Its still trading, .20 U S, if you want to buy.
I am here for long term, all I have to do is think about all the leased gold,that was sold and has to be paid back,!! I
think about Damoti, Zopilote, and it makes me want to buy into some undervalued assets.
I get Gold fever just thinking about more drilling at Damoti,
XXXXXXXXXXXXXXXXX
High Grade Mineralization Confirmed at Damoti
Lake Project
RENO, NEVADA--Standard Mining Corp has completed the
underground drilling segment of its summer program at Damoti Lake,
north of Yellowknife in the Northwest Territories, Canada.
Twenty- three out of thirty-five underground drill holes
encountered mineralization in excess of 0.1 ounces of gold per
ton. The most notable drill hole, UGD96-31, encountered 28 feet
of 4.201 ounces of gold per ton. This interval, which far exceeds
a previous award winning intercept, included assays of 7.85, 12.10
and 27.22 ounces of gold per ton. In some drill holes, the
thicknesses as indicated in the following table represent the
additional extent of mineralization thickness beyond the walls of
a 10 ft. x 10 ft. drift which has already passed through the
mineralized zone. Based on these significant assay results Quest
is confident that the property, as explored to date, contains
greater than the 600,000 ounces of gold originally projected.
XXXXXXXXXXXXXXXX
Zopilote, News
Standard Mining reveals new gold soil anomaly
Standard Mining Corp
SDM
Shares issued 0
1999-09-22 close $0.225
Thursday Sep 23 1999
Mr. Paul Saxton reports
Soil sampling at the company's 150-square-kilometre Zopilote gold property in
Honduras has revealed an extensive new gold soil anomaly. The new anomaly
occurs mainly along the Calpules lineament and is larger than the existing gold
anomaly over the known Zopilote gold deposit that currently has a combined gold
resource of 446,000 ounces of gold. Since January of this year, additional
reconnaissance soil samples have been collected on 100 metre spacing over three
kilometres. Assay results show excellent correlation of anomalous gold values
along liner trends. The Zopilote property lies within the northeast-trending
Motagua gold trend, which encompasses Geomaque's nearby Vueltas del Rio
gold deposit (under development), Greenstone's new San Andres gold mine, and
Glamis Gold's discovery at Cerro Blanco in Guatemala. This gold trend hosts
significant gold resources and reserves. The trend is over 300 kilometres in length
and is only partially explored.
Calpules soil anomaly
Reconnaissance soil sampling has identified a continuous gold anomaly (greater
than 100 parts per billion Au) along the east/west Calpules topographic lineament.
The anomaly is 3,000 metres in length, up to 500 metres in width, and remains
open to the east along the trace of the lineament. Soil values are commonly 200 to
700+ ppb Au with a high value to date of 1.62 grams per tonne Au. Local soils
are thin (15 to 25 centimetres) and rest directly on shattered
quartz-feldspar-muscovite gneiss of the Cacaguapa schist (Paleozoic basement).
The conspicuous Calpules lineament projects across the main access road on the
property where 105 metres of anomalous bedrock (0.3 of a gram per tonne Au)
are exposed. The Calpules lineament represents a large new target and appears
extremely prospective where it locally intersects the northeast-trending Limones
lineament.
Zopilote soil anomaly
Continued soil sampling in the vicinity of the Zopilote gold resource (446,000
ounces Au) has extended the northeast-trending Zopilote gold soil anomaly by an
additional 500 metres to an overall length of 2,200 metres with a width of 150 to
400 metres. Ore-grade gold mineralization is present in numerous drill holes and
surface trenches. Drilling has tested less than 30 per cent of the Zopilote soil
anomaly.
As well, soil sampling at Cerro Caliche has revealed a linear gold soil anomaly that
extends for 800 metres along the suspected contact between gneissic basement
rocks and a local limestone unit. This gold anomaly represents a new geologic
target at Zopilote.
These new anomalies represent a significant opportunity for Standard to increase
its resource base in Honduras. A drill program has been recommended to test
these areas.
Happy New Year.
2000 and NEW COINS. YAHOO.
Getting my Dad a gold coin for his B Day in 2000, thats for sure, 80 years old and still kicking good.
IMO, Standard has a lot of them laying in ground cheap.!!! |
