Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in
In the same category
Golden Tag Results Extend Zone in SD-12-50A to 362.6 Meters Grading 135 g/t Ag.EQ(i) and SD-12-50W Confirms Continuity in Discovery Area, San Diego Project, Mexico
Published : November 26, 2012
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Canada | Debt | Diamond | G Mexico | Gold | Lead | Market | Mexico | Recovery | Silver | Zinc |

MONTREAL, QUEBEC--(Marketwire - Nov. 26, 2012) - Golden Tag Resources Ltd. (News - Market indicators) is pleased to provide additional results from the recently completed 5,500 metre program of Diamond drilling on the San Diego Property, Durango State, Mexico. New assay results are now available for SD-12-50A, from 944 metres to 1049.10 metres (EOH.); and, for SD-12-50W, a wedge-cut from -50A. Hole -50W is the fifth and final hole of the current program. All five holes confirm strong continuity to Silver-, Lead- and Zinc-rich mineralization within a broad zone of stockwork veining and alteration along the Southeast Contact of the Central Diorite Intrusion. Mineralization remains open for further extension and additional drilling will be needed to establish the exact geometry of this new zone.

Hole SD-12-50A and 50 :

Highlights for -50A have been finalized as follows:

Hole From To Length Au Ag Pb Zn Cu AgEQ.*
SD-12-50A (m) (m) (m) g/t g/t % % % g/t
La Cruz Vein 23.30 27.80 4.50 0.38 346 0.88 1.70 0.103 444
ENDOSKARN 686.50 1049.10 362.60 0.1 59 0.68 1.43 0.16 135
Highlight 743.55 991.00 247.45 0.13 66 0.75 1.70 0.166 154
incl. 743.55 801.00 57.45 0.23 97 1.04 1.81 0.168 200
incl. 837.50 855.50 18.00 0.24 71 1.29 2.35 0.161 195
incl. 907.85 953.25 45.40 0.18 86 0.99 2.81 0.238 218
with 918.05 937.20 19.15 0.22 120 1.59 4.44 0.278 316
incl. 991.00 1049.10 58.10 0.03 43 0.45 1.15 0.186 104
EOH at 1049.10 m

Results to 944 meters were reported in a News Release on September 24th, 2012. The return of assays from 944 to the end of hole (EOH) at 1049.1 meters shows that mineralization occurs over a core length of 362.6 meters from 686.50 to 1049.1 metres.

Hole
SD-12-50
From
(m)
To
(m)
Length
(m)
Au
g/t
Ag
g/t
Pb
%
Zn
%
Cu
%
AgEQ.*
g/t
La Cruz Vein 17.40 22.00 4.60 0.45 517 0.62 1.55 0.045 602
EOH at 27.75 m - Hole 12-50 abandoned due to excessive hole deviation

Hole SD-12-50W :

Results for hole -50W, include:

Hole From To Length Au Ag Pb Zn Cu AgEQ.*
SD-12-50W (m) (m) (m) g/t g/t % % % g/t
Stringer Zones 695.55 761.30 65.75 0.18 29 0.46 0.40 0.084 64
incl. 695.55 707.50 11.95 0.07 51 0.80 0.45 0.095 98
incl. 715.65 729.80 14.15 0.07 28 0.55 0.57 0.085 69
incl. 729.80 761.30 31.50 0.12 23 0.34 0.37 0.085 56
ENDOSKARN 761.30 971.45 210.15 0.04 50 0.53 1.18 0.15 112
incl. 761.30 787.45 26.15 0.09 47 0.57 0.85 0.16 104
incl. 787.45 818.75 31.30 0.05 31 0.36 0.53 0.09 66
Highlight 818.75 971.45 152.70 0.03 55 0.55 1.37 0.16 122
incl. 818.75 868.75 50.00 0.04 82 0.82 1.44 0.134 157
incl. 868.75 884.65 15.90 0.03 26 0.23 0.56 0.08 56
incl. 884.65 971.45 86.80 0.03 44 0.46 1.48 0.19 114
Hole SD-12-50W terminated at 1152.0 m.
Note:1/*Ag Equivalent (Ag.EQ) Calculation uses US$commodity prices of: $1300/oz .Au; $24.50/oz. Ag; $0.90/lb Zn; $0.95/lb Pb; $3.25/lb Cu applying 100% recovery of all metals. All reported lengths are core lengths in meters. T = short ton; t = metric tonne.
2/ Cut off limits (& Minimum Mining Width): Selective Vein 93 g/t Ag (1.0 m); Long hole narrow 76 g/t Ag (2.50m); Bulk 60 g/t Ag (5.0m).

SD-12-50W confirms the continuity of mineralization between holes SD-12-50A and SD-12-49. Hole locations for Phase 6 are shown in Figure 1. The Company is planning to issue a news release in the very near future providing an overall review of the Phase 6 program.

