Click here to close now.




















Welcome!

Microsoft Cloud Authors: Liz McMillan, Greg O'Connor, Aleksei Gavrilenko, Elizabeth White, Pat Romanski

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
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
MuleSoft has announced the findings of its 2015 Connectivity Benchmark Report on the adoption and business impact of APIs. The findings suggest traditional businesses are quickly evolving into "composable enterprises" built out of hundreds of connected software services, applications and devices. Most are embracing the Internet of Things (IoT) and microservices technologies like Docker. A majority are integrating wearables, like smart watches, and more than half plan to generate revenue with APIs within the next year.
The Internet of Everything (IoE) brings together people, process, data and things to make networked connections more relevant and valuable than ever before – transforming information into knowledge and knowledge into wisdom. IoE creates new capabilities, richer experiences, and unprecedented opportunities to improve business and government operations, decision making and mission support capabilities.
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Opening Keynote at 16th Cloud Expo, Sandy Carter, IBM General Manager Cloud Ecosystem and Developers, and a Social Business Evangelist, d...
In his keynote at 16th Cloud Expo, Rodney Rogers, CEO of Virtustream, discussed the evolution of the company from inception to its recent acquisition by EMC – including personal insights, lessons learned (and some WTF moments) along the way. Learn how Virtustream’s unique approach of combining the economics and elasticity of the consumer cloud model with proper performance, application automation and security into a platform became a breakout success with enterprise customers and a natural fit for the EMC Federation.
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists addressed this very serious issue of profound change in the industry.
Discussions about cloud computing are evolving into discussions about enterprise IT in general. As enterprises increasingly migrate toward their own unique clouds, new issues such as the use of containers and microservices emerge to keep things interesting. In this Power Panel at 16th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the state of cloud computing today, and what enterprise IT professionals need to know about how the latest topics and trends affect their organization.
For IoT to grow as quickly as analyst firms’ project, a lot is going to fall on developers to quickly bring applications to market. But the lack of a standard development platform threatens to slow growth and make application development more time consuming and costly, much like we’ve seen in the mobile space. In his session at @ThingsExpo, Mike Weiner, Product Manager of the Omega DevCloud with KORE Telematics Inc., discussed the evolving requirements for developers as IoT matures and conducted a live demonstration of how quickly application development can happen when the need to comply wit...
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Architect for the Internet of Things and Intelligent Systems, described how to revolutionize your archit...
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society-changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his session at @ThingsExpo, Jason Mondanaro, Director, Product Management at Metanga, discussed how you can plan to cooperate, partner, and form lasting all-star teams to change the world and it starts with business models and monetization strategies.
Converging digital disruptions is creating a major sea change - Cisco calls this the Internet of Everything (IoE). IoE is the network connection of People, Process, Data and Things, fueled by Cloud, Mobile, Social, Analytics and Security, and it represents a $19Trillion value-at-stake over the next 10 years. In her keynote at @ThingsExpo, Manjula Talreja, VP of Cisco Consulting Services, discussed IoE and the enormous opportunities it provides to public and private firms alike. She will share what businesses must do to thrive in the IoE economy, citing examples from several industry sectors.
There will be 150 billion connected devices by 2020. New digital businesses have already disrupted value chains across every industry. APIs are at the center of the digital business. You need to understand what assets you have that can be exposed digitally, what their digital value chain is, and how to create an effective business model around that value chain to compete in this economy. No enterprise can be complacent and not engage in the digital economy. Learn how to be the disruptor and not the disruptee.
Akana has released Envision, an enhanced API analytics platform that helps enterprises mine critical insights across their digital eco-systems, understand their customers and partners and offer value-added personalized services. “In today’s digital economy, data-driven insights are proving to be a key differentiator for businesses. Understanding the data that is being tunneled through their APIs and how it can be used to optimize their business and operations is of paramount importance,” said Alistair Farquharson, CTO of Akana.
Business as usual for IT is evolving into a "Make or Buy" decision on a service-by-service conversation with input from the LOBs. How does your organization move forward with cloud? In his general session at 16th Cloud Expo, Paul Maravei, Regional Sales Manager, Hybrid Cloud and Managed Services at Cisco, discusses how Cisco and its partners offer a market-leading portfolio and ecosystem of cloud infrastructure and application services that allow you to uniquely and securely combine cloud business applications and services across multiple cloud delivery models.
The enterprise market will drive IoT device adoption over the next five years. In his session at @ThingsExpo, John Greenough, an analyst at BI Intelligence, division of Business Insider, analyzed how companies will adopt IoT products and the associated cost of adopting those products. John Greenough is the lead analyst covering the Internet of Things for BI Intelligence- Business Insider’s paid research service. Numerous IoT companies have cited his analysis of the IoT. Prior to joining BI Intelligence, he worked analyzing bank technology for Corporate Insight and The Clearing House Payment...
"Optimal Design is a technology integration and product development firm that specializes in connecting devices to the cloud," stated Joe Wascow, Co-Founder & CMO of Optimal Design, in this SYS-CON.tv interview at @ThingsExpo, held June 9-11, 2015, at the Javits Center in New York City.
SYS-CON Events announced today that CommVault has been named “Bronze Sponsor” of SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. A singular vision – a belief in a better way to address current and future data management needs – guides CommVault in the development of Singular Information Management® solutions for high-performance data protection, universal availability and simplified management of data on complex storage networks. CommVault's exclusive single-platform architecture gives companies unp...
Electric Cloud and Arynga have announced a product integration partnership that will bring Continuous Delivery solutions to the automotive Internet-of-Things (IoT) market. The joint solution will help automotive manufacturers, OEMs and system integrators adopt DevOps automation and Continuous Delivery practices that reduce software build and release cycle times within the complex and specific parameters of embedded and IoT software systems.
"ciqada is a combined platform of hardware modules and server products that lets people take their existing devices or new devices and lets them be accessible over the Internet for their users," noted Geoff Engelstein of ciqada, a division of Mars International, in this SYS-CON.tv interview at @ThingsExpo, held June 9-11, 2015, at the Javits Center in New York City.
Internet of Things is moving from being a hype to a reality. Experts estimate that internet connected cars will grow to 152 million, while over 100 million internet connected wireless light bulbs and lamps will be operational by 2020. These and many other intriguing statistics highlight the importance of Internet powered devices and how market penetration is going to multiply many times over in the next few years.