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Tamtam,
Thanks for sharing that link.
Indeed gold is flirting with the $2000 mark once above that it could become interesting times
Tamtam,
As of a few minutes ago,gold was at $1964/oz.For a while analysts predicted the price of gold to go up.It looks like it is finally coming to fruition.We may finally see gold go up to over $2000/oz.We may have a chance to get a good deal on the West Cache project,(formerly called TPW).Good luck with your investment.
CDLGold
i
Galleon Gold Expands Land Position at West Cache Gold Project, Timmins Ontario and Provides Corporate Update.
Galleon Gold Corp is pleased to announce that it has expanded its land position at the West Cache Gold Project, Timmins, Ontario. The Company has acquired 8 patent claims, in the Ogden Township, contiguous to the eastern boundary of the property. This private land has been held by the Dwyer family for over 100 years, it was originally purchased by Fredrick D. Dwyer as a gold prospect. Galleon Gold is very pleased that the family has entrusted the stewardship and exploration of this land to the Company. The West Cache Dwyer Land, will retain a 2.0 % NSR which can be purchased for $2,000,000.
Importantly, these claims are on strike and only 600 meters from the proposed open pit location identified in the Company’s current project development plans. With the acquisition of this private ground the Company has gained an additional 2 kilometers of strike potential along the Destor Porcupine Fault Structure corridor.
The Company announced on June 29, 2020 that it had commenced phase one of a core drilling program at the West Cache Gold Project. Prospective areas and drill targets on the Dwyer land will start to be identified for testing in the second phase of the drill program.
President and CEO, Mr. R. David Russell commented, “We are excited to be adding this parcel of land to the West Cache Gold Project. We have previously drilled core holes that have intersected mineralization very close to the eastern boundary of the West Cache property and the western Dwyer land boundary. This may prove to be a very strategic move by the Company. We believe that West Cache Gold has tremendous “Geological Blue Sky” potential and this new land augments this potential. With additional exploration drilling we believe we will be able to demonstrate that the structure that already hosts a gold resource will continue onto this new ground.”
Thanks Doug, I posted the same message on the GGO (PNCKF) board
Thanks Doug.The fact they have mine planning looks promising.It may be economical to mine gold on the WCP,since gold is in the
1700's.
And if you look at the next post,they are sterting to drill and plan on open pit mining,along with getting a new updated NI 43-101 on the West Cache property,formerly called TPW.
Galleon Gold begins phase one drilling at West Cache
2020-06-29 08:17 ET - News Release
Mr. R. David Russell reports
GALLEON GOLD COMMENCES DRILLING AT THE WEST CACHE GOLD PROJECT, TIMMINS ONTARIO.
Phase one drilling has commenced at Galleon Gold Corp.'s 100-per-cent-owned West Cache gold project, located 13 km west of Timmins, Ont. The phase one program is projected to consist of approximately 4,000 metres of infill diamond core drilling. This initial drilling is designed to provide better definition and confirm geological continuity of mineralized gold zones in contemplated open-pit areas, while providing a nominal 50-metre drill spacing. Approximately 30 holes with an average depth of 130 metres will be completed. The drilling contract has been awarded to NPLH Drilling of Timmins, Ont. NPLH has extensive experience with diamond drilling contract work at the project.
The company plans to follow the phase one core drilling program with a second and third phase of core drilling for a total of 15,000 metres. The second phase of core drilling will explore known zones of deeper, high-grade gold mineralization for underground exploration and mine planning, and follow up on any newly identified targets from phase one. Results from the three-phase core drilling program will be used to update the 2013 National Instrument 43-101 mineral resource and support the development of a preliminary economic assessment (PEA).
R. David Russell commented: "We are very pleased to start this next phase in the development of the West Cache gold project. Building upon the existing extensive drill hole database we have been able to design a program that will lead to the completion of a preliminary economic assessment (PEA). We believe the PEA when completed should set the parameters for the next open-pit and underground gold mine to be built in the West Timmins gold camp."
