Volta Resources Intersects 126.0m at 1.90g/t Gold (Uncut) at its Kiaka Gold Project in Burkina Faso and Confirms Strike and Depth Extent Towards the North - also 81.80 meters at 1.48g/t gold, including 7.0 meters at 10.15g/t gold - - 249.55 meters at 0.86g/t gold, including 16.90 meters at 2.32g/t gold -
Volta Resources Inc. ("Volta Resources" or the "Company") (TSX: VTR) announces additional results from the ongoing 2012 drilling program (Phase 4) on the Central Area at its Kiaka Gold Project in Burkina Faso. The Phase 4 program is focused principally on infill drilling those areas where Inferred category resources occur within the open pit shell defined in the pre-feasibility study ("PFS", see News Release of 3 May 2012).
Yorbeau Intercepts 35.0 g/t Au Over 3.0 Metres and 4.3 g/t Au Over 13.0 Metres at a Vertical Depth of Less Than 200 Metres
Yorbeau Resources Inc. ("Yorbeau"') (TSX:YRB.A) is pleased to provide an update on its 2012 exploration program which is focused on the Lake Gamble Block of the Company's Rouyn property. A recent hole intersected two mineralized zones, respectively assaying 4.3 g/t gold over 13.0 metres and 35.0 g/t gold over 3.0 metres at a vertical depth of less than 200 metres.
The drilling campaign has been ongoing since January 10, 2012 with one drill rig in operation. Encouraging results at shallow depths prompted the Company to drill additional holes and a second drill rig has been mobilized to the property in order to accelerate completion of the program.
Oando Energy Resources brings Ebendo-4 well on production at 2,000 bopd
Oando Energy Resources Inc. ("OER" or the "Company") (TSX: OER), today announced that the Ebendo-4 well, in which OER has a 42.75% working interest, has been brought on production at 2,000 bopd (855 bopd net to OER).
"Bringing the EB-4 well on stream boosts the combined gross production from the Ebendo field significantly to 4,000 bopd," said Pade Durotoye, CEO of OER. "Following the success of the EB-4 well, we continue to advance our Ebendo drilling program with our EB-5 well that is aimed at appraising the untested hydrocarbons contained within the five levels of hydrocarbon bearing sands that were encountered during the EB-4 drilling program."
NovaCopper Continues to Intercept High-Grade Copper Mineralization at the South Reef Zone of the Bornite Deposit
RC12-205 intersects two mineralized intervals totaling 22.9 meters at a grade of 2.60% Cu RC12-206 intersects two mineralized intervals totaling 12.2 meters at a grade of 4.80% Cu RC12-207 intersects one mineralized interval totaling 11.7 meters at a grade of 5.02% Cu RC12-209 intersects four mineralized intervals totaling 71.2 meters at a grade of 3.66% Cu
NovaCopper Inc. (NCQ)(NYSE MKT:NCQ)(NYSE Amex:NCQ) ("NovaCopper" or "the Company") is pleased to announce additional significant results from exploration diamond drilling at the South Reef Zone of the Bornite Property, one of its Upper Kobuk Mineral Projects ("UKMP") located in the Ambler mining district of Northwest Alaska.
Shea Creek Reveals Additional Uranium Treasure: New Kianna Basement Zone Discovered with Intercepts of 16.0 Metres Grading 3.59% eU3O8 in Drill Hole SHE-135-11 and 18.1 Metres Grading 3.70% eU3O8 in Drill Hole SHE-135-13
UEX Corporation ("UEX") is pleased to announce the discovery of a new high-grade zone of basement-hosted mineralization, based on results from the continued exploration of the Kianna Deposit ("Kianna") on the Shea Creek Project (" Shea Creek "). This new zone, Kianna East, is located to the east of the existing Kianna Deposit, and is spatially associated with a second conductive trend. Shea Creek hosts the Kianna, Anne, Colette and 58B deposits (see Figure 1) and is one of ten 49%-owned Western Athabasca Uranium Projects joint-ventured with AREVA Resources Canada Inc. ("AREVA"), the project operator.
