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6,000 Metres of Diamond Drilling Commences at the Coldstream Property, Ontario
Vancouver B.C., February 1, 2011, Alto Ventures Ltd. (ATV: TSX-V) ("Alto") and Foundation Resources Inc. (FDN: TSX-V) ("Foundation") or together "the Companies" are pleased to announce the commencement of a 6,000 metre diamond drilling program on the Coldstream Property (“the Property”) in northwestern Ontario. Foundation is the operator of this program and owns a 60% interest in the Property and Alto owns the remaining 40%. The three priority targets for the drill program are:
(1) Expand the East Coldstream Gold Deposit ("the Deposit") laterally by targeting 3D-induced polarization (IP) anomalies identified during the 2010 summer exploration program. These IP anomalies are located a few hundred metres both south and east of the Deposit.
(2) Test the Iris Zone by targeting historical IP anomalies with coincident surface gold values. The Iris Zone is located approximately 1.5 km northeast of the Deposit. Historic drilling results (e.g., 1.27 g/t gold over 5.2 m and 0.74 g/t gold over 12.5 m, including 1.19 g/t gold over 4.0 m) and Foundation’s 2009 and 2010 surface exploration results (up to 25.0 g/t gold in grab samples) correspond well with the historical IP anomalies. These targets are very encouraging as they have not been tested in detail.
(3) Test the possible extension of the Moss Lake Gold Deposit onto the southern-most claims of the Property. Historical drilling by Inco Ltd. (now “Vale”) in the early 1980s returned anomalous gold values (e.g., 0.99 g/t gold over 24.5 m and 1.5 g/t gold over 3.5 m) suggesting a potential extension of the Moss Lake Gold Deposit (QES Zone) onto the Property.
Volume is @ 207.5 K.
Price is @ 0.76
With Rig One, Burns Block Rainy River drill hole RR11-4 was completed to 280m.
Hole was drilled from same collar as RR10-32, 25m north of high grade hole RR10-15. Intercepted the foliated, sericite altered zone from 155m to 187m down hole. Hole RR11-5 is being drilled from same collar with a dip of 65 degrees. This is the final hole to complete a three fan from the RR10-32 site. Hole RR11-5 is at 45m this morning with target depth of 145m to 175m downhole.
With Rig Two, Burns Block Rainy River drill Hole RR11-3 was at 454m this morning. Second hole of a planned three hole fan located 130m east of west boundary on the south boundary of the Burns. Intercepted the foliated, sericite altered zone at 380m.
We will then steepen the next hole and start the final hole from this location at around 85 degrees.
On the "C" Block, we are constructing a winter road for planned drilling.
My latest hidden gold nugget could make 448% returns look like chicken feed.
Global gold mining takeovers have already set a record thisyear. Now, with the Chinese and their billions fully backingacquisitions abroad, the outlook for takeover candidates isastronomical.
My latest gold nugget find is about as straightforward apotential takeover story as I've ever seen. And because of itssignificant discoveries, it's highly likely to make you a ton of money,whether it's acquired or not.
I can't tell you how excited I am about this. It's truly oneof the few virtual "no-brainer" calls I've ever seen, and another hugeDOUBLE-WIN opportunity for those who get in quickly. Let me explain.
Rainy River Resources (V.RR) has been advancing a large(5.1Moz Au) and growing gold resource in northwest Ontario. But I'vediscovered recent drill results that show RR's mineralization extendsfrom their property right onto an adjacent claim block owned by anothersmall junior miner.
Armed with the drill results, this small company recentlyraised C$4 million in a private placement to carry out its drillprogram.
One of two things is guaranteed to happen to this small company:
1. With its known extensions to RR's gold deposits, this company is ripe for being taken over by RR. But RR itself is a candidate for takeover by any large gold mining company looking for big deposits in a stable mining jurisdiction. That means this tiny, virtually unknown gold nugget could be the winner of a no-holds-barred bidding war that would drive its stock prices into the stratosphere.
2. If it doesn't get taken over, the company has excellent potential to drill off a substantial gold resource of its own, and to discover even more. This work can provide extraordinary returns to investors on its own.
You see why I'm excited? This is more than just a great discovery story -- it's also a clear takeover waiting to happen. And either way investors who get in now – while virtually nobody else knows what's going on – stand to win big!
Sincerely,
Louis James, Editor
Casey's International Speculator
Having spent much of January braving the bitter cold as well as the immense snow falls in Ontario, the Tagish Team remains VERY optimistic about the following:-
1) NOW is the time to accumulate Bayfield Venture Resource stock ...BYV - V in the
@ 0.72 range.
2) We see an immediate rise on the horizon of at least 38%.
Visit www.tagish.ca for all your breaking news on BYV and other stocks
Jan. 28, 2011 (TheNewswire.ca) --
Minaurum Gold Inc. ("Minaurum") is pleased to announce a non-brokered private placement to raise up to $5,000,000 through the sale of its common shares at a price of $0.70 per share.
The proceeds of the private placement will be used by Minaurum for its exploration programs including the ongoing drilling program at the Aurena Gold Project as well as for working capital purposes.
The private placement is subject to TSX Venture Exchange approval. Finder's fees may be payable with respect to the private placement, in accordance with Exchange policies.
Minaurum Gold is a gold and silver explorer focusing on gold-dominant metals deposits in Mexico. The Company is currently advancing a portfolio of projects including the Aurena gold-skarn project.
ON BEHALF OF THE BOARD
"Darrell A. Rader"
Darrell A. Rader
President and CEO