Silicon Investor (SI) -- The First Internet Community

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.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (9623)	10/20/2014 11:24:49 AM
From: Goose94	Read Replies (1) \| Respond to of 202668

Goldspike Exploration (GSE-V) Oct 20, '14 is pleased to report that it has commenced drilling operations on its Lone Mountain zinc property in Eureka County, Nevada. Goldspike negotiated the assignment of up to a 100% interest in the Property in July of this year (see the Company's press release dated July 23, 2014). The Property is comprised of 217 claims and covers the location of a 2007 significant drill hole zinc discovery, where a single drill hole intersected several intervals of high grade zinc-lead mineralization including an interval at the bottom of the hole assaying 41.3% zinc and 1.4% lead over 4.1 metres. Based upon the historical information pertaining to the Property and the favourable results of its initial field work, the Company is carrying out additional geochemical surveys, prospecting and geological mapping and has commenced a phase one drilling program on the Property. In this initial drill program the Company expects to drill approximately 10 holes totalling 1,500 metres (approximately 5,000 feet). "Since acquiring the Lone Mountain zinc property we have been analyzing and collecting both historic data and new data from recent exploration programs. We are very encouraged by the results to-date. We now have enough information to start drill testing the area in close proximity to the 2007 mineralization with a goal of expanding the footprint of the mineralization. Our geological evaluation of the Property is also identifying other areas of potential mineralization on the Property. We are very pleased to have our first drill program at Lone Mountain underway," commented Goldspike CEO Bruce Durham. With regard to zinc Mr. Durham further commented: "We share the opinion of many researchers that zinc fundamentals are strong and strengthening and that real shortfalls in production due to significant mine closures will be seen in the years ahead. Zinc is an advanced infrastructure metal whose consumption and usage are continuing to expand annually." Property Highlights: (see the Company's press release dated June 24, 2014 for full details and maps) High grade zinc and lead mineralized intervals were discovered in reverse circulation drill hole LM-07-01. The mineralization is reported to commence at 114.3 metres down hole and to continue to the bottom of the hole at 155.4 metres for an aggregate interval of 41.1 metres. Within the above interval no sample material was recovered from one interval of 7.62 metres. This interval was bounded by high grade zinc lead mineralization. It is not known if this interval was mineralized. As a result of a lack of assays for this interval, composite assay values for the entire interval cannot be calculated. The drill hole encountered lead values of up to 51.24% over 1.52 metres in the upper part of the mineralized interval. The drill hole contained zinc values of up to 48.4% over 1.52 metres in the lower part of the mineralized interval. Composite assay intervals in the discovery drill hole included an upper high grade interval grading 32.55% lead and 0.71% zinc over 6.08 metres and a high grade interval at the bottom of the hole grading 41.3% zinc and 1.4% lead over 4.2 metres. The previous operator from 2006-7 carried out soil geochemical sampling only on wide spaced (500 metre centered) lines. Samples were collected at only 50 metre intervals on the lines. The samples were analyzed for a suite of elements and an evaluation of those results show the strong correlation of a suite of indicator elements with the location of the historic zinc mine workings and scattered surface trenches that contain zinc mineralization as well as the location of the high grade zinc lead mineralization in the discovery drill hole. The suite of elements that correlate with the presence of zinc lead mineralization include: zinc, lead, silver, barium, mercury, cadmium, arsenic, copper and thallium. The overall trend of this suite of elements can be traced for more than 3 kilometres in a direction sub-parallel to bedding in a general northwest to southeast direction. The geochemical anomaly tested with the discovery hole was not the strongest part of the three kilometre long multi-element anomaly and no drilling tested the other targets on the extensive anomaly. History of Work and Geology Zinc mineralization was first reported to have been mined in the Lone Mountain area in 1942 and operations between 1942 and 1964 were reported to have produced nearly five million pounds of zinc, six hundred and fifty thousand pounds of lead and four thousand ounces of silver. Mined mineralization has been reported to consist of smithsonite, zincite, hydrozincite, cerussite, malachite and azurite along with minor sulphides. At this time it does not appear there is any public record of any significant history of modern exploration work on the Property for zinc lead mineralization. The discovery of the high grade zinc lead mineralization in drill hole LM-07-01 appears to be a largely fortuitous event that occurred in the course of exploring the Property for precious metal mineralization. The Company is not aware of any mineralogical work having been completed on the mineralization in discovery hole LM-07-01. Part of the Property that extends well to the southeast is reported to have prospectivity for gold. The Company will evaluate these prospects as work on the Property proceeds. Work by the previous optionee completed in 2007 included re-evaluation of the gravity and magnetic data available on the Property. Their evaluation also included the geochemical surveying as described above as well as a CSAMT geophysical survey that successfully identified a significant resistivity contact crossing much of the Property in a direction mostly parallel to the interpreted stratigraphic trends in the area. The high grade zinc lead mineralization appears to sit very close to the interpreted resistivity contrast. This interpreted contact may prove to be an excellent marker in follow-up drilling programs. The mineralization discovered in drill hole LM-07-01 has not been well studied and remains open to considerable interpretation at this point. The mineralization is thought to be located at or close to the contact of the Devils Gate Formation, an Early to Middle Devonian dolomite in the Nevada Formation. Rocks in the area generally strike northwest-southeast and dip generally 55 degrees easterly. There is a suggestion by some workers that the mineralization may be located at the intersection of northwest and generally northeast trending structures, however, the single hole in the high grade zinc lead discovery to-date precludes any conclusions at this time as to the orientation of the mineralization. The Company has not been able to ascertain the details, if any, of any QA/QC programs that were in place at the time of the last work on the Property and therefore the Company advises readers that all technical data in this release must be assumed to be historical in nature and as such should not be relied upon. Bruce Durham, P.Geo, is a qualified person as that term is defined by National Instrument 43-101 on behalf of the Company and is the person responsible for the preparation of this news release. For further information contact: Goldspike Exploration Inc. Suite 1500 - 4 King St. W. Toronto, Ontario M5H 1B6 Tel: 416-504-8821 Bruce Durham, President and CEO

