Lupaka Gold Intercepts 18 Metres at 7.29 g/t Gold and 124 Metres at 1.39 g/t Gold at Crucero Gold Project. Exploration Drilling Commences on Chaska Zone
Lupaka Gold Corp. ("Lupaka Gold" or "the Company") (TSX:LPK) announces that it has received assay results on the first five drill holes completed since the 2012 drilling program commenced on its Crucero Gold Project in southeast Peru.
Holes DDH-54 and DDH-56 have returned some of the highest grades over continuous widths reported to date, including 18 metres at 7.29 gpt gold. DDH-19 contains a significant width of 124 metres at 1.39 gpt gold in the southern portion of the mineralized envelope. The results confirm that the A-1 Zone is continuous and open to the north along strike and at depth.
Galway intersects 11.6 g/t Au over 19.0 m, expands Machuca
Galway Resources Ltd. (GWY:TSX-V) is pleased to announce assay results from an additional 43 diamond drill holes (17,527.8 meters) at its California gold-silver property in Colombia. The California property is located adjacent to, and on strike with the La Bodega/La Mascota deposit (acquired for $1.5 billion in cash by AUX Canada). Galway's property is at the lowest elevation among the major deposits identified along the California gold trend. Galway also owns a 360 meter-long fractional land position that appears to be directly within AUX's La Mascota mineralized structure. Galway is also exploring the Vetas property, which hosts the El Volcan mine located 8 km southeast of California and is the largest gold producer in the region.
Northquest Ltd. intersects 164 metres grading 5.39 grams gold per tonne in drill hole PB-12-09 at the Vickers Target, Pistol Bay Gold Project, Nunavut, Canada
Northquest Ltd. (TSXV:NQ.V - News), (FWB-N3Q) ("Northquest" or "the Company") announces that it has completed approximately half of its planned drilling program at the Pistol Bay Gold Project, Nunavut, Canada. The project consists of 575 square kilometres of mineral rights covering a 35 kilometre strike length of a 2 kilometre wide alteration zone known as the Pistol Bay Corridor which contains numerous gold occurrences. The current drilling program is focussed on the Vickers, Bazooka, and Sako gold occurrences. To date the Company has completed 2,400 metres of drilling and anticipates that approximately 3,500 to 4,000 metres of drilling will be completed by the end of the 2012 drilling season.
Argentex Continues to Identify Silver and Gold Mineralisation at Pinguino including 2 m @ 281.5 g/t Ag and 5.62 g/t Au
Argentex Mining Corporation ("Argentex" or the "Company") (TSX VENTURE:ATX)(OTCQB:AGXMF) is pleased to announce the first results from the Phase VIII reverse-circulation ("RC") drill program conducted at its 100%-owned silver-gold and polymetallic Pingüino Project, located in Santa Cruz, Argentina. These results are from the first 30 holes (3,004 m) of the 93-hole (8,410 m) RC drill program completed in June 2012.
"The Phase VIII program was designed to expand areas of mineralisation previously identified as significant for precious metals in known veins and to further test new veins. It was very successful on both counts.
Alder Discovers Bonanza Grade Gold Zone Including 8 Metres at 29.54 G/T Gold at Rosita Project, Nicaragua
Alder Resources Ltd. ("Alder" or the "Company") (TSX VENTURE:ALR) is pleased to present assay results for core hole D914 completed in the Rosita D Concession, in northeast Nicaragua. Located along the western side of the Santa Rita pit (see figure 1), the drill hole intersected 8 metres grading 29.54 grams per tonne ("g/t") gold ("Au") from 240 metres. The intercept includes a 2 metre interval from 241 metres, averaging 110.68 g/t Au, which is comprised of two, 1-metre segments assaying 139.29 g/t Au and 82.07 g/t Au, respectively. If cut to 30 g/t Au, the 8-metre interval grades 9.38 g/t Au. This high grade intercept occurs in garnetite skarn and skarn breccia, containing a stockwork of calcite+quartz+sulphide veinlets with visible gold noted locally in the drill core. The hole was drilled obliquely to the interpreted northwest trend and the true width of this intercept is unknown. Further drilling is required to delineate the geometry of this zone.
