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Goldstone Resources (TSE:GRC)(USD)$0.63 UP $0.05 (+8.62%
Bid 0.62
Ask 0.63
Volume 589,428 strong demand
Days Range 0.55 - 0.63
Last Trade 9/20/2010 4:27:38 PM
Detailed GRC Stock Quote
RBC Research Report - Hardrock - Link -
http://www.torontocondo.com/account/46af577a08eceb95/pdfs/RBC_Research_Report___Hardrock.pdf
http://www.grcmines.com/hardrock.php
The GRC team should take the RBC report and run with it.
If promoted in the right way they should be able to
at least double the share price in a short space of time.
GRC is vastly undervalued and the stock buying world
should be made known of its vast appeal.
Mr. Cunningham the ball is now in your court:
take us to the promised land.
http://www.grcmines.com
RBC Research Report - Hardrock - Link -
http://www.torontocondo.com/account/46af577a08eceb95/pdfs/RBC_Research_Report___Hardrock.pdf
http://www.grcmines.com/hardrock.php
The GRC team should take the RBC report and run with it.
If promoted in the right way they should be able to
at least double the share price in a short space of time.
GRC is vastly undervalued and the stock buying world
should be made known of its vast appeal.
Mr. Cunningham the ball is now in your court:
take us to the promised land.
http://www.grcmines.com
Steve thanks, well best for GRC to catch UP -
GRC very oversold and undervalued -
GRC about at 52 week low 1/3 of the high -
..GRC 52 week high was at a bargain price -
..GRC is to low priced but Cunnigham back at the helm
..what a bargain opportunity to get in on -
GRC holding one of the richest Canadian old gold producers -
Gold chart LT 2nd bull wave
and often most peaks in gold are
covered by a war ...
the wave pattern LT runs in five
the 2nd started
GOLD the 2nd AU bull wave
starting to pick UP speed
..in case of WW the gold producer -
need to be in strategic LT safest place
Canada
Got GRC great Au gold producers bargain
dd...
http://investorshub.advfn.com/boards/board.aspx?board_id=1499
http://www.grcmines.com/
Drilling Continues to Expand Near-Surface Gold Zones at Hardrock
http://www.premiergoldmines.com/s/NewsReleases.asp?ReportID=415868&_Type=News-Releases&_Title=Premier-Drilling-Continues-to-Expand-Near-Surface-Gold-Zones-at-Hardrock
PREMIER GOLD MINES LIMITED (TSX:PG) is pleased to announce that ongoing drilling continues to delineate significant near-surface gold mineralization in multiple zones at the Hardrock Project in Northwestern Ontario. Current drilling is focused on expanding and defining near-surface, open pit style, mineralization in addition to defining multiple zones of higher grade mineralization that are expected to comprise resources amenable to underground mining methods. Highlights from recent drilling include:
* The identification of two primary high-grade lenses within the NN Zone horizon. Intersections in the newly identified "East Lense" have returned up to 13.05 grams per tonne Gold (g/t Au) across 4.1 metres (m) or 0.38 ounces per ton (oz/t) across 13.5 feet.
* Infill and expansion drilling further defines the EP Zone (open-pit) target with intersections of up to 3.16 g/t Au across 16.5 m (0.09 oz/t across 54.1 feet), 7.10 g/t Au across 9.0 m (0.21 oz/t across 29.5 feet) and 5.43 g/t Au across 10.2 m (0.16 oz/t across 33.5 feet).
* Deep drilling in the North and F-Zone continues to intersect impressive gold values suggesting excellent resource potential proximal to and below existing mine workings. Further results from this drilling are expected in the near future.
NN Zone Drilling
The near-surface portion of the NN Zone has now attained a strike length of approximately 600 metres. Recent drilling has been focused on defining narrower, underground style mineralization down-plunge and at depth below the previously announced, near-surface, NI43-101 resource estimate at Hardrock. Of particular significance, drilling has identified two lenses of higher-grade gold mineralization, both of which remain wide open for expansion (see Figure 1). Highlight intersections include 13.05 g/t Au across 4.1 m (0.38 oz/t across 13.5 feet) in hole MM160 from the new eastern high-grade lense that was identified when following-up a previously drilled intersection of 4.93 g/t Au across 10.5 m (0.14 oz/t across 34.4 feet), and previously announced intersections within the main NN zone that returned 22.97 g/t Au across 24.8 m (0.67 oz/t across 81.4 feet) and 8.14 g/t Au across 9.0 m (0.24 oz/t across 29.5 feet). Follow-up drilling down-plunge of these intersections is underway. New drill results from the NN Zone are contained in Table 1.
Table 1 New Sub Zone Intercepts from NN Zone
Hole-ID UTM Coordinates (m) Dip/Azimuth (degrees) From (m) To (m) Interval (m) Grade (g/tonne) Interval (ft) Grade (oz/ton) Zone
MM143 5502849 N 503650 E -50/360 265.0 267.0 2.0 3.29 6.6 0.10 NN
MM146 5502802 N 503649 E -50/360 325.0 330.0 5.0 3.23 16.4 0.09 NN
including 326.0 327.0 1.0 11.20 3.3 0.33 NN
MM148 5502850 N 503600 E -55/360 367.0 369.2 2.2 3.05 7.2 0.09 NN
MM160 5502852 N 504249 E -50/360 291.7 322.8 31.1 2.74 102.0 0.08 Upper NN
including 309.0 313.1 4.1 13.05 13.4 0.38 Upper NN
MM165 5502818 N 504246 E -56/360 360.3 367.5 7.2 1.57 23.6 0.05 Upper NN
403.0 405.2 2.2 13.15 7.2 0.38 NN
True widths estimated at approximately 70% of intersection widths
Missing holes can be considered to carry no significant value or will be included with other zones
Figure 1 NN Zone Longitudinal Section (Looking North)
Click to enlarge
EP Zone Drilling
Infill and expansion drilling in the EP Zone continues to define high-grade, open-pit style and underground style gold mineralization. The EP Zone comprises much of the current near-surface gold resource at Hardrock and drilling is aimed at converting inferred resources to indicated status. A highlighted selection of drill results deemed to be significant from the EP Zone is contained in Table 2.
Table 2 New Sub Zone Intercepts from the EP Zone
Hole-ID UTM Coordinates (m) Dip/Azimuth (degrees) From (m) To (m) Interval (m) Grade (g/tonne) Interval (ft) Grade (oz/ton) Zone
EP121 5503061 N 504450 E -45/360 140.2 146.0 5.8 1.77 19.0 0.05 NLB
173.7 176.0 2.3 8.28 7.5 0.24 NLC
EP122 5503060 N 504400 E -45/360 201.9 207.1 5.2 4.36 17.1 0.13 X
EP123 5503031 N 504399 E -45/360 218.5 229.5 11.0 2.19 36.1 0.06 NLB
including 218.5 219.6 1.1 16.80 3.6 0.49 NLB
237.2 244.5 7.3 1.75 23.9 0.05 X
EP127 5503111 N 504550 E -38/360 49.6 60.5 10.9 0.91 35.8 0.03 NL
127.5 136.5 9.0 2.32 29.5 0.07 X
EP131 5502887 N 504400 E -50/360 240.8 247.8 7.0 1.37 23.0 0.04 SLB
261.4 264.6 3.2 1.63 10.5 0.05 SL
294.0 305.7 11.7 1.04 38.4 0.03 NL
369.6 371.0 1.4 6.48 4.6 0.19 NLB
382.0 382.8 0.8 12.20 2.6 0.36 NLC
EP134 5502910 N 504449 E -50/360 303.0 319.5 16.5 3.16 54.1 0.09 NL
327.9 331.5 3.6 3.82 11.8 0.11 NLC
357.7 360.0 2.3 11.00 7.5 0.32 X
EP139 5502990 N 504500 E -60/360 111.5 113.0 1.5 5.28 4.9 0.15 SLC
156.5 166.7 10.2 5.43 33.5 0.16 SLB
246.0 249.0 3.0 2.98 9.8 0.09 NLB
400.8 402.0 1.2 47.80 3.9 1.40 X
EP141 5502990 N 504600 E -60/360 152.0 154.0 2.0 3.46 6.6 0.10 SLC
268.0 270.6 2.6 11.67 8.5 0.34 NLB
288.0 303.0 15.0 3.11 49.2 0.09 NLC
EP142 5503000 N 504700 E -60/360 190.5 192.0 1.5 7.00 4.9 0.20 SL
202.5 208.5 6.0 3.25 19.7 0.09 NL
219.0 240.0 21.0 2.37 68.9 0.07 NLB
253.5 254.5 1.0 9.55 3.3 0.28 NLC
EP143 5502940 N 504750 E -60/360 289.5 314.2 24.7 2.94 81.0 0.09 NLC
including 310.4 314.2 3.8 8.42 12.5 0.25 NLC
EP145 5504980 N 504900 E -60/360 204.0 213.0 9.0 7.10 29.5 0.21 SL
281.0 282.0 1.0 22.80 3.3 0.67 NLB
True widths estimated at approximately 70% of intersection widths
Missing holes can be considered to carry grades and widths consistent with management's expectations or contain no significant values.
