Wednesday, February 29, 2012

New Discovery of High Grade Zone!



BCGold Corp reported mining grades of 14.5 g/t Au and 44.6 g/t Au for bulk samples 505-3A and 505-3B, respectively, mined from remnant pillars of the Engineer Vein outside of the Inferred Mineral Resource and previously categorized as waste material by conventional chip sampling and drilling. The exploration target is 1,200 to 1,800 Tonnage and 30 to 60 g/t grade range for the 505-3 Shoot (between 5 & 6 Levels).

Update and plans  for 2012 Mine Dewatering and Bulk Sampling

BCGold Corp. plans to conduct a staged $2.5 million exploration and development program at the Engineer Mine property in 2012 that will consist of the following:

  • Dewatering 6 Level of the underground mine workings to access the down-plunge extension of the 505-3 Shoot approximately 30 metres vertically below bulk samples 505-3A and 505-3B on 5 Level,
  • Mining the 505-3 Shoot between 5 Level and 6 Level, to potentially source 1,200 to 1,800 tonnes of in-site bulk sample material,
  • Transporting mined material to the 30 ton per day, on-site gravity separation mill for gold recovery as a gold concentrate,
  • Underground diamond drilling to target four previously untested veins and the Shear Zone 'A' and Shear Zone 'B' bulk tonnage exploration targets (view 3D Engineer Mine: 2012 Underground Exploration Drill Targets).
News link: http://finance.yahoo.com/news/bcgold-corp-discovers-high-grade-133500996.html

You are reminded that you are responsible for your own due diligence. We share in neither your profit nor your losses.

Monday, February 27, 2012

HIGH GRADE @ ENGINEER MINE 58,451.9 g/t Au (1,704.8 oz/ton or 5.8% Au)

BCGold Corp.'s Engineer Mine Bulk Sample Concentrate Averages 2,193.1 g/t (64.0 oz/ton) Gold


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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 27, 2012) - BCGold Corp. (TSX VENTURE:BCG)(PINKSHEETS:BCGOF) (or the "Company") is pleased to announce final assay results and mining grades from the bulk sampling and on-site test milling component of the 2011 exploration program at the Company's Engineer Mine property. BCGold Corp. has received assay results from the 148.4 kg of Sluice Concentrate and 5.1 kg of High-Grade Gold Stream Concentrate produced while test milling six composite bulk samples mined from remnant portions of the Engineer and Double Decker Veins, some of which was outside of the currently stated mineral resource. This material was previously categorized as waste material by conventional chip sampling and drilling.

Gold was recovered in up to three separate concentrates from the on-site gravity separation mill for each of the six bulk samples. Sluice Concentrate returned an average gold grade of 550.7 g/t Au(16.1 oz/ton), with one subset bulk sample grading 1,091.5 g/t Au (31.8 oz/ton). The High-Grade Gold Stream Concentrate collected from the gravity circuit's finishing table returned a gold grade of 58,451.9 g/t Au (1,704.8 oz/ton or 5.8% Au). Incorporating the previously reported Table Concentrate results (see December 14, 2011 news release), test milling of 246.1 tonnes of bulk sample material in 2011 produced 969.2 dry kg of concentrate returning a weighted average grade of 2,193.1 g/t Au (64.0 oz/ton). An estimated 68.3 oz of gold is contained in the concentrate. Complete results are reported in Table 1.

Additional highlights of the 2011 Engineer Mine bulk sampling and test milling program include:
  • The 246.1 tonne composite bulk sample returned an average mining grade of 16.9 g/t Au (0.5 oz/ton),
  • Bulk sample 505-3B (68.9 tonnes) returned a mining grade of 44.6 g/t Au (1.3 oz/ton),
  • Approximately 60% (147 tonnes) of the composited bulk sample was mined from outside the limits of the currently stated Inferred Mineral Resource,
  • Bulk sampling results support the potential expansion of the Inferred Mineral Resource within the current underground workings,
  • Bulk sample mining grades are on average 850% higher than channel sample estimates,
  • Preliminary test milling averaged 51.3% gold recovery from the on-site gravity separation mill.
"BCGold Corp. is very pleased with the results of our bulk sampling and test milling program at Engineer Mine this past year," states Brian P. Fowler, P.Geo., President and CEO of BCGold Corp. "The Company has demonstrated the ability to identify and effectively mine high-grade vein material at Engineer Mine, and produce a marketable concentrate utilizing the on-site gravity separation mill. Management is confident that additional high-grade vein material will be identified by bulk sampling and that on-going metallurgy studies will provide the necessary information to optimize the mill recovery circuit."

