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 en

Adanac Molybdenum Corporation

Publié le 01 octobre 2008

Ruby Creek Project - Exploration Update

( 0 vote, 0/5 ) Imprimer l'article
  Article Commentaires Commenter Notation Suivre la société  



Ruby Creek Project � Exploration Update


September 30, 2008 - Vancouver, British Columbia

Adanac Molybdenum Corp. ("Adanac or the Company" - TSX: AUA, Pink Sheets: AUAYF, Frankfurt: A9N) announces the results for 15 holes from its Ruby Creek 2007/ 2008 diamond drilling program.

2007/2008 Diamond Drill Program


The program includes 60 holes starting at AD372:


AD372 to AD374 results previously reported on September 13, 2007

AD375 to AD383 results previously reported on July 10, 2008

AD384 to AD393 condemnation holes

AD394 to AD402 results reported in this news release

AD403 to AD410 awaiting assay determinations

AD411 to AD416 results also reported in this news release

AD416 to AD431 awaiting assay determinations


The table attached to this news release provides location coordinates for all 60 holes (AD372 through AD431) and includes those reported in prior news releases - where coordinates were omitted. The drill-hole locations have recently been surveyed by Underhill Geomatics of Whitehorse.


15 Hole Update in this Release


The attached drill map shows the 15 holes for which assays are reported in this news release. These include holes AD394 through AD402 (9 holes) and AD411 through AD416 (6 holes). The assays and other information are provided in the attached table.


The 15 holes includes six vertical and angled holes drilled to the northwest of the feasibility defined open pit rim and eight vertical and angled holes drilled within the feasibility defined open pit, east of Moly Lake.


A number of the 15 holes completed the Company�s drilling outline of an approximate 450m long by 250m wide block of mineralization northwest of the Adera fault. The holes show two distinct zones, one shallow and the other extending to depth. Notably higher-grade mineralization was found at depth at the southwest end of the block in drill-hole AD400 which returned 36.6 meters of 0.15% Mo and 198.1 meters of 0.13% Mo. The mineralization is open to the southwest.


Other significant intercepts includes:


Hole AD-401 88.4 meters of 0.10% Mo and 259 meters of 0.70% Mo

Hole AD-415 213.4 meters of 0.08% Mo

Hole AD-416 182.9 meters of 0.10% Mo


The company is confident that recent drilling below the bottom of the feasibility study defined open pit and in the footwall of the Adera fault will add considerably to the Ruby Creek site mineralization, and that work north of the Adera fault has defined a substantial new resource in the northwest wall of the feasibility defined open pit.


Future News Releases


Adanac expects to release additional information on the 60 hole 2007/2008 program when assay results are available, which is expected prior to the end of 2008.


Adanac has engaged Golder Associates Ltd. to incorporate the information from the 2007/2008 drilling program and to update the mineral resource estimate for the Ruby Creek site. This work is currently underway and is expected to be complete one month following receipt of the final assays for the 60 hole program. Currently the report is expected prior to the end of 2008.


Golder Associates Ltd., previously determined the Ruby Creek deposit contains a NI 43-101 compliant �measured and indicated� resource of 212.9 million tonnes grading 0.063% Mo at a 0.04% Mo cut-off. This mineral resource does not include the drill results from the 2007/2008 drilling program.


CEO Comment

Peter R Jones, Adanac Chairman and CEO said "the high grade results continue to be very encouraging and I look forward to the new NI 43-101 report, addition mineralization will enhance our robust economics and open opportunities to further extend mine life or production rate�. He also said "we plan to complete project funding this year, start site construction in early 2009 with a production start in Q4 2010".

Qualified Person

This news release was reviewed by Robert Pinsent, PhD., P. Geo., a qualified person recognized under National Instrument 43-101.


1.     <!--[endif]-->Ruby creek 2007/2008 - 60 hole drilling information table

2.     <!--[endif]-->Ruby Creek 15 hole location plan

About Adanac Molybdenum Corporation

Adanac Molybdenum Corporation is listed on the TSX and Frankfurt exchanges and owns the Ruby Creek Molybdenum Project in Northern British Columbia. The Company has advanced the project through feasibility studies, a production decision and has previously ordered long-lead equipment, completed permitting for construction, constructed a road to the site and secured US$80 million in bridge financing. The Company is sourcing final construction funding and expects a site construction start in February 2009 and production in Q4, 2010.

Information Contact

Peter R. Jones � Chairman & CEO
Suite 200 � 2055 152 Street, Surrey, B.C. V4A 4N7
Telephone: 604-535-6834 Facsimile: 604-536-8411

Email: info@adanacmoly.com



Cautionary Notice: The Reader is cautioned that the full Cautionary Notice is not attached to this email. The reader is requested to access the news release on the Company�s website at www.adanacmoly.com or at SEDAR at www.sedar.com to read the full Cautionary Notice. The full Cautionary Notice is not attached as the recipient�s spam filters frequently block receiving emails containing the full Cautionary Notice.



To view tables and map, please click on link below:





It was sent from: Adanac Molybdenum Corp., 200 2055 152nd Street, Surrey, BC V4A 4N7 , Canada.

