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Detour Gold Corporat (DGC)
27.48 ? 0.27 (0.99%)
Volume: 235,700 @ 12:26:27 PM ET
Bid Ask Day's Range
27.48 27.49 27.24 - 27.97
TSE:DGC Detailed Quote Wiki
management performance often repeat itself -
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=78788039
Detour Gold Corporat (DGC)
26.08 ? 0.88 (3.49%)
Volume: 323,700 @ 4:00:00 PM ET
Bid Ask Day's Range
26.0 26.12 25.58 - 26.15
TSE:DGC Detailed Quote Wiki
management performance often repeat itself -
Gold to Rally Above $1,900 by End 2012: HSBC
Sunday, August 5, 2012 At 11:09PM
Gold could be one of the few assets to profit from the political and economic turbulence in the United States as the “fiscal cliff” approaches, potentially creating a rally in the precious metal later in 2012 for it to reach $1,900 per ounce by the end of the year, analysts at HSBC said.
“Economic uncertainty, geopolitical tensions and the uncertainty of the U.S. November elections are theoretically gold-bullish,” and gold should perform better later in the year “when U.S. growth is poor and the dollar is weak,” a new HSBC report said.
“We expect prices to rally to above $1,900/oz by the end of the year.
Patience is the most important commodity.”
HSBC recommends holding onto gold as an asset that will gain in
value as investors fear the future of the euro and dollar with
governments and central banks expected to intervene to shore up
their currencies’ strength.
compare it to USA king pin -
Rothschild/Hitler super red puppets -
ussr khazar/bolsheviks copycatz -
99.666% against the PEOPLE -
http://www.newsfollowup.com/rothschild_libor_fraud_scandal_pilgrim_society_agius_chicago_obama.htm
Lew Rockwell ~ Gov't is Far Worse Than The Mafia
Detour Gold Corporat (DGC)
26.46 ? -0.62 (-2.29%)
Volume: 213,800 @ 2:42:04 PM ET
Bid Ask Day's Range
26.46 26.48 26.35 - 27.09
TSE:DGC Detailed Quote Wiki
http://www.usdebtclock.org/
Detour Gold Corporat (DGC)
28.08 ? -0.28 (-0.99%)
Volume: 220,400 @ 1:14:40 PM ET
Bid Ask Day's Range
28.07 28.09 27.63 - 28.52
TSE:DGC Detailed Quote Wiki
GOLD to GO Higher than Debt 
Detour Gold Corporat (DGC)
31.87 ? -0.6 (-1.85%)
Volume: 563,400 @ 4:00:01 PM ET
Bid Ask Day's Range
31.79 31.95 31.65 - 33.92
TSE:DGC Detailed Quote Wiki
Detour Gold Corporat (DGC) FIAT$37.55 up $0.43 +1.16%
Volume: 789,200 @ 4:00:01 PM ET STRONG DEMAND
Bid Ask Day's Range
37.55 37.77 36.95 - 38.8
TSE:DGC Detailed Quote
Canada's Largest Gold Play On The GO ~<
http://www.detourgold.com
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56733841
Detour Gold to spend C$125 on mining support equipment, haulage trucks
Shares in the group rose on the announcement it will buy 18 Caterpillar trucks and various mining support equipment over the next two years for use at its Detour Lake gold mine
Posted:Friday,17 Sep 2010
(Reuters) -
Detour Gold Corp (DGC.TO: Quote)said it will spend C$125 million ($121.7 million) to buy mining support equipment and 18 Caterpillar haulage trucks over the next two years for its Detour Lake gold mine in north eastern Ontario.
With the order, the company has entered into commitments of about
C$304 million for the development of the Detour Lake project over the next 27 months, it said in a statement.
The Detour Lake deposit is Canada's largest pure gold play with
reserves of 11.4 million ounces, according to Detour Gold website. This is about 30 percent higher than its October 2009 estimate of 8.8 million ounces.
