Showing posts with label USD Collapse. Show all posts
Showing posts with label USD Collapse. Show all posts

Canada Zinc Metals drills 9.82 m of 7.69% Zn+Pb at Cardiac czx.v, lun.to, tnr.v, bwr.to, cs.to, imn.to, ncu.to, tko.to, wrn.to, qux.to, rio, bls.to, tck

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This company is in a consolidation pattern - nobody wants it - apart from Chinese giant Tongling, another Chinese investor and Lundin Mining, which is still sniffing around this deposit. Will it be in the end the same "nobody wants time" as we had with other juniors this August? We do not know, but we like the things, which insiders or industry leaders or both are buying. We had a very exciting run after summer napping time in Almaden Minerals, Copper Fox Metals, Goldstone Resources, Sunridge Gold, Avino Silver, Alkane Resources, NGeX Resources, Revett Minerals - to name a few among other companies. 

Canada Zinc Metals and TNR Gold are still lagging the performance and they are late to the QE party, but whether it is still a buying opportunity will be decided by the Mr Market in the end, as usual.

What is the common sense in the so different investment situations: when Erick Sprott  buys into Avino Silver, Silver Wheaton buys into Revett Minerals, Lukas Lundin buys into NGeX Resources and invest more to keep its stake in Sunridge Gold, Panasonic buys into Tesla, Tongling buys into Canada Zinc Metals and Nova Gold sells 50% of 1 mil NON 43-101 historical resource of gold at Shotgun for shares of TNR Gold and significantly increase its position in that company? All these situations are common only in one, but very powerful in investment world thing: industry and/or company insiders are buying in. Can they be mistaken - yes, by all means - but we like to follow the "smart" money.

Tongling, apparently, has spent some time and money with one of the leading consultants in the industry on DD before making a decision to increase its stake to over 30% in Canada Zinc Metals. Time will tell you and us, as usual - who is making mistake us or the market in pricing of this M&A situation in Canada with Chinese deep pockets. Catalyst will be:

1. Closing of Tongling financing.
2. Higher zinc and lead prices (QE multiplied by Zinc shortage, according to some reports).
4. New discoveries at the North Lead anomaly.
5. Lukas Lundin involvement.

Email from the Company:


Please find below, for your information, an excerpt from the November 3, 2010 “Metals Morning Note” issued by Salman Partners of Vancouver, British Columbia, Canada.

Regards,

Canada Zinc Metals Corp.

TSX.V: CZX; Frankfurt : A0F7E1
“Zinc
The world is exhausting its mines”
“Teck Resources Inc…. also gave a bullish outlook for zinc in its investor day presentation, pointing out – as we have – that a series of mine closures beginning in 2012 is likely to lead to a growing global shortage of mined zinc.”

__________________________________________________________________________________________________________________________________
About Canada Zinc Metals Corp.
Canada Zinc Metals is a mineral exploration company focused on unlocking the potential of a future long life mining district in British Columbia, Canada.   The Company is the dominant land holder in a world class mineral belt called the Kechika Trough which hosts in excess of 80 million tonnes of base metal resources.   Canada Zinc Metals owns a total of 78,526 hectares in 233 claims which extend northwestward from the Akie property for a distance of 125 km.
The Company has filed a NI 43-101 report supporting the estimated inferred resource of 23.6 million tonnes grading 7.6% Zn, 1.5% Pb and 13.0 g/t Ag (at a 5% Zn cut off grade) at its flagship Akie property.  Using this estimate, the deposit contains 3.95 billion pounds of zinc, 780 million pounds of lead and 8.95 million ounces of silver.  The deposit remains open in all directions.
Tongling Nonferrous Metals Group and Lundin Mining are significant shareholders of the Company.
Please visit us at www.canadazincmetals.com
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Gold in Canada: Goldstone operator drills 114 m of 7 g/t Au at Hardrock grc.to, tnr.v, ng.to, bvg.c, bva.v, amm.to, ktn.v, gbn.v, rvm.to, mgn, asm.v, sgc.v, ngq.to, btt.v, alk.ax, nem, fcx, bvn, auy, abx,

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It was worth waiting for, we have a best result to date from Hardrock property - Premier Gold drilled there 7.92 Au g/t across 114.5 m! Golstone Resources is breaking out to the upside today on volume.