Email Marketing Software


Adanac Molybdenum Corporation

ISIN : CA00652E5065
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
de Marché
Projets & res.
de Presse
Profile actifs
Contactez la cie

Adanac Molybdenum est une société basée au Canada.

Adanac Molybdenum est en développement de projets de cuivre et de molybdène au Canada, et détient divers projets d'exploration au Canada.

Son principal projet en développement est RUBY CREEK au Canada et ses principaux projets en exploration sont B&C SPRINGS/ NEVADA BC, CUCOMUNGO et PINE NUT au Canada.

Adanac Molybdenum est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 5,3 millions CA$ (5,2 millions US$, 4,0 millions €).

La valeur de son action a atteint son plus bas niveau récent le 09 avril 2009 à 0,02 CA$, et son plus haut niveau récent le 04 mars 2011 à 9,00 CA$.

Adanac Molybdenum possède 25 462 000 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 Adanac Molybdenum Corporation
07/11/2007 640 million gamble on molybdenum mine
Financements de Adanac Molybdenum Corporation
10/12/2007Announces $15 million Equity Offering
Attributions d'options de Adanac Molybdenum Corporation
17/03/2008 Incentive Stock Options
Nominations de Adanac Molybdenum Corporation
22/09/2009 Announces Resignation of President and CEO and Appointment ...
05/08/2008Senior Management Core Team Appointment
Rapports Financiers de Adanac Molybdenum Corporation
28/02/2011Announces Emergence from CCAA
Projets de Adanac Molybdenum Corporation
29/05/2009(Ruby Creek)Releases Updated 2009 NI 43-101 Mineral Resource Report for ...
20/01/2009(Ruby Creek)Ruby Creek Project - Exploration Update
30/09/2008(Ruby Creek)Comprehensive Study Switched to Screening Assessment
01/10/2008(Ruby Creek)Ruby Creek Project - Exploration Update
10/07/2008(Ruby Creek)Drilling Encounters More Mineralization Adjacent to the Perm...
24/06/2008(Ruby Creek)Update and Ruby Creek Project
28/01/2008(Ruby Creek) Focusing on Critical Path
24/12/2007(Ruby Creek)Ruby Creek Receives Approval to Begin Onsite Construction
07/11/2007(Ruby Creek) Construction Begins at Ruby Creek
Communiqués de Presse de Adanac Molybdenum Corporation
25/01/2011Outlines New Common Share Distribution
28/08/2009Obtains Extension of Stay Period under CCAA to November 30, ...
06/07/2009Obtains Extension of Stay Period under CCAA
20/01/2009Completes Initial Restructuring
19/01/2009Gains Extension to Creditor Protection
20/12/2008to Evaluate Strategice Alternatives Under CCAA Protection
14/11/2008Presentation at Rodman and Renshaw Conference in New York
07/11/2008Interview with Mining Industry TV Airing Times
30/09/2008Implements Shareholder Rights Plan
19/09/2008Website Update and Reconstruction
08/08/2008Fish Habitat Reserve Facilitates Ruby Creek Tailings Permit
14/07/2008Management Reorganization
20/06/2008Receives BC Mines Act Permit
04/06/2008Corporate Update
28/05/2008Closes Bridge Financing
02/05/2008Corporate Update
16/04/2008Announces $80 Million Bridge Financing Offer
27/03/2008Announces Organizational Changes
19/03/2008Ruby Creek Project Update
29/01/2008New Interview Posted on Smartstox.com
17/01/2008MGI Securities Inc - INITIATING COVERAGE - Adanac Molybdenum...
31/12/2007Announces Completion of Previously Announced Financing
21/12/2007Announces Final Terms To Previously Announced Financing
17/10/2007Engages Investment Bank For Ruby Creek Debt Financing
11/09/2007Receives Environmental Certificate
Publication de commentaires terminée
Dernier commentaire publié pour cet article
Soyez le premier à donner votre avis
Ajouter votre commentaire
CA$ 0,210
29/05 09:54 -
Cours préc. Ouverture
0,210 0,210
Bas haut
0,210 0,210
Année b/h Var. YTD
 -  -
52 sem. b/h var. 52 sem.
- -  0,210 -%
Volume var. 1 mois
1 000 -%
Développe Molybdenum
Interactive chart Add to compare
Imprimer Comparer Exporter
Dernière mise à jour le : 11/01/2010
Vous devez être connecté pour accéder au portefeuille (gratuit)
Top Newsreleases
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$-8,00%Trend Power :
announces expected non-cash impairment
7,44 AU$+1,29%Trend Power :
Oceana Gold(Au)OGC.AX
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 CA$+4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
8,08 US$+1,64%Trend Power :
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
Reduced Funding Requirement
0,65 GBX-0,92%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,08 CA$-31,82%Trend Power :
Closes Bridge Loan Financing
1,86 CA$-1,59%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
10,07 CA$+4,57%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,24 CA$-4,00%Trend Power :
Q A April 2017 Quarterly Report
0,25 AU$+0,00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
1,93 CA$-2,53%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
48,53 US$+3,74%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
2nd Quarter Report
0,03 AU$-3,45%Trend Power :