Re: Neighbour
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Sep 09, 2009 02:36PM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
Got this from the Casey dispatch this AM on Harvest Gold (not pertinent to the Green Belt really):
Dear Casey Readers,
I realize it is uncommon to redistribute "old" news, but the Harvest Gold, Aug 5/09 press release summarizing the gold intercepts still in the ground at our Rosebud Mine project in Nevada, really did go out in the "dead of summer".
It struck me that many of you may have missed it after one of our Casey shareholders, who has recently been accumulating the stock, told us “those historic results would really impact your stock if they were drilled today, I thought I’d better own more”.
With Gold currently hanging around $1,000 dollars and most everyone back at work, I thought it would be best to bring this release to your attention again. In case you missed it in August the following release will familiarize you with Harvest Gold and the historic drill intercepts that we are excited about. To those of you attending the Casey Denver conference September 18-20, I look forward to seeing you there.
Regards,
Rick Mark
CEO Harvest Gold (TSXV:HVG)
Harvest Gold Corporation (HVG – TSX.V) August 5, 2009 (the “Company”) is pleased to announce that efforts to find a suitable joint venture partner for the Rosebud Gold Mine project are progressing well. As announced May 14, 2009, the Company has proposed a preliminary Phase I drilling program designed to test as many as eleven targets, eight of which contain historical drill intercepts, as highlighted below. The Company has met with several potential partners that have expressed interest in the project. Two Nevada gold producers are planning a review of data from the project.
In order to develop a clearer understanding of the gold remaining in the ground at Rosebud, management has decided to publish certain historical high-grade drill intercepts that have been encountered by previous operators, peripheral to the underground mine workings that produced 396,842 oz. Au from 1997-2000. True widths of these intercepts are unknown.
Highlights of past drilling in zones that have not been mined, include:
Far East Zone:
RL-217, 210 ft @ 0.101 oz. Au/T (64 m @ 3.46 g/tonne)
Southern Extension Target:
RL-273, 220 ft @ 0.097 oz. Au/T (67.1 m @ 3.33 g/tonne)
RL-179, 310 ft @ 0.034 oz. Au/T (94.5 m @ 1.17 g/tonne)
Northwest Corridor:
RS-D345-99c, 102.5 ft @ 0.148 oz. Au/T (31.2 m @ 5.07 g/tonne)
Dreamland:
RS-425c, 5.8 ft @ 0.824 oz. Au/T (1.8 m @ 28.25 g/tonne)
Many other high-grade historical drill intercepts are also present in these and other targets; selected results are shown below. An expanded list of historic drill results is now posted at http://www.harvestgoldcorp.com/projects_rosebud.html.
Drill holes were completed by Lac Minerals (RL series) between 1989 and 1992, Hecla (WW-1 and 96-356) in 1994 and 1996, and a Hecla/Newmont joint venture (RS and SLD series) between 1997 and 2000. Diamond drilling core holes are denoted by a “c”; except for WW-1, which was a water well completed by rotary drilling, all others are reverse circulation drill holes.
Far East Zone Target
DH ID |
From (ft) |
To (ft) |
intercept (ft) |
Au (oz/T) |
From (m) |
To (m) |
intercept (m) |
Au (g/tonne) |
RL-217 |
615 |
825 |
210 |
0.101 |
187.5 |
251.5 |
64.0 |
3.46 |
incl. |
720 |
745 |
25 |
0.447 |
219.5 |
227.1 |
7.6 |
15.33 |
RL-220 |
250 |
275 |
