Click here to close now.

Welcome!

.NET Authors: Aria Blog, Pat Romanski, Elizabeth White, Hovhannes Avoyan, Sanjeev Sharma

News Feed Item

Portage Provides Exploration Update on Its Golden Ridge and Golden Pike Projects

ST. ANDREWS, NEW BRUNSWICK -- (Marketwire) -- 02/05/13 -- Portage Minerals Inc. ("Portage") (CNSX:RKX) is pleased to provide an update on exploration of the Golden Ridge and Golden Pike gold properties. Currently, the NI 43-101 compliant mineral resource estimates for both properties are being updated and are anticipated to be completed during the first quarter of 2013.

Golden Ridge Property

Portage owns a 60% interest in the property with Cliffs Chromite Resources Inc. owning 40%. The property is located 80 kilometres west of the City of Fredericton in York County, New Brunswick. The joint venture completed an initial mineral resource estimate dated April 26, 2011, which contains an Inferred Mineral Resource of 11,640,000 tonnes at a grade of 0.96 g/t gold yielding 359,300 ounces of gold. This resource estimate is currently being updated to incorporate 24 drill holes completed in 2011. Highlights of the 2011 drill results include:


- Hole GR-11-62: 0.79 g/t gold over 80.19m including 1.00 g/t over 36.75m   
  and 1.14 g/t gold over 11.40m;                                            
- Hole GR-11-69: 0.71 g/t gold over 27.60m including 1.13 g/t over 10.60m;  
  and                                                                       
  0.89 g/t gold over 92.45m including 2.37 g/t gold over 22.70m;            
- Hole GR-11-73: 1.44 g/t gold over 8.05m; and 0.70 g/t gold over 167.40m   
  including 1.37 g/t gold over 30.05m, 1.67 g/t gold over 13.10m and 1.51   
  g/t gold over 9.0m;                                                       
- Hole GR-11-81: 0.76 g/t gold over 154.10m including 1.28 g/t gold over    
  15.00m, 1.12 g/tgold over 46.50m and 1.20 g/t gold over 24.97m.           
(widths are core length and are not true widths)                            

Full disclosure of Portage's 2011 drill programs and the Golden Ridge resource estimate are available within the Portage news releases dated March 2, 2011; April 26, 2011; June 8, 2011; October 24, 2011 and January 31, 2012. An NI 43-101 compliant technical report on the Golden Ridge Property describing in detail, among other things, the resource estimate, QA/QC, database validation and geologic model, was filed on SEDAR on June 9, 2011.

Golden Pike Property

The Golden Pike Property comprising 1,600 hectares is located 60 kilometres southeast of the City of Fredericton in Kings County, New Brunswick. The Golden Pike Property is owned 100% by Portage and is subject to a 2.0% net smelter return ("NSR"). Portage can purchase half of the NSR (1%) for $500,000 per 0.5% NSR increment.

The mineral resource estimate as of August 19, 2011, contains an Inferred Mineral Resource of 214,800 tonnes at a grade of 9.60 g/t gold (capped) yielding 66,300 ounces of gold (for comparison purposes, the uncapped grade is 13.48 g/t gold yielding 93,100 ounces gold). This resource estimate is currently being updated to incorporate 17 holes and 4 extensions completed in 2011 and 7 holes plus 1 extension in 2012. Highlights of the 2011 and 2012 drill results include:


- Hole DP-11-48: 6.93 g/t gold over 10.62m including 10.55 g/t gold over    
  5.12m;                                                                    
- Hole DP-11-49: 9.09 g/t gold over 3.35m;                                  
- Hole DP-11-54: 19.47 g/t gold over 2.20m;                                 
- Hole DP-11-50: 9.42 g/t gold over 3.80m;                                  
- Hole DP-11-61: 33.30 g/t gold over 1.41m; and                             
- Hole DP-12-63: 2.82 g/t gold over 1.10m.                                  
(widths are core length and are not true widths)                            

Full disclosure of Portage's 2011 program and the Golden Pike Property resource estimate are available within the Portage news releases dated August 24, 2011; December 21, 2011 and February 13, 2012. An NI 43-101 compliant technical report on the Golden Pike Property describing in detail among other things, the resource estimate, QA/QC, database validation and geologic model, was filed on SEDAR on September 8, 2011.