Metanor Intersects 17.18 g/t Au Over 6.43 m, 12.14 g/t Au Over 6.40 m and 8.63 g/t Au Over 4.27 m at Bachelor
Metanor Resources Inc. ("Metanor") (TSX VENTURE:MTO) is pleased to publish an update on its diamond drilling program at the Bachelor project.
Metanor continues the underground drilling of the "Main" and "B" veins, from the levels 13 and 15 of the Bachelor Project. Since the publication of the last press release concerning the status of the current drilling campaign (REF: press release on June 5, 2012), 12 new drill holes totaling 2,723 meters have been completed.
To date, 31 drill holes have been completed on level 15 representing 9,769 meters of drilling. These drill holes are intended to increase resources by targeting extensions known to the "Main" and "B" veins between levels 14 and 15.
High Grade Gold Results Continue at Limao, Brazil: 53.85 Grams Gold Per Tonne Over 14.38 Metres in Hole LDH-11 Drill Program Concludes Amerix Precious Metals Corp. (TSX VENTURE:APM)(FRANKFURT:NJGN) ('Amerix' or 'the Company') is pleased to announce the remaining assay results from the Company's initial drill program at the Limão Gold Property located in the Tapajós Gold Province, Pará State, Brazil. Results from the Limão Pit target area have returned intersections of 53.85 grams gold per tonne over 14.38 metres in hole LDH-11, 6.95 grams gold per tonne over 5.74 metres in hole LDH-13 and 21.12 grams gold per tonne over 9.03 metres in hole LDH-14. All holes are reported in Table 1 that follows. These results follow the high grade gold intercepts from the Limão Pit, reported earlier in holes LDH-01 to 04 as per Company News Releases 2012-09 and 2012-11.
Pilot Gold Reports 13.7 Metres of 6.03 g/t Gold on West Side of Kinsley Mountain Pilot Gold (TSX:PLG) (the "Company") is pleased to report that step-out drilling on the western flank of the Company's Kinsley Mountain Project in Nevada has returned up to 6.03 g/t gold over 13.7 metres, 600 metres northwest of the nearest historic pit. Recent drilling in the Western Flank area has identified a north-trending zone of higher-grade mineralization that is at least 400 metres by 100 metres and remains open in all directions.
Pilot Gold is nearing the end of the 2012 drill program at Kinsley; however, drilling on the Western Flank area on the west side of the range has been expanded with additional holes targeting higher-grade intercepts. Assays are pending from the final 6 holes of the 12,000 metre program.
Kiska Receives Thorn Results From Brixton; Results Include 83.90 Metres of 161.47 g/t Silver, 1.02 g/t Gold, 1.29% Lead and 1.48% Zinc
Kiska Metals Corporation ("Kiska" or "the Company") (KSK.V) reports that partner Brixton Metals Corporation has forwarded the Company its final results from the 2012 drilling program at the Thorn Property in northwestern British Columbia. Highlights of the program include:-- THN12-65 intersected 12.90 metres of 512.66 g/t silver, 1.72 g/t gold, 4.24% lead and 1.54% zinc from surface within a broader interval of 83.90 metres of 161.47 g/t silver, 1.02 g/t gold, 1.29% lead and 1.48% zinc.
Reservoir Minerals Drills 160 Metres Grading 10.16% Copper Equivalent at Timok Project
Reservoir Minerals Inc. ("RMC" or the "Company") (TSX VENTURE:RMC.V - News)(PINKSHEETS:RVRLF - News)(BERLIN:9RE.BE - News) is pleased to report that diamond drilling on the Company's Timok Project in eastern Serbia, with Freeport-McMoRan Exploration Corporation ("Freeport"), has intercepted high grade copper and gold mineralization in hole FMTC 1213, including 160 metres grading an average of 10.16% copper equivalent ("CuEq";average 6.92% copper and 5.40 grams per tonne ("g/t") gold) from 461 to 621 metres.
