MicroCaPicks

Served fresh daily

Archive for the ‘Metals and Minerals’ Category

The Omega Gold Property is located in Larder Lake, Ontario approximately 18 miles east of Kirkland Lake, and 4 miles west of Kerr Addison a former mine that produced in excess of 10 million ounces of gold. The Omega Property and Kerr Addison both are situated on the Larder Lake Cadillac fault system. This system has produced over 40 million ounces of gold just in the Kirkland/Larder Lake area and is still a productive wealthy mining camp.

Drilling highlights

  • OM-11-19 From 328 to 337.2 metres returned 8.056 g/t gold over 9.2 metres at a vertical depth of 276 metres below surface in the No. 1-2 zone.
  • OM-11-20 From 386.5 to 395.0 metres returned 3.071 g/t gold over 8.5 metres at a vertical depth of 354 metres below surface in the No. 14 zone.
  • OM-11-15 3.131 g/t Au over 7.8 metres in the 1 and 2 zones at a vertical depth of 315 metres.
  • OM-11-34 2.445 g/t Au over 24 metres in 1 and 2 zones at a vertical depth of 60 metres in potential open pit area.

OTHER PROPERTIES IN KIRKLAND LAKE

Kirkland West

7 km of the Kirkland Larder Lake fault zones cross this property. One past producer (Baldwin Mine)

Sackville Property, VMS/Gold Thunder Bay

Sackville Property, High Grade boulders found containing Zinc, Gold and Silver. Work is ongoing. 43-101 report available. We continue to search for the source of the High Grade VMS boulders. An exploration program was completed in summer 2010. An Intense Geochemical survey followed by drilling is to be completed by 2011 year end.

Casa Berardi, VMS/Gold Quebec

Large land holdings covering the Casa Berardi fault zone. Several low grade gold zones located to date. The potential of the property has a historical background with producing mines nearby. Due to the terrain exploration on this property will be carried out during the winter.

NEW: Chairman Robert Kasner addresses the investment community View Broadcast


Gold > $1800 any minute.

Posted by admin On November - 7 - 2011

Don’t look but gold may reach 1800 before stock market closes.

Silver to $35.

GOLDSTRIKE RESOURCES LTD.

1300-1111 West Georgia Street

Vancouver, BCV6E 4M3
Telephone:604 681 1820
Facsimile:
604 681 1864

GoldStrikeResources.com

TSX-V: GSR

Frankfurt: KCG1

Pink Sheets: APRAF.PK

GOLDSTRIKE DISCOVERS VISIBLE GOLD GRADING 4.65 OUNCES PER TON (159.5 GRAMS PER TONNE) ON YELLOW GIANT

November 7, 2011 – Goldstrike Resources Ltd. (TSX-V: GSR) is pleased to announce the discovery of visible gold on its new Plateau South property, 3.5 kilometres directly south of its Plateau North discovery. The visible gold was found in a sample of bleached, weathered, sandstone grading 159.5 grams per tonne (4.65 ounces per tonne). Another sample of the same rock containing no visible gold returned an assay of 30.15 grams per tonne, confirming the presence of disseminated as well as coarse grained gold mineralization. Goldstrike’s brief reconnaissance prospecting and sampling program was successful in identifying multiple mineralized zones over a strike length of 2.5 kilometres that remain open in all directions. Silica alteration, quartz veining, quartz stringers and brecciation are widespread along a sedimentary-intrusive contact zone.An aggressive follow-up exploration program is planned to trace the full extent of this new trend, to be known as “Yellow Giant”.

The high grade gold sample has the same lithology as the surrounding bedrock, and was found by Goldstrike prospector Tom Morgan during a brief reconnaissance prospecting program following staking. Another rock sample of bleached sandstone taken 700 m south of Morgan’s high grade discovery returned 1.24 grams per tonne gold, and was associated with a soil sample that assayed 126.9 ppb gold.Seven reconnaissance soil samples taken over a strike length of 1.5 kilometres assayed from 23.8 parts per billion gold to 126.9 parts per billion gold, including 3 samples over 100 parts per billion gold.The remainder of the rock, soil and silt samples returned values ranging from below detection to 17.1 parts per billion gold.Altogether, 56 rock samples, 49 soil samples and 7 silt samples have been taken on the Plateau South property. Assays remain pending in respect of an additional 32 rock samples, 1 soil sample, and 7 silt samples.

