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Ewan Downie, President & CEO
Phone: 807-346-1390
Fax: 807-346-0100
e-mail: Info@premiergoldmines.com
Web Site:
http://www.premiergoldmines.com
http://investorshub.advfn.com/boards/board.aspx?board_id=10569
Ewan Downie, President & CEO
Phone: 807-346-1390
Fax: 807-346-0100
e-mail: Info@premiergoldmines.com
Web Site:
http://www.premiergoldmines.com
http://investorshub.advfn.com/boards/board.aspx?board_id=10569
Ewan Downie, President & CEO
Phone: 807-346-1390
Fax: 807-346-0100
e-mail: Info@premiergoldmines.com
Web Site:
http://www.premiergoldmines.com
http://investorshub.advfn.com/boards/board.aspx?board_id=10569
Ewan Downie, President & CEO
Phone: 807-346-1390
Fax: 807-346-0100
e-mail: Info@premiergoldmines.com
Web Site:
http://www.premiergoldmines.com
http://investorshub.advfn.com/boards/board.aspx?board_id=10569
Ewan Downie, President & CEO
Phone: 807-346-1390
Fax: 807-346-0100
e-mail: Info@premiergoldmines.com
Web Site:
http://www.premiergoldmines.com
http://investorshub.advfn.com/boards/board.aspx?board_id=10569
Ewan Downie, President & CEO
Phone: 807-346-1390
Fax: 807-346-0100
e-mail: Info@premiergoldmines.com
Web Site:
http://www.premiergoldmines.com
http://investorshub.advfn.com/boards/board.aspx?board_id=10569
Ewan Downie, President & CEO
Phone: 807-346-1390
Fax: 807-346-0100
e-mail: Info@premiergoldmines.com
Web Site:
http://www.premiergoldmines.com
http://investorshub.advfn.com/boards/board.aspx?board_id=10569
Premier Gold Mines L (PG)
5.66 ? -0.06 (-1.05%)
Volume: 182,100 @ 4:00:00 PM ET
Bid Ask Day's Range
5.6 5.69 5.56 - 5.8
TSE:PG Detailed Quote Wiki
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68108423
The Cochenor Williams Mine - I held shares in when Dickenson
bought it with shares and Dickenson become Goldcorp -
its about 25-30 years ago -
http://investorshub.advfn.com/boards/board.aspx?board_id=10569
Hi NYBob thanks for the heads up, just disappointed with the screwing we got here; but PG is a great play.
Premier Gold Mines L (PG) fiat$5.47 Up $0.13 +2.43%
Volume: 435,300 @ 4:00:00 PM ET Strong Demand
Bid Ask Day's Range
5.42 5.47 5.32 - 5.5
TSE:PG Detailed Quote Wiki
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68108423
Goldstone Res (GRC)
1.08 ? 0.0 (0.00%)
Volume: 0 @- ET
Bid Ask Day's Range
- - - - -
TSE:GRC Detailed Quote
http://investorshub.advfn.com/boards/board.aspx?board_id=10569
Premier Gold Mines L (PG)
6.47 ? -0.02 (-0.31%)
Volume: 505,600 @ 4:00:00 PM ET
Bid Ask Day's Range
6.44 6.54 6.35 - 6.59
TSE:PG Detailed Quote
http://investorshub.advfn.com/boards/board.aspx?board_id=10569
Golstone Resources ( (GRSZF)
0.9645 ? 0.0 (0.00%)
Volume: 0 @- ET
Bid Ask Day's Range
- - - - -
GRSZF Detailed Quote
Goldstone Shareholders Approve Acquisition by Premier Gold
http://tmx.quotemedia.com/article.php?newsid=43674516&qm_symbol=GRC
THUNDER BAY, ONTARIO and TORONTO, ONTARIO--(Marketwire - Aug. 8, 2011) -PREMIER GOLD MINES LIMITED (TSX:PG) and GOLDSTONE RESOURCES INC. (TSX:GRC)(PINK SHEETS:GRSZF) are pleased to announce that the previously announced acquisition of Goldstone by Premier pursuant to a plan of arrangement (the "Arrangement") was overwhelmingly approved at the annual and special meeting of Goldstone shareholders held today. The Arrangement will result in Premier acquiring all of the issued and outstanding shares of Goldstone.
Under the terms of the Arrangement, each Goldstone shareholder will receive 0.16 of one Premier common share and a nominal cash payment of $0.0001 for each Goldstone share held. In order to receive the consideration, Goldstone shareholders should follow the instructions that are set out in Goldstone's Management Information Circular dated June 30, 2011, available at www.sedar.com under Goldstone's SEDAR profile. Goldstone's optionholders will receive replacement Premier options, and Goldstone warrants will remain outstanding in accordance with their terms.
Goldstone is seeking a final order of the Ontario Superior Court of Justice (Commercial List), which is expected to be granted on August 12, 2011. Once the final order is received, the Arrangement is expected to be completed on or about August 16, 2011.
About Premier
Premier Gold Mines Limited is a well financed Canadian-based mineral exploration and development company with several projects and deposits in Northwestern Ontario, Nevada and Mexico. Two projects, located in the Red Lake gold mining camp, are operated through joint ventures with Red lake Gold Mines a partnership between Goldcorp Inc. and Goldcorp Canada Ltd. Premier also owns strategic projects located in the heart of the Carlin Trend, Nevada, along strike from Goldcorp's Musselwhite Gold Mine in Ontario and is rapidly advancing the Hardrock Project located along the Trans-Canada highway in the town of Geraldton, Ontario.
About Goldstone
Goldstone Resources Inc. is a gold exploration and development company operating in the historically significant Geraldton-Beardmore camp of Northwestern Ontario and focused on gold exploration and deposit delineation at its Key Lake, Brookbank, Northern Empire and Leitch-Sand River gold properties, and as a partner in the Hardrock Project joint venture with Premier. Goldstone's 100%-owned NI 43-101 compliant resources at Brookbank total 424,000 indicated ounces of gold uncut and 276,600 inferred ounces of gold uncut, using a cutoff grade of 3.4 g/t Au. The Geraldton-Beardmore camp is host to several past producers in a district that has historical production of more than 4.1 million ounces of gold from high grade ore - and to Goldstone's fully permitted, expandable 200-TPD Northern Empire mill.
Further information is available on Premier's website at www.premiergoldmines.com and on SEDAR under Premier's profile at www.sedar.com.
Further information is available on Goldstone's website at www.goldstoneresourcesinc.com and on SEDAR under Goldstone's profile at www.sedar.com.
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this news release may be deemed "forward looking". All statements in this news release, other than statements of historical fact, that address events or developments that Premier/Goldstone expects to occur, are "forward-looking statements". Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "does not expect", "plans", "anticipates", "does not anticipate", "believes", "intends", "estimates", "projects", "potential", "scheduled", "forecast", "budget" and similar expressions, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of the relevant management as of the date such statements are made and are subject to important risk factors and uncertainties, many of which are beyond Premier/Goldstone's ability to control or predict. Forward-looking statements are necessarily based on estimates and assumptions (including that the Arrangement will be completed successfully) that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements, including regulatory and court approval of the Arrangement. Forward-looking statements are not guarantees of future performance, and actual results and future events could materially differ from those anticipated in such statements. All of the forward-looking statements contained in this news release are qualified by these cautionary statements. Premier/Goldstone expressly disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise, except in accordance with applicable securities laws.
Shares Issued
Premier Gold Mines Limited: 104,830,658
Goldstone Resources Inc: 104,814,605
Re the Premier takeover of Goldstone Resources
New update.. with 95 names now on my list
66 against are the proposed deal
5 sold out of GRC
5 happy with the Premier deal
19 people on my have not responded yet...
[color=red]13,835,105 votes against the present Premier Deal
Hi NYBob, I am fully confident Goldstone will prove out a rich vein system, significantly beyond the present grades, I'm just feeling very optimistic about these properties.
Rig Onsite, Drilling at Leitch-Sand River, as Goldstone Begins 2011 Beardmore Exploration Program
Goldstone Resources Inc.
(News - Market indicators)(PINK SHEETS:GRSZF) today
announced that a rig is now onsite and drilling at the Company's
Leitch-Sand River property as the first step in an estimated
20,000-metre 2011 program in the Beardmore camp of
the Geraldton-Beardmore Greenstone Belt.
Exploration at Beardmore is in addition to an ongoing
30,000-metre drill program at Goldstone's Key Lake property
in the Geraldton camp.
The drilling program at Leitch-Sand River will consist of 19
holes for a total of approximately 12,000 metres.
The target area extends over two kilometres to the west of
the Sand River mine shaft covering the Leitch-Sand River No. 2
vein system, the No. 16 vein system, and the Creek vein area.
The program is designed to evaluate some 14 targets on
the property.
Historically, the No. 16 vein system was exposed on the 8th level
(900 feet) of the Leitch Gold Mine and graded 1.53 oz/t Au over
0.63 feet, with a strike length of 805 feet.
Historical mine records indicate that a total of nearly 3,600
tons grading 0.56 oz/t were mined and milled from the No. 16 vein.
The exploration program is planned and executed by George Langstaff, Ph.D., P.G., P. Geo. (Temp.)
and supervised by Tracy Armstrong, P. Geo. Ms. Armstrong
is a Qualified Person within the meaning of National Instrument
43-101, and is actively involved in Goldstone's
2011 exploration program.
"Drawing on results from recent and historic drilling and
from both surface exploration and a 2010 aeromagnetic survey,
we have established initial targets for 2011 Beardmore
drilling at both our Leitch-Sand River and
Northern Empire Mine properties,"
said Philip Cunningham, Chairman and
Interim Chief Executive Officer.
"Our goal remains one of expanding our Beardmore resources
in areas that could potentially be developed sequentially
along with the NI 43-101 compliant resource established
at our Brookbank property."
"Logistical considerations have dictated that we drill first
at Leitch-Sand River, rather than at the McWilliams showing
on the Northern Empire property, which was previously drilled
in the fall of 2010, intersecting a favourable gold-bearing
horizon in hole NE10-03.
McWilliams will be another focal point in 2011," he added.
About Leitch-Sand River Property
The formerly producing Leitch-Sand River Mine is located
seven kilometres from Goldstone's Northern Empire mill,
which is a fully permitted, expandable 200-TPD complex,
located in Beardmore, Ontario.
Historically, the Leitch Mine produced 861,900 oz with an
average ore grade of 0.92 ounces per ton.
The deepest level of the Leitch Mine was level 30 (4,525 ft.
or 1,380 m).
Drifting was completed on this level in order to provide
access to drill test possible depth extensions of Vein #2,
with historical mine records indicating several drill hole
intercepts of more than two ounces per ton over widths of up
to 19 inches, located between 130 and 300 feet below
the 30th level.
About Goldstone
Goldstone Resources Inc. is a gold exploration company
operating in the historically significant Geraldton-Beardmore
camp of Northwestern Ontario and is focused on gold exploration
and deposit delineation at its Key Lake, Brookbank, Northern
Empire and Leitch-Sand River gold properties.
Goldstone is also a partner in the Hardrock Project
joint venture with Premier Gold.
The Geraldton-Beardmore camp is host to several past producers
yielding historical production of more than 4.1 million ounces
of gold.
The majority of the mines in the camp were shut down primarily
as a result of the $35/oz gold price.
Further information is available on the Company's website at
http://www.goldstoneresourcesinc.com
and on SEDAR under the Company's profile at
www.sedar.com.
Forward-Looking Statements
This news release may contain forward-looking information under applicable securities laws concerning Goldstone's business, operations, ---- except as may be required under applicable securities laws.
Neither Toronto Stock Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Goldstone Resources Inc.
Philip Cunningham
Chairman and Interim CEO
(416) 860-1636
http://www.goldstoneresourcesinc.com
http://www.goldstoneresourcesinc.com/pdfs/LeitchSandRiver5_Feb122010.pdf
Goldstone Resource Inc.
The Leitch Mine (now 100% owned by Goldstone) was one
of Ontario’s highest grade and in Canada most profitable gold
mines, producing 860,648 ounces from 906,395 tons of ore at
an average recovered grade of 0.91 oz.Au/ton.
Even more impressively, the average recovered grade over the
last ten years of the mine’s operation was 1.15 oz.Au/ton.
