By: Nick Slinde
Georgia
We are continuing to gain support for a zone change from contiguous property owners in an effort to eliminate the existing 500 ft buffers which severely restrict the site’s mineability. Provided sufficient support is secured, we will seek 3rd party verification of past assays and proceed with the land use process. Timelines will be provided once available.
Arizona
Eagle Mining is in the process of contacting the parties who drafted the original bulk sampling applications for the AZ property. As was previously posted, discussions with BLM Arizona, equipment manufacturers and industry consultants suggest that a re-organization of the current workable area depth can and should be expanded to improve the projects footprint. We will evaluate overall feasibility once it is determined whether the area can be expanded.
General Update
Funding for operations, investigation, and advancement of existing and future projects has and will be a challenge for Drake considering its current share structure and the state of the market. Further, creating cash flow and increasing long term shareholder value and sustainability remain our main concerns. To this end, Drake has expanded its current business plan to facilitate the creation of revenue through strategic alliances and market expansion. We are evaluating many possible "turn-key" opportunities and are nearing completion of our due diligence on several of these possibilities. Initial terms are being discussed.
Drake is also working to utilize current management strengths and experience to explore opportunities in the real estate market. Recognizing Drake's main objectives and the precarious state of the economy, we are carefully researching each opportunity and will take no action until we are certain the project will fulfill the needs of the company both short and long term.
Showing posts with label Georgia. Show all posts
Showing posts with label Georgia. Show all posts
Thursday, October 30, 2008
Tuesday, September 30, 2008
CEO Nicholas J. Slinde Updates the Shareholders on Georgia and Arizona Projects
by: Nick Slinde
Based on the numerous issues Drake's former management had advancing the Georgia and Arizona Projects, I felt it necessary to reevaluate Drake's projects and determine if the same were truly viable from a monetary and/or regulatory perspective. That review has raised certain concerns about both projects which are outlined below:
Georgia
As a preliminary matter, a number of shareholders have inquired as to the legitimacy of the assays previously taken on site. Although we believe these assays are accurate and verifiable, it is prudent to have them confirmed by an independent third party. However, before incurring that expense, I felt additional investigation was needed to determine the true area of mineability and regulatory impact a free flowing stream located on site would have on the project. Applicable code requires a 500' buffer between mining activities and adjacent property lines which severely restricts the mineable area. To expand the mineable area, it is necessary to secure the rights to neighboring parcels and include them in the zone change application. Drake's current Lessor has been enlisted to help facilitate these acquisitions. This process should be completed before expending additional resources, monetary or otherwise, on the project. With respect to the stream, its central location further restricts an already limited mineable area. Applicable code requires a 50' buffer between workable area and water resource. To minimize impact and ensure an economically feasible project, I believe Drake must first acquire rights to the neighboring properties to effectively expand the mineable area. Provided additional properties can be secured, every effort will be made to prove up the sites’ potential yield through the confirmation of existing assays and ready the properties for production.
Arizona
I was similarly concerned with the restricted area of mineablity and reclamation process allowed/required under the current bulk sampling permit. Under the current Mining Notice, the dimensions in which active mining can occur were severely limited by the filed notice and existing bond. The BLM has confirmed that this area can be expanded by way of revising the mining notice and increasing the bond, if necessary. However, before this avenue is pursued, I believe it necessary to have non-refined assays taken from site evaluated, as existing assays measure the gold content of already refined samples. Management is working to arrange for the removal of non-refined on site material for testing. These processes, although time-consuming, are necessary to confirm the viability of the project. This process is ongoing and updates will be given as information is made available.
Where We Go from Here…
Funding for operations, project investigation and the advancement of projects, existing and future, remain a major concern. The current state of the financial markets has made raising capital extremely difficult and the shareholders' overwhelming opposition to a share restructuring severely limited our ability to generate much-needed funds. Nonetheless, we are working through a number of creative concepts for expanding Drake's operations to create revenue through strategic alliances and market expansion. Specifics about any such opportunities will be passed on once it is determined the same offer realistic growth opportunities for Drake. Ultimately, it is our shareholder base that will facilitate executing on these opportunities. Your continued involvement and support are appreciated.
As for the blog updates, I originally intended on giving bi-weekly updates and apologize they have not come that often. In the short term, I think it is more appropriate to provide updates whenever information worthy of distribution becomes available. This ultimately may be less frequent than originally proposed but will create what I hope to be a more fluid dialogue between management and the shareholders.
Please continue directing any questions and comments you may have to CEO@drakegold.com. As I am receiving a number of emails daily, it is becoming increasingly difficult to respond each of them directly. However, I promise any inquiries are being reviewed and considered at our weekly management meetings.
Based on the numerous issues Drake's former management had advancing the Georgia and Arizona Projects, I felt it necessary to reevaluate Drake's projects and determine if the same were truly viable from a monetary and/or regulatory perspective. That review has raised certain concerns about both projects which are outlined below:
Georgia
As a preliminary matter, a number of shareholders have inquired as to the legitimacy of the assays previously taken on site. Although we believe these assays are accurate and verifiable, it is prudent to have them confirmed by an independent third party. However, before incurring that expense, I felt additional investigation was needed to determine the true area of mineability and regulatory impact a free flowing stream located on site would have on the project. Applicable code requires a 500' buffer between mining activities and adjacent property lines which severely restricts the mineable area. To expand the mineable area, it is necessary to secure the rights to neighboring parcels and include them in the zone change application. Drake's current Lessor has been enlisted to help facilitate these acquisitions. This process should be completed before expending additional resources, monetary or otherwise, on the project. With respect to the stream, its central location further restricts an already limited mineable area. Applicable code requires a 50' buffer between workable area and water resource. To minimize impact and ensure an economically feasible project, I believe Drake must first acquire rights to the neighboring properties to effectively expand the mineable area. Provided additional properties can be secured, every effort will be made to prove up the sites’ potential yield through the confirmation of existing assays and ready the properties for production.
Arizona
I was similarly concerned with the restricted area of mineablity and reclamation process allowed/required under the current bulk sampling permit. Under the current Mining Notice, the dimensions in which active mining can occur were severely limited by the filed notice and existing bond. The BLM has confirmed that this area can be expanded by way of revising the mining notice and increasing the bond, if necessary. However, before this avenue is pursued, I believe it necessary to have non-refined assays taken from site evaluated, as existing assays measure the gold content of already refined samples. Management is working to arrange for the removal of non-refined on site material for testing. These processes, although time-consuming, are necessary to confirm the viability of the project. This process is ongoing and updates will be given as information is made available.
