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IROG: 25 mil AS and 6.2 mil OS OTCQB
...as per last Q report!
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8347405
Authorized:
The total authorized capital is 25,000,000 common shares with a par value of $0.001 per common share.
Issued and Outstanding:
The total issued and outstanding capital stock is 6,199,960 common shares with a par value of $0.001 per common share.
The Snowden Report: Highlights
Results from the surface mapping, sampling and geophysical program indicate a number of significant mineralisation targets that warrant a follow up exploration drilling program. The exploration work completed to-date suggests that the Falcon mine property may contain 3 types of economic mineralization and Snowden strongly recommends that the proposed models be tested with a next phase of exploration drilling.
and...:
A literature search, carried out by Henkle, determined that the Falcon Silver Mine there has been little if any post WW II production. The mine was operated in the past, as a small scale, narrow vein underground operation. It has been perceived by the Nevada exploration community, until recent years, as having potential for small scale underground production and has not attracted attention from those searching for Carlin type mineralization targets.
It was not until the discovery of the Ken Snyder Mine at Midas, Nevada in 1994 that the exploration community began to pay serious attention to prospects with similar geologic characteristics to the Falcon Mine. The Ken Snyder Mine is a volcanic hosted,low sulfidation, narrow vein, high grade underground mine with cumulative production to 2011, of approximately 2 million oz. of gold.
and...:
Ag/Au 4 are strong multi point anomalies that are 100 and 200 m wide respectively with values of 110 ppb Ag and 1.8 ppb Au. The anomalies straddle a very large and unusually high resistivity anomaly found between elevations 1900 and 1400 m and to the west of 551750. This body is interpreted as a zone of structurally controlled silicification, localized in Paleozoic sediments, emplaced along the Falcon Mine Fault.
The width of these anomalies, along with their strength, indicates that there has been considerable flow of mineralizing fluids along the Falcon Mine Fault and a possible subsidiary fault located at 551750. This is a significant anomaly with respect to both geophysics and geochemistry.
and...:
The volcanics appear to be about 100 m thick along this line. This is significant because it means that the Paleozoic sediments (which possibly host Meikle type mineralization), are considerably shallower (and thus easier to exploit if hosting economic mineralization) than previous estimations. Long (2000), for example, estimated a thickness of approximately 300 m for these volcanics. There are three robust silver and two robust gold anomalies found along this line.
and...:
Ag/Au 1 is a 375 m wide Ag and 300 m wide Au multiple point anomaly with values of 200 ppb Ag and 18 ppb Au. It hosts the most anomalous values along any line in the project area. The anomaly straddles the entire width of Remer Hill. In particular, it straddles a zone of resistivity from 550850 to 551000;; the zone is intensely resistive (light blue and white colors indicating intense silicification) above elevation 2000 m.
and...:
Conclusions
It is concluded that:
- At least three gold and silver bearing volcanic hosted quartz stockwork vein systems were discovered in outcrop in the northern portion of the prospect between geophysical/geochemical survey lines 4 and 5.
- Composite rock chip sampling of these stockwork vein systems indicated widths of 12 to 33 m., assaying greater than 0.3 gpt Au and 15 gpt Ag(representative of low grade open pit ore).
- Multiple resistivity and conductivity geophysical anomalies which are interpreted to represent both silicification and/or carbonaceous alteration along structures are present on all lines surveyed.
- The geophysical survey identified numerous multi point gold and silver geochemical anomalies with widths of up to 375 metres, overlie interpreted structurally related alteration zones. This suggests that the alteration zones may host economic mineralization.
- The exploration carried out by Snowden indicates that the Falcon Mine Prospect has expected mineralization supporting the following drill targets.
o Line 1 : Four attractive drill targets;; three shallow and one deep, all have both geophysical and geochemical signatures.
o Line 3 : Three attractive drill targets;; all of which have both
geophysical and geochemical signatures.
o Line 4 : At least eight attractive drill targets;; all of which have strong geophysical and geochemical signatures.
o Line 5 : At least three major and several minor attractive drill targets,all of which have strong geophysical and spectacular geochemical signatures.
- The drill targets summarized above lie at depths from between 100 and 750 metres. Additional drill targets are likely to be identified as more information is accumulats..
- The portion of the project area traversed by Line 2, while having some very interesting geophysical features exhibits a weak geochemical signature. Additional surface exploration is required prior to any drilling in this area.
