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AuEx JV partner drills 21.3 m of 5.68 gpt Au in Nevada
2007-10-17 11:46 ET - News Release
Mr. Ronald Parratt reports
AUEX VENTURES, INC.: LONG CANYON DRILLING EXTENDS STRIKE AND DIP OF GOLD MINERALIZATION
AuEx Ventures Inc. has received gold assay results provided by joint venture partner Fronteer Development Group from the reverse-circulation drilling completed in August and September at the company's Long Canyon gold exploration property located in Elko county, Nevada. NewWest Gold USA Inc., acquired by Fronteer effective Sept. 24, 2007, conducted exploration under an earn-in agreement at Long Canyon from May, 2006, through mid-September, 2007. The 2007 reverse-circulation drilling program consisted of 3,500 metres in 22 holes designed to test the extent of gold mineralization along strike and down dip in several zones documented by 39 holes drilled previously. Gold at Long Canyon typically occurs as disseminations, stratabound and structurally controlled, in altered limestone and, to a lesser extent, in altered dolomite and intermediate dikes, similar to other Carlin-style deposits in Nevada.
Highlights of the recent drilling include several intercepts constrained by a low-grade cut-off of 0.3 gram per metric tonne:
3.54 grams per tonne over 18.3 metres in drill hole LC041;
5.68 grams per tonne over 21.3 metres, including 10.68 grams per tonne over 10.7 metres in drill hole LC043;
3.63 grams per tonne over 7.6 metres, including 10.83 grams per tonne over 1.5 metres in drill hole LC044;
3.47 grams per tonne over 70.1 metres, including 10.87 grams per tonne over 13.7 metres in hole LC045.
All intercepts are reported as drilled; investigations to determine true widths are continuing. The drill intercept of LC041 extends the known strike length of high-grade gold mineralization about 90 meters north of prior intercepts. Also, this intercept lies about 90 metres north of the northeastern end of the coherent 1,400-metre-long, 100-part-per-billion soil anomaly that has defined the target area at Long Canyon to date. The intercept of LC043 lies about 30 metres down dip from the high-grade intercept of LC018 (20.05 grams over 13.7 metres) announced in Stockwatch on Sept. 21, 2006 (NR06-12). LC044 intersected mineralization lateral to that of LC043. LC045 appears to have intersected a stratabound zone of gold mineralization obliquely. All drill intercepts from the current program consist of visually oxidized material. Preliminary cyanide amenability tests and check assays are in progress for all gold intercepts.
The 2007 drilling program expanded upon past exploration by Pittston Nevada Gold Corp. in 2000, AuEx in 2005 and NewWest in 2006. The drill holes described in this news release tested the northeastern 490 metres of a 1,000-metre-long trend of gold mineralization intersected by drilling. Gold mineralization is still open along strike and at depth and appears to consist of several prospective zones. The drilling data, combined with rock-chip and soil data, indicate that the target area is at least 1,500 metres long.
I am thinking .50
RNGG coming to life. They are in Jarritt Canyon.
Consolidated Gold Win Ventures Inc.: Phase One Drill Program at Dolly Complete-Information on Porphyry Intrusive Compiled
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 14, 2007) - CONSOLIDATED GOLD WIN VENTURES INC. (TSX VENTURE:CGW)(PINK SHEETS:CGWVF)(FRANKFURT:OUH) reports that it has completed the last hole on the Phase I drilling program (DV-07-17) on the expanded drilling program on its Dolly Varden Claims, in Elko County, Nevada.
This last hole was an extra hole to confirm the strike of the zone intersected in the first drill hole and provides a nice bookend to the almost 10,000 feet of drilling on the claims to date. This amount of core, which is the first drilling ever to be completed on this property, continues to be logged in detail and sampled.
The drill is now being overhauled and refurbished prior to commencing the 2nd Phase of drilling. This phase will build on the success of the 1st phase that has outlined a large buried porphyry with all the implications that that discovery has given the amount of copper gold mineralization found on surface.
The integration of the geological and mineralized information with the geophysical data is continuing and prior to commencing the Phase II Drill Program the company plans to develop a detailed model of this significant discovery.
William Timmins, P.Eng, a Qualified Person under National Instrument 43-101, has approved the contents of this News Release.
Listen to Laurence Stephenson, P.Eng, discuss this and other CGW properties by following link below.
http://www.stockhouse.ca/exec_casts/co_detail.asp?tickerSymbol=V.CGW&editio
n=Aug2004 (Due to the length of this URL, it may be necessary to copy and paste this hyperlink into your internet browser's URL address field)
About Consolidated Gold Win Ventures
CGW is a progressive and rapidly advancing junior exploration company with interests in Nevada - South Dolly Varden Gold Copper claims, British Columbia - Yeti Gold claims, North West Territories - Drybones Diamond properties, Quebec - Raglan Platinum Group Metal claims.
We seek safe Harbor.
Kent Exploration JV starts drilling Ivanhoe Creek
2007-05-07 10:59 ET - News Release
Mr. Graeme O'Neill reports
KENT EXPLORATION INC.: NEVADA DRILLING PROGRAM COMMENCES
Kent Exploration Inc. has been advised by Senator Minerals Inc., the operator, that Frontier Drilling has commenced a $600,000 diamond drilling program on the company's 50-per-cent-optioned Ivanhoe Creek property, to test for Midas-style gold-silver mineralization at depth.
Located in Nevada's prolific and highly developed Carlin trend, the Ivanhoe Creek property lies approximately three miles north of Great Basin Gold's Hollister Development block, where Great Basin reports it expects to start production in 2008 from a resource of one million gold equivalent ounces.
This news release has been prepared on behalf of the Kent Exploration board of directors, which accepts full responsibility for its contents.
Pinetree Capital backs Evolving Gold in Nevada Trends
"Mr. Larry Goldberg reports
PINETREE CAPITAL LTD. ACQUIRES SECURITIES OF EVOLVING GOLD CORPORATION.
Pinetree Capital Ltd., on April 26, 2007, acquired ownership of 2.5 million common shares of Evolving Gold Corp. and 2.5 million share purchase warrants (each warrant entitling the holder thereof to acquire one additional common share at an exercise price of 35 cents until April 26, 2009). In the event that the warrants are fully exercised, these holdings represent approximately 17.0 per cent of the total issued and outstanding common shares of Evolving as of April 26, 2007, calculated on a partially diluted basis, assuming the exercise of warrants only."
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Pinetree knows what it's doing and it's just made a million dollar bet on Evolving Gold. http://evolvinggold.com
Maximus Ventures drills 3.1 m of 10.68 g/t Au at Exelsior
2007-05-07 11:57 ET - News Release
Mr. Francois Viens reports
MAXIMUS REPORTS EXPLORATION RESULTS ON EXCELSIOR SPRINGS AND KEYSTONE BULK TONNAGE POTENTIAL CONFIRMED AT EXCELSIOR SPRINGS
Maximus Ventures Ltd. is releasing RC drilling results from the second round of drilling at Excelsior Springs and initial drilling at the Keystone project, both located in Nevada.
At Excelsior Springs, hole EX-18 intersected 3.1 metres averaging 10.68 grams per tonne gold at a depth of 42.7 metres. In addition, longer zones of lower-grade mineralization, such as the intercept in hole EX-15, which intersected 64 metres averaging 0.69 gram per tonne gold starting at a depth of 4.7 metres, suggests significant potential at Excelsior Springs for a large-scale bulk-tonnage gold mineralized system that includes potential high-grade shoots. The RC drilling at Keystone did not identify economic silver-gold mineralization.
Excelsior Springs drilling
Phase 2 of the exploration program at Excelsior Springs consisted of drilling 13 RC holes totalling 1,494 metres. Three of these holes (EX-10, EX-11 and EX-13) were drilled to follow-up the high-grade-gold intersection in hole EX-02 (6.1 metres of 9.8 grams per tonne gold) previously reported in Stockwatch on Feb. 5, 2007. Phase 2 hole EX-13 cut 2.7 grams per tonne gold over 13.7 meters in a mineralized zone 85 metres up-dip from the intercept in EX-02. Geological interpretation suggests that these higher-grade intercepts may not correlate directly, suggesting either faulting or the presence of multiple disrupted mineralized lenses.
However, by compiling all assays from all available drill holes above a cut-off grade of 0.3 gram per tonne gold, a more continuous gold zone of approximately 45 metres thick by 300 metres long can be outlined. The geological interpretation shows several offsets in the rock units due to faulting but the gold mineralization seems to overprint all of this. This diffuse gold-bearing zone is essentially open down-dip and appears to be faulted off to the east and west. Assuming a dip of 45 degrees to the south, based on surface structural information, this mineralization could well develop into a consistent mineralized zone at relatively shallow depth.
"Maximus is in the process of evaluating its options regarding the follow-up work program on Excelsior Springs," says Francois Viens, president and chief executive officer of Maximus. "The presence of high-grade gold mineralization within a larger lower-grade mineralized envelope creates a very interesting environment that will certainly require additional drilling work."
Note: Results for holes EX-01 to EX-09 were previously released in Stockwatch on Feb. 5, 2007)
Keystone property
The Keystone property located in Pershing county, Nevada, was acquired to test the potential for shallow silver-gold mineralization that could be mined by open pit methods. Twenty six unpatented mining claims are 100 per cent held by Walker Lane Gold, a wholly owned subsidiary of Maximus. Eleven holes totalling 1,426 metres were drilled in 2007 to test a steeply dipping quartz vein system within an extensive zone of clay alteration and iron staining. Due the poor continuity and grade of the gold and silver mineralization and, considering that the potential for finding a large economic deposit has been well tested and found wanting, Maximus has decided to drop its option on Keystone. Rehabilitation work will be completed in May at a low cost to Maximus.