Where We Go from Here…
Funding for operations, project investigation and the advancement of projects, existing and future, remain a major concern. The current state of the financial markets has made raising capital extremely difficult and the shareholders' overwhelming opposition to a share restructuring severely limited our ability to generate much-needed funds. Nonetheless, we are working through a number of creative concepts for expanding Drake's operations to create revenue through strategic alliances and market expansion. Specifics about any such opportunities will be passed on once it is determined the same offer realistic growth opportunities for Drake. Ultimately, it is our shareholder base that will facilitate executing on these opportunities. Your continued involvement and support are appreciated.
As for the blog updates, I originally intended on giving bi-weekly updates and apologize they have not come that often. In the short term, I think it is more appropriate to provide updates whenever information worthy of distribution becomes available. This ultimately may be less frequent than originally proposed but will create what I hope to be a more fluid dialogue between management and the shareholders.
Please continue directing any questions and comments you may have to CEO@drakegold.com. As I am receiving a number of emails daily, it is becoming increasingly difficult to respond each of them directly. However, I promise any inquiries are being reviewed and considered at our weekly management meetings.
Wednesday, September 3, 2008
Georgia Lease Update
By: Drake Management
Drake management has succeeded in restructuring its Georgia lease agreements, by signing directly with the property owner. As previously announced, Company management determined that the previous structuring of lease agreements were insufficient to protect shareholder value. Specifically, the Joint Venture agreement with Southern Mining Exploration was void and the leases held by SME were invalid.
Upon making this discovery, Company management placed a hold on all forward movement with this project until new agreements were in place. After exploring every option, Drake terminated its relationship with SME and entered into lease agreements directly with the Georgia lessor, who is fully supportive of Drake’s endeavors in the area. With the new lease structure, Drake maintains full control over all operational decisions, actions and management.
Drake management has succeeded in restructuring its Georgia lease agreements, by signing directly with the property owner. As previously announced, Company management determined that the previous structuring of lease agreements were insufficient to protect shareholder value. Specifically, the Joint Venture agreement with Southern Mining Exploration was void and the leases held by SME were invalid.
Upon making this discovery, Company management placed a hold on all forward movement with this project until new agreements were in place. After exploring every option, Drake terminated its relationship with SME and entered into lease agreements directly with the Georgia lessor, who is fully supportive of Drake’s endeavors in the area. With the new lease structure, Drake maintains full control over all operational decisions, actions and management.
Monday, August 25, 2008
Project Status Update
by: Drake Management
ATLIN SILVER PROJECT
New management has decided to relinquish all interests in our Atlin Silver Project in Canada. We determined that despite the project’s potential for silver resources, its remote location presents too great an obstacle for profitability. The Atlin Project is located in an isolated region of British Columbia. Access to the property requires at minimum a several hundred-mile helicopter ride. Also, its northern climate severely restricts the mining season. These factors convinced company management that the Atlin Silver Project was not viable.
GEORGIA MINING PROJECT
During management’s internal review, it was determined that the current structuring of leases and agreements were insufficient to protect shareholder value. Specifically, the Joint Venture agreement with Southern Mining Exploration was void and the leases held by SME were invalid. Management is currently exploring alternative options to structure agreements pertinent to the Georgia project.
The Dove Explorer 500 has not been delivered to the site, as Aero Surface Mining Technologies has failed to fulfill its contractual obligations to Drake.
EAGLE MINING
There are no substantive updates at this time, but Drake management maintains a positive working relationship with Eagle Mining and is working to secure the equipment necessary to commence production.
ATLIN SILVER PROJECT
New management has decided to relinquish all interests in our Atlin Silver Project in Canada. We determined that despite the project’s potential for silver resources, its remote location presents too great an obstacle for profitability. The Atlin Project is located in an isolated region of British Columbia. Access to the property requires at minimum a several hundred-mile helicopter ride. Also, its northern climate severely restricts the mining season. These factors convinced company management that the Atlin Silver Project was not viable.
GEORGIA MINING PROJECT
During management’s internal review, it was determined that the current structuring of leases and agreements were insufficient to protect shareholder value. Specifically, the Joint Venture agreement with Southern Mining Exploration was void and the leases held by SME were invalid. Management is currently exploring alternative options to structure agreements pertinent to the Georgia project.
The Dove Explorer 500 has not been delivered to the site, as Aero Surface Mining Technologies has failed to fulfill its contractual obligations to Drake.
EAGLE MINING
There are no substantive updates at this time, but Drake management maintains a positive working relationship with Eagle Mining and is working to secure the equipment necessary to commence production.
Thursday, April 24, 2008
Our Dove Explorer 500
By: Drake Management
As you all know, we at Drake are currently awaiting the shipment of our Explorer 500 from Dove Mining and Equipment. This machinery, secured with no up-front costs, is a mining powerhouse with a processing speed of up to 60 tons of solids an hour. To the left is a picture of the model we will be receiving in the coming weeks.
Read Disclaimer
Tuesday, April 22, 2008
Georgia Sampling Pictures
By: Drake Management
Drake has recently released some exciting assay results from recent samples collected by our President, John Marconette. Mr. Marconette gathered the hard rock samples from surface to a depth of 12 inches. These collections did not come from a single hard rock source, but reflect the fractured nature of much of the hard rock discovered on the property. Because these quartz deposits are fractured, moving the material with excavators in order to be processed should be relatively unhindered. No blasting will be required to process the fractured quartz; these deposits are thus rather accessible and while processing them will require crushing, they should pose minimum additional preparations.
The pictures below are of 5 of the recent samples and were taken by Mr. Marconette, providing insight into their size and condition.
Read Disclaimer
Drake has recently released some exciting assay results from recent samples collected by our President, John Marconette. Mr. Marconette gathered the hard rock samples from surface to a depth of 12 inches. These collections did not come from a single hard rock source, but reflect the fractured nature of much of the hard rock discovered on the property. Because these quartz deposits are fractured, moving the material with excavators in order to be processed should be relatively unhindered. No blasting will be required to process the fractured quartz; these deposits are thus rather accessible and while processing them will require crushing, they should pose minimum additional preparations.
The pictures below are of 5 of the recent samples and were taken by Mr. Marconette, providing insight into their size and condition.
Read Disclaimer
Monday, April 21, 2008
Drake Gold Announces New Assay Results
By: Drake Management
The management team at Drake Gold is thrilled to announce the latest laboratory analysis of samples taken from our Georgia gold mining site. As we have explained in previous public statements, members of Drake management recently traveled to Georgia on two separate occasions for the purpose of gathering further samples from the property. During each of these trips gold was visibly seen in pans from samples processed on site. Toward the end of February, Drake management was on-site, collecting strictly soil samples. The main objective of these collections was to lend added insight into the true location of the primary gold source on the property. As previously mentioned, these samples were sent to ALS Chemex labs in Sparks, NV. Due to errors made by the laboratory, these samples unfortunately took nearly a month to be processed. While waiting for the completion of these results, another set of samples collected at the same time were sent to Texas to another independent laboratory, Southern Spectrographic Laboratory, which had completed assays for Drake to our satisfaction in the past. The purpose of these samples was to determine the gold parts per million in the trenches thus reflecting the values at different depths. The samples were left unconcentrated and unadulterated for the purpose of a reading for trace gold. Though many of these samples at first glance do not reflect an impressive presence of gold in the soil, the fact that the 33 samples sent to Als Chemex (weighing roughly one pound each) showed trace gold. This we view as impressive.
