Allied Nevada Gold Corp. (AMEX:ANV) is pleased to announce the drill results from the first quarter 2011 drill program at its wholly owned Hycroft mine located west of Winnemucca, Nevada. Highlights from step-out drilling at the Albert Zone include holes H11-3357 with an interval of 151 meters grading 1.12 g/t AuEq(1) (0.79 g/t Au(1) and 19.0 g/t Ag(1)) and H11-4033 with an interval of 127 meters grading 1.26 g/t AuEq (0.72 g/t Au and 30.5 g/t Ag). This drilling indicates an extension of the Vortex Zone to the north. Vortex infill drilling highlights include 59 meters grading 2.49 g/t AuEq (2.13 g/t Au and 20.4 g/t Ag) and 56 meters grading 2.31 g/t AuEq (1.00 g/t Au and 74.8 g/t Ag).
Allied Nevada Gold Corp., together with its subsidiaries, engages in the evaluation, acquisition, exploration, and advancement of gold exploration and development projects in the State of Nevada.
Global Hunter Corp. (BOB.V)
Molybdenum is an element with an extremely rich and interesting chemistry having very versatile applications in various fields of human activity. It is used extensively in metallurgical applications. Because of their anti-wear properties, molybdenum compounds find wide applications as lubricants particularly in extreme or hostile environmental situations. Many molybdates and heteropolymolybdates are white and therefore used as pigments.
In addition they are non-toxic and act as efficient corrosion inhibitors and smoke suppressants. Hydro processing of petroleum is one of the largest industries employing heterogeneous catalysts. Molybdenum catalysts have shown great promise in the liquefaction of coal and this may develop into one of its most important catalytic uses. The use of molybdenum compounds in homogeneous catalysis is also significant. The role of molybdenum in inorganic catalysis and enzymes receives prominent mention because of their impact on the progress of science and technology.
Global Hunter Corp. engages in the acquisition, exploration, and development of mineral properties in Canada and Chile. It primarily explores for gold, copper, and base and precious metals. The company was founded in 1988 and is headquartered in Vancouver, Canada.
Global Hunter’s Rabbit South molybdenum project is located within a prolific mining region in the Dominic and Roper Lake area, 27 kilometres west-southwest of the city of Kamloops British Columbia. The property is accessible year round by a combination of highway and logging roads. Rabbit South is situated 25 kilometres northeast of Highland Valley, BC’s largest porphyry copper mine (1.4 billion tonnes @ 0.40% Cu) and 12 kilometres southwest of Afton, BC’s richest porphyry copper mine (107Mi tonnes @ 1.05% Cu, 0.70g/t Au).
The area has been the subject of molybdenum exploration dating back to 1960. Between 1979 and 1981 an extensive exploration program including 69 percussion drill holes and 10 diamond drill holes identified the Roper Lake Molybdenum Target. A non-code-complaint resource of 65 million tonnes at 0.065% of Molybdenum was identified in two zones. Zone A measures 600 metres in length and is 300 meters wide by 60 metres deep, while Zone B has been outlined for 500 metres in length, 400 metres in width and 70 metres in depth.
Global Hunter Corp. announced that it recently completed a surface sampling program at La Corona de Cobre. The program was designed to collect surface samples from the numerous prospective shear zones. This would aid in the definition of drill targets to expand on the copper oxide mineralization. The company has collected approximately 250 samples from the shear zones listed below.
The shear zones and areas of alteration that have been sampled (from East to West) include the following zones:
- El Manto.
- La Golondrina.
- Cerro Borracho.
- El Tazon.
- La Copa.
- La Varrilla.
- Et Tazon.
- Vino Fino.
- Abisinia.
The samples have been collected from outcrops along the entire strike lengths of the shears and will be shipped to ALS Chemex Labs in La Serena Chile for analysis.
For more information about Global Hunter Corp please visit http://www.globalhunter.ca
Gastar Exploration, Ltd. (AMEX:GST) announced that it will release its first quarter 2011 results on Thursday, May 5, 2011 after the market closes. In conjunction with the release, Gastar has scheduled a conference call for 10:00 a.m. Eastern Time on Friday, May 6, 2011 that will be broadcast live over the Internet. Details: Gastar’s First Quarter 2011 Earnings Conference Call on Friday, May 6, 2011 10:00 a.m. ET (9:00 a.m. CT), Live via phone by dialing 480-629-9867 and asking for the Gastar call a few minutes prior to the start time, or live over the Internet by logging on to the web at the address below. http://www.gastar.com. The webcast can be accessed from the Investor Relations home page. For those who cannot listen to the live call, a telephonic replay will be available through May 18, 2011 and may be accessed by calling 303-590-3030, using pass code 4435574#. Also, an archive of the webcast will be available shortly after the call at www.gastar.com.
Gastar Exploration Ltd., an independent energy company, engages in the exploration, development, and production of natural gas and oil primarily in the United States. The company owns and operates exploration and development acreage comprising approximately 28,200 gross acres in the deep Bossier gas play in the Hilltop area of East Texas; and approximately 38,800 gross acres in the Marcellus Shale in the Appalachian area of West Virginia, and central and southwestern Pennsylvania.
Crosshair Exploration & Mining Corp. (AMEX:CXZ) is pleased to announce that the final results from the trenching and bulk sampling program carried out on the Golden Promise Property in central Newfoundland, Canada have been received. The Property is a Joint Venture with Paragon Minerals Corporation (TSX-V:PGR), whereby Crosshair currently owns 60%. The purpose of the program was to determine the recoverability of the gold and to accurately determine the quantity of gold in a portion of the deposit. A total of 2,174 tonnes (t) were delivered to the Nugget Pond Mill in Baie Verte, Newfoundland owned and operated by Rambler Metals and Mining Canada Limited (AIM: RMM)(TSX-V:RAB ). Two gold bars weighing 5.37 kilograms (kg) were poured and shipped to Johnson Matthey Limited (”Johnson Matthey”) in Toronto for refining. In addition to the bars, the ball mill and SAG mill were cleaned out and 482.5 kg of concentrate were also shipped to Johnson Matthey for treatment and refining.
Crosshair Exploration & Mining Corp. engages in the acquisition, exploration, and development of uranium, vanadium, gold, and precious metals in the United States and Canada. Its principal property includes the Bootheel uranium project located in Wyoming.
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