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Cannon Exploration Announces Completion of Geological Survey; Starts Next Phase
Date : 06/10/2010 @ 8:30AM
Well Karen, it's over 3 months now! Oh, I forgot they have tons of gold in them hills, that's why Edwin is selling. Please give me a break. This is another Brownstone Resources, and you know it. We waited for months believing you, that Brownstone would come out with the drilling results. You know it don't take this long, so give us the GEO report on Cannon now!
I think they will recommend .46 However, I believe we will cut though .46 into new territory in the next 30 days!
What do you recommend now.....
Ask Karen what happened to her other company Brownstone Resources, trading at .0001. We been asking her for the drilling results for almost a year now. After 3 months her answer was if the company didn't put out the results, they must be bad! Brownstone Resources office is in Toronto, and they were drilling in Arizona! Hmmmm, what a coincidence.
Do your own DD...I'm out of here until I see some results.
My last post until.....GLTY
Now to get smitter in, lol.....
Welcome back bro...
No worries, someone just sold 300,000 at SFM*. Patience is King....
Thanks sphindog, do we ever time it perfect. I been averaging down, like Carnac and some of the others here. Remember a few weeks ago when someone started the false rumor of the GEO report being in, and it started running like a scared rabbit. It goes to show you there are a lot of investors on the sidelines that don't want to take the risk right now. They are waiting for the results, and don't mind paying a premium. When the report hits the street they will be all over Cannon, providing the results are good. I realize I am taking a big risk here. However, I have seen some pretty good samples leading up to this GEO report, so I feel it is very favorable to be good again. I don't want to be chasing this puppy on GEO DAY!....GLTY http://purelypennystocks.com/2010/05/25/cnex-cannon-exploration-company-profile-mining-sector-geo-surveys-are-coming/
Thanks Carnac, I hope this is our week to see the GEO report.
Opps, that ain't a good link. Try this and go to client reports. Click on the Kenora area of the map, and scroll down to International Precious Metals. It will show two reports pending, I hope we have two pending. However, I don't think we are in the Lower Manaitou Lake area. http://www.mci.mndm.gov.on.ca/claims/clm_mmen.cfm
If you look at this list, there is another location pending a report. However, I'm not sure if we are in the Lower Manitou Lake area. Carnac can probably give more insight to the claims. http://www.mci.mndm.gov.on.ca/Claims/Cf_Claims/clm_clr.cfm
Report is still pending GEO results. http://www.mci.mndm.gov.on.ca/Claims/Cf_Claims/clm_csd.CFM?Claim_View__Claim_Number=3013711%20&Div=10
Sphindog, it was nice talking to you on the phone this am. I want to be a little more transparent, so lets talk openly about our discussion, and consider this.
I will put my reputation on the line, and openly confess I am a born again christian. I know some hate me, and some love me, and I'm OK with that. Now that this board know how I feel about truth, and the truth does set you free. I want everyone to hold my words up high, because I answer to a much higher power. So let me begin.
I care about every investor here, and I don't want to see anyone loose their investment, so every one, newbies and longs should consider the risk.
I have never talked to Karen, Edwin or any insider in CNEX. I invested in CNEX because of the huge potential, and I still believe it could be huge! However, if we come up dry we loose.
You and I have discussed our concerns about some of the posters here, and what was their agenda. We can try all day long to guess, and we may never know the truth. Let's not be the final judge, and cast in stone what some are doing here. Our emotions play a big part in how we invest, so let us consider others more important then ourselves.
God Bless you bro....and GLTY
Go CNEX!
Lol, some just don't seem to get it....
I'm still here, added yesterday, and now up to 3 million. As I said before, huge risk = very huge reward. No one should invest more then they are willing to loose. I'm willing to loose it all, for the gain. If we get a good GEO report, which is due out any moment, I don't want to be chasing this investment. And I truly believe it will fly. We are trading at a 1.2 million market cap! We will be at a 10-15 million market cap in a flash!.....GLTY
Today you can buy Cannon for 2 million, tomorrow it will be 20 plus million!
lol, or another one of those Birdman Bob snow jobs!
lol, is To The Mars OK?
I'll be OK...
Got your Mylanta ready!....lol
alynnb, sticky post at the top says it all. Smitter has been keeping us all updated on the OS. We all knew it was going to get hot in the kitchen, and it may get hotter today. I'm always willing to loose it all, and trust me I have. If you hit, you hit big time. If were wrong on Cannon, well you know the end of the story.....GLTY
It's ah cumin around the bend....lol
Morning sphindog, and all. For every seller, there has to be a buyer. Someone is either out of their mind, or a deal is done! To take all those shares from the note holder, it was costly. So lets not panic, and see why someone was standing in the wings. I sure wasn't about to catch a hard falling knife. However, someone likes to play with knifes!
Lets see if we have another knife fight today, lol
When the blood settles, we should be off to mars!
Patience Grasshopper.....
BP
YES! No more catch flies with chopsticks....time to bring out fly swatter on shorts!
Everyone has an agenda...lol
Time to bring out fly swatter http://investorshub.advfn.com/boards/read_msg.aspx?message_id=53085952
It's all good....
