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Nice day. Halt tomorrow ?
Buffalo Gold Adds Two Drill Rigs to Complete Additional 12,000 Metres at Mt. Kare
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 27, 2006) - Buffalo Gold Ltd. (TSX VENTURE:BUF.U)(OTCBB:BYBUF)(FWB:B4K) ("Buffalo") is pleased to announce the addition of two exploration drill rigs to its Mt. Kare drilling program to expedite the completion of an additional 12,000 metres of diamond drilling. To date, Buffalo has completed 56 diamond drill holes for a total of approximately 7600 metres at Mt. Kare.
In its August 16th, 2006 news release Buffalo announced that it would be adding a third diamond drilling rig to the Mt. Kare property in Papua New Guinea (PNG). Buffalo has engaged National Drilling of Papua New Guinea, who have provided the third drill rig which is now on site and operating. In addition, Buffalo is in the process of expanding its exploration camp at the Mt. Kare project to be able to accommodate additional drill crews. The expansion is expected to be completed by the New Year, and as such Buffalo has contracted a fourth rig from UPD Drilling of PNG to be available in January to assist in the exploration program.
New drilling to include up to 60 holes by May 2007
Following the success of the infill program at the Western Roscoelite Zone (WRZ) Buffalo is now moving to drill test additional objectives both in the vicinity of known mineralization and in new exploration target areas, as described in the Buffalo news release of October 26th, 2006.
This phase of the drill program will occur between now and May 2007. The current plan estimates 60 drill holes or approximately 12,000 meters. The results of this phase will then be used to design the next phase of drilling.
Buffalo plans to drill approximately thirty closely spaced holes in zones of known mineralization. This work will increase confidence in the current data, test the extents of mineralization and provide additional data for the Pre-feasibility study scheduled for completion by July 2007. Zones to be drilled include the WRZ, Black Zone, Central Zone and C9 Zone of the Mt. Kare property.
In addition, Buffalo has another thirty holes planned to test the many magnetic, IP and geochemical anomalies that have been identified. These targets include the North Anomaly, Red Hill, Lubu Creek, Pinuni Creek and Luke's Zone on the Mt. Kare property, as well as new targets on the adjacent 100% owned license area (EL 1427).
"We are very pleased to have additional drills to test the many targets on the Mt. Kare property and our adjoining license," commented Buffalo CEO Damien Reynolds. "We believe that both properties have significant potential for additional resources and we are eager to broaden our exploration efforts."
Mr. Brian McEwen, PGeol., Buffalo's President and COO, is the qualified person for the Mt. Kare project and has approved the contents of this news release.
Buffalo Gold Ltd., head-quartered in Vancouver, Canada is actively engaged in exploring and developing gold, uranium and nickel properties in Australasia. Management is dedicated to maximizing shareholder value through growth strategies that emphasize careful opportunity assessment and vigilant project management.
To find out more about Buffalo Gold Ltd. (TSX VENTURE:BUF.U), please visit the company website at www.buffalogold.ca.
On behalf of the Board of Directors of BUFFALO GOLD LTD.
Damien Reynolds, Chair of the Board of Directors and Chief Executive Officer
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. 000-30150. The company's filings are available on the sec's website at http://www.sec.gov/edgar.shtml.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy of this press release.
No sign of Blackmont, how low will they let it go?
Thanks for the link. Buf's s/p reacted nicely to its upgrade. I believe there is more news too and MMR's PR was just to shake out a few investors before that comes out. It rebounded quite nicely.
I'm pretty happy with the action today. Blackmont was back on the buy side again. They seem to be the biggest supporter of the stock. I here there may be more Mt. Kare news soon.
There is another board for discussing the Lewis property. #board-3637
Its staying consistent with the area. Nothing wrong with that. It definitely not bad news. :)
Not exactly a home run but not bad either.
Madison drills 12.2 m of 6.35 g/t Au on Lewis
Madison Minerals Inc (C:MMR)
Shares Issued 34,348,776
Last Close 11/15/2006 $1.06
Wednesday November 15 2006 - News Release
Mr. Chet Idziszek reports
DRILLING EXPANDS LEWIS GOLD MINERALIZATION
Madison Minerals Inc. is providing results for the initial set of 16 reverse circulation drill holes from its 2006 drilling program at its Lewis property in Nevada. Madison and its joint venture partner, Great American Minerals Inc., have completed 49 drill holes (both infill and step-out) totalling 31,690 feet during this most recent exploration program.
