#PistolBayMining $PST Plans 2018 #Drilling #Program in Confederation Lake

Pistol Bay (TSX.V-PST) announced that it plans to commence a 2018 drilling program on it’s Confederation Lake greenstone belt in the very near future.

Charles Desjardins, President and CEO of Pistol Bay, commented, “After the company’s very encouraging VTEM plus survey in 2017, we are excited to commence the next stage of development of Confederation Lake volcanic massive sulphide belt.”

Three drill holes of at least 500 metres each are planned to further test the Arrow Zone, and to retrieve core for preliminary metallurgical testing.  The Arrow Zone was the subject of a 43-101 report in 2017 that presented an inferred mineral resource of 2,100,000 tonnes grading 5.78% zinc, 0.72% copper, 0.60 grams per tonne (g/t) gold and 19.5 g/t silver. (8.42% zinc eq.)

Additionally, the Company plans to survey the older drill holes on the Arrow Zone, which were drilled by Noranda in 1997 and 1998, using a gyro or similar method, to accurately determine hole deviation.  Collars of all holes on the Arrow zone will be surveyed by differential GPS to determine their precise location and the initial azimuth.  These new and precise measurements will allow more precise positioning of drill intercepts and will ultimately lead to a higher level of confidence in the mineral resource.

Approximately 10 diamond drill holes totaling approximately 2,000 metres will test the Fredart “A” zone (also referred to as the Copperlode “A” zone).  A historical resource estimate made in 1971 for the Fredart “A” zone, based on diamond drilling in the 1960s, was 386,000 tonnes grading 1.56% copper and 33.6 g/t silver, or alternatively 219,500 tonnes at 1.95% copper and 41.8 g/t silver.  Neither of these estimates conforms to any class of mineral resource or mineral reserve defined by the 2014 CIM guidelines.

Although the first five holes in 1965 were assayed for gold with results up to 1.2 g/t Au, the remaining 76 holes were not assayed for gold.  Four of the highest grade and widest drill intercepts on the Fredart “A” zone were:

DDH 65-03: 1.83 metres @ 5.24% Cu and 170.45 g/t Ag

DDH 66-11: 6.61 metres @ 3.37% Cu and 159.52 g/t Ag

DDH 66-15: 17.53 metres @ 2.54% Cu and 45.72 g/t Ag

DDH 66-18: 46.21 metres @ 1.18% Cu and 51.11 g/t Ag

Intersection lengths are core lengths; true widths are not known.  Sampling, assaying, security and QC protocols are unknown.

Technical information in this news release was reviewed by Colin Bowdidge, Ph.D., P.Geo., a Qualified Person as defined in National Instrument 43-101.

#TriumphGoldCorp TSXV$TIG $TIGCF #Discovery of Two New #Gold Showings on 100% Owned Andalusite Peak #Property, #BritishColumbia

Triumph Gold reports results of prospecting and geological mapping on the Andalusite Peak property. Highlights of exploration include:

  • Discovery of two new gold-silver-copper occurrences, the Julep and the Gentleman vein:
      • The Julep showing consists of a feldspar porphyritic mafic intrusion with disseminated clots and veins of tetrahedrite, chalcocite and secondary malachite and azurite.  It was grab sampled in two locations 21 metres apart.  Sample E446453 graded 1.18 grams/tonne (g/t) Au, 11.2 g/t Ag and 1.135% Cu, sample E446454 graded 21.1 g/t Ag and 2.72% Cu. The size and geometry of the showing was not fully mapped, and it remains open.
      • The Gentleman vein consists of an up to 20 cm thick chalcopyrite rich quartz-carbonate-magnetite-sulfide vein, with strongly altered and mineralized selvages.  The vein was grab sampled in two locations 17 metres apart: Sample I044403 graded 1.84 g/t Au, 17.3 g/t Ag and 2.25% Cu, Sample E446455 graded 0.459 g/t Au, 2.4 g/t Ag and 0.163% Cu.  The vein was identified where it crosses a mountain-top saddle.  It remains open to the northwest and southeast.
  • Alteration mapping, aided by the collection and analysis of 67 near-infrared reflectance (TerraSpec) samples, verified that the property has been affected by intense phyllic to advanced argillic alteration over an approximately 2 X 2 km area, constituting one of the largest and most intense alteration zones in northern British Columbia.

go to: www.triumphgoldcorp.com for complete news release

#TriumphGoldCorp TSXV$TIG $TIGCF to #Exhibit at #AME2018 #RoundUp #Core #Shack

Triumph Gold TSX.V-TIG OTCMKTS: $TIGCF will be exhibiting at the AME BC Roundup Core Shack on Wednesday, January 24 and Thursday, January 25. The conference is being held at the Vancouver Trade and Convention Centre West, 1055 Canada Place, Vancouver, BC.