Quality assurance and quality control
The technical content of the information related to Excelsior Springs and Keystone was reviewed by Bernard Boily, PGeo, responsible for supervising the drilling campaign and qualified person for Maximus under the guidelines of National Instrument 43-101. The analytical method for gold is one assay-ton fire assay AAS determination with gravimetric finish on all assays reporting over 10 grams per tonne gold. Assaying is done by ALS Chemex in Reno, Nev.
We seek Safe Harbor.
http://www.stockwatch.com/swnet/newsit/newsit_newsit.aspx?bid=B-682415-C:MXV&symbol=MXV&news...
X-Cal Resources Ltd.:
Ken Snyder Buys 1% Production Royalty Sleeper Gold Project, Nevada
Mon May 7, 8:00 AM
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 7, 2007) - X-CAL RESOURCES LTD. (TSX: XCL.TO) and KEN SNYDER have entered into a letter purchase agreement for the sale of a 1% Net Smelter Production Royalty (NSR) on the Sleeper Gold Property to Dr. Snyder's Gold Syndicate for US $1,500,000.
Ken Snyder has placed an initial payment in trust pending completion of title checks and formal documentation. Closing is expected to take place by June 16, 2007, subject to completion of the above and regulatory approval.
X-Cal has reported good progress with both exploration and development drilling at the Sleeper Gold Project, located in Humboldt County, Nevada.
One of the goals of Sleeper drilling is to develop sufficient density of drill data to place some of the gold and silver mineralization, currently described as exploration targets, into the CIM "Indicated" category by calendar year-end, for publication within NI-43-101 requirements.
Dr. Snyder was instrumental in the making of the "Ken Snyder Midas Mine" in Nevada.
The contents of this release have been reviewed by Robert Thomason, M.Sc., who is a "Qualified Person" as defined by NI-43-101.
Shawn Kennedy, President
Caution Concerning Forward-Looking Statements
This release and related documents may contain certain "forward-looking statements" including, but not limited to, statements relating to interpretation of drilling results and potential mineralization, future exploration work at the Sleeper Gold Project, the Mill Creek Gold Project, the Reese River Project and the Spring Valley Area Project and the expected results of this work. Forward-looking statements are statements that are not historical facts and are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in gold prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Sleeper Gold Project, the Mill Creek Gold Project, the Reese River Project and the Spring Valley Area Project; uncertainties involved in the interpretation of drilling results and other tests; the possibility that required permits may not be obtained in a timely manner or at all; risk of accidents, equipment breakdowns or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from the exploration operations at the Sleeper Gold Project, the Mill Creek Gold Project, the Reese River Project and the Spring Valley Area Project.
Forward-looking statements contained in this release and related documents are based on the beliefs, estimates and opinions of management on the date the statements are made. There can be no assurance that such statements will prove accurate. Actual results may differ materially from those anticipated or projected. X-Cal Resources Ltd. and X-Cal USA, Inc. undertake no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change
Consolidated Gold Win Ventures Inc.: 2nd Major New Discovery at Dolly Varden Has Intersected 600 Foot Mineralized Intrusive at Depth-Drill Still Turning
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 5, 2007) - CONSOLIDATED GOLD WIN VENTURES INC. (TSX VENTURE:CGW)(PINK SHEETS:CGWVF)(FRANKFURT:OUH) is pleased to report that an extensive mineralized intrusive has been intersected over a 600 foot length at depth with drill still turning.
Drill hole DV-07-11 that was drilled off of the same site as vertical drill hole DV-07-09 at a -65 degrees easterly direction to test the massive sulphide mineralization intersected in 09 has intersected a mineralized "granitic" intrusive.
The company's consulting geologist had predicted that this deeper "buried" porphyry type system existed by observation of the pervasive alteration and copper, gold and other metallic mineralization in the surface showings.
Drill hole DV-07-11 intersected the feldspar porphyry (similar to that found in DV-07-09, see web photos) at approximately 700 feet depth with 2-4% sulphides, then at approximately 800 feet depth the "granitic" intrusive was encountered, again with sulphides which continued to a depth of over 1200 feet where it increased in veining (calcite mainly from preliminary observation). The drill hole continued into altered and still sulphide mineralized marble but at approximately 1300 feet encountered more feldspar porphyry and then back into the "granitic" intrusive, all still mineralized.
The company has been in discussions with the drill company as to how deep the current drill can go as the drilling is already 400 feet past the maximum depth envisioned in the drill contract, and still going.
With over 600 feet (200 metres) of mineralized intrusive intersected that had no visible presence indicated on surface the company is eagerly anticipating the correlation of the deep 3D IP surveying that is ongoing with the current drilling program.
The discovery of this buried intrusive is suggesting that the mineralization encountered in every drill hole to date, the intersection of massive sulphide mineralization in DV-07-09, the copper zone reported in DV-06-03, 600 metres to the north and in DV-07-06 and 07, 600 metres to the east, could be all be related.
Drilling continues to delineate the mineralization.
William Timmins, P.Eng., a Qualified Person under National Instrument 43-101, has reviewed the contents of this News Release.
Listen to Laurence Stephenson, P.Eng., discuss this and other CGW properties by following link below.
http://www.stockhouse.ca/exec_casts/co_detail.asp?tickerSymbol=V.CGW&edition=Aug2004
About Consolidated Gold Win Ventures
CGW is a progressive and rapidly advancing junior exploration company with interests in Nevada - South Dolly Varden Copper Gold claims, British Columbia - Yeti Gold claims, North West Territories - Drybones Diamond properties, Quebec - Raglan Platinum Group Metal claims.
Apolo Signs L.O.I. for Nevada Mining Projects
VANCOUVER, BC, Feb 26, 2007 (MARKET WIRE via COMTEX) --
Apolo Gold & Energy Inc. (OTCBB: APLL) has executed a Letter of Intent with Great American Minerals, Inc. (GAM) of Salt Lake City Utah, for the acquisition of all of the outstanding shares of GAM in return for a yet to be determined number of restricted shares of common stock of Apolo. GAM is a private company located in Salt Lake City, Utah and the holder of numerous mining claims primarily in Nevada.
The number of restricted shares to be issued by Apolo, which would be delivered upon the closing of the Definitive Agreement, will be determined by mutual consent of the parties only after an independent value has been determined for the assets of GAM being acquired by Apolo. Both parties will use their best efforts to execute a Definitive Agreement by April 20, 2007, and close by June 20, 2007.
As a condition of execution of the Definitive Agreement, the most significant GAM properties shall be evaluated at Apolo"s cost for geological and economic value by a qualified independent third party prior to a final determination of the number of Apolo shares to be issued to GAM shareholders.
GAM currently owns over 900 unpatented mining claims, and has Joint Ventures with Madison Minerals Ltd and Platte River Gold. There are 6 prominent properties located in Nevada and include a diverse asset base of properties hosting gold and silver, to strategic metal mineral resources such as vanadium and copper. The properties range from advanced exploration/development drilling projects to promising exploration targets. All properties are located in the prolific Battle Mountain - Eureka Trend in Nevada, also known as the Cortez Trend.
Through a Joint Venture with Madison Minerals, Inc., GAM and Madison have acquired control of claims and patents for over 5,500 acres on the Battle Mountain - Eureka Trend in Nevada. GAM has a 40% interest in the joint venture which has the option of acquiring the property. This Joint Venture known as the Phoenix Joint Venture is strategically located directly north of and contiguous with Newmont Mining Corp."s Phoenix/Fortitude Mine Development complex which is reported to host significant mineable reserves of gold.
Other projects owned by GAM include the Treasure Hill Project, located in White Pine County between Ely and Eureka, Nevada; Black Kettle Vanadium Project located 8 miles south of Carlin in Elko County, Nevada; Modoc Project, located 3 miles from Newmont"s Phoenix-Fortitude property and directly adjacent to the Phoenix JV Property; UNR Project, located in the Eureka Mining District; and the Platte River JV Project.
GAM also owns claims in the High Grade District in the Warner Mountains, approximately 30 miles northeast of Alturas in Modoc County, in the northeast corner of California. This is a gold occurrence that has had very little exploration to date.
Regarding the Treasure Hill Project, current drilling data indicates significant silver bearing mineralization of high grade material. Additional drilling will be required on this property to determine its potential.
Prior to the closing of the Definitive Agreement, GAM will provide evidence of a firm commitment of financing in the amount of $8,000,000. A portion of these funds would be allocated to the retirement of debentures currently outstanding in GAM. The balance will provide sufficient financing to retire all outstanding obligations of both Apolo and GAM, and provide working capital of almost $4,000,000 for work program commitments and general working capital. As a further condition to closing, the parties have agreed to the election of a revised board of directors.
Apolo also advises that it has signed an Agreement with Atna Resources Ltd wherein Apolo will execute a quit claim and return its rights regarding the Beowawe property in Nevada to Atna Resources Ltd. As a condition of this Agreement, Apolo has agreed to reimburse Atna $113,520 of expenditures made on its behalf and to issue to Atna 2,200,000 restricted common shares in lieu of unfulfilled work commitments for the past year. Upon settlement of the foregoing, Apolo will be released from further obligations regarding the Beowawe property.
The Company is awaiting a geological consultants report on its NUP property in Sumatra, Indonesia prior to determining its continuing program for 2007.
