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BMTNF: Plan of Arrangement. Under the Agreement, the Gold Standard Ventures Corp agreed to issue 0.1891 common shares in the capital of Gold Standard Ventures Corp plus $0.08 in cash for each Battle Mountain share held by a Battle Mountain shareholder.
FINRA deleted symbol:
http://otce.finra.org/DLDeletions
Seeing if there is any interest on this board since Battle Mountain reported explorative hole drilling commencing mid Aug. I am assuming they are in the ground now and I am looking to hear results in three or less months. As GSV is approx. 20% share owner of BMt as of May, and going to appr. 30%, I do think they know something could be very positive w/ BMTNF, if only that they bot in low .30s and the share price has since near doubled. GSV is smack on a serious find, advancing well and with great management, IMO. GSV Great discov w/ confirmation in spectacular and historic Carlin Trend, Nevada. Back to Battle Mountain Gold,( of Vancouver, Canada) they have control and ownership of 60% (and rights to earn remain. 40%) of the equally famed Lewis Proj. a land area demarcated in the Nevada, Battle MOUNTAIN area, about 50 miles from Carlin trend. Anyway, from what I gathered ( more DD needed) the warrants (in deal of GSV stock purchase) were used to bring down the BMTNF royalty payments from prior ongoing 5% to 3.5% and seems that will be for ongoig smelt net, so this may be very much of interest to Newmont, who owns the Fortitude/ Phoenix Mine project. If you stand on southern tip of BMt property, and leap, you'll literally fall (way down) into the Newmont mine. The management of BMt is old history, top of the line in discovery/ advancement of world class gold discov/ mining, a collection of men remarkable in coordinated effort/experience. Mr. Awde of GSV has a substantial additive role in the BMt finance advisement due to board posit, due to GSV being high owner of BMTNF. So, theres another huge component. Diff in GSV and BMt is that recent holes of GSV are confirmed, very good hit, and BMt has just initiated drilling this new round of explor. holes. Both companies have been putting together stats and info on numerous explor. drillings from approx 2006,7. All juniors got hit w/ nightmarish problems as gold market fell but these two stayed on it, and each has been able to ramp back up late 2014,15 and explor. and mapping of past substantial drills are commensurate with their present positions. So, if interested, DD is not hard. Each comp. deals in Canada's highest reportong standards, and both businesses are in Vancouver. This I offer because I decided to buy into both not far back and think its now time others be made aware. If I have stated errors, please feel free to bring it up to speed. And why/where you got info. Mine is from comp. web sites and convers. w/ both management reps. Very good and open/candid communic. but getting more busy with progressoion in time and project executions. Thanks, Best to all.
$BMTNF recent news/filings
bullish 0.19
$BMTNF charts
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$BMTNF company information
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Ticker: $BMTNF
$BMTNF extra dd links
## STOCK DETAILS ##
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Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=BMTNF+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=BMTNF+Profile
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## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/BMTNF/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/BMTNF/news - http://finance.yahoo.com/q/h?s=BMTNF+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/BMTNF/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/BMTNF/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/BMTNF/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/BMTNF/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/BMTNF/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/BMTNF/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/BMTNF/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/BMTNF/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=BMTNF+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/BMTNF
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/BMTNF/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/BMTNF
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/BMTNF/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/BMTNF/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/BMTNF/sec-filings
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/BMTNF/filings
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Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/BMTNF/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/BMTNF/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=BMTNF&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=BMTNF
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/BMTNF/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=BMTNF+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=BMTNF+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=BMTNF
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=BMTNF
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=BMTNF+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/BMTNF/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=BMTNF+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/BMTNF.BMTNF
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=BMTNF
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/BMTNF/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/BMTNF/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/BMTNF/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/BMTNF/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/BMTNF
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/BMTNF
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/BMTNF:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=BMTNF
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=BMTNF
Madison Minerals Inc. changed to Battle Mountain Gold Inc., and a one for 4 reverse split:
http://www.otcbb.com/asp/dailylist_detail.asp?d=05/13/2014&mkt_ctg=NON-OTCBB
Someone on another board told me this was a 2,100 bagger a couple years ago.
Is that true??
Thanks foe posting that. Im checking into this one.
MADISON MINERALS ANALYSIS
Madison Minerals Inc. is a gold and silver exploration company with two key assets in its portfolio. Both projects are strategically located next to gold mining projects owned and operated by senior gold mining companies and both projects possess enormous potential.
Mt. Kare Property, Papua New Guinea
The Mt Kare project in Papua New Guinea (PNG) has a resource of approximately 2 million ounces of gold and 20 million ounces of silver. The property is contiguous with and shares a similar geological and structural setting as the world-class Porgera Mine (8.2 million ounces of gold in reserves) owned and operated by Barrick Gold. Mt. Kare hosts an NI 43-101 compliant indicated resource of 1.4 million ounces of gold contained in 18.83 million tonnes grading 2.31 g/t gold and 17.31 g/t silver, using a 1 gram gold-equivalent cutoff grade, plus another 288,000 ounces contained within an inferred resource of 5.75 million tonnes at 1.56 g/t gold and 9.5 g/t silver. Madison worked on the Mt Kare property for close to ten years and has spent in excess of $33,000,000 Canadian to date. Madison Minerals presently owns a 100% interest in the Mt. Kare Property, which includes a 10% interest held in trust for local landowners.
F.W. Lewis property in Nevada
The second asset is the F.W. Lewis property in Nevada and it directly abuts Newmont Mining’s Phoenix-Fortitude complex that has over 6,000,000 ounces of gold in its resource base, millions of ounces of both gold and silver having been already produced. The company traced the extension of the Virgin Zone north from the Newmont boundary onto the Lewis Property for at least 4.5 kilometers, of which only a small portion has been drill-tested to date. Madison's drilling has also tested a series of associated structural splays, one of which returned bonanza grades of 17.5 g/t gold and 48.1 g/t silver over 32 meters at its intersection with the Virgin Zone.
Belencillo Project, Panama
Madison Minerals, through a wholly owned Panamanian subsidiary, holds a 31.12% interest in the Belencillo Concession situated in the Petaquilla Mineral District of eastern Panama. The remaining interest is owned by Petaquilla Minerals Ltd., the operator of the nearby Molejon Gold Mine scheduled to begin production in 2009. Upon receipt of all permits, the newly constructed, 2,200-tonne-per-day Molejon Mine is expected to produce 100,000 ounces of gold in its first full year of operation. Madison is seeking to sell this interest on the most favorable terms obtainable.
