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Another great day up another 8% $1.19
Nice volume last few days too.
Lots of value to be unlocked here.
Pretivm has been quite amazing last few days. Certainly not unexpected, but a bit surprising how fast its unfolding.
Anybody have price targets or areas they are looking to take profits?
PVG.TO nice late day move to finish up $0.51 to $8.00. Closed at the high of the day on larger than normal volume for second day in a row!
PVG.TO nice late day move to finish up $0.51 to $8.00. Closed at the high of the day on larger than normal volume for second day in a row!
Another nice day!
Pretivm PVG.TO PXZRF still on fire, up another $0.20 $7.69
Great day today! +16.12% to $7.49 and much more to come!
also AUMN-like...
Terrific day today!
And much more to come
And the real catalysts have not even started yet. Analyst coverage, updated resources, new drill results, etc.
Took my biggest starting position ever in this one, and still I wish I would have bought even more lol.
Bid ask getting a bit crazy up here. Retail shares are extremely thin.
Nice action today up almost 10%!
PVG.TO Pretivm
Awesome - Something to look forward to for sure. PXZRF pushing $7 right now on my scottrade real time streamer. These equivalents for Canadian stocks appear to be acting much improved as proxies compared to recent past.
Kaboom goes gold! Back over 1350
PVG.TO +0.10 $6.55 pushing towards new all-time high (6.60)
It could well be the best performing gold stock over the past month. (Except for FRG today). I am extremely confident in this stock this year.
Big takeovers are back?
FRG up almost 40%
Newmont Expands Nevada Growth Potential With Acquisition of Fronteer Gold
http://finance.yahoo.com/news/Newmont-Expands-Nevada-Growth-prnews-3301254663.html?x=0&.v=1
Pretivm Establishes Head Office and Converts Note
http://finance.yahoo.com/news/Pretivm-Establishes-Head-iw-3218054430.html?x=0&.v=1
VANCOUVER, BRITISH COLUMBIA--(Marketwire - 02/01/11) - Pretium Resources Inc. (TSX:PVG - News) ("Pretivm") is pleased to report that Robert Quartermain, CEO and President, along with Joseph Ovsenek, Chief Development Officer and Vice President, Kenneth McNaughton, Chief Exploration Officer and Vice President, and Kenneth Konkin, Snowfield and Brucejack Project Manager, continue to expand the management and project teams with experienced industry professionals focused on creating shareholder value as they advance the Snowfield Project and the Brucejack Project (the "Projects"). In order to accommodate the continued expansion of its management and project teams, Pretivm has established its head office at 1600, 570 Granville Street, Vancouver, BC V6C 3P1, with Nicola Fairweather as office manager.
Since the acquisition of the Snowfield Project and the Brucejack Project in December 2010, Pretivm has been focused on advancing resource estimates for the Projects incorporating the 51,100 meters of drilling that was completed on the Projects during the third quarter of 2010. An update of the September 2010 Snowfield resource estimate is underway incorporating the approximately 18,000 meters of drilling in 44 drill holes completed in 2010. For Brucejack, two resource estimates are underway incorporating the 33,100 meters of drilling in 73 drill holes completed in 2010: a higher-grade resource estimate focusing on gold mineralization grading greater than three grams of gold per tonne; and an update of the December 2009 bulk tonnage resource estimate. All three of these resource estimates will now be completed in the first quarter of 2011 and continue to be Pretivm's current priority.
Pretium also reports that it has issued an additional 3,625,500 common shares to Silver Standard Resources Inc. ("Silver Standard") in final settlement of the convertible promissory note issued to Silver Standard in connection with the acquisition of the Projects. With this issuance, Silver Standard's ownership interest in Pretivm is 42.31% of the total issued common shares of Pretivm.
About Pretivm
Pretivm is a start-up company that intends to acquire, explore and develop gold and precious metals resource properties, initially in the Americas. Pretivm has 100% interest in the Snowfield and Brucejack Projects in northern British Columbia; combined they represent one of the largest underdeveloped gold resources in North America. Pretivm's near term objectives are to focus on the high-grade gold opportunity at Brucejack, to advance the Projects to pre-feasibility and to explore for and acquire other precious metal resource properties.
(SEDAR filings: Pretium Resources Inc.)
Forward Looking Statement: This Press Release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information may include, but is not limited to, information with respect to our plans, costs and timing for future exploration (including updated resource estimates) and development activities, results of future exploration, timing and receipt of approvals, consents and permits under applicable legislation, production and developments in our operations in future periods and adequacy of financial resources. Wherever possible, words such as "plans", "expects" or "does not expect", "budget", "scheduled", "estimates", "forecasts", "anticipate" or "does not anticipate", "believe", "intend" and similar expressions or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, have been used to identify forward-looking information.
Statements concerning mineral resource estimates may also be deemed to constitute forward-looking information to the extent that they involve estimates of the mineralization that will be encountered if the property is developed. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "plans", "projects", "estimates", "assumes", "intends", "strategy", "goals", "objectives", "potential" or variations thereof, or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking information. Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation, those risks identified in Pretivm's final prospectus (Pretium Resources Inc.) filed on SEDAR at www.sedar.com. Forward-looking information is based on the expectations and opinions of Pretivm's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise. We do not assume any obligation to update forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable law. For the reasons set forth above, prospective investors should not place undue reliance on forward-looking information.
The TSX has neither approved nor disapproved of the information contained herein.
Contact:
Contacts:Pretium Resources Inc.Robert QuartermainPresident604.558.1784604.558.4784 (FAX)Pretium Resources Inc.Investor Relations604.637.6823invest@pretivm.comwww.pretivm.com
PVG.TO Pretivm nice open up over 4% on a 40k+ trade.
