Fermer X Les cookies sont necessaires au bon fonctionnement de 24hGold.com. En poursuivant votre navigation sur notre site, vous acceptez leur utilisation.
Pour en savoir plus sur les cookies...
Cours Or & Argent
Gammon Gold Reports High-Grade Discovery at La Balleza Vein in Venus Project: 0.6m grading 62.20 grams per tonne Gold and 2700 grams per tonne Silver
Published : April 06, 2011
( 0 vote, 0/5 ) Imprimer l'article
  Article Commentaires Commenter Notation Suivre la société  
0
envoyer
0
commenter
Mots clés associés :   G Mexico |

TORONTO, April 6 /CNW/ - Gammon Gold Inc. ("Gammon") (TSX: GAM) (NYSE: GRS): Gammon is pleased to announce that a new discovery of high-grade gold-silver mineralization in the La Balleza Vein in the north-central portion of the Venus property.

Venus Project Drilling Highlights


Highlights from the 12 holes for which assays have been received include:

  • VEN-009, 0.7 metres grading 62.20 grams per tonne gold and 2,700 grams per tonne silver, or 111.29 grams per tonne gold equivalent(1).
  • VEN-004, 0.6 metres grading 8.58 grams per tonne gold and 1,050 grams per tonne silver, or 27.67 grams per tonne gold equivalent(1).

(1) Using the Company's long-term gold equivalency ratio of 55:1 (which assumes 100% metallurgical recoveries and royalties for gold and silver).

"We are very encouraged by the early drilling results our Venus Project, which lies three kilometres directly north of the Ocampo Mine Properties.  The surface work completed to date has shown that there are multiple veins outcropping with locally very high grades on surface.  Results from three holes drilled on the La Balleza Vein have reported some very high gold and silver grades on two of those holes." stated Peter Drobeck, Senior Vice President of Exploration and Business Development.  He continued, "As well as the high-grade discoveries at La Balleza, we are also encouraged by the surface geology and initial drilling results from the Santo Nino Vein, located a kilometre south of La Balleza.  This vein is locally up to 30 metres wide of banded and brecciated calcite - quartz, has been traced for 2.4 kilometres along strike and has shown highly anomalous surface sample values up to 49.80 grams per tonne gold."

About Gammon Gold

Gammon Gold Inc. is a mid-tier gold and silver producer with properties in Mexico.  Gammon's flagship Ocampo Property in Chihuahua State achieved commercial production in January 2007.  Gammon also owns the El Cubo mine in Guanajuato State and has the promising Guadalupe y Calvo development property in Chihuahua State.  Over the past year Gammon completed option purchase agreements to acquire the Mezquite Project in Zacatecas State, Mexico, the Venus project located north of the Ocampo mine, and the Los Jarros Project in Chihuahua State, and has executed an option to joint venture agreement on the La Bandera Project in Durango State, Mexico.  Since 2008, the Company has increased its Mexican land position by over 110% and has made strategic investments in Golden Queen Mining Co. Ltd. and Corex Gold Corporation.  The Company's Executive Office is located in Toronto, Ontario.

