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RG.v I think this press release below is what is bringing in the attention right now. I spoke with RG Pres Tom Divas yesterday and I didn't get the opinion that drill results were coming that fast. They have 3 drills and planned 12000 meters this summer. Nova Gold setting up infrastructure that they will negotiate to use at later date. He said labs are busy right now. Electricity is the main problem up there. Gov is going to spend 400 mil to build that out and the area will explode IMO. He was very conservative with what he said. This is my entry position into the Golden Triangle based on market cap per short term catalysis and future growth potential. Now looks like good timing.
NovaGold Reports Progress on Galore Creek Prefeasibility Study
June 23, 2011 – Vancouver, British Columbia – NovaGold Resources Inc. (NYSE-AMEX: NG, TSX: NG) announces significant advancement towards completion of the prefeasibility study on its Galore Creek copper-gold-silver project ("Project”) located in northwestern British Columbia. The study is being prepared by Galore Creek Mining Corporation ("GCMC”), owned equally by subsidiaries of NovaGold Resources Inc. ("NovaGold”) and Teck Resources Limited ("Teck”).
Completion of the prefeasibility study is expected by the end of July 2011 and AMEC Americas Limited, an independent supplier of engineering and project management services, is concurrently preparing a National Instrument 43-101 compliant technical report. Upon receipt of the technical report, NovaGold will announce the results and file it on SEDAR and EDGAR within 45 days of the announcement.
The partners have approved a $30.5-million budget to carry out further work on the Project during the remainder of 2011. Planned work includes infill drilling to convert inferred mineral resources to measured and indicated categories, geotechnical drilling on the tunnel alignment and geotechnical drilling to confirm open pit slopes in areas targeted for conversion of inferred mineral resources. GCMC will also complete further environmental and engineering work in preparation for feasibility level studies.
"Completion of the prefeasibility study will be an important milestone as we work with Teck to optimize the Galore Creek project,” said Rick Van Nieuwenhuyse, President and CEO of NovaGold. "Galore Creek is one of the most significant copper-gold projects in the world. Its timely development is important for all stakeholders, including Federal and Provincial governments as well as First Nation communities of northwestern British Columbia.”
During the second quarter of 2011, Teck completed its funding requirements of $373 million to earn its 50% interest in GCMC. The Project will move forward with Teck and NovaGold equally funding further Project development.
About the Galore Creek Project
Located in northwestern British Columbia, Galore Creek is one of the world's largest undeveloped copper-gold-silver deposits, owned equally by wholly-owned subsidiaries of NovaGold and Teck Resources and operated by GCMC. The Galore Creek property comprises 293,840 acres (118,900 hectares) of British Columbia mineral claims located within Tahltan Traditional Territory in northwest British Columbia. The project has received a high level of support from local communities, First Nation groups and the British Columbia and Alaska Governments. In February 2006, NovaGold entered into a comprehensive Participation Agreement with the Tahltan Nation, ensuring collaboration between both parties for mine planning, mine operation and environmental protection, and GCMC, NovaGold and Teck continue to work closely with the Tahltan Nation.
About NovaGold
NovaGold is a precious metals company engaged in the exploration and development of mineral properties in Alaska, U.S.A. and British Columbia, Canada. The Company is focused on advancing its two core properties, Donlin Creek and Galore Creek, with the objective of becoming a low-cost million-ounce-a-year gold producer, and offers superior leverage to gold and copper with one of the largest reserve/resource bases of any junior or mid-tier gold company.
Bobwins Aun.v Now if we could just get Eric Sprott & SAF off our backs AUN might get some real traction.
When they finish Shafter, at full production, were looking at 6 million oz silver production per year with upside.
While this is going on, Legend Dr Peter Magaw and his exploration team will be proving up more NI43-101 resources to extend the mine life.
Shafter
-- Aurcana Corporation continued construction of the 100% owned Shafter
Silver Mine Project. The Shafter Feasibility Study shows an estimated
pay back of 1 year at $21 per ounce of Silver. Construction started in
December 2010 and is on track to be completed by May 2012.
-- Key construction milestones include:
-- Decline portal steel sets and concrete structure completed in July
2011
-- Crushing and screening plant to be delivered in July 2011
-- Ball Mill foundations to be complete in August 2011
-- Ball Mill to be delivered in August 2011
-- Fine ore reclaim tunnel to be completed in August 2011
-- Six leach tank foundations complete, and leach tanks to be delivered
in August 2011
-- Evaporation pond civil work to be completed in July 2011 and pond
liner to be installed in August 2011
-- MSHA Quarterly Inspections commenced in July 2011
-- Modification to existing permits continues on schedule
Checkmate
Thanks for the reply. JFYI I don't have the subscription so no priv ate e-mail. Be interestind to see what happens here.
Telltale Signs: The Dragon and the Mosquito
(A serious contrast to the previous reporting of the event below in this forum below)
On July 8, hundreds of Filipino Americans demonstrated in front of all six of China’s consular offices in the U.S. to protest China’s dispatch of its giant oil rig to the Spratly Islands which is within the 200 mile Exclusive Economic Zone of the Philippines. On that same day, the front page of the Manila dailies featured a photo of China’s Foreign Minister Yang Jiechi and Philippine Foreign Affairs Secretary Albert del Rosario, both smiling, with a caption that stated their agreement not to let the Spratly dispute affect friendly relations between the two countries.
China had invited Secretary Del Rosario only on July 7 to come to Beijing on July 8, the day before the global protests against China’s incursion in the Spratly Islands which was to occur also on July 8. While the timing of the July 8 events may lead some to conclude that there was a connection, it likely was just a coincidence.
The smiling Beijing photo-op moment may have been China’s psy-war response to the U.S. Senate’s unanimous approval of the resolution on June 27 deploring
China’s use of force against Vietnamese and Philippine ships in the West Philippine Sea (South China Sea).
The bipartisan resolution authored by Sen. Jim Webb and Sen. Jim Inhofe “reaffirms the strong support of the United States for the peaceful resolution of maritimeterritorial disputes in the South China Sea, and pledges continued efforts to facilitate a multilateral, peaceful process to resolve these disputes.”
It was China’s way of telling the Americans: “What disputes are you Yankees talking about? We are committed to peaceful process. Right, Philippines?”
The Xinhua news press release accompanying the Beijing photo-op stated: “Both ministers exchanged views on the maritime disputes and agreed not to let the maritime disputes affect the broader picture of friendship and cooperation between the two countries.”
Xinhua news also reported that Chinese Vice President Xi Jinping, widely viewed as China’s top leader in 2013 when current President Hu Jintao steps down, also met with Secretary Del Rosario and he described their meeting as “productive”.
But "productive" is not how Secretary Del Rosario described it when he returned to Manila after the two day photo-op. When asked at a news conference if China had assured him that it would stop military intrusions into the West Philippine Sea even as it promised to continue to dialogue with the Philippines regarding the territorial dispute, Secretary Del Rosario said “no”.