CONCLUSION
Because of the two-decade bear market in the gold and silver sector which has now been proven by the Gate organization to have been caused by illegal collusion by the world central banks , the capital investment from the senior precious metals companies exploration programs collapsed. During that same period, only high-grade gold was mined in a process known as “high grading”. Companies fought for their very survival by mining their high grade ore that was easily assessable when gold was at historically low prices. The result is that their major reserves and resources have been severely depleted so they are constantly on the lookout for new discoveries to replenish their asset base.
The senior companies that need large deposits due to economies of scale are currently scrambling to buy up the junior exploration companies with large deposits that will be viable within their operation and organizational structures. What is just beginning and will continue for the next ten years is the last great gold rush(all precious metals) and to be followed later by the rare earth metal rush on this earth. This will build into a feeding frenzy in the next two years for the last great asset grab on earth in the metals. This is one of the compelling reasons for Madison’s ultimate success in addition to the fact that they have a management team that is proven and successful. This is a team that has made a practice of finding quality properties close to or contiguous to those successful projects operated by senior mining companies. Mergers and acquisitions will continue to dominate the industry as the senior mining companies seek to increase their depleted resource base with companies like Madison Minerals.
This company has been building a foundation for many years based in trust, projects, exploration, evaluation, and joint ventures. This long term patience in company building by Madison has built a large base of loyal shareholders who know what is going to occur when projects like the Lewis project is fully realized. Madison is going to be an overnight success once they are recognized by investors for the company has spent the last tens years reaching the point they are at now. Quality projects usually take a great deal of money and a great deal of time. Madison has expended both on their major projects and that gives them excellent value at this stage of the game. I fully expect that the company will be bought out by either Newmont or Barrick for the known resource base of Madison and that today's share holders will be owners of stock in the winning company. Madison in the coming months is just waiting of it's share price to rise for better parity stock swap from it's Prince Charming. Buy Madison at these cheap prices before it goes up and get an incredible stock swap deal from either Barrick or Newmont in the next 12 months. With only 37.4 issued and outstanding shares and a total of 41.7 fully diluted as of May 2010, the stock swap will be an incredible deal for current Madison stock holders.
Press Release Source: Madison Minerals Inc.
Madison Minerals Inc.: 2007 Drilling Expands Gold Mineralization at Lewis Property, Joint Venture to Acquire Property for $2 Million
Thursday December 13, 9:00 am ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Dec 13, 2007 -- Madison Minerals Inc. (CDNX:MMR.V - News)(OTC BB:MMRSF.OB - News) -
Highlights
ADVERTISEMENT
- DDH MAD-83 returns 6.92 g/t gold over 21.0 metres including 2.0 metres of 44.88 g/t gold confirming previous high-grade results.
- Step-out reverse circulation drilling expands size of virgin zone mineralization:
- RC104 - 3 metres of 3.32 g/t gold
- RC105 - 4.6 metres of 2.18 g/t gold
- RC110 - 10.66 metres of 3.12 g/t gold
Madison Minerals Inc. is pleased to report the initial third of the drill results (six core and ten RC holes) from the Phoenix Joint Venture 2007 drilling program at its Lewis Project within Nevada's Battle Mountain Mining District.
The Phoenix Joint Venture is comprised of Madison Minerals Inc. (60%) and Great American Minerals Inc. (40%). Based on prior results and the current excellent results described below, the joint venture has decided to exercise its option to complete its purchase of this property for the cash price of USD$2,000,000. Closing of this purchase is expected in December 2007, at which point the joint venture shall own full rights, title and interest in and to the Lewis Project, subject to the royalty described on page two of this release.
During the 2007 exploration program, the joint venture completed ten core holes (DDH-MAD83-92) totalling 2,480 metres and thirty-four RC holes (MAD100-133) totalling 7,356 metres. All holes were drilled within and along the Virgin Structural Zone. Core drilling was conducted to confirm previous Virgin Structural Zone RC drill results and to test the geological model. RC drilling expanded the Virgin Structural Zone mineralized area, 100 metres northward along strike to 600 metres extent and an additional 100 metres down dip to 300 metres extent, with both in-fill and step-out drilling.
Available results are presented in the attached schedule. Additional results from the remaining drill holes will be released when available. Further in-fill drilling is expected to provide a resource calculation in 2008.
The intervals reported utilize a 0.5 g/t cut-off and true widths have not been determined. Several intervals reported variable results due to coarse nuggetty gold.
Fieldwork was carried out under the supervision of Gerald McArthur, P. Geol., a "qualified person" for the purposes of National Instrument 43-101, who has verified the data disclosed in this news release. SGS Laboratories of Toronto, Ontario and TSL Laboratories in Saskatoon, Saskatchewan, carried out all analysis.
Madison has not yet received all of the ICP analytical results; however, from those results presently available, a favourable correlation between the silver, lead and zinc values and the gold mineralization is observed.
The Lewis Property is subject to a 5% gross royalty on gold or silver produced and a 4% net smelter returns royalty on all other metals, in respect of which, an advance minimum royalty of USD$60,000 per year is payable commencing on the exercise of the purchase option. These royalties can be purchased by the joint venture for the cash price of USD$4,000,000 for a period of one year following the exercise of the purchase option, the price thereafter increasing by USD$500,000 per annum on each anniversary of the date of exercise of the purchase option for a period of 35 years.
To find out more about Madison Minerals Inc. (CDNX:MMR.V - News)(OTC BB:MMRSF.OB - News) please visit our website at www.madisonminerals.com.
On behalf of the Board of Directors of MADISON MINERALS INC.
Chet Idziszek, President
Cautionary Statement
This document contains "forward-looking statements" within the meaning of applicable Canadian securities regulations. All statements other than statements of historical fact herein, including, without limitation, statements regarding exploration results and plans, and our other future plans and objectives, are forward-looking statements that involve various risks and uncertainties. Such forward-looking statements include, without limitation, estimates of exploration investment and the scope of exploration programs. There can be no assurance that such statements will prove to be accurate, and future events and actual results could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from our expectations are disclosed in the Company's documents filed from time to time via SEDAR with the Canadian regulatory agencies to whose policies we are bound. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made, and we do not undertake any obligation to update forward-looking statements should conditions or our estimates or opinions change. Forward-looking statements are subject to risks, uncertainties and other factors, including risks associated with mineral exploration, price volatility in the mineral commodities we seek, and operational and political risks.
