Welcome!

Microsoft Cloud Authors: Liz McMillan, Elizabeth White, Pat Romanski, Mihai Corbuleac, David Bermingham

News Feed Item

Orsa Reports Positive Assay Results at Quartz Mountain Property

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/16/13 -- Orsa Ventures Corp. ("Orsa" or the "Company") (TSX VENTURE:ORN) is pleased to announce further positive confirmatory drill results at its wholly-owned Quartz Mountain Property, in Lake County, Oregon, USA.

Drill core from the 2004 and 2009 drill campaigns was relocated to Orsa's new office and core logging facility in the town of Lakeview. Given the focus of the previous operators on high grade vein systems for those drill programs, the majority of the core was not split, logged, nor assayed.

Orsa's immediate priorities include the detailed logging and sampling for gold assay and for geochemistry of the nine diamond drill holes on Crone Hill and Quartz Butte domes comprising the Quincy Drilling Campaign of 2004. In total, Quincy drilled three holes on Crone Hill for 2,377 feet (724.5 metres ("m")), and six holes on Quartz Butte for 5,789 feet (1764.5 metres).

The Crone Hill and Quartz Butte domes contain a 2.85 million ounce Inferred gold Resource (110,448,000 tonnes grading 0.80 grams per tonne ("g/t") gold) with excellent exploration upside. That resource is based on 263,000 feet (80,000 metres) of drilling completed in the 1980's.

Orsa is pleased to report that all holes intercepted anticipated gold mineralization as modeled with highlights as follows:

Highlights include:

Hole QM-725 returned a weighted average of 29 m of 0.92 g/t Au;

Hole QM-728 returned a weighted average of 15.2 m of 0.74 g/t Au, and 44.2 m of 1 g/t Au;

Hole QM-729 returned a weighted average of 51.8 m of 1.13 g/t Au; and

Hole QM-730 returned a weighted average of 45.7 m of 0.88 g/t Au.

Assays for these drill holes are as shown in the attached table.

Reported intervals must be at least 1.5 meters wide; drill hole intercepts are reported at a 0.2 g/t Au cutoff or a 0.4 g/t Au cutoff. Intervals contain no more than four low-grade to barren samples between mineralized samples containing over 0.2 g/t Au or intervals contain no more than two low-grade to barren samples between mineralized samples containing over 0.4g/t Au.

Orsa Ventures utilizes a comprehensive QA/QC program consisting of blanks, drill rig sample duplicates and reference samples to ensure best practices are followed and the data collected is of the highest quality. All samples were prepared to normal industry standards and assayed for gold by Fire assay with AA finish by Als Chemex of Reno accredited to ISO/IEC 17025-2005 standards to provide complete assurance regarding quality performance in every aspect of their network. Intercepts are close to true thickness.


Table 2 Assay Results (see Map 1 below)                                   
                                                                          
--------------------------------------------------------------------------
                                                           Interval        
                         Azimuth      Dip    From       To       (1) Au (2)
Hole #     East   North (degrees)(degrees)(metres) (metres) (metres)  (g/t)
--------------------------------------------------------------------------
QM-725  1921055  239932      350      -70    77.7    106.7       29   0.92
--------------------------------------------------------------------------
                                            137.2    176.8     39.6   0.26
--------------------------------------------------------------------------
QM-726  1921065  239831    292.6      -82    88.4    117.4       29   0.33
--------------------------------------------------------------------------
                                            131.1    161.5     20.4   0.29
--------------------------------------------------------------------------
                                            182.9    207.3     24.4   0.37
--------------------------------------------------------------------------
                                            219.3      221      1.7   0.49
--------------------------------------------------------------------------
QM-728  1920562  239981      105      -48    85.3    100.6     15.2   0.25
--------------------------------------------------------------------------
                                            143.3    149.4      6.1   0.53
--------------------------------------------------------------------------
                                            167.6    182.9     15.2   0.74
--------------------------------------------------------------------------
                                            195.1    239.3     44.2    1.0
--------------------------------------------------------------------------
                                            254.5    257.6      3.1   0.77
--------------------------------------------------------------------------
                                            266.7    274.3      7.6   0.63
--------------------------------------------------------------------------
                                                                         
--------------------------------------------------------------------------
QM-729  1920645  240205      120    -57.5    44.2    332.8    288.7   0.57
--------------------------------------------------------------------------
                         Include            268.2    320.0    51.82   1.13
--------------------------------------------------------------------------
QM-730  1920646  240205       98    -59.7    57.9    103.6     45.7   0.88
--------------------------------------------------------------------------
                                            112.8    132.6     19.8   0.45
--------------------------------------------------------------------------
                                            253.0    283.5     30.5   0.63
--------------------------------------------------------------------------
                                                                         
--------------------------------------------------------------------------
QM-732  1921283  240334    128.4    -67.2    64.0    128.0     62.5   1.14
--------------------------------------------------------------------------
                                            149.4    179.8    30.48   0.52
--------------------------------------------------------------------------
                                            Assay                          
                                          pending                          
--------------------------------------------------------------------------

Please click the following link for the drilling map and sections http://www.slideshare.net/slideshow/embed_code/16010944

Bruno Barde P. Geo. manages Orsa's exploration and development programs at Quartz Mountain and is the Qualified Person as defined by National Instrument 43-101. He supervised the preparation of the technical information in this release.