Upon receipt of these analyses President John Marconette examined the results and determined the probable location of the gold source. The results ultimately lent credibility to Drake management’s suspicions that the strongest concentrations of gold lay to the north of the property. Supporting this theory of the gold’s location, Mr. Marconette took additional samples near these locations. The placer samples returned a significant showing of gold during Drake management’s following trip to the Georgia site. In this area, Mr. Marconette predominantly gathered hard rock samples hoping to find greater concentrations of gold, revealing a more accurate determination of the source of gold. This strategy proved fruitful, as the final set of samples from the site demonstrated substantially higher levels of gold than before. As named in Drake’s most recent press release and tabulated below, this assay showed gold concentrations as high as 2.51 ounces per ton. Of the 18 samples collected on this most recent excursion to the Georgia property, 16 showed gold with 13 of those samples demonstrating concentrations greater than .25 ounces per ton and 4 of those 13 reflecting concentrations of over an ounce per ton.
These findings are significant and represent the culmination of extensive and concerted efforts to locate Drake’s target zone on site. Our work to garner an accurate picture of the lay of the land and the location of gold reserves on the property began in the spring of 2007, when management first began collecting samples for assay. This first set of samples were gathered from a wide parcel of the property in order to get a sense of the land as a whole before tightening our focus on a specific area on site. As shown in the table below, Hazen Research in Colorado conducted these samples in April 2007. The results were promising, with alluvial concentrations as high as .571 ounces per ton. This analysis provided enough assurance of the strong presence of gold for Drake to move forward with our plans for the property.
Using the first assay results to lead us toward the gold source, Drake management returned to Georgia and gathered additional samples in order to gather further information needed to tighten our focus on the property.We sent the 18 collected samples to ALS Chemex in Sparks, Nevada for analysis. As you can see from the table below, the resulting analysis was also favorable, with gold concentrations 10 parts per million or higher.
As described above and tabulated below, the third set of samples taken from the property may not demonstrate the most robust alluvial concentrations from the site, but the analysis of these parcels of soil lent significant aide to our efforts to accurately place gold reserves on the property. These samples were purely soil collections and thus not the most accurate reflection of potential on site. They did, however, point us in the right direction of the true target area. Using the information from these assays, Mr. Marconette identified the probable location of the gold and on management’s most recent trip to Georgia gathered a set of samples that we have already shown to be impressive. We are immensely excited by the return of this assay and are propelled by these findings to press on and expand plans for our Georgia operation. While we had previously focused primarily on extracting alluvial gold, we are now encouraged to develop our plans to include hard rock. Though we will begin processing the placer deposits, Drake hopes to soon after begin core sampling, determining an accurate estimate of gold reserves present on the property and eventually extracting these deposits in order to fully maximize the mining potential of this site. These processes will be conducted under the guide lines of standards of disclosure for mineral projects, National Instrument 43-101.
In review, Drake has been able to secure all 5 sets of samples and can now determine the average grades as well as probable resources and output. Upon discovery of this higher concentration we can now focus our operational plan and permits on this area of our property. These assays will additionally increase the average grade throughout this property and help shape the Georgia Reserve Report management is preparing for release.
Read Disclaimer
The management team at Drake Gold is thrilled to announce the latest laboratory analysis of samples taken from our Georgia gold mining site. As we have explained in previous public statements, members of Drake management recently traveled to Georgia on two separate occasions for the purpose of gathering further samples from the property. During each of these trips gold was visibly seen in pans from samples processed on site. Toward the end of February, Drake management was on-site, collecting strictly soil samples. The main objective of these collections was to lend added insight into the true location of the primary gold source on the property. As previously mentioned, these samples were sent to ALS Chemex labs in Sparks, NV. Due to errors made by the laboratory, these samples unfortunately took nearly a month to be processed. While waiting for the completion of these results, another set of samples collected at the same time were sent to Texas to another independent laboratory, Southern Spectrographic Laboratory, which had completed assays for Drake to our satisfaction in the past. The purpose of these samples was to determine the gold parts per million in the trenches thus reflecting the values at different depths. The samples were left unconcentrated and unadulterated for the purpose of a reading for trace gold. Though many of these samples at first glance do not reflect an impressive presence of gold in the soil, the fact that the 33 samples sent to Als Chemex (weighing roughly one pound each) showed trace gold. This we view as impressive.
Upon receipt of these analyses President John Marconette examined the results and determined the probable location of the gold source. The results ultimately lent credibility to Drake management’s suspicions that the strongest concentrations of gold lay to the north of the property. Supporting this theory of the gold’s location, Mr. Marconette took additional samples near these locations. The placer samples returned a significant showing of gold during Drake management’s following trip to the Georgia site. In this area, Mr. Marconette predominantly gathered hard rock samples hoping to find greater concentrations of gold, revealing a more accurate determination of the source of gold. This strategy proved fruitful, as the final set of samples from the site demonstrated substantially higher levels of gold than before. As named in Drake’s most recent press release and tabulated below, this assay showed gold concentrations as high as 2.51 ounces per ton. Of the 18 samples collected on this most recent excursion to the Georgia property, 16 showed gold with 13 of those samples demonstrating concentrations greater than .25 ounces per ton and 4 of those 13 reflecting concentrations of over an ounce per ton.
These findings are significant and represent the culmination of extensive and concerted efforts to locate Drake’s target zone on site. Our work to garner an accurate picture of the lay of the land and the location of gold reserves on the property began in the spring of 2007, when management first began collecting samples for assay. This first set of samples were gathered from a wide parcel of the property in order to get a sense of the land as a whole before tightening our focus on a specific area on site. As shown in the table below, Hazen Research in Colorado conducted these samples in April 2007. The results were promising, with alluvial concentrations as high as .571 ounces per ton. This analysis provided enough assurance of the strong presence of gold for Drake to move forward with our plans for the property.
Using the first assay results to lead us toward the gold source, Drake management returned to Georgia and gathered additional samples in order to gather further information needed to tighten our focus on the property.We sent the 18 collected samples to ALS Chemex in Sparks, Nevada for analysis. As you can see from the table below, the resulting analysis was also favorable, with gold concentrations 10 parts per million or higher.
