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Leading News Releases
September 16, 2019 – Beta Hunt Gold Mineralized System Continues to Grow
TORONTO – RNC Minerals (TSX: RNX) (RNC) is pleased to announce results of the recently completed Exploration drilling program that was drilled from underground positions within the Beta Hunt mine. A total of six holes were completed for 2,190 m. Drilling targeted three shear zones – Fletcher (one hole), Western Flanks north (four holes) and East Alpha (1 hole). Drilling was designed to test conceptual targets, and to investigate the potential for extension of the Western Flanks Mineral Resource to the north. The balance of the original 5,000 m planned for exploration drilling has been deferred for the time being to focus on other priorities. Exploration at Beta Hunt will continue to focus on the identification of gold and nickel drill targets based on a review of historic (and current) drill holes, supported by an improved understanding of the mineralization and geological controls generated by the 2019 resource definition drill program.
Paul Andre Huet, President and CEO of RNC, commented “The extension of the Western Flanks mineralization is very positive for RNC, as it is consistent with our view regarding the potential for continued mineral resource additions at Beta Hunt. With our recent results, we have extended the strike length of the Western Flanks shear zone by an additional 200 m to the north of the current resource base. The potential for the Fletcher zone to be added as Beta Hunt’s third major mineralized zone is progressing well based on our recent drilling, leading us to identify further high priority drilling targets along the shear. Our drilling campaign this year resulted in a major increase (+395%) to our Measured and Indicated resource base, now totaling 944 koz. These ounces came at an extremely low discovery cost of $7.30 per oz. Overall, I am extremely pleased with the ongoing drilling program, which has intersected mineralized zones beyond our already significantly increased mineral resource base.” Read more…
September 5,2019 – Max Resource Announces Significant Gold Discovery Zone at North Choco
Vancouver B.C., September 5, 2019 – MAX RESOURCE CORP. (“Max” or the “Company”) (TSX.V: MXR; OTC: MXROF; Frankfurt: M1D1) is pleased to report stream sediment sampling at North Choco conducted in July-August has returned highlight values in excess of 800 ppb gold and has discovered a new gold exploration target (the “Discovery Zone”) covering an area of over 3 km by 1 km and open-ended. The source of gold could be indicative of the presence of potentially economic porphyry-style gold mineralization. This area of the Company’s North Choco Gold Project (“North Choco”) is located approximately 80 km SW of Medellin Colombia (see Figure 2). It has not been accessible to exploration for over a decade and has no known history of mineral exploration.
The Discovery Zone is characterised by anomalous stream sediments in several neighbouring creeks running from 143 ppb to 834 ppb gold (see Figure 1) and is coincident with the presence of government mapped granodiorite intrusives. Additionally, the exploration program identified an anomaly grading 658 ppb gold approximately 12 km NEE of the Discovery Zone also underlined by granodiorite. Read More…
August 28, 2019 – Noble Fully Repays Mining Land Taxes on Project 81
Toronto, Ontario – August 23, 2019 – Noble Mineral Exploration Inc. (“Noble” or the “Company”) (TSX-V:NOB, FRANKFURT: NB7, OTC.PK:NLPXF) is pleased to announce that ithas been advised by its Option and JV partner on Carnegie Township the results of the 2019 winter drill program.
At Carnegie a total of seven holes were drilled to test conductive trends from a previous airborne EM & Magnetic survey flown in 2018. Four holes encountered anomalous zinc and copper mineralization with one hole (CG19-01) intersecting 12.0 m of Zn mineralization with some sections greater than 1% zinc that require re-assay. One drill-hole encountered up to 18 m of massive to semi-massive sulphide containing anomalous but low-grade zinc.
Airborne EM and Magnetic surveys have been completed on the northern part of Carnegie Twp. in early 2019. Two more holes are scheduled to be drilled at Carnegie to test additional airborne targets, starting in September, 2019.
“We are very pleased that our Carnegie partners will continue with additional work on the Carnegie targets. Noble will continue its business model of “Project Generator” by seeking additional Option and JV Partners to our extensive 79,000 ha land holdings”
Vance White, President and CEO
A follow-up drill program is planned to continue exploration in the area around CG19-01. Read more…