The Toronto-based gold explorer is evaluating financing proposals for the equipment purchases, including a proposal from Caterpillar Financial Services Corp, a unit of Caterpillar Inc (CAT.N: Quote).
The company said it expects to finalize the terms and conditions for the financing by October.
Six trucks of the initial purchase are to be delivered in the fourth quarter of 2011, while 12 are to be supplied in the second half of 2012,Detour said.
The company said it signed an agreement with Toromont Industries Ltd (TIH.TO: Quote) for the life of mine requirement of up to 36 Caterpillar haulage trucks.
The company also named Julie Galloway as vice president, general counsel and corporate secretary.
Galloway joins from FNX Mining Co where she was corporate secretary.
Detour shares, which have gained about 26 percent since it raised C$252 million for its Detour Lake project late June, were up 3 percentat C$31.75 in afternoon trade Thursday on the Toronto Stock Exchange.($1=1.027 Canadian Dollar) (Reporting by Gowri Jayakumar in Bangalore; Editing by Gopakumar Warrier)
2010 Deep Drilling Program underway at Alexander (Photo of Longyear 55 deep drill rig)
Conquest holds several advanced stage gold properties in the Province
of Ontario, including the strategically important
Alexander Project, located in the heart of northwestern Ontario's
Red Lake gold mining district.
The Alexander Property is situated immediately to the east of Goldcorp's high grade Red Lake mine at Balmer town and has been independently called "the best located exploration property in the Red Lake Gold Camp."
http://www.conquestresources.net/pdfs/CQR_Investor_Presentation.pdf
Conquest has one projects located in the Detour Lake gold mining district of the Northern Abitibi Greenstone Belt,
referred to as the Sunday Lake Project -
http://www.conquestresources.net/news_breaking.php
The property is adjacent to the development project of Detour Gold Inc.
who are planning a "Super Open Pit"
to access a reported 13.2 million ounce gold resource.
Junior Bull Seasonals -
http://www.gold-eagle.com/gold_digest_08/wright080610.html
e.g.,
Conquest Amends Agreement With Detour Gold Corporation on Conquest's Properties Adjacent to Detour Lake Gold Project
TORONTO, ONTARIO--(Marketwire - Aug. 10, 2010) -
Conquest Resources Limited -
(TSX VENTURE:CQR) announces that it has amended a previously
executed letter agreement with Detour Gold Corporation
("Detour Gold") pursuant to which Detour Gold will purchase
Conquest's interest in the Aurora Property and will have
an option to acquire a 50% interest in Conquest's
Sunday Lake Property.
Conquest has now entered into a separate agreement with
NVI Mining Ltd. ("NVI"), an indirect wholly-owned subsidiary of
Breakwater Resources Ltd., to purchase the remaining 40%
interest that it does not already own in the Aurora and
Sunday Lake properties located in the Detour Lake area, Ontario
and to purchase the 2% net smelter royalty interest therein
held by NVI.
The consideration for the acquisition from NVI is
$1.0 million to be satisfied through the payment by Conquest
of $500,000 in cash and the issuance, subject to regulatory
approval, of 3,125,000 shares of Conquest.
Under the amended agreement with Detour Gold,
Conquest will convey to Detour Gold, subject to regulatory
and other approvals, a 100% undivided interest in the Aurora
Property free and clear of the 2% net smelter royalty.
The consideration has been amended to a cash consideration of
$2.0 million, rather than $1.0 million, to reflect that at
the time of Detour Gold's acquisition from Conquest the
Aurora Property and the Sunday Lake Property will not be
subject to the 2% net smelter royalty and that Detour Gold
will not be obligated to incur any exploration expenditures
other than the Sunday Lake Expenditures (as defined below).
The consideration will still include the issuance, subject
to regulatory approval, of 100,000 shares of Detour Gold
to Conquest.
In addition, Detour Gold will have an option to acquire a
50% joint venture interest in the Sunday Lake Property by
completing $1.0 million in exploration expenditures on
the Sunday Lake Property (the "Sunday Lake Expenditures")
over the next two years with a minimum of $500,000 prior
to August 31, 2011.
