Thursday, 7 June 2012
URU Metals world class nickel sulphide discovery over 1 billion tonnes
URU Metals look for excellent payback at nickel project Market ...
URU Metals the exploration and development company with uranium interests in Niger and South America and nickel interests in southern Africa has announced ...
shares.telegraph.co.uk/news/article.php?id=4383972&epic...
Wednesday, 6 June 2012
Vatukoula Gold VGM.LN Rising Gold Price Will Support Underground Mining Transition
Vatukoula Gold mines the London listed gold miner whose main asset is their large scale gold mining operation in Fiji, are currently benefitting from the increase in the gold price as the company moves its underground mining operation into the more efficient footwall
Process. The company is expected to start mining higher grades and will lower its development rate, in a move that will bring down the cash cost per ounce.
The high gold price is providing VGM with a nice window in which to make this transition. Shares are trading at just under 40p close to a 52 week low.
Process. The company is expected to start mining higher grades and will lower its development rate, in a move that will bring down the cash cost per ounce.
The high gold price is providing VGM with a nice window in which to make this transition. Shares are trading at just under 40p close to a 52 week low.
Tuesday, 5 June 2012
Brazilian Gold Corp BGC.TSXV Secures Impressive 43-101
Brazilian Gold Gets a Boost in Resources with an Encouraging Initial 43-101 Estimate at Jau
Brazilian Gold announced an initial NI 43-101 resource estimate of 503 koz at the Jau target contained within the Company’s 100% owned Surubim project, bringing the Company’s global resource profile to 1.44 MMoz (Exhibit 1). The Jau resource is contained within a 70m wide mineralized zone trending E-W over a 700m strike length and to a depth of 250m, remaining open at depth and to the west. We highlight that Jau is the most advanced of four targets contained within the Surubim group, which collectively present an opportunity for a near-surface open-pit bulk mining and centralized processing scenario with reduced costs as a result of the minimal amount of drilling and blasting required. We see the current resource reaching 2.5 MMoz within the next 12-18 months with growth coming from Sao Jorge and Boa Vista.
Sunday, 3 June 2012
Geodrill Check This Out
Ryan Irvine, Keystone Analyst review of Geodrill on BNN
http://watch.bnn.ca/#clip683815
Wednesday, 30 May 2012
Brazilian Gold Intersects 20 m grading 2.02 g/t gold on the Batistão Project, northern Brazil
Brazilian Gold Intersects 20 m grading 2.02 g/t gold on the Batistão Project, northern Brazil
Brazilian Gold Corporation (TSXV: BGC) is pleased to announce the completion of the Phase One drill program (678 m in 4 holes) on its wholly owned Batistão project located approximately 30 km southwest of the town of Peixoto de Azevedo in Brazil's northern Mato Grosso state. This region was the focus of a gold rush in the 1980's where 5 million ounces of unofficial production, mostly from shallow alluvial and laterite workings, is reported. The region benefits from excellent infrastructure including road access, electrical power and a skilled workforce.
Highlights
* BTD-003-12 intersected 43 m grading 1.10 g/t including 20 m grading 2.02 g/t gold.
* BTD-002-12 intersected 38 m grading 0.68 g/t including 17.64 m grading 0.86 g/t gold.
* Drilling has tested 500 m of a 2,000 m long gold-in-soi l anomaly and has intersected a mineralized zone that is up to 30 m in width.
* BGC drilling has extended the depth of mineralization down to at least 135 m from surface; mineralization is open in all directions
Brazilian Gold Corporation (TSXV: BGC) is pleased to announce the completion of the Phase One drill program (678 m in 4 holes) on its wholly owned Batistão project located approximately 30 km southwest of the town of Peixoto de Azevedo in Brazil's northern Mato Grosso state. This region was the focus of a gold rush in the 1980's where 5 million ounces of unofficial production, mostly from shallow alluvial and laterite workings, is reported. The region benefits from excellent infrastructure including road access, electrical power and a skilled workforce.
Highlights
* BTD-003-12 intersected 43 m grading 1.10 g/t including 20 m grading 2.02 g/t gold.
* BTD-002-12 intersected 38 m grading 0.68 g/t including 17.64 m grading 0.86 g/t gold.
* Drilling has tested 500 m of a 2,000 m long gold-in-soi l anomaly and has intersected a mineralized zone that is up to 30 m in width.
* BGC drilling has extended the depth of mineralization down to at least 135 m from surface; mineralization is open in all directions
Table 1: Diamond drill intersections from the Batistao Project.
