|By PR Newswire||
|November 21, 2012 04:37 PM EST||
MONTREAL, Nov. 21, 2012 /CNW Telbec/ - Maudore Minerals Ltd. ("Maudore" or, the "Company") (MAO: TSX-Venture; MAOMF: US OTC; M6L: Frankfurt Exchange), today announced the addition of new gold assays to the Osbell Mineral Resource Estimate area (NR 29 October 2012), Greer Prospect (NR 25 June 2012), and also reports first results from the evolving Mafic North (formerly Magnetic Gabbro) area.
Osbell Gold Assays
The Osbell Deposit (also known as Comtois Deposit) is located around 15kms from Lebel-sur-Quevillon, around 150kms north of Val-d'Or in the James Bay administrative region of Quebec.
Maudore continues to report gold assays as they arrive from 50 drill holes (25,119m) completed at Osbell since the 13 August 2012 cut-off date for the updated Mineral Resource Estimate (NR 29 October 2012) of the Osbell Deposit:
|8,463,800 Tonnes @ 2.0 g/t Au for 546,299 oz Au Indicated,|
|8,115,800 Tonnes @ 4.8 g/t Au for 1,258,990 oz Au Inferred.|
"The results validate our drilling and assay protocols that we established over the past few months. Our meticulous approach is proving its value, and we are very encouraged by the results," said CEO Dr. Howard Carr. "We will continue to focus on further delineation of the deposits as we move forward with our exploration plans", he added.
New gold assays greater than 3.0 g/t gold obtained from the Comtois Property, Osbell Resource include:
- 57.7 g/t gold over 0.5m (COM-12-896C), from 282.0 to 282.5m, included within 19.4 g/t gold over 1.5m from 282.0 to 283.5m, Osbell, section 1587 E;
- 9.0 g/t gold over 0.5m (COM-12-896C), from 344.0 to 344.5m, Osbell, section 1587 E;
- 8.1 g/t gold over 0.5m (COM-12-896C), from 383.0 to 383.5m, included within 5.2 g/t gold over 1.0m from 382.5 to 383.5m, Osbell, section 1587 E;
- 19.7 g/t gold over 1.0m (COM-12-896C), from 561.5 to 562.5m, included within 8.0 g/t gold over 2.5m from 561.5 to 564.0m, Osbell, section 1587 E;
- 9.7 g/t gold over 0.9m (COM-12-896C), from 741.0 to 741.9m, included within 2.5 g/t gold over 7.0m from 736.5 to 743.5m, Osbell, section 1587 E;
- 8.5 g/t gold over 1.5m (COM-12-885B), from 1341.5 to 1343.0m, included within 6.5 g/t gold over 2.0m from 1341.0 to 1343.0m, Osbell, section 2150 E;
- 22.9 g/t gold over 1.2m (COM-12-890A), from 1231.8 to 1233.0m, Osbell, section 2175 E;
- 16.0 g/t gold over 0.6m (COM-12-890D), from 1199.1 to 1199.7m, included within 8.9 g/t gold over 1.1m from 1199.1 to 1200.2m, Osbell, section 2175 E;
- 2.4 g/t gold and 1.6% Zn over 1.5m (COM-12-906A), from 901.0 to 902.5m, included within 0.1 g/t gold and 0.23% Zn over 170.8m from 866.1m to 1036.9m, Osbell, section 2278 E.
These assay results show Osbell has multiple gold-bearing units in some sections, as demonstrated by five gold-bearing intersections in one drill hole (COM-12-896C). Deep drilling confirms the gold mineralizing system continues with depth. More drilling is required to locate high-grade lenses beneath the deposit.
Greer Gold Assays
The Greer Gold Occurrence is located 1.9kms southwest of the Osbell Resource Area (also reported as "Osborne Eastern Extension"). Maudore is pleased to report two significant gold intercepts from drill hole COM-12-895:
- 38.7 g/t gold over 0.5m from 347.8 to 348.3m and 4.1 g/t gold over 0.6m from 350.0 to 350.6m, both included within 3.6 g/t gold over 7.6m from 346.5m to 354.1m, Greer section G1700E.
Maudore will review and rank gold prospects near Osbell and follow up on targets that will add nearby ounces in the short term.
