Pacific Rubiales confirms oil discovery on the Karoon blocks, offshore Brazil
Pacific Rubiales Energy Corp. (TSX: PRE; BVC: PREC; BOVESPA: PREB) confirmed today the discovery of light oil at the Kangaroo-1 exploration well drilling on block S-M-1101, in the Santos basin, offshore Brazil. The well was drilled as part of an agreement announced by the Company on September 18, 2012, as a minimum work commitment for both the S-M-1101 and S-M-1165 blocks, where the Company holds a 35% participating interest (subject to approval by Brazil's Agência Nacional do Petróleo, Gás Natural e Biocombustíveis (ANP)).
Atico Drills 119 Meters of 6.9% Copper and 6.3 g/t Gold; Discovers New Massive Sulfide Body at El Roble Mine in Colombia
Atico Mining Corporation (TSX VENTURE:ATY) announces that ongoing underground drilling at its El Roble mine project in Colombia has discovered a significant new massive sulfide body at the north end of known mineralization, which now extends 360 meters along strike and 250 meters below level 2000, the lowest production level at the mine. The company also reports results of seven new diamond drill core holes (ATDHR-20 through ATDHR-26), which included 119 meters of 6.9% copper and 6.3 g/t gold.
Fernando E. Ganoza, CEO, commented, "Drilling continues to discover new and extend high-grade massive sulfide copper and gold bodies in the immediate vicinity of the El Roble mine.
Kilo Intersects Additional High Grade Targets at Kitenge: 3.75 M Grading 27.08 g/t Gold
Highlights3.75 metres grading 27.08 g/t Au Depth below surface is only 125 metres This intersection is 60 metres vertically below hole #21 (5.80 metres grading 42.24 g/t Au) High grade zone at Kitenge now outlined over 700 metre strike length Deepest intercept to date in the high grade zone is only 145 metre from surface Kitenge target is now defined over 1,500 metre strike length, including the high grade zone
Klondex Discovers a New “West Zone” with Significant Visible Gold Mineralization and 123.9 Grams/Tonne (3.6 oz/ton) Gold Over 1.5 Meters (5 feet)
Klondex Mines Ltd. (TSX: KDX or OTCQX: KLNDF), a Northern Nevada gold exploration and development company, announces the discovery of new gold mineralization at its flagship Fire Creek project. The discovery (Figure 1 click here) is approximately 165 meters (540 feet) west of the A-Vein mineralization, which forms part of the Main Zone, and represents a new unexplored zone. Klondex intersected 123.9 grams/tonne gold (3.6 oz/ton) over 1.5 Meters (5 feet) while completing a geotechnical drill hole for the design of the planned vent raise. Klondex also encountered visible gold mineralization in three locations in the area: on the left rib of the nearby drift (Figure 2), in a drill hole at the base of the access ramp 5370-RM (Figure 3), and in the geotechnical hole, approximately 6 meters (20 feet) above the access ramp (Figure 4) Click here for Figures 2, 3 & 4.
Metanor Intersects 29.63 g/t Over 4.42m, 14.79 g/t Over 14.02m and 19.19 g/t Over 8.48m at Its Bachelor Project
Metanor Resources Inc. ("Metanor") (TSX VENTURE:MTO) is pleased to release an update regarding the current drilling program at its Bachelor project.
Following the bulk sampling program of 5,000 tonnes in July (Refer to press release dated July 12th 2012), the company did significant progress in developing its underground infrastructure required to eventually begin its commercial production. In November 2012, the company began its long hole stoping activities in certain stopes, allowing the increase in monthly production (Refer to press release dated December 11th, 2012).
Gold Fields Releases Drilling Results from the Woodjam North Copper-Gold Property Drill Hole DH12-48 returns 255.0 m grading 1.91 g/t Gold Equivalent
Consolidated Woodjam Copper Corp. ("Woodjam Copper") (TSX-V: WCC) is pleased to report that Gold Fields Horsefly Exploration Corporation ("Gold Fields") a subsidiary of Gold Fields Limited (JSE, NYSE, NASDAQ, Dubai: GFI), has released assay data for the final 52 drill holes (totaling 16,214.82 m) of the 2012 drilling program on the Woodjam North Property (location maps for the drilling can be viewed at (www.woodjamcopper.com). A complete table of results is attached to this news release. The property is located approximately 45 km east of the City of Williams Lake, BC.
Eurasian Minerals Drills the Highest Grade Intercept to Date of 2.15 Meters Averaging 89.34 g/t Gold and 835.16 g/t Silver at the Akarca Project, Northwest Turkey
Eurasian Minerals Inc. (the "Company" or "EMX") (TSX VENTURE:EMX)(NYSE MKT:EMXX) is pleased to announce results from the first two holes of the 2012-2013 drill campaign at the Akarca gold-silver project in northwest Turkey. The results include an oxide intercept starting at surface of 36.4 meters averaging 5.67 g/t gold and 53.31 g/t silver, with a sub-interval of 2.15 meters averaging 89.34 g/t gold and 835.16 g/t silver that represents the highest grade intercept drilled to date on the property (true widths interpreted as 60-75% of reported interval length). The bonanza intercept highlights the project's high-grade gold-silver exploration potential. In addition, the Company's recent programs of geologic mapping and surface sampling have identified several new zones of gold-silver mineralization for follow-up drilling.
