We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| TSXV:ABS | TSX Venture | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.92 | 0.92 | 1.02 | 0 | 01:00:00 |
Hot Features
Premium
Abzu Gold Ltd. ("Abzu" or the "Company") (TSX VENTURE:ABS) is pleased to
announce additional drill results from its current drilling program at Nangodi,
Ghana.
The company has now drilled nearly 5,000 metres of combined diamond-RC and will
be completing the final holes of this program in the coming week. Highlight
results from ten holes are now available and are posted in the table below.
Drill holes continue to intersect quartz-carbonate+/-albite+/-minor sulfides in
quartz-feldspar-porphyry rock and surrounding sedimentary rocks in target zones.
Mineralization is strongest where host rocks are intersected by a major shear
zone and related splays. The gold-endowed shear zone is traceable for many
kilometres at the surface within the concession; the strike continuation of
which 25km to the northeast hosts the Youga deposit in Burkina Faso.
Highlight results include:
----------------------------------------------------------------------------
Hole ID From (m) To (m) Interval (m) Grade (g/t) Au
----------------------------------------------------------------------------
NGDD_006 59.0 68.0 9.0 0.50
----------------------------------------------------------------------------
----------------------------------------------------------------------------
NGRD_028 17.0 20.0 3.0 0.96
----------------------------------------------------------------------------
36.0 38.0 2.0 0.59
----------------------------------------------------------------------------
42.0 45.0 3.0 0.79
----------------------------------------------------------------------------
----------------------------------------------------------------------------
NGRD_029 2.0 5.0 3.0 0.73
----------------------------------------------------------------------------
13.0 15.0 3.0 0.81
----------------------------------------------------------------------------
25.0 28.0 3.0 0.40
----------------------------------------------------------------------------
77.0 78.0 1.0 7.63
----------------------------------------------------------------------------
----------------------------------------------------------------------------
NGRD_031 53.4 92.6 39.2 1.16
----------------------------------------------------------------------------
including 59.7 62.7 3.0 2.81
----------------------------------------------------------------------------
including 72.6 91.6 20.0 1.43
----------------------------------------------------------------------------
103.6 106.6 3.0 0.51
----------------------------------------------------------------------------
139.6 143.6 4.0 0.75
----------------------------------------------------------------------------
----------------------------------------------------------------------------
NGRD_032 70.0 97.0 27.0 0.60
----------------------------------------------------------------------------
----------------------------------------------------------------------------
NGRD_033 2.0 4.0 2.0 1.53
----------------------------------------------------------------------------
125.0 162.0 37.0 0.82
----------------------------------------------------------------------------
including 125.0 134.0 9.0 1.70
----------------------------------------------------------------------------
including 138.0 139.0 1.0 3.09
----------------------------------------------------------------------------
including 144.0 146.0 2.0 3.39
----------------------------------------------------------------------------
173.0 192.0 19.0 0.32
----------------------------------------------------------------------------
----------------------------------------------------------------------------
NGRD_034 80.0 88.0 8.0 0.37
----------------------------------------------------------------------------
132.0 141.0 9.0 1.12
----------------------------------------------------------------------------
including 135.0 141.0 6.0 1.53
----------------------------------------------------------------------------
145.0 166.0 21.0 2.46
----------------------------------------------------------------------------
including 165.0 166.0 1.0 47.10
----------------------------------------------------------------------------
182.0 189.0 7.0 0.43
----------------------------------------------------------------------------
194.0 197.0 3.0 0.90
----------------------------------------------------------------------------
----------------------------------------------------------------------------
NGRD_035 121.0 135.0 14.0 0.57
----------------------------------------------------------------------------
including 127.0 135.0 8.0 0.85
----------------------------------------------------------------------------
143.0 144.0 1.0 5.82
----------------------------------------------------------------------------
----------------------------------------------------------------------------
NGRD_036 74.0 113.0 39.0 1.18
----------------------------------------------------------------------------
including 93.0 100.0 7.0 5.26
----------------------------------------------------------------------------
including 95.4 96.5 1.1 18.95
----------------------------------------------------------------------------
125.0 134.0 9.0 0.36
----------------------------------------------------------------------------
155.0 157.0 2.0 0.64
----------------------------------------------------------------------------
----------------------------------------------------------------------------
NGRD_037 0.0 101.0 101.0 0.52
----------------------------------------------------------------------------
including 24.0 37.0 13.0 1.92
----------------------------------------------------------------------------
including 28.0 36.0 8.0 2.45
----------------------------------------------------------------------------
Paul Klipfel, P. Geo and President of Abzu, said, "We are very pleased with
these results as they continue to enhance and support the width and grade
interpretations from previous drilling. Our drill program has been a tremendous
success in terms of intersecting veined rock as well as completing holes in a
timely manner and on budget. The data from these holes will provide the
foundation for a resource model to be completed in Q2, 2013."
