FX Energy Reports Successful Production Test at Tuchola-3K Well
FX Energy, Inc. (FXEN) reported that the Tuchola-3K well flowed gas at rates ranging from 3.8 to 5.5 million cubic feet of gas per day with no water during a production test. The Company plans to collect the final data from the downhole pressure gauges and finish completing the well for production.
"The Tuchola-3K test raises the real possibility of opening a significant new exploration play for us in Poland," said David Pierce, President and CEO of FX Energy. "We intend to follow up the successful test with 3-D seismic acquisition covering approximately 100 square kilometers and drill one or two more wells this year in the Edge concession area in north-central Poland where the Tuchola-3K is located. The additional seismic and drilling will help us to determine the potential of this area and specifically the reserves in the structure where the Tuchola-3K well is being completed for production."
Oramed Receives FDA Clearance to Initiate Oral Insulin Trials in the U.S.
Oramed Pharmaceuticals Inc. (ORMP) (http://www.oramed.com), a developer of oral drug delivery systems, announced today that the United States Food and Drug Administration (FDA) has cleared the Company's Investigational New Drug application(IND) for ORMD-0801, its oral insulin capsule.
"We are very pleased to have the FDA clearance to proceed," stated Nadav Kidron, CEO of Oramed. "The upcoming trial is a major milestone for Oramed and we look forward to continuing to progress ORMD-0801's clinical development in the US."
Alpha Minerals Discovery Zone (R00E) Returns 22.0m of 4.8%, Including 4.0m of 20.73% U3O8 at Patterson Lake South, Athabasca Basin
Alpha Minerals Inc. (TSX VENTURE:AMW)(FRANKFURT:E2GA) ("Alpha" or "the Company") and its Joint Venture partner Fission Uranium Corp. (formerly Fission Energy Corp.) are pleased to report assay results from another nine holes from the R00E zone at its Patterson Lake South ("PLS") Property. The assays show a continuous area of broad uranium mineralization at shallow depth. Of particular note is hole PLS13-043 which returned an interval of 22.0m at 4.8% U3O8. With a Grade x Thickness (GT) product value of 105.6, representing the best GT interval to date from the R00E Zone.Hole PLS13-043 (line 045W) intersected: 22.0m of 4.8% U3O8, including 4.0m of 20.73%U3O8
Orefinders Intersects 14.50 m @ 8.10 g/t Au Including 5.90 m @ 32.5(i) g/t Au (uncut) at Mirado Gold Project, Kirkland Lake
Orefinders Resources Inc. (TSX VENTURE:ORX) reports additional high grade gold results from six more drill holes (1,866 m) from its phase II diamond drilling program at the Mirado Gold Project in Kirkland Lake, Ontario. Highlights include hole MD13-19 which intersected32.54* g/t Au (uncut) over 5.90 meters of consistent bonanza grade mineralization (see Table 1) within an interval of 14.50 meters at an average cut grade of 8.10 g/t Au. These latest results demonstrate good continuity of near surface high grade gold mineralization over broad widths in the South Zone, where recent drill results included 9.50m @ 59.2* g/t Au (Hole MD13-07) and 4.30 m @ 17.2* g/t Au (uncut) in hole MD13-06.
Pangolin Diamonds Discovers Its First Kimberlite in Botswana
- Kimberlite discovered at Tsabong North Project has a +20 hectare aeromagnetic anomaly associated with it - Two additional diamond drill core holes will be completed to intersect a minimum of 100 meters of kimberlite - Additional undrilled kimberlite targets in the project area have the same magnetic signature
Pangolin Diamonds Corp. (TSX VENTURE:PAN) (the "Company" or "Pangolin") is pleased to announce it has discovered its first kimberlite at its 100% owned Tsabong North Project in Botswana. Core logging identified crater facies sediments and underlying reworked volcaniclastic kimberlite ("RVK") breccias in drill hole "Magi-01/1".
Africa Oil Announces Etuko-1 Well Spuds in Kenya
Africa Oil Corp. (TSX VENTURE:AOI)(NASDAQ OMX:AOI) ("Africa Oil" or the "Company") is pleased to announce that Tullow Oil Plc, the operator of Block 10BB in Kenya, has commenced drilling at the Etuko (formerly Kamba) prospect. This well will target a new play area in the Lockichar Basin where a working petroleum system has been confirmed by recent discoveries at Ngamia and Twiga. The well will focus on the 'eastern flank play' where oil was discovered in 1992 by Shell at the Loperot-1 well. The primary objectives will be the Lower Lokhone and Auwerwer sands, both of which have been shown to be high quality reservoirs containing oil in existing wells. The gross best estimate of prospective resources for the prospect are 231 million barrels of oil based on a third-party Competent Person's Report*. The well is expected to take approximately 60 days to drill and evaluate.
