posted on
Nov 28, 2012 08:12AM
TYHEE GOLD CORP
(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)
Message: Re: Huh?
Hans: Longtom has not been a major topic of conversation since I have been a Tyhee shareholder as you know, it came up maybe once or twice in my memory but years ago. Most recent results of a 12-hole campaign in 2003 by Alberta Star show some good grades and mention of a future phase 2 drilling program to explore some magnetic anomalies and good showings but I can see no evidence of this having been done. Once again the copied article (especially the graphs) below does not come out very well in the post but can be seen on the hyperlink immediately below. It does look interesting with 70% metal and expectation of a deeper deposit. I'll look some more. Ike (Excuse me the graphs came out great).
http://www.thefreelibrary.com/Alberta+Star+Releases+Longtom+Lake+Drill+Results.-a0106336188
Business Editors
VANCOUVER, British Columbia--(BUSINESS WIRE)--Aug. 6, 2003
Tim Coupland, President of Alberta Star Development Corp. (ASX ASX
See: Australian Stock Exchange ), listed on the TSX Venture Exchange TSX Venture Exchange
Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. and on the OTCBB OTCBB
See OTC Bulletin Board (OTCBB). (ASXSF), is pleased to report that drilling on the Company's Longtom Lake Project located in Canada's Northwest Territories Northwest Territories, territory (2001 pop. 37,360), 532,643 sq mi (1,379,028 sq km), NW Canada. The Northwest Territories lie W of Nunavut, N of lat. 60°N, and E of Yukon. has intersected significant Iron OxideThe material used to coat the surfaces of magnetic tapes and lower-capacity disks.
..... Click the link for more information. hosted Copper-Gold (IOCG IOCG Iron Oxide Copper Gold
IOCG International Organization for Crystal Growth ) poly-metallic mineralization Mineralization
The process by which the body uses minerals to build bone structure.
Mentioned in: Rickets
.
mineralization,
n the bioprecipitation of an inorganic substance.
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A 12-hole (2634 m) drill program was carried out to test the completed interpretation of the various geophysical ge·o·phys·ics
n. (used with a sing. verb)
The physics of the earth and its environment, including the physics of fields such as meteorology, oceanography, and seismology. data sets including ground based gravity survey and localized Induced Polarization/Resistivity (IP/Res) survey over selected portions of the two large 2.5-3.5 mGal gravity-magnetic anomalies over a 7.5 km trend. The gravity anomalies A gravity anomaly is the difference between the observed gravity and a value predicted from a model. Geodesy and geophysics
In geodesy and geophysics, the usual model is the surface of a global spheroid (ellipsoid of Hayford or WGS84) by rather simple formulae (2 functions of are spatially coincident co·in·ci·dent
adj.
1. Occupying the same area in space or happening at the same time: a series of coincident events. See Synonyms at contemporary.
2. with anomalous magnetic signatures and 40 line-km of Induced Polarization/Resistivity survey was completed over selected traverses covering parts of the Gravity-Magnetic highs. Drill holes were directed to known copper and iron mineralization in exposed in outcroppings of hematite hematite (hĕm`ətīt), mineral, an oxide of iron, Fe2O3, containing about 70% metal, occurring in nature in red to reddish-brown earthy masses and in steel-gray to black crystalline forms. breccia breccia: see conglomerate. and to selected strategic high priority IP/Resistivity targets coincident with gravity anomalies that cover a large portion of the property (10 km trend).
12 DRILL HOLES COMPLETED-(PHASE 1)
The Longtom Lake drilling and exploration program is being supervised under the direction of Erik Ostensoe, P.Geo. a qualified person within the definition of National Instrument 43-101. The program consists of 20 holes, of which 12 holes have been successfully completed. All holes were drilled at minus 50, 55, 70, 90 degrees with an average inclined depth of 200+ meters per hole. Alberta Star has contracted Connor's Drilling Ltd., who are using a Boyles BBS-25A helicopter transportable drill equipped with BQTK tools, and who supply crews for around-the-clock operation. Alberta Star has been utilizing two drill crews, with two 12-hour shifts around the clock. The 12 holes included a total footage of 8,643 ft (2,634 m) and were completed on time and on budget. Phase 2 will commence in mid-August and be completed in early September.
