Globex Mining- Startschuss ??? (Seite 909)
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Antwort auf Beitrag Nr.: 55.074.955 von crystalsonic am 03.06.17 20:23:53
on JUNE 3, 2017
Globex Advances Properties to Potential Large Tonnage Low Grade Gold Deposit post image
Surprising grab sample assays from Globex’ (TSX:GMX – $0.60 & Fra:G1MN – €0.39 & OTCQX:GLBXF – $0.44) adjacent Francoeur and Arntfield gold properties demonstrate the potential for a large tonnage low grade near surface gold deposit.
Shortly after Globex acquired the properties in 2016, it began reviewing the large geological data bank to identify priority target areas for exploration. A few months later, the Company initiated a small drill program on the property with some remarkable results. For example, drill hole FS‐16‐35 intersected a near-surface gold zone grading 1.19 gpt Au over a true width of 40.19 m (132 ft).
Subsequent field visits have confirmed wide zones of silicification, disseminated sulphide mineralization, hematization and other alterations typically found in association with gold mineralization.
Even more interesting is that 750 m to the southeast of drill hole FS‐16‐35, Globex’ Chief Geologist located an old trench partially exposed over a 20 m length which in grab samples returned some amazing assays of 10.18 g/t Au, 10.15 g/t Au, 9.53 g/t Au, 6.79 g/t Au and 1.54 g/t Au.
These samples represent part of the surface expression and envelope of the Francoeur Number 1 gold zone, which was selectively mined underground at a small scale in the late 1930’s early 1940’s. It is surprising that surface material with such high gold values was deemed not worth following up upon and mining at the time.
Properties NOT Thoroughly Mined
The history of Francoeur-Arntfield starts in 1923 when the Arntfield property was first staked. Different companies conducted lots of work on the assets and both were even in production for several years.
It is estimated that 2,187,200 t grading 6.17 gpt Au were mined from Francoeur producing 414,413 oz of gold. The adjacent Arntfield Mine is reported to have produced 480,804 tonnes grading 3.98 gpt Au and 0.93 gpt Ag between 1935 and 1942.
However, historical exploration and mining focused on narrow high grade gold shears and veins which could be mined by traditional underground mining methods. Consequently, country rock (host rock), even weakly to moderately altered or mineralized rock, was in many cases not assayed!
Sometimes, during drilling or surface trenching, when sections of core were assayed, wide zones of lower grade gold values such as 2.40 gpt Au over 39.32 m, 1.71 gpt Au over 8.38 m and 1.71 gpt Au over 17.98 m were defined but ignored as uneconomic. Times have certainly changed.
In March 2016, Globex signed a Binding Letter of Intent with Richmont Mines Inc. to acquire a 100% interest in the Francoeur and Arntfield Mines, located in Quebec, Canada. The purchase included a modern office building, headframe and hoist, core facility, machine shop and sundry equipment.
In exchange for the property package, Globex agreed to pay Richmont a 1.5% Net Smelter Royalty (NSR) on production at the mines, up to a total of $1,300,000 after which the NSR will be reduced to 0.5%.
Since then, Globex has been compiling and studying historical data and visiting outcrop areas at Francoeur-Arntfield with a large tonnage low grade gold mine scenario in mind.
Fabrice Taylor Discusses Globex Mining
Interestingly, Globex was mentioned earlier this week on BNN in a show called Market Call. When asked to comment on Globex, well known Fabrice Taylor replied that Globex was “the cheapest mining stock in the world”. Watch the clip below.
Fabrice Taylor is a Canadian financial journalist, publisher and investor best known for writing a stock-market column in The Globe and Mail newspaper. Since January, 2011, he has authored and published The President’s Club Investment Letter, a joint-venture with The Globe and Mail. He also writes an associated investment blog, and he’s a frequent guest on the Canada’s Business News Network (BNN).
Conclusion
The Francoeur-Arntfield gold assets are starting to look very attractive. The grab sample assays are impressive and spread all over vast areas of the properties.
Globex has requested a permit to do three 100 m long trenches in the area of Globex’s wide gold drill hole intersection. In addition, the Company will map, strip and channel sample a large outcrop area to the east of the drill hole where grade samples returned numerous signification gold assays. If all goes as planned, work should start later this month.
Undoubtedly lots more work will be conducted on these properties to outline a low grade, large tonnage gold deposit similar to other such targets and mines currently in the Abitibi. Unless of course a third party closes an agreement with Globex to option the property. Recommendation BUY.
http://smallcaps.us/globex-advances-properties-to-potential-large-tonnage-low-grade-gold-deposit
Globex Advances Properties to Potential Large Tonnage Low Grade Gold Depositon JUNE 3, 2017
Globex Advances Properties to Potential Large Tonnage Low Grade Gold Deposit post image
Surprising grab sample assays from Globex’ (TSX:GMX – $0.60 & Fra:G1MN – €0.39 & OTCQX:GLBXF – $0.44) adjacent Francoeur and Arntfield gold properties demonstrate the potential for a large tonnage low grade near surface gold deposit.
Shortly after Globex acquired the properties in 2016, it began reviewing the large geological data bank to identify priority target areas for exploration. A few months later, the Company initiated a small drill program on the property with some remarkable results. For example, drill hole FS‐16‐35 intersected a near-surface gold zone grading 1.19 gpt Au over a true width of 40.19 m (132 ft).
Subsequent field visits have confirmed wide zones of silicification, disseminated sulphide mineralization, hematization and other alterations typically found in association with gold mineralization.
Even more interesting is that 750 m to the southeast of drill hole FS‐16‐35, Globex’ Chief Geologist located an old trench partially exposed over a 20 m length which in grab samples returned some amazing assays of 10.18 g/t Au, 10.15 g/t Au, 9.53 g/t Au, 6.79 g/t Au and 1.54 g/t Au.
These samples represent part of the surface expression and envelope of the Francoeur Number 1 gold zone, which was selectively mined underground at a small scale in the late 1930’s early 1940’s. It is surprising that surface material with such high gold values was deemed not worth following up upon and mining at the time.
Properties NOT Thoroughly Mined
The history of Francoeur-Arntfield starts in 1923 when the Arntfield property was first staked. Different companies conducted lots of work on the assets and both were even in production for several years.
It is estimated that 2,187,200 t grading 6.17 gpt Au were mined from Francoeur producing 414,413 oz of gold. The adjacent Arntfield Mine is reported to have produced 480,804 tonnes grading 3.98 gpt Au and 0.93 gpt Ag between 1935 and 1942.
However, historical exploration and mining focused on narrow high grade gold shears and veins which could be mined by traditional underground mining methods. Consequently, country rock (host rock), even weakly to moderately altered or mineralized rock, was in many cases not assayed!
Sometimes, during drilling or surface trenching, when sections of core were assayed, wide zones of lower grade gold values such as 2.40 gpt Au over 39.32 m, 1.71 gpt Au over 8.38 m and 1.71 gpt Au over 17.98 m were defined but ignored as uneconomic. Times have certainly changed.
In March 2016, Globex signed a Binding Letter of Intent with Richmont Mines Inc. to acquire a 100% interest in the Francoeur and Arntfield Mines, located in Quebec, Canada. The purchase included a modern office building, headframe and hoist, core facility, machine shop and sundry equipment.
In exchange for the property package, Globex agreed to pay Richmont a 1.5% Net Smelter Royalty (NSR) on production at the mines, up to a total of $1,300,000 after which the NSR will be reduced to 0.5%.
Since then, Globex has been compiling and studying historical data and visiting outcrop areas at Francoeur-Arntfield with a large tonnage low grade gold mine scenario in mind.
Fabrice Taylor Discusses Globex Mining
Interestingly, Globex was mentioned earlier this week on BNN in a show called Market Call. When asked to comment on Globex, well known Fabrice Taylor replied that Globex was “the cheapest mining stock in the world”. Watch the clip below.
Fabrice Taylor is a Canadian financial journalist, publisher and investor best known for writing a stock-market column in The Globe and Mail newspaper. Since January, 2011, he has authored and published The President’s Club Investment Letter, a joint-venture with The Globe and Mail. He also writes an associated investment blog, and he’s a frequent guest on the Canada’s Business News Network (BNN).
Conclusion
The Francoeur-Arntfield gold assets are starting to look very attractive. The grab sample assays are impressive and spread all over vast areas of the properties.
Globex has requested a permit to do three 100 m long trenches in the area of Globex’s wide gold drill hole intersection. In addition, the Company will map, strip and channel sample a large outcrop area to the east of the drill hole where grade samples returned numerous signification gold assays. If all goes as planned, work should start later this month.
Undoubtedly lots more work will be conducted on these properties to outline a low grade, large tonnage gold deposit similar to other such targets and mines currently in the Abitibi. Unless of course a third party closes an agreement with Globex to option the property. Recommendation BUY.