APOLO GOLD & ENERGY INC
For further information, please contact:
Brant W. Little B.B.A. Advisor to the Board
Tel: 604-687-4150
Fax: 604-687-4155
e-mail: brantlittle@yahoo.ca
Website: www.apologoldandenergy.com
Safe Harbor Statement
All statements contained herein, as well as oral statements that may be made by the Company or by officers, directors or employees of the Company acting on the Company"s behalf, that are not statements of historical fact, constitute "forward-looking statements" and are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. Such risks and uncertainties are outlined in the Company"s Annual Report on Form 10-K for 2005 as filed with the Securities and Exchange Commission. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Distributed by Filing Services Canada and retransmitted by Market Wire
Consolidated Gold Win Retains Shareholder Relations Services
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 23, 2007) - CONSOLIDATED GOLD WIN VENTURES INC. (TSX VENTURE:CGW)(PINK SHEETS:CGWVF)(FRANKFURT:OUH) is pleased to announce it has retained, subject to regulatory approval, TheHeadCase.com ("TheHeadCase") to provide Shareholder Relations services.
TheHeadCase will be responsible for disseminating Shareholder Relations information and creating awareness of Consolidated Gold Win in both retail and institutional communities.
TheHeadCase will work along side Management to maintain timely contact with retail and institutional shareholders, potential shareholders and investment community professionals.
TheHeadCase's Michael R. Pound - Principal, commenting on this partnership said, "The currently targeted development focused drilling program at Dolly Varden coupled with Managements ongoing financial commitment made for an easy decision in aligning with Consolidated."
Further to our release dated Feb 20th 2007, the company will have new pictures added to our website which show the massive sulphide in limestone and disseminated sulphides in the quartz porphyry dike which has just been intersected in the vertical drill hole at the current drill site.
This site is located over 600 metres south of the initial drill site and 600 metres west of the second drill site. The intersection is approximately 95 feet in width and corresponds directly with the 3 D IP anomaly.
More information will be reported as it becomes available.
Listen to Laurence Stephenson, P.Eng., discuss this and other CGW properties by following link below.
http://www.stockhouse.ca/exec_casts/co_detail.asp?tickerSymbol=V.CGW&edition=Aug2004
About Consolidated Gold Win Ventures
CGW is a progressive and rapidly advancing junior exploration company with interests in Nevada - South Dolly Varden Copper Gold claims, British Columbia - Yeti Gold claims, North West Territories - Drybones Diamond properties, Quebec - Raglan Platinum Group Metal claims.
Cons Gold Win geologists inspect Dolly Varden core
2007-02-20 06:02 ET - News Release
Mr. Laurence Stephenson reports
CONSOLIDATED GOLD WIN VENTURES INC.: INDEPENDENT GEOLOGIST RECOMMENDS FURTHER 'DEVELOPMENT' TYPE DRILLING PATTERN AT DOLLY VARDEN DISCOVERY SITE
Consolidated Gold Win Ventures Inc.'s independent United States contract geologist, Doug Prihar, has been able to inspect the drill core along with renowned United States geologist, Clancy Wendt, from the company's drill program on the Dolly Varden claims located southeast of Elko, Nev.
Mr. Prihar conducted geological mapping of the property last summer and has vast experience in working in the Nevada area as well as with porphyry copper deposits associated with the western Cordillera of the Americas. Mr. Wendt was responsible for assisting the company in acquiring the property and has extensive experience in mineral exploration throughout the Americas, and was involved in the discovery and development of both the Mt. Hamilton and Griffon ore deposits east of Ely, Nev.
Both senior geologists agree that drilling continues to delineate the mineralized structure associated with the mineralization reported last December, and have advised the company on where best to select further drilling sites adjacent to the discovery holes and the recent step out holes to initiate a development-type drilling pattern that can be used in quantifying the emerging mineralization features in a regulatory approved fashion.
They have recommended that upon completion of the next two holes, DV 07-09 (drill hole No. 7) and DV 07-11 (drill hole No. 9) on the current drill area (600 metres south of the initial drill area and approximately 600 metres west of the second drill area) the drill be moved back to the original area to define the mineralized zone relationship to the observed surface mineralization and the quartz feldspar porphyry dikes which are becoming more defined and intimate with that mineralization.
Significant fault gauge and faulting that have also been noted are beginning to be very indicative of the tremendous structural preparation that has been developed in the area and is associated with mineralization.
Laurence Stephenson, PEng, a qualified person under National Instrument 43-101, has approved the contents of this news.
We seek Safe Harbor.
Consolidated Gold Win Ventures Inc.: Extensive Mineralization Encountered Over Wide Area and at Depth in All 6 Holes Drilled to Date at Dolly Varden, Nevada
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 13, 2007) - CONSOLIDATED GOLD WIN VENTURES INC. (TSX VENTURE:CGW)(PINK SHEETS:CGWVF)(FWB:OUH) Is pleased to report that its drill program on the Dolly Varden Claims located southeast of Elko, Nevada, continues to meet with significant success in delineating the mineralized structure associated with the mineralization reported for its discovery drill hole last December.
Three drill areas have been targeted to date in a 'triangular configuration' all of which have intersected extensive mineralization.
Hole #3 (DV 06-05) of the initial set up as reported earlier was completed to a vertical depth of 725 feet and intersected mineralization and garnetiferrous metamorphism from about 500 feet to 660 feet with several massive sulphide "zones."
Sample material from drill hole #3 is currently being processed at ALS Chemex Lab's Elko preparation facilities and results are expected imminently.
Drill holes #4 (DV 07-06) (-45 degrees westerly) and #5 (DV 07-07) (-60 degrees westerly) were drilled on the eastern extension of the wollastonite alteration halo approximately 2,700 feet south-east of the first 3 holes and completed to a depth of 250 feet and 400 feet respectively.
These holes were drilled to test an area of higher resistivity (without any noticeable IP chargeability) under an old surface working that had visible copper staining (see previous web posted pictures of company President Mr. Abby Farrage standing on it).
A 20 foot zone of rusty alteration was intersected in hole #4 and a 80-90 foot zone of disseminated sulphides was intersected in hole #5. Preliminary observation suggests that the intersections and the trench are part of the same structure. Significant fault gauge and faulting was also noted.
Drill hole #6 (DV 07-08) (-45 degrees easterly) was drilled into the main IP chargeability anomaly approximately 1,500 feet south of the initial set up (drill holes #1, #2 and #3). This area is associated with the quartz feldspar porphyry dykes, the south end of the highest chargeability and where the chargeability is projected to come to surface.
Drill holes #7 (DV 07-09) (-90 degrees) and #8 (DV 07-10) (-45 degrees westerly) are also currently being drilled at this location.
Sample material from drill hole #4 and drill hole #5 has also been sent to ALS Chemex Lab's Elko preparation facilities for processing and assay results will be released as soon as they are available.
Laurence Stephenson, P.Eng., a Qualified Person under National Instrument 43-101, has approved the contents of this News Release.
Listen to Laurence Stephenson, P.Eng. discuss this and other CGW properties by following link below.
www.stockhouse.ca/exec_casts/co_detail.asp?tickerSymbol=V.CGW&edition=Aug2004
About Consolidated Gold Win Ventures
CGW is a progressive and rapidly advancing junior exploration company with interests in Nevada - South Dolly Varden Copper Gold claims, British Columbia - Yeti Gold claims, North West Territories - Drybones Diamond properties, Quebec - Raglan Platinum Group Metal claims.
We seek safe Harbor
Madison Minerals drills 13.7 m of 9.43 g/t Au at Lewis
2007-02-08 14:49 ET - News Release
Mr. Chet Idziszek reports
DRILLING CONFIRMS AND EXPANDS LEWIS GOLD MINERALIZATION
Madison Minerals Inc. has released results for the remaining 33 reverse circulation drill holes from its 2006 drilling program at its Lewis property in Nevada. Madison and joint venture partner Great American Minerals Inc. completed 49 drill holes (both infill and step-out) totalling 31,690 feet during this program.
As shown in tables, gold results from the most recent 26 drill holes (MAD47 to 54, MAD58 to 63 and MAD71 to 82) compare favourably with previous Lewis property drill results, which had partially outlined two distinct mineralization styles within the extensive Virgin structural zone: steeply oriented, higher-grade mineralization and subhorizontal, lower-grade mineralization, all hosted by favourable stratigraphy. In addition, the drilling continues to define a third style of mineralization: steeply oriented mineralized splays or cross-structures that intersect the north-south-trending Virgin structural zone. Madison's drilling evaluation of the various styles of mineralization within the Virgin structural zone covers an area of 600 feet by 1,600 feet.
Madison has also initiated a successful drilling evaluation of the Buena Vista structural zone with seven widely spaced reverse circulation drill holes (MAD64 to 70) along a 1,700-foot strike extent. The Buena Vista structural zone is a subparallel target located 1,500 feet to the west of the Virgin structural zone.
Management is pleased with these drilling results as they compare favourably with the reported styles and grades of mineralization at the adjacent Phoenix-Fortitude gold mining operations of Newmont Mining. Madison plans considerable additional drilling evaluation in 2007 at both the Buena Vista and Virgin structural zones as a prelude to resource calculations.