Read at:
https://www.stockwatch.com/News/Item?bid=Z-C%3aGGO-2927056&symbol=GGO®ion=C
Did you see the run in Canada, it doubled in one day.finaly some appreciation.
Indeed that's why it's odd other names changed. I hoped with things would have moved after the take over but there seem no major changes.
Actually,I didn't see Montrose,however the Chester Copper Deposit
stayed the same.
If you look on their website,some of the original names for properties stayed the same.Kidd Creek,Montrose,and PG 101,to name a few.
another company, another name !!
After looking up in Google,we still have that property.According to their website ,the TPW is now called the West Cache Gold project.
Based on Galleon Gold Corp,their website does not show the TPW property.Does anyone know if they sold it or gave that up?
Hopefuly but I doubt it.
Last time I checked,gold is trading in the 1700's.Hopefully this helps our cause.
The COVID 19 may have delayed drilling,or any action,for that matter.
Not much of news here. GGO is silent too.
Galleon gold corp has acquired some land for a gold project.Anyone
know how good the land is?
Has anyone heard any new news,about drilling on TPW property.
Unfortunatly not , it very quiet on that board too.
Have you seen any news on it?
The new company isn't doing very well
Has anyone heard when the new company that bought out EXS plans
to start drilling on TPW property?
I have lost a lot myself.I still believe the TPW property has
a lot of gold in it.What we need to hope for is that ES has enough
influence,politacal pull or clout to get a good deal for it.If
anyone has time I suggest they look up Galleon Gold Corp,however it is spelled,and try to contact investor relations,and do research on what their goals are.
I agree CDL but I have lost a lot in this, hopefully this works out for us. But ES has invested in lot others too..
Many become billionaire by "stealing" it from the weak ones and that's what worries me.
If I am not mistaken,ES is a billionaire,with success,to the point thayt whatever he touches usually turns to gold.If anyone has time they can do a Google search about him.That should indicate what he owns or what success he has had.
What do you think guys? ES connection and other things?
If that be the case,our shares of stock should go up,if VMS is
discovered,at KC.
I would assume that Kidd Creek and all of the other Explor properties went with Explor when it merged with Pure Nickel
I understand we all lost a lot on this one. Somebody posted this pdf link... by Galleon Gold
https://www.galleongold.com/s/pdf/2020-01-09-CP-GGO.pdf
Looks promising ..but it the same when it was EXplorer but may be the connection will help.
I don’t see the Kidd Creek in the project?
While I always like to take profits I am so under the water in this stock I sell it as needed to balance profitable trades thus avoiding a tax liability.
I think it is PNCKF in us exchange.
Eric Sprouts in the team, Hopefully something is up??
What say TT, Doug, CDL and others ? Hopefully we find the greatest discovery :)
Thanks for everyone that gave us the update.
I think GGO.V for Galleon Gold.
However, Galleon Gold finally showed up in my TD Ameritrade account (with the correct 0.5 share for each Explor share) showing the PNCK symbol. No saying when the symbol will change.
I have no idea, maybe goodwithtoys knows. He seemed to be very on top of the company but is now very quiet.
Is it traded as PNCKF ?
Goodwithtoys where are you? Can you explaain why the company that bought all our shares dropped 26% today?
EXSFF: Effective Dec. 30,2019: The delisting of the Company's common shares results from the completion of a three-cornered amalgamation with Galleon Gold Corp. ("Galleon") (TSXV: GGO) (formerly known as Pure Nickel Inc.). As a result of the amalgamation, Galleon indirectly acquired all of the Company's common shares in exchange for 0.5 of a common share of Galleon per each Company's common share.
FINRA will delete the EXSFF symbol:
https://otce.finra.org/otce/dailyList?viewType=Deletions
Hopefuly we do CDLGold. Last couple of days I thought someone in the know gradualy bought shares but yesterdays action says the opposite
Hopefully we get good results on TPW drilling,whenever that starts,and we should get a higher SP if all of that comes to fruition.