What do you use to track prices in Toronto? I just use Yahoo with the 15 minute delay, but would love to have a real time option.
Any suggestions?
OT electric powered vehicles.
I live in the mountains and in the ice and snow. I don't need an SUV necessarily and in fact don't own one, but I don't know of any electric powered vehicle that suits my needs. At least not one that is widely available yet.
http://www.metaefficient.com/cars/100-electric-suv-recharges-in-10-minutes.html
Pretivm Expands Management Team
http://finance.yahoo.com/news/Pretivm-Expands-Management-ccn-3402742385.html?x=0&.v=1
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 28, 2011) - Pretium Resources Inc. (TSX:PVG - News; "Pretivm") is pleased to announce the appointment of key members of the management team as it advances the wholly-owned Snowfield and Brucejack Projects in northern British Columbia.
Kenneth C. McNaughton has been appointed Vice President and Chief Exploration Officer. Mr. McNaughton was most recently Senior Vice President, Exploration for Silver Standard Resources Inc. He had been responsible for developing and leading all exploration programs since 1991, and played a major role in the growth of Silver Standard. Mr. McNaughton holds a Bachelor of Applied Science degree and a Master of Applied Science degree in geological engineering from the University of Windsor and is a registered professional engineer.
Joseph J. Ovsenek has been appointed Vice President and Chief Development Officer. Mr. Ovsenek was most recently Senior Vice President, Corporate Development for Silver Standard, where his responsibilities included strategic development, as well as negotiating and structuring financings and transactions. Mr Ovsenek initially joined Silver Standard in 1996, and also played a major role in Silver Standard's growth. Mr. Ovsenek holds a Bachelor of Law degree from the University of Toronto. He is a registered professional engineer, and holds a Bachelor of Applied Science degree from the University of British Columbia.
Kenneth J. Konkin has been appointed Project Manager, Snowfield and Brucejack Projects. Mr. Konkin managed Silver Standard's exploration programs at the Snowfield and Brucejack Projects since exploration started in 2006, and was instrumental in their success. He started working with Silver Standard in 1993, and has 30 years of exploration experience in the region. He is a registered professional geologist, and holds a Bachelor of Science degree from the University of British Columbia.
About Pretivm
Pretivm is a start-up company that intends to acquire, explore and develop gold and precious metals resource properties, initially in the Americas. Pretivm has 100% interest in the Snowfield and Brucejack Projects in northern British Columbia; combined they represent one of the largest underdeveloped gold resources in North America. Pretivm's near term objectives are to focus on the high-grade gold opportunity at Brucejack, to advance the Projects to pre-feasibility and to explore for and acquire other precious metal resource properties.
www.pretivm.com
(SEDAR filings: Pretium Resources Inc.)
Forward Looking Statement: This Press Release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information may include, but is not limited to, information with respect to our plans, costs and timing for future exploration (including updated resource estimates) and development activities, results of future exploration, timing and receipt of approvals, consents and permits under applicable legislation, production and developments in our operations in future periods and adequacy of financial resources. Wherever possible, words such as "plans", "expects" or "does not expect", "budget", "scheduled", "estimates", "forecasts", "anticipate" or "does not anticipate", "believe", "intend" and similar expressions or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, have been used to identify forward-looking information.
Statements concerning mineral resource estimates may also be deemed to constitute forward-looking information to the extent that they involve estimates of the mineralization that will be encountered if the property is developed. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "plans", "projects", "estimates", "assumes", "intends", "strategy", "goals", "objectives", "potential" or variations thereof, or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking information. Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation, those risks identified in Pretivm's final prospectus (Pretium Resources Inc.) filed on SEDAR at www.sedar.com. Forward-looking information is based on the expectations and opinions of Pretivm's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise. We do not assume any obligation to update forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable law. For the reasons set forth above, prospective investors should not place undue reliance on forward-looking information.
The TSX has neither approved nor disapproved of the information contained herein.
Contact:
Robert QuartermainPretium Resources Inc.President604.558.1784604.558.4784 (FAX)Investor RelationsPretium Resources Inc.604.637.6823invest@pretivm.comwww.pretivm.com
Look at slide 21 at http://www.pretivm.com/i/pdf/CorporatePresentation.pdf
Seabridge has a 24.7 multiple (about average)
NAK not mentioned (perhaps due to the large copper content)
Pretivm is lowest multiple at just 17.8, and M&I gold is valued at less than $20/oz with my quick math (does not yet reflect new resource estimates due out first half this year after including last year's drill results).
Silver Standard Announces Senior Management Changes
http://finance.yahoo.com/news/Silver-Standard-Announces-iw-557745801.html?x=0&.v=1
VANCOUVER, BRITISH COLUMBIA--(Marketwire - 01/27/11) - Silver Standard Resources Inc. ("Silver Standard" or the "Company") (TSX:SSO - News)(NASDAQ:SSRI - News) announces changes to its senior management team. Kenneth McNaughton, Senior Vice President Exploration and Joseph Ovsenek, Senior Vice President Corporate Development are leaving the Company as of February 15, 2011 to pursue other interests in mineral exploration with Pretium Resources Inc.
"Ken and Joe have been instrumental in Silver Standard's growth and in positioning the Company for the future. We thank them for their contributions, and wish them well in their future endeavours," said John Smith, President and CEO of the Company.
Ron Burk, Chief Geologist, will assume responsibility for Silver Standard's exploration programs. Mr. Burk joined Silver Standard in 2004 and has over 20 years of experience in the development and supervision of exploration programs in North and South America.
John DeCooman, Vice President Business Development, will continue to provide leadership and direction for the Company's corporate development. Mr. DeCooman joined Silver Standard in 2009 and has over 15 years of experience in mining finance and business development.
