Gmail Calendar Documents Reader Web more »
Help | Sign in
Go to Google Groups Home
  
Discussions for Barrick Gold Corp. (USA) View all discussions

  barrick gold and avion gold
Only 1 message in discussion  - 
Reporting discussion
Messages reported
The group you are posting to is a Usenet group. Messages posted to this group will make your email address visible to anyone on the Internet.
Your reply message has not been sent.
Your post was successful
 
From:
To:
Cc:
Followup To:
Add Cc | Add Followup-to | Edit Subject
Subject:
Validation:
For verification purposes please type the characters you see in the picture below or the numbers you hear by clicking the accessibility icon. Listen and type the numbers you hear
 
kingscorpion  
View profile  
 More options Aug 17 2009, 4:27 pm
From: kingscorpion <msennaro...@hotmail.com>
Date: Mon, 17 Aug 2009 13:27:38 -0700 (PDT)
Local: Mon, Aug 17 2009 4:27 pm
Subject: barrick gold and avion gold
well we all know barrick gold will double from here in a year and a
half but once you make your 100% where do you wanna put your money to
work for ya. Heres a junior company Avion gold(AVR) already mining
gold at a rate of 55000 ounces of gold /year and is studying ways to
enhance production up to 200000 ounces of gold Currently trading at .
29c to .31c This one has the potential to go up another 1000% to
around $3.00 They just released news about their drill program which
looks awesome and shows a potential to become one hell of a player in
the gold market Conoccord Adams analyst has a target price at .70c and
said he will reevaluate it as the company comes up with good results
Heres the latest news just released a few hours ago

TORONTO, ONTARIO -- (Marketwire) -- 08/17/09 -- Avion Gold Corporation
("Avion Gold" or "the Company") (TSX VENTURE: AVR), today announced
the results of channel samples in the Tabakoto Pit and for the third
and fourth of five holes drilled to test the Segala Main zone at depth
in support of the planning for underground development of the Segala
Deposit (see figure).

Tabakoto Channel Samples:

The two channel samples were collected from a 300+ metre long,
northeast-trending, mineralized fracture in the southwest corner of
the Tabakoto pit from the centre of the pit base access road and from
the pit wall. The two channel samples are 13.0 metres apart,
horizontally. The pit wall sample, which returned 108.68 g/t Au (18.24
g/t Au capped at 37.5 g/t Au) over 2.0 metres true thickness,
comprised five samples ranging in grade from 7.32 g/t Au over 1.0
metres to 377.5 g/t Au over 0.25 metres. The channel sample from the
pit access road returned 25.15 g/t Au (23.47 g/t Au capped) over 2.3
metres (true thickness). These results indicate an area of surface
accessible, exceptional grades that will be further delineated through
a focused drill program and modeling.

Segala Drill Holes:

Hole S-09-03A intersected 2.32 g/t Au (2.24 g/t Au capped) over 32.15
metres core length (approximately 20.0 metres true width)
approximately 310 metres from surface (see figure); this intercept
includes a higher grade core that returned 8.19 g/t Au (7.70 g/t Au
capped) over 5.25 m core length (3.3 metres true width). Hole S-09-04,
located 62.0 metres to the east, returned 3.89 g/t Au (3.07 capped)
over 49.3 metres core length (approximately 27.0 metres true width)
approximately 338 metres below surface; this intercept includes 5.00 g/
t Au (4.09 g/t capped) over 10.2 metres core length (5.6 metres true
width), 11.30 g/t Au (7.60 g/t Au capped) over 7.9 metres core length
(4.4 metres true width) and 4.65 g/t Au over 5.7 metres core length
(3.2 metres true width). Both holes tested an area of the Segala Main
Deposit that, from a resource study announced on December 12, 2008,
contains an inferred mineral resource. Both of these holes extend the
higher grade mineralization to depth where the ore resource model had
indicated, similar to slightly higher grades. These two holes were
drilled at approximately the same vertical elevation as previous
released holes S-09-01 and S-09-02, which returned 3.62 g/t Au over
26.9 metres core length and 5.37 g/t Au over 20.89 core length,
respectively (Avion news release July 9th, 2009). Assay results for
drill hole S-09-05, which tested the Segala Main zone below all
previous drilling at more than 500 metres from the surface, are still
pending.

Avion's exploration program is progressing with two core drills and
one RC drill. To the end of June approximately 11,000 metres of
drilling in 55 holes have been completed. A minimum of 15,000 metres
of core drilling is planned. The drill program is designed to both
increase the confidence in existing resources and to discover new
mineralized zones. The drill program to date has tested targets at the
Segala Main (10 holes), Dar Salam (14 holes), Moralia (9 holes), NE
Orpailleur (2 holes), Fougala (9 holes), Diolafoundou (3 holes) and to
a lesser extent Tabakoto zones (6 holes). The next series of holes
will further test the Segala and Tabakoto areas. Results are pending
for the non-Segala Main holes, which were prioritized.

"The Tabakoto and Segala properties continue to deliver. The high
grade results from the Tabakoto pit may provide additional mill feed
for Avion in 2009, and good grades over mineable widths continue to be
intersected at Segala Main at depth. Such results indicate that Avion
should, with confidence, be able to extend the project mine life
beyond the initial four years announced in December, 2008" commented
John Begeman, President and CEO.

Studies to support a capacity upgrade to 200,000 ounces per year are
in progress with grinding studies, preliminary mill expansion and open
pit versus underground mining studies underway. This work is being
completed by both consultants and company staff and is expected to be
completed before year-end. Avion's current Measured and Indicated
Mineral Resource is 1.21 million ounces of gold grading 3.48 g/t Au.
In addition, Avion's Inferred Mineral Resource is 1.14 million ounces
of gold grading 3.50 g/t Au (Avion, May 19, 2009 news release).


    Forward  
You must Sign in before you can post messages.
To post a message you must first join this group.
Please update your nickname on the subscription settings page before posting.
You do not have the permission required to post.

End of messages  

« Newer discussion  -  BUY OPC ( BLACK GOLD) INSTED OF YELLOW GOLD   The Track Record  -  Older discussion »




Google Home - Terms of Service - Privacy Policy

©2010 Google