As described above and tabulated below, the third set of samples taken from the property may not demonstrate the most robust alluvial concentrations from the site, but the analysis of these parcels of soil lent significant aide to our efforts to accurately place gold reserves on the property. These samples were purely soil collections and thus not the most accurate reflection of potential on site. They did, however, point us in the right direction of the true target area. Using the information from these assays, Mr. Marconette identified the probable location of the gold and on management’s most recent trip to Georgia gathered a set of samples that we have already shown to be impressive. We are immensely excited by the return of this assay and are propelled by these findings to press on and expand plans for our Georgia operation. While we had previously focused primarily on extracting alluvial gold, we are now encouraged to develop our plans to include hard rock. Though we will begin processing the placer deposits, Drake hopes to soon after begin core sampling, determining an accurate estimate of gold reserves present on the property and eventually extracting these deposits in order to fully maximize the mining potential of this site. These processes will be conducted under the guide lines of standards of disclosure for mineral projects, National Instrument 43-101.
In review, Drake has been able to secure all 5 sets of samples and can now determine the average grades as well as probable resources and output. Upon discovery of this higher concentration we can now focus our operational plan and permits on this area of our property. These assays will additionally increase the average grade throughout this property and help shape the Georgia Reserve Report management is preparing for release.
Read Disclaimer
Summary of Assays for Drake's Georgia Operation
By: Drake Management
1st Assay Results:
Hazen Research, Inc.
Samples Taken 4/9/07
Samples were collected by Jan Yarrington over a five mile section including the Georgia property and some of the surrounding area. As stated on Drake’s November 30, 2007 announcement, "Assay results (below) indicate a viable gold resource at the surface and indicate a significant gold resource at depth. The hard-rock assay values are of particular interest: maximum 0.571 ounces of gold per ton or $340 per ton. The placer gold values are even more concentrated, approaching 1 ounce per ton consistently (combination of DG-20 and DG-15). Typically, when exploring for gold, one has to rely on placer gravels to lead to an area of high concentration in the hard rock. The samples assayed at the Georgia property, however, have shown significant gold concentrations in the hard rock as well as the placer."
"To put these sample concentrations into perspective, the cut-off grade for open-pit gold mines is 0.01 ounces of gold per ton. The Georgia samples have concentrations in the hard rock that are 50 times that of low grade ore."
Read Full 1st Assay Results
SAMPLE.......................GOLD OZ/TON
D212-1.................................0.106
D212-2.................................0.230
D212-3.................................0.566
D212-4.................................0.012
D212-5.................................0.014
D212-6.................................0.018
D212-7.................................0.571
2nd Assay Results
ALS Chemex
Samples Taken 9/6/07
With the advisement of Drake management, Jan Yarrington again collected samples, targeting areas that showed promise in the previous assay. As stated on Drake’s November 30, 2007 announcement, “Samples reported by Dr. McLemore processed by ALS Chemex had a maximum record of 10 grams per ton so that trace elements would be evaluated. Four of the samples, both hard rock and placer, again came in over 10 grams per ton. The exact amount over is undetermined due to the process.”
Read Full 2nd Assay Results
SAMPLE ..........GOLD PARTS PER MILLION
A-A-D.................................0.017
A-1+1..................................0.014
B-1-B................................>0.005
B-1-B-2...............................3.890
B4-10..................................0.015
JBBC ................................>0.005
F-1-C.................................>0.005
F-1-VEIN..........................>0.005
HC-4....................................0.007
A-1+3 CON.........................5.200
AA-1+3 CON......................0.285
A-1+3-U CON .................<10.00
CP-1..................................<10.00
E-1.......................................0.063
T-1 CON ..........................<10.00
T-1-B CON.......................<10.00
KHI.....................................2.330
3rd Assay Results Part 1:
ALS Chemex
Samples Taken 2/28/08
Samples were taken by Thomas Conar, Clayton Smith and Jan Yarrington. These collections represent purely soil samples. Quoted from the March 11, 2008 announcement, “Drake's management mining plan called for independent analyses from two different labs to ensure accuracy of sampling. As indicated on the Company's blog and in past press updates, Drake management identified its initial target area in Georgia and did depth sampling, digging seven trenches and sampling from each zone to determine the gold resources.”
Read Full 3rd Assay Results Part 1
SAMPLE.............GOLD PARTS PER MILLION
JB H(1) S(1)........................0.006
JB H(1) S(2)........................0.004
JB H(1) S(3)........................0.006
JB H(1) S(4)........................0.002
JB H(1) S(5)........................0.005
JB H(2) S(1)........................0.006
JB H(2) S(2)........................0.006
JB H(2) S(3)........................0.004
JB H(2) S(4)........................0.004
JB H(2) S(5)........................0.004
JB H(3) S(1)........................0.005
JB H(3) S(2)........................0.003
JB H(3) S(3)........................0.01
JB H(3) S(4)........................0.005
JB H(3) S(5)........................0.003
JB H(4) S(1)........................0.01
JB H(4) S(2)........................0.006
JB H(4) S(3)........................0.007
JB H(4) S(4)........................0.013
JB H(4) S(5)........................0.007
NE of Buchanan..................0.006
HP (I) NE F Bucknoan......0.002
RI 01/30/08 Sample (1)..0.004
V-MC-H(1) S(1).................0.002
V-MC-H(1) S(2).................0.006
V-MC-H(2) S(1).................0.003
V-MC-H(2) S(2).................0.003
V-MC-H(3) S(1).................0.003
V-MC-H(3) S(2).................0.005
Concentrate vs. S(2)..........0.004
No Description #1..............0.002
No Description #2..............0.004
JB HA(1) Sample 5..............0.002
3rd Assay Results Part 2:
Southern Spectrographic Laboratory, Inc.
Samples Taken 2/28/08
Samples, taken at the same time as the samples from Part 1, Soil and hard rock, were sent to Texas due to the unfortunate delay in results from Nevada where the first batch was sent. These clearly show the variation in concentration of the hard rock. As stated in the March 11, 2008 press announcement, “With the help of both ALS Chemex in Sparks, Nevada and Southern Spectrographic Laboratory in Irving, Texas, Drake was able to process 42 samples in total. The majority (35 out of 42) of the samples all showed gold values from unconcentrated grab samples with a maximum placer sample of .47 ounces per ton and a hard rock sample running as high as 4.23 ounces per ton.”
Read Full 3rd Assay Results Part 2
SAMPLES............................GOLD OZ/TON
Iron Ore ..................................<0.03
Quartes ...................................<0.03
J-B Hole 3...............................<0.03
4 J-B Hole 4 Concentrate.....<0.03
NE Creek B1 Black Sand.......<0.03
Norm Farm Field .................<0.03
B3 NE Creek ..........................<0.03
B3 Hard Rock Crush ...............0.47
B1&B2 NE of Vein ...................4.23
4th Assay Results:
Southern Spectrographic Laboratory, Inc.