- The volcanic deposits have an interpreted, geophysical signature that suggests a mineralised thickness in the order of 150 meters. Meikle??type sediment hosted targets could be considerably shallower than previously thought and thus easier to develop.
- The Falcon Mine Prospect has potential to host three types of economic mineralization. These are:
o Shallow volcanic hosted, low sulfidation, low grade mineralization(open pit).
o Deeper, volcanic hosted, Midas type, low sulfidation high grade
mineralization (underground).
o Deeper , sediment hosted, Meikle type, high grade mineralization
(underground)
READ THE FULL REPORT HERE: chalk full of factual information:
http://www.ironwoodgold.com/projects/images-redwood/pdf/Snowden-Final-Report.pdf
Ironwood Gold to Proceed With 18-Hole, 6000m Drill Program at Falcon Property, Carlin Trend, Nevada
Date : 02/21/2012 @ 4:15PM
Source : MarketWire
Stock : Ironwood Gold Corp. (IROG)
Quote : 0.119 0.044 (58.67%) @ 4:32PM
Ironwood Gold to Proceed With 18-Hole, 6000m Drill Program at Falcon Property, Carlin Trend, Nevada
PrintAlert
Ironwood Gold Corp (OTCBB:IROG)
Intraday Stock Chart
Today : Wednesday 22 February 2012
Ironwood Gold Corp. (OTCBB: IROG) ("Ironwood" or the "Company") wishes to advise of plans to proceed with an 18-hole, 6000 meter drilling program after receiving a favorable assessment from Snowden Mining Industry Consultants Inc. ("Snowden"). The Company is pleased to announce that Snowden successfully completed its 2011 fieldwork and geophysical surveys enabling the completion and delivery of an in-depth Preliminary Assessment on the company's Falcon Mine gold prospect.
Based on the results from surface mapping, sampling and a geophysical program, Snowden has identified a number of significant mineralization targets that are recommended as warranting a follow up exploration drilling program. Snowden strongly recommends that the proposed models be tested with a next phase of exploration drilling. The exploration work completed to-date suggests that the Falcon mine property has potential to host three types of economic mineralization. These are:
1. Shallow volcanic hosted, low sulphidation, low grade mineralization (open pit).
2. Deeper, volcanic hosted, Midas-type, low sulphidation high grade mineralization (underground).
3. Deeper, sediment hosted, Meikle-type high grade mineralization (underground).
Murray Lytle, P.Eng Divisional Manager of Snowden Mining Industry Consultants, stated, "Snowden commenced the Falcon mine exploration project to find indicators for Carlin-type mineralization. The geophysical and sampling efforts undertaken have resulted in very strong, coincident anomalies (geophysics, soil analysis and rock chip sampling), which support models for three different mineralization styles including potential for sediment-hosted gold mineralization. The highly anomalous soil sampling grades were particularly encouraging. Snowden has identified 18 drill-hole targets and strongly recommend a next phase of exploration to test the subsurface mineralization of the coincident anomalies and is optimistic about the potential for exploration success."
Ironwood is in the process of appointing a drilling contractor in conjunction with Snowden as consultants. We plan to commence drilling once favorable weather conditions persist.
Ironwood's CEO, Bezhad Shayanfar, states, "We are delighted with the results from our efforts on the ground. Furthermore we are actively engaging a number of resource-focused potential investors with the view to fund both the current exploration program at the Falcon Mine and potential future acquisitions."
The Falcon Mine property is located in an area bordered by claims held by major global mining operators at the northern end of the Carlin Trend gold belt, the most prolific gold producing area in the USA and the 2nd most productive gold region in the world. A copy of the report and a detailed description of the property is available here: http://www.ironwoodgold.com/projects/redwood.aspx.
Additional details regarding the Company and its agreements are filed as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database. For more information visit: www.ironwoodgold.com.
ABOUT IRONWOOD GOLD CORP. (OTCBB: IROG)
Ironwood Gold Corp. is a mineral exploration and development company building a portfolio of prospective properties containing known deposits of strategic precious metals in politically stable, mining-friendly North American districts with recognized production histories. For more information visit: www.ironwoodgold.com.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
ON BEHALF OF THE BOARD
Ironwood Gold Corp.
-----------------------------
Behzad Shayanfar, CEO
Investor Information:
Red Oak Communications, Inc.