SCHEDULE
------------------------------------------------------------------------
Location From - To Interval
DDH # (N/E) Azimuth/Dip (m) (m) Gold (g/t)
------------------------------------------------------------------------
MAD-83(i) 29050/4600 45/-90 76-97 21 6.92
Including 79-81 2 44.88
------------------------------------------------------------------------
MAD-84 28775/4750 90/-65 100-103 3 1.03
------------------------------------------------------------------------
MAD-85 28770/4750 45/-65 110-182 2 1.44
176-182 6 5.5
Including 180-181 1 21.3
------------------------------------------------------------------------
MAD-86 29250/4700 90/-70 32-34 2 8.41
Including 32-33 1 15.4
73-78 5 0.87
82-84 2 1.78
------------------------------------------------------------------------
MAD-87 29300/5100 250/-70 62-64 2 1.64
------------------------------------------------------------------------
MAD-88 29300/5100 225/-65 92-94 2 1.23
107-110 3 0.93
------------------------------------------------------------------------
(i) MAD-83 confirms results from previous RC-MAD-81 (9.43 g/t gold over
13.7 metres from 85.4 - 99.1m) Madison's news release February 8/07.
------------------------------------------------------------------------
Location From - To Interval
RCH # (N/E) Azimuth/Dip (m) (m) Gold (g/t)
------------------------------------------------------------------------
MAD-100 30160/4325 90/-70 93-96.1 3.1 0.78
------------------------------------------------------------------------
MAD-101 30288/4335 90/-70 No significant results
------------------------------------------------------------------------
MAD-102 30056/4329 90/-70 93-100.6 7.6 0.98
------------------------------------------------------------------------
MAD-103 29957/4318 90/-70 117.3-121.9 4.6 0.67
------------------------------------------------------------------------
MAD-104 29957/4323 90/-50 54.9-58 3.1 3.32
88.4-93 4.6 0.77
------------------------------------------------------------------------
MAD-105 29271/4518 90/-70 59.4-62.5 3.1 1.05
67.0-70.1 3.1 1.11
76.2-85.3 9.1 1.85
134.1-138.7 4.6 2.18
------------------------------------------------------------------------
MAD-106 29271/4519 90/-50 64-67.1 3.1 2.83
70.1-74.7 4.6 2.04
80.8-86.9 6.1 2.06
103.6-106.7 3.1 0.90
123.4-126.5 3.1 1.28
160.0-163.1 3.1 3.36
------------------------------------------------------------------------
MAD-107 29371/4511 90/-70 88.4-91.5 3.1 0.92
114.3-117.4 3.1 2.66
------------------------------------------------------------------------
MAD-108 29373/4511 90/-50 35-38.1 3.1 0.73
77.7-83.8 6.1 1.59
94.5-99.1 4.6 1.57
------------------------------------------------------------------------
MAD-109 29500/4500 90/-80 149.4-154 4.6 1.75
------------------------------------------------------------------------
MAD-110 29500/4500 90/-60 74.7-85.4 10.7 3.12
------------------------------------------------------------------------
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy of this press release.
Contact:
Contacts:
Madison Minerals Inc.
David Scott
Investor Relations
(604) 331-8772 or Toll Free: 1-877-529-8475
(604) 331-8773 (FAX)
Email: dscott@mine-tech.com
Website: http://www.madisonminerals.com
--------------------------------------------------------------------------------
Source: Madison Minerals Inc.
Press Release Source: Madison Minerals Inc.
Madison Minerals Inc.: Buffalo Gold Updates Progress of Exploration at Mt. Kare
Wednesday October 17, 9:00 am ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Oct 17, 2007 -- Madison Minerals Inc. (CDNX:MMR.V - News)(OTC BB:MMRSF.OB - News) is pleased to report that it has been advised by Buffalo Gold Ltd. ("Buffalo") of additional drilling results from its 2007 exploration program on Madison's Mt. Kare Property in Papua New Guinea. In a release issued today, Buffalo reported:
"The drill results reported in Table 1 below are the last of the holes from the program completed in early summer, and include infill holes and holes that were drilled to test new targets based on geological interpretation, magnetic survey results and surface sampling. As with the Porgera Deposit, gold mineralization at Mt. Kare is closely associated with specific alteration and mineralization, therefore where neither was encountered in drill core the core was not sampled for assay. For a map of drill hole locations and zones of mineralization, please refer to the Mt. Kare page on the Buffalo website: http://www.buffalogold.ca/s/MtKareProject.asp.
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Details of Drill Hole Locations and Targets
Hole MK07-104 is an infill hole in the southern Western Roscoelite Zone (SWRZ) and returned two significant intersections of gold, including 14.5 metres of 2.27 g/t. Holes MK07-105 and 106 tested continuations of mineralization between the C9 and Black zones and did not return any significant intersections. MK07-107 tested the upper portion of the C9 Zone, encountering a strongly limonitic sandstone breccia that returned one intersection of 9.1 metres of 1.39 g/t gold. MK07-108 was drilled to explore for deep ENE to NE trending structures as potential hosts to mineralization. Results indicate patchy weak mineralization to 180 metres with an 18 metre, near-surface zone averaging 1.17 g/t Au. From 180-409 metres, the sandstone and sandstone-siltstone sequence returned a series of gold mineralized zones coinciding with local base metal veining. MK07-109, drilled on the Black Zone, returned 18.6 metres averaging 3.11 g/t gold for the base metal veined breccia intersected at 90 metre depth. This zone forms the western extension to the historic high grade MK98-130 intercept (70.85m at 8.65 g/t gold) and suggests a possible flatter plunge to the southern shoot of the Black Zone. Drillhole MK07-110 was aimed to test for deep ENE to NE trending structures as potential hosts to mineralization. The hole encountered a succession of weakly mineralized siltstones, calcareous siltstones and minor intrusive bodies, and included one significant intersection of 10 metres grading 2.47 g/t gold. MK07-111 drilled to explore a gap in the Central Zone drill pattern, and returned one significant intersection of 9.0 metres averaging 1.12 g/t gold. Hole MK07-112 was drilled for potentially mineralized dilational features but showed no alteration or mineralization and was not sampled. MK07-113 tested the southwesterly strike extension of the shallow gold mineralization from historical holes MK99-220 and 221 but did not return any significant intersections. A steep, shallow hole, MK07-114 was aimed at tracing a manganiferous-realgar zone down dip. Only one shallow low-grade intersection was returned. MK07-115 was drilled to test the upper portion of the C9 Zone and the possible extension of the incomplete, well mineralized zone in MK07-92 (22.5m @ 3.30 g/t gold). A significant shallow intersection was returned, with 38 metres averaging 1.06 g/t gold including 7 metres of 2.43 g/t gold. MK07-117 was drilled to explore for the southwesterly down-plunge continuation of the south shoot of the Black Zone and test for a possible extension of mineralization intersected in MK07-109 (18.6 metres @ 3.11 g/t Au). The hole did not return significant intersections. Holes MK07-116 and 118 through 120 were drilled to test the Pinuni Valley Structure. No alteration or mineralization was seen in the holes and therefore no sampling was done. MK07-121 was drilled 450 metres east of Red Hill, targeting an IP anomaly but no alteration or mineralization was found and the hole was not sampled.
