Placer Gold
Placer Gold
Golden Reign Focuses on Gold Play in Russia
Currently ranked sixth in the world in gold production, Russia has total known gold resources of approximately 500 million ounces. During the last few years, Russia’s increase in production has been the one of the highest among all of the major gold producers, and yet this growth represents only a small portion of the country’s potential.
Aton Capital, a major Russian asset management company, has pointed out that Russia’s output of gold still lags far behind other major gold producers.
“The country’s total estimated gold resources are almost 500-mil oz, while output was only 5.9-mil oz in 2004 [and 5.36 million in 2006 – Editor], implying a resource life of 85 years at the current rate of extraction,” the company stated in a report posted on its website. “With the exception of South Africa, resource lives for major producers (US, Canada and Australia) are 15-20 years. This implies there is considerable potential for raising output in Russia, and indeed this is exactly what we have seen.”
And if Russia’s total resource base is considerable, then as a percentage, Russia’s Far East is the place for junior resource companies to be looking for the yellow metal. The Magadan gold region – which is said to be Russia most important area for gold – hosts nearly 2,000 placer gold deposits, 100 gold ore deposits, and 48 silver ore deposits. At last tally, the region had known reserves of 128,000,000 ounces – more than one fifth of Russia’s total.
Russian mining and exploration have had a long road toward real openness since Glasnost and Perestroika were decreed by the then president of the Soviet Union Mikhail Gorbachev. And forefront of juniors making headway in modern day Russia is Golden Reign Resources (TSX.V:GRR).
“We’ve got lots of focus on Russia’s Far East right now,” said Myles. “We’ve taken a lot of effort to lay down roots in the region. I think our most recent sample assays show that we’ve made the right decision in setting up at Dorozhni and Butarni.”
Dorozhni Property
Earlier in the year, Golden Reign completed the first phase of its exploration program at the Dorozhni property, one of two highly-prospective gold properties located in the Magadan Region of Far East Russia. Although historical exploration has focused on high-grade gold bearing quartz veins at or near surface, Golden Reign believes that the property has potential for a low-grade bulk tonnage gold deposit.
Assay results from the initial sampling program originated from two trenches covering an aggregate 1.5 kilometres on the N-NE slope of Dorozhni. Approximately 30 kilograms (over 900 ounces) of gold was historically mined from Vein No. 1, including high-grade pockets grading several kilograms of gold per tonne. Recent assay results from property samples include grades of 1.65 g/t, 2.74 g/t, 4.84 g/t, and 18.69 g/t.
Dipping gently to the northwest, this quartz vein has intense massive sulphide mineralization along the vein selvage containing visible gold. Coarse-grained native gold mineralization is also observed within the vein. Gold grains range in size from 0.5 to 2.0 mm, reportedly reaching a few centimetres in size in some cases.
Additional samples revealed that gold mineralization is not restricted solely to quartz veins but also occurs within the surrounding rock. Others indicated that gold mineralization is likely disseminated through the entire intrusion.
High sulphide mineralization was observed in boulders located in the riverbed of Dorozhni Creek within a stockwork zone roughly 50 metres by 70 metres wide. Golden Reign intends to remove the overburden to allow for proper channel sampling by diamond saw, which should provide a better representation and understanding of this newly discovered zone.
Butarni Property
Golden Reign’s second Russian venture, the Butarni property, covers an area of 9.3 square kilometers and is situated approximately 310 kilometres north of Magadan, the capital city of the province. It is underlain by sediments intruded by a biotite granite stock with dimensions of approximately 3 km x 1.6 km. Golden Reign has established a camp and mobilized exploration equipment in the area. It is trenching 3,500 metres across geochemical and geophysical anomalies in anticipation of 2,500 metres of diamond drilling to test the mineralization at depth.
A technical report on the Butarni Property, filed in August 2007 by qualified person John Kowalchuk, P. Geol., indicated that the discovery of modest to large tonnages of gold mineralized rock could potentially allow for low cost, large-scale, open pit mining of the deposit(s) at Butarni.
“The combination of large tonnages of mineralized rock and the substantial gold grade potential suggests the possibility of a significant discovery of an economic gold deposit,” Kowalchuk reported, recommending that the Butarni property warranted additional evaluation.