Deep Hole at Newman Todd Intersects 100 Meter-Wide Depth Extension of Newman Todd Gold-Bearing Structure to 932 Meters True Depth: New Winter-Spring Drilling Program Initiated
Confederation Minerals Ltd. (TSX VENTURE:CFM) -
HighlightsGold mineralization intersected at 832 meters true depth below surface Gold-hosting Newman Todd structure exhibits true width of 100 meters at 932 meters true depth Potential volume of gold-hosting Newman Todd structure significantly increased
Soltoro Drilling Intercepts 91.3 Metres of 129 gpt Silver Equivalent Including 11.2 Metres of 537 gpt Silver Equivalent in a Massive Sulphide Zone
Soltoro Ltd. (TSX VENTURE:SOL) has completed three additional diamond drill holes at the El Rayo primary silver project in Jalisco, Mexico. A 350 metre-deep hole was completed below the Las Bolas deposit and two holes were completed north of the La Soledad West deposit. At Las Bolas, 91.3 metres of 129 g/t silver equivalent was intersected including 11.2 metres of massive sulphide mineralization grading 537 g/t silver equivalent encountered 318.8 metres down hole. The deep hole at Las Bolas extends mineralization 70 metres down-dip from the nearest hole with a substantial increase in silver grades. At La Soledad, 0.3 metres of 3,320 g/t silver was returned extending the known high grade silver mineralization an additional 60 metres down dip.
Cliffmont drills significant gold discovery at La Julia of 10.5 metres averaging 5.90 g/t gold and 3.33 g/t silver of shallow mineralization at San Luis Project, Huila, Colombia
Cliffmont Resources Ltd. (TSX-V - CMO) ("Cliffmont" or the "Company") is pleased to announce drill results for holes SLD-17 and SLD-18 (373 metres) from the 2012 drill program on the San Luis Project in Huila Department, Colombia . The 2012 drill program was the first ever undertaken on the San Luis project.
"We are delighted with the new gold-silver discovery at La Julia. The mineralization occurs at very shallow depths, possibly in the sub crop, and is open in all directions. This discovery at La Julia is a testament to the untested potential at the San Luis Project," said Jeff Tindale President and CEO.
Nighthawk Reports 45.72 Metres of 1.84 g/t Gold Including 12.19 Metres of 3.24 g/t Gold and 4.27 Metres of 8.44 g/t Gold from Historical Drilling at Colomac
Nighthawk Gold Corp. ("Nighthawk") (TSX VENTURE:NHK) reports additional assay results from six holes drilled by Royal Oak Mines Inc. ("Royal Oak") in 1997 within the Colomac sill on Nighthawk's 100%-owned Colomac Gold Property ("Colomac Gold Project") in the Northwest Territories ("NWT"). Today's results and the previously reported results (see December 11, 2012 news release) further validate the historic assay results and confirm the high-grade nature of Zone 3.5 and its continuity to depth. To date 13 historic holes have been reported from a total of 20 historic holes being assayed. Results from the 7 remaining historic holes that were drilled north of this area will be released as they are finalized.
Eagle Hill Intersects 14.74 g/t Gold Over 17.9 Meters in Near Surface Mineralization at Windfall Lake
Eagle Hill Exploration Corporation (TSX VENTURE:EAG) ("Eagle Hill" or the "Company") is pleased to announce assay results from its 2012 drill program at the Windfall Lake Gold Deposit in Northwestern Quebec. The new results include wide intercepts of high grade gold mineralization occurring near surface as a series of parallel lenses. These results are part of a drill program designed to expand the size of the mineral resource estimation 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 2,906,000 tonnes at 8.76 g/t gold (822,000 ounces) as an inferred resource.
Pilot Gold Reports 6.59 g/t Gold Over 34.2 Metres at TV Tower
Drilling shows continuity of high-grade gold extending more than 100 metres
Pilot Gold Inc. (TSX:PLG) ("Pilot Gold" or the "Company") is pleased to report that infill drilling from holes to the southeast and down-dip to the northeast of KCD-50 returned significant intervals of high-grade gold, including one interval containing visible gold.