BCGold Corp. is planning a staged $2.5 million exploration and development program at the Engineer Mine property in 2012. In addition to limited mine dewatering, geological mapping, sampling, and mine rehabilitation, the Company also intends to optimize the mill and continue to bulk sample and mill accessible high-grade gold mineralization. The Company is also planning an underground diamond drilling program targeting four previously untested veins as well as the Shear Zone 'A' and Shear Zone 'B' bulk tonnage exploration targets.
2011 Bulk Sampling and Test Milling Program

The bulk sampling and test milling component of BCGold Corp.'s $1.1 million 2011 exploration and development program entailed mining 350 tonnes of composite bulk sample material from underground workings and an additional 50 tonnes from surface trenching. Approximately 246 tonnes of this material was processed on-site, using the gravity separation mill, and yielded 969.2 kg of gold-rich concentrate as three separate products. Assay results for 815.6 kg of Table Concentrate were previously announced (see December 14, 2011 news release) returning a weighted average grade of 2,140.1 g/t Au (62.4 oz/ton), with one subset bulk sample returning 6,485.8 g/t Au (189.2 oz/ton).


Link to News: http://finance.yahoo.com/news/BCGold-Corp-Engineer-Mine-ccn-1185992346.html?x=0

Thursday, February 23, 2012

Rio Alto Mining (RIO.V) graduated!

GRADUATION!

Rio Alto Mining Ltd will graduate to trade on the TSX at the open of trading on Friday, Feburary 24, 2012. The ticker symbol will remain as RIO. The company will be removed fromthe S&P/TSX Venture Composite Index after the close of trading on Thursday, February 23, 2011.

Tuesday, February 14, 2012

GTA Resources and Mining GTA.V

Ticker  GTA.V
Current price $1.58
Market Cap 3.2M
Shares Out. 13.9M
Revenue (FYR) ---
EPS $-0.02



 
Corporate structure
  • 64% Management and Insiders
  • 36% Institutional Investors and/or Retail Investors
    
Why to buy?

+528% gain -- $0.25 stock jumped to $1.54

Feb.14,2014 GTA Intersects 149.5 Metres Grading 3.21 g/t Gold (Uncapped) or 1.20 g/t Gold (Capped) on Northshore Property12 hours ago

GTA has an option agreement with Balmoral Resources Ltd.("Balmoral") (TSX VENTURE: BAR), whereby GTA can earn up to a 70% interest in the Northshore Project.

  • 51% interest by making cash payments ($50k) share issuances (2.5 million shares) and exloration expenditures ($2.5M) over 3 years.
  • 70% interest, bymaking additional cash payment ($100k), additional share issuance (1M shares) and additional expenditure ($3M) over 24 months
  • NSR - sliding scale : 2% up to 1M ounces, 3% 1M to 3M ounces, 5% over 3M ounces
Results from the broader Afric Gold System are highlighted by holes WB-11-07, WB-11-09 and WB-11-11 that tested both the high-grade Audney and Caly Vein Systems. These holes returned cut grades of 0.99 g/t gold over 150 metres (WB-11-07), 1.05 g/t gold over 159 metres (WB-11-09) and 1.20 g/t gold over 149.5 metres (WB-11-11). All of these holes were collared and terminated within the gold mineralized system. For reporting purposes of the broad intercepts, the high-grade intervals encountered in all holes were capped at 28.79 g/t gold, representing the 99th - percentile of all drill core sample assay results obtained from the current program. Corresponding averages using uncapped high grade values are shown on the accompanying table.

The high-grade Audney and Caly Vein Systems (see previous news release dated Nov. 8, 2011) demonstrated good continuity with the Audney Vein being intersected to a depth of 110 metres vertical below surface. Gold mineralization within and marginal to both vein systems showed significant increases in thickness compared to the previously reported surface chip sampling results. Highlights from the Audney Vein include intercepts of 13.23 g/t gold over 6.50 metres, including a bonanza grade intercept of 131.99 g/t gold over 0.50 metres (WB-11-01), and 10.28 g/t gold over 4.30 metres (WB-11-09) which represents the deepest intercept on this vein to date. The Caly Vein System returned intercepts of

12.49 g/t gold over 33.80 metres including a bonanza grade intercept of 760.15 g/t gold over 0.40 metres (WB-11-11); 17.25 g/t gold over 4.50 metres (WB-12-08); and, 14.94 g/t gold over 4.00 metres (WB-12-09).

