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Posts tagged ‘CB Gold Inc (CBJ)’

Just in from Colombia

September 15th, 2012

A flurry of gold-silver news from the northeast

By Greg Klein

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Since miners rediscovered Colombia a decade ago, explorers have adapted to what are now well-known challenges ranging from environmental concerns and indigenous rights to security. A flurry of recent news from neighbouring projects in the country’s northeastern Vetas-California-Surata gold region shows that interest continues unabated.

On September 14 Galway Resources Ltd TSXV:GWY announced assays from its Vetas Gold-Silver Project, location of the 400-year-old El Volcan Mine.

Underground drilling highlights include

A flurry of gold-silver news from the northeast

Visible gold keeps explorers coming back
to Colombia’s historic mining regions.

  • 157.4 grams per tonne gold and 76.9 g/t silver over 4.15 metres
    (including 470.2 g/t gold and 142 g/t silver over 1.33 metres)
  • 13.5 g/t gold and 129.1 g/t silver over 4.65 metres
    (including 25.6 g/t gold and 18.3 g/t silver over 1.38 metres)
  • 19.5 g/t gold and 16 g/t silver over 1.29 metres
  • 5.7 g/t gold and 42.4 g/t silver over 4.14 metres
    (including 12.8 g/t gold and 116 g/t silver over 1 metre)
  • 5.2 g/t gold over 3.9 metres
    (including 10.7 g/t gold over 1.36 metres)

True widths for underground holes reported so far range from 32% to 92%. A lower cutoff of 2 g/t gold was used for underground holes but no upper cutoff was applied. Intercept depths weren’t provided but the company states it has found gold mineralization nearly 700 metres below the lowest level of the historic mine, to 860 metres below surface.

Surface drilling highlights include

  • 3.6 g/t gold over 3.05 metres
    (including 7.7 g/t gold over 0.92 metres)
  • 4.2 g/t gold over 2.56 metres
    (including 5.3 g/t gold over 1.4 metres)
  • 6.1 g/t gold over 1.31 metres
  • 2.9 g/t gold over 1.43 metres
  • 4 g/t gold over 1 metre

True widths were not available. A cutoff of 0.5 g/t gold was applied to surface holes.

In a statement issued with the results, President/CEO Robert Hinchcliffe said the project might “ultimately be amenable to underground bulk mining methods.”

The company states that 31 of 35 underground holes reported since June 2011 have had at least one result over 10 g/t gold, with a total of 108 such assays. Assays of at least 5 g/t have resulted 171 times.

Galway says its first surface drill hole, reported last March, appears to have intersected the same structure that CB Gold TSXV:CBJ discovered 160 metres away, suggesting CBJ’s Real Minera stockwork zone connects both properties. Although the Galway surface holes reported above were collared on the same platform used for the March results, they were oriented in the opposite direction. Assays fell short of the previous surface holes but the company emphasizes that all recent holes show multiple mineralized intervals over 2 g/t gold. Assays are pending for 11 more surface holes.

Real Minera continues to bear fruit for CB Gold too, as results released September 4 show. Highlights include

  • 78.14 g/t gold (uncut) or 20.94 g/t (using a 60 g/t topcut) or 5.58 g/t (using a 15 g/t topcut) over 3.31 metres
    (including 227.56 g/t (uncut) or 60 g/t (60 g/t topcut) or 15 g/t (15 g/t topcut) over 1.13 metres)
  • 17.29 g/t (uncut) or 5.67 g/t (60 g/t topcut) or 2.68 g/t (15 g/t topcut) over 15.5 metres
    (including 52.05 g/t (uncut) or 16.8 g/t (60 g/t topcut) or 7.73 g/t (15 g/t topcut) over 5.11 metres)
  • 16.97 g/t or 7.23 g/t (15 g/t topcut) over 2.27 metres
    (including 35.86 g/t or 15 g/t (15 g/t topcut) over 1.06 metres)
  • 11.55 g/t or 8.63 g/t (15 g/t topcut) over 2.27 metres
    (including 20.15 g/t or 15 g/t (15 g/t topcut) over 1.29 metres)
  • 7.36 g/t gold or 4.85 g/t gold (15 g/t topcut) over 4.85 metres
    (including 9.02 g/t gold or 6.31 g/t gold (15 g/t topcut) over 3.89 metres)

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CB Gold reports Colombia Gold Assays as high as 56.67 g/t over 1.5m

December 21st, 2011

Resource Clips - essential news on junior gold mining and junior silver miningCB Gold Inc TSXV:CBJ announced assay results from its Vetas gold project in the District of Santander, Colombia. Highlights include

3.9 g/t gold over 6.6 metres
56.67 g/t over 1.5 metres
1.17 g/t over 20.9 metres
1.25 g/t over 3.9 metres
1.02 g/t over 16.3 metres
1.51 g/t over 4.6 metres
4.49 g/t over 8.5 metres
19.85 g/t over 0.5 metres
1.06 g/t over 7.9 metres
3.91 g/t over 2 metres
7.84 g/t over 8.3 metres

CB Gold also announced the acquisition of La Vereda and La Triada properties, also in the Vetas Mining District. CEO Fabio Capponi commented, “We are very pleased to confirm the extension of the previously reported zones of high-grade mineralization at Real Minera, which has considerably expanded the size and potential of the Vetas Gold Project. Additional drilling and structural geology work has greatly improved our understanding of the Vetas Gold Project and will be helpful in focusing our expanded drilling program for 2012. Through the new property acquisitions consolidating our position in the Vetas District and the continuing exploration program, the company continues to pursue its strategy of delivering additional value to its shareholders.”

View Company Profile

Contact:
Fabio Capponi
CEO
604.630.5870

or Orin Baranowsky
VP Investor Relations
416.847.1845

by Ted Niles

CB Gold reports Colombia Gold Assays up to 7.57 g/t over 115m

October 24th, 2011

Resource Clips - essential news on junior gold mining and junior silver miningCB Gold Inc TSXV:CBJ announced results from its Vetas gold project in the District of Santander, Colombia. Assays include

7.57 g/t gold over 115 metres (including 17.17 g/t over 40.9 metres)
1.63 g/t over 13.2 metres

CEO Fabio Capponi stated, “We are very pleased to have discovered large zones of high grade mineralization at Real Minera, considerably expanding the size and potential of the Vetas Gold Project. We are also very encouraged by the continued interception of visible gold in drillholes at both the Real Minera and El Dorado Zones and look forward to publishing these results in the near future.”

Update: On November 8, 2011, CB Gold issued a clarification providing topcut grades for the first result. The 60 g/t gold topcut is based on resource estimates for nearby deposits, while an arbitrary cutoff of 15 g/t is also provided.

7.57 g/t gold (without topcut) or 2.54 g/t (60 g/t topcut) or 1.2 g/t (15 g/t topcut)
(including 17.17 g/t (without topcut) or 4.05 g/t (60 g/t topcut) or 1.75 g/t (15 g/t topcut))

View Company Profile

Contact:
Fabio Capponi
CEO
604.630.5870

or Orin Baranowsky
VP Investor Relations
416.847.1845

by Ted Niles and Greg Klein