Detour Gold Announces Positive Results From Its 20m X 20m Infill Drilling Test Block at Detour Lake in Ontario
Detour Gold Corporation (TSX: DGC) ("Detour Gold" or the "Company") is pleased to report positive results from its infill drilling program on a 20 metre by 20 metre grid in the eastern portion of the Detour Lake deposit (West Pit area). The drilling program of 8,101 metres (53 holes) was completed in the last quarter of 2008 to infill an area of 80 metres along strike (19,420E to 19,500E) by 370 metres in width (north-south), from surface to a depth of 160 metres (referred to as the "20m X 20m Test Block").
Overall, the results of the 20m X 20m Test Block when compared to the previous 40m x 40m drill hole spacing confirm the following:
Addax Petroleum announces record well test in Taq Taq appraisal program
TT-10 appraisal well generates record aggregate rate of 44,240 barrels per day
Addax Petroleum Corporation ("Addax Petroleum" or the "Corporation") (TSX:AXC and LSE:AXC) today announced flow test results for the TT-10 well, the seventh Cretaceous appraisal and development well drilled on the Taq Taq field by Taq Taq Operating Company, the joint venture company formed by Genel Enerji A.S. ("Genel") and Addax Petroleum to carry out the petroleum operations in the Taq Taq license area.
Commenting, Jean Claude Gandur, President and Chief Executive Officer of Addax Petroleum said: "We are extremely pleased to have achieved record aggregate test rates from the most recent Cretaceous appraisal well at Taq Taq.
El Gallo Returns Deepest High-Grade Intercept 20.8 opt Silver Over 14.3 ft
US GOLD CORPORATION (TSX: UXG)(NYSE Alternext US: UXG)(FRANKFURT: US8) is pleased to announce that core drilling at the El Gallo project in Sinaloa State, Mexico, has returned the deepest high-grade silver intersection to date. Testing below the previous limits of the mineralization returned: 20.8 ounces of silver per ton (opt) (713.1 grams per tonne (gpt)) over 14.3 feet (ft) (4.4 meters (m)).
Hole GAX012 intersected two separate zones of high-grade silver mineralization, with the deepest being at a vertical depth of 380.0 ft (115.0 m). The deepest intersection was the most significant with an average grade of 20.8 opt silver (713.1 gpt) over 14.3 ft (4.4 m), including 73.8 opt silver (2,530.0 gpt) over 2.5 ft (0.8 m). This intersection extended mineralization vertically by 65.0 ft (20.0 m).
New Discovery at Matagami: 2.20% Copper, 8.8 g/t Silver, 0.25 g/t Gold Over 3.95 Metres in Massive Sulphides
Mr. Harvey Keats, Chief Executive Officer of Donner Metals Ltd. (TSX VENTURE: DON)(FRANKFURT: D4M), reports that diamond drilling has discovered massive sulphide mineralization in the Daniel-1 area during testing of regional geophysical anomalies 16 kilometres northwest of Xstrata's operating Perseverance Mine and 26 kilometres northwest of the Matagami Mill. Diamond drill hole DAN-09-10 intersected 3.95 metres of massive sulphides grading 2.20% copper, 0.09% zinc, 8.8 g/t silver and 0.25 g/t gold from 345.13 to 349.08 metres. Mineralization is at 320 metres vertical depth from surface and is hosted within felsic and mafic volcanic/volcanoclastic rocks. The mineralization encountered by drilling at Daniel-1 is outside of the three Matagami mineralized belts (North Flank, South Flank and West Camp) and further demonstrates the potential for new discoveries in this well established camp.
Ventana Announces Further La Bodega Drill Results-48.00 Metres of 5.35 g/t Au
Ventana Gold Corp. (TSX: VEN) ("Ventana" or "the Company") is pleased to provide drill results from holes 86 through 94 on its flagship 185-hectare La Bodega property, part of its ongoing gold exploration program in the California-Vetas gold mining district located in northeast Colombia. Of particular note are the results of drill holes 91 and 94, step-out holes drilled from the same location which have extended the La Mascota mineralization an additional 125 metres to the southwest.
