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guess this is why...
FIELDEX SAMPLES UP TO 11 GRAMS PER TON OF GOLD IN NORTHERN QUEBEC – CONTINUES DRILLING
Rouyn-Noranda, Quebec, March 5th, 2008. Fieldex Exploration Inc. (FLX :TSXV and F7E : Frankfurt ) is pleased to announce additional grab samples results from a 1.3 metre wide quartz breccia vein structures hosted in a quartz monzonite intrusive complex at the Temiscamingue property located in Northern Quebec.
Two grab samples 3793 and 3794 are 25 metres apart and returned 10.97 and 10.23 grams of gold per ton with significant silver.
Sample No. Gold (g/t) Silver (g/t)
3793 10.97 22.7
3794 10.23 34.3
The Guimond gold showing is on ground held by Superior Diamonds, of which Fieldex has 100 per cent of the gold rights, with Superior entitled to a 2-per-cent net smelter royalty.
Drilling
Fieldex has also completed the first hole of a 500-metre drill program on the Guimond project.
The first hole, collared at minus 45 degrees, intersected at 122.40 m to 123.50 m a quartz epidote vein with disseminated pyrite. The vein is similar to the vein in surface which returned value cited above. Several similar quartz epidote with sulphide veins were also encountered along the hole and could contained gold values as well. Core samples will be sent to Techni-Lab with assay results expected shortly. The next series of holes will target the East Vein structure, approximately 100 feet (33 metres) away from the old working (trenching), on a 50-foot-by-50-foot step-out pattern to delineate and determine the continuity of grade within the gold-bearing zone. Additional exploratory drilling to determine the strike extent of the vein structures i! s also p lanned from strategically located drill pads.
Quality control
Assay samples are taken from drill core sawed in half with one half sent to a commercial laboratory and other half retained for future reference.
Qualified person
The Temiscamingue projects are being supervised by Laurent Hallé P.Geo, the qualified person for these projects.
About Fieldex:
Fieldex is a mineral resource company actively exploring in Quebec for nickel-copper-platinum group metal deposits located through out Northern Quebec, representing over 600 km². FNX Mining Company owns 6 500 000 shares of Fieldex Exploration Inc.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
For more information, please contact:
Martin Dallaire, eng
President & CEO Tel.: (819) 762-0609
Fax: (819) 762-0097
mdallaire@fieldexexploration.com
www.fieldexexploration.com
good morning everyone... flx working today...
some t/a for exm.v courtesy SH poster...looking more bullish than in quite some time...
hsb
*************************************************************
Some signs of life finally appearing here with the bullish cross occurring on the MACD the other week along with increasing volume as the near term warrants get processed. Friday's price action was particularly telling with the first test of the 50dma on heavy volume.
RSI is now in positive territory with stochs close behind. Also of note is the major bullish divergence on the MACD over the past 6 months coupled with a descending wedge, which is also a bullish chart formation. A couple of closes above 30 cents should serve to get the ball rolling here.
Significant price points going forward are 30, 35, 40, 48, 56, and 64 cents.
Here's the chart:
http://stockcharts.com/h-sc/ui?s=exm.v&p=D&yr=2&mn=0&dy=0&id=p96367309818
everybody likes well rounded bottoms right???
spotted lately for gvg(exquisite...lol), exm
can nvt gvg aix all working today...
HAT opening should be good...1.75 premarket, closed at 1.30 pre halt.
HATHOR EXPLORATION LTD
Hathor Exploration Limited: Midwest NorthEast Project-11.9 Metres of 5.29% U3O8
3/3/2008
VANCOUVER, BRITISH COLUMBIA, Mar 3, 2008 (Marketwire via COMTEX News Network) --
Hathor Exploration Limited (TSX VENTURE:HAT) announces that it has received U3O8 assay results for uranium mineralization encountered in diamond drill hole MWNE-08-12 on its 90%-owned Midwest NorthEast project (see Hathor news release NR08-07, dated February 26, 2008). This drill hole intersected 11.9 metres grading 5.29% U3O8 beginning at 261.5 metres. In addition, individual assays include 20 cm grading 40.2% U3O8 beginning at 251.9 metres.
High-grade uranium mineralization in hole MWNE-08-12, the 12th hole of a planned 24-hole program, occurs in basement rocks that are a heterogeneous mix of variably clay-altered to clay-replaced pelitic gneiss, graphitic pelitic gneiss, granitic pegmatite and micro-granite.
Ninety-five (95) split core samples were taken from drill hole MWNE-08-12 over a continuous interval that extends from 240.6 to 287.0 metres down the hole. The individual sample intervals range from 0.2 to 1.0 m in length, except for one assay that was 0.1 m. True thicknesses of the mineralized core intervals are not yet known.
All samples were analysed for U3O8 (wt%) at the Geoanalytical Laboratories of the Saskatchewan Research Council (SRC). The facilities used for the analysis operate in accordance with ISO/IEC 17025:2005 (CAN-P-4E), General Requirements for the Competence of Mineral Testing and Calibration Laboratories. The samples were analysed using their ISO/IEC 17025:2005 accredited U3O8 wt% method. Laboratory method quality control included the insertion of certified reference materials applicable for the ranges of mineralization encountered. Check assays were carried out on five samples by the laboratory and two duplicate samples submitted by Hathor, all with satisfactory reproducibility. All samples are being analysed for a suite of other elements including Ni, Co, Cu, and Pb.
Summaries of the U3O8 assays within the 46.4 metre mineralized zone intersected in drill hole MWNE-08-12 are given in Tables 1 and 2. All ninety-five assays from the mineralized zone are listed in Table 3 at the end of this news release.
Table 1: Composited intervals in drill hole MWNE-08-12 at a cut-off value of 0.05 wt% U3O8 and minimum core length of 3.0 metres.
From To Interval U3O8
(m) (m) (m) (wt%)
242.0 245.3 3.3 1.16
250.6 256.0 5.4 2.07
261.5 273.4 11.9 5.29
278.0 281.0 3.0 0.058
284.0 287.0 3.0 0.207
Table 2: Six highest values for individual sample intervals in drill hole MWNE-08-12.
From To Interval U3O8
(m) (m) (m) (wt%)
251.9 252.1 0.2 40.20
261.7 261.9 0.2 28.20
262.3 262.6 0.3 28.40
269.4 269.6 0.2 20.40
271.4 271.6 0.2 27.20
271.8 272.0 0.2 29.80
Hathor Exploration's Senior Project Geologist, Dr Alistair McCready, commented: "The technical importance of this discovery can not be overstated. This discovery was made using a combination of new innovative exploration techniques following the re-examination of historic drill core with a fresh perspective. The mineralization represents a non-traditional, non-conductive target where no airborne EM anomalies are present, a new style of target for the Athabasca Basin. It signifies the need for exploration methodologies to evolve and utilize modern, cutting-edge techniques, such as reflection seismic to find structure - the key to these deposits."
