Not VIA related but...Seeing as things are slow here, i thought I would post a news release from SOI and their partner GOG, just for comparison sake. I know this is not in the Elenore area but close.If anyone has any objections to this posting of other companies here, say the word and I will post no more non VIA related articles.
Golden Tag Reports New Gold Showing Found on Aquilon Property, James Bay, Quebec
7/29/04
MONTREAL, QUEBEC, Jul 29, 2004 (CCNMatthews via COMTEX) --
Golden Tag Resources Ltd.(GOG: TSX-VE) (the "Company") is pleased to announce very positive results from an initial evaluation program on the Aquilon Property in James Bay, Quebec where the Company can earn a 60% interest in the Property from Sirios Resources Inc. and SOQUEM Inc. (see Golden Tag news release of November 20, 2003 for details).The purpose of the program was to review the geological setting of known auriferous zones and to prospect promising new exploration targets. Several grab samples were taken over historical showings and returned assays of greater than100 g/T Au. Prospecting to the east of previous work has identified a new gold showing - the Red Toad showing - which returned significant assays in two grab samples, 1691 g/T Au and 153 g/T Au.
Known showings were examined and several were sampled during the program yielding the following results:
------------------------------------------------------------------- Showing Sample Width Grade Width Grade Type (m) (g/T Au) (ft) ozAu/t------------------------------------------------------------------- Fleur-de-Lys Grab n/a 694 n/a 20.24------------------------------------------------------------------- Channel 0.54 521 1.8 15.20------------------------------------------------------------------- Moman Grab n/a 216 n/a 6.30------------------------------------------------------------------- Lingo-Nord Grab n/a 1213 n/a 35.38------------------------------------------------------------------- Isabelle Grab n/a 299 n/a 8.72------------------------------------------------------------------- Muscovite Grab n/a 8.04 n/a 0.23------------------------------------------------------------------- Du Loup Grab n/a 75.3 n/a 2.20------------------------------------------------------------------- Sortileges Dores Grab n/a 64.5 n/a 1.88------------------------------------------------------------------- Note: T = metric tonne, t = short tonThe Company is also pleased to report that several new high-gradegold occurrences were found during prospecting near these knownshowings. The best results are listed below:------------------------------------------------------------------- Proximity Sample Width Grade Width Grade Type (m) (g/T Au) (ft) ozAu/t------------------------------------------------------------------- East of Grenouille 1 Grab n/a 3.81 n/a 0.11------------------------------------------------------------------- Grab n/a 21.4 n/a 0.62------------------------------------------------------------------- Rumba Grab n/a 6.39 n/a 0.19------------------------------------------------------------------- Grab n/a 4.21 n/a 0.12------------------------------------------------------------------- East of Lingo Grab n/a 5.7 n/a 0.17-------------------------------------------------------------------These results extend the previously known mineralization trend withinthese areas.During the course of the program, the Company found a new high-gradegold showing - Red Toad Showing - located approximately 500 meters tothe east of the bulk of previous trenching work conducted on theproperty. A more continuous series of quartz veins anomalous in goldhas been traced over a 500-meter strike length within a largeintrusive tonalite in this area. The tonalite lies within the easternextension of the previously mapped and laterally extensive WolfFault. Significant results returned from this area include:-------------------------------------------------------------------- Showing Sample Width Grade Width Grade Type (m) (g/T Au) (ft) ozAu/t-------------------------------------------------------------------- Red Toad Grab n/a 1691 n/a 49.32-------------------------------------------------------------------- Grab n/a 153 n/a 4.46-------------------------------------------------------------------- Channel 0.8 8.38 2.6 0.24-------------------------------------------------------------------- Channel 0.5 2.95 1.6 0.09-------------------------------------------------------------------- Channel 0.33 2.19 1.1 0.06--------------------------------------------------------------------The Aquilon Project covers 6,370 hectares of a folded, highlydeformed greenstone belt hosting a felsic volcanic center withauriferous mineralization. Previous work conducted by SiriosResources Inc. and SOQUEM (1997-2003) outlined numerous relativelyshort, shallow-dipping high-grade (greater than 20 g/T Au) quartzveins within the 4 km x 400 meter NE-oriented Wolf Fault. Very highgold assays have been returned from some of these veins: 287.4 g/T Auover 2.3 m and 110.2 g/T Au over 3.49 m. Three main types ofmineralization have been reported on the property: 1) High-grade gold veins within felsic rocks along the Wolf Fault: Lingo, Grenouille I-II, Moman, Fleur-de-Lys, MA-1, Ete Indien, Muscovite, Isabelle, Elle, Nouska, Z-1, Norvin and Samba showings. 2) Low-grade gold-copper-zinc disseminated sulfide associated with formational geophysical conductors: Sortileges Dores, Small Moose, Choco, Blueberry Wolf, SL, and Chicoutai showings 3) Auriferous disseminated sulfides and quartz veins in mafic volcanic rocks injected by felsic dikes in the hinge of megafolds: Sortileges Dores showings.
The Company is currently planning an exploration program on the property, specifically within the Red Toad area where vein continuity, structure and the geological setting of mineralization appears to be most favourable. The property is readily accessible year-round by a gravel road which services the Laforge-1 hydroelectric dam.
The exploration program was conducted and supervised by Qualified Persons David Rigg, M.Sc.,P.Geo. Bruce Robbins, M.Sc.A. P.Geo. and Harold Desbiens, M.Sc. P.Geo. Samples were assayed by ALS Chemex Labs of Val d'Or and included analysis of standard and blank samples for QA/QC purposes. Channel samples were extracted between parallel diamond saw cuts taken perpendicular to the veins. Due to the high-grade nature of the mineralization metallic screen assays (Au-SCR21) were run on samples containing visible gold. Samples lacking visible gold were assayed by 30gm fire assay methods with Atomic Adsorption analyses finish and repeated with gravimetric finish in case of significant results.
Golden Tag Resources Ltd. is a Montreal based Canadian Mineral Exploration Company trading on the TSX Venture Exchange on a continuous basis since 1982. The company currently has 12.7 million shares issued and outstanding.
On behalf of the Board of Directors,
Signed by : Marc A. Carrier
Marc A. Carrier, President