Sardine hill
posted on
Dec 30, 2009 03:04PM
Its amazing what a little google research can give you. Apparently that Mariwa-Sardine hill property was owned by a company called International Roraima Gold corp back in the mid to late 90s. Say 1993 through 1999.
If you look on Sedar from those periods and access International Roraima Gold corp you will find alot of what I am about to mention.
It seems that this company had spent a few years drilling the sardine hill property. There is a news release From October 2nd 1997 and one from Feb 10 1998 which talk at length about sardine hill.
The deal is, they found a deposit and drilled something like 4 deep diamond drill holes in the 5th of may 1998 which showed grades of 1.1 g/t to 1/4 g/t to 100 m depth. In the 1999 news release they said the entire soil anomaly of gold runs from 7500N to 9700N for about 2400m by 114 m width. So they said in that news releases that the sardine hill portion alone had the potential of holding 1.9 million oz of gold in the saporlite section 100m width alone.
The company went belly up in 2000. Probably because the gold prices were low and they couldn't find financing, but that is just a guess.
Something else I found, there is a news release July 20,1999 which talked about a JV with Newmont overseas. Maybe if they didn't go belly up this would have turned into something alot bigger. Good for shoreham.