In each new edition of The Drill Rig, we will briefly discuss public companies that are just beginning new exploration and development drilling programs to discover gold.
Why is this important to you as an investor?
Well, let me put it to you this way...and in no way am I exaggerating when I say this: There are literally fortunes being made everyday after tiny, unknown public mineral companies discover gold as well as other precious and base metals including silver, copper, uranium, nickel, zinc, molybdenum, and anything else they can find and profit from in between.
We all remember the Aurelian story...
In April 2006, shares of Aurelian Resources soared over 240% from C$0.89 to C$3.00 overnight after the company drilled an incredibly gold-rich exploration hole. Aurelian's stock eventually skyrocketed to $43.00 after the company reported even more amazing drill results.
This type of "overnight skyrocketing stock" story actually happens more frequently than you might think. But of course there's a catch: To enjoy these kinds of historic gains you have to know the companies that are exploring for gold before they find it. And that's exactly why we're starting to publish The Drill Rig.
As I just mentioned, in each issue of The Drill Rig we're going to give you a quick overview of the publicly-trading mineral companies that have recently announced plans to begin new drill programs to explore for and discover gold.
And that's just half of what we've got planned for The Drill Rig!
Every issue of The Drill Rig will also outline five of the most impressive drill results just being reported. Often, stocks of exploring gold continue to rise as the company reports more and more positive drill results, adding value to their properties.
We're very excited to bring you this new free service. So without further ado, please let me introduce you to the new Drill Rig.
Superior Diamonds Inc. (TSX-V: SUP) has initiated its winter diamond drill program on the Ti-pa-haa-kaa-ning gold project in northwestern Ontario. The drill program will test targets to build on geological data derived from the previous exploration campaign. Two drills have been contracted to complete 30 to 40 holes totaling 6,000 to 8,000 meters. Drilling is expected to be complete early in the second quarter. Superior also has four diamond properties and a uranium property in Canada.
J-Pacific Gold Inc. (TSX-V: JPN) has commenced a 12,000-meter core drilling program at its Montgolfier Project in northwestern Quebec. The new program, consisting of an initial 18 holes, is designed to test the extensions of gold mineralization encountered during the 2007 program. The 2008 program will focus on three main target areas. Six holes are planned to test the extensions of hole JPN07-06, which recovered 1.44g/t Au over 12.0 meters. Ten holes will also test the extensions of gold mineralization intersected in hole JPN07-17, which recovered 10.42 g/t Au over 1.0 meter, and hole JPN07-21, which recovered 6.44 g/t Au over 3.2 meters.
Acrex Ventures Ltd. (TSX-V: AKV, OTC BB: AXVEF) and Moneta Porcupine Mines Inc. (TSX: ME, Frankfurt: MOP) has begun a winter drilling program on their 50/50 joint ventured Michaud Gold Property in Ontario. A minimum of 2000 meters of diamond drilling has been allocated during the program. Previous drilling on the property returned notable intersections including 2.76 g/t Au over 4.30 meters within 11.50 meter of 5.86 g/t Au (MA-04-25) and 4.81 g/t Au over 12.0 meters within 7.54 g/t Au over 6.50 meters (MA-02-06). More recently hole MA-05-30 returned an intercept of 8.99 g/t Au over 4.50 meters within a 7.40 meter alteration zone averaging 5.81 g/t gold.
Greystar Resources Ltd. (TSX: GSL, AIM: GSL) said that it is mobilizing a diamond drill in northern part of the Las Animas gold/silver targets, near its wholly owned Angostura gold/silver resource in northeastern Colombia, which contains a measured and indicated gold resource of 10,152,000 ounces plus another 3,430,000 ounce of inferred gold resources calculated in December 2007. The company also said there are currently nine drills working on advancing the Angostura deposit in addition to one drill being set up at Las Animas.
Anglo Swiss Resources Inc. (TSX-V: ASW, OTC BB: ASWRF, Berlin: AMO) has finalized a 10,000-meter diamond drilling contract for the 2008 exploration program at the Kenville Gold Mine property in British Columbia. The first phase of drilling was recently completed on the Kenville property consisting of 5 drill holes and totaling 1,365 meters of drilling. The company recently report drill results from this phase one program. You can see the results here. The new drilling program is to be carried out immediately adjacent to the historic Kenville Gold Mine, which produced 65,236 ounces of gold and 27,686 ounces of silver from 158,212 tonnes (174,398 tons) of milled ore. The statistical production grade for gold from the Kenville Gold Mine is 11.15 g/t of gold. The high-grade gold-quartz Eagle vein system was discovered in two holes of the 1995 drill program. The Eagle vein was intercepted in holle TK95-05 and assayed 82.15 g/t gold and 34.1 g/t silver across 0.26 meters. The planned 10,000-meter diamond drill program is said to be enough to test the Kenville property throughout its entirety. Estimating an average hole depth of 200 meters per hole, the drill program will allow for the drilling of at least 50 drill holes, providing a comprehensive evaluation of the Kenville copper/gold target. The start-up date for the 2008 drilling program is expected on or before May 1, 2008.
Redstar Gold Corp. (TSX-V: RGC) announced the start up of a phase two drill program on the company's North Bullfrog project. The North Bullfrog project is located in southwestern Nevada and is a joint venture with International Tower Hill Mines Ltd. (TSX-V: ITH ), in which ITH can earn up to a 70% interest in the project under terms announced in March, 2007. The total program slated for at least 4,500 meters of reverse circulation drilling. The Mayflower Mine was active intermittently from 1905 until about 1941, with at least 1,070 meters of workings to a depth of at least 160 meters, but historic production records are lacking. Recent sampling by Redstar of quartz veins in outcrop and from mine dumps has returned assays to 40.300 g/t gold, with unveined silicified wallrock yielding 9.41 g/t. High-grade samples contain fine-grained visible gold. Previous drilling at Mayflower (prior to 1997) intersected significant mineralization within 200 meters of surface including 6.89 g/t Au over 12.19 meters and 3.43 g/t Au over 25.91 meters.
