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ISIN: CA07159Y1097 · WKN: A11334
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MADISON MINERALS INC. (Tier1..
Börse: TSX Venture
Datum: 19.09.07
Tickliste Zeit
Kurs
Volumen
21:53:46 M 0,350 500
21:52:30 M 0,350 10000
21:41:54 M 0,350 5000
21:40:51 M 0,350 8500
21:40:13 M 0,350 18000
21:28:51 M 0,350 10000
21:27:24 M 0,350 1500
21:05:35 M 0,350 10000
21:02:59 M 0,350 10000
20:50:23 M 0,350 20000
20:37:42 M 0,350 3000
20:22:16 M 0,350 5000
20:21:55 M 0,350 5000
20:17:05 M 0,350 7000
20:07:06 M 0,350 17000
19:32:09 M 0,350 3000
19:28:08 M 0,350 17000
19:26:23 M 0,350 3000
18:44:11 M 0,350 5000
18:30:54 M 0,365 10000
17:56:28 M 0,345 500
17:54:36 M 0,345 10000
17:28:52 M 0,350 25000
15:50:31 M 0,365 2000
15:43:35 M 0,360 10000
15:39:08 M 0,360 16000
15:34:34 M 0,360 5000
15:34:34 0,360 0
MADISON MINERALS INC. (Tier1..
Börse: TSX Venture
Datum: 19.09.07
Tickliste Zeit
Kurs
Volumen
21:53:46 M 0,350 500
21:52:30 M 0,350 10000
21:41:54 M 0,350 5000
21:40:51 M 0,350 8500
21:40:13 M 0,350 18000
21:28:51 M 0,350 10000
21:27:24 M 0,350 1500
21:05:35 M 0,350 10000
21:02:59 M 0,350 10000
20:50:23 M 0,350 20000
20:37:42 M 0,350 3000
20:22:16 M 0,350 5000
20:21:55 M 0,350 5000
20:17:05 M 0,350 7000
20:07:06 M 0,350 17000
19:32:09 M 0,350 3000
19:28:08 M 0,350 17000
19:26:23 M 0,350 3000
18:44:11 M 0,350 5000
18:30:54 M 0,365 10000
17:56:28 M 0,345 500
17:54:36 M 0,345 10000
17:28:52 M 0,350 25000
15:50:31 M 0,365 2000
15:43:35 M 0,360 10000
15:39:08 M 0,360 16000
15:34:34 M 0,360 5000
15:34:34 0,360 0
Buffalo Gold, Madison drill seven m of 2.43 g/t Au
2007-10-17 10:02 ET - News Release
See News Release (C-BUF) Buffalo Gold Ltd
Mr. Brian McEwen of Buffalo reports
BUFFALO GOLD UPDATES PROGRESS OF EXPLORATION AT MT. KARE
Buffalo Gold Ltd. is releasing an update on the progress of its continuing exploration program at Madison Minerals Inc.'s Mt. Kare gold project in Papua New Guinea. In addition to continued work at the Mt. Kare joint venture licence (EL1093), Buffalo is exploring targets on its 100-per-cent-owned licence area (EL1427).
The drill results reported in the table are the last of the holes from the program completed in early summer, and include infill holes and holes that were drilled to test new targets based on geological interpretation, magnetic survey results and surface sampling. As with the Porgera deposit, gold mineralization at Mt. Kare is closely associated with specific alteration and mineralization, therefore where neither was encountered in drill core the core was not sampled for assay.
Details of drill hole locations and targets
Hole MK07-104 is an infill hole in the southern western roscoelite zone (SWRZ) and returned two significant intersections of gold, including 14.5 metres of 2.27 grams per tonne.
Holes MK07-105 and 106 tested continuations of mineralization between the C9 and Black zones and did not return any significant intersections.
MK07-107 tested the upper portion of the C9 zone, encountering a strongly limonitic sandstone breccia that returned one intersection of 9.1 metres of 1.39 g/t gold.
MK07-108 was drilled to explore for deep east-northeast-to-northeast-trending structures as potential hosts to mineralization. Results indicate patchy weak mineralization to 180 metres with an 18-metre, near-surface zone averaging 1.17 g/t Au. From 180 to 409 metres, the sandstone and sandstone-siltstone sequence returned a series of gold mineralized zones coinciding with local base metal veining.
MK07-109, drilled on the Black zone, returned 18.6 metres averaging 3.11 g/t gold for the base metal veined breccia intersected at 90-metre depth. This zone forms the western extension to the historic high-grade MK98-130 intercept (70.85 m at 8.65 g/t gold) and suggests a possible flatter plunge to the southern shoot of the Black zone.
Drill hole MK07-110 was aimed to test for deep east-northeast-to-northeast-trending structures as potential hosts to mineralization. The hole encountered a succession of weakly mineralized siltstones, calcareous siltstones and minor intrusive bodies, and included one significant intersection of 10 metres grading 2.47 g/t gold.
MK07-111, drilled to explore a gap in the central zone drill pattern, returned one significant intersection of nine metres averaging 1.12 g/t gold.
Hole MK07-112 was drilled for potentially mineralized dilational features but showed no alteration or mineralization and was not sampled.
