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StockJunction.com News Golden Goose Resources Inc ( GGR )
May 15th
Golden Goose hits 5.25 g/t of gold over 13.4 metres at its Magino gold property
Golden Goose Resources Inc. (TSX-V: GGR) (the "Company") has received the assay results for the two final holes of the 10,608-metre infill drilling program on its wholly-owned Magino Mine property, located 1.5 km southwest of the Richmont/Patricia Island Gold Mine, near Wawa, Ontario.
Holes 07-29 and 07-30 are the last of seventeen holes drilled since the beginning of 2007 (see press releases dated December 13, 2007 and April 8, 2008 for the results of the other holes). Like the other holes, 07-29 and 07-30 intersected numerous gold-bearing zones. The best results include 6.18 g/t Au over 3.4 m in Hole 07-29, and 5.25 g/t Au over 13.4 m, 4.55 g/t Au over 6.4 m and 5.83 g/t Au over 5.2 m in Hole 07-30. Full results for the two holes are shown in the table below (true cut not yet determined).
Originally designed to test the multiple high-grade gold zones of the Magino Mine below the mine workings, the drilling program was so successful that it was eventually extended to the entire granodiorite sill.
[ Read Full Story ]
Gentry Resources Ltd ( GNY )
May 15th
Gentry Announces Record Production and Funds Flow in the First Quarter of 2008
Gentry Resources Ltd. ("Gentry" or the "Company") is pleased to announce its financial and operating results for the three months ended March 31, 2008.
Financial Highlights
- For the three months ended March 31, 2008, Gentry's gross revenue increased 86% to $29.3 million, compared to $15.7 million recorded in the comparative period in 2007.
- Funds flow from operations doubled to a record $12.8 million ($0.23 per share) in the first quarter of 2008 versus the comparative three-month figure of $6.4 million ($0.17 per share).
- Operating netbacks increased by 37% to $33.98/boe from $24.82/boe recorded in the corresponding period of 2007.
[ Read Full Story ]
Linear Metals Corporation ( LRM )
May 15th
Linear Metals Intersects High-Grade Molybdenum in the Main Zone at KM61 Project, Ontario, Canada
Linear Metals Corporation (TSX:LRM) is excited to announce results of rush assays on a 15 metre interval of hole K-08-66 from its KM61 Project located east of Armstrong, Ontario. This new high grade interval has returned:
- 15.35 metres of 1.67% molybdenum, 0.213% copper and 11.8 grams per tonne of silver.
This intersection represents the longest interval of high-grade mineralization encountered to date on Linear's 100%-owned KM61project. The Company is carrying out a 25,000 metre drill program on the project that will lead to the completion of a 43-101 compliant resource estimate during 2008. Drilling to date has outlined an area of mineralization that at a 0.04% molybdenum cutoff covers 1.25 kilometres along strike, up to 350 metres in width and is open along strike to the northeast. The discovery is also open at depth with many of the holes bottoming in mineralization.
[ Read Full Story ]
Oro Gold Resources Ltd ( OGR )
Oro Gold Resources Ltd. (“Oro Gold”) (TSX-V: OGR) is pleased to report that from the 8,300 metres of drilling recently completed at its 100-per-cent-owned Trinidad property, the current inferred resource estimate of 91,915 ounces gold (1,624,400 tonnes at 1.76 g/t gold) is expected to rise significantly. The drill results added to the new resource model demonstrate a significant increase in the gold resource. The results of this resource estimate will be released this summer upon completion of data verification and validation.
To review the pertinent drill hole results please see previously reported press releases dated March 17th, “Oro Gold drills 78 metres of 1.45 g/t gold; confirms significant new gold zone at Trinidad, Mexico” and March 3rd, “Oro Gold drills new gold zones at Trinidad: Intersects 3.3 g/t Au over 30 metres,” which can be found on our web site at www.orogoldresources.com.
[ Read Full Story ]
Rentech Inc ( RTK )
May 15th
Rentech and the Wilds to Study Enhanced Biomass Fuel Production
Rentech, Inc. (AMEX: RTK) announced today that it has entered into an agreement to collaborate with the Wilds, one of the largest and most innovative wildlife conservation centers in the world, to study the effect on the entire ecosystem of growing and harvesting biomass and non-food energy crops.
The collaboration, which will also include Ohio State University, will be conducted on reclaimed mine lands at the Wilds in Cumberland, Ohio. The study will also examine the utilization of marginal landscapes for the production of perennial, non-food based biofuels, and the potential for bio-sequestration of carbon and other environmental services on reclaimed land.
D. Hunt Ramsbottom, President and CEO of Rentech, noted, “Rentech is committed to utilizing the Rentech Process to produce clean fuels from non-food based biomass.
[ Read Full Story ]
[ Read More from StockJunction.com ] |
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