Mafic North (Magnetic Gabbro) Area
Gold assays from the top of deep drill holes, first in Magnetic Gabbro north of the Osbell deposit, and later in other mafic rocks, has resulted in a new exploration area now called Mafic North Area. The area, 250m north of the Osbell deposit, is mapped as a magnetic high, which is due to magnetite-bearing gabbroic intrusive and mafic volcanic rocks.
Drilling results over 3.0 g/t gold obtained from the Comtois Property, Mafic North Area include:
- 5.2 g/t gold over 1.5m (COM-12-903), from 136.0 to 137.5m, included within 2.9 g/t gold over 3.0m from 136.0 to 139.0m, Section 1475E;
- 15.4 g/t gold over 0.5m (COM-12-903), from 404.5 to 405.0m, included within 7.9 g/t gold over 1.0m from 404.5 to 405.5m, Section 1475E;
- 35.9 g/t gold over 1.5m (COM-12-909), from 456.1 to 457.6m, included within 14.3 g/t gold over 3.9m from 456.1 to 460.0m, Section 1587E;
The significance of discovering a new gold zone like Mafic North so close and partly within the Osbell whittle pit, is the positive impact it could have on the current Osbell Mineral Resource Estimate.
|OSBELL RESSOURCES AREA|
|Drill Hole||Section||From (m)||To (m)||Core length (m)||Gold (g/t Au)||High grade interval||Weighted average|
|COM-12-896C||1587E||282||282.5||0.5||57.7||57.7 g/t Au over 0.5m||19.4 g/t Au over 1.5m|
|344||344.5||0.5||9||9.0 g/t Au over 0.5m|
|382.5||383||0.5||2.2||5.2 g/t Au over 1.0m|
|383||383.5||0.5||8.1||8.1 g/t Au over 0.5m|
|561.5||562.5||1||19.7||19.7 g/t Au over 1.0m||8.0 g/t Au over 2.5m|
|736.5||738||1.5||1.1||2.5 g/t Au over 7.0m|
|741||741.9||0.9||9.7||9.7 g/t Au over 0.9m|
|COM-12-885B||2150E||1341||1341.5||0.5||0.4||6.5 g/t Au over 2.0m|
|1341.5||1343||1.5||8.5||8.5 g/t Au over 1.5m|
|COM-12-890A||2175E||1231.8||1233||1.2||22.9||22.9 g/t Au over 1.2m|
|COM-12-890D||2175E||1199.1||1199.7||0.6||16||16.0 g/t Au over 0.6m||8.9 g/t Au over 1.1m|
|COM-12-906A||2278E||901||902.5||1.5||2.4||2.4 g/t Au and 1.6% Zn over 0.6m||0.1 g/t Au and 0.23% Zn over 170.8m|
|GREER (POTENTIAL EASTERN EXTENSION) AREA|
|Drill Hole||Section||From (m)||To (m)||Core length||Gold (g/t Au)||High grade interval||Weighted average|
|COM-12-895||G1700E||346.5||347.8||1.3||0.8||3.6 g/t Au over 7.6m|
|347.8||348.3||0.5||38.7||38.7 g/t Au over 0.5m|
|350||350.6||0.6||4.1||4.1 g/t Au over 0.6m|
|MAFIC NORTH AREA|
|Drill Hole||Section||From (m)||To (m)||Core length||Gold (g/t Au)||High grade interval||Weighted average|
|COM-12-903||1475E||136||137.5||1.5||5.2||5.2 g/t Au over 1.5m||2.9 g/t Au over 3.0m|
|404.5||405||0.5||15.4||15.4 g/t Au over 1.5m||7.9 g/t Au over 1.0m|
|COM-12-909||1587E||456.1||457.6||1.5||35.9||35.9 g/t Au over 1.5m||14.3 g/t Au over 3.9m|
Quality Assurance and Quality Control (QA/QC)
Maudore's exploration program is supervised by Alain Carrier, M.Sc., P.Geo., of InnovExplo Inc., a consulting firm based in Val-d'Or, Quebec. Alain Carrier is a Qualified and Independent Person as defined under Regulation 43-101 guidelines. Comtois exploration is conducted under strict QA/QC protocols, including mineralized standards, blanks and field duplicates. Half of all sampled core is retained for future reference and assaying is performed by ALS Chemex laboratories in Val-d'Or and Timmins, Ontario (fire assay with AA finish and gravimetric finish for results above 3 g/t Au).