"The End of Money: Gold will be go much higher from here, it will not be the straight line, but every set back will provide an investment opportunity in Gold and Silver space. We will share with our thoughts and companies we like and you will be cautioned to make your own DD as usual.
Next stage will be fight for the resources and M&A activity at all stages of investing in Gold mining cycle. With rising Gold price and inflated paper Majors will shop for juniors to buy time and gold in the ground. Jim Puplava will be a very good narrator to all our travel maps and reports about our journey. With rising gold, price price of physical gold will become even more prohibitive, we do agree with Jim that people will start to buy gold mining shares again with their easy to run discount brokerage accounts."



"Very interesting: Goldstone Resources has  found another reason to be acquired by Premier Gold - 44m of 3.17 g/t intersection at "The Key Lake property is contiguous to the Premier Gold/Goldstone Resources Hardrock project where diamond drilling by the company's partner, Premier Gold Mines Ltd., has established a significant gold resource at surface as well as high-grade intersections at depth."

StockWatch:


2010-11-04 10:18 ET - News Release

Mr. Philip Cunningham reports

HARDROCK PROJECT DRILLING: BEST RESULTS TO-DATE

Goldstone Resources Inc. operator Premier Gold Mines Ltd. has delineated significant gold mineralization in multiple horizons at the Hardrock joint-venture project in Northwestern Ontario. There are currently 11 drill rigs operational on the property, testing for extensions of previously mined zones and exploring new target areas. Goldstone holds a 30-per-cent carried interest in the Hardrock project.
Recent highlights include:
  • 7.92 grams per tonne gold across 114.5 metres including 23.56 g/t Au across 31 m in hole MM179C conducting initial resource-confirmation drilling in the F zone;
  • 18.49 g/t Au across 20.5 m in hole MM170 located approximately 500 m west of the limits of previous exploration;
  • Recent exploration drilling has intersected strong mineralization in new areas on the property, and assays are expected in the near future.
"We have ramped up our drilling due to unparalleled success in multiple areas. Expansion of historically mined zones and multiple new discoveries are expected to add materially to the current gold resource at Hardrock," stated Ewan Downie, President and CEO of Premier. "This continued success demonstrates the potential to define a multi-million ounce gold deposit".
"We continue to be gratified by results at the joint venture with Premier, while aggressively pursuing drilling programs on our 100%-owned properties in the Geraldton-Beardmore camp, including the Key Lake property, contiguous to the Hardrock Project," added Philip Cunningham, Goldstone Chairman and Interim CEO.
F Zone Resource Delineation
The F-Zone is the largest of the past-producing mine zones at Hardrock which produced more than 1.4 million ounces utilizing bulk underground methods with widths often exceeding 30 metres (100 feet). Importantly, when the mine closed in 1960's, a 600-metre plunge length of ore was left unmined. Hole MM179C is the first of several holes to confirm this mineralization and upgrade it to NI43-101 resource standards (see Figure 1 and Table 1) This intercept returned the following assays:

More.


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Gold in Canada: Bravo Gold drills 9.6 m of 5.9 g/t Au at Homestake bvg.c, bva.v, tnr.v, ng.to, grc.to, amm.to, ktn.v, gbn.v, rvm.to, mgn, asm.v, sgc.v, ngq.to, btt.v, alk.ax, nem, fcx, bvn, auy, abx,

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  So far our interaction with Bravo Gold was a total disaster, even spin out of Bravada Gold did not make this stock fly like others with higher gold prices. We have a very small position and are wondering now whether it is time to accumulate this ugly duckling in total distress? The company just recently raised more than 3 mil in flow through financing at 0.2CAD and the property is under drill now with first results coming out. Everything with discount of 15%-20% to the flow through pricing will be interesting - means that in the range of 0.17CAD - 0.16CAD this story could be entertaining again.

GoldLetter International - take this one with a grain of salt with target price of 0.4CAD, but it gives you a good overview of the company.


Bravo Gold Corp. is a well-financed Canadian based exploration company committed to increasing shareholder value with an experienced management team that has successfully demonstrated the ability to identify, explore and develop gold/silver properties within North America.


The company’s major asset, encompassing 2, 5851 hectares, is the 100% owned Homestake Ridge project in B.C., a gold-rich epithermal/VMS-related vein system hosted within Eskay Creek equivalent stratigraphy that is rapidly advancing with excellent drill results. Since initial acquisition in 2003, Bravo has moved the project from grass-roots discovery to delineation of the high-grade mineral resources to further discovery of what may evolve into a substantial gold district in north-western British Columbia.