Drill results received to date have confirmed a third style of gold mineralization as splay structures associated with the Virgin structural zone. Of the current drill results available, holes MAD-43 and MAD-57 have successfully intersected one such mineralized splay, while MAD-45 has intersected a separate, subparallel mineralized splay structure 400 feet to the north.
As indicated within the following tables, gold results from the current set of available drill holes (MAD-34 to MAD-46 and MAD-55 to MAD-57) compare favourably with previous drilling results that had partially outlined two distinct mineralization styles within the extensive Virgin structural zone: steeply oriented, higher-grade mineralization and subhorizontal, lower-grade mineralization, all hosted by favourable stratigraphy. A third style of mineralization, discovered by recent drilling, is steeply oriented mineralized splays or cross structures that intersect the north-to-south-trending Virgin structural zone.
STEEPLY ORIENTED MINERALIZED ZONE
Hole No. From-to (m) Interval (m) Gold (g/t)
MAD-36 222.5-231.6 9.1 4.88
MAD-39 89.9-96.0 6.1 4.54
MAD-55 161.5-170.7 9.2 2.17
including 161.5-164.5 3.0 4.94
MAD-56 134.1-135.6 1.5 7.33
These results compare favourably to previously released results from drill intercepts of this mineralized zone,
including those in the accompanying table.
Hole No. From-to (m) Interval (m) Gold (g/t)
MAD-05 53.3-85.3 32.0 17.50
MAD-08 106.7-115.8 9.1 7.00
MAD-17 41.1-44.1 3.0 8.20
MAD-20 50.3-57.9 7.6 7.10
SUBHORIZONTAL MINERALIZED ZONES
Hole No. From-to (m) Interval (m) Gold (g/t)
MAD-40 54.9-71.7 16.8 1.13
including 56.4-59.4 3.0 2.09
MAD-42 129.5-143.2 13.7 1.44
including 134.1-140.2 6.1 2.39
These results compare favourably to previously released results from drill intercepts of these mineralized zones,
including those in the accompanying table.
Hole No. From-to (m) Interval (m) Gold (g/t)
MAD-06 51.8-76.2 24.4 1.35
MAD-19 44.2-70.1 25.9 1.90
MAD-23 115.8-143.3 27.5 1.93
MAD-28 166.1-182.9 16.8 1.28
NEWLY DISCOVERED SPLAY STRUCTURES ZONES
Hole No. From-to (m) Interval (m) Gold (g/t)
MAD-43 137.2-179.8 42.6 2.62
including 138.7-150.9 12.2 6.35
MAD-45 13.7-22.9 9.2 2.51
97.5-102.1 4.6 1.22
MAD-57 121.9-147.8 25.9 1.47
including 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
The intervals reported in the tables use a 0.5-gram-per-tonne-gold cut-off and true widths have not been determined.
Madison anticipates that a second set of drill hole results will be available within two to three weeks for all three styles of mineralization at the Lewis property. Seven of the 16 holes for which results are presently available did not intersect significant mineralization.
Fieldwork was carried out under the supervision of Gerald McArthur, PGeol, a qualified person for the purposes of National Instrument 43-101, who has also verified the data disclosed in this news release. ALS Chemex in Vancouver and TSL Laboratories in Saskatoon, Sask., carried out all assaying.
The Lewis property is being explored by the Phoenix joint venture, comprising Madison as to a 60-per-cent interest and Great American Minerals Inc. as to a 40-per-cent interest. Madison is the operator of the Phoenix joint venture.
© 2006 Canjex Publishing Ltd.
So the big seller from the last week is the big buyer today. Pretty hard to figure out anything from that.
News is imminent so I added another 2k at $1.12.
TD I just emailed you
Who bought the most then ?
Not that much volume, few sellers to hold it down.
Blackmount didnt buy that much
V 46 Blackmont 32,000 34,810 1.09 10,400 10,092 0.97 21,600 -24,718
Blackmont buying like crazy again.
Not sure what to make of it.
Some leakage today on Nevada drills ?
It just keeps adding up.