ASSAYS COMPLETED
243 core samples were analyzed for 36 elements by Acme (company, jargon) ACME - /ak'mee/ 1. A Company that Makes Everything. The canonical imaginary business. Possibly also derived from the word "acme" meaning "highest point".
2. A program for MS-DOS. Analytical Laboratories Ltd., a registered analytical lab, for analysis by ICP-MS ICP-MS Inductively Coupled Plasma Mass Spectroscopy and ICP-FA techniques. Gold analyses were also obtained from 30 gram portions of all samples by fire assay-ICP methods. Cobalt values found in drill hole ASX-03-11 were excessively high and in excess of ICP (1) (Internet Cache Protocol) A protocol used by one proxy server to query another for a cached Web page without having to go to the Internet to retrieve it. See CARP and proxy server. analytical limits and these samples are being re-assayed. The Company is exceedingly pleased with the preliminary assay data received for the first 12 drill holes. Drill testing to date has confirmed the polymetallic nature of the property with appreciable ap·pre·cia·ble
adj.
Possible to estimate, measure, or perceive: appreciable changes in temperature. See Synonyms at perceptible. copper, gold, cobalt, silver, uranium, iron over considerable widths in hematite-magnetite alteration over a large portion of the property and validated and confirmed the Company's Iron Oxide (IOCG) hosted Copper- Gold model. The Longtom Property's principal mineral zone is located at the northwest end of very strong gravity and magnetic anomalies Magnetic Anomaly may refer to: with dimensions of 7.5 km in length by 2 km in width. It is now believed that the Bonanza Bluff (Damp mineral zone) which was previously thought to be mineralized min·er·al·ize
v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es
v.tr.
1. To convert to a mineral substance; petrify.
2. To transform a metal into a mineral by oxidation.
3. within a synclinal syn·cli·nal
adj.
1. Sloping downward from opposite directions to meet in a common point or line.
2. Geology Relating to, formed by, or forming a syncline.
Adj. 1. structure, may now be mineralized and open at much greater depth.
Drill Hole ASX-03-01 through -06
Drill testing was directed to the southeast corner of the 19,286 hectare hectare (hĕk`târ, –tär), abbr. ha, unit of area in the metric system, equal to 10,000 sq m, or about 2.47 acres. claim block on the eastern flanks of the large gravity anomaly B. Drilling testing encountered altered granodiorite granodiorite
Medium- to coarse-grained rock that is one of the most abundant intrusive rocks. It contains quartz and is distinguished from granite by having more plagioclase feldspar than orthoclase feldspar; its other mineral constituents include hornblende, biotite, and and bedded rhyodacite and andesite andesite
Any member of a large family of rocks that occur in most of the world's volcanic areas, mainly as surface deposits and to a lesser extent as dikes and small plugs. . Several sections of sulphide sulphide: see sulfide. mineralization were intersected in the granodiorite, confirming the potential presence of substantial mineralized zones with disseminated magnetite magnetite (măg`nətīt), lustrous black, magnetic mineral, Fe3O4. It occurs in crystals of the cubic system, in masses, and as a loose sand. in the intrusive rocks (Geol.) rocks which have been forced, while in a plastic or melted state, into the cavities or between the cracks or layers of other rocks. The term is sometimes used as equivalent to plutonic rocks ltname>. It is then contrasted with effusive or volcanic rocks.
See also: Intrusive . The rhyodacite and andesite formations were mineralized with chalcopyrite chalcopyrite (kăl'kəpī`rīt, kăl`kōpī'rīt) or copper pyrites (pīrī`tēz, pə–), brass-yellow mineral, sometimes with an iridescent tarnish. and contained elevated cobalt values. Additional IP/Resistivity work is necessary on anomaly B which will consist of a regular localized grid of 50 m parallel traverses to define the gravity anomaly and areas of mineralization in greater detail, in addition to, data base preparation and follow-up drilling.
Drill Hole ASX-03-07 through -12
Drill testing was directed in the northwest corner in the vicinity of Bonanza Bluff (Damp Zone). The mineralization is similar to that which occurs in a specular spec·u·lar
adj.