Hole 91 cut two strongly mineralized zones, separated by 28 metres, which contained 7.37 grams per tonne gold over 26.00 metres and 8.68 grams per tonne gold over 22.00 metres.
Potash One's Resource Confirmation Wells Average a Total of 32.4 Meters of Potash Mineralization With Average Grade of 17.7% K2O
Potash One Inc. (the "Company" or "Potash One") (TSX: KCL) is pleased to announce that the company has completed the resource confirmation drilling program on the Southern Area of the 100% owned 97,240 acre Potash One Legacy Project. All 6 drill holes are located within an area of approximately 35 km2 on a 3.2 km (2 mile) spacing that forms the Resource Confirmation Area (RCA). Results of the resource confirmation drilling are summarized in Table 1:
North American Tungsten Continues to Intersect High Grade Mineralization at Cantung Mine
Highlights: Continued expansion of the new mineralized zone to the east and west. - The mineralized zone has expanded above the 3700 Level to the west. - Exploration drift on 3700 Level is approximately 100 ft east of western most intersection. - New mineralization is west of any underground workings and is open in three directions. - Hole U-1655 intersects 62.3 feet at 2.45% WO3, including 33.4 feet at 4.02% WO3.
North American Tungsten Corporation Ltd. (TSX VENTURE: NTC.V) ("the Company") is pleased to announce that the Q1-09 Cantung Mine exploration and delineation drill program continues to intersect high grade tungsten mineralization.
Mart Resources Announces UMU-5 Initial Test Results
Mart Resources, Inc. (TSX VENTURE:MMT) and its partners, Midwestern Oil and Gas Company PLC (Operator) and Suntrust Oil Company Nigeria Limited, are pleased to report encouraging initial test results from the first production test on the UMU-5 well located at the Umusadege field in the Niger Delta of Nigeria.
The first test on the UMU-5 well was conducted on the IX oil zone for a duration of 17 hours. During the test, the well flowed at rates up to 3,200 barrels per day of 48 API gravity oil through 2 7/8 inch tubing on a 32/64" choke at a flowing tubing pressure of 625 PSI. Water production was less than 0.2% and the gas/oil ratio was approximately 80 standard cubic feet per barrel. Mart and its partners are currently undertaking an additional production test in the VII oil zone, located uphole of the IX oil zone.
Canadian Superior Announces Initial Flow Test Results From "Endeavour" Well Offshore Trinidad
Canadian Superior Energy Inc. ("Canadian Superior", the "Company") (TSX: SNG)(NYSE Alternext US: SNG) is pleased to announce today that after extensive preparations flow testing of the "Endeavour" well offshore Trinidad on the "Intrepid" Block 5(c) commenced on March 1, 2009. During the initial flowing period of approximately 16 hours, a peak flow rate of 60.1 MMscf/d was obtained, which is the maximum rate allowed under the testing equipment specifications. A final flow rate of 56.4 MMscf/d was measured with a 48/64 inch choke with a FWHP of 4122psi. Multiple flow rate testing will be conducted over the next few days. The well has flowed "dry" natural gas with a gas gravity of approximately 0.584, approximately 0.3% CO2 with no production of water, condensate or solids, during this initial flow period.
Hathor Drills 15 Metres of 12% U3O8 at Roughrider Zone
Hathor Exploration Limited (TSX-V: HAT) is pleased to announce initial winter 2009 drill program assay results that grade up to 70.7% U3O8 from the Roughrider Zone on its 90% owned Midwest NorthEast uranium property.
Hathor's winter 2009 drill program began in January and assay results for 16 drill holes have been received. Ten of the 16 drill holes were in-fill, grid-drilling that targeted the Roughrider Zone. Nine of these holes intersected uranium mineralization.
Highlights from U3O8 assayed core-length intervals(i) (using a 0.05% U3O8 cut-off grade) include:
American Bonanza Gold Corp.: Highest Grades Drilled to Date at Copperstone
American Bonanza Gold Corp. (TSX:BZA) ("Bonanza") has drilled the highest gold grades yet obtained at the 100% owned Copperstone Project in Arizona. Drill hole 08CS-50 encountered a 5.8 meter structural zone with an average grade of 227.7 grams per tonne gold (6.6 ounces of gold per ton) in the South Pit gold zone. The South Pit gold zone is the second new gold zone discovered at Copperstone during recent exploration drilling, and is adjacent to the south end of the open pit, which produced one-half million ounces of gold between 1987 and 1993.
The South Pit zone as currently understood is at least 300 meters long and is open to expansion along strike and up and down dip.
Goldsource Announces New Coal Discovery at Border Project, Saskatchewan; Split-Leaf Area Produces 35.3 Metre Coal Zone Intercept
Goldsource Mines Inc. ("Goldsource" or the "Company") (TSX VENTURE:GXS) is pleased to announce a new coal discovery in the Split-Leaf area (sub-basin) on its wholly-owned Border Project located near Hudson Bay, Saskatchewan, Canada.
The Split-Leaf sub-basin is located approximately 7 kilometres south from the Chemong sub-basin area where Goldsource drilled a 132.6 metre coal zone intercept announced on February 26, 2009 and approximately 11.5 kilometres from the Pasquia sub-basin area where recent drilling has indicated coal zone continuity over a 2 square kilometre area (to see attached map, please click on the following link: http://media3.marketwire.com/docs/gxs.pdf). The Pasquia area remains open in all lateral directions as announced by the Company on February 27, 2009.
InterOil Antelope-1 Well Flows at Record Gas Rate Of 382 MMcfd With 5,000 Bbls Per Day of Condensate
InterOil Corporation (AMEX:IOC) (POMSoX: IOC) today announced that its Antelope-1 well flowed at 382 million cubic feet of natural gas per day (MMcfd) with 5,000 barrels of condensate per day (BCPD) for a total 68,700 barrels of oil equivalent per day (BOEPD), setting a new record rate for the country of Papua New Guinea. The flow test recorded a maximum calculated rate at 545 MMcfd for a dry gas reading through a 6 inch capacity choke that was only opened to 3 1/2 inches or about 30% of capacity. Conservatively adjusting the dry gas flow rate of 545 MMcfd to compensate for 13 Bbls of condensate per MMcf results in the 382 MMcf effective gas flow rate reported above.
Goldsource Announces Coal Continuity Developing in Pasquia Sub-Basin, Border Project, Saskatchewan; Drilling Intersects Combined Coal Thickness of 56.2m
Goldsource Mines Inc. (TSX VENTURE:GXS) ("Goldsource" or the "Company") is pleased to announce that recent drilling is developing potential coal continuity over an open-ended area of approximately 2 square kilometres at the Border Project located near Hudson Bay, Saskatchewan, Canada. This area is currently open to further coal definition in all lateral directions. Drilling will continue to delineate this coal deposit which is located in the Pasquia sub-basin approximately 3.5 kilometers northwest of the Chemong area of the Border Project where a 132.6 meter coal zone intercept was announced on February 26, 2009.
Golden Chalice Announces New Nickel Discovery on Langmuir
Golden Chalice Resources (TSX-V: GCR) (PINKSHEETS: GCRIF) (the "Company") is pleased to announce the discovery of new nickel mineralization at its wholly owned Langmuir Property located approximately 35 km southeast of Timmins, Ontario. (See Figure 1.)
To view the image, click on the link or copy and paste into your browser. http://www.usetdas.com/maps/goldenchalice/figure1.jpg
The first hole of the 2009 drilling program has intersected a massive sulphide zone with high-grade nickel about 1.5 km east of the Langmuir Discovery Zone where initial drilling in May of 2007 had intersected 1.14% nickel over 72.5 meters. (See Figure 2.)
Nevada Copper-Reports High-Grade Drill Results in the South Deposit: 48.5 Meters (159.0 ft) @ 1.40% Copper
Nevada Copper Corp. (TSX: NCU) ("Nevada Copper") is very pleased with the recent drill results from the open pit South and Southeast Deposits at its 100% owned Pumpkin Hollow Copper Development Property located in Nevada. The drilling continues to confirm and improve the resource status of the South and Southeast Deposits. The ten holes presented below represent the remaining results from the 2008 drill program for the South and Southeast Deposits.
Drill hole NC08-52 was drilled in the South Deposit to follow-up and expand on the shallow high-grade copper mineralization discovered during the 2007 drill program.
Keegan Receives Excellent New Results From 2008 Esaase Gold Property Drill Program
Keegan Resources Inc. ("Keegan") (TSX: KGN)(NYSE Alternext US: KGN)is pleased to announce the balance of the results from its 2008 infill and exploration drilling program at the Esaase property. Highlights include 26 m @ 2.51 g/t Au and 23 meters @ 3.37 g/t Au from the exploration drilling and 55 meters of 2.22 g/t Au and 99 meters of 1.04 g/t Au from down dip stepout holes in the main zone. The highlighted results in the table below were obtained from drilling down dip of the current 43-101 resource. Please see www.keeganresources.com for a drill hole location map.
Table 1: Intercepts from resource expansion drilling program at the Esaase property having a minimum grade-width of approximately 10 g/t Au x meter. Intercepts with grade-widths of approximately 40 g/t Au x meter or higher are marked with (i). Distances are in drilled meters and grades reported in g/t Au.
Queenston Hits High-Grade in Deep Drilling at AK Property
Queenston Mining Inc. (TSX: QMI)(FRANKFURT: QMI)(STUTTGART: QMI)(BERLIN: QMI) ("Queenston" or the "Company") announces that surface drilling has intersected significant gold mineralization on the 100% owned AK property located in Teck Township, Kirkland Lake, Ontario. The property lies adjacent to the South Claims joint venture property where Kirkland Lake Gold Inc. ("KL Gold") (50%) and Queenston (50%) have outlined and continue to expand a high-grade gold resource in the New South Mine Complex ("SMC") (Figure 1).
Minco Continues to Release Excellent Drill Results From Changkeng
Minco Gold Corporation (the "Company" or "Minco Gold") (TSX: MMM)(NYSE Alternext US: MGH)(FRANKFURT: MI5) is pleased to report additional assay results of diamond drill holes completed for the Changkeng Gold Project located in Guangdong Province, China. The Company conducted a comprehensive exploration program on the project including approximately 12,000 metres of combined step out and in-fill diamond drilling in 61 holes. These 20 holes were primarily designed to confirm the earlier wider spaced positive drill results to a higher confidence level and to extend mineralization down dip.
Gold Assay Value Increases to 206.50 g/t Gold Over 1.24 Metres From 20.65 g/t Gold After Assay Lab Corrects Typographical Error on Certificate
Corrected Interval Equates to 14.51 g/t Gold over 46.96 metres
Northern Freegold Resources Ltd. (TSX VENTURE:NFR) announces that due to a typographical correction from the lab for assay certificate AW2008-8069, the company is pleased to announce that the gold assay result from previously released drill hole GRD08-073 encompassing the interval from 143.84 m to 145.08 m (1.24 m) has been corrected to 206.50 g/t gold from 20.65 g/t gold (see table in press release dated July 29th, 2008). This correction has resulted in Hole GRD08-073 returning 46.96 m of 14.51 g/t gold instead of 46.96 m of 9.60 g/t gold (as previously announced prior to notification from the lab of this typographical error; see press release dated July 29th, 2008).