Triumph Gold will be displaying drill core from its 2017 Freegold Mountain project, Yukon at booth number 816.

#TriumphGoldCorp TSXV$TIG $TIGCF Reports #Results from #Drilling at Nucleus #Gold #Silver #Copper #Deposit #Yukon

  • Results from 4,685 metres of diamond drilling in sixteen holes targeting the Nucleus Au-Ag-Cu deposit area:
  • Three high-grade gold intersections:
  • 5 g/t Au over 1.5 metres in N17-02 (174.50 – 176.00m).
  • 35 g/t Au and 7.3 g/t Ag over 1.44 metres in N17-07 (132.46 – 133.90m)
  • 2 g/t Au over 1.1 metres in N17-12 (111.00 – 112.10m)
  • Six infill drill holes tested underexplored portions of the Nucleus resource area where there are significant gaps in the current resource block-model. Each intersected zones of gold mineralization with grades that exceed the deposit average (0.544 g/t Au at a 0.3 g/t AuEq* cutoff), including:
    • 9 meters of 1.545 g/t Au in N17-02 (173.1 – 195.00m)
    • 14 meters of 0.799 g/t Au and 0.137% Cu in N17-03 (47.86 – 90.00m)
    • 14 meters of 2.696 g/t Au in N17-07 (126.86 – 138.00m)
    • 73 meters of 1.797 g/t Au in N17-12 (99.00 – 116.73m)
    • 00 metres of 0.701 g/t Au also in N17-12 (212.00 – 242.00m)
  • Five step-out drill holes that tested for extensions of Nucleus mineralization to the north, south and east of the current resource area intersected zones of gold mineralization that exceed the 0.3 g/t AuEq* cutoff grade of the deposit including:
    • 00 metres of 1.005 g/t Au in N17-01 (165.00-177.00m)
    • 20 metres of 0.485 g/t Au and 0.185% Cu in N17-06A (66.80 – 96.00m)
  • N17-10, which tested a previously undrilled 1.0 X 0.7 kilometre chargeability anomaly that lies north of the current Nucleus resource, bottomed in mineralization:
    • 53 metres of 0.513 g/t Au (453.00 – 474.53m) including 9.53 metres of 1.089 g/t Au (465.00 – 474.53m).
  • Paul Reynolds, Triumph Gold Corp.’s President and CEO, comments: “Drilling at Nucleus in 2017 established the potential for increasing the size and grade of the Nucleus resource through infill and step out drilling. Every hole that was drilled within the resource shell intersected broad zones of gold mineralization with grades that exceed the deposit average. In addition, six new drill holes in the underexplored southern portion of the resource demonstrated remarkable continuity of previously poorly understood gold-bearing structures, which we now feel confident and excited, to drill in broad step outs beyond the current resource shell.”

go to: www.triumphgoldcorp.com for full news release

@TriumphGoldCorp $TIG $NFRGF 2017 #Exploration Plans #Gold #Yukon

Triumph Gold Logo

Triumph intends to execute a $4 million exploration program on the Freegold Mountain property, as well as smaller reconnaissance mapping and sampling projects on Tad/Toro and Severance properties in Yukon and Andalusite Peak in northern British Columbia.

Exploration on the Freegold Mountain property will commence in late May and extend until early October.  The work will include approximately 13,000 m of diamond drilling, seven line km of trenching, geological mapping, prospecting and a soil geochemistry survey.