Phone: 1-888-356-4942
Email: info@ironwoodgold.com
Web: www.ironwoodgold.com
Folks: people have been waiting for years for this news......and years lol:
mike1988
Share
Tuesday, November 24, 2009 4:38:03 PM
Re: None
Post # of 2136
any one know when there going to drill or take samples?
Ironwood Gold Corp (IROG) Stock Trading Info:
...and here we are......looks like THIS will be the year, or the Summer to finally get some results from drilling! Going back in the posting history this is what people were waiting for: both a VERY positive sampling now done by Snowden....and drilling TO BEGIN AS SOON AS WEATHER PERMITS...
....!
Price under BID and ASK througout much of day lol....
....but here we go: all these next weeks and months will be good for one thing imo: slow accumulation on the dips. PPS could do whatever in a tiny 25 mil AS: at the end of the day if they even discover only a mere 100,000 oz of mineable gold - that puts this imo into stratosphere from these levels.
I will work on the Ibox this week and update it .... a lot of exciting things to come in 2012, and I hope that we continue to add new Longs here: 'The IROG-Z Golden Long Society of Damsels and Gentlemen' lol
Thanks elkomite, all very positive info. I have been holding this stock since late last year. Although I am not overly versed on mining data this has been a very inetresting company with great potential. Thanks for sharing the info that you have shared on this board it is much appreciated. I think we have a great potential gem with this stock and i know I am holding for the foreseable future.
Everyone here should member mark ElkoMike - he is our actual guy on the scene here in Arizona. His assesments are honest and his knowledge enlightening....: if your new go back and read all his posts imo on this board....
Your welcome. Glad to be of help :)
People are sleepimg imo to not see the potential here....we have it all: share strucuture, location, and now a bullish Snowden preliminary testing report based on FACTS.
...and for anyone new check out Ironwood's elegant webpage - you will find a good decription of their property and the significance of its location....as well as be able to read the Snowden report with link provided:
http://www.ironwoodgold.com/projects/redwood.aspx
Thanks for alert GM Tech on BB's Board last night....this has been on 'sleep mode' with me since November!
Mark for you!
I agree. Things look very promising here with spring just around the corner. Should be a fun year and in the years to come. I have been accumulating all this time :)
ElkoMike: The report is bullish to say the least...Snowden in no uncertain terms validates the evidence and liklihood of economic mineralization of both silver and gold on their Falcon Mine property. Next step is to now drill this Spring....: very exciting times ... and imo time to buy on dips in coming months. This news is potentially HUGE even if this was a lol billion AS stock ...:
BUT its not...its a 25 mil AS stock that has monstrosity written in gold all around it I think....!
Nobody3: 25mil AS! lol !!6 mil OS!!: your right - the company did not have to also lower the AS which for me is the biggest deal of all on any SS. From the 8 K last October:
SECTION 5 - CORPORATE GOVERNANCE AND MANAGEMENT
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
Effective October 28, 2011, after receipt of approval from the Financial Industry Regulatory Authority (“FINRA”), Ironwood Gold Corp., a Nevada corporation (the “Company”), effected a 1-for-20 reverse stock split together with a corresponding reduction (from 500,000,000 to 25,000,000) in the number of authorized shares of the Company’s common stock (the “Reverse Split”).
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8209296
Press release? Is that all you penny traders worry about? Go to the web site and read the Snowden report. It will tell you about the minerals that are there. Read the TO117408 through TO 117415 chemical soil analisys of the lines they did in the report. It will show you where they found spikes in silver (Ag) and gold (Au) on the property. It's like I said a couple post back Ironwood needs the report and,,,,,,,....... they need to drill to prove what the little yellow and purple area's on the chart are. Got it. Hope this helps explain what a market wire means... it means do your home work before you invest in any stock. The market wire gave you some data now research it and make your own informed decision... take care elkomike
Very good news. A big future for the company and the news is promising. I am in this for long term. Got to love Gold $$$$
IROG back in business
Ironwood Gold to Proceed With 18-Hole, 6000m Drill Program at Falcon Property, Carlin Trend, Nevada
4 hours 29 minutes ago - Marketwire via Comtex
Ironwood Gold Corp. (OTCBB: IROG) ("Ironwood" or the "Company") wishes to advise of plans to proceed with an 18-hole, 6000 meter drilling program after receiving a favorable assessment from Snowden Mining Industry Consultants Inc. ("Snowden"). The Company is pleased to announce that Snowden successfully completed its 2011 fieldwork and geophysical surveys enabling the completion and delivery of an in-depth Preliminary Assessment on the company's Falcon Mine gold prospect.
