TSX Venture Exchange and Gold
The Venture closed exactly at the top of a resistance band Friday, so what’s next?
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other geopolitical angles:
http://www.zerohedge.com/news/2017-04-09/russia-iran-warn-trump-they-will-respond-force-if-syria-red-lines-crossed-again
http://www.voltairenet.org/article195904.html
Comment by DINGO — April 9, 2017 @ 5:20 pm
Are the cobalt stocks on vacation?
Comment by donald — April 9, 2017 @ 5:22 pm
Not for much longer, Donald, especially with the Cobalt price showing no signs of letting up – now gaining traction above $25 as we’ll show in a chart tonight. We’ll be announcing our plans very shortly for our imminent return visit to northern Ontario.
Comment by Jon - BMR — April 9, 2017 @ 5:25 pm
Mr. David Brett reports
ENGOLD DRILLS 21.70 METRES GRADING 1.22% COPPER, 0.17 GRAMS PER TONNE GOLD, & 5.96 GPT SILVER & 12.2 M GRADING 1.82% COPPER, 0.41 GPT GOLD, 9.96 GPT SILVER AT LAC LA HACHE PROPERTY
Engold Mines Ltd.’s drill holes G17-03 and G17-04 returned assay values of 21.70 metres grading 1.22 per cent copper, 0.17 gram per tonne gold and 5.96 g/t silver and 12.2 m grading 1.82 per cent copper, 0.41 g/t gold and 9.96 g/t silver respectively at the company’s 100-per-cent-owned Lac La Hache property in the Cariboo region of British Columbia. Hole G17-03 was collared 50m east of discovery hole G16-01 & G17-04 was collared 50 m west of hole G16-01. The mineralized intercepts occur at the same stratigraphic levels at 337.3 and 336 m downhole. The holes are vertical and intercepts are believed to be true width. Please see table below for detailed results. Assay results from hole G17-02, collared 71 m north of hole G16-01, are still pending.
“These results demonstrate consistency of structure and grade in the areas drilled so far,” said Engold VP of Exploration Rob Shives, P.Geo. “We’re looking forward to testing the new and refined gravity anomalies in the coming weeks.”
Drilling at the Property is expected to recommence with two drills in approximately 10 days. One of the drills will be deployed to test the previously reported new, highly intense gravity anomaly to the northwest of the discovery hole. The other drill will step out to the south of the discovery hole, where new gravity data indicates increasing potential for mineralization. Gravity crews continue to collect new survey data that will be added to the Company’s analysis and assessment of the discovery area.
Engold continues to update its maps and graphics which are being posted to the company’s website as they become available.
“It’s going to be a busy spring and summer at the Lac La Hache property,” said Engold President & CEO David Brett. “Our growing technical team is doing a great job managing the expanded program.”
Partial assays for DDHs G17-03 and G17-04 (Main Zone in both holes)
From To Int. Cu Au Ag Fe
DDH (m) (m) (m) (%) (g/t) (g/t) (%)
G17-03 337.30 359.00 21.70 1.22 0.17 5.96 30.06
including 343.00 349.00 6.00 1.76 0.16 8.00 34.23
G17-04 336.00 348.20 12.20 1.82 0.41 9.96 32.49
including 336.00 342.00 6.00 2.18 0.46 12.13 34.87
About Engold
Engold is focused on exploring its 100% owned mineral property located near the town of Lac La Hache in BC’s prolific Cariboo mining region. Engold’s corporate philosophy rests on three interdependent pillars: Environment, Engagement and Gold. Through sound environmental stewardship, commitment to transparent engagement with local communities, the Company is dedicated to driving exceptional shareholder and stakeholder value by discovering and developing mineral resources.
About the Lac La Hache Property
The property lies within BC’s Quesnel Trough mineral belt, which hosts several past and currently producing copper/gold/silver mines, including nearby Imperial Metals’ Mount Polley copper-gold mine and New Gold Inc.’s New Afton copper-gold mine. The Company has drilled numerous prospects on the property, including Spout copper-magnetite-gold-silver deposit (for which a resource calculation has been reported and supported by an NI43-101 Technical Report), the gold-rich Aurizon gold-copper-silver prospect and recent new discoveries with porphyry and skarn copper/gold potential. Supported by significant local infrastructure including powerlines, all season road access, rail and other amenities, the Lac La Hache project demonstrates excellent logistics.
Rob Shives P.Geo., VP Exploration and a Qualified Person as defined under National Instrument 43-101, has reviewed and approved the technical content of this release.
Comment by Jon - BMR — April 10, 2017 @ 6:37 am
CEM trying to break out this morning…16.5 cents (nearly a 2-year high) on good volume in early trading, the key technical hurdle was 14 cents (Fib.)…
Comment by Jon - BMR — April 10, 2017 @ 6:39 am