Dr. Simon Ingram, President and CEO of Reservoir Minerals Inc. commented: "We believe that the Timok Project is entering a very exciting stage, and that the results to date from wide-spaced drill holes provide confirmation of the project's potential as a significant copper-gold epithermal and porphyry system."
Integra Gold Intersects 20.15 Grams per Tonne Gold Over 5 Meters at No. 6 Vein Integra Gold Corp. (TSX VENTURE:ICG) - -- OTHER SIGNIFICANT RESULTS INCLUDE: -- 17.18 GRAMS/TONNE ("G/T") GOLD OVER 2 METERS ("M") -- 13.04 G/T GOLD OVER 2 M -- 18.25 G/T GOLD OVER 1 M -- VEIN NO. 6 REMAINS OPEN LATERALLY AND AT DEPTH
Integra Gold Corp. (the "Company") is pleased to report final assay results from drilling earlier this year at the Vein No. 6 zone on its 100% owned Lamaque Project in Val d'Or, Quebec.
Mindoro Intersects 26.2m @ 4.07 g/t Gold in First New Hole at Archangel and Provides Update on the Proposed TVI Transaction and Board Changes
Mindoro Resources Ltd. (TSX VENTURE:MIO)(ASX:MDO)(FRANKFURT:OLM) (Mindoro, "the Company"), is pleased to announce that it has received the preliminary results of the first diamond drill hole of the current program at Archangel gold project, Batangas, the Philippines. Diamond drill hole KT 191-12 intersected 26.2m @ 4.07 g/t gold from 19.4m down hole including 6m @ 6.12 g/t gold from 19.4m down hole and 8.8m @ 5.36 g/t gold from 36.8m down hole. These intersections are part of a broader interval of 39.25m @ 3.08 g/t gold from 16.4m down hole (0.5 g/t gold cut-off).
Crocodile Gold Intersects 23.36 g/t Gold Over 5.70 Metres With the Potential to Extend the Phoenix Ore Body at the Fosterville Gold Mine Crocodile Gold Corp. (TSX:CRK)(OTCQX:CROCF)(FRANKFURT:XGC) ("Crocodile Gold" or the "Company") is pleased to announce high-grade intersections from drill holes completed on the Phoenix ore body structure at the Fosterville Gold Mine (FGM) in the State of Victoria. The Company currently has one surface diamond drill rig and one underground drill rig conducting exploration work on various targets at FGM.
Highlights of the drilling include:
Silver Bull Intersects 170.4g/t Silver Over 50.35 Meters Including 385.6g/t Over 11.35 Meters and 307g/t Over 7.95 Meters on the Sierra Mojada Project, Coahuila, Mexico Silver Bull Resources, Inc. (TSX:SVB)(NYSE MKT:SVBL)(NYSE Amex:SVBL) ("Silver Bull") is pleased to announce the drill results for the third batch of 6 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.
Highlights from the third batch of 6 holes include:
Tower Intersects Near Surface High Grade Gold and Silver at JD; 12.6 Meters Grading 10.82 Grams per Tonne Gold and 65.70 Grams per Tonne Silver Tower Resources Ltd. is pleased to report initial results from phase one drilling at its 100% controlled JD Property in north-central British Columbia where high-grade gold and silver was intersected over significant widths in the Finn Zone.
Selected highlights from the first three diamond drill holes in the Finn Zone include:
-12.6 meters (m) grading 10.82 grams per tonne (g/t) gold (Au) and 65.70 g/t silver (Ag) in hole JD-12-003
-21.5 meters grading 4.92 g/t Au and 53.99 g/t Ag in hole JD-12-002
SEMAFO Discovers High Grade Siou Zone at Mana Including Values of Up to 12.56 g/t Au (20.08 g/t Au Uncut) Over 12 Meters
SEMAFO (TSX:SMF)(OMX:SMF) today announced the discovery of the new high grade Siou zone, located approximately 15 kilometers east of the Mana Mill and 22 kilometers North-East of Fofina. To date, initial results have returned consistent high grade values over more than one kilometer along strike and the Siou zone remains open. Preliminary metallurgical tests are underway.
