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."
Backtrack..Ontex Resources - CEO Interview - August 14, 2008 -
AGORACOM Small Cap TV -
Roxmark & Ontex Merger basic short summary -
apart you have....
Roxmark RMK ex.. with 30% carried interest in Hardrock project and the work Premier is doing, a permitted mill, a gold deposit at Northern Empire Gold Mine - and many of old gold producers that should still hold a lot of gold with infrastructures in place, shafs - adits - roads - powerlines etc. and with Leitch Gold Mines - one of the most succesfull gold producers in Canada - Nortoba, Key Lake Gold Mines etc. a company with appr 200 million shares outstanding, gold, silver, moly.
Ontex ONT ex.. - with Brokbank, 800,00 thousand ounces in there NI43-101 (largest in the camp), but no mill, and years to build one plus it would cost about 30 million bucks to build the one Roxmark has, some of the under explored property in the region. 35 km. of continous mining claims
MERGER COMBINED - we get ex. -
* a permitted mill 200 tpd, upgradeable to 500tpd. -
* 2 properties combined over 1,000.000 ounces of gold in the ground with the NI reports to back them up indicated and inferred ounces.
* Brookbank may and Northern Empire are both permitted for mining
* both have cash in the bank now we have a bigger bank account
* listing on the TSX not the venture greater exposure
* a new company that when the smoke clears will only have 93 million shares outstanding, about the same a Premier
* hard assets, Roxmark has the mill some heavy equipment and office in Beardmore, all paid for NO debt between the two
* and the 30% carried interest in the JV in Geraldton Gold mining camp with Premier. NI 43-101 due in November sometime.
* Experienced staff on both sides to put this over the edge.
* and the Brookbank deposit is only 20 min. to the mill easily truckable.
We'll have 93 million shares outstanding. AND??? There are other Gold companies with 100 Million shares and a share price of 3 $ which do not have a mill nor a NI 43-101
Remember the song: don't worry, be happy ~
HUI Gold Mining Stocks: Major Uptrend In Progress -
The major trend move underway in the Gold Bugs Index -
Although they're more volatile than Gold, if you can position yourself on the 'right' side of their dominant trend, investments in fundamentally sound Gold mining shares can be even more profitable than investing in physical Gold.
Here's a look at the major trend move underway in the Gold Bugs index, one of the most widely regarded indexes that scores of precious metals equity traders and investors rely on.
My, how times do change. Less than a year ago, the share prices of virtually every senior and junior Gold mining company were on the proverbial 'ash heap,' and some market analysts had doubts that the bull run in the precious metals sector would ever regain a solid footing, much less soar to new highs. And yet, that's just what happened - a complete recovery across the entire sector (including Silver and Silver mining companies, too), with Gold now at all-time highs and Silver up more than 100% in less than 12 months. Even better for those who trade Gold mining stocks, the Gold Bugs index (which tracks the performance of some of the biggest and most fundamentally sound Gold miners) is up a mind-jarring 200% since October 2008 - and the uptrend doesn't appear to be waning yet. Let's have a closer look at the weekly technical chart of the Gold Bugs index and examine the key trend indicators as see what they may be telling us about the future trajectory of prices for this volatile and potentially profitable sector of the market.
Graphic credit: Metastock v.11
Let's start at the top of the chart to focus on recent developments first; note the huge, wide-range weekly candle that just printed, one that took out the prior weekly swing high of 448.31. As you probably know, the very definition of an 'uptrend' is that a stock, commodity or index must have a series of higher highs and higher lows, and that's exactly what we see on this weekly chart of the Gold Bugs index. Now, look just below the recent weekly candle and witness the ever-increasing spread between the 20-week (red line) and the 50-week (blue line) exponential moving averages (EMA's). Note how they are both sloping upward and that the spread between them is also increasing at a steady rate; this is a sign of increasing upward momentum in the index. Moving toward the lower area of the chart, notice that the Aroon (14) trend intensity index is solidly biased toward the bullish side of its range (when the blue line is above the red line and both lines are at opposing extremes, a powerful uptrend is in motion) even as the Relative Strength index (RSI)(14) is also in a powerful uptrend. It's also interesting to note that RSI readings above 60 are usually indicative of a powerful trend move, and with a current reading of 66.94, we can therefore conclude that this latest rally in the Gold Bugs index is no fluke. An interesting side note: Gold (cash basis) is up about 48% since making a major low late last year (at about $713), but did you notice that Gold stocks (as represented by the Gold Bugs index) posted gains of about four times as much during the same time period?
Does this mean that the shares of Gold mining companies are on a non-stop ride toward ever-increasing gains? Not necessarily; in fact, there are strong overhead resistance areas near 479 and then 520 that will likely act as (temporary?) consolidation and/or reversal point for the index. However, with the monthly chart of the Gold Bugs index (not shown) also displaying powerful trend characteristics, there can be little doubt that either of those key resistance areas will eventually be challenged. A solid break above 520.00 puts the Gold Bugs index into an extremely bullish posture, and that's a price level that all Gold equity traders will be monitoring in the weeks and months to come. If the price of Gold also continues to rise (it also featuring many of the same bullish trend characteristics of the Gold Bugs index), that will also be extremely favorable toward those trading the shares of the biggest and most fundamentally attractive Gold mining companies.
This may be the most exciting time to be a Gold/Gold stock trader since at least 1979-1980, and if current trends keep strengthening, we may be on the threshold of an era in the precious metals markets that will be talked about for generations to come. Stay tuned - it's sure to be a fascinating and potentially profitable time to be involved with the precious metals markets!
News 
Market Data 
Discover 
AI
