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.
Imperial's Underground Drilling at Mount Polley Boundary Zone Intersects 4.73% Cu and 2.61 g/t Gold Over 12.8 Metres
Imperial Metals Corporation (TSX:III) reports results from 2012 Mount Polley mine site exploration at the Boundary zone which continues to demonstrate the discovery potential at this established mining property.
Underground drilling(1)(2) in the Boundary zone workings was initiated in early November to explore and further define mineralization at Zuke zone, which is near but not included in the Boundary zone mineralization currently being prepared for underground test mining. All the drilling from two of the three drill stations at 812 level intersected breccia hosted copper/gold mineralization, confirming continuity and extending the known limits of the Zuke zone. The Zuke zone is currently modelled as two steeply dipping breccia lenses, approximately 8 metres wide, 30 metres high and 75 metres long.
SilverCrest Discovers Bonanza Grades and New Zone at Santa Elena 15.6m @ 23.9 gpt Au and 307.9 gpt Ag Including 2.3m @ 157.3 gpt Au and 1,610.5 gpt Ag
SilverCrest Mines Inc. (TSX VENTURE:SVL)(NYSE MKT:SVLC)(NYSE Amex:SVLC) (the "Company") is pleased to announce results of further drilling at the Santa Elena Mine in Sonora, Mexico. Eighty seven holes of a planned 100 holes have been completed to re-categorize Indicated and Inferred Resources to Probable Reserves and expand current underground Resources. This drill program continues to be extremely successful and several recent holes have identified multiple bonanza grade intercepts and a new high grade gold and silver zone that lies below and is sub-parallel to the Main Mineralized Zone currently being mined. All holes included in this program will assist with resource confirmation and reclassification which will be included in the upcoming Pre-Feasibility Study for the Santa Elena Expansion Project.
Caza Oil & Gas Announces Initial Production Forehand Ranch Bone Spring Test Well
Caza Oil & Gas, Inc. ("Caza" or the "Company") (TSX:CAZ)(AIM:CAZA) is pleased to provide a production update for the Company's Forehand Ranch 27 State Com No. 1H horizontal Bone Spring well on its Forehand Ranch Prospect in Eddy County, New Mexico.
The Forehand Ranch 27 State Com No. 1H horizontal Bone Spring well was fracture stimulated in the 2nd Bone Spring Sand in twelve stages and has been producing under controlled flowback for two weeks. The well continues to clean up, but production has stabilised. In the past 24 hours, the well recovered hydrocarbons and frac fluids at a gross rate of approximately 1,631 barrels (bbls), producing 170 bbls of oil, 103 thousand cubic feet of natural gas, which equates to 187 bbls of oil equivalent, and 1,444 bbls of frac fluid.
Endeavour Silver Drilling Extends High Grade Silver-Gold Mineralization on the San Sebastian Property in Jalisco State, Mexico
Drilling Intersects 301 gpt Silver and 0.32 gpt Gold Over 16.2 m True Width
Endeavour Silver Corp. (TSX:EDR)(NYSE:EXK)(FRANKFURT:EJD) announces that exploration drilling on the San Sebastian property in Jalisco State, Mexico has now extended the recently discovered high grade silver-gold mineralization in the Terronera vein to more than 900 meters (m) long by 300 m deep, still open for expansion.
Step-Out Drilling at TV Tower Returns 8.64 g/t Gold Over 10.5 Metres, Extends High-Grade Mineralization 50 Metres Southeast
New assay results expand area of gold mineralization at Pilot Gold's KCD target
Pilot Gold Inc. (TSX:PLG) ("Pilot Gold" or the "Company") is pleased to report that new assay results from seven diamond drill holes at the Kucukdag (KCD) target show long runs of strong gold, silver and copper grades and further extend an area of shallow, high-grade gold mineralization at the TV Tower project in western Turkey.
Recent drill highlights include:2.79 g/t gold (Au), 10.1 g/t silver (Ag) and 0.67% copper (Cu) over 61.3 metres in KCD-65, including
Colt Resources intersects 8.39g/t over 6.88m* and 33.2 g/t over 1.7m* at its Banhos Deposit in the 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 for 27 diamond drillholes from its ongoing drilling campaign on the Banhos gold deposit, located within the Company's 100% owned 47Km2 Boa Fé Experimental Mining License (EML) in southern Portugal. Colt's 100% owned (728Km2) Montemor Gold exploration concession completely surrounds the Boa Fé EML.
Solvista Gold Continues to Expand its Gold-Copper Discovery at Caramanta Results Include 160.2 Metres at 1.79 g/t Gold Equivalent with 67.4 Metres at 2.75 g/t Gold Equivalent
Solvista Gold Corporation ("Solvista" or the "Company") (TSX VENTURE:SVV)(OTCQX:SVVZF) is pleased to announce the assay results from the latest seven drill holes completed at its gold-copper discovery at El Retén, one of a number of targets the Company has defined within the Caramanta Porphyry Cluster at its Caramanta Project. These results further support the Company's model for the Caramanta Project to host potentially large mineralizing systems and to generate new gold-copper porphyry discoveries in the Middle Cauca Belt of Colombia.
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