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Northcore Resources Inc (TSX:NCR)

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Last Post: 2/3/2012 12:07:25 PM - Followers: 0 - Board type: Free - Posts Today: 0

Northcore Resources Inc is an exploration Company with projects in West Timmins Gold camp & rare earth elements property near Sept-Iles, Quebec and is also a joint-venture partner with Metalex Ventures and Arctic Star in the Attawapiskat diamond project.


Address: 620, rue Saint-Jacques, Suite 110, Montral, QC, CA, H3C 1C7
Telephone: (514) 576-5837

Website: www.bigreddiamond.com

Facsimile: (514) 904-1788
Email: bigreddiamond@gmail.com
Fiscal Year End: 10/2010



Northcore Resources signs a Letter of Intent to purchase a 50% interest in the Little Monster Property with Vanstar Mining Resources

MONTREAL, QUEBEC - (August 3, 2011) - Northcore Resources Inc. (TSXV: NCR) is pleased to announce that it has signed a Letter of Intent ("LOI") to enter into a 50% interest purchase and joint venture agreement with Vanstar Mining Resources Inc. (TSXV: VSR) regarding 20 cells covering an area of 1,110 hectares comprising the Little Monster property ("Little Monster") located in Chibougarneau, Quebec. The LOI is subject to the signature of a Join Venture Agreement as well as Board and regulatory approval.

The Little Monster property is contiguous to Stellar Pacific Ventures' (TSXV: SPX) Monster Lake property. The Monster Lake area is actively being explored by Stellar Pacific Ventures, which recently discovered many gold showings. In a recent press release date June 15, 2011, Stellar Pacific Ventures reported ... This phase II program consists of 20 to 25 holes totalling 2,500 to 3,000 metres. The program will test extensions of zones megane, 52,325, Nouvelle and Eratix. Zone Megane, 52 and 325 reported good gold intersections in previous drilling done in January and February, 2011, by the company and will be tested at depth.

Hole M-16-10 at showing 325 cut 5.54 grams per tonne (g/t) gold over 4.6 metres including 1.0 metre grading 18.36 g/t gold. The mineralized zone has been cut between depths of 38.8 to 50.6 metres totalling 11.8 metres grading 2.44 g/t Au. This hole was drilled to confirm the vertical extension of newly discovered showing 325 where surface channel sampling done by the company in the summer 2010 program reported grades of 7.26 g/t Au over 1.6, and 2.10 g/t Au over 2.1 metres.

Hole M-18-10 located 100 metres southwest of surface showing zone 325 cut a five-metre zones grading 5.38 g/t Au over 5.0 m including 11.3 g/t Au over 1.0 m and 8.6 g/t Au over 2.0 m. The mineralized structure at depth is consistent with the surface showings and consists of silicified schist containing 3 to 15 per cent sulphide mainly pyrite and pyrotite with minor chalcopyrite ...

This Monster Lake area also contains some important gold deposits such as the Joe Mann mine and the Chevrier and Philibert deposits.

Should one of the parties not spend his annual commitment, the defaulting party will be diluted by 10% for each tranche of $100,000 spent by the participating party. In case of default, such dilution could be reduced to 0% over time, whereby a 1% NSR would still be obtained by the defaulting party if a minimum of $100,000 has been invested in the property over the life of the agreement.

Vanstar will act as the Joint Venture operator on Little Monster and both parties have agreed to set up a Joint Venture Management Committee which will operate in accordance with standard Joint Venture requirements. Compilation and preliminary exploration work on the property should start in early September following the signature of the JV Agreement.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

For further information, please contact:
Jean-Francois Perrault
President & CEO
Tel: (514) 576-5837
Fax: (514)904-1788
NorthCoreres@gmail.com


***************************************

 

BIG RED DIAMOND - NAME CHANGE TO NORTHCORE RESOURCES INC.

MONTREAL, QUEBEC - July 27, 2011.

Big Red Diamond Corporation has changed its name to Northcore Resources Inc.

Effective at the opening Thursday July 28, 2011, the common shares of Northcore Resources Inc. will commence trading on the TSX Venture Exchange and the common shares of Big Red Diamond Corporation will be delisted. The company is classified as a mineral exploration/ development company.

Capitalization: Unlimited number of common shares without par value of which 82,878,221 shares are issued and outstanding

Escrow: nil

Transfer agent: Computershare Trust Company of Canada - Montreal and Toronto

Old symbol: DIA

New symbol: NCR

New Cusip No.: 66401A103

The Company's new website should be up and running by August 15, 2011

For further information, please contact:
Jean-Francois Perrault
President & CEO
(514) 576-5837
NorthcoreRes@gmail.com

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#9   .02 is about to fall ~ Blue ~ 02/03/12 12:07:25 PM
#8   thanks Demas it will be:) wait the correct ~ Blue ~ 02/01/12 02:52:11 PM
#7   Blue. Yea Baby. I know when I get MrDemas 02/01/12 01:58:19 AM
#6   While there are well over 400 rare earths ~ Blue ~ 01/27/12 09:53:56 PM
#5   Northcore Resources Retains Aeroquest for Airborne Surveys Over ~ Blue ~ 01/27/12 06:01:46 PM
#4   Price and volume history ~ Blue ~ 01/27/12 05:21:43 PM
#3   NCR.V signs a Letter of Intent to purchase ~ Blue ~ 01/27/12 05:17:13 PM
#2   NCR.V the company got the highest volume of ~ Blue ~ 01/27/12 05:11:59 PM
#1   NCR.V 3.38 million volume today ~ Blue ~ 01/27/12 05:11:26 PM
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