Gonzaga Resources (GN-V) Coming to a theatre near you.
www.gonzagaresources.com
12.7 million o/s
<$0.4 million in cash
Key people:
Gregory R. Davis - Vice President,
Business Development for Crescent Resources (CRC-V)
ADRIAN W. FLEMING, Director
Mr. Fleming, age 62, has been a director of the Company since November 15, 2010.
Mr. Fleming received a P.Geo designation from the Australian Institute of Geoscientists in December 2004; and an Aus. I.M.M. designation from the
Australian Institute of Mining and Metallurgy in June 1973. Mr. Fleming is currently a director of Goldminex Resources Ltd., a company listed on the
Australian Stock Exchange (since November 2007). He has been the President of Rockworks Limited (an independent geologic advisory company)
since September 1998. He was CEO of Underworld Resources Inc. (TSXV from March 2007 to April 2010). He is currently CEO of Valhalla Resources
Ltd., a Canadian privately held company conducting exploration in Romania and Turkey.
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Quote from Eric Charters - E. Charters
Lukin fer a gold porpheree. Olden Kerr property. Sheeted vein concept. Lotsa geochems and mystery. So far so good. BC. hmmmmm well less said the better. On the Island (Vancouver). Uncharted territory to a degree. Poor man's camp. Just bring lotsa money.
Everyone loves geochem anomalies. They make better plays than average as they are very positive. Have to come from gold bearing structures. With IP anomalies even better, although the gold does not have to report to the IP anomaly. It could be from resistant QV's with edge conductivity, not chargeability. You never know. You see how it works?
With a name like Gonzaga, you know they are not huge. Two guys in a closet in some office on Pender. But small is beautiful. Bang a few holes in it boys and run it up a flagpole. The market will follow little guys won't it? Only the Golden Shadow knows.
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Gonzaga Provides Exploration Program Update on Kennedy River Project
VANCOUVER, BRITISH COLUMBIA -- Novmbr 23 2012) - GONZAGA RESOURCES LTD., GN/TSXV, provides an update on its exploration program at its Kennedy River Project located near Port Alberni, Vancouver Island, British Columbia.
The Property covers roughly half of the historic Kennedy River Gold District and has potential to host significant zones of sheeted vein type gold mineralization. Previous exploration work carried out by Kerr Addison Mines in the late 1980's combined with soil geochemical surveys and 3D IP (induced polarization) surveys carried out by the Company in 2010 identified a high priority target in the central part of the Property referred to as the G-1 Target. The objective of the Company's Phase 1 work program, as recommended in an independent 43-101 technical report was to further delineate the extent of the "gold in soil geochemical anomaly" associated with the G-1 Target area.
During November 2011, field crews completed part of the Phase 1 program by collecting approximately 250 soil and rock samples from the G-1 Target area. Soil sample assays from the initial program ranged from trace levels to 0.614 g/t gold and indicated potential for extensions of the mineralized zone to the west.
During March 2012 field crews collected an additional 513 soil samples along 25 meter spaced, north-south oriented profile lines. Wherever bedrock was encountered within the grid area rock samples were also collected for comparative assay.
Results of the soil sampling program have confirmed that the mineralized zone associated with the G-1 Target extends to the west and have also identified a second area of elevated "gold in soil" values in the south western part of the survey grid. Both the main anomaly and the new soil anomaly are still open to the west. Elevated "gold in soil" values within the main part of the G-1 Target area have defined a 150 meter wide zone that extends roughly 300 meters east west. Gold values within this zone range from 0.050 g/t gold to 0.614 g/t gold and include numerous samples that exceed 0.100 g/t gold. The new anomaly (located approximately 100 meters south of the main anomaly) is approximately 75 meters in width and has been defined over a strike length of roughly 100 meters. Gold in soil values within the new anomaly range from 0.051 to 0.111 g/ton.
Results of the rock sampling program and petrographic work are still pending and will be announced as they become available. Based on results received to date the G-1 Target appears to warrant additional evaluation work.
All samples from the current exploration program were submitted to the ALS Group assay facility in North Vancouver. Samples were analyzed by fire assay for gold (Au-ICP-AES finish) and for a suite of 35 elements using aqua regia digestion and standard ICP-AES techniques. ALS Group includes duplicate and industry standard analyses as part of its internal QA and QC program. The ALS Group QA and QC provisions are considered adequate for the current program and no additional measures were implemented.
Carl Von Einsiedel, P.Geo, consultant to the Company, is a Qualified Person and has reviewed the technical content of this press release.
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