| From: esquilo | 12/4/2010 4:37:08 PM | | | | | | | Randy Reifel comments on the GUN transaction in the President's Letter with Chesapeake annual shareholder paperwork. Most interesting was this comment: "a large, new, exciting target recently discovered elsewhere on the Talapoosa the land package will be drilled next year." |
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| From: TheSlowLane | 12/22/2010 4:07:09 PM | | | | | | Gunpoint Exploration Ltd. Announces Stock Option Grant
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 22, 2010) - Gunpoint Exploration Ltd. ("the Company") (TSX VENTURE:GUN) announces that, subject to regulatory approval, it will grant a total of 2,125,000 options to purchase common shares of the Company at an exercise price of $1.41 to directors, officers and employees pursuant to the Company's stock option plan. This action is being taken in conjunction with the Company's recent share consolidation and name change, which took effect on November 16, 2010 and the appointment of new directors to include P. Randy Reifel, Daniel Kunz and Gerald Sneddon approved at the Company's annual and special general meeting held on November 8, 2010. Refer to the Company's news releases dated November 10, 2010 and November 16, 2010 for further details regarding the share consolidation and name change. The Company previously announced a stock option grant by a news release issued on November 30, 2010. The Company did not grant the options announced on November 30, 2010 |
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| To: TheSlowLane who wrote (15) | 1/28/2011 9:42:33 AM | | From: labbe | | | |
Gunpoint Exploration Ltd.
TSX VENTURE: GUN
Jan 28, 2011 09:30 ETGunpoint Plans 6000-Meter Drill Program at Nevada Talapoosa Property
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 28, 2011) - Gunpoint Exploration Ltd. (TSX VENTURE:GUN) plans to commence exploration drilling on its 100% owned Talapoosa Project (Nevada) in May 2011 as part of its effort to substantially increase the existing NI 43-101 compliant resource (Measured+Indicated+Inferred) of 958,000 ounces of gold at 0.92g/t and 12,483,000 ounces of silver at 12g/t.
Based on the results of a recently completed geophysical survey, Gunpoint has identified several untested IP anomalies under thin post-mineral cover, peripheral to the existing resource at Talapoosa. Historic drill holes in the vicinity of these targets show very encouraging intercepts including;
TAL-213 from 52 to 58m (6m) averaging 17g/t Au
TAL-220 from 68.6 to 71.6m (3m) averaging 8 g/t Au
TAL-195 from 68 to 81m (13m) averaging 7.5 g/t Au
TAL-193 from 70 to 90m (20m) averaging 3.2 g/t Au
In addition, field mapping and sampling during the latter half of 2010 identified the Appaloosa Structure, a 5 km long zone of intense silicification and hydrothermal brecciation, parallel to the Talapoosa structure, and located two kilometers to the north. The numerous breccia bodies, which are generally less than 100 by 50 meters in surface dimensions, contain opal-chalcedony vein and sinter fragments and crosscutting epithermal veins. Grab samples from these breccias have assayed as high as 1.6 g/t gold with anomalous silver, arsenic and mercury. The southeastern kilometer of the Appaloosa structure is more deeply eroded and the breccia bodies grade downward into discrete vein, which were mined on a small scale in the early half of the 19th Century. Channel sampling across a 3-meter wide vein, which was traced along strike for over 600 meters, averaged 11.7g/t Au. A grab samples from old workings on the same vein have assayed as high as 64g/t gold.
Several IP targets associated with surface epithermal veining and underlying IP anomalies, on the eastern end of the Appaloosa Structure have been targeted in the first round of drilling. Similar mineralization is expected to underlie the less deeply eroded breccia bodies along the remaining four kilometers of the Appaloosa Structure.
Last December Gunpoint purchased five lode claims located between Talapoosa and Appaloosa Structures. With the purchase of these claims, Gunpoint now has access to the entire area within the Talapoosa – Appaloosa epithermal gold district. During November, the Company also staked 90 additional mining claims to the north and east of the existing 10,000 hectares comprising the Talapoosa Project.
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 more information, please contact
Gunpoint Exploration Ltd.
Dr. E. Max Baker
President
604-408-8829
www.gunpointexploration.com
christopherjamesgold.com
Click here to see all recent news from this company
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| To: labbe who wrote (16) | 2/1/2011 3:50:05 PM | | From: labbe | | | |
Gunpoint Exploration Ltd
Symbol C : GUN
Shares Issued 39,077,600
Close 2011-01-31 C$ 1.29
Recent Sedar Documents
Jiulian options B.C. properties from Gunpoint
2011-02-01 14:01 ET - News Release
See News Release (C-JLR) Jiulian Resources Inc
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.
