The Jellicoe Consolidated Gold Mine -
history often repeat itself -
The Jellicoe Consolidated gold mine -
It resulted from the amalgamation of Whitegorse Gold Mines, Ltd.,
and Jellicoe Gold Mining Company, Ltd.,
situated directly west of
the Tombill Gold Mine -
and Bankfield Gold Mine properties -
on the eastern portion of the Lindsley Township.
Jellicoe Consolidated Gold Mines Limited
was incorporated in 1936.
Shaft sinking began in 1937.
In 1938, the company suspended operations,
and -
in 1939, the new company
Jellicoe Mines Limited
was incorporated and the production
of gold and silver was started.
GRC - NEWS - Goldstone Chairman, CEO, Philip Cunningham -
"These are encouraging results on which we will be actively
following up between now and he end of the year,"
said Goldstone Chairman and Interim CEO, Philip Cunningham.
The Key Lake horizon has an approximate strike length of 2.5km.
The initial Phase 1
of drilling was concentrated on about a 1.5km strike length
which hosted the former Jelex Mine.
Historic drilling by Cyprus in the mid-90's outlined
a 40-50m wide zone of disseminated gold
with a higher grade core comprised of a
quartz-feldsapr porphyry.
The initial drilling of Goldstone's program
was aimed at twinning historical holes
and filling in gaps along the corridor
at 100m intervals.
The exploration program is managed by Goldstone Resources
under supervision of Mike Kilbourne, P.Geo,
Vice President of Exploration and the qualified person within
NI 43-101 for Goldstone Resources.
Mr. Kilbourne prepared this release and states,
"Drill hole KL10-22
is one of the best intersections to date on
the Key Lake property and is located 700m west of
the old Jelex Mine
in an area which has received little attention.
Recent modeling of the entire drill data set will aid us
tremendously in our Phase 2 drilling efforts and increase
our success rate."
An additional 20 holes
for approximately 3500m
have been planned and are currently underway.
"In the meantime, we continue to assess results from exploration
on our Northern Empire
and Leitch-Sand River properties
in the Beardmore area."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=55285530
http://www.grcmines.com/index.php
history often repeat itself -
The Jellicoe Consolidated gold mine -
It resulted from the amalgamation of Whitegorse Gold Mines, Ltd.,
and Jellicoe Gold Mining Company, Ltd.,
situated directly west of
the Tombill Gold Mine -
and Bankfield Gold Mine properties -
on the eastern portion of the Lindsley Township.
Jellicoe Consolidated Gold Mines Limited
was incorporated in 1936.
Shaft sinking began in 1937.
In 1938, the company suspended operations,
and -
in 1939, the new company
Jellicoe Mines Limited
was incorporated and the production
of gold and silver was started.
GRC - NEWS - Goldstone Chairman, CEO, Philip Cunningham -
"These are encouraging results on which we will be actively
following up between now and he end of the year,"
said Goldstone Chairman and Interim CEO, Philip Cunningham.
The Key Lake horizon has an approximate strike length of 2.5km.
The initial Phase 1
of drilling was concentrated on about a 1.5km strike length
which hosted the former Jelex Mine.
Historic drilling by Cyprus in the mid-90's outlined
a 40-50m wide zone of disseminated gold
with a higher grade core comprised of a
quartz-feldsapr porphyry.
The initial drilling of Goldstone's program
was aimed at twinning historical holes
and filling in gaps along the corridor
at 100m intervals.
The exploration program is managed by Goldstone Resources
under supervision of Mike Kilbourne, P.Geo,
Vice President of Exploration and the qualified person within
NI 43-101 for Goldstone Resources.
Mr. Kilbourne prepared this release and states,
"Drill hole KL10-22
is one of the best intersections to date on
the Key Lake property and is located 700m west of
the old Jelex Mine
in an area which has received little attention.
Recent modeling of the entire drill data set will aid us
tremendously in our Phase 2 drilling efforts and increase
our success rate."
An additional 20 holes
for approximately 3500m
have been planned and are currently underway.
"In the meantime, we continue to assess results from exploration
on our Northern Empire
and Leitch-Sand River properties
in the Beardmore area."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=55285530
http://www.grcmines.com/index.php
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