Kevin Kivi, P.Geo., Maudore's Chief Consulting Geologist, approves the technical content of this press release.
About Maudore Minerals Ltd.:
Maudore Minerals Ltd. ("Maudore") is a Canadian-based gold exploration Company controlling around 96,000ha (960km2 or 370 sq. miles) of claims dominated by gold-prospective Abitibi Greenstone belt in northwestern Quebec. Maudore owns 100% of the Comtois Gold Project defined by a continually expanding resource, solid grades and excellent metallurgical attributes. Infrastructure is excellent:
- North America's lowest cost power
- Abundant water
- Mining-oriented local community and workforce.
Quebec is consistently ranked among the best locations worldwide for
mineral exploration and development.
Cautionary Statement Regarding Forward-Looking Statements
This release contains forward-looking statements. All statements that are not clearly historical in nature or that necessarily depend on future events are forward-looking, and the words "anticipate," "believe," "expect," "estimate," "plan," and similar expressions are generally intended to identify forward-looking statements. These statements are inherently uncertain and actual achievements of the Company or other future events or conditions may differ materially from those reflected in the forward-looking statements due to a variety of risks, uncertainties and other factors, including, without limitation, financial related risks, unstable gold and metal prices, operational risks including those related to title, operational hazards, unexpected geological situations, unfavorable mining conditions, changing regulations and governmental policies, failure to obtain required permits and approval from government authorities, failure to obtain required financing, dependence on key personnel and environmental risks. It is recommended not to place undue reliance on forward-looking statements as the plans, intentions or expectations upon which they are based might not occur. The Company does not assume any obligation to update any forward-looking statements contained in this release, except as required by applicable law.
The TSX Venture Exchange has not reviewed this release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Maudore Minerals Ltd.
Image with caption: "Figure shows the relative location of Osbell Deposit to Greer and Mafic North prospects, on total field magnetics with structural interpretation. (CNW Group/Maudore Minerals Ltd.)". Image available at: http://photos.newswire.ca/images/download/20121121_C2433_PHOTO_EN_21042.jpg
The Internet of Things is in the early stages of mainstream deployment but it promises to unlock value and rapidly transform how organizations manage, operationalize, and monetize their assets. IoT is a complex structure of hardware, sensors, applications, analytics and devices that need to be able to communicate geographically and across all functions. Once the data is collected from numerous endpoints, the challenge then becomes converting it into actionable insight.
Sep. 1, 2015 01:00 PM EDT
With the proliferation of connected devices underpinning new Internet of Things systems, Brandon Schulz, Director of Luxoft IoT – Retail, will be looking at the transformation of the retail customer experience in brick and mortar stores in his session at @ThingsExpo. Questions he will address include: Will beacons drop to the wayside like QR codes, or be a proximity-based profit driver? How will the customer experience change in stores of all types when everything can be instrumented and a...
Sep. 1, 2015 12:45 PM EDT Reads: 473
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Sep. 1, 2015 12:30 PM EDT Reads: 909
This Enterprise Strategy Group lab validation report of the NEC Express5800/R320 server with Intel® Xeon® processor presents the benefits of 99.999% uptime NEC fault-tolerant servers that lower overall virtualized server total cost of ownership. This report also includes survey data on the significant costs associated with system outages impacting enterprise and web applications. Click Here to Download Report Now!
Sep. 1, 2015 12:30 PM EDT Reads: 255
Enterprises can achieve rigorous IT security as well as improved DevOps practices and Cloud economics by taking a new, cloud-native approach to application delivery. Because the attack surface for cloud applications is dramatically different than for highly controlled data centers, a disciplined and multi-layered approach that spans all of your processes, staff, vendors and technologies is required. This may sound expensive and time consuming to achieve as you plan how to move selected applicati...
