I knew that they would try to find a way to eliminate gold prospectors .Quote from here
Quote:
Gold prospectors may one day use Petri dishes to help with their quests. A species of bacterium forms nanoscale gold nuggets to help it to grow in toxic solutions of the precious metal, reports a paper published online today in Nature Chemical Biology. Link
Anyway there are those in the business, like me, that have a gold deposit and have worked hard to define it, and we should not abandon the ship just yet. This idea is still yet a few clouds off of being real. No doubt that there is probably someone somewhere that is going to try and build a company around this new dream, and get funding with no real understanding or proof,and has will lots of advertising.
Reality is if you own the gold .. then you still own it
Showing posts with label discovery of gold. Show all posts
Showing posts with label discovery of gold. Show all posts
Wednesday, February 06, 2013
Sunday, March 21, 2010
Rice lake Area Manitoba - Gold Exploration Continues
The Rice Lake Gold Camp situated in the southeast region of Manitoba, is one of the areas that has recently witnessed the discovery of exceptional new gold deposits. These new discoveries are large in scope and are being made with a truly amazing frequency. Back in January I blogged on the gold exploration and new discoveries taking place in the Rice Lake area of Manitoba. That post was titled High Grade Gold Discoveries Continue in Manitoba.
Since that time several companies have made announcements of increased exploration work at properties located in the Rice Lake Greenstone Belt, while San Gold Corp the active gold mining company in the region has continued to advance new discoveries made on it's Bissett area properties.
On March 18th 2010 EagleRidge Minerals Ltd announced that it would commence diamond drilling on it's wholly owned Hannes project.
An Exert from the EagleRidge Press Release.
EagleRidge Minerals Begins Drill Program on the Hannes Gold Project in Southeast Manitoba
March 18th, 2010 - Pinawa, Manitoba
EagleRidge Minerals Ltd. (“ERM” or the “Company”, or “EagleRidge”) is pleased to announce that it has started a 1000 metre drilling program on the Hannnes Gold Project in the Rice Lake greenstone belt of southeast Manitoba.
The Hannes Gold Project consists of a claim package of 9403 hectares of claims in the western portion of the Rice Lake greenstone belt approximately 30 kilometres west of Bissett. The Company completed a Phase 1 exploration program during the summer of 2009 of field mapping, prospecting and geochemistry on the southern and western portion of the claim package where three gold showings were uncovered. Best gold values graded up to 6.1g/t. The field work in 2009 covered one third (1/3) of the property. The remainder of the property will be mapped and sampled during the 2010 summer exploration season. Further details are available from the Eagleridge website and from previous news releases on the Hannes Project.
A 1000 metre drill program will be carried out on the Gnomes Shear Zone and the Beaver Pond Zone. Drilling will be conducted by Bodnar Drilling of Manitoba using NQ-sized core under the direct supervision of Tim Tuba, P, Geo, (Exploration Manager, EagleRidge Minerals Ltd). Historical exploration in the region by other companies on the Gnomes Shear has traced the shear for 1200 metres with a thickness of 10-20 metres. Historically the best grades from surface channel sampling of the veins were 0.32 oz/ton Au over 3.7 metres and 0.72 oz/ton Au over 1.2 metres. The shear remains open on either direction and at depth. All past drilling was of a shallow nature. There is no record of drilling on the Beaver Pond Showing.
The purpose of this exploration program is to drill test the same structure but at a deeper depth. The greenstone belt region as a whole has benefitted from deeper drill holes which have encountered better gold mineralization at depth from that which was previously known from surface. It is expected that the drilling will be completed and results returned to the Company by the second week in April. On completion of the drill program, an independent technical report will be issued by the Company.
Happy Prospecting
Saturday, January 09, 2010
2009 the best year yet for gold companies
2009 turned out to be a great year for gold companies. Gold experienced a spectacular rise in price and financing activity was up more than 6 times that of 2008. 2008 was a dismal year in the industry.
According to RBC Capital Markets analyst Mike Curran, during 2009 there were 151 separate deals that raised over $18.6-billion for North American gold companies, that he says was the most ever raised in a 12 month period.