Antwort auf Beitrag Nr.: 55.074.898 von chairbound am 03.06.17 20:07:55
nachfolgend die Antworten von Jack herzlichen Dank für diesen Service am Samstag. Ich habe aus bestimmten Gründen nicht alle Antworten eingestellt - sie sind fortlaufend nummeriert, somit weiß dann jeder wieviele fehlen. Für die Interessierten gerne per PM eure E-Mail und ich leite es dort weiter aber bin mir bei manchen Antworten nicht sicher, ob ich das hier posten sollte oder darf. Insgesamt sind alle nicht hier geposteten Antworten aber als (sehr) positiv zu werten. Ich habe die E-Mail bereits an meinen bekannten Verteilerkreis weitergeleitet Eure Emails habe ich ja schon :-)
Gruß und bis bald Sonic
1. What are our plans for 2017? It seems Francouer is the focus what else?
Yes. Francoeur is the focus this summer. As you can see from the recent press releases we are finding good gold values on surface.
2. Magusi - Frage und Antwort gestrichen!
3. Agnico seems to be finally out of ore for Lapa end of June regarding there MDaA is here any interest to acquire Wood Pandora or use our ore afterwarda? On a stand alone basis its nice to have this project for GMX but we are limited to the good will of them have you thought of selling it to them to montize it? Its less advacement there and its one of our flagship projects.
We have another planning meeting with them next week. They seem to have as the saying goes "bigger fish to fry". Maybe now that Lapa is near the end they will be more open to a production deal but I wouldn't count on it.
4. Any news insight for TTM? You said on last fair in Munich we plan to upgrade resource quality when is this going to happen and any plans afterwards? Interest from any party after the quality upgrade?
We just signed the contract for the last series of QuemScan analysis. Had an interested party up in Rouyn-Noranda last week for a show and tell..
5. Any new major deals insight or any deals in total in sight? We had very much deals last year but dynamic has slow down in this year do you anticipate a better second half?
We have done a number of small deals for silica and gold. Nothing major as of yet.
6. Special project - Frage und Antwort gestrichen!
7. Any interest in Duquesne West?
Yes but nothing in the range that I would accept.
8. What is planned with the cash income from Nyrstar? Approx 100k per months.
Nothing at the moment. You know the expression, "don't count your chickens before they hatch"? Well the same here. I am concerned by the volatility of the zinc price so it is a wait and see game. We have no shortage of places to spend the funds if it truly starts to flow. Maybe I am being over cautious but I prefer to plan based upon cash in hand.
9. What is our current cash position? Do we need another PP or are we fully financed for 2017 goals and we calculate with the royalty income afterwards.
We are fully financed for 2017 between the cash on hand and shares we can sell. The royalty funds will be the icing on the cake.
Antworten von Jack
Liebes Forum,nachfolgend die Antworten von Jack herzlichen Dank für diesen Service am Samstag. Ich habe aus bestimmten Gründen nicht alle Antworten eingestellt - sie sind fortlaufend nummeriert, somit weiß dann jeder wieviele fehlen. Für die Interessierten gerne per PM eure E-Mail und ich leite es dort weiter aber bin mir bei manchen Antworten nicht sicher, ob ich das hier posten sollte oder darf. Insgesamt sind alle nicht hier geposteten Antworten aber als (sehr) positiv zu werten. Ich habe die E-Mail bereits an meinen bekannten Verteilerkreis weitergeleitet Eure Emails habe ich ja schon :-)
Gruß und bis bald Sonic
1. What are our plans for 2017? It seems Francouer is the focus what else?
Yes. Francoeur is the focus this summer. As you can see from the recent press releases we are finding good gold values on surface.
2. Magusi - Frage und Antwort gestrichen!
3. Agnico seems to be finally out of ore for Lapa end of June regarding there MDaA is here any interest to acquire Wood Pandora or use our ore afterwarda? On a stand alone basis its nice to have this project for GMX but we are limited to the good will of them have you thought of selling it to them to montize it? Its less advacement there and its one of our flagship projects.
We have another planning meeting with them next week. They seem to have as the saying goes "bigger fish to fry". Maybe now that Lapa is near the end they will be more open to a production deal but I wouldn't count on it.
4. Any news insight for TTM? You said on last fair in Munich we plan to upgrade resource quality when is this going to happen and any plans afterwards? Interest from any party after the quality upgrade?
We just signed the contract for the last series of QuemScan analysis. Had an interested party up in Rouyn-Noranda last week for a show and tell..
5. Any new major deals insight or any deals in total in sight? We had very much deals last year but dynamic has slow down in this year do you anticipate a better second half?
We have done a number of small deals for silica and gold. Nothing major as of yet.
6. Special project - Frage und Antwort gestrichen!
7. Any interest in Duquesne West?
Yes but nothing in the range that I would accept.
8. What is planned with the cash income from Nyrstar? Approx 100k per months.
Nothing at the moment. You know the expression, "don't count your chickens before they hatch"? Well the same here. I am concerned by the volatility of the zinc price so it is a wait and see game. We have no shortage of places to spend the funds if it truly starts to flow. Maybe I am being over cautious but I prefer to plan based upon cash in hand.
9. What is our current cash position? Do we need another PP or are we fully financed for 2017 goals and we calculate with the royalty income afterwards.
We are fully financed for 2017 between the cash on hand and shares we can sell. The royalty funds will be the icing on the cake.
Antwort auf Beitrag Nr.: 55.072.621 von crystalsonic am 03.06.17 10:22:08Hallo Sonic,
auch von mir vielen Dank für das das neueste Ugrade der Globex-Partner mit den vielen neuen News sowie der Zusamenfassung der neuesten MDaA. Dann warten wir mal gespannt was Jack an Neuigkeiten berichten kann.
Schöne Pfingsfeiertage an alle
auch von mir vielen Dank für das das neueste Ugrade der Globex-Partner mit den vielen neuen News sowie der Zusamenfassung der neuesten MDaA. Dann warten wir mal gespannt was Jack an Neuigkeiten berichten kann.
Schöne Pfingsfeiertage an alle
Antwort auf Beitrag Nr.: 55.074.028 von crystalsonic am 03.06.17 15:42:24Vielen Dank für Deine Posts und die Schlaglichter aus den MD&A!
Antwort auf Beitrag Nr.: 55.072.975 von crystalsonic am 03.06.17 11:32:01Summary MDaA
1. Gewinn im ersten Quartal von 160k
2. Schlecht leider ist bei den Zielen keine Rede mehr von Magusi, Wood Pandora etc sondern nur noch eine Exploration durchführen und Option Deals also der große Hebel scheint weg gefallen leider aber das Ckre Business scheint ja trotzdem gut zu Laufen :-)
3. Erneut gute 300k Exploration Ausgaben wie gewohnt bei GMX. Fokus war Magusi und Francouer.
4. Die Bohrungen und die EM Tiefen Analysen auf Magusi haben nichts erbracht äußerst unschön da hier gut 150k für zwei Drill Holes ausgegeben wurde per Helikopter über dem Eis (???) da muss ich Jack nochmal fragen was das sollte. Ausblick hier: Lac Sauvignon, Francouer und Pyrox werden alle drei in Q2 bebohrt. Plus Devils Pike Analysen auch in Q2
5. Option Income ohne Royalties in Q1 bei knapp 480k mit 220k Enforcer, MN 100k und Galway 80k, dazu noch Kleinkram von Tres Or , Opawica und Magusi (?) hier scheint vielleicht der Interessierte bzw die dritte Partei einen Teil der Drill Holes bezahlt zu haben.
6.
ie Ausgaben sind leicht angestiegen was auch daran liegt das die seit 2014 deutlich reduzierten CEO und CFO Gehälter wieder etwas erhört wurden.
7. Wir haben Cash von 840k, 550k Cash reserviert für Exploration und Investments in Höhe von 1,25 Millionen was ein Working Capital Von 2,5 Millionen macht inkl. Dem Abzug der Liablities
8. Wir rechnen noch in 2017 mit Option Deal Income von etwa einer Million (ohne Royalties) nur aus den bestehenden Option Deals und macht muss um das bestehende Portfolio der Claims zu erhalten etwas über 200k investieren. Dazu rechnet man ab Q4 mit monatlich 100-120k Nyrstar payments.
Fazit: Sieht alles gut aus, ordentliche Einnahmen und gute Bilanz und Cash. Guter Fokus in Q2 was bebohrt wird. Negativ der große Schlag fehlt derzeit denn Wood Pandora und Magusi und TTM bleiben inaktiv. Ich muss mal schauen was ich da bei Jack raus kitzeln kann :-) denn wir sind mit 30m bewertet und ja haben 2,5m Cash haben Royalties inplace usw. Aber das ist auch schon eingepreist. Woher kommt der Uptrend der Globex über 1 CAD hievt .. Duquesne West, Francouer wir werden sehen was wir erfahren können liebe Grüße Sonic bin erstmal wieder weg bis 3.7.17 vielleicht zwischendurch ein kurzer Post und natürlich die Antwort von Jack sobald Sie kommt. Daumen drücken alles wird gut :-)
1. Gewinn im ersten Quartal von 160k
2. Schlecht leider ist bei den Zielen keine Rede mehr von Magusi, Wood Pandora etc sondern nur noch eine Exploration durchführen und Option Deals also der große Hebel scheint weg gefallen leider aber das Ckre Business scheint ja trotzdem gut zu Laufen :-)
3. Erneut gute 300k Exploration Ausgaben wie gewohnt bei GMX. Fokus war Magusi und Francouer.
4. Die Bohrungen und die EM Tiefen Analysen auf Magusi haben nichts erbracht äußerst unschön da hier gut 150k für zwei Drill Holes ausgegeben wurde per Helikopter über dem Eis (???) da muss ich Jack nochmal fragen was das sollte. Ausblick hier: Lac Sauvignon, Francouer und Pyrox werden alle drei in Q2 bebohrt. Plus Devils Pike Analysen auch in Q2
5. Option Income ohne Royalties in Q1 bei knapp 480k mit 220k Enforcer, MN 100k und Galway 80k, dazu noch Kleinkram von Tres Or , Opawica und Magusi (?) hier scheint vielleicht der Interessierte bzw die dritte Partei einen Teil der Drill Holes bezahlt zu haben.