Del Rosario said that he proposed to China’s officials that their maritime dispute be adjudicated by the International Tribunal for the Law of the Sea, an independent judicial body established by the United Nations Convention on the Law of the Sea (UNCLOS), to handle disputes. But China also said “no”.
"While we base our claim on international law, specifically UNCLOS,” Del Rosario said, China officials base their claim on "historic rights," referring to the 120 A.D. map of the Han Dynasty that identifies the Spratlys as the Nansha Islands. As Ted Laguatan pointed out, by that absurd argument, Italy can also lay claim to most of Europe as they were all in the ancient maps of the Roman Empire.
The only agreement reached in Beijing, Del Rosario said, was "we agreed to disagree."
Certainly Beijing did not agree to recall back to Shanghai the $892 million deepwater semi-submersible drilling platform (Ocean Petroleum 981) that China Daily reported as having left Shanghai on May 24, 2011 bound for the South China Sea. According to the China press, this is “the world’s most advanced super oil rig” capable of operating at a water depth of 3,000 meters and drilling depth of 12,000 meters, with nine power generators on the platform that can provide electricity for nearly 200,000 people. It took China three years to build this rig which is set to start operating in August.
At its peak, China expects to draw $50 billion worth of oil annually from what FilAm protestors at the China consulate rallies said was “Philippine soil! Philippine oil!”
China is already counting on the future oil to be drawn from the Spratlys to fuel China’s massive energy needs and it is deploying its lone aircraft carrier, newly-purchased from Russia, to the West Philippine Sea to protect it.
In an ominous note, Ellen Tordesillas reported in her July 11, 2011 column that “Hardliners in the Chinese Military Academy are raring to teach China’s neighbors “a lesson” for intruding into the South China Sea, which they consider part of their national territory.”
These “hardliners”, according to Shen Hong-Fang, professor and senior research fellow at the Center of Southeast Asian studies at Xiamen University, believe that “it is the right time to adopt necessary measures to teach some countries a lesson.”
Shen told participants at the two-day Conference on the South China Sea held in Manila last week that they believe it justifiable “for China to launch a war against the invaders.” Shen reiterated previous declarations of China’s officials that the West Philippine Sea (South China Sea) is a “core national interest,” just like Tibet and Taiwan.
While this issue is the top news story of Filipino community newspapers throughout the United States this week, it only merits occasional mention in the Manila dailies which are preoccupied with stories about Davao Mayor Sara Duterte and the sheriff she punched as well as the Philippine bishops who received SUVs from former president Gloria Macapagal-Arroyo.
Out of the ten columns in the Philippine Daily Inquirer print edition, only one was devoted to the Spratlys issue and it was by Rep. Walden Bello, who reprinted the questions asked of him by a China newspaper and his responses. When asked if war with China over the Spratlys was inevitable, he responded that he did not believe so although “naval encounters are a possibility”. But, he wrote, “China must really climb down from its aggressive posture, otherwise, a chain of events may ensue that goes out of control… Multilateral diplomacy for a comprehensive settlement of the West Philippine Sea issue is the best way to avoid such an unintended conflict.”
Unfortunately, China only favors bilateral talks between China and the Philippines, the giant dragon against the tiny mosquito. Fortunately for the mosquito, he has relatives all over the world who are willing to come to his aid.
For more information about the activities of the mosquito's relatives, log on to epeoplepower.ph or usp4gg.org.
(Send comments to Rodel50@aol.com or mail them to the Law Offices of Rodel Rodis at 2429 Ocean Avenue, San Francisco, CA 94127 or call 415.334.7800).
Yes and GORO + 10% ON 618K VOL
GWA.v/GWASAF Management is a great part of why I have my money there and I forgot to mention that.
First they are available and answer the phone or our e-mails
.
Second, they have executed as well as any management since Greg Romain and his crew have taken over since they sold Castle Gold Dec 09
.
Third- This management group has a history of executing and making money for shareholders.
This management ran Castle Gold in 2009. The shares were trading at .20 early in the year 2009.
.
Dec 2009, Argonaut Gold bought Castle Gold for $1.29/share. 91% of share holders agreed.
.
Darren M. Koningen, PEng, Vice President, Technical Services GoWest designed, built and commissioned the El Castillo open pit Gold mine at Castle Gold. Im sure he can move GoWest forward to production or a buy out.
CEO Greg Romain was born and raised in Timmons ON
AR Argonot Gold is producing 75k oz/yr at .4gpt very profitably now from this open pit mine.
Yes thats .4 grams per ton and Gowest has averged over 6 gpt from their NI43-101 resource with a 3gpt cutoff. Note much of that is not open pittable but GoWest added the notes in their report to show the tonnes and oz of Gold at the 1.5 gpt cut off to show the good possibility that they possibly can open pit some. They have a significant amount near surface and are infill drilling now to move resources from inferred to indicated.
Im hoping we see more on this from the scoping and metallurgy tests and updated resource report coming soon this fall.
I cant find a better value with this many catalysis and this low of risk anywhere.
PS Another thing I like is Gowests property is its one continuous rock. It was also just significantly enlarged with the Transition Metal property thats not included in the current resource report. This is in a new previously undiscovered area that was hard to explor because the overburden on the property did not support traditional soil testing means of location Gold
Just giving back
Checkmate28
Speaking of GWA.V This JUST RELEASED press release is huge if you read it. This just demonstrates how undervalued this company is and how little risk is there. I see 2 million oz NI43-101 oz of high grade gold and good economic reports this year that will support a mine. Remember, this is in Timmons ON (not Africa or BFE Yukon)Infrastructure employes and available processing is available NOW AND THERE. All this for a market cap less then 30mil.
Gowest Continues to Define Deep Mineralisation Extensions at Frankfield East Gold Project Near Timmins
Gowest Gold Ltd GWA
7/13/2011 12:10:12 PM
Exploration Targeting Increased Gold Resources
TORONTO, ONTARIO, Jul 13, 2011 (MARKETWIRE via COMTEX News Network) --
Gowest Gold Ltd. ("Gowest" or the "Company") (TSX VENTURE:GWA)(OTCBB:GWSAF) is pleased to note that ongoing exploration activities at its Frankfield East gold deposit provide high confidence that the recent resource estimate (see Gowest announcement dated June 1, 2011) may be significantly increased.
-- The two deepest drill holes completed to date (GW11-155 & GW11-161) -
subsequent to the recent resource estimate - intercepted significant
mineralisation at a vertical depth of 1000 metres (m) (including GW11-
155 with 7m of 9.1 grams per tonne (g/t) gold) and demonstrated the
deposit remains open at depth.
-- The gold resources contained in the Company's recent resource estimate
include only 55% of the identified mineralised zone down to a vertical
depth of 1000m. The remaining area represents a zone with significant
potential for additional resource ounces through an increase in drilling
density.
-- The Company's shallow drill program has extended the surface strike
length of the Frankfield East gold deposit to approximately 900m (versus
750-800m in resource estimate).
-- All of the holes drilled during the first half of 2011 encountered zones
of significant mineralisation (mineralised widths of 5-7m in most holes)
in areas that were previously unexplored.