MK07-113 tested the southwesterly strike extension of the shallow gold mineralization from historical holes MK99-220 and 221 but did not return any significant intersections.
A steep, shallow hole, MK07-114, was aimed at tracing a manganiferous-realgar zone down dip. Only one shallow low-grade intersection was returned.
MK07-115 was drilled to test the upper portion of the C9 zone and the possible extension of the incomplete, well-mineralized zone in MK07-92 (22.5 m at 3.30 g/t gold). A significant shallow intersection was returned, with 38 metres averaging 1.06 g/t gold including seven metres of 2.43 g/t gold.
MK07-117 was drilled to explore for the southwesterly down-plunge continuation of the south shoot of the Black zone and test for a possible extension of mineralization intersected in MK07-109 (18.6 metres at 3.11 g/t Au). The hole did not return significant intersections.
Holes MK07-116 and 118 through 120 were drilled to test the Pinuni valley structure. No alteration or mineralization were seen in the holes and therefore no sampling was done.
MK07-121 was drilled 450 metres east of Red Hill, targeting an induced polarization anomaly, but no alteration or mineralization were found and the hole was not sampled.
SUMMARY OF MT. KARE DRILL HOLE INTERSECTIONS RECEIVED
FROM APRIL 18, 2007, TO OCT. 15, 2007
From To Intercept Gold Silver
Drill hole No. (m) (m) (m) (g/t) (g/t)
MK07-104 186.0 200.5 14.5 2.27 6.82
428.0 440.0 12.0 1.25 2.63
MK07-105 No significant intersections
MK07-106 No significant intersections
MK07-107 16.9 26.0 9.1 1.39 4.38
MK07-108 13.0 31.0 18.0 1.17 5.44
Including 13.0 18.6 5.6 2.25 5.06
289.5 305.0 15.5 1.82 8.42
398.0 408.5 10.5 1.64 24.46
Including 398.0 404.0 6.0 2.30 39.70
MK07-109 90.0 108.6 18.6 3.11 48.88
MK07-110 5.0 15.0 10.0 2.47 16.85
MK07-111 104.0 113.0 9.0 1.12 2.97
MK07-112 Not sampled
MK07-113 No significant intersections
MK07-114 15.3 23.6 8.3 0.66 3.68
MK07-115 0.0 38.0 38.0 1.06 7.43
Including 31.0 38.0 7.0 2.43 15.89
MK07-116 Not sampled
MK07-117 No significant intersections
MK07-118 to MK07-121 Not sampled
Buffalo has modelled the available results and believes the drill widths reported represent true widths. All samples were analyzed for gold by PT Intertek Utama Services in Jakarta, part of an internationally recognized lab testing group with ISO 17025 accreditation, at the Jakarta facility. Samples were analyzed using a 50-gram fire assay with atomic absorption finish for gold and an aqua regia digestion ICP-OES finish for silver.
Surface exploration program
Buffalo is evaluating 18 exploration targets defined this year from magnetic surveys over the EL1093 and EL1427 licences. Exploration programs include geological mapping as well as pan concentrate, stream sediment and soil sampling programs. Some analytical results are still awaited, and the sampling program is continuing, but Buffalo is pleased with the results to date.
"We are doing grassroots exploration in steep, covered terrain where there is little to no outcrop and access is not easy," commented Buffalo president and chief executive officer, Brian McEwen. "So it takes some time to conduct a methodical and diligent sampling program. We are seeing it pay off though as the results are building evidence of significant anomalies at several targets. Once the final data is in and our team in PNG, Australia and Canada are able to evaluate all the data, we believe we will have some excellent targets for follow-up drilling."
Targets were tested both for gold and trace elements, as often gold is not seen in surface samples, but other specific minerals, such as roscoelite, which are closely associated with high-grade gold at Mt. Kare and Porgera, result in other trace element signatures.
On EL1093, the exploration team has collected nearly 600 surface samples. Pan concentrate, soil and stream sediment results outline a number of anomalous gold and zinc values in the northern and southern portions of target 15, six kilometres north-northeast of Mt. Kare. Further sampling and geomorphological studies are in progress on these targets. Follow-up sampling and fieldwork will also be carried out to the south and west of targets 8 and 9, near the boundary with Barrick's Porgera property, where similar anomalies were outlined. On targets 10 and 11, the Buffalo team has identified anomalies in gold, zinc and arsenic, as well as low-level silver. Buffalo has engaged in follow-up sampling for BLEG analysis, as well as ridge and spur sampling. Target 13 returned only trace gold values but pan concentrates show anomalous and coincident anomalies for strontium, zinc and vanadium.
On the EL1427 licence, the team collected approximately 250 samples. Targets 2 and 16 are the highest priority at this time, as they returned multiple element anomalies, including elevated zinc, vanadium, arsenic, strontium, manganese and chromium, as well as low-level silver. Follow-up sampling for BLEG analysis, as well as ridge and spur sampling, will be undertaken. Targets 1 and 7 were variously locally elevated in zinc, arsenic, vanadium, iron, gold and strontium. Target 6 returned strongly anomalous strontium in pan concentrates, as well as arsenic, vanadium and zinc. Buffalo is still waiting for results from targets 3 and 5.