The 2012 drill program completed in November - December of 2012, consisted of approximately 2,013 metres in seven holes and the extension of one existing hole. Three of these holes were exploration oriented testing geophysical targets outside the immediate resource area. Resource sector drilling (holes DP-12-63 to 65, 69 and DP-08-29 extension) tested the northeast depth extension of the known mineralized system with drill step-outs ranging from 70 to 175 metres. All these drill holes, with the exception of hole DP-12-69, encountered the alteration/vein system which ranged from 1.95 to 21.2 metres in thickness. The highest grade assay result was obtained from DP-12-63 which returned 2.82 g/t gold over 1.10 metres. A table of assay results from the 2012 drill program and a longitudinal section of the South Trend Deposit are attached at the end of this news release.

The gold mineralized quartz vein systems of the South Trend Deposit are hosted by mafic volcanic rocks proximal to a volcanic-sediment contact. The mineralized vein zones consist mainly of quartz and carbonate with or without sulphides. Gold-rich sections of the vein system correlate with higher sulphide content and/or sections containing visible gold. Pyrite is the most common sulphide but chalcopyrite, minor sphalerite and galena have been observed. Arsenopyrite is generally absent from the assemblage.

Assays were performed by Activation Laboratories Ltd, Ontario, using the fire assay method (1A3-50) on 50 grams of prepared sample.

Roger Dahn, P. Geo. (New Brunswick), Vice President-Exploration of Portage, is designated as the Qualified Person under National Instrument 43-101 and has reviewed and approved the contents of this news release.

Portage Minerals Inc. is a mineral exploration corporation exploring for gold in Eastern Canada. Further information about Portage can be accessed on the Company's website at www.portagemineralsinc.com and on the SEDAR website at www.sedar.com. The common shares of Portage trade on the Canadian National Stock Exchange ("CNSX") as a mining issuer under the trading symbol "RKX".

To receive Company news releases via e-mail, please advise [email protected] and specify "Portage News" in the subject line.

Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those currently anticipated due to a number of factors and risks. The forward-looking statements contained in this news release are made as of the date hereof and Portage undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.


----------------------------------------------------------------------------
                  2012 GOLDEN PIKE DRILL INTERSECTIONS(1,2)                 
                                                             Interval     Au
                                               From       To (metres)  (g/t)
Hole No.    Coordinates      Dip   Azimuth (metres) (metres)      (1)    (2)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
              273254E /      -46                                            
DP-12-63       5061410N  degrees       115    71.79    72.79     1.00   0.92
                                             145.00   146.00     1.00   0.36
                                             175.09   178.05     2.96   1.21
                                 including   175.09   176.20     1.11   2.82
                                             318.85   319.83     0.98   0.89
----------------------------------------------------------------------------
              273167E /      -47                                            
DP-12-64       5061458N  degrees     112.5   241.57   242.84     1.27   0.26
----------------------------------------------------------------------------
              273206E /      -50                                            
DP-12-65       5061499N  degrees       112   299.00   300.00     1.00   0.13
----------------------------------------------------------------------------
              272997E /      -45                                            
DP-12-66       5060920N  degrees       345       no significant assays      
----------------------------------------------------------------------------
              272886E /      -45                                            
DP-12-67       5061153N  degrees       117       no significant assays      
----------------------------------------------------------------------------
              272934E /      -62                                            
DP-12-68       5061221N  degrees       115       no significant assays      
----------------------------------------------------------------------------
              273380E /      -61                                            
DP-12-69       5061631N  degrees       118       no significant assays      
----------------------------------------------------------------------------
              273225E /      -57                                            
DP-08-29EXT    5061469N  degrees       110       no significant assays      
----------------------------------------------------------------------------
----------------------------------------------------------------------------
(1) Intervals are core length. True width will be defined with additional   
 drilling.                                                                  
                                                                            
(2) Assays were performed by Activation Laboratories Ltd, Ontario using the 
 fire assay method (1A3-50) on 50 grams of prepared sample.                 
----------------------------------------------------------------------------

To view the map "Golden Pike South Deposit (Longitudinal Section)," please visit the following link: http://media3.marketwire.com/docs/portage_minerals_map01_feb05.pdf

The CNSX has not approved and does not accept responsibility for the adequacy or accuracy of this news release.