Mr. Curran also broke down where the money went and what it would be used for. Not surprisingly, more than two-thirds of the cash went to larger-cap gold producers ( Barrick Gold Corp. alone raised more than $5-billion to terminate its hedge book).
But the small-cap companies had plenty to smile about as well, and Mr. Curran is most interested in their financing activities. He calculated that they raised $6.36-billion in 141 deals, proving that there was plenty of money available for exploration (54% of those transactions were earmarked specifically for exploration). There were many small deals, as 58% of the transactions involved amounts less than $25-million.
But while most of the small-cap transactions were related to exploration, construction rose to the top when it came to how proceeds are used. It accounted for about 43% of that total, while exploration was 20%.
Smaller amounts were earmarked for feasibility studies, investment and acquisitions. However, the largest deals in the small-cap space involved acquisitions.
Link to story at Kelowna.com
2009 was also a great year for gold discoveries with many companies announcing news of new finds, increased resources and/or commencement of mining operations. 2009 also brought news of takeovers and acquisitions of smaller companies by the larger players.
Given the continual uneasiness in the worldwide economy and the potential for further complications, 2010 could turn out to be even better.
Happy Prospecting!
According to RBC Capital Markets analyst Mike Curran, during 2009 there were 151 separate deals that raised over $18.6-billion for North American gold companies, that he says was the most ever raised in a 12 month period.
Mr. Curran also broke down where the money went and what it would be used for. Not surprisingly, more than two-thirds of the cash went to larger-cap gold producers ( Barrick Gold Corp. alone raised more than $5-billion to terminate its hedge book).
But the small-cap companies had plenty to smile about as well, and Mr. Curran is most interested in their financing activities. He calculated that they raised $6.36-billion in 141 deals, proving that there was plenty of money available for exploration (54% of those transactions were earmarked specifically for exploration). There were many small deals, as 58% of the transactions involved amounts less than $25-million.
But while most of the small-cap transactions were related to exploration, construction rose to the top when it came to how proceeds are used. It accounted for about 43% of that total, while exploration was 20%.
Smaller amounts were earmarked for feasibility studies, investment and acquisitions. However, the largest deals in the small-cap space involved acquisitions.
Link to story at Kelowna.com
2009 was also a great year for gold discoveries with many companies announcing news of new finds, increased resources and/or commencement of mining operations. 2009 also brought news of takeovers and acquisitions of smaller companies by the larger players.
Given the continual uneasiness in the worldwide economy and the potential for further complications, 2010 could turn out to be even better.
Happy Prospecting!
Gold in Manitoba – Where to find it
The easiest way to find Gold in Manitoba is to visit a mine. But chances are that the owners will not want you poking around on their claims and they will most certainly not allow you to take away any gold – that is unless they let you buy it! None the less there is gold at the mines in Bissett, Lynn Lake, Herb Lake, Snow Lake, and in the discoveries near Red Sucker, Beresford and Island Lakes and at other locations. Gold that has been found by prospecting, plenty of work and in most cases has cost considerable sums of money to explore in detail and develop.
Although you cannot take gold from a known claim or mine, you can still learn something about how to find some of your own by studying how others have found gold and using what you have learned when you go prospecting.
If you are determined to prospect for gold, then the best place to start is by reading. There are publicly available Mineral Occurrence Files, geological and geochemistry information, past mineral claim work assessment files, company press releases, publicly available files on geophysical surveys and a host of other data available that you can become familiar with to use in guiding your activities. You also need to obtain a prospecting license, without it no claims for you.
Finding a minable gold deposit is not easy, while there is good information to help guide you, there are no sign posts that say dig here! Your success is going to be measured by your work effort and by your savvy, no work no zeal no gold.
In the most productive Gold areas of the province you will have to go out in the bush and stake a claim on ground not already claimed, and you do so by physically erecting marker posts and making a boundary through the bush, across bogs and swamp and over rock outcrops. That’s how you get a mineral claim in those areas. Important: Do not try and stake one where there is already a claim, that don’t work and no one is going to allow you to stake ground they have in good standing, thus before you start staking do your homework and find out if the area is already claimed or not.
