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Drilling Commenced at Kodiak's Caribou Nickel Prospect
Kodiak Exploration Ltd. reports that Phase II drilling is now underway at Kodiak's 100% controlled Caribou Lake nickel-copper-cobalt-PGE prospect located 90 kilometres southeast of Yellowknife, Northwest Territories. The drilling will test the economic potential for nickel, copper and cobalt sulphides along the base of the intrusion, where high-resolution geophysical imaging has identified a number of structural traps, any one of which is large enough to host a significant nickel ore body.
Many of the Phase II targets lie beneath areas where abundant nickel, copper and cobalt sulphides were intersected in shallow Phase I drill holes, and where analysis of geophysical data has indicated numerous EM conductors.
The present drill program will test multiple targets generated through compilation and analysis of geological, geochemical and geophysical data by Kodiak's geological and geophysical team. This Phase II drill program is being conducted under the direct supervision of independent nickel specialist Dr. Walter Peredery, P. Geo. Kodiak looks forward to the results with great optimism.
Further information, including maps, drill sections and photographs, is available on Kodiak's Web site at www.kodiakexp.com
The information contained in this document has been reviewed and approved by Dr. Walter Peredery, P. Geo., and Trevor Bremner, P. Geo., who are qualified persons for the Caribou Lake project under the definitions established by National Instrument 43-101. Dr. Peredery and Mr. Bremner are independent consultants to Kodiak.
Kodiak Mobilizes Drill to Test Nickel Targets at Caribou
Kodiak Exploration Limited announces mobilization of its Phase II diamond drilling program at Caribou Lake, Northwest Territories. The drilling is planned to test the economic potential of this nickeliferous layered intrusion at depth, along the nine-kilometre nickel-copper-cobalt trend that was established by Kodiak's shallow Phase I drilling in 2006.
The Phase I drill program demonstrated that the upper part of the Caribou Lake layered mafic intrusion contains significant amounts of nickel sulphides, which were intersected in 33 of 50 holes over widths up to 69.71 metres. Kodiak's second phase of drilling is planned to test the base of the intrusion where economic concentrations of nickel, copper and cobalt sulphides and platinum group elements are believed most likely to have pooled.
Kodiak plans to commence its deep drill program by testing several priority targets along the base of the intrusion. Those targets have been identified using three-dimensional magnetic images which indicate the most likely locations of structural "traps" for concentrations of mineralized materials. Many of the targets identified for Phase II deep drilling lie below areas with abundant nickel, copper and cobalt sulphides on surface, and coincide with clusters of EM responses identified by Kodiak's geophysicists. Individual targets range from 200 to 500 metres long and from 200 to 700 metres wide. Each of these targets is large enough to host a significant ore body.
Recent microprobe analyses by Dr. Walter Peredery, P. Geo. have shown that olivine grains from the marginal gabbro, and from magnetite peridotite and pyroxenite of the Middle Layered Series, are strongly depleted in nickel. These results indicate that the system of nickel extraction from olivine into sulphides at Caribou Lake has been very efficient, and compares favourably with nickel depletion seen in olivines from Norils'k and Voisey's Bay. Pentlandite granules identified in many core samples from the iron-rich marginal and upper parts of the intrusion confirm that extraction of nickel into the sulphide fraction has taken place.
The microprobe analyses also show that the nickel content of olivine increases with magnesium concentration, which increases downward in the system. Platinum group elements have also been shown to increase downward, with the highest values to date obtained from peridotite of the Lower Layered Series. The highest concentrations of magnesium-rich olivine, nickel and platinum group elements are expected to occur at the base of the intrusion, where significant concentrations of nickel sulphides are considered likely to have pooled in structurally low areas due to gravitational settling. It is these structural traps which are the targets of Kodiak's Phase II drill program.
The information contained in this document has been reviewed and approved by Dr. Walter Peredery, P. Geo., and Trevor Bremner, P. Geo., who are qualified persons for the Caribou Lake project under the definitions established by National Instrument 43-101. Dr. Peredery and Mr. Bremner are independent consultants to Kodiak.
Further information, including maps, drill sections and photographs, is available on Kodiak's Web site at http://www.kodiakexp.com
Tahera Diamond agrees to sell 16% stake to Teck Cominco for $30M
Wed Nov 15, 3:37 PM
By Craig Wong
VANCOUVER (CP) - Teck Cominco Ltd. (TCK-B.TO) agreed to invest at least $30 million in Tahera Diamond Corp. (TAH.TO) for a 16 per cent stake in the diamond miner, which has had troubles at its Jericho diamond mine in Nunavut.
The deal gives Tahera a much needed infusion of cash as well as mining and other technical advice and assistance on the Jericho project under a technical support agreement with Teck Cominco.
Shares in the company gained 16 cents to trade for $1.17 on the Toronto Stock Exchange after the news was announced.
Under the agreement, Teck Cominco will buy 30 million units of Tahera at a price of $1 per unit. The units will include 30 million shares and 22.1 million share-purchase warrants. If all the warrants issued are exercised, Teck would increase its stake to 24.9 per cent.
"We believe that there are numerous benefits to this strategic alliance with Teck Cominco and it is further fulfilment of Tahera's strategy to be associated with leading industry partners," said Peter Gillin, Tahera's chief executive.
The agreement will give Teck Cominco the right to nominate a director to the board so long as Teck Cominco maintains at least a 10 per cent stake in the company.
Teck Cominco also has the right to maintain its percentage interest in Tahera, so long as the Vancouver-based miner maintains at least a 10 per cent holding in the company.
"Our investment in Tahera is consistent with our goal of further diversifying our portfolio especially into non-exchange traded commodities," said Teck Cominco chief executive Don Lindsay.
"As we continue to actively explore for diamonds, we view this alliance with Tahera and its existing partners as an attractive opportunity to expand our knowledge of all phases of the diamond business from mining through marketing, while helping to add value to the Jericho project."
The Jericho diamond mine was Canada's third diamond mine and the first in Nunavut.
Tahera shares plunged earlier this year after the company raised concerns about its cash flow and warned it expected to produce fewer diamonds than originally planned, due to lower-grade kimberlite rock and slow processing rates.
The company said at the time that it was in talks with Tiffany & Co., one of the company's lenders, about deferring a scheduled loan repayment.
Tahera said Wednesday that, with the Teck Cominco investment, Tiffany & Co. has agreed to defer scheduled repayments until Sept. 30, 2007, in consideration for the marketing rights for any production from the Muskox kimberlite which Tahera would be entitled to under its agreement with De Beers Canada Inc.
Teck Cominco had said it is looking for investments after failing in its hostile bid for Inco. With more than $3 billion in cash, the Vancouver-based company said it had a shopping list of 13 possible projects it was considering.