-----------------------------------------------------------------
Table 1. Summary of Mt. Kare Drill Hole Intersections Received
from April 18th 2007 to October 15th 2007
-----------------------------------------------------------------
From To Intercept Gold Silver
Drill Hole No. (m) (m) (m) (g/t) (g/t)
-----------------------------------------------------------------
MK07-104 186.0 200.5 14.5 2.27 6.82
428.0 440.0 12.0 1.25 2.63
-----------------------------------------------------------------
MK07-105 No significant intersections
-----------------------------------------------------------------
MK07-106 No significant intersections
-----------------------------------------------------------------
MK07-107 16.9 26.0 9.1 1.39 4.38
-----------------------------------------------------------------
MK07-108 13.0 31.0 18.0 1.17 5.44
Including 13.0 18.6 5.6 2.25 5.06
289.5 305.0 15.5 1.82 8.42
398.0 408.5 10.5 1.64 24.46
Including 398.0 404.0 6.0 2.30 39.70
-----------------------------------------------------------------
MK07-109 90.0 108.6 18.6 3.11 48.88
-----------------------------------------------------------------
MK07-110 5.0 15.0 10.0 2.47 16.85
-----------------------------------------------------------------
MK07-111 104.0 113.0 9.0 1.12 2.97
-----------------------------------------------------------------
MK07-112 Not sampled
-----------------------------------------------------------------
MK07-113 No significant intersections
-----------------------------------------------------------------
MK07-114 15.3 23.6 8.3 0.66 3.68
-----------------------------------------------------------------
MK07-115 0.0 38.0 38.0 1.06 7.43
Including 31.0 38.0 7.0 2.43 15.89
-----------------------------------------------------------------
MK07-116 Not sampled
-----------------------------------------------------------------
MK07-117 No significant intersections
-----------------------------------------------------------------
MK07-118 to MK07-121 Not sampled
-----------------------------------------------------------------
Buffalo has modelled the available results and believes the drill widths reported represent true widths. All samples were analysed for gold by PT Intertek Utama Services in Jakarta, part of an internationally recognized lab testing group with ISO 17025 accreditation at the Jakarta facility. Samples were analysed using a 50g fire assay with AA finish for gold and an aqua regia digestion, ICP-OES finish for silver.
SURFACE EXPLORATION PROGRAM
Buffalo is evaluating 18 exploration targets defined this year from magnetic surveys over the EL1093 and EL1427 licenses. Exploration programs include geological mapping as well as pan concentrate, stream sediment and soil sampling programs (For a map of these targets please refer to the Mt. Kare page of the Buffalo website http://www.buffalogold.ca/s/MtKareProject.asp). Some analytical results are still awaited, and the sampling program is on-going, but Buffalo is pleased with the results to date.
"We are doing grassroots exploration in steep, covered terrain where there is little to no outcrop and access is not easy," commented Buffalo President and CEO, Brian McEwen. "So it takes some time to conduct a methodical and diligent sampling program. We are seeing it pay off though as the results are building evidence of significant anomalies at several targets. Once the final data is in and our team in PNG, Australia and Canada are able to evaluate all the data, we believe we will have some excellent targets for follow-up drilling."
Targets were tested both for gold and trace elements, as often gold is not seen in surface samples, but other specific minerals, such as Roscoelite, which are closely associated with high grade gold at Mt. Kare and Porgera, result in other trace element signatures.
On EL1093 the exploration team has collected nearly 600 surface samples. Pan concentrate, soil and stream sediment results outline a number of anomalous gold and zinc values in the northern and southern portions of Target 15, six kilometres north-northeast of Mt Kare. Further sampling and geomorphological studies are in progress on these targets. Follow-up sampling and field work will also be carried out to the south and west of Targets 8 and 9, near the boundary with Barrick's Porgera property, where similar anomalies were outlined. On Targets 10 and 11, the Buffalo team has identified anomalies in gold, zinc and arsenic, as well as low-level silver. Buffalo has engaged in follow-up sampling for BLEG analysis, as well as ridge and spur sampling. Target 13 returned only trace gold values but pan concentrates show anomalous and coincident anomalies for strontium, zinc and vanadium.
Buffalo expects to complete the surface exploration program by the end of October of this year. Line cutting and other preparations are complete in anticipation of an Induced Polarization (IP) survey in the Mt. Kare area, but Buffalo is waiting for the delivery of equipment which has been delayed by the supplier.
Mr. Brian McEwen, P.Geol., President and CEO of Buffalo is the qualified person for the Mt. Kare project and has approved the contents of this news release."
To find out more about Madison Minerals Inc. (CDNX:MMR.V - News)(OTC BB:MMRSF.OB - News), please visit our website at www.madisonminerals.com.
On behalf of the Board of Directors of MADISON MINERALS INC.
Chet Idziszek, President
Cautionary Note to U.S. Investors - This news release contains information about adjacent properties on which we have no right to explore or mine. We advise U.S. Investors that the S.E.C.'s mining guidelines strictly prohibit information of this type in documents filed with the S.E.C. U.S. Investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy of this press release.
Contact:
Contacts:
Madison Minerals Inc.
David Scott
Investor Relations
(604) 331-8772
(604) 331-8773 (FAX)
Email: dscott@mine-tech.com
Website: http://www.madisonminerals.com
--------------------------------------------------------------------------------
Source: Madison Minerals Inc.
Press Release Source: Madison Minerals Inc.
Madison Receives 3.5 Million Shares of Buffalo Gold on Closing of Mount Kare Property Option
Friday October 12, 1:42 pm ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Oct 12, 2007 -- Further to our news release of May 18, 2007 and update in our financial statements and MD&A filed on SEDAR September 28, 2007, Madison Minerals Inc. (CDNX:MMR.V - News)(OTC BB:MMRSF.OB - News) is pleased to report that it has received 3,521,648 shares of Buffalo Gold Ltd. on Buffalo's exercise of its option on 60 per cent of Madison's interest in the Mount Kare Gold Project in Papua New Guinea. Madison received the shares on the completion of all PNG governmental approvals, and the shares become free trading on October 29, 2007. The closing price of Buffalo shares on October 11, 2007 was $0.67.
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Buffalo holds a further option to earn another 15 per cent of Madison's interest by completing a bankable feasibility study on or before June 25, 2011, with a provision for a one-year extension. Should Buffalo acquire a 75 per cent interest, it would have the right to acquire the balance of Madison's interest, based on an independent valuation thereof, for cash or shares of Buffalo or a combination of both.
Chet Idziszek, President and CEO of Madison, stated, "We are very pleased with the stewardship of this gold project under Buffalo's management, and with the progress funded by them in recent years. We are also pleased to become shareholders of Buffalo."
