Gammon Lake Resources GAM-TSE Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gammon Lake Resources GAM-TSE

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Buckey who wrote ()	8/10/1999 11:02:00 AM
From: Buckey	of 116

Gammon Lake Resources Inc - Gammon Lake receives Brenda Mine drill results Gammon Lake Resources Inc GAML Shares issued 10,283,273 1999-08-09 close $2.28 Tuesday Aug 10 1999 Mr. Terence Donahoe reports Gammon Lake Resources has achieved significant intercepts in each of the first eight holes from the phase II diamond drill program at the Brenda Mine Ocampo project. Assay results from Chemex Labs of Vancouver continue to confirm excellent grades. Hole BR-99-12 returned 53 metres of 2.8 grams per tonne gold equivalent which included 22 metres of 4.8 g/t gold equivalent. Hole BR-99-11 returned a high-grade intersection of nine metres of 10.2 g/t gold equivalent which included a significant intersection of four metres of 20.4 g/t gold equivalent. Hole BR-99-13 contained an intersection of 19 metres at 2.6 g/t gold equivalent. The drilling program continues at the Brenda Mine Ocampo project with Major Drilling Limited as the drilling contractor. Gammon Lake will release results from the remaining holes in phase II upon receipt of assay reports from Chemex Labs which are expected in the next two weeks. Recently reported bulk samples which total 1,574.3 tons have produced a gold equivalent average grade of 12.5 g/t obtained from a width of two metres to six metres. The drill, bulk sampling and earlier geological mapping programs have produced a consistent picture of an excellent exploration property since the drill program intersected mineralization where it was mapped and bulk sampled. Management believes that results indicate the potential for a high-grade open pitable operation. DRILL HOLE SUMMARY Drill Intercept Gold Hole Depth Interval g/t (metres) BR-99-14 0-1 1 31.4 BR-99-13 15-34 19 0.9 Containing 25-33 8 0.9 BR-99-12 6-59 53 1.2 Containing 17-39 22 1.4 BR-99-11 13-22 9 3.9 Containing 13-17 4 7.5 Hole BR-99-11 ended in mineralized zone (abandoned before depth due to technical difficulties) BR-99-10 43-44 1 6.0 BR-99-9 18-19 1 1.1 BR-99-8 32-35 3 2.5 BR-99-7 13-14 1 2.2 DRILL HOLE SUMMARY Silver Gold equivalent Hole g/t g/t* BR-99-14 110.0 33.5 BR-99-13 89.7 2.6 Containing 155.3 3.9 BR-99-12 86.0 2.8 Containing 178.1 4.8 BR-99-11 330.1 10.2 Containing 678.9 20.4 BR-99-10 70.6 7.3 BR-99-9 15.4 1.4 BR-99-8 143.7 5.2 BR-99-7 70.8 3.5 *Factor is 100 grams silver as being equivalent to 1.9 grams of gold. Gammon Lake's recent diamond drill program and bulk sampling at the Brenda Mine project at Ocampo, Chihuahua State, Mexico have reinforced the strong potential for these claims to host a low sulphide epithermal gold and silver deposit with excellent grade to depth. Recent geological mapping has indicated in excess of four kilometres of structure within the company's Ocampo claim group. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next