Showing posts with label GOLD MINING NEWS COLUMBIA. Show all posts
Showing posts with label GOLD MINING NEWS COLUMBIA. Show all posts

Wednesday, October 14, 2015

Endeavour Mining Corp Released Gold Production In 2015 Third Quarter

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On October 13 in Vancouver British Columbia,  Endeavour Mining Corp. released that gold production of 124,893 ounces during the third quarter of 2015 and nine-month production of 379,802 ounces. Endeavour Mining Corporation is listed on the Toronto Stock Exchange (symbol EDV) and the Australian Securities Exchange (symbol EVR). It also trades on the OTCQX (symbol EDVMF).

For the nine-months, the Agbaou, Nzema and Youga mines are all ahead of the mid-point of their production guidance ranges. Nzema maintained its production levels despite a temporary drop in the grade of the purchased ore.

The Tabakoto mine experienced several extreme rain falls in the latter part of the quarter. This affected overall operation, in particular production from the North and South sections of the Tabakoto underground mine, reducing the grade of the material delivered to the mill and dropped production below targeted levels.

Neil Woodyer, CEO Endeavour Mining Corporation, stated

Tuesday, October 13, 2015

Millrock Enters Option to Purchase Liberty Bell Gold-Copper Project, Alaska

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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 13, 2015) - Millrock Resources Inc. (TSX VENTURE:MRO) ("Millrock") announces that it has entered into an agreement under which it has been granted the option to purchase the Liberty Bell gold-copper project located near the town of Healy, Alaska. The property is comprised of 188 claims covering 6,150 ha.





The Liberty Bell project is prospective for 

a) replacement-style gold mineralization, 
b) gold-bearing quartz veins, stockworks and shears, and 
c) intrusion hosted gold. 

The claim area is host to a small, former producing mine - the Liberty Bell Mine - which was operated by Eva Creek Mining. As reported in a U.S. Geological Survey Bulletin, production records for the Eva Creek Mining Company for 1932 and 1933 indicate that 8,400 ounces of gold were produced from 17,500 short tons of ore (Smith, P. S., 1933, Mineral Resources of Alaska in 1930: U.S. Geological Survey Bulletin 836-A, p. 1-83). In 1987 NERCO reported a resource estimate of approximately 150,000 ounces of gold in rock grading 0.08 to 0.10 ounces of gold per ton. (Freeman, L.K, Hannemann, N.L., and Flanders, R.W., 1988, Liberty Bell Joint Venture Report of 1987 Exploration: Resource Associates of Alaska Report 70p). 
Note: The resource estimate was produced prior to the institution of NI43-101 guidelines for reporting mineral resources. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves and Millrock cannot presently verify the relevance or reliability of the historical estimate. Millrock is not treating the historical estimate as current mineral resources or mineral reserves. Re-sampling and re-logging of existing drill cores and confirmatory and infill drilling from surface will be required to determine the significance of the historical resource. A qualified person has not verified the production reports or mineral resource data reported by NERCO.

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