Silver Standard is a silver mining company that seeks growth through discovery, the development of its project pipeline, and accretive acquisition opportunities.
To receive Silver Standard's news releases by e-mail, contact Michelle Romero, Communications Director at invest@silverstandard.com or call (888) 338-0046.
Cautionary Statements on Forward Looking Information: Statements in this news release relating to the estimated production of silver and all relating to the Pirquitas Mine are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and forward looking information within Canadian securities laws (collectively "forward looking statements"). Forward-looking statements are statements that are not historical facts and that are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. Such risks and uncertainties include, but are not limited to Silver Standard's ability to raise sufficient capital to fund development; changes in economic conditions or financial markets; changes in prices for the company's mineral products or increases in input costs; uncertainty of production and cost estimates for the Pirquitas Mine; risks and uncertainties associated with new mining operations including start-up delays and operational issues; risks relating to the interpretation of drill results and the geology, grade and continuity of our mineral deposits; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments in Argentina, Australia, Canada, Chile, Mexico, Peru, the United States and other jurisdictions in which Silver Standard may carry on business; technological and operational difficulties or the delay, non-compliance or inability to obtain permits encountered in connection with exploration and development activities; labour relations matters; and changing foreign exchange rates, all of which are described more fully in the company's most recent Form 20-F, and in the Management Discussion and Analysis under the heading "Risks and Uncertainties" and in other filings with the Securities and Exchange Commission and Canadian regulatory authorities. The Company does not intend, and does not assume any obligation, to update any forward-looking statements, other than as required by applicable law. (Source: Silver Standard Resources Inc.)
The TSX has neither approved nor disapproved of the information contained herein.
Contact:
Contacts:Silver Standard Resources Inc.Michelle RomeroCommunications Director(604) 484-8216 or N.A. Toll Free: (888) 338-0046invest@silverstandard.comwww.silverstandard.com
Great end of the day and after hours action today. Hopefully the bottom is in. Will be great to see some follow through tomorrow hopefully.
Big players may have been waiting to see if the fed would pull back on QE2. With the confirmation that its still all systems go with regards to money printing, the all clear is here for gold and silver to soar again.
Grateful to get into Pretivm back at near IPO price today, and happy to see the support of many respected names here.
IPO was on Dec. 21 2010
http://tmx.quotemedia.com/quote.php?qm_symbol=pvg&locale=EN
News Headlines for Pretium Resources Inc.
8:01 AM EST January 24, 2011
Pretivm Exercises Option to Acquire Property Interests - Marketwire Canada
9:54 AM EST January 10, 2011
Snowfield And Brucejack Drill Data And Planned Resource Estimates - Market News Publishing (Canada)
8:00 AM EST January 10, 2011
Pretium Resources Inc.: Snowfield and Brucejack Drill Data and Planned Resource Estimates - Marketwire Canada
10:45 AM EST January 06, 2011
PRETIUM RESOURCES INC. - UNDERWRITERS EXERCISE OVER-ALLOTMENT OPTION - Canada Newswire
10:39 AM EST December 21, 2010
Investment Industry Regulatory Organization of Canada Trade Resumption Re Pretium Resources Inc. - Market News Publishing (Canada)
Pretivm translates to: price, value, reward, worth, etc.
They have two BIG projects from Silver Standard as well as the distinguished Mr. Quartermain. Brucejack AND Snowfield.
“For Snowfield, an update of the September 2010 resource estimate is being prepared incorporating the approximately 18,000 meters of drilling in 44 drill holes completed in 2010.
For Brucejack, two resource estimates are being prepared incorporating the 33,100 meters of drilling in 73 drill holes completed in 2010: a higher-grade resource estimate focusing on gold mineralization grading greater than three grams of gold per tonne; and an update of the December 2009 bulk tonnage resource estimate.
All three of these resource estimates are expected to be completed in the first half of 2011 and are Pretivm's current priority.”
Previous estimates from 2009 put Brucejack and Snowfield at over 40Moz already (inferred +measured & indicated) – 51,000 meters of drilling in 2010 will add to that. And that completely ignores the Copper, silver, molybdenum and rhenium mineralization at Snowfield.
Even if you ignore last year’s drilling and all metals besides gold, and the tremendous exploration potential for more and the great management - just take into account the 26 Moz (M&I only) already there in terms of Total Enterprise value/resources – they are valued below any other similar project currently. Look at slide 21 at http://www.pretivm.com/i/pdf/CorporatePresentation.pdf
This calculation is a favorite of the funds/big money etc. But Pretivm is so new that other players have not yet had time to examine Pretivm on its own yet. Their analyst reports will come out soon enough and I expect a big move once that happens. Not to mention when new resource estimates and also new drill results come out.
I don’t ever really go for resource plays – prefer the near term production/ramping up production plays, but I could not resist this one.
Interesting, thanks, looks like it translates to: price, value, reward, worth, etc.
What article did you read? Private or can you share?
They have two BIG projects from Silver Standard as well as the distinguished Mr. Quartermain. Brucejack AND Snowfield.
“For Snowfield, an update of the September 2010 resource estimate is being prepared incorporating the approximately 18,000 meters of drilling in 44 drill holes completed in 2010.
For Brucejack, two resource estimates are being prepared incorporating the 33,100 meters of drilling in 73 drill holes completed in 2010: a higher-grade resource estimate focusing on gold mineralization grading greater than three grams of gold per tonne; and an update of the December 2009 bulk tonnage resource estimate.
All three of these resource estimates are expected to be completed in the first half of 2011 and are Pretivm's current priority.”
Previous estimates from 2009 put Brucejack and Snowfield at over 40Moz already (inferred +measured & indicated) – 51,000 meters of drilling in 2010 will add to that. And that completely ignores the Copper, silver, molybdenum and rhenium mineralization at Snowfield.