The property is a 50/50 joint venture between Golden Tag and Golden Minerals Company (NYSE Amex:AUMN)(TSX:AUM). In March 2012, Golden Tag signed a revised option agreement with AUM whereby it can earn up an additional 10% interest in the property by incurring $3 million of exploration expenses (see News Release: March 28, 2012). Golden tag has funded the Phase 6 program on the San Diego Property as part of this work commitment.

Quality Control

Mr. David Rigg, C.E.O. Golden Tag, P.Geo. and Ms. Kateri Marchand, P.Geo, San Diego Project Manager; both Qualified Person's under the definition of NI 43-101, have supervised the work program and have reviewed the technical accuracy of this press release.

Assay samples are taken from HQ/NQ size drill core cut in half with one half sent to a commercial laboratory and other half retained for future reference. A strict QA/QC program is followed which includes mineralized standards and blanks for each batch of samples. Analyses were performed by ALS Chemex accredited assay laboratories of Zacatecas (Mexico) and Vancouver (Canada). All drill core, laboratory pulps and rejects are stored on site.

Golden Tag Resources

Golden Tag is focused on exploration for high-grade gold and silver deposits in Canada and Mexico. Exploration projects are being advanced on the San Diego silver project in Durango State, Mexico; the Aquilon gold project in James Bay, Quebec and the Verneuil gold project in Quebec. Golden Tag also has interests in the McCuaig gold project in Red Lake, Ontario. Golden Tag has 53,426,558 issued and outstanding shares and has no outstanding debt.

Cautionary Statement: Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Statements in the release that are "forward looking statements" are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially. For a discussion of the risk factors that are inherent in our business see our public filings at www.sedar.com.

To view the accompanying figure please click to the following link: http://media3.marketwire.com/docs/Phase-6-Drill-Hole-Location.pdf

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.

Golden Tag Resources Ltd.
Marc A. Carrier
President and C.F.O.
(514) 426-8542
(514) 426-8543 (FAX)
pres@goldentag.ca
www.goldentag.ca
Data and Statistics for these countries : Canada | Mexico | All
Gold and Silver Prices for these countries : Canada | Mexico | All

Golden Tag Resources Ltd.

EXPLORATION STAGE
CODE : GOG.V
ISIN : CA38121P1080
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

Golden Tag Res. is an exploration gold company based in Canada.

Golden Tag Res. holds various exploration projects in Mexico.

Its main exploration properties are VERNEUIL TOWNSHIP, MCCUAIG and AQUILON in Canada and SAN DIEGO in Mexico.

Golden Tag Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 5.3 millions as of today (US$ 4.0 millions, € 3.6 millions).

Its stock quote reached its highest recent level on April 20, 2007 at CA$ 0.78, and its lowest recent point on January 29, 2016 at CA$ 0.02.