-- Multiple parallel zones were identified in the majority of the drill
holes, a feature found throughout most of the Frankfield east deposit.
"As important as the recent gold resource estimate for the Frankfield East deposit was for Gowest Gold, ongoing exploration has revealed mineralisation that may be used to add quickly and significantly to the resources contained within our project area," stated Greg Romain, President & CEO of Gowest. "This doesn't include the exploration potential in any of the other areas that the Company has recently acquired, which have already shown promise for additional Frankfield East style mineralisation."
Background - Frankfield East Gold Resource
On June 1, 2011, the Company announced the results of an updated National Instrument 43-101 compliant resource estimate, which included 348,000 ounces of gold in the Indicated category (1,621,000 tonnes at a grade of 6.68 g/t Au) plus 838,900 ounces of gold in the Inferred category (4,342,000 tonnes at a grade of 6.01 g/t Au).
According to the procedures followed for the resource estimate, inferred gold resources in the Main Zone were only estimated for areas within a maximum distance of 50m from existing drill holes (25m for indicated ounces). These areas are outlined by the circles shown in the Figure 1. Due to a lack of drilling density, most of the area below a vertical depth of 350m has not been included in the current resource estimate. However, based on the excellent consistency achieved during the drilling completed during the 2010/11 programs, the Company strongly believes that the identified mineralised structures may prove to be continuous both horizontally and vertically. Thus, there remains significant potential for added resources within the already defined zone of known mineralisation. In total, the areas within the identified zone that have been included in the current resource calculations constitute only 55% of the overall horizon (800m average horizontal strike length x 1000m vertical depth).
Next Steps
Exploration drilling activities at the Frankfield East deposit are currently being organized according to two general priorities - shallower, in-fill drilling and deeper, resource expansion drilling (see Figure 1.)
In-fill drilling is being performed to depths of approximately 350m in order to convert additional Inferred gold ounces in this zone into the Indicated category status (currently 348,000 ounces / 1,621,000 tonnes at a grade of 6.68 g/t Au) as well as to provide better definition to the upper regions of the deposit, aiding in the following:
-- Continuing to test the limits of the deposit strike length.
-- Providing detail for initial mine planning activities that are currently
underway.
-- Retesting areas(i) where the company believes "historic" drill holes
were not adequately sampled for gold mineralisation and where the
potential exists to add more gold resource ounces.
((i)A few areas within the upper zones of the deposit have been identified where the initial interpretations indicate an absence of gold mineralisation. The data utilised in these areas come from a series of older drill holes completed in the 1970s and early 1980s and appear to be inconsistent with recent drilling adjacent to these areas. It is known that the early drilling was aimed at base metals exploration and that most of the holes were not sampled unless there were indications of these metals. It is the Company's belief that zones of unsampled gold mineralisation may have been present in these holes and therefore additional drilling has been planned in the current program in order to retest the areas.)
At greater depths, drilling is intended to confirm the continuity of mineralisation in areas that currently are devoid of drill data. The aim of this work is to expand the overall gold resource for the deposit, primarily in the Inferred category (currently 838,900 ounces / 4,342,000 tonnes at a grade of 6.01 g/t Au).
Table 1 highlights the results from the approximately 9000m of resource expansion drilling completed in the first half of 2011. Results from holes GW10-121 and GW10-134 were received prior to the completion of the recent resource update and have therefore been included in the calculations. Data from the remaining holes was received subsequently and is therefore excluded from the resource estimates.
The results from the in-fill holes drilled during the first half of 2011 are summarised in Table 2. The holes up to GW11-147 were included as part of the recent resource update. The remainder were excluded as data was not complete at the time the estimate was prepared.
Additional Work
-- A comprehensive geophysical and geochemical survey program is underway
over the Company's extensive and growing land position that now extends
for more than 60 square kilometers. This work is aimed at identifying
additional Frankfield East style gold targets for exploration in the
2011/12 winter drilling season.
-- The company has completed planning for a Phase 2 drill program aimed at
better defining the size and orientation of the gold-bearing structures
identified at the Texmont deposit located less than a kilometre west of
Frankfield East. To date, no gold resources have been estimated for this
new zone of mineralisation.
-- The company is continuing to expand the deep drilling program at site
and is in the process of completing an updated drill program that will
be extended into the 2011/12 winter drill season.
To view, "Figure 1. Longitudinal section of Frankfield East deposit Main Zone mineralization," please visit the following link: http://media3.marketwire.com/docs/gwa713fig1.pdf
Table 1. Frankfield East resource expansion drilling
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Gold Content
Drill Hole From (m) To (m) Width (m) (g/tonne)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
GW11-121 833.0 836.0 3.0 6.2
851.0 853.0 2.0 9.4
895.0 897.0 2.0 6.0
904.5 908.0 3.5 7.1
935.0 936.8 1.8 6.8
GW10-134 599.9 604.7 4.8 5.5
GW11-150 221.0 227.0 6.0 5.3
230.0 233.4 3.4 3.5
GW11-152 665.4 667.9 2.5 8.4
GW11-155 1082.0 1089.0 7.0 9.1
1094.0 1096.0 2.0 5.4
GW11-159 447.9 452.5 4.6 9.5
474.6 476.7 2.1 10.2
481.5 483.3 1.8 5.5
486.4 488.6 2.2 5.4
502.3 507.8 5.5 3.7
511.5 513.8 2.3 6.2
(True widths are estimated at approximately 90% of drill interval width
shown in the table)
Table 2. Frankfield East Resource In-Fill Drilling
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Gold Content
Drill Hole From (m) To (m) Width (m) (g/tonne)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
GW10-112 305.5 307.0 1.5 4.7
GW10-113 60.2 62.0 1.8 9.1
GW10-114 28.6 31.0 2.4 10.2
60.8 63.4 2.6 3.2
GW10-125 36.4 42.2 5.8 6.5
GW10-126 260.4 264.4 4.0 7.9
GW10-133 294.7 301.7 7.0 7.1
GW10-138 80.0 88.1 8.1 5.9
GW10-140 110.7 112.9 2.2 5.5
GW10-141 217.0 221.0 4.0 2.8
GW10-144 43.3 45.3 2.0 5.8
GW11-147 84.0 86.8 2.8 4.8
113.6 115.0 1.4 11.9
GW11-149 250.0 256.0 6.0 6.0
GW11-150 221.0 227.0 6.0 5.3
230.0 233.4 3.4 3.5
GW11-157 391.0 392.8 1.8 5.8
GW11-159 447.9 452.5 4.6 9.5
474.6 476.7 2.1 10.2
481.5 483.3 1.8 5.5
486.4 488.6 2.2 5.4
502.3 507.8 5.5 3.7
511.5 513.8 2.3 6.2
(True widths are estimated at approximately 90% of drill interval width
shown in the table)
Qualified Person
This press release has been reviewed by Mr. Darren Koningen, P. Eng., Gowest's Vice President of Technical Services. Mr. Koningen is a Qualified Person under National Instrument 43-101.
