Owner
Post by Franko10 ™ on Oct 2, 2004 14:32:11 GMT -5
Claimstaker Resources Ltd.: SRK Consulting to Complete
Geological Review of the Blackdome Gold Mine
VANCOUVER, BRITISH COLUMBIA--Joint venture partners Claimstaker
Resources Ltd. (CDNX symbol: CLN) ("Claimstaker") and Jipangu Inc.
of Tokyo, Japan ("Jipangu") are pleased to announce the
contracting of SRK Consulting ("SRK") to complete a geological
model, resources estimate and preliminary exploration-risk
assessment of the Blackdome Gold Mine ("Blackdome") project.
Blackdome is a very large (65 square kilometres), mostly
unexplored property. Given its past history of high-grade gold
production (approximately 0.6 oz Au/ton), its current permits and
a fully equipped 200 ton/day mill on site, Blackdome is a very
attractive exploration opportunity.
SRK's work program will attempt to better define the controls on,
and geometry of, the distribution of gold and silver
mineralization at Blackdome. From this, a geological model will be
developed to serve as a foundation for resource estimation and the
subsequent selection of mining methods. Furthermore, the study
will attempt to determine the mineable potential of the deposit
and make recommendations for the advancement of the Blackdome
project.
On site evaluation will probably commence in late June, once the
winter snow pack has fully receded. It is estimated that this
program will be completed by the end of July 2001. SRK's field
team will consist of Mr. Christopher Lee (a specialist in the
structural analysis of hydrothermal vein systems and its
application to grade control and generation of predictive
exploration models) and Mr. Mike Michaud (senior geologist at SRK
with over 14 years experience in mineral deposit evaluation, due
diligence and resource estimation).
Claimstaker is a Vancouver based, junior gold resource company
focused on the exploration and development of precious and other
metals properties in North America. Subject to shareholder
approval at the annual general meeting, Claimstaker is proposing a
corporate name change to J-Pacific Gold Inc. to better reflect its
strong affiliation with Jipangu.
Jipangu is a private investment fund focused on acquiring
interests in well-managed, junior and intermediate gold mining and
exploration companies. Jipangu is the largest shareholder of
Claimstaker with a 26% interest.
On behalf of the Board of Directors,
N. Ferris, President and CEO
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Claimstaker Resources Ltd.
Mr. Nick Ferris
President and CEO
(604) 684-6677 or Toll Free: 1-888-236-5200
(604) 684-6678 (FAX)
Email: ir@claimstakerresources.com
Website: www.claimstakerresources.com
The Canadian Venture Exchange has neither approved nor disapproved
of the information contained herein.
Geological Review of the Blackdome Gold Mine
VANCOUVER, BRITISH COLUMBIA--Joint venture partners Claimstaker
Resources Ltd. (CDNX symbol: CLN) ("Claimstaker") and Jipangu Inc.
of Tokyo, Japan ("Jipangu") are pleased to announce the
contracting of SRK Consulting ("SRK") to complete a geological
model, resources estimate and preliminary exploration-risk
assessment of the Blackdome Gold Mine ("Blackdome") project.
Blackdome is a very large (65 square kilometres), mostly
unexplored property. Given its past history of high-grade gold
production (approximately 0.6 oz Au/ton), its current permits and
a fully equipped 200 ton/day mill on site, Blackdome is a very
attractive exploration opportunity.
SRK's work program will attempt to better define the controls on,
and geometry of, the distribution of gold and silver
mineralization at Blackdome. From this, a geological model will be
developed to serve as a foundation for resource estimation and the
subsequent selection of mining methods. Furthermore, the study
will attempt to determine the mineable potential of the deposit
and make recommendations for the advancement of the Blackdome
project.
On site evaluation will probably commence in late June, once the
winter snow pack has fully receded. It is estimated that this
program will be completed by the end of July 2001. SRK's field
team will consist of Mr. Christopher Lee (a specialist in the
structural analysis of hydrothermal vein systems and its
application to grade control and generation of predictive
exploration models) and Mr. Mike Michaud (senior geologist at SRK
with over 14 years experience in mineral deposit evaluation, due
diligence and resource estimation).
Claimstaker is a Vancouver based, junior gold resource company
focused on the exploration and development of precious and other
metals properties in North America. Subject to shareholder
approval at the annual general meeting, Claimstaker is proposing a
corporate name change to J-Pacific Gold Inc. to better reflect its
strong affiliation with Jipangu.
Jipangu is a private investment fund focused on acquiring
interests in well-managed, junior and intermediate gold mining and
exploration companies. Jipangu is the largest shareholder of
Claimstaker with a 26% interest.
On behalf of the Board of Directors,
N. Ferris, President and CEO
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Claimstaker Resources Ltd.
Mr. Nick Ferris
President and CEO
(604) 684-6677 or Toll Free: 1-888-236-5200
(604) 684-6678 (FAX)
Email: ir@claimstakerresources.com
Website: www.claimstakerresources.com
The Canadian Venture Exchange has neither approved nor disapproved
of the information contained herein.