6.
ie Ausgaben sind leicht angestiegen was auch daran liegt das die seit 2014 deutlich reduzierten CEO und CFO Gehälter wieder etwas erhört wurden.7. Wir haben Cash von 840k, 550k Cash reserviert für Exploration und Investments in Höhe von 1,25 Millionen was ein Working Capital Von 2,5 Millionen macht inkl. Dem Abzug der Liablities
8. Wir rechnen noch in 2017 mit Option Deal Income von etwa einer Million (ohne Royalties) nur aus den bestehenden Option Deals und macht muss um das bestehende Portfolio der Claims zu erhalten etwas über 200k investieren. Dazu rechnet man ab Q4 mit monatlich 100-120k Nyrstar payments.
Fazit: Sieht alles gut aus, ordentliche Einnahmen und gute Bilanz und Cash. Guter Fokus in Q2 was bebohrt wird. Negativ der große Schlag fehlt derzeit denn Wood Pandora und Magusi und TTM bleiben inaktiv. Ich muss mal schauen was ich da bei Jack raus kitzeln kann :-) denn wir sind mit 30m bewertet und ja haben 2,5m Cash haben Royalties inplace usw. Aber das ist auch schon eingepreist. Woher kommt der Uptrend der Globex über 1 CAD hievt .. Duquesne West, Francouer wir werden sehen was wir erfahren können liebe Grüße Sonic bin erstmal wieder weg bis 3.7.17 vielleicht zwischendurch ein kurzer Post und natürlich die Antwort von Jack sobald Sie kommt. Daumen drücken alles wird gut :-)
Trading Spotlight
Antwort auf Beitrag Nr.: 55.072.696 von crystalsonic am 03.06.17 10:38:13
TORONTO, ONTARIO--(Marketwired - May 8, 2017) - Galway Metals Inc. (TSX VENTURE:GWM) (the "Company" or "Galway") is pleased to announce assay results from four additional drill holes completed at its 100%-owned, 18,314 hectare, Estrades polymetallic property located in the northern Abitibi of western Quebec, Canada. Galway has now completed its Phase One drill program at Estrades. Sixteen holes plus one wedge hole were drilled, with one of the holes stopped due to excessive deviation, for a total of 6,469 metres. The Phase One program was designed to expand the existing resource on the periphery of known zones at shallow depths, and to probe a few deeper holes close to potential source vents. Galway has received full assay results from five holes, with one of them previously reported in the February 28th press release. Assays for the remaining 12 holes are pending.
Robert Hinchcliffe, President and CEO of Galway Metals, said, "Galway is very pleased with the new results. As we expand the resource in multiple areas, the high-grade nature of the deposit remains evident. With detailed IP results expected next week, Galway has approved a new 6,000 metre, Phase Two drill program that will enable us to place more emphasis on deeper targets in our search for high-grade source vents."
Highlights for holes with full assays received include:
72.5 g/t Au and 40.1 g/t Ag over 1.55 metres (true width = 1.0m), starting at a vertical depth of 92 meters in hole GWM-17E-01 (previously reported in a Hole #From
(m)To
(m)Intercept
(m)TW
(m)Au
(g/t)Ag
(g/t)Zn
(%)Cu
(%)Pb
(%)Type*GWM-17E-01106.8108.31.61.072.529.40.7DSS112.9114.01.10.71.1DSSGWM-17E-04303.4305.01.71.20.662.00.55.1MSincluding303.7304.30.60.41.3159.012.9MSGWM-17E-05355.0356.91.91.21.489.90.37.40.7MSGWM-17E-13124.3126.62.41.00.854.74.90.3>0.5MSincluding125.8126.60.90.41.992.410.90.5MSGWM-17E-07611.2611.90.80.51.1DSS615.5618.02.51.70.5DSS
*Type: MS = massive sulphide, SMS = semi-massive sulphide DSS = disseminated and stringer sulphides; onlysignificant assays are noted.
Drill hole descriptions
Drill holes GWM-17E-04 and GWM-17E-05 were drilled along the eastern periphery of the resource and intersected 5.1% Cu and 62.0 g/t Ag over 1.65 metres, and 7.4% Cu and 89.9 g/t Ag over 1.90 metres, respectively, in an area where the resource has now been expanded to depth and to the east (Figure 1). The intersection in GWM-17E-05 is located 64 metres below hole H-222 that intersected 9.4% Cu over 0.7m (0.5 m TW) (and 0.5% Zn), and is open below. The intersection in GWM-17E-04 is located 18 metres east of H-222 and is 84 metres below hole H-073 that intersected 8.9% Zn over 1.7m (1.4 m TW) (and 0.2% Cu). The mineralization appears to change from copper-rich to zinc-rich to gold-rich areas. The mineralization looked similar in both GWM-17E-04 and GWM-17E-05, with 25-35% massive chalcopyrite in each.
Drill hole GWM-17E-13 was drilled 475 metres west of hole 17E-04 and intersected 4.9% Zn, 0.8 g/t Au and 54.7 g/t Ag over 2.35 metres (at -120m from surface). It was drilled along with holes 14, 15 and 16 to expand the resource in an area where limited past drilling indicates that mineralization is open in all directions. One of the deepest intersections of copper-rich mineralization on the property is present below the area drilled, with hole EME-07 having 2.4% Cu over 6.4 metres (4.6 m TW), including 7.4% Cu over 0.6 metres (0.4 m TW) (at -814m from surface). It is thought that this may represent a source vent zone. The intersection in GWM-17E-13 is located at 50 metres above hole H-065 that intersected 11.4% Zn over 0.3m in a 1.6m zone. The mineralization in GWM-17E-13 is massive sulphide (90% sulphides).
Drill hole GWM-17E-07 was drilled along the eastern periphery of the resource below holes 17E-04 and 17E-05 and did not reach its intended target. Instead it ended up 100 metres below the target and too far to the west and out of the plunge of mineralization. The hole was intended to target mineralization between holes H-082 and EME-02, which intersected 9.3% Cu and 2.7% Zn over 0.9m (0.6 m TW) (and 101.1 g/t Ag) and 1.3% Cu over 4.0m (3.0 m TW), including 4.1% Cu over 0.3m (0.25 m TW), respectively. This hole will be wedged to the east to the desired location next winter when a drill can again be set up.
Induced Polorization Geophysical Program
The Company has also completed a paired downhole induced polarization (IP) program at both its Estrades and nearby Newiska properties to search for deeper source vents rich in copper and other metals. This IP program is expected to enhance Galway's ability to find areas rich in sulphides, which often hosts copper and other metal-bearing minerals. Final results from this IP program are expected next week. These results will enable Galway to partially transition from drilling near surface targets to deeper targets in the search for source vents.
Resource Estimate
On ClassLens NameTonnesAu
(g/t)Ag
(g/t)Zn
(%)Cu
(%)Pb
(%)IndicatedMain912,0004.25158.48.841.220.71Central388,0003.0589.65.87.880.50Total Indicated1,300,0003.89137.97.951.120.65InferredMain354,0001.7283.44.821.170.41Central233,0002.5755.84.04.450.35East631,0001.0565.04.111.990.15Total Inferred1,219,0001.5468.64.311.460.26
Class Lens Name Au
(oz) Ag
(oz) Zn
(000 lb) Cu
(000 lb) Pb
(000 lb)
Indicated Main 124,618 4,644,594 177,738 24,529 14,275
Central 38,048 1,117,731 50,212 7,527 4,277
Total Indicated 162,666 5,762,325 227,950 32,057 18,552
Inferred Main 19,576 949,220 37,617 9,131 3,200
Central 19,252 418,011 20,753 2,312 1,798
East 21,302 1,318,683 57,175 27,683 2,087
Total Inferred 60,131 2,685,915 115,544 39,126 7,084
Notes:
CIM definitions were followed for Mineral Resources.
No Mineral Reserves are present.
All metal prices, the US$/CDN$ exchange rate and cut-off grade were provided by RPA.
Mineral Resources are estimated at long-term metal prices (USD) as follows: Zn $1.15/lb, Cu $3.50/lb, Pb $1.00/lb, Au $1,450/oz, and Ag $21.00/oz.
Mineral Resources are estimated using an average long-term foreign exchange rate of US$0.80 per CDN$1.00.
Mineral Resources are estimated at a cut-off grade of CDN$140/tonne NSR, which included provisions for metallurgical recoveries, freight, mining, milling, refining and G&A costs, smelter payables for each metal and applicable royalty payments.
A minimum mining width of approximately 1.5 m was used.
Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.
