Tornado Gold Acquires an Additional 247-Claim Gold Property in Nevada
2005年10月3日 - 10:30PM
ビジネスワイヤ(英語)
Tornado Gold International Corp. (OTCBB:TOGI) (The Company) is
pleased to announce the acquisition of the 247-claims (nearly 5,000
acres) Jack Creek property in Elko County, Nevada. The property,
located in the Northern Independence Range, is adjacent to Gateway
Gold Corp.'s (TSX VENTURE:GTQ) Big Springs and Dorsey Creek
properties currently being explored at a budget of $5.2 million for
2005. Dr. Earl W. Abbott, President Reports: The Jack Creek
property located 3 miles to the southwest is believed to share the
same structural features as well as similar sedimentary rocks and
igneous instructive rocks that are important to the mineralization
of the Big Springs Mine. Between 1987 and 1993 Independence Mining
Company, the mine operator at Big Springs, mined 510,000 ounces of
gold in seven open pits. At Dorsey Creek, immediately adjacent to
the Jack Creek property, Gateway recently announced the discovery
of a large Carlin-style gold system including a drill intercept of
20 feet of 0.255 opt (ounces per ton) gold by a previous operator.
The Company believes that the gold system extends onto the Jack
Creek property and therefore it has the potential of a significant
gold deposit discovery. In addition to the Jack Creek acquisition,
Tornado Gold has four other properties in north central Nevada all
believed to be well situated to contain a major gold deposit. The
NT Green property, located in Lander County is a 5,300 acre claim
located about 4 miles southwest of Placer Dome's recently
discovered Cortez Hills and Pediment (deposits over 10 million
ounces of Gold) and about 8 miles south of Placer Dome's operating
Pipeline group of mines (over 15 million ounces of Gold).
Mineralized structures that are along extensions of the Pipeline
structures are present on the NT Green property and these are also
parallel to structures thought to be important in the
mineralization at Cortez Hills and Pediment. The HMD property,
located in Eureka County is a 640 acre claim group about 16 miles
southeast of Klondex Mine's (TSX VENTURE:KDX) Fire Creek deposit,
currently being drilled. Klondex recently announced a resource of
580,000 ounces of Gold at an average grade of 0.328 ounces per ton,
including one spectacular intercept of 5 feet of 12.00 opt gold
within a 25 food interval averaging 2.59 opt gold. Mineralization
at HMD is seen as a silicified structure along the range front of
the Cortez Range that is said by previous operators to run as high
as 0.1 opt Gold. The geologic setting at HMD is similar to Fire
Creek and other known discoveries along the Northern Nevada Rift
such as the Mule Canyon Mine and, the largest, the Ken Snyder Mine
(Midas district) of Newmont. On Tornado Gold's boundary, CMQ
Resources (TSX VENTURE:CMQ) is pursuing an active drilling program.
Goodwin Hill, a 1,800 acre claim group in Lander County, is located
around a small hill composed of Ordovician limestone surrounded by
alluvium. Work to date indicates the possibility of a large
Carlin-type mineral system hosted in prospective lower plate (of
the Roberts Mountains thrust fault) carbonate rocks on the flank of
a large structural dome and near intrusive igneous bodies. The
setting is similar to that seen about 30 miles to the north at
Cortez Hills. Further work could discover structures like those at
Pipeline or Cortez Hills hosting shallow oxide gold mineralization
under alluvial cover. Properties about 15-20 miles north of the
Goodwin Hill property that are owned by White Knight Resources (TSX
VENTURE:WKR), Nevada Pacific Gold (TSX VENTURE:NPG), and Miranda
Gold are currently being drilled. Wilson Peak, in Elko County, is a
1,200 acre claim group located about 10 miles northwest of the Jack
Creek property. Precambrian through Tertiary rocks are exposed on
the property along the west flank of the Bull Run Mountains and are
mineralized for a strike length of more than 2 miles. Drilling and
sampling by previous operators has shown anomalous gold grab
samples to over 0.20 opt. Two gold deposit models are possible, a
large sediment-hosted deposit like Jerritt Canyon or Big Springs
and a large volcanic-hosted epithermal deposit like Midas. About
Tornado Gold International Corp. Tornado Gold focuses on the
discovery of giant gold deposits (greater than 7M ounces). To that
end we have chosen Nevada - one of the most prospective places on
earth to find and exploit giant gold deposits. Our exceptional team
of proven explorers utilizes unique, cutting-edge technology which
we believe helps us to quickly and precisely target the areas on
the earth where these giant deposits may lie undiscovered. Tornado
Gold is headed by an experienced management team with decades of
collective experience contributing to discoveries of significant
ore-bodies. For additional information, please visit our web site
at: www.tornadogold.com. Forward-Looking Statements: This document
contains forward-looking statements within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. All forward-looking statements are inherently
uncertain as they are based on current expectations and assumptions
concerning future events or future performance of the Company.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which are only predictions and speak
only as of the date hereof. In evaluating such statements,
prospective investors should review carefully various risks and
uncertainties identified in this release and matters set forth in
the Company's SEC filings. These risks and uncertainties could
cause the Company's actual results to differ materially from those
indicated in the forward-looking statements. Tornado Gold
International Corp. (OTC Bulletin Board:TOGI)
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