About Orsa

Orsa Ventures Corp. is a junior development company focused on the exploration for, and development of, gold-silver-copper properties in the western United States. In addition to the Quartz Mountain Property, Orsa recently announced the discovery of significant sediment-hosted gold system at its Coal Canyon Property in the Oreana Mining Trend, Nevada, where over 10 million ounces has been discovered since 2009. The Company also has the right to earn a 51% interest Ashby Property, a former gold producer and porphyry copper-gold target, located in the Walker Lane Mining Trend, host to several large copper and gold deposits in Nevada.

On behalf of the Board of Directors,

Linda Thorstad, President and Chief Executive Officer

FORWARD LOOKING STATEMENTS

This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur, and include, without limitation, statements regarding the Company's plans with respect to the closing of the Financing and the use of proceeds thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

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.

Contacts:
Orsa Ventures Corp.
Linda Thorstad
President and Chief Executive Officer
604.608.6680
604.558.0087 (FAX)
www.orsaventures.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
As cloud and storage projections continue to rise, the number of organizations moving to the cloud is escalating and it is clear cloud storage is here to stay. However, is it secure? Data is the lifeblood for government entities, countries, cloud service providers and enterprises alike and losing or exposing that data can have disastrous results. There are new concepts for data storage on the horizon that will deliver secure solutions for storing and moving sensitive data around the world. ...
Join us at Cloud Expo | @ThingsExpo 2016 – June 7-9 at the Javits Center in New York City and November 1-3 at the Santa Clara Convention Center in Santa Clara, CA – and deliver your unique message in a way that is striking and unforgettable by taking advantage of SYS-CON's unmatched high-impact, result-driven event / media packages.
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, will provide an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life ...
SYS-CON Events announced today that IBM Cloud Data Services has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. IBM Cloud Data Services offers a portfolio of integrated, best-of-breed cloud data services for developers focused on mobile computing and analytics use cases.
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in Embedded and IoT solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and ...
18th Cloud Expo, taking place June 7-9, 2016, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises are using some...
Cloud computing delivers on-demand resources that provide businesses with flexibility and cost-savings. The challenge in moving workloads to the cloud has been the cost and complexity of ensuring the initial and ongoing security and regulatory (PCI, HIPAA, FFIEC) compliance across private and public clouds. Manual security compliance is slow, prone to human error, and represents over 50% of the cost of managing cloud applications. Determining how to automate cloud security compliance is critical...
SYS-CON Events announced today that MobiDev will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex software systems for startups and enterprises. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobile software company with over 200 develope...
SoftLayer operates a global cloud infrastructure platform built for Internet scale. With a global footprint of data centers and network points of presence, SoftLayer provides infrastructure as a service to leading-edge customers ranging from Web startups to global enterprises. SoftLayer's modular architecture, full-featured API, and sophisticated automation provide unparalleled performance and control. Its flexible unified platform seamlessly spans physical and virtual devices linked via a world...
SYS-CON Events announced today that BMC Software has been named "Siver Sponsor" of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. BMC is a global leader in innovative software solutions that help businesses transform into digital enterprises for the ultimate competitive advantage. BMC Digital Enterprise Management is a set of innovative IT solutions designed to make digital business fast, seamless, and optimized from mainframe to mo...
"What we see what happens when you have a completely networked society and the potential to now drive the value creation and the collaboration and the ecosystems that are possible when you start to be able to connect people and industries together in ways that have never been possible before," explained Esmeralda Swartz, VP of Marketing Enterprise & Cloud at Ericsson, in this SYS-CON.tv interview at @ThingsExpo, held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA.
Companies can harness IoT and predictive analytics to sustain business continuity; predict and manage site performance during emergencies; minimize expensive reactive maintenance; and forecast equipment and maintenance budgets and expenditures. Providing cost-effective, uninterrupted service is challenging, particularly for organizations with geographically dispersed operations.
The Internet of Things (IoT) is growing rapidly by extending current technologies, products and networks. By 2020, Cisco estimates there will be 50 billion connected devices. Gartner has forecast revenues of over $300 billion, just to IoT suppliers. Now is the time to figure out how you’ll make money – not just create innovative products. With hundreds of new products and companies jumping into the IoT fray every month, there’s no shortage of innovation. Despite this, McKinsey/VisionMobile data...
The IoTs will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
SYS-CON Events announced today TechTarget has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. TechTarget is the Web’s leading destination for serious technology buyers researching and making enterprise technology decisions. Its extensive global networ...
SYS-CON Events announced today that MangoApps will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device. For more information, please visit https://www.mangoapps.com/.
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management...
The essence of data analysis involves setting up data pipelines that consist of several operations that are chained together – starting from data collection, data quality checks, data integration, data analysis and data visualization (including the setting up of interaction paths in that visualization). In our opinion, the challenges stem from the technology diversity at each stage of the data pipeline as well as the lack of process around the analysis.
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, wh...