Cautionary Statement

Cautionary Note to US Investors - The United States Securities and Exchange Commission permits US mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. This press release uses certain terms, such as "measured," "indicated," and "inferred" "resources," that the SEC guidelines strictly prohibit US registered companies from including in their filings with the SEC. US Investors are urged to consider closely the disclosure in Gammon gold's Annual Report on Form 40-F, which may be secured from Gammon gold, or from the SEC's website at http://www.sec.gov/edgar.shtml.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Certain statements included herein, including information as to the future financial or operating performance of the Company, its subsidiaries and its projects, constitute forward-looking statements. The words ''believe'', ''expect'', ''anticipate'', ''contemplate'', ''target'', ''plan'', ''intends'', ''continue'', ''budget'', ''estimate'', "forecast", ''may'', ''will'', ''schedule'' and similar expressions identify forward-looking statements. Forward-looking statements include, among other things, future exploration results of its development program, the Company's ability to delineate additional resources and reserves as a result of such program, and the company's ability to mine such targets by mid-2011, statements regarding its financial exposure to litigation, targets, estimates and assumptions in respect of gold and silver production and prices, operating costs, results and capital expenditures, mineral reserves and mineral resources and anticipated grades, recovery rates, future financial or operating performance, margins, operating and exploration expenditures, costs and timing of completion of the Ocampo expansion program and improvements to the heap leach pad, costs and timing of the development and commencement of production of new deposits, costs and timing of construction, costs and timing of future exploration and reclamation expenses including, anticipated 2010 results, operating performance projections for 2010 and 2011, our ability to fully fund our business model internally, 2010 gold and silver production and the cash and operating costs associated therewith, the ability to achieve productivity and operational efficiencies, the ability to access grid power at Ocampo, further reduction in the open pit stripping ratio and the timing of each thereof. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors could cause the Company's actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, the Company. Such factors include, among others, known and unknown uncertainties and risks relating to additional funding requirements, reserve and resource estimates, commodity prices, hedging activities, exploration, development and operating risks, illegal miners, political and foreign risk, uninsurable risks, competition, limited mining operations, production risks, environmental regulation and liability, government regulation, currency fluctuations, recent losses and write-downs, restrictions in the Company's loan facility, dependence on key employees, possible variations of ore grade or recovery rates, failure of plant, equipment or process to operate as anticipated, accidents and labour disputes. Investors are cautioned that forward-looking statements are not guarantees of future performance and, accordingly, investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.

TABLE  1: Summary of Positive Drill Intercepts from Venus Project

Hole_ID   From,  To,  Length,   Au,   Ag,   AuEq(55),  Target
  m   m   m    gpt  gpt  gpt  
VEN-001   27.0  28.5  1.5   0.69  0.70   La Boleta
VEN-002   31.2  33.9  2.7   0.45  0.50   La Boleta
VEN-002   45.9  46.4  0.5   2.63  2.68   La Boleta
VEN-004  281.9  282.5  0.6   8.58  1050  27.67   La Balleza
VEN-004  286.5  287.1  0.6   2.99  150  5.72   La Balleza
VEN-005   85.7  86.4  0.7   0.07  0.16   La Balleza
VEN-005   89.4  92.4  3.0   0.13  0.15   La Balleza
VEN-005   93.2  93.9  0.8   0.58  0.64   La Balleza
VEN-006   41.0  63.6  22.6   0.14  0.15   Veta_Sto_Niño
VEN-006   63.6  65.5  2.0   5.50  34  6.12   Veta_Sto_Niño
VEN-006   65.5  97.6  32.1   0.12  0.13   Veta_Sto_Niño
VEN-007   4.0  12.0  8.0   0.23  0.27   Veta_Sto_Niño
VEN-007   134.5  151.2  16.7   0.21  0.23   Veta_Sto_Niño
VEN-009   56.0  60.5  4.5   1.49  18  1.83   La Balleza
VEN-009   82.5  84.0  1.5   1.89  1.92   La Balleza
VEN-009  109.1  109.8  0.7   62.20  2700  111.29   La Balleza
VEN-011   292.0  293.6  1.6   1.05  1.10   Veta_Sto_Niño
VEN-012   118.0  137.3  19.3   0.33  0.35   Veta_Sto_Niño

Note:  The Venus Project information has been reviewed by Qualified Person, Mr. Peter Drobeck. Sample analyses for Venus Project drilling were performed by ALS-Chemex Laboratories (based in Vancouver, British Columbia, using their facility in Hermosillo, Mexico).  Gold was analyzed using standard fire assay procedures with AA finish, and silver by multi-acid digestion with AA finish.  The high gold assays reported herein for drill holes VEN-004 and VEN-009 had their gold values checked with screen fire assays which are shown on Table 1 (standard fire assays were slightly higher).  The Company has an established program of inserting certified control samples and blanks in compliance with best practices, and this program is used at the Venus Project per Company policies.  Sample lengths are not necessarily true widths.

