ON WITH THE SHOW.....
Diamond Drill Program Begins at Prospect Valley Property
22:01 EST Wednesday, Mar 24, 2010
(via Thenewswire.ca)
Consolidated Spire Ventures Ltd. ("Spire") (TSX.V: CZS) is pleased to announce that the Project Operator has begun the diamond drill program on the South Discovery Zone of the Prospect Valley Gold Property in Merritt, BC.
The 2010 Phase I drill program will consist of approximately 1,500m in 12 - 14 holes designed to test the continuity of gold mineralization intersected in the South Discovery Zone in 2006 and 2007. Those programs included drill intercepts such as 50.6m of 1.36g/t gold in DDH 2006-21, 66.8m of 0.90g/t gold in DDH 2007-02 and 96.5m of 0.74g/t gold in DDH 2007-05. The diamond drill program will include fill-in holes, at a spacing of approximately 50m, drilled along a strike length of 500m where soil geochemistry and Induced Polarization (IP) chargeability anomalies appear to correlate well with gold mineralization in bedrock.
A new area in the South Discovery Zone will be tested, following up on results of the November and December 2009 infill soil grid. The recent soil sampling over this zone returned assays of up to 1.2g/t gold. The area has a strong geochemical/geophysical anomaly that is separate from, but parallel to, the main trend. A map showing the proposed South Discovery Zone drill targets can be found on the Company website at http://www.spireventures.com/docs/uploads/File/maps/Phase1ProposedDrilling.pdf.
Recent warm weather is providing an excellent source of water from melting snow and all drill sites are road accessible. The drilling has been contracted to SCS Diamond Drilling of Kamloops, BC. The South Discovery Zone is part of a geochemical and geophysical anomaly extending nearly 2km in total strike length and up to 400m wide. Should the new drill program indicate sufficient continuity of grade, the results will be used to estimate an initial NI 43-101 compliant resource for the South Discovery Zone.
Brian Buchanan, president of Spire stated "We are very pleased that the anticipated Phase 1 diamond drill program has commenced, and that it's starting several months ahead of schedule. This is the most important project in regards to CZS's growth, and the fact that we are 100% carried on this prospect is the key. In order to earn its interest, our partner must spend $6 million on the Prospect Valley Gold Project, which provides CZS tremendous upside potential without having to spend on exploration. Management is very optimistic about what the exploration and drilling programs will provide."
The Prospect Valley Gold Project contains several bulk tonnage gold targets and is only 30km south of the world class Highland Valley Copper Mine. In this complex geological environment, the property has the potential to host a significant gold mineralizing system and is viewed as a low grade, bulk mineable epithermal gold target. Altair Ventures Inc. is the Project Operator.
Consolidated Spire Ventures Ltd.
WEBSITE: http://www.spireventures.com/
ON BEHALF OF THE BOARD,
Brian Buchanan
President and Director
This Company Press Release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS
SAH.V...THE PIGS HIGH SCAN OF THE NIGHT AND ONCE AGAIN NUMBERS AND NETWORKING DON'T JIVE.....BUT MAYBE THEY SHOULD ? LOOKS LIKE A PRE-MERGER DEAL OF SOME KIND AND SOME SURPRISE ALONG WITH IT. BIG NUMBERS POSTED ON THE SCAN TONIGHT, WITH A DRAMATIC INCREASE IN NET CAPITAL INFLOW AFTER AN EXTENDED PERIOD OF ACCUMULATION FROM THE BEGINNING OF THE MONTH. THE PIG SAYS THIS ONS AN ODD DUCK BUT THE NUMBERS RATE IT HIGH SO YOU MAKE UP YOUR MINDS.
NER.V...SECOND HIGH SCANNER OF THE NIGHT, AND NO REAL STORY ATTACHED. BUT WITH THE NUMBERS PRODUCED AND THE CHART ASSESSMENT "and" THE 52 WEEK BEING A DOUBLE AWAY....ALONG WITH A FEW .10C OPTIONS TO MANAGEMENT.........THIS COULD BREAK UPSIDE WITH ANY KIND OF DEFINITIVE NEWS.