Ask Karen...I believe it's our claim, and I'm watching this site for our Geo report to post. GLTY
No disrespect to smitter. However, I showed everyone where I got my my source of info from. GLTY
The Queen Alexandra property is located near the historic "Gold Rock" Mining Camp, about 100 kilometers south of the town of Dryden in northwestern Ontario, Canada. http://www.cannon-exploration.com/
http://www.mci.mndm.gov.on.ca/Claims/Cf_Claims/clm_csd.CFM?Claim_View__Claim_Number=3013711%20&Div=10
Cannon is giving us a heads up, this could be huge! Take it for what it's worth. However, to me it's definitely a buy and hold for the GEO report. Flipper beware! GLTY
The Queen Alexandra Project, which includes a formerly producing gold mine, is located just outside of Dryden in northern Ontario, near the Gold Rock Mining Camp in the Kenora Mining District. This area is structurally complex and has vast potential for base metal mineralization. The area hosts three past producing gold mines, over 15 prospects with shafts, underground development, and numerous gold showings.
The area has largely been excluded from any modern gold exploration programs and to date, very few drill programs have penetrated to depths of 1,000 feet. As a result, the area continues to be the subject of a great deal of exploration activity with over 50 companies with active programs. The combined efforts have yielded some very positive results, including significant gold intercepts as high as 18.85 g/tonne; numerous companies have reported examples of visible gold mineralization in core samples; potential new mineralized zones have been identified and several drilling programs have indicated excellent potential for continuous gold structures throughout these areas; and at least one preliminary economic assessment has been performed that confirms the potential for an economic gold deposit.
The Phase I programs that took place in May and June of this year were conducted to confirm the previous exploration activities of Cannon's former geologist and to ensure that all future activities are carried out in a NI 43 101 compliant manner. Additionally Cannon's consulting geologist located, prospected, and mapped the geological showings along the conductive zone.
I was real tired, sorry for the typo...
Sleep Tight CMKXers....
Queen Alexandra is located 100 kilometers south of Dryden, which puts you in the NAPANEE LAKE AREA http://www.mci.mndm.gov.on.ca/Claims/Cf_Claims/clm_csd.CFM?Claim_View__Claim_Number=3013711%20&Div=10
The Queen Alexandra property is located near the historic "Gold Rock" Mining Camp, about 100 kilometers south of the town of Dryden in northwestern Ontario, Canada. Gold was first discovered in the Manitou lakes region before 1894, and the local "gold rush" occurred from 1895 to 1912.Historically there were about 20 "mines" in the Gold Rock area which would currently be classified as prospects. There are 61 known gold showings, occurrences, prospects and deposits along the Upper Manitou Lake area (Gold Rock mining camp), including three past producers. Ninety percent of the known occurrences are located within what is referred to as the Manitou Straits Deformation Zone (MSDZ).The Queen Alexandra property is located within this zone.
BB, your welcome. I have to run, be back this afternoon to continue the research.
BP
A Stones Throw Away!
This could be Cannon soon;
Manitou Gold Makes New Discovery of 15.4 g/t Au Over 6.1 m at Kenwest
Wed Jul 7, 10:34 AM
SUDBURY, ONTARIO--(Marketwire - July 7, 2010) - Manitou Gold Inc. (TSX VENTURE: MTU.V) today reports assay results from thirteen diamond drill holes recently completed on the Kenwest Property located in northwestern Ontario. These results are highlighted by an excellent intercept in diamond drill hole KW-10-13, consisting of 15.4 g/t Au over a core length of 6.1 m, representing a significant discovery at the early stage of evaluating a large prospective land package. Visible gold was intersected in a majority of the 13 holes drilled, including hole KW-10-13, where it is associated with quartz veins contained within an envelope of sericite carbonate schist.
The Kenwest Property is located in the historic Gold Rock region, which was an active mining camp in the late 1890's and again in the 1930's. The area hosts three past producing gold mines, over 15 prospects with shafts, underground development, and numerous gold showings. The area has largely been excluded from any modern gold exploration programs.
These latest drilling results from Kenwest represent the first step in delineating multiple known mineralized zones in the Gold Rock mining camp. With a dominant land position in the camp and confirmation, from both grab samples and drilling, of extensive gold mineralization within its portfolio of properties, Manitou Gold is positioned to be at the forefront of the resurgence of mineral exploration and development at Gold Rock.
Sulphide mineralization associated with the gold bearing structure discovered in KW-10-13 is coincident with a prominent 400 metre long IP chargeability anomaly, which has only been tested with a single drill hole. The historic Helena shaft, located 200 metres to the northeast, is also situated on the same IP anomaly. Grab samples from the 2009 prospecting program returned values ranging from nil to 52.4 g/t Au from around the shaft area (see press release dated April 13, 2010) The discovery in hole KW-10-13 represents the first documented drilling on this relatively unknown gold bearing structure located between the Big Master #1 Shaft and the Helena Shaft.