Diagram 1: Location Map of Venus Project in the Ocampo - Pinos Altos - Concheno Mining District, Western Chihuahua, Mexico.  Grey shading indicates Gammon Gold Inc's mineral land position.

http://files.newswire.ca/258/Diagram1.pdf

Diagram 2:  Location Map of Drill Collars completed by Gammon Gold Inc. on the Venus Project. 

http://files.newswire.ca/258/Diagram2.pdf

Diagram 3:   Cross - Section looking northwest of the La Balleza Vein, Venus Project, showing newly reported drill intersections. 

http://files.newswire.ca/258/Diagram3.pdf

 

For further information:

please visit the Gammon gold website at www.gammongold.com or contact:

Peter Drobeck
Sr. VP Exploration & Business Development
Gammon Gold Inc.
416-646-3825
Anne Day
Director of Investor Relations
Gammon Gold Inc.
416-646-3825

 

VanEck Vectors Global Alternative Energy ETF

PRODUCTEUR
CODE : AUQ.TO
ISIN : CA3649151089
Suivi et investissement
Add to watch list Add to your portfolio Add or edit a note
Ajouter une alerte Ajouter aux Watchlists Ajouter au portefeuille Ajouter une note
ProfilIndicateurs
de Marché
VALEUR :
Projets & res.
Communiqués
de Presse
Rapport
annuel
RISQUE :
Profile actifs
Contactez la cie

Aurico est une société de production minière d'or basée au Canada.

Aurico est productrice d'or, d'argent au Mexique, en développement de projets d'argent et d'or au Mexique, et détient divers projets d'exploration au Mexique.

Ses principaux projets en production sont OCAMPO et LAS TORRES au Mexique, son principal projet en développement est EL CUBO au Mexique et ses principaux projets en exploration sont LOS JARROS, LA BANDERA MEXICO, GUADALUPE Y CALVO, MEZQUITE et GUADALUPE Y CALVO au Mexique.

Aurico est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 169,8 millions (135,2 millions US$, 121,6 millions €).

La valeur de son action a atteint son plus haut niveau récent le 07 octobre 2011 à 9,97 , et son plus bas niveau récent le 03 juillet 2015 à 3,58 .

Aurico possède 47 442 200 actions en circulation.

Votre avis nous interesse, merci de laisser un commentaire ou de noter cet article.
Evaluer : Note moyenne :0 (0 vote) Voir les mieux notés
 