Drilling will be focused on four areas:

  1. Nucleus (4,000 m). The Nucleus deposit involves several superimposed deposit types and contains 1.3 million Ozs gold within 74.7 million tonnes in the indicated category (0.30 g/t AuEq1 cut-off).  2017 exploration drilling will comprise broad step outs that target areas prospective for extensions of one or more of the deposit types.
  2. Revenue and the adjacent Blue Sky Zone (5,000 m). Revenue is a porphyry style deposit that contains 1.0 million Ozs gold, 8.98 million Ozs Ag, and 241 million lbs copper within 80.8 million tonnes in the inferred category (0.5 g/t AuEq1 cut-off).  2017 drilling near Revenue will focus on the Blue Sky Zone, a 2.3 square km area to the east of Revenue, with coincident soil and chargeability anomalies that are adjacent to and along strike of some of the longest and best drill intersection within the main Revenue Zone (e.g. 16% Cu, 0.66 g/t Au over 196.02 m [RVD11-019 368.88 – 476.94m]).
  3. The newly discovered Generation Zone (2,000 m). The Generation zone is a porphyry copper gold target identified in 2016.  It consists of strongly altered granodiorite exposed over 80 meters that contains a high density of mineralized quartz +/- magnetite veins. The mineralized outcrops are centered approximately 150 meters above the modeled depth of a strong 2.9 X 1.3 km chargeability high.
  4. A soil and geophysical anomaly that extends 2 km along strike between the Nucleus and Revenue deposit areas (2,000 m).

Drilling at the Nucleus and Revenue deposit areas will constitute significant step outs, up to 1.5 km from the current resource areas, to test new exploration targets developed during a thorough data and drill core review conducted in 2016.

Exploration at the property’s third resource area, the Tinta polymetallic vein deposit, will include broadening of the existing soil geochemistry survey area with approximately 1,200 samples over 7 km2.  This will complement the ground magnetic and VLF-EM survey that was conducted in 2016, which defined several strong conductors that parallel the Tinta vein deposit and are coincident with Au, Ag, Pb, Bi in soil anomalies over the limited existing soil grid.  Once results are obtained, trenching will be conducted over coincident anomalies.

A number of less developed prospects on the Freegold Mountain property, including the Nitro, Castle, and Stoddart porphyry prospects and Goldy, Ridge, and Irene epithermal gold prospects, will be the subject of focused data, drill core, and field studies/reviews by Triumph’s senior geologists in order to evaluate exploration potential.

NI 43-101 Disclosure

  1. AuEq is based on metal prices of $1,250/oz for gold, US$22.00/oz for silver, US$2.90/lb for copper and US$10.00/lb for molybdenum. The AuEq calculations reflect gross metal content and do not apply any adjustment factors for difference in metallurgical recoveries of gold, copper, silver and molybdenum.
  2. Mineral resources do not demonstrate economic viability, and there is no certainty that these mineral resources will be converted into mineable reserves once economic considerations are applied.
  3. The above mineral resource estimates have been prepared in compliance with the standards of NI 43-101 by J. Campbell, B.Sc., P. Geo., A. Armitage, Ph.D., P. Geol., A. Sexton, M.Sc., P. Geo., and D. Studd, M.Sc., P. Geo. of GeoVector Management Inc.

The technical content of this news release has been reviewed and approved by Tony Barresi, Ph.D., P.Geo, Vice President Exploration of the company and qualified person for the purposes of National Instrument 43-101 — Standards of Disclosure for Mineral Properties of the Canadian Securities Administrators.

Options Granted

Subject to regulatory approval, the Company has granted 5,900,000 incentive stock options to officers, directors, employees and consultants at a price of $0.40 per share for a period of five years from grant.

@PistolBayMining $PST Increases Size of Confederation Lake VTEM Survey

Pistol Bay Logo3Pistol Bay expanded the upcoming VTEM airborne electromagnetic and magnetic survey to cover almost twice the area of the original survey plan. Geotech Limited is contracted to survey the 40 km length of the Confederation Lake greenstone belt, southeast of Red Lake, Ontario.