Argentex Intersects 5 m @ 355.2 g/t Ag and 18.66 g/t Au at Pinguino Argentex Mining Corporation ("Argentex" or the "Company") (TSX VENTURE:ATX)(OTCQB:AGXMF) is pleased to announce results from the remaining 32 holes (2,751 m) of the Phase VIII reverse-circulation ("RC") drill program conducted at its 100%-owned silver-gold and polymetallic Pingüino Project, located in Santa Cruz province, Argentina. With this release, all holes from the 93-hole (8,410 m) RC drill program, completed in June 2012, have been announced.
Drill Hole Highlights from Final 32 holes:Savary Vein: Hole: PR224-12: 30 m @ 192.5 g/t Ag and 3.65 g/t Au Including: 3 m @ 1,156.3 g/t Ag and 3.63 g/t Au and 5 m @ 355.2 g/t Ag and 18.66 g/t Au Marta Sur: Hole PR177-12: 19 m @ 272.5 g/t Ag and 0.41 g/t Au Including: 5 m @ 767.2 g/t Ag and 0.57 g/t Au
Volta Resources intersects 55.85m @ 4.29g/t gold (uncut) at its Kiaka Gold Project in Burkina Faso and confirms strike and depth extent
Figure 1 - Kiaka Project Central Area Volta Resources Inc.
- also 128.0 meters at 1.43g/t gold, including 27.0 meters at 2.42g/t gold AND - 47.15 meters at 3.07g/t gold, including 15.0 meters at 8.19g/t gold
Volta Resources Inc. ("Volta Resources" or the "Company") (VTR.TO) announces additional results from the ongoing 2012 drilling program (Phase 4) on the Central Area at its Kiaka Gold Project in Burkina Faso .
Alexco Expands Flame & Moth Deposit: Reports Grades Up to 71 Ounces per Ton Silver Over 2.9 Meters, Mineralized Intervals to 7.4 Meters Grading 25.7 Ounces per Ton Silver, and Accompanying Gold
Alexco Resource Corp. (AXR.TO)(NYSE MKT:AXU) today announced successful preliminary results from the initial 2012 shallow drilling campaign at its Flame & Moth deposit. Flame & Moth currently contains an Indicated resource of 11.054 million ounces of silver and an Inferred resource of 3.882 million ounces of silver (see news release dated June 28, 2012 entitled "Alexco Announces Initial Resource Estimates for Flame & Moth and Bermingham"). The drilling campaign, comprising 23 drill holes, has extended silver mineralization approximately 100 meters up dip to the shallow subsurface immediately adjacent to Alexco''s milling complex within the Keno Hill Silver District in Canada''s Yukon Territory.
Dalradian Resources Intersects 2.34 m Grading 47.94 g/t Au and 3.97 m Grading 38 g/t Au and 4 m Grading 7.38 g/t Au at the Curraghinalt Gold Deposit
Dalradian Resources Inc. ("Dalradian" or the "Company") (TSX:DNA)(OTCQX:DRLDF) has received final assays from holes 12-CT-156 and 12-CT-157 at the Company's wholly owned Curraghinalt gold deposit in Northern Ireland. The holes demonstrate that both the main resource veins remain open at depth and that there exists a series of gold bearing cross-cutting structures, the "C" vein set.
"Two weeks ago we announced a new gold discovery over one and a half kilometres on strike from the Curraghinalt deposit. This week we are very happy to announce a new gold discovery within the Curraghinalt deposit.
