We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Canplats Resources Corp Com Npv | TSXV:CPQ | 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 | - |
Mr. Dufresne will direct follow-up reconnaissance exploration activities at the 359,000 hectare (1,390 square miles) Camino Rojo project in north-central Mexico, where initial geological and geochemical exploration has identified several new prospective areas (please see news release dated May 28, 2009 and location maps at www.canplats.com). These include the Cerro Verde area, where extensive replacement and structurally controlled jasperoid zones are associated with highly-elevated antimony, molybdenum, silver, lead and zinc and anomalous gold values over an area measuring 7 kilometers by 13 kilometers. Further geological mapping, stream sediment sampling, prospecting, and geophysical surveys will be completed at Cerro Verde and several other large-scale target areas, including Calabazal, Jandel's Quarry, Gomez Ranch, Camino Rojo Dos and Cardito. The Camino Rojo project is considered to be highly-prospective for new discoveries and only a portion of the property has been investigated to date through systematic reconnaissance exploration activities.
The Camino Rojo project hosts measured and indicated resources estimated at 3.44 million ounces of gold and 60.7 million ounces of silver at the Represa Zone with additional inferred resources of 0.56 million ounces of gold and 7.6 million ounces of silver (see news release dated November 24, 2008 and table to follow). Mineralization remains open for further expansion in both strike directions and to depth.
The Represa Zone is situated in flat terrain within an area of excellent infrastructure, less than 5 kilometers from a paved highway and high voltage power lines. Canplats is actively pursuing the acquisition of surface rights in the Represa area.
REPRESA MINERAL RESOURCE SUMMARY(i) --------------------------------------------------------------------------- Size Grade -------- ----------------------------- Gold Silver Tonnes Gold Silver Zinc Lead Ounces Ounces Category (Millions) (g/t) (g/t) (%) (%) (000's) (000's) --------------------------------------------------------------------------- Measured 9.58 0.76 13.40 0.34 0.29 235 4,126 --------------------------------------------------------------------------- Indicated 153.81 0.65 11.44 0.37 0.18 3,210 56,582 --------------------------------------------------------------------------- Total M&I 163.39 0.66 11.56 0.37 0.19 3,445 60,708 --------------------------------------------------------------------------- Inferred 31.03 0.56 7.63 0.31 0.10 555 7,612 --------------------------------------------------------------------------- (i) Based upon a cut-off grade of 0.2 grams gold per tonne for oxide and transitional resources, with a cut-off grade of 0.3 grams gold per tonne for sulphide resources.
To receive Canplats' news releases by e-mail, contact Blaine Monaghan, Director, Investor Relations, at info@canplats.com or (866) 338-0047.
Statements contained in this news release that are not historical fact, such as statements regarding the economic prospects of the company's projects, future plans or future revenues, timing of development or potential expansion or improvements, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Such risks and uncertainties include, but are not limited to, the company's ability to raise sufficient capital to fund development, changes in economic conditions or financial markets, changes in prices for the company's mineral products or increases in input costs, litigation, legislative, environmental and other judicial, regulatory, political and competitive developments in Mexico, technological and operational difficulties or inability to obtain permits encountered in connection with exploration and development activities, labour relations matters, and changing foreign exchange rates, all of which are described more fully in the company's filings with the Securities and Exchange Commission.
Cautionary note to U.S. investors: The terms "measured mineral resource", "indicated mineral resource", and "inferred mineral resource" used in this news release are Canadian geological and mining terms as defined in accordance with National Instrument 43-101, Standards of Disclosure for Mineral Projects ("NI 43-101") under the guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum (the "CIM") Standards on Mineral Resources and Mineral Reserves. We advise U.S. investors that while such terms are recognized and permitted under Canadian regulations, the SEC does not recognize them. U.S. investors are cautioned not to assume that any part or all of the mineral deposits in the measured and indicated categories will ever be converted into reserves. "Inferred mineral resources" in particular have a great amount of uncertainty as to their economic feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules estimates of inferred mineral resources may not generally form the basis of feasibility or other economic studies. U.S. investors are cautioned not to assume that any part or all of an inferred mineral resource exists, or is economically or legally mineable. Disclosure of contained metal expressed in ounces is in compliance with NI 43-101, but does not meet the requirements of Industry Guide 7 of the SEC, which will only accept the disclosure of tonnage and grade estimates for non-reserve mineralization.
The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.
Contacts: Canplats Resources Corporation - Corporate Information R.E. Gordon Davis Chairman and C.E.O. (604) 629-8292 Canplats Resources Corporation - Corporate Information Bruce A. Youngman President and C.O.O. (604) 629-8293 Canplats Resources Corporation - Investor Inquiries Blaine Monaghan Director, Investor Relations (604) 629-8294 or Toll-Free: (866) 338-0047 info@canplats.com www.canplats.com G2 Consultants Corporation - Investor Inquiries NA Toll-Free: (866) 742-9990 or (604) 742-9990 (604) 742-9991 (FAX) canplats@g2consultants.com
1 Year Canplats Resources Corp Com Npv Chart |
1 Month Canplats Resources Corp Com Npv Chart |
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