Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

ProShares Hedge Replication ETF V.HDG


Primary Symbol: HDG

The investment seeks investment results, before fees and expenses, that track the performance of the Merrill Lynch Factor Model-Exchange Series (the benchmark). The fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance of the benchmark. The benchmark seeks to provide the risk and return characteristics of the hedge fund asset class by targeting a high correlation to the HFRI Fund Weighted Composite Index (the HFRI). The HFRI is designed to reflect hedge fund industry performance through an equally weighted composite of over 2000 constituent funds. The fund is non-diversified.


ARCA:HDG - Post by User

Post by AimHigh8on Aug 16, 2011 10:02am
445 Views
Post# 18946752

High Desert News!

High Desert News!Talk about Size potential here....every hole drilled to-date has encountered gold....market sure likes the release....

High Desert Gold Corporation

August 16, 2011 08:30 ET

High Desert Gold Reports Strong Results From Initial Drilling at Gold Springs

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 16, 2011) -High Desert Gold Corporation ("HDG" or the "Company") (TSXVENTURE:HDG)(PINK SHEETS:HDGCF) is pleased to announce results from therecently completed reverse-circulation ("RC") drill program on the GoldSprings project at which the Company, together with its 40% partnerPilot Gold Inc., has a 27 sq. km land position in Lincoln County, Nevadaand Iron County, Utah. The Company completed 17 RC holes on three ofthe 18 exploration targets that have been identified on the property bycompany geologists. All holes intersected gold and silver mineralizationand demonstrated continuity of the mineralization laterally and withdepth.

Intercepts from the three partially drilled targets include the following:

Target Hole # Thickness (Metres) Gold Equivalent*
(g/t)
These results are within larger mineralized intercepts:
Thor Thor-11-02 3.1 5.69 15 metres @ 2.23 g/t AuEq
Gray Eagle GE-11-08 12.19 1.47 41 metres @ 0.62 g/t AuEq
Homestead HS-11-03 9.14 1.68 46 metres @ 0.49 g/t AuEq
*Gold Equivalent ("AuEq") was developed using a gold to silver price ratio of 40:1 and 100% metallurgical recovery is assumed

All targets drilled exhibited plus-one gram per tonnemineralization at surface and all holes located mineralization at depth.Of the 18 large targets, all of which include samples with plus-onegram per tonne gold mineralization at surface, seven have now beenpartially drilled including the Jumbo Zone (see HDG PR10-14, August 19,2010). Drilling of the other targets will be planned once drillingpermits have been obtained.

Ralph Fitch, President of the Company stated, "The one-to-onecorrelation obtained to date, with gold mineralization at depthrelating to gold from surface samples, bodes well for the development ofthe project where we have outlined 18 target areas encompassingapproximately 4 square km, all with strong surface sampling results. TheRC program on these three new targets followed last year's successfuldrilling on the Jumbo Zone where intervals up to 169 metres of 0.6 g/tAuEq, including 48 metres of greater than one g/t gold-equivalent, wereintersected."

Thor

At the Thor System, mineralization intersected to date is inhigh grade veins, including 2.3metres at 9 g/t AuEq and 3m @ 5.7 g/tAuEq. Three holes have been drilled to date; Thor-11-01 throughThor-11-03. (Thor-11-03 did not reach the main target). These holes,together with outcrop, indicate an open extent on this vein system of200 metres and an open depth extent of approximately 100 metres. Many ofthe historically mined vein systems in the district extendapproximately one kilometre in strike length.

Hole # Target From
(Metres)
To
(Meters)
Thickness
(Metres)
Au
g/t
Ag
g/t
Gold
Equivalent
Thor-11-01* 108.20 110.49 2.29 7.7 52.5 9.01
Thor-11-02 Thor 35.05 50.29 15.24 1.32 36.73 2.24
including 36.58 39.62 3.04 3.47 88.65 5.69
including 42.68 45.72 3.04 2.29 42.0 3.34
Thor-11-03 Thor 65.53 70.10 4.57 1.23 32.17 2.04
*Previously reported (see HDG PR11-11, July 12, 2011)

Gray Eagle

At Gray Eagle, mineralization occurs in vein swarms andstockworks leading to wider intervals of gold mineralization such as41.15 m @ 0.63 g/t AuEq in GE-11-08 which also includes a high gradevein interval of 4.6 m @ 3.2 g/t AuEq. Ten holes were completed on thistarget in this RC program. These holes explored approximately 200 metresof strike of the system to a maximum depth of 150 metres. On surfacethe system can be followed for 1.5 km before going under cover.

