n00n's Profile
n00n's Posts
After 2.5 years of holding this company and working for them as Kodiak, I've pulled the 'chute at $1.05. My average was .44 with about a 103k shares...alot of ups and downs, but I am of the opinion that we traded one snake oil salesman for another, but I did fine, so I can't complain too loud.
GLTA
n00n
They don't even test the links on their site.... .pdf.pdf
If we hit $1, I'm taking our 110k (.44 ave) shares out. These guys are a joke and have been for long time.
We own 103k shares and will hold out for the long haul...news around the area is positive. Premier is also drawing a TON of attention to the plays.
Glad to see everyone holding strong.
n00n
Prodigy Drills 261m Grading 1.13 gpt Gold Including 104.6m Grading 2.06 gpt Gold at Magino
nlk
FSC / Press Release
Prodigy Drills 261m Grading 1.13 gpt Gold Including 104.6m Grading 2.06 gpt Gold at Magino
Vancouver, British Columbia CANADA, March 16, 2011 /FSC/ - Prodigy Gold Inc. (PDG - TSX Venture, KX3 - FWB), is pleased to announce initial results its in-fill and resource expansion drilling program at its 100% owned Magino mine gold project in Ontario. Highlights include drill MA11-004 which intercepted 261 metres grading 1.13 gpt gold including 104.6 m grading 2.06 gpt gold. Gold mineralization in MA11-004 begins at a depth of only 80 metres below the surface in an area with little previous drilling (please see cross section and drill hole location map below). Deeper in drill hole MA11-004, a zone of gold mineralization was cut over 103 metres at a grade of 1.03 gpt gold. This zone projects up dip into a previously undrilled part of the system, generating new targets for resource expansion. Similar results were seen in drill holes MA11-001 and MA11-003 (see table below). MA11-002 intercepted a post-mineral diabase dyke and was terminated at 186 metres.
-***-
------------------------------
Drill Hole From To Length Grade
(metres) (metres) (metres) (gpt gold)
---------------------------------------------------------
MA11-001 151.5 205.0 53.5 1.04
338.2 402.0 63.8 1.02
463.0 486.0 23.0 1.02
MA11-002 none
MA11-003 106.0 244.0 138.0 0.75
Including: 196.0 231.0 35.0 1.41
309.0 330.0 21.0 0.89
MA11-004 122.0 383.0 261.0 1.13
Including: 134.4 239.0 104.6 2.06
600.0 703.0 103.0 1.07
Including: 600.0 623.0 23.0 2.34
----------------------------------------------------------
-****-
The Magino in-fill drilling program is targeting areas for resource expansion within the known Magino resource. The results from drill holes MA11-01, -02 and -03 confirm our ability to grow the resource within the limits of the conceptual pit shell. As previously reported, the Magino deposit currently contains Indicated gold resources of 1,924,200 ounces grading 1.16 gpt gold (51.6M tonnes), and Inferred resources of 587,100 ounces grading 1.04 gpt gold (18.3M tonnes)(News release dated February 28, 2011). To date, Prodigy has completed 1,836 metres of the planned 20,000 metre drill program. When completed, the results of the in-fill drilling program will be used to update the Magino gold resource estimate later this year.
To view the map associated with this release, please click on the following link:
http://www.usetdas.com/maps/prodigy/prodigymap103162011.pdf
Cross section 300SW, Magino mine project. Note that gold mineralization in drill hole MA11-004 begins at shallow depth and implicates a large of volume of rock for potential gold resource expansion. The deeper intercept in MA11-004, although below the bottom of the conceptual pit shell (~90m in elevation), project upwards to drill hole S-97-02 and opens a 200 metre vertical section for more drilling and exploration.
To view the map associated with this release, please click on the following link:
http://www.usetdas.com/maps/prodigy/prodigymap203162011.pdf
Effective March 2, 2011, Prodigy Gold Inc. has terminated its option agreement with CanAlaska Uranium Ltd. covering the McTavish project in northern Saskatchewan.
About Prodigy Gold: Prodigy Gold Incorporated (PDG: TSX.V) is currently evaluating the Magino mine project in Ontario as an open-pit mining opportunity with the potential for deeper, higher grade gold production. The Magino mine project contains Indicated gold resources of 1,924,200 ounces grading 1.16 gpt gold (51.6M tonnes), and 587,100 ounces of Inferred gold resources grading 1.04 gpt gold (18.3M tonnes) (please see Prodigy press release dated February 28, 2011). The Company is producing a Preliminary Economic Analysis (PEA), establishing the economic parameters of an open pit mining operation at Magino. The PEA is expected to lead to a full feasibility study, projected for early 2012. Bringing the Magino Mine project through the feasibility process and towards production, coupled with the exploration potential of our Beardmore-Geraldton exploration properties, are the catalysts to growing Prodigy Gold, building substantial value for Prodigy shareholders: Today's Discovery, Tomorrow's Future.