From October 26 news:
- 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
From September 21 news
- 30.0 metres of 19.2 g/t gold in hole MK06-58
------ Including 6.5 meters of 41.8 g/t gold
- 25.0 metres of 22.6 g/t gold in hole MK06-63
- 29.2 metres of 1.9 g/t gold in hole MK06-68
------ And 24.5 metres of 2.5 g/t gold
------ And 11.0 metres of 2.9 g/t gold
From August 28 news...
49.0 metres of 10.4 g/t gold in hole MK06-50
----- Including 8.0 meters of 29.2 g/t gold
79.1 metres of 3.0 g/t gold in hole MK06-52
40.0 metres of 15.3 g/t gold in hole MK06-53
----- Including 24.0 metres 24.0 g/t gold
26.6 metres of 3.7 g/t gold in hole MK06-56
From August 16 news...
- 33.4 metres of 15.7 g/t gold in hole MK06-09A
------ Including 19.3 metres of 24.32 g/t gold
- 86.0 metres of 4.2 g/t gold in hole MK06-43
------ Including 58.3 metres of 5.83 g/t gold
- 122.0 metres of 2.4 g/t gold in hole MK06-49
------Including 69.0 metres of 3.13 g/t gold
From June 26 news
- 114.8 metres of 4.03 g/t gold in hole MK06-38
- 9.1 metres of 13.11 g/t gold in hole MK06-09
- 56.0 metres of 3.76 g/t gold in hole MK06-19
hole 11 was a good hole in infill drilling the rest of the holes to the north are poor
Nice drills, hope he is right about even better results next.
CIBC and TD the big sellers today, big gold experts there lol
Anonymous the big buyer, hmm.
More Mt. Kare results
Buffalo Gold Reports Additional Mt. Kare Drill Results
New phase of drilling to test magnetic and surface anomalies
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 26, 2006) - Buffalo Gold Ltd. (TSX VENTURE:BUF.U)(OTCBB:BYBUF)(FWB:B4K) is pleased to announce that 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 meters 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.
Some good stuff here on MMR
http://www.stockhouse.ca/bullboards/viewmessage.asp?no=13444254&t=0&all=0&TableID=0
I'm holding. Strong uptrend with results pending on two properties.
Take profits I agree
Just for fun...
Taylor says sell Madison Minerals
2006-10-25 17:41 ET - In the News
Jay Taylor in the Oct. 16, 2006, edition of Gold & Technology Stocks tells readers to sell Chet Idziszek's Madison Minerals Inc. at $1. Mr. Taylor first told readers to buy the precious-metals company at 66 cents on Feb. 25, 2005. A $1,000 investment then would yield a profit of $465. In a recent episode of ROBTv's Market Call Tonight, Mr. Taylor said that he still thought Madison had upside potential. The company holds a 90-per-cent interest in the Mount Kare property in Papua New Guinea. Mount Kare holds an indicated and inferred resource of 1.8 million ounces of gold and 23.8 million ounces of silver. Yet now Mr. Taylor thinks there are better opportunities out there and advises his subscribers to take a profit on Madison. He also cites the need to pare down the number of stocks in his Gold & Technology portfolio.
still got lots left
Too bad. MMR going to $5.00.
took some profits today and put them in gvg
Looks like it since MMR is running without BUF.U this time.
Ya I sold some 1.19-1.21 now it can fly to $2
Madison Minerals grants 1.83 million stock options
2006-10-20 17:56 ET - Options Proposed
Mr. Chet Idziszek reports
MADISON GRANTS INCENTIVE STOCK OPTIONS
Madison Minerals Inc. has granted incentive stock options entitling the purchase of up to 1,837,616 shares of Madison at a price of $1.10 per share, exercisable until Oct. 20, 2011. The grant of these options is subject to regulatory approval.
Nice action today. Sold 5k at $1.15 and bought them back in my RRSP at $1.18. I think we'll see new highs next week if the price of gold holds up.
Lets gooooooooooo!!!!!!!!!!!
Hopefully both.
Hopefully then Nevada drill results soon
Nice end to the week for MMR...
Yes it was and would like to see it above that 1.26 high
good day for MMR considering
ugly ugly ugly market
Brutal market.
xx.x of xx.x = xxxx.x!!
Blackmont bought a lot of MMR yesterday. BUF.U and MMR up. News coming I think.
No problem. I was outta line. If you just want to post OT stuff though there is always this board #board-2004
Cheers.
Sorry ed, shoulda been OT. Just noting what looked like a BO from consolidation.
How is that related to buf.u ?
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