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DANKE an den Entdecker mrbk1234!

Wie immer Top, der Mann!
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Welcome to Golden Valley Mines Ltd.
Golden Valley is aggressively exploring its grass-roots property portfolio consisting of both precious metals (47 prospects) and VMS (Cu-Zn-Ag) prospects located within the Abitibi Greenstone Belt in northwestern Quebec and northeastern Ontario. Property selection was based upon public domain geophysical data, historical work in mining camps (Timmins and Kirkland Lake, Ontario; Rouyn-Noranda, Cadillac, Malartic Val-d’Or and Chibougamau, Québec), and recent work in Québec by the Minister of Natural Resources, Wildlife and Parks (MRNFP), and in Ontario by the Ministry of Northern Development and Mines (MNDM).


Several favourable target areas for gold and base metals were identified from the results of the airborne magnetic and electromagnetic geophysical surveys. The current mapping, prospecting and sampling program is directed at high priority geophysical targets and prospective areas identified from regional geological mapping. The object of the program is to delineate several targets for follow-up diamond drilling.

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Golden Valley Mines Ltd.: Two New High-Grade Gold Showings Discovered

Cheechoo Gold Project, James Bay, Quebec

VAL-D'OR, QUEBEC--(CCNMatthews - Jan. 29, 2007) - Golden Valley Mines Ltd. (TSX VENTURE:GZZ) reports the discovery of two high-grade gold occurrences on the Cheechoo Gold Project, on property holdings adjacent to and in the immediate vicinity of "Les Mines OPINACA" Eleonore deposit. Based on the discovery of high-grade showings and the identification of prospective gold mineralized corridors in conjunction with the presence of unexplained geophysical and geochemical targets, Golden Valley is currently planning an expanded 2007 exploration program on the James Bay properties, currently budgeted to be a minimum
$1 million.

- "Letang" Showing: The showing is located in the southwest section of the Cheechoo A claim block. One rock sample assayed an impressive 209.24 g/t gold. The sample was collected from a quartz-fractured dioritic stock outcrop. Other rock and boulder samples from the area returned anomalous gold values.

- "Marchand" Showing: This showing is located near the property boundary between the Cheechoo B and Sharks properties. Grab sample results along this newly defined "Marchand" mineralized corridor (Cheechoo-Sharks) assayed from trace to as high as 11.96 g/t gold. Gold mineralization is associated with a foliated, silicified and garnetiferous paragneiss rock unit hosting up to 5% fine sulphides. The host structure was further identified approximately 122 metres to the northeast and is interpreted to extend a further 260 metres northeast where anomalous results were also reported in 2005. A sample located approximately 1.2 km to the southwest along a possible parallel structure to the south, contained strongly anomalous gold (0.42 g/t Au) in similarly altered and mineralized outcrops and in an area where a lake sediment gold anomaly has been identified. These samples occur along the northern flank of a regional AEM (airborne electromagnetic) geophysical anomaly previously identified by the Company as one of the priority target areas for follow-up in the 2006 program. In total, nineteen rock grab samples were collected over this area with values ranging from 0.02 g/t gold to 11.96 g/t gold. (See location maps on the Company's website: www.goldenvalleymines.com).

- "Garrioch" Showing: A strongly anomalous gold assay of 0.39 g/t gold was obtained along trend to the northeast with Everton Resources "Claude-Manuel Corridor" on the Cheechoo B block claims, referred to previously (see news release dated November 9, 2006) as the "Cheechoo East corridor". The rock sample was collected from a rusty and garnetiferous paragneiss outcrop

Priority geophysical surveying, detailed rock and soil sampling, trenching and channel sampling are planned to cover these newly delineated target areas in 2007. No follow-up field work has yet been completed on these new prospective mineralized corridors since receipt of the 2006 assay results.

Cheechoo A Block: Three new mineralized boulder fields were delineated during the Phase II program, bringing the total now to five (See news release dated December 5, 2005). Systematic shoreline boulder sampling has defined five separate and discreet boulder fields comprised of variable rock type compositions and dominated by strongly altered and well-developed mineralization. The better gold-bearing anomalous samples are hosted by paragneiss, amphibolite or diorite which exhibit distinctive gold-copper, or gold-only metal zonation patterns, suggestive of potentially multiple bedrock sources. Highlights of the sampling in this area included 2.14 g/t gold; 24.2 g/t silver and 2.743% copper and 1.65 g/t gold. The boulder fields are located down-ice and down slope from mineralized outcrop ("Letang Showing" Extension) and/or similar mineralized and altered rock along a 2.3 kilometre northwest-trending corridor along the property's northeast boundary. Detailed grid mapping has identified a well-developed and mineralized shear, associated with a series of airborne electromagnetic, magnetic and induced polarization anomalies, hosted in similar altered and mineralized "Roberto-style" sediments. Grid work, ground geophysical surveys, and detailed prospecting have been conducted over the Cheechoo A property (SW of Eleonore), and the property is now considered ready for testing by diamond drilling.

In addition to the sample results reported above, a number of anomalous mineralized areas were outlined either through rock and/or channel sampling that warrant ground follow-up elsewhere on the company's property position. Individual sample results included above background values for gold, and/or copper, zinc and arsenic over areas deemed as priority targets in the airborne geophysical data and/or anomalous rock samples outlined during the 2005 programs, including the Cheechoo B Southwest and Sharks Northwest corridors.

A total of 530 rock and channel samples were collected during the 2006 combined Phase I and II programs (refer to the November 9, 2006 press release).

The 2006 exploration results from the Cheechoo Gold Project have further enhanced the property's potential for the discovery of "Roberto-style" gold mineralization (consists of finely disseminated sulphides and is associated with strong potassic and brown tourmaline alteration of the sediments) or prospective geological settings (structure, alteration, style of mineralization) considered similar based on exploration work completed to date. In 2001, several gold-copper-silver showings hosted by the Ell Lake diorite were discovered that ultimately lead to the discovery of the Roberto Zone by Virginia Gold Mines Ltd. in 2004. Goldcorp, under "Les Mines OPINACA", acquired the Eleonore gold project at the end of March 2006 for approximately $600 million and is currently completing advanced exploration work including environmental and scoping studies.

Exploration and logistical planning for an expanded 2007 exploration program on the Cheechoo Project and for other 100% owned properties held by the Company is underway with bidding initiated for follow-up ground surveys in the areas proximate to the new Letang, Marchand, and Garrioch gold occurrences. The 2007 program at Cheechoo will commence with winter-based, ground geophysical surveys over selected target areas on Cheechoo "B" and Sharks Prospects, particularly in the areas described above. This work will be followed in the spring by a property-scale field program consisting of geochemical sampling, prospecting, mapping, geophysical surveys, trenching, channel sampling, and diamond drilling. Additional details will be provided when field work is initiated. The scope of the planned diamond drill program will be further detailed as work progresses and additional drill targets are resolved.

The Cheechoo "A", "B", and "C" Prospect and Sharks Prospect are both option - joint ventures with Sirios Resources (SOI) pursuant to which the Company, in each case, will earn an initial 60% interest by funding $1,000,000 in exploration over 4-years. Following initial vesting, the Company may then earn an additional 20% interest by completing a bankable feasibility study within 6 years of vesting. Should SOI then elect to allow GZZ to provide the production financing, GZZ would then acquire a final additional 5% interest.

Golden Valley Mines now holds a 100% interest, or is earning an interest through the above option - Joint Ventures, in a total of 1,017 claims covering 53,377 ha (534- km2) in the James Bay - Opinaca region. The Company is earning an interest in contiguous claim blocks on both the west and east sides of Les Mines OPINACA's Eleonore property, which hosts the Roberto Zone gold discoveries. For a map of the project area, refer to www.goldenvalleymines.com/cheechoo.

Abitibi Grassroots Diamond Drill Program Update: 2007 Program

The Abitibi Greenstone Belt diamond drill program is expected to resume in the next 2 weeks beginning in Ontario. The grassroots drill program will commence in the Matchewan-Kirkland Lake area. It is expected that a minimum of 12 mutually exclusive grassroots gold, or gold and base metals, properties will be drill tested in this component of the program over 2007.

Beartooth Island Uranium Prospect, Athabasca Basin Saskatchewan: 2007 Project Update

Bid tenders have been receive from ground geophysical contractors for detailed grid follow-up of the MEGATEM® II airborne survey completed in December 2006, and permitting applications initiated. Additional details of Phase II of the field program will be provided once the contractor has been selected.

About Golden Valley Mines Ltd.: The Company typically tests initial grassroots targets while owning a 100% interest and then seeks partners to continue exploration funding. This allows the Company to continue its generative programs and systematic exploration efforts at other majority-owned grassroots projects. As of January 29, 2007, the company holds majority property interests in 131 projects consisting of 3,666 mining titles (203,865 hectares) in Saskatchewan, Ontario and Quebec.

Michael P. Rosatelli, P. Geo. is a "Qualified Person" as defined in National Instrument 43-101 and is responsible for the technical information presented in this news release.


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.


FOR FURTHER INFORMATION PLEASE CONTACT:

Golden Valley Mines Ltd.
Glenn J. Mullan
President and CEO
Toll Free: 866-219-4678, ext 222
mullan@goldenvalleymines.com
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Golden Valley Mines Ltd.: Announces Uranium Joint Venture in Quebec With Lexam Explorations Inc.

VAL-D'OR, QUEBEC--(CCNMatthews - Jan. 11, 2007) - Golden Valley Mines Ltd. (TSX VENTURE:GZZ) announces the principal terms of a letter of intent with Lexam Explorations Inc. (TSX VENTURE:LEX) allowing Lexam to earn a 50% interest in the Company's Uranium properties located in the Otish area, in the Province of Quebec, provided that Lexam incur over a three (3) year period exploration expenditures in the aggregate amount of $3,000,000. Golden Valley shall be the Operator.

About the Uranium Prospects: The Golden Valley properties are deemed as highly prospective for primary uranium deposit discoveries and were staked on the bases of numerous uranium occurrences outlined from work conducted over the period 1976 to 1983 and the general geological setting inferred as favourable for unconformity-related uranium deposits. Since the last reported fieldwork results, little if any follow-up exploration was conducted on the properties or other prospective uranium occurrences in the area. The Golden Valley - Lexam properties are associated with an unconformity between Archean rocks and overlying Lower Proterozoic unmetamorphosed sedimentary rocks geologically analogous to the Athabasca Basin area in northern Saskatchewan, where its uranium deposits presently produce 28% of the world's annual mine production. Recent competitor activity in the area by Strateco and Cameco highlights the potential for uranium mineralization in this environment, in particular with the application of modern exploration technology and experience gained from the Athabasca Basin environment in Saskatchewan. The resurgence in exploration activity in this area has been spurred both by the strong results reported by Strateco from their Matoush property and extremely bullish uranium market fundamentals moving forward ($72.00/lb U3O8 Price - UxC).

Phase I - 2007 Exploration Program: A property-scale, high-resolution airborne radiometric-magnetic-electromagnetic geophysical survey is planned once bid contract tenders have been received and reviewed in-conjunction with a comprehensive data compilation for exploration planning. The objective of the survey will be to prioritize areas for ground follow-up utilizing traditional "boot and hammer" prospecting, ground geophysics and geological mapping teams for identification of ground targets. The Phase-1 program has been budgeted at a minimum of $750,000 for 2007 and will include ground-based follow up after the airborne geophysical program is concluded.

Corporate Development: The Company announces that R. Bruce Durham has resigned as Vice President -Exploration to pursue new opportunities. Mr. Durham will continue to act as a consultant for the Company regarding business opportunities and select property submittals. The Company wishes to thank Mr. Durham for his many contributions over the past six-years, constant dedication, integrity and performance to the highest of standards. Together with management, many shareholders, employees, contractors, and service providers will all miss his day-to-day involvement and wish him the very best with his new endeavours, and look forward to his continuing involvement as a consultant for the Company.

The Company is pleased to announce the appointment of Michael P. Rosatelli as Vice President - Exploration effective immediately. Mr. Rosatelli has been the Company's Senior Exploration Geologist since 2003 and has worked closely with Golden Valley Mines management team over the past 31/2-years on all facets of the Company's exploration activities. Mr. Rosatelli has worked as an exploration geologist for nearly 20 years in various positions with both major and junior mining companies, including previously with McIvor-BHP Billiton, Anglo-Gold, Band-Ore, and Kennecott. His experience covers a broad range of exploration activities for many commodities, including precious and base metals and uranium deposits across Canada and Africa. Note that Mr. Rosatelli is primarily responsible for having assembled the Otish Basin region uranium property portfolio in Quebec and the Beartooth Island Prospect in the Athabasca Basin, Saskatchewan.