Barry Cook, P.Eng., of Scott Wilson Roscoe Postle Associates Inc., a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical disclosure contained in this news release.
Hathor's Midwest NE project is located in northern Saskatchewan's Athabasca Basin immediately adjacent to the Midwest property of AREVA Resources Canada Inc., Denison Mines Corp. and OURD Canada Co. Ltd. There, subject to regulatory approvals, mine site construction is slated to begin in mid-2009 and open-pit mining of a shallow (depth of about 200 metres) orebody is planned for early 2010. Points North Landing, a regional service centre to the region, is located about eight kilometres from Hathor's Midwest NE property and the modern, AREVA-operated McClean Lake uranium mill facilities are located approximately 10 kilometres to the east.
The current Midwest NE winter exploration program includes about 8,000 metres and utilizes two diamond drills contracted from Boart Longyear Inc., a global drilling company. Hathor has now completed in excess of 4,000 metres of diamond drilling in 14 of a planned 24 NQ-sized diamond drill holes. Holes completed to date are a combination of vertical and angled holes that dip approximately 70 to 80 degrees to the NW or NNW. Drill hole depths to the unconformity range from about 200 to 226 metres. Terra Ventures Inc. (TSX VENTURE:TAS) owns an 8% production carried interest in the Midwest NorthEast property.
With capital resources of approximately Cdn $20 million, Hathor continues to aggressively advance its portfolio of eleven Athabasca region uranium exploration projects. This area accounts for approximately 25% of the world's annual mine production of uranium. All of this production comes from unconformity-style uranium ore deposits, the highest-grade uranium ore deposits in the world.
Hathor Exploration Limited
Stephen G. Stanley, Director
Table 3: Drill hole MWNE-08-12 U3O8 assay results.
Core U3O8
From To Length (m) (wt%)
240.6 241.0 0.4 0.011
241.0 241.5 0.5 0.007
241.5 242.0 0.5 0.030
242.0 242.5 0.5 0.331
242.5 243.0 0.5 0.064
243.0 243.5 0.5 1.76
243.5 244.0 0.5 1.28
244.0 244.5 0.5 0.042
244.5 244.6 0.1 2.07
244.6 245.0 0.4 4.63
245.0 245.3 0.3 0.142
245.3 245.7 0.4 0.032
245.7 246.5 0.8 0.008
246.5 247.0 0.5 0.002
247.0 248.0 1.0 0.002
less than
248.0 249.0 1.0 0.001
less than
249.0 250.0 1.0 0.001
250.0 250.6 0.6 0.016
250.6 250.9 0.3 1.99
250.9 251.9 1.0 0.025
251.9 252.1 0.2 40.2
252.1 253.0 0.9 0.088
less than
253.0 254.0 1.0 0.001
254.0 254.2 0.2 0.020
254.2 254.4 0.2 3.67
254.4 254.7 0.3 0.199
254.7 255.0 0.3 0.012
255.0 255.6 0.6 0.007
255.6 255.8 0.2 7.60
255.8 256.0 0.2 0.579
256.0 256.5 0.5 0.002
256.5 257.0 0.5 0.002
257.0 258.0 1.0 0.004
258.0 259.0 1.0 0.012
259.0 260.0 1.0 0.014
260.0 261.0 1.0 0.010
261.0 261.5 0.5 0.007
261.5 261.7 0.2 7.84
261.7 261.9 0.2 28.2
261.9 262.1 0.2 14.1
262.1 262.3 0.2 6.98
262.3 262.6 0.3 28.4
262.6 263.0 0.4 0.785
263.0 263.4 0.4 0.052
263.4 263.8 0.4 0.015
263.8 264.0 0.2 17.3
264.0 264.2 0.2 0.010
264.2 264.6 0.4 0.081
264.6 265.0 0.4 0.048
265.0 265.4 0.4 0.084
265.4 265.6 0.2 15.0
265.6 266.0 0.4 0.005
266.0 267.0 1.0 0.005
267.0 267.5 0.5 0.094
267.5 268.0 0.5 0.844
268.0 268.5 0.5 0.027
268.5 269.0 0.5 0.025
269.0 269.2 0.2 0.043
269.2 269.4 0.2 2.74
269.4 269.6 0.2 20.4
269.6 269.8 0.2 13.6
269.8 270.0 0.2 0.013
270.0 270.2 0.2 0.888
270.2 270.5 0.3 0.003
270.5 271.0 0.5 0.374
271.0 271.2 0.2 15.6
271.2 271.4 0.2 0.110
271.4 271.6 0.2 27.2
271.6 271.8 0.2 13.3
271.8 272.0 0.2 29.8
272.0 272.2 0.2 6.12
272.2 272.4 0.2 7.46
272.4 272.6 0.2 11.5
272.6 272.8 0.2 9.19
272.8 273.0 0.2 13.2
273.0 273.2 0.2 5.70
273.2 273.4 0.2 0.299
273.4 273.6 0.2 0.008
273.6 273.8 0.2 0.033
273.8 274.0 0.2 0.022
274.0 275.0 1.0 0.015
275.0 276.0 1.0 0.030
276.0 277.0 1.0 0.003
277.0 278.0 1.0 0.014
278.0 279.0 1.0 0.033
279.0 280.0 1.0 0.020
280.0 281.0 1.0 0.122
281.0 282.0 1.0 0.011
282.0 283.0 1.0 0.027
283.0 284.0 1.0 0.005
284.0 285.0 1.0 0.006
285.0 286.0 1.0 0.039
286.0 286.5 0.5 0.901
286.5 287.0 0.5 0.252
SOURCE: Hathor Exploration Limited
Hathor Exploration Limited Stephen Stanley Director (604) 684-6707 Hathor Exploration Limited Tony Nunziata Investor Relations (403) 560-7040 Website: www.hathor.ca
Copyright (C) 2008 Marketwire. All rights reserved.
seems like Mr Turko has taken a liking to MNL during the nervous nellie sell off this past week...lol...
hsb
Monarch Energy Limited (MNL)
As of March 1st, 2008
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Feb 28/08 Feb 28/08 Turko, Allan Michael Direct Ownership Common Shares 10 - Acquisition in the public market 206,000 $0.095
Feb 28/08 Feb 28/08 Turko, Allan Michael Direct Ownership Common Shares 10 - Acquisition in the public market 43,000 $0.095
Feb 28/08 Feb 27/08 Turko, Allan Michael Direct Ownership Common Shares 10 - Acquisition in the public market 1,000 $0.095
Feb 28/08 Feb 27/08 Turko, Allan Michael Direct Ownership Common Shares 10 - Acquisition in the public market 33,000 $0.100
Feb 28/08 Feb 26/08 Turko, Allan Michael Direct Ownership Common Shares 10 - Acquisition in the public market 97,000 $0.105
Feb 28/08 Feb 26/08 Turko, Allan Michael Direct Ownership Common Shares 10 - Acquisition in the public market 170,000 $0.100
Feb 28/08 Feb 26/08 Turko, Allan Michael Direct Ownership Common Shares 10 - Acquisition in the public market 156,000 $0.095
Jan 22/08 Aug 06/04 Foy, Kaare Direct Ownership Common Shares 00 - Opening Balance-Initial SEDI Report
Jan 22/08 Nov 21/07 Foy, Kaare Direct Ownership Common Shares [Amended Filing] 10 - Acquisition in the public market 22,500 $0.165
Jan 22/08 Nov 19/07 Foy, Kaare Direct Ownership Common Shares [Amended Filing] 10 - Acquisition in the public market 27,500 $0.165
I notice there is a new interview on KS posted on the smartstox website you may find interesting.
http://www.smartstox.com/
Thanks $treet, glad i found you guys again...