Hardrock Deeps
Three drills are currently defining mineralization in several areas below the limits of historical mining at Hardrock, from which more than 2.1 Million ounces of gold was mined to a maximum depth of 600 metres, shallow for an Archean gold deposit. Results from this drilling are expected to be released in the near future.
"Our drilling both proximal to and below the historic mine workings is returning impressive results in multiple areas. This is very significant for the project because it confirms that the historic zones extend to depth and several targeted resource blocks remain wide open for expansion". stated Tim Twomey, Exploration Manager for Premier. "Our drilling continues to identify gold mineralization in new areas with consistent plunges to depth. This continued success has the potential to add materially to our current mineral resource"
The Hardrock Project is operated under a joint venture with Goldstone Resources Inc.(TSX:GRC) (Premier holds a 70% interest in the project). The Hardrock Project is host to several past-producing mines which collectively produced nearly 3.0 Million ounces of gold primarily from shallow depths within 600 metres of surface from 1938-1968. The Hardrock Project benefits from development advantages with the Trans-Canada Highway, Trans-Canada Pipeline, and major power lines running through the center of the property. A revised mineral resource estimate is expected to be completed following the 2010 drill program, potentially containing both open pit and underground style resources.
Stephen McGibbon, P. Geo., is the Qualified Person for the information contained in this press release and is a Qualified Person within the meaning of National Instrument 43-101. Assay results are from core samples sent to Activation Laboratories, an accredited mineral analysis laboratory in Ancaster, Ontario, for preparation and analysis utilizing both fire assay and screen metallic methods.
Premier Gold Mines Limited is a well financed Canadian-based mineral exploration and development company with several projects and deposits in Northwestern Ontario and Nevada, and a joint venture in Mexico. In the Red Lake gold mining camp, two projects are operated in joint venture with Red Lake Gold Mines, an affiliate of Goldcorp Inc. The company also owns a strategic project located on the main Musselwhite Gold Mine trend and recently announced the acquisition of Saddle Gold Inc. and now holds the Saddle Project on the prolific Carlin Trend, in Northeastern Nevada, and a royalty in Newmont's Emigrant Springs Project.
For further information, please contact:
Ewan Downie, President & CEO
Phone: 807-346-1390 begin_of_the_skype_highlighting 807-346-1390 end_of_the_skype_highlighting
Fax: 807-346-0100
e-mail: Info@premiergoldmines.com
Web Site: www.premiergoldmines.com
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.
File: http://www.premiergoldmines.com/i/pdf/2010-08-25_NR.pdf
401 KB, approx. 1 minute, 16 seconds at 56.6Kbps
You can view the Previous News Releases item: Thu Jul 15, 2010, Premier Completes $18 Million Flow-Through Financing
Goldstone Resources (TSE:GRC)
Last Price (USD) $0.52
Change ? 0.01 (1.96%)
Bid 0.51
Ask 0.52
Volume 1,368,975
Days Range 0.51 - 0.63
Last Trade 9/14/2010 3:59:44 PM
Click for detailed quote page
Smooth, shaking the tree, from here
by goodtoreadthis2
9/13/2010
20 days is the time it took Mr Cunningham to TOTALLY change
this situation. Harsh words traded.
Reality was Cunningham had the votes, here, insties, and
independents; and Sheridan/Conn/Ferry saw that clearly.
Bay St shook the tree to get cheap shares - scared, delay,
fights, tied up, no drilling yada yada.
Wall St and bay St are one and same when it comes to tactics
to get your shares for cheap money.
Suggest you sock them away.
These new directors are two economists, financial people.
What might you expect them to do ? Solicit offers and
then evaluate them.
Also evaluate cost of mine development options.
I expect Mr CunninghaM -IN SHORT ORDER- to take this company
is two directions simultaneously.
Mine mineral development, drilling reports, pre-feas,
feasibility, mill ramp up, etc.
Then a dog and pony show ( sales pitch) will be taken on the road
to brokers ( the new directors - at least one of them - is/are
stock brokers, insties, big investors, mini-insties, hedge
funds, etc etc to admire the assets and what the great value
it is to buy $1.70 worth of assets for less than 60-75 cents.
I would not be surprised to hear someone at GRC say "this will be
our path to $4 per share."
Hold your shares, stay calm, and smile.
Your gonna have a great Christmas.
The presents are already under the tree.
Steve thanks very good news, Cunningham at helm has got GRC
listed on Toronto big board
next GRC to start the milling get back to drilling -
and mining and to start an aggressive
PR IR campaign
Goldstone Announces Appointment of Directors and Executive Committee
TORONTO, ONTARIO--(Marketwire - Sept. 13, 2010) - Goldstone Resources Inc. (TSX:GRC)(PINK SHEETS:GRSZF) announced today that its Board of Directors has appointed Morris Prychidny and Paul Little as directors of the Company and has appointed Philip Cunningham (currently Co-Chairman of the Company) as the Chairman.
The Board also appointed an Executive Committee of directors which will seek to take appropriate steps to put Goldstone in a position where, in the words of Mr. Cunningham, "the unrealized underlying value of its assets may be unlocked". Members of the committee are Messrs. Cunningham, Elliott, Prychidny and Little.
Morris Prychidny is a chartered accountant and has a B.A. in economics from the University of Western Ontario. He is a director and Secretary-Treasurer of Orion Capital Incorporated (an investment company focused on start-up ventures predominantly in the junior mining field) and a director and officer of Woodbine Downs Limited, which operates and owns a large portfolio of industrial/commercial real estate in the Toronto area. Mr. Prychidny is also a director and audit committee member of Harricana River Mining Corporation Inc., a private mining exploration company, and a director of Northfield Capital Corporation.
Paul Little is a chartered accountant and has a B.A. in economics from the University of Toronto and an MBA from the University of British Columbia. Mr. Little is President of Westover Investments Inc., an investment company, and from 1986 to 1999, he was a principal of a Toronto-based merchant bank, Gornitzki, Thompson & Little Company and President of GTL Securities Inc., a related securities dealer. From 1980 to 1985, he was Vice President and Chief Financial Officer of Union Gas Ltd., a Canadian natural gas utility. Mr. Little is a director and chairman of EGI Financial Holdings Inc. and a director of Arius3D Corp. Over the past 15 years , Mr. Little has served on the board of directors of 12 TSX-listed companies and one NYSE-listed company.
Goldstone also announced that Mr. Cunningham has notified the Company that he has withdrawn his requisition previously delivered on August 23, 2010 for a special meeting of shareholders.
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 includes certain "forward-looking statements". Such forward-looking statements involve risks and uncertainties. The results or events predicted in these forward-looking statements may differ materially from actual results or events. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
For more information, please contact
Goldstone Resources Inc.
Philip Cunningham
Chairman
(647) 401-8965
www.grcmines.com
Goldstone Announces Directors Resignations
TORONTO, ONTARIO--(Marketwire - Sept. 10, 2010) - Goldstone Resources Inc. (the "Company") (TSX:GRC)(PINK SHEETS:GRSZF) announces that J. Patrick Sheridan, Jr., Alan Ferry and Richard Williams have resigned as directors of the Company.
About Goldstone:
Formed by a late 2009 merger of Ontex Resources and Roxmark Mines, Goldstone is a gold exploration and development company operating in the historically significant Geraldton-Beardmore area of Northwestern Ontario and focused on gold exploration and deposit delineation at its Brookbank, Northern Empire, Leitch-Sand River and Key Lake gold properties in the Geraldton-Beardmore Camp.
For more information, please contact
Goldstone Resources Inc.
Gary Conn
COO
(416) 860-1636
(416) 360-7355 (FAX)
www.grcmines.com
http://www.marketwire.com/press-release/Goldstone-Announces-Directors-Resignations-TSX-GRC-1316849.htm
.
Goldstone Resources Key Lake Results
Tuesday August 31, 9:38 am ET
TORONTO, ONTARIO--(Marketwire - 08/31/10) -
Goldstone Resources Inc.
