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Resource Clips

Posts tagged ‘Golden Tag Resources Ltd (GOG)’

In Both Camps

May 8th, 2012

Amseco pursues Gold and Graphite in Quebec and Ontario

By Greg Klein

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Ask Jean Desmarais to name Amseco Exploration’s TSXV:AEL flagship and the President/CEO replies, “Man, that’s a good question. That’s a very good question. I would say that I have a few of them.” His answer reflects not a lack of focus but rather an abundance of gold and graphite properties in Quebec and Ontario.

Just last month, the company announced a 1,500-metre drill campaign on its Cookie Monster Gold Project, a 50/50 JV with Vantex Resources TSXV:VAX. Located in the prolific Fancamp deformation corridor of north Quebec’s Chapais-Chibougameau region, the 1,445-hectare property’s neighbours include the Monster Lake Project. Last August, while undergoing drilling by Stellar Pacific TSXV:SPX, the property showed results up to 76.53 grams per tonne gold over 2 metres. Then, on April 11, Monster Lake’s current owner, TomaGold TSXV:LOT, hit an intersection of 237.6 g/t gold over 5.7 metres. “Unfreaking believable,” exclaims Desmarais. “The whole region should boom, and I have a property right there.”

Amseco pursues Gold and Graphite in Quebec and Ontario

Quartz veining: At Cookie Monster Gold Project, Amseco's JV with Vantex.

Clearly, Amseco will not abandon gold for graphite, even though the company recently picked up its second set of graphite acquisitions. In March, the company got a 100% interest in the 469-claim, 25,362-hectare Tetepisca properties. The carbon-rich region is accessible by Highway 389 and logging roads, about 25 kilometres from north Quebec’s Manic-Cinq hydroelectric dam and 215 kilometres from the deep-sea port of Baie-Comeau. Other companies in the region include Cliffs Natural Resources CLF, Focus Metals TSXV:FMS and St-Georges Platinum CNX:SX.

“It happens to be a region I know quite well because the First Nations are great friends of mine,” Desmarais explains. “As their mining expert, I represent them in their conflict with the government.”

Amseco had teamed up with St-Georges only two weeks earlier for a 50/50 JV on two packages containing 10,110 hectares of graphite prospects. The Tetepisca West, Canadian Goose and Wooden Lake properties lie in the same region as Tetepisca proper. The Southern Properties consist of the Pike River, Lake 222 and the Polynesian Lake graphite properties, about 120 kilometres from Baie-Comeau. The properties were acquired by staking government lands, thereby avoiding dilution to existing shareholders.

Although graphite stock prices have pulled back since their April highs, Desmarais remains confident about the long-term potential. “I think the next decade will belong to graphite,” he says. “I don’t think it’s just a uranium or lithium play; I think it’s a long-term investment.” The carbon allotrope is currently used primarily in the steelmaking industry but future projections tie it to increasing demand in such energy technologies as fuel cells, solar panels, pebble-bed nuclear reactors, vanadium-redox batteries and lithium-ion batteries. Even discounting next-generation projections, cutbacks in exports from China—which produces about 80% of world supply—will require new mines to open elsewhere.

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Golden Minerals, Golden Tag report Mexico Results of 81 g/t Silver over 14.4m

December 12th, 2011

Resource Clips - essential news on junior gold mining and junior silver miningGolden Minerals Company TSX:AUM in joint venture with Golden Tag Resources Ltd TSXV:GOG announced assays from their San Diego Property in Durango State, Mexico. Highlights include

81 g/t silver, 0.17 g/t gold, 1.8% lead and 1.7% zinc over 14.4 metres
(including 127 g/t silver, 0.24 g/t gold, 2.8% lead and 2.6% zinc over 6.4 metres)
46 g/t silver, 0.8% lead and 0.8% zinc over 18.7 metres
(including 118 g/t silver, 0.25 g/t gold, 2.4% lead and 1.6% zinc over 2.3 metres)
88 g/t silver, 0.8% lead and 3.2% zinc over 9 metres
106 g/t silver, 2% lead and 1.2% zinc over 6.1 metres
88 g/t silver, 0.11 g/t gold, 1.7% lead and 1.8% zinc over 7.4 metres
50 g/t silver, 0.4% lead and 1.4% zinc over 12.7 metres
112 g/t silver, 0.47 g/t gold, 2.5% lead and 2% zinc over 5 metres

Golden Tag spent US$1.5 million to earn a 50% interest in the San Diego Property from Golden Minerals, formerly ECU Silver Mining Inc. Golden Minerals is project operator.

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Golden Minerals Company
Jerry W. Danni
Executive VP

Golden Tag Resources Ltd
Marc A. Carrier

by Greg Klein

Golden Tag, Golden Minerals report Mexico Silver Assays of 61 g/t over 191.5m

November 16th, 2011

Resource Clips - essential news on junior gold mining and junior silver miningGolden Tag Resources Ltd TSXV:GOG in joint venture with Golden Minerals Company TSX:AUM announced drill results from the San Diego project in Durango State, Mexico. Highlights include

670 g/t silver over 1.9 metres
293 g/t over 4.1 metres
68 g/t over 6.3 metres
29 g/t over 40.7 metres
42 g/t over 117.1 metres
71 g/t over 48.3 metres
82 g/t over 15.1 metres
48 g/t over 15.2 metres
80 g/t over 16.3 metres
103 g/t over 11.2 metres
63 g/t over 16 metres
61 g/t over 191.5 metres
189 g/t over 24.6 metres
39 g/t over 184.7 metres
32 g/t over 276.6 metres

The San Diego project is a 50/50 joint venture between Golden Tag and Golden Minerals. The project has an NI 43-101 resource estimate of 4.25 million ounces silver equivalent in the indicated category and 214.3 million ounces silver equivalent inferred.

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Golden Tag Resources Ltd
Marc A Carrier

by Ted Niles