Buffalo expects to complete the surface exploration program by the end of October of this year. Line cutting and other preparations are complete in anticipation of an induced polarization survey in the Mt. Kare area, but Buffalo is waiting for the delivery of equipment which has been delayed by the supplier.
Buffalo would also like to clarify its land position in Papua New Guinea. The Mt. Kare joint venture licence area is 220 square kilometres. The recently acquired, 100-per-cent-owned EL 1427 licence package is 142 square kilometres, not 220 as stated in Buffalo's news in Stockwatch dated Aug. 1, 2007. Buffalo has applied for an additional licence, EL 1575, which is 222 square kilometres and when granted will increase the total land package under exploration to 584 square kilometres.
Mr. McEwen, PGeol, president and CEO of Buffalo, is the qualified person for the Mt. Kare project and has approved the contents of this news release.
We seek Safe Harbor.
2007-10-17 10:02 ET - News Release
See News Release (C-BUF) Buffalo Gold Ltd
Mr. Brian McEwen of Buffalo reports
BUFFALO GOLD UPDATES PROGRESS OF EXPLORATION AT MT. KARE
Buffalo Gold Ltd. is releasing an update on the progress of its continuing exploration program at Madison Minerals Inc.'s Mt. Kare gold project in Papua New Guinea. In addition to continued work at the Mt. Kare joint venture licence (EL1093), Buffalo is exploring targets on its 100-per-cent-owned licence area (EL1427).
The drill results reported in the table are the last of the holes from the program completed in early summer, and include infill holes and holes that were drilled to test new targets based on geological interpretation, magnetic survey results and surface sampling. As with the Porgera deposit, gold mineralization at Mt. Kare is closely associated with specific alteration and mineralization, therefore where neither was encountered in drill core the core was not sampled for assay.
Details of drill hole locations and targets
Hole MK07-104 is an infill hole in the southern western roscoelite zone (SWRZ) and returned two significant intersections of gold, including 14.5 metres of 2.27 grams per tonne.
Holes MK07-105 and 106 tested continuations of mineralization between the C9 and Black zones and did not return any significant intersections.
MK07-107 tested the upper portion of the C9 zone, encountering a strongly limonitic sandstone breccia that returned one intersection of 9.1 metres of 1.39 g/t gold.
MK07-108 was drilled to explore for deep east-northeast-to-northeast-trending structures as potential hosts to mineralization. Results indicate patchy weak mineralization to 180 metres with an 18-metre, near-surface zone averaging 1.17 g/t Au. From 180 to 409 metres, the sandstone and sandstone-siltstone sequence returned a series of gold mineralized zones coinciding with local base metal veining.
MK07-109, drilled on the Black zone, returned 18.6 metres averaging 3.11 g/t gold for the base metal veined breccia intersected at 90-metre depth. This zone forms the western extension to the historic high-grade MK98-130 intercept (70.85 m at 8.65 g/t gold) and suggests a possible flatter plunge to the southern shoot of the Black zone.
Drill hole MK07-110 was aimed to test for deep east-northeast-to-northeast-trending structures as potential hosts to mineralization. The hole encountered a succession of weakly mineralized siltstones, calcareous siltstones and minor intrusive bodies, and included one significant intersection of 10 metres grading 2.47 g/t gold.
MK07-111, drilled to explore a gap in the central zone drill pattern, returned one significant intersection of nine metres averaging 1.12 g/t gold.
Hole MK07-112 was drilled for potentially mineralized dilational features but showed no alteration or mineralization and was not sampled.
MK07-113 tested the southwesterly strike extension of the shallow gold mineralization from historical holes MK99-220 and 221 but did not return any significant intersections.
A steep, shallow hole, MK07-114, was aimed at tracing a manganiferous-realgar zone down dip. Only one shallow low-grade intersection was returned.
MK07-115 was drilled to test the upper portion of the C9 zone and the possible extension of the incomplete, well-mineralized zone in MK07-92 (22.5 m at 3.30 g/t gold). A significant shallow intersection was returned, with 38 metres averaging 1.06 g/t gold including seven metres of 2.43 g/t gold.
MK07-117 was drilled to explore for the southwesterly down-plunge continuation of the south shoot of the Black zone and test for a possible extension of mineralization intersected in MK07-109 (18.6 metres at 3.11 g/t Au). The hole did not return significant intersections.
Holes MK07-116 and 118 through 120 were drilled to test the Pinuni valley structure. No alteration or mineralization were seen in the holes and therefore no sampling was done.
MK07-121 was drilled 450 metres east of Red Hill, targeting an induced polarization anomaly, but no alteration or mineralization were found and the hole was not sampled.
