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 : News that catches your eye -- Ignore unavailable to you. Want to Upgrade?


To: zebity who wrote (86)8/25/1998 1:15:00 PM
From: Kent C.  Read Replies (1) | Respond to of 148
 
MASSIVE SULPHIDES AT GALLERY'S HARP LAKE 2 PROJECT

Trading Symbol "GYR" - ASE
For Immediate Release:
August 25, 1998

Massive Sulphides at Gallery's Harp Lake 2 Project

Gallery Resources Limited (GYR:ASE) announces that semi-massive to massive sulphide mineralization has been discovered on it's Harp Lake 2 property in central Labrador. Samples from several surface showings returned strong enrichments in nickel, cobalt and copper. Assays of 5 chip samples collected to August 14, 1998 have yielded consistent values ranging from 0.42% to 0.70% nickel, 0.084% to 0.151% cobalt and 0.34% to 0.42% copper, with 3 samples containing more than 0.53% nickel and 0.10% cobalt. The cobalt values are comparable to the grades obtained at Voisey's Bay.

Project manager, Victor French advises that the sulphides assayed to date are exposed in several zones up to 20 feet in length and 1.2 feet in width and occur over an area measuring 150 feet wide along an east-west strike length of 500 feet. He states that there is good potential for expanding the extent of the surface showings. Since the initial discovery prospecting crews have identified a strong gossan zone measuring 60 feet by 250 feet flanking the surface showings. Also, late last week a new massive sulphide showing was discovered 800 feet North of the main area outlined to date. Work crews are intensifying prospecting efforts in the area and are also establishing a detailed grid over which ground geophysics surveys will be carried out.

Mr. French cites several reasons why this new discovery can be considered as being significant. The mineralization is trending towards a strong max-min anomaly located 6000 feet west. Also according to Newfoundland and Labrador Department of Mines published records for the Harp Lake Intrusive Complex there is no reference to massive sulphide mineralized zones and the highest nickel assay recorded from earlier work programs over the complex is 0.32%. The discovery is located on a strong east-west structural lineament along which diamond drilling will commence this week to test the max-min anomaly.

Mr. French advises the company that samples from the newest massive sulphide showing and gossan zone have been shipped for assaying and expects the results later this week. He says that the Harp Lake camp is very busy with these new discoveries and the arrival of the drill crews for the start of the planned drilling program.

[signed]
Bruce E. Costerd
President & CEO

FOR MORE DETAILED INFORMATION ABOUT THE COMPANY PLEASE SEE OUR WEBSITE: gallery-gold.com OR CONTACT INVESTOR RELATIONS; TOLL FREE CANADA & U.S.A. 1-800-565-7350

NEITHER THE ALBERTA STOCK EXCHANGE NOR ANY OTHER REGULATORY BODY HAS APPROVED OR DISAPPROVED OF THE CONTENTS OF THIS PRESS RELEASE.



To: zebity who wrote (86)9/26/1998 12:15:00 AM
From: zebity  Respond to of 148
 
Barramundi Gold (BAM) brochure annouces new gold discovery

I quote from Barramundi Golds recent longline brochure:

"The Longline project in the Yukon is a virgin discovery
of outcropping bonanza-grade gold rich quartz veins...
...has the hallmarks of a real "company-maker" and will
be brought into production within two years."
"The project area has potential to host at least 5-10M oz of gold"

These are pretty strong statements, coming from a company which
is run by highly respected professionals.
For information on BAM go to: barramundi.com
investors interested in extra information and a copy of the
brochure I am quoting from should contact BAM.
This a very aggressive jnr (in terms of its works program) that
is now starting to come up with very promising results.
All in an envionment where jnrs have been crushed in the
market and are priced a unbelievably low levels.

Do your research and see for yourselves.