Weird, so they had that test result internally, and knew of that or was it new today internal info. The dates are important. 16 July ? dam, I can show them a bunch of greater and lesser of standard Gold cutoff of .005 OPT ( and if suggested at a relationaship...a validity case can be NEWTECH DD Made,, they do NOT understand this and sid will not open to new ideas, it seems unless in a TRADITION FRAMEWORK- thus, is in the statement - Those that fail to plan are those to plan to fail! (JMHO)...so what the heck were they...if above in some meaningfull measure, there is a correlation with source rocks. Anyone see the Ash-Source? news release nearby: I'll Cut, Paste, and / Or Scrape it over :
This is a different Volcano Scraper Up to the Mars sceene, life and geology there may of affected us here, down/up-stream so to speak ( hey- its just a theory, a valid one-Maybe!):
Message 6021344
Chuca( PP reasoning withstanding/drilling )
CUT:
k : Gold/Mining: CCRE CAN-CAL RESOURCES
>
> Subject (Replies: 0)
>
> Started By: +Mark Lenkei
> Date: Oct 14 1998 10:36AM ET
>
> I am researching this small mining company. Any thoughts are welcome.
> ---------------------------------------------------------------------
>
> CAN-CAL RESOURCES, LTD. ANNOUNCES TESTING AND ASSAY RESULTS
> AND ACQUISITION OF ADDITIONAL PROPERTY
>
> LAS VEGAS, Jan. 28 /CNW/ - Can-Cal Resources, Ltd.
> (Symbol: CCRE on OTC Bulletin Board)
> Shares Outstanding -- 6,364,969
> Ronald Sloan, President, announced today additional testing and assay
> results on the Company's properties and the acquisition of an additional
> property which the Company believes is capable of production in the near
> future.
>
> S & S Joint Venture
> -------------------
> The S & S Joint Venture, in which the Company has a 50% interest, owns
> unpatented mining claims covering approximately 1,000 acres in the Silurian
> Hills of California (referred to as Owl Canyon) and has actively continued to
> test, sample and assay its properties. Approximately 560 acres are placer
> deposits with the remainder being lode claims. Although the Joint Venture has
> the capability to, and does, perform its own fire assays, it sends both
> samples and whole rocks to independent laboratories for fire assay. Most of
> the samples from the lode claims have been sent to Cone Geochemical, Inc.,
> Denver, Colorado, a nationally known assay firm. On the most recent surface
> samples taken, Cone Geochemical, Inc. reported the following assay results:
> <
> Sample ID Location Assay Results
> ------------------------------------------------------------------------
> SQHO Owl Canyon 0.577 oz/ton gold / 86.0 oz/ton silver
> SQ Rock 3 Owl Canyon 0.559 oz/ton gold / 19.8 oz/ton silver
> SQH 0300 Owl Canyon 1.396 oz/ton gold / 311.0 oz/ton silver
> SSQ Head Ore Screen Owl Canyon 0.690 oz/ton gold / 118.0 oz/ton silver
>
> In order to determine if those values continued below the surface,
> approximately 15 tons of material were removed to a depth of 3 to 4 feet to
> expose a continuation of one of the veins. Following that vein structure 8
> feet, a sample was removed from a depth of approximately 3 to 4 feet, and the
> sample was again sent for independent assay. Cone Geochemical, Inc. reported
> the following assay on that sample:
> <
> 8FTSOQ 11-24 Owl Canyon 1.351 oz/ton gold / 66.5 oz/ton silver
>
> The Joint Venture has retained Wilmarth & Associates, a geological
> consulting firm, to conduct preliminary geological mapping, ore sampling and
> assay review for the lode claims.
> Wilmarth & Associates then selected four surface samples from different
> areas of the lode claims which they sent to Cone Geochemical, Inc. for fire
> assay. The results were as follows:
> <
> SAMPLE OZ/TON GOLD OZ/TON SILVER
> ------------------------------------------------------------------------
> W-1 0.257 5.08
> W-2 0.002 0.35
> W-3 0.009 0.20
> W-4 0.274 1.94
>
> More recently, the Joint Venture had another mining company perform
> assays on surface samples taken from an area of its lode claims. That mining
> company reported the following results:
> <
> Owl Canyon ssq (Super Quartz) 0.400 oz/ton gold / 13.855 oz/ton silver
> rock & crushed
> Super Quartz ''Owl Canyon'' 0.590 oz/ton gold / 84.545 oz/ton silver
>
> The Joint Venture also sent a surface sample to Dr. Ralph Pray, a
> nationally recognized assayer, who reported the following results:
> <
> RRXX Owl Canyon 2.41 oz/ton gold / 24.5 oz/ton silver
>
> The Joint Venture has performed in excess of 300 in-house assays on its
> lode claims, over 90% of which produced gold and/or silver doré beads.
> In addition, the Joint Venture has been actively testing and evaluating
> its placer deposits and has taken 51 placer samples from various areas and at
> various depths of its placer claims and conducted its own fire assays. Those
> fire assays showed the existence of gold and/or silver in 49 of its samples.
