The Gold Report
Notable Quotes
"ICG has closed a CA$2.5M flow-through placement." (12/24/15) Integra Gold Corp. - Thibaut Lepouttre, Caesars Report More >
"The exploration upside at MAG's Juanicipio project is substantial." (12/23/15) MAG Silver Corp. - Gwen Preston, Resource Maven More >
"AKG's management continues to deliver on its development milestones." (12/22/15) Asanko Gold Inc. - Nana Sangmuah, Clarus Securities More >
"We are initiating coverage on KDX with a Buy rating." (12/21/15) Klondex Mines Ltd. - Don Blyth, Paradigm Capital More >
"VIT's Eagle is a shovel-ready, fully permitted, prefinanced gold project." (12/17/15) Victoria Gold Corp. - Tom Hayes, Edison Investment Research More >
RVC: Blackwater Assays Look Good
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WENDELL ZERB, B.SC., P. GEOL., Canaccord Genuity
(11/11/2009)
"Richfield has recently released gold assays on selective drill holes targeting intrusive/breccia-related gold mineralization in Hazelton group rocks in BC. Last week, the company released one additional result from its initial 13-hole program at Blackwater. Drill hole BW57 returned 1.02 g/t Au and 8.2 g/t Ag over a length of 133.7 meters. BW57 was collared at the same location as BW46, a vertical hole that returned 1.06 g/t Au and 5.0 g/t Ag over 215.5 meters. Mineralization in both holes begins near surface below a veneer of overburden. In addition, this collar location is in the SW area of an IP chargeability high and resistivity low that the company believes is related respectively to pyrite and silicification. BW57 was drilled to the west at -50 degrees. Assay results from drill holes BW58 and BW59, all within the core of the IP anomaly remain outstanding. The Blackwater project includes the Dave and Davidson properties which adjoin one another. The Davidson property is a joint venture with Silver Quest Resources (Richfield earning 75%) and Richfield has an option to earn 100% of the Dave property (subject to 2.5% NSR). The Davidson property was initially systematically explored by Granges Exploration starting in 1973. Geochemical and geophysical targets were tested by about 2,000 metres of RC and diamond drilling. Silver Quest drilled seven holes in 2006. Drilling identified three separate zones of mineralization (Silver, New and Gold zones). The main target in the current program at Blackwater is a large roughly 600 by 400 meter IP resistivity anomaly that transects the Dave and Davidson border. A more subtle halo of the IP anomaly is also related to elevated Au, Ag and Zn mineralization. The recent consolidation of the area has opened the opportunity to fully test this target. The company has expanded the current drill program with the intention to confirm continuity and mineralization to depth. Assay results from two holes of the original 13-hole program remain outstanding." |
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