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Website:
http://www.explorresources.com/
Explor Resources Inc.
15 Gamble St. E., Suite 204
Rouyn Noranda, QC
Canada J9X 3B6
Explor Resources Inc. is a gold and base metals exploration company with mineral holdings in Ontario, Quebec and Saskatchewan. The company is currently focused on exploration in the Abitibi Greenstone Belt of Ontario and Quebec, where more than 180 M ounces of gold and more than 450 Mt of Cu-Zn ore have been found to date. Explor's total land position in the Abitibi Greenstone Belt is approximately 10,434 hectares. Explor also owns 1,991 hectares of mining claims in Saskatchewan and 250 hectares in New Brunswick.
History and Geological Background:
The property has been explored since 1927 by numerous ground geophysical surveys and diamond drilling of up to 111 holes. In 1984, Dome Exploration discovered and delineated a gold mineralized zone that is approximately 350 meters long and 45 meters wide. The zone strikes east northeast and dips to the north at 70 to 80 degrees. Drill programs by Teck Corporation, Cameco Gold and TOM Exploration Inc., have extended the mineralization to 350 meters of depth. The gold mineralization to date appears to be associated with a major porphyry unit. Cameco's 2002 drilling program at Timmin's Porcupine West Gold property confirmed a large gold system - 2000 meters along strike, up to 1500 meters wide and more than 600 meters deep. (report filed with Ontario Ministry of Mines in 2002).
The most significant deposits in Timmins are spatially associated with porphyry units that are in proximity to the Porcupine Destor Fault. The deposits appear to be also associated with splay faults that trend off to the North of the Porcupine Destor fault inside an interpreted splay fault corridor as shown on the attached plan.
The Timmins Porcupine West Project has as a Target Model "The Hollinger-McIntyre-Coniaurum System." The Hollinger-McIntyre-Coniaurum (HMC) System has produced a total of over 30 million oz of gold is spatially associated with the Pearl Lake Porphyry. The high-grade gold bearing quartz veins which hosted the bulk of the gold at the HMC occurred in the adjacent mafic volcanics, located outboard from the porphyry itself.
Explor intends on the utilization of the existing historical data to create a 3D litho and mineralization model to generate high quality drill targets with an interpreted significant gold mineralization inside that corridor favourable rock package.
Videos
Timmins Porcupine West Exploration video http://explorresources.com/_resources/videos/Explor_Timmins_Porcupine_West.html
B-TV Video http://www.b-tv.com/features/watch-now.html?id=479
DD
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65479007
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69670526
Properties
Ontario http://www.explorresources.com/operations/ontario
Quebec http://www.explorresources.com/operations/quebec
Saskatchewan http://www.explorresources.com/operations/saskatchewan
TPW geology and drill hole location map
TPW geology and drill hole location map
http://explorresources.com/_resources/projects/Map_of_Drill_holes_Dec_2011.pdf
Management Profiles:
ChrisDupont, P.Eng., President and Director
Mr. Dupont is a mining engineer and has been active in the mining industry since early 1970's. He has been involved with junior public companies for more than 15 years. Mr. Dupont has previously held positions as senior mining engineer for Noranda and chief engineer for Exall Resources, as well as project manager for Luzenac Inc., a producer of micronized talc products. His past experience includes President and Director of Kayorum Gold Mines from 1992 to 1997, Director of Fieldex Exploration from 1997 to 1998 and Vice President and Director of TOM Exploration from 2000 to 2006.
JacquesFrigon, Director
Mr. Frigon is a lawyer who has been involved in the exploration industry since 1992. He has held the position of Director for Greenshield Resources Inc. and Fieldex Exploration Inc. Mr. Frigon became member of Explor Resources' Board of Directors in November of 2007.
GeoffCarter, P.Eng., Director
Mr. Carter is a mining engineer and has been active in the mining industry since the late 1960's and involved with public companied for more than 30 years. He has held positions at Anglo American, Hudson Bay Mining & Smelting, and was Vice-President at Inspiration Coal. He has also been a director and president of Ourominas Minerals, director of Bankers Petroleum and Trans Atlantic Enterprises. Since 1990, Mr. Carter has been involved in independent research, due diligence reports, NI 43-101 reports and valuations, as well as general corporate advisory for the mining industry.