GTA Reports Initial Results from Phase 4 Drill Program at Northshore. 1.47 g/t Au Over 70 M (Incl 12.28 g/t Over 2.0 M) from the Afric-East Extension
GTA Resources and Mining Inc. (TSX VENTURE:GTA) reports results for the initial five holes (WB-13-36 to WB-13-40) completed in its Phase 4 drill program on the Northshore Property, located 80 km west of Hemlo in northwest Ontario. The current program commenced in mid-March and is scheduled to include a minimum of 2500 meters of drilling focused on testing a number of extensions to the Afric Gold Zone. To date, a total of 1698 meters has been completed in nine holes and the program has been temporarily suspended due to winter break-up conditions. Drilling is scheduled to resume by the end of May, pending weather conditions.
Confederation Drills 7 Metres Grading 32.57 g/t Gold in Shallow (Approximately 150 Metres Below Surface) Drilling at the Newman Todd Gold Project
(Under 70% Option Agreement From Redstar Gold), Red Lake District, Ontario
Confederation Minerals Ltd. (TSX VENTURE:CFM) is pleased to report results from the latest drill holes from the Newman Todd gold project, located in the Red Lake mining district. The interpretation of the geological controls affecting mineralized zones is now beginning to demonstrate continuity along strike and down dip, resulting in a high success rate in recent targeted drilling. The wide, 7 metre intersection grading 32.57 g/t gold, just approximately 150 metres below the surface, is an example of results based on our current geological model.
Orefinders Intersects 8.20 m @ 10.58 g/t Au within 30.20 m @ 4.03 g/t Au at Mirado Gold Project, Kirkland Lake
Orefinders Resources Inc. (TSX VENTURE:ORX) reports additional high grade gold results from an additional six drill holes (1,589 m) from its Phase II diamond drilling program. These latest results targeted the South Zone at the Mirado Gold project near Kirkland Lake, Ontario. All six holes being reported intersected significant high-grade and broad lower-grade gold zones.
Highlights of High-grade gold zones intersected near surface and at depth, include:
Paramount Gold and Silver Extends High Grade Gold and Silver Values Down Dip on Don Ese Vein at San Miguel Project, Mexico
DS-13-032 reports intercepts up to 42.5 g/T gold and 186 g/T silver within a 22.5 meter wide mineralized zone Paramount Gold and Silver Corp. (NYSE MKT:PZG)(PZG.TO)(P6G.F)(WKN:A0HGKQ) ("Paramount") today reported that a new drill program designed to test the depth potential of the high grade Don Ese Vein has intersected outstanding gold and silver grades over greater-than-expected widths, indicating that substantial additional resources could be developed below the current resource model.
Fission Energy: JV Totals 66m U308 in 2 Zones: With 6m @35% in 49.5m @6.26%
FISSION ENERGY CORP. (TSX VENTURE:FIS)(OTCQX:FSSIF) ("Fission" or "the Company), and its 50% Joint Venture partner Alpha Minerals Inc., are pleased to report assay results from drill hole PLS13-053, part of the highly successful winter drill program on its PLS property. PLS13-053, within zone R390E, is located 30m grid west of PLS13-051 (see news release dated April 22, 2013) in which assays included 6.57% over 54m. Today's assays include two broad mineralized zones separated by just 4.5m of unmineralized pelitic rocks.
UPPER URANIUM ZONE = 66m - 115.5m49.5m @ 6.26% U3O8; Including 6m @ 35% U3O8 Highest assay in the interval: 45% U3O8 over 0.5m
Bengal's Drilling Campaign Continues to Show 100% Success Rate - Now 10 for 10 at Cuisinier in the Cooper Basin
Bengal Energy Ltd. (TSX:BNG.TO) ("Bengal" or the "Company") is pleased to announce that the Cuisinier 8 well ("Cuisinier 8"), the second well in the 2013 Cuisinier appraisal drilling campaign on the Barta sub-block ("Barta sub-block") portion of Authority to Prospect ("ATP") 752P in the Cooper-Eromanga Basin, in Queensland, Australia, has been cased as a future oil producer.
The Cretaceous Murta member, DC70 sand was the primary target and the well encountered approximately 7.6 metres of net sandstone with a preliminary estimate of 6.8 metres net pay.
Fortuna drills 7.3 m of 1789 g/t Ag and 10 g/t Au on northern extension of the San Jose mine, Mexico
Fortuna Silver Mines Inc. (NYSE: FSM) | (TSX: FVI) | (BVL: FVI) | (Frankfurt: F4S.F) is pleased to report that exploration drilling has successfully extended the Trinidad ore shoot to the north and to depth with mineralization remaining open in both directions. Results are also reported for the initial infill drilling being carried out in the central portion of the Trinidad deposit for purposes of conversion of Inferred Mineral Resources to an Indicated Mineral Resource classification.
Jorge A. Ganoza, President and CEO, commented, "We are excited by the consistency of the discovery holes drilled north of Trinidad, where we are starting to configure a new wide and high grade silver and gold mineralized shoot that remains open on two directions.
Forum Hits "Off Scale" at Zone A and 40 Metres of Radioactivity at Otis on NW Athabasca Joint Venture
Forum Uranium Corp. (TSX VENTURE:FDC) is pleased to announce the completion of 17 holes totaling 3,449 metres on three near surface targets on the NW Athabasca Joint Venture project located in the Athabasca Basin, Saskatchewan. Uranium mineralization was intersected in 8 of 17 holes.