Hey I wondered what happened to this board, if i remember correctly it used to be under the cdn stocks "misc" heading then one day poof gone I thought maybe it had been deemed a problem by the central scrutinizers...anyways hope all are doing well...jr market looking definately looking better last few days so hopefully a healthy spring recovery for those cos cashed up and those that can raise $$$ in this tighter credit mkt...
hsb
From a ta point of view neither are particularly compelling...ks has a lot of overhead resistance(0.35-.40c region) just above the area it's now trading in and hasn't been higher than .85 in what looks to be the last 3 years(.25-.27 level) would have been a decent entry point)...avl same thing lots of oh resistance at 1.50-1.70 region so you'll have to see some pretty impressive volume numbers before those ranges are left behind...my 0.02c from a t/a point of view...of course I don't know the companies or their prospects just know what the charts are telling me...
hsb
Pat Boswell from IFR comments on the Canaccords analyst take on the Maria drilling...reprinted from SH...
Jump to GUL Forum
SUBJECT: Pescod today Posted By: snafur
Post Time: 2/27/2008 16:40
« Previous Message Next Message »
Pat Boswell shoots back:
We find a quite interesting comment from Pat Boswell, regarding
the recent drilling of Maria that took longer than expected,
was tougher than expected and even when they had
some results, they were controversial. Here from Pat Boswell,
President of International Frontier Resources are his words
regarding the drilling of that well with partners Petro-Canada
and Gulf Shores Resources: “In my humble opinion your
comments on the Maria 15/18a-12 well do not tell the whole
story. The facts are, from the get go the well was never engineered
to be a producing well-bore. Our farmin agreement
clearly stated that the well was an evaluation well and
that it would be plugged and abandoned irrespective of
results.
I would point out that this is common practice in the
North Sea; in fact I would guess that 90% of the exploration/
appraisal wells drilled in the North Sea are plugged
and abandoned. It is very difficult to get the UK regulatory
bodies to approve suspending wells unless there
are immediate plans to place the field on stream. The
objective of the Maria well was to A) establish an oil/
water contact – this was achieved showing a consistent
oil/water contact in the pool as we know it today B) establish
fluid composition – achieved as oil (probably 37
degree API) and gas was recovered on MDT testing and
C) sand thickness – 45 feet of oil and 15 feet of gas in
an area near wellbore – who knows what’s 1-2 or 3 kms
away. As I mentioned we have to complete our G&G
review.
It is worth noting that when we drilled the Summit Creek
B-44 discovery well, the then operator recommended
abandoning the well with no further drill stem testing.
After numerous debates/arguments the well was DST’d,
further production testing resulted in flow rates of 20
MMCF/D and 6300 BOPD of light oil or condensate --- a
good lesson learned. If you look in the rear view mirror
Oilexco’s Brenda field was initially thought to be small,
Oilexco has certainly proved industry wrong and the
field may in fact be 5-10 times larger than everyone initially
thought. Oilexco had the foresight to drill lateral
wells to define the pool boundaries, which as history
has taught us, was the right way to go as seismic resolution/
modeling can not always see thinner channel
sands.
Now to the point is Maria a little sister of Brenda, we do
not know at this point in time. What we do know is that
Maria is located within the same regional channel system
as the McCullough and Brenda oilfields. We also
know that we have excellent reservoir sands (30-35%
est. Porosity) and have discovered oil and gas in the
Maria well, how big it is remains to be seen and in my
opinion we will not find that out until an appraisal well
and possibly lateral wells are drilled.”
continuing to patiently accumulate AIX.v on any selloffs...this one will do better longer term...
hsb
This futher elaboration release clarifies the status of this well as exploratory in nature, was never intended to be a producing well...just scoping out the structure and what they are dealing with...
hsb
=======================================================================
Re: News Releases - Monday, February 25, 2008
GULF SHORES ELABORATES ON STATUS OF NORTH SEA UK WELL 15/18a-12 =======================================================================
Further to the news release issued this morning the Company wishes to point out that under the terms and conditions of the farmout agreement entered into with Petro-Canada UK Limited the 15/18a-12 well was intended to be drilled, logged, tested, and plugged and abandoned. The plugging and abandonment of successful exploration/appraisal wells is common practice in the North Sea.
Preliminary interpretation of logs indicates that a 60 foot hydrocarbon column was encountered in the targeted Lower Forties reservoir, of which 45 feet is interpreted as oil pay and 15 feet is interpreted as gas pay. Reservoir sands are described as excellent quality. A modular formation dynamics testing tool ("MDT") provided samples of both oil and gas in the Lower Forties. The oil/water contact in the 15/18a-12 well appears to be the same as the contact established in the 15/18a-8 well drilled one kilometer away to the south-east, thereby establishing one continuous pool. The Company will integrate well information into geological and geophysical models to determine future operations and
commerciality.
As a result of Gulf Shores paying 11.11% of the cost to drill, log, test and plug and abandon the well, the Company has earned an 8.33% interest in block 15/18a which includes a fallow Jurassic discovery that tested 6,650 barrels of oil per day (BOPD) and 10,000 MCF of gas per day.
ON BEHALF OF THE BOARD
"MICHAEL TURKO"
Michael Turko
President
well what do you know they finally hit one...of course if you'd look at the market you could be fooled into thinking they missed...see the next clarification release which I will post next...came out a few hours after the one below...
=======================================================================
Re: News Releases - Monday, February 25, 2008
North Sea UK well 15/18a-12
=======================================================================
Gulf Shores Petroleum (UK) Limited, a wholly owned UK subsidiary of Gulf Shores Resources Ltd. provides the following update on the
15/18a-12 (Maria) well.
The well reached total depth of 5,865 feet measured depth (MD) on February 17, 2008 with logging operations completed on February 23, 2008. During drilling operations severe hole problems were encountered, and as a result a neutron density log was not acquired.