Bravo also has a 100% option on the Silver basin Project which is located 14km southeast of the Homestake Ridge Project. The Silver Basin project consists of a single amalgamated claim of 760 hectares, Hazelton volcanic and sedimentary rocks underlie the project, which is the same package of rocks that host the bonanza-grade Eskay Creek mine farther north.
The company’s holdings, strategically located within the Battle Mountain/Eureka “Cortez” gold trend in Nevada have been spun-out to Bravada Gold Corp. in which Bravo holds 34 percent shareholding interest.

The Homestake Ridge project is being advanced as a potential high-grade underground mining operation. Since 2003, Bravo has completed over 40,800 meters in exploration and delineation drilling and in 2010 reported a NI43-101 compliant mineral resource estimate for the project of 191,000 ozs gold and 1,350,000 ozs silver plus an inferred resource of 348,000 ozs gold and 7,990,0000 ozs silver at a 3.0 g/t AuEq. cut-off in two separate deposits (1). Multiple exploration targets identified through surface exploration and a recently acquired +630 line kilometre airborne geophysical survey remain to be tested on the property and highlight the “district-scale” potential of the project.

Bravo continues to move the Homestake Project through preparatory stages to facilitate the ultimate development of the project. The company has assembled a group of exploration and mining professionals to advise and advance non-exploration related aspects of the program including data acquisition and QAQC protocols, resource modelling and preliminary engineering, economic assessment, ore metallurgy, road access and permitting.
The project is located on Nisga’a Lisims Treaty Land. Bravo has and continues to develop an integration policy that engages and incorporates local people and economic interests into the exploration and development programs.

Bravo Gold Corp. is affiliated with Manex Resource Group, a private company comprised of an exceptional multi-disciplinary team of professionals, with specific expertise in all the areas of exploration, development and public company administration.

2010-10-28 16:02 ET - News Release
Mr. Joseph Kizis Jr. reports
BRAVO EXTENDING HOMESTAKE MINERALIZATION; DRILLS 9.6 METRES OF 5.9G/T GOLD
Bravo Gold Corp. has extended mineralization above a three-gram-per-tonne-gold-equivalent cut-off in multiple horizons at the Homestake silver deposit on its 100-per-cent-owned Homestake Ridge project located in northwest British Columbia.
The company provided results on a further 10 drill holes from the 2010 exploration program, including HR10-198, which returned a 0.6-metre interval averaging 56.3 grams per tonne (g/t) gold and 48.3 g/t silver within a broader 9.6-metre interval averaging 5.9 g/t gold and six g/t silver. Drill hole HR10-198, together with holes HR10-197 and HR10-192, define coherent gold-enriched mineralized horizons in the upper volcanic stratigraphy that extend the Homestake silver deposit an additional 200 metres along strike and to the northwest of the 2009 drill-defined limits. Assays are pending for 14 holes that offset this mineralization, which could further expand the potential resources of this deposit.
Drilling in the Fox Reef and Vanguard copper zones returned thick intervals (greater than 100 metres) of strongly anomalous gold (greater than 0.1 part per million), copper and pathfinder elements such as Mo and Bi, which may indicate proximity to large intrusion-related mineral systems, which remain viable targets for future exploration on the property.
Bravo has now completed the 2010 drilling program at the Homestake Ridge project, and crews are in the process of demobilization. A total of 48 core holes have been drilled on the property for approximately 17,924 metres during this year's program. Assays from 20 of these drill holes are pending. Twenty-six drill holes totalling 11,972 metres tested the Homestake silver deposit while 22 drill holes totalling 5,952 metres were completed in six other targets on the property.
An updated long section of the 2010 drill plan and a full compilation of the 2010 assay summaries are available on
Bravo's website."

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The End of Money: Why and How to invest in Lithium and what Gold at 5000 USD/oz will tell us? - Inflation, Inflation, Inflation. TNR.v, CZX.v, GRC.to, AMM.to, RM.v, LMR.v, SGC.v, NGQ.to, CUU.v, EPZ.to, KTN.v, GBN.v, BVA.v, BVG.v, BTT.v, ASM.v, MGN, RVM.to

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CS. Nobody told us, when we will be there - but we are all going in that direction.