The Leitch Gold Mine had one of the first electical
underground trains in Canada -
http://www.goldstoneresourcesinc.com/leitch.php
http://tmx.quotemedia.com/article.php?newsid=41967253&qm_symbol=GRC
Goldstone Resources (GRC) fiat$0.7 LT strategic golden Au mines treasures bargain play
? -0.04 (-5.41%)
Volume: 71,000 @ 2:32:01 PM ET
Bid Ask Day's Range
0.68 0.71 0.7 - 0.74
TSE:GRC Detailed Quote
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63474377
Goldstone Announces Initial 2011 Key Lake Drilling Results
Highlights: Near Surface Grading 1.56 g/t Au Over 24 m
May 30, 2011 (Marketwire Canada) --
TORONTO, ONTARIO --
Goldstone Resources Inc.
(TSX:GRC) (PINK SHEETS:GRSZF) today announced
first results from the 2011 drilling program at its Key Lake
property where the Company is focused primarily on obtaining
enough drilling information for the purposes of estimating a
NI 43-101 compliant mineral resource and establishing
the viability of an open pit mining operation.
Located just west of Geraldton, Ontario, Key Lake
is contiguous to the Hardrock Project where eight rigs will
be active in 2011 and where diamond drilling by the Company's
joint venture partner, Premier Gold Mines Ltd. (TSX:PG),
as operator, has established a significant gold resource
near surface as well as high grade intersections at depth.
Goldstone holds a 30% carried interest in the Hardrock Project
and a 100% interest in Key Lake and its other properties.
To date in the 2011 Key Lake drilling program, 42 holes have
been completed for a total of 9,000 metres along a strike
in excess of 800 metres.
Complete assay results have been received for 27 holes.
Drilling is primarily focused on identifying near surface
gold mineralization amenable to open pit mining.
All holes drilled to-date have intersected gold mineralization,
including hole KL-11-92 which encountered
gold grading 49.3 g/t over 0.65 metres
(a photograph of the core with visible gold is posted at
http://www.goldstoneresourcesinc.com
Additional holes not yet assayed have also encountered
visible gold.
Results for these holes will be published in a future
press release.
Drilling suggests the potential for defining open-pit style
with wide zones such as in
KL-11-68 that intersected 24 m at 1.56 g/t Au.
Approximately 30,000 metres of drilling are planned for
this year along the main Key Lake corridor,
including testing new anomalies identified by the
IP geophysical survey carried out earlier this year.
The current program is capitalizing on the success of
a 12,000-meter drilling program in 2010 which outlined
significant gold mineralization,
including 3.17 g/t over 44 metres and 2.28 g/t over 42.7 metres.
2011 Significant results received to date are as follows:
http://www.goldstoneresourcesinc.com/news/newsrel-2011_05_30.pdf
http://tmx.quotemedia.com/article.php?newsid=41753343&qm_symbol=GRC
Goldstone Files NI 43-101 Technical Report for Hardrock Project
May 18, 2011 (Marketwire Canada) --
TORONTO, ONTARIO --
Goldstone Resources Inc.
(TSX:GRC)(PINK SHEETS:GRSZF)announced the filing of an updated
NI 43-101 Mineral Resource Estimate for the Hardrock Project
on SEDAR.
The effective of the report is dated April 5, 2011 and is
available for review under the Company's profile at
www.sedar.com.
The report was prepared by Micon International Limited and lists
the following as Qualified Persons for the purposes of
NI 43-101: Charley Murahwi, P.Geo., Sam Shoemaker,
Jr., B.Sc., MAusIMM., Reg.Mem. SME., and Richard Gowans, P.Eng.
The Hardrock Project is a joint venture located just south of
the town of Geraldton, Ontario in which
Goldstone holds a 30% carried interest and
Premier Gold Mines Limited (TSX:PG), as operator,
holds a 70% interest.
About Goldstone
Goldstone Resources Inc.
is a gold exploration and development company operating
in the historically significant Geraldton-Beardmore camp
of Northwestern Ontario and focused on gold exploration
and deposit delineation at its
Key Lake,
Brookbank,
Northern Empire
and Leitch-Sand River gold properties,
and as a partner in
the Hardrock Project joint venture with
Premier Gold.
Goldstone's 100%-owned NI 43-101 resources in the Beardmore area
total more than 800,000 ounces.
In April 2011, Premier announced an updated NI43-101 resource
estimate for the Hardrock Project in the Geraldton area
of 3.6 million ounces of gold in which Goldstone has
a 30% interest (more than 1 million ounces).
The camp is host to several past producers in a district
that has historical production of more than
4.1 million ounces of gold from high grade ore
before being shut down primarily as a result of
a $35 gold price—and to Goldstone's fully permitted,
expandable 200-TPD Northern Empire mill.
Further information is available on the Company's website at
http://www.goldstoneresourcesinc.com
and on SEDAR under the Company's profile at
www.sedar.com.
Forward-Looking Statements
This news release may contain forward-looking information under
applicable securities laws ---- except as may be required under
applicable securities laws.
Neither the Toronto Stock Exchange nor its Regulation Services
Provider accepts responsibility for the adequacy or accuracy
of this release.
Goldstone Resources Inc.
Chairman and Interim CEO
(416) 860-1636
http://www.goldstoneresourcesinc.com
http://tmx.quotemedia.com/article.php?newsid=41434735&qm_symbol=GRC
Hardrock
http://tmx.quotemedia.com/article.php?newsid=40117010&qm_symbol=GRC
The Hardrock Project, located in the Beardmore --
Geraldton Greenstone Belt of Northwestern Ontario,
is consistent with all the hallmarks of Premier's business
model and is a core holding in its exploration portfolio.
Many past-producing sites in Canada are undergoing a renaissance
and today are being recognized for their exceptional potential
to host future world class discoveries.
The Hardrock Project comprises approximately a 15-kilometre
long property package that overlies more than 3.0 million ounces
of past gold production in a district that has historic
production in excess of 4.0 million ounces.
The property lies only a few kilometers south of the Town
of Geraldton, which is serviced by the Trans-Canada Highway,
Trans-Canada Pipeline, and Hydroline.
Exploration is conducted year round.
NI43-101 Compliant Mineral Resources
On April 6, 2011 the Company announced that it had received
an updated National Instrument (NI) 43-101 compliant Mineral
Resource for the Hardrock Project.
This resource included near surface mineralization, including
that contained in the original open pit resource estimate
completed in 2010, and deeper mineralization identified in
the 114,000m of drilling that was completed in 2010.
Highlights of the Hardrock Resource include:
* A 269% increase in Measured and Indicated resources to 2.5 million ounces.
* A 164% increase in Inferred resources to 1.1 million ounces.
* A 30% increase in the "potential open pit" Measured and Indicated resource grade to 2.37 grams per tonne gold (g/t Au).
* A 37% increase in the "potential open pit" Inferred resource grade to 2.48 g/t Au.
* Some 40% of the Measured and Indicated resource ounces are categorized as "Measured."
* A "Whittle-Pit" analysis suggesting a strip ratio on potential open pit mineral resources of 2.1 to 1.
* The Kailey ("potential open pit") Deposit resource is included and contains 127,000 ounces of Measured and Indicated Resources at 1.57 g/t Au and 10,000 ounces of Inferred resources at 1.48 g/t Au.
The mineral resources estimated for the Hardrock project (both the Hardrock and Kailey Deposits) are set out in Table 1 below. They have been subdivided into potentially underground or open pit mineable resources and reported using different cutoff grades.
Goldstone Deploys Third Rig for Key Lake, Beardmore Properties;
Undertakes Limited Drilling Program at Faymar, Near Timmins
IP Identifies Additional Anomalies
May 12, 2011 (Marketwire Canada) --
TORONTO, ONTARIO --
Goldstone Resources Inc.
(TSX:GRC)(PINK SHEETS:GRSZF) announced that a third drill
rig has been added to its 2011 exploration program, initially
for use at its Key Lake property in Geraldton and subsequently
at its Northern Empire and Leitch-Sand River properties near
Beardmore, Ontario.
The Company also said that it plans to drill several targets
over the next few weeks on its Faymar property near Timmins,
Ontario.
Goldstone's overall exploration budget for the year is
approximately $6.5 million.
The Key Lake drilling program, of which 8,286 metres has been
completed by May 10, 2011 as a result of a later–
than-anticipated March 1 start and some earlier operational
difficulties, is primarily focused on identifying near surface
gold mineralization amenable to open pit mining.
About 30,000 metres of drilling are planned for the year at
Key Lake.
Initial assay results are expected to be announced soon.
In addition, in March and April, two large grids totalling 54 km
were cut over other favourable geological horizons and an
IP survey was completed with initial interpretation received
from JVX Ltd., a geophysical contactor and
consulting services company.
A number of significant anomalies have been identified and will
be tested by drilling as soon as ground conditions are drier.
The Key Lake property is contiguous to the Hardrock Project
where eight rigs will be active in 2011 and where diamond
drilling
by the Company's joint venture partner,
Premier Gold Mines Limited (TSX: PG) as operator,
has established a gold resource (near surface as well as in
high grade intersections at depth).
Goldstone holds a 30% carried interest in the Hardrock Project
and in the estimated NI 43-101 resource of 3.6 million ounces
of gold and a 100% interest in Key Lake and all other
properties mentioned in this news release.
Beardmore Properties
In the Beardmore area, interpretation of data on
the Leitch-Sand River and Northern Empire Mine properties
is underway.
Current expectations are for approximately 11,000 metres
of diamond drilling to begin shortly, to explore structural
targets along strike from the Sand River, #16 Vein and
Creek Vein systems at Leitch-Sand River, with drilling
planned on the northeast portion of
the Northern Empire mine and possibly elsewhere.
In addition, drilling will expand on the outcome of the
limited 2010 program completed on the McWilliams prospect,
with an initial four drill holes scheduled.
Work is being conducted by George Langstaff, P.G., P.Geo.
(Temporary), the Qualified Person for the information
contained in this section and a Qualified Person within
the meaning of National Instrument 43-101.
Faymar Property
At the Faymar property, a former producer located in Deloro
Township in the Timmins Gold Camp just south of and adjacent
to the Destor-Porcupine Fault,
....results from the Fugro Airborne
GEOTEM survey carried out earlier this year have outlined
a number of anomalies, four of which will now be tested over
the next few weeks as part of an initial phase of
approximately 1,500 metres of diamond drilling in a
co-operative program with another exploration company which
owns adjoining land.
"We got off to a late and slow start on the Key Lake program,
but have since hit our stride," said Philip Cunningham,
Goldstone's Chairman and Interim Chief Executive Officer.
"These are early days for 2011 exploration, but what we
have seen so far is encouraging."
"Over the course of the year, we will be conducting infill
drilling in previously explored areas to increase confidence
about previous results, as well as testing new targets
suggested by historical results, the IP survey, and a
preliminary open pit analysis conducted earlier," he added.
Goldstone's previously-stated objective is to establish
the viability of an open pit mining operation at Key Lake
and to build a NI 43-101 resource.
The program is also seeking to extend the zone another
kilometre to the west of 2010 drilling where, in addition
to open pit potential, there is higher grade underground
potential as a result of Hole 195-46 drilled by Cyprus
in the 1990's, which returned 44.9 g/t Au over 3.4m,
including 136.1 g/t over 1m (uncut-not true width).
"As we've said before, our objective in Beardmore—where we
are currently prioritizing drill locations—is to develop
more gold resources near our Northern Empire mill which could
be developed sequentially with those identified at our
Brookbank and Northern Empire properties."
Cunningham stated. "We have already outlined a number of
promising anomalies at the McWilliams structure and
look forward to testing these and others in
the Beardmore Camp with one of the three rigs currently at
Key Lake."
About Key Lake
The Key Lake property hosts the former Jelex Gold Mine
which had historical production of 5,675 oz of recovered gold.
The gold mineralization is hosted by greenschist facies
metagreywacke and is associated with alteration, quartz veining,
and disseminated arsenopyrite and pyrite.
Mineralization boundaries are generally gradational and
not visually distinctive.
By the end of 2010, over 200 holes had been drilled over a
3 km long north-northwest trending zone down to a depth of
about 200 m with horizontal spacing of 25-50 m in
the eastern two-thirds and spacing of 25-100 m in
the western third.
About Goldstone
Goldstone Resources Inc. is a gold exploration and development
company operating in the historically significant
Geraldton-Beardmore camp of Northwestern Ontario and focused
on gold exploration and deposit delineation at its Key Lake,
Brookbank, Northern Empire and Leitch-Sand River gold
properties, and as a partner in the Hardrock Project joint
venture with Premier Gold.
Goldstone's 100%-owned NI 43-101 resources in the Beardmore
area total more than 800,000 ounces.
In April 2011, Premier announced an updated NI43-101 resource
estimate for the Hardrock Project in the Geraldton area of
3.6 million ounces of gold of which Goldstone has a 30%
interest (more than 1 million ounces).