The most recent news release relating to technical progress of the Mount Kare Gold Project was filed on SEDAR on June 21, 2007, and describes, among other matters, that Buffalo has a 2007 exploration program with a budget of USD $11.4 million under way at the project.
On behalf of the Board of Directors of MADISON MINERALS INC.
Chet Idziszek, President and Chief Executive Officer
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy of this news release.
Contact:
Contacts:
Madison Minerals Inc.
David Scott
Investor Relations
(604) 331-8772 or Toll Free: 1-877-529-8475
(604) 331-8773 (FAX)
Email: dscott@mine-tech.com
Website: http://www.madisonminerals.com
--------------------------------------------------------------------------------
Source: Madison Minerals Inc.
Press Release Source: Madison Minerals Inc.
Madison Minerals Inc.: Drilling Begins at Lewis Property
Thursday July 26, 5:53 pm ET
Second Drill to Be Added Immediately
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Jul 26, 2007 -- Madison Minerals Inc. (CDNX:MMR.V - News)(OTC BB:MMRSF.OB - News) is pleased to announce that Major Drilling Ltd has begun the 10,000-foot core drilling component of the US$2.5 million 2007 exploration program planned for its Lewis Property in Nevada. The Lewis Property, located immediately adjacent to Newmont Mining's operating 8-million ounce Phoenix Mine, is being explored by the Phoenix Joint Venture comprised of Madison Minerals Inc. (60%) and Great American Minerals (40%).
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In addition to the core drilling program now underway, Eklund Drilling is mobilizing a reverse circulation drilling rig to the Lewis Property this coming weekend to begin the 25,000-foot reverse circulation component of the 2007 exploration program.
The planned drill program is a continuation of the in-fill and step-out drilling programs which to date, have successfully tested the Virgin Structural Zone along a 1,600-foot strike extent and to 600 feet down-dip. Additional drilling will also be directed at the Buena Vista Structural Zone, a sub-parallel target located 1,500-feet west of the Virgin Structural Zone.
To find out more about Madison Minerals Inc. (CDNX:MMR.V - News)(OTC BB:MMRSF.OB - News), please visit our website at www.madisonminerals.com.
On behalf of the Board of Directors of MADISON MINERALS INC.
Chet Idziszek, President
Cautionary note to U.S. Investors - This news release contains information about adjacent properties on which we have no right to explore or mine. We advise U.S. Investors that the S.E.C.'s mining guidelines strictly prohibit information of this type in documents filed with the S.E.C. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy of this press release.
Contact:
Contacts:
Madison Minerals Inc.
David Scott
Investor Relations
(604) 331-8772 or Toll Free: 1-877-529-8475
(604) 331-8773 (FAX)
Email: dscott@mine-tech.com
Website: http://www.madisonminerals.com
--------------------------------------------------------------------------------
Source: Madison Minerals Inc.
MMRSF Support/Resistance for Monday, Jul 23 2007
Friday's High 0.48 - Low 0.4 - Close 0.48
Close was above the pivot
Volume was 18,147
--------------------------------
Standard Fibonacci
0.5866 0.5317 - 3rd Resistance -
0.5333 0.5029 - 2nd Resistance -
0.5066 0.4837 - 1st Resistance -
0.4533 - Pivot
0.4266 0.4229 - 1st Support -
0.3733 0.4037 - 2nd Support -
0.3466 0.3749 - 3rd Support -
Press Release Source: Madison Minerals Inc.
Madison Minerals Inc.: Drill Contract Signed for Lewis Property
Thursday June 28, 9:00 am ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Jun 28, 2007 -- Madison Minerals Inc. (CDNX:MMR.V - News)(OTC BB:MMRSF.OB - News) is pleased to announce the signing of a drill contract with Major Drilling Ltd to undertake the core drilling component of the US$2.5 million 2007 exploration program planned for its Lewis Property in Nevada. The Lewis Property, located immediately adjacent to Newmont Mining's operating 8-million ounce Phoenix Mine, is being explored by the Phoenix Joint Venture comprised of Madison Minerals Inc. (60%) and Great American Minerals (40%).
The initial stage of the 2007 Lewis Property exploration program will be a detailed Induced Polarization (IP) geophysical survey designed to assist in defining mineralized strike extensions to both the Buena Vista and Virgin Structural Zones. The IP survey will also be focusing on outlining sulphide bearing cross structures as recently identified in drill hole MAD-81:
-------------------------------------------------------------
Hole # From - To (m) Interval (m) Gold (g/t)
-------------------------------------------------------------
MAD-81 85.4-99.1 13.7 9.43
149.4-160.1 10.7 9.21
182.9-228.7(1) 45.7 2.16
-------------------------------------------------------------
(1) MAD-81 ended within the mineralized zone at 228.7 metres.
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Presently, an independent review of all previous drilling at the Lewis Property is being undertaken by Lions Gate Geological Consulting Inc. This evaluation will include detailed 3-D computer modeling to assist with future in-fill and step-out drill planning to facilitate a preliminary resource evaluation.
The 2007 25,000-foot reverse circulation and 10,000-foot core drilling programs will begin as soon as drill rigs and crews become available. This program will be a continuation of the combined in-fill and step-out drilling programs which have successfully tested the Virgin Structural Zone along a 1,600-foot strike extent and to 600 feet down-dip. Additional drilling will also be directed at the Buena Vista Structural Zone, a sub-parallel target located 1,500-feet west of the Virgin Structural Zone.
Madison's initial drilling at Buena Vista was conducted during the 2006 exploration campaign and comprised seven widely spaced RC holes along a 1,700-foot strike extent which included previously released results of 5.44 g/t gold over 7.6 metres in hole MAD-64 and 2.82 g/t gold over 10.7 metres in hole MAD-70.
To find out more about Madison Minerals Inc. (CDNX:MMR.V - News)(OTC BB:MMRSF.OB - News), please visit our website at www.madisonminerals.com.
On behalf of the Board of Directors of MADISON MINERALS INC.
Chet Idziszek, President
Cautionary note to U.S. Investors - this news release contains information about adjacent properties on which we have no right to explore or mine. We advise U.S. Investors that the S.E.C.'s mining guidelines strictly prohibit information of this type in documents filed with the S.E.C. U.S. Investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy of this press release.
Contact:
Contacts:
Madison Minerals Inc.
David Scott
Investor Relations
(604) 331-8772 or Toll Free: 1-877-529-8475
(604) 331-8773 (FAX)
Email: dscott@mine-tech.com
Website: http://www.madisonminerals.com
--------------------------------------------------------------------------------
Source: Madison Minerals Inc.
I've just jumped in on this one, but not much info on this board. Does anyone know much about this company other than what Yahoo can tell us?