SUMMARY OF MT. KARE DRILL HOLE INTERSECTIONS RECEIVED
FROM APRIL 18, 2007, TO OCT. 15, 2007
From To Intercept Gold Silver
Drill hole No. (m) (m) (m) (g/t) (g/t)
MK07-104 186.0 200.5 14.5 2.27 6.82
428.0 440.0 12.0 1.25 2.63
MK07-105 No significant intersections
MK07-106 No significant intersections
MK07-107 16.9 26.0 9.1 1.39 4.38
MK07-108 13.0 31.0 18.0 1.17 5.44
Including 13.0 18.6 5.6 2.25 5.06
289.5 305.0 15.5 1.82 8.42
398.0 408.5 10.5 1.64 24.46
Including 398.0 404.0 6.0 2.30 39.70
MK07-109 90.0 108.6 18.6 3.11 48.88
MK07-110 5.0 15.0 10.0 2.47 16.85
MK07-111 104.0 113.0 9.0 1.12 2.97
MK07-112 Not sampled
MK07-113 No significant intersections
MK07-114 15.3 23.6 8.3 0.66 3.68
MK07-115 0.0 38.0 38.0 1.06 7.43
Including 31.0 38.0 7.0 2.43 15.89
MK07-116 Not sampled
MK07-117 No significant intersections
MK07-118 to MK07-121 Not sampled
Buffalo has modelled the available results and believes the drill widths reported represent true widths. All samples were analyzed for gold by PT Intertek Utama Services in Jakarta, part of an internationally recognized lab testing group with ISO 17025 accreditation, at the Jakarta facility. Samples were analyzed using a 50-gram fire assay with atomic absorption finish for gold and an aqua regia digestion ICP-OES finish for silver.
Surface exploration program
Buffalo is evaluating 18 exploration targets defined this year from magnetic surveys over the EL1093 and EL1427 licences. Exploration programs include geological mapping as well as pan concentrate, stream sediment and soil sampling programs. Some analytical results are still awaited, and the sampling program is continuing, but Buffalo is pleased with the results to date.
"We are doing grassroots exploration in steep, covered terrain where there is little to no outcrop and access is not easy," commented Buffalo president and chief executive officer, Brian McEwen. "So it takes some time to conduct a methodical and diligent sampling program. We are seeing it pay off though as the results are building evidence of significant anomalies at several targets. Once the final data is in and our team in PNG, Australia and Canada are able to evaluate all the data, we believe we will have some excellent targets for follow-up drilling."
Targets were tested both for gold and trace elements, as often gold is not seen in surface samples, but other specific minerals, such as roscoelite, which are closely associated with high-grade gold at Mt. Kare and Porgera, result in other trace element signatures.
On EL1093, the exploration team has collected nearly 600 surface samples. Pan concentrate, soil and stream sediment results outline a number of anomalous gold and zinc values in the northern and southern portions of target 15, six kilometres north-northeast of Mt. Kare. Further sampling and geomorphological studies are in progress on these targets. Follow-up sampling and fieldwork will also be carried out to the south and west of targets 8 and 9, near the boundary with Barrick's Porgera property, where similar anomalies were outlined. On targets 10 and 11, the Buffalo team has identified anomalies in gold, zinc and arsenic, as well as low-level silver. Buffalo has engaged in follow-up sampling for BLEG analysis, as well as ridge and spur sampling. Target 13 returned only trace gold values but pan concentrates show anomalous and coincident anomalies for strontium, zinc and vanadium.
On the EL1427 licence, the team collected approximately 250 samples. Targets 2 and 16 are the highest priority at this time, as they returned multiple element anomalies, including elevated zinc, vanadium, arsenic, strontium, manganese and chromium, as well as low-level silver. Follow-up sampling for BLEG analysis, as well as ridge and spur sampling, will be undertaken. Targets 1 and 7 were variously locally elevated in zinc, arsenic, vanadium, iron, gold and strontium. Target 6 returned strongly anomalous strontium in pan concentrates, as well as arsenic, vanadium and zinc. Buffalo is still waiting for results from targets 3 and 5.
Buffalo expects to complete the surface exploration program by the end of October of this year. Line cutting and other preparations are complete in anticipation of an induced polarization survey in the Mt. Kare area, but Buffalo is waiting for the delivery of equipment which has been delayed by the supplier.
Buffalo would also like to clarify its land position in Papua New Guinea. The Mt. Kare joint venture licence area is 220 square kilometres. The recently acquired, 100-per-cent-owned EL 1427 licence package is 142 square kilometres, not 220 as stated in Buffalo's news in Stockwatch dated Aug. 1, 2007. Buffalo has applied for an additional licence, EL 1575, which is 222 square kilometres and when granted will increase the total land package under exploration to 584 square kilometres.
Mr. McEwen, PGeol, president and CEO of Buffalo, is the qualified person for the Mt. Kare project and has approved the contents of this news release.
We seek Safe Harbor.
Madison Minerals drills 21.0 m of 6.92 g/t Au at Lewis
2007-12-13 10:08 ET - News Release
Mr. Chet Idziszek reports
MADISON MINERALS INC.: 2007 DRILLING EXPANDS GOLD MINERALIZATION AT LEWIS PROPERTY, JOINT VENTURE TO ACQUIRE PROPERTY FOR $2 MILLION
Madison Minerals Inc. has released the initial third of the drill results (six core holes and 10 RC holes) from the Phoenix joint venture 2007 drilling program at its Lewis project within Nevada's Battle Mountain mining district.
Highlights include:
DDH MAD-83 returns 6.92 grams per tonne gold over 21.0 metres, including 2.0 metres of 44.88 g/t gold, confirming previous high-grade results;
Step-out reverse circulation drilling expands the size of Virgin zone mineralization: RC104 intersects three metres of 3.32 g/t gold, RC105 intersects 4.6 metres of 2.18 g/t gold and RC110 intersects 10.66 metres of 3.12 g/t gold.