GM what is your take on the IROD press release. I am not sure it has much meat to it to move the stock.
Thanks for the heads-up.
Warning to new investors!
This is the biggest scam I ever seen,did reverse split without any filings and warnings to shareholders.NEVER TRUST THEM!
As for the mines around here the do not shut down for winter. they have 450 ton haul trucks with chains on the mining does not stop. Now for the exploration, if you got the equipment you can keep working. The Falcon property does now have a couple feet of snow on it. Depending how Iron wood organizes their funds they probably could start drilling in May or june depending when they get their reports and if we get the roads opened up for the drills. I hope it goes well for all. take care elkomike
This dog could be trading as high as $4 dollars within 1 year and possibly as high as $40 dollars in 3 to 5 years. Remember Gold prices are expected to surge drastically as currency gets devalued :) * Hint take a look at some companies trading back in the 1970's some of their stocks went from pennies to hundreds of dollars during the crisis back then :)
Any idea when irog mine area spring thaw takes place and is that when men start working area mines, maybe then some news,
Long term holder and know zip about gold mines.
just a sea scanvenger.
IROG more Volume after 10Q filing yesterday http://biz.yahoo.com/e/120123/irog.ob10-q.html
we may see a good move from here
You may be right about next november. Behzad Shayanfar waits til the very last moment to do anything. He promised us reports back on dec 13 2011 and we never got them. Went into the mine site last thursday saw 50 head of deer and 5 bull elk. Also retreived 4 more buckets of samples to assay. We get our new smaller kiln next week to start assaying our material so we don't have to send it out. The Crusher is running but we still need to get the impact mill up to go into testing production. I figure if we get the reports back an drill this stock has potential, but only if we drill so that we can prove the gold is a depth. I personally could care less about this stock., no disrespect to you investors. I would like to see the project moving forward because it produces jobs for people. If they get the money to drill that is alot of trickle down econmics for the people. And if the large discovery is made could equal 300-400 full time jobs for 15-20 years. That would help our country. By the way if anyone cares to know I am not a geologist or miner. I am a pharmacist who has learned how to map, claim, and file. To aquire this nice piece of mineral realestate. we have had several geolgist in that say we have the right stuff. I am just enjoying learning that any american can file for mineral rights. Personally Ironwood in my opinion does not know to much about gold mining. But the did get lucky and hooked up with the falcon claim group that I believe has a property with million ounce potential. So you decide if you want to buy or sell. My enjoyment with this site is to tell you what I see going on up at the site and the truth is there is gold and silver there from the south skippy claims to 2 miles north to the Trafalgar claim. Have a nice evening all. wish I knew when the reports were coming out. elkomike
and six months later.......?
r/s 1>20, pps 0.10, no volume.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=67715366
Owned shares since last March, seems like we will have to wait till next November for any news.
Looks like someone did that to grab cheapies to buy cheaper imo. Someone knows something? January is almost here so I would assume news could be on the way.....
Can anyone explain end of trading day irog can be trading at ASK price, and then last few minutes trading 150/200 shares sold a BID price maybe $20 $25 worth, reasons/who?
Yeah! Still cant believe the RS - but there is no denying that with good news peeps will go apechit on the boards screaming: 6 mil OSSSSSS!!!! 5 mil floooooat!! haha!
....then to think even if they come out with a report that says they have waaaay less then their hoped for 1 to 5 million ounces of AU - say only 100,000: that still would be around $150 million valuation....making the pps ??? $30 bucks based on OS? $6 based on AS?
Wow! .....
If (when) we get good news, with such a small float, this stock could go PARABOLIC!
Strong close today guys! January 2012 is just weeks away. Better get in or risk getting "LEFT BEHIND" imo.Remember Analysts forecast Gold to exceeed all expectations in 2012 and beyond. The company is also expected to release the results of the Falcon Exploration any day now. Would not be surprised to see LE*G type move from .10 to over $10 per share with IROG. Good luck to all.
Sounds good elcomike, like a longshot at a race-course,
thanks
a couple of weeks to get the reports back. I just got some preliminary assays back I turned in. There were a few good ones 0.038 oz/t, 0.016oz/t, 0.018 oz/t Au. This was at the surface of a new vein I found and sampled. I am still waiting for the silver results. I did a calclated estimate off of these and previous samples. I took one mile long by 50 yards wide by 100 yards deep, figured 2 tons per cubic yard....= rough estimate of 350,000 of gold at 0.02 oz/t... won't know for sure until someone drills the property. Take care elkomike
elcomike, any idea when news might be comming out.