("Goldstone" or "the Company") (TSX:GRC - News)
(PINK SHEETS:GRSZF - News)
is pleased to announce the additional results from its 100% owned
Key Lake drilling program located just west of Geraldton, Ontario.
The Key Lake Property is contiguous to the Premier Gold/Goldstone Resources
Hard Rock Project in Geraldton, Ontario where diamond drilling
by the Company's partner, Premier Gold (TSX:PG - News), has
established a significant gold resource at surface as well
as high grade intersections at depth.
The Company's current Key Lake drill program, estimated to
total 15,000 metres, will focus on finding near surface
gold mineralization amenable to open pit mining.
A total of 29 holes have been completed to date totaling 6,800m.
Results received from the additional 6 holes are presented in the table below:
--------------------------------------------------------------------------
Drilled
Hole No. UTM N UTM E Azi Dip Au g/t Interval From To
--------------------------------------------------------------------------
--------------------------------------------------------------------------
KL 10-04 5506267 492308 192 -47 0.75 14 72 86
KL 10-05 5506344 492325 192 -58 1.18 21 157 178
KL 10-06 5506299 492213 192 -47 1.08 19 84 103
KL 10-7B 5506331 492219 192 -53 1.45 28 50 78
KL 10-08 5506355 492225 192 -61 1.10 30 160 190
1.29 29 212 241
KL 10-14 5506339 491915 12 -47 1.21 28 75 103
--------------------------------------------------------------------------
Complete results for the remainder of the holes are still outstanding. Holes drilled were not in numeric order due to logistics and planning. True width of the zone is approximately 70% of drilled interval.
ABOUT KEY LAKE
The Key Lake horizon has an approximate strike length of 2.5km. The initial Phase 1 of drilling was concentrated on about a 1km
strike length which hosted the former Jelex Mine.
Historic drilling by Cyprus in the mid-90's outlined a 40-50m
wide zone of disseminated gold with a higher grade core
comprised of a quartz-feldspar porphyry.
The initial drilling of Goldstone's program was aimed at
twinning historical holes and filling in gaps along
the corridor at 100m intervals.
The exploration program is managed by Goldstone Resources under
supervision of Mike Kilbourne, P.Geo, Vice President of
Exploration and the qualified person for Goldstone Resources.
Mr. Kilbourne prepared this release and states,
"Key Lake has been a primary drill target since the amalgamation
of Ontex Resources and Roxmark Mines.
We are very pleased with the additional results and by
the continued success of the drill program."
On-site Quality Assurance/Quality Control Measures
All samples have been shipped to ACTLABS preparation laboratory in Geraldton Ontario, with analyses performed in the ACTLABS laboratory in Thunder Bay, Ontario. All core samples were selected by Goldstone site geologists, and were cut in half by diamond core saw. Individual samples were labeled, placed in plastic sample bags and sealed. Groups of samples were then placed into durable rice bags that were labeled and secured by tape for shipping. The remaining coarse reject portions of the samples remain in storage at the ACTLABS preparation laboratory storage facility in Geraldton as required in the event that further work is needed.
Independent Quality Assurance and Quality Control Protocol
A QA/QC program has been implemented to monitor all assays from the current drilling program. Samples are assembled in numbered batches of 35 samples. Included in each batch of 35 samples are two certified reference standards, two laboratory duplicates, one blank sample comprised of silica sand and one core duplicate sample. This QC program was set up for Goldstone Resources by Tracy Armstrong, P. Geo, of T.J. Armstrong Geological Consulting Inc. Ms. Armstrong is a qualified geologist in the Provinces of Ontario, Quebec and British Columbia.
Further information is available on the Company's website at http://www.grcmines.com and on SEDAR under the Company's profile at http://www.sedar.com.
Contacts:
Goldstone Resources Inc.
J. Patrick Sheridan
President & Chief Executive Officer
(416) 628-5930
(416) 628-5935 (FAX)
http://www.grcmines.com
http://ca.us.biz.yahoo.com/iw/100831/0657227.html?.v=1
GRC its time to catch UP on the GOLDSTONE old Au producers
TA TI 50DMA its a lot bulls living above and even more above
200DMA
RSI & MACD turned alert to buy zone
new dir. - thee may fooled Philips once but NOT TWICE
Investors see recent developments as the best thing to happen to GRC in a long time....
Goldstone Resources (TSE:GRC)
Last Price (USD) $0.63
Change 0.22 (53.66%
Bid 0.63
Ask 0.65
Volume 5,610,207 Strong Demand again firming UP
Days Range 0.41 - 0.66
Last Trade 8/27/2010 4:19:34 PM
GO Philip, take the steering wheel captain -
its belong to you and its overdue!
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 -
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) -
GOLDSTONE RESOURCES (TSE:GRC)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=53774556
God Bless
Investors see recent developments as the best thing to happen to GRC in a long time.
Goldstone Resources (TSE:GRC)
Last Price (USD) $0.63
Change 0.22 (53.66%)
Bid 0.63
Ask 0.65
Volume 5,610,207
Days Range 0.41 - 0.66
Last Trade 8/27/2010 4:19:34 PM
GO Philip, take the steering wheel captain -
its belong to you and its overdue!
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) -
GOLDSTONE RESOURCES (TSE:GRC)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=53774556
God Bless
Goldstone Resources Halts Exploration Drilling
TORONTO, ONTARIO--(Marketwire - Aug. 26, 2010) - Goldstone Resources Inc. ("Company") (TSX:GRC)(PINK SHEETS:GRSZF) has temporarily suspended the Key Lake exploration drilling program previously outlined in its press release dated June 22, 2010. Following the requisition of a shareholders' meeting by Phillip Cunningham on August 23, 2010, the Company's site geologists resigned their positions with the Company. As a result, the Company has postponed further drilling of the Key Lake property pending resolution of its corporate and staffing issues.
The preliminary economic assessment of the Brookbank Deposit and the exploration at Leitch Mine/Sand River continues.
ABOUT GOLDSTONE RESOURCES
Goldstone Resources is a junior exploration company which holds advanced stage and past producing gold assets in the Geraldton-Beardmore area of Northwestern Ontario. The Geraldton/Beardmore gold district has historical production of approximately 4.2 million 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.
Forward-Looking Statements
This news release includes certain "forward-looking statements". Such forward-looking statements involve risks and uncertainties. The results or events predicted in these forward-looking statements may differ materially from actual results or events. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
For more information, please contact
Goldstone Resources Inc.
J. Patrick Sheridan, Jr.
President & Chief Executive Officer
(416) 864-6332
(416) 628-5935 (FAX)
www.grcmines.com
http://www.marketwire.com/press-release/Goldstone-Resources-Halts-Exploration-Drilling-TSX-GRC-1310375.htm
.
kiwisteve thanks, that is great gold values near-surface,
open pit style, mineralization in addition to defining
multiple zones of higher grade mineralization -
Goldstone Resources Inc.
TSX: GRC
PINK SHEETS: GRSZF
Goldstone Resources Inc.
Aug 25, 2010 12:04 ET
Goldstone Resources Announces Joint Venture Partner Premier Gold Drilling Continues to Expand Near-Surface Gold Zones at Hardrock
TORONTO, ONTARIO--(Marketwire - Aug. 25, 2010) -
GOLDSTONE RESOURCES INC.
(TSX:GRC)(PINK SHEETS:GRSZF) is pleased to announce that ongoing
drilling continues to delineate significant near-surface gold
mineralization in multiple zones at the Hardrock Project in
Northwestern Ontario.
Current drilling is focused on expanding and defining
near-surface, open pit style, mineralization in addition
to defining multiple zones of higher grade mineralization
that are expected to comprise resources amenable to
underground mining methods.
Highlights from recent drilling include:
* The identification of two primary high-grade lenses within the NN Zone horizon. Intersections in the newly identified "East Lense" have returned up to 13.05 grams per tonne Gold (g/t Au) across 4.1 metres (m) or 0.38 ounces per ton (oz/t) across 13.5 feet.
* Infill and expansion drilling further defines the EP Zone (open-pit) target with intersections of up to 3.16 g/t Au across 16.5 m (0.09 oz/t across 54.1 feet), 7.10 g/t Au across 9.0 m (0.21 oz/t across 29.5 feet) and 5.43 g/t Au across 10.2 m (0.16 oz/t across 33.5 feet).
* Deep drilling in the North and F-Zone continues to intersect impressive gold values suggesting excellent resource potential proximal to and below existing mine workings. Further results from this drilling are expected in the near future.