The property covers Hyland Group metasedimentary rocks at the northern margin of a Cretaceous quartz monzonite stock. Host rocks are mineralized sandstones and conglomerates containing disseminated to medium grained arsenopyrite and pyrite that have been traced over 2.5 kilometres, and the mineralization remains open in all directions.Geological Survey of Canada silt samples taken from two creeks draining the property are anomalous in gold and arsenic.

PLATEAU NORTH UPDATE

Phase 2 mapping on the Plateau North property shows numerous shallow dipping shear zones that strike north-south. The main structure is up to 3 metres thick, strikes north-northeast, and is associated with strong silica flooding and quartz stringers. It coincides with the Gold Rush Zone, where an anomalous soil sample containing 1.544 grams per tonne gold, and a rock sample containing 1.292 grams per tonne gold were reported along with anomalous arsenic, antimony, mercury, and thallium (GSR News Release September 13, 2011). Assays for 56 of 166 rock samples, and 578 out of 949 soil samples remain pending. Exploration in 2012 is planned to include detailed mapping, trenching, and drilling.

NEW PROPERTIES

Using its proven technique of correlating alteration mapped with satellite imagery, regional geochemical data, and favorable geology and structure, Goldstrike has increased its land package at Plateau North and, in addition, staked four new properties: Plateau South, Plateau West, Plateau East, and Plateau Southeast, bringing its total land holdings in the area to 154 square kilometres. Goldstrike is currently waiting to receive assays for 105 rock, 640 soil, and 7 silt samples from all five Plateau properties.

“We are delighted to have made such a discovery associated with multiple anomalous soils during such a brief reconnaissance sampling program”, said Goldstrike President Reimar Koch. “We have already made several significant finds this summer and now can add two new ones from this area. This clearly demonstrates the potential of large areas of Yukon that were previously unexplored for gold. We are eagerly awaiting assay results from all five of our Plateau area properties, as well as many of our other gold properties. We expect a steady flow of assays and look forward to releasing news on significant results as they become available”.

Goldstrike has completed first pass exploration on all of its twenty-four 100% controlled projects, covering more than 4,000 claims and over 80,000 hectares. Quick follow-up exploration was also completed on six of the properties. The Company anticipates a steady flow of news as significant results become available.

Sample analysis and assaying for all of Goldstrike’s projects are being conducted by Acme Analytical Laboratories Ltd. in Vancouver, B.C., which is ISO 9001 accredited. Soil samples are dried at 60C, reduced to 100 grams, and sieved to -80 mesh. A 15 gram charge is then dissolved with a 1:1:1 aqua regia digestion, and analyzed by a 72-element combination ICP-MS and ICP-AES package that includes gold. Rock samples are crushed and split, and 250 gram samples are sieved to 200 mesh. 30 gram charges are then assayed for gold using fire assay fusion and ICP-ES, and in addition, 0.5 mg charges are dissolved with a 1:1:1 aqua regia digestion, and analyzed by 37-element ICP-MS that also includes gold. Rigorous procedures are in place regarding sample collection, chain of custody and data entry. Certified assay standards, duplicate samples and blanks are routinely inserted into the sample stream to ensure integrity of the assay process.

Trevor J. Bremner, P.Geo., Senior Consulting Geologist and Advisor to Goldstrike’s Board, is a qualified person, as defined by National Instrument 43-101, for Goldstrike’s Yukon exploration projects and supervised the preparation of the technical information in this release.For more detailed new information on the Plateau South and Plateau North properties, refer to recent associated links on Goldstrike’s web site at goldstrikeresources.com

ON BEHALF OF THE BOARD

Reimar Koch

President

For further information contact:

Jeff Stuart (604) 681 1820

Toll-free(877) 566 9089

info@goldstrikeresources.com

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 Predator continues to advance Bohemian-Schooner Zone with Intercepts of 24.3 m @ 3.88 g/t Gold and 10.9 m @ 4.61 g/t Gold at Brewery Creek Project, Yukon

Press Release Source: Golden Predator Corp. On Friday November 4, 2011, 2:15 pm

TSX:GPD

VANCOUVER , Nov. 4, 2011 /CNW/ – (Toronto:GPD.TO) (the “Company”) is pleased to announce further results of 13 diamond drill holes from its ongoing infill program at the Bohemian-Schooner Zone from its flagship Brewery Creek Project.