All drill core samples were photographed prior to being split and logged. Sample intervals were determined based on geological context and varied in length from 0.3 - 1.5m. Half of the split core from each interval was bagged and delivered to the ALS Laboratory Group ("ALS") preparation facility located in Timmins, Ontario.
All samples were prepared by ALS and analyzed for gold using fire assay procedures with an Atomic Adsorption Spectroscopy ("AAS") finish in addition to the completion of a multi-element ICP-AES scan. ALS's main North American assay laboratory in Vancouver, British Columbia is accredited to ISO/IEC 17025:2005.
About Gowest
Gowest is a Canadian gold exploration and development company focused on the delineation and development of its 100% owned Frankfield East gold deposit, as well as on the exploration of additional gold targets on the Frankfield project area, part of the prolific Timmins, Ontario gold camp. The Company also continues to evaluate acquisition targets in the vicinity of the Frankfield project area.
Forward-looking statements
This news release contains certain "forward looking statements". Such forward-looking statements involve risks and uncertainties. The results or events depicted in these forward-looking statements may differ materially from actual results or events. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE.
Contacts: Gowest Gold Ltd. Greg Romain President & CEO (416) 363-1210 info@gowestgold.com Gowest Gold Ltd. Rory Quinn Investor Relations (416) 363-1210 or Toll Free: (877) 363-1218
SOURCE: Gowest Gold Ltd.
mailto:info@gowestgold.com
Copyright 2011 Marketwire, Inc., All rights reserved.
AUN/AUNFF Up 40% July. One of my big 3
May be a break through or dismissal of the bogus Sprott lawsuit. Its up on big volume today.
AUN.v GWA.v MMT.v The no brainers!
Looks like the battle is on 10 inning! While GORO was playing possum and holding back drill results, they maneuvered in the background and acquired that 6th property as a surprise. All the while the shorts thought GORO was dead money and put a target on it.
GORO comes back to life and hits a home run through June and the shorts knew they were caught on the wrong side.
Who has the power now? We will see. Appreciate mgt swinging the bat today as well.
NES.V WOW! Newstrike Capital's Home Runs Continue with 190 Metre High Grade Hit
Newstrike Capital Inc NES
6/28/2011 9:51:30 AM
Jun 28, 2011 (ACCESSWIRE via COMTEX News Network) --
By James West
MidasLetter.comJune 28, 2011
Newstrike Capital Inc, (TSX.V:NES, PINK:NWSKF) announced at the close of market today four more holes from its ongoing drill program at the company's 100%-owned Ana Paula Project in Guerrero State, Mexico.
Midas Letter subscribers were alerted to the company back in January this year after the company announced a 214 metre intercept grading 3 grams per tonne of gold. Since then, the company has released other notable assays, such as;
112.9 metres announced June 6th, 2011 grading 2.51 grams per tonne gold; 230.95 metres announced on April 20, 2011 that graded a whopping 7.51 grams per tonne gold; 52.63 metres announced on March 21, 2011, grading 6.9 gram per tonne of gold, and 275.46 metres grading 1.43 grams per tonne gold.
Four holes were released yesterday, one of which was unremarkable, one of which was so-so, but two of which were very significant.
Drillhole AP-11-51 intersected 190.15 meters of 3.52 grams per tonne gold, including an 87.40 meter interval of 6.44 grams per tonne gold, a 9.30 meter interval of 18.67 grams per tonne gold and a 15.00 meter interval of 14.94 grams per tonne gold., and Drillhole AP-11-48 intersected a 116.00 meter interval of 4.71 grams per tonne gold, including intervals of 57.33 meters of 8.17 grams per tonne gold, 18.15 meters of 13.30 grams per tonne gold and 6.47 meters of 27.48 grams per tonne gold. Another interval over 35.50 meters averaged 2.10 grams per tonne gold.
Tthe news at the close of market today, so the stock hasn't had time yet to respond to the news. The market reaction could be significant, and so it is conceivable that this could be the last time we see the stock at this level for some time. That being said, when the company released its astounding 230 metre hit that graded 7.51 grams per tonne gold, the stock barely budged. James West is the publisher and editor of MidasLetter at www.MidasLetter.com, and CEO of MidasLetter Portfolio Advisors Ltd.
Copyright 2011 ACCESSWIRE
GORO Short interest record 2.7 million shares. Going to unwind as production increases, POG increases and new resources are found. Looking forward to late fall.
http://www.dailyfinance.com/company/gold-resource-corporation-common-stock/goro/ase/short-interest
Great news the last couple days !!
Checkmate
Goro Nice Find $ Goro Double Eagle Coin Dividends
Gold Resource Corporation discovered a high-grade vein system at its El Rey property during its 2008 drill program. The veins are predominantly gold with some silver (no base metals).
Highlights from previous drilling include:
-- Mineralization within 100 meters of the surface
-- Vein drill intercepts include (5 holes):
1.0 m of 132.5 g/t Au
1.4 m
of 55.3 g/t Au
9.0 m of 19.4 g/t Au including
-- 1 m of 66.4 g/t Au
-- 1 m of 31.8 g/t Au
-- 1 m of 30.3 g/t Au
-- 1 m of 29.1 g/t Au 1 m of 23.7 g/t Au
To better evaluate the potential of the El Rey property the following program has been initiated:
-- Refurbish and extend existing shaft to the 70 meter level below the
surface
-- Drive two development drifts each 150 meters along the two gold veins
encountered from the previous 2008 drill program
-- Establish underground drill stations for advanced exploratory drill
program
-- Use crosscuts to explore for additional veins
We believe this program will allow development and exploration of El Rey to proceed simultaneously, leading to accelerated production if and when a positive decision is made to establish high-grade gold production at El Rey.
The explosives permit for El Rey was approved June 1, 2011 and the powder magazine construction is underway. Physical work has begun to prepare the shaft site and pump out existing water, and a hoist and headframe are being sourced and purchased along with additional equipment. In addition to exploration, this approach will allow the Company to view the character of the veins, the competency of the wallrock, and gain bulk samples for additional metallurgical testing. Previous metallurgical El Rey test work resulted in 94% gold and 75% silver recoveries.
Gold Resource Corporation's President, Mr. Jason Reid, stated, "El Rey's high-grade gold ore would be processed in the agitated leach circuit at the El Aguila mill adding to our production profile. It would also be an ideal source of gold and silver for producing Gold Resource Corporation's Double Eagle coins, which could potentially be used for future in-kind dividend distributions."
A similar program at the Company's Alta Gracia property is underway. Three high-grade polymetallic veins that outcrop on the surface have been discovered near historic workings. With site preparation underway, the Company plans to drift on these parallel veins by constructing three new adits. The purpose is to develop the veins 40-50 meters below the surface to test for mineral continuity, and to crosscut below the historic workings to test for continuation of mineralization laterally and at depth. These small scale exploration drifts could generate ore for batch scale metallurgical testing, as well as host underground drill stations for deeper exploratory drilling. This underground drilling will be in addition to the surface drilling currently underway.