Press Release Source: Madison Minerals Inc.
Madison Minerals Inc.: Drilling Confirms and Expands Lewis Gold Mineralization
Thursday February 8, 3:15 pm ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Feb 8, 2007 -- Madison Minerals Inc. (CDNX:MMR.V - News)(OTC BB:MMRSF.OB - News) -
ADVERTISEMENT
HIGHLIGHTS
- Recently discovered third style of gold mineralization continues to return favourable results including 9.43 g/t gold over 13.7 metres and 2.16 g/t gold over 45.7 metres in drill hole MAD-81.
- Initial Madison drilling at the Buena Vista structural zone intersects favourable results including 5.44 g/t gold over 7.6 metres in drill hole MAD-64.
Madison Minerals Inc. is pleased to report results for the remaining thirty-three reverse circulation drill holes from its 2006 drilling program at its Lewis Property in Nevada. Madison and joint venture partner, Great American Minerals, Inc., completed forty-nine drill holes (both in-fill and step-out) totalling 31,690 feet during this program.
As shown in the following tables, gold results from the most recent twenty-six drill holes (MAD47 - 54, MAD58 - 63 and MAD71 - 82) compare favourably with previous Lewis Property drill results which had partially outlined two distinct mineralization styles within the extensive Virgin Structural Zone: steeply oriented, higher grade mineralization and sub-horizontal, lower-grade mineralization, all hosted by favourable stratigraphy. In addition, the drilling continues to define a third style of mineralization; steeply oriented mineralized splays or cross structures that intersect the N-S trending Virgin Structural Zone. Madison's drilling evaluation of the various styles of mineralization within the Virgin Structural Zone covers an area of 600 feet by 1,600 feet.
Madison has also initiated a successful drilling evaluation of the Buena Vista Structural Zone with seven widely spaced reverse circulation drill holes (MAD64 - 70) along a 1,700 foot strike extent. The Buena Vista Structural Zone is a subparallel target located 1,500 feet to the west of the Virgin Structural Zone.
Management is pleased with these drilling results as they compare favourably with the reported styles and grades of mineralization at the adjacent Phoenix-Fortitude gold mining operations of Newmont Mining. Madison plans considerable additional drilling evaluation in 2007 at both the Buena Vista and Virgin Structural Zones as a prelude to resource calculations.
STEEPLY ORIENTED MINERALIZATION - VIRGIN STRUCTURAL ZONE
--------------------------------------------------------------------------
Interval Gold
Hole # Location (N/E) Azimuth/Dip From - To (m) (m) (g/t)
--------------------------------------------------------------------------
MAD-48 29700/4700 090/-80 22.9-25.9 3.0 1.16
--------------------------------------------------------------------------
MAD-49 29700/4700 090/-60 10.7-19.8 9.1 2.46
--------------------------------------------------------------------------
MAD-50 29600/4700 090/-70 1.5-6.1 4.6 1.26
29.0-32.0 3.0 2.24
--------------------------------------------------------------------------
MAD-51 29500/4700 090/-80 41.2-44.2 3.0 1.11
--------------------------------------------------------------------------
MAD-52 29500/4700 090/-60 30.5-35.1 4.6 4.13
--------------------------------------------------------------------------
MAD-53 29450/4700 090/-70 32.0-41.1 9.1 2.36
--------------------------------------------------------------------------
MAD-54 29450/4600 090/-70 86.9-89.9 3.0 3.05
--------------------------------------------------------------------------
MAD-63 28650/4550 090/-80 219.5-225.6 6.1 1.33
--------------------------------------------------------------------------
MAD-73 29500/5100 360/-70 16.8-19.8 3.0 1.53
--------------------------------------------------------------------------
MAD-75 29350/5050 270/-70 62.5-67.1 4.6 1.20
--------------------------------------------------------------------------
These results compare favourably to previously released results from drill
intercepts of this mineralized zone, including:
--------------------------------------------------------------------------
Interval Gold
Hole # Location (N/E) Azimuth/Dip From - To (m) (m) (g/t)
--------------------------------------------------------------------------
MAD-05 29100/4715 090/-75 53.3-85.3 32.0 17.50
--------------------------------------------------------------------------
MAD-08 28850/4730 090/-70 106.7-115.8 9.1 7.00
--------------------------------------------------------------------------
MAD-17 29150/4700 090/-70 41.1-44.1 3.0 8.20
--------------------------------------------------------------------------
MAD-20 29200/4700 090/-85 50.3-57.9 7.6 7.10
--------------------------------------------------------------------------
MAD-36 28750/4650 090/-70 222.5-231.6 9.1 4.88
--------------------------------------------------------------------------
MAD-39 28900/4750 090/-70 89.9-96.0 6.1 4.54
--------------------------------------------------------------------------
MAD-55 28800/4750 090/-70 161.5-170.7 9.2 2.17
incl.161.5-164.5 3.0 4.94
--------------------------------------------------------------------------
MAD-56 28650/4750 090/-70 134.1-135.6 1.5 7.33
--------------------------------------------------------------------------
SUB-HORIZONTAL MINERALIZATION - VIRGIN STRUCTURAL ZONE
--------------------------------------------------------------------------
Interval Gold
Hole # Location (N/E) Azimuth/Dip From - To (m) (m) (g/t)
--------------------------------------------------------------------------
MAD-59 29200/4450 090/-85 122.0-132.6 10.6 1.11
--------------------------------------------------------------------------
MAD-62 29200/4525 045/-70 79.2-102.1 22.9 1.08
incl.79.2-85.4 6.1 1.50
141.8-155.5 13.7 1.05
--------------------------------------------------------------------------
MAD-74 29500/5100 270/-70 25.9-48.8 22.9 1.52
--------------------------------------------------------------------------
MAD-76 28650/4850 090/-80 125.0-128.0 3.0 1.15
129.6-134.1 4.6 1.00
--------------------------------------------------------------------------
MAD-80 30400/4300 090/-75 80.8-85.4 4.6 1.12
--------------------------------------------------------------------------
MAD-82 28950/4550 045/-70 134.1-140.2 6.1 1.68
144.8-149.4 4.6 1.01
--------------------------------------------------------------------------
MAD-72, 77, 78 and 79 did not return any significant results.