Preliminary interpretation of logs indicates that a 60 foot hydrocarbon column was encountered in the targeted Lower Forties reservoir, of which 45 feet is interpreted as oil pay and 15 feet is interpreted as gas pay. Reservoir sands are described as excellent quality. A modular formation dynamics testing tool ("MDT") provided samples of both oil and gas in the Lower Forties. The oil/water contact in the 15/18a-12 well appears to be the same as the contact established in the 15/18a-8 well drilled one kilometer away to the south-east, thereby establishing one continuous pool. The Company will integrate well information into geological and geophysical models to determine future operations and
commerciality.
Pursuant to the terms of the 15/18a farmin agreement Gulf Shores was required to pay 11.11% of the cost to drill, log, test, and plug and abandon the well to earn an 8.33% interest in Block 15/18a, earning has now occurred. As per the original drilling program filed with BERR the well is being plugged and abandoned and the rig will be released and transported back to Ivergordon, Scotland.
Acquisition of 3-D seismic has commenced in Quad 30. Gulf Shores is paying 20 per cent of the cost of acquiring new 3-D seismic and 13.33 per cent of the cost of drilling a test well to earn a 10-per-cent interest in the 422-square-kilometre (approximately 104,000-acre) block. Recently acquired seismic indicates the block contains several Jurassic and Permian plays. A well drilled into one of the Jurassic plays logged oil before the well was abandoned due to insufficient zone thickness. 3-D seismic on the block indicates that the Jurassic thickens to the northwest of that well. Lundin Petroleum AB is the operator of this project.
As part of its continuous active exploration program in the North Sea, Gulf Shores continues to review other North Sea exploration projects.
ON BEHALF OF THE BOARD
"MICHAEL TURKO"
Michael Turko
President
For further information, please contact Mr. Gerald Otterman at (604) 683-3309.
Email: gulfshores@net-conex.com; www.gulfshoresresources.com
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
=======================================================================
Copyright (c) 2008 GULF SHORES RESOURCES LTD. (GUL) All rights reserved. For more information visit our website at http://www.gulfshoresresources.com/ or send mailto:ir@gulfshoresresources.com Message sent on Mon Feb 25, 2008 at 9:14:54 AM Pacific Time =======================================================================
AIX looking better of late since bouncing off of the .18c level this one has started to look better...needs more volume...lots of activity planned for this year for this one...hsb
ALIX PROVIDES CORPORATE UPDATE FOR 2008 FIELD SEASON
February 11th, 2008, VANCOUVER, B.C. – ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V)(37N – FRANKFURT) provides the following corporate update for the pending 2008 work/ field season. With a strong portfolio of 11 precious and base metal properties, Alix is now preparing for a very aggressive 2008 work season, which includes drill programs on the following six projects:
The Chloride Property – Arizona
The Company’s first drilling program for 2008 is anticipated to begin in late March on the recently soil-sampled, 100% owned silver-gold prospect known as the Chloride property. Chloride is located 3 km from Mercator Minerals’ Mineral Park copper operation in Arizona, which is producing 8 million lbs of copper per year. Located in the historic Wallapi Mining District, a bonanza silver producer during the latter half of the 19th and first half of the 20th centuries, with easy highway access, about 20 miles (33 km) from Kingman, our 2,240 acre claim block covers several historic mines and prospects. Previous sampling and geological surveying has identified a mineralized, structural corridor 1.3 km wide by 5 km-long that trends northwesterly across the property. A track mounted core drill has been secured for drilling.
The Arcadia Property - Nunavut
Slated for drilling, with 50% partner Bolero Resources Corp., in April ’08, the Arcadia Bay property represents an Archean lode-gold deposit located on the Arctic Ocean in Canada’s Nunavut territory, west of Bathurst Inlet and 140 kilometers west of Miramar Mining’s Hope Bay greenstone belt. As per a report written by Watts, Griffis, McOuat (WGM), 1986, the property has a reported historic resource estimate of 640,650 tonnes averaging 7.2 g/t gold (containing about 150,000 oz. gold) in the North Central Vein and 139,524 tonnes averaging 8.6 g/t gold (or 38,000 contained oz. gold) in the Fred Vein. These resource estimates were completed prior to 2001, are not NI 43-101 compliant, and have not been independently audited and should therefore not be relied upon.
Iliamna Lake District – Southwestern Alaska
KUY, Fog and Kamishak represent three well-known prospects in the Iliamna Lake area in the vicinity of Northern Dynasty’s Pebble porphyry copper-gold discovery, some 250 miles (400 km) southwest of Anchorage.
Alix is very pleased to have acquired and/or optioned these three properties and intends to take full advantage of the synergy provided by the proximity of these copper-gold properties to one another in this very promising terrain. Through our contractor, Anchorage-based Alaska Earth Sciences, Alix anticipates a coordinated effort with aggressive exploration programs utilizing geologic and IP/resistivity surveys followed by diamond drilling at each of the three properties.
KUY Property – Alaska
In 2007, Alix obtained an option to acquire a 50% interest in Andover's joint venture agreement with the Bristol Bay Native Corporation for the KUY property. In mid-August 2007 drilling to test geophysical anomalies at KUY detected in an IP & resistivity survey run in the fall of 2006 was initiated. The 2007 drilling encountered zones of strong hydrothermal alteration and pyrite typical of porphyry copper systems. The 2008 work program will include geologic mapping and additional IP & resistivity surveying to define additional targets for drilling in the latter part of the summer. The Company is excited over this newly recognized porphyry potential at KUY.
The Fog Lake Property - Alaska
Also, in 2007, Alix obtained an option to acquire a 50% interest in Andover’s joint venture with Bristol Bay Native Corporation for the Fog Lake property. The concession for this copper-gold target covers approximately 2,330 hectares. Fog is located 30 miles (50 km) northeast of the KUY property, and has an area of strong copper and gold soil anomalies discovered in the late 1970’s and 1980’s by contractors to Bristol Bay. Due to complications including native ownership of the land, the property has not yet seen geophysical surveying or drilling. Alix is pleased to be the first exploration company to conduct serious exploration work at Fog Lake and plans both IP/resistivity work and diamond drilling at Fog during the 2008 field season.
The Kamishak Property - Alaska
Kamishak, our latest acquisition, subject to a 20% interest to Andover Ventures, is a 5,440 acre property located 5 miles (8 km) southeast of KUY. An intrusive-related breccia hosting Cu-Au mineralization was the target of previous operators who completed 18 shallow cores between the early 1990’s and 2006. Results included 50 meters of 1.32 g/t Au and 0.22% Cu, 21.3 meters of 0.85 g/t Au and 1.08% Cu and 3.0 meters of 12.6 g/t Au and 0.49% Cu.
IP and resistivity surveying in 2007 detected significant anomalous zones outside of the previous drilling areas. 2008 work will include additional geologic mapping and geophysical surveying to be followed by drilling of newly developed targets. Alix management now interprets this property to be another copper-gold porphyry system in this highly prospective terrain.
