Portage & Cliffs JV to Resume Drilling at Golden Ridge Deposit, New Brunswick
(firmenpresse) - ST ANDREWS, NEW BRUNSWICK -- (Marketwire) -- 10/24/11 -- Portage Minerals Inc. ("Portage") (CNSX: RKX), today announced on behalf of the joint venture with Cliffs Chromite Ontario Inc. (f/k/a Freewest Resources Canada Inc.) ("Cliffs"), a wholly owned subsidiary of Cliffs Natural Resources Inc. (NYSE: CLF) (PARIS: CLF), that diamond drilling operations consisting of approximately 3,500 metres will resume at the Golden Ridge property (the "Golden Ridge Property"). The Golden Ridge Property comprising 3,386 hectares, is located 80 kilometres west of the City of Fredericton in York County, New Brunswick.
Project Highlights and Progress:
November 30, 2010
December 16, 2010
April 26, 2011
June 8, 2011
Today
Full disclosure of Portage's previous drill programs, resource estimate and progress, as highlighted above, is available within the Portage news releases dated November 9, 2010; November 30, 2010; December 16, 2010; March 2, 2011; April 26, 2011 and June 8, 2011.
A drill hole plan map highlighting mineralized intercepts is attached at the end of this news release. All assays from the Portage drill programs have been completed by Activation Laboratories Ltd, Ontario, using the fire assay method (A3-50) on 50 grams of prepared sample and/or INAA (1H (Au+48)). All INAA assay results greater than 500 ppb gold have been also analyzed using the fire assay method.
Overall, the mineralization occurs in a sericite-carbonate +/- albite altered dacitic volcanic complex with zones of quartz veins, quartz stockwork and quartz breccias. Pyrite, arsenopyrite and minor to trace stibnite are associated with the mineralization.
Roger Dahn, P. Geo. (New Brunswick), Vice President-Exploration of Portage, is designated as the Qualified Person under National Instrument 43-101 and has reviewed and approved the contents of this press release.
Portage Minerals Inc. is a mineral exploration corporation exploring for gold in Eastern Canada. Further information about Portage can be accessed on the Company's website at and on the SEDAR website at . The common shares of Portage trade on the Canadian National Stock Exchange ("CNSX") as a mining issuer under the trading symbol "RKX".
To receive Company news releases via e-mail, please advise and specify "Portage News" in the subject line.
Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those currently anticipated due to a number of factors and risks. The forward-looking statements contained in this news release are made as of the date hereof and Portage undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
To view the map associated with this press release, please visit the following link: .
The CNSX has not approved and does not accept responsibility for the adequacy or accuracy of this news release.
Contacts:
Portage Minerals Inc.
Ken Hight
President and CEO
(506) 529-8206
(506) 529-8595 (FAX)
CHF Investor Relations
Robin Cook
Senior Account Manager
(416) 868-1079 x228
(416) 868-6198 (FAX)
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 24.10.2011 - 16:10 Uhr
Sprache: Deutsch
News-ID 79438
Anzahl Zeichen: 0
contact information:
Town:
ST ANDREWS, NEW BRUNSWICK
Kategorie:
Mining & Metals
Diese Pressemitteilung wurde bisher 213 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Portage & Cliffs JV to Resume Drilling at Golden Ridge Deposit, New Brunswick"
steht unter der journalistisch-redaktionellen Verantwortung von
Portage Minerals Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
