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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Bexar Ventures Inc | CSE:BXV | CSE | 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% | 0.15 | 0.075 | 0.68 | 0 | 00:00:00 |
Beatrix Ventures Ltd. (CNSX:BXV) ("Beatrix") along with its Joint Venture Partner SLAM Exploration Ltd. (TSX VENTURE:SXL) ("SLAM") announce that drilling is in progress on hole OG10-01 on the Opikeigen Gold Joint Venture held in 50/50 joint ownership between Beatrix and SLAM. Hole OG10-01 is expected to intersect Zone 12 approximately 12.5 metres west of a high grade intercept in hole OL87-46 at a depth of approximately 150 m. Hole 46, previously drilled in 1987, intersected an interval grading 6.22 g/t gold over 7.00 m at a depth of 141 m. This interval included high grade sections of 113.57 g/t gold over 0.1 m and 49.66 g/t gold over 0.2 m reported to contain visible gold. These intervals are drilled core lengths. The true widths are unknown. The results pre-date NI 43-101 regulations and can only be verified by additional drilling. Beatrix and SLAM expect to complete approximately 1,000 metres of diamond drilling at Opikeigen with 6 holes planned to test for potential extensions of Zone 12 at depth and along strike. Zone 12 is a shear related gold deposit associated with quartz-carbonate alteration and veining in mafic volcanic, iron formation and gabbro host rocks. Beatrix recently filed a 43-101 Technical Report on the 4,144 hectare, 38 claim Opikeigen Gold Property. This project is located in the Fort Hope area east of the historic Pickle Lake gold camp where PC Gold Inc. recently announced successful drilling results (press release 23 March 2010). The Fort Hope and Pickle Crow areas are underlain by Uchi Subprovince rocks similar to the world-famous Red Lake gold mining camp. This project lies within EFN traditional territories. SLAM and EFN recently signed an Exploration Agreement whereby SLAM and EFN will work cooperatively to advance their gold potential. Michael R. Taylor, P.Geo. President and CEO of SLAM and Director of Beatrix is the Qualified Person responsible for the technical information contained herein. About Beatrix: Beatrix is a mineral resource company based in Vancouver, British Columbia recently formed to focus on gold projects. Beatrix owns 50% of the Opikeigen Gold Joint Venture. Additional information about Beatrix and its projects is available at www.beatrixventures.com or from SEDAR filings at www.sedar.com. About SLAM: SLAM is a mineral resource company based in Miramichi, New Brunswick and continues to be active in gold, silver and base metal exploration in Ontario and New Brunswick. Additional information about SLAM and its projects is available at www.slamexploration.com or from SEDAR filings at www.sedar.com. This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration and development activities and events or developments that the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see our public filings at www.sedar.com.
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