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
Sensor-enabled things are becoming more commonplace, precursors to a larger and more complex framework that most consider the ultimate promise of the IoT: things connecting, interacting, sharing, storing, and over time perhaps learning and predicting based on habits, behaviors, location, preferences, purchases and more. In his session at @ThingsExpo, Tom Wesselman, Director of Communications Ecosystem Architecture at Plantronics, will examine the still nascent IoT as it is coalescing, including what it is today, what it might ultimately be, the role of wearable tech, and technology gaps stil...
With several hundred implementations of IoT-enabled solutions in the past 12 months alone, this session will focus on experience over the art of the possible. Many can only imagine the most advanced telematics platform ever deployed, supporting millions of customers, producing tens of thousands events or GBs per trip, and hundreds of TBs per month. With the ability to support a billion sensor events per second, over 30PB of warm data for analytics, and hundreds of PBs for an data analytics archive, in his session at @ThingsExpo, Jim Kaskade, Vice President and General Manager, Big Data & Ana...
In the consumer IoT, everything is new, and the IT world of bits and bytes holds sway. But industrial and commercial realms encompass operational technology (OT) that has been around for 25 or 50 years. This grittier, pre-IP, more hands-on world has much to gain from Industrial IoT (IIoT) applications and principles. But adding sensors and wireless connectivity won’t work in environments that demand unwavering reliability and performance. In his session at @ThingsExpo, Ron Sege, CEO of Echelon, will discuss how as enterprise IT embraces other IoT-related technology trends, enterprises with i...
When it comes to the Internet of Things, hooking up will get you only so far. If you want customers to commit, you need to go beyond simply connecting products. You need to use the devices themselves to transform how you engage with every customer and how you manage the entire product lifecycle. In his session at @ThingsExpo, Sean Lorenz, Technical Product Manager for Xively at LogMeIn, will show how “product relationship management” can help you leverage your connected devices and the data they generate about customer usage and product performance to deliver extremely compelling and reliabl...
The Internet of Things (IoT) is causing data centers to become radically decentralized and atomized within a new paradigm known as “fog computing.” To support IoT applications, such as connected cars and smart grids, data centers' core functions will be decentralized out to the network's edges and endpoints (aka “fogs”). As this trend takes hold, Big Data analytics platforms will focus on high-volume log analysis (aka “logs”) and rely heavily on cognitive-computing algorithms (aka “cogs”) to make sense of it all.
One of the biggest impacts of the Internet of Things is and will continue to be on data; specifically data volume, management and usage. Companies are scrambling to adapt to this new and unpredictable data reality with legacy infrastructure that cannot handle the speed and volume of data. In his session at @ThingsExpo, Don DeLoach, CEO and president of Infobright, will discuss how companies need to rethink their data infrastructure to participate in the IoT, including: Data storage: Understanding the kinds of data: structured, unstructured, big/small? Analytics: What kinds and how responsiv...
Since 2008 and for the first time in history, more than half of humans live in urban areas, urging cities to become “smart.” Today, cities can leverage the wide availability of smartphones combined with new technologies such as Beacons or NFC to connect their urban furniture and environment to create citizen-first services that improve transportation, way-finding and information delivery. In her session at @ThingsExpo, Laetitia Gazel-Anthoine, CEO of Connecthings, will focus on successful use cases.
Sensor-enabled things are becoming more commonplace, precursors to a larger and more complex framework that most consider the ultimate promise of the IoT: things connecting, interacting, sharing, storing, and over time perhaps learning and predicting based on habits, behaviors, location, preferences, purchases and more. In his session at @ThingsExpo, Tom Wesselman, Director of Communications Ecosystem Architecture at Plantronics, will examine the still nascent IoT as it is coalescing, including what it is today, what it might ultimately be, the role of wearable tech, and technology gaps stil...
The true value of the Internet of Things (IoT) lies not just in the data, but through the services that protect the data, perform the analysis and present findings in a usable way. With many IoT elements rooted in traditional IT components, Big Data and IoT isn’t just a play for enterprise. In fact, the IoT presents SMBs with the prospect of launching entirely new activities and exploring innovative areas. CompTIA research identifies several areas where IoT is expected to have the greatest impact.
Wearable devices have come of age. The primary applications of wearables so far have been "the Quantified Self" or the tracking of one's fitness and health status. We propose the evolution of wearables into social and emotional communication devices. Our BE(tm) sensor uses light to visualize the skin conductance response. Our sensors are very inexpensive and can be massively distributed to audiences or groups of any size, in order to gauge reactions to performances, video, or any kind of presentation. In her session at @ThingsExpo, Jocelyn Scheirer, CEO & Founder of Bionolux, will discuss ho...