About Golden Valley Mines Ltd.: The Company typically tests initial grassroots targets while owning a 100% interest in its properties and then seeks partners to continue exploration funding. This allows the Company to continue its generative programs and systematic exploration efforts at other majority owned grass-roots projects. As at the date hereof, the Company holds majority property interests in 131 projects consisting of 3,666 mining titles (203,865 hectares) in Ontario, Quebec, and Saskatchewan.

About Lexam Explorations Inc.: Lexam Explorations is a Canadian based energy exploration company. Lexam's shares are publicly traded on the TSX-Venture under the symbol LEX. The company is advancing the Baca Oil & Gas Project located in south-central Colorado, which is 75% owned by Lexam and 25% by ConocoPhillips.

Michael P. Rosatelli, P. Geo. is a "Qualified Person" as defined in National Instrument 43-101 and is responsible for the technical information presented in this news release.


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT:

Golden Valley Mines Ltd.
Glenn J. Mullan
President and CEO
Toll Free: 866-219-4678, ext 222
mullan@goldenvalleymines.com
Just zufällig im Strathmore Board entdeckt:

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Ranger Uranium Mine Pit 3 Flooded
World's Third Largest Uranium Producer Underwater

A Loss of Up to 4 Million Pounds U3O8 in 2007?

http://www.stockinterview.com/News/03092007/Ranger-Flooded-E…


looks like the spot price of Uranium is heading much higher yet again!

I recommend to buy the PRODUCERS and NEAR-TERM producers ASAP


PRODUCERS I LIKE: PDN SXR DML


NEAR-TERM PRODUCERS I LIKE: UPC STM EMC URE

and of course... the OTISH region... all the benefits of ATHABASCA... without the risks!



RSC-- DIT--CBP



and my NEW OTISH PICK................ GZZ



GOLDEN VALLEY


------------

Klar?
Stockhouse Meinung:

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http://www.northernminer.com/careers/Mar2/9.pdf

I've been buying repeatedly over the last month and now have around 100,000 shares. VIT.V is by far my largest holding but liquidated some other minor holdings in other stocks to accumulate my shares here. From my understanding, they have been slow to exploit their numerous gold and uranium properties that were bought when both gold and uranium were not nearly as hot as they are now. Based on their hiring intentions, the McEwen factor, and their new PP, I believe this is the start of a steady flow of exploration and news that should move us steadily higher from here.
It also doesn't hurt that Golden Valley owns 2 million warrants on Ditem at $.10. Based on Ditems current market price, this is worth almost $5 million.


stateside
Antwort auf Beitrag Nr.: 28.235.162 von Panem am 11.03.07 17:45:27Klar! Absolutes BUY!
Antwort auf Beitrag Nr.: 28.248.182 von mrbk1234 am 12.03.07 05:35:39Daher freue ich mich mich, mit einer
feinen Summe ab sofort dabei zu sein.
Antwort auf Beitrag Nr.: 28.255.690 von Panem am 12.03.07 15:59:52mich, mich, mich:

Mir meine Aktie!
Antwort auf Beitrag Nr.: 28.255.706 von Panem am 12.03.07 16:00:36An der TSX?? Hier seh ich ja keine Umsätze!
Laut dieser Karte hier aus dem Eso Uranium Thread:

http://img440.imageshack.us/img440/2062/athabascamapfullqr7.…


hat Golden Valley ihr Claim im Athabasca Basin genau im See (oben links). Wie funktioniert das, wie baut man dort eine Mine, wohl ziemlich teuer oder?
Damt hier keiner einschläft

eine "News" in Sachen Uran:

"Golden Valley Mines Ltd./Uranium Project Update: Beartooth Island, Athabasaca Basin, Saskatchewan
10:55 EST Monday, February 19, 2007



VAL-D'OR, QUEBEC--(CCNMatthews - Feb. 19, 2007) - Golden Valley Mines Ltd. (TSX VENTURE:GZZ) reports that board approval has been received from option/joint venture partner Ditem Explorations Inc. (TSX VENTURE:DIT) in respect of a two-phase program consisting of follow-up ground geophysical surveying and diamond drilling. The estimated value of the work is budgeted at $1,000,000 and is expected to commence in approximately two weeks, once permits have been received.

Phase II and III 2007 Exploration Program: Golden Valley Mines has awarded to Quantec Geosciences Ltd. of Toronto, Ontario the contract to complete resistivity and chargeability mapping utilizing their proprietary 24-bit, MT Logger Survey System. The objective of the geophysical survey is to further delineate promising targets for immediate drill testing. The survey will consist of about 50 line kilometres of grid over three priority target areas defined from the property-scale, high-resolution and deep penetrating MEGATEM(R) II electromagnetic-magnetic survey (1156 line kilometres) completed in August 2006. The final interpretation report was received within the last 2 weeks.

The exploration objective of the MT Logger survey at the Beartooth Island prospect is to detect graphitic metasediments and fault structures in the basement below the unconformity as well as alteration zones (plumes) in the sediments above the unconformity potentially related to uranium mineralization. The MT logger is expected to provide the following: 1) mapping the resistivity and chargeability of the subsurface to significant depths, assisting geologic interpretation; 2) focus drilling thereby reducing drilling costs; and 3) mapping known structures and mineralization with multi-parameters for interpretive applications elsewhere on the property. The MT resistivity is useful for mapping geological contacts with resistivity contrasts and deep conductors that may potentially represent favourable alteration or mineralization.

A 1,800 metre diamond drill program, as well as downhole geophysical surveying is planned contingent on the results received from the ground geophysical survey and on the ice conditions at that time. Further follow-up work is contemplated such as electromagnetic and marine seismic surveys on portions of the property if so warranted.

Previous Exploration History at Beartooth Island Prospect: In the 1970's, exploration on the property followed the discovery of over 200 radioactive glacial boulders located on Beartooth Island with an average scintillometer reading of 1000 counts per second ("cps") and isolated readings exceeding 15,000 cps (74N04-NE-0001). Two radioactive sources were identified in the area as described in Saskatchewan Mineral Deposits Index - Mineral Property #: 2072: the first source in a topographic low within 300 meters of the up-glacier advance direction with the second source consisting of a larger zone of 1 to 3 kilometres long located northeast from the island at 60 degrees. The initial claims were staked in the fall of 1976. Follow-up exploration programs from 1978 to 1980 included soil sampling and ground scintillometer surveys, an airborne electromagnetic and magnetic survey, surficial geological survey, radioactive boulder fan study, limited diamond drilling (five drill holes totaling 1007 meters), ground geophysical surveys as well as marine seismic and radiometric surveys. Although the drilling failed to define any favourable zones of radioactivity or to localize the source of the mineralized boulders found on Beartooth Island, the intersection of copper, nickel and zinc mineralization spatially associated fracturing/shearing and additional zones of altered rocks in the up-ice glacial direction was considered encouraging (74N04-NE-0001). These features are also suggestive of hydrothermal alteration features of the type related to unconformity-associated uranium deposits.
"
Antwort auf Beitrag Nr.: 28.479.005 von Panem am 24.03.07 23:20:36Das Privateplacement mit Rob McEwen sollte nach meinen Kenntnissen schonmal als sehr gut zu bewerten sein.

Das Claim im Athabasca becken ist wie der Name schon sagt eine Insel im See, die aber ziemlich klein ist - sehr sehr sehr interessant.

http://www.goldenvalleymines.com/images/maps/817/Beartooth_I…
Falls es jemand außer mir bemerkt haben sollte:

Der Wert ist heute um 28% gestiegen!
GOLDEN VALLEY MINES LTD



Golden Valley Mines Ltd.: Exploration Update: James Bay Gold Projects, Quebec, Mistassini and Otish Basins Quebec and Athabasca Basin, Saskatchewan Uranium Projects
5/30/2007

VAL-D\'OR, QUEBEC, May 30, 2007 (CCNMatthews via COMTEX News Network) --
Golden Valley Mines Ltd. (TSX VENTURE:GZZ) is pleased to report on the company\'s gold and uranium exploration activities, exclusive of the on-going Abitibi Greenstone Belt grassroots program.
Cheechoo Gold Prospect, James Bay Quebec: The 2007, Phase 1 exploration program is now underway with the objective of detailed follow-up of encouraging rock sample results obtained in 2006 over the Sharks and Cheechoo B properties. Four detailed grid systems are to be established (total of 225 line kilometres), including over the \"Marchand\" Showing (up to 11.96 g/t gold in rock grab sample results and \"Garrioch\" Showing (up to 0.39 g/t gold rock grab sample results) mineralized corridors (see GZZ News Release dated January 29, 2007) This will permit completion of geophysical surveying with follow-up prospecting, mapping and geochemical sampling.

Additional follow-up prospecting, mapping and sampling are also planned over separate encouraging results obtained in 2006, including the \"Letang\" Showing on the Cheechoo A property block where a rock sample assayed an impressive 209.24 g/t gold, and along with other areas on the property deemed as high priority target areas.

A Phase II, 5,000-metre diamond drill program is currently planned to commence in the 4th quarter.

The 2007 exploration budget is currently estimated at a minimum of $1,000,000.

The Cheechoo \"A\", \"B\", and \"C\" Prospect and Sharks Prospect are both option - joint ventures with Sirios Resources (SOI:TSX/V) pursuant to which the Company, in each case, will earn an initial 60% interest by funding $1,000,000 in exploration over 4-years. Following initial vesting, the Company may then earn an additional 20% interest by completing a bankable feasibility study within 6 years of vesting. Should SOI then elect to allow GZZ to provide the production financing, GZZ would then acquire a final additional 5% interest.

Top-Corner Gold Prospect, James Bay Quebec: Concurrent with the 2007 Cheechoo Gold Project program, prospecting, reconnaissance mapping and sampling are also planned over fifteen (15) 100%-owned property blocks (429 claims for 22,604 ha). The objective of this portion of the program is to define priority areas for ground follow-up for definition of possible drill targets, based on encouraging lake sediment sample results obtained in 2005 and 2006.

Phase I of the 2007 exploration budget at the Top Corner Prospect is estimated at $150,000

Golden Valley Mines now holds a 100%-interest, or is earning an interest through the above option - Joint Ventures, in a total of 1,006 claims covering 52,793 ha (528- km2) in the James Bay - Opinaca region. The Company is earning an interest in contiguous claim blocks on both the west and east sides of Les Mines d\'Or OPINACA\'s (Goldcorp) Eleonore property, which hosts the Roberto Zone gold discoveries. For a map of the project area, refer to www.goldenvalleymines.com/cheechoo.

Mistassini and Otish Basins Uranium Prospects, Quebec: Airborne survey bid tenders are being reviewed with the contractor selection process on-going. A July start-up is projected based on contractor availability and dry summer ground conditions required for effective radiometric measurements. Concurrent with this work, detailed grids for completion of ground geophysical surveys are planned over a minimum of three known historical uranium showings.

The Phase I program has been budgeted at a minimum of $750,000 for 2007. Further details will be provided as the program progresses and exploration targets are defined. Lexam Explorations Inc. (LEX: TSX/V) may earn a 50%-interest by funding $3,000,000 in exploration expenditures over a 3-year period. Golden Valley Mines is the operator of the program.

The Golden Valley-Lexam option/joint venture has expanded its property holdings over the northeastern portion of the Otish Basin with the staking of 1,134 new claims totalling 60,153.2_Hectares (148,639 acres). Official claim certificates have now been received from the Ministere des Ressources naturelles et de la Faune (\"MRNF\") of Quebec. Final confirmation from MRNF on 271 additional map designated claims (\"CDC\") located elsewhere in the Otish and Mistassini Basins remains pending. The Golden Valley - Lexam option/joint venture is currently believed to be the dominant landholding position in the region when combined with its prior landholdings, now totalling approximately 83,000-hectares. Targeting for the property acquisitions was principally focused on unconformity-type targets.

Beartooth Island Prospect, Athabasca Basin Saskatchewan: The final data and report from the MT Logger Survey completed in April, 2007 is expected shortly from the contractor. Procurement of a barge-mounted diamond drill rig, camp and permit has been initiated. The scope and size of the planned program will be contingent on the final results received from the ground geophysical survey according to the number of drill targets defined.

Ditem Explorations Inc. (TSX VENTURE:DIT) may earn an initial 50%-interest by incurring aggregate exploration expenditures of $1,000,000 over three years. In the fourth year of the agreement, DIT may then elect to increase its interest by 10% (aggregate 60% interest) by incurring an additional $2,000,000 in exploration expenditures. Finally, DIT may then enhance its position by acquiring an additional 6% interest (aggregate 66%) in the property provided that it deliver a bankable feasibility study within 10-years from the signing of the final agreement. Golden Valley will retain an aggregate 34% interest following vesting. Golden Valley is the operator during the option period.

About Golden Valley Mines Ltd.: The Company typically tests initial grassroots targets while owning a 100% interest and then seeks partners to continue exploration funding. This allows the Company to continue its generative programs and systematic exploration efforts at other majority-owned grassroots projects. As of May 30, 2007, the Company holds majority property interests in 113 projects consisting of 3,950 mining titles (222,570 hectares) in Saskatchewan, Ontario and Quebec.