Numbers may not add due to rounding.
Estrades, Newiska, and Casa Berardi Geology and Mineralization
The Estrades area is in the NW Abitibi Subprovince, with generally east-west striking and vertically dipping volcanics, with the mineralization of a classic Archean age of the syngenetic exhalative type, hosted in a rhyolite felsic schist and/or brecciated or felsic tuff with alteration typically a pervasive sericite with local chlorite. Regional metamorphism is of greenschist facies. Pyrite is the dominant sulphide, however sphalerite is common, as is chalcopyrite and galena. RPA found that 2 mineralized horizons appear to be kept separate by a Key Marker horizon; the two layers traceable along the entire strike length. To the west, the Main Zone is mineralized for > 400 m horizontally, extends > 850 m below surface, has an average width of 3.8 m, and is the location of all production to date. The Central Zone has a strike length of 500 m, is drilled to 550m, and has an average width of 2.0 m, while the East Zone lies 100 m east of the Central Zone, is > 700 m horizontal, is drilled to 750 m in depth, and is 1.0 m to 2.5 m in width. A fault separates the Main Zone from the Central and East Zones, and strikes 338° and dips 65° SW, with a 210 m offset. Mineralization that has been identified in the deepest drill hole (Hole H-281AW) is located under the mine, and intersected sulphide mineralization 900 m below surface, returning 3.3% Zn, 0.5% Cu, 1.1 g/t Au and 38.7 g/t Ag over 1.9 m. The Estrades deposit is covered by glacial silt, clays and sandy gravels of variable thickness. The Newiska Block is > 300m of sericite-chlorite alteration in rhyolite, with chalcopyrite-sphalerite stringer mineralization and is located southeast of Estrades. The Casa Berardi geology and mineralization consists of a major regional deformation zone, the Casa-Berardi Break, that is 2 km north of the Estrades Unit within sediments, and that is a 4m graphitic fault with injections of quartz-carbonate veining in sandstone, siltstone, greywacke and argillite +BIF, where the sediments are sericitized and carbonatized; containing up to 20% ankerite and locally, pyrite, arsenopyrite-bearing, smoky to dark quartz veins containing pyrite and arsenopyrite.
Review by Qualified Person, Quality Control and Reports
In compliance with National Instrument 43-101, Mr. Mike Sutton, P.Geo. is the Qualified Person responsible for the accuracy of this news release. Mr Reno Pressacco, P. Geo, is the Qualified Person responsible for preparation and disclosure of the Estrades Mineral Resource estimate, and is independent of Galway. The drill core is sawn in half with one half of the core sample shipped to Swastika Laboratories situated in Swastika, ON, which has accreditation of ISO/IEC 17025. The other half of the core is retained for future assay verification. Other QA/QC measures includes the insertion of certified reference standards (gold and polymetallics) and blanks into the sample stream, and the regular re-assaying of pulps and rejects at alternate certified labs. Gold analysis is conducted by fire assay using atomic absorption or gravimetric finish. The laboratory re-assays at least 10% of all samples and additional checks may be run on anomalous values.
Hole ID Azimuth Dip Northing Easting Total Depth (m)
Galway Metals Drilling
GWM-17E-01 340° -63° 5494990 655869 150
GWM-17E-04 3° -55° 5494801 655626 368
GMW-17E-05 354° -67° 5494801 655626 456
GWM-17E-07 343° -69° 5494701 655646 705
GWM-17E-013 357° -73° 5494834 655151 160
Historical Drilling
H-227 348° -51.5° 5494990 655869 122
H-087 351° -50° 5494924 655858 227
About the Company
Galway Metals is well capitalized with two gold projects in Canada, Clarence Stream, an emerging gold district in New Brunswick, and Estrades, the former producing, high-grade VMS mine in Quebec. The Company began trading on January 4, 2013, after the successful spinout to existing shareholders from Galway Resources following the completion of the US$340 million sale of that company. With substantially the same management team and Board of Directors, Galway Metals is keenly intent on creating similar value as it had with Galway Resources.
Richtig gute Phase 1 Ergebnisse auf Estrades Claims wo auch unsere Montgolfier Claims sind
Galway Metals Inc. (GWM - TSXV)TORONTO, ONTARIO--(Marketwired - May 8, 2017) - Galway Metals Inc. (TSX VENTURE:GWM) (the "Company" or "Galway") is pleased to announce assay results from four additional drill holes completed at its 100%-owned, 18,314 hectare, Estrades polymetallic property located in the northern Abitibi of western Quebec, Canada. Galway has now completed its Phase One drill program at Estrades. Sixteen holes plus one wedge hole were drilled, with one of the holes stopped due to excessive deviation, for a total of 6,469 metres. The Phase One program was designed to expand the existing resource on the periphery of known zones at shallow depths, and to probe a few deeper holes close to potential source vents. Galway has received full assay results from five holes, with one of them previously reported in the February 28th press release. Assays for the remaining 12 holes are pending.
Robert Hinchcliffe, President and CEO of Galway Metals, said, "Galway is very pleased with the new results. As we expand the resource in multiple areas, the high-grade nature of the deposit remains evident. With detailed IP results expected next week, Galway has approved a new 6,000 metre, Phase Two drill program that will enable us to place more emphasis on deeper targets in our search for high-grade source vents."
Highlights for holes with full assays received include:
72.5 g/t Au and 40.1 g/t Ag over 1.55 metres (true width = 1.0m), starting at a vertical depth of 92 meters in hole GWM-17E-01 (previously reported in a Hole #From
(m)To
(m)Intercept
(m)TW
(m)Au
(g/t)Ag
(g/t)Zn
(%)Cu
(%)Pb
(%)Type*GWM-17E-01106.8108.31.61.072.529.40.7DSS112.9114.01.10.71.1DSSGWM-17E-04303.4305.01.71.20.662.00.55.1MSincluding303.7304.30.60.41.3159.012.9MSGWM-17E-05355.0356.91.91.21.489.90.37.40.7MSGWM-17E-13124.3126.62.41.00.854.74.90.3>0.5MSincluding125.8126.60.90.41.992.410.90.5MSGWM-17E-07611.2611.90.80.51.1DSS615.5618.02.51.70.5DSS
*Type: MS = massive sulphide, SMS = semi-massive sulphide DSS = disseminated and stringer sulphides; onlysignificant assays are noted.
Drill hole descriptions
Drill holes GWM-17E-04 and GWM-17E-05 were drilled along the eastern periphery of the resource and intersected 5.1% Cu and 62.0 g/t Ag over 1.65 metres, and 7.4% Cu and 89.9 g/t Ag over 1.90 metres, respectively, in an area where the resource has now been expanded to depth and to the east (Figure 1). The intersection in GWM-17E-05 is located 64 metres below hole H-222 that intersected 9.4% Cu over 0.7m (0.5 m TW) (and 0.5% Zn), and is open below. The intersection in GWM-17E-04 is located 18 metres east of H-222 and is 84 metres below hole H-073 that intersected 8.9% Zn over 1.7m (1.4 m TW) (and 0.2% Cu). The mineralization appears to change from copper-rich to zinc-rich to gold-rich areas. The mineralization looked similar in both GWM-17E-04 and GWM-17E-05, with 25-35% massive chalcopyrite in each.
Drill hole GWM-17E-13 was drilled 475 metres west of hole 17E-04 and intersected 4.9% Zn, 0.8 g/t Au and 54.7 g/t Ag over 2.35 metres (at -120m from surface). It was drilled along with holes 14, 15 and 16 to expand the resource in an area where limited past drilling indicates that mineralization is open in all directions. One of the deepest intersections of copper-rich mineralization on the property is present below the area drilled, with hole EME-07 having 2.4% Cu over 6.4 metres (4.6 m TW), including 7.4% Cu over 0.6 metres (0.4 m TW) (at -814m from surface). It is thought that this may represent a source vent zone. The intersection in GWM-17E-13 is located at 50 metres above hole H-065 that intersected 11.4% Zn over 0.3m in a 1.6m zone. The mineralization in GWM-17E-13 is massive sulphide (90% sulphides).
Drill hole GWM-17E-07 was drilled along the eastern periphery of the resource below holes 17E-04 and 17E-05 and did not reach its intended target. Instead it ended up 100 metres below the target and too far to the west and out of the plunge of mineralization. The hole was intended to target mineralization between holes H-082 and EME-02, which intersected 9.3% Cu and 2.7% Zn over 0.9m (0.6 m TW) (and 101.1 g/t Ag) and 1.3% Cu over 4.0m (3.0 m TW), including 4.1% Cu over 0.3m (0.25 m TW), respectively. This hole will be wedged to the east to the desired location next winter when a drill can again be set up.
Induced Polorization Geophysical Program
The Company has also completed a paired downhole induced polarization (IP) program at both its Estrades and nearby Newiska properties to search for deeper source vents rich in copper and other metals. This IP program is expected to enhance Galway's ability to find areas rich in sulphides, which often hosts copper and other metal-bearing minerals. Final results from this IP program are expected next week. These results will enable Galway to partially transition from drilling near surface targets to deeper targets in the search for source vents.