Shares in Teck Cominco were up $1.70 at $80.65 in trading on the Toronto Stock Exchange.
Uranium Drill Intersections at Baker Basin
Pacific Ridge Exploration Ltd. ("Pacific Ridge"), Baker Basin Uranium Project operator by way of option/joint venture agreement with Kaminak Gold Corporation ("Kaminak"), has received uranium assays for the first four holes of the 2006 drilling program with intersections reported to 0.56% U3O8 over 5.5 metres.
The first four angle holes were drilled into the KZ zone to intersect uranium mineralization hosted in a vertically-dipping northerly trending structure within the Kazan sandstones in-filling the Baker Basin.
Assay results of the KZ Zone drill holes are tabled below:
DRILL HOLE ASSAYS - KZ ZONE
HOLE SECTION INTERVAL
(m) INTERCEPT
(m) ASSAY
(% U3O8) ASSAY
(lbs/t U3O8)
KZ 06-01 9065 N 36.0-41.8 5.8 0.27 5.4
KZ 06-02 9065 N 79.5-91.0 11.5 0.31 6.2
Includes 85.5-91.0 5.5 0.56 11.2
95.5-97.5 2.0 0.23 4.6
KZ 06-03 2750 E No significant intersections, drilled away from target
KZ 06-04 9055 N 123.0-128.2 5.2 0.40 8.0
Includes 123.0-125.0 2.0 0.90 18.0
Drill holes KZ 06-01, KZ 06-02 and KZ 06-04 were collared to the east of the vertical structure hosting uranium mineralization to intersect the zone at approximately 50 metre intervals progressing to depth. All three holes intersected the well-mineralized structure with intersections of improved uranium grades with depth. The above intercepts are down-hole intervals and so far there is insufficient data to determine a true width of the mineralized zone. The uranium mineralization is associated with silicified and hematite altered sandstone within and adjacent to a structurally controlled dyking system.
The KZ zone has been traced over 1 kilometre in length by a radiometric survey. Historic drilling of vertical holes along approximately 350 metres of the 1 kilometre target zone saw several holes with uranium values of 0.84% U3O8 over 5.4 metres at depths less than 100 metres. The Pacific Ridge drilling program has been a first attempt to test mineralized extensions to depth.
Drill hole KZ 06-03, drilled away from and parallel to the structure, did not intersect any significant mineralization within the sandstone host.
Pacific Ridge is of the opinion that the structures within the basin sandstone such as at the KZ zone are structural corridors holding potential for hosting unconformity style uranium mineralization to depth at the basin floor.
The KZ zone is one of three zones within the Baker Basin Uranium Project that has seen drill testing during the period August 30th to date.
Drill holes reported above constitute the initial four holes of the 2006 fourteen-hole program completed this fall. Additional drill hole results from the Baker Basin Uranium Project will be reported when received.
All drill core is split at the project site and forwarded in secured containers to Activation Laboratories in Ancaster, Ontario for uranium analysis. Pacific Ridge employs a QC/QA program that includes random insertion of internal duplicates and blanks into the sample stream as well as check assays by an external laboratory.
Wayne J. Roberts, P.Geo, Vice-President, Exploration for Pacific Ridge, a Qualified Person, has reviewed the technical information presented within this news release.
The Agreement
Under the terms of the option agreement, Pacific Ridge has the right to earn an initial 51% interest by December 31, 2008 by making exploration expenditures totaling $2.0 million and staged payments totaling 400,000 Units, with each Unit consisting of one common share and one 12-month share purchase warrant with an exercise price set in accordance with market at the time of issuance of the Unit. Pacific Ridge will have the right to increase its interest to 60% by spending an additional $1.0 million prior to December 31, 2010. Thereafter, Pacific Ridge and Kaminak Gold Corporation will form a joint venture in accordance with their interests then held. Underlying interests are held by Hunter Exploration Group as to a 2% Net Smelter Return interest, and by Shear Minerals Ltd./Stornoway Diamond Corporation who collectively hold an 8.5% Net Profits Interest. The option agreement with Pacific Ridge pertains to all commodities other than diamonds.
"John S. Brock"
John S. Brock
President
For further information, contact Blaine Monaghan, Manager, Investor Relations at 604-687-4951 or toll free 1-800-403-2988, or email ir@badgerandco.com
Kodiak Exploration Limited (the "Company")(KXL.V) is pleased to report completion of its Phase 1 exploration program at Caribou Lake, NT. By using a combination of geophysics, exploratory stratigraphic drilling and surface exploration, and in conjunction with a team of internationally recognized nickel specialists including Dr. Walter Peredery, Kodiak has identified at least twelve large structural traps, any one of which could host a significant sulphide ore body. With a 5-year exploration permit from the government now in place, these deeper targets are planned to be tested for their economic potential during the next phase of drilling.
Massive, semi-massive and net-textured primary nickel-copper sulphides encountered during the first phase of exploration demonstrate that the Caribou Lake intrusion was saturated with copper, nickel and cobalt when it formed. Surface mapping and stratigraphic drilling, which permitted mapping of the upper portion of the intrusion, has shown that the central part of the Caribou Lake mafic intrusion consists of coarse and very coarse-grained, layered mafic and ultramafic rocks (peridotite and pyroxenite) with crystals up to 3 centimetres in size, and patchy to disseminated primary sulphides, mostly pyrrhotite and chalcopyrite. The presence of these very large crystals indicates the intrusion cooled slowly in a favourable chemical environment, which would allow metal sulphides to settle out and concentrate in structural traps along the base of the intrusion when it was forming. Historically, economic concentrations of nickel and copper sulphide have been discovered by identifying and drilling these structural traps along the base of a mafic or ultramafic intrusion.
Initial analysis of detailed three-dimensional magnetic images has identified twelve geologically significant structural traps along the base of the Caribou Lake intrusion where massive nickel, copper and cobalt sulphides should have concentrated. These targets are located along 25 kilometres of geophysically indicated troughs which follow the base of the intrusion. Individual targets range from 200 to 500 metres long in their north-south dimension and from 260 to 550 metres wide in their east-west dimension. The bases of eight of the 12 targets are interpreted to lie at depths ranging from 330 to 530 metres below surface. The targets have a cumulative length of 4.5 kilometres north-south and a width of 3.6 kilometres east-west.
Several drillholes (see attached map) in which primary massive, semi-massive and net-textured nickel-copper sulphides were intersected correspond closely to EM anomalies identified earlier this year.