Even if you ignore last year’s drilling and all metals besides gold, and the tremendous exploration potential for more and the great management - just take into account the 26 Moz (M&I only) already there in terms of Total Enterprise value/resources – they are valued below any other similar project currently. Look at slide 21 at http://www.pretivm.com/i/pdf/CorporatePresentation.pdf
This calculation is a favorite of the funds/big money etc. But Pretium is so new that other players have not yet had time to examine Pretium on its own yet. Their analyst reports will come out soon enough and I expect a big move once that happens. Not to mention when new resource estimates and also new drill results come out.
I don’t ever really go for resource plays – prefer the near term production/ramping up production plays, but I could not resist this one.
Pretium Resources PVG.TO PXZRF.PK
Red tape appears to be gone as I was finally able to pick some up today near the IPO price of a month or so ago. This one snuck out over xmas and has yet to be recognized at all - extremely undervalued resource play.
Pretium Resources PVG.TO PXZRF.PK
Red tape appears to be gone as I was finally able to pick some up today near the IPO price of a month or so ago. This one snuck out over xmas and has yet to be recognized at all - extremely undervalued resource play.
Also from the link:
"The author holds a long position in Timberline Resources and TLR is a sponsor of GotGoldReport.com, but we would have chosen TLR for our 2011 Top Pick even if they were not one of our corporate sponsors."
Pretty common thing IMO. People work with companies they believe in. Would you rather him advertise/be sponsored by companies he dislikes?
AUN.v
I don't own it yet - I've been waiting for them to secure financing for Shafter, but now today they announce they have started construction. Are they going to be able to just use cash flow????
Aurcana Commences Construction at Shafter Silver Mine
http://finance.yahoo.com/news/Aurcana-Commences-iw-1391296062.html?x=0&.v=1
VANCOUVER, BRITISH COLUMBIA--(Marketwire - 01/21/11) - Aurcana Corporation (TSX-V:AUN - News) ("Aurcana" or the "Company") is pleased to announce that work has commenced on the 100 percent owned Shafter Silver Mine, located in Presidio County, southwest Texas. The site access road has been upgraded, geotechnical and survey work is underway, and plant site and portal earthworks are on track to be completed by April. The portal cut for the decline will be blasted and excavated in February. The first set of new and rebuilt underground mining equipment has been purchased and is scheduled to be on site for mining to commence on the decline in early March.
Key senior management personnel have been hired and are on site. All construction permits are in place. All long lead items such as the 14 ft ball mill and tailings filter presses have been secured and are scheduled to be refurbished. A 5-year off-take contract has been signed with the regional power supply company to upgrade the electrical substation which will provide power for the operation of the mine and mill.
A Ground Breaking ceremony with a first blast and a number of guests is scheduled for February 16, 2011.
The Shafter Silver Mine is scheduled to start silver production in mid-2012 which is estimated to produce 3.8 million ounces per year at a mining production rate of 1,500 tons per day of ore grading 8 ounces silver per ton. Shafter has a NI 43-101 compliant resource of 24.6 million ounces Measured and Indicated (2,900,000 tons @ 8.48 opt), 22.8 million ounces Inferred (2,167,000 @ 10.52 opt) (using a 4.0 opt cut off). Construction is scheduled to take 18 months.
About Aurcana Corporation:
Aurcana is committed to become a mid-tier silver producer. Annualized pure silver production is on schedule to exceed 5 million ounces (6.0 million ounces silver equivalent) by year 2012.
ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA CORPORATION
Lenic Rodriguez, President and C.E.O.
Caution Regarding Forward-Looking Statements - This news release contains certain forward-looking statements, including statements regarding the business and anticipated financial performance of the Company. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include unsuccessful exploration results, changes in metal prices, changes in the availability of funding for mineral exploration and development, unanticipated changes in key management personnel and general economic conditions. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, oral or written, made by itself or on its behalf.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact:
Contacts:Aurcana CorporationJack BarnesCorporate Relations(604) 331-9333 or Toll Free: 1-866-532-9333(604) 633-9179 (FAX)info@aurcana.comwww.aurcana.com
Ya I don't get it at all. The delayed open for GOG.V started out great, but then it just faded for the rest of the day. Pretty darn dissapointing. Hopefully its just a short term thing and it will respond soon. Gift buying opp.?
Haha GOG.v finally opened up over 10% higher but has been dropping back near unchanged ever since. You may just have your chance
Ahhhhh! When will it open I can't wait!
These are amazing!
Golden Tag Intersects up to 834.4 Grams Gold per Tonne Over 1.7 Metres in Drilling on Aquilon Property, James Bay, Quebec (24.3 Ounces Gold per Ton Over 5.6 feet)
http://finance.yahoo.com/news/Golden-Tag-Intersects-up-to-iw-790667692.html?x=0&.v=1
MONTREAL, QUEBEC--(Marketwire - 01/19/11) - Golden Tag Resources Ltd (TSX-V:GOG - News) is pleased to report results from recent drilling on the Aquilon Project, James Bay, Quebec. A program of 1,926 metres of surface drilling has been completed in 35 short vertical drill holes targeting the Lingo (10), Moman (14), Fleur De Lys (11) and Muscovite showings. Drilling confirms that very high grade gold mineralization typically occurs in the hinges of folded quartz veins in shallow-plunging, pencil-like mineralized shoots.
Significant results grading over 5.0 grams gold per tonne (g/T Au) are presented in Table 1. All reported assay values are uncut and true widths are estimated to be between 80-85% of the core lengths reported. Results include:
-- 834.4 g/T Au over 1.7 metres (m) (Moman Vein) including: -- 3,527.4 g/T Au over 0.40 m-- 116.48 g/T Au over 2.25 m (Moman Vein);-- 425.33g/T Au over 0.60 m (Moman Vein);-- 133.67 g/T Au over 0.82 m (Fleur de Lys Vein); and-- 26.70 g/T Au over 0.40 m (Muscovite Vein ).