The Siou zone was discovered through a follow-up reverse-circulation ("RC") drilling program on an auger geochemical anomaly. To date, more than 12,000 meters of RC drilling (89 holes) and 756 meters of core drilling (three holes) were completed along a strike length of approximately two kilometers. We have received all the results from this first phase of drilling with section spacing at 200 to 400 meters.
Almaden Steps Out to West, Cuts 30.90 Meters 4.6 g/t AuEq (1.65 g/t Au and 145.4 g/t Ag) in Volcanic Rocks Almaden Minerals Ltd. ("Almaden" or "the Company") (TSX:AMM)(NYSE MKT:AAU)(NYSE Amex:AAU) is pleased to announce further results from the on-going exploration drill program at the Company's 100% owned Tuligtic project, Mexico with holes TU-12-160, 163, 167, 171, 172, 177, 182, 183, 185 and 187. Apart from hole TU-12-172, all holes reported today are from sections 10+150 and 10+200 at the extreme southwest end of the known mineralisation. The intersections reported today from both these sections indicate that significant mineralisation exists in volcanic rocks in this area. Hole TU-12-172 was drilled on section 10+450 into the Main Ixtaca Zone. Highlights from the holes released today include the following intercepts (a more complete list of intercepts is shown in the table below):
Colt Resources intersects 2.78g/t Au over 15.16m, including 15.59g/t Au over 4.07m at Chaminé and 1.19g/t Au over 21.30m at Casas Novas at its Boa Fé Gold Project, Southern Portugal
Colt Resources Inc. ("Colt" or the "Company") (TSXV: GTP) (FRA: P01) (OTCQX: COLTF) is pleased to announce that it has received final analytical results corresponding to twenty-one recently completed drillholes from the ongoing drilling and trenching campaign on its Boa Fé gold project, located within the Company's 100% owned (47Km2) Boa Fé Experimental Mining License (EML) in southern Portugal. The Boa Fé EML is completely surrounded by the Company's 100% owned (732Km2) Montemor exploration concession.
Lundin Petroleum AB: Johan Sverdrup Appraisal Well 16/2-13S is Successfully Completed Lundin Petroleum AB (Lundin Petroleum) (TSX:LUP)(OMX:LUPE) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has completed the drilling of the appraisal well 16/2-13S, in PL501, on the north eastern part of the Johan Sverdrup discovery.
The well is located 2.5 km north east of the Johan Sverdrup discovery well 16/2-6 and 6,5 km south-east of well 16/2-10 in PL265. The main objective of well 16/2-13S was to determine depth to top reservoir, reservoir quality and thickness, and oil water contact in the north eastern part of the field.
Pilot Gold Intersects 19.8 Metres of 2.30 g/t Gold, Extending Mineralization Over 2.2 Kilometres at Kinsley Mountain, Nevada
Pilot Gold (TSX:PLG) ("Pilot Gold" or "the Company") is pleased to report that reverse-circulation (RC) step-out drilling at the Company's Kinsley Mountain Project in northeast Nevada has returned up to 2.30 g/t gold over 19.8 metres on the western flank of the Kinsley Range, 550 metres northwest of the nearest historic pit. Additionally, a newly discovered zone of mineralization, Candland Canyon, was identified 250 metres east of historic mining operations. Mineralization at Kinsley Mountain now extends over a distance in excess of 2.2 kilometres and is interpreted to extend under cover to the north. "These results are very significant because they change the complexion of the Kinsley Project and may indicate the presence of a widespread gold system that extends well beyond the limits of historical mining," stated Matt Lennox-King, President and CEO.
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