The Phoenix joint venture comprises Madison Minerals Inc. (60 per cent) and Great American Minerals Inc. (40 per cent). Based on prior results and the current excellent results described below, the joint venture has decided to exercise its option to complete its purchase of this property for the cash price of $2-million (U.S.). Closing of this purchase is expected in December, 2007, at which point the joint venture shall own full rights, title and interest in and to the Lewis project, subject to the royalty described herein.
During the 2007 exploration program, the joint venture completed 10 core holes (MAD-83 to MAD-92) totalling 2,480 metres and 34 RC holes (MAD-100 to MAD-133) totalling 7,356 metres. All holes were drilled within and along the Virgin structural zone. Core drilling was conducted to confirm previous Virgin structural zone RC drill results and to test the geological model. RC drilling expanded the Virgin structural zone mineralized area 100 metres northward along strike to 600 metres extent as well as an additional 100 metres down dip to 300 metres extent, with both infill and step-out drilling.
Available results are presented in the table herein. Additional results from the remaining drill holes will be released when available. Further infill drilling is expected to provide a resource calculation in 2008.
The intervals reported use a cut-off of 0.5 g/t and true widths have not been determined. Several intervals reported variable results due to coarse nuggetty gold.
Fieldwork was carried out under the supervision of Gerald McArthur, PGeol, a qualified person for the purposes of National Instrument 43-101, who has verified the data disclosed in this news release. SGS Laboratories of Toronto, Ont., and TSL Laboratories in Saskatoon, Sask., carried out all analysis.
Madison has not yet received all of the ICP analytical results; however, from those results presently available, a favourable correlation between the silver, lead and zinc values and the gold mineralization is observed.
The Lewis property is subject to a 5-per-cent gross royalty on gold and silver produced and a 4-per-cent net smelter returns (NSR) royalty on all other metals, in respect of which, an advance minimum royalty of $60,000 (U.S.) per year is payable commencing on the exercise of the purchase option. These royalties can be purchased by the joint venture for the cash price of $4-million (U.S.) for a period of one year following the exercise of the purchase option, the price thereafter increasing by $500,000 (U.S.) per year on each anniversary of the date of exercise of the purchase option for a period of 35 years.
DRILL RESULTS
Hole From To Interval Gold
No. (m) (m) (m) (g/t)
MAD-83(i) 76 97 21 6.92
including 79 81 2 44.88
MAD-84 100 103 3 1.03
MAD-85 110 182 2 1.44
176 182 6 5.5
including 180 181 1 21.3
MAD-86 32 34 2 8.41
including 32 33 1 15.4
73 78 5 0.87
82 84 2 1.78
MAD-87 62 64 2 1.64
MAD-88 92 94 2 1.23
107 110 3 0.93
(i) MAD-83 confirms results from previous
RC MAD-81 (9.43 g/t gold over 13.7 metres
from 85.4 m to 99.1 m); see Madison's news
release in Stockwatch on Feb. 8, 2007.
Hole From To Interval Gold
No. (m) (m) (m) (g/t)
MAD-100 93 96.1 3.1 0.78
MAD-101 No significant results
MAD-102 93 100.6 7.6 0.98
MAD-103 117.3 121.9 4.6 0.67
MAD-104 54.9 58 3.1 3.32
88.4 93 4.6 0.77
MAD-105 59.4 62.5 3.1 1.05
67.0 70.1 3.1 1.11
76.2 85.3 9.1 1.85
134.1 138.7 4.6 2.18
MAD-106 64 67.1 3.1 2.83
70.1 74.7 4.6 2.04
80.8 86.9 6.1 2.06
103.6 106.7 3.1 0.90
123.4 126.5 3.1 1.28
160.0 163.1 3.1 3.36
MAD-107 88.4 91.5 3.1 0.92
114.3 117.4 3.1 2.66
MAD-108 35 38.1 3.1 0.73
77.7 83.8 6.1 1.59
94.5 99.1 4.6 1.57
MAD-109 149.4 154 4.6 1.75
MAD-110 74.7 85.4 10.7 3.12
2007-12-13 10:08 ET - News Release
Mr. Chet Idziszek reports
MADISON MINERALS INC.: 2007 DRILLING EXPANDS GOLD MINERALIZATION AT LEWIS PROPERTY, JOINT VENTURE TO ACQUIRE PROPERTY FOR $2 MILLION
Madison Minerals Inc. has released the initial third of the drill results (six core holes and 10 RC holes) from the Phoenix joint venture 2007 drilling program at its Lewis project within Nevada's Battle Mountain mining district.
Highlights include:
DDH MAD-83 returns 6.92 grams per tonne gold over 21.0 metres, including 2.0 metres of 44.88 g/t gold, confirming previous high-grade results;
Step-out reverse circulation drilling expands the size of Virgin zone mineralization: RC104 intersects three metres of 3.32 g/t gold, RC105 intersects 4.6 metres of 2.18 g/t gold and RC110 intersects 10.66 metres of 3.12 g/t gold.
