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Global Prospecting Ventures (GPVN) Acquires Canadian Gold Properties
SAN FRANCISCO, July 6 /PRNewswire-FirstCall/ -- Global Prospecting Ventures, Inc. (Pink Sheets: GPVN) has signed an option agreement to acquire a 100% interest in the Iron Horse, Boliver and Silver King claims, a 3120 acre (52 unit) gold property located in south central British Columbia.
Early exploration of the claims dates back to 1898, when shafts and tunnels were dug on gold and silver bearing quartz veins exposed on the property. Previous gold mineralization, discovered by drilling and sampling of known surface showings, was partially the result of a program funded by Placer Dome and Fairfield Minerals Ltd.
More recent prospecting and sampling of trenches have identified mineralization with high gold values. Fine visible gold has been identified within marble containing disseminated pyrite and arsenopyrite.
Some surface sampling results are as follows:
-- A continuous chip sample garnetite skarn with 2% arsenopyrite assayed
15.6g/t gold over 1.5 meters.
-- A section across a garnet skarn near the foot wall contact of a low
angle fault assayed 38.3 g/t (1.12 opt) gold over 1.5 m.
-- A section across an arsenopyrite vein with a clay gouge yielded 15.7
g/t over 0.8m.
-- A section of altered diorite with disseminated pyrite and arsenopyrite
assayed 8.2 g/t gold over 2 m.
Grab sampling of surface exposures have returned values ranging from 0.16 to 11.19 opt gold and several large gold geochemical soil anomalies have been defined over an area greater than four and one half kilometers in length. The concentrations of gold in the soil deemed to be anomalous ranges from 20 ppb to 50 ppb; with areas of higher gold in soil ranging upwards of 490 ppb.
Some drilling results on the property are as follows:
-- A section of fine grained siliceous rock yielded 14.33 g/t Au over 1.52
meters,
-- A section of altered, sericitized and silicified sheared mudstone with
traces of pyrite and arsenopyrite assayed 16.2 g/t Au over 1.0 m. This
intersection was within a section averaging 9.38 g/t Au over 2.5 m.
-- Hole 88-20 assayed 5.8 g/t Au over 6 meters. Within this intersection a
3 meter section assayed 9.2 g/t Au.
-- Assays greater than 0.5 g/t gold came from all 12 holes drilled and no
one lithology was favored. Gold bearing intersections have been
included in skarn, marble, diorite and granodiorite, quartz veins,
limestone, argillite, and andesite all containing traces of pyrite.
Sampling by the BC Geological survey has identified highly anomalous values in copper, zinc, gold, silver, bismuth and cobalt. One such sample ran up to 1 percent copper and 19 g/t gold and 13 g/t silver.
Previous operators of the property have outlined large areas of gold mineralization that occurs in several types of litholigies over a four and one half kilometer strike length. High grade gold intercepts have come from volcanic, sedimentary and intrusive rocks on the property.
Because of the wide spread nature and various types of occurrences of gold, and the fact that visible gold have been found within a marble unit with arsenopyrite, Global's focus, in the next stage, will concentrate on a re-sampling program in order to correlate existing high grade gold intercepts and further exploration for a large bulk tonnage type of deposit.
This press release contains "forward-looking" statements as that term is defined by Section 27A of the Securities Act of 1933 (the "Securities Act"), as amended, and Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"), as amended. All statements that are included in this press release other than statements of historical fact are "forward-looking" statements. Although management believes that the expectations reflecting in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors could cause actual results to differ materially from the expectations as disclosed herein, including without limitation, in conjunction with these forward-looking statements contained in this press release.
Contact: Matt Hansen of Global Prospecting Ventures, Inc., +1-415-706-0993, or info@globalprospectingventuresinc.com.
SOURCE Global Prospecting Ventures, Inc.
-0- 07/06/2005
/CONTACT: Matt Hansen of Global Prospecting Ventures, Inc.,
+1-415-706-0993, or info@globalprospectingventuresinc.com/
/Web site: http://www.globalprospectingventuresinc.com/
(GPVN)
GLOBAL Prospecting Ventures Announces Interest in Kimberlite Pipe
Wednesday May 25, 9:00 am ET
SAN FRANCISCO, May 25 /PRNewswire-FirstCall/ -- Global Prospecting Ventures, Inc. (Pink Sheets: GPVN - News) wishes to announce that the Company has entered into an Option Agreement with Aztec Mining Corporation (Pink Sheets: AZTM - News) to acquire an undivided 49% interest in four mineral claims located in the Southern Mining District of Saskatchewan, Canada.
