Moin, das unten hab ich gerade im w:o board gefunden. "Nur" die Goldprojekte sollten schon für nen Kurssprung gut sein - egal, was man von der Uran-Geschichte hält ...
>>>Ein echter Wahnsinn! ich hab das jetzt noch nicht wirklich nachgerechnet, aber 20 Millionen Tonnen mit Silbergehalt 365g/t und Gold 2,15g/t - da kommt die aktuelle Marketcap von ca. 31 Mio. kanadische Dollar wohl nicht mehr ganz hin!!
naja, verständlich, dass die Aktie in Kanada (und hier auch übrigens!) vom Handel ausgesetzt ist ...
Congrats jedenfalls allen Investierten - hört sich doch richtig gut an imho
Northwestern files Conceptual Study for Picachos, details mineral resource and reserve estimates
NOT FOR DISSEMINATION TO US NEWSWIRE SERVICES OR DISSEMINATION INTO THE
UNITED STATES./
TORONTO, Feb 03, 2005 (Canada NewsWire via COMTEX) --
Northwestern Mineral Ventures Inc. (TSX-V: NWT) is pleased to announce the filing of its Conceptual Study for the Picachos property with the TSX and on SEDAR. The report, entitled " A Conceptual Study of the Picachos Silver-Gold-Base Metals Prospects, Western Durango State, Mexico" dated 14 January, 2005, and prepared by Watts, Griffis and McOuat Limited (" WGM" ) of Toronto, concluded that " the Picachos property has the potential to host a deposit of 20 million tonnes of ore grading approximately 365 grams silver per tonne and approximately 2.15 grams gold per tonne."
The Conceptual Study is a key document used by Northwestern's management team in determining the optimal exploration strategy for its Picachos property, located in Durango State, Mexico.
As part of the study, Northwestern asked WGM to provide an estimate of the type and size of deposit that the Picachos property may host. Consequently, WGM examined various deposits in the Sierra Madre region that are believed to offer comparable geology to the Picachos area. The Sierra Madre hosts Wheaton River Minerals' Tayoltita Mine, and Northwestern's Picachos property is located within a gold-silver district spanning 1,600 kilometres from near the northern U.S. border to the Pachuca deposit just north of Mexico City. Located within a caldera structure similar to, but not as highly eroded as the Tayoltita caldera, WGM believes that the Picachos structure may be unique in that it is perhaps the only such structure without a significant producing mine in this section of the Sierra Madre. WGM concluded that better exposure of mineralization in the Tayoltita area may have drawn early explorers away from the nearby Picachos area.
Wheaton River reported 2003 production of 57,487 ounces of gold and 5,661,254 ounces of silver at Tayoltita. Other prominent mines in the area include San Martin, with 2003 production of 36,000 ounces of gold and 465,000 ounces of silver, and La Cienega, with approximately 96,500 ounces of gold produced annually. Production and resources for other mines and deposits in the belt are summarized in the study.
In its conclusions, WGM said that when compared to other properties with mines in the Sierra Madre, Northwestern's Picachos property has no significant discernable variances that would lead it to believe that the company could not host a Tayoltita-sized deposit. Indeed, based on its conceptual model, WGM stated it " is of the firm opinion that the Tayoltita Mine offers a viable exploration target model."
" The deposit numbers were not chosen arbitrarily," explained Kabir Ahmed, President and CEO of Northwestern. " In fact, WGM has provided us with a deposit size that it believes to be conservative. The silver grade selected by WGM is the weighted average of 1998 and 2003 production at Tayoltita. The gold grade is 50% of the weighted average of 1998 and 2003 production, a grade which is also significantly lower than the reported historical production grade for gold at Tayoltita."
In the previously filed 43-101 report for the Picachos property, WGM concluded that ongoing exploration is warranted and proposed a work program budget in excess of CDN $500,000. In the Conceptual Study, WGM also recommended that continuing mineralogical work be incorporated into the exploration program to further investigate how Picachos mineralization compares with Tayoltita mineralization.
The potential quantity and grade set forth in the report prepared by WGM is conceptual in nature, there has been insufficient exploration to define a mineral resource on the property and it is uncertain if further exploration will result in discovery of a mineral resource on the property.
The WGM report was prepared by Al Workman, P.Geo., and Ross MacFarlane, P.Eng. Mr. Workman is Senior Geologist and Vice-President of WGM, and a qualified person as defined by National Instrument 43-101. Mr. MacFarlane is a Senior Associate Metallurgical Engineer for WGM who is also a qualified person having visited all of the major producers in the San Dimas mining district of western Durango State. Please refer to the Conceptual Study on SEDAR for further information on the Picachos property. All of the disclosure in this press release is based upon the aforementioned Conceptual Study, and the information contained herein was reviewed by Al Workman.
ABOUT NORTHWESTERN:
Northwestern Mineral Ventures (
www.northwestmineral.com) is an emerging international exploration company with an experienced management team. The company is focused on properties with potential uranium and iron-oxide copper- gold targets and currently has interests in Mexico's Durango and Sinaloa provinces and Canada's Northwest Territories. Northwestern is listed on the TSX Venture Exchange under the symbol " NWT."
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
This news release includes certain " forward looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital.
VIEW ADDITIONAL COMPANY-SPECIFIC INFORMATION:
http://www.newswire.ca/en/releases/o....cgi?okey=2103
For further information: Investor Relations: (866) 437-9551, info(at)northwestmineral.com
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