Saturday 23rd September 2017

Resource Clips


Posts tagged ‘Gold Canyon Resources Inc (GCU)’

Aurvista Gold to expand BOD, add advisory committee to further Abitibi project

July 24th, 2017

by Greg Klein | July 24, 2017

Update: On July 27 Aurvista Gold announced its technical advisory committee members.

Following an extensive drill program and ahead of an August 15 AGM, Aurvista Gold TSXV:AVA presented a lineup of nominees for an expanded board of directors and announced a management appointment to help advance the Douay project in Quebec’s Abitibi. Still to be named are personnel for a newly created technical advisory committee.

Aurvista Gold to expand BOD, add advisory committee to further Abitibi project

Aurvista hopes Highway 109 leads
to the “next big Canadian gold story.”

A veteran of Ivanhoe Mines TSX:IVN and its predecessor Ivanplats, David Broughton shared PDAC’s Thayer Lindsley and the Association for Mineral Exploration’s Colin Spence awards for major discoveries of copper at Kamoa, Democratic Republic of Congo, and PGMs at Flatreef, South Africa. Closer to Douay, he’s worked on mining projects in the Casa Berardi, Joutel, Timmins and Kirkland Lake areas. After retiring from his full-time position with Ivanhoe, Broughton became the company’s senior adviser of exploration and geology. He also works as a consultant for other companies.

Jay Chmelauskas acts as a corporate development consultant for Lithium Americas TSX:LAC after serving a number of roles including technology development, permitting, engineering, financing, construction and commissioning with one of the company’s predecessors, Western Lithium USA. As president/CEO of Jinshan Gold Mines, he led the development of China’s largest gold-producing operation and led exploration efforts that have since brought about an additional gold mine in China.

Pierre Lebel serves as chairperson of Imperial Metals TSX:III and a director of West Kirkland Mining TSXV:WKM. Holding an MBA as well as a law degree, he was named the Mining Association of British Columbia’s 2012 Mining Person of the Year and received AME’s E.A. Scholz medal for outstanding contribution to mine development in B.C.

With over 20 years of mining finance experience, Akiko Levinson has led Irving Resources CSE:IRV and Gold Canyon Resources TSXV:GCU, as well as serving as a director of Novo Resources TSXV:NVO.

Janine North’s background includes managing logging and trucking companies, as well as Crown land tenures in B.C. A former AME director who recently retired as the CEO of the Northern Development Initiative Trust, she currently serves as a director of Conifex Timber TSX:CFF and BC Hydro.

We are focused on building the next big Canadian gold story. Establishing an independent and diverse board with experience discovering world class deposits and leading top tier companies puts Aurvista in the best possible position to achieve success.—Matthew Hornor,
Aurvista Gold president/CEO

A 35-year metallurgical engineer, Maurice Tagami acts as VP of mining operations for Wheaton Precious Metals TSX:WPM, where he’s responsible for maintaining partnerships with 21 mines and eight development projects. He also served as president/CEO of Asanko Gold TSX:AKG predecessor Keegan Resources up to July 2012.

Aurvista president/CEO Matthew Hornor will be the company’s sole management nominee for the board. Running for re-election will be chairperson Gerald McCarvill and directors Edmund King and Sean Charland.

Joining the company as VP of corporate development, Joness Lang’s most recent experience includes six years with prospect generator Riverside Resources TSXV:RRI, where he co-led equity financings, built joint ventures and strategic alliances, and negotiated numerous gold and silver acquisitions.

Aurvista plans to announce a newly created technical advisory committee made up of “personnel covering all of the key disciplines required to bring the Douay gold project to the next level,” Hornor stated.

“We are focused on building the next big Canadian gold story,” he added. “Establishing an independent and diverse board with experience discovering world class deposits and leading top tier companies puts Aurvista in the best possible position to achieve success.”

The news follows a backlog of assays released last week from a 59-hole, 23,965-metre campaign on the 30,500-hectare property and recent financings that closed on $10.1 million.