Samples Taken 3/17/08 to 3/21/08
Following review of the third set of assays, President John Marconette was significantly encouraged to travel on-site and collect further samplings of the hard rock. Mr. Marconette personally oversaw the on-site sampling in March. The eighteen samples were sent to Southern Spectrographic Laboratory, Inc. for analysis, from which the assay data referenced derived. While past collections had focused primarily on soil sampling, Mr. Marconette decided to more closely examine the hard rock grades on the property, thus leading to these exciting discoveries.
Read Full 4th Assay Results
SAMPLE .........................GOLD OZ/TON
Upper Vally NW ....................1.74
Lower Valley ..........................2.51
N Hill Lower 2 .......................0.23
N Hill Lower 1 .......................0.78
Hole 1 ......................................0.22
W Hill Behind H.A2..............0.32
Crush Valley Ore Creek........0.41
Hole 3 .....................................0.38
N Hill Side Property.............0.015
N Hill Valley Power Line.....0.11
N Center Hill .........................0.011
Creek Screen .......................<0.01
Drive Way ..............................0.39
Big Rock Next to House.......0.66
W Hill Behind H.A1............<0.01
Hole 1 .....................................1.00
Behind House ........................1.13
Big Quartz’s ...........................0.45
Read Disclaimer
1st Assay Results:
Hazen Research, Inc.
Samples Taken 4/9/07
Samples were collected by Jan Yarrington over a five mile section including the Georgia property and some of the surrounding area. As stated on Drake’s November 30, 2007 announcement, "Assay results (below) indicate a viable gold resource at the surface and indicate a significant gold resource at depth. The hard-rock assay values are of particular interest: maximum 0.571 ounces of gold per ton or $340 per ton. The placer gold values are even more concentrated, approaching 1 ounce per ton consistently (combination of DG-20 and DG-15). Typically, when exploring for gold, one has to rely on placer gravels to lead to an area of high concentration in the hard rock. The samples assayed at the Georgia property, however, have shown significant gold concentrations in the hard rock as well as the placer."
"To put these sample concentrations into perspective, the cut-off grade for open-pit gold mines is 0.01 ounces of gold per ton. The Georgia samples have concentrations in the hard rock that are 50 times that of low grade ore."
Read Full 1st Assay Results
SAMPLE.......................GOLD OZ/TON
D212-1.................................0.106
D212-2.................................0.230
D212-3.................................0.566
D212-4.................................0.012
D212-5.................................0.014
D212-6.................................0.018
D212-7.................................0.571
2nd Assay Results
ALS Chemex
Samples Taken 9/6/07
With the advisement of Drake management, Jan Yarrington again collected samples, targeting areas that showed promise in the previous assay. As stated on Drake’s November 30, 2007 announcement, “Samples reported by Dr. McLemore processed by ALS Chemex had a maximum record of 10 grams per ton so that trace elements would be evaluated. Four of the samples, both hard rock and placer, again came in over 10 grams per ton. The exact amount over is undetermined due to the process.”
Read Full 2nd Assay Results
SAMPLE ..........GOLD PARTS PER MILLION
A-A-D.................................0.017
A-1+1..................................0.014
B-1-B................................>0.005
B-1-B-2...............................3.890
B4-10..................................0.015
JBBC ................................>0.005
F-1-C.................................>0.005
F-1-VEIN..........................>0.005
HC-4....................................0.007
A-1+3 CON.........................5.200
AA-1+3 CON......................0.285
A-1+3-U CON .................<10.00
CP-1..................................<10.00
E-1.......................................0.063
T-1 CON ..........................<10.00
T-1-B CON.......................<10.00
KHI.....................................2.330
3rd Assay Results Part 1:
ALS Chemex
Samples Taken 2/28/08
Samples were taken by Thomas Conar, Clayton Smith and Jan Yarrington. These collections represent purely soil samples. Quoted from the March 11, 2008 announcement, “Drake's management mining plan called for independent analyses from two different labs to ensure accuracy of sampling. As indicated on the Company's blog and in past press updates, Drake management identified its initial target area in Georgia and did depth sampling, digging seven trenches and sampling from each zone to determine the gold resources.”
Read Full 3rd Assay Results Part 1
SAMPLE.............GOLD PARTS PER MILLION
JB H(1) S(1)........................0.006
JB H(1) S(2)........................0.004
JB H(1) S(3)........................0.006
JB H(1) S(4)........................0.002
JB H(1) S(5)........................0.005
JB H(2) S(1)........................0.006
JB H(2) S(2)........................0.006
JB H(2) S(3)........................0.004
JB H(2) S(4)........................0.004
JB H(2) S(5)........................0.004
JB H(3) S(1)........................0.005
JB H(3) S(2)........................0.003
JB H(3) S(3)........................0.01
JB H(3) S(4)........................0.005
JB H(3) S(5)........................0.003
JB H(4) S(1)........................0.01
JB H(4) S(2)........................0.006
JB H(4) S(3)........................0.007
JB H(4) S(4)........................0.013
JB H(4) S(5)........................0.007
NE of Buchanan..................0.006
HP (I) NE F Bucknoan......0.002
RI 01/30/08 Sample (1)..0.004
V-MC-H(1) S(1).................0.002
V-MC-H(1) S(2).................0.006
V-MC-H(2) S(1).................0.003
V-MC-H(2) S(2).................0.003
V-MC-H(3) S(1).................0.003
V-MC-H(3) S(2).................0.005
Concentrate vs. S(2)..........0.004
No Description #1..............0.002
No Description #2..............0.004
JB HA(1) Sample 5..............0.002
3rd Assay Results Part 2:
Southern Spectrographic Laboratory, Inc.
Samples Taken 2/28/08
Samples, taken at the same time as the samples from Part 1, Soil and hard rock, were sent to Texas due to the unfortunate delay in results from Nevada where the first batch was sent. These clearly show the variation in concentration of the hard rock. As stated in the March 11, 2008 press announcement, “With the help of both ALS Chemex in Sparks, Nevada and Southern Spectrographic Laboratory in Irving, Texas, Drake was able to process 42 samples in total. The majority (35 out of 42) of the samples all showed gold values from unconcentrated grab samples with a maximum placer sample of .47 ounces per ton and a hard rock sample running as high as 4.23 ounces per ton.”
Read Full 3rd Assay Results Part 2
SAMPLES............................GOLD OZ/TON
Iron Ore ..................................<0.03
Quartes ...................................<0.03
J-B Hole 3...............................<0.03
4 J-B Hole 4 Concentrate.....<0.03
NE Creek B1 Black Sand.......<0.03
Norm Farm Field .................<0.03
B3 NE Creek ..........................<0.03
B3 Hard Rock Crush ...............0.47
B1&B2 NE of Vein ...................4.23
4th Assay Results:
Southern Spectrographic Laboratory, Inc.