Holes were spaced 3 to 4 metres apart and arrayed on sections across the plunge of the narrow pencil-like gold shoots; or, at approximately 5 to 15 meter intervals down plunge along the trend of mineralization, Drilling intersected veins at the expected targeted depths and encountered additional, previously unknown gold-bearing quartz veins in some areas, noticeably in the footwall to the Lingo Vein. Assays from the Lingo footwall include 6.72 g/T Au over 0.40 m and 7.59 g/T Au over 2.03 m
The four vein-occurrences characterize mineralization within the Wolf Lake Shear, a major shear zone up to 300 metres wide which trends ENE across the property. Up to 10 known high grade gold showings occur along a strike length of over 2 kilometers within the shear. The showings are typically folded, gold-bearing quartz veins which dip 20 to 35 degrees to the north. Native gold occurs in very tight pencil-like fold closures that have a shallow plunge to the NNE. Gold grades can be locally spectacular and be measured in percentage ranges (See Press Releases: June 26, 2008; May 6, 2009).
The property is located 450km east of Radisson, Quebec and is serviced by all weather gravel roads from the LG3 Hydro-electric Dam. The program was funded by Sirios Resources Inc. in agreements that will result in ownership of the property being held in joint venture by Golden Tag (50%) and Sirios (50%). Golden Tag will be operator and will have a casting vote in management decisions. SOQUEM will retain an NSR on the property (See News Release: November 4th, 2010).
Lingo Showing
Ten drill holes for 1,170 metres of drilling targeted the extension to depth of the high-grade gold shoot which was tested over a plunge length of 100 metres during drilling in 2009 (See Press Release: May 6, 2009). All new holes intersected the extension of the vein up to 245 metres down plunge of the surface expression of the zone and at a vertical depth of 120 metres. Moreover, additional pluricentimetric to pluridecimetric wide gold-bearing quartz veins were intersected above and below the Lingo vein, returning values varying from 8.00 g/t Au over 0.30 metres to 7.59 g/T Au over 2.03 metres, Table 1.
Moman Showing
Fourteen drill holes for 378 metres of drilling were completed on the Moman showing. No prior drilling had been undertaken in the area, however previous trenching on the showing had returned up to 287.4 g/t Au over 2.3 metres within a folded quartz vein. Eleven drill holes intersected the extension of the vein, nine of which contained visible gold. The elongated half-pipe-shaped folded vein has a cross-section of approximately 3 to 4 metres by 5 metres and plunges 30 degrees -35 degrees to the NNE. The vein was intersected for over 79 metres down plunge, to a vertical depth of 44 metres.
Fleur de Lys Showing
Eleven drill holes for 378 metres of drilling were completed on the Fleur de Lys showing, a strongly deformed quartz vein, which had previously returned values up to 110.2 g/t Au over 3.49 metres and 521 g/t Au over 1.80 metres in surface trenching. Seven of the holes intersected visible gold. The folded vein has a cross-section varying from 5.5 to 7 m with a 35 degrees degree plunge oriented NNE. It was intersected for some 40 metres down plunge to a vertical depth of 25 metres.
More detailed information on the Aquilon project is available at the Company's website at www.goldentag.ca.
Golden Tag and Sirios are developing a program of trenching and bulk sampling on the Lingo Occurrence for 2011/2012. Metallurgical test work on core from prior drilling has commenced and program planning and engineering are in progress for permitting. The program will be designed to evaluate the potential of the Lingo Showing and the contribution that the extremely high grade pods of gold mineralization may make to the overall tenor o mneraliztion.
Assay Method and Quality Control
A total of 980 half drill core samples were collected, split in half, and one half sent to a commercial laboratory for analysis and other half retained for future reference. A strict QA/QC program was followed which included mineralized standards and blanks for each batch of samples. Analytical services were provided by ALS-Chemex, Val d'Or, Quebec. Significant assay results were also duplicated at the laboratory. Samples were prepared using standard preparation procedures used by ALS-Chemex. Samples were assayed by fire assay with atomic absorption spectrometry finish on a 50 grams nominal sample weight. Samples showing visible gold were analyzed with metallic screen assays and fire assay methods with pulverization and screening on the entire sample. One sample with very significant mineralization was assayed using a gold concentrate method.
The diamond drilling program was conducted on behalf of Golden Tag Resources Ltd. under the supervision of Mr David Rigg, P.Geo and CEO. and Mr Roger Moar, Consulting Geologist, P.Geo.; Qualified Persons (QP's) under National Instrument 43-101 guidelines. The press release has been prepared and reviewed by these QP's.
Golden Tag Resources Ltd. is a junior exploration company exploring for high grade gold and silver deposits at the San Diego silver project in Durango State, Mexico; the Aquilon Gold project in James Bay, Quebec; and the McCuaig gold project in Red Lake, Ontario. Golden Tag has 39,770,958 issued and outstanding shares.
SOQUEM is a wholly-owned subsidiary of Societe generale de financement du Quebec ("SGF"). SGF, is the Quebec government's main industrial and financial development corporation. Its mission is to undertake economic development projects in the industrial sector in cooperation with partners and in compliance with the economic development policies of the Government of Quebec.
Statements in the release that are "forward-looking statements" are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially. We undertake no duty to update any forward-looking statement to conform the statements to actual results or changes in our expectations.