Red Lake reports

April 8th, 2013

Confederation/Redstar and Rubicon work towards Ontario gold PEAs

by Greg Klein

Next Page 1 | 2

Should Newman Todd begin with a small starter pit or go directly underground? That’s the question Confederation Minerals TSXV:CFM will address with its just-commissioned preliminary economic assessment, to be released later this year. On April 8 the company announced another batch of assays from its winter drill campaign in northwestern Ontario’s Red Lake Greenstone Belt. Some highlights include:

  • 1.92 grams per tonne gold over 36 metres, starting at 103 metres
  • (including 7.56 g/t over 1 metre)
  • 1.3 g/t over 38 metres, starting at 75 metres
  • (including 9.1 g/t over 1 metre)
  • 2.62 g/t over 19 metres, starting at 202 metres
  • (including 10.9 g/t over 1 metre)
  • 63.1 g/t over 0.5 metres, starting at 297 metres
  • 1.21 g/t over 22 metres, starting at 297 metres
  • (including 8.66 g/t over 1 metre)
  • 1.82 g/t over 16 metres, starting at 53 metres
  • (including 2.54 g/t over 9 metres).
Confederation/Redstar and Rubicon work towards Ontario gold PEAs

Mineralization closer to surface distinguishes
Newman Todd from other Red Lake projects.

The down-hole depths provided don’t reflect vertical depths. Intercept true widths weren’t available. No topcut was applied to assays.

Confederation describes the Newman Todd structural/alteration system as approximately 200 metres in width, with significant intercepts to depths of 850 metres from surface. Most of the April 8 assays came from drilling “within a relatively restricted area” about 200 metres along the zone’s strike length and at least 50 metres on sections perpendicular to strike, the company added. The maiden resource and PEA will focus on the project’s Hinge zone.

“One of the things with Red Lake and this type of geology is that it tends towards more vertically oriented systems,” Confederation president/director Brian Bapty tells ResourceClips. “But we have a very, very long strike length of 1.8 kilometres with good grades near surface. So if you look at other people drilling at Red Lake, they tend to be drilling quite deep. We can find near-surface ounces, which are cheaper to drill, but they don’t speak to the size of the opportunity.”

With size, however, comes challenges. “One of the problems of having a strike length of 1.8 kilometres by at least a kilometre deep is that it would take us years and cost millions to drill the entire thing out. So we want to focus our business plan on the most economic ounces, on what’s the best way forward—a starter pit or direct to underground. Answering those questions early is important to us.”

More assays are pending and drilling continues. Winter allows work on a frozen lake and marsh, Bapty points out. “After break-up we can move back onto solid ground.”

Confederation funds and operates the project under option with Redstar Gold TSXV:RGC. With its initial $5-million work requirement already complete, Confederation can achieve a 50% interest by paying Redstar $75,000 and 150,000 Confed shares. The PEA, along with another 500,000 shares, would boost Confederation’s portion to 70%.

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Gold Canyon reports Ontario Gold Assays up to 1.5 g/t over 343m, 0.97 g/t over 323.5m

June 22nd, 2012

Resource Clips - essential news on junior gold mining and junior silver miningGold Canyon Resources Inc TSXV:GCU announced the first assay results from its barge drilling program at its 100%-controlled Springpole Gold Project located 110 kilometers northeast of the Red Lake Mining Camp in Ontario. Highlights include:

1.5 grams per tonne gold over 343 metres
(including 3.44 g/t gold over 108 metres)
(including 5.27 g/t gold over 30 metres)
0.63 g/t gold over 210 meters
(including 1.24 g/t gold over 32 metres)
0.8 g/t over 116.9 metres
0.97 g/t gold over 323.5 metres
(including 2.41 g/t gold over 36 metres)
0.53 g/t gold over 213 metres
9.88 g/t gold over 8 metres

Director and technical advisor Quinton Hennigh commented, “Our first results from stepout barge drilling are very encouraging. Recent results clearly indicate the Portage Zone extends to the 0 to 250 meter section. In addition, hole SP12-146 is the first hole to demonstrate higher grades persist into this area. Over the remainder of this year, we plan to pursue stepout and infill drilling to expand the southeastern extension of the Portage Zone.”