The geological information for the Magino project has been reviewed and approved by Tom Pollock, P.Geo., Prodigy Gold's Vice President - Exploration, who is a qualified person under the definitions established by National Instrument 43-101. Drill core at Magino is boxed, covered, and sealed at the drill rig and moved to the Prodigy logging and sample preparation facilities by Prodigy personnel. The core is then split down the centre using a typical table fed circular rock saw normally at one metre intervals. One half of the core is sent for assay to ALS Chemex, 2090 Riverside Dr., Timmins, ON, P4R 0A2, while the other half is returned to the core box and stored at Prodigy's sampling facility in a secure, fenced off, area. Prodigy QA/QC procedures include the regular use of blanks, standards and duplicate samples in addition to sending 10% of the samples off to a second lab for check assays. Samples assaying > 3.0 gpt gold are automatically re-assayed by the metallic screen method. Drill holes are directed as much as possible perpendicular to the strike and dip of the mineralization at Magino. As a rough estimate the true thickness of the above intercepts is approximately 76%.
On behalf of the Board of Directors
Brian J. Maher
President and Chief Executive Officer
Prodigy Announces $3,150,000 Non-Brokered Private Placement With Macquarie
ccnm
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 8, 2011) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNTIED STATES
Prodigy Gold Incorporated (TSX VENTURE:PDG) (the "Company" or "Prodigy Gold") is pleased to announce that it has entered into an agreement with Macquarie Bank Ltd. (Macquarie) for a non-brokered private placement in the amount of $3,150,000.
The private placement will consist of 7,000,000 units at a price of Cdn$0.45 per unit. Each unit shall consist of one fully paid and non-assessable common share (a "Share") and one-half of one transferable common share purchase warrant (each whole warrant, a "Warrant") in the capital of Prodigy Gold. Each Warrant shall entitle Macquarie to purchase one additional Share (a "Warrant Share") of Prodigy Gold at an exercise price of Cdn$0.60 per Warrant Share for a period of 24 months from the date of issue, provided that if the daily volume weighted average price for twenty (20) consecutive days of trading of Prodigy Gold shares on the TSX Venture Exchange (or such other stock exchange on which shares of Prodigy Gold are listed) exceeds Cdn$0.75 per share, the expiry date of the Warrants may be accelerated to the day which is thirty (30) calendar days after notice of acceleration has been sent by Prodigy Gold to Macquarie. All securities issued in conjunction with the private placement will be subject to a four month hold period. The private placement is subject to acceptance of a filing to be made in respect of same by the TSX Venture Exchange.
The proceeds from the private placement will be used to fund the Company's ongoing exploration and development at the Magino mine project and general corporate purposes.
About Prodigy Gold: Prodigy Gold Incorporated (TSX VENTURE:PDG) is currently evaluating the Magino mine project in Ontario as an open-pit mining opportunity with the potential for deeper, higher grade gold production. The Magino mine project contains Indicated gold resources of 1,924,200 ounces grading 1.16 gpt gold (51.6M tonnes), and 587,100 ounces of Inferred gold resources grading 1.04 gpt gold (18.3M tonnes) (please see Prodigy press release dated February 28, 2011). The Company is producing a Preliminary Economic Analysis (PEA), establishing the economic parameters of an open pit mining operation at Magino. The PEA is expected to lead to a full feasibility study, projected for early 2012. Bringing the Magino Mine project through the feasibility process and towards production, coupled with the exploration potential of our Beardmore-Geraldton exploration properties, are the catalysts to growing Prodigy Gold, building substantial value for Prodigy shareholders: Today's Discovery, Tomorrow's Future.
All scientific and technical information in this news release has been reviewed and approved by Tom Pollock, P. Geo., Prodigy Gold's Vice President of Exploration, who is a qualified person under the definitions established by National Instrument 43-101. Prodigy Gold QA/QC procedures are as follows: Prodigy Gold drill cores are split down the center with a typical table feed circular rock saw or are split with a hydraulic slitting device. Sample intervals are selected according to geologic contacts, visible mineralization, and alteration, placed into sample bags and shipped to the assay lab where they are quantitatively analyzed for select elements. Drill cores are boxed, covered, and sealed at the drill rig and moved to the Prodigy Gold logging and sample preparation facilities by Prodigy Gold personnel. Prodigy Gold angle core holes are directed perpendicular to the mapped dip of the vein therefore reported drill hole intercepts approximate true thickness of the vein. All Prodigy Gold samples are currently being assayed by Chemex ALS, 2090 Riverside Dr, Timmins, ON P4R 0A2. Blank and standard samples are routinely submitted with all sample batches sent to the lab for assay. Samples are routinely sent to other labs for additional checks.