Golden Tag Res. has 58 426 558 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Golden Tag Resources Ltd.
8/2/2016July 29, 2016 GOLDEN TAG COMPLETES $900,000 FINANCING
Project news of Golden Tag Resources Ltd.
5/29/2015May 28, 2015 Golden Tag clarifies its disclosure on the mine...
4/9/2015(San Diego)Obtains Two Year Extension to March 24, 2017 to Its 60% Earn...
7/30/2013(San Diego)Obtains One Year Extension to Its 60% Earn-in San Diego Prop...
9/25/2012(San Diego)Drills 241 m of 148 g/t AgEq at San Diego
2/22/2011(San Diego)and ECU Silver Initiate Work Program on San Diego Property, ...
1/5/2011(San Diego)ECU Silver and Golden Tag to Recommence Drilling on San Dieg...
11/4/2010(Aquilon)Reports Active Drilling On High Grade Gold Zones on the Aqu...
7/23/2010(Aquilon)Company Update. Artibration - Projects
7/23/2010(San Diego)Company Update. Artibration - Projects
7/23/2010(Mccuaig)Company Update. Artibration - Projects
Corporate news of Golden Tag Resources Ltd.
7/29/2016Golden Tag Completes $900,000 Financing, Inks Definitive San...
7/6/2016Golden Tag Updates Financing
6/1/2016May 26, 2016 GOLDEN TAG TO RAISE UP TO $900,000
5/26/2016Golden Tag to Raise Up to $900,000
4/21/2016April 12, 2016 GOLDEN TAG TO ACQUIRE FINAL 50% OF SAN DIEGO ...
4/12/2016Golden Tag to Acquire Final 50% of San Diego Silver Project,...
11/3/2015October 14, 2015 SALE OF COMPANY'S INTEREST IN THE AQUILON P...
10/15/2015Golden Tag Resources Ltd.: Sale of Company's Interest in the...
6/15/2015June 12, 2015 Golden Tag Confirms Refiling of the Technical ...
6/12/2015Golden Tag Confirms Refiling of the Technical Report on the ...
5/28/2015(San Diego)Clarifies Its Disclosure on the Mineral Resources on the San...
5/28/2015Golden Tag Clarifies Its Disclosure on the Mineral Resources...
4/27/2015April 9, 2015 Golden Tag Obtains Two Year Extension To March...
4/9/2015Golden Tag Obtains Two Year Extension to March 24, 2017 to I...
11/20/2014Golden Tag Appoints Prominent Montreal Businessman George Du...
5/2/2014Golden Tag Announces Annual Meeting, Record Date and Adopts ...
4/25/2014Golden Tag Resources Ltd.: Announcement
4/23/2013(San Diego)Files Independent 43-101 Technical Report with Updated Miner...
2/26/2013Reports 31.6 Million Ounces Silver Indicated and 83.8 Millio...
12/13/2012(San Diego)New Discovery Adds Bulk Mining Potential to Emerging Major S...
11/26/2012Results Extend Zone in SD-12-50A to 362.6 Meters Grading 135...
10/15/2012Drills 100-Metre Step-Out Hole Intersecting 63 g/t Silver Ov...
9/24/2012Expands Bulk Mining Potential With 148 g/t AgEQ(i) Over 241 ...
4/21/2011Completes $2.75 Million Financing Including Investments from...
12/2/2010Completes $3 Million Financing
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (GOG.V)Other OTC (GTAGF)
0.090-10.00%0.080+14.29%
TSX-V
CA$ 0.090
08/30 15:40 -0.010
-10%
Prev close Open
0.100 0.090
Low High
0.090 0.100
Year l/h YTD var.
0.020 -  0.160 350.00%
52 week l/h 52 week var.
0.020 -  0.160 200.00%
Volume 1 month var.
63,175 -18.18%
24hGold TrendPower© : -15
Produces
Develops
Explores for Diamonds - Gold - Lead - Silver - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 2/25/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
Annual variation
DateVariationHighLow
2016350.00%0.180.02
2015-60.00%0.080.02
20140.00%0.110.02
2013-72.22%0.240.02
2012-35.71%0.410.16
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
SolgoldSOLG.L
Conditional Agreement with Newcrest
GBX 7.25-1.76%Trend Power :
SolgoldSOLG.L
Maxit Capital - First Tranche Raising Share Issue Details
GBX 7.25-1.76%Trend Power :
Vedanta Res.(Au-Cu-Le)VED.L
Update and Aluminium and Power
GBX 510.50-3.22%Trend Power :
Parmelia Resources LTDPML.AX
Parmelia to Close Oversubscribed Prospectus Offer - (PDF - 87.44 Kb)
AU$ 0.08+0.00%Trend Power :
CabotCBT
to Introduce Reinforcing Materials for Weather Stripping Applications in Asia
US$ 48.69-5.62%Trend Power :
SpitfireSPI.AX
Ceasing to be a substantial holder
AU$ 0.04-2.44%Trend Power :
New Zealand Oil & GasNZO.AX
Tender offer
AU$ 0.45+2.27%Trend Power :
Musgrave Minerals LTDMGV.AX
Appendix 3Y - J Percival
AU$ 0.07+0.00%Trend Power :
OM HoldingsOMH.AX
1H 2016 Interim Financials
AU$ 0.09+0.00%Trend Power :
Carbon Energy(Ur-Au)CNX.AX
Appendix 3B Cleansing Notice for Issue of Interest Shares
AU$ 0.01-6.67%Trend Power :
IMX Resources NL(Cu-Ni-Pa)IXR.AX
Change of Director’s Interest Notice
AU$ 0.10+4900.00%Trend Power :
Marindi Metals LTDMZN.AX
Marindi secures funding to explore Caranbirini Zinc Project
AU$ 0.01+0.00%Trend Power :
Marindi Metals LTDMZN.AX
Marindi secures funding to explore Caranbirini Zinc Project
AU$ 0.01+0.00%Trend Power :
LeadFX Inc.LFX.TO
Announces US$1.0 Million Loan and Business Update
CA$ 0.34+0.00%Trend Power :
Aldridge Min.(Ag-Au-Cu)AGM.V
Aldridge Minerals Provides Financing Update
CA$ 0.31+1.64%Trend Power :
Tyranna Resources LTDTYX.AX
Extension of Rights Issue Closing Date
AU$ 0.04-12.50%Trend Power :
Santana Minerals LTDSMI.AX
Santana Minerals Closes $2m Placement
AU$ 0.06-7.14%Trend Power :
Danakali LTDDNK.AX
Issue of Shares– Appendix 3B S708A Notice
AU$ 0.39+1.30%Trend Power :
Eden EnergyEDE.AX
Group Incentive Plan - Increase in Issue of ESOP Options
AU$ 0.20-9.09%Trend Power :
Chesapeake Energy(Ngas)CHK
Announces Increase In Size Of Cash Tender Offers For Contingent Convertible Senior Notes
US$ 6.51+1.09%Trend Power :