Samples Taken 3/17/08 to 3/21/08
Following review of the third set of assays, President John Marconette was significantly encouraged to travel on-site and collect further samplings of the hard rock. Mr. Marconette personally oversaw the on-site sampling in March. The eighteen samples were sent to Southern Spectrographic Laboratory, Inc. for analysis, from which the assay data referenced derived. While past collections had focused primarily on soil sampling, Mr. Marconette decided to more closely examine the hard rock grades on the property, thus leading to these exciting discoveries.
Read Full 4th Assay Results
SAMPLE .........................GOLD OZ/TON
Upper Vally NW ....................1.74
Lower Valley ..........................2.51
N Hill Lower 2 .......................0.23
N Hill Lower 1 .......................0.78
Hole 1 ......................................0.22
W Hill Behind H.A2..............0.32
Crush Valley Ore Creek........0.41
Hole 3 .....................................0.38
N Hill Side Property.............0.015
N Hill Valley Power Line.....0.11
N Center Hill .........................0.011
Creek Screen .......................<0.01
Drive Way ..............................0.39
Big Rock Next to House.......0.66
W Hill Behind H.A1............<0.01
Hole 1 .....................................1.00
Behind House ........................1.13
Big Quartz’s ...........................0.45
Read Disclaimer
Thursday, April 17, 2008
Drake Gold Resources Announces Engagement of Harbin Engineering P.C.
By: Drake Management
Harbin Engineering is assisting Drake management in its efforts to rezone the property to allow mining activities. As explained in previous updates, this requires the filing of certain paperwork in person at the county zoning offices, for which Harbin’s close proximity to the Georgia operation will prove invaluable. Harbin is also securing the requisite property and topographic surveys as needed for permitting and engineering design of any mining facilities on site. Additionally, Harbin has been working closely with Drake management in the preparation of applications, forms, reports, plans, etc. as required by the Georgia Environmental Protection Division (EPD) for obtaining a mining permit, as well as an erosion and sediment control permit. The firm will also assist in the preparation of all permit paperwork required by the National Pollution Discharge and Elimination System (NPDES) with regards to stormwater activities. Harbin will also prepare detailed engineering plans for mining infrastructure which may include the construction of roads, buildings, landscaping, lined ponds, and utility support to facilitate mining activities. Drake and Harbin Engineering have outlined a general scope of the necessary work to be completed by the firm. Harbin will be on retainer to consult and aid with any issues that may arise throughout this process.
Harbin Engineering will be responsible for the following:
Assistance with rezoning of subject property to allow mining activities; assistance in securing the required property and topographic surveys necessary for environmental permitting and engineering design of mining facilities; preparation of applications, forms, reports, plans, etc. required by the Georgia Environmental Protection Division (EPD) for obtaining a mining permit, erosion and sediment control permit, and a National Pollution Discharge and Elimination System (NPDES) permit for stormwater activities; preparation of detailed engineering plans for mining infrastructure which may include roads, buildings, landscaping, lined ponds, utility support, etc. in order to facilitate mining activities, assistance in securing a contract with a licensed well driller for a process water well, and provide general consulting assistance on other engineering activities as needed for mining operations.
Read Disclaimer
Harbin Engineering is assisting Drake management in its efforts to rezone the property to allow mining activities. As explained in previous updates, this requires the filing of certain paperwork in person at the county zoning offices, for which Harbin’s close proximity to the Georgia operation will prove invaluable. Harbin is also securing the requisite property and topographic surveys as needed for permitting and engineering design of any mining facilities on site. Additionally, Harbin has been working closely with Drake management in the preparation of applications, forms, reports, plans, etc. as required by the Georgia Environmental Protection Division (EPD) for obtaining a mining permit, as well as an erosion and sediment control permit. The firm will also assist in the preparation of all permit paperwork required by the National Pollution Discharge and Elimination System (NPDES) with regards to stormwater activities. Harbin will also prepare detailed engineering plans for mining infrastructure which may include the construction of roads, buildings, landscaping, lined ponds, and utility support to facilitate mining activities. Drake and Harbin Engineering have outlined a general scope of the necessary work to be completed by the firm. Harbin will be on retainer to consult and aid with any issues that may arise throughout this process.
Harbin Engineering will be responsible for the following:
Assistance with rezoning of subject property to allow mining activities; assistance in securing the required property and topographic surveys necessary for environmental permitting and engineering design of mining facilities; preparation of applications, forms, reports, plans, etc. required by the Georgia Environmental Protection Division (EPD) for obtaining a mining permit, erosion and sediment control permit, and a National Pollution Discharge and Elimination System (NPDES) permit for stormwater activities; preparation of detailed engineering plans for mining infrastructure which may include roads, buildings, landscaping, lined ponds, utility support, etc. in order to facilitate mining activities, assistance in securing a contract with a licensed well driller for a process water well, and provide general consulting assistance on other engineering activities as needed for mining operations.
Read Disclaimer
Thursday, April 3, 2008
Drake Gold Announces Renewed Directional Focus
By: Drake Management
Following our organizational restructuring with Drake’s new management, we are sharpening our focus on the mining of minerals and precious metals. Although we formerly pursued interests in oil and natural gas, we have decided at this time such pursuits are distractions from our core gold-mining business. As a result, the board has ceased expending time and resources in the oil/natural gas sector.
With the great influx of opportunities from our relationship with AERO Mining Tech as distributors of Dove Mining equipment, and our efforts to move into full-scale production on our Georgia mining claim, our time and attention must be channeled effectively in order to maximize success.
One immediate objective is the coordination of our Dove Explorer 500 arrival with the completion of all required mining permits. We are pleased to report a recent surge of interest in our Dove Mining equipment distribution arm. As mentioned in previous updates, our ongoing relationship with AERO has opened up several new opportunities for potential joint ventures and future projects.
With such important considerations requiring our attention, tightening our focus solely on mining will maximize our efforts for success as a producing mining company and a leader in the distribution of mining equipment.
Katherine Jones, VP of Operations, has this to say: “Mr. Marconette’s decision to secure the relationship with one of the world’s largest mining manufacturers has opened up an invaluable source of opportunity for Drake. We are currently reviewing equipment contacts with established mining companies and exploring joint-venture opportunities with turnkey operations.”
Read Disclaimer
Following our organizational restructuring with Drake’s new management, we are sharpening our focus on the mining of minerals and precious metals. Although we formerly pursued interests in oil and natural gas, we have decided at this time such pursuits are distractions from our core gold-mining business. As a result, the board has ceased expending time and resources in the oil/natural gas sector.
With the great influx of opportunities from our relationship with AERO Mining Tech as distributors of Dove Mining equipment, and our efforts to move into full-scale production on our Georgia mining claim, our time and attention must be channeled effectively in order to maximize success.
One immediate objective is the coordination of our Dove Explorer 500 arrival with the completion of all required mining permits. We are pleased to report a recent surge of interest in our Dove Mining equipment distribution arm. As mentioned in previous updates, our ongoing relationship with AERO has opened up several new opportunities for potential joint ventures and future projects.