The claims, containing the diamondiferous kimberlite pipe formerly known as the "Carolyn" are located in the Fort a' la Corne (FALC) forest which is the largest accumulation of diamondiferous kimberlites discovered to date in the world. Approximately 75% of the kimberlites in the FALC forest have been confirmed diamondiferous and about 50% contain macrodiamonds.
A drill program is scheduled for this summer to further delineate the Early Joli Fou. Ivan Young will act as the operator.
"With Shore Gold's successful bulk sampling results earlier this month and the commencement of a prefeasibility study on the Star Diamond Project, Global is looking forward to this diamond exploration opportunity with Aztec," stated Judy Tayler, President of Global.
As a part of the agreement, Global and Aztec will exchange shares and distribute a dividend to shareholders in the near future.
This press release contains "forward-looking" statements as that term is defined by Section 27A of the Securities Act of 1933 (the "Securities Act"), as amended, and Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"), as amended. All statements that are included in this press release other than statements of historical fact are "forward-looking" statements. Although management believes that the expectations reflecting in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors could cause actual results to differ materially from the expectations as disclosed herein, including without limitation, in conjunction with these forward-looking statements contained in this press release.
CONTACT:
GLOBAL Prospecting Ventures, Inc.
Matt Hansen: (415) 706-0993
Fax: 415-921-1592
http://www.globalprospectingventuresinc.com
Scott Tobia
Aztec Mining
317-566-2169 Office
317-566-2062 Fax
http://www.aztecmining.com
PR today.....look for 3 more in the next 2 weeks plus
http://finance.yahoo.com/q?s=gpvn.pk
ARIOF is beginning a large promotion this week. Now is a good time to get in and check them out. Expect PR this afternoon at 4.
There will be a PR out before 10am PST. Also, spoke with Judy and she said that she has been receiving emails but while the website was being updated some might not have made it to her. Perhaps try again if your question still remains unanswered. Thanks
Good day.
GPVN has received confirmation from DTC(finally) which means deal is within day or two from completion. Look for PR first thing next week.
Leb,
As I told others on this board who called me I cannot discuss all the info on this board but will gladly speak with you on the phone. For the record though, Shaun and other directors have ALL of their shares. You heard correctly regarding Marvin Bear and his fellow crooks and yes that is the primary reason for the roll back....for more info, you know the number....
Then you can write all that you want....
Fair questions. 415.706.0993
What is this, the Lebanesesproud board?
Anyhow, look for a PR before close.
Leb. if you can put your personal grudge for Shaun aside for a moment and call the company for info. rather than pulling it out of your bias ass- then perhaps you can refrain from tainting this board. If you have any questions I would be more than happy to speak with you.
The Co. apologizes for the delay and expect more news come Sept.
No point in having you wait until Friday. To my dismay, the Co. was unable to produce the PR wanted for today. There is a process (essentially paperwork) that is taking longer than expected. It is out of the Co's hands so we are waiting along with you. All I can say is next week?
GPVI's new transfer agent will be Tayler & Associates, just completed today. Expect a PR the latter part of next week. Also, to come will be news on, finance deal, new properties, current properties, outlook of newly structured company over the next year etc. Expect a busy Sept.!!!
Its tough to say when an offical release will be sent out but there has been progress made just today regarding a finance deal. However, the details can be excruciating so perhaps.......with any luck before the 23rd? I will post updates weekly.
Thanks
Perhaps there was talks. The company was trying to clean up the market that was destroyed by the former insider, to figure how much he(and his 2 associates) put out there.
We know what was put out there, thanks to the transfer agent(Pacific), however, due to cost, convenience and paperwork the company is considering being its own transfer agent.
The company is still looking out only for the best interest of the shareholders. Thanks for your patience.
In regards to the phone call I received last week, (I don't know who you are)here is an update as you requested.
There have been no serious talks of a reverse split from what I am told.
The company has not failed on its properties, but has been delayed.
There are a couple of financing deals in the works as we sit, but those take time.
The light at the end of the tunnel is within reach and patience will help.
Good day.
It seems as though TSXminer is the only individual here who knows what he/she is talking about. GPVI is a far greater investment than the others mentioned. Kingdiamond should place his personal grudge with Shaun aside and invest on the land. I called their IR people and the drop in price makes sense considering one of their initial investors tanked the stock and they have been in the process of cleaning his mess up for the last month. Bottom Line: the stock price is in no way reflective of the companies quality of land. Good day