STEEPLY ORIENTED MINERALIZATION
-- VIRGIN STRUCTURAL ZONE
Hole From To Interval Gold
No. (m) (m) (m) (g/t)
MAD-48 22.9 25.9 3.0 1.16
MAD-49 10.7 19.8 9.1 2.46
MAD-50 1.5 6.1 4.6 1.26
29.0 32.0 3.0 2.24
MAD-51 41.2 44.2 3.0 1.11
MAD-52 30.5 35.1 4.6 4.13
MAD-53 32.0 41.1 9.1 2.36
MAD-54 86.9 89.9 3.0 3.05
MAD-63 219.5 225.6 6.1 1.33
MAD-73 16.8 19.8 3.0 1.53
MAD-75 62.5 67.1 4.6 1.20
Hole From To Interval Gold
No. (m) (m) (m) (g/t)
MAD-05 53.3 85.3 32.0 17.50
MAD-08 106.7 115.8 9.1 7.00
MAD-17 41.1 44.1 3.0 8.20
MAD-20 50.3 57.9 7.6 7.10
MAD-36 222.5 231.6 9.1 4.88
MAD-39 89.9 96.0 6.1 4.54
MAD-55 161.5 170.7 9.2 2.17
incl. 161.5 164.5 3.0 4.94
MAD-56 134.1 135.6 1.5 7.33
Hole From To Interval Gold
No. (m) (m) (m) (g/t)
MAD-59 122.0 132.6 10.6 1.11
MAD-62 79.2 102.1 22.9 1.08
incl. 79.2 85.4 6.1 1.50
141.8 155.5 13.7 1.05
MAD-74 25.9 48.8 22.9 1.52
MAD-76 125.0 128.0 3.0 1.15
129.6 134.1 4.6 1.00
MAD-80 80.8 85.4 4.6 1.12
MAD-82 134.1 140.2 6.1 1.68
144.8 149.4 4.6 1.01
Hole From To Interval Gold
No. (m) (m) (m) (g/t)
MAD-06 51.8 76.2 24.4 1.35
MAD-19 44.2 70.1 25.9 1.90
MAD-23 115.8 143.3 27.5 1.93
MAD-28 166.1 182.9 16.8 1.28
MAD-40 54.9 71.7 16.8 1.13
incl. 56.4 59.4 3.0 2.09
MAD-42 129.5 143.2 13.7 1.44
incl. 134.1 140.2 6.1 2.39
Hole From To Interval Gold
No. (m) (m) (m) (g/t)
MAD-47 15.2 19.8 4.6 2.13
74.7 82.3 7.6 2.91
MAD-61 59.4 64.0 4.6 1.72
123.5 154.0 30.5 1.11
incl. 125.0 128.0 3.0 3.74
MAD-71 115.9 125.0 9.1 2.67
134.2 140.3 6.1 1.12
MAD-81 85.4 99.1 13.7 9.43
149.4 160.1 10.7 9.21
182.9 228.7* 45.7 2.16
Hole From To Interval Gold
No. (m) (m) (m) (g/t)
MAD-43 137.2 179.8 42.6 2.62
incl. 138.7 150.9 12.2 6.35
MAD-45 13.7 22.9 9.2 2.51
97.5 102.1 4.6 1.22
MAD-57 121.9 147.8 25.9 1.47
incl. 128.0 131.0 3.0 2.37
and 140.2 146.3 6.1 2.07
172.2 175.2 3.0 1.56
BUENA VISTA STRUCTURAL ZONE
Hole From To Interval Gold
No. (m) (m) (m) (g/t)
MAD-64 12.2 19.8 7.6 5.44
incl. 12.2 15.2 3.0 12.60
42.7 47.3 4.6 1.70
MAD-65 85.4 90.0 4.6 1.08
MAD-67 10.7 18.3 7.6 1.45
30.5 33.5 3.0 3.44
MAD-68 137.2 141.8 4.6 1.60
MAD-70 158.5 169.2 10.7 2.82
Drilling on Columbus Gold's Dutch Flat Project Confirms Presence of Gold Mineralization Encountered in Historic Drilling
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 18, 2007) - Columbus Gold Corporation (TSX VENTURE:CGT) ("Columbus Gold" or the "Company") is pleased to announce the results of a reverse circulation drilling program at its Dutch Flat Property in Nevada, where Piedmont Mining Company, Inc., is earning an initial 51% interest by funding US$2 million in exploration expenditures.
Seventeen shallow angle holes, totaling approximately 685 metres (m) (2,550 feet), were drilled in an east-west fence extending approximately 388 m (1,275 feet) across part of a previously drilled zone on the property with the objective of confirming the drilling results obtained by AMAX Gold in the late 1980s. Gold grades of 0.34 grams per tonne (g/t) (0.01 ounces per ton (opt) gold or better were intersected in 11 of the 17 holes over intervals ranging from 1.5 m to 12.2 m (5 to 40 feet). A nugget effect was observed in 4 of the holes. The two best holes encountered 7.62 m (25 feet) of 0.45 g/t (0.013 opt) gold, including 1.5 m (5 feet) of 1.10 g/t (0.032 opt) gold, and 3 m (10 feet) of 1.86 g/t (0.055 opt), including 1.5 m (5 feet) of 3.50 g/t (0.102 opt) gold. These intercepts were all encountered within approximately 30 m (100 feet) of the surface.
The latest drilling results are consistent with previous results obtained by AMAX. Accordingly, a second drill program is currently being planned with the objective of extending the known mineralized zone to the west and also to test some of the zones with quartz veining and significant old workings to the south. Drilling to depths of 90 m - 122 m (300 to 400 feet) is expected to test for vertical continuity.
The Dutch Flat Property consists of 114 mineral claims, covering approximately 953 hectares (2,355 acres), located in Humboldt County, approximately 32 kilometres (20 miles) northeast of the town of Winnemucca, Hot Springs Range, Nevada. The Dutch Flat claims cover all of the historic Dutch Flat mining district which had modest production of gold from both lode and alluvial sources during the early 1900's.
Andy Wallace is a Certified Professional Geologist (CPG) with the American Institute of Professional Geologists and is the Qualified Person under NI 43-101 who has reviewed and approved the technical contents of this news release. Mr. Wallace is a partner of Cordilleran Exploration Company ("Cordex"), which is conducting exploration and project generation activities for Columbus Gold on an exclusive basis.
ABOUT COLUMBUS GOLD
Columbus Gold Corporation is a gold exploration and development Company operating principally in Nevada. The Company has an experienced management group with a strong background in all aspects of the acquisition, exploration, development and financing of precious metal mining projects. Columbus controls a 100% interest, subject to royalties, in 20 gold projects strategically located along or near Nevada's most productive gold trends and 5 silver and copper projects located in Arizona and Utah. The Company's project activities are managed by Cordilleran Exploration Company ("Cordex"), owned and operated by John Livermore and Andy Wallace who have a long and successful history of gold discovery and mine development in Nevada.
The Company maintains active generative (prospecting) and evaluation programs and, as a key element of strategy, broadens exposure, minimizes risk and maintains focus on high priority prospects while seeking industry finance through joint ventures on selected projects. The Company currently has 11 of its projects joint ventured to major and junior mining companies.
ON BEHALF OF THE BOARD,
Robert Giustra, President & CEO, Director
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Victoria drills 10.95 g/t Au over 38.4 m at Cove-McCoy
2007-01-09 09:59 ET - News Release
Mr. Roger Richer reports
VICTORIA RESOURCE CORPORATION: DRILLING INTERSECTS HIGH GRADE GOLD AT COVE MCCOY, NEVADA
Victoria Resource Corp. has released the diamond drill results from its first two holes at the company's Cove-McCoy property located in north-central Nevada. The first hole, NW-1, is located approximately 550 metres northwest of the Cove mine open pit, which produced over 2.6 million ounces of gold and over 103 million ounces of silver between 1987 and 2001. Hole NW-3 is located about 245 metres west of NW-1 and about 800 metres west of the pit.
Hole NW-1 encountered multiple zones of mineralization, including several high-grade structurally controlled intervals, at depths ranging from 435.9 metres to 661.4 metres. The most significant interval in NW-1 is 38.4 metres containing 10.95 grams per tonne gold, including 10.4 metres containing 21.98 g/t gold. Hole NW-3 encountered 12.2 metres containing 4.96 g/t gold including 3.0 metres at 8.98 g/t gold at depths ranging from 564.2 metres to 574.5 metres. True widths are unknown at this time. The table outlines the significant intercepts of holes NW-1 and NW-3.
COVE-MCCOY PROJECT, NW-COVE TARGET AREA
From (metres) To (metres) Length (metres) Gold (g/t)
Hole NW-1 (083, -67)
435.9 661.4 225.6(i) 2.72
Incl: 435.9 557.8 121.9 1.21
Incl: 440.4 452.6 12.2 2.02
Incl: 470.9 483.1 12.2 2.35
Incl: 493.8 501.4 7.6 2.99
Incl: 522.7 524.1 1.4 5.42
Incl: 548.6 557.8 9.1 2.25
Incl: 557.8 661.4 103.6(i) 4.49
Incl: 576.4 581.9 5.5 3.42
Incl: 605.0 643.4 38.4 10.95
Incl: 605.0 615.4 10.4(ii) 21.98
Incl: 622.7 643.4 20.7(ii) 9.15
Incl: 653.8 656.9 3.0 2.30
Hole NW-3 (070, -55)
516.6 576.1 59.4 1.81
Incl: 545.6 576.1 30.5 2.82
Incl: 562.4 574.5 12.2 4.96
Incl: 562.4 565.4 3.0(ii) 8.98
1.7 million share cross on MMR today but it doesn't show up on the volume. Odd.
Consolidated Gold Win Ventures Inc.: Discovery-First Hole Ever Drilled at Dolly Varden Reveals Significant Width and Grade of 0.66% Copper Over 75 Feet
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 11, 2007) - CONSOLIDATED GOLD WIN VENTURES INC. (TSX VENTURE:CGW)(PINK SHEETS:CGWVF)(FWB:OUH) reports that it has received assay results from the Dolly Varden Claims, in Elko County, Nevada, from the first drill hole completed in December. This is the first hole ever to be drilled on the +3000 foot IP anomaly and is basically a "blind" discovery hole.
The ALS Chemex laboratories in Elko, Nevada processed the samples.
Copy over from Stockhouse regarding Dolly Varden
Last month CGW intersected over 300 FEET of MINERALIZATION with their FIRST (DISCOVERY) HOLE ever drilled on the property prompting a HALT trading based on a VISUAL INSPECTION of the core by consulting Geologists Laurie Stephenson (of Sutcliffe Resources) and William Timmins - both esteemed and extremely well respected geologists.