With such important considerations requiring our attention, tightening our focus solely on mining will maximize our efforts for success as a producing mining company and a leader in the distribution of mining equipment.
Katherine Jones, VP of Operations, has this to say: “Mr. Marconette’s decision to secure the relationship with one of the world’s largest mining manufacturers has opened up an invaluable source of opportunity for Drake. We are currently reviewing equipment contacts with established mining companies and exploring joint-venture opportunities with turnkey operations.”
Read Disclaimer
Friday, March 28, 2008
New Georgia Location!
By: Drake Management
Drake Gold Resources is excited to announce the establishment of a new office location in Georgia. In order to effectively complete the permitting process of our Georgia mining operation, we are establishing an Atlanta-based office for necessary meetings with local/state officials and organizations, regarding plans to move our operation to full production. We believe a local address will aid our permitting efforts, helping us gain further ground in this process and increasing our accessibility to officials, organizations, and local landowners. The office is virtual, providing us with meeting rooms and fractional office space. All calls to our Georgia phone number will be routed to Drake team members regardless of their location.
The acquisition of this office will serve as a strategic base of operations as our endeavors in Georgia grow. Chief Operating Officer James Goularte agrees, remarking: “With our new office location, combined with other exciting developments, Drake is moving closer to the day when it will be a salient name within the mining and mining-equipment distribution industries.”
Please feel free to contact us at:
Drake Gold Resources Inc.
260 Peachtree Street NW
Suite 2200
Atlanta, GA 30303
Phone: (404) 563-7049
Fax: (678) 731-1650
Email: MGT@DrakeGold.com
Read Disclaimer
Drake Gold Resources is excited to announce the establishment of a new office location in Georgia. In order to effectively complete the permitting process of our Georgia mining operation, we are establishing an Atlanta-based office for necessary meetings with local/state officials and organizations, regarding plans to move our operation to full production. We believe a local address will aid our permitting efforts, helping us gain further ground in this process and increasing our accessibility to officials, organizations, and local landowners. The office is virtual, providing us with meeting rooms and fractional office space. All calls to our Georgia phone number will be routed to Drake team members regardless of their location.
The acquisition of this office will serve as a strategic base of operations as our endeavors in Georgia grow. Chief Operating Officer James Goularte agrees, remarking: “With our new office location, combined with other exciting developments, Drake is moving closer to the day when it will be a salient name within the mining and mining-equipment distribution industries.”
Please feel free to contact us at:
Drake Gold Resources Inc.
260 Peachtree Street NW
Suite 2200
Atlanta, GA 30303
Phone: (404) 563-7049
Fax: (678) 731-1650
Email: MGT@DrakeGold.com
Read Disclaimer
Wednesday, March 19, 2008
Georgia Permitting Update
Our previous management update has caused some confusion concerning our efforts to move toward production on our Georgia mining operation. Our full intent is to secure necessary permits in order to mine our Georgia claims. We have been in regular contact with the proper local and state departments to begin the permitting process.
As part of our ongoing preparations for our Georgia mining claim, Drake Gold has discussed at length the permitting process and procedures with several representatives from the Environmental Protection Division (EPD) in Georgia. Over recent months, since the beginning of our preproduction efforts, they have been a helpful resource for us, explaining the required steps toward acquiring all necessary permits for our surface mining endeavors.
We have learned through our dealings with the EPD we will need to apply for several permits from various branches of the EPD, as well as county offices. For example, the Land Protection Branch of the EPD requires a permit for all surface-mining projects, as well as a Surface Mining Land Use Plan, the process of which we have already begun. Also, the Water Protection Branch requires permitting for projects affecting storm water and related water withdrawal. We will need to secure the proper permits for the storm water and have been assured by the EPD that a water-withdrawal permit is only necessary when drawing 100,000 or more gallons of water per day. Because our mining equipment allows us to recycle the water used, we do not foresee the water-withdrawal permit a pressing matter at this time. In the event our future daily water requirements are to exceed 100,000 gallons per day, the necessary permit will be filed for in a timely fashion as to not impede production. As a direct result of recent hard-rock samples, we will be filing for a permit from the Air Protection Branch of the EPD. This particular permit is required when dust or particles rise into the surrounding air. Because we will be processing slurry with our machine, it is unlikely this will be an issue. However, we believe it would be prudent to secure this permit anyway in the remote chance it may be needed in the future.
Another crucial step in securing the necessary permitting for our mining operation is the rezoning of our acreage for commercial mining purposes. Due to the thorough guidelines of the county zoning board, this paperwork needs to be filed in person at their office. In the coming weeks, as we move through the permitting process and get near production capability, our management team will make additional trips to Georgia to make any necessary changes/revisions in person with state and county officials. In-person meetings speed up the permit-application review process and can help us iron out any wrinkles with our ultimate plans for the property. We plan to work closely with county and state representatives regarding form applications other matters.
Recent lab analysis of samples have opened up the need for an expanded plan of operations. While we had intended to focus solely on the placer grades, the recent discovery of substantial gold quantities in the hard rock have prompted us to broaden our intentions in Georgia so as to fully exploit our initial target zone. We expect no delays as a result of this recent development, as our permitting needs remain the same. We are anxiously awaiting the arrival of the Explorer 500 from Dove Mining Equipment. To our knowledge this will be the first Explorer unit to arrive in the USA and will allow Drake the opportunity to showcase this equipment in its role as an official distributor of Dove Mining Equipment.
As part of our ongoing preparations for our Georgia mining claim, Drake Gold has discussed at length the permitting process and procedures with several representatives from the Environmental Protection Division (EPD) in Georgia. Over recent months, since the beginning of our preproduction efforts, they have been a helpful resource for us, explaining the required steps toward acquiring all necessary permits for our surface mining endeavors.
We have learned through our dealings with the EPD we will need to apply for several permits from various branches of the EPD, as well as county offices. For example, the Land Protection Branch of the EPD requires a permit for all surface-mining projects, as well as a Surface Mining Land Use Plan, the process of which we have already begun. Also, the Water Protection Branch requires permitting for projects affecting storm water and related water withdrawal. We will need to secure the proper permits for the storm water and have been assured by the EPD that a water-withdrawal permit is only necessary when drawing 100,000 or more gallons of water per day. Because our mining equipment allows us to recycle the water used, we do not foresee the water-withdrawal permit a pressing matter at this time. In the event our future daily water requirements are to exceed 100,000 gallons per day, the necessary permit will be filed for in a timely fashion as to not impede production. As a direct result of recent hard-rock samples, we will be filing for a permit from the Air Protection Branch of the EPD. This particular permit is required when dust or particles rise into the surrounding air. Because we will be processing slurry with our machine, it is unlikely this will be an issue. However, we believe it would be prudent to secure this permit anyway in the remote chance it may be needed in the future.
