Laurentian Goldfields Ltd. Commences Drill Program at Van Horne Property
Published : June 09, 2011
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Canada | Diamond | Gold | Growth | Market |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 9, 2011) - Laurentian Goldfields Ltd. (News - Market indicators) ("Laurentian" or the "Company") is pleased to announce that Diamond drilling has commenced at the Van Horne property, located 8 km south of Dryden, Ontario. Drilling will be focused on the bulk-tonnage Flambeau gold target, where Laurentian plans to complete approximately 2,500 metres of Diamond drilling.

The 2011 drilling program follows two years of comprehensive surface work that identified an alteration system with a strike length in excess of 5 kilometres, and the presence of multiple high grade quartz-carbonate vein arrays and bulk tonnage-style, lower grade vein stockwork mineralization. "We are very excited to commence drilling at our Van Horne property," said Darin Labrenz, P.Geo., President and CEO of Laurentian. "We believe the large geochemical footprint and extensive gold mineralization observed at surface are the expression of a robust hydrothermal system. The presence of multiple high grade shear vein arrays and stockwork gold mineralization at the Flambeau presents an excellent bulk tonnage gold target."

The drill program is designed to test the strike and dip extension of the Flambeau target, where recent stripping, rock and soil geochemical sampling have extended the known strike length of mineralization from 300 to 750 metres. Notable intersections from historic drilling in the area include both high grade (10.29 g/t Au over 1.52 metres from FL-09, and 51.5 g/t Au over 0.59 metres from FL-32), and wide, lower grade gold intervals (1.02 g/t Au over 41 metres from K-84-1, and 1.42 g/t Au over 70 metres from K-84-6). The mineralization occurs at the intersection of two dominant structures and is characterized by shear vein mineralization along multiple west trending faults and vein stockwork development along the quartz-rich phase of a diorite intrusion.

Van Horne Property

In 2008 Laurentian negotiated an option to acquire 100% interest in 7 adjoining properties in the Dryden gold camp (see press release July 9, 2008). Subsequent staking and acquisitions have increased the property, collectively referred to as the Van Horne property, to 2,907 hectares.

The Van Horne property contains one of the area's largest concentrations of classic Archean vein-hosted gold mineralization. The mineralization is hosted by Neoarchean volcanic assemblages at the north end of the Wabigoon subprovince within second order faults related to the regional Wabigoon fault. The stratigraphy includes mafic to felsic volcanic flows and tuff, syn to late tectonic porphyry dykes, alkali intrusions, and an exceptionally high number of historic shafts, pits, trenches, quartz vein and sulphide occurrences. Laurentian is confident that these showings, combined with the historic non-43-101 compliant resources in the area, represent a large scale mineralization system largely masked by overburden that has, not previously been consolidated into one land position nor tested by modern exploration methods.

Belcourt Agreement

Laurentian is also pleased to announce that it has signed an option agreement to acquire a 100% interest in 6 contiguous claims immediately east and adjacent to its Belcourt property, 45 km northeast of Val D'Or Quebec. The staged agreement, subject to regulatory approval, gives Laurentian the option to earn a 100% interest in the property over three years with aggregate consideration payable by the Company to the property vendor of $175,000 and 175,000 shares and total exploration expenditures of $400,000. The agreement is subject to net smelter royalties ("NSR") of 2% where 1% of the NSR can be repurchased from the vendor for $1,000,000. The strategic acquisition solidifies Laurentian's position in the area.

The technical contents of this release have been reviewed and approved by Mr. Patrick Lengyel, P.Geo., Vice President Exploration for Laurentian Goldfields Ltd., a Qualified Person pursuant to National Instrument 43-101.

About Laurentian Goldfields Ltd.

Laurentian is a team of highly skilled exploration professionals focused on discovery and growth in under-explored regions of mining-friendly jurisdictions. Laurentian generates new projects by employing leading edge exploration concepts and techniques. Laurentian is committed to developing shareholder wealth through identifying, acquiring and advancing high quality exploration properties in Canada.