Thanks elkomike. I appreciate your response.
GOOD LUCK!
snowden did the research. I would think ironwood will becoming out with the results of the report soon. one of the latest assays I have seen ran 1284 parts per billion Au. that is minable gold. Got an old assay certificate dated 02/27/1963 that assayed 6395.1 oz per ton of silver. At todays prices that would be $180,000.00 per ton. If you put in the research as I have and comepair it to its neigbors, the holister mine, the kensnyder mine, queenstake mine, and miekle mine all of these mines are 10 million ounces plus of gold. That would mean the falcon property has the potential to we worth over 17 billion dollars. and the last ten assays carried gold and silver values. It is amazing what you can find on the internet. I just recomend you all read their sec filling of the contract with the falcon group and make your own decisions from there, sincerly elkomike
I bought more, 2000 shs today @.11 couldn't resist, still think its a buy,
long term holder, well we'll see...
Looks like the POS is open and trading.
Anyone know offical opening for stock trading, I was told Monday?I see some trading today I don't think officaly open since RS.
Looks like by the time the restricted shares can be traded,everyone will either sell at a drastic loss or become stuck holders where you just hold on to the crap until it becomes worthless.It was sure nice the way they worked things out where only a certain few could have broke even letting them trade their shares a few days back.
No vote by the stock holders if they wanted a reverse split and they hide the news under the wrong tab on their website that the board approved a RS.No PR's,news releases just all stealthy BS.
What will the ask and bid be when us commoners after 20 days get the suspension lifted where the new 1 for 20 shares are placed in our brokerage accounts?There will probably be a flood of sell orders bringing the bid down below 20 cents?So isn't the whole market maker thing here pretty darn strange where the volume is 16k a day and the ask is over 50 cents and the bid is around 30 cents?How many common stock owners would love to get 30 cents a share if they had their shares in their accounts right now?
IROGD according to my info. Traded 1500@.249
GX at end of symbol now,,,Vancouver exchange listed now?
That's what GX means isn't it?
No,as far as e-mails go,I did get a fresh one yesterday all be it that much are all of the news in it was recycled from the last e-mail.
I just found the email in my spam folder. That has no new information. The news story is from Sept 1st. Take another look at it.
I didn't get an email at all and haven't seen any news since the news from the 28th. Five cents is just the bid price it wont open for that.
I get quotes as saying it will open trading again at .05 and no inside .Anyone else have that?Anyone get the news story e-mail about the Carlin project commencing?Not sure what the correlation affect will be with the opening of trading again with the news story?
its on their web site in the investo relations under sec fillings. Just hang tight till the end november good things mite still happen,
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Ironwood Gold
Share Sturcture
as of November 30th, 2011:
Authorized Shares:25,000,000 million
Outstanding Shares: 6,199,960 million
Please see Pages 9 and 10 of the January 23, 2012 10 Q:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8347405
USA Office
7047 East Greenway Parkway,
Suite 250,Scottsdale, AZ, 85254
Email: info@ironwoodgold.com
Investor Relations
Red Oak Communications, Inc.
Tel: 1-888-356-4942
investors@ironwoodgold.com
Auditor
Madsen Brothers & Associates
684 E. Vine St., Suite 3
Salt Lake City, UT 84107-5540
Transfer Agent
Holiday Stock Transfer
2939 N 67th Place, Ste C
Scottsdale, AZ, 85251
Legal Councel
Greenberg Traurig, LLP
1201 K Street, Suite 1100
Sacramento, CA, 95814-3938
Where Ironwood is about to drill 2012:
Falcon Mine Property
...from the January 23rd, 2012 10 Q, Pages 6 and 7:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8347405
Mineral Properties
Falcon Mine Property
On 2 February 2011, the Company entered into an acquisition agreement (the "Falcon Agreement") for an interest in the prospective gold-silver project known as the Falcon Mine Property with the signing of a 2-year lease agreement which included a 50% earn-in Joint Venture agreement option. The property consists of 6 patented claims and 60-100 newly staked claims that join the patented claims on which the mine is situated.