To: Goose94 who wrote (9623)	7/25/2016 9:11:03 AM
From: Goose94	Read Replies (1) \| Respond to of 202668

Bravada Resources (BVA-V) July 25, '16 has received notice that a second-phase drilling program is underway at the Company's Baxter Low-sulfidation gold property in the Walker Lane Gold trend in Nevada. Kinross Gold U.S.A., Inc., a wholly owned subsidiary of Kinross Gold (K-T), plans to drill 10 to 14 reverse-circulation (R.C.) holes for approximately 2,400 meters, followed by 1 to 3 core holes for an additional 450 meters. Earlier this year, Kinross completed 16 R.C. holes for a total of 4,439 meters at the Baxter property (see news release NR-07-16) and discovered a new zone of shallow, oxide gold mineralization at the Sinter target, one of several targets partially tested during the drilling program. Hole BAX16-13, for example, intersected 6.1m averaging 2.199 grams gold per ton (g/t gold) beginning at 32m depth within a thicker interval of 32.0m averaging 0.880g/t gold. Other holes in the target area intersected gold mineralization at approximately the same horizon. Geophysical data indicates mineralization may be controlled by an easterly trending fault, suggesting a long, untested strike length. Encouraged by these early drill results, Kinross' next R.C. program will test lateral extensions of the new mineralization. The relatively shallow holes should also provide vectors to zones of potentially high- grade gold "feeders" beneath the high-level, disseminated mineralization. Potential feeders will be the target of the subsequently drilled core holes. About Baxter The Baxter property consists of 240 unpatented lode claims (~1,940 hectares) in the Walker Lane Gold trend of western Nevada. Bravada previously demonstrated extensive low-sulfidation gold and silver mineralization at surface and in relatively shallow reverse-circulation drill holes at several target areas. Kinross has the option to earn a 60% interest in the property by spending $2.0 million over five years and it can earn an additional 15% interest by spending an additional $2 million on exploration and development expenses over two additional years. Upon Kinross completing its earn-in, Bravada may contribute to expenditures at its percentage of interest or be diluted. Should Bravada's working interest reduce below 10% as a consequence of Kinross contributing Bravada's working interest share of agreed exploration program expenditures, Bravada would convert its working interest to a 1% NSR royalty (see NR-01-15 dated February 3, 2015). About Bravada Bravada is an exploration company with 15 properties in Nevada, one of the best mining jurisdictions in the world. The Company follows a portfolio approach to exploration, focusing on gold and silver, and during the past 11 years has successfully identified and advanced properties that have the potential to host high-margin deposits while successfully attracting partners to fund later stages of project development. Currently, five of its Nevada properties are being funded by partners, which in aggregate include earn-in work expenditures of up to $6.5 million and payments to Bravada of up to +$3.0 million in cash and shares, with Bravada retaining residual working or royalty interests. Bravada's most advanced precious metals property is Wind Mountain, which hosts a significant Indicated and Inferred resource of gold and silver with exciting potential for new discoveries. Currently defined resources at Wind Mountain are primarily oxide and near surface; thus, a low-cost open-pit, heap-leach operation could be permitted relatively quickly. The Company also holds a royalty interest in the Shoshone Pediment barite deposits, which are being permitting for mining by Baker Hughes. Joseph Anthony Kizis, Jr. (AIPG CPG-11513, Wyoming PG-2576) is the Qualified Person responsible for reviewing and preparing the technical data presented in this release and has approved its disclosure. On behalf of the Board of Directors of Bravada Gold Corporation Joseph A. Kizis, Jr., Director, President, Bravada Gold Corporation Bravada Gold Corporation 604.684.9384 or 775.746.3780 www.bravadagold.com