Threegold Ressources Inc.

Published : March 29th, 2007

Encouraging Results From First Exploration Program On The Lemieux Dome Pro

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Copper | Diamond | Gold | Lead | Silver | Zinc |

Encouraging Results From First Exploration Program On The Lemieux Dome Property

Val-d'Or, Quebec March 29, 2007 - Threegold Resources Inc. (THG:TSX Venture Exchange) are pleased to announce the results of its 2006 exploration program carried out on the Lemieux Dome Project in the Gaspe region of Quebec. The results will assists in the preparation of an expansive exploration program consisting of trenching, airborne geophysics, geochemistry and digital data modeling leading to a first Diamond drilling program is planned for the summer and fall of 2007. 

New mineralized occurrences were discovered, sampled and described by Robert J. Tremblay, P. Geo., an independent consultant to Threegold. The new occurrences are copper-bearing massive sulphides in shear zones ranging from one (1) metre to tens of metres in width and copper-bearing hematized breccias measuring up to ten (10) metres in outcrop width. 

Bedrock sampling results are summarized in the table below:

 

 

 

Average values

 

 

 

Trench

Property

Area

Cu

Zn

Ag

#  of

Sample type

Best values

#

 

 

(%)

(%)

(g/t)

samples

 

 

2

Gasse

Big Pioneer

0.42

2.63

4.37

20

Representative grab

samples over 54 metres

7.58% Zn and 12.2g/t Ag

2

Gasse

Big Pioneer

1.16

3.39

6.18

 

6

Representative grab

samples over 21 metres

4.16% Cu, 8.16% Zn and 11.3g/t Ag

3

Gasse

Big Pioneer

2.93

0.14

0.3

1

Selected grab sample

from trench

 

3

Gasse

Big Pioneer

7.66

0.48

2.1

1

Selected grab sample

from trench

 

3

Gasse

Big Pioneer

0.04

 

0.39

3.48

5

Representative grab

samples over 20 metres

0.51% Zn and 16.3g/t Ag

4

Gasse

Big Pioneer

0.50

2.44

7.47

8

Selected grab samples

over 43 metre interval

6.23% Zn and 41g/t Ag

5

Gasse

East Big Pioneer

0.89

0.51

3.44

14

Selected grab samples

over 336 metre interval

4.35% Cu, 4.93% Zn and 23.2g/t Ag

6

Gasse

North Brandy

3.06

0.14

 

5.17

32

Representative grab

samples over 27 metres

23% Cu and 51.3g/t Ag

 

 

 

 

 

 

 

 

 

1V

Vital

South Camp

2.18

2.65

6.87

6

Selected grab samples

over 26 metre interval

11.9% Cu, 7,89% Zn and 15.8g/t Ag

2V

Vital

South Camp

1.26

0.34

1.4

6

Selected grab samples

over 25 metre interval

3.13% Cu, 0.80% Zn and 5.4g/t Ag

3V

Vital

West Brandy

3.99

0.01

0.6

1

Aggregate sample along

10m shear zone

 

3V

Vital

West Brandy

1.68

0.01

0.7

1

Selected grab sample

from outcrop

 

-

Vital

South Brandy

11.9

0.75

8.5

1

Selected grab sample

from outcrop

 

-

Vital

South Brandy

0.11

13

9.6

1

Selected grab sample

from outcrop

 

-

Vital

South Brandy

0.20

4.93

4.5

1

Selected grab sample

from outcrop

 

-

Vital

Middle Gully

3.58

0.02

0.9

3

Selected grab samples

over 109 metre interval

8.5% Cu and 1.9g/t Ag

The zones and mineralized occurrences were systematically sampled and a total of 133 grab samples were assayed for Au, Ag, Cu, Zn and other major metals and elements.  The newly discovered zones returned anomalous copper values reaching up to 11% Cu and up to 7.58% Zn. The majority of samples also returned anomalous gold and silver values ranging up to 388ppb and 23.2g/t respectively.

In one new zone, trench number 6, located in the west central sector, a folded silicified sulphide-enriched shear zone returned average copper values of 3.06% copper for the representative grab samples taken over a 27 metre interval. Individual samples contained up to 23% Cu.  The same occurrence returned average silver values of 5.17 g/t with individual assays reaching up to 51.3 g/t Ag in addition to anomalous gold, zinc and lead values.  Apart from the shear zones, three hematized breccias located in the southwestern portion of the property assayed 8.5% , 3.9% and 2.2% Cu respectively.

Historical zinc occurrences where sporadic production was carried out in the past were revisited and re-sampled.  Samples in which zinc minerals were observed assayed from 0.2 to 13% Zn with associated silver ranging from 2.5 to 15.8g/t.  Further assessment of their potential will be conducted during 2007.

The Lemieux Dome Project comprises 248 claims covering an area in excess of 100 km2 in the Gasp� Peninsula of Quebec. The project is centered on a circular geological structure favorable to host large epithermal copper-gold zones as well as zinc-lead-silver veins. The 2006 exploration program was aimed primarily at exposing known mineralized structures to assess their potential and to characterize the observed mineralization.  The program also served to re-establish access to lesser explored areas through old forestry roads. Several new mineralized zones were exposed on steep hillsides while clearing old roads and these will be further investigated in 2007.