The camp is host to several past producers in a district
that has historical production of more than 4.1 million ounces
of gold from high grade ore before being shut down primarily
as a result of a $35 gold price—and to Goldstone's fully
permitted, expandable 200-TPD Northern Empire mill.
Further information is available on the Company's website
at http://www.goldstoneresourcesinc.com
and on SEDAR under the Company's profile at
www.sedar.com.
Forward-Looking Statements
This news release may contain forward-looking information ----except as may be required under applicable securities laws.
Neither the Toronto Stock Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Goldstone Resources Inc.
Chairman and Interim CEO
(416) 860-1636
http://www.goldstoneresourcesinc.com
http://tmx.quotemedia.com/article.php?newsid=41274854&qm_symbol=GRC
http://www.goldstoneresourcesinc.com/leitch.php
Key Lake results, should put some juice in the share price, accumulating and waiting!
May 12, 2011 News release - Goldstone Resources Inc.
The Key Lake drilling program, of which 8,286 metres has been completed by May 10, 2011 as a result of
a later–than-anticipated March 1 start and some earlier operational difficulties, is primarily focused on
identifying near surface gold mineralization amenable to open pit mining. About 30,000 metres of
drilling are planned for the year at Key Lake. Initial assay results are expected to be announced soon.
In addition, in March and April, two large grids totalling 54 km were cut over other favourable geological
horizons and an IP survey was completed with initial interpretation received from JVX Ltd., a
geophysical contactor and consulting services company. A number of significant anomalies have been
identified and will be tested by drilling as soon as ground conditions are drier.
New resource calculations at Hardrock; From the April 6 2011 Report:
http://goldstoneresourcesinc.com/news/GR0406PR.pdf
When these resources are converted to Reserves category we will see a sustained up trend in share price.
Highlights of Micon’s new mineral resource estimate include:
•
A 269% increase in Measured and Indicated resources to 2.5 million ounces.
•
A 164% increase in Inferred resources to 1.1 million ounces.
•
A 30% increase in the “potential open pit” Measured and Indicated resource grade to 2.37 grams per tonne gold (g/t Au).
•
A 37% increase in the “potential open pit” Inferred resource grade to 2.48 g/t Au.
•
Some 40% of the Measured and Indicated resource ounces are categorized as “Measured.”
•
A “Whittle-Pit” analysis suggesting a strip ratio on potential open pit mineral resources of 2.1 to 1.
•
The Kailey (“potential open pit”) Deposit resource is included and contains 127,000 ounces of Measured and Indicated Resources at 1.57 g/t Au and 10,000 ounces of Inferred resources at 1.48 g/t Au
Kiwi on 'Goldstone Resourc (USOTC:GRSZF) (GRSZF)
Very Nice GRS - Easy double from here near term IMO
further out $5.00? what do you think Bob?
Kiwi
thanks, funfiat$5 would be GRC strong Au-bull start
Keiser Report: As Gold As Gold (E140)
kiwisteve' on 'Goldstone Resourc (USOTC:GRSZF)
Yes Sir, Very Nice GRS -
Easy double from here near term IMO
further out $5.00?
Kiwi I agree, total Market Cap: 97,262,753
it doesn't cover the market value of the The Hardrock Project,
a joint venture with
Premier Gold Mines Limited in which
Goldstone holds a 30% carried interest.
In an old research paper dated August 2010, RBC Securities
valued Goldstone’s Hardrock interest at $135 million -
should be much higher today with much more PG drilling done
and a much higher gold price -
so with other words the GRC Gold Mines about five of them
in Beardmore area would be given away free
plus the mill
and all infrastructior incl.
Estimates for Goldstone’s Brookbank deposit and
Northern Empire Mine properties have established resources of
more than 800,000 ounces of gold.
At the Hardrock project, the uncut estimate is 2.3 million
ounces—30% or nearly 700,000 ounces of which belong to
Goldstone through a carried interest.
A foundation of existing infrastructure
Goldstone properties are close to highways, power grids,
and local labour pools and benefit from extensive existing
mining infrastructure above and below ground including
the upgraded, fully-permitted Northern Empire mill.
A rich history of gold production -
The ten formerly productive mines on Goldstone lands—including
The Leitch Gold Mine, at one time Canada's richest—produced
in excess of 4 million ounces of gold.
These mines, which were closed primarily due to a $35 gold
price, remain open at depth and offer major untapped potential
through extensions and parallel occurrences.
Market Cap: funfiat $97,262,753 cover nothing -
http://tmx.quotemedia.com/quote.php?qm_symbol=GRC
$5.-/sh would still be a Au safety bargain fishing
its maybe only about 1 person of 100,000 who invest in GOLD -
so 99,99% have been totally brain-washed by
the nwo 666 banksters gangsters media etc. - ? -
imo.
back to you
Very Nice GRS - Easy double from here near term IMO
further out $5.00? what do you think Bob?
Kiwi
Goldstone Resources (GRSZF) funfiat$0.9396 UP $0.1385 +17.29%
Volume: 49,849 @ 3:33:58 PM ET
Bid Ask Day's Range
- - 0.7718 - 0.9396
GRSZF Detailed Quote
Goldstone Resources (GRC) funfiat$0.93 UP $0.16 +20.78%
Volume: 1,016,296 @ 4:59:42 PM ET Strong Demand
Bid Ask Day's Range
0.92 0.94 0.75 - 0.94
TSE:GRC Detailed Quote
GRC chart TA Signal bullish turnaround start
Goldstone’s Hardrock interest valued at $135 million -
by RBC Securities -
In a research paper dated August 2010 -
Goldstone Resources is a uniquely strong gold presence in the
Geraldton and Beardmore camps of Northwestern Ontario,
combining significant newly discovered and historic resources,
exciting exploration potential, and significant assets,
including an upgraded, fully-permitted permitted mill.
GRC Updated video with Philip Cunningham -
http://www.grcmines.com/
Active exploration at Key Lake and the Hardrock Project
The first phase of a $6.5 million, 50,000-metre 2011 gold
exploration program in the Geraldton campis now underway on -
The Key Lake Gold Mine property, where Goldstone is
seeking to add to gold resources established through a
limited program in 2010 and to establish the viability
of an open pit mining operation.
2010 drilling at Key Lake delineated a mineralization zone
with intersections such as 3.17 g/t Au over 44.0 metres
and 2.28 g/t Au over 42.7 metres.
Two rigs will drill an estimated 30,000 metres in 2011 at
Key Lake.
The objective is to expand the current resource base through
in-fill drilling—with hole targeting assisted by a recently
completed preliminary pit model—as well as to continue expanding
the mineralized corridor an additional kilometer to the west.
In addition, crews will be carrying out line-cutting and IP
surveys on other favourable geological horizons on
the property to outline further drill targets.
Key Lake borders on the The Hardrock Project,
a joint venture with
Premier Gold Mines Limited in which
Goldstone holds a 30%
carried interest.
Major discoveries were made at Hardrock in 2010 and an ambitious
eight-rig program is being carried out in 2011.
In a research paper dated August 2010, RBC Securities
valued Goldstone’s Hardrock interest at $135 million.
Increased drilling in Beardmore, near the Northern Empire Mill
While full plans for the Beardmore camp will develop over the
coming months, an additional drill rig will be employed to drill
promising extensions of the Northern Empire Mine and
the Sand River-Leitch Mine complex,
as well as the McWilliams showing on the Northern Empire
Property, which was previously drilled in the fall of 2010
and intersected a favourable gold-bearing horizon in
hole NE10-03.
Goldstone’s objective in Beardmore is to develop more gold near
the Northern Empire mill which could be developed sequentially
with those identified at its Brookbank and Northern Empire
properties.
The mill is readily expandable to 500 TPD.
Gold 1.5 million ounces of resources, and growing.
Estimates for Goldstone’s Brookbank deposit and
Northern Empire Mine properties have established resources of
more than 800,000 ounces of gold.
At the Hardrock project, the uncut estimate is 2.3 million
ounces—30% or nearly 700,000 ounces of which belong to
Goldstone through a carried interest.
A foundation of existing infrastructure
Goldstone properties are close to highways, power grids,
and local labour pools and benefit from extensive existing
mining infrastructure above and below ground including
the upgraded, fully-permitted Northern Empire mill.
A rich history of gold production -
The ten formerly productive mines on Goldstone lands—including
The Leitch Gold Mine, at one time Canada's richest—produced
in excess of 4 million ounces of gold.
These mines, which were closed primarily due to a $35 gold
price, remain open at depth and offer major untapped potential
through extensions and parallel occurrences.
Welcome to GRC more info
http://www.grcmines.com/
God Bless
dayneyus' on Goldstone Resources (USOTC:GRSZF
Accumulating in anticipation of the Key Lake drill results by end of the month
A contract has been signed with Orbit-Garant Drilling of Val d’Or, P.Q. and two rigs will
actively drill an estimated 30,000 metres in 2011 at Key Lake. The property borders the
Hardrock Project joint venture with Premier Gold Mines Limited (TSX: PG) in which
Goldstone holds a 30% carried interest and where eight drill rigs will be active in 2011.
Remaining assay results from the 2010 Hardrock drilling program by Premier as operator
are expected soon, with an updated NI 43-101 report anticipated by the end of the first
quarter of this year
http://www.grcmines.com/key-lake.php
http://tmx.quotemedia.com/article.php?newsid=38333621&qm_symbol=GRC
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61115255
God Bless
Accumulating in anticipation of the Key Lake drill results by end of the month.
A contract has been signed with Orbit-Garant Drilling of Val d’Or, P.Q. and two rigs will
actively drill an estimated 30,000 metres in 2011 at Key Lake. The property borders the
Hardrock Project joint venture with Premier Gold Mines Limited (TSX: PG) in which
Goldstone holds a 30% carried interest and where eight drill rigs will be active in 2011.
Remaining assay results from the 2010 Hardrock drilling program by Premier as operator
are expected soon, with an updated NI 43-101 report anticipated by the end of the first
quarter of this year.
Goldstone Resources (GRC) funfiat$0.75 UP $0.05 +7.14%
Volume: 78,400 @ 3:25:25 PM ET
Bid Ask Day's Range
0.74 0.76 0.71 - 0.76
TSE:GRC Detailed Quote
Goldstone Resources (GRSZF) funfiat$0.7722 UP $0.043 +5.90%
Volume: 14,500 @ 2:39:40 PM ET
Bid Ask Day's Range
- - 0.7215 - 0.7722
GRSZF Detailed Quote
I think it will be played on the Fib retrace:
I start nibbling some in this area Monday.
Another great buying opportunity!
thank you
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61115255
Goldstone’s Hardrock interest at $135 million -
by RBC Securities -
In a research paper dated August 2010 -
Goldstone Resources is a uniquely strong gold presence in the
Geraldton and Beardmore camps of Northwestern Ontario,
combining significant newly discovered and historic resources,
exciting exploration potential, and significant assets,
including an upgraded, fully-permitted permitted mill.
Updated video with Philip Cunningham -
http://www.grcmines.com/
Active exploration at Key Lake and the Hardrock Project
The first phase of a $6.5 million, 50,000-metre 2011 gold
exploration program in the Geraldton campis now underway on
the Key Lake property, where Goldstone is seeking to add to
gold resources established through a limited program in 2010
and to establish the viability of an open pit mining operation.
2010 drilling at Key Lake delineated a mineralization zone with
intersections such as 3.17 g/t Au over 44.0 metres
and 2.28 g/t Au over 42.7 metres.
Two rigs will drill an estimated 30,000 metres in 2011 at
Key Lake.
The objective is to expand the current resource base through
in-fill drilling—with hole targeting assisted by a recently
completed preliminary pit model—as well as to continue expanding
the mineralized corridor an additional kilometer to the west.
In addition, crews will be carrying out line-cutting and IP
surveys on other favourable geological horizons on
the property to outline further drill targets.
Key Lake borders on the The Hardrock Project, a joint venture with
Premier Gold Mines Limited in which Goldstone holds a 30%
carried interest.
Major discoveries were made at Hardrock in 2010 and an ambitious
eight-rig program is being carried out in 2011.
In a research paper dated August 2010, RBC Securities
valued Goldstone’s Hardrock interest at $135 million.
Increased drilling in Beardmore, near the Northern Empire Mill
While full plans for the Beardmore camp will develop over the
coming months, an additional drill rig will be employed to drill
promising extensions of the Northern Empire Mine and
the Sand River-Leitch Mine complex,
as well as the McWilliams showing on the Northern Empire
Property, which was previously drilled in the fall of 2010
and intersected a favourable gold-bearing horizon in
hole NE10-03.
Goldstone’s objective in Beardmore is to develop more gold near
the Northern Empire mill which could be developed sequentially
with those identified at its Brookbank and Northern Empire
properties.
