activation laboratory's(actlabs...
in response to
by
posted on
Nov 27, 2010 01:23PM
New Discovery Resulting in a 20KM Mineralized Gold Belt
Keeping them very very busy Sasha say's ... Speeding results bla bla he says... hmm
Then explain this .. thg started their sample/drill program early this fall and they already have results released from actlabs??? Whitout any mention of rushed essays ( they don't have the $$ either )..I'm not a fan at all of rushed essays as i think it 's giving too much power to those lab's to delay any of the non rushed samples... Re-essaying is not the reason here i'm sure cause thg had them samples re-essayed too...They're holding them back for some reason...It could be a good one , but it's not actlabs who's slowing them down... yes thg gained this week on this news and the fact that there adanac propriety is next to ....GBB ! ... Made some with thg and shifted it back here at 45c for a quick flip. We should see 50c this week as 200dma as been tested and it bounced back up pretty fast . good luck
read up it's all there;
Threegold Resources Inc.: Significant Gold Grades Discovered, Up to 26.7 Grams Per Tonne at South Bay Project, Val-d'Or, Quebec
VAL-D'OR, QUEBEC, CANADA--(Marketwire - Nov. 22, 2010) - ThreegoldResources Inc. (TSX VENTURE:THG) is pleased to announce results from thesurface channel sampling collected on the South Bay property, 40Km's eastof Val-d'Or, Quebec . Significant gold values of up to 26.7 g/t weresampled and results confirm the potential of a high grade discovery in aprolific gold mining region of Canada.Threegold management is highly enthusiastic with the initial results andhas decided to mobilize a drill immediately to the project to verify theextension at depth and along strike of the surface discovery. The programwill consist of a series of short holes aimed directly below the exposedmineralized zone. Surface magnetometric and Induced Polarizationgeophysical surveys will also be carried out to characterize the discoveryarea./T/---------------------------Channel Sample - North Zone------------------------------------------------------Channel Length Au---------------------------(#) (m) (g/t)---------------------------2.0 E 1.05 2.36---------------------------3.5 E 0.50 4.01---------------------------6.8 E 1.10 1.83---------------------------11.6 E 4.30 1.88---------------------------15.5 E 0.60 1.02---------------------------16.5 E 0.75 26.69---------------------------/T/The company commenced its first work program on the South Bay propertylocated some 40km due east of Val-d'Or, Quebec during the fall of 2010 tolocalize previous gold occurrences. Some historic trenches were localizedcleared and stripped using a backhoe. The rocks exposed were felsic tointermediate intrusives exhibiting significant silicification andsericitation and were cut by folded quartz veins and veinlets carryingsubstantial pyrite mineralization. The surface was sampled by cuttingchannels at various intervals and collecting the material. Two (2) furthersectors were stripped, channelled and sampled on South Bay and results forthese are pending. These two additional sectors are believed to be part ofthe historical occurrences reported on the project but never properlylocated.The fifty (50) channel samples were sent to Actlabs (ActivationLaboratories Ltd) in Ste-Germaine-de-Boule for assaying using conventionalFire Assay with Atomic Absorption finish on a 30g pulverized split portion.Results exceeding 3000 ppm were reassayed with a gravimetric finish.Exploration and sampling of the project was carried out under the directsupervision of Robert Tremblay, P.Geo. Samples were delivered directly tothe laboratory for treatment.Private PlacementThreegold also wishes to announce that it has arranged a private placementto raise up to $1,000,000 by issuing 4,000,000 units at a price of
.25per unit. Each unit is be comprised of one (1) common share of the companyand one share purchase warrant entitling the holder to purchase oneadditional common share of the company at a price of
.35 for a period ofone year following the closing The warrants include an acceleration clauseto the effect that if at any time after four (4) months and one (1) dayfollowing the closing of the private placement the trading price of thecommon shares of Threegold on the TSX Venture Exchange is equal or exceeds
.45 for 20 consecutive trading days, Threegold shall be entitled tonotify the holders of warrants of its intention to force the exercise ofthe warrants.In connection with the private placement, a cash commission of up to 8% maybe paid to agents and 8 percent brokers.This press release was prepared by Antoine Fournier, P. Geo, vice-presidentexploration for Threegold Resources Inc. and Qualified Person as defined byNI43-101ABOUT THREEGOLDThreegold Resources is actively pursuing an gold discovery in threeprojects in prolific mining and exploration camps in Ontario and Quebec.The 100% owned Adanac project is immediately adjacent to GoldBullion'sGranada discovery and west of Osisko's 12M ounce deposit on the Abitibibelt. The South Bay Project has made a significant surface discovery nearVal-D'Or in the and the Company has recently acquired land in the ShiningTree Camp on the eastern extension of the Cadillac Fault Zone. Managementis evaluating opportunities to create shareholder value with its recentRare Earth Element discovery and its Base Metal project in Gaspe Peninsula.You can also visit our website: www.threegold.ca-30-FOR FURTHER INFORMATION PLEASE CONTACT:Threegold Resources Inc.Mr. Victor GoncalvesPresident and CEO204-997-5517info@threegold.cawww.threegold.caorThreegold Resources Inc.Mr. Antoine Fournier, P. Geo.Vice-president Exploration819-825-3883info@threegold.caorS.N.D.L. Financial CommunicationMr. Sylvain LabergeInvestor Relations514-380-5610slaberge@sdnlfinancial.comNeither the TSX Venture Exchange nor its Regulation Services Provider (asthat term is defined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.