HighlightsZone A- 4.5 metres of radioactivity with 1.2 metres of "Off Scale". Otis- 40 metres of radioactivity with 0.1 metres of "Off Scale". Barney- Strong alteration zone extended.
Fission Energy Corp.: 23m of High Grade Uranium Including 2m of 12.4% U3O8 at PLS's R00E Zone
FISSION ENERGY CORP. (TSX VENTURE:FIS)(OTCQX:FSSIF) ("Fission" or "the Company), and its 50% Joint Venture partner Alpha Minerals Inc., are pleased to report further assay results from twelve holes in the R00E zone on its Patterson Lake South (PLS) Property. The Company is reporting on twelve holes from the R00E zone in which results show a continuous area of broad, relatively flat lying zone of uranium mineralization at shallow depths
These results are part of the recently completed Winter Drill program at PLS. They expand upon and delineate the R00E assay results previously reported (see news release dated Dec. 05, 2012) that outline a broad zone of uranium found at shallow depth.
Metals Creek Intersects 49.96 g/t gold (uncut) over 9.0 meters, including 434.77 g/t over 1.0 meter at the Thomas Ogden Zone in Timmins, Ontario Metals Creek Resources Corp. (the "Corporation", TSXV: "MEK") is very pleased to report assay results from the first hole of its recently completed drill program on the Ogden Gold Project in Timmins, Ontario. The program consisted of eight holes targeted on the Thomas Ogden (TOG) Zone and was designed to test the eastern, western and down dip extent of the gold mineralization. Additionally, the results from the new drilling will help to better define known fold structures which are thought to be an important control on the location of the high grade gold mineralization.
Eagle Hill Extends Gold Mineralization to a Depth of 870 Meters With 15.34 g/t Gold Over 11.0 Meters at Windfall Lake
Eagle Hill Exploration Corporation ("Eagle Hill" or the "Company") (TSX VENTURE:EAG)(OTCQX:EHECF)(FRANKFURT:EH0) is pleased to announce assay results from its 2012 drill program at the Windfall Lake Gold Property in Northwestern Quebec (the "Property" or "Windfall Lake"). The new results include the deepest high grade wide gold mineralization discovered to date at Windfall Lake, below the Red Dog intrusion. These results were produced from a drill program designed to expand the size of the mineral resource estimate released on July 25, 2012 that already includes 1,665,000 tonnes at 10.05 g/t gold (538,000 ounces) in the indicated category and an inferred resource of 2,906,000 tonnes at 8.76 g/t gold (822,000 ounces).
Focus Graphite Releases Infill and Deposit Margin Drilling Results at Lac Knife Deposit : 42.8 m grading 20.43% Cgr in Hole LK-12-128
Focus Graphite Inc. (TSX VENTURE:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) ("Focus" or the "Company") is pleased to report the results of the summer 2012 infill and deposit margin drilling program on the Company's 100%-owned Lac Knife graphite Property (the "Property"), located in the Grenville Geological Province of northeastern Québec. Fifty-six (56) large diameter (PQ-sized) core holes (total: 5,638 m) were drilled with the aim to upgrade the current Inferred mineral resources in the southeastern part of the Lac Knife deposit to the Indicated category; to map the limits of the deposit; and to provide sufficient mineralised feed material for phase II lock cycle metallurgical testing and for the pilot plant testing program currently scheduled to commence this month.
Klondex Confirms Zone of Gold Mineralization South of Mineral Resource, Drills 6.7m of 33.7g/t Au Within a Larger Intercept of 13.0m of 16.6 g/t Au
Klondex Mines Ltd. (TSX: KDX) (OTCQX: KLNDF) reports drill hole FC12-029U intersected 0.48 opt (16.6 g/t) Au over 42.8 ft (13.0m) at its Fire Creek gold project in Nevada (Figure 1 click here). The diamond drill hole confirms gold mineralization in a "South Zone" near the mine portal, located 1300 ft south of the 5400 crosscut. The drill hole was part of a larger surface and underground drill program testing the continuity of the Joyce A1 and Vonnie B1 veins (formerly named the A and B veins, respectively) in the south portion of the Main Zone.
Carlisle Goldfields Announces Positive Drilling Results from its Farley Lake Mine Project, Including 35 Metres Grading 6.83 g/t Au TORONTO, ONTARIO--(Marketwire - March 27, 2013) - Carlisle Goldfields Limited ("Carlisle" or the "Company") (TSX:CGJ)(OTCQX:CGJCF) announces results from its 2012 drill program at its Farley Lake Mine Project, highlighted by drill hole FL12-25, which showed multiple high-grade intersections including 35 metres (m), from 345 to 380 m, grading 6.83 g/t Au (grams per tonne of gold). Exploration and drilling work at Farley Lake was completed in December 2012. An initial NI43-101 compliant resource estimate is expected in Q2 2013.
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