Another crucial step in securing the necessary permitting for our mining operation is the rezoning of our acreage for commercial mining purposes. Due to the thorough guidelines of the county zoning board, this paperwork needs to be filed in person at their office. In the coming weeks, as we move through the permitting process and get near production capability, our management team will make additional trips to Georgia to make any necessary changes/revisions in person with state and county officials. In-person meetings speed up the permit-application review process and can help us iron out any wrinkles with our ultimate plans for the property. We plan to work closely with county and state representatives regarding form applications other matters.
Recent lab analysis of samples have opened up the need for an expanded plan of operations. While we had intended to focus solely on the placer grades, the recent discovery of substantial gold quantities in the hard rock have prompted us to broaden our intentions in Georgia so as to fully exploit our initial target zone. We expect no delays as a result of this recent development, as our permitting needs remain the same. We are anxiously awaiting the arrival of the Explorer 500 from Dove Mining Equipment. To our knowledge this will be the first Explorer unit to arrive in the USA and will allow Drake the opportunity to showcase this equipment in its role as an official distributor of Dove Mining Equipment.
Monday, March 17, 2008
Drake Announces Exciting Sampling Results
The final analysis on our last batch of samples from our Georgia pre-production mining site have finally come in and they are exciting. As we have already mentioned, during Drake's last trip to our Georgia operation, our team gathered an array of samples from the site. After the identification of our initial target area, our team conducted depth sampling from seven trenches on the property. In an effort to ensure accuracy, Drake submitted these samples for independent analysis from two separate labs, ALS Chemex and Southern Spectrographic Laboratory.
Both laboratories discovered gold in the vast majority of the samples and showed a maximum placer sample of nearly a half ounce per ton. Also, in our first attempt to test the hard rock of the site, laboratory analysis revealed as much as 4.23 ounces per ton. This revelation has prompted our management team to reconsider its past focus on placer grades alone. We are currently exploring our options to bring in some crushing machinery to fully exploit this initial target zone.
Read the full press release from Drake Gold Resources here:
Drake Gold Resources Announces Successful Sampling of Target Property in Georgia
Both laboratories discovered gold in the vast majority of the samples and showed a maximum placer sample of nearly a half ounce per ton. Also, in our first attempt to test the hard rock of the site, laboratory analysis revealed as much as 4.23 ounces per ton. This revelation has prompted our management team to reconsider its past focus on placer grades alone. We are currently exploring our options to bring in some crushing machinery to fully exploit this initial target zone.
Read the full press release from Drake Gold Resources here:
Drake Gold Resources Announces Successful Sampling of Target Property in Georgia
Thursday, March 6, 2008
ALS Laboratory Letter
As announced previously, our management team made the journey down to our Georgia mining operation site late last month. While on site, they further explored the on-site streams and took 7 trench samplings down to the bedrock. After discovering substantial gold in the on-site streams, we were confident that these samples from the pay dirt would yield promising results. The samples were carefully bagged, labeled, photographed and prepared for shipment. They were sent to ALS Chemex in Nevada for testing. ALS Chemex had completed our previous assays to our satisfaction and we expected efficient and accurate work from them.
Anxious to learn the outcome, we placed a rush on the analysis of these samples and expected to receive the results in fairly short order. Unfortunately, due to an error at the lab, our samples were overlooked and the analysis was not completed. After diligently following up with the labs in both Nevada and British Columbia, we have received a letter of apology from Sonyia Jhooty in the Client Services department of ALS Chemex with her guarantee that the lab will finish their final analysis by March 2nd. She also mentioned that the lab in Reno is reviewing their standard operating procedures to ensure that such a mistake is not repeated in the future. We’ve posted Ms. Jhooty’s letter below and we will announce the labs results once they are received next month. Plese click on the link below to review.
ALS Laboratory Letter
Read Disclaimer
Anxious to learn the outcome, we placed a rush on the analysis of these samples and expected to receive the results in fairly short order. Unfortunately, due to an error at the lab, our samples were overlooked and the analysis was not completed. After diligently following up with the labs in both Nevada and British Columbia, we have received a letter of apology from Sonyia Jhooty in the Client Services department of ALS Chemex with her guarantee that the lab will finish their final analysis by March 2nd. She also mentioned that the lab in Reno is reviewing their standard operating procedures to ensure that such a mistake is not repeated in the future. We’ve posted Ms. Jhooty’s letter below and we will announce the labs results once they are received next month. Plese click on the link below to review.
ALS Laboratory Letter
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Wednesday, March 5, 2008
Sampling Prospects of One On-Site Trench
Down in Georgia, Jan Yarrington discusses the history of the land and the minerals present on site. He explains the rich potential present in the samples taken from one section of the site.
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Inspecting the Geology and Rocks
While samples of the pay dirt were carefully gathered, bagged, photographed and prepared for shipment to the lab, our management team also made sure to meticulously inspect the surrounding geology and rocks on site. Here’s some of what they found.
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Georgia Sampling
As promised, here are some more pictures of Drake Gold’s trip down to Georgia. These show our guys collecting the samples and preparing them for shipment to the lab. They carefully labeled everything, took pictures and organized everything before they were sent out.
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Monday, March 3, 2008
Digging Trenches in Georgia
As previously mentioned, some members of Drake Gold’s management team took the long trek down to Georgia to get better acquainted with the site, do a little digging and gather some more samples for lab analysis. Over the next few days, we’ll be posting pictures from the trip, explaining the work that was done down there and sharing the results.
As any of you familiar with mining knows, the first step in gathering samples is digging! With a fairly small backhoe, our team dug up a few trenches and collected several sets of samples, which are currently undergoing analysis at the lab.
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As any of you familiar with mining knows, the first step in gathering samples is digging! With a fairly small backhoe, our team dug up a few trenches and collected several sets of samples, which are currently undergoing analysis at the lab.
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Wednesday, February 27, 2008
A Trek Down to Georgia
A few weeks ago, Drake Gold’s management took a trip down to our Georgia mining project. Though we’ve been in the preproduction phase for some time now, this was our nearest production visit, as Clayton Smith, our Chairman, got his hands dirty in the Georgia soil. After a few days with rolled up sleeves, muddied boots and sweaty brows, we discovered that our claim appears to be richer in gold than first expected. Clayton’s hard work in the South helped to identify our initial target once production is underway. This target zone comprises approximately 10 acres at the bottom of 2 ridges. We have also learned that the local streams are rich with gold, which is a clear indication that placer and alluvial grades will be strong in the pay dirt areas as well.
Keep watching this blog, as I’ll be posting pictures from this seminal trip! For now, check out the video below of Jan Yarrington explaining the process of searching for Gold in the creek beds.
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Keep watching this blog, as I’ll be posting pictures from this seminal trip! For now, check out the video below of Jan Yarrington explaining the process of searching for Gold in the creek beds.
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