NN Zone Drilling
The near-surface portion of the NN Zone has now attained a strike length of approximately 600 metres. Recent drilling has been focused on defining narrower, underground style mineralization down-plunge and at depth below the previously announced, near-surface, NI43-101 resource estimate at Hardrock. Of particular significance, drilling has identified two lenses of higher-grade gold mineralization, both of which remain wide open for expansion (see Figure 1). Highlight intersections include 13.05 g/t Au across 4.1 m (0.38 oz/t across 13.5 feet) in hole MM160 from the new eastern high-grade lense that was identified when following-up a previously drilled intersection of 4.93 g/t Au across 10.5 m (0.14 oz/t across 34.4 feet), and previously announced intersections within the main NN zone that returned 22.97 g/t Au across 24.8 m (0.67 oz/t across 81.4 feet) and 8.14 g/t Au across 9.0 m (0.24 oz/t across 29.5 feet). Follow-up drilling down-plunge of these intersections is underway. New drill results from the NN Zone are contained in Table 1.
http://www.marketwire.com/press-release/Goldstone-Resources-Announces-Joint-Venture-Partner-Premier-Gold-Drilling-Continues-TSX-GRC-1309558.htm
Table 1 New Sub Zone Intercepts from NN Zone
Hole-ID UTM
Coordin-
ates
(m) Dip/
Azimuth
(deg-
rees) From
(m) To
(m) Inter-
val
(m) Grade
(g/
tonne) Inter-
val
(ft) Grade
(oz/
ton) Zone
MM143 5502849 N
503650 E -50/360 265.0 267.0 2.0 3.29 6.6 0.10 NN
MM146 5502802 N
503649 E -50/360 325.0 330.0 5.0 3.23 16.4 0.09 NN
includ-
ing 326.0 327.0 1.0 11.20 3.3 0.33 NN
MM148 5502850 N
503600 E -55/360 367.0 369.2 2.2 3.05 7.2 0.09 NN
MM160 5502852 N
504249 E -50/360 291.7 322.8 31.1 2.74 102.0 0.08 Upper
NN
includ-
ing 309.0 313.1 4.1 13.05 13.4 0.38 Upper
NN
MM165 5502818 N
504246 E -56/360 360.3 367.5 7.2 1.57 23.6 0.05 Upper
NN
403.0 405.2 2.2 13.15 7.2 0.38 NN
True widths estimated at approximately 70% of intersection widths
Missing holes can be considered to carry no significant value or will be included with other zones.
To view Figure 1 NN Zone Longitudinal Section (Looking North), please visit the following link: http://media3.marketwire.com/docs/HardRockInZone.pdf.
EP Zone Drilling
Infill and expansion drilling in the EP Zone continues to define high-grade, open-pit style and underground style gold mineralization. The EP Zone comprises much of the current near-surface gold resource at Hardrock and drilling is aimed at converting inferred resources to indicated status. A highlighted selection of drill results deemed to be significant from the EP Zone is contained in Table 2.
Table 2 New Sub Zone Intercepts from the EP Zone
Hole-ID UTM
Coordin-
ates
(m) Dip/
Azimuth
(deg-
rees) From
(m) To
(m) Inter-
val
(m) Grade
(g/-
tonne) Inter-
val
(ft) Grade
(oz/
ton) Zone
EP121 5503061 N
504450 E -45/360 140.2 146.0 5.8 1.77 19.0 0.05 NLB
173.7 176.0 2.3 8.28 7.5 0.24 NLC
EP122 5503060 N
504400 E -45/360 201.9 207.1 5.2 4.36 17.1 0.13 X
EP123 5503031 N
504399 E -45/360 218.5 229.5 11.0 2.19 36.1 0.06 NLB
includ-
ing 218.5 219.6 1.1 16.80 3.6 0.49 NLB
237.2 244.5 7.3 1.75 23.9 0.05 X
EP127 5503111 N
504550 E -38/360 49.6 60.5 10.9 0.91 35.8 0.03 NL
127.5 136.5 9.0 2.32 29.5 0.07 X
EP131 5502887 N
504400 E -50/360 240.8 247.8 7.0 1.37 23.0 0.04 SLB
261.4 264.6 3.2 1.63 10.5 0.05 SL
294.0 305.7 11.7 1.04 38.4 0.03 NL
369.6 371.0 1.4 6.48 4.6 0.19 NLB
382.0 382.8 0.8 12.20 2.6 0.36 NLC
EP134 5502910 N
504449 E -50/360 303.0 319.5 16.5 3.16 54.1 0.09 NL
327.9 331.5 3.6 3.82 11.8 0.11 NLC
357.7 360.0 2.3 11.00 7.5 0.32 X
Hole-ID UTM
Coordin-
ates
(m) Dip/
Azimuth
(deg-
rees) From
(m) To
(m) Inter-
val
(m) Grade
(g/
tonne) Inter-
val
(ft) Grade
(oz/
ton) Zone
EP139 5502990 N
504500 E -60/360 111.5 113.0 1.5 5.28 4.9 0.15 SLC
156.5 166.7 10.2 5.43 33.5 0.16 SLB
246.0 249.0 3.0 2.98 9.8 0.09 NLB
400.8 402.0 1.2 47.80 3.9 1.40 X
EP141 5502990 N
504600 E -60/360 152.0 154.0 2.0 3.46 6.6 0.10 SLC
268.0 270.6 2.6 11.67 8.5 0.34 NLB
288.0 303.0 15.0 3.11 49.2 0.09 NLC
EP142 5503000 N
504700 E -60/360 190.5 192.0 1.5 7.00 4.9 0.20 SL
202.5 208.5 6.0 3.25 19.7 0.09 NL
219.0 240.0 21.0 2.37 68.9 0.07 NLB
253.5 254.5 1.0 9.55 3.3 0.28 NLC
EP143 5502940 N
504750 E -60/360 289.5 314.2 24.7 2.94 81.0 0.09 NLC
includ-
ing 310.4 314.2 3.8 8.42 12.5 0.25 NLC
EP145 5504980 N
504900 E -60/360 204.0 213.0 9.0 7.10 29.5 0.21 SL
281.0 282.0 1.0 22.80 3.3 0.67 NLB
True widths estimated at approximately 70% of intersection widths
Missing holes can be considered to carry grades and widths consistent with management's expectations or contain no significant values.
Hardrock Deeps
Three drills are currently defining mineralization in several areas below the limits of historical mining at Hardrock, from which more than 2.1 Million ounces of gold was mined to a maximum depth of 600 metres, shallow for an Archean gold deposit. Results from this drilling are expected to be released in the near future.
"Our drilling both proximal to and below the historic mine workings is returning impressive results in multiple areas. This is very significant for the project because it confirms that the historic zones extend to depth and several targeted resource blocks remain wide open for expansion" stated Tim Twomey, Exploration Manager for Premier. "Our drilling continues to identify gold mineralization in new areas with consistent plunges to depth. This continued success has the potential to add materially to our current mineral resource."
The Hardrock Project is operated under a joint venture with Goldstone Resources Inc.(TSX:GRC) (Premier holds a 70% interest in the project). The Hardrock Project is host to several past-producing mines which collectively produced nearly 3.0 Million ounces of gold primarily from shallow depths within 600 metres of surface from 1938-1968. The Hardrock Project benefits from development advantages with the Trans-Canada Highway, Trans-Canada Pipeline, and major power lines running through the center of the property. A revised mineral resource estimate is expected to be completed following the 2010 drill program, potentially containing both open pit and underground style resources.
Stephen McGibbon, P. Geo., is the Qualified Person for the information contained in this press release and is a Qualified Person within the meaning of National Instrument 43-101. Assay results are from core samples sent to Activation Laboratories, an accredited mineral analysis laboratory in Ancaster, Ontario, for preparation and analysis utilizing both fire assay and screen metallic methods.
About Goldstone:
Formed by a late 2009 merger of Ontex Resources and Roxmark Mines, Goldstone is a well funded gold exploration and development company operating in the historically significant Geraldton-Beardmore area of Northwestern Ontario and focused on gold exploration and deposit delineation at its Brookbank, Northern Empire, Leitch-Sand River and Key Lake gold properties in the Geraldton-Beardmore Camp.
For more information, please contact
Goldstone Resources Inc.
J. Patrick Sheridan, Jr.
President & Chief Executive Officer
(416) 864-6332
(416) 628-5935 (FAX)
http://www.grcmines.com
http://www.marketwire.com/press-release/Goldstone-Resources-Announces-Joint-Venture-Partner-Premier-Gold-Drilling-Continues-TSX-GRC-1309558.htm
Goldstone Resources Announces Joint Venture Partner Premier Gold Drilling Continues to Expand Near-Surface Gold Zones at Hardrock
http://www.marketwire.com/press-release/Goldstone-Resources-Announces-Joint-Venture-Partner-Premier-Gold-Drilling-Continues-TSX-GRC-1309558.htm
nice chart work there Bob....