---------------------------------------------------------
HOLE ID SECTION FROM (M) TO (M) INTERVAL (M)* AU G/T
---------------------------------------------------------
BTD-001-12 4000E 125.15 180.00 54.85 0.41
---------------------------------------------------------
includes 125.15 151.00 25.85 0.58
---------------------------------------------------------
BTD-002-12 4200E 146.00 184.00 38.00 0.68
---------------------------------------------------------
includes 146.00 163.64 17.64 0.86
---------------------------------------------------------
BTD-003-12 3800E 69.00 112.00 43.00 1.10
---------------------------------------------------------
includes 79.00 99.00 20.00 2.02
---------------------------------------------------------
BTD-004-12 4000E 1.50 33.00 31.50 0.45
---------------------------------------------------------
includes 4.50 14.00 9.50 &nbs p; 0.92
---------------------------------------------------------
*Interval refers to drill hole intercepts.
The Phase One diamond drill program (678 m in 4 holes) is designed to test below historic RC drill results. The drill holes (BTD-001-12 to BTD-004-12) were drilled to the north or south at -55° on sections spaced 200 m apart. The four holes intersected similar tenor and widths of mineralization as historic holes from surface to 135 m vertically below surface.
The Batistão target was previously explored by a major Australian mining company from 1992 to 1995. The gold mineralization was discovered during a regional stream sediment program and was delineated by soil sampling, geophysics, auger drilling (109 holes in 762 m) and short RC drill holes (24 holes in 1,287 m). The program outlined a west to northwest trending gold-in-soil anomaly over 2,000 m in length. Short RC holes tested 500 m of this strike leng th to a depth of approximately 50 m; mineralization is up to 30 m thick and is open in all directions. Gold mineralization is associated with sericite-silica-sulphide altered granitic rocks; sulphide minerals include pyrite (<5%) and minor chalcopyrite. The concession was allowed to expire because of the depressed gold price at the time. Two concessions covering the Batistão target (199 km2) were subsequently acquired by Brazilian Gold.
Ian Stalker, CEO of Brazilian Gold, commented "We are delighted that the Phase One drill program has successfully confirmed and extended the mineralized zone at Batistão, which remains open in all directions. Given that only a small portion of the property has been explored to date, the potential to find additional zones of mineralization on this property is high.
The Batistão project is one of five core projects on our extensive land holdings in the underexplored Tapajós and Al ta Floresta regions of Brazil. These projects have been drilled by the Company in 2011 and 2012 and have delivered positive results. The Company is currently evaluating and prioritizing these targets for follow up exploration programs for the remainder of 2012."
Laboratory Procedures
Drill core in this program is sampled at 3 m or smaller intervals using a diamond saw. One half of the sample is archived and the other half is dispatched to Acme Analytical Laboratories Ltd.'s sample preparation facility in Cuiaba, Brazil, where the sample is crushed, split and pulverized to 200 mesh. The pulp is shipped to Santiago, Chile or Vancouver, Canada for gold fire assay. Acme Analytical Laboratories Ltd. is an internationally certified ISO 9001 laboratory.
Garnet Dawson, M.Sc., P.Geo. (British Columbia), Vice President, Exploration for the Company and a Qualified Person, as defined by National Instrument 43-101, has reviewed and a pproved the technical disclosure contained in this News Release.
About Brazilian Gold Corporation
Brazilian Gold is a Canadian-based public company with a focus on the acquisition, exploration and development of mineral properties in northern Brazil. The Company has title to one of the largest land packages (3,750 km2) in the Tapajós and adjacent Alta Floresta gold provinces. The land package contains green fields to more advance stage projects including the Company's flagship São Jorge project. Rapid improvements to regional infrastructure continue to provide underlying support to Brazilian Gold's activities in northern Brazil.
The São Jorge project contains an indicated mineral resource of 11.365 Mt grading 1.0 g/t gold (379,000 ounces of gold) and an inferred mineral resource of 20.673 Mt grading 0.8 g/t gold (558,000 ounces of gold) at a 0.3 g/t gold cut-off (Coffey Mining, June 21, 2011).
---------------------------------------------------------
HOLE ID SECTION FROM (M) TO (M) INTERVAL (M)* AU G/T
---------------------------------------------------------
BTD-001-12 4000E 125.15 180.00 54.85 0.41
---------------------------------------------------------
includes 125.15 151.00 25.85 0.58
---------------------------------------------------------
BTD-002-12 4200E 146.00 184.00 38.00 0.68
---------------------------------------------------------
includes 146.00 163.64 17.64 0.86
---------------------------------------------------------
BTD-003-12 3800E 69.00 112.00 43.00 1.10
---------------------------------------------------------
includes 79.00 99.00 20.00 2.02
---------------------------------------------------------
BTD-004-12 4000E 1.50 33.00 31.50 0.45
---------------------------------------------------------
includes 4.50 14.00 9.50 &nbs p; 0.92
---------------------------------------------------------
*Interval refers to drill hole intercepts.
