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Resource Clips


Posts tagged ‘Seafield Resources Ltd (SFF)’

Tightening the resources

February 6th, 2013

Infill drilling advances gold-silver projects for Seafield and Eco Oro in Colombia

by Greg Klein

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Gold mineralization on this core from Seafield’s Miraflores deposit is associated with the light grey cement material

Gold mineralization on this core from Seafield’s Miraflores deposit
is associated with the light grey cement material.

 

Infill drilling has brought Seafield Resources TSXV:SFF closer to an updated resource and eventual feasibility for its Miraflores deposit in Risaralda department, Colombia. Highlights from five holes released February 6 include:

  • 0.69 grams per tonne gold and 1.68 g/t silver over 60 metres
  • (including 1.03 g/t gold and 2.63 g/t silver over 13 metres)
  • 0.47 g/t gold and 1.5 g/t silver over 120.3 metres
  • (including 0.89 g/t gold and 1.83 g/t silver over 26.8 metres)
  • 0.35 g/t gold and 0.96 g/t silver over 51.9 metres
  • 0.45 g/t gold and 1.63 g/t silver over 37.15 metres
  • 0.52 g/t gold and 0.91 g/t silver over 48.4 metres
  • 0.5 g/t gold and 2.16 g/t silver over 60.6 metres
  • 0.46 g/t gold and 1.41 g/t silver over 11 metres
  • 1.29 g/t gold and 1.69 g/t silver over 57.3 metres
  • (including 2.63 g/t gold and 2.61 g/t silver over 15.5 metres).

True widths weren’t provided. The top-most intercepts began near surface while the deepest stopped at a down-hole depth of 240 metres. The company released only continual intervals of mineralization above 6 metres with a cutoff of 0.2 g/t gold.

“The deposit’s mineralization is characterized by a hydrothermal breccia pipe with free gold associated with cement materials (the matrix) and high-grade structures where gold is associated with zinc, lead, copper and iron,” the company stated. These results “confirm the continuity of high-grade mineralization in structures and lower-grade mineralization in the breccia pipe cement and matrix.”

Rugged terrain characterizes Seafield Resources’ Quinchia gold project in west-central Colombia

Rugged terrain characterizes the Quinchia
gold project in west-central Colombia.

So far the campaign has drilled nearly 2,000 metres of a planned 6,800-metre infill program. Updates for both the resource estimate and PEA are scheduled for Q2. A feasibility study and environmental and social impact assessment are slated for Q4. The company hopes to begin production in 2015.

Miraflores’ December 2011 resource shows measured and indicated categories totalling 1.9 million gold ounces and an inferred estimate of 103,043 ounces.

Last April’s PEA used an 8% discount rate to estimate a pre-tax net present value of $249 million and a 50% internal rate of return. With an initial capex of $93.7 million for the combined open pit and underground operation, payback was projected in just 1.8 years.

The Miraflores deposit forms part of Seafield‘s 6,757-hectare Quinchia gold project in west-central Colombia, 100 kilometres south of Medellin. The company completed its 100% earn-in last November.

Seafield stock opened February 6 at $0.11, half a cent above its previous close, then finished the day back at $0.105.

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Seafield reports Colombia Gold Assays up to 3.23 g/t over 161.1m, 2.11 g/t over 22.9m

July 30th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningSeafield Resources Ltd TSXV:SFF reported gold assays from its Miraflores Deposit in Quinchía District, Colombia. Highlights include

3.23 grams per tonne gold over 161.15 metres
(including 5.48 g/t gold over 60 metres)
0.38 g/t gold over 13 metres
0.32 g/t gold over 15.6 metres
0.95 g/t gold over 28.9 metres
3.89 g/t gold over 16 metres
2.11 g/t gold over 22.85 metres

President/CEO Cesar Lopez commented, “We are extremely pleased with the results of drill-hole QM-DH-34. This confirms the merit of the underground drill program that we are planning to initiate in 1Q 2013. The next phase of drilling will be a key component in the process of moving Miraflores towards feasibility level.”

View Company Profile

David MacMillan
Investor Relations
416.361.3434 x 202

by Kevin Michael Grace

Seafield reports Colombia Results as high as 1.06 g/t Gold, 0.11% Copper over 121.8m

March 15th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningSeafield Resources Ltd TSXV:SFF announced assays from the Dosquebradas Deposit of its Quinchia Gold Project in Risaralda Department, Colombia. Highlights include

1.06 g/t gold and 0.11% copper over 121.8 metres
(including 1.27 g/t gold and 0.14% copper over 42.7 metres)
0.58 g/t gold and 0.07% copper over 141.8 metres
(including 0.83 g/t gold and 0.11% copper over 38.1 metres)
0.58 g/t gold and 0.06% copper over 137.4 metres
(including 0.74 g/t gold and 0.07% copper over 85.3 metres)
0.46 g/t gold and 0.03% copper over 100 metres
(including 0.72 g/t gold and 0.03% copper over 35.3 metres)
0.31 g/t gold and 0.02% copper over 82.1 metres
0.34 g/t gold and 0.01% copper over 74.2 metres

President/CEO Cesar Lopez commented, “The results from Dosquebradas are most encouraging and support our team’s ongoing efforts to uncover the resource potential in our concession. With the release of our Miraflores Deposit’s Preliminary Economic Assessment on the horizon, we look forward to continuing to validate the value of our project.”