Resource Estimate
On ClassLens NameTonnesAu
(g/t)Ag
(g/t)Zn
(%)Cu
(%)Pb
(%)IndicatedMain912,0004.25158.48.841.220.71Central388,0003.0589.65.87.880.50Total Indicated1,300,0003.89137.97.951.120.65InferredMain354,0001.7283.44.821.170.41Central233,0002.5755.84.04.450.35East631,0001.0565.04.111.990.15Total Inferred1,219,0001.5468.64.311.460.26
Class Lens Name Au
(oz) Ag
(oz) Zn
(000 lb) Cu
(000 lb) Pb
(000 lb)
Indicated Main 124,618 4,644,594 177,738 24,529 14,275
Central 38,048 1,117,731 50,212 7,527 4,277
Total Indicated 162,666 5,762,325 227,950 32,057 18,552
Inferred Main 19,576 949,220 37,617 9,131 3,200
Central 19,252 418,011 20,753 2,312 1,798
East 21,302 1,318,683 57,175 27,683 2,087
Total Inferred 60,131 2,685,915 115,544 39,126 7,084
Notes:
CIM definitions were followed for Mineral Resources.
No Mineral Reserves are present.
All metal prices, the US$/CDN$ exchange rate and cut-off grade were provided by RPA.
Mineral Resources are estimated at long-term metal prices (USD) as follows: Zn $1.15/lb, Cu $3.50/lb, Pb $1.00/lb, Au $1,450/oz, and Ag $21.00/oz.
Mineral Resources are estimated using an average long-term foreign exchange rate of US$0.80 per CDN$1.00.
Mineral Resources are estimated at a cut-off grade of CDN$140/tonne NSR, which included provisions for metallurgical recoveries, freight, mining, milling, refining and G&A costs, smelter payables for each metal and applicable royalty payments.
A minimum mining width of approximately 1.5 m was used.
Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.
Numbers may not add due to rounding.
Estrades, Newiska, and Casa Berardi Geology and Mineralization
The Estrades area is in the NW Abitibi Subprovince, with generally east-west striking and vertically dipping volcanics, with the mineralization of a classic Archean age of the syngenetic exhalative type, hosted in a rhyolite felsic schist and/or brecciated or felsic tuff with alteration typically a pervasive sericite with local chlorite. Regional metamorphism is of greenschist facies. Pyrite is the dominant sulphide, however sphalerite is common, as is chalcopyrite and galena. RPA found that 2 mineralized horizons appear to be kept separate by a Key Marker horizon; the two layers traceable along the entire strike length. To the west, the Main Zone is mineralized for > 400 m horizontally, extends > 850 m below surface, has an average width of 3.8 m, and is the location of all production to date. The Central Zone has a strike length of 500 m, is drilled to 550m, and has an average width of 2.0 m, while the East Zone lies 100 m east of the Central Zone, is > 700 m horizontal, is drilled to 750 m in depth, and is 1.0 m to 2.5 m in width. A fault separates the Main Zone from the Central and East Zones, and strikes 338° and dips 65° SW, with a 210 m offset. Mineralization that has been identified in the deepest drill hole (Hole H-281AW) is located under the mine, and intersected sulphide mineralization 900 m below surface, returning 3.3% Zn, 0.5% Cu, 1.1 g/t Au and 38.7 g/t Ag over 1.9 m. The Estrades deposit is covered by glacial silt, clays and sandy gravels of variable thickness. The Newiska Block is > 300m of sericite-chlorite alteration in rhyolite, with chalcopyrite-sphalerite stringer mineralization and is located southeast of Estrades. The Casa Berardi geology and mineralization consists of a major regional deformation zone, the Casa-Berardi Break, that is 2 km north of the Estrades Unit within sediments, and that is a 4m graphitic fault with injections of quartz-carbonate veining in sandstone, siltstone, greywacke and argillite +BIF, where the sediments are sericitized and carbonatized; containing up to 20% ankerite and locally, pyrite, arsenopyrite-bearing, smoky to dark quartz veins containing pyrite and arsenopyrite.
Review by Qualified Person, Quality Control and Reports
In compliance with National Instrument 43-101, Mr. Mike Sutton, P.Geo. is the Qualified Person responsible for the accuracy of this news release. Mr Reno Pressacco, P. Geo, is the Qualified Person responsible for preparation and disclosure of the Estrades Mineral Resource estimate, and is independent of Galway. The drill core is sawn in half with one half of the core sample shipped to Swastika Laboratories situated in Swastika, ON, which has accreditation of ISO/IEC 17025. The other half of the core is retained for future assay verification. Other QA/QC measures includes the insertion of certified reference standards (gold and polymetallics) and blanks into the sample stream, and the regular re-assaying of pulps and rejects at alternate certified labs. Gold analysis is conducted by fire assay using atomic absorption or gravimetric finish. The laboratory re-assays at least 10% of all samples and additional checks may be run on anomalous values.
Hole ID Azimuth Dip Northing Easting Total Depth (m)
Galway Metals Drilling
GWM-17E-01 340° -63° 5494990 655869 150
GWM-17E-04 3° -55° 5494801 655626 368
GMW-17E-05 354° -67° 5494801 655626 456
GWM-17E-07 343° -69° 5494701 655646 705
GWM-17E-013 357° -73° 5494834 655151 160
Historical Drilling
H-227 348° -51.5° 5494990 655869 122
H-087 351° -50° 5494924 655858 227
About the Company
Galway Metals is well capitalized with two gold projects in Canada, Clarence Stream, an emerging gold district in New Brunswick, and Estrades, the former producing, high-grade VMS mine in Quebec. The Company began trading on January 4, 2013, after the successful spinout to existing shareholders from Galway Resources following the completion of the US$340 million sale of that company. With substantially the same management team and Board of Directors, Galway Metals is keenly intent on creating similar value as it had with Galway Resources.
Antwort auf Beitrag Nr.: 55.072.696 von crystalsonic am 03.06.17 10:38:13
2017-05-31 08:05 ET - News Release
Ms. Laura Duffett reports
TRES-OR FIRST DRILL RESULTS FROM FONTANA GOLD PROJECT
Tres-Or Resources Ltd. has released its first drill results from the Fontana gold project, 60 kilometres north of Val d'Or, Que.
Tres-Or's first drill hole (F17-01) returned 46.1 grams per tonne gold (g/t Au) over 0.5 metre and 10.4 g/t Au over one m.
Tres-Or's second drill hole (F17-02) from the same collar location, intersected three g/t Au over seven m between 69.0 and 76.0 m, including a strongly enriched zone of 15.9 g/t Au over one m between 71.0 and 72.0 m.
"We plan to resume drilling to further extend the strong gold mineralization confirmed in the Hooper and Bunkhouse zones, and to test other reported priority gold occurrences across the Fontana project," said Laura Lee Duffett, Tres-Or's president and chief executive officer.
DRILL RESULTS FOR TRES-OR'S FIRST TWO
DRILL HOLES ON THE FONTANA GOLD PROPERTY
Au From To Interval
F17-01 (g/t) (m) (m) (m)
*Hooper zone 46.11 52.50 53.00 0.50
Bunkhouse zone 10.41 215.45 216.45 1.00
F17-02
Hooper zone 2.99 69.00 76.00 7.00
Including 15.91 71.00 72.00 1.00
Bunkhouse zone 0.881 224.00 226.00 2.00
* The Hooper zone intersection in drill hole F17-01 (52.50 to 53.00 m) also
carries 2.33 per cent copper (Cu) and 98.5 g/t silver (Ag).
This first phase of drilling at Fontana was designed to confirm strongly enriched gold mineralization reported from the Hooper and Bunkhouse zones, based on historical drilling and to extend the company's understanding of the structural controls. The Bunkhouse zone extends 600 m or more from the main Fontana shear southwest past the Hooper zone, based on historical reports. The Hooper zone extends west and northwest more than 120 m in these same reports. Out of more than 300 historical drill holes, some of the best reported drill intersections are from near the intersection of the Hooper and Bunkhouse zones, including 17.1 g/t Au over 13.7 m (165.6 m to 179.4 m in drill hole JB200) and 17.5 g/t Au over 38.1 m (192.9 m to 231.1 m in wedge JB200B) from 1989 drilling.
The drill program has completed four holes totalling 897 m to date. Results from the third and fourth holes will be provided when available. At present, true thickness of the zones is not known and is the subject of Tres-Or's continuing exploration.
Samples were logged, sawn in half and sealed at Tres-Or's secure core facility in Preissac, Que., and then delivered to Techni-lab SGB Abitibi Inc. in Ste. Germaine-Boule, Que., a division of of ActLabs. At Techni-lab, samples were analyzed for gold by traditional fire assay with atomic absorption finish, with those samples returning greater than three g/t gold then repeated using a 30-gram aliquot and gravimetric finish. Sample splits were also analyzed for 63 elements by induction coupled plasma spectroscopy (ICP) by Actlabs. Techni-lab holds a certificate of accreditation conforming to ISO 17025:2005 for each of the processes used in this analysis.
Ms. Duffett, PGeo, and Harrison Cookenboo, PhD, PGeo, OGQ, are the qualified persons as defined in Canadian National Instrument 43-101, who have reviewed and are responsible for the technical information presented in this news release.