Preliminary partial samples returned up to 5.23% Cu in one of 5 short sections sent in to confirm the presence of Cu and other Minerals. The remainder of the 300 Feet of core is awaiting assay results.
Laurie has stated in CGW's last news release that quote, "Various other elements were associated with some of the samples including zinc (hundreds of parts per million in all except lowest), lead, bismuth, arsenic, molybdenum and barium suggesting that a SIGNIFICANT SOURCE to the over 300 FEET OF MINERALIZATION in the hole is STILL TO BE INTERSECTED.”
The point not to missed here is the, “… SIGNIFICANT SOURCE ….. STILL TO BE INTERSECTED.”
In other words this ‘SOURCE’ has yet to be determined and it is believed to lie beneath the more than 3,000 feet long, up to 1,000 foot wide and now known to be at least 300 feet thick ‘surface anomaly’.
Cloudbreak is now the THIRD company along with Consolidated Gold Win and recently announced Sidon International Resources to stake a claim around the discovery property.
The hope is that the SOURCE will be MASSIVE as the 300 foot of mineralization indicates from CGW’s discovery hole.
It can be likened to the ‘iceberg effect’ where 7/8 of the MASS lies unseen and beneath the visible portion.
Blair and Kamal (President of Sidon) are banking on the probability of the SOURCE extending beneath their respective claims.
The Dolly Varden claims are a ‘VIRGIN’ property adjacent to Kennecott’s past producing Victoria Copper/Gold Mine where average Copper grades exceeded 2%.
The exploration of this burgeoning area play will be two fold.
The huge ‘SURFACE ANOMALY’ which occurs on CGW’s property and now thought to occur on all three properties will be delineated by drilling already in progress by CGW and soon to be initiated by SD and CDB.
In the course of this drilling the expectation is that the SOURCE of these anomalies will be discovered and that is truly exciting to contemplate as this source could be a massive ‘elephant’ type deposit consistent with the discovery hole indicators.
Time will tell how big this source is but one thing is for certain - there will be increasingly heightened interest by investors and MAJORS alike as exploration and drilling continues to uncover more and more mineralization culminating in the discovery of the SOURCE of what could well turn out to be one of the largest economic Copper/Gold systems Nevada has seen in 50 years!
Cloudbreak gets option for 51% interest in Dolly claims
2007-01-03 16:27 ET - News Release
Mr. Blair Naughty reports
CLOUDBREAK OPTIONS GROUND ADJACENT TO CONSOLIDATED GOLD WIN VENTURES INC.'S DOLLY VARDEN PROPERTY
Cloudbreak Resources Ltd., pursuant to an option agreement dated Jan. 3, 2007, as between the company and Kokanee Placer Ltd., has acquired an option to purchase a 51-per-cent interest in 26 Dolly Varden West claims southeast of Elko, Nev. Under the option agreement, the company will pay Kokanee Placer $125,000, issue up to three million shares and complete $850,000 (U.S.) worth of exploration work over the next three years on the 26 claims.
The 26 claims cover approximately 520 acres, due west from the Dolly Varden property located 40 miles south from Wendover, Nev. The Dolly Varden property is a copper-gold skarn property located just south of the old Kennecott Victoria mine. Further information regarding the Dolly Varden property has been disclosed by Consolidated Gold Win Ventures Inc. and is available on SEDAR.
The geology of the 26 claims is consistent with that of Consolidated Gold Win Venture's property and a showing on the property has returned values of lead, silver and zinc in grab samples taken by Kokanee Placer.
President Blair Naughty states, "While the company remains focused on advancing our projects in both Turkey and Romania, the recent discovery made by Consolidated Gold Win presented an opportunity for the company to acquire a favourable land position in a virtually non-worked area of Nevada at an early stage."
Marvin Mitchell, a qualified person under National Instrument 43-101, has approved the contents of this news release.
LRG.V === Closed @ 1.68 === Picking Up Steam Again
http://www.stockscores.com/quickreport.asp?ticker=v.lrg
LMA.T === Closed @ 1.32 === Up 32% This Week
http://www.stockscores.com/quickreport.asp?ticker=t.lma
CTG.V === Closed @ .24 === Asset Rich Junior
http://www.stockscores.com/quickreport.asp?ticker=v.ctg
I don't think so. Look at the results from Mt Kare. More to come.
Dont forget this was .30 in August and there is a gap back there that hasnt been filled yet.
I think we see new 60 day low before we see a new 60 day high.
Madison drills 12.2 m of 6.35 g/t Au on Lewis
2006-11-15 16:50 ET - News Release
Mr. Chet Idziszek reports
DRILLING EXPANDS LEWIS GOLD MINERALIZATION
Madison Minerals Inc. is providing results for the initial set of 16 reverse circulation drill holes from its 2006 drilling program at its Lewis property in Nevada. Madison and its joint venture partner, Great American Minerals Inc., have completed 49 drill holes (both infill and step-out) totalling 31,690 feet during this most recent exploration program.
Drill results received to date have confirmed a third style of gold mineralization as splay structures associated with the Virgin structural zone. Of the current drill results available, holes MAD-43 and MAD-57 have successfully intersected one such mineralized splay, while MAD-45 has intersected a separate, subparallel mineralized splay structure 400 feet to the north.
As indicated within the following tables, gold results from the current set of available drill holes (MAD-34 to MAD-46 and MAD-55 to MAD-57) compare favourably with previous drilling results that had partially outlined two distinct mineralization styles within the extensive Virgin structural zone: steeply oriented, higher-grade mineralization and subhorizontal, lower-grade mineralization, all hosted by favourable stratigraphy. A third style of mineralization, discovered by recent drilling, is steeply oriented mineralized splays or cross structures that intersect the north-to-south-trending Virgin structural zone.
STEEPLY ORIENTED MINERALIZED ZONE
Hole No. From-to (m) Interval (m) Gold (g/t)
MAD-36 222.5-231.6 9.1 4.88
MAD-39 89.9-96.0 6.1 4.54
MAD-55 161.5-170.7 9.2 2.17
including 161.5-164.5 3.0 4.94
MAD-56 134.1-135.6 1.5 7.33
Hole No. From-to (m) Interval (m) Gold (g/t)
MAD-05 53.3-85.3 32.0 17.50
MAD-08 106.7-115.8 9.1 7.00
MAD-17 41.1-44.1 3.0 8.20
MAD-20 50.3-57.9 7.6 7.10
Hole No. From-to (m) Interval (m) Gold (g/t)
MAD-40 54.9-71.7 16.8 1.13
including 56.4-59.4 3.0 2.09
MAD-42 129.5-143.2 13.7 1.44
including 134.1-140.2 6.1 2.39
Hole No. From-to (m) Interval (m) Gold (g/t)
MAD-06 51.8-76.2 24.4 1.35
MAD-19 44.2-70.1 25.9 1.90
MAD-23 115.8-143.3 27.5 1.93
MAD-28 166.1-182.9 16.8 1.28
Hole No. From-to (m) Interval (m) Gold (g/t)
MAD-43 137.2-179.8 42.6 2.62
including 138.7-150.9 12.2 6.35
MAD-45 13.7-22.9 9.2 2.51
97.5-102.1 4.6 1.22
MAD-57 121.9-147.8 25.9 1.47
including 128.0-131.0 3.0 2.37
and 140.2-146.3 6.1 2.07
172.2-175.2 3.0 1.56
Miranda Gold Corp.: Drilling Expands Gold System at Miranda's Redlich Project
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 16, 2006) - Miranda Gold Corp. ('Miranda") (TSX VENTURE:MAD)(OTCBB:MRDDF)(FWB:MRG)(BERLIN:MRG) is pleased to announce results from the remaining six holes drilled on its Redlich project in the Walker Lane mineral belt, Esmeralda County, Nevada. These exploration holes were part of a fifteen hole, 10,975-foot (3,345-meter) reverse circulation drill program (holes R-75 through R-90) completed by Miranda's joint venture partner Newcrest Resources Inc. ("Newcrest"). Results from the earlier nine holes were reported on September 27, 2006.
Of particular note were intervals of 5 feet of 0.375 oz Au/t (1.5 meters of 12.85 g Au/t) within a 60-foot interval of 0.043 oz Au/t (18.3 meters of 1.47 g Au/t) in hole R-77, and 5 feet of 0.139 oz Au/t (1.5 meters of 4.77 g Au/t) and 5 feet of 0.191 oz Au/t (1.5 meters of 6.53 g Au/t) in hole R-90. All significant drill intercepts (defined as any mineralization grading 0.010 oz Au/t or better over 5-foot lengths) are presented in the following table:
C Level Bio to proceed with NXI buy as its QT
2006-11-14 17:41 ET - News Release
Mr. Daniel Pharand reports
C LEVEL BIO INTERNATIONAL HOLDING INC. ANNOUNCES DETAILS OF QUALIFYING TRANSACTION WITH NEVADA EXPLORATION INC.
Further to its preliminary news in Stockwatch on Oct. 11, 2006, C Level Bio International Holding Inc., a capital pool company, in accordance with the policies of the TSX Venture Exchange Inc. (TSX-V), is pleased to confirm that its board of directors has approved the transaction to acquire all of the issued and outstanding common shares of Nevada Exploration Inc. (NXI). This transaction will constitute the qualifying transaction of C Level.
The value of the transaction is estimated at $10.5-million, which will be entirely paid by issuing to holders of NXI shares a total of 70 million common shares of C Level at a price of 15 cents per C Level share (before consolidation).