The Phoenix joint venture comprises Madison Minerals Inc. (60 per cent) and Great American Minerals Inc. (40 per cent). Based on prior results and the current excellent results described below, the joint venture has decided to exercise its option to complete its purchase of this property for the cash price of $2-million (U.S.). Closing of this purchase is expected in December, 2007, at which point the joint venture shall own full rights, title and interest in and to the Lewis project, subject to the royalty described herein.
During the 2007 exploration program, the joint venture completed 10 core holes (MAD-83 to MAD-92) totalling 2,480 metres and 34 RC holes (MAD-100 to MAD-133) totalling 7,356 metres. All holes were drilled within and along the Virgin structural zone. Core drilling was conducted to confirm previous Virgin structural zone RC drill results and to test the geological model. RC drilling expanded the Virgin structural zone mineralized area 100 metres northward along strike to 600 metres extent as well as an additional 100 metres down dip to 300 metres extent, with both infill and step-out drilling.
Available results are presented in the table herein. Additional results from the remaining drill holes will be released when available. Further infill drilling is expected to provide a resource calculation in 2008.
The intervals reported use a cut-off of 0.5 g/t and true widths have not been determined. Several intervals reported variable results due to coarse nuggetty gold.
Fieldwork was carried out under the supervision of Gerald McArthur, PGeol, a qualified person for the purposes of National Instrument 43-101, who has verified the data disclosed in this news release. SGS Laboratories of Toronto, Ont., and TSL Laboratories in Saskatoon, Sask., carried out all analysis.
Madison has not yet received all of the ICP analytical results; however, from those results presently available, a favourable correlation between the silver, lead and zinc values and the gold mineralization is observed.
The Lewis property is subject to a 5-per-cent gross royalty on gold and silver produced and a 4-per-cent net smelter returns (NSR) royalty on all other metals, in respect of which, an advance minimum royalty of $60,000 (U.S.) per year is payable commencing on the exercise of the purchase option. These royalties can be purchased by the joint venture for the cash price of $4-million (U.S.) for a period of one year following the exercise of the purchase option, the price thereafter increasing by $500,000 (U.S.) per year on each anniversary of the date of exercise of the purchase option for a period of 35 years.
DRILL RESULTS
Hole From To Interval Gold
No. (m) (m) (m) (g/t)
MAD-83(i) 76 97 21 6.92
including 79 81 2 44.88
MAD-84 100 103 3 1.03
MAD-85 110 182 2 1.44
176 182 6 5.5
including 180 181 1 21.3
MAD-86 32 34 2 8.41
including 32 33 1 15.4
73 78 5 0.87
82 84 2 1.78
MAD-87 62 64 2 1.64
MAD-88 92 94 2 1.23
107 110 3 0.93
(i) MAD-83 confirms results from previous
RC MAD-81 (9.43 g/t gold over 13.7 metres
from 85.4 m to 99.1 m); see Madison's news
release in Stockwatch on Feb. 8, 2007.
Hole From To Interval Gold
No. (m) (m) (m) (g/t)
MAD-100 93 96.1 3.1 0.78
MAD-101 No significant results
MAD-102 93 100.6 7.6 0.98
MAD-103 117.3 121.9 4.6 0.67
MAD-104 54.9 58 3.1 3.32
88.4 93 4.6 0.77
MAD-105 59.4 62.5 3.1 1.05
67.0 70.1 3.1 1.11
76.2 85.3 9.1 1.85
134.1 138.7 4.6 2.18
MAD-106 64 67.1 3.1 2.83
70.1 74.7 4.6 2.04
80.8 86.9 6.1 2.06
103.6 106.7 3.1 0.90
123.4 126.5 3.1 1.28
160.0 163.1 3.1 3.36
MAD-107 88.4 91.5 3.1 0.92
114.3 117.4 3.1 2.66
MAD-108 35 38.1 3.1 0.73
77.7 83.8 6.1 1.59
94.5 99.1 4.6 1.57
MAD-109 149.4 154 4.6 1.75
MAD-110 74.7 85.4 10.7 3.12
Antwort auf Beitrag Nr.: 32.796.242 von Dantyren am 17.12.07 21:20:05madison scheint auch dietalsohle durchschriten zu haben....
"NEW DIRECTOR APPOINTED"
http://madisonminerals.com/archives/Madison_Feb_21_2008.pdf
(funktioniert irgendwie mit dem kopieren nicht richtig)
http://madisonminerals.com/archives/Madison_Feb_21_2008.pdf
(funktioniert irgendwie mit dem kopieren nicht richtig)
Madison Minerals drills 6.1 m of 10.7 g/t Au at Lewis
2008-03-26 13:16 ET - News Release
Mr. Chet Idziszek reports
FINAL 2007 DRILL RESULTS EXPAND SIZE OF LEWIS PROPERTY VIRGIN ZONE MINERALIZATION, ALONG STRIKE AND TO DEPTH. 2008 DRILL PROGRAM TO FOCUS ON VIRGIN ZONE IN-FILL DRILLING FOR NI 43-101 COMPLIANT RESOURCE ESTIMATE.
Madison Minerals Inc. has released the remaining drill results -- four core holes (DDH 89-92) and 23 reverse-circulation holes (RC 111-133) -- from the Lewis project 2007 drill program in Battle Mountain mining district, Nevada.
