News: GGR drills 17.5 m of 1.48% NickelGGR.VN: Golden Goosehttps://www.stockwatch.com/swnet/newsit/newsit_newsit.aspx?bid=B-688472-C:GGR&symbol=GGR&news_region=C
Get ready for a GCR-type run (GCR had 1.14% Nickel over 72.5 metres)
-GGR’s third nickel find/news release in two weeks. AND--last week, Pinetree bought another 3% of GGR shares for a total of 8.7% of all GGR shares.
-Trading at only $1.09 with only 36 million shares out (versus GCR’s 67 million)
-Has multiple properties, including gold.
-And GGR is filing a resource estimate within 2 weeks!
-A pick of mightystocks.com
Golden Goose drills 17.5 m of 1.48% Ni at Lac Levac
2007-05-17 16:05 ET - News Release
Mr. Jean-Marc Lacoste reports
GOLDEN GOOSE RESOURCES ANNOUNCES NEW NICKEL DRILLING RESULTS ON ITS LAC LEVAC PROPERTY
Golden Goose Resources Inc. has completed a 2,500-metre drilling program on its Lac Levac property, located in the James Bay region, 40 kilometres northeast of Nemiscau, Que.
In total, 10 holes were drilled, covering a distance of approximately 450 metres on a four-kilometre-long east-west geophysical anomaly. Several significant nickel intersections were encountered. The most significant intersection was 17.5 metres at 1.48 per cent nickel and 0.42 per cent copper in hole TF-05-07. The best new results include 1.69 per cent nickel and 0.77 per cent copper (Cu) over 2.5 metres and suggest continuity of the mineralization. The interval widths given are the core lengths. The true widths of mineralized intervals have not yet been determined.
The mineralized zones are composed of massive to disseminated sulphide in an ultramafic rock identified as serpentinite and peridotite units with spinifex horizon. Sulphide mineralization with significant nickel content is open on the east side and at depth.
Drill From To Length Ni% Cu% Co% Pt Pd
hole (m) (m) (m) (g/t) (g/t)
TF-04-07 125.4 132.4 7.0 1.05 0.49 0.071 0.20 1.53
TF-05-07 187.0 190.0 3.0 1.36 0.52 0.061 0.44 1.03
and 192.0 209.5 17.5 1.48 0.42 0.087 0.26 1.1
TF-06-07 154.5 156.0 1.5 1.08 0.35 0.070 0.09 0.79
TF-07-07 106.7 108.7 2.0 1.17 0.28 0.069 0.23 0.94
TF-08-07 129.0 133.0 4.0 1.07 0.31 0.071 0.04 0.76
and 118.0 121.0 3.0 0.63 0.11 0.039 0.08 0.25
TF-09-07 188.3 190.3 2.0 0.84 0.61 0.044 0.19 0.54
TF-10-07 177.4 179.4 2.0 0.62 0.05 0.026 0.11 0.33
TF-12-07 minor nickel mineralization
TF-13-07 158.0 160.5 2.5 1.69 0.77 0.090 0.14 1.19
TF-15-07 61.8 63.3 1.5 0.43 0.73 0.022 0.13 0.65
Note: TF-11-07 was postponed to the next drilling program, TF-14-07 was
an if required hole and was cancelled, the first three holes of the
campaign (TF-01-07, TF-02-07 and TF-03-07) were drilled on separate
anomalies in other parts of the property and encountered minor nickel
mineralization. Analyses were done by Accurassay Laboratories, Thunder
Bay, Ont. It used fire assay and aqua regia methods.
Because of these significant drilling results, Golden Goose has retained a geophysical firm to conduct an in-hole pulse electromagnetic survey to further define the size and shape of the mineralized zones. Survey results will be used to plan the next drilling campaign. The geophysical survey will start on May 20, 2007.
Golden Goose has mandated RSW Inc. to produce a National Instrument 43-101 resource estimate on the nickel zone of its Lac Levac property. The report is expected to be released in June, 2007.
Permitting to construct an access road has begun to enable better access for further drilling later this year.
Golden Goose continues to drill at the Magino gold property in Northwest Ontario. Additional results are expected shortly.
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Pinetree Capital Ltd
Symbol PNP
Shares Issued 96,057,248
Close 2007-05-10 C$ 13.95
Recent Sedar Documents
Pinetree plucks up 8.7% of Golden Goose's shares
2007-05-11 10:43 ET - News Release
Also News Release (C-GGR) Golden Goose Resources Inc
Mr. Larry Goldberg of Pinetree reports
PINETREE CAPITAL LTD. ACQUIRES COMMON SHARES OF GOLDEN GOOSE RESOURCES LTD.
Pinetree Capital Ltd., through a series of transactions ending on May 10, 2007, acquired ownership of 1,317,600 common shares of Golden Goose Resources Ltd. through the facilities of the TSX Venture Exchange representing approximately 3.0 per cent of the total issued and outstanding common shares of Golden Goose as of May 10, 2007.
As a result of this transaction, Pinetree and its joint actors collectively held, as at May 10, 2007, a total of 4,134,600 common shares of Golden Goose and rights to acquire an additional 250,000 common shares of Golden Goose upon the exercise of convertible securities. Of these totals, Pinetree owns a total of 3,534,600 common shares and convertible securities exercisable into an additional 250,000 common shares of Golden Goose. In the event that the convertible securities are fully exercised, the holdings of Pinetree and its joint actors represents a total of 4,384,600 common shares of Golden Goose, or approximately 10.0 per cent of all issued and outstanding common shares as at May 10, 2007, calculated on a partially diluted basis assuming the exercise of the convertible securities only. In the event that only the 250,000 convertible securities held directly by Pinetree are fully exercised, Pinetree's direct holdings would represent approximately 8.7 per cent of all issued and outstanding common shares of Golden Goose as of May 10, 2007, calculated on a partially diluted basis assuming the exercise of the 250,000 convertible securities only.
These transactions were made for investment purposes and Pinetree and each of its joint actors could increase or decrease their respective investments in Golden Goose depending on market conditions or any other relevant factor.
We seek Safe Harbor.