Expect the unexpected and new corrections will provide new Entry Points in these Bulls. All you have to do is to find them and ride the course with the discipline - it is the part which separates boys from the men and investors from their money.

As you have noticed, we have almost stopped  our preaching about Gold - now Jim Cramer is doing this job for us. We can concentrate on our investment themes and particular instruments to be in the right boat, when the tide will come.


Recent run in Gold reflects the public distrust for all Fiat currencies. US dollar will always have a particular focus here.

We have the very strong complications with FED engaged in QE in a situation, when Federal Reserve is as federal as Federal Express. In absence of Gold - as the base for the monetary system - with it's external disciple, we have a traders paradise, when Enron is auditing itself. Arthur Anderson has not saved the shareholders of Enron and collapsed with it's client - today in our monetary system nobody even pretends to be sane any more.



Last few weeks we are hearing a lot of voices about the currency war, when all governments are trying to debase their currencies again each other. So far they are all successful in driving Gold up against all Fiat currencies.

US Dollar will have it's own destiny here: General Bernanke is winning his war against deflation. US corp. With it's total obligations above 100 Trillion dollars will have to debase it currency not only against Gold on par with other Fiat currencies, but also against other fiat currencies. We will remind you the basic math about inflation economics and the value of Debt.

"7. China holding record amount of treasuries and US Dollar denominated assets is the interesting combination with idea of national security, but we do not bank on Crash - gradual collapse in US Dollar will do the trick: 7% inflation in the real terms will slash the debt by almost 50% within next eleven years."





Buyers of US Treasuries are at least suicidal now. This Bubble is popping in front of our eyes.



Deflationists just do not get it: inflation is the monetary process of expanding the monetary base. In absence of external discipline - like gold in a gold based monetary system - nothing and nobody prevents the FED to create money out of thin air and distribute it into the system. In the most extreme circumstances General Bernanke promised to use Choppers to bring it - if tomorrow every household in U.S. will receive a cheque for 1 million - what kind of deflation will we be talking about? Is it insane? Not in our place.


Actually, deflation camp already has their deflation unfolding: just divide prices of  every asset class for the last few years by gold price to nominate prices in gold terms - they are all in a steep decline.



It is not only our theory any more - FED chairman Mr Bernanke has openly demanded more inflation and other members of FED were talking about it extensively last few weeks.

Update Oct. 12, 2010

  In order to know where we are going, always keep your eyes on our friends across the pond - UK was ahead of U.S.  in banks bail out and announced QE - now it is ahead with looming inflation and stagnating growth:

Bloomberg: U.K. Inflation Topped 3% Limit for Seventh Month in September

Gold will be go much higher from here, it will not be the straight line, but every set back will provide an investment opportunity in Gold and Silver space. We will share with our thoughts and companies we like and you will be cautioned to make your own DD as usual.

Next stage will be fight for the resources and M&A activity at all stages of investing in Gold mining cycle. With rising Gold price and inflated paper Majors will shop for juniors to buy time and gold in the ground. Jim Puplava will be a very good narrator to all our travel maps and reports about our journey. With rising gold, price price of physical gold will become even more prohibitive, we do agree with Jim that people will start to buy gold mining shares again with their easy to run discount brokerage accounts.

With all this inflation unfolding we have another ground breaking, tectonic shift: Peak Oil multiplied by inflationary pressure on prices of all commodities. If gold at 5000 USD/oz will affect only very small part of our society - oil prices above 100 USD/barrel will affect everyone and can tear apart the canvas of our society. Here where Electric Cars and new oil - Lithium and REE are coming into the picture with it's new generational bull mega trend - Next Big Thing in action.

We did pretty good with "old and barbaric" in the Google age asset - Gold - we dare to put our money in the age of Twitter and Facebook on the future again and start to think in advance how all these kids are going to drive their kids to the soccer games.