> Additional testing is required to determine the extent of those deposits. The
> Joint Venture estimates that its placer claims, using a 10 foot depth,
> contained approximately 15 million tons of placer.
> Wilmarth & Associates, in its report to the Joint Venture, after mapping
> the Joint Venture's property and reviewing its geology, mineralization and the
> assay results, concluded as follows:
>
> CONCLUSIONS AND RECOMMENDATIONS
> -------------------------------
> Based upon field geologic mapping, evaluation and review of referenced
> materials and review of fire assay results, it appears that the subject area
> contains valuable ore-reserves of gold and silver. Gold is also present in
> placer deposits (per assay analyses conducted by S&S Mining). Gold and silver
> ore appears to be located within altered zones along north/south-trending
> faults and along fault contact areas between recrystallized dolomite and
> metamorphic rock. Rock in the immediate vicinity of faulting is highly
> fractured/brecciated. Fracturing has produced avenues for intruding
> hydrothermal solutions to deposit ore rich and disseminated veins throughout
> the rock complex. Based upon current information, the ore within the Owl
> Canyon area is expected to range from high concentrations to that of lower
> concentrations due to dissemination within veins and veinlets. Currently, the
> exterior surface area with faulted exposures is highly weathered with remnant
> cavities within the host rock material.
> This area within the Silurian Hills suggests a similarity to the Calico
> Silver deposits near Barstow, approximately 60 miles southwest of the subject
> site. In the late 19th century and early 1900's, the Calico deposits were
> mined as high-grade lead-silver vein deposits. At this time there appears to
> be sufficient documented assay information to warrant proceeding with further
> drilling/sampling operations for deeper assay values as well as blasting to
> expose fresh unweathered ore deposits along fault/hydrothermal altered contact
> areas. Consideration should be given to proceeding with deeper exploration to
> further define areal extent of ore deposits and assay values.
>
> The Joint Venture had previously intended to drill the property but, in
> view of the assay results it has been obtaining and the recommendations of
> Wilmarth & Associates, it has determined that blasting may expose areas of
> ''unweathered ore deposits'' and expose a larger area than would drilling.
> Following the results of the blasting, the Joint Venture will then consider
> drilling to define the extent of ore deposits and determine assay values at
> greater depth.
>
> The Volcanic Cinders Property
> -----------------------------
> During 1997, the Company completed the acquisition of a volcanic cinders
> property at Pisgah, San Bernardino County, California. The property is
> comprised of approximately 120 acres containing a very large hill of volcanic
> cinders with easy road access. Garvin Surveying Sciences, a California based
> company, completed a survey of the property estimating approximately
> 13,500,000 tons of volcanic cinders above the surface. The Company has not
> verified tonnage existing below the surface. Approximately 3,000,000 tons of
> the cinders have been screened and stockpiled. The following equipment is
> located on the property: a large ball mill (which crushes the cinders), truck
> loading pads, two buildings, large storage tanks, conveyors to load trucks,
> ore silos and grizzly screening equipment.
> The Company has performed in-house assays of samples from the volcanic
> cinders taken from 30 different locations on the hill. Of the samples, 28
> proved positive for the existence of gold and/or silver, e.g., resulting in a
> doré bead. The Company commissioned an independent seven day cyanide heap
> leach test using a 70 lb. sample of the cinders which resulted in an assay of
> .165 oz. of gold per ton and .041 oz. of silver per ton. The Company was
> advised that the test also indicated the presence of iridium. However, an
> assay for platinum-group metals has not been conducted on that sample. The
> Company is also waiting for results from furnacing and other leaching tests.
> The Company intends to perform pilot heap leach tests utilizing tonnage
> to verify the results achieved to date. Numerous other tests and assays have
> been conducted on the volcanic cinders indicating the presence of gold and
> silver in varying amounts. It appears at this point that heap leaching is the
> most effective way to produce precious metals from the volcanic cinders. If
> the tonnage tests verify the results achieved to date, the Company intends to
> pursue the production of precious metals through heap leaching.
>
> The Erosion Claims
> ------------------
> On January 26, 1998, the Company entered into an agreement to acquire
> unpatented mining Claims covering 80 acres, located on the north slope of the
> San Bernardino Mountain Range, 17 miles south of Lucerne, in San Bernardino
> County, California. The property is located on a bluff approximately 1,400
> feet high. It consists of an open pit, approximately 150' by 150', and other
> workings, including an adit approximately 80 feet in length. The open pit
> contains three known vein structures. The mineralization is contained within
> brecciated, hematitic limestones and dolomites of the furnace formation. In
> the breccias, the rock mass has been pervasively shattered, but in which few,
> if any of the blocks and fragments have been rotated. Blocks may be as large
> as 20' in width. The fragments are angular and most are 4'' or less in size.