The mill is readily expandable to 500 TPD.
Gold 1.5 million ounces of resources, and growing.
Estimates for Goldstone’s Brookbank deposit and
Northern Empire Mine properties have established resources of
more than 800,000 ounces of gold.
At the Hardrock project, the uncut estimate is 2.3 million
ounces—30% or nearly 700,000 ounces of which belong to
Goldstone through a carried interest.
A foundation of existing infrastructure
Goldstone properties are close to highways, power grids,
and local labour pools and benefit from extensive existing
mining infrastructure above and below ground including
the upgraded, fully-permitted Northern Empire mill.
A rich history of gold production
The ten formerly productive mines on Goldstone lands—including
the Leitch Mine, at one time Canada's richest—produced in
excess of 4 million ounces of gold.
These mines, which were closed primarily due to a $35 gold
price, remain open at depth and offer major untapped potential
through extensions and parallel occurrences.
Welcome to GRC more info
http://www.grcmines.com/
God Bless
I think it will be played on the Fib retrace: I start nibbling some in this area Monday. Another great buying opportunity!
'NYBob' That chart is my idea of beautiful!
GOLD GRC On the Verge of a Gigantic Move Higher
PRs
Goldstone Provides Hardrock Joint Venture Exploration Update
Feb 09, 2011 08:53 ET
http://www.marketwire.com/press-release/Goldstone-Provides-Hardrock-Joint-Venture-Exploration-Update-TSX-GRC-1392891.htm
God Bless
Goldstone to Begin 2011 Key Lake Drilling Program by February 15
$6.5 Million Committed to Geraldton-Beardmore for 2011
TORONTO, ONTARIO--(Marketwire - Feb. 3, 2011) - Goldstone Resources Inc. (TSX:GRC)(PINK SHEETS:GRSZF) today announced that the first phase of a $6.5 million 2011 gold exploration program in the Geraldton-Beardmore region of Northwestern Ontario will begin by February 15 on its Key Lake property, where the Company is seeking to add to gold resources established through a limited program in 2010 and to establish the viability of an open pit mining operation.
2010 drilling at Key Lake delineated a mineralization zone with intersections such as 3.17 g/t Au over 44.0 metres and 2.28 g/t Au over 42.7 metres.
A contract has been signed with Orbit-Garant Drilling of Val d'Or, P.Q. and two rigs will actively drill an estimated 30,000 metres in 2011 at Key Lake. The property borders the Hardrock Project joint venture with Premier Gold Mines Limited (TSX:PG) in which Goldstone holds a 30% carried interest and where eight drill rigs will be active in 2011. Remaining assay results from the 2010 Hardrock drilling program by Premier as operator are expected soon, with an updated NI 43-101 report anticipated by the end of the first quarter of this year.
"Our objective for 2011 at Key Lake is to expand the current resource base through in-fill drilling—with hole targeting assisted by a recently completed preliminary pit model—as well as to continue expanding the mineralized corridor an additional kilometer to the west," said Philip Cunningham, Goldstone Chairman and Interim CEO.
"In addition, next week we will begin line-cutting and IP surveys on other favourable geological horizons on the Key Lake property to outline further drill targets," Cunningham added.
While full plans for the Beardmore camp will develop over the coming months, an additional drill rig will be added in March to drill promising extensions of the Northern Empire Mine and the Sand River-Leitch Mine complex, as well as the McWilliams showing on the Northern Empire Property, which was previously drilled in the fall of 2010 and intersected a favourable gold-bearing horizon in hole NE10-03.
Goldstone's objective in Beardmore is to develop more gold near the Northern Empire mill which could be developed sequentially with those identified at its Brookbank and Northern Empire properties. The Company recently hired Senior Project Geologist George Langstaff, whose primary mandate for 2011 will be to study and reinterpret past producing properties in the Beardmore camp, to identify additional promising drilling targets for this year and beyond.
In late December 2010, Goldstone commissioned a Fugro Airborne GEOTEM survey over its Faymar Mine property in Deloro Township in the Timmins gold camp. A former producer, Faymar is located just south of and adjacent to the Destor-Porcupine Fault. Results of the survey are currently being interpreted.
Mike Kilbourne. P.Geo., is the Qualified Person for the information contained in this news release and is a Qualified Person within the meaning of National Instrument 43-101.
About Key Lake
The Key Lake property hosts the former Jelex Mine and has an approximate strike length of 2.5km, of which 1.5 Km has seen limited drilling. Historic drilling by Cyprus Canada in the mid-1990's outlined a 40-50m wide zone of disseminated gold with a higher grade core comprised of a quartz-feldspar porphyry. The most significant historical assay from the Cyprus drilling was for hole 195-94 which intersected 1.10 g/t over 86 metres.
About Goldstone
Goldstone Resources Inc. is a gold exploration and development company operating in the Geraldton-Beardmore camp of Northwestern Ontario, host to mines with historical production of more than 4.1 million ounces of gold from high grade ore—and to Goldstone's fully permitted Northern Empire mill. Goldstone is focused on exploration and deposit delineation at its 100%-owned Key Lake, Brookbank, Northern Empire, and Leitch-Sand River gold properties, and as a partner with a 30 percent carried interest in the Hardrock Project joint venture with operator Premier Gold Mines Limited. Eight rigs will be active as part of the 2011 Hardrock Project exploration program.
NI 43-101-compliant resource estimates for the Company's Brookbank (dated May 2009) and Northern Empire Mine properties (dated November 2008) contain combined indicated and inferred resources in excess of 800,000 ounces of gold.
Further information is available on the Company's website at www.grcmines.com and on SEDAR under the Company's profile at www.sedar.com.
ForwardLooking Statements
This news release may contain forward-looking information under applicable securities laws concerning Goldstone's business, operations, financial performance, condition and prospects, as well as management's objectives, strategies, beliefs and intentions. Forward looking information is frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "intend" and similar words referring to future events and results. This forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied by the forward-looking information. Factors that may cause actual results to vary materially include, but are not limited to, inaccurate assumptions concerning the exploration for and development of mineral deposits, delay or inability to retain a senior exploration and/or operating officer, unanticipated operational or technical difficulties, changes in laws or regulations, the risks of obtaining necessary licenses and permits, changes in general economic conditions and changes in conditions in the financial markets. Readers are cautioned not to place undue reliance on this forward-looking information as actual results may differ materially from those expressed or implied in the forward looking information. Goldstone does not assume the obligation to revise or update this forward-looking information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.
Neither Toronto Stock Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
http://www.marketwire.com/press-release/Goldstone-to-Begin-2011-Key-Lake-Drilling-Program-by-February-15-TSX-GRC-1389956.htm
Goldstone Resources (GRC) fiat$0.89 UP $0.04 +4.71%
Volume: 169,332 @ 3:54:41 PM ET
Bid Ask Day's Range
0.88 0.89 0.87 - 0.9
TSE:GRC Detailed Quote
Goldstone Announces Eight-Rig Exploration Program Planned for Hardrock Project in 2011
Jan 18, 2011 15:42 ET
http://www.marketwire.com/press-release/Goldstone-Announces-Eight-Rig-Exploration-Program-Planned-Hardrock-Project-2011-TSX-GRC-1381911.htm
Goldstone Announces Balance of 2010 Drilling Results, Plans More Intensive 2011 Program for Key Lake, Beardmore
Jan 11, 2011 08:15 ET
http://www.marketwire.com/press-release/Goldstone-Announces-Balance-2010-Drilling-Results-Plans-More-Intensive-2011-Program-TSX-GRC-1378419.htm
Goldstone Announces Eight-Rig Exploration Program Planned for Hardrock Project in 2011
Jan 18, 2011 15:42 ET
http://www.marketwire.com/press-release/Goldstone-Announces-Eight-Rig-Exploration-Program-Planned-Hardrock-Project-2011-TSX-GRC-1381911.htm
Goldstone Announces Balance of 2010 Drilling Results, Plans More Intensive 2011 Program for Key Lake, Beardmore
Jan 11, 2011 08:15 ET
http://www.marketwire.com/press-release/Goldstone-Announces-Balance-2010-Drilling-Results-Plans-More-Intensive-2011-Program-TSX-GRC-1378419.htm
Peter Brimelow: Gold is pole-axed but bugs (and others)
are calm
Submitted by cpowell on Thu, 2011-01-06 13:47.
Section: Daily Dispatches
By Peter Brimelow
MarketWatch.com
Thursday, January 6, 2011
http://www.marketwatch.com/story/gold-pole-axed-but-bugs-and-others-calm-2011-01-06
NEW YORK -- Gold gets pole-axed, but the radical gold bugs, and even some more orthodox observers, remain calmly confident.
Gold's sell off offers a new entry point; maybe a significant
ride down before its over?
Lindsey Williams video was interesting view of those who
are trying to impose their will on the world.
The nwo tell the slaves what's comes 2011 -
from their 666-banksters gangs -
GRSZF bargain time, hyperinflation will drive gold to unthinkable heights -
http://goldswitzerland.com/index.php/hyperinflation-will-drive-gold-to-unthinkable-heights/
Gold's sell off offers a new entry point; maybe a significant ride down before its over?
Lindsey Williams video was interesting view of those who are trying to impose their will on the world.
The nwo tell the slaves what's comes 2011 -
from their 666-banksters gangs -
Goldstone Resources (GRSZF) fiatt$1.044 UP $0.0245 +2.40%
Volume: 1,800 @ 3:40:43 PM ET
Goldstone Resources (GRC) fiat$1.05 UP $0.04 +3.96%
Volume: 113,275 @ 4:29:48 PM ET
Bid Ask Day's Range
1.04 1.05 1.03 - 1.05
Investing in gold and silver
dayneyus thanks, the last two candlesticks formed a Bullish Engulfing Pattern .
This is a bullish reversal pattern that marks
a potential change in trend.
dayneyus hope you had a great Christmas,
and hope we all now have a great 2011.
That is one beautiful Pendant pattern with Golden Cross wow ~<
Merry Christmas
'NYBob' Hope you had a great Christmas, now have a great 2011. That is one beautiful Pendant pattern with Golden Cross wow!
Goldstone Resources (GRSZF) fiat $1.0471 bargain play
Merry Christmas
Gold price eases before Thanksgiving holiday -
The COMEX December gold futures contract closed down $4.60 Wednesday at $1373.00, trading between $1368.70 and $1381.00
November 24, p.m. excerpts:
(from RTTNews) --
Thanksgiving Day holidayGold prices edged down amid a firm
dollar, as investors cautiously shifted to more risky assets
following a batch of mostly positive economic data from the US.
Data released this morning revealed initial jobless claims
unexpectedly fell last week, and a gauge of consumer sentiment
was revised upwards. However, orders for US-made durable goods
and sales of new homes dropped...more
(from Xinhua) --
The U.S. Commerce Department announced Wednesday that the
year-over-year rate for core personal consumption expenditures
in October, which exclude food and energy, added a record low
of 0.9%.
The poor reading fed into growing concerns that inflation is
stabilizing at a level too low for the comfort of the Fed,
but also offered investors less reason to purchase bullion
as a hedge against inflation.
Traders noted that the market was also hammered by investors'
profit-taking ahead of the Thanksgiving holiday...more
(from Bloomberg) --
Yesterday, gold jumped 1.6% after North Korea fired artillery
at a South Korean island and the euro plunged on concern that
Europe's debt crisis may spread.
But the euro was little changed against the dollar today,
and Asian stocks pared losses after the U.S. sent an aircraft
carrier to take part in exercises off the Korean Peninsula.
"Gold is giving back some of the flight-to-safety bid,"
commented Frank Lesh, trader at FuturePath Trading LLC.
"The Korean conflict hasn’t erupted into something bigger yet,
and the euro has stabilized."...more
(from Dow Jones) --
The most actively traded contract, for December delivery,
settled down 0.3% on the Comex.
But gold prices are unlikely to see meaningful declines
as concerns about Europe's sovereign-debt contagion and recent
tensions between North and South Korea remain with the market.
"The Korean tension and the euro-zone problems will keep a
floor under gold prices, so look for any selling to be shallow
and brief," said Matt Zeman, head of trading at
LaSalle Futures in Chicago...more
(from Marketwatch) --
Embattled Irish Prime Minister Brian Cowen on Wednesday detailed
€15 billion worth of tax hikes and spending cuts designed
to slash Ireland's budget deficit over the next four years
as the government negotiates a rescue package with the
European Union and the IMF.
Seen as a prerequisite for receiving EU-IMF aid, the plan
aims to cut the deficit from more than 11% of gross domestic
product, excluding the cost of its massive bank bailout plan,
to 3% by 2014.