View Company Profile

Leo Karabelas
Investor Relations
416.543.3120

by Jay Currie

Gold Canyon reports Ontario Gold Assays as high as 1.58 g/t over 330m

May 3rd, 2012

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

0.44 g/t over 18 metres
1.58 g/t gold over 330 metres (including 4.15 g/t over 48 metres)
0.53 g/t over 69.5 metres
0.71 g/t over 79 metres

Director Quinton Hennigh commented, “We are extremely pleased that barge drilling is now underway. Hole SP12-122 demonstrates the robust width and grade of the Portage Zone in the southeast portion of the system. Given these and other recent strong results from this area, we are anxious to undertake an aggressive drill plan here that we think will quickly increase the size of the deposit.”

View Company Profile

Contact:
Leo Karabelas
Investor Relations
416.543.3120

by Ted Niles

Gold Canyon reports Ontario Gold Assays up to 1.93 g/t over 188m

April 25th, 2012

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 Ontario. Results include

0.72 g/t gold over 81 metres
1.3 g/t over 24 metres
3.07 g/t over 4 metres
1.11 g/t over 115.6 metres
1.11 g/t over 78 metres
3.25 g/t over 8 metres (including 15.61 g/t over 1 metre)
0.77 g/t over 115.7 metres
1.93 g/t over 188.3 metres (including 18.17 g/t over 3 metres)
18.02 g/t over 7 metres (including 41.37 g/t over 3 metres)
1.54 g/t over 19.5 metres

Director Quinton Hennigh commented, “We are pleased to see many of these recent drill holes demonstrate good continuity of mineralization beneath the current NI 43-101 compliant resource. We are also intrigued by the new high-grade zone discovered between the Portage and East Extension zones. Hole SP12-120 provides our first strong evidence for the extension of the Portage Zone to the southeast. We have aggressive plans to follow up on all of these results once our barge-based drill campaign begins in a couple weeks.”

View Company Profile

Contact:
Leo Karabelas
Investor Relations
416.543.3120

by Ted Niles

Gold Canyon reports Ontario Results as high as 1.83 g/t Gold over 283m

March 13th, 2012

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 northwest Ontario. Results include

1.83 g/t gold over 283 metres
(including 3.57 g/t over 99.6 metres)
2.03 g/t over 121 metres
(including 4.01 g/t over 41 metres)
0.98 g/t over 50 metres
0.8 g/t over 51 metres
1.09 g/t over 30.5 metres
0.59 g/t over 33 metres
0.38 g/t over 42 metres
(including 1.06 g/t over 6 metres)

Technical Adviser/Director Quinton Hennigh remarked, “We are pleased to see our initial results from 2012 further demonstrate good continuity of mineralization at Springpole. None of the holes in this news release were included in our recently released 43-101-compliant resource estimate but will be used in a revised estimate scheduled to be released later in 2012. Assays from these holes are a good start to our aggressive 2012 drill program already underway.”

View Company Profile

Contact:
Akiko Levinson
President/Director
604.682.3234
888.242.3234

by Greg Klein

Gold Canyon reports Ontario Springpole Project Resource Estimate

February 29th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningGold Canyon Resources Inc TSXV:GCU announced that it has updated the NI 43-101 resource estimate for its Springpole gold project northeast of Red Lake, Ontario. Springpole now has indicated resources of 30 million tonnes grading 1.26 g/t gold and 5 g/t silver for contained ounces of 1.22 million gold and 4.82 million silver. The project has inferred resources of 60 million tonnes at 1.27 g/t gold and 6 g/t silver for 2.45 million ounces gold and 11.58 million ounces silver.