MBOT
Goldbugs Welcome to Goldstone Resources Inc. -
$GOLD Index -
$GOLD - Weekly
0815: RSI has bounced up from just above 50.
0718: MACD has made a bearish cross.
0704: $GOLD has re-entered its long-term channel, suggesting that the breakout to new highs was a fakeout. RSI's negative divergence continues.
0620: $GOLD has reached and is now exceeding its long-term Fibonacci target of about $1,250, based on the drop from $1,033.90 to $681 in 2008.
0521: RSI repelled just above 70. Negative divergence suggests medium-term top.
by Jesse
http://investorshub.advfn.com/boards/board.aspx?board_id=1499
God Bless
Philip Cunningham requisitions meeting of shareholders of Goldstone Resources Inc.
Posted on August 23, 2010
by sinha
/CNW/ - Mr. Philip Cunningham, a director and the largest shareholder of Goldstone Resources Inc. (Goldstone),
announced today that he has delivered to Goldstone and its board
of directors a requisition for a special meeting of shareholders
pursuant to section 105(1) of the Business Corporations Act (Ontario).
The meeting has been requisitioned for the purpose of removing
Mr. Gary Conn and Mr. Alan Ferry from the board and to fill
the resulting vacancies by electing Mr. Morris Prychidny
(a financial consultant) and Mr. Paul F. Little (President,
Westover Investments Inc.)
Mr. Cunningham owns and controls 10,881,110 common shares of Goldstone,
representing approximately 11.1% of the outstanding common shares.
This press release is issued pursuant to National Instrument
62-103 - The Early Warning System and Related Take-Over Bid
and Insider Reporting Issues, which requires a report to be
filed on SEDAR (www.sedar.com) containing additional
information with respect to the foregoing matters.
This entry was posted in Press Release and tagged india news,
Press Release, wnw. Bookmark the permalink.
Contacts: Goldstone Resources Inc. J. Patrick Sheridan, Jr. President & Chief Executive Officer (416) 864-6332
(416) 864-6332
(416) 628-5935 (FAX)
http://www.grcmines.com
SOURCE: Goldstone Resources Inc.
http://www.grcmines.com
http://news.pluggd.in/philip-cunningham-requisitions-meeting-of-shareholders-of-goldstone-resources-inc-221/
Goldstone Resources Key Lake Results
Highlight: 2.28 g/t over 42.7m
http://finance.yahoo.com/news/Goldstone-Resources-Key-Lake-iw-931084924.html?x=0&.v=1
GOLDSTONE RESOURCES INC.
TORONTO, ONTARIO--(Marketwire - 08/04/10) -
Goldstone Resources Inc.
("Goldstone" or "the Company") (TSX:GRC - News)(PINK SHEETS:GRSZF - News)
is pleased to announce the initial results from its 100% owned
Key Lake drilling program located just west of Geraldton, Ontario.
The Key Lake Property is contiguous to the Premier Gold/Goldstone
Resources Hard Rock Project in Geraldton, Ontario where diamond
drilling by the Company's partner, Premier Gold (TSX:PG - News),
has established a significant gold resource at surface as well
as high grade intersections at depth.
The Company's current Key Lake drill program, estimated to total
15,000 metres, will focus on finding near surface gold
mineralization amenable to open pit mining.
The first phase of drilling, totaling 26 holes is complete with the results of the first 12 holes received.
A summary of the results received to date are presented in the table below:
----------------------------------------------------------------------------
Drilled
Hole No. UTM N UTM E Azi Dip Au g/t Interval m. From m. To m.
----------------------------------------------------------------------------
----------------------------------------------------------------------------
KL 10-01 5506221 492401 185 -45 1.16 32.8 29.2 62
including 1.79 17.5 44.5 62
KL 10-02 5506054 492364 192 -47 0.86 45 81 126
KL 10-03A 5506301 492418 192 -47 1.17 22 138 160
KL 10-03B 5506301 492418 192 -57 0.94 10.5 115.5 126
KL 10-09 5506254 492101 12 -47 1.35 10 59 69
KL 10-10 5506201 492090 12 -47 1.77 17 99 116
KL 10-12 5506241 491996 12 -47 1.78 9 50 59
1.23 30 162 192
KL 10-13 5506241 491996 12 -47 1.47 11 70 81
KL 10-23 5506236 492352 192 -47 0.56 26.5 26 52.5
KL 10-24 5506274 492361 192 -47 1 34 84 118
KL 10-25 5506312 492369 192 -47 2.78 8 70 78
2.28 42.7 114.3 157
KL 10-26 5506312 492369 192 -57 1.04 23 172 195
----------------------------------------------------------------------------
Complete results for the remainder of the holes are still outstanding. Holes drilled were not in numeric order due to logistics and planning. True width of the zone is approximately 70% of drilled interval.
ABOUT KEY LAKE
The Key Lake horizon has an approximate strike length of 2.5km. The initial Phase 1 of drilling was concentrated on about a 1km strike length which hosted the former Magnet Mine. Historic drilling by Cyprus Canada Inc. in the mid-90's outlined a 40-50m wide zone of disseminated gold with a higher grade core comprised of a quartz-feldspar porphyry. The initial drilling of Goldstone's program was aimed at twinning historical holes and filling in gaps along the corridor at 100m intervals.
The exploration program is managed by Goldstone Resources under supervision of Mike Kilbourne, P.Geo, Vice President of Exploration and the qualified person for Goldstone Resources. Mr. Kilbourne prepared this release and states, "Key Lake has been a primary drill target since the amalgamation of Ontex Resources and Roxmark Mines. We are encouraged by the initial results and look forward to receiving additional promising values and continuing the drill program". Thus far the initial 15,000m of drilling is 40% complete.
On-site Quality Assurance/Quality Control Measures
All samples have been shipped to ACTLABS preparation laboratory in Geraldton Ontario, with analyses performed in the ACTLABS laboratory in Thunder Bay, Ontario. All core samples were selected by Goldstone site geologists, and were cut in half by diamond core saw. Individual samples were labeled, placed in plastic sample bags and sealed. Groups of samples were then placed into durable rice bags that were labeled and secured by tape for shipping. The remaining coarse reject portions of the samples remain in storage at the ACTLABS preparation laboratory storage facility in Geraldton as required in the event that further work is needed.
Independent Quality Assurance and Quality Control Protocol
A QA/QC program has been implemented to monitor all assays from the current drilling program. Samples are assembled in numbered batches of 38 samples. Included in each batch of 38 samples are two certified reference standards, two laboratory duplicates, one blank sample comprised of silica sand and one core duplicate sample. This QC program was set up for Goldstone Resources by Tracy Armstrong, P. Geo, of T.J. Armstrong Geological Consulting Inc. Ms. Armstrong is a qualified geologist in the Provinces of Ontario, Quebec and British Columbia.
About Goldstone:
Formed by a late 2009 merger of Ontex Resources and Roxmark Mines, Goldstone Resources is a well funded gold exploration and development company operating in the historically significant Geraldton-Beardmore area of Northwestern Ontario and focused on gold exploration and deposit delineation at its Brookbank, Northern Empire, Leitch-Sand River and Key Lake gold properties in the Beardmore Camp. At a 3.4 g/t gold cut-off grade, drilling has established 1.36 million tonnes grading 9.7 g/t gold containing 424,400 ounces of indicated resource and 1.09 million tonnes grading 7.9 g/t gold containing 276,600 ounces of inferred resource at Brookbank. (See National Instrument 43-101 technical report -"Technical Report on the Brookbank Gold Deposit, Beardmore -Geraldton Area, Northern Ontario, Canada" by Scott Wilson RPA Inc. dated May 4, 2009, as filed on SEDAR)
In addition, Goldstone has a 30% carried interest in the Hardrock Project in the Geraldton Camp, a joint venture with Premier Gold Limited, with Premier as operator.
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 includes certain "forward-looking statements". Such forward-looking statements involve risks and uncertainties. The results or events predicted in these forward-looking statements may differ materially from actual results or events. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
Contact:
Contacts:
Goldstone Resources Inc.
J. Patrick Sheridan
President & Chief Executive Officer
(416) 628-5930
(416) 628-5935 (FAX)
http://www.grcmines.com
Gold wil rise for years: Munk
lazyinvestor1
http://www.theglobeandmail.com/globe-investor/gold-will-rise-for-years-munk/article1659654/
Awaiting Key Lake Drill Results
richkat2
Will these results move the share price to its real value?