The Aurora Property and the Sunday Lake Property each
remain subject to an interest held by Prism Resources Inc.
equal to 7.5% of the net profits from the properties.
The Sunday Lake Property lies immediately east of
Detour Gold's Detour Lake Project, along the eastern extension
of the Sunday Lake Deformation Zone, in what is believed to be
a prospective area of this relatively under-explored part
of the Abitibi Greenstone Belt.
The Aurora Property lies south of Detour Gold's Detour Lake Project.
Detour Gold is acquiring the Aurora Property to accommodate
the infrastructure requirements for the development of its
Detour Lake mine.
COMMENT
"We are very pleased to have reached an agreement with Breakwater and a revised agreement with Detour Gold which will be beneficial for all parties," said Terence McKillen, President and Chief Executive of Conquest.
"The amended agreement will result in a transaction value
to Conquest of approximately $4 million of which $1 million
will offset the acquisition by Conquest from Breakwater of
the 40% interest in the properties that it did not previously
own as well as the purchase of the outstanding royalty interest.
In addition, as part of the agreement, Detour Gold will expend
a minimum of $1 million on the Sunday Lake Property over a
two year period with a minimum of $500,000 per year.
Detour Gold's geological knowledge and expertise in the area
will be invaluable in the future exploration on
the Sunday Lake Property," added Mr. McKillen.
ABOUT THE COMPANY
Conquest is exploring several gold projects in Ontario.
These include the Alexander Gold Project at Red Lake;
the Aurora and Sunday Lake properties at Detour Lake;
the King Bay Gold Project at Sturgeon Lake (60% interest);
and the Smith Lake Gold Project at Missanabie.
There are 83,713,637 shares of Conquest issued and outstanding.
This news release may include certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization, resources and reserves, exploration results, and future plans and objectives of Conquest, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Conquest's expectations are exploration risks detailed herein and from time to time in the filings made by Conquest with securities regulators.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or the accuracy of this release.
For more information, please contact
Conquest Resources Limited
Terence N. McKillen
President & CEO
647-728-4126 begin_of_the_skype_highlighting 647-728-4126 end_of_the_skype_highlighting begin_of_the_skype_highlighting 647-728-4126 end_of_the_skype_highlighting begin_of_the_skype_highlighting 647-728-4126 end_of_the_skype_highlighting
or
Conquest Resources Limited
D. Brett Whitelaw
Vice-President
604-662-8633
or
Conquest Resources Limited
John F. Kearney
Chairman
416-362-6686
info@conquestresources.net
http://www.conquestresources.net
http://www.marketwire.com/press-release/Conquest-Amend[img]s-Agreement-With-Detour-Gold-Corporation-on-Conquests-Properties-Adjacent-TSX-VENTURE-CQR-1302858.htm
Detour Gold Corpor C (TSE:DGC)
Last Price (USD) $19.09
Change UP $0.83 (4.55%
Bid 19.09
Ask 19.11
Volume 763,757
Days Range 18.31 - 19.33
Last Trade 3/17/2010 4:31:25 PM
Click for detailed quote page
Conquest FURTHER CLARIFIES IT’S DETOUR LAKE AREA PROPERTY HOLDINGS
PRESS RELEASE
Conquest FURTHER CLARIFIES IT’S DETOUR LAKE AREA PROPERTY HOLDINGS
Toronto, Ontario - March 17, 2010 -
Conquest Resources Limited
(TSX-V: “CQR”) wishes to clarify that it has not acquired any interest
in the Detour Lake Gold Project being developed by Detour Gold Corp.
Conquest has been exploring its own Detour Lake Area properties
(Aurora and Sunday Lake) since 2002 through an option/joint venture
agreement with Prism Resources Inc. and Boliden Westmin (Canada)
Limited (subsequently acquired by Breakwater Resources).