Visible gold has been identified in five out of eight holes drilled to test the Big Master #1 mine horizon (including hole KW-10-13), consisting of widely spaced holes along 950 metres. The holes are all above the 200 metre level and the structure is open to the northeast, southwest and at depth. Visible gold has also been identified in two out of five holes drilled to test the Big Master #2 mine horizon, consisting of widely spaced holes along 450 metres of strike extent. The holes are all above the 175 metre level and the structure is open to the northeast, southwest and at depth. In addition, all 13 holes intersected structures and alteration consistent with a large scale gold system. A plan map depicting the IP chargeability, together with the holes drilled to date, can be seen in Figure A to this press release.
To view Figure A, please click the link below:
http://media3.marketwire.com/docs/FigureA.pdf
A summary of the results of drilling to date on the Kenwest Property are detailed in the following table:
------------------------------------------------------------------
Table 1: Summary of drill assay results
------------------------------------------------------------------
DDH From To Width(i) (m) Au g/t
------------------------------------------------------------------
KW-10-01 107.4 113.5 6.1 1.1
------------------------------------------------------------------
KW-10-01 132.6 133.7 1.1 1.0
------------------------------------------------------------------
KW-10-02 46.9 51.5 4.6 1.1
------------------------------------------------------------------
KW-10-03 77.0 79.0 2.0 0.7
------------------------------------------------------------------
KW-10-03 82.5 84.0 1.5 5.0
------------------------------------------------------------------
KW-10-04 126.7 131.5 4.8 1.5
------------------------------------------------------------------
KW-10-05 212.5 213.0 0.5 2.2
------------------------------------------------------------------
KW-10-06 53.5 57.1 3.6 0.6
------------------------------------------------------------------
KW-10-07 No significant assays (geophysical target)
------------------------------------------------------------------
KW-10-08 No significant assays (geophysical target)
------------------------------------------------------------------
KW-10-09 254.8 258 3.2 1.2
------------------------------------------------------------------
KW-10-10 44.8 49.0 4.2 2.7
------------------------------------------------------------------
KW-10-11 107.5 108.5 1.0 2.1
------------------------------------------------------------------
KW-10-12 56.3 60.3 4.0 1.3
------------------------------------------------------------------
KW-10-13 135.8 141.9 6.1 15.4
------------------------------------------------------------------
(i)Intervals reported are core lengths; true widths of
mineralization are not known.
Drilling will continue throughout the summer field season. The widely spaced drill program is currently testing a number of gold bearing structures related to the larger Manitou Straits Deformation Zone, which extends for over 35 kilometers.
The balance of the Kenwest drill program will consist of testing a number of showings and geophysical targets, including the Gold Rock (occurrence) Shaft and the Selby Shaft. Upon completion of drilling on the Kenwest Property, drilling will commence on the Canamerica Property, to test the E and F zones. The E-zone has an historical resource with estimates of 143,685 tonnes grading 5.21g/t Au to 529,650 tonnes grading 3.20g/t Au (Fox, 1987) (considered to be historic estimates pursuant to National Instrument 43-101 - see additional disclosure below). The Company anticipates releasing further results from this first phase of drilling over the coming months, as they become available.
About Manitou Gold
Manitou Gold Inc. is a well-funded gold exploration company focused with a dominant land position in the Gold Rock Mining Camp, located in the Kenora Mining District, in Northwestern Ontario. The Company's largest shareholder is Goldcorp Inc, who holds a 15% interest in the Company.
The Qualified Person responsible for the technical content of this news release is Todd Keast, P. Geo., Vice President, Exploration of Manitou Gold Inc. Mr. Keast has verified all of the technical data contained in this release.
The Company has implemented a quality control program to ensure best practice in sampling and analysis. Assayed samples are transported in security sealed bags for preparation and analysis at ALS Chemex facilities. ALS Chemex is an ISO 9001-2000 and ISO 17025 registered laboratory. A prepared sample is digested with aqua regia. The resulting solution is analyzed by inductively coupled plasma-atomic emission spectrometry.
The Company considers historical estimates to be relevant, as they provide an indication of historical mineralization having existed on the Company's property. However, the Company is not treating these historical estimates as current resources. This historical estimate should not be relied upon by any party as an indication of a current resource.
Statements in this release that are forward-looking statements are subject to various risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with the uncertainty of exploration results and estimates and that the resource potential will be achieved on exploration projects, currency fluctuations, dependence upon regulatory approvals, the uncertainty of obtaining additional financing and exploration risk. Readers should also refer to the specific factors disclosed under the heading "Risk Factors" in the Company's filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume any obligation to update any forward-looking statements, save and except as may be required by applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts
Richard Murphy
Manitou Gold Inc.
President and CEO
705-222-8800
705-222-8801 (FAX)
info@manitougold.com
www.manitougold.com
Great post...The Kenora District of northwestern Ontario has a wide basket of commodities in dormant deposits being targeted in gold, copper, nickel and platinum group metals, volcanic massive sulphides, lithium-feldspar, iron, molybdenum, uranium and even diamonds.
Dryden Knows Cannon!
http://nwontdestinations.net/page/dryden-ontario.html
Phoenix Knows Cannon!
http://phoenix10.cityspur.com/tag/queen-alexandra/