Hole # Target From
(Metres)
To
(Metres)
Thickness
(Metres)
Au
g/t
Ag
g/t
Gold
Equivalent
GE-11-01 Gray Eagle 6.1 30.48 24.38 0.35 6.34 0.51
GE-11-02 Gray Eagle 6.1 44.2 38.1 0.44 6.87 0.61
including 6.1 15.24 9.14 0.75 8.17 0.96
GE-11-03 Gray Eagle 7.62 53.34 45.72 0.37 4.22 0.48
including 7.62 21.34 13.72 0.9 8.0 1.10
GE-11-04 Gray Eagle 9.14 19.81 10.67 1.23 15.36 1.61
GE-11-05 Gray Eagle 18.29 33.53 15.24 0.61 8.3 0.82
GE-11-06 Gray Eagle 19.81 50.29 30.48 0.32 7.9 0.52
GE-11-07 Gray Eagle 16.76 59.44 42.68 0.32 5.08 0.44
including 16.76 21.33 4.57 0.93 16.0 1.33
GE-11-08 Gray Eagle 7.62 48.77 41.15 0.50 5.23 0.63
including 36.58 48.77 12.19 1.2 10.9 1.47
including 44.1 48.77 4.67 2.71 19.83 3.20

Homestead

The mineralization at Homestead is similar to Gray Eagle andincludes wide intervals of gold mineralization such as 46 metres @ 0.49g/t AuEq including a high grade vein interval of 3 metres of 3.8 g/tAuEq. Five holes were drilled on this target, of which two collapsed anddid not reach the target zone. Drill holes tested approximately 100metres of strike to a depth of 100 metres.

Hole # Target From
(Metres)
To
(Metres)
Thickness
(Metres)
Au
g/t
Ag
g/t
Gold
Equivalent
HS-11-01 Homestead 9.14 24.38 15.24 0.36 2.55 0.43
HS-11-03 Homestead 6.10 51.82 45.72 0.425 2.6 0.49
including 42.67 51.82 9.14 1.52 6.25 1.68
including 47.25 50.29 3.05 3.48 11.0 3.75
HS-11-05 Homestead 45.72 59.44 13.73 0.66 4.2 0.76
including 45.72 51.82 6.1 0.96 5.3 1.09

Jumbo

Jumbo also includes both wide intervals of goldmineralization and higher grade intervals. A total of 28 holes have nowbeen completed on this zone and were previously reported. HDG's lastdrill program here in 2010 included:

J-10-4: 169 metres of 0.6 g/t AuEq including 48 metres of greater than one g/t AuEq
J-10-3: 98 metres of 0.63 g/t AuEq including 49 metres of greater than one g/t AuEq

Mineralization here has now been followed over 700 metresalong strike and to a depth of 200 metres and is still open both alongstrike and to depth.

The approximate true thickness of all of the drill holes quoted in this release is 70% of the intercept length.

The Gold Mineralization

Gold mineralization occurs within a Low Sulphidationepithermal gold and silver system within North, North-East andNorth-West trending veins flanking a caldera complex.

Strong gold mineralization within the drill holes is associated with the following:

  • Veins consisting of quarts-adularia+/-calcite+/-fluorite
  • Strong silicification of Andesite
  • Stockwork veins within Andesite
  • Breccia zones with Andesite fragments cemented by silica, and
  • Sericite+clay altered and hematite/jarosite stained Andesite

The highest grades of gold noted in this drill program areassociated with veins consisting of quartz+calcite and quartz+adularia.

Holes completed thus far have only tested shallow portions ofthe various vein systems. Deeper holes may be required to intersect anybonanza type mineralization sometimes found in Low Sulphidation goldsystems.

HDG is very encouraged by the results from this drill programand has high expectations for future drilling for extensions of knownmineralization and on the 11 new targets that have yet to be drilltested. Further potential also exists once follow up has been completedon the successful ZTEM geophysical survey (see HDG PR11-11, July 12,2011).

These results demonstrate that Gold Springs is developinginto an important new gold district with every hole drilled to date byHDG and its predecessors having encountered gold.

<< Previous
Bullboard Posts
Next >>