As part of the acquisition and immediately following the exchange of shares, the C Level shares will be consolidated so that each shareholder shall receive one common share of C Level for every two common shares held by them. Other outstanding convertible securities of C Level (namely brokers' warrants issued to the agent Canaccord Capital Corporation as part of C Level initial public offering and options granted to the directors of C Level under C Level 2006 employees stock option plan) will also be consolidated using the same consolidation ratio as part of the consolidation.
These C Level shares to be issued pursuant to the acquisition include shares being issued to subscribers to NXI's non-brokered private placement which realized gross proceeds of approximately $2-million. Each subscriber in the non-brokered private placement paid an effective price of 15 cents per NXI share and also received, for each common share purchased, one-half of one common share purchase warrant entitling them (for each whole warrant held) to purchase an additional common share at an effective price of 22.5 cents (before consolidation) for a period ending 12 months after the closing of the acquisition.
In addition, NXI and C Level have entered into an agreement with Canaccord pursuant to which NXI intends to raise a minimum of $1-million and a maximum of $2-million by the issuance of units comprising one common share and one-half of one common share purchase warrant. Each subscriber in the brokered private placement will pay an effective price of 15 cents per NXI share. Each whole warrant will be exercisable, for a period of 18 months after the closing of the brokered private placement, into one common share of NXI at an exercise price equal to 30 cents per common share (before consolidation). Canaccord will receive a cash commission equal to 7 per cent of the gross proceeds received by NXI from the sale of the units. Canaccord will also receive agent's options to acquire that number of units equal to 8 per cent of the number of units sold under the brokered private placement. Assuming that the brokered private placement is fully subscribed, a total of an additional 13,333,333 NXI shares will be issued, which will result in a total of 83,333,333 C Level shares, prior to consolidation (41,666,665 after consolidation) being issued to acquire all of the NXI shares outstanding immediately prior to the completion of the acquisition. As there are currently 16.5 million C Level shares issued and outstanding, the total number of issued and outstanding C Level shares upon completion of the acquisition is expected to be 49,916,666 after consolidation.
The acquisition contemplates several additional items occurring upon its completion that will require the approval of C Level shareholders, including: (a) the change of name of C Level to Nevada Exploration Inc.; (b) changing the board of directors of C Level to nominees agreed upon pursuant to the acquisition (as described in this news release); (c) the consolidation of the C Level shares; and (d) such other matters as the parties may determine is necessary or advisable. An annual and special meeting of shareholders of C Level will be held for the purpose of approving the foregoing items, all of which will take effect, if approved, upon the completion of the acquisition.
Completion of the acquisition is subject to a number of conditions, including but not limited to the satisfaction of the minimum listing requirements of the TSX-V, TSX-V acceptance of the acquisition as C Level's qualifying transaction pursuant to its policies, receipt of gross proceeds of a minimum of $1-million pursuant to the brokered private placement, shareholders' approval of C Level as set out above and any other required approvals or consents.
There can be no assurance that the acquisition will be completed as proposed or at all. The acquisition is not a non-arm's-length transaction within the meaning of Policy 2.4 of the TSX-V as the directors and officers of C Level have no ownership or interest in NXI and, as such, shareholders' approval is not required for purposes other than in connection with the ancillary matters set out above, unless otherwise required by the TSX-V.
If a sponsor is required by the TSX-V, Canaccord Capital Corporation has agreed to act as the sponsor in compliance with applicable TSX-V rules and policies. An agreement to sponsor should not be construed as an assurance with respect to the merits of the acquisition or the likelihood of completion.
A filing statement in respect of the acquisition will be prepared and filed in accordance with Policy 2.4 of the TSX-V on SEDAR no less than seven business days prior to the closing of the proposed acquisition. A news release will be issued once the filing statement has been filed as required pursuant to TSX-V policies.
About NXI
NXI is a Toronto-based junior exploration company, constituted under the laws of the Province of Ontario, focused, through its wholly owned, Nevada-incorporated subsidiary Pediment Gold LLC on gold exploration in Nevada. NXI has 100-per-cent ownership interest in the mineral rights to two exploration properties in Nevada's major gold trends and is led by a highly experienced management team.
The Fletcher Junction property is located within the volcanic-hosted Aurora mining district along the Walker Lane gold trend. NXI controls the entire target with a land position consisting of a contiguous block of 342 unpatented lode claims (11.0 square miles), subject to a 1.25-per-cent net smelter return. NXI's geochemical sampling programs have shown highly anomalous gold in water, vegetation and soils along a four-mile-long target zone; 150 quartz vein boulder rock samples were collected from along the target zone and report highly anomalous gold up to 2.9 ounces per tonne (90.5 grams per metric tonne). Permitting with the United States Forest Service for 20 drill sites has been approved and is now in the final, bonding stage.
The Hot Pot property is located along the Battle Mountain-Eureka gold trend and lies approximately five miles northeast of Newmont's five-million-ounce Lone Tree mine. NXI has leased the exploration and mining rights on 3.4 square miles of private ranch land, which is subject to a total 4.25-per-cent net smelter return. NXI's first phase drilling encountered shallow, hydrothermally altered bedrock with geochemically anomalous gold of up to 369 parts per billion (0.369 g/mt.). Second phase drilling will be directed by the results of recent groundwater, soil and soil-gas chemistry surveys.
NXI's exploration team is led by Wade Hodges, chief exploration geologist. Mr. Hodges has over 30 years of field exploration experience, including 13 years as exploration geologist and senior exploration manager of Santa Fe Pacific Gold Corporation (now Newmont Mining Corporation -- NYSE: NEM), and he has been extensively involved in the initial discovery and premine development of nine gold mines in the Western United States, totalling more than 30 million ounces of gold. Ken Tullar, NXI's chief operating officer, has over 25 years of exploration experience including 20 years dedicated to gold exploration in Nevada. Mr. Tullar has worked for Nerco Minerals, Echo Bay Exploration and LAC Minerals, and was involved in the discovery and development of five gold mines with resources totalling more than seven million ounces of gold.
In conjunction with acquiring exploration rights on the two properties, NXI and its predecessor company have spent about $2-million to develop proprietary groundwater chemistry exploration technology and has completed the first ever survey of Nevada's groundwater chemistry. Management believes that the results of NXI's groundwater chemistry program are significant in that they have demonstrated that Nevada's gold deposits exhibit recognizable groundwater chemistry. NXI used this technology to identify the Hot Pot and Fletcher Junction targets and is moving forward to acquire exploration rights on additional targets that it has identified.
Proposed management and directors
As part of the completion of the acquisition, NXI's current management will assume management responsibility for the resulting public company and, subject to shareholders' approval, C Level's board of directors will comprise the persons listed below. The following are brief descriptions of the management team and the proposed nominees for directorships.
Wade Hodges, MSc, director, president and chief exploration geologist
Mr. Hodges is the former vice-president for exploration for Battle Mountain Gold Exploration Corp. (OTC-BB: BMGX). He has over 30 years experience in field exploration, including 13 years as exploration geologist and senior exploration manager of Santa Fe Pacific Gold Corporation (now Newmont Mining Corporation -- NYSE: NEM). Mr. Hodges has had extensive involvement in the initial discovery and premine development of nine gold mines in the Western U.S., totalling over 30 million ounces of gold.
Ken Tullar, BSc, chief operating officer and vice-president exploration
Mr. Tullar has over 25 years of exploration experience, including 20 years dedicated to gold exploration in Nevada. He has been involved in the discovery and development of five gold mines with resources totalling in excess of seven million ounces of gold. His resume includes eight years with major mining companies such as Nerco Minerals, Echo Bay exploration and LAC Minerals.
Daniel Pharand, CA
Mr. Pharand is a chartered accountant with over 25 years of experience, including as portfolio manager. Mr. Pharand was the chief financial officer of Pharmacia Canada and of Pharmacia KK (Japan). Mr Pharand was involved with Innovatech Grand Montreal over his five years as portfolio manager. Mr. Pharand is presently chief strategic officer at Cato Research, a contractual clinical research company with its headquarters in Durham, N.C.
Mr. Pharand also acted as a director and has served on various board committees including publicly traded issuers such as Bio 1 Inc. (now Aurelian Resources Inc. -- TSX-V: ARU), Corautus Genetics Inc. (Nasdaq: VEGF) and LAB International Inc. (TSX: LAB). Mr. Pharand is currently a director of Mistral Pharma Inc. (TSX-V: MPI) and is a director, president and chairman of the board of C Level.
Jean-Francois Pelland, LLB, DESS Fisc.
Member of the Quebec bar since 1994 and holder of a postgraduate tax degree, Mr. Pelland is a partner at McMillan Binch Mendelsohn LLP where he has a domestic and international business law practice focusing mainly on private and public equity financings, in addition to his more general transactional practice in mergers and acquisitions and tax.
Mr. Pelland also acted as a director of LAB International Inc. (TSX: LAB) and a member of its audit and corporate governance committees from 2002 to 2005. He is currently a director and secretary of the board of C Level.
David Carbonaro, LLB
David Carbonaro is a partner in the Toronto office of the law firm Heenan Blaikie LLP and has been practising in the corporate finance area for 20 years. In that period, Mr. Carbonaro has had significant experience financing many public and private companies, including in the resource sector.
In addition, it is contemplated that up to two additional directors will be added contemporaneous, or some time after the closing of the acquisition.
From an old Madison news release:
http://www.madisonminerals.com/html/archive/Madison_December_16_2003_PR.pdf
In order for Newmont to resume production from the Fortitude deposit, it will be necessary for
Newmont to come to some acceptable arrangement with Madison to acquire some or all of the Lewis
Property as Newmont will need to expand its present pit-limits in order to extract the balance of the
gold from the Fortitude pit.