Table 1: SIGNIFICANT ASSAY RESULTS, AQUILON PROPERTY, JAMES BAY, QUEBEC - 2010 DIAMOND DRILLING
----------------------------------------------------------------------------Hole Number From (m) To (m) Length (m) g/t Au Comment----------------------------------------------------------------------------AQ-10-100 54.15 54.82 0.67 5.57 Muscovite---------------------------------------------------------------------------- and 89.28 89.58 0.30 26.55 Lingo---------------------------------------------------------------------------- and 91.28 91.68 0.40 21.80 Lingo----------------------------------------------------------------------------AQ-10-101 91.13 91.43 0.30 35.20 Lingo---------------------------------------------------------------------------- New, HW of MuscoviteAQ-10-102 12.88 13.18 0.30 8.00 Vein---------------------------------------------------------------------------- and 92.79 93.09 0.30 9.53 Lingo---------------------------------------------------------------------------- and 116.56 116.87 0.31 10.05 New, FW of Lingo vein---------------------------------------------------------------------------- and 118.72 119.02 0.30 12.40 New, FW of Lingo vein----------------------------------------------------------------------------AQ-10-103 32.60 33.00 0.40 26.70 Muscovite---------------------------------------------------------------------------- and 109.38 111.41 2.03 7.59 New, FW of Lingo vein----------------------------------------------------------------------------AQ-10-95 86.11 86.77 0.66 11.70 Lingo----------------------------------------------------------------------------AQ-10-96 86.00 86.20 0.20 66.60 Lingo---------------------------------------------------------------------------- and 104.29 104.69 0.40 6.72 New, FW of Lingo vein----------------------------------------------------------------------------AQ-10-99 115.24 115.74 0.50 6.94 New, FW of Lingo vein--------------------------------------------------------------------------------------------------------------------------------------------------------FDL-10-01 9.24 10.65 1.41 21.33------------------------------------------------------FDL-10-03 15.30 15.70 0.40 6.62------------------------------------------------------FDL-10-04 14.47 16.88 2.41 9.63------------------------------------------------------FDL-10-05 15.51 16.33 0.82 133.67------------------------------------------------------FDL-10-06 19.21 19.51 0.30 13.20------------------------------------------------------FDL-10-07 23.19 24.20 1.01 6.24------------------------------------------------------ and 24.70 25.36 0.66 5.60------------------------------------------------------FDL-10-08 19.65 19.95 0.30 15.00 Fleur de Lys Vein------------------------------------------------------ and 21.14 22.77 1.63 10.33------------------------------------------------------ and 23.27 23.72 0.45 6.65------------------------------------------------------FDL-10-09 16.00 18.85 2.85 6.10------------------------------------------------------ and 24.07 24.65 0.58 31.80------------------------------------------------------FDL-10-10 12.18 13.64 1.46 85.20------------------------------------------------------ and 22.12 22.42 0.30 7.45------------------------------------------------------ and 22.80 24.41 1.61 6.16--------------------------------------------------------------------------------------------------------------------------------------------------------MO-10-01 3.80 4.72 0.92 11.19------------------------------------------------------ and 5.46 6.00 0.54 32.50------------------------------------------------------ and 6.52 8.23 1.71 834.36------------------------------------------------------ including 6.92 7.32 0.40 3,527.40 Moman Vein------------------------------------------------------ including 7.32 8.23 0.91 5.97------------------------------------------------------MO-10-03 10.29 11.23 0.94 6.06------------------------------------------------------ and 12.20 13.64 1.44 6.72--------------------------------------------------------------------------------------------------------------------------------------------------------Hole Number From (m) To (m) Length (m) g/t Au Comment----------------------------------------------------------------------------MO-10-04 12.35 14.60 2.25 116.48------------------------------------------------------ and 16.00 17.46 1.46 18.21------------------------------------------------------MO-10-05 14.45 15.45 1.00 8.92------------------------------------------------------ and 15.85 16.35 0.50 8.24------------------------------------------------------ and 17.06 19.62 2.56 7.89------------------------------------------------------MO-10-07 20.60 21.80 1.20 25.16------------------------------------------------------ and 23.54 24.11 0.57 5.99 Moman Vein------------------------------------------------------ and 26.46 27.89 1.43 8.43------------------------------------------------------MO-10-08 32.36 36.95 4.59 8.40------------------------------------------------------ and 38.30 39.05 0.75 10.55------------------------------------------------------MO-10-09 37.85 39.31 1.46 23.87------------------------------------------------------ and 42.68 43.28 0.60 425.33------------------------------------------------------MO-10-10 3.31 4.51 1.20 15.64------------------------------------------------------MO-10-11 19.12 19.74 0.62 11.20----------------------------------------------------------------------------
All reported assay values are uncut.
True widths are estimated between 80-85% of the core lengths.
Abbreviations: FW - Footwall; HW - Hangingwall
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Contact:
Contacts:Golden Tag Resources Ltd.Marc A CarrierPresident514-426-8542514-426-8543 (FAX)pres@goldentag.cawww.goldentag.ca
HOLY BUCKETS! ! !
Golden Tag Intersects up to 834.4 Grams Gold per Tonne Over 1.7 Metres in Drilling on Aquilon Property, James Bay, Quebec (24.3 Ounces Gold per Ton Over 5.6 feet)
http://finance.yahoo.com/news/Golden-Tag-Intersects-up-to-iw-790667692.html?x=0&.v=1
MONTREAL, QUEBEC--(Marketwire - 01/19/11) - Golden Tag Resources Ltd (TSX-V:GOG - News) is pleased to report results from recent drilling on the Aquilon Project, James Bay, Quebec. A program of 1,926 metres of surface drilling has been completed in 35 short vertical drill holes targeting the Lingo (10), Moman (14), Fleur De Lys (11) and Muscovite showings. Drilling confirms that very high grade gold mineralization typically occurs in the hinges of folded quartz veins in shallow-plunging, pencil-like mineralized shoots.