Previously, only the northern and western parts of the Butarni region were explored, whereas Golden Reign’s current target is a known gold bearing area in the southwest portion referred to as Zone 1. Golden Reign is currently engaged in detailed mapping and geochemical surveys to test approximately 40% of this area that remains unexplored.
Historical grab and channel sampling of quartz veins within Zone 1 returned values ranging from 1 g/t to 334.4 g/t Au, with an average grade of 21.3 g/t gold from 45 grab samples and 29.6 g/t gold from 22 channel samples. Golden Reign’s recent channel samples yielded grades of 8.63 g/t and 16.11 g/t.
Encouraged by the findings in the Technical Report, Golden Reign excavated an additional 1,000 metres across four trenches, for a total of six trenches approximately 100-150 metres apart. Testing of the newly exposed weathered zone will continue throughout 2008.
Offering low dilution – 25 million shares issued and outstanding and 41 million fully diluted – and a low share price ($0.12 to $0.15 range), Golden Reign has a market cap with plenty of upside potential. The company has taken a slow and steady dive in the markets, first since a tangle with local politics in the region (now resolved) and then due to the market hiccup last August (now resolved). In the meantime, the company has made significant headway in achieving its objectives – “trenching; channel sampling; detailed geological mapping; soil sampling; geophysical surveys; and limited drilling.” With this now complete – the company collected almost 1000 one-metre samples – and with results expected soon, Golden Reign has already begun assessing new targets in mineral-rich Magadan.
About the Author
Resourcex Investor is an internationally distributed newsletter about emerging junior resource companies. Sign up for a free 1-month trial to our newsletter and get instant access to news and investing tips that have helped many of our readers make more money. http://www.resourcex.com
PLACER GOLD.wmv
|
|
Complete Placer Gold Mining Wash Plant, Support Equipment, and Camp, 12-25 YPH $110,000.00 |
|
|
GIW slurry pump 12×1 LSA Dredge pump placer mining gold $17,900.00 |
|
|
GIW slurry pump 8X8 LSA Dredge pump placer mining gold $14,700.00 |
|
|
GIW slurry pump 6X4 LSA Dredge pump placer mining gold $7,700.00 |
|
|
80 ACRE PLACER GOLD MINING CLAIM~ARIZONA~WICKENBURG GOLD BELT $6,500.00 |
|
|
BOULDER GOLD PLACER GOLD MINING CLAIM FOR SALE! $4,800.00 |
|
|
40 Acre Oregon Unpatented Placer Gold Silver Mining Claim Claims Jackson County $4,000.00 |
|
|
40 ACRE PLACER GOLD MINING CLAIM~20 ACRE LODE CLAIM WITH ACTUAL MINE~ARIZONA $3,995.00 |
|
|
Unique and Rare Shining(?) Mine Placer Gold Sample $3,750.00 |
|
|
HUGE 106 gram placer gold nugget from Maine’s famous East Branch (Swift River) $3,500.00 |
|
|
35.1 grams Natural Australian Gold Nugget Specimen Placer Bullion Mining $3,395.00 |
|
|
gold nugget: 50.6 grams (1.63 troy ounces) of approx. 95% pure placer gold $3,250.00 |
|
|
SIERRA COUNTY, CA PLACER GOLD MINING CLAIM 160 ACRES 2 LODE GOLD MINES HERE TOO $3,050.00 |
|
|
HUGE 79 gram placer gold nugget from Maine’s famous East Branch (Swift River) $3,000.00 |