A massive sulphide intersection in the first hole (CL-06-01) assayed 1.02% Ni, 1.375% Cu and 0.13% Co over 0.78 metres, within a larger 3.18 metre interval grading 0.53% Ni, 0.7% Cu and 0.07% Co, indicating the intrusion was saturated in nickel, copper, and cobalt when it formed. Holes 4, 6, 8, 17 and 21 are underlain by a strong VTEM anomaly which is believed to be associated with the structural trap identified as Target 1. Many other EM anomalies remain to be tested by the phase II drilling as the recently completed shallow drilling achieved a vertical depth of only 170 metres. All of the newly modeled structural traps are deeper than 170 metres.
Five other drillholes (3, 5, 7, 15 and 16) in the area of VTEM anomaly 1 also returned significant mineralized intersections at shallow depths, including hole 16 which intersected 6.6 metres of semi-massive sulphide grading 0.38% Ni, 0.56% Cu and 0.047% Co within a 53.2 metre intersection of disseminated, nettextured and massive sulphide mineralization from 34.5 to 87.7 metres downhole.
Holes 2 and 23 in the Anomaly 1 area, Holes 9 and 10 in the Anomaly 3 area, Hole 13 in the Anomaly 7 area and Hole 26 in the Anomaly 12 area did not intersect the VTEM conductors associated with these anomalies. However, all these holes cut minor amounts of disseminated nickel-copper sulphides. Also, a broad section of coarse-grained gabbro, peridotite and pyroxenite was logged in Hole 12. Assays are pending on holes 27-31 and 33-50. Coarse-grained sulphides and broad intervals of coarse-grained gabbro, peridotite and pyroxenite were observed in some of these later drillholes. With 20 holes remaining to be split, logged and/or assayed, compilation and interpretation of data is ongoing and will be focused on generating further drill targets. This information will be released as it becomes available.
Kaminak, Newmont end Matrix option agreement
2006-08-25 08:57 ET - News Release
Dr. Rob Carpenter reports
KAMINAK GOLD CORPORATION: NEWMONT TERMINATES MATRIX OPTION
Kaminak Gold Corp. has received notice from Newmont Canada Ltd. terminating the option agreement on Kaminak's 100-per-cent-owned Matrix gold project.
Newmont spent approximately $2.2-million (U.S.) on the property since 2004 and had planned a 1,200-metre drill program on the property in July of 2006. However, logistical problems prevented the drill program from being completed, resulting in priority targets remaining untested.
Newmont did complete geological mapping and prospecting during the 2006 season, uncovering new surface gold showings yielding assays up to 10.56 grams per tonne Au. In July, 2006, Newmont also staked an additional 30,000 acres, in order to cover gold-bearing conglomerates in the nearby Montgomery Lake group.
"We thank Newmont for their participation in exploration of the Matrix project," stated Rob Carpenter, president and chief executive officer of Kaminak. "Newmont's work over the last three years has advanced this project from the conceptual stage and has led to the generation of numerous targets across the property. All of the excellent data generated to date can be used to formulate exploration programs going forward, as we believe the geological potential at Matrix remains very high."
The Matrix project represents a unique geological analogue to the prolific goldfields of the Wittwatersrand basin of South Africa. Similarities between Matrix and other paleoplacer districts include:
highly anomalous nature of the host quartz pebble conglomerate horizons;
continuity of major lithologic units across the property;
gold values correlated with conglomerates located at pronounced breaks within the section; and
broad association of gold with cobalt, nickel and arsenic, like other paleoplacer districts
Newmont will provide Kaminak with a final report on the property, as well as file appropriate work reports required to keep all claims and prospecting permits in good standing.
Kaminak's disclosure of a technical or scientific nature is prepared under the supervision of Dr. Rob Carpenter, PhD, PGeo, Kaminak's president and chief executive officer, who serves as the qualified person under the definition of National Instrument 43-101.
MNG ( Miramar ) big Nunavut miner.
NWTMF: Northwestern completes acquisition of two uranium properties in Niger, West Africa
Wednesday March 8, 5:30 pm ET
TORONTO, March 8 /PRNewswire-FirstCall/ - Northwestern Mineral Ventures Inc. (TSX-V: NWT - News; OTCBB: NWTMF - News) is pleased to announce that it has completed the acquisition of two highly prospective uranium properties in the democratic west African country of Niger, one of the world's leading uranium producers. The concessions total 4,000 square kilometers (988,000 acres) and were selected for their favorable geology, exploration potential and strategic location - within the same stratigraphy to two operating uranium mines that together provide almost 10% of worldwide production.
ADVERTISEMENT
"We are very pleased to be one of the first North American companies to acquire exploration permits in Niger - a country that has not been explored using modern techniques and has, until now, been one of the world's best-kept uranium secrets," said Kabir Ahmed, Chairman and CEO of Northwestern. "This acquisition takes Northwestern and its uranium portfolio to the next level, enabling us to focus our extensive expertise and exploration capabilities in one of the world's most prospective and unexplored uranium districts."
The properties, named Irhazer and In Gall, were previously covered by an airborne magnetic/radiometric survey in the mid-1970s that was funded by International Research S.A. Several north-east trending faults cross both exploration permits, which are favorable to the concentration of uranium mineralization.
Niger is one of the world's most important sources of uranium. The country ranks fourth for production globally and has cumulative output to date of approximately 100,000 metric tonnes uranium (U). Niger offers great potential for new discoveries given its favorable geology and the availability of modern, remote-sensing and geological modeling technology that has not been rigorously applied in that country.
Under the terms of the agreement with the government of Niger, Northwestern is the holder of Prospecting Permits for two properties - Irhazer and In Gall. Each property consists of 2,000 square kilometers (494,000 acres) of mineral rights. The permits are valid for three years and confer the right to any minerals obtained during exploration and test work. It also grants the right to a Mining Permit if a viable reserve is discovered. Northwestern has the right to renew the Prospecting Permit for two additional three-year terms, for a total of nine years, with the company renewing the most prospective areas on each occasion. Northwestern announced its application for these concessions in a press release dated June 2, 2005.
Exploration in Niger is under the supervision of Claude Jobin, P.Eng., M.Sc., a "qualified person" as defined by National Instrument 43-101. Mr. Jobin is responsible for the preparation of technical information in this news release.
ABOUT NORTHWESTERN:
Northwestern Mineral Ventures (www.northwestmineral.com) is an emerging international exploration company with an experienced management team. The company is focused on properties with potential uranium and silver-gold targets and currently has interests in Niger, the United States, Canada and Mexico. Northwestern is listed on the NASD Bulletin Board under the symbol "NWTMF" and the TSX Venture Exchange under the symbol "NWT."