Significant results grading over 5.0 grams gold per tonne (g/T Au) are presented in Table 1. All reported assay values are uncut and true widths are estimated to be between 80-85% of the core lengths reported. Results include:
-- 834.4 g/T Au over 1.7 metres (m) (Moman Vein) including: -- 3,527.4 g/T Au over 0.40 m-- 116.48 g/T Au over 2.25 m (Moman Vein);-- 425.33g/T Au over 0.60 m (Moman Vein);-- 133.67 g/T Au over 0.82 m (Fleur de Lys Vein); and-- 26.70 g/T Au over 0.40 m (Muscovite Vein ).
Holes were spaced 3 to 4 metres apart and arrayed on sections across the plunge of the narrow pencil-like gold shoots; or, at approximately 5 to 15 meter intervals down plunge along the trend of mineralization, Drilling intersected veins at the expected targeted depths and encountered additional, previously unknown gold-bearing quartz veins in some areas, noticeably in the footwall to the Lingo Vein. Assays from the Lingo footwall include 6.72 g/T Au over 0.40 m and 7.59 g/T Au over 2.03 m
The four vein-occurrences characterize mineralization within the Wolf Lake Shear, a major shear zone up to 300 metres wide which trends ENE across the property. Up to 10 known high grade gold showings occur along a strike length of over 2 kilometers within the shear. The showings are typically folded, gold-bearing quartz veins which dip 20 to 35 degrees to the north. Native gold occurs in very tight pencil-like fold closures that have a shallow plunge to the NNE. Gold grades can be locally spectacular and be measured in percentage ranges (See Press Releases: June 26, 2008; May 6, 2009).
The property is located 450km east of Radisson, Quebec and is serviced by all weather gravel roads from the LG3 Hydro-electric Dam. The program was funded by Sirios Resources Inc. in agreements that will result in ownership of the property being held in joint venture by Golden Tag (50%) and Sirios (50%). Golden Tag will be operator and will have a casting vote in management decisions. SOQUEM will retain an NSR on the property (See News Release: November 4th, 2010).
Lingo Showing
Ten drill holes for 1,170 metres of drilling targeted the extension to depth of the high-grade gold shoot which was tested over a plunge length of 100 metres during drilling in 2009 (See Press Release: May 6, 2009). All new holes intersected the extension of the vein up to 245 metres down plunge of the surface expression of the zone and at a vertical depth of 120 metres. Moreover, additional pluricentimetric to pluridecimetric wide gold-bearing quartz veins were intersected above and below the Lingo vein, returning values varying from 8.00 g/t Au over 0.30 metres to 7.59 g/T Au over 2.03 metres, Table 1.
Moman Showing
Fourteen drill holes for 378 metres of drilling were completed on the Moman showing. No prior drilling had been undertaken in the area, however previous trenching on the showing had returned up to 287.4 g/t Au over 2.3 metres within a folded quartz vein. Eleven drill holes intersected the extension of the vein, nine of which contained visible gold. The elongated half-pipe-shaped folded vein has a cross-section of approximately 3 to 4 metres by 5 metres and plunges 30 degrees -35 degrees to the NNE. The vein was intersected for over 79 metres down plunge, to a vertical depth of 44 metres.
Fleur de Lys Showing
Eleven drill holes for 378 metres of drilling were completed on the Fleur de Lys showing, a strongly deformed quartz vein, which had previously returned values up to 110.2 g/t Au over 3.49 metres and 521 g/t Au over 1.80 metres in surface trenching. Seven of the holes intersected visible gold. The folded vein has a cross-section varying from 5.5 to 7 m with a 35 degrees degree plunge oriented NNE. It was intersected for some 40 metres down plunge to a vertical depth of 25 metres.
More detailed information on the Aquilon project is available at the Company's website at www.goldentag.ca.
Golden Tag and Sirios are developing a program of trenching and bulk sampling on the Lingo Occurrence for 2011/2012. Metallurgical test work on core from prior drilling has commenced and program planning and engineering are in progress for permitting. The program will be designed to evaluate the potential of the Lingo Showing and the contribution that the extremely high grade pods of gold mineralization may make to the overall tenor o mneraliztion.
Assay Method and Quality Control
A total of 980 half drill core samples were collected, split in half, and one half sent to a commercial laboratory for analysis and other half retained for future reference. A strict QA/QC program was followed which included mineralized standards and blanks for each batch of samples. Analytical services were provided by ALS-Chemex, Val d'Or, Quebec. Significant assay results were also duplicated at the laboratory. Samples were prepared using standard preparation procedures used by ALS-Chemex. Samples were assayed by fire assay with atomic absorption spectrometry finish on a 50 grams nominal sample weight. Samples showing visible gold were analyzed with metallic screen assays and fire assay methods with pulverization and screening on the entire sample. One sample with very significant mineralization was assayed using a gold concentrate method.
The diamond drilling program was conducted on behalf of Golden Tag Resources Ltd. under the supervision of Mr David Rigg, P.Geo and CEO. and Mr Roger Moar, Consulting Geologist, P.Geo.; Qualified Persons (QP's) under National Instrument 43-101 guidelines. The press release has been prepared and reviewed by these QP's.
Golden Tag Resources Ltd. is a junior exploration company exploring for high grade gold and silver deposits at the San Diego silver project in Durango State, Mexico; the Aquilon Gold project in James Bay, Quebec; and the McCuaig gold project in Red Lake, Ontario. Golden Tag has 39,770,958 issued and outstanding shares.
SOQUEM is a wholly-owned subsidiary of Societe generale de financement du Quebec ("SGF"). SGF, is the Quebec government's main industrial and financial development corporation. Its mission is to undertake economic development projects in the industrial sector in cooperation with partners and in compliance with the economic development policies of the Government of Quebec.