Michael P. Rosatelli, P. Geo. is a \"Qualified Person\" as defined in National Instrument 43-101 and is responsible for the technical information presented in this news release.

Forward Looking Statement:

This press release contains certain forward-looking statements. These forward-looking statements are subject to a variety of risks and uncertainties beyond the Company\'s ability to control or predict and are not to be interpreted as guarantees for future performance. These forward looking could cause actual events or results to differ materially from those anticipated in such forward-looking statements. All forward looking statements speak only as of the date of this press release and the Company does not undertake any obligation to update or publicly release any revisions to such forward-looking statements to reflect events, circumstances, or changes in expectations after the date hereof. Accordingly, readers should not place undue reliance on such forward-looking statements.

SOURCE: Golden Valley Mines Ltd.

Glenn J. Mullan President and CEO Toll Free: 877-879-1688, ext. 222 mullan@goldenvalleymines.com Michael P. Rosatelli Vice President - Exploration Toll Free: 866-219-4678, ext. 230 rosatelli@goldenvalleymines.com

Copyright (C) 2007 CCNMatthews. All rights reserved.
News !
Gute Bohrergebnisse - hohe grades !
Näheres auf www. goldenvalleymines.com
Der Kurs in Kanada momentan + 22 %.
Lief bereits die letzten Tage gut.
Antwort auf Beitrag Nr.: 30.156.062 von praesens am 22.06.07 21:21:58yep .... sehr schön läuft das "noch" günstige Baby :lick:

José :cool:
... nachdem man nochmals zu 0,64 Can. zuschlagen konnte heute wieder mit dickem Volumen gen Norden :D

großer Käufer ist Westwind ;)

José
0,80 zu 0,82 Can. und bereits gut 800.000 Stücke gehandelt :D

fällt die 0,80 Can. nachhaltig dürften wir schnell gen 1 Can. ziehen :lick:

José
Antwort auf Beitrag Nr.: 30.637.926 von JosedelaVega am 11.07.07 19:34:26Hi @ all,
wer weiss ,was heute in der golden Valley Mine der Grund für die (Kurs-) Explosion war?

- ich mach mich auf der Homepage nochmal schlau !

1Peters1
Antwort auf Beitrag Nr.: 32.880.337 von 1Peters1 am 27.12.07 16:24:13Hi @ all,
habe keine Aussage gefunden.
Push ?

1Peters1
Eher ein non-event, würd´ ich sagen:

Jan 14, 2008 13:29 ET
Golden Valley Mines Ltd.: Exploration Update 2007/2008 Abitibi Grassroots Drill Program, Quebec and Ontario Cheechoo Gold Project, Quebec
VAL-D'OR, QUEBEC--(Marketwire - Jan. 14, 2008) - Golden Valley Mines Ltd. (TSX VENTURE:GZZ) is pleased to provide the following report on the company's gold and base-metal exploration activities and overview for the Company's 2008 exploration programs.

Abitibi Grassroots Drill Program - Quebec and Ontario:

For the year 2007, a total of 4,533 metres of diamond drilling was completed testing 29 separate targets on seven (7), 100%-owned, or option/joint ventured, properties. The selection of drill targets were based principally on the identification of geophysical anomalies within untested and favourable geological domains. In the case of early-stage or "grassroots" exploration projects, the program typically consists of between 1-5 drill holes (examples being the Plumber, Bench Depth, Lac Lemoyne, Sea Serpent, Perestroika and Claw Lake prospects - please refer to the 2007 company press releases for the specific details on each of the drill programs). At the Munro Prospect (option/joint venture with Kalahari Resouces Inc. KLA-TSX/V; refer to the October 19, 2007 press release for details), drilling activities increased based its more advanced exploration status combined with the property being contiguous to the Potter Mine claims to the west, where Millstream Mines is aggressively exploring the property. The program was completed prior to the December holiday break with a total of 10 drillholes completed for 2,029 metres. No assay results have been received to date. A second phase program is planned contingent on results from the BHPEM (borehole pulse electromagnetic) survey planned for January 2008.

Previous Diamond Drill Program Results: No significant gold assay results have been returned for the three (3) diamond drillholes completed at the Sea Serpent Prospect (gold target: map #49) and from the single drilhole from the Perestroika Prospect (gold target: map #65 - Kalahari Resources Ltd. Joint Venture property). Both properties are located in northwestern Quebec.

At the Claw Lake Prospect located in Shiningtree, Ontario (gold target: map #64 - Kalahari Resources Ltd. Joint Venture property), two (2) new shear-zone hosted gold mineralized zones have been delineated in GCW-07-03 near the historical "Beaver Zone" (please refer to the Company's October 10 and September 21, 2007 press releases). The mineralized zones are associated with Quartz Feldspar Porphyry (QFP) dikes (0.306 g/t Au from 30.00-34.28 meters, including 1.005 g/t over 0.65 meter). and well developed pyritic replacement bodies (2.11 g/t Au over 1 meter from 126.00-127.00 meters) hosted within adjacent andesitic volcanic wallrock. No significant gold results were returned from the first two drillholes.

2008 Abitibi Exploration Program: The budget for the year has been increased to CAD $1,500,000, up substantially from the prior year. Exploration funding has been increased for fiscal 2008 based on active "in-house" project generation activities and delineation of new drill targets for testing from the fall 2007 ground geophysical program.

Malartic CHL Prospect - Malartic, Quebec

At the Malartic CHL Prospect (gold target: map #66), joint venture partner Osisko Exploration Ltd. (OSK: TSX-V, EWX: Deutsche Boerse) has reported that drilling activities have resumed on the new porphyry-hosted gold mineralized zone now referred to as the "Jeffery Zone" (please refer to the companies October 29, 2007 press release for details). The drill program presently is planned to consist of six (6), 200-metre exploration holes (est. 1,200 metres total) testing approximately 400-500 metres of strike length. Assay results are expected within 6-8 weeks.

Osisko has the right to acquire a 70% interest in the Malartic CHL Property in consideration for $150,000 in cash payments over a four year period ($70,000 paid to date) and by completing a minimum $2,000,000 in exploration work over a four year period. Upon earning its 70% interest, Golden Valley will maintain a free-carried interest of 30% to production.

Cheechoo Gold Project - James Bay Quebec:

The previously announced (refer to the October 10, 2007 company press release for details) diamond drill program was completed at the Christmas break. The program totalled 2,537 linear metres of NQ core in nineteen (19) holes over the Cheechoo A, Sharks and Cheechoo B claims groups, and included testing of the "Letang", "Inex southeast extension", "Marchand" and "Garrioch" gold showings / mineralized corridors.

All the holes have now been logged and 682 samples submitted for analysis. Complete assay results are expected by the end of the first quarter (Q1).

The scope and size of the 2008 exploration program will be determined following receipt of all outstanding assay results (humus, rock, channel and core samples) and data compilation.

The Cheechoo "A", "B", and "C" Prospect as well as the Sharks Prospect are under option from Sirios Resources (TSX VENTURE:SOI) pursuant to which the Company, in each case, will earn an initial 60% interest by funding $1,000,000 in exploration over 4-years. Following initial vesting, the Company may then earn an additional 20% interest by completing a bankable feasibility study within 6 years of vesting. Should SOI then elect to allow the Company to provide the production financing, the Company would then acquire an additional 5% interest (aggregate 85% interest).

Golden Valley Mines now holds a 100%-interest, or is earning an interest pursuant to option joint venture agreements, in a total of 1,017 claims covering 53,377 ha (534- km2) in the James Bay (Opinaca) region. For a map of the project area, please refer to www.goldenvalleymines.com/cheechoo.

About Golden Valley Mines Ltd.: The Company typically tests initial grassroots targets while owning a 100% interest and then seeks partners to continue exploration funding. This allows the Company to continue its generative programs and systematic exploration efforts at other majority-owned grassroots projects. As of December 31st, 2007, the Company holds majority property interests in 137 projects consisting of 4,333 mining titles (240,053 hectares) in Saskatchewan, Ontario, and Quebec.

Michael P. Rosatelli, P. Geo. is a "Qualified Person" as such terms is defined in National Instrument 43-101 and is responsible for the technical information presented in this news release.

Forward Looking Statement: This news release contains certain forward-looking statements. These forward-looking statements are subject to a variety of risks and uncertainties beyond the Company's ability to control or predict and are not to be interpreted as guarantees for future performance. These forward looking could cause actual events or results to differ materially from those anticipated in such forward-looking statements. All forward looking statements speak only as of the date of this news release and the Company does not undertake any obligation to update or publicly release any revisions to such forward-looking statements to reflect events, circumstances, or changes in expectations after the date hereof. Accordingly, readers should not place undue reliance on such forward-looking statements.



For more information, please contact

Golden Valley Mines Ltd.
Glenn J. Mullan
President and CEO
Toll Free: 877-879-1688, ext. 222
glenn.mullan@goldenvalleymines.com

or

Golden Valley Mines Ltd.
Michael P. Rosatelli
Vice President - Exploration
Toll Free: 866-219-4678, ext. 230
michael.rosatelli@goldenvalleymines.com
Hat jemand eine bessere Idee bezüglich des gestrigen starken Kursanstiegs als meine aus der Luft gegriffene Vermutung von Insider-Wissen bezüglich der Bohr-Resultate ...?
Hiiiilfeee !!! Mir fliegt der Kurs um die Ohren !

Aktuell 765.000 St. gehandelt, Kurs 0,53 CAn$ = + über 80 %.

Warum ???

... nicht, daß es mir unrecht wäre ...
DAS ist es !!!:

WSR-METALEX-Arctic Star Joint Venture Intersects 95.0 Meters of Semi-Massive to Near-Massive Sulphides on Anomaly 5.01, James Bay Lowlands, Ontario

TORONTO, ONTARIO, Jun 04, 2008 (MARKET WIRE via COMTEX News Network) --
WSR Gold Inc. (TSX VENTURE: WSR), Metalex Ventures Ltd. (TSX VENTURE: MTX) ("Metalex"), and Arctic Star Resources Inc.'s (TSX VENTURE: ADD) ("Arctic Star") Joint Venture Project along the Ring of Fire, 45 Kilometers North of Noront's Eagle One Discovery encountered a significant width of Volcanic Derived Sulphides (VDS) mineralization in hole number 5.01-6. The property consisting of 160 acres, is under option by WSR, whereby WSR can earn up to a 50% interest in the property.

John Harvey, consulting geologist to WSR and a Qualified Person, recently returned from the property and reports the following:

Hole 5.01-06 on north - south Section 1+50East, a 50 meter step out from the previously reported Hole 5.01-01 (see press release dated May 25, 2008), encountered, in highly altered felsic volcanics a strong sulphide zone from 72.7 meters to 167.7 meters (95.0 meters) containing visible copper, zinc, lead and iron sulphide mineralization in semi to near massive sulphides. The dip and strike of the zone have not yet been determined and the true width cannot be determined at this time. Drilling is continuing with one diamond drill for the present and samples are currently being prepared for shipping to an independent assay laboratory where strict quality control procedures are in place and the results will be closely monitored by Ms. Tracy Armstrong of P&E Mining Consultants of Brampton, Ontario.

... aber auch direkt vor Golden Valleys Haustür.
Antwort auf Beitrag Nr.: 34.239.173 von praesens am 04.06.08 19:29:21@ praesens

.. aber auch direkt vor Golden Valleys Haustür.

Deshalb! Ich habe mich vorhin schon gewundert, wieso steigt GZZ um 70 %, die update-Meldung vom 3. Juni war ja nicht dermaßen aufregend.

Zum Glück habe ich mich schon vor 2 Monaten in GZZ dick eingekauft, ich finde Golden Valleys Geschäftsmodell und deren Umgang mit dem Geld der Anleger vertrauenerweckend.

Gruß BWK
Antwort auf Beitrag Nr.: 34.239.173 von praesens am 04.06.08 19:29:21@ praesens

.. aber auch direkt vor Golden Valleys Haustür.

Deshalb! Ich habe mich vorhin schon gewundert, wieso steigt GZZ um 70 %, die update-Meldung vom 3. Juni war ja nicht dermaßen aufregend.

Zum Glück habe ich mich schon vor 2 Monaten in GZZ dick eingekauft, ich finde Golden Valleys Geschäftsmodell und deren Umgang mit dem Geld der Anleger vertrauenerweckend.

Gruß BWK
Antwort auf Beitrag Nr.: 34.241.066 von praesens am 04.06.08 23:16:33@ praesens

danke Dir ... Wissen, einen Riecher, Glück (und manchmal viel Geduld) haben
... und hin und wieder klappt es tatsächlich.

Wenn GZZ auf ihrem ROF-Nachbargrundstück auch was finden, dann sehen wir dieses Jahr noch Kurse von über 2 Dollar. Wäre nicht schlecht.