Once you have a registered claim you have to do work on it and start looking for gold or other minerals. Just because you have a mineral claim does not mean you are rich nor those it mean your claim is good for anything other than a pasture for moose. You need to go out there, use your knowledge or that of someone experienced that you hire, and prospect the claim. Look for something good and perhaps find it.
Most, if not all Gold recovered in Manitoba, is not of the variety that you can obtain from panning in a stream. In Manitoba you are in hard rock country, meaning anything mined to date on a significant scale was found in rock and not as nuggets, dust or flour gold mixed into stream or bench sands. Gold in the province is typically of a lode type found in veins or as by-product in base metal deposits.
Your best chances of finding Gold anywhere is being able to obtain a claim next to a past mine or a recent gold discovery. Obtaining a claim in such an area is no easy task, because normally the surrounding land is well staked and claimed by others.
You could if your funds permit and after careful study and advice, explore for gold where no one else is working. This you can do as a hobby and providing you know your geology, you can prospect without staking a claim until you find something of value. After testing then stake a claim.
Prospecting means among other things, taking samples and having the same assayed to determine if the rock holds anything of value. Plain old rocks to a prospector are a pain in the behind; rocks that have demonstrated content of some mineral are an entirely different matter. The prospector loves ore grade (good mineral content) in his/her rocks, however most rocks do not favor the prospector. Finding good gold showings is not a common occurrence.
Yet it has been and is still being done. Chance favors the prepared mind and hard work can pay off. Remember if it was easy everyone would be doing it and gold could be worth a lot less.
Happy prospecting!
Manitoba gold properties available for sale or option. Located in the Rice Lake Gold Belt!
Although you cannot take gold from a known claim or mine, you can still learn something about how to find some of your own by studying how others have found gold and using what you have learned when you go prospecting.
If you are determined to prospect for gold, then the best place to start is by reading. There are publicly available Mineral Occurrence Files, geological and geochemistry information, past mineral claim work assessment files, company press releases, publicly available files on geophysical surveys and a host of other data available that you can become familiar with to use in guiding your activities. You also need to obtain a prospecting license, without it no claims for you.
Finding a minable gold deposit is not easy, while there is good information to help guide you, there are no sign posts that say dig here! Your success is going to be measured by your work effort and by your savvy, no work no zeal no gold.
In the most productive Gold areas of the province you will have to go out in the bush and stake a claim on ground not already claimed, and you do so by physically erecting marker posts and making a boundary through the bush, across bogs and swamp and over rock outcrops. That’s how you get a mineral claim in those areas. Important: Do not try and stake one where there is already a claim, that don’t work and no one is going to allow you to stake ground they have in good standing, thus before you start staking do your homework and find out if the area is already claimed or not.
Once you have a registered claim you have to do work on it and start looking for gold or other minerals. Just because you have a mineral claim does not mean you are rich nor those it mean your claim is good for anything other than a pasture for moose. You need to go out there, use your knowledge or that of someone experienced that you hire, and prospect the claim. Look for something good and perhaps find it.
Most, if not all Gold recovered in Manitoba, is not of the variety that you can obtain from panning in a stream. In Manitoba you are in hard rock country, meaning anything mined to date on a significant scale was found in rock and not as nuggets, dust or flour gold mixed into stream or bench sands. Gold in the province is typically of a lode type found in veins or as by-product in base metal deposits.
Your best chances of finding Gold anywhere is being able to obtain a claim next to a past mine or a recent gold discovery. Obtaining a claim in such an area is no easy task, because normally the surrounding land is well staked and claimed by others.
You could if your funds permit and after careful study and advice, explore for gold where no one else is working. This you can do as a hobby and providing you know your geology, you can prospect without staking a claim until you find something of value. After testing then stake a claim.
Prospecting means among other things, taking samples and having the same assayed to determine if the rock holds anything of value. Plain old rocks to a prospector are a pain in the behind; rocks that have demonstrated content of some mineral are an entirely different matter. The prospector loves ore grade (good mineral content) in his/her rocks, however most rocks do not favor the prospector. Finding good gold showings is not a common occurrence.