Dans les médias de VanEck Vectors Global Alternative Energy ETF
15/08/2006Follow up N° 15
09/06/2006Follow up N° 4
Financements de VanEck Vectors Global Alternative Energy ETF
20/04/2015Closes Previously Announced Private Placement
Nominations de VanEck Vectors Global Alternative Energy ETF
18/09/2014Appoints Janice Stairs, LLB, MBA to the Board of Directors
27/06/2013AuRico Gold Appoints Non-Executive Chairman
11/06/2013AuRico Gold Announces Resignation of Executive Chairman
13/05/2013AuRico Gold Reports Voting Results for Election of Directors
Rapports Financiers de VanEck Vectors Global Alternative Energy ETF
31/03/2015Announces Details for First Quarter Results and Annual Gener...
06/10/2014Announces Details for Third Quarter Results
08/05/2014Reports First Quarter Financial Results, Reports Seventh Con...
10/02/2014AuRico Gold Announces Details for Fourth Quarter and Year-En...
15/01/2014AuRico Gold Announces Preliminary Fourth Quarter Operational...
15/10/2013AuRico Gold Announces Preliminary Third Quarter Operational ...
07/10/2013AuRico Gold Announces Details for Third Quarter Results Webc...
08/08/2013Reports Second Quarter Financial Results
16/07/2013AuRico Gold Announces Preliminary Second Quarter Operational...
08/07/2013AuRico Gold Announces Details for Second Quarter Results Web...
09/05/2013Reports First Quarter Financial Results
17/04/2013AuRico Gold Announces Details for First Quarter Results Webc...
15/04/2013AuRico Gold Announces Preliminary First Quarter Operational ...
26/03/2013AuRico Reports Fourth Quarter and Annual Financial Results
13/02/2013AuRico Gold Announces Details for 2012 Fourth Quarter and Ye...
18/01/2013Announces Preliminary Fourth Quarter and Annual Operational ...
13/11/2012Reports Third Quarter Financial Results and Updates on Young...
22/10/2012Announces Details for Third Quarter Financial Results and We...
12/05/2011Reports First Quarter Financial Results, Including Record ...
24/03/2011New Press Release
28/02/20112010 Exploration Adds Proven and Probable Reserves and Measu...
Projets de VanEck Vectors Global Alternative Energy ETF
12/09/2013AuRico Gold Provides an Update on the 2013 El Chanate Explor...
14/11/2012Reports Fatalities at El Chanate Mine
06/11/2012Announces Continued Exploration Success at Young=2DDavidson
22/10/2012Provides an Update on the 2012 El Chanate Exploration Progra...
10/10/2012(Ocampo)to Sell the Ocampo Mine and Enters into a Joint Venture Agre...
13/07/2012(El Cubo)Endeavour Silver and AuRico Gold Complete the Purchase/Sale ...
29/06/2012(El Cubo)Endeavour Silver and AuRico Gold Extend Closing of the Purch...
07/03/2011(Guadalupe Y Calvo)Reports Numerous New Drill Intercepts at the Guadalupe y Cal...
23/02/2011(El Cubo)Gammon Gold Announces New El Cubo Collective Agreement and R...
22/02/2011(El Cubo)Provides Update on Labour Negotiations at the El Cubo Mine
27/01/2011(Los Jarros)Reports a New Discovery with Significant Drill Results at th...
12/01/2011(Mezquite)Reports 8.9 Metres at 4.25 Grams per Tonne Gold
Communiqués de Presse de VanEck Vectors Global Alternative Energy ETF
20/01/2016AuRico Metals Provides Update on Kemess Underground Environm...
15/01/2016AuRico Metals' Shareholders Affirm Shareholder Rights Plan
13/10/2015AuRico Metals Announces Change to Board of Directors
21/09/2015Alamos Announces Discovery of New Zones of Mineralization at...
18/09/2015AuRico Metals Announces Closing of Acquisition of Royalties ...
12/08/2015Alamos Reports Second Quarter 2015 Results
05/08/2015AuRico Metals Announces Adoption of Shareholder Rights Plan ...
24/07/2015Raymond James Upgrades Alamos Gold On Valuation
10/07/2015Canaccord Upgrades Alamos Gold, Sees 39% Return Possibility
09/07/2015Alamos Gold Provides Notice of Second Quarter 2015 Results a...
06/07/2015Alamos and AuRico Metals Announce Completion of Merger
29/06/2015S&P Dow Jones Indices Announces Changes to the S&P/TSX Canad...
23/04/2015Can The Uptrend Continue for AuRico Gold (AUQ)? - Tale of th...
20/04/2015AuRico Gold Closes Previously Announced Private Placement
14/04/2015UPDATE 3-Canada's Alamos Gold, AuRico merger may spark rival...
13/04/2015CANADA STOCKS-TSX win streak halted at 7; resource and indus...
13/04/2015Canada's Alamos Gold, AuRico merger may spark rival bids
13/04/2015Canada Stocks to Watch: AuRico, Alamos, Merus and more
13/04/2015Alamos Gold, AuRico Gold merging in $1.5 billion deal
13/04/2015Canada's Alamos Gold, AuRico Gold to merge in $1.5 bln deal
13/04/2015Alamos Gold and AuRico Gold to Combine
31/03/2015AuRico Gold Announces Details for First Quarter Results and ...
22/12/2014Negotiates Receipt of C$20 Million Upfront Payment and Ongoi...
06/11/2014Reports Third Quarter Financial Results and Ninth Consecutiv...
01/04/2014Announces Preliminary First Quarter Production Results
27/03/2014Announces Closing of $315 million Senior Secured Second Lien...
06/02/2014AuRico Gold Announces 2014 Operational Outlook
03/01/2014AuRico Gold Declares Quarterly Dividend
07/11/2013AuRico Gold Reports Third Quarter Financial Results and Conf...
31/10/2013AuRico Gold Declares Underground Commercial Production at th...
17/09/2013AuRico Gold Declares Quarterly Dividend
17/09/2013Declares Quarterly Dividend
03/07/2013AuRico Gold Declares Quarterly Dividend
11/06/2013AuRico Gold Announces Dividend Reinvestment Plan and Dividen...
30/04/2013AuRico Gold Executive Chairman Takes Leave of Absence
26/03/2013AuRico Gold Declares Quarterly Dividend
26/03/2013AuRico Reports 2012 Reserve & Resource Update and Kemess Fea...
21/02/2013AuRico Gold Announces Inaugural Dividend Policy
24/01/2013AuRico Gold Announces Successful $300 Million Substantial Is...
06/11/2012Announces Settlement of McKenna Class Action
15/10/2012Reports Third Quarter Production Results and Update on Young...
04/05/2012Crocodile Gold Completes Acquisition of Fosterville and Staw...
15/04/2012Endeavour Silver and AuRico Gold Sign Definitive Agreement
27/03/2012Crocodile Gold and Aurico Gold Sign Definitive Agreement in ...
04/05/2011to Release First Quarter 2011 Financial Results on May 12, 2...
06/04/2011Reports High-Grade Discovery at La Balleza Vein in Venus Pro...
15/03/2011Makes Firm and Final Offer to Capital Gold
22/08/2005(Guadalupe Y Calvo)Presentation and Follow up
Publication de commentaires terminée
 