BWK
Antwort auf Beitrag Nr.: 34.247.393 von praesens am 05.06.08 17:50:38Wie heißt es so schön:
Erstens kommt es anders und zweitens als man denkt.

Seit Freitag Abend wissen wir: GZZ besitzt nur mehr 30 % der ROF-Claims.

WSR sind eingestiegen und mit denen Noront, je 35 %.
Die beiden zahlen 5 mio für Exploration in den kommenden 3 Jahren.

Die Erfolgschancen sind sehr hoch. GZZ hätte mehr herausholen können, aber was solls.
Bin auch überzeugt, daß Golden Valley seine Staking Truppen unterwegs hat und mit neuen Claims im Ring of Fire auftauchen wird.

Insgesamt dennoch sehr positiv.

Gruß BWK
Hallo zusammen,:cool:
bin vor kurzem auf die Gesellschaft aufmerksam geworden.
Hat hier jemand genauere Informationen bezüglich Ressourcen usw.
Was könnte hier schlummern?
Welches Potenzial seht Ihr hier?
Gruß dax72
Golden Valley Mines Ltd.: Golden Valley Mines: 2000 M Drill Program Underway Otish Basin Uranium Project

- Golden Valley Mines Ltd. ('Golden Valley Mines' or the 'Company') (TSX VENTURE:GZZ)) and its partner Lexam Explorations Inc. (TSX VENTURE:LEX)(OTC:LEXEF)(FRANKFURT:D2Q), are pleased to report that the phase I drill program has commenced on the Otish Basin Uranium Project, located in north-central Quebec, Canada. Phase I Drill Program: A fully operational camp has now been established with geological and drilling crews on site. The first phase, helicopter-supported drill program will focus on extending the uranium mineralization that has been identified on the Mistassini project area and test other prospective targets that have been outlined along the favourable mineralized corridor. A compilation of the historical holes drilled by Western Mines Ltd (Ministere de l'Energie et des Ressources naturelles documentation technique GM 35584) in 1979 identified a zone of uranium mineralization on the Mistassini portion of the project area that is larger and higher grade than was previously believed to exist. Holes within the zone were reported to reach up to 5100 ppm (0.51%) U3O8 and ten holes returned values better than 850 ppm (0.085%) U3O8 over a drill indicated strike length of over 60 metres (196.9 ft.). The U3O8 mineralization is shallow, located about 20-25 meters (65.5-82.0 ft.) below surface. The mineralized zone is spatially related to the unconformity (up to 5 metres above it) occurring along the margin of the sedimentary basin along a bedding facies contact of upper, coarser-grained arkose-conglomerate with fine-grained greywacke. The approximate thickness of the higher-grade mineralized envelope averages 2-3 meters (6.0-9.8 ft.) and remains open. The inferred strike extension of the above described mineralized zone was intersected in historical drilling by SOQUEM (Ministere de l'Energie et des Ressources naturelles, documentation technique GM 36262) in 1979 about 2.4 kilometres to the north along trend. Here a single hole intersected a best value of 1040 ppm (0.104%) U3O8. A minimum of forty-six drillholes are planned for this phase of the program. Each hole will be probed via a Spectral Gamma Borehole Logging Tool and mineralized sections sampled for traditional analytical assaying methods. Drilling is anticipated to be completed in about 4-6 weeks depending on drilling conditions and the weather. The Phase II will include follow-up drilling, as well as the testing of other targets in the Otish portion of the project area. The total cost of the program is estimated to be CDN$2 million. Lexam Explorations Inc. may earn a 50%-interest by funding $3,000,000 in exploration expenditures over a 3-year period. Golden Valley Mines is the operator of the program. The Golden Valley Mines - Lexam option/joint venture is currently believed to be the dominant landholding position in the Otish Basin totalling approximately 86,224 hectares or 213,059 acres (1,623 mining titles). Targeting for the property acquisitions was principally focused on unconformity-type uranium deposit models similar to those found in the world-class Athabasca Basin mines in Saskatchewan, Canada, that currently account for approximately 30% of total global production. Much of the historical work that was preformed in the area (1967-83) was conducted by companies also then active in northern Saskatchewan and using similar prospecting techniques. Additional exploration opportunities and geological potential recently described by Strateco Resources Inc. and the continuing exploration presence of Cameco provided the motivation for new property acquisitions and exploration work activities on the GZZ-LEX Option/Joint Venture project.
Hallo dax72 !

Nun, Potenzial (blöde neue Rechtschreibung :cool: ) sehe ich hier überdurchschnittliches.
Warum ? Das wäre mir jetzt zu mühselig und sowieso nicht komplett.
Am Besten Du stöberst durch die Homepage und Sedar.
Sehr geehrter Wallstreet-online Nutzer,
Hallo,

für eine aktuelle Diskussion enthistorisieren wir diesen Thread.

MfG MaatMOD
Hohes Volumen gestern in Kanada, Kurs +10%.

Der Grund:

White Pine Resources-Noront Resources-Golden Valley Mines Intersect Massive Sulphides in Their Ring of Fire Joint Venture

VAL-D'OR, QUEBEC, May 13, 2009 (MARKETWIRE via COMTEX News Network) --
White Pine Resources (TSX VENTURE: WPR) ("White Pine") (formerly WSR Resources), Noront Resources (TSX VENTURE: NOT) ("Noront") and Golden Valley Mines (TSX VENTURE: GZZ) ("Golden Valley") - A new zinc-copper volcanogenic massive sulphide ("VMS") discovery has been reported from recent drilling from the McFauld's lake joint venture project along the "Ring of Fire" in the James Bay Lowlands. The following news release has been prepared by joint venture partner and program operator White Pine.

The 'Luc Bourdon' and 'Bourdon West' properties (a combined 8,944 hectares) were staked by Golden Valley in the 'Ring of Fire' in the spring of 2008. This ground was subsequently optioned to White Pine and Noront in August 2008, whereas White Pine and Noront could equally earn a combined undivided 70% of the property by incurring expenditures of $5 million within 3 years of the agreement date. White Pine is the operator of the joint venture.

In the fall of 2008, an airborne VTEM geophysics program was completed over the properties, which outlined several high priority drill targets. Drilling recently commenced in late April on these geophysical anomalies. To date, 5 holes have been completed on the G1 anomaly which has intersected massive sulphides with visible zinc and copper minerals. Downhole intervals of the massive sulphides vary from 45cm to 24.1m. The true width and extent of the zone is unknown at this time. Details of the drilling program thus far are tabled below:

Table 1---------------------------------------------------------------------------Hole No. From To Interval Mineralization---------------------------------------------------------------------------G4-09-01 92.35 94.45 2.10 Semi-massive to massive sulphides, po-py---------------------------------------------------------------------------BW-09-01 36.30 37.20 0.90 Massive sulphides, po-py---------------------------------------------------------------------------G1-09-01 36.75 47.30 10.55 Massive sulphides, visual sph, cpy---------------------------------------------------------------------------G1-09-02 80.30 104.40 24.10 Massive sulphides, visual sph, cpy---------------------------------------------------------------------------G1-09-03 79.30 79.75 0.45 Massive sulphides, visual sph, cpy---------------------------------------------------------------------------G1-09-04 70.20 71.90 1.70 Massive sulphides, visual sph, cpy---------------------------------------------------------------------------G1-09-05 122.00 128.60 6.60 Massive sulphides, visual sph, cpy---------------------------------------------------------------------------Note: py equals pyrite, po equals pyrrhotite, sph equals sphalerite, cpy equals chalcopyrite All measurements in metres.Table 2 - Drillhole location---------------------------------------------------------------------------Hole No. UTM n UTM e Azimuth Dip Length Anomaly---------------------------------------------------------------------------G4-09-01 5896483 519991 120 -50 130.20 G4---------------------------------------------------------------------------BW-09-01 5900243 504845 0 -50 102.70 Bourdon West---------------------------------------------------------------------------G1-09-01 5903947 515396 315 -50 90.50 G1---------------------------------------------------------------------------G1-09-02 5903947 515396 315 -80 112.80 G1---------------------------------------------------------------------------G1-09-03 5903944 515452 335 -50 109.10 G1---------------------------------------------------------------------------G1-09-04 5903902 515361 335 -50 96.60 G1---------------------------------------------------------------------------G1-09-05 5903902 515361 335 -75 145.60 G1---------------------------------------------------------------------------
The current exploration program is managed by White Pine for the Joint Venture partners under supervision of Mike Kilbourne, P.Geo, President, White Pine Resources Inc. He is a "Qualified Person" in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

On-site Quality Assurance/Quality Control Measures

All samples have been shipped to ACTLABS preparation laboratory in Thunder Bay Ontario. Analyses will be performed in the ACTLABS laboratory in Ancaster, Ontario. All core samples were selected by the White Pine site geologist, and were cut in half by diamond core saw. Individual samples were labeled, placed in plastic sample bags and sealed. Groups of samples were then placed into durable rice bags that were secured by project security tags for shipping. The remaining coarse reject portions of the samples remain in storage at the ACTLABS preparation laboratory storage facility in Thunder Bay as required in the event that further work is needed.

Independent Quality Assurance and Quality Control Protocol

A QA/QC program has been implemented to monitor all assays from the current drilling program. Samples are assembled in numbered batches of 35 samples. Included in each batch of 35 samples are two certified reference standards, two laboratory duplicates, one blank sample comprised of sterile drill core and one core duplicate sample. This QC program was set up for White Pine Resources by Tracy Armstrong, P.Geo, of T.J. Armstrong Geological Consulting Inc. Ms. Armstrong is a qualified geologist in the Provinces of Ontario and Quebec.

About Golden Valley Mines Ltd.: Golden Valley Mines typically tests initial grassroots targets while owning a 100% interest and then seeks partners to continue exploration funding. This allows the Company to continue its generative programs and systematic exploration efforts at other majority-owned grassroots projects. As of May 13, 2009, the Company holds majority property interests in 155 projects consisting of 4,420 mining titles (255,904 hectares) in Quebec, Ontario and Saskatchewan.

Forward-Looking Statement: This news release contains certain forward-looking statements. These forward-looking statements are subject to a variety of risks and uncertainties beyond the Company's ability to control or predict and are not to be interpreted as guarantees for future performance. These forward-looking statements could cause actual events or results to differ materially from those anticipated in such forward-looking statements. All forward-looking statements speak only as of the date of this news release and the Company does not undertake any obligation to update or publicly release any revisions to such forward-looking statements to reflect events, circumstances, or changes in expectations after the date hereof, except as required by law. Accordingly, readers should not place undue reliance on such forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts:Golden Valley Mines Ltd.Glenn J. MullanPresident and CEOToll Free: 877-879-1688 ext. 1222glenn.mullan@goldenvalleymines.comGolden Valley Mines Ltd.Michael P. RosatelliVice President - Exploration819-824-2808 ext. 205michael.rosatelli@goldenvalleymines.com
SOURCE: Golden Valley Mines Ltd.

mailto:glenn.mullan@goldenvalleymines.com mailto:michael.rosatelli@goldenvalleymines.com
Antwort auf Beitrag Nr.: 37.168.458 von MaatMod am 13.05.09 19:30:16Hi @ all,
ich hatte diese Aktie schon unter grossen Verlusten abgeschrieben und nicht mehr weiter verfolgt.
Heute ........ Plus 35 %

... Also werde ich weitermachen ... mich informieren.

Schönen Feierabend

Peter
Golden Valley Mines Intersects Significant Near Surface Gold Mineralization and Depth Extension at the Jeffrey Zone

VAL-D'OR, QUEBEC, Sep 10, 2009 (MARKETWIRE via COMTEX News Network) --

Golden Valley Mines Ltd. ("Golden Valley Mines" or the "Company") (TSX VENTURE: GZZ) is pleased to announce the initial results from the 2008 drill program targeting the Jeffrey Zone on the Malartic CHL property, currently optioned to Osisko Mining Corporation (TSX: OSK)(FRANKFURT: EWX).

The Jeffrey Zone is a gold-mineralized environment located along the southern extremity of the CHL porphyry, approximately 3.5 km east of the center of the Canadian Malartic deposit, currently under development by Osisko. The Jeffrey Zone was tested with a series of twenty-eight (28) drillholes (CHL08-2063 to CHL08-2090 for 5,601m) testing the northwestern boundary and depth extension of the mineralized zone at a drill section spacing of 50 metres, over a 400 x 100 metre area. All of the holes in the Jeffrey Zone were oriented to the northeast, north and/or south, perpendicular to the regional E-W fabric and were inclined from -45 to -78 degrees.