The Divide Property - Alaska
Located approximately 30 miles (45 km) north of Nome and 20 miles (33 km) from Nova Gold’s Rock Creek gold mine, the Company holds a 100% interest in this gold target. As a result of encouraging phase-one core drilling completed in the late summer of 2007, Alix and 50% joint venture partner (and operator) Millrock Resources are planning a major exploration program at Divide in summer 2008. This second phase will likely include reverse circulation drilling, HQ drilling, striping of areas of high-grade surface showings and bulk sampling.
The technical contents of this release were approved by Alix director and qualified person as defined by National Instrument 43-101, Dr. David Hedderly-Smith.
For further information we invite you to visit us at www.alixresources.com.
Alix is a junior mineral exploration company focused on acquiring potential world class properties in North America.
ON BEHALF OF THE BOARD
Signed “Michael England”
Michael England, President
FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770
Facsimile: 1-604-683-3988
The TSX Venture Exchange has not reviewed nor does it accept responsibility for the adequacy or accuracy of this press release.
Some news out this am? No biggie to explain this price rise.
Agreement With KTTM Geophysics to Conduct Survey on M-10 Concession, Ecuador
Last Update: 11/6/2007 10:25:17 AM
VANCOUVER, BC, Nov 06, 2007 (MARKET WIRE via COMTEX) -- Lateegra Gold Corp. (the "Company") (LRG) (FRANKFURT: LTG) has received the following update from MPH Ventures Corp. ("MPH") concerning the Company's M-10 concession located in the Pinchincha Province of Ecuador:
MPH has signed an agreement with KTTM Geophysics to conduct an IP Chargeability / Resistivity and Magnetometer survey on its M-10 concession. The 5,600 hectare property lies 50 km west of Quito, Ecuador.
The M-10 property lies within the intra oceanic island arc sequence of the Machuchi Unit approximately 5 km north, along strike of the La Plata Volcanogenic Massive Sulfide deposit, which is contained within the same north south trending stratigraphy.
The exploration activities to date have concentrated on geological mapping and sampling. The exploration work programs have identified two areas of particular interest. The "North Grid" area lies immediately south of the E-1 concession owned and operated by Avalanche Minerals Ltd. Sampling has returned rock chip and float samples in excess of 20 grams per tonne Gold as well as 0.12% Copper and 20 ppm Molybdenum.
A grid consisting of approximately 25 line kilometres is under way on the North Zone where the geophysical program will commence.
Significant gold, copper and molybdenum samples have also been taken from the central portion of the M-10 concession and a second grid also of approximately 25 line kilometres will be installed in the Central Zone to provide IP resistivity and magnetometer coverage over this area.
A map illustrating the grids and samples can be viewed at http://lateegra.com/projects/ecuador/m10/m10_grid_map.jpg .
Lateegra Gold Corp. has expanded its holdings in Ecuador and acquired a jointly owned interest in the Efyza II concession contiguous with the M-10 concession. This additional acquisition has solidified the Company's land position in this very prospective area of Ecuador.
Lateegra Gold Corp. anticipates that the current geophysical survey will identify prospective drill targets in both the North Zone and the Central Zone.
Samples are sent to either ALS-Chemex or Inspectorate del Ecuador receiving facility in Quito, Ecuador. Both companies forward pulps onto their laboratories in Lima, Peru for analysis. Assaying consists of ICP multi-element analysis with over-limit checks competed for Ag (over 100 g/t), Cu (over 1%), Mo (over 1%), Pb (over 1%) and Zn (over 1%) by Atomic Absorption (AA) spectrometry. Gold analysis was completed using fire assay technique. The quality control protocols that are in place consists of insertion of one blank at least every 20 samples and a field or lab duplicate every 20 samples. In addition, standard reference material are inserted once every 20 samples. The exploration programs in Ecuador are under the supervision of MPH Ventures Vice President of Exploration, Allen Cole.
Dale Schultz, PGeo. and Managing Director / Chief Consultant of Buscore International Consulting, has been retained by MPH Ventures to provide Qualified Person services in compliance with National Instrument 43-101.
About the Company: Lateegra Gold Corp. is an exploration and development Company with a focus on precious metals in Mexico and South America. The Company currently has interests in properties in Mexico and Ecuador including the El Condor property, located within Aurelian Resources property containing their massive Fruta del Norte discovery.
About MPH Venture Corp.: MPH Ventures Corp. is a gold, silver, copper, and molybdenum exploration company focused on mineral development within Canada and Latin America.
ON BEHALF OF THE BOARD OF DIRECTORS
"Chris Verrico"
President and CEO
THE TSX VENTURE EXCHANGE HAS NOT YET REVIEWED AND DOES NOT TAKE RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
Cautionary note: This report contains forward-looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specifically noted, are considered speculative. The company has not filed a National Instrument 43-101 report on any property, but will do so as soon as the information is available. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward-looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.
Lateegra Gold Corp.
Suite 1128 - 789 West Pender St.
Vancouver, B.C., Canada V6C 1H2
Tel:
604-669-9330
Fax:
604-669-9335
Toll Free:
1-866-669-9377
www.lateegra.com
email
info@lateegra.com
SOURCE: Lateegra Gold Corp.
http://www.lateegra.com
mailto:info@lateegra.com
Copyright 2007 Market Wire, All rights reserved.
Nice day on GUL.V today no doubt in some part to Cannacord's Dave Pescod featuring in his Fri update.
hsb
PESCOD'S HOT PICKS
Snapshot: ENG GLY GUL IFR MEO MMT MXM OIL PRD SAH
Obviously the
markets can't wait, and in the meantime we are working on
our "Oil and gas plays that could change your Lifestyle," a
portfolio of 5 or 6 gas plays that will be drilled a little before
CGX drills over the next 6 to 12 months with admittedly
David Pescod 780-408-1750 Debbie Lewis 780-408-1748 Page 2
high risks but also very large potential returns. So far on
our list goes; Corridor Resources, they should be spudding
any day now, their Deep Dawson Settlement play
which would affect dramatically a company that's already
had a nice stock run over the last 2 years.
Also on the list goes Petrolifera although their project
in Peru now looks like it wont be drilled until mid to later
next year. Vulcan for when their play takes place in Newfoundland
and its funny to watch the different plays in
the North Sea. There it seems if you miss a few in that
high risk area you're a bum and you hit on a few you're a
hero...look at Oilexco with their big discovery in Huntington
has people of already forgotten the large number of
dry holes they had.
Little Gulf Shore (GUL)will be spudding shortly and so far
there are zero for two. If they get a hit it will be interesting
to see how quickly they go from being zero's to
hero's. They'll be others in the portfolio too and we hope
to have it out in a week.