Dernier commentaire publié pour cet article
Soyez le premier à donner votre avis
Ajouter votre commentaire
TORONTO (AUQ.TO)NYSE (AUQ)
3,58-0.83%2,86+3.62%
TORONTO
CA$ 3,58
03/07 15:59 -0,030
-0,83%
Cours préc. Ouverture
3,61 3,65
Bas haut
3,58 3,67
Année b/h Var. YTD
 -  -
52 sem. b/h var. 52 sem.
- -  3,58 -%
Volume var. 1 mois
513 089 -%
24hGold TrendPower© : -37
Produit Gold - Silver
Développe Gold - Silver
Recherche Gold - Silver
 
 
 
Analyse
Interactive chart Add to compare
Graphique
interactif
Imprimer Comparer Exporter
Dernière mise à jour le : 31/03/2010
Vous devez être connecté pour accéder au portefeuille (gratuit)
Top Newsreleases
LES PLUS LUS
Variation annuelle
 
Graphique 5 ans
 
Graphique 3 mois
 
Graphique volume 3 mois
 
 
Nouvelles des Sociétés Minières
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
0,12 AU$-8,00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
7,08 AU$+0,50%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
2,20 AU$+0,00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
3,86 AU$+0,00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
0,12 +4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
8,91 US$-2,73%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
0,59 GBX-3,26%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,05 CA$+10,00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
2,06 CA$+0,00%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
12,67 +0,88%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,34 CA$+6,25%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,19 AU$+2,70%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
1,77 -2,21%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
40,37 US$-0,22%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,04 AU$+0,00%Trend Power :
Profitez de la hausse des actions aurifères
  • Inscrivez-vous à notre market briefing minier
    hebdomadaire
  • Recevez nos rapports sur les sociétés qui nous semblent
    présenter les meilleurs potentiels
  • Abonnement GRATUIT, aucune sollicitation
  • Offre limitée, inscrivez-vous maintenant !
Accédez directement au site.