Also I wonder that one of the reasons things are so quiet
is that there discussions going on with a major.
Mr. Sheridan is leak proof or he is doing nothing:
I am hoping the former and that if we do get a leak it
is from the major he is talking too.
Started an Ad on Kitco!
richkat2
Excellent ad.
Hopefully this is the start of something big.
Maybe right at this moment as I am writing this Pat Sheridan
is talking to a big player who wants part of the action.
Our present share price does not even cover the Hardrock part
of GRC let alone the rest.
The Key Lake results could be the KEY to getting all
the wheels in motion.
<<<GRC had over 1.5mill share volume yesterday. That's good!>>>
What did the stock do with that volume?
GRC had over 1.5mill share volume yesterday. That's good!
Kiwi
Gold target being to around $1,950 per ounce -
2nd LT bullwave to run
http://www.grcmines.com/
June 22, p.m. excerpts: (from Dow Jones) -- Gold futures ended
flat, taking a breather from a day of volatile trading
among most asset classes caused by China's announcement
that it would eliminate the yuan's peg to the dollar.
Speculation about the effects of a revalued yuan initially
boosted equities and industrial commodities Monday, only
to have prices stabilize as enthusiasm for the change was hit
by the reality that revaluation will likely be gradual
and incremental.
Investors will instead be watching to see if
the Federal Reserve hints at a coming change
in interest rates...?
Steve, thanks for great gold mines bargain info
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=51597709
Goldstone Resources Exploration Update
TORONTO, ONTARIO--(Marketwire - June 22, 2010) - Goldstone Resources Inc. ("Goldstone" or "the Company") (TSX:GRC)(PINK SHEETS:GRSZF) announces the initiation of a preliminary economic assessment ("PEA") on the Company's Brookbank gold deposit located in Northwestern Ontario. The PEA will be carried out by Micon International Limited, Toronto, Ontario, and will assess the economic viability of mining the Brookbank deposit utilizing a decline ramp with trucking and milling the ore at the Company's fully permitted Northern Empire Mill.
The Brookbank Deposit currently hosts a significant NI 43-101 compliant high grade gold resource. Utilizing a 3.4 g/t Au.cut-off grade, the deposit hosts 424,400 ounces of gold in the indicated category (1.36 mt @ 9.7 g/t Au.) as well as 276,000 ounces in the inferred category (1.09 mt @ 7.9 g/t Au.) (See National Instrument 43-101 technical report –"Technical Report on the Brookbank Gold Deposit, Beardmore – Geraldton Area, Northern Ontario, Canada" by Scott Wilson RPA Inc. dated May 4, 2009, as filed on SEDAR). The Brookbank deposit is one of five advanced stage and/or past producing gold Properties owned by the Company in the Beardmore Geraldton gold district.
KEY LAKE DRILLING
The Company also announces that currently there are two drills conducting exploration drilling on the Company's 100% owned Key Lake property. The Key Lake Property is contiguous to the Premier Gold/Goldstone Resources Hard Rock Project in Geraldton, Ontario where diamond drilling by the Company's partner, Premier Gold (TSX:PG), has established a significant gold resource at surface as well as high grade intersections at depth. The Company's current Key Lake drill program, estimated to total 15,000 metres, will focus on finding near surface gold mineralization amenable to open pit mining.
LEITCH MINE/ SAND RIVER EXPLORATION
The Company currently has field crews mobilized to this historical past producer in order to identify areas for exploration drilling. Several areas of the Property have been identified for ground follow up work including trenching and diamond drilling.
Mike Kilbourne (P.Geo) is the Qualified Person for the information contained in this press release, and is a Qualified Person within the meaning of NI 43-101.
ABOUT GOLDSTONE RESOURCES
Goldstone Resources is a well financed junior exploration Company which holds advanced stage and past producing gold assets in the Geraldton Beardmore area of Northwestern Ontario.
The Company currently has active exploration programs on three of its properties. The Geraldton/Beardmore gold district has historical production of approximately 4.2 million 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.
Forward-Looking Statements
This news release includes certain "forward-looking statements". Such forward-looking statements involve risks and uncertainties. The results or events predicted in these forward-looking statements may differ materially from actual results or events. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
For more information, please contact
Goldstone Resources Inc.
J. Patrick Sheridan
President & Chief Executive Officer
(416) 628-5930
(416) 628-5935 (FAX)
www.grcmines.com
http://www.marketwire.com/press-release/Goldstone-Resources-Exploration-Update-TSX-GRC-1279576.htm
It is late enough in the daily cycle that we have a short
term correction coming due soon. It's probably more likely
that gold breaks out, then re-tests the breakout level at $1250 -
by Toby Connor
dd....
http://www.grcmines.com/
nice that will come in handy for owners of mine.....
MBOT
MadeBucksOnThis' on 'GOLDSTONE RESOURCES (TSE:GRC)
it looks like a forgotten hidden old Au treasure
with many golden treasure Au chest of old rich gold mines
Have we found a bottom possibly? If gold continues to go up I would be surprised if this is not the bottom.
Why do you guys like this one so much?
thanks for the update....good read!
MBOT
IMF proposes new ‘global currency’
Dominique Strauss-Kahn, the head of the International Monetary Fund,
suggested Friday the organization might one day be called on
to provide countries with a global reserve currency that would
serve as an alternative to the U.S. dollar.
“That day has not yet come, but I think it is intellectually
healthy to explore these kinds of ideas now,” he said in a...
http://www.eutimes.net/?s=9%2F11
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50933385
http://www.bibliotecapleyades.net/sociopolitica/sociopol_globalbanking48.htm
90% of people in the world today who call themselves Jews
are actually Khazars,
http://www.rense.com/general88/hist.htm
http://www.texemarrs.com/
Canadian gov. have done what they been told by the khazars banks -
Canada's 75 Billion Dollar Bank Bailout
25 Jan 2009 ... It is directly related to a 75 billion dollar bank
bailout program for Canada's chartered banks, announced, virtually
unnoticed, ...
http://www.globalresearch.ca/index.php?context=va&aid=12007
plus another 30 billion + blank cheque to Greece bailout..
The khazars bolsheviks will give the Western Society people
a new gulag -
Jew or not the 666 don't care -
http://en.wikipedia.org/wiki/Gulag
DON'T EVER FORGET! -
http://www.reformation.org/adolf-hitler.html
http://www.bibliotecapleyades.net/sociopolitica/sociopol_globalbanking54.htm
http://www.bibliotecapleyades.net/sociopolitica/esp_sociopol_rothschild20.htm
http://www.bibliotecapleyades.net/sociopolitica/sociopol_globalbanking02.htm
its a long hike UP to closer to fair value -
gold has not started the bull run yet -
For more information, please contact
Goldstone Resources Inc.
J. Patrick Sheridan
President & Chief Executive Officer
(416) 864-6332
(416) 628-5935 (FAX)
http://www.grcmines.com
Click here to see all recent news from this company
http://www.marketwire.com/press-release/Goldstone-Resources-Exploration-Update-TSX-GRC-1259505.htm
http://investorshub.advfn.com/boards/board.aspx?board_id=1499
http://www.888c.com/
God Bless
Canadians and Mexicans would never go for the Amero, not to mention the Cubans and other Central American and Caribbean countries which are part of North America.
Since you took care to point out that that guy is Jewish, I expect you also to point out when someone is Christian, atheist, or any religion ot ethnicity. You will make sure to do that, right? Otherwise people might get the impression you are one of those wack job anti-Semite conspiracy theorists.
LC
AMERO the New Currency in America? -
Jewish head of IMF proposes new ‘global currency’
Dominique Strauss-Kahn, the head of the International Monetary Fund,
suggested Friday the organization might one day be called on
to provide countries with a global reserve currency that would
serve as an alternative to the U.S. dollar.
“That day has not yet come, but I think it is intellectually
healthy to explore these kinds of ideas now,” he said in a...
http://www.eutimes.net/?s=9%2F11
Army slams door on Obama details
Lt. Col. Lakin
hearing: 'Items pertaining to president's
credentials are not relevant'
http://www.wnd.com/index.php?fa=PAGE.view&pageId=161961
http://www.eutimes.net/?s=9%2F11
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50897981
THE DAY GOLD CORNERS PAPER MONEY
On that day, according to Professor Antal E. Fekete,
a spontaneous gold corner could develop;
but the corner would not be driven by speculators
cornering a commodity to drive up its price.
The corner will be caused by the refusal of those who own
gold to exchange their increasingly precious metal for
increasingly worthless paper currencies.