Here is a sample of this item:
Mr. X. Charlie Cheng of Jiulian reports
JIULIAN AND GUNPOINT ENTER INTO AGREEMENT FOR PURCHASE AND OPTION OF GUNPOINT'S B.C. PROPERTIES
Jiulian Resources Inc. and Gunpoint Exploration Ltd. have entered into an agreement dated effective Jan. 25, 2011, pursuant to which Jiulian will acquire certain mineral exploration properties from Gunpoint in the Kamloops and Nicola mining districts in British Columbia. Pursuant to the agreement, Jiulian will purchase a 100-per-cent interest in Gunpoint's Big Kidd and Little Fort claim groups. The purchase price for these two groups of claims is a cash payment to Gunpoint of $100,000 and the issuance 1,875,000 common shares of Jiulian. Under the agreement, Gunpoint has also granted to Jiulian the option to purchase Gunpoint's Brassie Creek and Craigmont claims groups. To exercise the option, Jiulian must, within 180 days following the closing of the acquisition, pay to Gunpoint a further $100,000 and issue to Gunpoint an additional 625,000 common shares. Jiulian's title to the Big Kidd and Little Fort claims will be subject to a net smelter return royalty in favour of Gunpoint and applicable Crown royalties. Gunpoint and Jiulian are at arm's length to each other. Following the closing of the acquisition, Dr. E. Max Baker will join the board of directors of Jiulian.
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| From: George Castilarin | 6/22/2011 11:59:14 AM | | | | | | 2011-06-21 09:27 ET - News Release
Dr. E. Baker reports
GUNPOINT COMPLETES PRELIMINARY DRILL PROGRAM AT TALAPOOSA IN NEVADA
Gunpoint Exploration Ltd. has recently completed a preliminary 1,300-meter reconnaissance diamond drill program of eight holes at its wholly owned Talapoosa gold project, located in northwest Nevada. The program was primarily designed to drill test IP targets peripheral to the existing resource at Talapoosa and within the southeast end of the Appaloosa structure (approximately two kilometres to the north of Talapoosa).
Five holes were drilled on the southeast end of the Appaloosa structure, the most deeply eroded part of the epithermal system with outcropping high-grade epithermal veins. Due to difficulties encountered in drilling through a hangingwall fault, the first two holes on the Smokey Vein system failed to reach the target depth. Two alternative holes located below the fault, which targeted the veins at a shallower level, only returned anomalous gold values over several metres. The fifth hole at Talapoosa Gulch, which targeted a five-metre-wide high-grade vein that assayed 16 grams per tonne gold over three metres, did not intersect the mineralized structure. This drill hole passed through the flaring edge of a dacite flow into the underlying tuffs and sediments, which appear to be an unfavourable host for epithermal veining. The remaining 80 per cent of the Appaloosa structure to the northwest, consisting of shallow-level vent breccias and associated sinters with anomalous gold and pathfinder elements, remains untested.
Three additional holes were drilled to the north and west of the existing resource at Talapoosa, targeting extensive IP anomalies below a thin cover of younger basalt. The intersected IP targets appear to be carbon-rich tuffs and sediments rather than disseminated/breccia-hosted mineralization.
The company is currently permitting a program of 12 inclined PQ diamond drill holes to re-evaluate the grade of the existing resource at Talapoosa. Preliminary investigations by the company and Mine Development Associates of Reno, Nev., comparing the gold and silver grades of inclined holes versus vertical holes (the majority of holes drilled to date) suggest that the inclined holes are higher grade. Management believes that the most likely explanation for the observed increase in grade with the inclined drill hole subset is due to a preferred intersection of steeply dipping higher-grade domains, which are largely missed by vertical drill holes, within an overall moderately dipping low-grade mineralized body. The planned 12 drill holes together with the existing inclined holes should enable the company and MDA to evaluate just how significant an increase in grade could be expected by re-evaluating the resource with the inclusion of additional inclined drill holes. In the current program, two deeper holes will be extended to test the possibility of a high-grade feeder system underlying the existing resource.
Mine Development Associates of Reno, Nev., has estimated an NI 43-101-compliant measured and indicated resource of 23 megatons averaging 0.027 ounce per ton (0.84 gram per tonne) gold (632,000 ounces) and 0.357 ounce per ton (11.2 g/t) silver (8,226,000 ounces), and an inferred resource of 12.6 megatons averaging 0.026 ounce per ton (0.813 g/t) gold (326,000 ounces), and 0.338 ounce per ton (10.6 g/t) silver (4,257,000 ounces) based on historical drill data (see news release dated Oct. 12, 2010). The listed resources are at a cut-off of 0.015 ounce per ton (0.46 g/t) gold equivalent.
In addition, the board of directors of Gunpoint has granted Ed Devenyns a total of 50,000 options at a price of $1.40 per share. Mr. Devenyns, based in Reno, Nev., is a consultant retained to maintain Gunpoint's tenements and assist with the company's Nevada projects.
E. Max Baker, BSc (honours), PhD, is the qualified person as defined by National Instrument 43-101 and is responsible for the preparation of this news release. Mine Development Associates has reviewed this news release.
We seek Safe Harbor. |
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