|
|
160 ACRE SW OREGON PLACER GOLD MINING CLAIM LAND $2,550.87 |
|
|
Placer Gold nugget from Venezuela $1,800.00 |
|
|
75 ACRE PLACER GOLD MINING CLAIM NEAR SUN VALLEY IDAHO $1,688.00 |
|
|
20 Acre Unpatented Gold Placer Mining Claim in Cripple Creek Colorado District $1,495.00 |
|
|
Placer Gold nugget from Venezuela $1,350.00 |
|
|
12.4 grams 10 pieces Solid Gold Placer Nuggets Bale attached for charm pendant $1,299.00 |
|
|
13.3 GRAM PLACER GOLD NUGGET/ GREAT CHARACTER $739.00 |
|
|
Natural Placer Idaho Gold small nuggets-pickers 15.6 Grams Metal detector $627.77 |
|
|
NATURAL ALASKAN GOLD PLACER NUGGET WEIGHS 7.7 GRAMS $625.00 |
|
|
Big Placer Gold Nugget Pendant on Big 14K Gold Bale No Chain $599.00 |
|
|
ARIZONA PLACER GOLD-METEORITE MINING CLAIM IN GOLD BASIN, MOHAVE, COUNTY $510.00 |
|
|
New Mexico Land 80ac placer gold mining claim-Gold Gulch-Burro Mts.-NO RESERVE $510.00 |
|
|
10 acre Gold Placer Mining Claim in IDAHO! $510.00 |
|
|
Natural Idaho Placer Gold 12.3 grams $501.25 |
|
|
California Placer Natural Gold Nugget Pendant 8.6 Grams +1/4 Troy Oz 22k Bullion $499.99 |
|
|
10 grams real solid gold, placer fines-nuggets+scrap REFINED! for investment $485.00 |
|
|
5.59 GRAM Natural GOLD NUGGET PENDANT Jewelry Bullion Placer Gold Rush P51 $425.00 |
|
|
5dwt 1/4ozt Natural Alaska Yukon Bullion Placer Gold nuggets 14/16 screen sto3 $399.00 |
|
|
5dwt 1/4ozt Natural Alaska Yukon Bullion Placer Gold nuggets 18/20 screen sto1 $399.00 |
|
|
5dwt 1/4ozt Natural Alaska Yukon Bullion Placer Gold nuggets 16/18 screen sto2 $399.00 |
|
|
1/4 ozt Natural Alaska Yukon Bullion Placer Gold nuggets 12/14 size LC $399.00 |
|
|
1/4 ozt Natural Alaska Yukon Bullion Placer Gold nuggets 20/25 Sto 4 $399.00 |
|
|
1/4 ozt Natural Alaska Yukon Bullion Placer Gold nuggets 25/30 LC $369.00 |
|
|
Great Quality, Bright, High Purity 4.984 Gram Alaska Natural Placer Gold Nugget $359.00 |
|
|
5.20 GRAM Natural GOLD NUGGET Bullion Placer Panning Mining Gold Rush R18 $348.00 |
|
|
ALASKAN NUTURAL GOLD PLACER/NUGGET $343.01 |
|
|
6.32 GRAM PLACER GOLD NUGGET $334.99 |
|
|
5.04 GRAM Natural GOLD NUGGETS Bullion Placer Minerals Mining Gold Rush R4 $325.00 |
|
|
SUPERB 5.0 GRAM CRYSTAL GOLD PLACER GROUP TULE CANYON NEVADA! $325.00 |
|
|
5.96 GRAM PLACER GOLD NUGGET $324.99 |
|
|
New Mexico Land 40ac placer gold mining claim-Hillsboro-NO RESERVE-nuggets $316.00 |
|
|
4.78 GRAM Natural GOLD NUGGETS Bullion Placer Minerals Mining Gold Rush P99 $305.00 |
|
|
4.62 GRAM Natural GOLD NUGGETS Bullion Placer Minerals Mining Gold Rush P95 $299.75 |
|
|
14 KARAT 14K RING NATURAL CALIFORNIA PLACER NATIVE GOLD NUGGET 4.1 G SIZE 5.25 $295.00 |
|
|
4.55 GRAM Natural GOLD NUGGETS Bullion Placer Minerals Mining Gold Rush R9 $295.00 |
|
|
4.52 GRAM Natural GOLD NUGGETS Bullion Placer Minerals Mining Gold Rush P97 $290.00 |
|
|
Chunky Placer Gold 6.18 Grams $275.00 |
|
|
4.00 GRAM Natural GOLD NUGGETS Bullion Placer Panning Mining Gold Rush R19 $260.00 |
|
|
7 grams of placer gold nuggets in small dram vial, from Swift River, Maine $260.00 |
|
|
Great Quality, 3.634 Gram Dawson, Alaska Natural Placer Gold Nugget! High Purity $259.00 |
|
|
