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ROSV Acquires Gold Prospect in World-Class Gold Region Click Here to Read the Featured Report about this Company
SASKATOON, SASKATCHEWAN -- (MARKET WIRE) -- 09/21/09 -- Rostock Ventures Corp. (OTCBB: ROSV) Rostock Ventures wishes to report that the company has acquired what management feels is a high impact gold prospect located in the Yukon, Canada. The property is approximately 3200 contiguous acres and has similar geological characteristics as recent gold discoveries in close proximity to this new prospect. This prospect lies within the globally prolific mining region call the Tintina Gold Belt. The Tintina Gold Belt hosts world-class deposits including Donlin Creek (29.3 M ozs Au Proven & Probable reserves), Fort Knox (3.8 M ounces P & P), Pogo (3.6 M ozs P & P), Dublin Gulch (2.7 M ozs Indicated resource); as well as past producers with remaining resources such as Brewery Creek (approximately 278,484 ozs produced, 145,000 ozs Indicated + 143,000 ozs Inferred Resources) and several advanced staged exploration projects including Freegold Mountain and White Gold. A work program on this new prospect is anticipated to commence shortly.
Management is excited to have this new high impact gold project that is in a world-class mining region, especially in the light of near all-time highs on gold prices right now. Also, management is still evaluating additional projects that may add value to the company.
Posts: 56 | Registered: Aug 2009
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looks like yesterday was a healthy consolidation day here guys, looking to finish up consolidation today
Posts: 3257 | From: usa | Registered: Nov 2008
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this dip here is definitely a nice opportunity to grab some cheapies imo, as it won't go much lower than this by looking at the chart imo
Posts: 3257 | From: usa | Registered: Nov 2008
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looking forward to at least a double from these levels short term but most likely a triple, should bounce hard from these levels imo
Posts: 3257 | From: usa | Registered: Nov 2008
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15 minute chart showing this way oversold here, should start to turn back up at some point today imo
Posts: 3257 | From: usa | Registered: Nov 2008
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looking forward to more info being released soon on the latest gold prospect, should provide much revenue for the company in the future
Posts: 3257 | From: usa | Registered: Nov 2008
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with the prices of gold being at all time highs and could go much higher, it seems that gold mining is the right sector to be in right now
Posts: 3257 | From: usa | Registered: Nov 2008
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ask getting some hits now, could start moving back up here, a push back over .30 would be nice
Posts: 3257 | From: usa | Registered: Nov 2008
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good recovery here yesterday going into the close off of the day's low, definitely seemed like buying pressure was coming in most of the afternoon
Posts: 3257 | From: usa | Registered: Nov 2008
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perfectly healthy consolidation the last couple days here, it seems like its about over and we should start moving up today imo
Posts: 3257 | From: usa | Registered: Nov 2008
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chart still showing bollies pretty tight and dipping into the oversold zone as well as with hammer candle it seems that this consolidation is just about done imo
Posts: 3257 | From: usa | Registered: Nov 2008
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ask looking very thin as usual here premarket, could run hard today with enough buying pressure
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getting some great ask hits so far right out of the gate this morning, won't take much to go green imo
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The Yellow Pine Mining District, although less famous than many of the other mining districtsof the Great Basin, nevertheless ranks second only to Tonopah in total Nevada lead and zinc production. During World War I this district was one of the most productive mineral producers in the west; but by the end of World War II only a few mines remained in operation.
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The favorable host rock for the indicated mineralization on the McVicar Lode Mining Claim is indicated as a limestone. Although information on the mineralization at the McVicar Mine is not known, the mineralization at the Root Mine within one mile to the northeast is reported as hydrozincite, calamine, and cerussite; galena occurs as residual pods in masses of cerussite. Production from the Root Mine is reported as 3,896,057 lbs of zinc, 858,055 lbs of lead 20,783 oz of silver, 44,002 lbs copper and 27 oz of gold.
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The Phase I exploration program on the McVicar Lode Mining Claim as outlined in the writer’s report Dated December 26, 2007 has been completed. The work was performed bu Multi Metal Mining Corp. and consisted of trenching and sampling over the known mineral zones on the McVicar Lode Mining Claim.
The McVicar Lode Mining Claim is comprised of one lacted claim with an area of 30 acres located in the Goodsprings (Yellow Pine) Mining Distric situated within the southwestern corner of the State of Nevada, USA. The McVicar Lode Mining Claim covers some former exploratory workings on a mineral showing.
The McVicar Lode Mining Claim is also situated on the easternmost portion of the Yellow Pine Mining District southern Nevada. Although less famous than many of the other mining districts of the Great Basin it nevertheless ranks second only to Tonopah in total Nevada lead and zinc production. During World War I this district was one of the most productive in the west, but by the end of World War II only a few mines remained in operation.
The region is known for its historic production of lead, silver and gold.
The favorable host rock for the indicated mineralization on the McVicar Lode Mining Claim is indicated to be a limestone. Although information on the mineralization of the McVicar mine is not known, the mineralization at the Root Mine within one mile to the northeast is reported as hydrozincite, calamine, and cerussite; galena occurs as residual pods in masses of cerussite. Production from the Root mine is reported as 3,896,057 LB zinc, 858,055 LB lead, 20,783 oz silver 44,002 lb copper and 27 oz gold.