The Falcon Agreement calls for cash payments of $225,000 by 1 September 2012, issuance of 75,000 shares of common stock by 28 January 2011, issuance of another 75,000 shares of common stock by 30 November 2011, and a minimum of 8 drill holes by 30 November 2012 with 4 holes completed by 30 November 2011. As of 30 November 2011, the Company had paid $75,000, and had issued the initial 75,000 shares of its common stock.
The Significance of being in and surrounded by
the Carlin Trend Gold Belt:
Located in Nevada's Carlin Trend - 2nd richest gold district in the world:
Explanation of the Carlin Unconformity by Wikipedia:
http://en.wikipedia.org/wiki/Carlin_Trend
The Carlin Unconformity or Carlin Trend is a geologic feature in northeastern Nevada which represents a period of erosion or non-deposition likely associated with a collision between a tectonic crustal block called a terrane and the North American Plate. The collision occurred during the Mississippian Period, about 350 million years B.P. The collision is associated with the Antler Orogeny.
The collision induced higher crustal temperatures and pressures which produced numerous hot springs along the suture zone. Several episodes of subsurface magmatism are known to have occurred subsequent to the collision, associated with tectonic forces affecting the entire Basin and Range. During each of these episodes, and particularly during the Eocene epoch, hot springs brought dissolved minerals toward the surface, precipitating them out along fissures. Among these minerals were gold and silver.
The Carlin Gold trend is one of the world's richest gold mining districts. It is a belt of gold deposits, primarily in Paleozoic limy sediments, that is about 5 miles wide and 40 miles long, extending in a north-northwest direction through the town of Carlin, Nevada. Gold was first discovered in the area in the 1870s, but there was very little production until 1909, and only about 22,000 ounces was produced through 1964. By 2008, mines in the Carlin Trend had produced over 70 million ounces of gold, worth around US$85 billion at 2010 prices.
NOTE: It is important to realize that Ironwood's Falcon Mine claims are both 'in-line' with the above mentioned "north-northwest direction" gold deposits from other gold companies (some of largest in the world), and also surounded by these deposits on all sides. See this first Map provided by Wikipedia, then compare it to the next four Maps that Ironwood provides on their webpage. This is of course no guarantee, but of all the regions in the world, in North America, in the United States, lol and even in Nevada - areas like where Ironwood has its claims are where you want to be in as a gold exploration company...:
...more from Ironwood's webpage now about the Carlin Trend and why they are there looking for GOLD:
http://www.ironwoodgold.com/projects/redwood.aspx
"Nevada now produces 82% of all new gold in America. At the heart of the gold productive region in the State is a 2 mile wide by 20 mile long geographic anomaly bisecting north central Nevada laterally as it migrates south-east and is known as the "Carlin Trend." This deposit is home to some of the largest mining companies in the world with over 50 million ounces of gold mined to-date and with an estimated potential to produce 200 million ounces -- more gold than all of California ever produced and production has grown exponentially to where it is today -- the second richest gold district in the world, second only to Witwatersrand, South Africa. This is where Ironwood Gold Corp. has commenced staking new mineral claims, an area generally acknowledged as one of the most prolific gold mineralized regions in the world.
The potential of this strategically situated property can be put into context by realizing that many major companies have worked in the Carlin Trend (Texas Gulf, Homestake, Barrick, Goldfields, Placer Dome and Newmont) (see map) and all have found extensive gold deposits with alteration and major structures similar to that found in the Falcon / Redwood claims. Similarly, initial rock sampling over the claims found numerous rock chip surface samples with anomalous gold concentration.
The Falcon Mine and Redwood Claims properties (Falcon / Redwood) are located in the northern part of the Carlin Trend and indicates similar geology and deep seated structures found in the mineralized zones within the more southern part of the trend. Newmont, Barrick and other companies have located and are mining gold deposits that have at least 1-5 million ounces of gold and some, like the Goldstrike mine (Barrick), had 17million ounces of gold reserves in 2005. Newmont has reserves of over 33 million ounces and is the largest land owner in the trend.
Over 50 million ounces of gold has been mined already and it is estimated that the trend has the potential to produce 200 million ounces. Falcon / Redwood with its geographical, geological and structural setting and indications of gold has the capability to host a similar 1 - 5 million ounce deposit with the potential of greater than 5 million ounces. This is exemplified by the Jerritt Canyon gold deposit (10-25 million ounces) owned by Yukon Nevada Gold due east of the Falcon / Redwood property and the Anglo Gold Property (2-5 million ounces) located just to the north of Jerritt Canyon.