TNM.V...DRILLING NOT FAR AWAY. THIRD HIGH SCANNER OF THE NIGHT, VERY CLOSE TO SECOND THOUGH. CAUTION FIRST, ITS DOUBLED IN LESS THAN 5 DAYS AND MAY SOFTEN, WHICH WOULD GIVE AN IN. HOWEVER, WITH ANY KIND OF SUBSTANTIVE RELEASE (LIKE DRILING HAS STARTED) COULD BUMP IT ANOTHER DOUBLE OR THEREABOUTS. USE CAUTION, BUT UNDERSTAND THESE KIND OF RELEASES SOMETIMES COME IN TANDEM, SO A DRILLING ANNOUNCEMENT COULD MATERIALIZE AT ANY TIME.
VAL.V...LOOKS LIKE A CANDLE IN THE WIND. SCANNED WELL IN A FEW AREAS TONIGHT BUT THE PIG SAYS PUT IT ON YOUR WATCH LIST. WE MAY HAVE MISSED THE SHORT TERM BOAT. LETS SEE OF IT SOFTENS.
Greystar Resources Announces Drill Results from Mongora Prospect
03:00 EST Thursday, Mar 25, 2010
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 25, 2010) - Greystar Resources Ltd. (the "Company") (TSX:GSL)(AIM:GSL) is pleased to announce additional drill results from the Mongora prospect located immediately to the south of the Angostura gold-silver deposit in the California mining district, Colombia.
Mongora is similar to Angostura, hosting higher-grade gold mineralization within broader zones of lower-grade gold mineralization. While the drill program at Mongora is focused on the delineation of open pit oxide gold mineralization, drill results have identified promising sulphide mineralization as well. Drilling at Mongora has the potential to outline a new oxide resource that could be added to the 2.26 million ounce oxide resource (measured and indicated) already defined at Angostura. To date 8,670 metres have been drilled in 26 holes at Mongora (see attached plan map and cross sections or visit greystarresources.com). Preliminary metallurgical evaluations are underway. Mongora remains open in all directions as well as to depth.
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Interval
Hole From (m) To (m) (m)(i) Gold (g/t) Silver (g/t)
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MO09-14 159 174.55 15.55 2.15 2.0
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253.75 255.85 2.1 11.25 13.0
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315 317.5 2.5 11.4 4.6
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324.9 332.9 8.0 1.38 0.5
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MO09-15 94.9 110.3 15.4 0.53 1.1
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149.75 154 4.25 1.53 4.2
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MO09-16 33.5 36.8 3.3 24.3 2.5
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117.4 130.9 13.5 1.09 2.0
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352 359 7.0 1.12 1.5
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MO09-17 26.1 36.1 10.0 1.01 2.3
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43 56.1 13.1 0.63 1.2
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109.9 116 6.1 2.09 7.3
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191 214 23.0 0.87 2.9
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223.5 246 22.5 0.80 2.7
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257 269 12.0 0.57 1.3
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MO09-18 87 94.3 7.3 2.16 7.5
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104 128 24.0 0.73 1.7
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180 191.05 11.05 2.81 6.0
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378.2 392.3 14.1 0.86 1.2
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MO09-19 145 171.7 26.7 0.67 1.7
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182 202.6 20.6 1.11 3.7
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216 230.15 14.15 0.64 0.9
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314.5 332 17.5 0.75 1.1
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MO10-01 43.45 45.05 1.6 2.57 12.0
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314.5 319.55 5.05 1.01 2.3
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MO10-02 193 204.5 11.5 0.56 1.0
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210 231.1 21.1 0.82 2.4
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250.95 259 8.05 1.26 5.3
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276 290 14.0 0.84 6.9
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329.7 332.05 2.35 13.0 5.3
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Note: (i) Down hole width, not corrected but based on drill holes and structural dip of the mineralization, the interval is considered to be close to true width.
Immediately to the west of Mongora, the Violetal area covers another strong gold-in-soil anomaly. In total, the Mongora-Violetal exploration area covers approximately 340 hectares. For 2010, a total of 12,000 metres of drilling is planned for the Mongora-Violetal area. Two drill rigs are currently dedicated to the exploration program. Additional drill results will be published upon receipt and interpretation of assay results.