> The Claims lie within a broad zone of northwest strike-slip faults that
> extend into the Salton Sea - Gulf of California continental rift zone. Screen
> analyses shows that, in general, 15% of the material comprising the Breccia is
> less than 20 mesh in size, making it easier to work with. The Claims have been
> mined off and on since about 1929.
> The Company intends to focus its initial efforts on mining a vein in the
> open pit which is approximately 5 feet high and 60 - 80 feet in width.
> In-house assays of the vein made by one of the persons who operated and tested
> the vein for the past six months indicated values of 2.2 - 2.7 ounces of gold
> per ton. The operator advises that he produced about 25 ounces of gold from
> that vein during the testing period. For maximum recoveries, it appears that
> the ore should be leached or roasted before tabling. The Company is currently
> attempting to negotiate a milling agreement with another mining Company with a
> mill currently in operation and capable of processing the ore from the Claims.
> In connection with its evaluation of the Company's ability to produce
> sufficient ore from the Claims to mill, that mining Company took samples from
> the vein and made independent assays of those samples. It advised the Company
> that their assays were 2.5 ounces of gold per ton.
> The ore from the vein in the open pit can be mined manually with
> jackhammers or similar equipment. It is then dropped down a chute directly
> into trucks. The Company preliminarily estimates that it will initially be
> able to mine approximately 40 - 50 tons of ore per day. The prior operator
> estimates there are at least 500,000 tons of head ore visible on the surface.
> Based on its present discussions, the Company believes that it will be
> able to enter into a satisfactory milling arrangement. However, the Company
> also intends to process the ore by itself through leaching. Suitable
> facilities for leaching are available to the Company. This will enable the
> Company to process the ore at two locations using different methods.
> In addition to assays of samples from the vein in the open pit, that
> mining Company took additional chip samples from the Claims and performed
> assays on those samples. It took samples every 5 feet through 50 feet from
> the adit and obtained results ranging from .018 to .326 ounces of gold per
> ton, with some silver values. It also took two samples from an outcropping
> from the vein structure which assayed at 1.458 and .774 ounces of gold per
> ton, respectively. In addition, it took two samples from the tailings pit
> which assayed at .312 and .32 ounces of gold per ton, respectively. Other
> samples taken from different areas of the property also had gold values.
> The Claims were acquired from two unaffiliated persons and the son and
> daughter of Ronald D. Sloan, the Company's President. However, Mr. Sloan's
> children will not receive any consideration for the transfer of their interest
> in the Claims to the Company. The Company has agreed to issue 200,000 shares
> of its common stock to the two unaffiliated persons and has agreed to issue an
> additional 100,000 common shares to them if it receives a report from an
> independent geologist satisfactory to it opining that the Claims contain
> proven and probable reserves of not less than 500,000 ounces of gold (less
> gold mined by the Company), and issue another 100,000 shares of its common
> stock to them if proven and probable reserves exceed 750,000 ounces of gold
> (less gold mined by the Company). Proven and probable reserves are that part
> of a mineral deposit which could be extracted or produced economically and
> legally at the time of the reserve determination.
>
> Previous News Release
> ---------------------
> In the previous news release of July 1997, the Company indicated that
> negotiations were being conducted with an overseas company for a hard rock
> ore. The Company has discontinued discussions with the representatives as the
> Fluorite Mineral they required is inquarted in an ore which contains other
> valuable precious metals. It is the decision of the Board of Directors to
> retain the ore for sale as precious metals which would yield a significantly
> higher return.
>
> Other Properties
> ----------------
> The Company is actively engaged in evaluating and testing other
> properties in the vicinity of claims it owns which it deems prospective for
> gold and silver for acquisition purposes. It is the Company's goal to
> increase its holdings of precious metals properties and produce gold and/or
> silver from those properties.
>
> Conclusion
> ----------
> Although the prices of gold and silver have declined over the past year,
> they show signs of improving. The Company believes that precious metals have
> a bright future and will continue to be an integral part of the financial
> wealth of the world as well as for use as a commodity in jewelry and related
> items. The Company also believes that this is an excellent time to acquire
> properties prospective for the existence of precious metals since many of the
> major mining companies, which have high costs of production, are substantially
> curtailing their activities. In connection with the evaluation and development
> with some of its properties, the Company may seek joint venture partners,
> including but not limited to, other larger mining companies.
>
> -30-
>
> For further information: Can-Cal Resources, Ltd. (702) 240-6565 or fax
> (760) 947-3859
>http://www.astronomynow.com/breaking/981013mgs/index.html
>The images of Kasei Vallis, a system of giant channels thought to have been carved by catastrophic floods more than a billion years ago, illustrate the complexity of the planet's geologic history. The images were acquired on June 4, 1998, and reveal details of the 6-km-diameter (4-mile) crater as it pokes out from beneath an "island" in the valley. The mesa was created in part by the flood and by its subsequent retreat, which caused small landslides of the scarp that encircles it. A "mote" or trench partly encircles the
>crater to the west and south. This moat formed were the turbulence of the floodwaters interacting with the crater rim eroded material in front of and
>alongside the crater. |