You are reminded that you are responsible for your own due diligence. We share in neither your profit nor your losses.

Tuesday, February 7, 2012

More Gold! AVR.TO

Avion Gold have drilled an additional 11 holes in the Vindaloo zone area, Hounde Property, Burkina Faso. The drill holes interepts continue to demostrate the open-ended nature of the mineralized system and the high potential for both discovery and, to add to the current mineral resources.  A few holes have returns intercepts of 51.63 g/t Au Over 8.0 Metres and 12.4 g/t Au Over 6.5 Metres.

2012 Significant Assays - Remaining Holes
Hole # Mineralized interval (m) Au (g/t) Au** (capped) Zone

section
from to Width*
H-11-100 98.0 106 8.0 51.63 17.63 Vindaloo 2
H-11-102 22.0 22.7 0.7 1.97 1.97 Vindaloo 2
H-11-103 89.0 98.8 9.8 1.02 1.02 Vindaloo 2
H-11-103 108.1 109.2 1.1 2.53 2.53 Vindaloo 2
H-11-104 117.0 117.7 0.7 3.05 3.05 Madras
H-11-105 28.0 35.5 7.5 1.17 1.17 Nema Zone
H-11-107 20.5 22.0 1.5 1.80 1.80 Koho
H-11-107 113.0 114.0 1.0 1.04 1.04 Koho
H-11-107 121.0 124.2 3.2 2.80 2.80 Koho
H-11-110 104.8 105.7 0.9 1.42 1.42 Koho
H-11-111 13.0 19.5 6.5 12.4 10.49 Vindaloo SW
H-11-111 145.7 148.5 2.8 1.6 1.6 Vindaloo SW

* Estimated true lengths are supplied when enough information has been received. A good rule of thumb is that true lengths are 50% to 60% of the length of the intercept.
** Assays capped at 30 g/t Au.

News Source: http://finance.yahoo.com/news/Avion-Hounde-Property-Burkina-ccn-3693716421.html?x=0

You are reminded that you are responsible for your own due diligence. We share in neither your profit nor your losses.

Saturday, February 4, 2012

Tournigan Energy Ltd TVC.V

Ticker  (TVC: TSX-V; TGP: Frankfurt)
Current price is between $0.09 - $0.10
Market Cap 17.4M
Shares Out. 193.7M
Revenue (FYR) ---
EPS $-0.04




Why to buy?

Tournigan's Prefeasibility Study Indicates Kuriskova Could be Among World's Lowest Cost Uranium Producers




Vancouver, January 30, 2012-Tournigan Energy Ltd. (TVC: TSX-V; TGP: Frankfurt) has received a Preliminary Feasibility Study ("PFS") on its flagship Kuriskova high-grade uranium deposit located in Slovakia from its independent consultant, Tetra Tech, Inc. (Tt), in Golden, Colorado.

Highlights of the PFS for Kuriskova:
  • Internal Rate of Return 30.8%; 1.9 year payback; $277 million Net Present Value (NPV) at an 8% discount rate (Pre-Tax, base case US$68/lb U3O8 , US$15/lb Mo);
  • 94% increase of Indicated Resource to 28.5 million pounds of U3O8 since Tournigan’s June 2009 Preliminary Economic Assessment (“PEA”);
  • 92% uranium recovery in PFS, increased from 90% in the PEA;
  • 62% increase in the uranium grade to the process plant to 0.408% U3O8 in the PFS from 0.252% U3O8 in PEA;
  • 26% lower life of mine operating costs in the PFS compared to the PEA. The PFS estimates US$22.98/lb U3O8 life of mine operating costs and US$16.68/lb U3O8 during the first 4 years of production. These are net of a molybdenum credit of about US$1.27 per pound of U3O8 ;
  • 1.5 year decrease of preproduction construction period in PFS to 3 years compared to 4.5 years in the PEA;
  • The project can be developed as an underground mine/processing facility with a very small surface footprint;
  • Kuriskova would utilize Best Available Technologies in the mining and processing operations. The uranium can be extracted using conventional alkaline (non-acid) processing; and
  • There are multiple exploration targets within the Kuriskova License area, with the potential to expand the resource base and extend project life.
"We are very pleased with these results. They demonstrate that the Kuriskova project has the potential to be among the lowest cost uranium producers in the world. The PFS not only illustrates the robust economics of the Kuriskova project but also the competitive advantages it has over other uranium projects as a result of its high-grade resource and relatively low operating cost estimates." said Dorian L. (Dusty) Nicol, Tournigan's president and chief executive officer.
"Our next step is, working with our strategic partner Areva, to begin a Feasibility Study and Environmental Assessment Study that will continue to define project parameters to a higher degree of confidence and allow the permitting of the project to begin. The development of the Kuriskova uranium project could provide Slovakia with a secure source of uranium for approximately 30 years at its current consumption rate," said Nicol.