All of the holes intersected mineralization along each section drilled. The most significant near-surface drill results include 86.9m averaging 1.20g/t Au (CHL08-2079) including 6.0m averaging 7.35g/t Au. The depth extension of the Jeffrey Zone was also confirmed with drill intercepts of 33.5m averaging 0.78g/t Au (CHL08-2088) and 12.6m averaging 1.14g/t Au (CHL08-2090). Assay highlights from the nineteen new drillholes are summarized in the table below and on the attached drillhole compilation map:


-----------------------------------------------------------------------
---
Hole No. Section Dip/Az. From (m) To (m) Length (m) Au g/t
CHL08-2066 717145 -72/47 degrees 22.0 28.0 6.0 1.26
CHL08-2071 717166 -72/47 degrees 19.5 22.5 3.0 3.65
CHL08-2073 717216 -64/47 degrees 14.5 31.0 16.5 0.76
and 48.0 57.8 9.8 0.57
CHL08-2074 717216 -72/47 degrees 38.0 41.2 3.2 7.32
including 40.2 41.2 1.0 20.9
CHL08-2075 717251 -45/47 degrees 15.5 49.0 33.5 1.0
including 38.5 41.5 3.0 3.49
CHL08-2076 717248 -64/47 degrees 16.0 76.5 60.5 0.85
including 46.0 53.5 7.5 2.58
CHL08-2077 717249 -72/47 degrees 6.4 9.5 3.1 1.02
and 18.5 78.5 60.0 0.82
including 27.5 32.0 4.5 2.45
CHL08-2078 717300 -45/2 degrees 8.4 80.9 72.5 1.25
including 74.0 75.0 1.0 16.5
CHL08-2079 717300 -64/2 degrees 8.6 95.5 86.9 1.20
including 43.0 49 6.0 7.35
including 43.0 44.5 1.5 23.4
CHL08-2080 717350 -45/2 degrees 11.5 70.6 59.1 1.07
including 11.5 13.0 1.5 22.3
CHL08-2081 717350 -64/2 degrees 21.0 31.5 10.5 0.73
and 55.5 89.2 33.7 0.85
and 191.5 194.5 3.0 2.12
and 203.5 236.5 33.0 0.89
CHL08-2082 717350 -72/2 degrees 11.0 102.5 91.5 0.95
including 75.0 86.5 11.5 2.6
CHL08-2083 717400 -45/2 degrees 11.1 13.5 2.4 0.79
and 40.5 71.9 31.4 0.90
CHL08-2084 717401 -64/2 degrees 12.7 72.0 59.3 1.42
including 49.0 53.5 4.5 7.71
CHL08-2085 717450 -45/182 degrees 10.0 70.0 60.0 1.01
including 55.0 62.5 7.5 5.51
CHL08-2086 717450 -45/182 degrees 63.0 101.5 38.5 1.28
and 131.5 172.1 40.6 0.42
CHL08-2088 717500 -60/182 degrees 111.5 124.5 11.3 0.62
and 147.5 153.5 6.0 1.86
and 167.0 200.5 33.5 0.78
CHL08-2089 717500 -78/182 degrees 141.1 179.0 37.9 0.68
including 203.0 208.8 5.8 2.81
CHL08-2090 717550 -45/182 degrees 183.9 196.5 12.6 1.14
--------------------------------------------------------------------------
Note: Drillholes CHL08-2063 to 2065 (section 717105E), CHL08-2067-2068
(Section 717145E), CHL08-2069-2070 (Section 717166E), CHL08-2072 (Section
717217E) and CHL08-2087 (Section 717450E) did not intersect significant
gold mineralization.

Mineralization at the Jeffrey Zone consists of disseminated pyrite-gold in strongly potassic altered (quartz-feldspar porphyry dikes in contact with a predominately ultramafic flow sequence, and in subordinate gabbro and sedimentary units. Narrower, higher-grade mineralization is hosted in quartz veined (silicified) porphyry or talcose and chlorite altered ultramafic schists.

Presently, the Jeffrey Zone has been traced continuously by surface diamond drilling over a strike length of 400 metres and to maximum depths of less then 150 metres. True average width of the zone is estimated at 42.0 metres. The mineralized system remains open to the east along strike and down dip, as was highlighted from the results from a 9-hole, 2,400 metre program completed in 2007 (see April 17, 2008 press release). This program returned significant near-surface and higher-grade, deeper intersections as far as 565 metres further east (CHL07-2027 and CHL07-2029) of the area tested in the 2008 drilling, for a total cumulative east-west strike extent of some 965 metres.

Significant near-surface drill results from the 2007 program include 53.9m averaging 1.25 g/t Au (CHL07-2022) and 40.5m averaging 1.39g/t Au (CHL07-2021).

Higher-grade, deeper drilling results from these areas located to the east 375 and 565 metres respectively, include 1.5m averaging 109.5g/t Au (CHL07-2027) and 1.5m averaging 14.65g/t Au (CHL07-2029) (see attached drillhole compilation map for hole locations and assay highlights).

Results from the 2007 and 2008 drill programs warrant a significant follow-up definition drill program to be completed with the objective of completing, if warranted, a NI 43-101 resource estimate. Due to very wet ground conditions in the area of the Jeffrey Zone this definition drill program is currently planned for the winter of 2009-2010.

Currently, results remain outstanding for seventy-three (73) drillholes representing approximately 14,145 metres from the 2008 program. Additional results are to be released in the next 4-8 weeks in batches for the reconnaissance drilling completed along the prospective CHL porphyry-volcanic contact and the Shaft Zone.

Osisko has the right to acquire a 70% interest in the Malartic CHL Property in consideration for $150,000 in cash payments over a four year period (paid) and by completing a minimum $2,000,000 in exploration work over a four year period. Upon earning its 70% interest, Golden Valley will maintain a free-carried interest of 30% to production. Drilling completed to date by option/joint venture partner and operator Osisko included 19,746 metres (101 drillholes) on the property in 2008 and 15 holes totalling 6,544 metres in 2007 (total drilling to date: 26,290-metres). Also, Osisko purchased a claim block from Golden Valley Mines located immediately southeast of the Canadian Malartic Mine. Terms of acquisition, included a cash payment of $100,000 at signing to allow Osisko to earn a 100%-interest subject to a 2% net smelter royalty payable to Golden Valley Mines.

About Golden Valley Mines Ltd.: The Company typically tests initial grassroots targets while owning a 100% interest and then seeks partners to continue exploration funding. This allows the Company to continue its generative programs and systematic exploration efforts at other majority-owned grassroots projects. As of September 10, 2009, the Company holds majority property interests in 137 projects consisting of 4,120 mining titles (241,934 hectares or 242 sq kms) in Quebec, Ontario, and Saskatchewan in Canada, and 3 projects consisting of approximately 710 sq-km in the Republic of Sierra Leone.

Mr. Michael P. Rosatelli, P.Geo and Vice-President of Golden Valley Mines and Mr. Glenn Mullan, P. Geo. and President of Golden Valley Mines, are the Qualified Persons who have reviewed this news release and are responsible for the technical information reported herein.

Forward-Looking Statement: This news release contains certain forward-looking statements. These forward-looking statements are subject to a variety of risks and uncertainties beyond the Company's ability to control or predict and are not to be interpreted as guarantees for future performance. These forward-looking statements could cause actual events or results to differ materially from those anticipated in such forward-looking statements. All forward-looking statements speak only as of the date of this news release and the Company does not undertake any obligation to update or publicly release any revisions to such forward-looking statements to reflect events, circumstances, or changes in expectations after the date hereof, except as required by law. Accordingly, readers should not place undue reliance on such forward-looking statements.

A map of the Malartic CHL Prospect is available at the following address: http://media3.marketwire.com/docs/malarticpdf.pdf

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Golden Valley Mines-Significant New Gold Mineralization Intersected on the CHL Porphyry Intrusion and Shaft Zone

VAL-D'OR, QUEBEC, Oct 19, 2009 (MARKETWIRE via COMTEX News Network) --

Golden Valley Mines Ltd. ("Golden Valley Mines" or the "Company")(TSX VENTURE: GZZ) is pleased to announce the results from thirty-two (32) drillholes totalling 7,175 metres from the 2008 drill program targeting the CHL Porphyry Intrusion and the Shaft Zone on the Malartic CHL Prospect, currently optioned to Osisko Mining Corporation (TSX: OSK) (FRANKFURT: EWX). Additional results from a group of forty-one (41) drillholes totalling 7,175 metres are anticipated to be released over the next 6 weeks with respect to the CHL Porphyry Intrusion and the Shaft Zone.

The results include some of the highest grade intersections over significant widths encountered to date on the property. Highlights include 15.0 metres averaging 8.6 g/t Au (CHL08-2061), 29.5m averaging 3.39g/t Au, with 1.5m averaging 38.40g/t Au (CHL08-2101), 52.5m averaging 0.89g/t Au, with 19.5m averaging 1.02g/t Au (CHL08-2128) and, 18.0m averaging 1.55g/t Au with 1.5m averaging 7.5g/t Au (CHL08-2131).

In conjunction with the results released on September 10, 2009 and April 17, 2008, the total strike length tested to date on the Malartic CHL Prospect is approximately 1.4 kilometres. The Malartic CHL Prospect is located approximately 3.0 kilometres east-northeast of the Canadian Malartic deposit, currently under development by Osisko, and 1.6 kilometres east of the South Barnat deposit.

Drilling intersected a series of near surface and deeper gold mineralized zones across the CHL Porphyry Intrusion and the Shaft Zone. Assay results are summarized in the table below and on the attached drillhole compilation map:


The CHL Porphyry Intrusion
-------------------------------------------------------------------------
Hole No. Section Dip/Az From (m) To (m) Length (m) Au g/t
-------------------------------------------------------------------------
CHL08-2054 716797 -72/47 degrees 142.0 146.0 4.0 0.91
CHL08-2057 716859 -72/227 degrees 90.3 95.6 5.3 1.96
Including 92.7 95.6 2.9 3.16
CHL08-2059 716859 -45/227 degrees 46.5 51.0 4.5 0.81
CHL08-2060 716915 -72/227 degrees 135.6 141.4 5.8 0.94
And 195.5 233.0 37.5 0.60
CHL08-2061 716915 -64/227 degrees 115.0 130.0 15.0 8.6
Including 118.0 122.3 4.3 16.1
Including 125.5 130.0 4.5 12.0
CHL08-2128 716985 -72/47 degrees 154.5 169.5 15.0 0.71
And 208.5 216.0 7.5 0.57
And 244.5 247.5 3.0 1.85
And 271.5 324.0 52.5 0.89
Including 304.5 324.0 19.5 1.02
CHL08-2131 717071 -72/227 degrees 113.0 116.0 3.0 0.64
And 125.0 129.5 4.5 0.54
And 158.5 161.5 3.0 0.50
And 208.0 211.0 3.0 0.70
And 253.0 272.5 19.5 0.58
And 284.5 302.5 18.0 1.55
Including 289.0 290.5 1.5 7.5
And 334.0 340.0 6.0 0.85
CHL08-2133 717136 -53/227 degrees 99.0 102.0 3.0 1.29
CHL08-2138 717097 -51/227 degrees 131.0 134.0 3.0 1.39
And 182.0 185.0 3.0 1.02
-------------------------------------------------------------------------
The Shaft Zone
-------------------------------------------------------------------------
Hole No. Section Dip/Az From (m) To (m) Length (m) Au g/t
-------------------------------------------------------------------------
CHL08-2092B 716600 -46/2 degrees 207.0 211.5 4.5 1.13
CHL08-2095 716650 -46/2 degrees 129.0 130.0 1.0 5.20
And 135.3 139.4 4.1 3.80
Including 135.3 136.5 1.2 9.23
CHL08-2098 716700 -46/2 degrees 14.0 18.5 4.5 1.24
And 174.0 201.0 27.0 1.24
Including 174.0 175.5 1.5 8.04
CHL08-2100 716700 -75/2 degrees 148.0 154.0 6.0 3.11
CHL08-2101 716752 -46/2 degrees 107.5 123.0 15.5 0.94
Including 122.0 123.0 1.0 5.29
And 154.5 184.0 29.5 3.39
Including 159.0 166.5 7.5 9.52
With 160.5 162.0 1.5 38.4
CHL08-2102 716750 -63/2 degrees 125.5 128.0 2.5 1.68
And 147.0 160.5 13.5 0.88
Including 148.0 149.0 1.0 4.52
CHL08-2103 716752 -75/2 degrees 28.5 42.0 13.5 0.72
CHL08-2105 716784 -64/272 degrees 58.0 64.0 6.0 0.58
CHL08-2106 716800 -61/2 degrees 201.5 206.0 4.5 1.13
CHL08-2107 716850 -46/2 degrees 178.0 185.5 7.5 0.56
And 221.5 226.0 4.5 0.81
And 245.5 249.5 4.0 1.10
And 264.5 267.5 3.0 0.87
CHL08-2108 716850 -59/2 degrees 201.0 208.5 7.5 0.75
And 228.0 240.0 12.0 0.41
And 243.0 259.5 16.5 1.40
CHL08-2119 716900 -61/2 degrees 18.0 21.0 3.0 0.89
And 52.5 57.0 4.5 0.93
CHL08-2120 716900 -73/2 degrees 70.5 78.0 7.5 0.64
And 76.5 78.0 1.5 1.09
-------------------------------------------------------------------------

Drillholes CHL08-2054 to CHL08-2061 (table above) represent a 120 metre west-east section across the southwestern margin of the CHL Porphyry Intrusion, and holes CHL08-2128 to CHL08-2138 represent a 150 metre west-east section across the eastern margin of the CHL porphyry intrusion. Both sections are located between the Jeffrey Zone to the southeast and the Shaft Zone to the northwest. Drilling generally comprised 3 holes per set-up along the western margin of the CHL Porphyry Intrusion and single or 2-hole set-ups within the central core and eastern margins of the CHL Porphyry Intrusion. The higher grade zone in drillhole CHL08-2061 was closed at depth and near surface with holes CHL08-2060 and CHL08-2062, but remains open along strike near the contact of the CHL Porphyry Intrusion and ultramafic schists.