Statements in the release that are "forward-looking statements" are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially. We undertake no duty to update any forward-looking statement to conform the statements to actual results or changes in our expectations.
Table 1: SIGNIFICANT ASSAY RESULTS, AQUILON PROPERTY, JAMES BAY, QUEBEC - 2010 DIAMOND DRILLING
----------------------------------------------------------------------------Hole Number From (m) To (m) Length (m) g/t Au Comment----------------------------------------------------------------------------AQ-10-100 54.15 54.82 0.67 5.57 Muscovite---------------------------------------------------------------------------- and 89.28 89.58 0.30 26.55 Lingo---------------------------------------------------------------------------- and 91.28 91.68 0.40 21.80 Lingo----------------------------------------------------------------------------AQ-10-101 91.13 91.43 0.30 35.20 Lingo---------------------------------------------------------------------------- New, HW of MuscoviteAQ-10-102 12.88 13.18 0.30 8.00 Vein---------------------------------------------------------------------------- and 92.79 93.09 0.30 9.53 Lingo---------------------------------------------------------------------------- and 116.56 116.87 0.31 10.05 New, FW of Lingo vein---------------------------------------------------------------------------- and 118.72 119.02 0.30 12.40 New, FW of Lingo vein----------------------------------------------------------------------------AQ-10-103 32.60 33.00 0.40 26.70 Muscovite---------------------------------------------------------------------------- and 109.38 111.41 2.03 7.59 New, FW of Lingo vein----------------------------------------------------------------------------AQ-10-95 86.11 86.77 0.66 11.70 Lingo----------------------------------------------------------------------------AQ-10-96 86.00 86.20 0.20 66.60 Lingo---------------------------------------------------------------------------- and 104.29 104.69 0.40 6.72 New, FW of Lingo vein----------------------------------------------------------------------------AQ-10-99 115.24 115.74 0.50 6.94 New, FW of Lingo vein--------------------------------------------------------------------------------------------------------------------------------------------------------FDL-10-01 9.24 10.65 1.41 21.33------------------------------------------------------FDL-10-03 15.30 15.70 0.40 6.62------------------------------------------------------FDL-10-04 14.47 16.88 2.41 9.63------------------------------------------------------FDL-10-05 15.51 16.33 0.82 133.67------------------------------------------------------FDL-10-06 19.21 19.51 0.30 13.20------------------------------------------------------FDL-10-07 23.19 24.20 1.01 6.24------------------------------------------------------ and 24.70 25.36 0.66 5.60------------------------------------------------------FDL-10-08 19.65 19.95 0.30 15.00 Fleur de Lys Vein------------------------------------------------------ and 21.14 22.77 1.63 10.33------------------------------------------------------ and 23.27 23.72 0.45 6.65------------------------------------------------------FDL-10-09 16.00 18.85 2.85 6.10------------------------------------------------------ and 24.07 24.65 0.58 31.80------------------------------------------------------FDL-10-10 12.18 13.64 1.46 85.20------------------------------------------------------ and 22.12 22.42 0.30 7.45------------------------------------------------------ and 22.80 24.41 1.61 6.16--------------------------------------------------------------------------------------------------------------------------------------------------------MO-10-01 3.80 4.72 0.92 11.19------------------------------------------------------ and 5.46 6.00 0.54 32.50------------------------------------------------------ and 6.52 8.23 1.71 834.36------------------------------------------------------ including 6.92 7.32 0.40 3,527.40 Moman Vein------------------------------------------------------ including 7.32 8.23 0.91 5.97------------------------------------------------------MO-10-03 10.29 11.23 0.94 6.06------------------------------------------------------ and 12.20 13.64 1.44 6.72--------------------------------------------------------------------------------------------------------------------------------------------------------Hole Number From (m) To (m) Length (m) g/t Au Comment----------------------------------------------------------------------------MO-10-04 12.35 14.60 2.25 116.48------------------------------------------------------ and 16.00 17.46 1.46 18.21------------------------------------------------------MO-10-05 14.45 15.45 1.00 8.92------------------------------------------------------ and 15.85 16.35 0.50 8.24------------------------------------------------------ and 17.06 19.62 2.56 7.89------------------------------------------------------MO-10-07 20.60 21.80 1.20 25.16------------------------------------------------------ and 23.54 24.11 0.57 5.99 Moman Vein------------------------------------------------------ and 26.46 27.89 1.43 8.43------------------------------------------------------MO-10-08 32.36 36.95 4.59 8.40------------------------------------------------------ and 38.30 39.05 0.75 10.55------------------------------------------------------MO-10-09 37.85 39.31 1.46 23.87------------------------------------------------------ and 42.68 43.28 0.60 425.33------------------------------------------------------MO-10-10 3.31 4.51 1.20 15.64------------------------------------------------------MO-10-11 19.12 19.74 0.62 11.20----------------------------------------------------------------------------
All reported assay values are uncut.
True widths are estimated between 80-85% of the core lengths.
Abbreviations: FW - Footwall; HW - Hangingwall
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Contact:
Contacts:Golden Tag Resources Ltd.Marc A CarrierPresident514-426-8542514-426-8543 (FAX)pres@goldentag.cawww.goldentag.ca
What? At first glance I don't see how this is anything like GORO. Can you explain why you think it is?
Looks like a bottom to me. CNBC anchors are literally giddy each time they get to say how much gold plunged today. When they get giddy its time to go the other way. XAU HUI down less than 2% - sign of strength IMO. Nice consolidation move last few months. RSI MACD back down to normal. Set for a great run over next few months before summer correction.
EVG.TO Great news! Was happy to finally get into that one last week.
AXU has also pulled back quite a bit recently. Could be a good buying opp.