5.1 grams NATURAL REAL GOLD NUGGET RING,PLACER,MINING,22 KT KARAT,LOT,JEWELRY $259.00 |
|
|
4.03 GRAM Natural GOLD NUGGETS Bullion Placer Minerals Mining Gold Rush R2 $255.00 |
|
|
Great Quality, 3.526 Gram High Purity, Dawson, Alaska Natural Placer Gold Nugget $253.00 |
|
|
4.01 GRAM Natural GOLD NUGGETS Bullion Placer Mining Gold Rush P91 $252.00 |
|
|
3.92 GRAM Natural GOLD NUGGETS Bullion Placer Mining Gold Rush P68 $252.00 |
|
|
4.00 GRAM Natural GOLD NUGGETS Bullion Placer Panning Mining Gold Rush R20 $252.00 |
|
|
4.00 GRAM Natural GOLD NUGGETS Bullion Placer Panning Mining Gold Rush R21 $252.00 |
|
|
4.00 GRAM Natural GOLD NUGGETS Bullion Placer Panning Mining Gold Rush R22 $252.00 |
|
|
Placer Mining Claim.info ONLINE DOMAIN FOR SALE/GOLD PROSPECTING/MINE/PANNING $250.00 |
|
|
QUARTZSITE ARIZONA MOTHER LODE PLACER GOLD $250.00 |
|
|
3.65 GRAM Natural GOLD NUGGETS Bullion Placer Minerals Mining Gold Rush P96 $235.00 |
|
|
3.64 GRAM Natural GOLD NUGGETS Bullion Placer Mining Gold Rush P86 $230.00 |
|
|
Alaska Placer Gold Nuggets 2.9 grams $229.00 |
|
|
Great Quality 3.167 Gram, High Purity, Dawson, Alaska Natural Placer Gold Nugget $228.00 |
|
|
3.51 GRAM Natural GOLD NUGGETS Bullion Alaska Placer Mining Gold Rush P61 $226.00 |
|
|
3.50 GRAM Natural GOLD NUGGETS Bullion Placer Mining Gold Rush P67 $225.00 |
|
|
Alaska Placer Gold Nuggets 2.8 grams $225.00 |
|
|
3.50 GRAM Natural GOLD NUGGETS Bullion Placer Panning Mining Gold Rush R10 $220.00 |
|
|
3.38 GRAM Natural GOLD NUGGETS Bullion Alaska Placer Mining Gold Rush P69 $217.50 |
|
|
3.44 GRAM Natural GOLD NUGGETS Bullion Alaska Placer Mining Gold Rush P57 $215.00 |
|
|
2.77 Gram Natural Alaskan Gold Nugget Picker Flake Placer Dredge Mining Bullion $209.95 |
|
|
Great Quality, Bright, High Purity, 2.862 Gram Natural Alaska Placer Gold Nugget $206.00 |
|
|
Great Quality, Bright, 2.825 Gram High Purity, Natural Alaska Placer Gold Nugget $202.00 |
|
|
3.55 Grams of Placer gold found in California $200.00 |
|
|
LARGE 6 gram placer gold nugget from Maine’s famous East Branch (Swift River) ME $200.00 |
|
|
3.00 GRAM Natural GOLD NUGGETS Flakes Bullion Panning Placer Gold Rush P41 $199.75 |
|
|
Great Quality, Bright, 2.712 Gram High Purity, Alaska Natural Placer Gold Nugget $195.00 |
|
|
Gold Fever? 2.703 Gram High Purity, Dawson, Alaska Natural Placer Gold Nugget! $194.00 |
|
|
2.98 GRAM Natural GOLD NUGGETS Bullion Placer Minerals Mining Gold Rush R1 $192.50 |
|
|
3.00 GRAM Natural GOLD NUGGETS Bullion Placer Mining Gold Rush P92 $192.00 |
|
|
2.98 GRAM Natural GOLD NUGGETS Bullion Alaska Placer Mining Gold Rush P59 $192.00 |
|
|
12 Metal Mining Gold Prospecting Placer Pan $24.99 Authentic Looking Antique Reproduction Both decorative + Functional Great Old West Wall Decor… |
|
|
Klondike Gold Rush Photo Mugs Placer Mining …. |
|
|
My gold placers… (New Sound) $15.98 … |
|
|
Kraft CC945 $28.00 Made of strong lightweight aluminum. Blade measures 19-1/2″ x 4″. 60″ aluminum handle with textured foam grip welded to blade. Heavy-duty aluminum braces for added strength. Comes pre-assembled…. |
|
|