On March 15, 2010
Conquest announced that it has signed an Amending Agreement to
an earlier Option Agreement with NVI Mining Ltd., an indirectly
wholly-owned subsidiary of Breakwater Resources Ltd., and successor
to Boliden Westmin (Canada) Limited, a signatory to the original
agreement, (collectively “Breakwater”) and with Prism Resources Inc.
whereby Conquest agreed to satisfy an outstanding payment obligation
to Breakwater of $200,000 through the issuance to Breakwater of
1,000,000 common shares of Conquest and thereby complete the
acquisition by Conquest of a 60% interest in the Aurora and
Sunday Lake properties, located at Detour Lake Ontario.
Conquest’s Aurora and Sunday Lake properties are located immediately
adjacent to the current mine development project being operated by
Detour Gold Corp. and Conquest has been requested by Detour Gold Corp.
to clarify that Conquest does not hold and has not acquired an
interest in Detour Gold Corp.’s “Detour Lake Gold Project”.
Detour Gold Corp.’s gold deposit lies approximately 500 metres to
the north of Conquest’s Aurora property, while Conquest’s Sunday Lake
property lies approximately 5 km to the east of Detour Gold’s proposed
open pit and is on the same Sunday Lake Deformation Zone.
The Proposed Site Plan for the Detour Lake Gold Project,
published by Detour Gold Corp., indicates that a substantial part
of the Mine Rock Stockpile from the proposed open pit mine is to be
located on Conquest’s Aurora Property Mining Leases.
Detour Gold Corp. has recently made an offer to Conquest to acquire
Conquest’s Detour Lake gold properties, which offer Conquest
considers inadequate and has not been accepted.
Conquest’s properties comprise a substantial land position in
the Detour Lake Area of northeastern Ontario.
Conquest’s properties are strategically located along five (5)
kilometers of the prospective Sunday Lake Fault structure and
also cover some sixteen (16) kilometers of east-west trending
fault zones within the parallel Lower Detour Lake Deformation Zone.
The Detour Lake Deformation Zone is part of the prolific Abitibi
Greenstone Belt and displays classic Abitibi style mineralization
along several east-west structural breaks in the immediate
Detour Lake area.
Conquest’s land position at Detour Lake is made up of mining leases,
mining claims and staked tie-on claims.
The land packages are designated as the Aurora Property and
the Sunday Lake Property.
Substantial exploration programs have been completed on the various
land holdings during the past 25 years, with over $10 million
in exploration expended on target development and diamond drilling
over the entire project area.
The majority of the historic work was carried out by Westmin Resources
(now Boliden-Westmin (Canada) Limited subsequently acquired by
Breakwater) and its former partner Placer Dome Inc., the then operator
of the historic Detour Lake Gold Mine.
Having optioned the properties from Boliden Conquest and its partners
have expended approximately $2.3 million on its Detour Lake area
properties since 2002.
ABOUT THE COMPANY
Conquest is exploring several gold projects in Ontario.
These include the Alexander Gold Project at Red Lake;
the Aurora and Sunday Lake properties at Detour Lake;
the King Bay Gold Project at Sturgeon Lake (60% interest);
and the Smith Lake Gold Project at Missanabie.
Conquest is currently undertaking a drilling program on
its 100% owned Alexander Gold Project in Red Lake, Ontario
(See Press Release dated February 25, 2010).
There are 83,713,637 shares of Conquest issued and outstanding.
This news release may include certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization, resources and reserves, exploration results, and future plans and objectives of Conquest, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Conquest’s expectations are exploration risks detailed herein and from time to time in the filings made by Conquest with securities regulators.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or the accuracy of this release.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Toll free: 1(877) 280-8633
D. Brett Whitelaw, Vice-President – (604) 662- 8633 - Vancouver
Rob Kinloch, Director – (306) 343- 5799 - Saskatoon
Terence N. McKillen, President & CEO – (647) 728- 4126 - Toronto
John F. Kearney, Chairman – (416) 362- 6686 - Toronto
info@conquestresources.net
http://www.conquestresources.net
http://www.conquestresources.net/pdfs/CQR_Investor_Presentation.pdf
http://www.conquestresources.net/projects.php
Developing Detour Lake - The largest gold reserve in Canada -
http://www.detourgold.com/i/pdf/DGC091008.pdf
ex..Conquest's Aurora and Sunday Lake claims at Detour Lake
total 88 square kilometers and are surrounded by Detour Gold Corp's
Detour Lake gold development property.