=======================================================
For recent oil and gas news bookmark and visit us at The Oil and Gas Pipeline on IHub:
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I did, in at 0.65, but out at 0.92 and 1.15. Oh well. I'm a little lighter than I should be on zinc and copper, playing GPR, RCT, FR and MR for silver/gold. Had ADA but sold that today and picked up some more Denison. Have some thinking to do this weekend, I might just double up on Denison next week.
I hope you bought some of this last year !
here is Grabbo image from the VTEM survey:
http://img6.imageshack.us/my.php?image=caribou1of126na.jpg
Remember this is one of twelve.
Kodiak VTEM Survey Indicates 3.3 Kilometres of Massive Sulphide Bodies at Caribou Lake Copper-Nickel-PGE Prospect: Drilling to Commence
VANCOUVER, Jan. 20 /CNW/ - Kodiak Exploration Limited (TSX.V: KXL) is
very pleased to provide an update of results from the VTEM airborne
geophysical survey currently being flown over its copper-nickel-PGE prospect
near Caribou Lake, 90 kilometres southeast of Yellowknife, Northwest
Territories.
The VTEM survey, which is just over 50% complete, has already identified
12 large EM conductors indicating the presence of massive sulphide bodies with
a collective strike length of 3.3 kilometers contained within a copper nickel
mineralized horizon striking for over 9 kilometers in the Caribou Lake Gabbro.
These bodies average 300 metres in length. Kodiak's independent geologists are
confident that these conductors indicate copper-nickel-bearing sulphide bodies
since there is no evidence of pyrite or graphite in the intrusion. These
bodies represent high priority drill targets for Kodiak's winter drill
program, which is scheduled to mobilize on January 25th. Bill Chornobay,
President of Kodiak Exploration Limited, said, "We are very pleased with
results to date. The Caribou Lake prospect has many of the early indicators of
a new world class discovery."
Nickel-copper sulphides identified on surface, with grades of up to 19.7%
copper and 38% nickel, are closely associated with the EM anomalies and lie
within a mineralized layer in the gabbro containing magmatic net-textured and
semi-massive copper-nickel sulphides. That mineralized layer is exposed across
an outcrop width of 266 metres from which grab samples of up to 0.97% copper,
0.62% nickel, 198 ppb platinum and 94 ppb palladium have been obtained. It has
been traced for more than 9 kilometres on surface and remains open to the
northeast. It is a minimum of 70 m thick and remains open at depth.
In the southern part of the gabbro, between Great Slave Lake and Caribou
Lake, the VTEM survey has detected six large EM anomalies over a strike length
of 4 kilometres. Flight line spacing of 60 metres has been achieved over this
area, resulting in higher resolution of previously reported EM anomalies (news
Release December 12, 2005). Cross-cutting high grade niccolite infill
fractures, which returned assays of up to 38% nickel, are closely associated
with two of the EM conductors.
The VTEM survey has also detected a series of five large EM anomalies
indicating the presence of massive sulphides three kilometers along strike to
the northeast of the southern trend described above. These are associated with
a zone of gabbro containing anomalous nickel, copper, platinum and palladium
values, including a grab sample that assayed 19.7% copper.
Kodiak's prospectors discovered seven mineralized showings last year by
blast pitting along strike. Grab samples taken from those pits returned values
up to 19.7% copper, 0.62% nickel, 0.07% cobalt, 266 ppb gold, 198 ppb platinum
and 94 ppb palladium in the gabbro layer. Niccolite veins cross-cutting the
mineralized layer produced grab samples containing up to 38% nickel and up to
3.8% cobalt. One pit blasted in the southern zone near the base of the
mineralized layer exposed semi-massive sulphides, but did not reach the base
of the sulphide layer, which remains open at depth. Grab samples from this pit
returned values of up to 0.97% copper and 0.62% nickel. The location of this
discovery coincides with the first anomaly, a large, thick EM anomaly
measuring 410 metres long that will support several high priority drill
targets. A niccolite infill fracture that assayed 23% nickel is associated
with this anomaly.
Kodiak is extremely encouraged that the results received to date have
provided multiple high priority drill targets and looks forward to the results
of the remainder of the survey and the upcoming drill program. Detailed
interpretation of the data is ongoing, and will be used to optimize drill
collar locations for the much anticipated drill program.
Kodiak will release further news as results become available.
KXL Northern miner article - (note the editors comment at the end) pump pump!
MASSIVE SULPHIDE EXPLORATION - Kodiak likes Caribou Lake
Kodiak Exploration Limited
Articles
Base and Light Metals
Exploration
North America
NORTHWEST TERRITORIES - Vancouver-based KODIAK EXPLORATION is encouraged by early results of its VTEM airborne geophysical survey on its Caribou Lake prospect, 90 km southeast of Yellowknife.
The survey is only 15% complete, but Kodiak says the results to date confirm the presence of several massive sulphide bodies along a trend of strong conductivity with a strike length of over 4 km in the southern part of the gabbro. The massive sulphide bodies measure up to 550 metres long. They are associated with a mineralized layer in the gabbro containing magmatic net-textured and semi-massive copper-nickel sulphides up to 70 metres thick from which grab samples of up to 0.97% Cu, 0.62% Ni, 198 ppb Pt and 94 ppb Pd have been obtained. This mineralized layer has been traced for more than 9 km on surface and remains open to the northeast. It also remains open at depth. These are high-priority targets for the company's winter drilling program.
The balance of the VTEM survey will cover the entire strike extent of the mineralized layer as well as all of the Caribou Lake Gabbro and surrounding areas that measure 12 km in a north-south direction and 8 km east-west.
The VTEM survey has also detected anomalies indicating the presence of massive sulphides 3 km along strike to the northeast of the southern trend described above. Kodiak's prospectors discovered seven mineralized showings this year by blast pitting along a 9 km strike. Grab samples taken from those pits returned values up to 19.7% Cu and 0.62% Ni, 0.07% Co, 266 ppb Au, 198 ppb Pt and 94 ppb Pd in the gabbro layer. Niccolite veins cross-cutting the mineralized layer produced grab samples containing up to 38% Ni and up to 3.8% Co.
One pit blasted in the southern zone near the base of the mineralized layer exposed semi-massive sulphides, but did not reach the base of the sulphide layer, which remains open at depth. Grab samples from this pit returned values of up to 0.97% Cu and 0.62% Ni. The location of this discovery coincides with a large massive sulphide anomaly measuring 550 metres long that offers several high-priority drill targets.
The company will post further results on its website at www.KodiakExp.com.
(Editor's note: These results remind us of early reports from Voisey's Bay in Newfoundland.)