As recommended in the writer’s December 26. 2006 report on the McVicar Lode Mining Claim, the objective of the Phase I exploration program was to trench and sample the known mineral zone to determine the geological controls and the nature of the mineralization. The trenching and the sampling were successfully complete by Multi Metal Mining Corp. whereupon the writer was provided with the exploration results upon which this report is based.
In completing the recommended Phase I program two trenches were established on the McVicar Lode Mining Claim in location of mineralization and as indicated on the accompanying map. The measurements of the Trench I and Trench II on the McVicar Lode Mining Claim are 30 feet long by three feet wide and two feet deep, and 35 feet long by three feet wide and two feet wide respectively.
Three grab samples were taken; one from the dump of an exploratory working of unknown dimensions, and one each from the two trenches. The samples were submitted for assay to Assayers Canada Laboratory in Vancouver, Canada. The samples were analyzed by a Multi-Element ICP-AES Analysis with the results.
Chart Here
Based on the results of the Phase I exploration program on the McVicar Lode Mining Claim, the writer concludes that the program was successful in that the mineralization and the sampling results from the dump of the McVicar Lode Mining Claim returned encouraging assay results that are indicative of potentially economic zones of mineralization. The dump sample showing mineral values of 10.25% Zn indicates a mineral zone with significant zinc values that was intersected by a tunnel. Lower zinc mineral zone samples taken from indicated mineral zones exposed by the two trenches suggest that parallel zones of structurally controlled mineral zones may occur in the area.
Phase II of the exploration program, as recommened in the writers December 26, 2006 report on the McVicar Lode mining Claim should be initiated and completed. This program of localized VLF-EM and geochemical surveys should assist in defining the structural trend and indicated mineral zones and provide information as to the location of the potentially economic mineral zones within the structures or within deep-seated intursives.
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The Phase II exploration program on the McVicar Lode Mining Claim as outlined in the writer’s report dated December 26, 2007 has been completed. The work was performed by New Zone Explorations and consisted of a magnetometer survey and a VLF-EM survey covering the entire McVicar Lode Mining Claim. The program was modified to substitute the geochemical survey, as originally proposed, to a VLF-EM survey. The modification was based on the surface rock exposure and limited soil horizons that would be required to provide an effective evaluation of soil analysis.
The McVicar Lode Mining Claim is comprised of one located claim with an area of 20 acres located in the Goodsprings (Yellow Pine) Mining District situated within the southwest corner of the State of Nevada, U.S.A. The McVicar Lode Mining Claim covers some former exploratory workings on a mineral showing.
The Yellow Pine Mining District, although less famous than many of the other mining districts of the Great Basin, nevertheless ranks second only to Tonopah in total Nevada lead and zinc production. During World War I this district was one of the most productive mineral producers in the west; but by the end of World War II only a few mines remained in operation. The region is also known for its historic production of lead, zinc, silver, and gold. The favorable host rock for the indicated mineralization on the McVicar Lode Mining Claim is indicated as a limestone. Although information on the mineralization at the McVicar Mine is not known, the mineralization at the Root Mine within one mile to the northeast is reported as hydrozincite, calamine, and cerussite; galena occurs as residual pods in masses of cerussite. Production from the Root Mine is reported as 3,896,057 pounds of zinc, 858,055 pounds of lead. Rostock Ventures Corp.
Phase II Exploration Program
Based on the field data accumulated from the completion of the Phase II exploration program on the McVicar Lode Mining Claim, five maps represented as Figures 3 to 7 in this report, were prepared. Figure 3 shows the magnetometer raw field data; Figure 4 shows the contoured raw field data; Figure 5 shows the VLF-EM survey raw data; Figure 6 shows the VLF-EM raw data as Fraser Filtered results; and Figure 7 shows the contoured Fraser Filtered results with the interpreted VLF-EM anomalous zones.
The result of the magnetometer survey as shown by Figure 4 indicates two magnetometer highs (HI); one in the south and one in the north of the McVicar Lode Mining Claim. The southern HI is specific and centrally localized in the grid bounded by 1100S to 1290S and 150E to 275E. The northern HI is general with localized HI’s in the grid bounded by 425S to 625S and 100E to 450E.
The results of the VLF-EM survey as shown on Figure 7 indicating the interpreted VLF-EM anomalies, three anomalies are indicated on the McVicar Lode Mining Claim; A, B, and C. Anomaly A is situated in the north and is comprised of two trends; an east-west trend and a northeasterly trend with an intersection at 425S, 125E. The intersection correlates with the area of the northern magnetometer HI.
Anomaly B is situated central in the Claim and is comprised of two west-northwest trends which may be one indicated structure offset by a northeast trending zone, which is not shown as an anomaly on the map but is indicated by the extended northeasterly eastern portion of Anomaly B. The main intersection could be at 750S, 310E within an area of magnetometer lows (LO) Anomaly C is situated in the south and is comprised of a west-northwest trending zone, open to the west, with a high (HI) at 1050S, 290E; the eastern end. The HI correlates with the upper portion of the southern magnetometer HI.
It is concluded that the results of the Phase II exploration program were successful in delineating correlative anomalous areas with an indication of potentially economical mineral controlling structures and/or mineralization. The magnetometer HI’s may indicate near surface intrusives creating the structures, as indicated by the VLF-EM anomalies, and providing the primary mineralization which is indicated as primary and altered secondary surface mineralization. The areas of the indicated intersecting VLF-EM anomalies/structures are the prime areas for locating potential economic mineral zones.
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