Nice day on GUL.V today no doubt in some part to Cannacord's Dave Pescod featuring in his Fri update.
hsb
PESCOD'S HOT PICKS
Snapshot: ENG GLY GUL IFR MEO MMT MXM OIL PRD SAH
Obviously the
markets can't wait, and in the meantime we are working on
our "Oil and gas plays that could change your Lifestyle," a
portfolio of 5 or 6 gas plays that will be drilled a little before
CGX drills over the next 6 to 12 months with admittedly
David Pescod 780-408-1750 Debbie Lewis 780-408-1748 Page 2
high risks but also very large potential returns. So far on
our list goes; Corridor Resources, they should be spudding
any day now, their Deep Dawson Settlement play
which would affect dramatically a company that's already
had a nice stock run over the last 2 years.
Also on the list goes Petrolifera although their project
in Peru now looks like it wont be drilled until mid to later
next year. Vulcan for when their play takes place in Newfoundland
and its funny to watch the different plays in
the North Sea. There it seems if you miss a few in that
high risk area you're a bum and you hit on a few you're a
hero...look at Oilexco with their big discovery in Huntington
has people of already forgotten the large number of
dry holes they had.
Little Gulf Shore (GUL)will be spudding shortly and so far
there are zero for two. If they get a hit it will be interesting
to see how quickly they go from being zero's to
hero's. They'll be others in the portfolio too and we hope
to have it out in a week.
CL thanks for doing this btw my pick is CEY.
are you watching nvt it's rising from the ashes again...maybe they figured out which end of the drill to put in the ground in Kaukua, apparently they're still on hole #4 on Koalissma/Naranka, program should be completed around the 09 time frame lol...
hsb
then you may know npn which is doing better today and should from here .35c pp completed and trades at .25c?
hsb
AOX has been doing better of late for me, base metal deposit in Alaska with results pending...
hsb
Nice entries...well done!!!
hsb
Wow, those are some nice movers, a little too expensive for my tastes but I like aae.v due to the alternate energy aspect, wind, solar anything non-crude based seems to be taking flight lately, been watching the solar stocks in the US but they seem too expensive and I wonder if they're not an accident waiting to happen...
hsb
From Maysteelers BLOG on SH...
SPEC CRUDE PICKS
Snapshot: AEZ BN CCH GLN GRS PAT SAG SNO TTQ UBS
Crude is hot. Junior crude plays are not. I have some very speculative plays that may never recover, but are a value lovers dream. i warn these plays are risky but if you want value spec, these are your plays
GLY,ENG,GUL
All 3 have had some big blunders and are near year lows, but do have some exciting projects moving forward.
Posted by maysteeler23 @8:38:00 AM(EST) Reads:24 Comments:0
right now I've got a few that are showing signs of good things ahead but I'm still establishing positions and some are thin...
keep an eye out on cey should do better.
hsb
Rig availability shows as late Nov on global santa fe website so it could be awhile yet until the rig is available then presumably there will be some xport time to move to the Ridgewood lease.
hsb
http://www.globalsantafe.com/fleet/frames/locfr.html
16 GSF Galaxy II 400' KFELS Mod VI UK North Sea Yes Contracted mid Jul 07 late Nov 07 at $320 Followed by 1-month contract at $300; (4 1/2 -month contract from mid Jul 07 to late Nov 07 and 1-month contract late Nov 07 to late Dec 07 both with ADT Int'l. (See Note 3 below)); (9-days idle at zero dayrate early Apr 07; 30-day survey early Apr 08 at zero dayrate)
Hope so, these guys have had their fair share of misses lately as the descending chart will attest to sooner or later the law of averages has to catch up with them, minimum downside with lots of potential upside, watch during the drilling phase for abrupt price changes usually someone knows something before the rest.
hsb
GUL...Petro Canada North Sea Project
Reminder that the spud date nears...Could be the next OIL...can't play if you don't have a ticket.
hsb
Lundin Petroleum AB is the operator and has contracted the Global SantaFe Galaxy II jack-up rig to drill this project. Drilling is expected to commence during the first half of November, 2007
GUL...Petro Canada North Sea Project
Reminder that the spud date nears...Could be the next OIL...can't play if you don't have a ticket.
hsb
Lundin Petroleum AB is the operator and has contracted the Global SantaFe Galaxy II jack-up rig to drill this project. Drilling is expected to commence during the first half of November, 2007
Another stepout hits...
market tanks...
more assays to come...
moose hunting season over...
drills turning again...
hsb
FIELDEX DRILLS 15.1 METRES 1.00% NICKEL AT LAFORCE
Rouyn-Noranda, Quebec, October 25th, 2007. Fieldex Exploration Inc. (FLX :TSXV and F7E : Frankfurt ) is pleased to announce the results of the continuation of their 40-hole diamond drilling program started September 21st on its copper nickel 100% owned Laforce property (subject to 2-per-cent royalties to FNX Mining) located in northwestern Quebec.
ASSAY RESULTS
Hole Depth (m) From (m) To (m) Int. (m) Ag (g/T) Cu (%) Ni (%)
LF-07-08 100 40.00 45.73 5.73 2.6 0.46 0.77
55.05 60.88 5.83 2.5 0.32 0.56
76.30 79.69 3.39 2.7 0.11 1.00
LF-07-09 110 no significant assays
LF-07-10 200 52.88 79.16 26.28 3.1 0.58 0.82
including 58.12 73.20 15.08 3.5 0.80 1.00
includ! ing 58.12 65.00 6.88 3.4 0.75 1.21
These holes were drilled vertically. Drill hole LF-07-08 and LF-07-09 were located approximately 20 metres NNE and 25 metres North of previously released drill hole LF-06-04. Drill hole LF-07-10 was located approximately 35 metres NNE of previously released drill hole LF-06-04. The diamond drilling location map is accessible on Fieldex Website at http://www.fieldexexploration.com/images/LaforceDDHLocMap.jpg
The mineralization occurs in a brecciate chloritized pyroxenite containing 10 to 15 % sulphide with section up to 30 %. The sulphide is chalcopyrite, pyrrothite, pyrite and pentlandite. These sulphides appear in stringers around pyroxenite fragments, as coarse blebs in the breccias matrix and locally associated with sheared zone. From the first observation it looks like the mineralization is from tectonic origin.
Assay results from holes LF-07-11 to LF-07-17 are pending and will be released as soon as the entire set of sample results from these holes are completed.
Quality control
Assay samples are taken from drill core sawed in half with one half sent to a commercial laboratory and other half retained for future reference.
Qualified person
The Temiscamingue projects are being supervised by Laurent Hallé P.Geo, the qualified person for these projects.