The Detour Lake Deposit is currently subject of a feasibility study
on the development of a 13.2 million ounce gold open pit resource
which lies approximately 500 metres immediately to the north
of Conquest's Aurora claims.
The Detour Lake gold camp lies within the prolific Abitibi
Greenstone Belt.
The Abitibi Belt has a history of world-class production from
over 100 gold mines totaling nearly 200 million ounces of gold
in historic production and current resources.
>>Is CQR your favorite stock right now?
I keep looking at the location-location-location and the potential
for a quick buy out in case they discover significant gold
next door to Goldcorp.
Mines need huge infrastructure, lots of capital and a good work force
and all is right there at your property line if significant
gold deposits are found.
It has the best chance for a quick JV or buyout I have ever seen
once the size and scope of gold deposit is determined.
The two deeper drill holes not yet reported could sure give a nice clue.<<
well said, ex....
http://www.conquestresources.net/pdfs/CQR_Investor_Presentation.pdf
Detour Mine - Open Pit Mine
Aurora Project, Detour Lake, Ontario
Project Overview
Located in the Northern Abitibi Greenstone Belt, adjacent to the Detour
and Casa Barardi gold mines and the Selbaie copper-zinc mine.
Over $3.7M in historic expenditures by major companies.
Drilling by Conquest identified and/or confirmed the presence of gold
mineralization in two areas.
The GB Zone has been confirmed as a major gold-bearing system with
potential for high grade gold lenses which has now been traced
by Conquest over a strike length of at least 1,800 metres.
At least three lenses of high grade gold mineralization have now
been encountered within the GB Zone.
The drilling on the Sagimeo Lake Shear encountered a new gold-bearing
zone associated with zinc sulphide rich quartz veins, and this zone,
the SLS Zone, has now been established as a significant new
gold-bearing system which strikes northward 4km to
the former Detour gold mine.
The Company has been exploring the possibility of farming out
the Aurora project and has been in discussion with a particular
party over the past 6 months.
However, no agreement has yet been reached.
Aurora and Sunday Lake - Proximity to Detour Gold Corp's Proposed Open-pit Development
Aurora and Sunday Lake - Claims on Landsat Image with Detour Gold Corp's Proposed Mine Planning
Aurora Project, Detour Lake, Ontario
Project Details
The Aurora Property comprises two separate claim groups:
(1) the Main Aurora Property comprises 12 mining leases and lies 4km
south of the Detour mine.
It is 16km in length and varies from 4km to 5 km in width; and
(2) the Sunday Lake Property comprises 3 mining leases and is located
about 4.5km due east of the Detour mine along
the Sunday Creek Deformation Zone
The properties are almost completely overburden covered.
As a result, most of the geological information has been obtained
from diamond drilling and from interpretation of geophysical surveys.
Since 1980, Boliden and various joint venture partners have expended
approximately $3.7 million.
Although the geological environment displays many similarities to that
of the Detour mine, the stratigraphic section on the Aurora Property
is considerably thicker and the structural geology more complex.
There is also a larger number and more complex history of igneous
intrusive bodies, which range from ultramafic to felsic in composition.
Diamond drilling by Westmin Resources Ltd.
(the predecessor company to Boliden) between 1981 and 1989 indicates
two major structural breaks on the Aurora Property called
the Northern and Central Breaks respectively.
Reverse circulation (RC) overburden drilling has detected four strong
gold-in-till anomalies at the bedrock interface in the vicinity of
the two breaks.