Decade Resources Ltd. and Mountain Boy Minerals Ltd. Report 7.83 g/t Gold Over 35.06 Metres Intersected in DDH-2012-61 Testing the Upper Montrose Zone
VANCOUVER, BRITISH COLUMBIA ( Oct. 4, 2012) - Decade Resources Ltd. (TSX VENTURE:DEC) ("Decade") and Mountain Boy Minerals Ltd. (TSX VENTURE:MTB) ("Mountain Boy") are providing the assay results for a portion of a further 37 drill holes from the Red Cliff project in Northwestern British Columbia. The joint venture project is owned 65% by Decade and 35% by Mountain Boy. The Red Cliff is a gold/copper property consisting of 8 Crown Granted mineral claims located 25 miles north of the town of Stewart, British Columbia. The Silver Crown 6 claim in which Decade is earning a 100 % interest is adjacent to the north portion of the crown grants. The Red Cliff Extension claim owned 100 % by Decade is along the east side of the Silver Crown 6 claim. To date, the Companies have identified 3 separate gold bearing zones called the Upper Montrose, Lower Montrose and Waterpump within the Crown Granted claims. Recent work has exposed mineralization on the Silver Crown 6 claim approximately 650 metres north of Lydden Creek along the boundary with the Montrose Crown Granted claim.
Paramount Gold and Silver Reports Exceptional Drill Results From Its San Miguel Project in Mexico Including Intercepts up to 59.4 g/T Gold And 1,665.8 g/T Silver Paramount Gold and Silver Corp. (NYSE MKT:PZG)(NYSE Amex:PZG)(TSX:PZG)(FRANKFURT:P6G)(WKN:A0HGKQ) ("Paramount") today reported outstanding new drill results from extensions to the La Union deposit which sits within the 7.5 km. long Guazapares Megastructure at its 100% owned San Miguel Project in northern Mexico. Of 13 new core holes drilled, 10 intersected significant gold and silver values which are expected to improve the size and grade of San Miguel's estimated resources.
TriStar Drills 13.90 m at 4.51 g/t Gold and 20.00 m at 2.86 g/t Gold at Castelo de Sonhos TriStar Gold Inc. (the Company) is pleased to announce the results of the first round of holes completed in the second phase diamond drilling at the Company’s 100% owned Castelo de Sonhos Gold Project in the Tapajos region of Para state, Brazil. Results have been received for fifteen (15) holes drilled at the Esperança South Target.
The second phase of drilling at Castelo de Sonhos started on July 17th with two drill rigs, both initially located at the Esperança South target which have since been moved to the Esperança East and Center targets. A total of 30 holes totalling 3,690 meters of a planned 44 holes totalling a minimum of 5,000 meters have been drilled to date in this second phase campaign.
Eurasian Minerals Reports Drill Results of 18.0 Meters Averaging 13.83% Lead, 4.68% Zinc, and 110.0 g/t Silver for the Balya Royalty Property in Turkey
Eurasian Minerals Inc. (TSX VENTURE:EMX)(NYSE MKT:EMXX)(NYSE Amex:EMXX) (the "Company" or "EMX") is pleased to announce recent drill results from the Balya royalty property in Turkey. The owner and operator of Balya, Dedeman Madencilik San ve Tic. A.S. ("Dedeman"), reports intercepts that include 18.0 meters averaging 13.83% lead, 4.68% zinc, and 110.0 g/t silver, and 22.3 meters averaging 6.95% lead, 5.65% zinc, and 95.68 g/t silver with a 7.9 meter sub-interval of 15.42% lead, 12.33% zinc and 219.94 g/t silver. Dedeman also reports that the property has been successfully converted to an exploitation license and underground development is planned for late 2012 or early 2013.
Eagle Hill Intersects 10.59 g/t Gold Over 24.0 Meters and Expands Near Surface Gold Mineralization
Eagle Hill Exploration Corporation (TSX VENTURE:EAG) ("Eagle Hill" or the "Company") is pleased to release new assay results from its current drill program targeting the extensions of the Windfall Lake Gold Deposit in Northwestern Quebec. These results are part of an ongoing drill program designed to expand the size of the mineral resource estimate published in July 2012 that contained 538,000 ounces in the indicated category and 822,000 ounces in the inferred category.
This part of the drilling program is designed to expand the size of the thick, near surface, rich gold mineralization sitting within the first 100 meters from surface and referred to as the Zone 27 Upper Extension.