Once or twice we already had "the feeling" - just a few times will be enough to make things right:

"Time when the prediction was made that Google could deep below 250 in a severe Bear market valuation passed in our memory as so distant and happy that it is almost not worth mentioning. But the call was done and was right on the money.



http://sufiy.blogspot.com/2008/07/google-goog-bear-case-contunued.html


Other observations could come into life with recent developments. Announcement about the new Head of Treasury fired the rally in the market. Yesterday all hope was lost: VIX made break up, DOW has violated Bearish Flag downwards and US Dollar almost broke up to upside. Today was the different story and first Gold start to rally and overtake very important resistances on the way to 800. HUI, GDX and all Goldies have followed in unison with gains up to 31% in Barrick Gold ABX. November, 2008"
 

"This is why we did not like to short the last leg down and preferred to accumulate Rally plays like China FXI, Zinc CZX.v, Zinc/Copper LUN.to, CUU.v, Grains HAU.to. Now the chances are that US Dollar will go finally down on fundamentals, markets will rally and then US Corp should prey that Oil will stay below 75, our Lithum ideas will be handy as well now. Commodities is the place to be for us again: base metals Juniors are sold into the ground - for China play and Gold and Silver for "Bet against Central Banks", it is a new fashion among Hedge Funds, when they are buying gold. March, 2009"



But back to the Lithium and how we are going to drive with gold at 5000:
 



"We have been proudly running Gold Bull for nearly ten years now: Gold first, than Majors and follow up on Junior side. We were always wondering about Future of Energy and have collected some great memories on Uranium Run, Solar and Water plays. Gold Bull has years to run, but we are searching constantly for new Macro trends - it is very interesting to find out what will be the next Bull which will come out of these rubbles in case we are right and Inflation will be the answer to the Deflation war scenario. It is time for Lithium to come into picture.



Lithium is the leveraged play on Peak Oil and rising Oil price with coming Inflation. Sector is very small and market is even more smaller - everything is ready for the parabolic move in case of supporting fundamentals.

Recent Oil Spill shows the real price for Oil and leaves no doubt for us that there will be no more cheap oil: offshore drilling is costly now, it will be even more costly later. Relatively cheap Oil is in the hands of state owned companies in not so friendly to U.S. places. Oil squeeze will come from diminishing production rates and rising Inflation. The move will be even more explosive than in the Gold market - in the end only minority of people is effected by the gold price even now, Oil is the underlining of all Western Energy Diet. It is not sustainable. Emerging markets are taking more and more share of world wide production, oil producing countries are spending more at home. If you account all cost to produce, deliver and protect Oil supply to U.S. corp the price is already above 150 USD/barrel."


Peak Oil theory moves from status of almost conspiracy theory and into the official government reports:


More on Peak Oil:

This year we have quite a few warnings already about Peak Oil from main stream economists, universities, US military and government agencies all around the world. The question now is not if, but when is it going to happen.

We have time still, but it is running out very fast. After a certain point in the oil price increase the only concern we are going to have about Electric Cars will be their availability on a mass scale to preserve our way of life and freedom."

In the last weeks we had a very important confirmation of returning risk appetite and liquidity coming into the junior mining sector. Most of our Summer 2010 Picks have been breaking to the upside already, finally reflecting the fundamentals and catching up with Gold, Silver, Copper and Zinc prices and Majors' valuations. M&A deals like in Potash, Gold, Zinc and Lithium to name a few, will drive this process further. Junior mining companies are holding resources, which majors are ready to buy to keep up their production rate - trading premium for time and risk developing them.


It's much more risky, but the reward is based on a very high leverage of exploration and development plays in these micro cap companies. If our investment thesis is wrong or we chose the wrong company, the end game will be brutal to our investment outcome - therefore you have to know what you are doing. Today we will discuss our lithium hit list below: all these companies are in the Byron Capital Lithium Index and we own these stocks or have owned them before. The game here is based on the combination of the rising price of underlining commodity (Lithium Bull this time), multiplied by the developments in this particular junior: exploration discoveries and resource definition with strategic partners involved and up to the M&A as it happened with Salares Lithium recently.

As usual, please do not forget that we do not provide any investment advise on this blog."

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Gold and Copper in Africa: Sunridge Gold restarts exploration drilling at Asmara SGC.v, NGQ.to, TNR.v, GRC.to, PG.to, GG, NEM, ABX, NG.to, BVA.v, BVG.v, MXR.v, GBN.v, AMM.to, BTT.v, LAQ.v, GDX, HUI, XAU

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"First Gold will make new all-time high, second will be M&A play: Majors will shop for Juniors with resources in the ground. Here is the double-game - Gold is moving up and Majors' production and Reserve Base is going down. If you like more leverage you are welcome to Silver market. Place to be is in stories will strong management, growing resources and stable political situations. Markets will be volatile by all means and political tensions will be driving this Gold Bull as well."