Mineralized intersections from the drillholes (CHL08-2092B to CHL08-2120 listed in table above) targeting the Shaft Zone are all from the deeper portion of the zone or from zones of lower grade disseminated mineralization located in the CHL Porphyry Intrusion immediately south of the Shaft Zone. These new drill results, along with previously reported intersections from the Shaft Zone, presently suggests a minimum 150 metre strike length of unknown true width.

Mineralization along the CHL Porphyry Intrusion consists of disseminated pyrite-gold in strongly potassic altered quartz-feldspar porphyry dikes in contact with a predominately ultramafic flow sequence, and in subordinate gabbro and sedimentary units. Narrower, higher-grade mineralization is hosted in quartz veins; brecciated and silicified porphyry and/or talc/chlorite altered and sheared ultramafic rocks.

Current structural interpretation by Osisko indicates that the Jeffrey and Shaft Zones are located at the southeastern and northwestern extremities, respectively, of the CHL Porphyry Intrusion, which has been deformed into a Z-shaped body by sinistral strike-slip motion along the Cadillac-Larder Lake Fault Zone. The geological model suggests potential for additional mineralization along dilation zones at the contact between the porphyry and the ultramafic schists.

A very similar structural setting occurs at the recently opened Lapa Mine, Agnico-Eagle's highest-grade gold mine (3.8 million tonnes of proven and probable reserves grading 8.8 grams of gold per tonne and containing 1.1 million ounces of gold; Agnico Eagle Mines Limited website). At the Lapa deposit, many of the gold-mineralized zones are located in the hinges of fold structures and displaced by numerous minor faults within quartz veins and biotite-sericite altered and deformed volcanic rocks (mafic to ultramafic schists) that are associated with sheared feldspathic dikes straddling the eastern strike extension of the Cadillac-Larder Lake Fault Zone on the Malartic CHL Prospect.

All NQ or HQ core assays reported above were obtained by standard 50 gram fire assaying-AA finish or gravimetric finish at ALS Chemex laboratories in Val d'Or, Quebec. Reported weighted averages were calculated using a minimum of 0.40g/t Au over successive maximum intervals of 20 metres with no upper cut-off of individual assays. Intersected drifts or lost core within mineralized intersections were incorporated as blank intervals.

Osisko has the right to acquire a 70% interest in the Malartic CHL Property in consideration for $150,000 in cash payments over a four year period (paid) and by completing a minimum $2,000,000 in exploration work over a four year period. Upon earning its 70% interest, Golden Valley Mines will maintain a free-carried interest of 30% to production. Drilling completed to date by option/joint venture partner and operator Osisko included 19,746 metres (101 drillholes) on the property in 2008 and 15 holes totalling 6,544 metres in 2007 (total drilling to date: 26,290-metres). Also, Osisko purchased a claim block from Golden Valley Mines located immediately southeast of the Canadian Malartic Mine. Terms of the acquisition included a cash payment of $100,000 at signing to allow Osisko to earn a 100%-interest subject to a 2% net smelter royalty payable to Golden Valley Mines. This claim block covers the Charlie Zone.
...
SUPER Bohrergebnisse - und viele Meter noch ausstehend:

Golden Valley Mines: Significant New Gold Mineralization Intersected from the Malartic CHL Prospect Including 54 Metres Averaging 1.39 g/t Au
3/23/2010 10:36:25 AM - Market Wire

VAL-D'OR, QUEBEC, Mar 23, 2010 (MARKETWIRE via COMTEX News Network) --
Golden Valley Mines Ltd. ("Golden Valley Mines" or the "Company") (TSX VENTURE: GZZ) is pleased to announce the first set of assay results (5 drillholes totalling 708 metres) from the on-going 26,000 metre drill program on the Malartic CHL Prospect, which includes definition drilling of the Jeffrey Zone. The property is optioned to Osisko Mining Corporation ("Osisko")(TSX: OSK)(FRANKFURT: EWX) who is also the project operator.

These results include the first drillholes testing the historical Mammoth Zone area, located on the southern contact of the Cadillac-Larder Lake Fault Zone. This mineralized zone is located between Osisko's South Barnat Zone and the Jeffrey Zone, and only 200 metres directly east of the proposed open pit shell currently under development by Osisko (See attached maps for geological setting and drillhole location with assay highlights).

First results from the on-going definition drilling program on the Jeffrey Zone will be released in the next two weeks.

At the Mammoth Zone, both near-surface and deeper high grade gold mineralization have been intersected. Significant drill intersections include 10.9 metres averaging 2.56 g/t Au (CHL09-2191), 8.4 metres averaging 2.39 g/t Au, including 1.7 metres grading 4.8 g/t Au (CHL09-2192), 54.3 metres averaging 1.39 g/t Au, including 1.5 metres grading 16.45 g/t Au (CHL09-2193) and 15.8 metres averaging 1.66 g/t Au (CHL09-2194). Assay results are summarized in the table below and on the drillhole compilation maps attached at the end of this press release:

Mammoth Zone (Pit Area)

------------------------------------------------------------------------------------------------------------------------------------------------------ Hole No. Section Dip/Az From (m) To (m)Length (m) Au g/t CHL09-2191 716450 -45 81.0 86.9 5.9 3.12 degrees/2 degrees Including 81.9 83.2 1.3 5.06 And 94.0 104.9 10.9 2.56 CHL09-2192 716550 -45 78.5 81.0 2.5 7.0 degrees/2 degrees Including 78.5 79.5 1.0 16.8 And 99.5 107.9 8.4 2.39 Including 99.5 101.2 1.70 4.8 CHL09-2193 716500 -45 63.7 118.0 54.3 1.39 degrees/2 degrees Including 111.5 113.0 1.5 16.45 And 137.5 153.0 15.5 1.95 Including 148.7 153.0 4.3 4.65 CHL09-2194 716500 -45 17.0 32.8 15.8 1.66 degrees/2 degrees Including 24.5 26.0 1.5 6.9 CHL09-2195 716550 -45 148.0 150.8 2.8 0.88 degrees/2 degrees------------------------------------------------------------------------------------------------------------------------------------------------------
On the Malartic CHL Prospect, the fault zone associated with the Mammoth Zone is defined by the contact between Archean-age Piche Group Volcanic rocks (mafic to ultramafic schists) and the Pontiac Group Sediments (wacke) to the south. The five drill holes were drilled at a spacing of 50 metres on two north-south sections spaced out between 50-60 metres. Disseminated pyrite-gold mineralization consists of series of sub-vertical tabular subzones hosted in silicified greywackes of the Pontiac Group south of the fault contact. North of the fault, mineralization is hosted in both strongly potassic altered quartz-feldspar porphyry dikes and schistose, carbonated and biotite altered ultramafic rocks. Narrower, higher-grade mineralization is hosted in late quartz veins that can contain visible gold.

A previous hole (CHL07-2000 located 25 metres east of CHL09-2193) drilled in 2007 by Osisko Mining in the area was designed to test the vertical extent of the deep-seated Norrie Zone mineralized system, located in Pontiac sediments on the south side of the fault. It intersected significant widths of disseminated gold mineralization in three separate zones. Within the target zone, the hole cut 107 metres averaging 1.47 g/t Au between 1,483 metres and 1,590 metres downhole depth. The relationship, if any, between the near-surface Mammoth Zone and the deep-seated Norrie Zone is presently unknown.

All NQ or HQ core assays reported above were obtained by standard 50 gram fire assaying-AA finish or gravimetric finish at ALS Chemex laboratories in Val d'Or, Quebec. Reported weighted averages were calculated using a minimum of 0.40g/t Au over successive maximum intervals of 20 metres with no upper cut-off of individual assays. Intersected drifts or lost core within mineralized intersections were incorporated as blank intervals.

Osisko has the right to acquire a 70% interest in the Malartic CHL Property in consideration for $150,000 in cash payments over a four year period (paid) and by completing a minimum $2,000,000 in exploration work over a four year period. Upon earning its 70% interest, Golden Valley Mines will retain a free-carried interest of 30% to production. Also, Osisko purchased a claim block from Golden Valley Mines located immediately southeast of the Canadian Malartic Mine. Terms of the acquisition included a cash payment of $100,000 at signing to allow Osisko to earn a 100%-interest subject to a 2% net smelter royalty payable to Golden Valley Mines. This claim block covers the Charlie Zone, located immediately southeast of the Canadian Malartic deposit.
...
Weitere drill results, diesmal von Bourdon (JV mit White Pine und Noront):

Golden Valley Mines: Exploration Update on Its James Bay Lowlands "Ring of Fire" Joint Venture

VAL-D'OR, QUEBEC, Apr 14, 2010 (Marketwire via COMTEX News Network) --

Golden Valley Mines Ltd. (TSX VENTURE:GZZ) ("Golden Valley" or the "Company") is pleased to provide an exploration update in respect of its Option/Joint Venture Project ("Bourdon Prospects") located along the "Ring of Fire" in the James Bay area Lowlands, McFauld's Lake area. The Bourdon Prospects are under option to White Pine Resources Inc. (TSX-V: WPR) ("White Pine") (formerly WSR Resources Inc.) and Noront Resources Ltd. (TSX-V: NOT) ("Noront"). The information that follows has been prepared by joint venture partner and program operator White Pine:

"The Joint Venture Project has recently completed one drillhole each at the G1 and G3 anomalies. These anomalies were selected following positive results from a 2009 spring drilling program (see press release June 26, 2009) and a ZTEM survey which identified low resistivity anomalies directly over these zones suggesting that they could also continue potentially to greater depth (see press release November 3, 2009). These anomalies were the target of deeper additional drilling in January and February of this year.

Drillhole G1-10-06, drilled to intersect the massive sulphide horizon at a vertical depth of 450m, again intersected massive sulphides from 498.85-506.45m downhole which assayed 1.68% Zn, 0.35% Cu and 0.18% Pb over 7.60m. Included in this interval from 498.85-503.0m downhole was 2.84% Zn, 0.46% Cu and 0.28% Pb over 4.15m.

Drillhole G3-09-03 drilled to intersect the massive sulphide horizon at a vertical depth of 550m, again intersected massive sulphides from 596.12-596.28m which assayed 3.75% Zn, 0.025% Cu and 0.25% Pb over 0.16m."

The exploration program is managed by White Pine for the Joint Venture partners under supervision of Mike Kilbourne, P.Geo. President, White Pine Resources Inc. Mr. Kilbourne prepared the information and results pertaining to the drill program described above.

The Luc Bourdon and Bourdon West properties (a combined 9,969 hectares) were staked by Golden Valley in the fall of 2007 and spring of 2008. This ground was subsequently optioned to White Pine and Noront in August 2008 and subsequently expanded. White Pine and Noront can equally earn a combined undivided 70% of the property by incurring expenditures of $5 million within 3 years of the agreement date.

About Golden Valley Mines Ltd.: The Company typically tests initial grassroots targets while owning a 100% interest and then seeks partners to continue exploration funding. This allows the Company to continue its generative programs and systematic exploration efforts at other majority-owned grassroots projects. As of April 13, 2010, the Company holds majority property interests in 152 projects consisting of 3,879 mining titles (222,218 hectares) and 3 projects consisting of approximately 710 km(2) in the Republic of Sierra Leone in West Africa.

Forward-Looking Statement: This news release contains certain forward-looking statements. These forward-looking statements are subject to a variety of risks and uncertainties beyond the Company's ability to control or predict and are not to be interpreted as guarantees for future performance. These forward-looking statements could cause actual events or results to differ materially from those anticipated in such forward-looking statements. All forward-looking statements speak only as of the date of this news release and the Company does not undertake any obligation to update or publicly release any revisions to such forward-looking statements to reflect events, circumstances, or changes in expectations after the date hereof, except as required by law. Accordingly, readers should not place undue reliance on such forward-looking statements.