Including the bailouts, this year’s deficit is estimated
at around a third of Irish GDP...more
(from TheStreet) --
Investors are now turning more of their focus to the problems
in Spain and Portugal.
The interest rates the countries must pay in order to borrow
money from the debt market rose again Tuesday, with the yields
on the 10-year Treasury 7.02% for Portugal and 4.93% for Spain.
Portugal's economy, like Ireland's and Greece's, is much
smaller, but if Spain were to be frozen out of the debt markets,
some analysts worry a bailout wouldn't be enough...more
The more PM's jumps the better - the higher PM's JUMP UP TO FLY ~<
Ponzi scheme - Fiat money - made out of nothing -
http://video.google.com/videoplay?docid=-8484911570371055528&q=creature+jeckyll&ei=c8kMSKSjJZPE2AKU2826BA#
FED - Power Center - Created @ NWO -
The PM Real Money - Created by the Mother Load smile
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56345052
Gold & Silver have replaced every 666 fiat currency
for the past 3000 years -
http://www.kwaves.com/fiat.htm
Happy Thanksgiving
God Bless
Dome Mine underground and a central milling facility
within the city of Timmins, Ontario.
Several of the mines we toured were open pits.
Each of the wheels on these trucks in the Dome Mine pit
are twice as tall as Dr. van Hees
(and that’s saying something!).
In terms of total employment, the Porcupine Joint Venture (PJV)
was next with 600 employees and 185 contractors at the end of
2006.
The PJV is a partnership between Goldcorp (51 per cent) and
Kinross (49 per cent) with the former as the operator.
Three gold mines are operated by the PJV, the Dome, Hoyle Pond
and Pamour.
All ore is trucked to the 15,000 tonnes per day mill at
the Dome Mine.
Rio Tinto-Luzenac operate the talc Penhorwood Mine in Penhorwood
Township 75 km west of Timmins but process the ore at their
concentrator and micronizing mill in the former
Hollinger Gold Mine buildings in the centre of the city.
The operation had 62 employees at year’s end.
The PJV Dome Mines have produced more than 64 million ounces of gold
since production began in 1910 -
running low on ore and keep on the lookout for more -
Faymar Gold Mine Property -
is near Dome Mine Mill Facility -
and within close trucking distance -
Through its amalgamation with Faymar, Goldstone owns a 100%
interest in 26 patented claims, totaling 399 hectares
(985.5 acres) in Deloro Township near -
The Dome Gold Mine in Timmins.
http://en.wikipedia.org/wiki/Dome_Mine
The patents contain the past producing
Faymar Gold Mine -
old Gold producer -
which produced 119,181 tons at
an average recovered grade
of 0.183 ounces of gold per ton
and 0.11 ounces of silver per ton
between 1940 and 1942.
A total of 44,028 tons were also processed in
the Faymar mill -
from the nearby Fuller property at an
average recovered
grade of 0.148 ounces of gold per ton.
The Faymar patents are located in the Porcupine Gold Camp -
one of the richest gold camps in the world -
Is underlain by Archean supracrustal rocks of
the Abitibi Greenstone Belt.
On the property, they predominantly consist of andesite and
basalt flows of the Deloro Group with minor iron formation.
A large body of dunite ultramafic occurs in the northwest
corner of the property and east-striking quartz-feldspar
porphyry dykes intrude the volcanic rocks and dunite.
Several faults occur on the property and are splays from
the nearby Destor-Porcupine Fault, a large regional structure
important in localizing gold in the Timmins area.
Gold on the Faymar property -
is hosted in a series of quartz veins and shears,
marginal to porphyry dykes.
An old asbestos deposit is also located in the ultramafic rocks.
An airborne magnetic and electromagnetic survey flown over
the Timmins area in 1987 detected a series of linear magnetic
and electromagnetic anomalies on the Faymar patents and
no follow-up work has been carried out to test their potential.
Goldstone (Ontex) announced encouraging results on the 2002 exploration
program on the Faymar Property in Deloro Township.
A mapping program -
re-discovered the 60-year old workings -
along a NW trending, high-grade gold-quartz vein -
from which samples returned values
up to Gold 56 g/t Au.
The POG price of gold in 2002 about $300/oz was low and
Ontex - Goldstone, however, was primarily interested
in examining the untested PGE potential of
the ultramafic rocks that lie
to the west of the Faymar Gold Mine -
and also contains -
Platinum and Paladium -
Surface samples from the ultramafic rocks returned values
up to 0.5 g/t Pt Platinum + Pd Paladium and 0.6% Ni Nickel.
A follow-up 2,419 m (13 hole) diamond drill program yielded
concentrations up to 0.96 g/t Pt+Pd over 1.6 m and 0.7% Ni.
http://www.grcmines.com/faymar.php
The Dome Gold Mine
Was the first producing gold mine in Timmins.
In the spring of 1909, a prospecting team led by Harry Preston
and Jack Wilson uncovered a mound or dome of golden crusted
quartz.
They staked their claims and called it “The Big Dome”.
The mine started as an underground operation and expanded
to include the super pit. It consists of many buildings
including the head frame (building with the red top),
mill, shops, and office building.
To date, it has produced over 17 million ounces of gold.
Not only was it one of the first mines to be discovered,
but it is Canada’s longest running gold mine.
Pamour Mine/Porcupine Joint Venture
Its ore body was first staked in 1909 by a prospector named
A.C. Brown, but for a variety of reasons, such as
the Great Fire of July 11, 1911, World War I, and
the stock market crash of 1929, along with a general lack
of funds, the mine had a difficult start-up.
In 1935, a deal was made between Noranda Mines Ltd. and
Pamour Porcupine Mines Ltd. to bring the mine into production
with Quebec Gold as the manager.
The name Pamour comes from a combination of the names of
two prospectors, Firman La Palme, and Wilfrid D’Amour who
were connected to the property at various times.
The Porcupine Joint Venture,
a joint development project by
Placer Dome Ltd. and Kinross Gold Corp
saw the Pamour pit
back in operation in 2005.
The relocation of Highway 101 allowed for the expansion of
the super pit and rerouted traffic to the south side of
Three Nations Lake.
Reserves are estimated at 1.8 million ounces of gold.
Porcupine Gold Mines Camp -
- 100th Anniversary Video -
Great News! Thanks NyBob.
Goldstone Announces Flow-Through Financing
TORONTO, ONTARIO, Nov. 22, 2010 (Marketwire) --
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
http://tmx.quotemedia.com/article.php?newsid=35927536&qm_symbol=GRC
Goldstone Resources Inc.
(TSX:GRC)(PINK SHEETS:GRSZF) today announced that it has agreed to issue and sell 4,350,000 common shares on a flow-through basis by way of a guaranteed private placement led by Primary Capital Inc at a price of $1.15 per share, for aggregate gross proceeds of $5,002,500.
Goldstone will pay a commission equal to 6% of the gross proceeds raised under the offering. Insiders of Goldstone will purchase in the aggregate up to 250,000 of the flow-through shares comprising the offering. The commission payable on the flow-through shares issued to insiders will be reduced from 6% to 3%.
Proceeds of the offering will be used by Goldstone for Canadian Exploration Expenses (within the meaning of the Income Tax Act (Canada)) in relation to Goldstone's exploration program to be conducted primarily on its Key Lake property near Geraldton, Ontario as well as on its Brookbank, Leitch-Sand River, and Northern Empire properties in the Beardmore Camp.
Closing of the private placement, which is currently expected to occur on or about December 16, 2010, is subject to certain customary conditions, including, but not limited to, the receipt by Goldstone of all necessary approvals and consents, including the approval of the Toronto Stock Exchange.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State or other jurisdiction in which such offer, solicitation or sale would be unlawful.
About Goldstone
Formed by a late 2009 merger of Ontex Resources and Roxmark Mines, Goldstone Resources is a gold exploration and development company operating in the historically significant Geraldton-Beardmore camp of Northwestern Ontario and focused on gold exploration and deposit delineation at its Key Lake, Brookbank, Northern Empire and Leitch-Sand River gold properties, and as a partner in the Hardrock Project joint venture with Premier Gold Mines Limited. The camp is host to several past producers in a district that has historical production of more than 4.1 million ounces of gold from high grade ore before being shut down primarily as a result of a $35 gold price-and to Goldstone's fully permitted, expandable 200-TPD Northern Empire mill.
Further information is available on the Company's website at www.grcmines.com and on SEDAR under the Company's profile at www.sedar.com.
Forward-Looking Statements
This news release may contain forward-looking information under applicable securities laws concerning Goldstone's business, operations, financial performance, condition and prospects, as well as management's objectives, strategies, beliefs and intentions. Forward looking information is frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "intend" and similar words referring to future events and results. This forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied by the forward-looking information. Factors that may cause actual results to vary materially include, but are not limited to, inaccurate assumptions concerning the exploration for and development of mineral deposits, delay or inability to raise additional financing on satisfactory terms, unanticipated operational or technical difficulties, changes in laws or regulations, the risks of obtaining necessary licenses and permits, changes in general economic conditions and changes in conditions in the financial markets. Readers are cautioned not to place undue reliance on this forward-looking information as actual results may differ materially from those expressed or implied in the forward looking information. Goldstone does not assume the obligation to revise or update this forward-looking information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.
Goldstone Resources Inc. Chairman and Interim CEO (416) 860-1636
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The Leitch Mine (now 100% owned by Goldstone) was one of Ontario’s highest grade and most profitable gold mines, producing 860,648 ounces from 906,395 tons of ore at an average recovered grade of 0.91 oz.Au/ton.
Even more impressively, the average recovered grade over the last ten years of the mine’s operation was 1.15 oz.Au/ton.
Welcome to Goldstone Resources Inc. new website -
The community with “a heart of gold”, Geraldton was founded originally as a gold mining camp known as Little Long Lac
in the early 1930’s. Ten gold mines fed the fires of a booming local economy for more than 30 years.
The MacLeod-Cockshutt Mining Headframe is now an historical landmark standing in Geraldton today.
Gold chart LT 2nd bull wave and most peaks in gold are
covered by a war ...
..in case of WW the gold producer -
need to be in strategic LT safest place -
www.goldstoneresourcesinc.com/
Roxmark Mines Ltd..
MacLeod-Cockshutt Gold Mine -
The Northern Empire mine was operated successfully by Newmont Mines, producing 149,053 ounces of gold from 425,866 tons with a recovery of 0.35 oz. in gold per ton. It is serviced with a shaft to 2,460 feet with development above and below a major flat diabase sill. The mine ceased mining operations in 1942.
The Mine itself has been re-evaluated for additional ore potential, in particular a parallel vein structure to the north of the mined Power Zone called the Contact Zone.
In the 1980's a 200 ton per day mill was built on the property for the purpose of cutom milling old waste piles from the Leitch and Northern Empire mines. This mill is expandable to 500 tons per day and has recently been upgraded for running of varying base metal ores in addition to the original gold.
Mineral Development Home | History | Current exploration | Data downloads
Owner: | |
Commodity: | Gold (Au) |
Operation: | 1934-1941 |
Ore mined: | 425,866 tons |
Gold produced: | 149,053 oz (4225578 g*) |
Recovered grade: | 0.35 OPT** ( 12 g/t***) |
Mine type: | Underground Narrow vein Quartz |
Mining method: | Resuing |
Status of modeling: | In progress - near completion ( View data ) |
Status: | Exploration for re-opening |
* 1 Ounce = 28.3495 g |
The Northern Empire mine was operated successfully by Newmont Mines, producing 149,053 ounces of gold from 425,866 tons with a recovery of 0.35 oz. in gold per ton. It is serviced with a shaft to 2,460 feet with development above and below a major flat diabase sill. The mine ceased mining operations in 1942.
The Mine itself has been re-evaluated for additional ore potential, in particular a parallel vein structure to the north of the mined Power Zone called the Contact Zone.
In the 1980's a 200 ton per day mill was built on the property for the purpose of cutom milling old waste piles from the Leitch and Northern Empire mines. This mill is expandable to 500 tons per day and has recently been upgraded for running of varying base metal ores in addition to the original gold.
2007 and 2008 saw extensive drilling which has identified more than 25000 ounces of gold (43-101 compliant) reserves with the new Contact Zone as well as un-mined areas of the Power Zone.
Currently, Roxmark is evaluating the economics of re-opening the mine in the near future.
Hardrock Mine was first discovered in 1931 by “Hardrock” Bill Smith and Stan Watson on Discovery Point of Kenogamisis Lake . A village grew up at Hard Rock in 1934. Shaft sinking began in 1935, and Hard Rock Gold Mines, Ltd., became the third producing gold mine in the Little Long Lac gold camp by January, 1938.