"Sunridge Gold is on the move today with a big volume. Company has announced non brokered financing: with this kind of action we can expect either results from drilling or somebody serious will take the significant position in the company - will it be Antofagasta Minerals S.A., confirming the value of it is previous investment or somebody else will come into picture?"







Sunridge Gold restarts exploration drilling at Asmara




2010-10-06 13:58 ET - News Release

Mr. Michael Hopley reports



SUNRIDGE GOLD RESTARTS EXPLORATION DRILLING AND MOBILIZES A SECOND DRILL TO THE ASMARA PROJECT, ERITREA



Sunridge Gold Corp. has commenced a new exploration drilling program on the exploration areas of the Asmara project, Eritrea. This program consists of at least 3,000 metres of diamond drilling and is targeting areas that have the potential for large new discoveries. In addition, Sunridge has mobilized a reverse circulation drill rig to Eritrea in order to commence a 4,000-metre drill program at the Gupo gold deposit and a 1,000-metre program at the new Medrizien gold target within the next four to five weeks.



Sunridge Gold joint venture drilling program



The new joint venture drilling program is operated by Sunridge and financed by Antofagasta Minerals, and is focused on drilling new targets with the potential for significant new discoveries. Drilling will target the following areas:





Adi Watot:

This is a large area measuring approximately 1,200 metres long and 400 to 500 metres wide, where Sunridge and Antofagasta geologists have identified swarms of quartz veinlets in an area that has elevated copper geochemical values.

Adi Kubulo:

The geology of this area is similar to Adi Watot, although somewhat smaller, measuring about 400 metres long and approximately 200 metres wide.

Adi Watot -- Adi Kubulo corridor:

This target is a corridor between the Adi Watot and Adi Kubulo targets that measures about 3,500 metres long by approximately 400 to 500 metres wide and in which mapping has shown continuity of quartz veinlets in an area with elevated copper values.

Adi Rassi:

Drilling will test a possible northern extension of Adi Rassi that is associated with structurally controlled malachite showings. Assay results, from the previous drilling program showed long intervals of copper and gold mineralization, for example drill hole AR-002D, which had 84 metres with an average grade of 1.32 g/t gold and 0.84 per cent copper; the results indicate that a potentially large new copper and gold zone has been discovered at Adi Rassi. Geological mapping and sampling show that alteration associated with copper mineralization is visible over a zone that measures about 80 metres wide along a strike length of approximately 500 metres. Copper and gold mineralization at Adi Rassi is associated with quartz veins and breccia zones along a major shear zone that trends northeast for over three kilometres and dips steeply to the west.

Adi Lamza:

Surface and previous drill hole information from this prospect has identified a large area of phyllitic alteration which will be drill tested.

Adi Tsenaf:

This large area of quartz-vein stockwork measuring over 300 metres long will be drill tested.



First results from this new joint venture drilling program are expected to be received in November and will be announced on receipt.



Sunridge Gold drill program



The recently mobilized reverse circulation drill rig is expected to commence drilling at Sunridge's 100-per-cent-owned Gupo gold and Medrizien gold areas within the next four to five weeks, and will consist of 4,000 metres at Gupo and 1,000 metres at Medrizien.



Gupo gold project



The objective of the program is to upgrade the existing gold resource at Gupo, currently 189,000 ounces contained in 1,965,000 tonnes at an average grade of 2.99 g/t gold, from an inferred to an indicated category and to possibly increase the size of the resource. The gold resources at Gupo are considered to be a potential source of open-pit feed for any future mining operations at the northern projects area of the Asmara project (Emba Derho, Adi Nefas and Gupo).



Medrizien gold prospect



The objective of the Medrizien drill program is to make a new gold discovery on the Asmara project. A gold discovery and development of a resource could provide future feed to any mining operations in the northern area of the Asmara project. A total of 57 rock samples were taken from the surface showing of mineralized quartz veins and altered halo of volcanic rocks. The results showed 10 samples with assays over one g/t gold with the highest assay being 74.7 g/t gold. In addition, eight rock samples taken from the old underground workings range from 0.14 g/t up to a value of 319 g/t gold. The gold mineralization in the Medrizien gold prospect occurs in a stockwork of quartz veins associated with pyrite and chalcopyrite within a surrounding halo of sheared volcanic rocks with sericite and pyrite. This zone varies in width from a few metres up to 25 metres over a 3.5-kilometre strike length.



We seek Safe Harbor."


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