25 |
0.614 |
76.2 |
83.8 |
7.6 |
21.05 |
incl. |
255 |
265 |
10 |
1.176 |
77.8 |
80.8 |
3.0 |
40.32 |
RL-273 |
280 |
285 |
5 |
0.375 |
85.4 |
86.9 |
1.5 |
12.86 |
RL-273 |
480 |
700 |
220 |
0.097 |
146.3 |
213.4 |
67.1 |
3.33 |
Northwest Corridor Target
DH ID |
From (ft) |
To (ft) |
intercept (ft) |
Au (oz/T) |
From (m) |
To (m) |
intercept (m) |
Au (g/tonne) |
96-356 |
1340 |
1390 |
50 |
0.122 |
408.4 |
423.7 |
15.2 |
4.18 |
incl. |
1340 |
1350 |
10 |
0.357 |
408.4 |
411.5 |
3.0 |
12.24 |
RS-D345-99c |
601.2 |
634 |
32.8 |
0.124 |
183.2 |
193.2 |
10.0 |
4.25 |
RS-D345-99c |
665 |
767.5 |
102.5 |
0.148 |
202.7 |
233.9 |
31.2 |
5.07 |
RS-D345-99c |
785 |
811 |
26 |
0.257 |
239.3 |
247.2 |
7.9 |
8.81 |
Nym Target
DH ID |
From (ft) |
To (ft) |
intercept (ft) |
Au (oz/T) |
From (m) |
To (m) |
intercept (m) |
Au (g/tonne) |
RL-272 |
360 |
395 |
35 |
0.181 |
109.7 |
120.4 |
10.7 |
6.21 |
incl. |
375 |
380 |
5 |
0.676 |
114.3 |
115.8 |
1.5 |
23.18 |
RL-282 |
345 |
355 |
10 |
0.062 |
105.2 |
108.2 |
3.0 |
2.13 |
incl. |
345 |
350 |
5 |
0.103 |
105.2 |
106.7 |
1.5 |
3.53 |
RS-453Ac |
805.7 |
813.7 |
8 |
0.107 |
245.6 |
248.0 |
2.4 |
3.67 |
Southern Extension Target
DH ID |
From (ft) |
To (ft) |
intercept (ft) |
Au (oz/T) |
From (m) |
To (m) |
intercept (m) |
Au (g/tonne) |
RL-179 |
665 |
975 |
310 |
0.034 |
202.7 |
297.2 |
94.5 |
1.17 |
RL-257 |
430 |
490 |
60 |
0.069 |
131.1 |
149.4 |
18.3 |
2.37 |
incl. |
440 |
450 |
10 |
0.254 |
134.1 |
137.2 |
3.0 |
8.71 |
RL-69A |
775 |
885 |
110 |
0.063 |
236.2 |
269.7 |
33.5 |
2.16 |
RL-8 |
445 |
510 |
65 |
0.036 |
135.6 |
155.4 |
19.8 |
1.23 |
Valley Target
DH ID |
From (ft) |
To (ft) |
intercept (ft) |
Au (oz/T) |
From (m) |
To (m) |
intercept (m) |
Au (g/tonne) |
RL-56 |
55 |
105 |
50 |
0.014 |
16.8 |
32.0 |
15.2 |
0.48 |
RL-56 |
285 |
295 |
10 |
0.046 |
86.9 |
89.9 |
3.0 |
1.58 |
WW-1 |
200 |
210 |
10 |
0.122 |
61.0 |
64.0 |
3.0 |
4.18 |
North Zone Feeders Target
DH ID |
From (ft) |
To (ft) |
intercept (ft) |
Au (oz/T) |
From (m) |
To (m) |
intercept (m) |
Au (g/tonne) |
RL-106c |
1162 |
1212 |
50 |
0.065 |
354.2 |
369.4 |
15.2 |
2.23 |
incl. |
1167 |
1172 |
5 |
0.125 |
355.7 |
357.2 |
1.5 |
4.29 |
incl. |
1187 |
1202 |
15 |
0.114 |
361.8 |
366.4 |
4.6 |
3.91 |
Dreamland Target
DH ID |
From (ft) |
To (ft) |
intercept (ft) |
Au (oz/T) |
From (m) |
To (m) |
intercept (m) |
Au (g/tonne) |
RS-425c |
1655.7 |
1661.5 |
5.8 |
0.824 |
504.7 |
506.4 |
1.8 |
28.25 |
incl. |
1658.6 |
1661.5 |
2.9 |
1.4 |
505.5 |
506.4 |
0.9 |
48.00 |
The Rosebud property is an advanced exploration project consisting of 54 unpatented mining claims centered on the former Rosebud underground mine, which produced nearly 400,000 oz gold and 2,300,000 oz. silver between 1997 and 2000. The underground operation mined three high-grade ore zones, with an average production grade of 0.416 oz. Au/t, 2.42 oz. Ag/t. Due to falling gold prices, the cut-off grade was increased from 0.15 oz. Au/t to 0.18 oz. Au/ton over the life of the mine, and mineralized material below the cutoff was not mined. An in-place, non-43-101-compliant inferred resource of 242,000 oz. Au, 2,130,000 oz. Ag (6.81 million t @ 0.036 oz. Au/t, 0.31 oz. Ag/t), was calculated by Hecla at the close of mining in 2000. (This historical resource estimate was made by a source believed to be reliable however the Company has not yet independently verified the estimate according to CIM standards and thus this historical estimate should not be relied upon.)