SOURCE: Golden Valley Mines Ltd.
CORRECTION FROM SOURCE/Golden Valley Mines Signs Two New Option/Joint Ventures with West Kirkland Mining Ltd.

VAL-D'OR, QUEBEC, Apr 19, 2010 (MARKETWIRE via COMTEX News Network) --

A correction from source is being issued with respect to the release sent out this morning at 12:32 EDT. The corrected version follows.

Golden Valley Mines Ltd. ("Golden Valley"), (TSX VENTURE: GZZ) announces the principal terms of two letter agreements with West Kirkland Mining Ltd. ("WKM") pursuant to which WKM may earn a 70% interest in the each of the Island 27 Prospect (subject to a 2% NSR in favour of the original vendor) and the Plumber Prospect, both located in the Matachewan area, west of Kirkland Lake, Ontario.

In order to acquire its interest in each property, WKM must, amongst other things, make cash payments totalling $102,500, issue to Golden Valley 600,000 shares (including 300,000 shares on approval) incur aggregate exploration expenditures of $5,000,000 over a 3 year period (including $1,050,000 over the first year), and complete a feasibility study on each property.

Upon completing of all its obligations under the letter agreements, a joint venture shall then be formed on each property. Golden Valley's 30% interest is carried to production.

About West Kirkland Mining Ltd: West Kirkland Mining Ltd. is a private company founded by R. Michael Jones and Frank Hallam that has acquired a portfolio of mineral exploration properties located in Nevada and Ontario, since its incorporation in November 2009. These property interests include an option to earn up to a 75% undivided interest in Mexivada Mining Corp.'s Goldstorm gold exploration property located in Nevada and several blocks of property optioned or staked west of Kirkland Lake, Ontario. On March 24, 2010 Anthem Ventures Capital Corp. (TSX-V: AVE) announced that it has entered into an acquisition agreement with West Kirkland Mining Inc. and the shareholders of West Kirkland to acquire all of the issued and outstanding shares of West Kirkland. Anthem is a capital pool company ("CPC") and the transaction is subject to approval by the TSX Venture Exchange and, if accepted, is intended to be Anthem's "qualifying transaction". After the acquisition the resulting company will be renamed "West Kirkland Mining Inc." R. Michael Jones said: "We plan to follow the same model that has been very successful over the past five years. West Kirkland will develop its own dedicated management team at the technical and financial level and independent directors. The technical and business model has been very successful in our previous founding of Platinum Group Metals (PTM-TSX, PLG-NYSE AMEX), MAG Silver Corp. (MAG-TSX, MVG-NYSE AMEX) and West Timmins Mining Inc. (sold to Lake Shore Gold Corp. in November 2009 - LSG-TSX). The technical theme of West Kirkland follows the proven model of acquiring big positions on known producing trends, worked systematically with dedicated expertise. The properties now being optioned from Golden Valley Mines are a natural fit with our objectives in the Kirkland Lake area and we are keen to begin exploration work on these projects."

About Golden Valley Mines Ltd.: The Company typically tests initial grassroots targets while owning a 100% interest and then seeks partners to continue exploration funding. This allows the Company to continue its generative programs and systematic exploration efforts at other majority-owned grassroots projects. As of April 13, 2010, the Company holds majority property interests in 152 projects consisting of 3,879 mining titles (224,669 hectares) and 3 projects consisting of approximately 710 km(2) in the Republic of Sierra Leone in West Africa.

...
Wow !!!:


Golden Valley Mines: Significant Gold Mineralization Intersected in 25 Drillholes on the Malartic CHL Prospect-Results Include 109 Metres Averaging 0.83 g/t Au

VAL-D\'OR, QUEBEC, May 13, 2010 (MARKETWIRE via COMTEX News Network) --
Golden Valley Mines Ltd. (\"Golden Valley Mines\" or the \"Company\")(TSX VENTURE: GZZ) is pleased to announce additional assay results (25 drillholes totalling 7,134 metres) from the definition drill program testing the depth extension of the western portion of the Jeffrey Zone on the Malartic CHL Prospect. The property is optioned to Osisko Mining Corporation (\"Osisko\", OSK: TSX, EWX: Deutsche Boerse) who is also the project operator. Additional results from the on-going 25,000 metre definition drilling program on the Jeffrey Zone are pending and will be released when received and compiled.

Presently, the Jeffrey Zone has been traced continuously by surface diamond drilling over a strike length of 400 metres and to maximum depths of less than 370 metres. True average width of the zone is estimated at 42.0 metres. The mineralized system remains open along strike to the east for at least 500 metres, where previous drilling (2007 program) intersected significant mineralization and it is open as well in the down-dip direction. The total cumulative east-west strike extent of zone has now been drill tested over a distance of some 900 metres.

This first set of assay results has been derived from recent activity from the western sector of the zone. At the Jeffrey Zone, the drillholes intersected multiple zones of significant near-surface and deeper, higher-grade gold mineralization to depths of up to 372 metres. The zone remains open along strike and down-dip at depth. Over the western sector of the zone, significant drill intersections include:

-- 40.7 metres averaging 0.77 g/t Au (CHL09-2197);-- 109.0 metres averaging 0.83 g/t Au, with 1.5 metres grading 21.2 g/t Au(CHL09-2215);-- 42.8 metres averaging 1.41 g/t Au, with 1.5 metres grading 17.6 (CHL09-2212);-- 52.5 metres averaging 1.19 g/t Au, with 1.5 metres grading 10.65 g/t Au(CHL09-2217); and-- 110.9 metres averaging 0.80 g/t Au, with 1.5 metres grading 9.36 g/t Au(CHL09-2219).

[...]

Definition drilling on the Jeffrey Zone is based on a series of sections spaced at 25 metre intervals over an east-west strike length of 400-metres and north-south distance of 135 metres. All of the drillholes were drilled to the south. The objectives of the program are to obtain both additional drill information along strike and to depth (to the north), required to complete an initial resource calculation on the zone and for planning additional drilling.

Mineralization at the Jeffrey Zone consists of disseminated pyrite-gold in strongly potassic-altered quartz-feldspar porphyry dikes, in contact with a predominately ultramafic flow sequence, and in subordinate diorite-gabbro and sedimentary units. Narrower, higher-grade mineralization is hosted in quartz veined (silicified) porphyry or talcose and chlorite-altered ultramafic schists.

All NQ or HQ core assays reported above were obtained by standard 50 gram fire assaying-AA finish or gravimetric finish at ALS Chemex laboratories in Val-d\'Or, Quebec. Reported weighted averages were calculated using a minimum of 0.40 g/t Au over successive maximum intervals of 20 metres with no upper cut-off of individual assays. Intersected drifts or lost core within mineralized intersections were incorporated as blank intervals.

Osisko has the right to acquire a 70% interest in the Malartic CHL Property in consideration for $150,000 in cash payments over a four year period (paid) and by completing a minimum $2,000,000 in exploration work over a four year period. Upon earning its 70% interest, Golden Valley Mines will retain a free-carried interest of 30% to production. Also, Osisko purchased a claim block from Golden Valley Mines located immediately southeast of the Canadian Malartic Mine. Terms of the acquisition included a cash payment of $100,000 at signing to allow Osisko to earn a 100%-interest subject to a 2% net smelter royalty payable to Golden Valley Mines. This claim block covers the Charlie Zone, located immediately southeast of the Canadian Malartic deposit.
...
Entschuldigung, aber was soll DAS ?

Aktuelle marketcap ca. 18 Mio $.
Nach den spin outs entstehen mini-grassroot-one-project-companys.
Ich hoffe, daß das auf der Aktionärsversammlung nicht durchgeht:

Golden Valley Mines Proposes to Spin Out Four New Companies

VAL-D'OR, QUEBEC, May 21, 2010 (MARKETWIRE via COMTEX News Network) --

Golden Valley Mines Ltd. ("Golden Valley" or the "Company") (TSX VENTURE: GZZ) announces that it intends to transfer certain of its properties, and carried interests in certain properties, to the following of its four subsidiaries, with the intention of making an application for the shares of each of the subsidiaries for listing on the TSX Venture Exchange (the "Exchange"):


-- Abitibi Royalties Inc., which will initially hold the title to two of
Golden Valley's carried interests and a single net smelter royalty
interest, and may acquire and generate other royalty interests;
-- Calone Mining Ltd., which will acquire the shares of Calone Mining
Company (S.L.) Ltd., Golden Valley's subsidiary which conducts local
operations in the Republic of Sierra Leone, West Africa;
-- Nunavik Nickel Mines Ltd., which will hold title to Golden Valley's
nickel properties in Nunavik, Quebec, Canada and may acquire and
generate other nickel ventures in Canada and elsewhere; and
-- Uranium Valley Mines Ltd., which will hold title to Golden Valley's
joint venture interests in uranium properties in Saskatchewan and
Quebec, Canada and may acquire and generate other uranium ventures in
Canada and elsewhere.

At this time, Golden Valley has not made a formal listing application for each of the subsidiaries to the Exchange, and there can be no assurance that the transactions will be accepted by the Exchange as proposed, or at all. In addition, completion of the proposed transactions is subject to the approval of the Company's shareholders and the Supreme Court of British Columbia. Accordingly, no assurance can be given that the proposed transactions will be completed as envisaged, nor that Golden Valley will achieve its objectives with the proposed transactions.

Glenn J. Mullan, the President, CEO, and Chairman of Golden Valley said "The purpose of the proposed transfer of certain of Golden Valley's more strategic properties and carried interests to its various subsidiaries is to create operational efficiencies and to increase the Company's financing capacity. The transactions are based on either, or both, the geographic location of the properties (in the case of the Company's recent Sierra Leone, West African acquisitions) and the commodities being explored for (in the case of the Nunavik nickel properties, and in respect of the Company's uranium projects). If the proposed transactions and listing of the subsidiaries on the TSX Venture Exchange are accepted by the various regulatory bodies, we are hoping that in addition to maximizing liquidity, it will also maximize shareholder value as it is intended that shareholders of Golden Valley will also become shareholders of the various subsidiaries. We believe that the proposed spin out will also enable Golden Valley to pursue its core business plan more efficiently, which is the generation of new projects and grassroots exploration".

About Golden Valley Mines Ltd.: The Company typically tests initial grassroots targets while owning a 100% interest and then seeks partners to continue exploration funding. This allows the Company to continue its generative programs and systematic exploration efforts at other majority-owned grassroots projects. As of May 20, 2010, the Company holds majority property interests in 157 projects in Canada consisting of 4,085 mining titles (232,430 hectares) and 2 projects consisting of approximately 710 km(2) in the Republic of Sierra Leone in West Africa.

...
Da sind mal Ergebnisse dabei !!!:


Golden Valley Mines Ltd.: Significant Gold Mineralization Intersected on the Malartic CHL Prospect

VAL-D'OR, QUEBEC, May 27, 2010 (MARKETWIRE via COMTEX News Network) --

Golden Valley Mines Ltd. ("Golden Valley's" or the "Company") (TSX VENTURE: GZZ) is pleased to announce additional assay results (19 drillholes totalling 5,296 metres) from the definition drill program testing the depth extension of the eastern portion of the Jeffrey Zone on the Malartic CHL Prospect. The property is optioned to Osisko Mining Corporation ("Osisko", OSK: TSX, EWX: Deutsche Boerse) who is also the project operator. It is anticipated that Golden Valley's interest in this property will be held through its subsidiary Abitibi Royalties Inc., which has been incorporated recently, to initially hold the title to two of Golden Valley's carried interests and a single net smelter royalty interest.

Additional results from the on-going 25,000 metre definition drilling program on the Jeffrey Zone are pending and will be released when received and compiled.

This second set of assay results has been derived from recent drilling activity (see May 13, 2010 press release). At the Jeffrey Zone, the drillholes intersected multiple zones of significant near-surface and deeper, higher-grade gold mineralization. The zone remains open along strike and down-dip at depth. Over the eastern sector of the zone, new significant drill intersections from west to east include:


-- 91.2 m averaging 0.86 g/t Au, with 1.5 m grading 8.8 g/t Au (CHL10-2240)
-- 73.0 m averaging 2.51 g/t Au, with 1.5 m grading 66.1 g/t Au (CHL10-
2239)
-- 78.0 m averaging 0.80 g/t Au, with 1.5 m grading 4.83 g/t Au (CHL09-
2220)
-- 92.5 m averaging 0.56 g/t Au, with 24.0 m grading 1.04 g/t Au (CHL10-
2234)
-- 67.5 m averaging 0.75 g/t Au, with 3.0 m grading 5.86 g/t Au (CHL09-
2226)
-- 14.3 m averaging 2.90 g/t Au, with 1.5 m grading 16.8 g/t Au (CHL09-
2230)
-- 7.0 m averaging 1.97 g/t Au, with 1.5 m grading 6.21 g/t Au (CHL09-2232)

Presently, the Jeffrey Zone has been traced continuously by surface diamond drilling over a strike length of 400 metres at 25 metre intervals and to maximum depths of less than 370 metres. True average width of the zone is estimated at 42.0 metres. The mineralized system remains open along strike to the east for at least 500 metres, where previous drilling (2007 program) intersected significant mineralization and it is open as well in the down-dip direction. The total cumulative east-west strike extent of the zone has now been drill tested over a distance of some 900 metres.
...
Golden Valley Mines Ltd.: 2010 Exploration Activities and Exploration Program Update Abitibi and James Bay Regions

VAL-D'OR, QUEBEC, Jun 30, 2010 (MARKETWIRE via COMTEX News Network) --

Golden Valley Mines Ltd. ("Golden Valley" or the "Company")(TSX VENTURE: GZZ) is pleased to provide the following report on the Company's gold and base-metal exploration activities, including an overview of its 2010 exploration programs.

