We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Young-Davidson Mines Ltd | TSXV:ODM | 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 | - |
Mineral Mountain Resources Ltd. (TSX VENTURE:MMV) ("Company") is pleased to report that the Company has engaged the services of Overburden Drilling Management Ltd., a world leader in the recovery of fine gold grains, to plan and supervise a 60-hole RC drilling program to begin immediately on the Main and Block A properties optioned from Golden Harp Resources Inc. (TSX VENTURE:GHR) ("Golden Harp") and totaling 145 km2, one of the largest land package in the Shining Tree gold district. Under two separate agreements, Mineral Mountain can earn a 60% interest in the Main Block which hosts the Golden Sylvia and the Copper Hill/Brunet gold zones and a 70% interest in Block A which hosts the Cook Zone, an emerging new gold discovery presently being drill defined by the Company. RC Drilling Ideal for Exploring the Shining Tree Property The gold-bearing Archean greenstone belt underlying the Shining Tree properties is covered by variable thicknesses of glacial overburden. Historically, prospectors focused essentially on outcrop exposures and relied on a variety of geophysical methods to search "under" the overburden. Although geophysics has proven to be an effective exploration tool in our industry, tracing pristine gold grains using RC Drilling is the ideal tool for locating "hidden" gold deposits under glacial overburden. Generally, this overburden consists of lower and upper till horizons deposited during meltdown of the thick continental ice sheet 12,000 years ago. The lower till is stony and contains glacially liberated gold and gold-bearing pyrite grains that were scraped off the tops of mineralized zones in the underlying bedrock. High concentrations of these grains are used to pinpoint new mineralized zones. The upper till contains no gold or pyrite grains. Despite the presence of significant pyrite in the gold zones, geophysical methods are ineffective for locating the zones due to the thickness and very clayey (conductive) character of the upper till. Nearly all of the gold discoveries (i.e. Rainy River Project and TPK Gold Project) in till-covered terrain have been made by RC drilling. The RC drill employed on the Company's Shining Tree Project, compared to previous rigs, is highly specialized and performs efficiently on dry or wet terrain in all seasons. This RC rig is not susceptible to the sample loss and inter-sample contamination problems associated with "standard" RC rigs. This rig efficiently delivers high-quality 10 kilogram till samples from every 1 to 1.5 m sample interval whether the till is clayey or stony. The holes are drilled vertically and typically advanced 1.5 m into bedrock where a sample of clean cuttings is collected for the assay. Samples of lower till unit are processed in the laboratory to extract a heavy mineral concentration (HMC) containing any glacially liberated gold and pyrite grains. Most of the gold grains are finer than human hair and up to 90% are still hidden in the pyrite grains. Total liberated + pyrite-encased gold is determined by assaying the HMC and the liberated component is calculated from the gold grain dimensions. Nelson Baker, President and CEO of Mineral Mountain commented: "We are extremely fortunate to have been able to secure Overburden Drilling Management Ltd. ("ODM"), industry leaders in tracing gold grains and other heavy mineral concentrates to their sources, to carry out this important phase of our evaluation of the very large Shining Tree project. Major regional shear zones, especially if they mineralized with concentrations of pyrite are often recessive and not exposed. This RC till sampling will tell us if there's a "hidden" gold zone nearby!" On Behalf of the Board of Directors of Mineral Mountain Resources Ltd. Nelson W. Baker, President and CEO This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "could" or "should" occur. Although the Company 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 may differ materially from those in forward looking statements. Factors that cause the actual results to differ materially from those in forward-looking statements include gold prices, results of exploration and development activities, regulatory changes, defects in title, availability of materials and equipment, timeliness of government approvals, continued availability of capital and financing and general economic, market or business conditions. The Company cautions the foregoing list of important factors is not exhaustive. Investors and others who base themselves on the Company's forward-looking statements should carefully consider the above factors as well as the uncertainties they represent and the risk they entail. The Company believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. Please see the public filings of the Company at www.sedar.com for further information.
1 Year Young-Davidson Mines Ltd Chart |
1 Month Young-Davidson Mines Ltd 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