CARTIER INTERSECTS 7.1 G/T AU OVER 11.5 M 550 M BELOW ZONES 5B4-5M4-5NE ON CHIMO MINE PROJECT; ILLUSTRATING THE POTENTIAL FOR RESOURCE EXPANSION
Highlights (FIGURE 1):
Month: February 2020
Yukon Mint™ Announces 2020 ‘MY YUKON’ Gold Coin Design Contest
The Yukon Mint™ Corporation (Yukon Mint™) is pleased to announce its 2nd Yukon-wide gold coin design contest, MY YUKON, is now accepting submissions to design the front side (obverse) of a Yukon gold coin. The ‘MY YUKON’ gold coin design contest is open to all Yukon residents and offers artists the opportunity to interpret the Yukon culture, history and the land by presenting a design that recognizes the Yukon.
Cartier Resources: Doing the work to make a mine
Philippe Cloutier, CEO of Cartier Resources (V.ECR), understands that investors want a company to do what it says it is going to do. At the Chimo Mine project in Quebec, Cartier developed a plan which Cloutier was confident would position the past-producing mine for a new life as a gold producer.
We Got Gold
The junior mining industry lives and dies by the press release. The problem is that press releases often fail to communicate the importance of particular information. So we were delighted to receive a note from Renforth Resources which added some analysis to today’s press release.
Golden Predator: Re-imagining Yukon’s Brewery Creek Mine
There is gold all over the Yukon. Economic gold is a whole other story.
Additional Mineralization Added to Renforth’s Discovery Veins, Including 8.5m of 0.87 g/t Au at a Distance of 49.5m Down Hole
Renforth Resources Inc. (CSE:RFR)(OTC Pink:RFHRF) (“Renforth” or the “Company”) is pleased to share with our shareholders recent results from additional sampling of a Discovery Vein drill hole from November 2019. This resampling results in new assay information, including 8.5m of 0.87 g/t Au at a depth of only 49.5m down the hole, which was not previously known to be mineralized. This shallow mineralization was included in a total of 9.8m of mineralization the new data adds to the drill hole. The additional sampling was undertaken in order to obtain quarter cuts of certain samples which were taken in November 2019 but not processed due to equipment issues. In taking the quarter cut samples Renforth’s geologist decided to take “contingency” samples of greywacke in order close off mineralized intercepts. These contingency samples unexpectedly gave gold values in assay, including 2.3 g/t Au over 2m between 49.5 and 51.5m as measured in the core box. The core box in question is pictured below. The assumption in the field was that the sample would come back with a zero value, based on visual inspection of the core as compared to other core drilled in other areas. Renforth has discovered that this assumption is incorrect in the Discovery Veins.
Renforth Resources trading on Frankfurt Exchange
Renforth Resources (RFR-CSE) is now trading on the Frankfurt exchange under the symbol 9RR as well as the OTC-Pinks in New York (RFHRF).
White Gold Corp. Intercepts Significant Gold Values on Multiple New Drill Targets Across the White Gold Property, Confirming and Extending Regional Scale Mineralization Surrounding the Company’s Flagship Golden Saddle & Arc Gold Deposits
White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the “Company”) is pleased to announce Rotary Air Blast (RAB) drill results on multiple newly identified drill targets located across its White Gold property, in the prolific White Gold District, Yukon, Canada. Significant gold mineralization was encountered on several targets located in the area surrounding the Golden Saddle & Arc deposits. These targets were discovered through the Company’s proprietary, data driven exploration strategy and include the McKinnon East, Ulli’s Ridge, Minneapolis Creek and several other targets. The 2019 RAB drill program was designed to drill a limited number of holes per target as a preliminary evaluation of the target areas with preliminary drilling of the additional new targets and follow up to be performed in 2020. White Gold Corp’s fully-funded $13 million 2019 exploration program backed by partners Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corp (TSX: K, NYSE: KGC) included diamond drilling on the Vertigo target (JP Ross property), Golden Saddle & Arc deposits (White Gold property) as well as soil sampling, prospecting, GT Probe, trenching and RAB/RC drilling on various other properties across the Company’s expansive land package located in the prolific White Gold District, Yukon, Canada.
Golden Predator Announces Further Oxide Gold Drill Results from Brewery Creek Mine Including 19.8 m of 1.28 g/t Gold
Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (the “Company”) continues to report additional positive drill results from its 2019 drill program at its 100% owned and licensed Brewery Creek Mine project located 45 minutes from Dawson City, Yukon. Step-out and in-fill drill holes at the Kokanee and Golden Zones along Brewery Creek’s prolific Reserve Trend have established dip continuity of gold mineralization extending below both the Kokanee and Golden Zones and discovered a deeper, previously un-tested structure below the historical drilling in both zones.
Renforth Resumes Drilling at New Alger
Renforth Resources Inc. (CSE:RFR)(OTC Pink:RFHRF) (“Renforth” or the “Company”) is pleased to announce that drilling has resumed on Renforth’s wholly owned New Alger gold property, located in the Cadillac Mining Camp in northwestern Quebec. This program will drill several longer holes across the Cadillac Break, through the Piché volcanics and into the Pontiac sediments, further exploring the first, where Renforth recently discovered new gold occurrences, and getting deeper pierce points within the Piché, which hosts the existing identified mineralization on the property. The Company is pleased to have the support of shareholders in funding the Company in December 2019, those funds are being used to increase our knowledge and the value of New Alger.