Of, resembling, or produced by a mirror or speculum.
hematite-magnetite breccia similar to that which hosts the 2.6 billion tonne Olympic Dam iron-oxide, copper -gold (IOCG) deposit in South Australia South Australia, state (1991 pop. 1,236,623), 380,070 sq mi (984,381 sq km), S central Australia. It is bounded on the S by the Indian Ocean. Kangaroo Island and many smaller islands off the south coast are included in the state. and is found with other major deposits of similar nature. Shallow holes had been drilled at Bonanza Bluff (Damp Zone) in 1988 (16 shallow holes totaling 1200 meters) and in 1997 (4 holes totaling 950 meters). Appreciable copper, gold (1.0 meter of 2.05 g/t Au (gold) and 4 meter of 1.04g/t Au (gold), cobalt, silver (58.1'of 6.62 grams of silver), uranium were obtained over considerable widths in a zone of albite albite (ăl`bīt): see feldspar. and hematite alteration in volcanic flows. Drill hole ASX-03-07 intersected several large oxide and sulphide sections including near surface specular hematite and magnetite and albitic al·bite
n.
A widely distributed white feldspar, NaAlSi3O8, that is one of the common rock-forming plagioclase group.
alteration with copper, cobalt and significant uranium values. Drill hole ASX-03-08 intersected the mineralized zone of 1.18% of copper over 5 ft. Drill hole ASX-03-11 has intersected a substantial mineralized zone of copper, cobalt and uranium values at a depth of 60 meters along with significant widths of iron rich formations. It is possible that additional gold bearing sections exist and that some intersections were overlooked while assaying. Poly-metallic mineralization (copper, gold, silver, uranium, bismuth bismuth (bĭz`məth) [Ger. Weisse Masse=white mass], metallic chemical element; symbol Bi; at. no. 83; at. wt. 208.9804; m.p. 271.3°C;; b.p. about 1,560°C;; sp. gr. 9.75 at 20°C;; valence +3 or +5. , REE), a signature of an iron oxide hosted copper-gold deposits has been encountered in most of the drill holes.
Drilling Resumes (Phase 2)
The drilling program has greatly enhanced the Longtom Lake (IOCG) database of compiled geological and geophysical data sets. A three-dimensional modeling of drill data and assay values is currently in progress using Gemcon software. Drill data from 1988 and 1997 will be incorporated into the database. Prior drilling has confirmed anomalous copper, gold, silver, uranium and iron grades on the property. The Company will resume its scheduled drilling (Phase 2) of the scheduled 8 more drill holes in mid August upon receipt of all assays.
breccia
Coarse sedimentary rock consisting of angular or nearly angular fragments larger than 0.08 in. (2 mm). Breccia commonly results from processes such as landslides or geologic faulting, in which rocks are fractured.
- Kursk Magnetic Anomaly
- Tycho Magnetic Anomaly
specu·lar·ly adv.
Adj. 1.
albite
Common feldspar mineral, a sodium aluminosilicate (NaAlSi3O8) that occurs most widely in pegmatites and acid igneous rocks such as granites.
[Latin albus, white; see albho-
LONGTOM LAKE " PHASE 1" -DRILL RESULTS DRILL HOLE LOCATIONS-LONGTOM PROJECT -------------------------------------------------------------------- Hole ID Easting Northing Elevation Length Dip Azimuth (m) (m) (m) (m) -------------------------------------------------------------------- AS-03-01 472375 7225688 270 227 -50 215 -------------------------------------------------------------------- AS-03-02 472600 7225800 250 228.6 -50 35 -------------------------------------------------------------------- AS-03-03 472818 7225487 265 228.6 -70 215 -------------------------------------------------------------------- AS-03-04 472818 7225487 265 113 -50 35 -------------------------------------------------------------------- AS-03-05 472176 7224649 215 270 -90 0 -------------------------------------------------------------------- AS-03-06 472176 7224649 215 224 -50 35 -------------------------------------------------------------------- AS-03-07 467931 7228337 260 270 -50 35 -------------------------------------------------------------------- AS-03-08 467931 7228337 260 93 -90 0 -------------------------------------------------------------------- AS-03-09 467058 7228977 250 233 -90 0 -------------------------------------------------------------------- AS-03-10 467058 7228977 245 172 -65 35 -------------------------------------------------------------------- AS-03-11 467072 7229152 250 221 -55 35 -------------------------------------------------------------------- AS-03-12 467139 7229237 250 306 -70 35 -------------------------------------------------------------------- DRILL HOLES ASX 1-12 / ASSAY RESULTS ------------------------------------------------------------------- Hole No. Inter- Copper Gold Cobalt Uranium Iron section Length Cu Au Co U Fe (ft) (ft) (%) (ppb) (ppm) (ppm) (%) ------------------------------------------------------------------- AS-03-01 300'-301' 1' 1.08 85 74.1 4 3.44 310'-312.5' 2.5' 0.50 18 9.9 7.7 2.60 675'-705' 30' 0.065 15 10.6 10.6 2.54 ------------------------------------------------------------------- AS-03-03 15'-45' 30' 0.071 9.6 11.6 6.7 2.37 673.5'-675' 1.5' 0.27 3 2.8 7.1 1.84 ------------------------------------------------------------------- AS-03-05 739'-755' 16' 0.027 5.5 90.9 1.1 3.54 ------------------------------------------------------------------- AS-03-06 535'-542.5' 7.5' 0.028 3.6 79.8 1.0 4.59 ------------------------------------------------------------------- AS-03-07 4'-20' 16' 0.25 6.6 583 116 5.45 181'-186.5' 5.5' 0.005 3 277.1 16.1 3.93 381.5'-385' 3.5' 0.003 less 78 14.5 6.80 than 2 501'-506' 5' 0.089 less 176.5 27.6 3.69 than 2 621.5-633.5' 12' 0.19 29.8 24.9 1.0 5.84 710'-712' 2' 0.27 55 122.6 7.3 8.25 972'-974.5' 2.5' 0.16 2 368.0 3.8 10.51 ------------------------------------------------------------------- AS-03-08 0'-30' 30' 0.55 18 430.3 354.3 4.41 ------------------------------------------------------------------- AS-03-09 340'-350' 10' 0.27 7 78.4 39.2 3.97 383'-387.5' 4.5' 0.045 3 85.1 38.0 3.54 400'-405' 5' 0.11 3 123.3 19.1 6.02 450'-455' 5' 0.053 7 297.7 2.1 2.90 474'-476' 2' 0.204 7 497.9 2.5 3.46 490'-500' 10' 0.063 7 461.5 128.9 4.38 515'-534' 19' 0.058 2 131.0 81.8 4.76 604'-613' 9' 0.005 2 46 19.1 3.68 ------------------------------------------------------------------- AS-03-11 145'-202' 57' 0.23 2.9 greater 397.6 7.37 than 1376.7(i) 230'-238.3' 8.3' 0.032 less 79.6 35.8 2.3 than 2 255'-257' 2' 0.373 3 757.7 141.5 9.49 278'-281.8' 3.8' 0.105 less 210.8 209.4 5.29 than 2 484.4'-489.6' 5.2' 0.288 less 79.1 115.6 2.89 than 2 515'-526.5' 11.5' 0.072 less 127.7 2.8 3.80 than 2 624.3'-626.8' 2.5' 0.044 2 179.0 2.0 7.45 (i)Assay pending ------------------------------------------------------------------- AS-03-12 309'-314.5' 5.5' 0.089 5 118.2 3.3 4.97 555'-583.5' 28.5' 0.036 2 63.0 30(ii) 6.33 987.7'-990.2' 2.5' 0.002 less 48.8 237.2 3.14 than 2 (ii)includes 5' of 167.3 ppm Uranium (U) ------------------------------------------------------------------- ------------------------------------------------------------------ Including ---------------------------------------- Hole No. Intersection Cu Au Co U Fe (ft) (%) (ppb) (ppm) (ppm) (%) ------------------------------------------------------------------ AS-03-01 700'-702' 0.86 38 19.6 8.6 3.97 ------------------------------------------------------------------ AS-03-03 ------------------------------------------------------------------ AS-03-05 ------------------------------------------------------------------ AS-03-06 ------------------------------------------------------------------ AS-03-07 622'-624' 0.5 55 46.1 1 5.84 ------------------------------------------------------------------ AS-03-08 15'-20' 1.18 24 1047.4 44.5 6 20'-25' 0.31 4 741.7 471.5 5.25 ------------------------------------------------------------------ AS-03-09 ------------------------------------------------------------------ AS-03-11 145'-150' 0.38 4 greater 110.2 10.37 than 2000(iii) 155'-159' 0.14 less greater 86.6 11.04 than 2 than 2000(iii) 159'-164' 0.3 2 greater 56.8 6.78 than 2000(iii) 321.1 8.93 184'-189' 0.5 5 greater than 2000(iii) 199'-202' 0.32 24 greater than 2000(iii) 4124.9 14.22 (iii)Assay pending ------------------------------------------------------------------ AS-03-12 ------------------------------------------------------------------
- Metal values as at today's market price. Gold US$350 per ounce of gold, US$0.81 per pound of copper, US$10.15 per pound of cobalt, US$6.79 per ounce of silver.
