
Manager, Business Development
416.861.9406

by Ted Niles

Partner Content

March 29th, 2012

Gold’s Real Price and the Investment Case for Miners by GoldSeek
Fatal Flaws and Opportunities in Gold Investing: Brent Cook by The Gold Report
Gold Yearbook 2012 by Equedia
The Hottest Market is Graphite by VantageWire
Broke, Insolvent, Collapsing by The Grandich Report

Goldgroup reports Mexico Tunnel Samples including 1.13 g/t gold over 49.4m

March 29th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningGoldgroup Mining Inc TSX:GGA announced tunnel assays from its Caballo Blanco Gold Project in Veracruz State, Mexico. Results for the main tunnel show
1.13 g/t gold over 49.4 metres (channel sample)
1.04 g/t over 49.4 metres (blast sample)

Results for the crosscut tunnel show
1.26 g/t over 28.3 metres (channel sample)
1.17 g/t over 28.3 metres (blast sample)

Goldgroup expects to release initial results of the project’s preliminary economic assessment in mid-April. The company has a draft report but is waiting for final determination of a few key parameters before the results can be issued.

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Contact:
Keith Piggott
President/CEO
604.682.1943

or Stephanie Batory
Investor Relations
877.655.6928

Read feature story on Goldgroup Mining Inc.

by Greg Klein

Edgewater reports Spain Gold Results up to 2 g/t over 66.5m

March 29th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningEdgewater Exploration Ltd TSXV:EDW announced assays from its Corcoesto Gold Project in northwest Spain. Results include

2 g/t gold over 66.5 metres
(including 18.65 g/t over 1.1 metres)
0.73 g/t over 119.8 metres
(including 1.22 g/t over 18.9 metres)
1.91 g/t over 33.5 metres
(including 4.26 g/t over 9.7 metres)
1.38 g/t over 37 metres
1.91 g/t over 20 metres
0.55 g/t over 61.3 metres
2 g/t over 13.8 metres

President/CEO George Salamis commented: “The infill drilling program at Corcoesto continues to confirm good continuity and excellent widths, in some cases surpassing expectations in grades and widths encountered. The current phase of drilling will culminate in the tabling of an updated resource estimate during 3Q which will form an integral part of the ongoing definitive feasibility study being completed by Tetra Tech. In conjunction with our project finance adviser, we are finalizing discussions with several financial institutions for the initial project development capital. The capital requirement will be based on the completion of the feasibility study later this year.”

View Company Profile

Contact:
Ryan King
Vice-President
604.628.1012

by Greg Klein

Bayfield reports Ontario Assays of 5.28 g/t Gold, 77.82 g/t Silver over 10.5m

March 29th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningBayfield Ventures Corp TSXV:BYV announced results from its Burns Block gold-silver project in northwestern Ontario. Assays include

0.6 g/t gold and 7.44 g/t silver over 7 metres
(including 0.94 g/t gold and 12 g/t silver over 1.5 metres)
0.34 g/t gold and 12.77 g/t silver over 4.5 metres
1.31 g/t gold and 2.05 g/t silver over 3 metres
5.28 g/t gold and 77.82 g/t silver over 10.5 metres
(including 11.98 g/t gold and 269.37 g/t silver over 1.9 metres)
0.95 g/t gold and 23.7 g/t silver over 1 metre
0.89 g/t gold and 6.01 g/t silver over 6.5 metres
1.48 g/t gold and 11.93 g/t silver over 32.3 metres
(including 7.75 g/t gold and 52.05 g/t silver over 2.4 metres)

The Burns Block project is located adjacent to Rainy River Resources’ TSX:RR Rainy River gold project.

View Company Profile

Read more about Bayfield Ventures

Contact:
James G. Pettit
Chairman/CEO
604.687.3376

or Don Myers
Director
6604.687.3376

by Ted Niles

NGEx reports Argentina Gold Assays as high as 0.42 g/t over 520m

March 29th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningNGEx Resources Inc TSX:NGQ announced results from its Josemaria project in San Juan province, Argentina. Assays include

0.51 g/t gold over 66 metres
0.35 g/t gold and 0.4% copper over 396 metres
0.38 g/t gold and 0.32% copper over 110 metres
0.67 g/t gold over 38 metres
0.42 g/t gold and 0.54% copper over 520 metres
0.67 g/t gold over 44 metres
0.41 g/t gold and 0.51% copper over 404 metres
0.39 g/t gold and 0.54% copper over 404 metres

President/CEO Wojtek Wodzicki commented, “We are encouraged with the initial results from the Josemaria infill program and are pleased that they appear to confirm the presence of a higher grade core to the deposit. We are also encouraged by the fact that the drilling has better defined a gold-rich portion of the remnant leached cap that overlies part of the deposit. If confirmed by subsequent results both of these zones would have the potential to have a positive impact on the economics of the deposit. The results published today are the first of what is expected to be a steady flow of results from all three projects that will last for the next several months.”

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Contact:
Sophia Shane
Corporate Development
604.689.7842

by Ted Niles