These results compare favourably to previously released results from drill
intercepts of these mineralized zones, including:
--------------------------------------------------------------------------
Interval Gold
Hole # Location (N/E) Azimuth/Dip From - To (m) (m) (g/t)
--------------------------------------------------------------------------
MAD-06 29050/4720 090/-75 51.8-76.2 24.4 1.35
--------------------------------------------------------------------------
MAD-19 29150/4700 090/-80 44.2-70.1 25.9 1.90
--------------------------------------------------------------------------
MAD-23 29200/4605 090/-80 115.8-143.3 27.5 1.93
--------------------------------------------------------------------------
MAD-28 29050/4710 090/-82 166.1-182.9 16.8 1.28
--------------------------------------------------------------------------
MAD-40 28950/4800 090/-70 54.9-71.7 16.8 1.13
incl.56.4-59.4 3.0 2.09
--------------------------------------------------------------------------
MAD-42 29150/4350 090/-80 129.5-143.2 13.7 1.44
incl.134.1-140.2 6.1 2.39
--------------------------------------------------------------------------
SPLAY STRUCTURE MINERALIZATION - VIRGIN STRUCTURAL ZONE
--------------------------------------------------------------------------
Interval Gold
Hole # Location (N/E) Azimuth/Dip From - To (m) (m) (g/t)
--------------------------------------------------------------------------
MAD-47 29700/4700 360/-70 15.2-19.8 4.6 2.13
74.7-82.3 7.6 2.91
--------------------------------------------------------------------------
MAD-61 29200/4525 090/-85 59.4-64.0 4.6 1.72
123.5-154.0 30.5 1.11
incl.125.0-128.0 3.0 3.74
--------------------------------------------------------------------------
MAD-71 29050/4550 045/-70 115.9-125.0 9.1 2.67
134.2-140.3 6.1 1.12
--------------------------------------------------------------------------
MAD-81 29000/4650 045/-70 85.4-99.1 13.7 9.43
149.4-160.1 10.7 9.21
182.9-228.7(i) 45.7 2.16
--------------------------------------------------------------------------
(i) MAD-81 ended in mineralization at 228.7 metres.
MAD-47 represents a separate splay structure to the north of that
intersected by holes MAD-43, 45, 57, 61, 71 and 81. Drill holes MAD-58 and
MAD-60 were lost due to technical drilling problems prior to reaching the
mineralized target
These results compare favourably to previously released results from drill
intercepts of these mineralized zones, including:
--------------------------------------------------------------------------
Interval Gold
Hole # Location (N/E) Azimuth/Dip From - To (m) (m) (g/t)
--------------------------------------------------------------------------
MAD-43 29150/4500 045/-70 137.2-179.8 42.6 2.62
incl.138.7-150.9 12.2 6.35
--------------------------------------------------------------------------
MAD-45 29500/5000 360/-70 13.7-22.9 9.2 2.51
97.5-102.1 4.6 1.22
--------------------------------------------------------------------------
MAD-57 29150/4625 045/-70 121.9-147.8 25.9 1.47
incl.128.0-131.0 3.0 2.37
and 140.2-146.3 6.1 2.07
172.2-175.2 3.0 1.56
--------------------------------------------------------------------------
BUENA VISTA STRUCTURAL ZONE
--------------------------------------------------------------------------
Interval Gold
Hole # Location (N/E) Azimuth/Dip From - To (m) (m) (g/t)
--------------------------------------------------------------------------
MAD-64 28900/3200 330/-90 12.2-19.8 7.6 5.44
incl.12.2-15.2 3.0 12.60
42.7-47.3 4.6 1.70
--------------------------------------------------------------------------
MAD-65 28500/3200 090/-85 85.4-90.0 4.6 1.08
--------------------------------------------------------------------------
MAD-67 27700/3350 090/-80 10.7-18.3 7.6 1.45
30.5-33.5 3.0 3.44
--------------------------------------------------------------------------
MAD-68 27700/3350 090/-60 137.2-141.8 4.6 1.60
--------------------------------------------------------------------------
MAD-70 27200/3450 045/-70 158.5-169.2 10.7 2.82
--------------------------------------------------------------------------
MAD-60 and MAD-69 did not return significant values.
The intervals reported above utilize a 0.3 g/t gold cut-off and true widths have not yet been determined. Eight of the thirty-three holes for which results are presently available did not intersect significant mineralization.
Madison has not yet received all of the ICP analytical results for the 2006 drilling exploration program, however, from those results presently available, favourable correlation with significant silver, lead and zinc values within the gold mineralized zones are being observed.
Madison is planning further drilling evaluation (both reverse circulation and core) and ground geophysics as soon as ground conditions allow a re-mobilisation of personnel and equipment.
Fieldwork was carried out under the supervision of Gerald McArthur, P. Geol., a "qualified person" for the purposes of National Instrument 43-101, who has verified the data disclosed in this news release. ALS Chemex in Vancouver, BC and TSL Laboratories in Saskatoon, Saskatchewan, carried out all assaying.
The Lewis Property is being explored by the Phoenix Joint Venture, comprised of Madison as to a 60% interest and Great American Minerals, Inc. as to a 40% interest. Madison is operator of the Phoenix Joint Venture.
To find out more about Madison Minerals Inc. (CDNX:MMR.V - News)(OTC BB:MMRSF.OB - News), please visit our website at www.madisonminerals.com.
On behalf of the Board of Directors of MADISON MINERALS INC.
Chet Idziszek, President
Cautionary note to U.S. investors - this news release contains information about adjacent properties on which we have no right to explore or mine. We advise us investors that the S.E.C.'s mining guidelines strictly prohibit information of this type in documents filed with the S.E.C. U.S. investors are cautioned that mineral deposits on adjacect properties are not indicative of mineral deposits on our properties.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy of this press release.
Contact:
Contacts:
Madison Minerals Inc.
David Scott
Investor Relations
(604) 331-8772
(604) 331-8773 (FAX)
Email: dscott@mine-tech.com
Website: http://www.madisonminerals.com
--------------------------------------------------------------------------------
Source: Madison Minerals Inc.
Here is a good fairly recent report: http://news.goldseek.com/StewartArmstrong/1162222403.php
This one is almost a year old but stil worth a read:
http://news.goldseek.com/StewartArmstrong/1138723200.php
checking out this stock, anything good to pass along silver
News, looks like more great drill results thanks to Buffalo...
http://biz.yahoo.com/iw/061026/0177351.html
Madison Minerals Inc.: Additional Drill Results From Mt. Kare
Thursday October 26, 6:54 pm ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Oct 26, 2006 -- Madison Minerals Inc. (TSX VENTURE:MMR.V - News)(OTC BB:MMRSF.OB - News) is pleased to report that it has been advised by Buffalo Gold Ltd. ("Buffalo") of additional drilling results from Buffalo's 2006 exploration program on Madison's Mt. Kare Property in Papua New Guinea. In a release issued today, Buffalo reported:
"assay results for drilling at the Western Roscoelite Zone has highlighted additional high-grade intercepts, including:
- 59.1 metres of 10.1 g/t gold in hole MK06-11
- Including 29.0 metres of 17.1 g/t gold
- 16.4 metres of 9.4 g/t gold in hole MK06-66
- Including 9.2 metres of 14.8 g/t gold
Hole MK06-66 is the most north-easterly hole reported by Buffalo to date, being situated in the North-Western Roscoelite Zone along trend to the Red Hill anomaly. Buffalo is very encouraged to see significant mineralization continuing along this trend, and has additional exploration holes planned to the northeast and at Red Hill.