1/18 ‘71 Chevy Camaro Z28, Placer Gold $57.99 Elite Editions feature careful attention to detail at a slightly lower price point for the budget-conscious collector. Features: Die-cast body with opening doors and hood; Realistic headlights and taillights; Retractable radio antenna; Highly polished electro-plated chrome part; Accurate engine and engine bay details; Steering wheel and front wheels turn together; Folding seat backs; and Detailed … |
|
|
Photo Jigsaw Puzzle of Klondike Gold Rush from Mary Evans $29.99 Photo Puzzle, KLONDIKE GOLD RUSH. Placer Mining . Chosen by Mary Evans. 10×14 Photo Puzzle with 252 pieces. Packed in black cardboard box of dimensions 5 5/8 x 7 5/8 x 1 1/5. Puzzle image 5×7 affixed to box top. Puzzle pieces printed on RA4 paper at 300 dpi. This item is shipped from our American lab…. |
|
|
Vintage Distressed Placer Field Hockey Tri-Blend T-Shirt Go Vintage! Super Popular Tri-Blend by Solid Gold Bomb™Solid Gold Bomb (SGB) is here! Printed on the American Apparel TR401 Tri-Blend Short Sleeve Track Shirt. Made of the three fabric combination (50% Polyester / 25% Cotton / 25% Rayon), this tee retains shape and elasticity. Cotton lends both comfort and durability with the addition of Rayon, it makes for a unique texture that drapes again… |
|
|
Vintage Distressed Placer Diving Tri-Blend T-Shirt Go Vintage! Super Popular Tri-Blend by Solid Gold Bomb™Solid Gold Bomb (SGB) is here! Printed on the American Apparel TR401 Tri-Blend Short Sleeve Track Shirt. Made of the three fabric combination (50% Polyester / 25% Cotton / 25% Rayon), this tee retains shape and elasticity. Cotton lends both comfort and durability with the addition of Rayon, it makes for a unique texture that drapes again… |
|
|
Vintage Distressed Placer Dancing Tri-Blend T-Shirt Go Vintage! Super Popular Tri-Blend by Solid Gold Bomb™Solid Gold Bomb (SGB) is here! Printed on the American Apparel TR401 Tri-Blend Short Sleeve Track Shirt. Made of the three fabric combination (50% Polyester / 25% Cotton / 25% Rayon), this tee retains shape and elasticity. Cotton lends both comfort and durability with the addition of Rayon, it makes for a unique texture that drapes again… |
|
|
Tread Rave-ioli Case for iPod Nano and Zune (Black/Teal) $2.16 TREAD TNA-B1031E Rave-ioli iPod nano Case – 3rd Gen… |
|
|
Where To Find Yankee Placer Gold by Delos Toole Delos Toole’s “Where to Find Yankee Placer Gold” is packed with maps, directions and commentary on places to find gold Maine, Vermont, Connecticut, New Hampshire and Massachusetts. Yes, there is gold in New England and you can find it!… |
|
|
Gold Prospecting & Placer Deposits: Finding Gold Made Simpler The first question asked by any prospector at some point in time is, “Where do I dig?” And perhaps the second is “How did gold get there?” These are questions that don’t have a wrong answer since gold can be anywhere from any number of reasons, rather the best answers are revealed by the light of experience. There is no “one size fits all” explanation of how to find gold. What is true for one area… |
|
|
Placer Gold Deposits of Arizona $8.95 If you want to look for gold in AZ, this is a great reference book regarding where to look…. |
|
|
Gold Panning in Utah $17.95 … |
Write a comment: