Posts tagged "Drill"

Penny Stock News: Auryn Resources Inc. (GGTCF: OTCQX International) | Auryn Reports Remaining RAB Drill Results from 2016 Program and Identifies Two New High-Grade Boulder Trains at Anuri and Ridge Prospects

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Nov 25, 2016) – Auryn Resources Inc. (TSX:AUG)(OTCQX:GGTCF) (“Auryn” or the “Company) is pleased to announce results from its 2016 drill and boulder-sampling programs from its Committee Bay gold project located in Nunavut, Canada. Auryn successfully intersected gold in the majority of the RAB holes drilled across a set of east-west trending structures at Anuri that were the primary focus of the 2016 drill program. Highlights from the drilling include; 9.14 meters at 1.04g/t Au, 7.62m @ 1.05g/t, and 3.05m @ 2g/t Au (see Figure 1). The structure intersected is interpreted by Auryn to be a secondary structure based on the discovery of a new high-grade boulder train at Anuri that has a source along a prominent regional north-south trending fault zone adjacent to the 2016 drilling area (see Figure 1). The top 5 samples from the new boulder train are as follows: 45.9g/t Au, 41.5g/t Au, 33.3g/t Au, 14.55g/t Au, and 12.65g/t Au. Shawn Wallace, President and CEO stated, “The progress at the Committee Bay project achieved over the last two years has been significant. We have completed extensive surface work over 85% of the nearly 300km long greenstone belt and importantly have drastically reduced […]

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Posted by admin - November 25, 2016 at 9:24 pm

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Penny Stock News: Critical Elements Corp (CRECF: OTCQX International) | Critical Elements: High-Grade Lithium Drill Results at Lemare

- New spodumene pegmatite identified to the SW, 600 m strike, up to 4.26% Li2O in rock chip samples MONTREAL, QUEBEC–(Marketwired – Nov 24, 2016) – Critical Elements Corporation (“Critical Elements” or the “Company”) (TSX VENTURE:CRE) (OTCQX:CRECF) (FRANKFURT:F12) and Platypus Minerals Ltd (ASX: PLP) (“Platypus”) are pleased to announce positive results from the Stage 1 exploration program completed at the Lemare spodumene pegmatite located in the James Bay lithium district in Quebec, Canada (Figure 1). Platypus’ first exploration program at Lemare comprised 16 diamond drill holes, totaling 1,788 m of NQ core, drilled into the Lemare pegmatite along 8 lines spaced a nominal 50 m apart. In conjunction, a program of regional rock chip sampling was undertaken along the projected extension of the pegmatite beyond the bounding lake to the southwest (Figures 2 and 3). The drilling confirmed the presence of a high grade spodumene pegmatite that was initially identified by a series of channel samples. This pegmatite is seen to extend at least 300 m along strike and remains open to the NE. It is up to 20 m in true width and pinches and swells both along strike and down dip (Figures 4 and 5). The pegmatite is […]

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Posted by admin - November 24, 2016 at 8:37 pm

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Penny Stock News: Critical Elements Corp (CRECF: OTCQX International) | Critical Elements: High-Grade Lithium Drill Results at Lemare

- High-grade lithium confirmed by diamond drilling at Lemare – Results include 21 m @ 2.65% Li2O, 41.5 m @ 1.71% Li2O and 23 m @ 1.61% Li2O – All lithium mineralisation contained within spodumene – Main pegmatite extended to 300 m length, and open to the northeast – New spodumene pegmatite identified to the SW, 600 m strike, up to 4.26% Li2O in rock chip samples MONTREAL, QUEBEC–(Marketwired – Nov. 24, 2016) – Critical Elements Corporation (“Critical Elements” or the “Company”) (TSX VENTURE:CRE) (OTCQX:CRECF) (FRANKFURT:F12) and Platypus Minerals Ltd (ASX: PLP) (“Platypus”) are pleased to announce positive results from the Stage 1 exploration program completed at the Lemare spodumene pegmatite located in the James Bay lithium district in Quebec, Canada (Figure 1). Platypus’ first exploration program at Lemare comprised 16 diamond drill holes, totaling 1,788 m of NQ core, drilled into the Lemare pegmatite along 8 lines spaced a nominal 50 m apart. In conjunction, a program of regional rock chip sampling was undertaken along the projected extension of the pegmatite beyond the bounding lake to the southwest (Figures 2 and 3). The drilling confirmed the presence of a high grade spodumene pegmatite that was initially identified by a series […]

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Posted by admin - November 24, 2016 at 2:43 pm

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Penny Stock News: West Red Lake Gold Mines, Inc. (RLGMF: OTCQB) | WEST RED LAKE GOLD STARTS FALL EXPLORATION DRILL PROGRAM

WEST RED LAKE GOLD STARTS FALL EXPLORATION DRILL PROGRAM Sep 22, 2016 OTC Disclosure & News Service Toronto, ONT, Canada This release includes additional documents. Select the link(s) below to view. RLG NR Fall 2016 Exploration Plan. Sept 22, 2016.pdf Copyright © 2016 OTC Markets. All Rights Reserved The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases. OTC Markets Group – News, Filings & Corporate Actions

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Posted by admin - September 23, 2016 at 5:18 am

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Penny Stock News: Golden Arrow Resource Corp. (GARWF: OTCQB) | Golden Arrow Reports Phase VI Drill Results Free Up Ground for Mine Development and Confirm Chinchillas South Mineralization

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Sep 7, 2016) – Golden Arrow Resources Corporation (TSX VENTURE:GRG)(FRANKFURT:GAC)(OTCQB:GARWF)(WKN:A0B6XQ), “Golden Arrow” or the “Company”) is pleased to announce the results of assaying of the first twenty-four drill holes in the Phase VI drilling program at the Chinchillas Silver Project in Jujuy Province, Argentina. The drilling program is part of the Chinchillas Project pre-development activities, funded by Silver Standard, which are being undertaken to evaluate the feasibility of creating a combined mining business with Silver Standard’s Pirquitas mine, as announced October 1st, 2015. The objective of the drill program is exploration for resource potential as well as condemnation of certain areas for future mine infrastructure. Drill targets included the Chinchillas South area where seven previous drill holes had returned significant zinc and silver intervals up to 1.5 kilometres away from the main Chinchillas deposit. “Phase VI drilling has confirmed that the area planned for surface infrastructure is devoid of significant near-surface mineralization. However the area is underlain by narrow high grade structures found over a 440 metre by 120 metre area that are similar in style to those found at Pirquitas. This mineralization, along with Breccia Dome target to the north provides future resource potential,” commented […]

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Posted by admin - September 7, 2016 at 2:03 pm

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Penny Stock News: Blox, Inc. (BLXX: OTCQB) | Blox Inc.: Further High Grade Drill Results from Infill Sampling Over the Mansounia Gold Project, Guinea, West Africa

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Dec 23, 2015) – Blox Inc. (OTCQB:BLXX) – Highlights 122 Infill samples taken on existing diamond core has resulted in further broad high grade oxide supergene mineralisation being intersected near surface (less than 60m depth from natural surface), including 38m at 0.94 g/t Au from 22m in drill hole MDD013 and 28m at 3.65 g/t Au from 6 to 34m with 2m at 40.84 g/t Au from 28 to 30m in drill hole MDD016. 63% of samples (77 out of 122 samples tested) taken returned in-excess of 0.4 g/t Au (proposed heap leach economic ore grade). Of the mineralised 77 samples which exceed the proposed ore grade of 0.4g/t Au, the average grade is 1.36 g/t Au which also exceeded expectation pointing toward grade upside. Infill sampling upon the Mansounia diamond core is 100% complete with results confirming the continuity of mineralisation near surface and indicating a potential for an upgrade in near surface resources. Blox Inc. (“Blox” or the “Company”) is again pleased to announce further high grade results from the near surface infill sampling campaign completed recently which focused on further defining the near surface supergene mineralisation continuity. The sampling program commenced and was […]

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Posted by admin - December 23, 2015 at 6:32 pm

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Penny Stock News: Commerce Resources Corp. (CMRZF: OTCQX International) | Commerce Resources Corp. Updates Phase II of the 2015 Drill Program at the Ashram Rare Earth Deposit

VANCOUVER, Sept. 14, 2015 /CNW/ – Commerce Resources Corp. (TSXv: CCE, FSE: D7H, OTCQX: CMRZF) (the “Company” or “Commerce”) is pleased to provide an update on the second phase of the 2015 drill program underway at its 100% owned Ashram Rare Earth Deposit located in northern Quebec.  To date, 17 drill holes (EC15-140 through 156), totalling approximately 732.14 m (8 HQ holes for 351.95 m, 9 NQ holes for 380.19 m) have been completed. The objective of the Phase II program is to complete the field work relating to resource infill, mine-site infrastructure assessment, and hydrogeological testwork as part of the ongoing Pre-feasibility Study (PFS). The Company has now completed the planned mine-site infrastructure assessment program. This included a geotechnical drill and sampling program, condemnation drill holes, mapping, and monitoring well nest installations. The majority of this work was completed at the proposed process plant and tailings management facility (TMF) option sites, but also included ground evaluation of the proposed dyke and airstrip locations. Drilling over these areas (process plant and TMFs) totalled 529 m over 16 holes, with most holes completed to shallow depths from 5 to 60 m (15 holes) and one to a depth of 143 m for condemnation […]

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Posted by admin - September 14, 2015 at 8:59 am

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Penny Stock News: Novo Resources Corp (NSRPF: OTCQX International) | NOVO ANNOUNCES FURTHER SHALLOW DRILL RESULTS INCLUDING 1 M OF 32.31 GPT GOLD

NOVO ANNOUNCES FURTHER SHALLOW DRILL RESULTS INCLUDING 1 M OF 32.31 GPT GOLD Apr 09, 2015 OTC Disclosure & News Service Vancouver, BC, Canada – Novo Resources Corp. Suite 1980 – 1075 West Georgia Street Vancouver, BC, V6E 3C9   NOVO ANNOUNCES FURTHER SHALLOW DRILL RESULTS INCLUDING 1 M OF 32.31 GPT GOLD   VANCOUVER, BC, April 9, 2015 – Novo Resources Corp. (CSE: NVO; OTCQX: NSRPF) (“Novo” or the “Company”) is pleased to announce new assay results from shallow oxide drill holes at its Beatons Creek gold project near Nullagine, Western Australia (please see attached Drill Hole Map).  Intercepts include 3 m @ 3.40 gpt Au in hole BCRC14-283, 1 m @ 27.79 gpt Au in hole BCRC14-284, 2 m @ 6.92 gpt Au including 1 m @ 12.76 in hole BCRC14-285, 3 m @ 8.19 gpt Au in hole BCRC14-306, 1 m @ 32.31 gpt Au and 2 m @ 3.60 gpt Au in hole BCRC-307, 5 m @ 3.44 gpt Au including 2 m @ 7.69 gpt Au in hole BCRC14-318 and 4 m @ 3.05 gpt Au including 1 m @ 9.30 gpt Au in hole BCRC14-320 (please see Reverse Circulation Drill Results table below). As […]

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Posted by admin - April 9, 2015 at 5:54 pm

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Penny Stock News: Crocodile Gold Corp. (CROCF: OTCQX International) | Crocodile Gold Reports Substantial High-Grade Drill Results Inclusive of Visible Gold at Fosterville Gold Mine

TORONTO, ONTARIO–(Marketwired – Feb 2, 2015) – Crocodile Gold Corp. (TSX:CRK)(OTCQX:CROCF)(FRANKFURT:XGC)(“Crocodile Gold” or the “Company”) today announced the results for 138 drill holes, totaling 31,550 metres (“m”) completed during the course of a US$ 5.6 million exploration drill program at Fosterville Gold Mine (“Fosterville”). The drill program completed continued to focus on the Phoenix and Lower Phoenix targets. The results announced today include 14 holes reporting high-grade gold intercepts. Key Highlights High-grade drill intercepts for newly identified East Dipping Faults and Kestrel Structures which respectively include 55.57(1) g/t Au over 8.5m (ETW 4.62m) and 12.06 g/t Au over 2.70m (ETW 2.06m). These structures occur below the Phoenix and Lower Phoenix Faults, and in the case of the East Dipping Faults, visible gold occurs in addition to the more common disseminated sulphide gold mineralization. The drilling program also confirmed continuous mineralization along the newly identified structures. High-grade Lower Phoenix Footwall Fault intercepts identify significant gold mineralization over an 80m vertical extent with the most northern intercept approximately 240m along-strike (down-plunge) from current mineral reserves. Lower Phoenix Footwall structure intercepts include 123.10(1) g/t Au over 9.45m (ETW 3.99m), 51.34(1) g/t Au over 6.80m (ETW 6.0m), and 294.23(1) g/t Au over 1.85m (ETW […]

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Posted by admin - February 2, 2015 at 1:37 pm

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Penny Stock News: Metals X, Ltd. (MLXEF: Grey Market) | Stunning Drill Results from Rover 1

Stunning Drill Results from Rover 1 Jan 08, 2015 OTC Disclosure & News Service West Perth, WA, Australia This release includes additional documents. Select the link(s) below to view. 20150109 Drill Results from Rover 1.pdf Copyright © 2015 OTC Markets. All Rights Reserved The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases. OTC Markets Group – News, Filings & Corporate Actions

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Posted by admin - January 9, 2015 at 2:00 am

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