Resource News

Blue Gold Mining (TSXV:BGX) announced that it has successfully intersted a strong, deeply-rooted and widespread gold and copper mineralization to a depth of 650 meters and open in all directs at its Ball Creek Project in British Columbia.

Blue Gold Mining (TSXV:BGX) announced that it has successfully intersted a strong, deeply-rooted and widespread gold and copper mineralization to a depth of 650 meters and open in all directs at its Ball Creek Project in British Columbia.

Highlights from the drill program at Ball Creek include:

Hole BC12-47, which carried alteration and mineralization over its entire length of 650.8 metres and returned:

  • 0.28 g/t gold and 0.11% copper over 454.9 metres starting from surface and including;
    0.70 g/t gold and 0.26% copper over 36.3 metres
  • 0.20 g/t gold and 0.13% copper over 30.0 metres at the bottom of the hole

Hole BC12-48, which returned:

  • 0.40 g/t gold and 0.08% copper over 293.6 metres including:
    0.85 g/t gold and 0.09% copper over 44.2 metres

Highlight results from the northern end of the Main Zone, approximately 1,000 metres to the north, include:

Hole BC12-49, which returned:

  • 0.29 g/t gold and 0.19% copper over 118.8 metres including:
    0.48 g/t gold and 0.30% copper over 47.8 metres starting from surface

Hole BC12-51, which returned:

  • 0.18 g/t gold and 0.11% copper over 180.7 metres

Dr. Mark O’Dea, President and CEO of Blue Gold was quoted:

 We are in the early days of our evaluation of this extensive land position. There are at least four large and genetically-related, gold-rich porphyry targets to test, covering more than five square kilometres, with only limited shallow historic drilling. Our goals this year were to investigate the roots of this system by drilling deeper than achieved previously, to also step out beyond the footprint of past drilling, and to test the areal extent of surface alteration and mineralization. Results to date are highly encouraging and clearly show potential for both large tonnage and grade.

Click here to read the full press release. 

MARKETS

Markets
TSX19254.56+281.88
TSXV619.76+14.48
DOW32197.59+436.05
S&P 5004023.61+102.56
NASD12032.42+469.85
ASX6807.30+17.40

COMMODITIES

Commodities
Gold1734.79+16.74
Silver19.09+0.42
Copper3.47+0.09
Palladium2030.61+24.61
Platinum890.63+15.63
Oil98.24+3.26
Heating Oil3.65+0.12
Natural Gas8.67-0.33

DOWNLOAD FREE REPORTS

×