SI
SI
discoversearch

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 : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: tyc:> who wrote (57242)3/3/2008 5:48:13 PM
From: onepath  Read Replies (2) | Respond to of 78408
 
Out of TRX at the moment but only because of the way I am trying to allocate my cash.Her are a couple local news releases of interest for both TRX and SIR.

bclocalnews.com

bclocalnews.com

If you are tracking New Gold and Afton also keep an eye on AME who will eventually join forces with NGD.
biz.yahoo.com

News out on LYM today.

Lysander, Cadillac drill 5.15 m of 5.7% Cu at Osilinka

2008-03-03 13:56 ET - News Release

Also News Release (C-CQX) Cadillac Mining Corp

Mr. Bryce Porter of Lysander reports

OSILINKA PROJECT - UPDATE

Lysander Minerals Corp. has released assay results received from the 2007 diamond drilling program conducted on its Osilinka project, located in north-central British Columbia.

Cadillac Mining Corp. optioned the property in the fall of 2007 and immediately commenced a drill program consisting of a total of 1,297 metres -- cored in seven holes, DDH07-18 through 24. Each of these drill holes, set to test a northerly trending copper-gold anomaly, intersected significant mineralization (see the table).

DDH07-21 intersected 5.15 metres of semi-massive chalcopyrite, pyrite and magnetite which graded 5.7 per cent Cu, 3.1 grams per tonne Au, 4.6 grams per tonne Ag and 500 parts per million cobalt, including 1.5 metres of 9.9 per cent Cu, 5.8 grams per tonne Au and 0.09 per cent Co.

DDH07-18 and 07-24 intersected mineralization over widths ranging from 1.5 to 3.5 metres that returned values from 1.5 per cent to 1.9 per cent Cu. Gold, silver and cobalt mineralization ranging to 2.1 grams per tonne, 16 grams per tonne and 850 parts per million, respectively, does not appear to be directly correlated with the highest copper values.

Results from the 2007 drill program, coupled with the findings of prior exploration, have led to a re-evaluation of the geological model by Cadillac. Previous exploration work suggested the existence of a classic porphyry system. However, Cadillac has reported that the combination of mineral associations observed in current work and the potassic alteration envelope recognized through prior exploration is more indicative of an iron-oxide-copper-gold (IOCG) deposit. This offers potential for large low-grade and smaller high-grade deposits.

A high-definition ground survey is planned by Cadillac during the early stages of the 2008 exploration season. The intent is to refine magnetic patterns identified by the airborne survey conducted by Lysander during 2007 and identify targets for a summer drill program.

SELECTED ANALYTICAL RESULTS

From (m) To (m) Interval (m) Copper (%)

DDH 07-18 312.7 318.8 6.1 0.46
Includes 315.8 317.3 1.5 1.45
DDH 07-19 71.9 78.2 6.3 0.19
DDH 07-20 elevated copper values
DDH 07-21 34.7 65.8 31.1 1.07
Includes 36.1 40.5 4.4 0.35
45.25 50.4 5.15 5.7
DDH 07-22 elevated copper values
DDH 07-23 47.6 50.5 2.9 0.16
75.0 77.5 2.5 0.27
DDH 07-24 29.3 82.7 46.4 0.31
Includes 26.2 36.9 10.7 0.71
28.4 29.3 0.9 1.89

Note: Geometry is not sufficiently understood to allow
calculation of true widths.

Under the terms of the option agreement, Cadillac may earn a 50-per-cent interest in the project by expending $2-million on the property and issuing 250,000 of its common shares to Lysander by Dec. 31, 2011.

We seek Safe Harbor.



To: tyc:> who wrote (57242)3/3/2008 5:55:45 PM
From: onepath  Read Replies (1) | Respond to of 78408
 
MR and MR.WT Odd behavior maybe but real positive.From what I can tell by late trades it is all National Bank and UBS doing the buying.I still hold my MR.WTS.



To: tyc:> who wrote (57242)3/4/2008 2:04:11 PM
From: marcos  Read Replies (1) | Respond to of 78408
 
ngd.to - interesting, glad to hear that, i've been diddling with those A-wts but they're so far out of the money that you have to wonder if it's anywhere near sane to do so ... old Afton made holders a lot of money, and then made Teck a lot more

trx.v - forgot about Terrane, it definitely belongs in the BC base metals category

mr.to - looked like it broke out, then it broke back today, such is life

Silver off .68, ouch ... but we'll be a lot better off once we see the bottom of this retrace, imho

sno.v - oooo ... so much hope placed in Mud Lake, they'll be hurtin'