Tahera passes previouse high today. .70 cents
Sabina doubles Hackett River indicated mineral resource
2005-12-07 08:28 ET - News Release
Mr. Abraham Drost reports
HIGHER GRADE TONNAGE MORE THAN DOUBLES IN 2005 MINERAL RESOURCE UPDATE AT HACKETT RIVER
Wardrop Engineering Inc. has delivered an independent mineral resource estimate on Sabina Silver Corp.'s 100-per-cent-owned Hackett River project, Nunavut, in compliance with National Instrument 43-101. Aggressive exploration by Sabina in 2005 has more than doubled the indicated mineral resource above the 15-ounce-per-ton silver equivalent cut-off from the previous 2004 mineral resource estimate (Aug. 15, 2005).
In response to the new resource figures, Abraham Drost, PGeo, president of Sabina Silver Corp., states, "Drill definition of a larger, higher-grade core to the indicated mineral resource gives the company a strong basis to continue aggressive exploration and begin to apply economic parameters to the Hackett River project."
The indicated mineral resource grade distribution at successively increasing silver equivalent cut-off grades is presented in table 1.
TABLE 1
2005 CUMULATIVE INDICATED RESOURCE
HACKETT RIVER
Cut-off Tons Ag Eq Zn Eq Ag
Ag Eq oz/ton % oz/ton
oz/ton
+20 11,046,617 26.57 12.17 5.67
+15 20,251,800 22.41 10.26 4.75
+10 31,300,755 18.88 8.64 3.92
+5 39,347,008 16.65 7.62 3.40
Continued ...
Cut-off Zinc Cu Lead Au
Ag Eq % % % g/t
oz/ton
+20 7.69 0.41 1.19 0.52
+15 6.35 0.40 1.00 0.49
+10 5.30 0.37 0.84 0.45
+5 4.63 0.36 0.73 0.41
The inferred mineral resource grade distribution at successively increasing silver equivalent cut-off grades is presented in table 2.
TABLE 2
2005 CUMULATIVE INFERRED RESOURCE
HACKETT RIVER
Cut-off Tons Ag Eq Zn Eq Ag
Ag Eq oz/ton % oz/ton
oz/ton
+20 1,111,028 23.33 10.68 5.90
+15 2,875,910 19.85 9.08 4.79
+10 5,703,876 16.07 7.36 3.81
+5 8,766,884 13.22 6.05 2.96
Continued ...
Cut-off Zinc Cu Lead Au
Ag Eq % % % g/t
oz/ton
+20 6.75 0.18 0.99 0.39
+15 5.65 0.23 0.88 0.36
+10 4.42 0.27 0.70 0.34
+5 3.49 0.34 0.54 0.30
The 2005 drill program focused on optimizing the geological and structural model for the deposits and grade characteristics of the Boot Lake, East Cleaver and Main A zone deposit areas. Metallurgical work on beneficiation and optimizing recoveries of the Hackett River commodity mix is planned in 2006.
Two other resource areas on the property, the Jo and the Finger zones, also have small silver and zinc dominant mineral resources which do not qualify under National Instrument 43-101. The company plans additional aggressive exploration to expand existing resource blocks and hitherto untested resource areas in 2006.
The 2005 resource estimate is based on a historical diamond drill database of 248 diamond drill holes with a total length of 46,435 metres. Sabina's drilling in 2004 and 2005 comprises 105 holes with a total length of 24,536 metres. Wardrop Engineering Inc. considers the prior, historical exploration database to be robust and essentially free from error, allowing these results to be employed along with Sabina's 2004 and 2005 drilling in the estimation of indicated and inferred mineral resources at Hackett River.
A system of standards, blanks and duplicates were inserted as part of the company's QA/QC analytical procedures. Metal grades have been determined using ordinary kriging into a 3-D block model constrained by wireframes interpreted from drill hole intercepts. The deposit models were constrained within the wireframe with primary block dimensions of 10 metres along the strike and 10 metres in the vertical direction. Metal tonnages and grades are reported using a silver (Ag) equivalent cut-off calculated using historical metallurgical recoveries and current metal price predictions.
Wardrop Engineering Inc. has reviewed this press release and approved its release. The detailed mineral resource report on Hackett River will be filed on SEDAR and on the company website within 30 days of this release. The mineral resource estimates have been prepared in accordance with the Canadian National Instrument 43-101 based on information compiled by Harvey Klatt, PGeo, project manager, Sabina Silver, and Gregory Mosher, PGeo, senior geologist, Wardrop Engineering, both of whom are qualified persons as defined in Canadian National Instrument 43-101.
Sabina's 100-per-cent interest in the Hackett River project is subject to a 2-per-cent net smelter royalty (NSR) to Cominco Mining Partnership (CMP). Etruscan Resources Inc. retains a 10-per-cent net profits interest (NPI) capped at $2-million.
We seek Safe Harbor.
Sabina receives final assay results of Hackett drilling
2005-11-02 05:12 MT - News Release
Mr. Abraham Drost reports
SABINA SILVER CORPORATION: 2005 HACKETT RIVER DRILLING-ASSAYS FROM 41 NEW HOLES INCLUDES 172 FEET OF 9.09 OUNCE/TON SILVER AND 7.22% ZINC
Sabina Silver Corp. is presenting final assay results of 2005 drilling at Hackett River. A total of 30,690 feet (9,357 metres) in 44 infill and stepout holes were drilled in 2005. Highlights include: 172 feet (52.4 metres) of 9.09 ounces per ton silver and 7.22 per cent zinc at East Cleaver, 152 feet (46.6 metres) of 6.79 ounces per ton silver and 6.32 per cent zinc at Boot Lake, and 72 feet (29.52 metres) of 9.12 ounces per ton silver and 5.91 per cent zinc at the Main zone, East Limb deposit. Previously unreleased results from 41 holes confirm the robust nature of the Hackett River mineralization and most importantly, suggest that all three known deposits, East Cleaver, Boot Lake and Main zone, remain open for expansion. Wardrop Engineering Inc. is presently preparing a revised geological model and updated NI 43-101 compliant resource estimate incorporating the 2005 drill results.
Sabina has a 100-per-cent interest in the polymetallic Hackett River project that contains a pre-existing NI 43-101 compliant indicated resource based on 2004 drilling of in excess of 154 million ounces of silver, 1.8 million tons zinc, 137,000 tons copper, 256,000 tons lead and 448,000 ounces gold. The magnitude of the silver resource alone at Hackett River ranks Sabina Silver among the top 12 silver-focused companies operating in the Western Hemisphere. As a result of Hackett River, Sabina's silver resource endowment (ounce) per U.S. dollar of fully diluted market capitalization is presently over five times the silver sector average.