Auriga gold- aia.v Nice terms on the financing. Making me want to dig a little more. The 20 - 30 mill should be to recondition the production equipment.
TWDM That does warrant more research. Anyone get anywhere on that ?
GWA.V GWSAF 1.2 million oz NI43 Gold. At $1500 gold thats nearly 2 billion $ in the ground with avg grades 6.5gpt ......................................
From the June presentation at the low est of $85/ounce insitu gold X the 1.2 million ounces predicts a market cap of 102 million dollars and a share price of $1.06 per share. Gowest shares are worth 30 cents today. Thats a 350% gain if management can get the word out. Like many other companies, their is a serious disconnect right now in the share price and the actual fair value. Mgt assured to push the message to retail and institutional investors and a push on news in the fall.
Add the coming balance of Phase 2 drilling results including the infill drilling that will move more inferred into the Indicated category.
.
Metallurgical Testwork (Phase 2) Q3 2010 – Q1 2012
.
Preliminary Economic Assessment study – Fall 2011
.
Complete baseline environmental study – Q3 2011
Its a treat to buy these shares at .30
I've been adding as risk seems very low even in the summer.
Checkmate
Coin Re: Miners, Yukon plays & GWA.v
I give up putting out energy. The way I see it, it we can keep our current plays above water at even from here and the companys develop more value then we'll have a sling shot effect in a month or 2 or for sure when QE3 kicks in.
I'm taking the time to understand the Yukon plays and looking for the most promising plays there. The ones with great mgt & property's, 2011 drilling programs that are funded, along roads, and where the claims were blessed early by legendary mushroom picker Shawn Ryan and his soil samples.
Re GoWest Still hard to beat them for value, low risk and high degree of excellent short term catalysis's.
On todays news of Larry Phillips the new director. Couldn't say it better then this guote from Stockhouse
" You have to ask yourself, why would a man of this guys calibre and most probably wealth ( one of the original founders of IAMGOLD - 7.4 billion market cap ) would devote his time to a gold junior if he didn't see the potential there."
I got the feeling from talking with mgt that there is lots of interest in GWA from larger companies both from a JV standpoint and a buyout. A compact resource of 2 million high grade ounces sitting next to the heavy hitters in Timmons has to be tempting.
Bargins galore are coming. Just hope there is enough cash laying around for both the market and myself.
GWA.v GoWest Gold Nice Value Model from Ubica Research out today plus informative piece with the big picture on the January download.
http://www.smallcappower.com/microsite/gowest_gold_ltd_research_reports.html
Re Coin GWA I have to chuckle. I thought I did a good job valuing the company and therefore it had to go up lol. Figured it get bogged in the low 40's. I don't see any negatives right now unless you call the warrants neg, but their going to finance this years progress. Theirs enough value to absorbed them as soon as some interest comes back into the market.
For what its worth, IR said they will be working all summer to show the disconnect in value and their story to retail and institutional investors and also there'll be a big push in the fall, when they are very busy with much progress to talk about.
I was all but positive the 1,000,000 oz was coming and wanted to get that out to you guys here. For now, I feel confident they'll fast march to production and the fall will bring more money into some of these undervalued gems we have here. The story will eventually travel.
One of these days I'll take a hard look at Ariguia. I had A bid in for a couple weeks but couldn't get a fill.
Checkmate
GWA.v Just posted a NI43 compliant $1.8 Billion deposit at 3 grams per tonne cut off and the market doesn't notice. I'm assuming the warrant overhang must be keeping it down. This would trade over .70 fully diluted if it were trading at the average of its exploration peers.
348,000 ozs Indicated (1,621,000 tonnes at a grade of 6.68 g/t Au)
838,900 ozs inferred (4,342,000 tonnes at a grade of 6.01 g/t Au)
Incredibly undervalued. All the key elements are there.
Great Management exp with the big companies
Large resource They passed the 1 million oz thresh hold
Great Grades over 6 gpt Thats $350 rock without base metals!
Jurisdiction The best in Canada
Infrastructure Already there
Upside potential to multi million oz property
On going Metalurgy & Economis studies & more drilling
No problems getting financing
This is one of the one in 1000 explorations companies that will become a mine IMO
Greg Romain, President and CEO of Gowest commented, "We are extremely pleased to quantify the substantial increases in the gold resource at the Frankfield East Deposit resulting from our 2010/11 drilling campaigns. As the deposit remains open and unexplored at depth, we are confident that the ongoing drilling program will continue to demonstrate additional gold. We are also very encouraged by the sensitivity analysis completed which clearly demonstrates the robust nature of the deposit and the fact that the majority of the ounces are contained within high- grade structures that minimize potential impacts from fluctuations in gold prices. It is becoming increasingly apparent that the Frankfield East deposit has the characteristics of a multi-million ounce gold deposit."
Whats not to like here? Anyone else have a comment? I think the only problem is time.
Checkmate28
Mart Resources. Want to thank the board and CL001 for MMT. Been patient waiting for the market to give some credibility. One of my favorite stocks now and going forward.
GWA vs MAO vs auriga
I think with MAO has been able to put up some big News headlines of very high grades for very short distance by hitting a couple of those veins causing big interest in the stock. I think overall, its consistency and average grade that will make the job easy and GWA has the consistent continuity with much better avg grades then MAO.
GWA is also open at depth and along strike and at surface as the surface could not be explored previously because they did not own the adjacent property needed to get the angled holes in. They own it now. There are some nice slides on the presentation showing the current vs the upside on the Frankfort property. There resource update tomorrow should have to 900 meters. Neighbors Lakeshore Gold are drilling past 1500 meters with even higher grades then GWA. LSG has a 1.4 billion market cap and their flagship property is west side of Timmons.
The narrow and possibly hard to find veins at Auriga was/is the reason I access additional risk to them and they still have to prove themselves better then previous mgt in that area. Im sure better technologies today will make the job easier.
I'm looking forward to the GWA conference call tomorrow. I think it will include a NI43-101 1,000,000+ resource and a very welled planned 2nd half gear up towards production. If that happens, GWA will prove a gift in the 30'S. I think the market has been waiting to see if management can pull this off.
Checkmate
Gowest Gold Announces Conference Call Wednesday 11am ET Corresponding to Updated Resource
TORONTO, ONTARIO, May 31, 2011 (MARKETWIRE via COMTEX News Network) --
Gowest Gold Ltd. ("Gowest" or the "Company") (TSX VENTURE: GWA)(OTCBB: GWSAF)(FRANKFURT: 1GW) will announce the Company's National Instrument 43-101 updated gold resource before the market opens on Wednesday, June 1, 2011.
A conference call will be held on Wednesday, June 1, 2011 starting at 11am Eastern Time. Senior Management will be on hand to discuss the results.