Highlights
Step-out drilling has expanded the size of Virgin zone mineralization including:
6.1 metres of 10.7 grams per tonne (g/t) gold in RC-124;
13.7 metres of 4.96 g/t gold in RC-113;
7.6 metres of 2.73 g/t gold in RC-111;
21.3 metres of 1.8 g/t gold and 6.1 metres of 1.44 g/t gold in RC-133;
24.4 metres of 1.51 g/t gold in RC-119;
DDH-90 returns multiple zones of mineralization including five metres of 1.42 g/t gold, seven metres of 2.94 g/t gold and three metres of 2.31 g/t gold.
The Phoenix joint venture comprises Great American Minerals Inc. (40 per cent) and Madison Minerals (60 per cent), with Madison as operator.
The 2007 Lewis project drill program completed 10 core holes (DDHMAD 83-92) totalling 2,303 metres and 34 reverse-circulation (RC) drill holes (RCMAD 100-133) totalling 7,341 metres. All holes were drilled along the Virgin structural zone. Drill results compare favourably with previously reported styles and grades of mineralization, including steeply oriented higher-grade and subhorizontal lower grade, hosted by favourable stratigraphy, mineralized structural intersections and cross structures.
Step-out RC drilling expanded the Virgin zone mineralized area by 100 metres north to a total 600-metre strike length and downdip a further 50 metres to a total 250-metre depth and remains open to expansion along strike and to depth.
Core drilling confirmed previous RC drill results and tested the geological model, with DDH-90 a redrill of previous RC-82, which had poor recovery when drilled. Due to better recovery, DDH-90 improved on the previous results and over a wider interval.
The company's proposed $2.5-million Lewis project 2008 drill program is designed to include both core and reverse-circulation drilling, with two principal objectives. First, infill drilling on the Virgin zone will generate an NI 43-101-compliant resource estimate. Second, step-out drilling will further evaluate the subparallel Buena Vista zone, which the company successfully tested in 2006. Lions Gate Geological Consultants have been engaged to evaluate the geological model and make drill-hole recommendations for the infill drilling required for the Virgin zone resource estimate.
Analytical results confirm a favourable correlation between silver, lead and zinc values and gold mineralization. The intervals reported use a 0.5 g/t cut-off and true widths have not been determined.
Fieldwork was carried out under the supervision of Gerald McArthur, PGeo, a qualified person for the purposes of National Instrument 43-101, who has verified the data disclosed in this news release. SGS Laboratories of Toronto and TSL Laboratories in Saskatoon carried out all analysis.
To find out more about Madison Minerals please visit the company's website.
Hole No. From-to(m) Interval (m) Gold (g/t)
MAD-89 210-214 4 1.60
MAD-90 121-127 6 1.25
160-162 2 0.98
164-171 7 2.94
including 170-171 1 11.69
189-191 2 1.19
205-208 3 2.31
MAD-91 140-146 6 1.64
MAD-92 184-187 3 1.72
MAD-111 117.3-125 7.6 2.73
MAD-112 71.6-74.7 3 1.10
91.4-108.2 16.8 1.64
including 93-94.5 1.5 8.06
112.8-115.8 3 1.12
MAD-113 86.9-100.6 13.7 4.96
including 88.3-89.9 1.5 14.99
MAD-114 111.3-128 16.8 2.53
including 111.3-117.3 6.1 4.60
MAD-115 15.2-21.3 6.1 2.03
62.5-67.1 4.6 1.51
76.2-83.8 7.6 0.96
100.6-103.6 3 3.77
MAD-117 68.6-73.1 4.6 1.07
MAD-119 83.8-108.2 24.4 1.51
including 86.9-89.9 3 3.79
MAD-120 54.9-65.5 10.6 1.55
including 57.9-61 3 3.06
MAD-121 74.7-82.3 7.6 1.24
128-131 3 1.25
MAD-123 59.4-62.5 3 0.76
74.7-83.8 9.1 1.37
131.1-134.1 3 1.39
219.5-225.5 6.1 0.93
MAD-124 41.1-44.1 3 1.37
89.9-92.9 3 0.96
94.5-100.6 6.1 10.7
including 94.5-96 1.5 36.39
MAD-125 74.7-77.7 3 2.09
143.3-147.8 4.6 1.70
MAD-126 89.9-92.9 3 2.08
114.3-117.3 3 0.98
MAD-127 91.4-94.4 3 1.39
210.3-216.4 6.1 0.90
MAD-128 82.3-94.5 12.2 1.21
MAD-130 100.6-103.6 3 3.43
MAD-132 117.3-123.4 6.1 4.35
including 121.9-123.4 1.5 13.58
178.3-184.4 6.1 0.91
MAD-133 117.3-123.4 6.1 0.82
129.5-150.9 21.3 1.80
including 129.5-135.6 6.1 3.94
190.5-196.6 6.1 1.44
2008-03-26 13:16 ET - News Release
Mr. Chet Idziszek reports
FINAL 2007 DRILL RESULTS EXPAND SIZE OF LEWIS PROPERTY VIRGIN ZONE MINERALIZATION, ALONG STRIKE AND TO DEPTH. 2008 DRILL PROGRAM TO FOCUS ON VIRGIN ZONE IN-FILL DRILLING FOR NI 43-101 COMPLIANT RESOURCE ESTIMATE.