Gute Ergebnisse auf Fontana plus weitete Drllings geplant
Tres Or drills 0.5 m of 46.11 g/t Au at Fontana2017-05-31 08:05 ET - News Release
Ms. Laura Duffett reports
TRES-OR FIRST DRILL RESULTS FROM FONTANA GOLD PROJECT
Tres-Or Resources Ltd. has released its first drill results from the Fontana gold project, 60 kilometres north of Val d'Or, Que.
Tres-Or's first drill hole (F17-01) returned 46.1 grams per tonne gold (g/t Au) over 0.5 metre and 10.4 g/t Au over one m.
Tres-Or's second drill hole (F17-02) from the same collar location, intersected three g/t Au over seven m between 69.0 and 76.0 m, including a strongly enriched zone of 15.9 g/t Au over one m between 71.0 and 72.0 m.
"We plan to resume drilling to further extend the strong gold mineralization confirmed in the Hooper and Bunkhouse zones, and to test other reported priority gold occurrences across the Fontana project," said Laura Lee Duffett, Tres-Or's president and chief executive officer.
DRILL RESULTS FOR TRES-OR'S FIRST TWO
DRILL HOLES ON THE FONTANA GOLD PROPERTY
Au From To Interval
F17-01 (g/t) (m) (m) (m)
*Hooper zone 46.11 52.50 53.00 0.50
Bunkhouse zone 10.41 215.45 216.45 1.00
F17-02
Hooper zone 2.99 69.00 76.00 7.00
Including 15.91 71.00 72.00 1.00
Bunkhouse zone 0.881 224.00 226.00 2.00
* The Hooper zone intersection in drill hole F17-01 (52.50 to 53.00 m) also
carries 2.33 per cent copper (Cu) and 98.5 g/t silver (Ag).
This first phase of drilling at Fontana was designed to confirm strongly enriched gold mineralization reported from the Hooper and Bunkhouse zones, based on historical drilling and to extend the company's understanding of the structural controls. The Bunkhouse zone extends 600 m or more from the main Fontana shear southwest past the Hooper zone, based on historical reports. The Hooper zone extends west and northwest more than 120 m in these same reports. Out of more than 300 historical drill holes, some of the best reported drill intersections are from near the intersection of the Hooper and Bunkhouse zones, including 17.1 g/t Au over 13.7 m (165.6 m to 179.4 m in drill hole JB200) and 17.5 g/t Au over 38.1 m (192.9 m to 231.1 m in wedge JB200B) from 1989 drilling.
The drill program has completed four holes totalling 897 m to date. Results from the third and fourth holes will be provided when available. At present, true thickness of the zones is not known and is the subject of Tres-Or's continuing exploration.
Samples were logged, sawn in half and sealed at Tres-Or's secure core facility in Preissac, Que., and then delivered to Techni-lab SGB Abitibi Inc. in Ste. Germaine-Boule, Que., a division of of ActLabs. At Techni-lab, samples were analyzed for gold by traditional fire assay with atomic absorption finish, with those samples returning greater than three g/t gold then repeated using a 30-gram aliquot and gravimetric finish. Sample splits were also analyzed for 63 elements by induction coupled plasma spectroscopy (ICP) by Actlabs. Techni-lab holds a certificate of accreditation conforming to ISO 17025:2005 for each of the processes used in this analysis.
Ms. Duffett, PGeo, and Harrison Cookenboo, PhD, PGeo, OGQ, are the qualified persons as defined in Canadian National Instrument 43-101, who have reviewed and are responsible for the technical information presented in this news release.
Antwort auf Beitrag Nr.: 55.072.696 von crystalsonic am 03.06.17 10:38:13
2017-05-09 01:34 ET - News Release
Ms. Laura Lee Duffett reports
TRES-OR UPDATE ON FONTANA AND DUVAYGOLD PROJECTS AND FINANCING
Tres-Or Resources Ltd. has provided an exploration update on the Fontana and Duvay gold projects covering over 8,700 hectares 60 kilometres north of Val d'Or, Que.
Fontana gold project, Quebec
Tres-Or has completed the first phase of its Fontana gold project drill program. This first part of the drill program was intended to confirm strong gold mineralization reported from the Hooper and Bunkhouse zones based on historical drilling and to extend the company's understanding of the structural controls.
Four drill holes totalling 897 metres were completed to date. The Hooper and Bunkhouse zones were intersected in all four drill holes. Drill core logging and sampling are under way, and results are expected over the next few weeks and will assist in planning future work on the property. This first drill program was designed to confirm significant gold mineralization reported in historical drill reports, as well as to enhance understanding of the structural controls. At present, true thickness of the zones is not known and is the subject of Tres-Or's investigations.
"We have plans to resume drilling to further define the strong gold mineralization reported from the Hooper and Bunkhouse zones, and to test other reported priority gold occurrences across the Fontana project," said Laura Lee Duffett, Tres-Or's president and chief executive officer.
Fontana hosts significant gold mineralization from historical drilling. The Bunkhouse zone appears to extend 600 m or more from the main Fontana shear southwest past the Hooper zone, based on reported drilling, surface channel sampling, trenches and bulk samples. The Hooper zone extends west and northwest more than 100 m from these same reports. Some of the best reported intersections from more than 300 historical drill holes at Fontana are from near the intersection of the Hooper and Bunkhouse zones, including 17.5 grams per tonne gold over 38.1 m (192.9 m to 231.1 m in drill hole JB200B) and 17.1 g/t Au over 13.7 m (165.6 m to 179.4 m in drill hole JB200) from 1989 drilling.
Tres-Or has a 100-per-cent interest in the Fontana gold project, subject to underlying royalties. Fontana can be easily reached by paved and gravel roads, including good access to the Fontana shaft and other workings.
Duvay and Chenier gold project, Quebec
Tres-Or optioned to Secova Metals Corp. the Duvay and Chenier gold projects, which surround Fontana. The Duvay and Chenier gold project comprises 174 claims (7,767 hectares) adjacent to Fontana on all sides. Secova can earn a 65-per-cent interest by incurring $3.25-million in exploration over a three-year period, including $750,000 by the end of September, 2017 (refer to Tres-Or news release dated Sept. 13, 2016).
Tres-Or is operator. Secova management (Brad Kitchen, chief executive officer, and Morgan Good, president) is at the Duvay site this week discussing the 2017 exploration program with the Tres-Or team. Exploration will include drilling multiple known gold occurrences and high-priority targets.
"We are very pleased to have Brad and Morgan on site at the Duvay project this week to confirm exploration and drilling plans," said Laura Lee Duffett, Tres-Or's president and chief executive officer.
About Duvay
Visible gold was discovered at Duvay in the late 1930s. Gold mineralization is associated with the northwest-trending Duvay shear zone and intersecting northeast faults. Historical gold results from Duvay returned up to 402 g/t over 0.36 metre, 76.8 g/t over 0.46 m and 34.6 g/t over 0.46 m. Drilling and test pitting by Tres-Or support this potential, with the best analytical drill results of 83.194 g/t Au over 1.0 m and 5.217 g/t Au over 1.0 m, as well as eight other intervals between 0.42 g/t Au and 1.93 g/t Au, for intervals between one and seven m. Small (10 tonnes) bulk samples were excavated and processed by Tres-Or in a test plant built at the Duvay site. The richest pit test (DVP-002) yielded a sample grade of 0.77 g/t Au from 10 tonnes, with concentrate values averaging 369.43 g/t Au (Duvay property National Instrument 43-101 technical report, Oct. 31, 2012).
Financing
Tres-Or has completed a private placement for $115,000 by the issuance of 2.3 million units at a unit price of five cents, subject to TSX Venture Exchange approvals. Each unit will consist of one common share and one additional common share warrant for a period of two years from issuance at an exercise price of eight cents per common share. The share issuance is subject to a four-month hold period expiring on Sept. 9, 2017.
In addition, shareholders of Tres-Or have exercised 600,000 warrants at five cents each for proceeds to the company of $30,000.
Proceeds from the private placement and warrant exercise will be used to advance the company's gold and diamond assets located in the Abitibi-Temiscamingue regions of northwestern Quebec and for general corporate purposes.
Laura Lee Duffett, PGeo, a qualified person as defined in National Instrument 43-101, has reviewed and is responsible for the information presented in this news release.
About Tres-Or Resources Ltd.
Tres Or bohrt auf Fontana sehr gut!!!
Tres-Or to resume drilling at Fontana2017-05-09 01:34 ET - News Release
Ms. Laura Lee Duffett reports
TRES-OR UPDATE ON FONTANA AND DUVAYGOLD PROJECTS AND FINANCING
Tres-Or Resources Ltd. has provided an exploration update on the Fontana and Duvay gold projects covering over 8,700 hectares 60 kilometres north of Val d'Or, Que.
Fontana gold project, Quebec
Tres-Or has completed the first phase of its Fontana gold project drill program. This first part of the drill program was intended to confirm strong gold mineralization reported from the Hooper and Bunkhouse zones based on historical drilling and to extend the company's understanding of the structural controls.
Four drill holes totalling 897 metres were completed to date. The Hooper and Bunkhouse zones were intersected in all four drill holes. Drill core logging and sampling are under way, and results are expected over the next few weeks and will assist in planning future work on the property. This first drill program was designed to confirm significant gold mineralization reported in historical drill reports, as well as to enhance understanding of the structural controls. At present, true thickness of the zones is not known and is the subject of Tres-Or's investigations.