Conference Call Access:
-- Canada & US Toll Free: 866-696-5910 -- International & Toronto: 416-340-2217 -- Pass code: 1018302
Archive Call Access:
If you are unable to attend the conference call, a replay will be available until midnight, June 8, 2011 by calling the appropriate number below:
-- Local Toronto Participants: 905-694-9451 -- North American Toll Free: 800-408-3053 -- Pass code: 5768187
About Gowest
Gowest is a Canadian gold exploration and development company focused on the delineation and development of its 100% owned Frankfield East gold deposit. Gowest is exploring additional gold targets on the 60 square kilometre land package it controls and continuing to evaluate acquisition targets in the vicinity of the Pipestone Fault area, part of the prolific Timmins, Ontario Gold Camp.
Forward-looking statements
This news release contains certain "forward looking statements". Such forward-looking statements involve risks and uncertainties. The results or events depicted in these forward-looking statements may differ materially from actual results or events. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE.
Contacts: Gowest Gold Ltd. Greg Romain President & CEO (416) 363-1210 info@gowestgold.com Gowest Gold Ltd. Rory Quinn Investor Relations Toll Free: (877) 363-1218 or (416) 363-1210 ext. 208 roryq@gowestgold.com
SOURCE: Gowest Gold Ltd.
mailto:info@gowestgold.com mailto:roryq@gowestgold.com
Copyright 2011 Marketwire, Inc., All rights reserved.
GWA.V vs MAO.v While I haven't done a full comparison. Nearby Maudore (MAO) has 1.2 million ounces NI43-101 gold at 4.6 g/t. They are worth $131M mkt cap now. GWA is currently valued at about $30 million this morning. I like grades better, and jurisdiction better for GoWest. I think Maudore is a little further ahead in time giving Investor relations more time to get the word out.
Again this assumes GWA comes through with the 1,000,000 at 6.5 gpt
Coin Gowest GWA.v vs Aurgia
I like Aurgia but the big difference now is risk. I'll put an if to this. If Gowest puts out the NI43-101 with 1,000,000 oz. I believe its a given this week though. Thats a billion $ plus deposit.
Gowest Frankfield project will be straight forward towards production beginning as early as this fall. They don't need to look for narrow veins of gold. They have it all over. There has been near perfect continuity in all their holes and they have much near surface gold. Near surface infill drilling this year should put 500'000 ounces from Inferred to M & I categories and they can just load and ship the ore. They do not need a mill as their located in Timmins ON. 70 million ounces of gold has come out of the Timmons camp and the locals know their jobs. Thats what they do. I don't know if there is a better jurisdiction in all of Canada for mining companies. Rail and truck routes are there NOW ready to ship ore. Company told me they've had meetings already and local processors can handle the job at reasonable cost adding 50 to $100 per ounce over in house processing while they fund a mill with cash flow. Their are still 20 million in warrents at .30 with forced exercise at .40. This will help funding going forward and I believe their is plenty of value to absorb those. Fully diluted at 1,000,000 oz, they are worth .69 per share at a low $90 insitu per ounce. They are nearing the sweet spot in the PPS curve IMO and nearing production they will be worth $135 per ounce insitu for further gains.
For upside, their is much. The Frankfield East gold deposit, is the first new discovery in Timmons in a long time and there is a lot of talk from the locals. I know this. This is not a property that was already mined as Auriga. Their is plenty of exploration upside at that property after the 1,000,000 oz, plus they just acquired an option for the very promising Pipestone property. I believe they have a very good potential to have a multi million ounce combined deposit. They are projecting 100,000 oz per year production vs Aurgia's 50,000.
I like Aurgia and their lower market cap but haven't purchased yet. I think I have time to see if they can prove themselves more. I missed the cheap shares on your initial call.
Hope this helps somebody.
GoWest is going to have a nice week
Checkmate28
EGZ.v ENZR The best thing since Lithium.
Nice Write up. Vanadium Redox Tech looks to be the wave of the future. A car went 600km on a single charge and there are 35000 charges available from a Vanadium supercharged Lithium battery.
One of the companies with access to vanadium pentoxide is Energizer Resources (OTCBB: ENZR).
The company 100% owns a very large vanadium pentoxide resource in Madagascar. It has the support of the local government, infrastructure being built by a local thermal coal project, and is already in negotiations with steel and battery producers.
As vanadium demand grows, Energizer Resources could benefit as it brings its resource online. And so could its shareholders.
The 100% owned Green Giant vanadium project, located in Madagascar, is one of the largest vanadium deposits in the world. Energizer is the only company actively targeting to produce a battery-grade vanadium pentoxide (V2O5).as a primary product
Energizer’s deposit is unique from other known Vanadium deposits because it is sediment-hosted and not magnetite-hosted like the majority of other known Vanadium deposits. As a result, Energizer expects to produce a clean liquor requiring less processing to produce the high purity (.98.4%), battery-grade V2O5
This high grade Vanadium brings a %100 premium on the market now as the high grade V2O5 or Vanadium Pentoxide is whate required for the Battery technology.
By comparison, American Vanadium grades are much lower and therefore will be producing the lower grade V205 used for the steel industry.
Checkmate
Great posts! Love the website and the article out on Vanadium by Energy and Capital mentioning ENZR.
I agree on low 40's being a great entry into what might become the next hot resource.
I'm glad Byron Capital helped me to lead up.
GLTA
Checkmate
EOM Re Gowest gold. About .69 per diluted share on the upgraded 1,000,000 ounces of Gold. Warrants start at .30
They are funded for this years drilling. By year end, they should have 1.5 million oz gold with 500k moved to the M & I category as they infill drill near the surface. Economic study out in Q3 should really get things moving.
I believe with these resources, grades and POG, production is a given. Their located in Timmons ON. 70 million ounces of Gold has come out of the area. They could ship ore to any of several local processing via rail or trucks already there while they build a processing plant. I was told that people are in line to fund them.
I think the market is waiting to see if management can get this done.
Checkmate
Coin RE GoWest Im not trying to rush or push you if your interested in Gowest but IMO about %90 sure that resource update is coming this week.
Now with the market this bad I wouldn't be surprised if it comes out and we get a penny move.
Its exploration peers in the Canadian abitibe greenbelt region are getting avg $85 in market cap for each ounce of gold in ground. exp/developers are getting around $137 With 96mil shares GWA should be at .45 now with the 500,000 oz and double that with the updated resource if they hit target 1,000,000 oz.
I'm just hoping to see .45 in a couple weeks.
Rory Quinn
Investor Relations
T 416.363.1210 ext. 208
roryq@gowestgold.com
GL Checkmate
Coin Re AIA I think juniors are only getting valued for what they have NOW maybe, and nothing for future value. Just not enough speculators. I think some money went away in May, some to the larger producers and the big traders are setting the market up by shorting and manipulating the media to squeeze the retail traders out while they get ready to go long. Another 4 to 6 weeks and our good ones will all be singing. As long as the economy doesn't melt I'm not worried.
My Gowest is about to announce 1 million oz NI43 101 high grade gold, coming PEA in Q3 and temporary plans to sell the ore while they plan up a mill. Their sitting below 30mill MC.
Great call on silver by the way!