Since 1913 when the Federal Reserve first issued its debt based
paper money in the US, the paper US dollar has lost 95 % of
its value, a loss of 95 % over 95 years.
Perhaps in five more years, 100 years after the creation of
the Federal Reserve, the US dollar will have lost 100 % of
its value - which means in five years -
the US paper dollar will be worth nothing.
Throughout history, no fiat money system has stood the test
of time.
All attempts to substitute paper money for gold and silver
have ended in the total destruction and debasement of
the currency.
This time will be no different.
It is hubris to think otherwise but unfortunately the vast
majority have been brain washed by elite media to do -
which is a clear sign they're not thinking at all -
http://www.bibliotecapleyades.net/sociopolitica/sociopol_bigcrash26.htm
its a long hike UP to closer to fair value -
gold has not started the bull run yet -
For more information, please contact
Goldstone Resources Inc.
J. Patrick Sheridan
President & Chief Executive Officer
(416) 864-6332
(416) 628-5935 (FAX)
http://www.grcmines.com
Click here to see all recent news from this company
http://www.marketwire.com/press-release/Goldstone-Resources-Exploration-Update-TSX-GRC-1259505.htm
http://investorshub.advfn.com/boards/board.aspx?board_id=1499
http://www.texemarrs.com/
God Bless
THE DAY GOLD CORNERS PAPER MONEY
On that day, according to Professor Antal E. Fekete,
a spontaneous gold corner could develop;
but the corner would not be driven by speculators
cornering a commodity to drive up its price.
The corner will be caused by the refusal of those who own
gold to exchange their increasingly precious metal for
increasingly worthless paper currencies.
Since 1913 when the Federal Reserve first issued its debt based
paper money in the US, the paper US dollar has lost 95 % of
its value, a loss of 95 % over 95 years.
Perhaps in five more years, 100 years after the creation of
the Federal Reserve, the US dollar will have lost 100 % of
its value - which means in five years -
the US paper dollar will be worth nothing.
Throughout history, no fiat money system has stood the test
of time.
All attempts to substitute paper money for gold and silver
have ended in the total destruction and debasement of
the currency.
This time will be no different.
It is hubris to think otherwise but unfortunately the vast
majority have been brain washed by elite media to do -
which is a clear sign they're not thinking at all -
http://www.bibliotecapleyades.net/sociopolitica/sociopol_bigcrash26.htm
its a long hike UP to closer to fair value -
gold has not started the bull run yet -
For more information, please contact
Goldstone Resources Inc.
J. Patrick Sheridan
President & Chief Executive Officer
(416) 864-6332
(416) 628-5935 (FAX)
http://www.grcmines.com
Click here to see all recent news from this company
http://www.marketwire.com/press-release/Goldstone-Resources-Exploration-Update-TSX-GRC-1259505.htm
http://investorshub.advfn.com/boards/board.aspx?board_id=1499
Why such a huge drop? Where is the bottom?
Goldstone Resources Exploration Update
TORONTO, ONTARIO--(Marketwire - May 13, 2010) -
Goldstone Resources Inc.
("Goldstone" or "the Company") (TSX:GRC)(PINK SHEETS:GRSZF)
is pleased to provide an update on our exploration efforts in
the Beardmore-Geraldton area of northern Ontario.
Following the merger of Ontex Resources and Roxmark Mines in
late 2009 to form Goldstone, a large geological and historical
production database has been examined to prioritize exploration
targets.
KEY LAKE, GERALDTON
The Key Lake property will be the focus of approximately 15,000m
of diamond drilling, scheduled to start on June 1st.
Historical drilling by Cyprus Amax and Placer Dome in the 80's
and 90's has outlined a 2.5 km long band of gold mineralization
that appears to have low grade open pit potential.
Goldstone plans to twin some of these historical holes and
systematically drill along the 2.5km strike length to explore
this potential.
This property is located approximately 14km west of
the Hardrock Project, where Premier Gold (in joint venture
with Goldstone) has announced impressive open pit and
underground results.
LEITCH-SAND RIVER MINE, BEARDMORE
In the Beardmore area, compilation and prioritization of targets
is ongoing.
Several promising areas with limited exploration on strike
from the high grade Leitch-Sand River mines will be the focus
of diamond drilling later in the fall.
Additional programs of ground geophysics, trenching and mapping
will be conducted on targets in the area that exhibit structural
and geological similarities to the historical high grade deposits.
Mike Kilbourne (P.Geo) is the Qualified Person for the information
contained in this press release, and is a Qualified Person within
the meaning of National Instrument 43-101.
About Goldstone
Formed by late 2009 merger of Ontex Resources and Roxmark Mines,
Goldstone Resources is a well funded gold exploration and
development company operating in the historically significant
Geraldton-Beardmore area of Northwestern Ontario and focused
on gold exploration and deposit delineation at its
Brookbank,
Northern Empire,
Leitch-Sand River and
Key Lake gold properties in the Beardmore Camp.
At a 3.4 g/t gold cut-off grade, drilling has established
1.36 million tonnes grading 9.7 g/t gold containing
424,400 ounces of indicated resource and 1.09 million tonnes
grading 7.9 g/t gold containing 276,600 ounces of
inferred resource at Brookbank.
(See National Instrument 43-101 technical report –"Technical
Report on the Brookbank Gold Deposit,
Beardmore – Geraldton Area, Northern Ontario, Canada"
by Scott Wilson RPA Inc. dated May 4, 2009, as filed on SEDAR).
In addition, Goldstone has a 30% carried interest in
the Hardrock Project in the Geraldton Camp, a joint venture
with Premier Gold Limited, with Premier as operator.
Goldstone Resources Inc.
Further information is available on the Company's website at http://www.grcmines.com
and on SEDAR under the Company's profile at www.sedar.com.
Forward-Looking Statements
This news release includes certain "forward-looking statements". Such forward-looking statements involve risks and uncertainties. The results or events predicted in these forward-looking statements may differ materially from actual results or events. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
For more information, please contact
Goldstone Resources Inc.
J. Patrick Sheridan
President & Chief Executive Officer
(416) 864-6332
(416) 628-5935 (FAX)
http://www.grcmines.com
Click here to see all recent news from this company
http://www.marketwire.com/press-release/Goldstone-Resources-Exploration-Update-TSX-GRC-1259505.htm
http://investorshub.advfn.com/boards/board.aspx?board_id=1499
RE:
KEY LAKE GOLD MINE, GERALDTON
The Key Lake property will be the focus of approximately 15,000m
of diamond drilling, scheduled to start on June 1st.
Historical drilling by Cyprus Amax and Placer Dome in the 80's
and 90's has outlined a 2.5 km long band of gold mineralization
that appears to have low grad eopen pit potential.
Goldstone plans to twin some of these historical holes and
systematically drill along the 2.5km strike length to explore
this potential.
This property is located approximately 14km west of
the Hardrock Project, where Premier Gold (in joint venture
with Goldstone) has announced impressive open pit and
underground results.
FYI; for your info, short snippet ex.
from past exploration and
developments:
On January 15, 1996
Cyprus Canada Inc. signed a Mining Venture Agreement with
Roxmark Mines Limited where by Cyprus may earn an interest in
the Roxmark property by completing a 32.0 million work expenditure
and making annual cash
payments totalling S250,000 by January 15, 2000.
Cyprus has the option to increase it's
interest , by agreeing to fund Roxmark's share of Exploration and
Development costs from the commencement of commercial production at
a rate of prime plus
20xk.
Underlying NSR's range between 2 and 3 percent.
The 115 claims comprising the property encompass
approximately 2,288 hectares in the Errington and Lindsley
townships in the Geraldton area of north-western Ontario
This is the html version of the file
http://www.geologyontario.mndm.gov.on.ca/mndmfiles/afri/data/imaging/42E10NW0009//42E10NW0009.Pdf.
A short summary of previous exploration work conducted in
Lindsley and Errington townships is given below:
Lindsley Township:
1934:
Jelicoe Gold Mining Company acquired land to the west of the Bankfield
Mine, as well as land along the projected strike of a gold bearing zone
located at Magnet Lake. Stripping and diamond drilling revealed a
auriferous zone on present claim TB12406.
1936:
Jelicoe Consolidated Gold Mines Ltd. drilled 4,391 metres outlying a
small low-grade deposit on claim TB12149.
1937-1940: Jelcoe Mines (1939) Ltd. mines out the deposit.
1963:
Jelicoe Mines (1939) Ltd. changed its name to Jelex Mines Ltd.