ON BEHALF OF THE BOARD OF DIRECTORS,

Darin labrenz, P.Geo., President and CEO

Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to mineral potential and planned exploration, development and production activities. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, realized mineralization of properties and the timing and success of future exploration, development and production activities.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Laurentian Goldfields Ltd.
Darin Labrenz
President and CEO
(604) 646-8000
(604) 646-8088 (FAX)
info@laurentiangoldfields.com
www.laurentiangoldfields.com
or
Humbercrest Capital
Michael Joyner
(416) 722-4925
mjoyner@humbercrestcapital.com
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Pure Gold Mining.

EXPLORATION STAGE
CODE : PGM.V
ISIN : CA74624E1007
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Pure Gold. is a gold exploration company based in Canada.

Its main exploration properties are MADSEN, VAN HORNE, NEW KLONDIKE, GOLDPINES, GRENVILLE and MAZE LAKE in Canada.

Pure Gold. is listed in Canada. Its market capitalisation is CA$ 3.8 millions as of today (US$ 3.0 millions, € 2.6 millions).

Its stock quote reached its highest recent level on December 18, 2020 at CA$ 3.08, and its lowest recent point on November 01, 2022 at CA$ 0.01.

Pure Gold. has 187 780 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
In the News and Medias of Pure Gold Mining.
4/1/2019Pure Gold eyes London listing this quarter
Financings of Pure Gold Mining.
3/20/2013Closes $100,000 Non-Brokered Private Placement
6/14/2011AngloGold Ashanti Ltd. Exercises Laurentian Goldfields Ltd. ...
3/7/2011Closes $2.65 Million Non-Brokered Private Placement
2/18/2011Increases Non-Brokered Private Placement
Financials of Pure Gold Mining.
9/23/2016Pure Gold Announces AGM Results
6/18/2016Reports Fiscal 2016 Financial Results
Project news of Pure Gold Mining.
7/14/2016(Madsen)Extends High Grade Gold to a Depth of 275 Metres - 170 Metre...
5/17/2016(Madsen)Intersects 10.9 g/t gold over 9.8 metres, Including 27.0 g/t...
6/9/2011(Van Horne)Commences Drill Program at Van Horne Property
4/12/2011(Goldpines)Completes Drill Program at Goldpines North Joint Venture
Corporate news of Pure Gold Mining.
9/24/2016Announces AGM Results
7/14/2016Pure Gold Extends High Grade Gold to a Depth of 275 Metres -...
6/18/2016Pure Gold Reports Fiscal 2016 Financial Results
6/14/2016Pure Gold Intersects 31.3 g/t Gold Over 3.7 Metres Including...
6/9/2016Pure Gold Announces Significant Expansion of 2016 Exploratio...
6/8/2016Pure Gold Closes Previously Announced Bought-Deal Private Pl...
6/3/2016Pure Gold Files PEA Technical Report on SEDAR
6/2/2016Pure Gold Announces Appointment of Corporate Secretary and G...
5/25/2016Pure Gold Announces C$5 million Bought Deal Private Placemen...
5/20/2016Pure Gold Announces Final Closing of Sale of Non-Core Assets...
5/17/2016Pure Gold Intersects 10.9 g/t Gold Over 9.8 Metres, Includin...
5/4/2016Pure Gold Reports Additional Near Surface, High Grade Gold a...
10/24/2012Announces Share Consolidation Proposal
3/30/2012Defines Bulk-Tonnage Gold Exploration Target
7/18/2011Completes Phase I Drilling at Thundercloud Property, Ontario
5/26/2011Intersects 1.55 g/t Gold Over 68.8 Metres at Thundercloud Pr...
5/10/2011Stakes Rossing-Type Uranium Target in Saskatchewan
4/7/2011Commences Drill Program at Thundercloud Project
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (PGM.V)
0.020+33.33%
TSX-V
CA$ 0.020
12/06 09:30 0.010
33.33%
Prev close Open
0.015 0.020
Low High
0.015 0.020
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.020 -%
Volume 1 month var.
485,844 -%
24hGold TrendPower© : -7
Produces
Develops
Explores for Copper - Gold - Iron
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 2/24/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.72-0.19%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 10.87-3.12%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.56+0.18%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06-8.33%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.38-4.03%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 15.79-0.32%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.86+0.54%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.13+0.58%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+5.88%Trend Power :