Tag: gold

Levon extends a Gold enriched sulphide zone through the Cordero Ag, Zn, Pb, Au Resource

2017 infill drilling, aimed at improving starter pit economic projections
MotherlodeTV
Levon Resources logo

Levon Resources Ltd. (“Levon” or “the Company”) (TSX:LVN)(OTCQX:LVNVF) Levon is pleased to announce results of the 2017 core drill program (news release of May 15, 2017) at the Cordero Ag, Zn, Pb, Au discovery, 35 km north of Hidalgo Del Parral, Chihuahua, Mexico. Complete hole assays have been returned. The drill results are conformable with the grid drilling results of the 2014 Cordero resource (the “Resource”) (news release of May 15, 2017) and extend a Au (gold) enriched sulphide zone in a northern part of the Resource (Figures 1 and 2). read more

Victoria Gold: 64.0m @ 0.52 g/t Au at the Eagle Extension Zone, Dublin Gulch, Yukon

Immediately Adjacent to the Eagle Western Pit Wall
MotherlodeTV
V.VIT, Victoria Gold, gold

Victoria Gold Corp. (TSX VENTURE: VIT) (“Victoria” or the “Company”) is pleased to announce the receipt of additional analytical results from the on-going 2017 Dublin Gulch (the “Property”) exploration campaign. These latest results are from the 14 exploration drillholes completed on the Eagle Extension Zone, a previously under-tested area immediately west of the proposed Eagle Gold Mine, that has identified new near-surface gold mineralization in an easily accessible area. read more

First Mining Finance Announces Positive Preliminary Economic Assessment for its Springpole Gold Project

Estimated after-tax NPV5% of US$792 million and 26.2% IRR for the Springpole Gold Project at base case long-term precious metal prices
MotherlodeTV
First Mining Finance
First Mining Finance 9 21 2017

First Mining Finance Corp. (TSX:FF) (OTCQX:FFMGF) (FRANKFURT:FMG) (“First Mining” or the “Company”) is pleased to announce the positive results of an independent Preliminary Economic Assessment (“PEA”) for its Springpole Gold Project (the “Project”) in northwestern Ontario, Canada.  The PEA was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) by SRK Consulting (Canada) Inc. of Vancouver, Canada.  The PEA describes the potential technical and economic viability of establishing a conventional open-pit gold mine-and-mill complex for the Project.  The base case scenario utilizes long-term metal prices of $1,300 per ounce (“oz”) of gold (“Au”) and $20 per oz of silver (“Ag”). read more

Echelon on VIT’s new holes

JayCurrie
Gold, yukon

“Results were characterized by relatively shallow intercepts (mostly within 100m down-hole), averaging 12.3m overall and returning an average grade of 0.78g/t Au and 12.82g/t Ag. True widths are estimated at between 70% to 80% of interval lengths. The results compare well with grades from recent work at Olive and Shamrock, and particularly with Shamrock insofar as being fairly shallow. Drilling at Spinach tested an area of approximately 400m by 400m. For comparison, the Eagle Gold deposit, which is now under construction, contains Proven and Probable reserves of 2.7Moz Au grading 0.67g/t Au, part of a wider resource containing 4.0Moz Au grading 0.65g/t Au in Measured and Indicated resources, and a further 0.5Moz Au grading 0.61 g/t Au in Inferred resources.” read more