TIMMINS on Fire
posted on
Jun 26, 2009 09:12PM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
I included a couple other tid bits that I found. The first one is referencing other area plays.
"There is a building exploration story located in the Timmins West Camp which may provide Laurion[and Goldeye] with an opportunity to become involved in a stand out Gold project deemed hugly lucrative for such a junior in a current market which is only funding projects which have the potential to contain over 3,000,000 ounces of gold. Reported overburden drilling based bedrock sampling has returned signficant gold values from a project test bed corridor held by a private geophysical development company to the immediate north of the Melkior Resources Carscallen Gold Property is being slated for diamond drill testing sometime this mid May. A 400 meter wide altered structural corridor is said to have returned up to 55 grams per ton gold over the entire width of the formation at 50 meter intervals and is open in all directions. If the results of the pending diamond drilling program are indicative of the shallow sampling program gold values from this area then Laurion would be an ideal company to approach based on thier future project acquisition mandates as per the statement below produced by CEO Cynthia Le Sueur Aquin during the 2008 PDAC.
The Carscallen Township area is currently being subjected to intense parallel exploration activity by Melkior Resources Ltd and San Gold Corp, with both projects surrounding the region of activity where the above geophysical development pre-drilling returns are being produced. The name of the private group (Moon Energy Corporation) was retrieved from a sign on Hwy 101 about 10 km west of the Lake Shore Gold Timmins West Project."