Director Quinton Hennigh commented, “The very positive news announced today is a testament to careful geological modelling, the hard work of project management and staff, and to the tenacity of Gold Canyon’s management. Although the large size of this resource is impressive, we feel that the gold and silver grades are an equally important reflection of the high quality of the Springpole Project. This resource gives us a solid foundation upon which we believe we can quickly build significant upside through ongoing drilling in near-surface areas proximal to this resource, along the strike of the Portage Zone to the southeast, and at depth where drilling has recently encountered higher-grade mineralization.”

View Company Profile

Contact:
Akiko Levinson
President/Director
604.682.3234

or Leo Karabelas
Investor Relations
416.543.3120

by Ted Niles

Gold Canyon reports Ontario Gold Assays up to 1.66 g/t over 148m

December 14th, 2011

Resource Clips - essential news on junior gold mining and junior silver miningGold Canyon Resources Inc TSXV:GCU announced results from its Springpole Gold Project in the Red Lake Mining District of Ontario. Highlights include

1.66 g/t gold over 148 metres
(including 5.94 g/t over 24 metres)
1.67 g/t over 121 metres
(including 3.21 g/t over 37 metres)
2 g/t over 90 metres
(including 3.74 g/t over 40.5 metres)
0.8 g/t over 176 metres
(including 2.01 g/t over 19.5 metres)
0.79 g/t over 91 metres
(including 1.65 g/t over 12 metres)
0.62 g/t over 77.5 metres

Technical Adviser/Director Quinton Hennigh remarked, “We are very pleased to now have all the gold assays needed to complete our revised NI 43-101-compliant resource at Springpole. The results from these holes are very encouraging and are consistent with the many long intercepts of gold mineralization that we have reported since the beginning of our drilling campaign here 22 months ago.”

View Company Profile

Contact:
Akiko Levinson
President/Director
604.682.3234
888.242.3234

or Leo Karabelas
Investor Relations
416.543.3120

by Greg Klein

Gold Canyon reports Ontario Gold Assays up to 1.48 g/t over 257m

December 7th, 2011

Resource Clips - essential news on junior gold mining and junior silver miningGold Canyon Resources Inc TSXV:GCU announced assays from the Portage zone of its Springpole gold project in Ontario. Results include

1.14 g/t gold over 7 metres
0.85 g/t over 194.5 metres (including 1.03 g/t over 146.5 metres)
0.71 g/t over 142.5 metres (including 12.69 g/t over 1 metre)
1.73 g/t over 16 metres
1.48 g/t over 257 metres (including 3.03 g/t over 37 metres)
2.44 g/t over 13.5 metres

Director/Technical Advisor Quinton Hennigh commented, “We are preparing to move Springpole forward aggressively in 2012. The addition of SRK Consulting, SGS Lakefield and Mr. Fallat to our existing team puts us in an excellent position to complete our PEA during the second half of 2012. Meanwhile, we eagerly await final assays for the remaining holes required for our NI 43-101-compliant resource estimation.”

View Company Profile

Contact:
Akiko Levinson
President/Director
604.682.3234

or Leo Karabelas
Investor Relations
416.543.3120

by Ted Niles

Gold Canyon reports Ontario Results as high as 1.87 g/t Gold over 310m

November 16th, 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. Highlights include

1.87 g/t gold over 310 metres
(including 3.3 g/t over 129 metres)
0.83 g/t over 334.5 metres
(including 7.53 g/t over 9 metres)
0.82 g/t over 229 metres
(including 3.09 g/t over 22 metres)
0.96 g/t over 194 metres
(including 1.94 g/t over 13 metres)
0.77 g/t over 131 metres
(including 2.52 g/t over 19.5 metres)
0.82 g/t over 122.6 metres
(including 2.09 g/t over 23 metres)

Technical Adviser/Director Quinton Hennigh commented, “We continue to be very pleased with the long gold intercepts from Springpole. Our barge drill program was remarkable in producing much needed infill drilling for our upcoming NI 43-101-compliant resource estimate. Gold Canyon wishes to acknowledge appreciation to our technical team and drillers for successfully completing this challenging undertaking.”

View Company Profile

Contact:
Akiko Levinson
President/Director
604.682.3234
888.242.3234

by Greg Klein