"We have plans to resume drilling to further define the strong gold mineralization reported from the Hooper and Bunkhouse zones, and to test other reported priority gold occurrences across the Fontana project," said Laura Lee Duffett, Tres-Or's president and chief executive officer.
Fontana hosts significant gold mineralization from historical drilling. The Bunkhouse zone appears to extend 600 m or more from the main Fontana shear southwest past the Hooper zone, based on reported drilling, surface channel sampling, trenches and bulk samples. The Hooper zone extends west and northwest more than 100 m from these same reports. Some of the best reported intersections from more than 300 historical drill holes at Fontana are from near the intersection of the Hooper and Bunkhouse zones, including 17.5 grams per tonne gold over 38.1 m (192.9 m to 231.1 m in drill hole JB200B) and 17.1 g/t Au over 13.7 m (165.6 m to 179.4 m in drill hole JB200) from 1989 drilling.
Tres-Or has a 100-per-cent interest in the Fontana gold project, subject to underlying royalties. Fontana can be easily reached by paved and gravel roads, including good access to the Fontana shaft and other workings.
Duvay and Chenier gold project, Quebec
Tres-Or optioned to Secova Metals Corp. the Duvay and Chenier gold projects, which surround Fontana. The Duvay and Chenier gold project comprises 174 claims (7,767 hectares) adjacent to Fontana on all sides. Secova can earn a 65-per-cent interest by incurring $3.25-million in exploration over a three-year period, including $750,000 by the end of September, 2017 (refer to Tres-Or news release dated Sept. 13, 2016).
Tres-Or is operator. Secova management (Brad Kitchen, chief executive officer, and Morgan Good, president) is at the Duvay site this week discussing the 2017 exploration program with the Tres-Or team. Exploration will include drilling multiple known gold occurrences and high-priority targets.
"We are very pleased to have Brad and Morgan on site at the Duvay project this week to confirm exploration and drilling plans," said Laura Lee Duffett, Tres-Or's president and chief executive officer.
About Duvay
Visible gold was discovered at Duvay in the late 1930s. Gold mineralization is associated with the northwest-trending Duvay shear zone and intersecting northeast faults. Historical gold results from Duvay returned up to 402 g/t over 0.36 metre, 76.8 g/t over 0.46 m and 34.6 g/t over 0.46 m. Drilling and test pitting by Tres-Or support this potential, with the best analytical drill results of 83.194 g/t Au over 1.0 m and 5.217 g/t Au over 1.0 m, as well as eight other intervals between 0.42 g/t Au and 1.93 g/t Au, for intervals between one and seven m. Small (10 tonnes) bulk samples were excavated and processed by Tres-Or in a test plant built at the Duvay site. The richest pit test (DVP-002) yielded a sample grade of 0.77 g/t Au from 10 tonnes, with concentrate values averaging 369.43 g/t Au (Duvay property National Instrument 43-101 technical report, Oct. 31, 2012).
Financing
Tres-Or has completed a private placement for $115,000 by the issuance of 2.3 million units at a unit price of five cents, subject to TSX Venture Exchange approvals. Each unit will consist of one common share and one additional common share warrant for a period of two years from issuance at an exercise price of eight cents per common share. The share issuance is subject to a four-month hold period expiring on Sept. 9, 2017.
In addition, shareholders of Tres-Or have exercised 600,000 warrants at five cents each for proceeds to the company of $30,000.
Proceeds from the private placement and warrant exercise will be used to advance the company's gold and diamond assets located in the Abitibi-Temiscamingue regions of northwestern Quebec and for general corporate purposes.
Laura Lee Duffett, PGeo, a qualified person as defined in National Instrument 43-101, has reviewed and is responsible for the information presented in this news release.
About Tres-Or Resources Ltd.
Antwort auf Beitrag Nr.: 55.072.675 von crystalsonic am 03.06.17 10:34:41
The Bazooka East and West gold properties combine for a total strike length of approximately seven kilometres along one of the most prolific auriferous structures in the world, the Cadillac Larder Lake Break ("CLLB"). Opawica's collective 100% ownership, subject to various underlying royalties, of these properties will now be referred to as the Bazooka Gold Property (the "Property").
To date only 800 metres of strike length has been tested by limited shallow drilling and small mining activities undertaken in the early 1950's through a 115 metre deep shaft on the Bazooka Gold Property. This outlines approximately six kilometres of untested strike length and the entire seven kilometres of the Bazooka Gold Property is open to depth for gold exploration.
The eastern border of Opawica's Bazooka Gold Property adjoins Yorbeau Resources Inc.'s ("Yorbeau") Rouyn Property that is currently under option for Kinross Gold Corporation ("Kinross") to purchase a 100% interest for consideration that includes C$12 million in certain exploration expenditures and a single cash payment of US$25,000,000, plus 2% of the prevailing gold price multiplied by the number of ounces in measured, indicated and inferred resources identified in a resource estimate to be completed on the Rouyn Property (see Yorbeau press release dated October 25, 2016). In addition, the western border of the Bazooka Gold Property adjoins Richmont Mines Inc.'s Wasamac gold property (approx. 3 million ozs Au resources).
All of these properties are within 10 kilometres of the Rouyn-Noranda mining camp and are located on, or near, the CLLB. The 220 kilometre length of the CLLB, and areas in general proximity thereto, between Matachewan, Ontario to Val D'Or, Quebec have yielded over 125 million ounces of gold from production and existing gold resources.
SHARES FOR SERVICES AGREEMENT WITH AGORACOM
The Company has entered into an online marketing and advertising agreement (the "Agreement") with Agora Internet Relations Corp. ("AGORACOM") for a one year term ending April 30, 2018. The Company expects to receive significant advertising exposure over the next 12 months through many content brand insertions on the AGORACOM network and extensive search engine marketing.
As compensation for the services to be provided, AGORACOM will receive $45,000 plus applicable HST and payment will be made by the issuance of common shares at a deemed price per share to be determined after the date the services are provided during the year. AGORACOM will be paid $9,000 plus applicable HST in value of shares upon commencement of the Agreement on May 1, 2017, and thereafter will receive $9,000 plus applicable HST in value of shares at the end of each quarter with the final share payment to be made on April 30, 2018. The shares issued to AGORACOM will be subject to a four month hold period from the date of each issuance of shares.
The Agreement and all securities proposed to be issued thereunder are subject to the acceptance of the TSX Venture Exchange.
Mr. Yvan Bussieres, P.Eng., is the Qualified Person who has prepared or supervised the preparation of the information that forms the basis for the scientific and technical disclosure in this news release.
For more information, please visit the Company's website at www.opawica.com.
Opawica kauft von Globex die Bazooka West Claims jetzt ein großes Bazooka Gold Projekt neben Richmont
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/28/17 -- Opawica Explorations Inc. (the "Company") (TSX VENTURE: OPW) announces that pursuant to its news releases dated August 2, 2016 and January 30, 2017, the Company has exercised its option to acquire 100% interest in the Bazooka West property located in Beauchastel Township, Quebec, from Globex Mining Enterprises Inc. ("Globex"), for consideration of a final option payment of $30,000 cash and 500,000 common shares of the Company which are subject to a four month hold period expiring August 22, 2017. Globex retains a 3% Gross Metal Royalty ("GMR") with the Company retaining the right to purchase 1% of the GMR for $1,000,000 within five years.The Bazooka East and West gold properties combine for a total strike length of approximately seven kilometres along one of the most prolific auriferous structures in the world, the Cadillac Larder Lake Break ("CLLB"). Opawica's collective 100% ownership, subject to various underlying royalties, of these properties will now be referred to as the Bazooka Gold Property (the "Property").
To date only 800 metres of strike length has been tested by limited shallow drilling and small mining activities undertaken in the early 1950's through a 115 metre deep shaft on the Bazooka Gold Property. This outlines approximately six kilometres of untested strike length and the entire seven kilometres of the Bazooka Gold Property is open to depth for gold exploration.
The eastern border of Opawica's Bazooka Gold Property adjoins Yorbeau Resources Inc.'s ("Yorbeau") Rouyn Property that is currently under option for Kinross Gold Corporation ("Kinross") to purchase a 100% interest for consideration that includes C$12 million in certain exploration expenditures and a single cash payment of US$25,000,000, plus 2% of the prevailing gold price multiplied by the number of ounces in measured, indicated and inferred resources identified in a resource estimate to be completed on the Rouyn Property (see Yorbeau press release dated October 25, 2016). In addition, the western border of the Bazooka Gold Property adjoins Richmont Mines Inc.'s Wasamac gold property (approx. 3 million ozs Au resources).
All of these properties are within 10 kilometres of the Rouyn-Noranda mining camp and are located on, or near, the CLLB. The 220 kilometre length of the CLLB, and areas in general proximity thereto, between Matachewan, Ontario to Val D'Or, Quebec have yielded over 125 million ounces of gold from production and existing gold resources.