The field program and sampling was performed by Robert J. Tremblay, an independent consultant. The samples were assayed at the Laboratoire Expert in Rouyn-Noranda, Qu�bec using routine ICP for metals and elements. Copper, zinc and lead samples reaching the upper detection limits (10 000, 10 000 and 5 000 ppm respectively) were re-assayed using Atomic Absorption (AA) finish. Gold was assayed through fire assay on a 30g split portion with AA finish. Routine quality control analyses, check analyses are performed by the laboratory for internal QA/QC procedures.

The company is very pleased with the results that confirm the quality of our exploration project in Gasp�sie with the discovery of new mineralized zones.  The mineralization types discovered and described by Mr. Tremblay will also assist in targeting new, under-explored areas of the property.  With the recent property acquisition/option with Appalache s Resources Inc. (press release January 17 2007), Threegold now has access to the entire geological structure known as the Lemieux Dome.

An expansive exploration program, consisting of trenching, airborne geophysics, geochemistry and digital data modeling leading to a first Diamond drilling program is planned for the summer and fall of 2007. 

Antoine Fournier P. Geo is the Qualified Person responsible for the technical contents of this press release.

For further information, please contact:

Mr. Antoine Fournier, P.Geo.
President
Threegold Resources Inc.
Tel.: (819) 825-3883
Fax: (819) 825-7545
E-mail: info@threegold.ca 

Mr. Daniel Duval
Chairman of the Board
Threegold Resources Inc.
Tel.: (819) 825-3883
Fax: (819) 825-7545
E-mail: info@threegold.ca 

Renmark Financial C ommunications
Jason Roy: jroy@renmarkfinancial.com
Maurice Dagenais: mdagenais@renmarkfinancial.com
Tel: (514) 939-3989
Fax: (514) 939-3717
www.renmarkfinancial.com  

You can also visit our website at: www.threegold.ca (in construction)

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.

Threegold Ressources Inc.

EXPLORATION STAGE
CODE : THG.V
ISIN : CA8857991068
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

Threegold is a gold exploration company based in Canada.

Threegold holds various exploration projects in Canada.

Its main exploration properties are MERCIER, ADANAC, LEMIEUX DOME, FROTET-ROBERT and SOUTH BAY VAL D'OR in Canada.

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 Threegold Ressources Inc.
1/18/2007Threegold Receives Preliminary Report and Signs an Options t...
Financings of Threegold Ressources Inc.
5/11/2011Announces Closing of Private Placement
11/16/2009$604,800 Private Placement
7/15/2009completes the first closing of a $600,000 private placement
7/9/2009private placement and results from the Annual General Meetin...
12/4/2008ENGAGES DESJARDINS SECURITIES FOR PRIVATE PLACEMENT OF UP TO...
7/14/2008Completes $162,000 private placement
7/7/2008ORGANIZES $150,000 PRIVATE PLACEMENT
Nominations of Threegold Ressources Inc.
6/27/2013Announces Results of AGM and Addition of Two New Members to ...
6/27/2013Announces Results of AGM and Addition of Two New Members to ...
5/29/2013Adopts By-Law 2013-1 Incorporating an Advance Notice Provisi...
1/13/2009appointment of Mr. Octavio Soares as Chief Financial Officer
Project news of Threegold Ressources Inc.
6/28/2011(Adanac)Osisko Mining Corporation Begins Exploration on Threegold's ...
1/24/2011(Adanac) Exploration Resumes on Adanac Project, Quebec, and South Ba...
4/30/2010(Mercier)Preliminary results from second drilling program
2/4/2010(Mercier)Second phase of diamond drilling
6/5/2008(Adanac)$2.83M EXPLORATION BUDGET
Corporate news of Threegold Ressources Inc.
9/20/2013Resources Inc.: Corporate Update
1/24/2013CORRECTION FROM SOURCE: Threegold Would Like to Extend an In...
1/9/2013Intends to Acquire 19.9% Interest in Golden Eagle Peru
6/1/2011Osisko Mining Corporation Vice President of Legal Affairs Jo...
5/26/2011(Adanac)Osisko Mining Corporation to Option the Adanac Gold Project ...
5/19/2011Osisko Mining Corporation Acquires 9.2 Percent Stake in Thre...
4/25/2011Resources Inc.: $1,050,000 Non-Brokered Private Placement
12/3/2009Gold & Commodities Conference
1/22/2009Information
1/5/2009THREEGOLD
11/13/2008Information
9/10/2008FINAL RESULTS FOR 2007 DRILLING PROGRAM AND EXPLORATION UPDA...
3/29/2007Encouraging Results From First Exploration Program On The Le...
12/20/2006Threegold Resources Inc. Files Final Short Form Prospectus f...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (THG.V)
0.010+0.00%
TSX-V
CA$ 0.010
10/01 15:52 -
0%
Prev close Open
0.010 0.010
Low High
0.010 0.010
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.010 -%
Volume 1 month var.
411,738 -%
24hGold TrendPower© : -2
Produces
Develops
Explores for Gold - Niobium - Tantalum - Titanium - Zirconium
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 3/25/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
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$ 7.16+0.56%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.35-4.86%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$ 3.37+2.43%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 0.59+0.51%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.02+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.70+0.75%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$ 7.35+3.09%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.26-11.86%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.36+26.79%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$ 2.08+3.48%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 65.55+1.69%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$ 0.03+0.00%Trend Power :