Two shafts were sunk between 1934 and 1951; No. 1 to 475 feet, No.2 to 1,410 feet; connected to each other at 475-foot level. A cianide mill, capacity 200 tons per day was installed, capacity was later increased to 500 tons per day. In total the Hard Rock Mine produced 269,081 ounces of gold and 9,009 ounces of silver. The mine began operating in January 1938, and tonnage rose each year until it peaked in 1942. As with other mines, the war years meant difficulty in keeping miners.
The Hard Rock Mine closed in 1951 after having given up 269,081 ounces at an average grade of 0.18 OPT. When the enterprise closed, Mosher Longlac purchased the plant and equipment.
Current operations
Currently Premier Gold mines is drilling the property to identify additional gold resources.
Mineral Development Home | History | Current exploration | Data downloads
Owner: | |
Commodity: | Gold (Au) |
Operation: | 1938-1951 |
Ore mined: | 1,458,375 tonnes |
Gold produced: | 269,081 oz (7628312 g*) |
Recovered grade: | 0.18 OPT** (6.2 g/t***) |
Mine type: |
|
Mining method: |
|
Status of modeling: | In progress |
Status: | Exploration for re-opening |
* 1 Ounce = 28.3495 g |
There were 14 past producing gold mines in the Greenstone region operating between 1934
and 1968. While other gold belts have seen decades of new exploration and new mines, the Beardmore/Geraldton gold belt has been fogotten, until recently.
Today there is renewed interest in both the past producing gold mines as well as new
potential mines in the region.
View Mine locations in Google Earth™ (.kmz) - Februray 2009
( Download/install Google Earth™ - its free!)
Past Producers(1934-1968) | Tons Milled | Average Grade of Gold (oz/ton) | Gold Produced (oz) |
1. Leitch Mine | 920,745 | 0.92 | 847,690 |
157,870 | 0.32 | 50,065 | |
425,866 | 0.35 | 149,493 | |
4. Magnet Mine | 359,912 | 0.42 | 152,089 |
1,780,516 | 0.34 | 605,499 | |
231,009 | 0.29 | 66,417 | |
7. Hard Rock | 1,458,375 | 0.18 | 269,081 |
10,337,229 | 0.14 | 1,475,728 | |
2,710,657 | 0.12 | 330,265 | |
10. Talmora-Long Lac | 6,634 | 0.21 | 1,417 |
11. Jellicoe Mine | 10,620 | 0.40 | 4,238 |
12. Tombill Mine | 190,622 | 0.36 | 69,120 |
3,525 | 0.70 | 2,460 | |
145,123 | 0.51 | 73,438 | |
Total Beardmore-Geraldton | 18,738,703 | 0.30 | 4,097,000 |
The Little Longlac Gold Mine -
1934. The mine produced 605,000 oz of Gold -
from 1.8 million tons of ore.
Mineral Development Home | History | Current exploration | Data downloads
Owner: | |
Commodity: | Gold (Au) |
Operation: | 1934-1954, 1956 |
Ore mined: | 1,780,516 tons |
Gold produced: | 605,499 oz. (17165594 g*) |
Recovered grade: | 0.34 OPT** (12g/t***) |
Mine type: |
|
Mining method: |
|
Status of modeling: | In progress |
Status: | Exploration for re-opening |
* 1 Ounce = 28.3495 g |
In February of 1933, Little Long Lac Gold Mines, Ltd., was incorporated and by March of the same year, the company commenced sinking of a three-compartment shaft. The Little Long Lac Mine was the first gold producer in the Geraldton area. In 1935, the first full year of operation, the mine milled 62,073 tons (averaging 0.507 ounces of gold per ton) to produce 31,454 ounces of gold and 2,710 ounces of silver.
In 1953, its last year of production, the Little Long Lac Mine produced 23,037 ounces of gold, grading 0.277 ounces per tonne.
In 1995, Roxmark acquired from Algoma Steel Inc. the Little Longlac Mine Property, which consists of 39 patented mining claims and licensed occupation leases on 1,538 acres in Errington and Ashmore Townships. The property is under a 99-year lease from January 1, 1974 and produced 605,000 ounces of gold from 1.8 million tons at an average recovered grade of 0.34 oz. in gold per ton. Development included a shaft and winze to a depth of 3,950 feet.
Currently Premier Gold mines is actively exploring the area for new gold resources.
The Magnet Gold Mine -
(1936) The Mine produced 152,000 oz. of Gold
from 360,000 tons of ore.
Mineral Development Home | History | Current exploration | Data downloads
Owner: | |
Commodity: | Gold (Au) |
Operation: | 1938-1943, 1946-1952 |
Ore mined: | 359,912 tons |
Gold produced: | 152,089 oz. (4311647g*) |
Recovered grade: | 0.42 OPT** (14g/t***) |
Mine type: |
|
Mining method: |
|
Status of modeling: | In progress |
Status: | Exploration for re-opening |
* 1 Ounce = 28.3495 g |
Acquired in 1980, Roxmark’s 100% interest in the Magnet Mine property (formerly held by Magnet Consolidated Mines Limited) consists of 27 mining claims under a 21-year renewable lease covering 974 acres located in Errington Township. Also included in the 27 mining leases are a total of 19 claims covering 812 acres which includes surface rights to leases on the property.
The Magnet Mine property is equipped with headframe, production hoist, compressors, certain mining equipment, generator, hydro substation, shop, dry, office, etc. Roxmark drilled an exploratory hole from the shaft station at the 11th level south through the Bankfield Tombill Fault. It encountered a high grade intersection averaging 1.32 oz. in gold over 4.4 feet. The intersection will be followed up by drilling from the mine workings west on the 11th level and east of the shaft on the 7th level. This zone will probably surface on the Company-controlled McLellan Joint Venture property. This intersection is not included in the potential resources. The mine was inactive since 1988.
Currently Premier Gold mines is exploring the property for additional gold resources.
The Bankfield Gold Mine -
produced nearly 70,000 oz. of Gold -
from ore mined at shallow depths.
Mineral Development Home | History | Current exploration | Data downloads
Owner: | |
Commodity: | Gold (Au) |
Operation: | 1937-1942, 1944-1947 |
Ore mined: | 231,009 tonnes |
Gold produced: | 66,417 oz. (1882889 g*) |
Recovered grade: | 0.29 OPT** (9.9g/t***) |
Mine type: | Underground Narrow vein Quartz |
Mining method: |
|
Status of modeling: |
|
Status: | Exploration for re-opening |
* 1 ounce = 28.3495g |
Bankfield Mine was found in 1931 by Tom Johnson and Bob Wells at the Errington Township on the southwestern part of Magnet Lake . Bankfield Gold Mines, Ltd., came into existence with 14 claims totalling approximately 600 acres.
Operations at the mine were run by a staff of 68 men employed under John Mackenzie’s lead. Eleven men worked underground, with the remaining workers being dispersed throughout the power-house, a blacksmith shop, the assay office, a two-storey cook house, the stables, a powder-house, and the operations office. A 100-ton cyanide mill was also constructed. From 1934 to 1936 a shaft was sunk to a depth of 552 feet with levels at 150, 275, and 525 feet. Bankfield’s first gold brick was poured in 1937. Between 1936 and 1942, a winze was sunk from the 525-foot level to a depth of 1,297 feet from the surface. Drifting totaled 14,516 feet and crosscutting 7,832 feet.
Production for the mine first occurred between 1937 until 1942, and then from 1944 until 1947. A total of 66,417 ounces of gold were produced during that time, along with 7,590 ounces of silver. Recovery of gold averaged 0.29 ounces per ton of ore milled.
In 1992, Roxmark acquired from Golden Trio Minerals Ltd. a 100% interest in 18 patented mineral claims covering 844 acres located in Errington and Lindsley Townships.
The property produced 66,000 ounces of gold from 229,000 tons for an average grade of 0.29 oz. of gold per ton. The mine was serviced from a shaft and a winze to a depth of 1,275 feet. Based on historical data, Roxmark believes that exploration chances are excellent, including the depth extension.
ROXMARK Video presentation by chairman Philip F. Cunningham -
has been a director of the company since August 2004 -
and Chairman since May 2005. Mr. Cunningham is executive vice
president of Mackenzie Financial Corporation and
chairman of Mackenzie Financial Services Inc.
He joined the Mackenzie organization in 1982 -
http://www.roxmark.com/videos/roxvideo.html
Mackenzie -
offers more than 100 investment funds in Canada and
the United States -
Mackenzie - manages more than $45 billion -
for over 1,000,000 investors and their financial advisors...
as major shareholder for Roxmark Mines Limited -
Roxmark Mines Limited -
http://www.roxmark.com/index.html
In its first production phase —
closed Gold production primarily because of a $35 fixed Gold
gov. bureaucratic manipulated price and issues related to
fragmented land holdings at the time —
The Geraldton-Beardmore Gold camp ranked among the top five
producing areas in Canada, generating 4.1 million ounces of
Gold from 19.5 million tons of ore for an average recovered
grade of 0.21 oz.Au/ton.
Roxmark’s current holdings, which consolidate key properties
in the camp… eliminating boundary issues and maximizing
effective use of existing infrastructure, include six of
the camp’s former producing mines.
These six formerly producing Gold mines accounted for
1,890,045 ounces of Gold produced from 3.98 million tons
of milled ore with an average recovered grade of 0.46oz. Au/ton.
This represented 20.4 percent of the tonnage milled and
46.1 percent of the Gold recovered in the camp.
To cite one specific example;
The Leitch Gold Mine -
(now on Roxmark land) was the # 1 of Ontario & Canada's
highest grade and most profitable Gold mines -
producing 860,648 ounces from 906,395 tons of ore
at an average recovered grade of 0.91 oz.Au/ton.
Even more impressively, the average recovered Gold grade -
over the last ten years of the mine’s Gold operation -
was 1.15 oz.Au/ton.
The Leitch Mine was once Canada's richest. The Sand River/Leitch complex produced more than 900,000 ounces of gold. Like other Roxmark mines in both Camps, it remains open at depth.
Mineral Development Home | History | Current exploration | Data downloads
Owner: | |
Commodity: | Gold (Au) |
Operation: | 1936-1968 |
Ore mined: | 920,745 tons |
Gold produced: | 847,690 oz. (24031588g*) |
Recovered grade: | 0.92 OPT** (31.5g/t***) |
Mine type: | Underground Narrow vein Quartz |
Mining method: | Resuing |
Status of modeling: |
|
Status: | Exploration for re-opening |
* 1 Ounce = 28.3495 g |
A past producer within the Eva Township, the Leitch Mine property was first staked in 1901. Exploration for iron was conducted on its claims by a number of companies between 1910 to 1923. Finally, in 1934, R. and J. Cryderman prospected the strike extension of the Sand River Mine's No.1 vein which lead to the discovery of the Leitch's No.1 vein.
Leitch Mine became one of the richest gold producers in Canada, operating continuously from 1937 to 1965, processing a total of 861,982 ounces of gold at an average grade of 0.92 ounces per tonne of ore milled.
Portions of the Leitch dump continuted to be milled throughout the 1980's. The Leitch Mine was serviced by a three-compartment shaft to 3,006 feet, with a winze from the 19th or 2,875-foot level to the 30th level.
In 2003, Roxmark acquired from Teck Cominco Limited an approximate 63% interest in the Leitch property, consisting of 10 patented claims covering 1,276 acres in Eva and Summers Townships. The property is governed by a Joint Venture agreement dated June 30, 1987 between Teck and San Paulo Exploration Inc., now AdvanteXCEL.com Communications Corp., as amended April 30, 1990 and October 30, 1990. The other Joint Venture party holds the balance of approximately 37%. Roxmark is the operator.
Furthermore in 2003, Roxmark acquired from Kinross Mines a 55.25% interest in the East Leitch Property covering 20 claims held under a 21-year lease on 832 acres in Summers Township. The property is governed by a Joint Venture Agreement dated September 1987 between Falconbridge Limited (now Kinross) and Minerals Anodor Inc. (now Afri-Can Marine Mineral Corporation). In January 2005, Roxmark acquired the remaining 29.75% interest from African Marine.
In 2009, Roxmark acquired the remaining 27% interest in the Leitch property. Roxmark mines now owns 100% interest.