SHARES FOR SERVICES AGREEMENT WITH AGORACOM
The Company has entered into an online marketing and advertising agreement (the "Agreement") with Agora Internet Relations Corp. ("AGORACOM") for a one year term ending April 30, 2018. The Company expects to receive significant advertising exposure over the next 12 months through many content brand insertions on the AGORACOM network and extensive search engine marketing.
As compensation for the services to be provided, AGORACOM will receive $45,000 plus applicable HST and payment will be made by the issuance of common shares at a deemed price per share to be determined after the date the services are provided during the year. AGORACOM will be paid $9,000 plus applicable HST in value of shares upon commencement of the Agreement on May 1, 2017, and thereafter will receive $9,000 plus applicable HST in value of shares at the end of each quarter with the final share payment to be made on April 30, 2018. The shares issued to AGORACOM will be subject to a four month hold period from the date of each issuance of shares.
The Agreement and all securities proposed to be issued thereunder are subject to the acceptance of the TSX Venture Exchange.
Mr. Yvan Bussieres, P.Eng., is the Qualified Person who has prepared or supervised the preparation of the information that forms the basis for the scientific and technical disclosure in this news release.
For more information, please visit the Company's website at www.opawica.com.
Antwort auf Beitrag Nr.: 55.072.675 von crystalsonic am 03.06.17 10:34:41
2017-04-07 16:20 ET - News Release
Mr. Fred Kiernicki reports
OPAWICA EXPLORATIONS INC. ANNOUNCES DRILL RESULTS FROM BAZOOKA PROPERTY DRILLING, NEAR ROUYN NORANDA, QUEBEC
Opawica Explorations Inc. has released the following drill hole results from the company's 100-per-cent-owned Bazooka East gold property, contiguous to the western boundary of the Kinross-Yorbeau Rouyn property situated seven kilometres south of Rouyn-Noranda, Que.
The initial phase 1 drilling program consisted of five holes totalling 2,172 metres of drilling.
Au
Hole From To Interval (g/t)
OP-17-01 306.2 361.0 54.8 0.65
Including 306.2 313.5 7.3 0.41
Including 319.5 325.5 6.0 2.02
Including 333.0 336.0 3.0 2.16
Including 345.0 348.0 3.0 2.69
Including 354.0 361.0 7.0 1.09
Hole 1 intersected a wide zone of gold mineralization approximately 185 metres east of a Lake Shore Gold Corp. hole drilled in 2004 (BA-03-02A) which returned several narrow high-grade gold intercepts with visible gold along with intermittent anomalous gold values. In addition, drilling completed in 2011 by RT Minerals Corp. intersected this favourable horizon (zone) about 50 metres east of current Opawica drilling. This historical hole intersected 17 metres of core length at 7.86 grams per tonne gold (RT Minerals' June 21, 2011, press release).
With the 54.8-metre-wide zone intersected in current drilling, a further review of the historical LSG hole has resulted in the restating of the LSG hole at 1.68 grams per tonne Au (uncut) (including 17 metres at 3.59 grams per tonne Au) and 0.95 gram per tonne (cut to 31 grams per tonne Au) over 48 metres. The current Opawica hole and the historical LSG hole both contained fuchsite and arsenopyrite, and are in close proximity to the Cadillac Larder Lake break (CLLB).
Hole 2 in the current program intersected highly anomalous gold values (0.17 gram per tonne Au) over the same zone for 39.9 metres. Hole 3 also intersected the same zone returning anomalous gold values (0.12 gram per tonne Au) over 20.5 metres. Hole 4 also hit the same zone, returning anomalous gold values, and hole 5 intersected the zone over a width of 65.5 metres containing highly anomalous gold values (0.24 gram per tonne Au).
All of the above current and historical intervals are estimated at approximately 85-per-cent to 95-per-cent true widths. Assaying was completed by Swastika Laboratories Ltd. of Kirkland Lake, Ont.
The presence of wide and narrow occurrences of gold mineralization in this zone warrants further drilling. It appears that this gold-bearing unit is open on strike and to depth as Archean units of this kind are known to extend several thousand metres in vertical depth.
A program consisting of downhole geophysics to better define drill targets as well as defining areas for infill drilling in and around known historical gold mineralization in the vicinity of the Bazooka shaft is now planned. The purpose of the infill drilling is to attempt to outline resources in the vicinity of the Bazooka shaft. A complete and detailed program will be announced in the next two weeks.
Opawica's Bazooka properties cover seven kilometres of the prolific CLLB. The Bazooka properties are bound to the west by the Wassamac gold property, which is 100 per cent owned by Richmont Mines Inc.
In addition, the Opawica Bazooka properties are bound to the east by the Kinross-Yorbeau Rouyn property, which has been optioned by Kinross Gold Corp., whereby Kinross has the option to acquire a 100-per-cent interest in Yorbeau Resources Inc.'s Rouyn property for consideration that includes exploration expenditures of $12-million, cash payments of $25-million (U.S.), plus 2 per cent of the prevailing gold price multiplied by the number of ounces of gold in measured, indicated and inferred identified in a resource estimate, yet to be completed, as well as other considerations (see Yorbeau's press release dated Oct. 25, 2016). Finally, Opawica also owns 100 per cent of the McWatters property which adjoins the eastern border of the Kinross-Yorbeau Rouyn property.
OPW gute Phase 1 Ergebnisse auf z.T. unseren Claims plus Phase 2 scheduled
Opawica drills 54.8 m of 0.65 g/t Au at Bazooka East2017-04-07 16:20 ET - News Release
Mr. Fred Kiernicki reports
OPAWICA EXPLORATIONS INC. ANNOUNCES DRILL RESULTS FROM BAZOOKA PROPERTY DRILLING, NEAR ROUYN NORANDA, QUEBEC
Opawica Explorations Inc. has released the following drill hole results from the company's 100-per-cent-owned Bazooka East gold property, contiguous to the western boundary of the Kinross-Yorbeau Rouyn property situated seven kilometres south of Rouyn-Noranda, Que.
The initial phase 1 drilling program consisted of five holes totalling 2,172 metres of drilling.
Au
Hole From To Interval (g/t)
OP-17-01 306.2 361.0 54.8 0.65
Including 306.2 313.5 7.3 0.41
Including 319.5 325.5 6.0 2.02
Including 333.0 336.0 3.0 2.16
Including 345.0 348.0 3.0 2.69
Including 354.0 361.0 7.0 1.09
Hole 1 intersected a wide zone of gold mineralization approximately 185 metres east of a Lake Shore Gold Corp. hole drilled in 2004 (BA-03-02A) which returned several narrow high-grade gold intercepts with visible gold along with intermittent anomalous gold values. In addition, drilling completed in 2011 by RT Minerals Corp. intersected this favourable horizon (zone) about 50 metres east of current Opawica drilling. This historical hole intersected 17 metres of core length at 7.86 grams per tonne gold (RT Minerals' June 21, 2011, press release).
With the 54.8-metre-wide zone intersected in current drilling, a further review of the historical LSG hole has resulted in the restating of the LSG hole at 1.68 grams per tonne Au (uncut) (including 17 metres at 3.59 grams per tonne Au) and 0.95 gram per tonne (cut to 31 grams per tonne Au) over 48 metres. The current Opawica hole and the historical LSG hole both contained fuchsite and arsenopyrite, and are in close proximity to the Cadillac Larder Lake break (CLLB).
Hole 2 in the current program intersected highly anomalous gold values (0.17 gram per tonne Au) over the same zone for 39.9 metres. Hole 3 also intersected the same zone returning anomalous gold values (0.12 gram per tonne Au) over 20.5 metres. Hole 4 also hit the same zone, returning anomalous gold values, and hole 5 intersected the zone over a width of 65.5 metres containing highly anomalous gold values (0.24 gram per tonne Au).
All of the above current and historical intervals are estimated at approximately 85-per-cent to 95-per-cent true widths. Assaying was completed by Swastika Laboratories Ltd. of Kirkland Lake, Ont.
The presence of wide and narrow occurrences of gold mineralization in this zone warrants further drilling. It appears that this gold-bearing unit is open on strike and to depth as Archean units of this kind are known to extend several thousand metres in vertical depth.
A program consisting of downhole geophysics to better define drill targets as well as defining areas for infill drilling in and around known historical gold mineralization in the vicinity of the Bazooka shaft is now planned. The purpose of the infill drilling is to attempt to outline resources in the vicinity of the Bazooka shaft. A complete and detailed program will be announced in the next two weeks.
Opawica's Bazooka properties cover seven kilometres of the prolific CLLB. The Bazooka properties are bound to the west by the Wassamac gold property, which is 100 per cent owned by Richmont Mines Inc.
In addition, the Opawica Bazooka properties are bound to the east by the Kinross-Yorbeau Rouyn property, which has been optioned by Kinross Gold Corp., whereby Kinross has the option to acquire a 100-per-cent interest in Yorbeau Resources Inc.'s Rouyn property for consideration that includes exploration expenditures of $12-million, cash payments of $25-million (U.S.), plus 2 per cent of the prevailing gold price multiplied by the number of ounces of gold in measured, indicated and inferred identified in a resource estimate, yet to be completed, as well as other considerations (see Yorbeau's press release dated Oct. 25, 2016). Finally, Opawica also owns 100 per cent of the McWatters property which adjoins the eastern border of the Kinross-Yorbeau Rouyn property.
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