@TriumphGoldCorp TSXV$TIG $NFRGF Announces Multiple Diamond Drill Hole Intersections of Au-Cu Mineralization on Eastern Margin of The Revenue Diatreme including 58.65m of 1.48 g/t #Gold Equivalent* @ 0.971 g/t Au & 0.22% Cu

Highlights of Press Release:   Triumph Gold Logo

  • Triumph announces that diamond drilling along the relatively underexplored eastern margin of the Revenue diatreme has been rewarded with multiple intersections of copper, gold, silver +/- molybdenum mineralization. Recent geological reviews of mineralization in the Revenue area, aided by development of a 3D geological model of the 1,300 X 400 metre elliptical Revenue diatreme, targeted the eastern portion of the diatreme as most prospective for gold and copper mineralization.  The 2017 exploration program at Revenue was designed to test the eastern area with five drill holes totaling 2,032 metres.
  • Geological highlights of the drill program include:
    • Identification of an oxidized breccia/deep-weathering zone with significant gold from the bedrock surface to 68m depth (RVD17-10; 68m @ 0.64 g/t Au). This intersection is in an area that has not been explored for near surface mineralization, in part due to absence of a gold in soil anomaly, which is now attributed to thick overburden.  Samples from this interval are being sent for metallurgical testing to determine if gold can be extracted via cyanide leach.
    • In RVD17-12, a broad intersection (approximately 180 metres long) of porphyry style stockwork veining with potassic and phyllic alteration, adjacent to, and beneath the surface expression of, the Revenue diatreme.
    • The intersection of a high-grade breccia zone in RVD17-12 (58.65m @1.48 g/t Au eq.), which is interpreted to be a continuation of hydrothermal breccias encountered in RVD11-22 and RVD11-28, defining at least 120 meters strike-length of high grade mineralization that is open at depth and contained within a broad lower grade envelope.
    • At least three types of superimposed mineralization, including:
    • Early porphyry style mineralization;
    • Late hydrothermal breccias and replacement style mineralization; and
    • Near surface enrichment of gold.
  • Paul Reynolds, Triumph Gold’s President and CEO, states: “We are very encouraged by these results. Each of the styles of mineralization encountered at Revenue could be a stand-alone target, but along the eastern margin of the Revenue diatreme, where we have discovered that they are superimposed, there is an exceptional opportunity to explore for a high-grade, near-surface Au-Cu resource.”

For full press release, go to:  http://www.triumphgoldcorp.com/news/news-releases/

Metanor Resources $MTO $MEAOF Intersects 7.5 g/t Gold Over 7.2 m at Bachelor Mine

Metanor has provided this update on its underground exploration drilling program at Bachelor Mine. The drill located on level 8 in the Hewfran sector of Bachelor Mine intersected 7.5 g/t over 7.2 meters (hole 8-112). The holes listed below intersected the structure of the H-10 vein below level 8 down to level 10.

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Hole N° From
(m)
To
(m)
length
(m)*
Au grade
capped (g/t)
True width
(estimated)
8-112 57.1 64.3 7.2 7.5 95%
8-113 58.4 59.0 0.6 2.9 90%
8-114 67.2 68.0 0.9 2.6 85%
8-115 80.0 81.2 1.2 6.4 80%

*Core length

Following the confirmation of this extension, the upcoming drilling will focus on both sides of this structure between level 8 and 10, and below level 10. A longitudinal figure is available at the following link: http://media3.marketwire.com/docs/1040369a_fig1.jpg.

Go to www.metanor.ca for full news release

Nancy

Metanor Resources $MTO $MEAOF Publishes Results on Moroy Property Exploration

Metanor $MTO $MEAOF has been conducting two exploration programs and exploration drilling from surface on the Moroy property located near 1 km south of the Bachelor mine.

A drill campaign during the summer of 2015 identified an important gold structure on the Moroy property and confirmed the value of the geophysical surveys on the mineralisation type.

In parallel to the drilling campaign, a geophysical survey was conducted at depth in previously drilled hole on the Moroy property. This induced polarisation survey detected the presence of four conducting anomalies. One of the anomalies is located on the extension at depth of the gold structure and because of the high intensity in this anomaly, this is where the next exploration drilling is planned.

See full news release for diagrams and table of results: http://www.metanor.ca/en/index.php/press-releases/article/metanor-publishes-the-results-from-the-geophysic-survey-on-the-moroy-proper

Nancy

Metanor (TSX.V-MTO) Intersects 10.1 g/t Gold Over 26.2 Meters Near Surface

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Metanor Resources TSXV-MTO drills 26.2 meters of 10.1 g/t gold at Bachelor Mine near surface:

MO-15-14 from 6.4 m to 32.6 m intersected 10.1 g/t gold over length of 26.2 m – visible gold at 10.2 m

The drilling continues in the same hole since there are more potential targets at depth.