On behalf of the Board of Directors
Brian J. Maher, President and Chief Executive Officer
Kodiak Reports New Core Assays From Magino: 114 metres Grading 1.84 gpt Gold
Vancouver, British Columbia CANADA, December 17, 2010 /FSC/ - Kodiak Exploration Limited (KXL - TSX Venture, KXLAF - OTCBB_Pink_Sheets, KX3 - FWB), (Kodiak) is pleased to announce results from its core sampling program at its 100% owned Magino Mine project in Ontario. Kodiak and its predecessor at Magino, Golden Goose Resources (now a wholly owned subsidiary of Kodiak) have been systematically sampling previously unassayed sections of core from Golden Goose's 2006 drilling campaign. Because Golden Goose was focused on high grade, underground-minable gold mineralization, only visually mineralized structures were sampled, leaving thick intervals of disseminated gold mineralization unsampled and unassayed. To date, Kodiak has split and sampled over 2,800 metres of core from fifteen drill holes. Highlights from the first five drill holes (06-11 through 06-15) include:
* 114.0 metres grading 1.84 gpt gold in drill hole 06-15
* 53.4 metres grading 2.43 gpt gold in drill hole 06-14
* 63.0 metres grading 1.40 gpt gold in drill hole 06-12
* 72.7 metres grading 1.19 gpt gold in drill hole 06-13
Complete results for drill holes 06-11 through 06-15 are shown in the table below. Golden Goose previously announced the results of their limited "spot" sampling in a press release dated August 1, 2006.
-***-
Drill Hole From To Interval Gold Grade (gpt,
(m) (m) (m) capped at 40gpt)
------------------------------
06-11 91.0 133.0 42.0 0.31
153.7 167.0 9.4 0.85
257.0 306.9 39.6 0.69
299.4 306.9 7.5 1.29
06-12 219.0 243.0 24.0 0.81
278.0 292.0 14.0 1.00
343.0 355.0 12.0 0.44
385.0 397.1 12.1 0.85
457.0 466.7 9.7 0.67
519.0 582.0 63.0 1.40
06-13 102.3 175.0 72.7 1.19
179.0 228.0 49.0 1.13
243.0 260.0 17.0 1.00
06-14 113.6 167.0 53.4 2.43
172.0 250.0 78.0 0.92
309.5 318.0 8.5 1.23
06-15 127.0 133.0 6.0 0.84
146.0 260.0 114.0 1.84
289.0 301.0 12.0 0.35
308.0 314.0 6.0 2.55
322.0 340.0 18.0 0.45
354.0 362.0 7.0 1.34
365.0 378.0 13.0 0.35
-****-
These drill results confirm the presence of widespread low grade gold mineralization at Magino, consistent with Kodiak's earlier modeling of Magino as a potential open-pit minable gold deposit. The drill holes reported here were all angle holes, therefore the depth below surface for these intercepts is 71% to 86% of the down hole distance, within the range of a potential open-pit mining operation. Data from these drill holes as well as all drilling completed between 2006 and 2010 by Golden Goose (21,897 metres) will be utilized in an updated resources estimate and Preliminary Economic Assessment for the project. Given the thickness and grade of these important intercepts, Kodiak expects the drill hole data to have a significant positive impact on the volume and grade of the updated resource estimate.
Assays are pending for drill holes 06-01 through 06-10; the data will be released when all QA/QC procedures have been completed and the data is properly interpreted.
The geological information for the Magino project has been reviewed and approved by Quentin J. Browne, Kodiak's Magino Project Manager, who is a qualified person under the definitions established by National Instrument 43-101. Kodiak QA/QC procedures are as follows: Kodiak channel samples are 5 cm wide cut perpendicular to the strike of the vein and/or shear zone from mapped alteration in the footwall continuously through the vein and/or shear zone and into mapped alteration in the hanging wall. Channels are cut with a motorized circular saw to a depth of 10 cm and removed with a hammer. Channel sample spacing is nominally every 20m along strike, dependent on outcrop size and geometry. Sample intervals are selected according to geologic contacts and visible mineralization, placed into a sample bag, and shipped to the assay lab for quantitative analysis of select elements. Kodiak drill cores are split down the center with a typical table feed circular rock saw or are split with a hydraulic slitting device. Sample intervals are selected according to geologic contacts, visible mineralization, and alteration, placed into sample bags and shipped to the assay lab where they are quantitatively analyzed for select elements. Drill cores are boxed, covered, and sealed at the drill rig and moved to the Kodiak logging and sample preparation facilities by Kodiak personnel. Kodiak angle core holes are directed perpendicular to the mapped dip of the vein therefore reported drill hole intercepts approximate true thickness of the vein. All Kodiak samples are currently being assayed by Chemex ALS, 2090 Riverside Dr.,Timmins, ON P4R 0A2. Blank and standard samples are routinely submitted with all sample batches sent to the lab for assay. Samples are routinely sent to other labs for additional checks.
On behalf of the Board of Directors
Brian J. Maher