Sabina spent a total of $12-million in 2004 and 2005 to earn a 100-per-cent interest in the Hackett River project subject to earn-back rights or a 2-per-cent net smelter return royalty held by Cominco Mining Partnership (CMP), an affiliate of Teck Cominco Limited. CMP is presently in its final 90-day alternate earn-back right to acquire an interest in the Hackett River project. CMP may earn back 60 per cent only after paying Sabina $1-million cash with its election notice, financing all expenditures to the completion of a feasibility study and paying to Sabina an additional sum of $1-million cash upon completion of the feasibility study. Should CMP terminate its right to earn back an interest in the Hackett River project, it shall retain a 2-per-cent NSR in the project.
The Hackett River drill program was carried out under the supervision of Harvey Klatt, PGeo, project manager and a qualified person under National Instrument 43-101. Mr. Klatt supervised drill hole planning, implementation and quality control programs and has approved the technical content of this news release. Core was one-half split, with half sent to accredited Global Discovery Labs, Vancouver, for preparation and analysis.
We seek Safe Harbor.
I should have bought some.
Yes it does on first glance, will have to look at it further.
What do you think of this one kd ? Looks interesting eh ?
http://www.adrianaresources.com/s/Home.asp
Talked to the company this morning to get an idea of activities for the winter.
- the updated mineral resource update to include the 10,000 meters of drilling this year is supposed to be 'imminent'
- drilling was done earlier in the year on the Del Norte property and assays are due 'soon'
- there will be some work done before year end on the Red Lake properties to fulfill flow-through obligations. Sounded like the Newman-Madsen was going to get most of the focus but all of the properties would get some attention.
- a metallurgy study will be done this winter on the Hackett River project
- drilling at Hackett River won't resume until the spring, he said April which matches this year
Looking at it now I think we're still expecting results from Hacket River, didn't ask him about that. Maybe they will come with the resource estimate. Anyway, when the results do come I believe Teck will have a 90 day period to back in for a 60% interest.
http://www.sabinasilver.com/documents/property-oct17-2005-SabinaSilverProjects.pdf
41.3M shares f/d
Hackett River is a rich deposit but its also up north with the diamond mines near the Artic Circle. I'm not sure just how rich it has to be to be economical but here is what we have (page 15 of above link):
Silver: 154,000,000 oz
Zinc: 1,700,000 tons
Lead: 233,000 tons
Copper: 125,000 tons
Gold: 448,000 oz
Add all this up and you get: 685,000,000 oz Ag-Equivalent (Does this equal 11,400,000 oz Au-Equivalent at 60:1???)
685M oz Ag x $7.50 = $5,137,500,000
Even if you discount this to 2% you get $102,750,000 divided by 41,300,000 shares = $2.49
With the property they just sold they have $15 million in working capital consisting of at least $2 million cash and $9 million worth of Wolfden shares (4,000,000 shares).
- I don't have a good idea of how far apart the zones of mineralization are but they all appear to go from surface to 200+ meters
From Page 19, Del Norte has potential for a million oz Au-Equivalent
Took a position today as it looks like the flow-through selloff has levelled off and well... it quacks like a duck, and it looks like a duck...
Sabina Silver maps out new course
2005-10-17 08:02 MT - News Release
Mr. Abraham Drost reports
SABINA SILVER CORPORATION - NEW FOCUS ON SILVER SECTOR
Sabina Silver Corp. has changed its name to reflect a new corporate focus within the silver sector. Following the company's recent success in Red Lake that was capitalized into a successful $11.5-million project sale, Sabina will focus on its Hackett River property and the recently optioned Del Norte project in British Columbia. A recent resource completed on the Hackett River property in Nunavut, indicates that Sabina's current silver resource endowment per United States dollar of fully diluted market capitalization is presently over five times the silver sector average. Sabina Silver is currently well financed to pursue these projects with over $15-million in working capital.
Sabina Silver's 100-per-cent-owned polymetallic Hackett River project contains a National Instrument 43-101 compliant indicated mineral resource in excess of 154 million ounces of silver, 1.8 million tons zinc, 137,000 tons copper, 256,000 tons lead and 448,000 ounces gold. The magnitude of the silver resource at Hackett River ranks Sabina Silver among the top 12 silver-focused companies operating in North and South America. The company is currently awaiting a 2005 mineral resource update for Hackett River, based on 10,000 metres of additional drilling completed earlier in 2005.
Consistent with the company's new silver focus, Sabina recently signed an option to acquire up to 65 per cent of the Del Norte silver-gold property in the Stewart-Eskay Creek mining district of British Columbia from Teuton Resources Corp. (see Stockwatch on Oct. 3, 2005). Assay results are currently pending from the 2005 drilling program on the property.
The vein system at Del Norte consists of two main, possibly continuous, vein zones along strike. Previous drilling into the southern K zone at Del Norte by optionor Teuton Resources intersected mineralization with true widths ranging from 26 feet to 32.8 feet, and grades varying from 5.22 ounces per ton to 8.09 ounces per ton silver and from 0.104 ounce per ton to 0.223 ounce per ton gold.
Drilling at Del Norte in 2003 along the northern LG vein zone varied from 3.3 feet to 6.6 feet wide on surface and encountered significant silver and gold values in seven of nine holes. The deepest intersection to date (hole DN03-07) returned from 475.7 feet to 480.6 feet (4.9 feet) grading 39.26 ounces per ton silver and 0.337 gold, or 0.991 ounce per ton gold equivalent. Petrographic work on LG vein material has confirmed it is mesothermal in nature. Mesothermal veins have been known to extend to depths greater than 6,000 feet.
Past surface programs at Del Norte included prospecting, mapping, trenching and geophysical surveys identified several additional targets along strike to the south that could extend total strike length of the mineralized zone to over 2.5 kilometres. One of the main targets is the Horatio zone, where preliminary sampling of both heavily mineralized float boulders and outcrop returned gold grades up to 3.457 ounces gold/ton associated with sphalerite, galena and pyrite (see Stockwatch on Aug. 10, 2004).
In addition to the company's primary projects, Sabina Silver retains four promising gold projects in the Red Lake mining district, Ontario. Exploration programs on these projects are being considered for the near future.
We seek Safe Harbor.
Commander drills 20 holes to date on Baffin Island
2005-08-15 15:05 ET - News Release
Mr. Kenneth Leigh reports
COMMANDER RESOURCES LTD.: BAFFIN PROJECT UPDATE
Commander Resources Ltd. has provided an update on its continuing Baffin Island gold project. To date, approximately 1,500 metres of diamond drilling in 20 shallow holes have been completed on the Ridge Lake prospect, with detailed geological mapping, channel sampling and ground geophysics completed on the Durette and 2369 prospect areas. The initial drill pattern was designed to test several target areas chosen based on surface mineralization, geology and geophysics. Assay results from surface channel samples collected from the Durette and 2369 prospect areas and the first 10 to 12 drill holes at Ridge Lake should be available within a couple of weeks.