The Phase One diamond drill program (678 m in 4 holes) is designed to test below historic RC drill results. The drill holes (BTD-001-12 to BTD-004-12) were drilled to the north or south at -55° on sections spaced 200 m apart. The four holes intersected similar tenor and widths of mineralization as historic holes from surface to 135 m vertically below surface.
The Batistão target was previously explored by a major Australian mining company from 1992 to 1995. The gold mineralization was discovered during a regional stream sediment program and was delineated by soil sampling, geophysics, auger drilling (109 holes in 762 m) and short RC drill holes (24 holes in 1,287 m). The program outlined a west to northwest trending gold-in-soil anomaly over 2,000 m in length. Short RC holes tested 500 m of this strike leng th to a depth of approximately 50 m; mineralization is up to 30 m thick and is open in all directions. Gold mineralization is associated with sericite-silica-sulphide altered granitic rocks; sulphide minerals include pyrite (<5%) and minor chalcopyrite. The concession was allowed to expire because of the depressed gold price at the time. Two concessions covering the Batistão target (199 km2) were subsequently acquired by Brazilian Gold.
Ian Stalker, CEO of Brazilian Gold, commented "We are delighted that the Phase One drill program has successfully confirmed and extended the mineralized zone at Batistão, which remains open in all directions. Given that only a small portion of the property has been explored to date, the potential to find additional zones of mineralization on this property is high.
The Batistão project is one of five core projects on our extensive land holdings in the underexplored Tapajós and Al ta Floresta regions of Brazil. These projects have been drilled by the Company in 2011 and 2012 and have delivered positive results. The Company is currently evaluating and prioritizing these targets for follow up exploration programs for the remainder of 2012."
Laboratory Procedures
Drill core in this program is sampled at 3 m or smaller intervals using a diamond saw. One half of the sample is archived and the other half is dispatched to Acme Analytical Laboratories Ltd.'s sample preparation facility in Cuiaba, Brazil, where the sample is crushed, split and pulverized to 200 mesh. The pulp is shipped to Santiago, Chile or Vancouver, Canada for gold fire assay. Acme Analytical Laboratories Ltd. is an internationally certified ISO 9001 laboratory.
Garnet Dawson, M.Sc., P.Geo. (British Columbia), Vice President, Exploration for the Company and a Qualified Person, as defined by National Instrument 43-101, has reviewed and a pproved the technical disclosure contained in this News Release.
About Brazilian Gold Corporation
Brazilian Gold is a Canadian-based public company with a focus on the acquisition, exploration and development of mineral properties in northern Brazil. The Company has title to one of the largest land packages (3,750 km2) in the Tapajós and adjacent Alta Floresta gold provinces. The land package contains green fields to more advance stage projects including the Company's flagship São Jorge project. Rapid improvements to regional infrastructure continue to provide underlying support to Brazilian Gold's activities in northern Brazil.
The São Jorge project contains an indicated mineral resource of 11.365 Mt grading 1.0 g/t gold (379,000 ounces of gold) and an inferred mineral resource of 20.673 Mt grading 0.8 g/t gold (558,000 ounces of gold) at a 0.3 g/t gold cut-off (Coffey Mining, June 21, 2011).
Monday, 28 May 2012
Vatukoula Gold VGM.LN Major Improvements to Mining Method
Vatukoula Gold Mines VGM.LN is making considerable underground mine development progress at its Fiji mine where a shift to greater use of Footwall Mining is being undertaken
This method will significantly improve the grades recovered.
This method will significantly improve the grades recovered.
Saturday, 26 May 2012
Nova Resources NOVA.LN Shares Soar on Truck Contract Commencement
Commencement of Mongolian Trucking Operations
Nova is pleased to announce that Nova Trans LLC shall commence trucking operations on 5 June 2012.
Nova Trans LLC has initially purchased 16 vehicles, each comprising a truck and two trailers and will commence its trucking operations with these vehicles pursuant to the coal transportation services contract with Transgobi LLC. It expects that the fleet of vehicles will be increased over time. Nova will make announcements in relation to this as and when appropriate.
Nova is also pleased to announce that the construction of the temporary workers camp has been completed.
About Nova Resources
Nova is a natural resources investment company that focuses on acquiring and developing businesses providing services and facilities to the natural resources industries, in particular exploration, mining and the extraction of resources. Through its 100% owned Mongolian subsidiary Nova Trans LLC, Nova is currently focused on the establishment of large volume road haulage coal transportation operations in Mongolia.
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