Yet it has been and is still being done. Chance favors the prepared mind and hard work can pay off. Remember if it was easy everyone would be doing it and gold could be worth a lot less.
Happy prospecting!
Manitoba gold properties available for sale or option. Located in the Rice Lake Gold Belt!
Thursday, September 24, 2009
They are going gold prospecting in record numbers
The courier.com.au is running a story today with the title “New Gold Fortune Hunt Is On”.
This gold rush is taking place about 158 years after the first would be prospectors rushed in masses to the Ballarat's goldfields. Similar to the American and Canadian gold rushes of old, it was the appeal and the potential payoff that caused people for all walks of life to take a gamble for gold in Ballarat's goldfields.
Today with gold hovering around $1000 usd per once the number of prospectors heading to the region to try their luck has reached a high. It seems that the gold pan is being replaced by high tech metal detectors, some costing over $6,000 each, but the appeal of finding a few ounces or more still remains the same.
Ballarat's Mining Exchange Gold Shop owner Cordell Kent said the number of prospectors heading to the region to try their luck has reached a high.
"We are seeing prospectors on a daily basis," he said.
"A lot of local people are out prospecting but we are also seeing people outside the Ballarat region heading up into our gold fields."
"You could say we are 158 years into a continuous gold rush. It spikes quite often but there's always more interest when the price is up."
Mr Kent said though it required patience, gold prospecting could provide a lucrative pastime.
"We are blessed in Victoria with a lot of Crown land that has historic gold fields on them, so there's still a lot of surface gold to be found.
"We have had people who have found quite substantial dollar amounts of gold," he said.
$1,000 dollar gold is generating renewed interest in serious gold mining and exploration efforts around the world, from big name companies, so there is little wonder why both experienced and novice prospectors are trying their hand at finding some of the wonder metal.
The media continues to bring word of similar renewed prospecting activity in California, Nevada, the Yukon, Alaska and other goldfields in different parts of the world. It seems that Gold hasn’t lost its luster or its appeal, now with the rise in value; the metal is becoming sexier to more people.
South Australia-based Minelab Metal Detectors regional general manager Ian Aitken said the reinvigorated gold rush had contributed to a six- to eight-week delay in prospectors getting metal detectors, which cost $6150.
"It has been extraordinary, right through this year there has been high demand," he said.
"Once it (gold) kicked over the $1000 mark and kept going upwards, we experienced quite a high demand.
Like Mr Kent, Mr Aitken said once equipped, prospectors could gain substantial wealth.
"A lot of prospectors go to Western Australia for the winter and return for the summer," he said.
"There are a huge number of keen hobbyists, who can come home with five ounces of gold for their trouble."
The reliance upon and demand for gold detectors is interesting. We have to avoid thinking that they are a magic wand to riches. A good detector can help you find it, but it is usually also going to take hard work, sweat, a shovel and a gold pan or some other mechanical means for you to get the good pay dirt out of the ground, so that needs to be accounted for, when one heads for the gold.
The way I have this figured, for equipment, the grubstake and time it’s probably fair to say that one needs to count on a decent prospecting setup as being a $10,000 or more investment, if you are serious about going into the wilds (that have gold) and providing you have the time for 30 days a trip. Then getting 5 or more ounces a trip would not be too bad even better if it were 3 or 4 times a year.
Finding 5 ounces in a few days isn’t what normally happens; you just can’t walk along and pick the stuff up, so if you desire a good amount of ounces be prepared for more than a few days and be equipped, but above all go where gold is known to occur.
This is where the rubber hits the road, as they say; the allure of near immediate riches does stimulate us into action; however that often wears off and sometimes quickly. It is the willingness to “stick with it and work it” that has always paid the highest rewards.
Yet going out for a few days and getting some gold dust or nuggets for your troubles is a great hobby and a memory builder, and that can be very valuable.
Link to story referenced.
As always happy prospecting!
