Knicklehead writes for GAI website
GOLDEN ARCH RESOURCES
SILVER MAYBE THE NEW GOLD
The recent surge in base metal prices has warranted a re-evaluation of our Abbott Wagner silver/lead/zinc property located in southeastern
British Columbia’s Slocan Valley. Golden Arch holds a 100% interest in this property which has seen intermittent exploration for many years.
There are three adits on the claims. As this part of B.C. is mountainous with heavy snowfall, an exploration program is planned for late Spring. The work includes re-opening the adits to access known mineralization for re-sampling in order to verify previous resource estimates.
The ore is considered direct-shipping ore as the mineralization is known to grade between 11% and 16% combined lead-zinc and approximately 10 oz silver per/tonne. Plans call for it to be shipped to the Teck Cominco smelter at Trail, southeast B.C. As a seasonal operation,it could be in production for about seven months a year.
Golden Arch will have an NI 43 -101 compliant resource estimation prepared and it is hoped that a production decision can be made by
summer, 2006.
Production Plans you say there knucklehead? Before, that happens don't you have to have to buy and pay for the 70% of property that you don't own any more?
Message to knucklehead: Speak to Mr. Simpson
1985-02-11 03:00 ET - Acquisition
Mr. J.H. Simpson reports:
Turner Energy & Resources Ltd. (GAI) announces that it has acquired a 100% working interest in the Wagner prospect, subject to regulatory approval. Mikado Resources Ltd. (SVV) may earn a 70% interest in the Wagner prospect by funding the first year's work program and committing to a further minimum of $200,000 of expenditures on the property in 1986.