Galahad: Red Ore Gold Stakes 86 Additional Lode Mining Claims at Pogonip Ridge P
posted on
Oct 13, 2011 09:32AM
4 projects in Ontario, Quebec and Nevada (Gold, Silver,Copper,REE)
OTTAWA, ONTARIO--(Marketwire - Oct. 13, 2011) - Galahad Metals Inc. (TSX VENTURE:GAX)
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Red Ore Gold today announced the staking of 86 additional unpatented lode mining claims in north-central Nevada covering a total of 1,777 acres (719 hectares) strategically located between Ely Gold's and Solitario's Mt. Hamilton Gold-Silver Project and their own Pogonip Ridge Silver-Gold Property. This more than doubles the size of the Red Ore Gold's property to 3,120 acres (1,262 hectares).
The Pogonip Ridge Property is located approximately 80 km (50 mi.) east of Eureka, in White Pine County, east-central Nevada and lies along the western side of the White Pine Range. The White Pine area is reported to have produced 20 to 40 million ounces of silver from 1868 to 1880. The Pogonip Ridge property covers 4 km of prospective gold and silver strike potential including the past producing Mary Ellen, Tonopah-Belmont and Rocco-Homestake mines along with numerous other unnamed mines and prospects.
No fewer than 8 portals and openings, extensive underground workings, ore dumps, and numerous shallow pits and trenches have been recently located. Remnants of ore processing mills, wooden ore storage bins, head frames, aerial ore tramways and concrete hoist foundations also exist near the main historic workings.
Garry K Smith, P. Geo., who is the Qualified Person as defined by National Instrument 43-101 for the Pogonip Ridge Project, and has approved the technical contents of this release.
For further information, please go to www.redoregold.com.
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The statements in this press release may contain forward looking statements that involve a number of risks and uncertainties. Actual events or results could differ materially from RXX's expectations and projections. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Source: Marketwire International (October 13, 2011 - 9:17 AM EDT)
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