This gold rush is taking place about 158 years after the first would be prospectors rushed in masses to the Ballarat's goldfields. Similar to the American and Canadian gold rushes of old, it was the appeal and the potential payoff that caused people for all walks of life to take a gamble for gold in Ballarat's goldfields.
Today with gold hovering around $1000 usd per once the number of prospectors heading to the region to try their luck has reached a high. It seems that the gold pan is being replaced by high tech metal detectors, some costing over $6,000 each, but the appeal of finding a few ounces or more still remains the same.
Ballarat's Mining Exchange Gold Shop owner Cordell Kent said the number of prospectors heading to the region to try their luck has reached a high.
"We are seeing prospectors on a daily basis," he said.
"A lot of local people are out prospecting but we are also seeing people outside the Ballarat region heading up into our gold fields."
"You could say we are 158 years into a continuous gold rush. It spikes quite often but there's always more interest when the price is up."
Mr Kent said though it required patience, gold prospecting could provide a lucrative pastime.
"We are blessed in Victoria with a lot of Crown land that has historic gold fields on them, so there's still a lot of surface gold to be found.
"We have had people who have found quite substantial dollar amounts of gold," he said.
$1,000 dollar gold is generating renewed interest in serious gold mining and exploration efforts around the world, from big name companies, so there is little wonder why both experienced and novice prospectors are trying their hand at finding some of the wonder metal.
The media continues to bring word of similar renewed prospecting activity in California, Nevada, the Yukon, Alaska and other goldfields in different parts of the world. It seems that Gold hasn’t lost its luster or its appeal, now with the rise in value; the metal is becoming sexier to more people.
South Australia-based Minelab Metal Detectors regional general manager Ian Aitken said the reinvigorated gold rush had contributed to a six- to eight-week delay in prospectors getting metal detectors, which cost $6150.
"It has been extraordinary, right through this year there has been high demand," he said.
"Once it (gold) kicked over the $1000 mark and kept going upwards, we experienced quite a high demand.
Like Mr Kent, Mr Aitken said once equipped, prospectors could gain substantial wealth.
"A lot of prospectors go to Western Australia for the winter and return for the summer," he said.
"There are a huge number of keen hobbyists, who can come home with five ounces of gold for their trouble."
The reliance upon and demand for gold detectors is interesting. We have to avoid thinking that they are a magic wand to riches. A good detector can help you find it, but it is usually also going to take hard work, sweat, a shovel and a gold pan or some other mechanical means for you to get the good pay dirt out of the ground, so that needs to be accounted for, when one heads for the gold.
The way I have this figured, for equipment, the grubstake and time it’s probably fair to say that one needs to count on a decent prospecting setup as being a $10,000 or more investment, if you are serious about going into the wilds (that have gold) and providing you have the time for 30 days a trip. Then getting 5 or more ounces a trip would not be too bad even better if it were 3 or 4 times a year.
Finding 5 ounces in a few days isn’t what normally happens; you just can’t walk along and pick the stuff up, so if you desire a good amount of ounces be prepared for more than a few days and be equipped, but above all go where gold is known to occur.
This is where the rubber hits the road, as they say; the allure of near immediate riches does stimulate us into action; however that often wears off and sometimes quickly. It is the willingness to “stick with it and work it” that has always paid the highest rewards.
Yet going out for a few days and getting some gold dust or nuggets for your troubles is a great hobby and a memory builder, and that can be very valuable.
Link to story referenced.
As always happy prospecting!
Wednesday, September 02, 2009
Gold Prospecting reaps rewards
I seldom get to comment on what being a prospector means to me personally. Today is one of those very few times. Yesterday I had the pleasure of signing a deal with an exploration company that will provide me the prospector with assurances of a good deal on property held by a company I helped form. This is an example of what we look forward to as prospectors, when we find the good areas and get them explored by hard work or as in this case hard work and an option to explore by another company.
It sometimes takes a deal of this caliber to show the value of prospectors and it often also takes the means available of a better healed company in order to get the work done. Here is the press release announcing our deal.