See: www.metanor.ca for the complete news release dated 2015-09-22

Falcon Gold $FG TSX.V Closes First Tranche of Private Placement

Falcon has closed a first tranche of the previously announced $600,000 private placement for gross proceeds of $191,225 and issued 2,549,666 Units logo-falcon-319x150-2priced at $0.075 per Unit. Each Unit is one common share and 1/2 warrant, priced at $0.10 per share for the first 12 months or at a price of $0.20 per share for the 12 months thereafter.

Proceeds from this financing will be used for exploration and development work on the New York Canyon project and for general corporate purposes.

 

Falcon’s CEO Stephen Wilkinson Speaks with ABN Newswire at PDAC 2015 in Toronto

2014-10-14 16.40.46Stephen Wilkinson, CEO of Falcon Gold CVE:FG, was interviewed by ABN Newswire at the PDAC 2015 in Toronto.

Click here to watch the video:  Stephen Wilkinson Interview with ABN Newswire

Falcon Gold Corp. Logo

Nancy

Falcon FG Announces $600,000 Private Placement and Update on NY Canyon Property, Mineral County, Nevada

Falcon Gold (CVE:FG) announced a non-brokered private placement of up to 8M units priced at $0.075 per Unit for total gross proceeds of $600,000. Each unit will consist of one common share and one-half warrant priced at $0.10 per share for the first 12 months and $.020 per share for the 12 months thereafter.

Proceeds will be used to advance its exploration and development work on the New York Canyon project, continued exploration activities on its Washington silver project, and general corporate purposes.

To view an updated Corporate Presentation that includes preliminary 3-D modeling and illustrated drillhole data, visit our website at: www.falcongold.ca

Nancy Massicottelogo-falcon-319x150-2

 

PDAC 2015 in Toronto Canada

Although the attendance was down from last year’s PDAC, the quality of companies exhibiting and the attendees were of significance. Grizzly Discoveries (TSX.V-GZD) has three assets and all three were of interest to investors. Representatives from numerous mid-tier to major mining companies were inquiring about the gold/copper/silver BC properties given the politically stable jurisdiction and historical mining and mining friendly area.

I find that even though we are in a down-turned market, it is always of benefit to exhibit and/or be present at the PDAC. You just never know what will come from who you meet there.

Nancy at Grizzly Booth

Nancy

Metanor Resources Reports its Financial Results for the Quarter Ended December 31, 2014

White LogoMetanor Resources – TSX.V-MTO – has reported its financial results for the quarter ended December 31st 2014 (Q2). Metanor’s quarterly financial statements and accompanying notes and the related Management’s Discussion and Analysis (MD&A) can be found at www.metanor.ca or on SEDAR www.sedar.com.

Q2 Highlights

* Gold sales of 9,055 ounces;
* Gold production of 8,332 ounces;
* Total of $11,731,674 in revenues from gold sales at the average sale
   price of $1,408 per ounce;
* Cash Cost of $1,203 per ounce sold;
* Sustaining cost of $1,375 per ounce sold;
* All-In cost of $1,395 per ounce sold;
* Net change in cash of ($4,484,054);
* Cash flow from operating activities of ($2,486,355);
* Net Loss of $3,745,526 after depreciation and depletion of $2,950,949;
Feed grade (g/t) 4.6 6.6
Mill recovery rate 96.30% 97.50%
Ounces produced 8,332 12,751
Ounces sold 9,055 10,427
Underground development (metres) 1,998 1,492
Diamond drilling (metres) 5,734 9,164
Financial Results (thousand dollars) December 31 2014 December 31 2013
Gold Sales 11,731 3,557
Operating Costs (10,723) (2,221)
Royalties (187) (117)
Depreciation & Depletion (2,951) (1,070)
Gross Profit (2,130) 149
Other Expenses (1,207) (1,014)
Operating Loss (3,337) (865)
Financial Expenses & Revenues (468) 125
Deferred Income Taxes 60 330
Net Results (3,745) (410)

 

(i)As of December 1st 2013, the Bachelor Mine reached commercial production status.

Falcon Gold FG.V Updates 2014 Activities and Outlines Work Programs for Nevada and Washington Properties

Falcon finalized the New York Canyon Nevada copper project agreement and completed all required payments pursuant to the transaction in August and closed the final tranche of an over-subscribed $706,000 financing.

To date, 188 drill holes totaling approximately 128,000 feet have been completed on the New York Canyon copper property. Much of the historical drill core and cuttings are well preserved and stored on the property.

In 1977, Conoco reported an estimated (non-compliant) resource of 142 million tons of 0.35% Cu and 0.015% Mo, based on 107 drill holes totaling approximately 98,433 feet. Results from a Conoco drill hole, (MN-42) completed in 1977 on the Copper Queen zone, returned assays over a length of 1,040 feet (317 m) that averaged 0.41% Cu, 0.012% Mo and 4 ppm Ag. This “sulphide” zone represents a significant porphyry-style target.

www.falcongold.ca

Nancy