At Ridge Lake, the iron formation in several of the holes shows strong indications of shearing and alteration indicative of an intense mineralizing system. Newly discovered this year was the occurrence of two iron formation units in the Ridge Lake West area, where drill holes were deeper. This compares with only one seen so far in the drilling at Ridge Lake East, where holes were drilled to a shallower depth, suggesting the possibility that deeper drilling may be required at Ridge Lake East to hit the lower iron formation unit.
The detailed ground magnetic survey completed on Ridge Lake in the spring revealed some structural trends and complexes that are in excess of one kilometre long each and appear to be controlling the more intensely altered portions of the iron formation. Using this structural information in conjunction with known surface mineralization the company has now identified new key target areas that will be further ranked based on the assay results from the first pass of drilling.
At Durette, detailed geological mapping has determined that the gold values recovered from the prospect area last year are hosted in a different stratigraphic sequence to that found at Malrok and Ridge Lake. At Durette, a thick silicified iron formation and recrystallized quartzite package is carrying the gold values. The package is thick and individual sections are in excess of 500 metres in strike length and occur over a two-kilometre area before diving under cover. Arsenopyrite is locally abundant. Results from this year's sampling should be available in the next couple of weeks and will be used to outline drill targets.
The find at Durette is significant in that it demonstrates the potential for significant gold mineralization to occur outside of the stratigraphic iron formation units. The quartzite sequence is thick and could provide for a much more robust target. In addition, this discovery opens up the potential for the same succession on other parts of the property, including in the mineralized systems at Ridge Lake and Malrok.
More information on these target areas including previously reported results can be found on the company's website.
Dr. Allan Armitage, PhD, PGeo, is managing the Baffin project this year. Dr. Armitage has extensive experience with iron formation gold deposits and Arctic geology. He was formerly chief geologist at Comaplex Minerals, where he was primarily involved in the Meliadine gold project near Rankin Inlet, Nunavut.
Bernard Kahlert, PEng, is the company's qualified person under National Instrument 43-101 for the 2005 project. Dr. Armitage, PGeo, will be managing all aspects of the 2005 field program.
Looking for gold in all the right places
By Kevin Kerr, MarketWatch
Last Update: 2:51 PM ET Aug 12, 2005
http://www.marketwatch.com/news/newsletters/default.asp?siteid=mktw&dist=LAtab
VANCOUVER (MarketWatch) -- Throughout time gold has been coveted by royalty; a regal metal prized in times of both strife and prosperity.
As the price of gold seems to be making a reach for $500 an ounce again, we want to take a look at what the future may hold for this market.
In my travels I'm fortunate enough to visit locations all around the world. Few are as majestic as Vancouver, British Columbia, Canada -- a true gem of its own.
I'm in Vancouver speaking at an investment event called the Agora Wealth Symposium, and one of the hot topics on the resource front, as always, is gold!
In search of elephant country
There are few places left on the earth as remote as some of the areas in the Northern Canadian territories. The "new frontier" is virtually untouched and offers a wealth of minerals and other resources, but no elephants.
However, for those in the mining industry that refer to this area as "Elephant Country," they're looking for something BIG! One of these progressive exploration companies is Commander Resources (CMD) . Commander is a junior mining operation and its stock trades on the Toronto Venture Exchange.
Now don't get me wrong, Commander isn't Newmont Mining, or Placer-Dome or Cambior. This is a micro-cap exploration company with around $300,000 in annual revenues and a market cap of C$7 million. The stock recently traded at 21 cents a share on the TVE. To put it in perspective, the average daily volume in the past three months has been about 26,000 shares per day. Some days, the volume is considerably less. Fair warning, this is a speculative -- very speculative -- stock.
Ok, now the good , no, actually great news! Commander may be sitting on one of those so called "elephants" right now.
Commander's chief executive Ken Leigh says that this region of Canada has areas, "that have never even been walked on." And there are still huge deposits yet to be discovered. One such place where Commander is sinking its drills in deep is a place called Baffin Island.
Digging in for profits
Baffin Island is a barren place and not tourists' radar screen at all. Baffin is one of the largest islands in the world, in one of the most unspectacular places on Earth -- unless you're a geologist.
During the cold war era, Baffin Island was part of the "Defense Early Warning" System, or DEW line -- a chain of airbases and radar stations built to warn the U.S. and Canada of sneak Soviet missile attacks over the North Pole.
The DEW line is as much a memory as the Soviet Union. But the giant airstrips built to supply the military bases still remain. And Commander is using those airstrips to fly in supplies so it can prospect for gold.
Bottom Line: Commander is finding it.
The Golden Rule: He who has the gold makes the rules
As I interviewed Leigh, I realized that he didn't just wake up yesterday and say "I think I will go dig for some gold." Hardly. He spent 13 years as a geologist for Canadian zinc miner Teck Cominco.
A no nonsense down to earth CEO, he emphasized that it's not just enough to find minerals -- you have to be able to make money off what you find.
"At the end of the day, the business we're in is to grow," Leigh says. "We want to find commodities to feed the market." From everything I saw, the dinner bell may be about to ring.
However, some critics might say that Commander knew where to look the whole time. Gold was originally discovered by global mega-miners BHP Billiton and Falconbridge accidentally when they were prospecting for zinc, silver and nickel.
Oddly enough they had no interest in the gold so they took a pass. Meanwhile Commander stepped in and took it off their hands. Not bad!
As a result Leigh indicated that what his company is sitting on what could be comparable to the massive Homestake mine, which produced 40 million ounces of gold.
According to reports, it's the same kind of geologic formation, and the samples -- so far -- have shown the deposits to be free-milling gold, the kind that can be dug up and ground right out of the surrounding rock.
Since it's free-milling gold, if the mine pans out the way Leigh thinks it will, they'll be able to make gold bars right on the premises. This cuts down expenses enormously and would make them the envy of the mining industry.
But Leigh is no pie-in the-sky CEO. He acknowledges that there's always risk. However, on a risk/reward basis Commander has a lot of upside since it's only trading around 23 cents Canadian, and Commander has many other mineral veins it hopes to grow too.
Finding the end of the rainbow
Commander is just one of many mining companies in this region looking for the elusive pot-o-gold, but they seem to exemplify the best of what's happening in the industry right now -- and they're situated to benefit directly from surging prices from gold and uranium.
As these minerals become more challenging to find, companies as progressive as Commander are likely to prosper in a big way. Investors too.