Exploration of the Lewis Property has successfully outlined a geological environment identical to
that underlying the Phoenix-Fortitude Property, including a direct on-strike extension of the hosting
stratigraphy, controlling structures and mineralizing styles. As shown in the following table, drilling
results from the Lewis Property compare favourably with Newmont’s reserve grades at the Phoenix-
Fortitude Property. Many of Madison’s drill hole intersections, however, have returned gold grades
higher (over similar widths) than the average grade (0.034 oz/t gold) of the 6,000,000 ounces of mineable reserves reported by Newmont to be present at the Phoenix-Fortitude Property and some
are the highest grade gold intervals returned from the Battle Mountain Mineral Belt.
Previous results on Lewis
5 g/t over 14m
16 g/t over 32m
2 g/t over 85m
3 g/t over 69m
Some good stuff here on MMR
http://www.stockhouse.ca/bullboards/viewmessage.asp?no=13444254&t=0&all=0&TableID=0
Bravo Venture waits on rig to begin Nevada drilling
2006-09-21 15:33 ET - News Release
Mr. Joseph Kizis Jr. reports
BRAVO VENTURE GROUP INC.: THREE NEVADA PROJECTS PERMITTED FOR DRILLING
Bravo Venture Group Inc. plans extensive drill programs on three of its 13 projects (approximately 65 square miles) in the Battle-Mountain/Eureka (Cortez) gold trend. The company also is advancing several other Cortez projects to the drill-ready stage and expects joint venture partners, Placer Dome U.S. Inc. (Barrick), to drill test the Pete Hanson project in 2007.
Nevada projects:
Signal (100-per-cent Bravo) -- a drill permit and bond are in place for a first phase 3,500-metre reverse circulation drilling program initially scheduled to begin in August. The program has been delayed due to lack of availability of a track rig. Targets include north-trending normal faults near thick zones of anomalous gold drilled by previous operators and undrilled breccia bodies that contain hundreds of parts per million (ppm) to three grams per tonne (g/t) gold (Au) in surface grab samples. The project adjoins the western boundary of Barrick Gold's Ruby Hill property where the Archimedes mine is being readied for production;
Shoshone Pediment (earn-in by Bravo from Placer Dome U.S. (Barrick)) -- a drill permit and bond are in place for a mud rotary or reverse circulation hole to determine basement lithology, alteration and possible mineralization. The project is along the northwestern projection of gold mineralization hosted in Upper Plate rocks at White Knight's Slaven Canyon property. Geologic mapping suggests prospective Lower Plate rocks may underlie thin gravel cover at Shoshone Pediment;
HO (100-per-cent Bravo) -- a drill permit and bond are in place for a mud rotary or reverse circulation hole to determine basement lithology, alteration and possible mineralization based on Bravo's detailed surface geochemistry, detailed gravity and lineament study for this pediment-covered project. Although covered by pediment, HO is adjacent to exposed Lower Plate rock with gold at Red Hills;
Pete Hanson (Placer Dome U.S. (Barrick) earn-in) -- follow-up detailed mapping and rock chip sampling of exposed Lower Plate rocks are expected to bring this project to the drill-ready stage in 2007. Barrick is wholly financing the work and is operator;
Granite Mountain (100-per-cent Bravo) -- Agnico-Eagle has notified Bravo that it will not continue to explore the Granite Mountain property. Agnico-Eagle was not able to complete a deep reverse circulation hole to the planned depth of 730 metres due to stuck drill pipe; the hole targeted high-grade gold hosted by Lower Plate carbonates such as occurs in the nearby Cortez deposits. The hole was lost at 524 metres and a second hole was drilled to 293 metres to complete its drill committment. Both holes remained in Upper Plate rocks, but at least two different types of altered Tertiary porphyry dikes were encountered in the deep hole. Pathfinder geochemistry is typical for a Carlin-style gold system, and concentrations of gold and arsenic increase downhole from background levels of less than 20 parts per billion (ppb) to approximately 60 ppb Au with individual three-metre intervals of plus 100 ppb Au and background levels of less than 50 ppm arsenic (As) increasing to approximately 150 ppm As. Bravo currently is evaluating the drill data in detail; and
other Nevada projects (all 100-per-cent Bravo) -- targeting has been completed at Gabel, Three Bar and South Gold Bar, and permitting will begin. Detailed surface sampling has been completed at SF, with evaluation in progress. Compilation of historic drilling and additional fieldwork is planned for Temple and Shiva as time permits. Soil sampling is planned at the alluvial-covered North Lone Mountain for the spring of 2007.
In other news, core drilling is expected to resume this week at the Homestake Ridge property in northwestern British Columbia where the company earlier reported highlight intercepts of 14.8 metres of 15.7 g/t Au in HR 06-24 and 8.5 metres of 25.3 g/t Au, including 4.0 metres of 48.3 g/t Au in hole HR 06-27, a 70-metre offset to hole HR 06-24 (see news releases in Stockwatch dated Aug. 28, 2006, and Sept. 18, 2006) from its epithermal/VMS (volcanic massive sulphide)-related system hosted by Eskay Creek/Silbak-Premier stratigraphy. Assays from all core holes are slowly being received from the lab and will be the subject of separate news releases.
Surface work continues at the company's Woewodski project in southeast Alaska, following up surface samples containing multiounce gold values reported earlier (see news releases in Stockwatch dated Aug. 17, 2006). The property hosts both precious and base metal-rich massive sulphides and gold-rich orogenic quartz veins. Mechanical trenching is planned as soon as a modified permit has been received.
Joseph Kizis Jr. (PGeo) is the qualified person responsible for reviewing the technical results reported in this release.
We seek Safe Harbor.
Madison Minerals Inc.: Drilling Update-Lewis Property, Nevada Drill Program Expanded to 50,000 Foot Minimum
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 21, 2006) - Madison Minerals Inc. (TSX VENTURE:MMR)(OTCBB:MMRSF) is pleased to provide a drilling update on its Lewis Property in Landner County, Nevada. The Lewis Property is directly contiguous to the 8.5 million ounce Phoenix-Fortitude gold mine property of Newmont Mining Corporation.
To date, Layne Christensen Drilling Company has completed 25 diamond drill holes totalling just over 15,000-feet of the original 22,000-foot proposed exploration program. The majority of holes completed during this drilling phase are both lateral and along strike step-outs from previous Madison drilling along the Virgin Structural Zone. Results are pending and will be released once available. In addition, a series of NW oriented structural splays associated with the Virgin Structural Zone are also being targeted. Previous Madison drill hole MAD-5 tested one of these NW splays near its intersection with the Virgin Structural Zone returning a 105-foot interval grading 0.512 oz/t gold, (17.5 g/t gold over 32 metres).
Madison management is very pleased with the drilling progress and the extensive areas of alteration that have been intersected to date. As such, Madison and its joint venture partner, Great American Minerals, intend to drill approximately 28,000 additional feet once the original 22,000-foot proposed exploration program has been completed.
Significant results from previous drilling on the Lewis Property include:
---------------------------------------------------------
Interval Interval
Drill Hole (feet) Au (oz/t) (metres) Au (g/t)
---------------------------------------------------------
MAD-32 45 0.152 13.7 5.2
---------------------------------------------------------
MAD-08 30 0.205 9.1 7.0
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MAD-05 105 0.512 32 17.5
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MAD-31 150 0.189 45.7 6.5
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UTX-1 145 0.183 44.2 6.3
---------------------------------------------------------
MAD-18 280 0.065 85.3 2.2
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FWL-43 120 0.269 36.6 9.2
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MAD-20 225 0.101 68.6 3.5
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FWL-11 155 0.242 47.2 8.3
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FWL-34 50 0.135 15.2 4.6
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FWL-39 45 0.173 13.7 5.9
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Strategic Merchant shareholders approve name change
2006-08-01 22:22 ET - News Release
Mr. Neil Linder reports
STRATEGIC MERCHANT BANCORP LTD. NAME CHANGE TO STRATEGIC NEVADA RESOURCES CORP.
Strategic Merchant Bancorp Ltd.'s shareholders, at its special general meeting held on July 31, 2006, approved a name change from Strategic Merchant Bancorp Ltd. to Strategic Nevada Resources Corp. The company will trade under a new symbol SNS and the name change will be effective as of the market opening on Aug. 2, 2006. The name change reflects the company's transition from a merchant banking and investment company to a junior resource exploration and development company focusing on Nevada. The company is presently engaged in the acquisition, exploration and development of natural resource properties primarily in Nevada.
i think people are right to call PAIM the second PAIV, lol news should
be out soon about the o/s ans about the company it self...
The new sec reg. is catching shorts with their pants down!!!Especially
MMs and naked shorts!!Real and smart companies are taking effective
measures to stop the illegal activity that MMs and offshore MMs (such
as notorious Berlin) shorting stocks and bankrupting companies...Many
that are not scams and some even very good companies with good
potential....Seeing small companies finally having the means and using
them against crooked brokers is Quite refreshing...
Mexivada Permitting drilling at Round Mountain and Poker Flats in Nevada. They have several properties in established gold trends, such as at Carlin-Rain (Poker Flats), Round Mountain (Gold Junction, Jefferson, and Ziggurat), and south of Cortez-Eureka Trend(Freiberg Mine region), and a gold-uranium hybrid play up near Jackpot, Nevada.
Fri Mar 3, 2006
Gold Junction Drill Permitting Started, Round Mountain District, Nevada
--------------------------------------------------------------------------------
VANCOUVER - Mexivada Mining Corp. is pleased to announce that it has started permitting for reverse-circulation drilling on its Gold Junction property, which is located in the Round Mountain - Gold Hill area, Nye County, Nevada. The permitting should be complete by the end of April, and drilling could begin shortly thereafter, depending on the availability of a drill rig.