My big 6 longs are AUN.v GWA.v EGZ.v NVT.v MMT.v GORO
Looking real hard at Romios Gold right now!
GL Checkmate
JohnPaull ACV Perhaps some of that money is moving to EGZ today as their resource dwarfs that of ACV with the grades no where near.
ACV 18 Million tons, .029% avg grade, .23 cutoff, 65%recovery
EGZ 60 Million tons, .07% avg grades,.5 cutoff, 82% recovery (50 Million tons indicated 10MT inferred)
EGZ resources are based on drilling only 25% of the 18 mile vanadium trend which extends across 21 kilometres of Energizer’s property. All has shown to be mineralized.
What if EGZ used the same cutoff???
EGZ 890million lbs (Indicated and Inferred) at $7 at 80% recovery $5.7 billion
Energizer gives ACV being nearer to production.
EGZ.v EGZR Energizer Resources UP %28 on heavy volume on todays news.
ENERGIZER RESOURCES' GREEN GIANT VANADIUM PROJECT VISITED BY MADAGASCAR'S PRIME MINISTER, MINISTER OF MINES AND OTHER KEY OFFICIALS
5/24/2011 8:05:19 AM - Market Wire
http://tmx.quotemedia.com/article.php?newsid=41596047&qm_symbol=EGZ
Green Giant Vanadium project is huge and grades are excellent.
EGZ 60 Million tons, .07% avg grades,.5 cutoff, 82% recovery (50 Million tons indicated 10MT inferred) NI43-101 COMPLIANT. Upgrades coming
EGZ NI-43-101 resources are based on drilling only 25% of the 18 mile vanadium trend which extends across 21 kilometres of Energizer’s property. All has shown to be mineralized.
There is a resource update due out soon as well as a PEA study due out due in Q3.
Application for TSX about 55 days ago. Answer pending.
My opinion here. ACV.v - American Vanadium's recent financier Byron Capital and their battery analyst Jonathan Lee put out negative articles as a smear campaign directed at Energizer because EZY chose not to use them for financing. Instead EZR got 14 million in recent financing at much better rates themselves.
I believe the PEA study being overseen by George Annandale a World expert for 30 years on Vanadium processing will blow Lees words out out of the water. The company has internal information that justifys the PEA.
Checkmate
Nice Move off the bottom.
Looks like things are shaping up and contrary to Mr Johnathan Lee and his pitch for American Vanadium. Looks like there is some real interest in Energizer after all. About 14 million counts of interest with the financing and now the Government of Madagascar. Wait until George Annandale gets in town and news of the PEA starts flowing. I would thank Mr Lee for helping me to the cheap shares.
Maybe ACV investors are jumping ship as they find the potential here to be more compelling.
Aurcana U tube Update: Lenic Rodriguez gives an update on Aurcana's Silver mines in Mexico & Texas from
Things are about to get started here I believe. News of NI43-101 compliant 1 million oz gold at grades avg 6 - 7 grams per ton coming this month. 1 million ounces, thats over a billion $ deposit for a market cap of 30 million now. Thats value. Their not looking for Gold, they have it. PPS has been drifting as the 3rd party is late with the report I believe and people are tired of waiting. Not many sellers but not many bids either.
They ought to be worth $90 in market cap per ounce on the low end, (over .80/share) for a 1,000,000 oz Gold insitu value, with avg grades over 6 grams per tonne, open for expansion with good infrastructure and coming plans for producing 100,000oz/yr. Local comparable explorers get from $90 to $135 in MC per insitu OZ. They've been hitting consistant grades on nearly every hole. Excellent management worked with the local majors for many years. Feasibility study projected for early fall plus larger resource numbers still. Their in Timmons ON so they can ship the ore anywhere local via railways and infrastructure that is already there. This is a straight forward operation. 1 million ounces with those grades will make a story.
This is the first new discovery in Timmons in a long time and there is a lot of talk from the locals. I know this. This has the potential to be a 2-3 million oz company and they've alredy been talking with local smelters to ship ore for cash flow soon, while they plan and build a mine. Infill drilling could move 1/2 million Inferred to M & I categories. They are drilling to 900 meters with high grades lower. Local Lakeshore Gold is drilling over 1500 meters at their flagship property in Timmons as well.
Call Rory Quinn company IR. He answers the phone.
great article here. Text below.
http://www.resourceintelligence.net/gowest%E2%80%99s-frankfield-gold-project-on-growth-trajectory-updated-43-101-resource-estimate-expected-in-march/16777
Checkmate28
GoWest Gold GWSAF .30 Heads up. See below
My largest position and I added again today. They are going to put out News of NI43-101 compliant 1 million oz gold at grades avg 6 - 7 grams per ton by next week. Trust me on this. If not, at least watch and remember for next time. 1 million ounces, thats over a billion $ deposit for a market cap of 30 million now. Thats value. Their not looking for Gold, they have it. PPS has been drifting as the 3rd party is late with the report.
They ought to be worth $90 in market cap per ounce on the low end, (over .80/share) for a 1,000,000 oz Gold insitu value, with avg grades over 6 grams per tonne, open for expansion with good infrastructure and coming plans for producing 100,000oz/yr. Local comparable explorers get from $90 to $135 in MC per insitu OZ. They've been hitting consistant grades on nearly every hole. Excellent management worked with the local majors for many years. Feasibility study projected for early fall plus larger resource numbers still. Their in Timmons ON so they can ship the ore anywhere local via railways and infrastructure that is already there. This is a straight forward operation. 1 million ounces with those grades will make a story.
This is the first new discovery in Timmons in a long time and there is a lot of talk from the locals. I know this. This has the potential to be a 2-3 million oz project and they've alredy been talking with local smelters to ship ore for cash flow soon while they plan and build a mine. Infill drilling is going on now to move 1/2 million Inferred to M & I categories. They are drillint to 900 meters with higher grades lower. Local Lakeshore Gold is drilling to 1500 meters and their flagship property is in Timmons as well.
Call Rory Quinn IR. He answers the phone.
great article here. Text below.
http://www.resourceintelligence.net/gowest%E2%80%99s-frankfield-gold-project-on-growth-trajectory-updated-43-101-resource-estimate-expected-in-march/16777
Checkmate28
GWA.v GWSAF Gowest Gold. Its a gift. Just added 15k GWSAF at .334. This company is so undervalued considering the resource update to be released. 1 million oz from NI43-101 anyday and open for much expansion. Also think its a straight forward path to very profitable production of 100,000 oz per year from the highest historical production area for Gold in all Canada. Grades are high.
I believe the resource report is being held back so as to get everything they can into it as they are very busy with forward progress. Its a straight forward operation in my opinion without the new property, and a shoe in for the 1 million ounces any day. Low risk here for that news.
I'm excited for the chance that they may put out some news that will knock our socks off pertaining to their internal estimates for the future including the new pipestone property. This is the wildcard.
Stay tuned big progress is close.