View Company Profile

Contact:
David MacMillan
Investor Relations
416.361.3434 x 202

by Greg Klein

Seafield reports Colombia Gold Assays up to 1.05 g/t over 167.8m

January 25th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningSeafield Resources Ltd TSXV:SFF announced assays from its Miraflores deposit in Risaralda Department, Colombia. Results include

1.05 g/t gold over 167.8 metres (including 2.94 g/t over 44.1 metres)
0.52 g/t over 107.1 metres (including 3.02 g/t over 6.5 metres)
0.78 g/t over 161 metres (including 0.95 g/t over 36.3 metres)
0.86 g/t over 20 metres (including 0.86 g/t over 20 metres)

President/CEO Cesar Lopez stated, “We are excited that our drilling at Miraflores continues to expand the deposit’s resource potential. With an update of Miraflores’ resource estimate on the horizon, we will continue our efforts to grow the deposit’s resource and move the project forward.”

View Company Profile

Contact:
David MacMillan
Investor Relations
416.361.3434 x 202

by Ted Niles

Seafield reports Colombia Gold Assays including 1.31 g/t over 110.4m

January 9th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningSeafield Resources Ltd TSXV:SFF announced results from the Miraflores prospect of its Quinchia gold project in Colombia. Assays include

2 g/t gold over 13.5 metres
1.31 g/t over 110.4 metres (including 2.11 g/t over 26 metres)
0.75 g/t over 63.6 metres (including 1.21 g/t over 20.2 metres)
0.69 g/t over 66.4 metres (including 1.05 g/t over 29.8 metres)
0.8 g/t over 10.3 metres
0.97 g/t over 114.3 metres
0.87 g/t over 16.3 metres
0.73 g/t over 167.2 metres
1.22 g/t over 35.8 metres
0.6 g/t over 128.3 metres (including 0.91 g/t over 34.7 metres)

President/CEO Cesar Lopez commented, “We are extremely pleased with these results, which will be incorporated in a resource update for Miraflores to be announced this month. The PEA for Miraflores is scheduled for completion by Q1 2012.”

View Company Profile

Contact:
David MacMillan
Investor Relations
416.361.3434 x 202

by Ted Niles

Seafield reports Colombia Gold Assays as high as 1.71 g/t over 17.4m

November 1st, 2011

Resource Clips - essential news on junior gold mining and junior silver miningSeafield Resources Ltd TSXV:SFF announced drill results from its Miraflores prospect in Quinchia District, Colombia. Highlights include

1.71 g/t gold over 17.4 metres
1.43 g/t over 16.3 metres
0.83 g/t over 55.1 metres
0.85 g/t over 20.5 metres
0.64 g/t over 42.7 metres
0.8 g/t over 261.9 metres (including 1.45 g/t over 43.1 metres)

The Miraflores prospect has an NI 43-101 mineral resource estimate of 1.23 million ounces gold measured and indicated, and 354,512 ounces inferred.

View Company Profile

Contact:
David MacMillan
Investor Relations
416.367.4571 x 226

by Ted Niles

Seafield reports Colombia Gold Assays up to 1.19 g/t over 52.4m

October 24th, 2011

Resource Clips - essential news on junior gold mining and junior silver miningSeafield Resources Ltd TSXV:SFF announced results from its Dosquebradas prospect in the Quichia district, Colombia. Assays include

1.19 g/t gold over 52.4 metres
1.59 g/t over 15.5 metres
1.11 g/t over 20.9 metres
0.51 g/t over 67.6 metres
0.69 g/t over 119.1 metres
0.59 g/t over 62.1 metres

President/CEO Cesar Lopez commented, “The initial results from our Phase II drill program at Dosquebradas are encouraging and highlight, further, the existence of gold mineralization. Our hope is that further results will provide sufficient information to produce, at the minimum, an inferred resource estimate within the next three months.”

View Company Profile

Contact:
David MacMillan
Investor Relations
416.367.4571 x 226

by Ted Niles

Seafield reports Colombia Gold Assays of 1.0 g/t over 369.7m

February 14th, 2011

Seafield Resources Ltd TSXV:SFF announced assays from the Miraflores Property of its Quinchia Gold Project in Risaralda, Colombia. Results include 0.57 g/t gold over 78 metres (including 0.94 g/t over 41 metres), 0.49 g/t over 255 metres (including 1.23 g/t over 17.7 metres), 0.47 g/t over 243.7 metres, 1 g/t over 369.7 metres (including 2.42 g/t over 93.1 metres) and 0.54 g/t over 242.4 metres (including 1.18 g/t over 71.8 metres).

President Anthony Roodenburg commented, “We are very pleased with these results. The new holes on the south side of the breccia body show that it is expanding to the south and to depth as well as carrying some impressive gold widths and grades. Surface work continues across the Quinchia property and several areas of gold, copper and molybdenum soil geochemical anomalies have been identified. These are excellent drill targets for gold-rich porphyry mineralization. We expect to have a second drill working at the Santa Sofia target before month end.”

View Company Profile

Contact:
Dean Stuart
Investor Relations
403.517.2270

by Ted Niles