Hole MK06-11 is located in the southeast portion of the South-Western Roscoelite Zone and represents the longest and highest grade intersection drilled by Buffalo in that area.
A summary of new drill intersections can be found below in Table 1., and a map of drill hole locations is posted on Buffalo's website, www.buffalogold.ca.
WRZ Infill Program completed, Additional Drilling to Continue
Buffalo has now completed its previously announced infill diamond drill program that targeted the Western Roscoelite zone (WRZ). The remaining assays from this program are expected to be received by the end of the year, and all results will be used in the Pre-feasibility Study that is due for completion in July 2007.
Following the success of the infill program at the WRZ, Buffalo is now moving to drill test additional objectives both in the vicinity of known mineralization and new exploration target areas. This phase of the drill program will occur between now and March 2007.
The 2006/2007 drill program will continue to drill closely spaced holes in areas of known mineralization to increase the level of confidence in the data and test extents of mineralization. The data will be used in a new resource calculation, and will include results from the drilling at the WRZ, Black Zone, Central Zone and C9 Zone of the Mt. Kare property.
Magnetic Anomalies Provide Drill Targets outside of Mt. Kare Resource Area
The mineralization at the Mt. Kare property and Barrick's adjacent Porgera mine property is associated with a number of magnetic anomalies related to intrusions controlled by major structures. Numerous features outside of the main Mt. Kare resource area can be recognized in the aeromagnetic data covering the Mt. Kare exploration license and have been identified as high priority exploration targets:
North Anomaly - lies completely outside of the known resource, directly north of the North Western Roscoelite Zone where recent drilling returned assay results of 30.0 metres at 19.2 g/t gold in hole MK06-58, and other outstanding results (see prior Buffalo News Releases).
Red Hill - situated north-east of the North Western Roscoelite Zone of the Mt. Kare deposit along the Porgera Transfer Structure, with an outcropping intrusive and associated brecciation, alteration and current artisanal gold workings.
Lubu Creek - lies approximately 7 kilometres from the Mt. Kare deposit and features a magnetic anomaly coincident with known alluvial gold. Previous sampling located mineralised float samples with values up to 500 g/t gold. Currently, Buffalo is undertaking a stream sediment sampling program at the Lubu Creek area to define anomalies and drill targets. This represents Buffalo's first surface exploration program outside of the previously identified ore zone areas.
Pinuni Creek - sits along the Porgera Transfer Structure, covered by gold bearing colluvium with historic artisanal gold workings, and has several associated magnetic anomalies.
Trenching delineates gold zone - drill testing to follow
Buffalo's exploration team has further delineated the gold zone in the vicinity of the Mt. Kare base camp. "Luke's Zone" has been tested by trenching and returned very encouraging results, including:
- 39 metres at 2.4 g/t Au
- Including 17 metres at 3.26 g/t Au
- 12 metres at 2.8 g/t Au (incomplete)
Buffalo plans to drill test this area as part of the exploration drill program.
In addition to the many magnetic and surface anomalies on the Mt. Kare property, Buffalo is planning to drill test its new 100%-owned license area (EL 1427) which is adjacent to the Mt. Kare property.
"We are very keen to test the many anomalies outside of the main resource zone at the Mt. Kare site, as well as our adjoining 100% owned property," commented Buffalo CEO Damien Reynolds. "We believe that these areas have potential for significant additional mineralization which could help us expand the resources at the Mt. Kare project."
--------------------------------------------------------------
Table 1. Summary of Mt. Kare Drill Hole Intersections Received
from September 21, 2006 to October 23, 2006
--------------------------------------------------------------
Drill Hole From To Intercept Gold Silver
No.(i) (m) (m) (m) (g/t) (g/t)
--------------------------------------------------------------
MK06-10 28.0 32.0 4.0 2.9 PENDING
--------------------------------------------------------------
MK06-11 55.0 114.1 59.1 10.1 PENDING
--------------------------------------------------------------
Including 55.0 84.0 29.0 17.1 PENDING
--------------------------------------------------------------
MK06-26 No significant intersections PENDING
--------------------------------------------------------------
MK06-44 173.0 196.0 23.0 2.39 PENDING
--------------------------------------------------------------
MK06-48 0.0 54.8 54.8 1.27 PENDING
--------------------------------------------------------------
MK06-64 No significant intersections PENDING
--------------------------------------------------------------
MK06-65 3.7 18.5 14.8 3.74 PENDING
--------------------------------------------------------------
MK06-66 83.75 100.15 16.4 9.4 PENDING
--------------------------------------------------------------
Including 91.0 100.15 9.15 14.8 PENDING
--------------------------------------------------------------
MK06-67 163 200 37.0 0.71 PENDING
--------------------------------------------------------------
Including 179.0 186.0 7.0 1.35 PENDING
--------------------------------------------------------------
(i)Holes are not drilled in numerical or sequential order.
True widths from the drill intersections have not yet been estimated. All samples were analysed for gold by PT Intertek Utama Services in Jakarta, part of an internationally recognized lab testing group with ISO 17025 accreditation at the Jakarta facility. Samples were analysed using a 50g fire assay with AA finish for gold and an aqua regia digestion, ICP-OES finish for silver.
Mr. Brian McEwen, P.Geol., President and COO of Buffalo, is the qualified person for the Mt. Kare project and has approved the contents of this news release."
On behalf of the Board of Directors of MADISON MINERALS INC.
Chet Idziszek, President
Cautionary note to U.S. investors - The United States Securities and Exchange Commission ("SEC") permits mining companies in filings with the SEC to disclose only those mineral deposits that a company can economically and legally extract or produce. The company uses certain terms in this news release, such as "inferred resource", that the SEC guidelines strictly prohibit from including in filings with the SEC. U.S. investors are urged to consider closely the disclosure contained in the company's Form 20-F registration statement, File No. 000-29250. The company's filings are available on the SEC's website at http://www.sec.gov/edgar.shtml. This news release contains information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents files with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy of this press release.
Contact:
Contacts:
Madison Minerals Inc.
David Scott
Investor Relations
(604) 331-8772
(604) 331-8773 (FAX)
Email: dscott@mine-tech.com
Website: http://www.madisonminerals.com
--------------------------------------------------------------------------------
Source: Madison Minerals Inc.
Hi all. Starting this board to see if there is any interest out there in this stock. Updates will come in the future if wanted.
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