Checkmate
ACV 18 Million tons, .029% avg grade, .23 cutoff, 65%recovery
EGZ 60 Million tons, .07% avg grades,.5 cutoff, 82% recovery (50 Million tons indicated 10MT inferred)
EGZ resources are based on drilling only 25% of the 18 mile vanadium trend which extends across 21 kilometres of Energizer’s property. All has shown to be mineralized.
What if EGZ used the same cutoff???
EGZ 890million lbs (Indicated and Inferred) at $7 at 80% recovery $5.7 billion
Cant wait to see the next chapter of this story
ACV Investor relations Please correct me if I am wrong. Thank You
Opps I was assuming he American Vanadium IR was on this site helping us all out as they are on Stockhouse EGZ board.
Checkmate
George Annandale, , a world-renowned vanadium expert, 30 years of international experience and consultant to the Company, said, "Armed with the promising results from the metallurgical test work conducted by SGS Lakefield, I am confident that we will be able to optimize the conditions of the pre-roast and alkaline pressure leaching process to further enhance the economics of the project. The Green Giant project is well on its way to becoming one of the world's largest producers of vanadium., George added that, "The alkaline
pressure leach process which resulted in up to 82% vanadium extraction is
a well-established and proven technology that is in use today, in
particular, in connection with the treatment of uranium ores."
The 2011 metallurgical program being carried out at SGS Lakefield is being directed by George Annandale.
WHO is this George guy and what does he know anyways?
Balla Balla Vanadium Project – July 1999 to June 2000
Contracted by Thiess Contractors as consultant to oversee and review the design, construction and commissioning of a 6000 tpa Vanadium recovery facility to produce fused flake from a titaniferous magnetite containing 0.75% V2O5. Process covers the mining , beneficiation and recovery of the vanadium. The vanadium recovery includes roasting with a kiln to solubilise the vanadium, leaching, counter current washing, precipitation , calcining and fusion of the vanadium. Also included are the environmental issues and infrastructure.
Process and Mining Consultants (PMC) - January 1988 to January 1989
Designed a V2O5 facility. This was on the same scale as the Balla Balla facilty. This was done for a feasibility study but has not progressed to project status yet.
Built and commissioned 2 minor gold processing plants, one in Nelspruit and one in Pelgrimsrust, processing 100 000 and 200 000 tonne/month ore. The Nelspruit unit recovered gold via CIL/carbon elutriation/bullion production. It also incorporated a carbon regeneration facility.
African Exploration - January 1987 to July 1987
Designed the process for this V2O5 facility for African Exploration. The facility was built and commissioned by IMS. Consequently IMS used this information and their experience at Vantech to build the Rhovan facility as well.
Rhombus-Rhovan August 1989 and again in July 1990
Did a due diligence on Rhovan process for USCO. Also reviewed the Rhovan design for Lurgi when they submitted a tender to design and build the Rhovan Facility. They lost the bid to IMS.
Van Eck and Lurie: January 1982 to December 1983
Was responsible for managing the design and proposals for minerals processing plants as the Marketing Manager. All Process design engineers reported to the Marketing Manager, who also carried the process design responsibilities.
During this period various coal washing and diamond recovery plants were tendered for successfully. Of note is the following project:
Optimum Colliery.
A Project with General Mining for a Coal Washing Plant of 2000 tonne/hr was designed, constructed and commissioned in 21 months.
The project started with inpit crushing, overland conveyor with stackers and reclaimers feeding a coal washing facility with 3 parallel drum and cyclone washing modules. The fines were filtered with belt/drum filters. The high purity coal was exported through a rapid load-out facility. The middlings were used for power station feed in a 6x100MW power station and waste was discarded.
The plant was commissioned in 4 months from pre-commissioning to 100 % of design.
Union Carbide : September 1970 to December 1981
Production Superintendent – January 1971 to August 1972
. Converted an existing V2O5 facility from a 1.5 million lbs/yr to 3.5 million lbs/yr by debottle necking.
. Erected a forced circulation double effect evaporation plant to treat the effluent. The process developed recovered the sodium sulphate to recycle to the roast circuit and ammonium sulphate to recycle to the precipitation circuit. This turned the process into a zero discharge facility.
. Constructed and commissioned a Vanadium Carbide and Vanadium Nitride facility from research data developed by the Union Carbide Niagara Falls Research Facility.
Project Manager – September 1972 to December 1973
. Identified and developed process to upgrade ore from 0.7 to 2.1 % V2O5 with laboratory scale equipment.
. Designed, built and commissioned a crushing and milling facility with van Eck and Lurie to provide the upgraded feed to the Pretoria facility.
Technical Manager - January1974 to April 1975.
Transferred to Hot Springs, Arkansas to resolve bottlenecks and mining related problems at the 12 million lbs / year Vanadium facility at Hot Springs, Arkansas.
Project Manager – April 1975 to February 1976
. Designed, built and commissioned new facility, to produce 12 million lbs. V2O5/annum at the Brits mines location, based on laboratory scale operation.
. The process started with crushing, screening, milling and magnetic separation to provide clean titaniferous magnetite to the kiln. The 4mD x 80m long kiln are heated to 1250oC with sodium carbonate and sodium sulphate mixed into the magnetite.
The solubilised vanadium is leached and washed in a counter current wash circuit. The vanadium rich solution is filtered; ammonium sulphate is added to precipitate the vanadium. The precipitant is filtered, calcined and fused to produce the final product.
The effluent is evaporated to recover the excess ammonium and sodium sulphate for re-use.
. Van Eck & Lurie was the main contractor. The plant was built and commissioned in 18 months. The facility covers 15 hectares and included mining, all infrastructure and reagent handling.
. Commissioning to full-scale production took 6 months.
General Manager – February 1976 to December 1977
Managed the above facilities including the Pretoria works. Produced 17.5 million lbs./annum V2O5 as fused flake, carvan or nitrovan.
This is only half the resume for the rest see the link below
Link to George Annandale's extraordinary resume
http://www.autoclaves4hydromet.com/ABIGeorge.html
Jonathan Lee is just a boy.
Just found this site. Been posting some on Stockhouse. I searched before for EZR and never thought to search ENZR. In a nut shell, I purchased a couple times recently and think this is a steal waiting for a PEA study confirming the metalurgy is good. That is unless Bryon Capital Specialist Superstar is correct.
Jonathan Lee
Battery Materials and Technologies Analyst, Equity Research
Prior to joining Byron in 2010, Jonathan had over seven years of professional industry experience in the manufacturing and engineering sectors. He previously worked in an engineering capacity preparing feasibility studies for economic assessments and engineering designs for construction projects.
Wow impressive except I don't see anything about Vanadium, OR any on the job consulting or working with any Vanadium processing companies. Give me a break, this guy is just a boy, still wet behind the ears. He a salesman out to lynch the company they failed to finance. Energizer got $14 million without them and at a better price.
Next post continued
2011 RANKING OF COUNTRIES FOR MINING INVESTMENT
Thought this was relevant to the current posts
http://www.miningminnesota.com/uploads/2011_Country_Ranking.pdf