Once the new frontiers like Baffin Island are gone there will likely be no more "last frontiers" to explore .
Leigh made me a believer, there may well be a rainbow and it looks like it ends on Baffin Island.
MXV, expecting results from the April/May drilling of Hope Bay, any day now. MAE(MNG) has pulled monster results out of Hope Bay this spring. Curious to see if MXV can follow.
Posted it on the wrong board but their is some manangement in common with TAM.
Ok I'll bite, what does PIH have to do with NWT?
Looks like zero promotion on this one. Time to do some digging on SEDAR I guess.
Tamerlane readies for Pine Point summer drilling
2005-06-09 14:04 ET - News Release
Mr. Ross Burns reports
TAMERLANE TO COMMENCE SUMMER DRILL PROGRAM AND ENVIRONMENTAL STUDIES ON PINE POINT LEAD-ZINC PROJECT
Tamerlane Ventures Inc. is mobilizing for its summer drill program, which will total approximately 10,000 feet of drilling. Tamerlane intends to test the R-190 deposit with 10 drill holes to confirm the previous drilling and provide metallurgical test samples. Tamerlane will also complete follow-up drilling on the GO-3 deposit if ground conditions permit access. The winter drill program on the GO-3 deposit intersected 212 feet (64.6 metres) with 15 per cent lead-zinc in hole GO-3-TV3 and 162 feet (49.4 metres) with 16.8 per cent lead-zinc in hole GO-3-TV1. Drilling is also planned to provide metallurgical samples from the N-204 deposit, which is a large, low-grade, near-surface deposit that could be easily mined by open-pit methods.
The 2005 drill program is anticipated to cost approximately $800,000 and is being financed from the proceeds of a $1.25-million flow-through share issuance.
The objective of the 2005 exploration program is to drill four known deposits (W-85, GO-3, R-190 and N-204) with approximately 10 holes to be drilled in each deposit. The winter program tested the W-85 and GO-3 deposits and the summer program will test the remaining deposits. The drill results will be used to confirm the deposits' grades and to provide metallurgical samples for testing the applicability of the dense-media-separation (DMS) process.
Tamerlane is currently in the process of selecting consultants to complete environmental studies on the property to support the feasibility study and permitting process. These studies will include all facets of the environment such as water, fauna and flora and will provide weather and waste-rock data for the design of waste dumps and tailings facilities. Archeological and traditional land-use information will also be incorporated as part of the studies.
The Pine Point project has many advantages compared with other base-metal operations and projects as it has 34 drill-delineated deposits in addition to the infrastructure from previous mining and exploration in the area. The infrastructure includes paved roads, hydro power to the property and a railhead located at the nearby Hay River. The mineralogy and metallurgy of Pine Point are well known. The lead-zinc ore is easy to mill, has good recoveries and the concentrate is easy to refine. The concentrate will be in demand by smelters around the world because of the low impurity levels.
The following table presents a summary of assay results from the winter drill program that were previously reported in Stockwatch on May 9, 2005:
Hole From To Thickness
m m feet m
W-85
deposit
W85-TV1 106.0 222.0 116.0 35.40
W85-TV4 87.0 203.0 116.0 35.40
W85-TV4 234.0 262.0 28.0 8.53
W85-TV5 201.5 285.0 83.5 25.50
W85-TV6 205.0 340.0 135.0 41.20
W85-TV7 165.0 235.7 70.7 21.60
W85-TV8 197.0 222.0 25.0 7.60
W85-TV8 262.0 350.0 88.0 26.80
W85-TV9 260.0 350.0 90.0 27.40
GO-3
deposit
G03-TV1 180.0 342.0 162.0 49.40
GO3-TV3 165.0 377.0 212.0 64.60
Hole Pb Zn Pb+Zn
% % %
W-85
deposit
W85-TV1 7.40 4.08 11.48
W85-TV4 7.24 5.97 13.21
W85-TV4 6.94 4.72 11.66
W85-TV5 4.10 8.14 12.24
W85-TV6 3.72 10.72 14.44
W85-TV7 0.60 3.42 4.02
W85-TV8 2.31 6.95 9.26
W85-TV8 5.66 9.48 15.14
W85-TV9 6.12 13.71 19.83
GO-3
deposit
G03-TV1 4.50 12.33 16.83
GO3-TV3 5.22 9.94 15.16
Miramar hits 11.5 g/t Au over 66.5 metres at Hope Bay
2005-06-09 05:36 ET - News Release
Mr. Anthony Walsh reports
MIRAMAR INTERCEPTS OUTSTANDING WIDTHS & GRADES IN STEP-OUT DRILLING AT MADRID RESULTS INCLUDE 11.5G/T GOLD OVER 66.5M (OR 0.34 OZ/TON OVER 218 FEET) IN 100M STEP-OUT HOLE
Miramar Mining Corp. has released the results from a further 23 holes drilled to upgrade and expand the resources within the western portion of the Madrid deposit at its Hope Bay project in Nunavut. Two holes were drilled to test exploration targets. The remaining 21 drill holes were designed to improve Miramar's understanding of underdrilled portions Madrid and to begin stepping out beyond the limits of previous drilling. Also reported are four holes from the Doris deposit.
TAM Tamerlane hits 19.83% Pb-Zn over 90 feet at Pine Point
2005-04-21 20:19 ET - News Release
Mr. Ross Burns reports
TAMERLANE INTERSECTS 162 FEET OF 16.83% LEAD-ZINC IN HOLE G03-TV1 AND 90 FEET OF 19.83% LEAD-ZINC IN HOLE W85-TV9
Tamerlane Ventures Inc. has released exciting results from its 5,000-metre drill program on its Pine Point lead-zinc project in the Northwest Territories. Nine drill holes have been completed on the W-85 deposit and three drill holes have been completed on the GO-3 deposit. The total drill program is anticipated to cost approximately $800,000 and is being financed from the proceeds of a recent $1,257,000 flow-through share issuance.
The 2005 exploration program includes drilling four known deposits (W-85, GO-3, R-190 and N-204) with approximately 10 holes to be drilled in each deposit. The objectives of the program are to confirm the deposits' grade and provide metallurgical samples for testing the applicability of the dense media separation process, which was not used in the past.
Rock well dude !
Weird action, MPV gaps up on no news?
TAH up 7%, MPV up 13%, KRT up 24%, MTX up 16%, SRM up 18%, GGL up 30%, CFV up 18%.
http://www.siliconinvestor.com/readmsg.aspx?msgid=21112600
I never got any of the diamonds-their turn to run now?
JW
It's in the same area. No difference. Just an invisible line separating two provinces.
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