Abitibi Grassroots Drill Program - Quebec and Ontario:

As a result of the termination in early 2010 of the asset conservation plan originally imposed in late 2008, exploration activities have resumed on the Company's 100%-owned gold and base-metal prospects located in the Abitibi Greenstone Belt region.

Preliminary and/or detailed in-fill fieldwork consisting of grid establishment and geophysical surveying has been completed or is planned on 9 (nine) Abitibi Greenstone Belt properties during the year 2010 adding to the "pipe-line" of drill ready prospects for the Company's Abitibi "Grassroots Exploration Project". Initial diamond drilling programs have been completed on the Pascalis Cu-Zn Prospect (Quebec & Ontario Prospects Location Map: copper-zinc-silver-+/-gold Target #80; 5-hole, 684 metre program) located in Vauquelin and Pascalis Townships, Quebec and Princess Annie Prospect (Quebec & Ontario Prospects Location Map: gold Target #42; 3-hole, 501 metre program) located in Manneville Township, Quebec. Assay results are pending receipt and will be released following compilation. Drilling activities are expected to continue throughout the year with another 8-10 prospects slated for drill testing. In addition to the above mentioned exploration work, a summer "prospecting and sampling" program is underway targeting airborne geophysical anomalies and historical surface showings on a host of new 100%-owned properties acquired by the Company (2008 to present).

Island 27 and Plumber Prospects - Abitibi Greenstone Belt, Ontario:

Preparations are underway with respect to the planning of exploration activities on the Island 27 (Quebec & Ontario Prospects Location Map: cobalt-silver-nickel and gold Target #71) and Plumber Prospects (Quebec & Ontario Prospects Location Map: gold & cobalt-silver-nickel Target #48) currently under option to West Kirkland Mining Ltd. where first year work commitments total $750,000 and $300,000 respectively. Please refer to the Company's April 19, 2010 news release for further details on the option/joint venture terms.

Cheechoo Gold Project - James Bay Quebec:

The Company and its joint venture partner Sirios Resources Inc. ("Sirios") have commenced a soil sampling and ground magnetic survey along the southwest corner of the Cheechoo B Prospect. Contingent on these results, a follow-up "boot and hammer" prospecting and mapping program is expected to commence in mid-August with the objective of defining drill targets. The southwest sector of the Cheechoo B Prospect is adjacent to the Eleonore South property currently being explored by Eastmain Resources Inc. (35%), Les Mines Opinaca Ltee (35%) and Azimut Exploration Inc. (30%), who have just recently announced the commencement of a $1.6-million exploration program designed to drill-test the extensions of a sedimentary-hosted discovery at the JT gold zone, as well as three other priority targets on the Eleonore South property.

The Cheechoo ("A", "B", and "C") Prospect and "Sharks" Prospect are subject to joint ventures with Sirios effective March 31, 2009 (the "Effective Date") and under which the Company has to date a 60% stake in each of the Cheechoo and Sharks Prospects. Pursuant to the terms of the joint venture agreements, the Company may earn an additional 20% interest in each of the properties provided that it give notice to Sirios, prior to March 31, 2012, of its intent to complete at its sole cost a bankable feasibility study and that it pay to Sirios the sum equal to double the amount of expenditures incurred by Sirios under the joint venture agreements from the Effective Date to the date of delivery of the bankable feasibility study.

Golden Valley completed field programs over the properties from 2005 to 2007. In 2008 and 2009, the Company completed detailed compilations for all the previous work carried on the properties for future exploration planning and joint venture reporting. A management committee is now in place for each joint venture and the parties are currently in discussions with respect to determining if, and when, an exploration program will be carried out next on the properties.

...
habe einmal wieder erste Bestände aufgebaut
die Bewertung ist langsam wirklich interessant und die Aufteilung der Projekte in sep. Gesellschaften macht m.E.nach enorm Sinn :D
Golden Valley Mines Ltd.: Significant Gold Mineralization Intersected on the Perestroika Prospect

VAL-D'OR, QUEBEC, Aug 11, 2010 (MARKETWIRE via COMTEX News Network) --

Golden Valley Mines Ltd. ("Golden Valley" or the "Company") (TSX VENTURE: GZZ) is pleased to provide the following report on its exploration activities at the Company's Abitibi Greenstone Belt (AGB) "Grassroots Exploration Project" (the "Project").

A two (2) hole, 495-metre diamond drill program was completed on the Perestroika Prospect located in Courville Township (the "Program"), located 40 kilometres northeast of Val-d'Or, Quebec. See Quebec & Ontario Prospects Location Map: Gold Target #65. This program tested the depth and lateral extension of the historical gold mineralization of the "Glasnost Showing", within the regional Uniake Deformation Corridor that passes through the property in a northwest to southeast direction.

The drillholes intersected multiple zones of significant high-grade gold mineralization within this trend. Based on the on-going compilation being carried out on the property, this gold mineralized trend remains open along strike for approximately 700 metres and remains open at depth. Assay results are summarized in the table below and on the drillhole compilation maps attached at the end of this press release:

Perestroika Prospect: Table of Significant Drillhole Intersections


-----------------------------------------------------------------------
----
------------------------------------------------------------------
---------
Hole No. Section Dip/Az From (m) To (m)Length (m) Au g/t
-45 degrees /180
GPS09-01 8+00W degrees 37.70 38.65 0.95 0.96
And 74.75 76.00 1.25 1.58
And 81.55 82.25 0.70 0.95
And 85.35 85.75 0.40 4.01
And 174.55 174.90 0.35 0.67
And 188.30 188.70 0.40 0.65
And 231.55 232.00 0.45 6.98
And 244.70 245.70 1.00 3.19
And 256.90 258.45 1.55 2.24
And 261.65 262.80 1.15 59.52
Including 262.00 262.3 0.30 217(i)
And 263.80 265.1 1.30 3.26
Including 263.80 264.42 0.62 6.56
And 267.16 268.60 1.44 1.01
Including 267.16 267.92 0.76 1.6
And 291.53 292.75 1.22 0.62
Including 292.45 292.75 0.30 1.94
And 305.48 306.45 0.97 4.36
-45 degrees /180
GPS09-02 8+00W degrees 72.45 74.85 2.40 3.48
And 77.85 79.15 1.30 4.09
Including 78.75 79.15 0.40 9.94(i)
And 85.90 87.50 1.60 6.89
And 108.13 109.25 1.12 1.52
And 120.25 123.00 2.75 3.71(i)
Including 121.25 123.00 1.75 5.66
And 140.40 143.90 3.50 18.08(i)
Including 140.40 143.45 3.05 20.69
And 157.35 158.05 0.70 1.85
---------------------------------------------------------------------------
---------------------------------------------------------------------------
Gold grades (g/t) are uncut and the intervals are over core lengths.
(i) Occurrence (s) of Visible Gold Observed - Au Screen Metallic Fire Assay
Completed

Gold mineralization is hosted in variable sheared, mylontized and altered sequences of metavolcanic mafic rocks intruded by a series of quartz-diorite intusions. High-grade mineralization is hosted in late quartz-carbonate veins that contain visible gold.

The Program objective was to test for the depth extension of the mineralization within the Uniake Deformation Corridor, as well as to test for the southeast strike extension of the "Glasnost Showing", on section 800W (see attached figure for details). Also, special consideration was given to detailed logging and sampling with the intention of establishing a better control of the system of mineralization related to lithological units (i.e. felsic porphyritic rocks), shearing, alteration (i.e. hematite, fuchsite, etc.) assemblages, sulphide types and percentages (i.e. pyrite, chalcopyrite, gold), and quartz-carbonate veining (i.e. orientation, morphology, timing). Often the complex, erratic, and localized nature of gold is a common feature of many vein-style gold deposits. This style of mineralization is often referred to as being "nuggety" or possessing a high-nugget effect. Accordingly, diamond drilling in this Program utilized large diameter coring technologies (see the September 29, 2009 press release for additional Project details).

The Perestroika Prospect is one of the nine properties which make up the group of properties forming a joint venture with Kalahari Resources Ltd. (KLA-TSX/V) of which the Company is the operator and in which the Company holds a 70% interest.

...
Antwort auf Beitrag Nr.: 39.966.846 von praesens am 11.08.10 15:37:42schöne NEWS und die Aktie mal wieder über der 0,30 :D
Golden Valley Mines Ltd.: New Joint Venture Broker's Fee Prospect - Arnold Township, Ontario

VAL-D'OR, QUEBEC, Oct 13, 2010 (MARKETWIRE via COMTEX News Network) --

-Golden Valley Mines Ltd. ("Golden Valley" or the "Company)(TSX VENTURE: GZZ) is pleased to announce that it has entered into option/joint venture agreement with Cambrian Corp. ("Cambrian"), a private company, in respect of its Broker's Fee Prospect (the "Property") located in Arnold Township, 20 km northeast of Kirkland Lake, Ontario.

Pursuant to the terms of the agreement, Cambrian can earn a 70% undivided interest in the Property by incurring aggregate exploration expenditures of $6,000,000 over a three year period, making a $5,000 cash payment, issuing 500,000 common shares (no later than June 30, 2011), and delivering a definitive feasibility study on the Property on or before the third anniversary of the agreement.

In the event that the exploration expenditures detailed above are not incurred by their respective due dates, the Company may grant Cambrian up to three (3) twelve (12) month extensions (an "Extension Period") to incur such expenditures, provided that Cambrian advise the Company in writing of its intent to avail itself of an Extension Period prior to the date by which the expenditures must be incurred, and that Cambrian issue in the aggregate to the Company up to an additional 500,000 common shares. Cambrian shall keep the Property in good standing and pay all taxes, assessments, and other charges as may be required. The Company shall be the operator during the option period. Upon Cambrian vesting in a 70% interest in the Property, a joint venture may be formed; Golden Valley is carried to commercial production.

Historical work in the area dates back to the 1940's when prospector Davey Lowe discovered and trenched a broad system of quartz-ankerite veins in a sericitized-carbonatized WNW-ESE trending shear zone, apparently hosted within a regional scale lineament. Erratic high-grade results were reported from initial work, and later followed up by several other explorers (Vitro Minerals, Anglo Huronian, Rio Tinto, Lac Minerals, Tundra Gold Mines, and Kalahari Resources). Several other gold intercepts were returned of quartz-ankerite, occasionally well mineralized, and contained within broad sericite schist trending across the Property.

The Property was staked in 1989 and has had various geochemical and geophysical surveys (EM, IP), geological mapping and prospecting completed since that time, including a seven-hole drill program completed in 1994. Exploration fieldwork by Golden Valley during the winter and summer of 2003, included refurbishing of the grid system, re-interpretation of an induced polarization (IP) geophysical survey, and a three-hole, 379 metre drill program testing two major IP axes located north (GBF-03-03 and south (GBF03-01 & 02) of the historical "Lowe Showing" respectively. All three of the drillholes intersected notable pyrite mineralization, but no significant gold assays were returned. The IP anomaly intersected by drillhole GBF-03-01 was explained by the presence of strongly pyritic quartz-ankerite (carbonate) breccia with a semi-massive pyrite matrix, intersected from 136.0' to 140.5' (41.5-42.8 m).

Work completed within the underlying felsic (calc-alkaline) volcanics has outlined multiple parallel geophysical anomalies generally proximate to a regional scale lineament trending approximately five kilometres across the Property. Three of these geophysical features appear to have been tested in the historical work. The calc-alkaline rocks are thought to be part of the Blake River Group volcanics, said to be an important host for gold mineralization further east near Cadillac, Quebec (Lapa, Laronde, Bousquet, Doyon, Mooska, etc.).

About Golden Valley Mines Ltd.: ...
hi G-Valleys,
Panem,
hier ist eine unberechtigte Ruhe.
Der Titel hat sich doch super erholt.
Ich hab jezt eine Weile den Titel nicht weiter verfolgt.
Wie sieht es mit der Produktion aus?

schönes WE noch

1Peters1


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