About Fieldex:
Fieldex is a mineral resource company actively exploring in Quebec for nickel-copper-platinum group metal deposits located through out Northern Quebec, representing over 600 km². FNX Mining Company owns 6 500 000 shares of Fieldex Exploration Inc.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
For more information, please contact:
Martin Dallaire, eng
President & CEO Tel.: (819) 762-0609
Fax: (819) 762-0097
mdallaire@fieldexexploration.com
www.fieldexexploration.com
I think alot of the fast money players got in and out when the rumour of visable mineralization in the cores was making the rounds, took the co by surprise at the big jump in volume out of the blue before the results were released, looking forward to holes 8 and 10 being released and growing this orebody.
hsb
SP,
From earlier press release.
hsb
FNX Mining owns 14.7% of Fieldex, no Quebec land
FNX Mining Company Inc (C:FNX)
Shares Issued 84,019,238
Last Close 5/3/2007 $29.15
Friday May 04 2007 - News Release
Also Fieldex Exploration Inc (C:FLX) News Release
Mr. Terry MacGibbon reports
FNX ACQUIRES SHARES OF FIELDEX
FNX Mining Company Inc.'s Aurora Platinum Corp., a wholly owned subsidiary of FNX Mining, acquired ownership, through a private transaction, of 6.5 million common shares of Fieldex Exploration Inc., representing approximately 14.7 per cent of the issued and outstanding common shares of Fieldex, as a result of the sale of FNX Mining's interest in four copper-nickel properties located in northwestern Quebec, representing 100 per cent of FNX Mining's Quebec properties.
Neither FNX Mining nor Aurora has any present intention to acquire ownership of, or control over, additional securities of Fieldex. It is the intention of FNX Mining and Aurora to evaluate its investment in Fieldex on a continuing basis and such holdings may be increased or decreased in the future.
Where'd everybody go?
hsb
More on the FLK Discovery.
hsb
LaForce Property
The LaForce property is located in the Temiscamingue region of Quebec, Canada, approximatively 190 km east-northeast of Sudbury, Ontario. The property lies within the Mining District of Rouyn-Noranda. The prolific Noranda copper-zinc-gold mining camp is 100 km to the north. The historic Cobalt silver mining camp is 80 km to the west, just across Lake Temiscamingue.
The LaForce property consists of fourteen (14) contiguous mining claims covering a total of 595 hectares.
Cu-Ni mineralization was discovered in 1957. This showing was stripped, trenched and sampled and the significance of the disseminated to semi-massive pyrrhotite, pentlandite, chalcopyrite mineralization was recognized and optionned by Kerr Addison. Over the winter of 1958-59, Kerr Addison Gold Mines Ltd. drilled 29 holes on the property and the 15 most important intersections outlined a zone of mineralization over a 200 feet strike length. This zone averaged 1.16% nickel and 0.45% copper (GM 8829b). Average core length of the intersection was 31.6 feet. There was no gold and negligible silver. A close examination of the drill logs and hole locations reveals that roughly over 100 000 tons of ore grade material was delimited on the property so far.
A helicopter borne electromagnetic survey was completed over the LaForce property and a field exploration program is planned for Q4-2005.
Better Table Format!!!
hsb
Fieldex drills 30 metres 1.0% nickel at Laforce
ROUYN-NORANDA, QC, Oct. 18 /CNW Telbec/ - Fieldex Exploration Inc.
(FLX :TSXV and F7E : Frankfurt ) is pleased to announce the final assay
results from the first hole (LF-07-07) of a 40-hole diamond drilling program
started September 21st on its copper nickel 100% owned Laforce property
(subject to 2-per-cent royalties to FNX Mining) located in northwestern
Quebec.
<<
ASSAY RESULTS - HOLE LF-07-07
From To Int. Cu Ni
Hole (m) (m) (m) (%) (%)
LF-07-07 41.51 71.60 30.09 0.53 1.00%
including 42.51 58.26 15.75 0.52 1.15%
This hole was drilled vertically an intercepted copper-nickel
mineralization from depth of 41.51 metre to 81.07 (39.56 metres). The
mineralization occurs in a brecciate chloritized pyroxenite containing 10 to
15 % sulphide with section up to 30 % sulphide over few metres. The sulphide
is chalcopyrite, pyrrothite, pyrite and pentlandite. These sulphides appear in
small stinger around pyroxenite fragments, as coarse blebs in the breccias
matrix and locally associated with small sheared zone. From the first
observation it looks like the mineralization is from tectonic origin. The hole
was drilled to a depth of 120 metres and terminated in a barren monzo-diorite.
The holes LF-07-08 to LF-07-10 have recently been completed and
intercepted mineralized sections as follow;
From To Int.
Hole (m) (m) (m)
LF-07-08 32.09 79.69 47.60
LF-07-10 52.88 79.50 26.62
>>
In light of this exciting nickel-copper and PGE discovery, with
economical potential, Fieldex continues with an aggressive exploration
campaign including detailed ground geophysical and drilling. Fieldex is
planning to drill through the freeze-up period.
Martin Dallaire, the president and chief executive officer of Fieldex,
stated: "The Laforce property is located right in the copper-nickel -platinum
metallotec corridor defined by Inco. Inspiration Mining, with their recent
Langmuir discovery in Timmins, has proved the potential of this corridor and
Fieldex focus will ce rtainly be on LaForce in the coming months."
LaForce property consists of 6 contiguous mining claims covering a total
of two hundred and eleven hectares (211 ha).
Quality control
---------------
Assay samples are taken from drill core sawed in half with one half sent
to a commercial laboratory and other half retained for future reference.
Qualified person
----------------
The Temiscamingue projects are being supervised by Laurent Hallé P.Geo,
the qualified person for these projects.
About Fieldex:
Fieldex is a mineral resource company actively exploring in Quebec for
nickel-copper-platinum group metal deposits located through out Northern
Quebec, representing over 600 km2. FNX Mining Company owns 6 500 000 shares of
Fieldex Exploration Inc.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
%SEDAR: 00008738E
Here's an interesting play just geeting underway, looks underpromoted and has an interesting intersection on it's hands right our of the gate.
Fieldex drills 30 metres 1.0% nickel at Laforce
Last Update: 10/18/2007 10:28:57 AM
ROUYN-NORANDA, QC, Oct. 18, 2007 (Canada NewsWire via COMTEX) -- Fieldex Exploration Inc. (FLXÂ :TSXV and F7E : Frankfurt ) is pleased to announce the final assay results from the first hole (LF-07-07) of a 40-hole diamond drilling program started September 21st on its copper nickel 100% owned Laforce property (subject to 2-per-cent royalties to FNX Mining) located in northwestern Quebec.
<<
ASSAY RESULTS - HOLE LF-07-07
From
To
Int.
Cu
Ni
Hole
(m)
(m)
(m)
(%)
(%)
LF-07-07
41.51
71.60
30.09
0.53
1.00%
including
42.51
58.26
15.75
0.52
1.15%
This hole was drilled vertically an intercepted copper-nickel
mineralization from depth of 41.51 metre to 81.07 (39.56 metres). The
mineralization occurs in a brecciate chloritized pyroxenite containing 10 to
15 % sulphide with section up to 30 % sulphide over few metres. The sulphide
is chalcopyrite, pyrrothite, pyrite and pentlandite. These sulphides appear in
small stinger around pyroxenite fragments, as coarse blebs in the breccias
matrix and locally associated with small sheared zone. From the first
observation it looks like the mineralization is from tectonic origin. The hole
was drilled to a depth of 120 metres and terminated in a barren monzo-diorite.