Sep. 1, 2015 12:30 PM EDT
Consumer IoT applications provide data about the user that just doesn’t exist in traditional PC or mobile web applications. This rich data, or “context,” enables the highly personalized consumer experiences that characterize many consumer IoT apps. This same data is also providing brands with unprecedented insight into how their connected products are being used, while, at the same time, powering highly targeted engagement and marketing opportunities. In his session at @ThingsExpo, Nathan Trel...
Sep. 1, 2015 12:15 PM EDT Reads: 248
Whether you like it or not, DevOps is on track for a remarkable alliance with security. The SEC didn’t approve the merger. And your boss hasn’t heard anything about it. Yet, this unruly triumvirate will soon dominate and deliver DevSecOps faster, cheaper, better, and on an unprecedented scale. In his session at DevOps Summit, Frank Bunger, VP of Customer Success at ScriptRock, will discuss how this cathartic moment will propel the DevOps movement from such stuff as dreams are made on to a prac...
Sep. 1, 2015 12:00 PM EDT Reads: 237
In 2014, the market witnessed a massive migration to the cloud as enterprises finally overcame their fears of the cloud’s viability, security, etc. Over the past 18 months, AWS, Google and Microsoft have waged an ongoing battle through a wave of price cuts and new features. For IT executives, sorting through all the noise to make the best cloud investment decisions has become daunting. Enterprises can and are moving away from a "one size fits all" cloud approach. The new competitive field has ...
Sep. 1, 2015 11:51 AM EDT
Organizations from small to large are increasingly adopting cloud solutions to deliver essential business services at a much lower cost. According to cyber security experts, the frequency and severity of cyber-attacks are on the rise, causing alarm to businesses and customers across a variety of industries. To defend against exploits like these, a company must adopt a comprehensive security defense strategy that is designed for their business. In 2015, organizations such as United Airlines, Sony...
Sep. 1, 2015 11:45 AM EDT Reads: 490
Through WebRTC, audio and video communications are being embedded more easily than ever into applications, helping carriers, enterprises and independent software vendors deliver greater functionality to their end users. With today’s business world increasingly focused on outcomes, users’ growing calls for ease of use, and businesses craving smarter, tighter integration, what’s the next step in delivering a richer, more immersive experience? That richer, more fully integrated experience comes ab...
Sep. 1, 2015 11:45 AM EDT Reads: 672
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies leverage disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 17th Cloud Expo, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advance...
Sep. 1, 2015 11:45 AM EDT Reads: 318
As more and more data is generated from a variety of connected devices, the need to get insights from this data and predict future behavior and trends is increasingly essential for businesses. Real-time stream processing is needed in a variety of different industries such as Manufacturing, Oil and Gas, Automobile, Finance, Online Retail, Smart Grids, and Healthcare. Azure Stream Analytics is a fully managed distributed stream computation service that provides low latency, scalable processing of ...
Sep. 1, 2015 11:15 AM EDT Reads: 227
Culture is the most important ingredient of DevOps. The challenge for most organizations is defining and communicating a vision of beneficial DevOps culture for their organizations, and then facilitating the changes needed to achieve that. Often this comes down to an ability to provide true leadership. As a CIO, are your direct reports IT managers or are they IT leaders? The hard truth is that many IT managers have risen through the ranks based on their technical skills, not their leadership ab...
Sep. 1, 2015 11:15 AM EDT Reads: 370
eCube Systems has released NXTmonitor, a full featured application orchestration solution. NXTmonitor, which inherited the code base of NXTminder, has been extended to support multi-discipline processes and will act as a DevOps utility in a heterogeneous enterprise environment. Previously, NXTminder was packaged with NXTera middleware to configure and manage Entera and NXTera RPC servers. “Since we are widening the focus of this solution to DevOps, we felt the need to change the name to NXTmon...
Sep. 1, 2015 11:15 AM EDT
Amazon and Google have built software-defined data centers (SDDCs) that deliver massively scalable services with great efficiency. Yet, building SDDCs has proven to be a near impossibility for ‘normal’ companies without hyper-scale resources. In his session at 17th Cloud Expo, David Cauthron, founder and chief executive officer of Nimboxx, will discuss the evolution of virtualization (hardware, application, memory, storage) and how commodity / open source hyper converged infrastructure (HCI) so...
Sep. 1, 2015 10:45 AM EDT