Drill highlights include:6.59 g/t gold (Au) over 34.2 metres in KCD-80, including 42.0 g/t Au over 3.7 metres; and 9.58 g/t Au over 4.5 metres
Bayfield Drills 15.0m of 11.06 g/t Gold and 57.05 g/t Silver in Rainy River, NW Ontario
Bayfield Ventures Corp. (TSX VENTURE:BYV)(PINKSHEETS:BYVVF)(FRANKFURT:B4N) is pleased to announce additional assays from the continuing exploration of its 100% owned Burns Block gold-silver project. The Company's Burns Block project is located in the Rainy River District of north-western Ontario and is ideally situated adjacent to the east of Rainy River Resources' main multi-million ounce gold-silver deposit and to the west of their expanding Intrepid gold-silver zone.
Rainy River District Gold Zones: www.bayfieldventures.com/i/maps/BYV-Burns-Gold-Zones-NOV-2012.jpg.
Colossus Minerals Intersects High Grade Gold Values in Diamond Drilling at Elefante
Colossus Minerals Inc. (TSX:CSI)(OTCQX:COLUF) reports assay results from the recent diamond drilling program on the Elefante area where earlier in the year auger drilling had returned values of gold, platinum and palladium. The Elefante area is located approximately two kilometres to the southeast of the Serra Pelada Gold-Platinum-Palladium Mine. The Serra Pelada Mine is a 75%/25% joint venture between Colossus and Cooperativa de Mineração dos Garimpeiros de Serra Pelada (COOMIGASP) located in the State of Pará, Brazil.
Pilot Gold Reports 14.9 g/t Gold Over 14.1 Metres From 50-Metre Step-Out Hole at TV Tower
Strong results extend gold zone along the north, northwest and south borders at KCD target in Western Turkey
Pilot Gold Inc. (TSX:PLG) ("Pilot Gold" or the "Company") is pleased to report that step-out core drilling along the north, south and northwest margins of the KCD target at TV Tower in western Turkey returned strong results and extend the zone of high-grade gold mineralization.
Drill highlights include:14.9 grams per tonne (g/t) gold (Au) over 14.1 metres in KCD-79, including 21.4 g/t Au over 8.6 metres;
Fire River Drills 3.34 Metres Grading 219.1 g/t Gold at Nixon Fork
Fire River Gold Corp. (TSXV: FAU), (OTCQX: FVGCF), (FSE: FWR) (the "Company", "Fire River") is pleased to announce results from its 2012 underground diamond drilling program (Figure 1 and 2) at its wholly owned Nixon Fork Gold Project in Alaska.
Tinka Drills 70 metres of 4.8% Zinc (Including 19 metres of 9.0% Zinc) and 18.5 metres of 6.6% Zinc at Ayawilca Project, Peru
Tinka Resources Limited (the "Company"), (TSXV - TK; Frankfurt - TLD; Pinksheets -TKRFF), announces additional results from the Company's ongoing drill campaign at the Ayawilca project located in west-central Peru.
Mr Carter said: "We are extremely pleased with these results as they continue to demonstrate the presence of strong zinc mineralization within the IP anomaly at Ayawilca. Drilling will continue to test the geophysical conductors."
Lupaka Gold Intercepts 10 Metres at 2.09 g/t Gold and 12 Metres at 3.17 g/t Gold in A-1 Zone at Crucero Gold Project
Lupaka Gold Corp. ("Lupaka Gold" or "the Company") (TSX:LPK) announces that it has received assay results from six additional drill holes from the completed 2012 drilling program on its Crucero Gold Project. Of the holes reported, all six were drilled on the A-1 resource zone. These holes along, with the remaining holes still to be assayed, will be incorporated into a NI 43-101 resource estimate update, expected in the first quarter of 2013.
DDH-39, in the southwest section of the A-1 Zone mineralized envelope, reported 10 metres at 2.09 g/t gold. DDH-40 in the northeast section on the A-1 Zone contains a significant width of 46 metres at 1.42 g/t gold. DDH-58, also in the northeast section of the A-1 Zone reported 12 metres at 3.17 g/t gold. The results confirm that the A-1 Zone mineralization is continuous along strike and to depth. See Figure 1 below for the A-1 Zone drill hole locations.
Orex Reports 2.7 Metres Grading 840 g/t Silver-Equivalent in a New Target Area on the Coneto Gold-Silver Project in Durango, Mexico
Orex Minerals Inc. (TSX VENTURE:REX) ("Orex"), is pleased to announce the results of the second batch of holes from the 12,000 metres Phase-II diamond drilling program on the Coneto Gold-Silver Project in Durango, Mexico. A technical committee, with representation of Orex and its project partner Fresnillo PLC (LSE:FRES) ("Fresnillo"), is managing this Phase-II program.
Hole BCO-11 yielded a high-grade Santo Niño vein intercept of core length of 3.30 metres (true width 2.70 metres) grading gold 4.34 g/t and silver 612 g/t, for a gold-equivalent of 16.00 g/t, or silver-equivalent of 840 g/t. Within this intercept is core length 1.20 metres (true width 0.98 metres) grading gold 11.77 g/t and silver 1,655 g/t, for a gold-equivalent of 43.29 g/t, or a silver-equivalent of 2,273 g/t.
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