Olympic Dam Style Deposits
The vast majority of known Olympic Dam style of IOCG prospects occur in the Bear province and are related to the Great Bear Magmatic Zone (GBMZ), a period of felsic fel·sic
adj.
Containing a group of light-colored silicate minerals that occur in igneous rocks.
intrusive and volcanic activity related to post collisional extension. Two types of iron-oxide rich mineralization are known:
1. Kiruna -type monometallic mon·o·me·tal·lic
adj.
1. Consisting of or containing one metal.
2. Of, advocating, or practicing monometallism.
Adj. 1. veins and breccias characterized by magnetite-apatite-actinolite concentrations.
2. Olympic Dam- style polymetallic copper/gold/silver/uranium/REE bearing breccias. Olympic Dam types of systems are the most sought after deposit styles due to their large size potential and their polymetallic grades. Many deposits have been classified according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. their conformity with the Olympic Dam model. The continuing search for giant-sized Iron Oxide hosted Copper/Gold (IOCG) deposits has gained huge momentum in Canadian mining circles due to their enormous size potential. They are often referred to as Olympic Dam deposits, named for a huge Australian deposit that characterizes this deposit type. The Olympic Dam mine in south Australia is a massive polymetallic deposit that has a combined metal content of 28 billion pounds of copper, 11.8 million ounces of gold, 115 million ounces of silver plus additional credits of cobalt, uranium and other metals.
LONGTOM LAKE IRON-OXIDE HOSTED COPPER- GOLD PROJECT (IOCG)
The Longtom property is Alberta Star's prospective Olympic Dam style (IOCG) Iron-Oxide, Copper, Gold, +Cobalt, Silver, Nickel, Bismuth exploration project near Longtom Lake in Canada's Great Bear Magmatic Zone (GBMZ), Northwest Territories. The Longtom mineral exploration property is located 350 km northwest of Yellowknife, NWT NWT or N.W.T.
abbr.
Northwest Territories
and is comprised of a 19,642-acre claim-block. The property is situated in Canada's great Bear Magmatic Zone (GBMZ) an area with a long mining history going back to 1933 where over 40 millions ounces of silver and undisclosed amounts of uranium and radium radium (rā`dēəm) [Lat. radius=ray], radioactive metallic chemical element; symbol Ra; at. no. 88; at. wt. 226.0254; m.p. 700°C;; b.p. 1,140°C;; sp. gr. about 6.0; valence +2. Radium is a lustrous white radioactive metal. were produced. The Longtom Lake camp is fully operational for a 25 man crew and has full infrastructure and support facilities for year round drilling.
ALBERTA STAR DEVELOPMENT CORPORATION
Alberta Star is a Canadian based mineral exploration company that identifies, acquires, and develops advanced staged mineral exploration properties throughout the world. It specializes in properties with strong databases, that are fully permitted and drill ready for purchase or option. Alberta Star's focus is to acquire properties where due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. has indicated that there is a reasonable expectation of identifying and yielding a world-class deposit for its shareholders.
www.alberta-star.com
Investors are encouraged to visit the Company's fully interactive website at www.alberta-star.com and view photographs of the field exploration crews working, and drilling being conducted at the Company's Longtom Lake Copper, Gold (IOCG) project in Canada's Northwest Territories.
ALLAN FELDMAN-INVESTOR RELATIONS
Investors are welcomed to contact Mr. Allan Feldman, Alberta Star's In-house Investor Relations Investor relations
The process by which the corporation communicates with its investors. and Corporate Communications Corporate communications is the process of facilitating information and knowledge exchanges with internal and key external groups and individuals that have a direct relationship with an enterprise. Specialist for all corporate updates at (604) 948-9663.
On behalf of the Board of Directors of
ALBERTA STAR DEVELOPMENT CORP.
Tim Coupland, President
This News Release includes certain "forward looking statements" within the meaning of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve that involve various degrees of risk. The following are important factors that could cause Alberta Star's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.
[fel(dspar) + s(ilica) + -ic.
NWT Northwest Territories (of Canada)
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