Mineral Development Home | History | Current exploration | Data downloads
Owner: | |
Commodity: | Gold (Au) |
Operation: | 1937-1942 |
Ore mined: | 157,870 tons |
Gold produced: | 50,065 oz. (1419318g*) |
Recovered grade: | 0.32 OPT** (11g/t***) |
Mine type: | Underground Narrow vein Quartz |
Mining method: |
|
Status of modeling: |
|
Status: | Exploration for re-opening |
* 1 Ounce = 28.3495 g |
The Sand River Mine was discovered by Russell Cryderman in 1934. It was located just south of the Leitch Mine in Eva Township. The vein system was extended to the northeast onto the Leitch Mine property in 1935. Servicing was done by a three-compartment shaft to 2,656' depth. This past producer operated from 1937 to 1942 and produced 50,065 ounces of gold and 3,628 ounces of silver. Sand River Resources processed 157,870 tons with a recovery grade of 0.32 oz. of gold per tonne of ore milled.
In 2000, Roxmark acquired a 100% interest from Rio Fortuna Exploration Corp. in the Sand River Property, 37 contiguous mining leases covering 1,692 acres in Eva Township.
Roxmark, is a Canadian-based junior integrated Gold -
& Moly mining company involved in exploration and
development of Gold and Molybdenum properties
in the Geraldton-Beardmore area
of Northern Ontario, Canada -
Roxmark’s 12 mining properties total nearly 400 claims and
leases. They include an important new high grade -
Gold & Molybdenum project on which underground
development and mining of Moly was Re-Commissioned -
before the end of 2006 —
well next on the agenda;
will reactivate six formerly producing mines which
generated nearly two million ounces of Gold.
Existing infrastructure, including a recently upgraded on-site
Gold and Molybdenum mill, will provide important advantages
in developing parallel Gold structures in 2007 and beyond.
Management is also optimistic about the potential for new
Gold discoveries at current and greater depths.
http://www.roxmark.com/properties.html
http://www.roxmark.com/prop_gold.html
In 2005 - 2006, Roxmark generated revenue and demonstrated the
capability of the mill by bulk sampling and processing gold
ore from the East Leitch property. In addition, a diamond
drilling program was completed on the Nortoba-Tyson
molybdenum/gold property, expanding the size of the known
molybdenum mineralization. In early 2006, management
intends to follow up with a molybdenum bulk sampling program
with two objectives:
to generate cash flow to support other exploration and
development programs and to set the stage for early
underground development of the moly resource.
In recent years, Roxmark has completed self-administered
private equity placements which raised nearly $5 million
in funding, without incurring brokerage commissions.
For more information go to:
http://www.roxmark.com
http://www.gold.org/value/spotprice.html
Northern Empire Mine & Mill & Roxmark has:
* upgraded its onsite Northern Empire Mill -
(from 200 TPD, expandable to 500 TPD) -
to enable processing of both Gold and Molybdenum -
adding a Knelson gravity concentrator -
and new flotation circuit -
and dryer to maximize efficiency
Roxmark - conducted an 1,865-metre large-core diamond
drilling program on -
the Nortoba-Tyson property which further delineated -
the molybdenum mineral deposit, located the diabase -
sill, and assessed the structural -
characteristics of the veins and rock wall.
In 1996, Roxmark acquired a 100% interest in -
The Northern Empire Mine and Mill -
from Pancontinental Mining (Canada) Ltd.
and Ateba Mines Inc.
The Northern Empire Mine -
consists of 72 patented and leased claims covering 2,644 acres
in McComber and Summers Townships, and includes
a permitted mill complex.
The Northern Empire Mine mill -
currently has a capacity of 200 tons-per-day, but has been
designed for expansion to 500 TPD.
It has been upgraded and readied to process bulk Gold and
Molybdenum ores from -
Roxmark’s Nortoba-Tyson Mine -
Sand River/Leitch and East Leitch Mines projects -
The Northern Empire Mine -
property has produced 149,053 ounces of Gold -
from 425,866 tons with a recovery -
of 0.35 oz. in gold per ton.
It is serviced with a shaft and a winze to 2,400 feet
with development above and below a major flat diabase sill.
Roxmark's 200 TPD Northern Empire Mill -
upgraded to modern state of the art mill facility -
expandeable to 500 TPD.
Roxmark also announced that it is planning to reopen -
the Northern Empire Mine -
and develop the resources from underground workings.
The Northern Empire Mine -
was operated successfully by Newmont Mines -
from 1934 to 1941.
The mine was serviced by a shaft to a depth of 2,460 feet and
produced 149,000 ounces of gold from 426,000 tons of ore
at a recovered grade of 0.35 oz/t Au.
The on-site 200TPD mill (expandable to 500TPD) was built in 1982
and upgraded and permitted by Roxmark.
It processed gold and molybdenum ores in 2005 and 2006,
respectively.
Roxmark add the richest Gold Mine in Canada to RMK Gold mines holdings -
Roxmark with Record # 1 in Au Richest grades per tonnage -
will still be mined 100 yrs after we gone? -
Roxmark add another billion$fiatz + in value for the
some of the other rich old gold mines RMK owns? -
http://www.roxmark.com/properties.html
Northern Empire Gold Mine - made Newmont NEM lots of Gold -
NEM become very rich - richest in US Gold mining -
Its plenty of new rich Gold ore found -
http://www.roxmark.com/pics/n-empire_longitudinal.pdf
it was a very rich Gold mine in the first case -
and the oldtimers only got a sniff of
the Au bullion treasures bellow -
its no bottom in sight - its gets richer and richer -
the further done we go -
Canadian Roxmark Mines -
bought Northern Empire Gold Mine back into Canadian RMK -
but do the Cnadians know the value GOLD or how buy RMK? -
will it be mostly US goldbugs superred to buy RMK -
and buy it all back behind the red curtains of Canadians? -
RMK Au LT Gold strategic Safety -
Got RMK Roxmark Mines -
Northern Empire Gold LT strategic bargain -
Plenty of new Gold ore has been discovered -
http://www.roxmark.com/pics/n-empire_longitudinal.pdf
Rougher moly concentrate flotation at the Northern Empire mill.
Would not be surprized if Rio Tinto does a bid for Roxmark -
http://www.riotinto.com/library/376_video_library_5045.asp?videofile=wmp_high
at Roxmark's East - Leitch Gold Mine property -
800 tons of Gold Ore - were bulk sampled
and run it through the mill
To cite one example; The Leitch Gold Mine -
(now on Roxmark owned land) was one of Ontario’s highest grade
and most profitable Gold Mines -
producing 860,648 ounces Gold from 906,395 tons of ore
at an average recovered grade of Gold 0.91 oz.Au/ton.
Even more impressively, the average recovered grade
over the last ten years of the mine’s operation
was Gold 1.15 oz.Au/ton. is one of the richest
Gold Mines in Canada -
Bulk sampled Gold ore was processed through Roxmark's mill
to generate cash flow.
The road from Nortoba-Tyson Mine -
to the Northern Empire Mill was upgraded in 2006.
High grade Moly ore from Nortoba-Tyson Mine -
is currently being processed for sale.
Air-Trac is used to drill blasting holes in the rock at Nortoba-Tyson Mine properties.
Rock removed at Nortoba-Tyson Mine -
later some waste used for reclamation of the site.
Ex. of a Molybdenum vein -
on the face of a footwall at Nortoba-Tyson Mine.
Miners prepare to blast as part of bulk sampling -
in pit 2 at Nortoba-Tyson Mine.
Presentation to Investors - October 18. 2006 -
http://www.roxmark.com/presentations/Roxmark%20Investors%2006-10-18.pdf
Pouring gold At Empire mill - Picture on website -
Welcome to Goldstone Resources Inc. new website -
http://www.grcmines.com/
Latest News Releases |
January 14, 2010 Goldstone Reports Additional High-grade Gold Results at Hardrock Project January 12, 2010 Goldstone Updates Hardrock Project Exploration Program January 5, 2010 Goldstone Reports Deep Drilling at Hardrock Intersects High Grade Gold December 22, 2009 Ontex Resources Limited and Roxmark Mines Limited Shareholders Approve Merger |
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An Exciting Future Built on a Productive Past |
Goldstone Resources Inc. is a major force in gold exploration and development, combining significant historic and newly discovered resources and exploration potential in the Beardmore-Geraldton Camp in Northwestern Ontario. Formed late in 2009 by the merger of Ontex Resources Ltd. and Roxmark Mines Ltd, the company benefits from extensive existing infrastructure above and below ground including an upgraded, fully-permitted mill. In addition to gold resources and exploration targets on its 100% owned properties, Goldstone enjoys a 30% carried interest in The Hardrock Project, a joint venture with Premier Gold Mines Limited as operator. Goldstone’s Brookbank and Northern Empire Mine properties both have NI 43-101 compliant resource estimates, containing a combined total of indicated and inferred resource in excess of one million ounces of gold. Overall, the ten formerly productive mines on Goldstone lands — including the Leitch Mine, at one time, Canada’s richest — produced in excess of 4 million ounces of gold, remained open at depth, and offer major untapped potential through extensions and parallel occurrences. Goldstone is currently planning an aggressive, multi-rig drilling program for 2010 and awaiting a NI 43-101 report to be issued early in the year by Premier Gold Mines, summarizing results of the exploration and drilling efforts on The Hardrock Project. Goldstone Resources Inc trades on the Toronto Stock Exchange under the symbol GRC Learn more about Ontex Resources Ltd.Learn more about Roxmark Mines Ltd. |
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A strong presence across the Belt |
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Roxmark Properties
Roxmark’s high grade gold and molybdenum properties are located in the Beardmore and Geraldton mining camps in Northwestern Ontario. Exploration and development are currently focused on the Nortoba-Tyson property in the Beardmore camp. Properties with an asterisk contain historically productive mines. (Note: Mosher, Macleod-Cockshutt, and Hard Rock mines, all past producers, are being added to this list.)
Beardmore Molybdenum and Gold Project
Nortoba-Tyson Project
Beardmore Gold Properties
Northern Empire Mine Property*
Sand River Mine Property*
Leitch Mine Property*
East Leitch Property
Geraldton Gold Properties
Hardrock Project*
Placer Dome-Key Lake Property
Gold: Beardmore Camp – 100% owned
1. Northern Empire
In 1996, Roxmark acquired a 100% interest in the Northern Empire property from Pancontinental Mining (Canada) Ltd. and Ateba Mines Inc. The property consists of 72 patented and leased claims covering 2,644 acres in McComber and Summers Townships, and includes a permitted mill complex. The mill currently has a capacity of 200 tons-per-day, can be expanded to 1,000 TPD. It has been upgraded and readied to process gold and molybdenum ores.
Historically, the Northern Empire mine was operated successfully by Newmont Mines, producing 149,493 ounces of gold from 425,866 tons with a recovery of 0.35 oz. in gold per ton. It is serviced with a shaft to 2,460 feet with development above and below a major flat diabase sill. The mine was inactive since 1988.
In 2007 and 2008, Roxmark carried out a 103-hole, 11,096-metre diamond drilling program at the Mine, described in a NI 43-101 report dated November 2008, which established resources for the top two mine levels of indicated 86,652 tons grading 10.70 g/t Au (0.34 oz/t Au) for 927,113 g Au (29,807 ozs Au) and inferred 64,748 tons grading 9.95 g/t Au (0.32 oz/t Au) for 644,446 g Au (20,719 oz Au).
An independent study by SRK Consulting Geologists concluded in 2006 that the mine offers excellent exploration potential containing 150,000 ounces of gold (non-Ni 43-101 compliant).
Roxmark’s current plan is to develop the eastern strike length of the Northern Empire mine by a decline and mine the area to the second level. Preliminary study indicates that production can begin within six months of completing development work. This program will be followed up by dewatering the 2,460 feet shaft and installing a headframe, hoist and ancillary equipment on surface and underground.
2. Sand River Mine Property
In 2000, Roxmark acquired a 100% interest from Rio Fortuna Exploration Corp. in the Sand River Property, 37 contiguous mining leases covering 1,692 acres in Eva Township.
The Sand River-Leitch discovery was made on the Sand River Mine in 1934 and the vein system was extended to the northeast onto the Leitch Mine in 1935. Servicing was by a three-compartment shaft to 2,656' depth. Sand River Resources processed 157,870 tons with a recovery grade of 0.32 oz. of gold per ton yielding 50,065 oz. gold.
3. Leitch Property
In 2003, Roxmark acquired from Teck Cominco Limited an approximate 63% interest in the Leitch property, consisting of 10 patented claims covering 1,276 acres in Eva and Summers Townships. Roxmark owns now 100% interest in the property subsequent to acquiring the balance of interest early in 2009. Operated continuously over a period of nearly 30 years and producing 847,900 oz with an average ore grade of .92 ounces per ton, the Leitch Mine was shut down in 1965 as a result of $35 gold and boundary disputes which Roxmark has eliminated by acquiring the Sand River Mine. At just over 3000 feet, The Leitch Mine was shallow by the standards of top producers in nearby camps. It never ran out of gold at depth and both ore grade and vein width increased with depth. Mining records of the time record several drill assays of more than two ounces per ton over 2 feet located 100 feet below the 30th level.