Madison Minerals Inc. has released the remaining drill results -- four core holes (DDH 89-92) and 23 reverse-circulation holes (RC 111-133) -- from the Lewis project 2007 drill program in Battle Mountain mining district, Nevada.
Highlights
Step-out drilling has expanded the size of Virgin zone mineralization including:
6.1 metres of 10.7 grams per tonne (g/t) gold in RC-124;
13.7 metres of 4.96 g/t gold in RC-113;
7.6 metres of 2.73 g/t gold in RC-111;
21.3 metres of 1.8 g/t gold and 6.1 metres of 1.44 g/t gold in RC-133;
24.4 metres of 1.51 g/t gold in RC-119;
DDH-90 returns multiple zones of mineralization including five metres of 1.42 g/t gold, seven metres of 2.94 g/t gold and three metres of 2.31 g/t gold.
The Phoenix joint venture comprises Great American Minerals Inc. (40 per cent) and Madison Minerals (60 per cent), with Madison as operator.
The 2007 Lewis project drill program completed 10 core holes (DDHMAD 83-92) totalling 2,303 metres and 34 reverse-circulation (RC) drill holes (RCMAD 100-133) totalling 7,341 metres. All holes were drilled along the Virgin structural zone. Drill results compare favourably with previously reported styles and grades of mineralization, including steeply oriented higher-grade and subhorizontal lower grade, hosted by favourable stratigraphy, mineralized structural intersections and cross structures.
Step-out RC drilling expanded the Virgin zone mineralized area by 100 metres north to a total 600-metre strike length and downdip a further 50 metres to a total 250-metre depth and remains open to expansion along strike and to depth.
Core drilling confirmed previous RC drill results and tested the geological model, with DDH-90 a redrill of previous RC-82, which had poor recovery when drilled. Due to better recovery, DDH-90 improved on the previous results and over a wider interval.
The company's proposed $2.5-million Lewis project 2008 drill program is designed to include both core and reverse-circulation drilling, with two principal objectives. First, infill drilling on the Virgin zone will generate an NI 43-101-compliant resource estimate. Second, step-out drilling will further evaluate the subparallel Buena Vista zone, which the company successfully tested in 2006. Lions Gate Geological Consultants have been engaged to evaluate the geological model and make drill-hole recommendations for the infill drilling required for the Virgin zone resource estimate.
Analytical results confirm a favourable correlation between silver, lead and zinc values and gold mineralization. The intervals reported use a 0.5 g/t cut-off and true widths have not been determined.
Fieldwork was carried out under the supervision of Gerald McArthur, PGeo, a qualified person for the purposes of National Instrument 43-101, who has verified the data disclosed in this news release. SGS Laboratories of Toronto and TSL Laboratories in Saskatoon carried out all analysis.
To find out more about Madison Minerals please visit the company's website.
Hole No. From-to(m) Interval (m) Gold (g/t)
MAD-89 210-214 4 1.60
MAD-90 121-127 6 1.25
160-162 2 0.98
164-171 7 2.94
including 170-171 1 11.69
189-191 2 1.19
205-208 3 2.31
MAD-91 140-146 6 1.64
MAD-92 184-187 3 1.72
MAD-111 117.3-125 7.6 2.73
MAD-112 71.6-74.7 3 1.10
91.4-108.2 16.8 1.64
including 93-94.5 1.5 8.06
112.8-115.8 3 1.12
MAD-113 86.9-100.6 13.7 4.96
including 88.3-89.9 1.5 14.99
MAD-114 111.3-128 16.8 2.53
including 111.3-117.3 6.1 4.60
MAD-115 15.2-21.3 6.1 2.03
62.5-67.1 4.6 1.51
76.2-83.8 7.6 0.96
100.6-103.6 3 3.77
MAD-117 68.6-73.1 4.6 1.07
MAD-119 83.8-108.2 24.4 1.51
including 86.9-89.9 3 3.79
MAD-120 54.9-65.5 10.6 1.55
including 57.9-61 3 3.06
MAD-121 74.7-82.3 7.6 1.24
128-131 3 1.25
MAD-123 59.4-62.5 3 0.76
74.7-83.8 9.1 1.37
131.1-134.1 3 1.39
219.5-225.5 6.1 0.93
MAD-124 41.1-44.1 3 1.37
89.9-92.9 3 0.96
94.5-100.6 6.1 10.7
including 94.5-96 1.5 36.39
MAD-125 74.7-77.7 3 2.09
143.3-147.8 4.6 1.70
MAD-126 89.9-92.9 3 2.08
114.3-117.3 3 0.98
MAD-127 91.4-94.4 3 1.39
210.3-216.4 6.1 0.90
MAD-128 82.3-94.5 12.2 1.21
MAD-130 100.6-103.6 3 3.43
MAD-132 117.3-123.4 6.1 4.35
including 121.9-123.4 1.5 13.58
178.3-184.4 6.1 0.91
MAD-133 117.3-123.4 6.1 0.82
129.5-150.9 21.3 1.80
including 129.5-135.6 6.1 3.94
190.5-196.6 6.1 1.44
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