Roberto Medrano, Executive Vice President at SOA Software, had reached 30,000 page views on his home page - http://RobertoMedrano.SYS-CON.com/ - on the SYS-CON family of online magazines, which includes Cloud Computing Journal, Internet of Things Journal, Big Data Journal, and SOA World Magazine. He is a recognized executive in the information technology fields of SOA, internet security, governance, and compliance. He has extensive experience with both start-ups and large companies, having been involved at the beginning of four IT industries: EDA, Open Systems, Computer Security and now SOA.
The industrial software market has treated data with the mentality of “collect everything now, worry about how to use it later.” We now find ourselves buried in data, with the pervasive connectivity of the (Industrial) Internet of Things only piling on more numbers. There’s too much data and not enough information. In his session at @ThingsExpo, Bob Gates, Global Marketing Director, GE’s Intelligent Platforms business, to discuss how realizing the power of IoT, software developers are now focused on understanding how industrial data can create intelligence for industrial operations. Imagine ...
Operational Hadoop and the Lambda Architecture for Streaming Data Apache Hadoop is emerging as a distributed platform for handling large and fast incoming streams of data. Predictive maintenance, supply chain optimization, and Internet-of-Things analysis are examples where Hadoop provides the scalable storage, processing, and analytics platform to gain meaningful insights from granular data that is typically only valuable from a large-scale, aggregate view. One architecture useful for capturing and analyzing streaming data is the Lambda Architecture, representing a model of how to analyze rea...
SYS-CON Events announced today that Vitria Technology, Inc. will exhibit at SYS-CON’s @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Vitria will showcase the company’s new IoT Analytics Platform through live demonstrations at booth #330. Vitria’s IoT Analytics Platform, fully integrated and powered by an operational intelligence engine, enables customers to rapidly build and operationalize advanced analytics to deliver timely business outcomes for use cases across the industrial, enterprise, and consumer segments.
The explosion of connected devices / sensors is creating an ever-expanding set of new and valuable data. In parallel the emerging capability of Big Data technologies to store, access, analyze, and react to this data is producing changes in business models under the umbrella of the Internet of Things (IoT). In particular within the Insurance industry, IoT appears positioned to enable deep changes by altering relationships between insurers, distributors, and the insured. In his session at @ThingsExpo, Michael Sick, a Senior Manager and Big Data Architect within Ernst and Young's Financial Servi...
SYS-CON Events announced today that Open Data Centers (ODC), a carrier-neutral colocation provider, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. Open Data Centers is a carrier-neutral data center operator in New Jersey and New York City offering alternative connectivity options for carriers, service providers and enterprise customers.
The explosion of connected devices / sensors is creating an ever-expanding set of new and valuable data. In parallel the emerging capability of Big Data technologies to store, access, analyze, and react to this data is producing changes in business models under the umbrella of the Internet of Things (IoT). In particular within the Insurance industry, IoT appears positioned to enable deep changes by altering relationships between insurers, distributors, and the insured. In his session at @ThingsExpo, Michael Sick, a Senior Manager and Big Data Architect within Ernst and Young's Financial Servi...
PubNub on Monday has announced that it is partnering with IBM to bring its sophisticated real-time data streaming and messaging capabilities to Bluemix, IBM’s cloud development platform. “Today’s app and connected devices require an always-on connection, but building a secure, scalable solution from the ground up is time consuming, resource intensive, and error-prone,” said Todd Greene, CEO of PubNub. “PubNub enables web, mobile and IoT developers building apps on IBM Bluemix to quickly add scalable realtime functionality with minimal effort and cost.”
SYS-CON Events announced today that GENBAND, a leading developer of real time communications software solutions, has been named “Silver Sponsor” of SYS-CON's WebRTC Summit, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. The GENBAND team will be on hand to demonstrate their newest product, Kandy. Kandy is a communications Platform-as-a-Service (PaaS) that enables companies to seamlessly integrate more human communications into their Web and mobile applications - creating more engaging experiences for their customers and boosting collaboration and productiv...
From telemedicine to smart cars, digital homes and industrial monitoring, the explosive growth of IoT has created exciting new business opportunities for real time calls and messaging. In his session at @ThingsExpo, Ivelin Ivanov, CEO and Co-Founder of Telestax, shared some of the new revenue sources that IoT created for Restcomm – the open source telephony platform from Telestax. Ivelin Ivanov is a technology entrepreneur who founded Mobicents, an Open Source VoIP Platform, to help create, deploy, and manage applications integrating voice, video and data. He is the co-founder of TeleStax, a...