The current drill program is designed to provide drill hole spacing that
supports resource estimation, as well as demonstrate continuity along strike and
down dip of gold mineralization. Abzu's geologic staff together with consultants
are modeling gold mineralization at Nangodi and its extent beyond areas of
historic production from the 1930's vintage Nangodi mine. It is anticipated that
historic drill results from AfricWest 1997 RC drilling (see previous press
releases including March 4, 2013), Abzu results from the 2011-2012 exploration
program and this year's drilling program will provide the basis for a Q2, 2013
resource estimate. As Abzu receives additional assay data, the Company will
release a map to give better context to the drill results announced this year.
Tim McCutcheon, CEO, commented; "With the current drilling program winding down
and the remaining samples prepared and sent to the laboratory, Abzu is now
compiling data for a maiden resource number for Nangodi. We currently have about
$1MM cash and are comfortable with how the Company is positioned as it enters
the next stage of project development."
Qualified Person and Quality Control/Quality Assurance
Professional geologist (AIPG cert. # 10821) Dr. Paul Klipfel, President and a
Qualified Person as defined by National Instrument 43-101, has designed,
planned, and supervised jointly with Ms. Roisin Goodman Abzu's exploration
manager, the drilling and work program at Nangodi and is responsible for all
aspects of the work, including the quality control/quality assurance program.
Samples are collected systematically and in a consistent manner. All Nangodi
samples from diamond drill core are sawed and half-core samples bagged, closed
and sealed at the company's core facility. RC samples are collected at the drill
rig by a geologist who is a Qualified Person or is under the supervision of a
Qualified Person. Samples are then transported to the company's facility in
Bolgatanga where they are split sufficiently for an approximate 2 kg sample. All
samples are kept secure until delivered to the ALS laboratory in Kumasi, Ghana
for gold fire assay.
Dr. Klipfel did not supervise the AfricWest drill program at Nangodi nor the
subsequent laboratory tests. However, there is no reason to believe that the
results are not accurate. Dr. Klipfel has approved the content of this release.
Dr. Klipfel has a PhD in economic geology and more than 35 years of relevant
experience as a mineral exploration geologist. He is a Certified Professional
Geologist (CPG 10821) by the American Institute of Professional Geologists. Dr.
Klipfel is not independent of the Company as he is an officer and shareholder.
Dr. Klipfel has approved the content of this release.
Ms. Goodman is a Qualified Person and is independent of Abzu as defined by
National Instrument 43-101. Ms. Goodman has 25 years' experience as an
exploration geologist, and previously worked since 1991 with SLR/CSA Group. She
is a Chartered Geologist under the Institute of Geologists in Ireland (IGI) and
the European Federation of Geologists (EFG) and a qualified person as defined by
National Instrument 43-101. She has diverse experience in mineral and mining
project management, due diligence, and exploration project valuations for AIM
and Canadian 43-101 compliance in Europe and Africa.
On behalf of the board of directors of Abzu Gold Ltd.
Tim McCutcheon, Chief Executive Officer
Cautionary Statements
This news release contains forward-looking statements that are not historical
facts. Forward-looking statements involve risks, uncertainties and other factors
that could cause actual results, performance, prospects, and opportunities to
differ materially from those expressed or implied by such forward-looking
statements. Factors that could cause actual results to differ materially from
these forward-looking statements include those risks set out in Abzu's public
documents filed on SEDAR at www.sedar.com. Although Abzu believes that the
assumptions and factors used in preparing the forward-looking statements are
reasonable, undue reliance should not be placed on these statements, which only
apply as of the date of this news release, and no assurance can be given that
such events will occur in the disclosed time frames or at all. Except where
required by law, Abzu disclaims any intention or obligation to update or revise
any forward-looking statement, whether as a result of new information, future
events or otherwise.
This news release does not constitute an offer to sell, or the solicitation of
an offer to buy, any securities in any jurisdiction; nor shall there be any sale
of securities in any state in the United States in which such offer,
solicitation or sale would be unlawful. The securities referred to herein have
not been, and will not be, registered under the United States Securities Act of
1933, as amended, and may not be offered or sold within the United States or to
or for the account or benefit of U.S. persons absent registration or an
applicable exemption from registration requirements.
FOR FURTHER INFORMATION PLEASE CONTACT:
Abzu Gold Ltd.
Tim McCutcheon
Chief Executive Officer
604-638-3288
1 Year Abzu Gold Ltd. Chart |
1 Month Abzu Gold Ltd. Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
