Explor to Begin New Diamond Drilling Program on Eastford Lake Property
Explored Resources Inc. welcomes the start of a 2700 meters drilling program on the Eastford Lake Gold Property, program that will focus on gold with intersecting shear zones that are intersected by a major fault structure announcing that trend in a northerly and easterly direction through the Lynx Gold Zone.
The main vein of the Lynx Gold Zone contains visible gold and it seems right to strike in a north-north-westerly direction and steeply dipping to the south southwest. The property is located in Kerr, Warden, Milligan Townships and the Rayner Lake area, south-west of Lake Abitibi, Ontario, 90 km east of the Timmins-Porcupine gold mining camp. The Eastford Lake Property consists of 170 contiguous unpatented mining units for a total of 3100 hectares.
A recent study done by Robert Tremblay of Val-d’Or aimed at identifying structural features and their correlation with gold mineralization. As a result of this investigation, the original interpretative geological map of the gold-bearing zone was developed. The drilling program is based on the positive results obtained in this study. The program is designated to the strike of high-grade mineralization that was found in Hole # 7 fixed. Read more
NAL Oil & Gas Trust Announces June Distribution and Attendance at the 2010 CAPP Oil & Gas Investment Symposium
NAL Oil & Gas Trust (the “Trust” or “NAL”) (TSX: NAE.UN) pays a payment of $ 0.09 per unit on 07/15/2010, to unitholders of record on 22.06.2010. The units will begin trading on an ex-distribution basis on June 18, 2010.
The current monthly distribution annualized is $ 1.08 per unit, representing a 9.9% cash-on-cash return based on the 07/06/2010 closing unit price of $ 10.95.
NAL the board determines the allocation levels taking account of commodity prices, the Trust’s cash position, financial market conditions, availability of financing, internal capital investment opportunities and load.
NAL is also pleased to announce that Mr. Andrew Wiswell, President & CEO will make a presentation at the Canadian Association of Petroleum Producers annual Investment Symposium on Monday, 14/06/2010 at 9:15 MDT. Investors are invited to a live webcast of this presentation at: http://gowebcasting.com/c1536 watch. Read more
India Hunting to Get Coal Mine Resources in Australian Coal Mines
St. Eugene Mining Corporation Ltd. announces that a $1.1 million drilling and exploration campaign is underway at the Amisk Gold Project, Saskatchewan, which includes 2,300 meters of diamond drilling (completed; assays pending) in an effort to expand the existing Amisk-Laural Gold Deposit, and to evaluate the bulk mining potential of the system.
The Amisk Gold Project is host to the advanced Amisk-Laurel Gold Deposit. It has never been evaluated from a bulk perspective, and it is among the largest land positions in the prolific Flin Flon mineral district (approx. 12,000 hectares located 20 kilometres from Flin Flon, MB). Read more
Goldsource Drills 126.5 Metre Coal Zone Intercept, Completes Winter Program
Goldsource Mines Inc. is pleased to report that it has completed drilling 27 core holes for the winter 2009-10 exploration program at its wholly-owned Border Project (”Border”) located near Hudson Bay, Saskatchewan, Canada which encountered several thick coal zones including 126.5 metres in the Niska 107 deposit. Drilling to date has discovered 17 coal deposits at Border with good potential for additional coal discoveries (see attached map: http://media3.marketwire.com/docs/gs.jpg). The winter program also included 5 drill holes on the Ballantyne property as well as 8 holes on the Company’s quarry claims in Manitoba.
Current coal resources at Border, as established in the Company’s NI 43-101 “Technical Report on the Border Coal Property, Resource Estimation” prepared by Moose Mountain Technical Services dated December 24, 2009 and available at www.sedar.com, include: Read more
Explor Resources Announce Annual General Meeting
Explor Resources Inc. is pleased to announce that at the Annual General Meeting held on October 26, 2009 the following directors were elected: Christian Dupont, of Janeville New Brunswick, Geoff Carter, of Toronto, Ontario, Mario Colantonio of Porcupine, Ontario and Jacques Frigon, of Amos, Quebec.
The accounting firm of Dallaire & Lapointe Inc. were re-appointed as auditors. The shareholders have also approved the continuation of the Company’s stock option plan. Read more
North American Gem Inc. Closes Private Placement and Grants Incentive Stock Options
North American Gem Inc. would also like to announce that pursuant to its stock option plan, the Company has granted incentive stock options to its directors, officers, consultants, and employees to purchase in the total of 600,000 common shares in the capital stock of the company, subject to regulatory approval, exercisable for a period of five years, at a price of $0.10 cents per share.The Company’s primary goal is to explore for Coal in North America, currently the focus is in Kentucky, Saskatchewan, and West Virginia. In addition to Coal exploration, the Company also has interests in Uranium, Copper, Gold, Molybdenum and other base metals in Canada. Read more
