Replies to post #2 on Nevada Gold Trends

[mick]

nice to see some companies mentioned. i got one but it surely needs help from the currency.

they won a big court decision back a few against CJI mining.

DROOY

[Ed Monton]

White Knight acquires Knolls and Ian gold properties

2005-03-08 16:01 ET - News Release


Mr. John Leask reports

ADDITIONAL PROPERTIES ACQUIRED IN NEVADA

White Knight Resources Ltd. has acquired by staking two new Carlin-type gold exploration properties in Nevada: the Knolls property in Humboldt county and the Ian property in Eureka county.

The 100-per-cent-owned Knolls property consists of 180 unpatented mining claims, approximately 5.5 square miles of mineral rights. The property lies four miles east of Newmont's Twin Creeks mine (greater than 13 million ounces of gold production plus reserves). The Knolls property is centred on an uplifted block of Ordovician Valmy formation flanked by Pennsylvanian-Permian Antler group sediments, the host for gold mineralization at the Chimney Creek mine of the Twin Creeks complex. Rock chip sampling by White Knight has established the existence of a gold-bearing hydrothermal system characterized by strongly anomalous arsenic, antimony, mercury and barium, and weakly anomalous gold, suggestive of the upper levels of a Carlin-type gold system. The structural setting of the property is similar to that of the Twin Creeks area, dominated by north-northwest-trending and northeast-trending structures. Postmineral Quaternary gravels and Tertiary volcanics cover most of the claim block.

The 100-per-cent-owned Ian claim group consists of 51 unpatented mining claims located in the southern Cortez trend and adjoining White Knight's Sno claims at the Gold Stone open pit, which produced 71,000 ounces of gold. The Ian claims cover nearly two miles of strike length along a series of northwest-trending structures cutting through the Gold Pick, Gold Ridge and Gold Stone mines. The geology of the claim block consists of favourable lower-plate carbonate rocks in the southern part of the block and upper-plate Vinini formation overlying lower-plate carbonates along the Roberts Mountains thrust in the northern area. White Knight is planning a program of geologic mapping and geochemical sampling to further evaluate the mineral potential of this property.

In addition to the Knolls and Ian properties, White Knight recently located an additional 40 claims at its 100-per-cent-owned Gold Bar horst property, which surrounds the former Gold Bar mine of Atlas Precious Metals Inc. (286,000 ounces of gold production). The new claims extend the claim block for about one mile to the southeast along the projection of the Gold Bar horst. The claims lie west of Newmont's large claim block and north of the Placer Dome/Bravo Venture group claim block, where Bravo recently reported an intercept of 50 feet at 2.4 grams per tonne gold from sampling cuttings of a historic oil well. The claims are covered by Quaternary gravels. Gravity data and widespread previous drill holes suggest relatively thin gravels in the area.

White Knight now controls over 100 square miles of mineral rights in the prolific Battle Mountain-Eureka, Lovelock-Austin and Carlin trends of Nevada. The total anticipated drilling exposure in 2005 for White Knight is expected to be approximately 65,000 feet on seven properties.

This news release was reviewed and the contents have been verified by the company's qualified person, John M. Leask, PEng.

[Ed Monton]

Casey says join smart people and buy White Knight


2005-08-17 16:34 ET - In the News

Douglas Casey, writing in the Aug. 1, 2005, edition of his International Speculator, says White Knight Resources Ltd. is a buy at $1.30. The U.S. letter writer, who in the current issue finds pointers to wise investing from Niccolo Machiavelli in 1532, says the White Knight story has taken some strange turns in the last year, from tussles with regulators to strong surges based on nothing but speculation. Mr. Casey says White Knight is a property play. The company owns 16 properties encompassing about 55,000 acres, of which 14 are on the Cortez trend. The current land position is currently the second largest landholding on the trend, where White Knight has been exploring for Carlin-type deposits since 1993. Rob McEwen of Goldcorp Inc. fame likes the story so much he recently bought 1.6 million shares at an average price of $1.26, bringing his total holdings to 17.1 per cent of the company, on a partially diluted basis. "When smart people think well of a play, I pay attention," Mr. Casey says. Despite moving up almost threefold since hitting a low in May, 2005, the amount of drilling either under way, or that will soon be, gives investors the potential for the stock to move much higher soon, he says.