With a larger loop, more power and better signal-to-noise resolution than earlier airborne electromagnetic systems, the current version of VTEM™, known as VTEM™ Plus, is able to resolve conductors at significantly greater depths than any previous airborne system.  By flying a survey over large areas of favourable geology, Pistol Bay will be exploring a depth slice that has only been investigated in the past by large-loop ground EM systems over very limited areas.  Target definition will be materially assisted by two recently acquired data sets.  A whole-rock geochemical database with almost 7,000 analyses was inherited from Noranda Exploration by AurCrest Gold Inc. and delivered to Pistol Bay as part of the AurCrest Gold property acquisition (see Pistol Bay news release January 18, 2017).  As well, a data set of Selco drill results, many of which were never in the public domain was supplied by the vendor of the Joy North property (see Pistol Bay news release February 22, 2017).

#PistolBayMining $PST Retains MPH Consulting Limited to Review Historical Data

#PistolBayMining (TSX.V-PST) has retained MPH Consulting to carry out a review of all historical geophysical surveys on the Dixie zinc-copper-silver projects, in preparation for a planned fall diamond drill program. The Dixie projects are in the Confederation Lake greenstone belt, 35 km southeast of Red Lake, Ontario. the Confederation Lake belt is known for its numerous volcanogenic massive sulphide (VMS) deposits and occurrences.

  • Between 1977 and 2004, Selco Ltd., BP Minerals, Noranda and Tribute Minerals (now Aucrest Gold) carried out numerous ground geophysical surveys including magnetic surveying, horizontal loop electromagnetic, large-loop pulse EM surveys and a Titan 24 deep earth-imaging survey that comprises DCIP and magneto-telluric surveys, including a borehole probe. The Titan 24 survey defined a new blind anomaly that does not come to surface below the Dixie 19 zone.
  • A second, much larger and deeper conductive anomaly was located approximately coincident with, but below the Dixie 20 anomaly. The conductive body has an irregular shape and reported to extend over an east-west length of 1,800m.
  • Because of the complexity of the historical data, the company has requested that a critical review of all of the past geophysical surveys that will lead to prioritizing targets for future exploratory drilling be carried out by Jeremy S. Brett, MSc. PGeo, senior geophysical consultant at MPH Consulting.

Pistol Bay Logo3

Grizzly $GZD $GZDIF Closes 1st Tranche of Private Placement of Units

Grizzly Discoveries (TSX.V-GZD) (OTCBB-GZDIF) has closed the first tranche of their private placement issuing 2,794,680 units at a price of $0.05 per unit for gross proceeds of $139,734. Each unit consists of one common share and one non-transferable warrant. Each warrant entitles the holder to acquire one additional shares at an exercise price of $0.075 per share.


200,000 of the 2,794,680 units sold were purchased by insiders of the Company. No commissions or finders fees were paid. The proceeds will be used for general working capital.

#Kinross’ KG Exploration Completes 2015 Work Program, Submits Plans for 2016 Exploration on 75% Option from #Grizzly $GZD $GZDIF on #Greenwood Property, #BC

Grizzly_72dpi#Kinross has completed its 2015 work program on the 131 claims that form a  contiguous package totalling approximately 27,345 ha, representing one third of Grizzly’s land at Greenwood. Kinross can earn a 75% interest on optioned land by incurring US$3 million in exploration expenditures over a five year period.

Five target area were selected – Attwood-Overlander, March Creek, Kerr Creek, Bruce Creek and Midway – to assess and prioritize targets on the land package for further work in 2016. Kinross uncovered previously unrecognized epithermal quartz veining and precious metal mineralization at the Attwood-Overlander area. Rock grab samples from the exposed epithermal veins that range from 0.75 to 2 m in width returned up to 29.8 g/t gold. This is considered a high priority for follow-up exploration in 2016.

Rock and soil sampling at March Creek, Bruce Creek and Kerr Creek have returned anomalous precious metals and epithermal indicators and warrant follow-up exploration in 2016. The geochemical results at the Midway Target may indicate the presence of an epithermal overprint and further exploration is recommended for 2016.

Kinross has indicated that the initial objective for the 2016 program will be to continue to evaluate the potential of the various target areas, working up specific targets to move forward using detailed mapping along with geologic and deposit models as a guide as well as many of the regional data sets already completed by Grizzly to move certain targets to a drill testing stage, potentially in 2016. Many of the target areas on the property are currently at the generative stage, with only a few geophysical and/or geochemical based targets having been drilled by Grizzly to date.

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.