Carlin type gold deposits are among the most important being mined at present anywhere in the world. Total production from the Carlin Trend, since the original mine began operation in 1964, has now exceeded 50 million troy ounces and there appears to be no end in sight. Many of the gold deposits found in the Carlin Trend fall in the range of 1 to 5 million ounces of gold and several exceed 10 million ounces of gold. Newmont has reserves of 33.3 million ounces. Barrick Gold Corp, as of 2005, had gold reserves of over 17 million ounces at their Goldstrike Mine alone. Clearly, these deposits are worthwhile and attractive targets.
Mr. Behzad Shayanfar | CEO
He began as a civil engineer overseeing major construction projects in Iran. Was a team member tasked with the network strategy design for a multimillion-dollar oil exploration project in southern Iran. Became a lead project manager assisting in design and build of the national broadcasting center. He earned a second degree from the London School of Economics and became a highly successful commodities futures trader. He moved into private investor/developer real estate opportunities in Dubai, India, the U.K. and the U.S. then determined to apply his business and financial acumen to the resource sector.
New this year - February, 2012:
Snowden Preliminary Assesment of the
Falcon Mine Property:
"Results from the surface mapping, sampling and geophysical program indicate a number of signifcant mineralisation targets that warrant a follow up exploration drilling program. The exploration work completed to-date suggests that the Falcon mine property may contain 3 types of economic mineralization and Snowden strongly recommends that the proposed models be tested with a next phase of exploration drilling. The proposed 18 hole, 6,000 m drill program has an estimated cost of $4.2 million..."
http://www.ironwoodgold.com/projects/images-redwood/pdf/Snowden-Final-Report.pdf
...and here's the Press Release on the release of the Snowden Report by Ironwood...notice that it says that work will begin once the weather permits...and soon it will be Spring:
"Ironwood Gold Corp. (OTCBB: IROG) ("Ironwood" or the "Company") wishes to advise of plans to proceed with an 18-hole, 6000 meter drilling program after receiving a favorable assessment from Snowden Mining Industry Consultants Inc. ("Snowden"). The Company is pleased to announce that Snowden successfully completed its 2011 fieldwork and geophysical surveys enabling the completion and delivery of an in-depth Preliminary Assessment on the company's Falcon Mine gold prospect.
Based on the results from surface mapping, sampling and a geophysical program, Snowden has identified a number of significant mineralization targets that are recommended as warranting a follow up exploration drilling program. Snowden strongly recommends that the proposed models be tested with a next phase of exploration drilling. The exploration work completed to-date suggests that the Falcon mine property has potential to host three types of economic mineralization. These are:
1. Shallow volcanic hosted, low sulphidation, low grade mineralization (open pit).
2. Deeper, volcanic hosted, Midas-type, low sulphidation high grade mineralization (underground).
3. Deeper, sediment hosted, Meikle-type high grade mineralization (underground).
Murray Lytle, P.Eng Divisional Manager of Snowden Mining Industry Consultants, stated, "Snowden commenced the Falcon mine exploration project to find indicators for Carlin-type mineralization. The geophysical and sampling efforts undertaken have resulted in very strong, coincident anomalies (geophysics, soil analysis and rock chip sampling), which support models for three different mineralization styles including potential for sediment-hosted gold mineralization. The highly anomalous soil sampling grades were particularly encouraging. Snowden has identified 18 drill-hole targets and strongly recommend a next phase of exploration to test the subsurface mineralization of the coincident anomalies and is optimistic about the potential for exploration success."
Ironwood is in the process of appointing a drilling contractor in conjunction with Snowden as consultants. We plan to commence drilling once favorable weather conditions persist.
Ironwood's CEO, Bezhad Shayanfar, states, "We are delighted with the results from our efforts on the ground. Furthermore we are actively engaging a number of resource-focused potential investors with the view to fund both the current exploration program at the Falcon Mine and potential future acquisitions."
The Falcon Mine property is located in an area bordered by claims held by major global mining operators at the northern end of the Carlin Trend gold belt, the most prolific gold producing area in the USA and the 2nd most productive gold region in the world. A copy of the report and a detailed description of the property is available here: http://www.ironwoodgold.com/projects/redwood.aspx.
Additional details regarding the Company and its agreements are filed as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database. For more information visit: www.ironwoodgold.com.
http://ih.advfn.com/p.php?pid=nmona&article=51291149
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