Dalradian Resources Intersects 2.22m Grading 14.07g/t Au and 1.47m Grading 23.62g/t Au in 1700 Metre Step-out Hole East of Curraghinalt
Dalradian Resources Inc. ("Dalradian" or the "Company") (TSX:DNA)(OTCQX:DRLDF) has received final assays from hole 12-CT-162, which was drilled to test a geochemical anomaly from a recently released survey. The hole is located approximately 1700 metres along trend from the Company's wholly owned Curraghinalt deposit in Northern Ireland.
CEO, Patrick F.N. Anderson commented, "It looks like the time, cost and effort we put into completing our recent trend-scale geochemical survey was well spent. Our first hole of the anomaly drilling program has come back a zinger."
Rockgate Intersects High-Grade Mineralization in South Block of North Zone, Falea Uranium-Silver-Copper Project, Mali: Including 3.24% U3O8, 242 g/t Ag Over 1.3 Metres
Rockgate Capital Corp. (RGT.TO) (the "Company") is pleased to announce the discovery of a high-grade extension of the North Zone in the South Block, immediately east of the Road Fault. The South Block was identified as a priority target for the 2012 drill program. Important points regarding South Block program include:Hosts high-grade uranium and silver mineralization focused along a west-trending structure over 500 metres long and approximately 100 metres wide.
Grande Portage Resources Ltd. Announces 6.46 Metres of 21.55 gpt Gold
Earlier results have been upgraded with receipt of new metallic screened assays
Grande Portage Resources Ltd. (TSX-V: GPG) ("Grande Portage" or "the Company") is pleased to announce new assay results from three additional diamond drill holes on the Deep Trench Vein and one from the Main Vein on its Herbert Glacier gold project located 30 km north of Juneau, Alaska.
Hole 311D intersected high grade mineralization in the Deep Trench vein consisting of 6.46 metres (3.42-metres true thickness) of 21.55 grams per tonne gold (0.629 ounces per ton) in a quartz vein showing visible flakes of gold.
Silver Bull Intersects 151.6g/t Silver Over 57.30 Meters Including 600.6g/t Over 5.95 Meters on the Sierra Mojada Project, Coahuila, Mexico 09/26/12 -- Silver Bull Resources, Inc. (TSX:SVB)(NYSE MKT:SVBL)(NYSE Amex:SVBL) ("Silver Bull") is pleased to announce the drill results for the fifth batch of drill holes from the underground drill program twinning a series of "long holes" in a high grade silver zone situated at the eastern end of the Shallow Silver Zone on the Sierra Mojada Project in Coahuila, Northern Mexico.
Junex Galt No. 4 Confirms the Oil Potential of the Galt Property
Junex (TSX VENTURE:JNX) is pleased to announce that it has completed drilling operations at its Junex Galt #4 exploration well situated approximately 20 kilometers from the town of Gaspé in eastern Quebec. This well, which attained a total depth of 2,000 meters, was drilled by Junex's drilling division. Numerous oil shows encountered during the drilling of the well and the subsequent recovery of oil in drillstem tests confirm the presence of a very thick oil column that extends from 760 metres to 1,757 meters in depth in the well.
Ten drillstem tests were conducted of which six recovered varying quantities of oil and two recovered oil cut drilling mud; no formation water was recovered in any of the drillstem tests. A total of 29 sidewall cores were also recovered and these will be analyzed over the next few weeks.
La Ronge Gold Continues to Extend Preview SW Gold Deposit and Intersects 2.14 g/t Gold Over 22.59 Metres
La Ronge Gold Corp. (TSX VENTURE:LAR) (the "Company") is pleased to announce that final assays have been received from the 2012 summer drilling on its Preview SW deposit in northern Saskatchewan. The most recent results further confirm the extension of the deposit both along strike and down dip to the southwest.
Drill hole PR12-141 intersected:2.06 g/t gold (g/t Au) over 16.45 metres (m) starting at 200.95 m
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