Esperanza Silver Corp. (TSX.V: EPZ)
Cerro Jumil Project, Mexico
| Drilhole ID Number | Intersection | Gold Grade | Comments |
| RCHE-07-55 | 85.5 meters | 1.17 g/t | low gold grade but a nice wide intersection |
| RCHE-07-57 | 48 meters | 1.16 g/t | n/a |
| RCHE-07-57 | 55.5 meters | 1.71 g/t | n/a |
| RCHE-07-60 | 85.5 meters | 1.05 g/t | very nice wide intersection |
Patagonia Gold Plc (AIM: PDG)
Capoeste, Argentina
| Drilhole ID Number | Intersection | Gold Grade | Comments |
| CO-16-D | 13.45 meters | 11.93 g/t | 388.76 g/t silver was also recovered, outstanding gold grades |
| including | 5.05 meters | 30.47 g/t | 1,101.36 g/t silver was also recovered |
| including | 1.20 meters | 94.28 g/t | 3,410 f/t silver was also recovered |
Andean Resources (ASX: AND, TSX: AND)
Cerro Negro Project, Argentina
| Drilhole ID Number | Intersection | Gold Grade | Comments |
| ERC-764 | 18 meters | 67.7 g/t | 1,207 g/t silver was also recovered; nice intersection, great gold grades |
| EDD-765 | 17 meters | 37.7 g/t | 1,041 g/t silver was also recovered |
Rainy River Resources Ltd. (TSX-V: RR)
433 Zone, Canada
| Drilhole ID Number | Intersection | Gold Grade | Comments |
| NR07-212 | 51.0 meters | 3.78 g/t | great intersection, high gold grades |
| including | 15.0 meters | 11.37 g/t | n/a |
| including | 5.3 meters | 30.39 g/t | n/a |
La Mancha Resources Inc. (TSX: LMA)
Frog's Leg Project, Australia
| Drilhole ID Number | Intersection | Gold Grade | Comments |
| MEDD134 | 62 meters | 5.58 g/t | great intersection, high grades |
| MEDD128 | 1 meter | 117.16 g/t | highest grade gold intersection of the week |
| MEDD124 | 18 meters | 5.49 g/t | n/a |
| MEDD127 | 7 meters | 9.83 g/t | n/a |
| MEDD127 | 4 meters | 37.72 g/t | n/a |
| MEDD131 | 5 meters | 14.49 g/t | n/a |
Did we miss a new exploration program or set of drill results that you think are noteworthy? Tell us by making a comment below.
just about 2 days after xmas, I read on Kitco, way down on the bottom, that A ' mother Load " of gold made have been found by a producing mining co in Australia . The mine had been flooded + closed 2 decades ago . The geologist said in his drilling report that in 2 decades of work he had never seen this much gold with the naked eye. They are doing lots of follow-up drilling right now , if this confirms what they believe lies underneath , This could be the biggest find in decades ! Linda F ticker = brcsf
I think the TSX-GQM is a very good investment. when it opens the gold price at above $900.00 is great. Why does the price seem so low on the TSX-GQM That mine is 6-9 Month away from opening and the Stock price is real low. Why? If I had a great deal of money I would buy all the GQM STOCK and hold on till the gold Bars are poured then Sell fo major money. Is that right or am I missing the MARK.That is
GOLDEN QUEEN MINE , MOJAVE CA. ON TSX.
the drill results of Jan. 22/2008 by GLR Resources at the their mine develoment project in northern Saskatchewan.The tonnage has doubled.
You may examine the possibility of including KING's BAY GOLD CORPORATION (symbol KBG-TSX-V) in any of your future such a report. I'm a very petty shareholder of this company. I am a senior citizen,aged 76, an arthritis patient (severe knees arthritis).
All the best,
Eric
Drilling to commense on 6 of the 11 precious and base metals properties.Time lines and Targets for Drill/Exploration programs:
Chloride Project located in Arizona.It is 3km.from Mercator Minerals(ML)Mineral Park copper operation which is producing 8 million lbs. of copper per year.Drilling:March 2008 Target:Gold/Silver
Arcadia:Located in Nunavut Territory west of Bathurst inlet
and 140 km.west of Miramar Mining's Hope Bay greenstone belt.Drilling:Summer of 2008
Goal of proving up and expanding on the approximately 150,000 oz/au in ground (non-compliant 43-101)
50% joint-ventured to Bolero Resources Corp.
Target:Gold
Divide Project located near Nome Alaska approximately 20 miles from NovaGolds Rock Creek deposit.
Drilling:Summer of 2008
50% joint venture to Millrock Resources Corp.
Target:Gold
Kuy & Fog Alaska located in the vicinity of Northern Dynastys Pebble porphyry copper gold discovery in the lliamna Lake area
400 km.southwest of Anchorage.With a resource estimate of 26.5 million oz.Au and 16.5 billion lbs. of Cu valued at $28 billion,Pebble ranks as the largest gold deposit and second largest copper deposit in North America.Fog: is another copper gold target in the lliamna Lake area.
Drilling:Summer of 2008
Joint venture with Bristol Bay Native Corporation.
Target:Copper/Gold
Kamishak Alaska 440 km.southwest of Anchorage also in the lliamna Lake area.
Drilling: Summer of 2008
Target:Gold/Copper
I am assisting them with web marketing. You will see this is one for your portfolio.
Appreciatively yours,
Carlton Parfitt
Thanks,
Jane