The holes LF-07-08 to LF-07-10 have recently been completed and
intercepted mineralized sections as follow;
From
To
Int.
Hole
(m)
(m)
(m)
LF-07-08
32.09
79.69
47.60
LF-07-10
52.88
79.50
26.62
>>
In light of this exciting nickel-copper and PGE discovery, with economical potential, Fieldex continues with an aggressive exploration campaign including detailed ground geophysical and drilling. Fieldex is planning to drill through the freeze-up period.
Martin Dallaire, the president and chief executive officer of Fieldex, stated: "The Laforce property is located right in the copper-nickel -platinum metallotec corridor defined by Inco. Inspiration Mining, with their recent Langmuir discovery in Timmins, has proved the potential of this corridor and Fieldex focus will ce rtainly be on LaForce in the coming months."
LaForce property consists of 6 contiguous mining claims covering a total of two hundred and eleven hectares (211 ha).
Quality control
---------------
Assay samples are taken from drill core sawed in half with one half sent to a commercial laboratory and other half retained for future reference.
Qualified person
----------------
The Temiscamingue projects are being supervised by Laurent Hallé P.Geo, the qualified person for these projects.
About Fieldex:
Fieldex is a mineral resource company actively exploring in Quebec for nickel-copper-platinum group metal deposits located through out Northern Quebec, representing over 600 km2. FNX Mining Company owns 6 500 000 shares of Fieldex Exploration Inc.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
%SEDAR: 00008738E
SOURCE: FIELDEX EXPLORATION INC.
Martin Dallaire, eng, President & CEO, (819) 762-0609, Fax: (819) 762-0097,
info@fieldexexploration.com,
www.fieldexexploration.com
Copyright (C) 2007 CNW Group. All rights reserved.
Sooner or later these guys have to stop hitting dry holes...
"I get pushed down but I get up again"...
hsb
Gulf Shores to Participate in Petro Canada North Sea Project
Last Update: 10/16/2007 9:00:39 AM
VANCOUVER, BRITISH COLUMBIA, Oct 16, 2007 (Marketwire via COMTEX) -- Gulf Shores Resources Ltd. (GUL)(FRANKFURT:GFU) (the "Company") will participate in the drilling of an exploration well to evaluate the Maria prospect located in United Kingdom Continental Shelf (UKCS) Block 15/18a. Gulf Shores will pay 11.11% of the cost to drill and test the farmin well to earn 8.33% in License P.233 (Block 15/18a). The license also includes two deeper Jurassic fallow discoveries. Additional technical work and new long offset 3D seismic is being proposed to further evaluate these discoveries and to mitigate technical risk on high-impact leads identified on the block.
It is currently planned to commence drilling the Maria well in Q1, 2008. Gulf Shores is fully funded for the cost of its participation in this well. Upon fulfilling the terms of the farmin agreement working interests in License P.233 Block 15/18a will be, Petro-Canada (Operator - 25%), ENI UK Limited (50%), Gulf Shores Resources (8.33%), Monarch Energy (8.33%) and Britcana, (International Frontier - 8.33%).
As previously announced, Gulf Shores has entered into an agreement to earn an interest in the 72.5 square kilometer (approximately 18,000 acre) Ridgewood project located in Block 12/17 b in the North Sea. The proposed location is 35 kilometers northeast of the 170 million barrel Beatrice field and nine kilometers from the nearest proven Jurassic oil accumulation. Seismic coverage shows a structure containing two potential hydrocarbon bearing zones in the Jurassic. Lundin Petroleum AB is the operator and has contracted the Global SantaFe Galaxy II jack-up rig to drill this project. Drilling is expected to commence during the first half of November, 2007. Gulf Shores is fully funded for the cost of its participation in this well.
Also as previously announced, Gulf Shores is paying 20% of the cost of acquiring new 3-D seismic and 13.33% of the cost of drilling a test well to earn a 10% interest in a 422 square kilometer (approximately 104,000 acre) block located in Quad 30 in the UK North Sea. Recently acquired seismic indicates the block contains several Jurassic and Permian plays. A well drilled into one of the Jurassic plays logged oil before the well was abandoned due to insufficient zone thickness. 3-D seismic on the block indicates that the Jurassic thickens to the northwest of that well. Lundin Petroleum AB is also the operator of this project. Gulf Shores is fully funded for the cost of its participation in the acquisition of the new 3-D seismic.
Laurel Valley prospect (Quad 14): In an effort to determine the prospectivity of the remaining Quad 14 acreage, the company has agreed to participate for its 9.4% share of the cost to acquire an electromagnetic (EM) survey on the licence. If the continuing modelling studies are shown to be effective and subject to weather and equipment availability, the survey will be shot in the fourth quarter 2007. Oilexco North Sea Limited is operator of the project area.
As part of its continuous active exploration program in the North Sea, Gulf Shores continues to review other North Sea exploration projects.
ON BEHALF OF THE BOARD
Michael Turko, President
SOURCE: Gulf Shores Resources Ltd.
Gulf Shores Resources Ltd.
Mr. Gerald Otterman
(604) 683-3309 or Toll Free: 1-866-292-2601
(604) 844-2834 (FAX)
Email: gulfshores@net-conex.com
Website:
www.gulfshoresresources.com
Copyright (C) 2007 Marketwire. All rights reserved.
RCR getting lots of play out of this as it's nearby and has there own drill program going as well. Small capitalization so it could really fly if this play develops.
hsb
http://www.vmsventures.com/NM_Sep07.pdf
Coffin Bros put their stamp of approval on it as well.
The Coffin bros seem to like it...
below excerpted from SH BB (VMS)
SUBJECT: Coffin Brothers analysis 1/2 hr before halt lift!
Posted By: bamako
Post Time: 10/4/2007 17:21
« Previous Message
Next Message »
We’ve owned and watched VMS ventures from some time now and have kicking ourselves for not getting a trading note out a couple of weeks ago. VMS reported a large massive sulphide intercept from its Reed Lake project in Manitoba. The stock moved quicker than expected and then was halted so we were forced to wait for results before commenting. The results were just released and they are, in a word, spectacular. The intercepts are listed below but the headline numbers 43 meters of 4.38% copper including 10.5 meters of 11.2% copper says it all. Its only one hole and we need to sit down with management and go through the targeting but based on this hole this stock will trade very strongly.
As a trade for now we mark it as a strong speculative buy when trading resumes in half an hour, especially if you can get it below $1.25. If it runs farther tomorrow and it probably will, use spikes to trade your costs down and generate a low cost speculation on an extremely impressive hole, even if its only one hole for now.
Regards for now – David Coffin and Eric Coffin
Congrats what a monster hole!!!
hsb