EagleRidge Minerals has now positioned itself as a major land owner in the Rice Lake Gold Belt of Manitoba
EagleRidge Minerals Options Freeman and Bolger Claims in the Rice Lake Greenstone Belt of Southeast Manitoba
September 1, 2009 - Pinawa, Manitoba
EagleRidge Minerals Ltd. (“ERM” or the “Company”) is pleased to announce that it has finalized an option agreement with Central Consolidated Resources (“CCR”) for two claim groups in the Rice Lake greenstone belt of southeast Manitoba.
The Freeman and Bolger mineral claims are located near Bissett, Manitoba. The mineral claims consist of the seven (7) contiguous Freeman claims covering an area of 1707 hectares. These claims are located 1,500 metres to the northeast of the present San Gold Corporation mineral lease. The five (5) Bolger claims cover 468 hectares and are located 13 kilometres to the west-southwest of the San Gold mining operations. Both claim groups are in very active areas for gold exploration.
The agreement allows ERM the right to acquire 100% of the properties by completing $520,000 in exploration over the next two years and by providing CCR with $200,000 and 700,000 shares over the same time period. CCR will retain a 3% net smelter royalty and an area of interest royalty. ERM has the option to purchase half of the CCR royalty for $1,500,000.
At present ERM holds or has optioned a total of 18,000 hectares of mineral claims in the Rice Lake greenstone belt. This ground holds potential for new gold showings in light of the recent gold discoveries being made by San Gold and the exploration activities by other companies in the region. The addition of the Freeman-Bolger claims has strengthened ERM’s land holdings in belt.
Prospecting and geological exploration teams will soon be deployed on the new claims.
Carey Galeschuk, P.Geo, ERM President and COO, is the qualified person under the definition of NI 43-101 for these projects.
About EagleRidge Minerals Ltd.
ERM is presently a privately traded company. The Company is focused on gold and base metal mineral exploration in the provinces of Manitoba and Newfoundland and Labrador. The company operates exploration office in both Manitoba and Newfoundland and Labrador.
It sometimes takes a deal of this caliber to show the value of prospectors and it often also takes the means available of a better healed company in order to get the work done. Here is the press release announcing our deal.
EagleRidge Minerals has now positioned itself as a major land owner in the Rice Lake Gold Belt of Manitoba
EagleRidge Minerals Options Freeman and Bolger Claims in the Rice Lake Greenstone Belt of Southeast Manitoba
September 1, 2009 - Pinawa, Manitoba
EagleRidge Minerals Ltd. (“ERM” or the “Company”) is pleased to announce that it has finalized an option agreement with Central Consolidated Resources (“CCR”) for two claim groups in the Rice Lake greenstone belt of southeast Manitoba.
The Freeman and Bolger mineral claims are located near Bissett, Manitoba. The mineral claims consist of the seven (7) contiguous Freeman claims covering an area of 1707 hectares. These claims are located 1,500 metres to the northeast of the present San Gold Corporation mineral lease. The five (5) Bolger claims cover 468 hectares and are located 13 kilometres to the west-southwest of the San Gold mining operations. Both claim groups are in very active areas for gold exploration.
The agreement allows ERM the right to acquire 100% of the properties by completing $520,000 in exploration over the next two years and by providing CCR with $200,000 and 700,000 shares over the same time period. CCR will retain a 3% net smelter royalty and an area of interest royalty. ERM has the option to purchase half of the CCR royalty for $1,500,000.
At present ERM holds or has optioned a total of 18,000 hectares of mineral claims in the Rice Lake greenstone belt. This ground holds potential for new gold showings in light of the recent gold discoveries being made by San Gold and the exploration activities by other companies in the region. The addition of the Freeman-Bolger claims has strengthened ERM’s land holdings in belt.
Prospecting and geological exploration teams will soon be deployed on the new claims.
Carey Galeschuk, P.Geo, ERM President and COO, is the qualified person under the definition of NI 43-101 for these projects.
About EagleRidge Minerals Ltd.
ERM is presently a privately traded company. The Company is focused on gold and base metal mineral exploration in the provinces of Manitoba and Newfoundland and Labrador. The company operates exploration office in both Manitoba and Newfoundland and Labrador.
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