Several of the Aurora Property RC holes yielded heavy mineral
concentrate samples with gold-in-till anomalies of >15,000 ppb Au
(> 15g/t Au) and high counts of visible gold grains.
These are comparable with similar anomalies documented down-ice
from the Casa Berardi orebodies, located on the Quebec side of
the nearby provincial border.
Although cut-off points have not been completely defined on
the Aurora Property, it is believed that the Aurora deep
overburden anomalies are close to source.
Placer Dome completed an induced polarization survey and 32 diamond
drill holes in 1996 and 1997. Anomalous gold was intersected in
three holes on the Central Break, the strongest being 1 metre
grading 6.6 g/t Au in PD-064.
Significant visible gold mineralization was intersected in four
areas on a newly-defined break (the Southern Break) at the southern
margin of the Aurora Property.
Two of these intersections are potentially ore-grade.
The gold occurs as native gold associated with quartz veinlets and
as disseminations in sulphide and tourmaline-bearing tuffaceous
chemical sedimentary interflow horizons.
On Section 17,200E, hole PD-059 intersected 3 metres grading
46.2 g/t Au.
This was followed-up with a single hole 100 metres below the
intersection which did not intersect significant mineralization.
Hole PD-058, located 1.6 km to the east on Section 18,800E,
intersected 2.6 metres grading 21.6 g/t Au.
This was followed-up by PD-084 which intersected 2.0 m grading
10.0 g/t Au 70 m below PD-058 and PD-070 which intersected
1.0m grading 2.4 g/t Au 70 m above PD-058.
In the third area, located 300 metres northeast of PD-058 on
Section 19,000E, hole PD-053 intersected
4.9 g/t Au across 1.5 m In the fourth area, on Section 18,200E,
hole PD-075 returned 10.3 g/t Au across 0.9 m.
Potential
Conquest believes that the Aurora Property has significant potential
to host either a major gold deposit based on similarities in structural
and geological setting withother nearby mines within the Abitibi Belt
in Ontario and Quebec, or a poly-metallic volcanogenic base and
precious metal deposit similar to the nearby Selbaie mine
(copper-zinc-lead-silver-gold).
Conquest proposes to conduct a program comprising additional drilling
and exploration on the Aurora Property to follow up on the promising
high grade gold intersections previously encountered in
the North, Central and Southern structural breaks.
Aurora and Sunday Lake - Baselayer Total Mag with 2-VD Interpretation and Claim Boundaries
http://www.conquestresources.net/project_details.php?pid=2&s=m
dd..listen to..
Presentation by John F. Kearney, Conquest's Chairman on "InvestmentPitch.com"....
http://www.investmentpitch.com/media/514/Conquest_Resources_Ltd.__TSXV_CQR/
http://www.conquestresources.net/
imo. tia.
God Bless
Detour Gold - Location Maps -
http://tinyurl.com/yef7hk2
http://www.detourgold.com/s/DetourLake.asp
Detour Gold - Location Map -
Aurora Project, Detour Lake, Ontario -
CQR:TSX
Aurora Project
http://www.conquestresources.net/project_details.php?pid=2&s=o
Conquest has two projects located in the Detour Lake -
gold mining district
of the Northern Abitibi Greenstone Belt, referred to
as the Aurora Gold and Sunday Lake Projects.
The properties are immediately adjacent to the development
project of Detour Gold Inc. who are planning a
"Super Open Pit" to access a reported 13.2 million ounce
gold resource....
http://www.conquestresources.net/
Conquest's Alexander Project in the Red Lake Gold Mining
District of northwestern Ontario, lies immediately east
of Goldcorp's high grade Red Lake and Campbell mines and
is almost completely surrounded by Goldcorp's claim holdings.
The Red Lake mine complex operations at Balmertown collectively
contain over 28 million ounces of gold (reserves plus
historic production).
http://investorshub.advfn.com/boards/board.aspx?board_id=15069
Sentiment : Strong Buy
Imo. tia.
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