1973:
Old mine records are re-examined. Ground magnetometer and V.L.F.
surveys were performed. Two diamond drill holes tested resulting
targets. No significant results were encountered
1978:
Jelex Mines Ltd. changed its name to Key Lake Explorations Ltd.
1982:
Dome Exploration Canada Ltd. options property.
100m interval grid was cut with ground magnetometer survey.
1983-1984: IP. and V.L.F. surveys were carried out over the property.
1983-1990: Placer Dome Inc. drilled 87 diamond drill holes outlining
a very low grade potential deposit.
1996:
Cyprus Canada Inc. drilled 13 diamond drill holes confirming the
grade deposit but the POG price of gold was going lower to 2001.
good info, thanks NYB
MBOT
Gold outperforms both Industrial Metals and Oil
it is a very good sign for the HUI/Gold ratio
While the outlook for Gold is very positive, the outlook
for the gold stocks and various juniors is even brighter
history often repeat itself -
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50033510
Great oldy goldy producers are my bargain play
http://investorshub.advfn.com/boards/board.aspx?board_id=1499
..makes me sleep better
Goldstone Resources Exploration Update
TORONTO, ONTARIO--(Marketwire - May 13, 2010) -
Goldstone Resources Inc.
("Goldstone" or "the Company") (TSX:GRC)(PINK SHEETS:GRSZF)
is pleased to provide an update on our exploration efforts in
the Beardmore-Geraldton area of northern Ontario.
Following the merger of Ontex Resources and Roxmark Mines in
late 2009 to form Goldstone, a large geological and historical
production database has been examined to prioritize exploration
targets.
KEY LAKE, GERALDTON
The Key Lake property will be the focus of approximately 15,000m
of diamond drilling, scheduled to start on June 1st.
Historical drilling by Cyprus Amax and Placer Dome in the 80's
and 90's has outlined a 2.5 km long band of gold mineralization
that appears to have low grade open pit potential.
Goldstone plans to twin some of these historical holes and
systematically drill along the 2.5km strike length to explore
this potential.
This property is located approximately 14km west of
the Hardrock Project, where Premier Gold (in joint venture
with Goldstone) has announced impressive open pit and
underground results.
LEITCH-SAND RIVER MINE, BEARDMORE
In the Beardmore area, compilation and prioritization of targets
is ongoing.
Several promising areas with limited exploration on strike from
the high grade Leitch-Sand River mines will be the focus of
diamond drilling later in the fall.
Additional programs of ground geophysics, trenching and mapping
will be conducted on targets in the area that exhibit structural
and geological similarities to the historical high grade deposits.
Mike Kilbourne (P.Geo) is the Qualified Person for the information contained in this press release, and is a Qualified Person within the meaning of National Instrument 43-101.
About Goldstone
Formed by late 2009 merger of Ontex Resources and Roxmark Mines,
Goldstone Resources is a well funded gold exploration and
development company operating in the historically significant
Geraldton-Beardmore area of Northwestern Ontario and focused
on gold exploration and deposit delineation at its
Brookbank,
Northern Empire,
Leitch-Sand River and
Key Lake gold properties in the Beardmore Camp.
At a 3.4 g/t gold cut-off grade, drilling has established
1.36 million tonnes grading 9.7 g/t gold containing
424,400 ounces of indicated resource and 1.09 million tonnes
grading 7.9 g/t gold containing 276,600 ounces of
inferred resource at Brookbank.
(See National Instrument 43-101 technical report –"Technical
Report on the Brookbank Gold Deposit,
Beardmore – Geraldton Area, Northern Ontario, Canada"
by Scott Wilson RPA Inc. dated May 4, 2009, as filed on SEDAR).
In addition, Goldstone has a 30% carried interest in
the Hardrock Project in the Geraldton Camp, a joint venture
with Premier Gold Limited, with Premier as operator.
Goldstone Resources Inc.
Further information is available on the Company's website at http://www.grcmines.com
and on SEDAR under the Company's profile at www.sedar.com.
Forward-Looking Statements
This news release includes certain "forward-looking statements". Such forward-looking statements involve risks and uncertainties. The results or events predicted in these forward-looking statements may differ materially from actual results or events. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
For more information, please contact
Goldstone Resources Inc.
J. Patrick Sheridan
President & Chief Executive Officer
(416) 864-6332
(416) 628-5935 (FAX)
http://www.grcmines.com
Click here to see all recent news from this company
http://www.marketwire.com/press-release/Goldstone-Resources-Exploration-Update-TSX-GRC-1259505.htm
http://investorshub.advfn.com/boards/board.aspx?board_id=1499
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Goldstone Resource Inc.
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 -
Property Maps
Location Map
Geraldton Properties
Beardmore Properties
DD ...
http://www.roxmark.com/properties.html
http://www.roxmark.com/ops_program.html
DD ...
http://www.roxmark.com
http://new.stockwatch.com/swnet/utilit/utilit_snapsh_result.aspx
RMK - TSX -
http://www.tsx.com/HttpController?GetPage=QuotesLookupPage&DetailedView=DetailedPrices&Market=T&Language=en&QuoteSymbol_1=RMK-V&x=18&y=18
http://www.cnq.ca/Page.asp?PageID=2013&AA_RecordID=91
Symbol: RMKL
Stock Exchange -
Canadian Trading & Quotation System Inc. (CNQ.ca)
http://www.investorshub.com/boards/quotes.asp?ticker=rmkmf
http://tinyurl.com/mk96r
Roxmark Mines - RMKMF -
http://new.stockwatch.com/swnet/utilit/utilit_snapsh_result.aspx
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 |
http://finance.yahoo.com/q?s=RMKMF.PK
Got Roxmark - DD...
http://www.roxmark.com
Roxmark Mines JV-Related Website info:
Welcome to Roxmark forum
join and enjoy -
do tell us your opinions -
ask your questions ...
Tia. Brgds.
Bob
Money Masters: Federal Reserve History part 1 of 3
http://video.google.com/videoplay?docid=8442305921010099392&q=conspiracy
Money Masters: Federal Reserve History part 2 of 3
http://video.google.com/videoplay?docid=5020331178524208549&q=conspiracy
Money Masters: Federal Reserve History part 3 of 3
http://video.google.com/videoplay?docid=6666372716915416357&q=conspiracy
http://www.goldrush21.com/
General Rules:
All sincere comments and opinions concerning this company
are welcome -
No bashing or mindless hype will be allowed -
Lively discussions are premitted as long as they
remain non-personal -
Name calling is not going to be allowed -
Moderator Thoughts:
Remember invest at your own risk -
based on your own DD and only at your risk tolerance level -
Those who make peaceful REVOLUTION impossible will
make violent REVOLUTION inevitable.
- John F. Kennedy
Shut Down The Federal Reserve: Save America!
http://www.ipetitions.com/petition/AFTF_P_1/
†With God all things are possible†
by: todd h
ROB-TV in exposing the Gold price suppression scheme -
http://www.youtube.com/watch?v=GbPetrK_6Lc&mode=related&search
Join GATA -
http://www.GATA.org
Gold Show -
2007 Vancouver Resource Investment Conference
Vancouver Convention and Exhibition Centre
Sunday and Monday, January 21 and 22, 2007
http://www.cambridgeconferences.com/ch_jan2007.html
http://www.kereport.com/videos/Analyzing4.shtml
http://www.sim.org/
http://www.vatican.va
http://tinyurl.com/365wag
The Fiat Money System -
Dr. Bill Veith in studio w/ Alex Jones -
http://tinyurl.com/y3gdzh
The Financial System Is A Farce -
http://www.sprott.com/pdf/marketsataglance/10_2007.pdf
by Eric Sprott spells it our clearly -
HON. RON PAUL OF TEXAS -
Before the U.S. House of Representatives -
The End of Dollar Hegemony -
http://tinyurl.com/uq9kf
http://www.halloffame.mining.ca/halloffame/english/bios/springer.html
http://www.halloffame.mining.ca/halloffame/english/bios/brown-m.html
http://www.halloffame.mining.ca/halloffame/english/bios/watts.html
7Wonders of Thunder Bay - Sleeping Golden Giant the Legend -
http://www.tbsource.com/7wonders.pdf
Greenstone area looking forward to mining resurgence -
http://www.tbsource.com/Localnews/index.asp?cid=102127
Re-opening of Northern Empire Gold Mine -
(Newmont Mining's old Canadian Northern Empire Gold Mine)
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24701002
http://www.roxmark.com/properties.html
http://www.roxmark.com/history.html
http://www.roxmark.com/prop_gold.html
Please pass it along >>>>>>>>>>>>>>>>>>>>>>>>>>>>>
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Welcome to the Goldstone / Roxmark Mines - discussion board
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