Mexivada has defined three large-scale open pit gold target areas at Gold Junction from geochemical anomalies and geophysical data collected by the company and interpreted by Wright Geophysics of Spring Creek, Nevada. The Company has also staked an additional five claims in one drill target area. Five old, apparently shallow rotary drill holes have been found on the Mexivada claim block, but none of these old drill holes tested any of Mexivada's defined targets. The depths to the tops of Mexivada's drill targets, from the surface of the pediment, are 100 to 150 metres. Two of the targets are argillic alteration zones with anomalous arsenic and gold geochemistry, along major fault zones. The third, "OP Target" is a large, mine-size scale zone of high CSAMT resistivity, which could represent either silicification-mineralization or an unexposed bedrock "high." Chips of weathered drill cuttings from two of the prior shallow rotary drill holes contained anomalous arsenic geochem values.
Mexivada has begun preparation of a Notice of Intent to Conduct Exploration with the U.S. Bureau of Land Management and the State of Nevada for the drilling of up to 50 holes on the property. The initial goal of the proposed program is to define the location of possible open-pittable oxide gold resources along the Gold Hill Connector range front pediment fault system, close to the intersection with the WNW-trending Moores Creek Rift structural zone, where epithermal gold-bearing silica veins are exposed. A secondary goal for Mexivada is to locate Gold Hill -- Moores Creek type gold vein systems that could be exploited by underground mining techniques. Maps and sections of the Gold Junction target areas are shown on Mexivada's website at www.mexivada.com.
The data herein and the contents of this press release have been reviewed by Richard R. Redfern, Certified Professional Geologist, who is a Qualified Person as defined in National Instrument 43-101.
About Mexivada Mining Corp.
Mexivada is a Canadian mineral exploration company focused on identifying, acquiring and advancing high-grade Gold-Silver, Molybdenum, and Uranium exploration projects in Mexico and Nevada. For further information: please visit our web site at www.mexivada.com or contact us by e-mail at info@mexivada.com.
Agnico-Eagle Completes First Phase of Drilling on Lincoln Gold's Buffalo Valley Property, Nevada
Thursday May 11, 11:17 am ET
CARSON CITY, NEVADA--(MARKET WIRE)--May 11, 2006 -- LINCOLN GOLD CORP. (OTC BB:LGCP.OB - News) is pleased to announce that Agnico-Eagle (USA) Ltd. has completed Phase 1 drilling on its Buffalo Valley property in the northern portion of the Battle Mountain-Eureka Trend in Nevada. The large exploration property consists of 7 1/2 alternating sections (square miles) and is in the vicinity of numerous gold mines and deposits controlled by Newmont, Barrick, Glamis, and Metallic Ventures.
Phase 1 drilling consists of five reverse-circulation drill holes:
Hole Number Hole Angle Hole Depth
----------- ---------- ----------
Hole BV-06-01 Vertical 1030 ft
Hole BV-06-02 Vertical 980 ft
Hole BV-06-03 Vertical 1040 ft
Hole BV-06-04 Vertical 1000 ft
Hole BV-06-05 -60 degrees 800 ft
Total Footage: 4850 ft
ADVERTISEMENT
Drilling is designed to test for disseminated/structurally controlled Carlin-type gold mineralization and possible gold skarn mineralization. All assays are pending.
Lincoln Gold Corporation is a US-based gold-silver exploration company located in Carson City, Nevada with five projects in various stages of exploration. Lincoln Gold presently owns or has options to acquire 100% interest in four projects in Nevada, all with potential for discovery of large gold-silver deposits, including Buffalo Valley, JDS, Jenny Hill and Hannah. The Company has also taken down an option on the La Bufa gold-silver property in the Guadalupe y Calvo district in Chihuahua State, Mexico.
LINCOLN GOLD CORP.
Jeffrey Wilson,Vice President and COO
This Press Release may contain, in addition, to historical information, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on management's expectations and beliefs, and involve risks and uncertainties. This news release may contain information about adjacent properties on which we have no right to explore or mine These statements may involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein. Key factors that could cause actual results to differ materially from those described in forward-looking statements are:
(i) the inability of the Company to complete the acquisition of any interest in any new mineral exploration properties;
(ii) the inability of the Company to achieve the financing required to pursue the acquisition of exploration of any new mineral properties;
(iii) the inability of the Company to complete the acquisition of Lincoln Gold;
(iv) the inability of the Company to raise the financing necessary to conduct exploration of the Lincoln Gold properties; and
(v) the presence of commercial mineralization on the Lincoln Gold properties.
Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release.
Contact:
Contacts:
Lincoln Gold Corp.
Investor Relations
(800) 689-1659
http://www.lincolngold.com
--------------------------------------------------------------------------------
http://biz.yahoo.com/iw/060511/0128681.html
Lincoln Gold, May 3, 2006 press release...
Lincoln Gold Corp.: Agnico Eagle Commences Drill Program at Company's Buffalo Valley Project in Nevada
Wednesday May 3, 12:05 pm ET
CARSON CITY, NEVADA--(MARKET WIRE)--May 3, 2006 -- LINCOLN GOLD CORP. (OTC BB:LGCP.OB - News) is pleased to announce that it has been informed by its joint venture partner, Agnico Eagle (USA) Ltd., that it is commencing a drill program on the Buffalo Valley property in the northern portion of the Battle Mountain-Eureka Trend in Nevada. The large exploration property consists of 7 1/2 alternating sections (square miles) and is in the vicinity of numerous gold mines and deposits controlled by Newmont, Barrick, Glamis, and Metallic Ventures. A 6,000 foot reverse circulation drilling program is planned to test for distal disseminated/structurally controlled (Carlin-type) gold mineralization within the Star Peak Group and/or Havallah Formation along the Buffalo Valley Axis Fault. This fault is a large, through-going structure that is related to mineralization in the area. Drilling will also test for Antler-hosted and/or Havallah-hosted gold-silver skarn mineralization. A total of eight holes are planned with six holes testing the Buffalo Valley axis fault and two holes testing for skarn mineralization in the northwest portion of the property.
Lincoln Gold Corp. is a US based gold-silver exploration company located in Nevada with five projects in various stages of exploration. Lincoln Gold presently owns, or has options to acquire 100% interest in four projects in Nevada all with potential for discovery of large gold-silver deposits including Buffalo Valley, JDS, Jenny Hill and Hannah. The Company has also optioned the La Bufa property in Chihuahua State in Mexico from Almaden Minerals Ltd. of Vancouver, Canada.
LINCOLN GOLD CORP.
Jeffrey Wilson, Vice President and COO
This Press Release may contain, in addition, to historical information, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on management's expectations and beliefs, and involve risks and uncertainties. This news release may contain information about adjacent properties on which we have no right to explore or mine These statements may involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein. Key factors that could cause actual results to differ materially from those described in forward-looking statements are:
(i) the inability of the Company to complete the acquisition of any interest in any new mineral exploration properties;
(ii) the inability of the Company to achieve the financing required to pursue the acquisition of exploration of any new mineral properties;
(iii) the inability of the Company to complete the acquisition of Lincoln Gold;
(iv) the inability of the Company to raise the financing necessary to conduct exploration of the Lincoln Gold properties; and
(v) the presence of commercial mineralization on the Lincoln Gold properties.
Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release.
Contact:
Contacts:
Lincoln Gold Corp.
Investor Relations
1-800-689-1659
http://www.lincolngold.com
http://biz.yahoo.com/iw/060503/0126857.html
Lincoln Gold Corp.: Kinross Plans Exploration Program for Jenny Hill, Nevada
Tuesday May 9, 12:18 pm ET
CARSON CITY, NEVADA--(MARKET WIRE)--May 9, 2006 -- LINCOLN GOLD CORP. (OTC BB:LGCP.OB - News) is pleased to announce that it has been informed by its joint venture partner, Kinross Gold Corporation, that it is continuing to develop drill targets on the Jenny Hill property located in the Black Hills in Mineral and Nye Counties, Nevada. The large claim block lies directly between the past producing gold mines of Paradise Peak and Denton Rawhide. Permitting for Phase 1 exploration drilling is planned for sometime in the second quarter of 2006 and drilling of 10 to 15 reverse-circulation holes is planned for the third quarter. Drilling will test for gold skarn and distal dissemination (Carlin-type) gold targets hosted in Triassic Luning Formation.
Lincoln Gold Corp. is a US based gold-silver exploration company located in Nevada with several projects in various stages of exploration. Lincoln presently owns, or has options to acquire 100% interest in four projects in Nevada all with potential for discovery of large gold-silver deposits including Buffalo Valley, JDS, Jenny Hill and Hannah. The Company has also optioned the La Bufa gold-silver property in the Guadalupe y Calvo district in Chihuahua State, Mexico.
LINCOLN GOLD CORP.
Jeffrey Wilson, Vice President and COO
This Press Release may contain, in addition, to historical information, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on management's expectations and beliefs, and involve risks and uncertainties. This news release may contain information about adjacent properties on which we have no right to explore or mine. These statements may involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein. Key factors that could cause actual results to differ materially from those described in forward-looking statements are:
(i) the inability of the Company to complete the acquisition of any interest in any new mineral exploration properties;
(ii) the inability of the Company to achieve the financing required to pursue the acquisition of exploration of any new mineral properties;
(iii) the inability of the Company to complete the acquisition of Lincoln Gold;
(iv) the inability of the Company to raise the financing necessary to conduct exploration of the Lincoln Gold properties; and
(v) the presence of commercial mineralization on the Lincoln Gold properties.
Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release.
Contact:
Contacts:
Lincoln Gold Corp.
Investor Relations
(800) 689-1659
http://www.lincolngold.com
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