Mario Colantonio, P. Eng.
Structural Engineer / Principal
cell: 705-365-8270
Porcupine Engineering Services Inc.
200-81 Shamrock Ave(formerly Commercial),
PO Box 1348
South Porcupine, ON, P0N 1H0
Office (705) 235-2110
Fax: (705) 235-3316
Important Historical Information -Why the HMC Model indicates TPW will have 20-30mil oz. of Gold:
http://thefundamentalview.blogspot.com/search?q=explor+resources&updated-max=2010-09-04T18%3A39%3A00-04%3A00&max-results=20
http://thefundamentalview.blogspot.com/search?q=explor+resources&updated-max=2010-08-23T01%3A54%3A00-04%3A00&max-results=20
http://thefundamentalview.blogspot.com/search?q=explor+resources&updated-max=2009-11-19T16%3A58%3A00-05%3A00&max-results=20
http://thefundamentalview.blogspot.com/search?q=explor+resources&updated-max=2009-08-06T13%3A38%3A00-04%3A00&max-results=20
http://www.stockgumshoe.com/2010/03/tomorrow-the-biggest-gold-story-of-the-last-50-years-hits-the-press-mccoach.html
http://www.tradingmarkets.com/.site/news/Stock%20News/2524597/
The McIntyre-Hollinger, also known as the Schumacher Mine, has been in continuous production since the early 1900's and had produced over 902 t (29 Moz) of gold to 1985. Mineralisation is present as a series of quartz-ankerite veins, stockworks and sinuous lodes and stringers crosscutting the host rocks. These veins outcrop on the Hollinger leases and plunge north-easterly through the McIntyre Mine. They branch at the western end of the Pearl Lake Porphyry (a quartz-albite-sericite schist) and continue east in mafic hosts on both margins of the approximately east-west elongated porphyry body. Individual veins often parallel foliation and fold hinges, while the system as a whole follows the dominant NE trending fold axes. In addition, at McIntyre, there is disseminated auriferous pyrite and quartz vein and stringer mineralisation within carbonaceous and graphitic material.
Interesting Links
The weather forecast at Kidd Creek
http://www.theweathernetwork.com/fourteenday/caon0692
http://www.kitco.com/charts/livegold.html
May 11, 2011 - Explor Intersects 8.12 g/t over 15.3 meters - Press Release:
http://explorresources.com/_resources/news/2011_05_11.pdf
April 19, 2011 - Explor Intersects 9.41 g/t over 7.5 meters on TPW - Press Release
http://explorresources.com/_resources/news/nr_2011_04_19.pdf
February 17, 2011 - Explor Intersects 135.04 g/t over 3.1 meters on TPW - Press Release
http://explorresources.com/_resources/news/2011_02_17.pdf
February 8, 2011 - Explor Starts Drilling Kidd Creek Township Property
http://explorresources.com/_resources/news/2011_02_08.pdf
Explor's April 6, 2010, Press Release:
http://www.explorresources.com/_resources/news/nr_2010_04_06.pdf
Explor's April 21, 2010, Press Release:
http://www.explorresources.com/_resources/news/nr_2010_04_21.pdf
Explor's May 6, 2010, Press release:
Explor's May 10, 2010, Press Release:
Explor's August 11, 2010, Press Release:
Details of Explor's Progress and Prospects for the Future, plus a Corporate Profile:
http://www.explorresources.com/_resources/fact_sheet.pdfl
June 6, 2011
Michael Ballanger: Buy Gold Stocks in May and Make Some Hay (myself)!
by The Gold Report
http://m.ibtimes.com/gold-silver-copper-zinc-lead-157232.html
April 20, 2010
Michael Ballanger: There's Still Money in the Juniors
http://www.theaureport.com/pub/na/6054
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