Highlights of the current release include:

  • BC11-287 with 10.9 m of 4.61 g/t gold from a depth of 42.1 m;
  • BC11-288 with 24.3 m of 3.88 g/t gold from a depth of 14.2 m;
  • BC11-292 with 14.1 m of 3.40 g/t gold from a depth of 63.5 m; and
  • BC11-293 with 22.8 m of 3.78 g/t gold from a depth of 44.0 m.

A complete table of results and location map can be found on the Company’s website at:
http://www.goldenpredator.com/documents/GPD-NR11-40-Brewery-Creek.pdf

Brewery Creek Project Update
To date in 2011, the Company has completed more than 240 drill holes at Brewery Creek, totalling over 38,000 m. Drilling has been concentrated on delineating the two 2011 discoveries at the Bohemian-Schooner and Sleeman Zones, with significant additional drilling on the North Slope and Classic Zones, as well as the newly identified Ice Fog Zone. Results are still pending for over 120 core and RC holes. Year-round drilling continues at Brewery Creek, with 3 core rigs and one RC rig presently operating on site. Resource modeling in support of an updated resource estimate is well underway.

Bohemian‐Schooner Zone Geology
The Bohemian‐Schooner Zone is a strongly mineralized, steeply dipping structural corridor that strikes east‐northeast. The corridor intersects a lower‐angle tabular mineralized zone in strongly altered quartz monzonite sills. The Zone sits approximately 500 m east of the Lucky deposit, the nearest past producing area, and is over 1 km in length and is open along strike to the east and at depth.

Core holes BC11-282, BC11-283 and BC11-285 failed to reach target depths having been terminated at depths of 72, 4.5 and 39 m respectively. No significant mineralization was encountered in these holes or hole BC11-284.

Sampling Methodology, Quality Control and Assurance
Samples were fire assayed for gold by ALS Chemex and ACME Laboratories in Vancouver . All assays are reported as drilled intervals and are not to be interpreted as true widths. Refer to the Company’s news release dated March 24, 2011 for a complete discussion of sampling methods, quality control and assurance.

The technical content of this news release has been reviewed and approved by Michael Maslowski , BSc, CPG, the Company’s Vice President, Exploration ( Canada ) and a Qualified Person as defined by National Instrument 43‐101.

Website / Donner Metals Twitter / AGORACOM HUB / Stock Quote

Donner Metals Ltd. is a Canadian development and exploration company focused on base and precious metal projects in Québec. Donner’s flagship project is a partnership with Xstrata Canada Corporation in the world-class Matagami Mining Camp district, covering both the current development of a new mine and on-going exploration activities. The area is host to historical production of 8.6 billion pounds of zinc and 853 million pounds of copper since 1963. The Matagami project is located in the Abitibi region of central Québec and it is supported by Xstrata’s existing mine infrastructure, a highly experienced workforce and an operating 2,950 tonne per day mill. As well, the area is serviced by highway, power, airport, railway and town site infrastructure. The Bracemac-McLeod deposit is located 6 kilometres from Xstrata’s Matagami mill complex. Mineral concentrates produced in Matagami are processed and refined at Xstrata’s facilities in Rouyn – Noranda and Montreal.

The Bracemac-McLeod ramp is currently passing 2,070 metres and is progressing extremely well with an average advancement rate of 5.7 metres per day (6.45 metres per day since May, 2011) compared to 4.5 metres per day estimated in the feasibility study. Multiple face development of the Bracemac zones and the construction of ventilation raises will commence when the ramp reaches 2,300 metres. Ramping will also continue to the McLeod zone. Construction of access and haulage roads, mine support infrastructure and electrical supply has been mostly completed. Xstrata Zinc has realized a number of efficiencies to date to ensure the project remains within budget and they continue to target other areas of the project to realize further timing and cost efficiencies. Initial production from the mine is scheduled to start in early 2013.

Bracemac-McLeod Mine

  • 35% Donner, 65% Xstrata Zinc
  • Production scheduled for January 2013
  • Initial mine life of 4 years on current mining reserve (diluted) of 3.73 million tonnes grading 9.60% zinc, 1.26% copper, and 28.25g/t silver and 0.43g/t gold
  • Positive ROR at base case = $0.80Zinc, $2.50 Copper

Mine Expansion

  • + 2.5 million tonnes in upside highgrade inferred resources identified
  • Inferred resources are open with high exploration potential
  • Numerous high-grade intersections outside of current resource envelope

VIEW Bracemac-McLeod Feasibility Report on SEDAR

SUBSCRIBE