The above information has been reviewed and approved by Mr. Frederick Felder, P.Geo., a "qualified person" as that term is defined in National Instrument 43-101 and Guidance Note for Mining, Oil and Gas Companies issued by the London Stock Exchange in respect of AIM companies, which outline standards of disclosure for mineral projects. Mr. Felder is a geologist with more than 40 years of industry experience and a member in good standing with the Association of Professional Engineers and Geoscientists of British Columbia.
About Greystar Resources Ltd.
Greystar Resources Ltd. is a precious metals exploration and development company that is currently completing a feasibility study on its wholly owned, multi-million ounce Angostura gold-silver deposit in northeastern Colombia. A positive prefeasibility study announced on March 25, 2009 envisions average annual production at Angostura of 511,000 ounces of gold and 2.3 million ounces of silver over a 15 year mine life.
To view the maps accompanying this press release please visit the following link: http://media3.marketwire.com/docs/GSLMaps325.pdf
Forward-Looking Statements
Certain statements in this news release are "forward-looking" within the meaning of Canadian securities legislation. They include statements regarding mineral exploration and drilling programs. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and other contingencies. Many factors could cause the Company's actual results to differ materially from those expressed or implied in the forward-looking statements. These factors include, among others, conclusions or realization of mineral resources, the actual results of exploration activities, possible variations in ore grade or recovery rates, fluctuations in the price of gold and silver, risks relating to additional funding requirements, political and foreign risks, production risks, environmental regulation and liability, government regulation as well as other risk factors set out under the heading "Risk Factors" in the Company's final short form prospectus dated September 22, 2009 which is available on SEDAR at www.sedar.com. Investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.
FOR FURTHER INFORMATION PLEASE CONTACT:
Greystar Resources Ltd.
Geoff Chater
Vice President
(604) 614-7830
info@greystarresources.com
www.greystarresources.com
Stream Oil & Gas delivers 110 bopd from a single well - a net field production increase of 35%
00:31 EST Thursday, Mar 25, 2010
VANCOUVER, March 24 /CNW/ - Stream Oil & Gas Ltd. (TSX-V: SKO) (the "Company") is pleased to announce a further production increase, following a further successful well re-completion, in line with its development strategy. The Company's first mid-depth workover on the Cakran-Mollaj field delivered an oil production increase of 110 bopd (single well), representing an average well improvement exceeding 500%, compared to baseline production of 15 bopd/well. A second mid-depth recompletion in this field is underway with positive results expected before March end.
As a result of this initial workover the Company's daily gross crude oil production has increased to 793 bopd, up from 683 bopd. Net production to the Company increased to 420 bopd, up from 310 bopd, a 35% increase and a second substantial production increase for the Company in less than a month. These figures do not include Company's typical gas production of 690 MCFD and 47 bbl/MMCF NGLs. Subsequent to the Company's recently announced complete takeover of the Cakran-Mollaj field (25 currently producing wells and additional 37 non producing wells also being considered for re-activation) and these positive workover results, the Company is planning to accelerate its 2010/2011 workover programs. The Company is also preparing to perform full-depth workovers which based on our experience to date are forecast to yield a further production increases.
Dr. Sotirios Kapotas, Stream's CEO said: "Stream continues to prove the resource potential of its assets and our ability to deliver results, further substantiating Stream's ambitious growth plans."
About Stream Oil & Gas Ltd.
Stream Oil & Gas Ltd. is a Canadian-based emerging oil and gas production, development and exploration company focused on the re-activation and re-development of three oil fields and a gas/condensate field in Albania. The Company's strategy is to use proven technology, incremental and enhanced oil recovery techniques to significantly increase production and reserves.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information: Dr. Sotirios Kapotas, President & Chief Executive Officer, P: (403) 270-8203; Danny Davis, Chief Financial Officer, P: (403) 270-8203; Email info@streamoilandgas.com, Website: www.streamoilandgas.com
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