You are reminded that you are responsible for your own due diligence. We share in neither your profit nor your losses.

New Hana Copper Mining Ltd HML.V

Ticker HML.V
Current price is between $0.25
Market Cap 18.5M
Shares Out. 42.0M
Revenue (FYR) ---
EPS ---


Why to buy?

New Hana Copper Mining Ltd HML.V is a spin-off company of Hana Mining Ltd HMG.V. Therefore, this is speculative buy because of the successful drilling from Hana Mining Ltd.

You are reminded that you are responsible for your own due diligence. We share in neither your profit nor your losses.

Hana Mining Ltd HMG.V

Ticker HMG.V
Current price is between $1.45 - support $1.40 - previous high $5.50 (12/14/2010)
Market Cap 170.6M
Shares Out. 88.4M
Revenue (FYR) ---
EPS ---



Why to buy?

The Ghanzi Project is located in the center of the Kalahari Copper Belt in northwestern Botswana. The Ghanzi property covers 2,149 square kilometres, and contains sediment-hosted copper-silver deposits with a demonstrated cumulative tested strike length of 70 kilometres. This favorable geology extends over an estimated strike length of 600 kilometres. Hana Mining released results of its most recent NI 43-101 compliant resource estimate for the Ghanzi Project on December 20, 2010, announcing an Indicated mineral resource of 585 million pounds of copper and 12 million ounces of silver from 19.7 million tonnes at a grade of 1.35% copper and 19.7 g/t silver. All of the Indicated resources are from the Banana Zone. There are also Inferred resources of 2.4 billion pounds of copper and 40.6 million ounces of silver from 91.2 million tonnes. This Inferred mineral resource estimate consists of 69.9 million tonnes grading 1.10% Cu and 14.98 g/t Ag in the Banana Zone, 13.4 million tonnes grading 1.66% Cu and 12.11 g/t Ag in Zone 5, 6.3 million tonnes grading 1.5% Cu and 6.7 g/t Ag in Zone 6, and 1.6 million tonnes grading 0.85% Cu and 6.4 g/t Ag in the Chalcocite Zone; all at a cut-off grade of 0.75% Cu.

The Banana Zone exhibits certain areas of higher grade Cu and Ag mineralization, particularly between sections 49700 to 52000 on the North limb and sections 63000 to 71000 on both the North and South limbs, which represent an opportunity to locate starter pits and mine initial tonnages at higher than average grades. These higher grade pockets tend to be well within open pit depth parameters and represent opportunities to improve early cash flow and overall returns in development.

The project will benefit from proposed rail and power infrastructure expansions, along with proximity to local population centers and workforce. A feasibility study is currently underway (funded by the World Bank and the governments of Botswana and Namibia) to support completion of a rail line link that would connect Botswana with the Namibian port of Walvis Bay, on the Atlantic coast. The closest existing railhead to port is at Gobabis, in Namibia, approximately 550 km from our property. Construction has begun on the 600MW expansion of the government-owned Moropule Power Plant, having secured US$825 million project funding in May 2009. The Ghanzi Copper- Silver Project is currently accessed by the paved Trans-Kalahari highway, which passes within 15 km of the property.

The Ghanzi property is one of Africa's premier future copper-silver resources.

You are reminded that you are responsible for your own due diligence. We share in neither your profit nor your losses.