The Mine was serviced by a three-compartment shaft to 3,006', with a winze from the 19th or 2,875' level to the 30th or 4,525' level. It operated continuously from 1937 to 1965, processing 920,745 tons with a recovery of 0.92 oz. of gold per ton yielding 847,690 oz. gold at US$35/oz. The Mine was shut down in 1965 as a result of $35 gold and boundary disputes which Roxmark has eliminated through consolidation and acquisition of Sand River Mine.
4. East Leitch Property
In 2003, Roxmark acquired from Kinross Mines a 55.25% interest in the East Leitch Property covering 20 claims held under a 21-year lease on 832 acres in Summers Township. In January 2005, Roxmark acquired the remaining 29.75% interest from African Marine. During 2006, Roxmark conducted a small bulk sample from the property and recovered 125 ounces of gold from processing 800 tons. The property is adjoining the Leitch-Sand River Mine
Gold: Geraldton Camp
1. Hardrock Project – 30% carried interest
The Hardrock Project, located in the Beardmore–Geraldton Greenstone Belt of Northwestern Ontario. The project is operated by Premier Gold Mines Limited (PG-TSX) which is cauurntly earning 70% interest and Roxmark is being carried at 30% interest, The Hardrock Project comprises approximately a 15-kilometre long property package that overlies more than 3.0 million ounces of past gold production in a district that has historic production in excess of 4.0 million ounces. The property lies only a few kilometers south of the Town of Geraldton, which is serviced by the Trans-Canada Highway, Trans-Canada Pipeline and the Canadian National Railway.
The Hardrock Project contains some 1 million ounces of historic (non-NI43-101 compliant) gold resources having potential to be mined in part by both open pit and underground methods. Premier believes that these historic resources, while attractive in their own right, are only an indication of the true potential of this district. We regard the Hardrock Project as having potential to host multiple discoveries of 1 million ounces or more.
In 2009, Premier, as operator is conducting an aggressive $8 to $10 million exploration program with the goal of tabling a NI43-101 compliant mineral resource estimate of 1 million to 1.5 million ounces of gold, occurring in multiple, closely-spaced deposits, potentially amenable to open-pit mining. In order to achieve this, we have planned the following exploration program:
Some 50,000 metres of diamond drilling in delineation and exploration configurations.
Focus within 300 metres of surface.
Target areas of existing mineralization & those with high potential for discovery based on our geological model.
2. Placer Dome-Key Lake Property
Between 1995 and 1997, Roxmark earned from Placer Dome Canada Limited and Key Lake Explorations Limited a 100% interest in 26 patented claims and mining leases (of which 10 claims are freehold with surface rights) on 1,339 acres in Lindsley Township. To earn the interest Roxmark earned a 100% interest in the property by investing a total of $2 million of exploration expenditures.
In 1997, Cyprus Canada Inc. completed an exploration program comprising 13 holes and 2,270 metres drilled, with five holes intersecting visible gold. The drilling was part of a Cyprus program to determine the possibility of developing open pit gold mines in the Geraldton area. In 1997, Cyprus determined that the property contained a total of 150,000 ounces of gold (non-NI 43-101 compliant).
Drilling focused on either side of a three-compartment shaft with three underground levels. It confirmed the presence of gold mineralization and added to the extensive drilling previously carried out in the area, including 87 holes by Placer Dome.
Figure 1:
Inferred crustal levels of gold deposition showing the different types of gold deposits and the inferred deposit clan (from Dubé et al., 2001; modified from Poulsen et al., 2000).
Figure 2:
World distribution of greenstone-hosted quartz-carbonate vein deposits containing at least 30 tonnes of Au.
Figure 3:
Simplified geological map of the Abitibi greenstone belt showing the distribution of major fault zones and gold deposits. Modified from Poulsen et al. (2000).
Figure 4:
Tonnage and grade repartition for gold deposits in the world containing at least 30 tonnes of Au.
Figure 5:
Tonnage vs. grade relationship of Canadian and worldAu deposits containing at least 30 tonnes of Au.
Figure 6:
(A) Quartz-breccia vein, Main Break, Kirkland Lake. (B) High-grade quartz veinlets, hosted by syenite with visible gold, disseminated pyrite, and traces of tellurides, Main Break, Kirkland Lake.
Figure 7:
(A) Laminated fault-fill veins, Pamour Mine, Timmins. (B) Closed up, laminated fault-fill veins showing iron-carbonatized wall-rock clasts. (C) Boudinaged fault-fill vein, section view, Dome Mine. (D) Arrays of extensional quartz veins, Pamour Mine. (E) Extensional quartz-tourmaline “flat vein” showing multiple stages of mineral growth perpendicular to the vein walls, Sigma Mine (from Poulsen et al., 2000). (F) Tourmaline-quartz vein, Clearwater deposit, James Bay area.
Figure 8:
Schematic diagram illustrating the geometric relationships between the structural element of veins and shear zones and the deposit-scale strain axes (from Robert, 1990).
Figure 9:
(A) Large boudinaged iron-carbonate vein, Red Lake district. (B) Iron carbonate pervasive replacement of an iron-rich gabbroic sill, Tadd prospect, Chibougamau. (C) Green carbonate rock showing fuchsite-rich replacement and iron-carbonate veining in a highly deformed ultramafic rock, Larder Lake. (D) Green carbonate alteration showing abundant green micas replacing chromite-rich ultramafics, Baie Verte, Newfoundland.
Figure 10:
(A) Diopside vein in biotite-actinolite-microcline-rich gold-bearing alteration, Madsen Mine, Red Lake. (B) Auriferous metasomatic hydrothermal layering with actinolite-rich and biotite-microcline-rich bands, MadsenMmine, Red Lake. (C) Gold-rich No. 8 vein showing visible gold in a carbonate-actinolite-diopside-rich vein, Madsen Mine, Red Lake.
Figure 11:
(A) Mylonitic foliation, Cadillac-Larder Lake Break, Val d'Or. (B) Close-up showing mylonitic foliation within Cadillac-Larder Lake Break, Val d'Or.
Figure 12:
(A) Vertical section of shear bands indicating a reverse-oblique sense of motion recorded by the gold-bearing Cape Ray fault zone, Newfoundland (from Dubé et al., 1996). (B) Section view showing reverse-oblique mylonite, Cape Ray fault zone, Newfoundland. (C) Section view showing auriferous quartz vein hosted by a second-order reverse shear zone, Cooke Mine, Chapais, Quebec (from Dubé and Guha, 1992).
Figure 13:
(A) Section view showing the 25 M oz Kirkland Lake Main Break. (B) Kirkland Lake Main Break in section view, note the brittle nature of the structure.
Figure 14:
(A) Timiskaming conglomerate, Kirkland Lake. (B) Mineralized quartz veins hosted by a carbonatized Timiskaming conglomerate, Pamour Mine, Timmins. (C) Mineralized quartz vein hosted by a discrete brittle-ductile high-strained zone hosted by weakly deformed Timiskaming conglomerate, Kirkland Lake. (D) Variolitic basalt, Vipond Formation, Tisdale Assemblage, Timmins.
Figure 15:
(A) Boudinaged ankerite vein with late quartz veins cutting the Paymaster porphyry, Dome Mine. (B) Boudinaged ankerite veins with syndeformation late extensional quartz veins, Dome Mine. (C) Massive ankerite Kurst vein cut by late gold-bearing extensional quartz vein, Dome Mine area. (D) Ankerite vein clast within Timiskaming conglomerate, Dome Mine (from Dubé et al., 2003). (E) Close-up of photo D (from Dubé et al., 2003). (F) Deformed quartz vein hosted by folded Timiskaming argillites, Dome Mine.
Figure 16:
Location of Canadian greenstone-hosted quartz-carbonate vein districts.
Figure 17:
Fine-grained chloritized albitite dyke on the 4175 foot level of the McIntyre Mine, intruding sericitized Pearl Lake porphyry. Both the albitite dyke and the altered porphyry are cut by quartz-ankerite-albite veins (from Brisbin, 1997; photograph by Nadia Melnik-Proud, caption after Melnik-Proud, 1992; photo obtained by B. Dubé from D. Brisbin).
Figure 18:
Schematic diagram illustrating the setting of greenstone-hosted quartz-carbonate vein deposits (from Poulsen et al., 2000).
Date Modified: 2009-08-17
Figure 27:
Foliated chlorite-pyrrhotite at base of vent complex. From Leitch et al., 2000.
The Hardrock Project, located in the Beardmore -- Geraldton Greenstone Belt of Northwestern Ontario, is consistent with all the hallmarks of Premier's business model and is a core holding in its exploration portfolio. Premier owns a 70% interest in the project.
Many past-producing sites in Canada are undergoing a renaissance and today are being recognized for their exceptional potential to host future world class discoveries.
Recent discoveries in Red Lake (Red Lake Gold Mines, Bruce Channel) and at Malartic underscore the importance of exploration in such historic camps.
The Hardrock Project comprises approximately a 15-kilometre long property package that overlies more than 3.0 million ounces of past gold production in a district that has historic production in excess of 4.0 million ounces. The property lies only a few kilometers south of the Town of Geraldton, which is serviced by the Trans-Canada Highway, Trans-Canada Pipeline, and Hydroline. Exploration is conducted year round.
NI43-101 Compliant Mineral Resources
On March 4, 2010 the Company announced that it had received a National Instrument (NI) 43-101 compliant Mineral Resource estimate on the Hardrock Project for the near surface mineralization amenable to open pit mining.
Highlights of the Hardrock Area Mineral Resource estimate include:
The following table presents the tonnes and grades for the block model used for the Mineral Resource estimate at a range of cut-off grades in order to demonstrate the sensitivity of the estimates. The cut-off value of 1.0 g/t Au was derived from recent technical reports filed on SEDAR and in-house technical data from RCI for similar deposit types.
Cut-off Grade | Tonnes (Millions) | Grade gpt Au (cut) | Grams Au Cut (Millions) | Ounces Au Cut | Grade gpt Au (uncut) | Grams Au uncut (Millions) | Ounces Au Uncut |
0.6 gpt Au | 22.9 | 1.30 | 29.7 | 955,000 | 1.65 | 37.8 | 1,215,000 |
0.8 gpt Au | 16.1 | 1.56 | 25.0 | 805,000 | 2.03 | 32.5 | 1,045,000 |
1.0 gpt Au | 11.6 | 1.82 | 21.1 | 675,000 | 2.43 | 28.1 | 905,000 |
1.2 gpt Au | 8.5 | 2.08 | 17.7 | 570,000 | 2.86 | 24.3 | 780,000 |
1.4 gpt Au | 6.3 | 2.35 | 14.9 | 475,000 | 3.33 | 21.0 | 675,000 |
Cut-off Grade | Tonnes (M) | Grade gpt Au (cut) | Grams Au Cut (Millions) | Ounces Au Cut | Grade gpt Au (uncut) | Grams Au uncut (Millions) | Ounces Au Uncut |
0.6 gpt Au | 16.1 | 1.25 | 20.1 | 645,000 | 2.39 | 38.4 | 1,085,000 |
0.8 gpt Au | 11.0 | 1.51 | 16.5 | 530,000 | 3.03 | 33.1 | 955,000 |
1.0 gpt Au | 7.4 | 1.81 | 13.2 | 425,000 | 3.92 | 28.8 | 830,000 |
1.2 gpt Au | 4.9 | 2.15 | 10.6 | 340,000 | 5.06 | 24.9 | 730,000 |
1.4 gpt Au | 3.3 | 2.57 | 8.6 | 275,000 | 6.49 | 21.7 | 640,000 |
2010 Exploration Plans
In 2010, Premier has planned an aggressive $10 to $12 million exploration program with the goal of tabling a second NI43-101 compliant mineral resource estimate amenable to underground mining after its completion. In order to achieve this, we have planned the following exploration program:
Given the pace at which our 2010 program is being conducted, shareholders and potential shareholders can anticipate press releases updating results and progress on the Hardrock Project on a regular (bi-weekly to monthly) basis.
(as of June 17, 2009)
NN Zone | North Zone |
Plan View | NN Zone |
North Zone | EP North Limb |
EP North Limb B | EP North Limb C |
EP South Limb | EP South Limb B |
EP South Limb C | Tenacity TN1 |
Tenacity TN2 | HGV |
SP Zone |
Gold target being to around $1,950 per ounce -
Au 2nd LT bullwave to run
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