Madison Minerals Inc.: Drill Contract Signed for Lewis Property
VANCOUVER, BRITISH COLUMBIA, Jun 06, 2006 (MARKET WIRE via COMTEX) -- Madison Minerals Inc. (TSX VENTURE: MMR)(OTCBB: MMRSF) is pleased to announce the execution of the drilling contract for its upcoming drill program at its Lewis Property in Lander County, Nevada. Madison is the operator of the Phoenix Joint Venture and has retained Layne Christensen to undertake a reverse-circulation drilling program totalling approximately 22,000 feet in 40 drill holes on targets at both the Virgin Structural Zone and the Buena Vista area. The Lewis Property is strategically located within the Battle Mountain Mineral Belt, immediately adjacent to the north and northwest of Newmont Mining Corporation's Phoenix-Fortitude Property. The Phoenix Joint Venture, which is comprised of Madison as to a 60% interest and Great American Minerals, Inc. as to a 40% interest, is exploring the Lewis Property.
Previously announced Madison drilling results at the Lewis Property include: 0.152 oz/t gold over 45.0 feet (MAD-32), 0.101 oz/t gold over 225.0 feet (MAD-20), 0.065 oz/t gold over 280.0 feet (MAD-1 and 0.512 oz/t gold over 105.0 feet (MAD-5). The drilling program is scheduled to begin in early to mid July after mobilization of the drill rig.
Revision History (1 edits)
DeMerchant - Tuesday, September 19, 2006, 7:11:09pm
Madison Minerals Inc.: Drill Results from Mt. Kare
VANCOUVER, BRITISH COLUMBIA, Jun 26, 2006 (MARKET WIRE via COMTEX) -- Madison Minerals Inc. (TSX VENTURE: MMR)(OTCBB: MMRSF) is pleased to report that it has been advised by Buffalo Gold Ltd. ("Buffalo") of the initial drilling results from Buffalo's 2006 exploration program on Madison's Mt. Kare Property in Papua New Guinea. In a release issued today, Buffalo reported:
"Assay results from the first thirteen drill holes from its infill drilling program at the Mt. Kare Gold Project in Papua New Guinea. Highlights of the drill results include:
- 114.8 metres of 4.03 g/t gold in hole MK06-38
- 9.1 metres of 13.11 g/t gold in hole MK06-09 (Hole abandoned while still in mineralization due to drill conditions. Buffalo plans to redrill the hole.)
- 56.0 metres of 3.76 g/t gold in hole MK06-19
A summary of drill intersections can be found below in Table 1.
The drilling results confirm the well-mineralised nature of the Western Roscoelite Zone (WRZ) which is the main target of the Mt. Kare project. These drill results will be used in the recalculation of the resource estimate as part of the planned pre-feasibility study.
BUFFALO EXPANDS SCOPE OF PRE-FEASIBILITY STUDY
Buffalo has now expanded its 2006 drill plans for the Mt. Kare project, increasing the program to 6500 metres to include additional targets. A second diamond drill has been mobilized to the project to speed up the completion of the remaining infill drill holes and to drill step-out and exploration holes.
The infill and step-out drilling will concentrate on the Western Roscoelite Zone which is the main target of a planned pre-feasibility study originally scheduled for completion in November 2006. However, the Company believes that there is significant additional mineral potential outside of the Western Roscoelite zone. Buffalo has therefore decided to drill test additional targets defined through the interpretation of geophysical surveys and surface exploration so that they may be included in the pre-feasibility study and in the overall development plan. The plan now is to complete the expanded pre-feasibility study by June 2007, many aspects of which are already underway.
MT. KARE RESOURCE AT 1.8 MILLION OUNCES GOLD
Watts Griffis McOuat (WGM) completed a resource estimate for the Mt. Kare deposit in January 2000. This historical resource calculation was recently reviewed by Snowden Mining Industry Consultants (Snowden) as part of their NI 43-101 technical report completed in March 2006. Snowden concluded that the 2000 estimate by WGM was in accordance with the JORC Code (2004) and the standards for reporting Mineral Resources defined in NI 43-101.
-------------------------------------------------------------------- Mt. Kare Resource Estimate (From the Mt. Kare Audit and Resource Estimate prepared on behalf of Madison Enterprises Corporation by Watts Griffis and McOuat ("WGM") in November of 1998 and updated by WGM in January of 2000. Based on a block-model cut-off grade of 1.0 g/t Au-equivalent with the cutting off of high grade Au assays at 30 g/t. Verified by Snowden Mining Industry Consultants, March 2006) -------------------------------------------------------------------- Resource Classification Million Tonnes Au g/t Ag g/t -------------------------------------------------------------------- Indicated Mineral Resources 14.68 2.36 33.7 -------------------------------------------------------------------- Inferred Mineral Resources 10.85 1.98 22.7 --------------------------------------------------------------------
The resource estimate will be updated as part of the planned pre-feasibility study.
Table 1. Summary of Mt. Kare 2006 Drill Intersections to June 20th -------------------------------------------------------------------- Drill Hole(i) From To Length Gold Silver (m) (m) (m) (g/t) (g/t) -------------------------------------------------------------------- MK06-03 1.5 40.0 38.5 3.02 3.45 including 1.5 15.0 13.5 5.60 3.15 -------------------------------------------------------------------- MK06-04 No significant results -------------------------------------------------------------------- MK06-05 46.0 48.0 2.0 2.52 21.75 -------------------------------------------------------------------- MK06-06 29.5 61.0 31.5 1.75 22.37 including 52.5 59.0 6.5 4.05 50.41 -------------------------------------------------------------------- MK06-08 1.5 16.0 14.5 1.54 26.85 -------------------------------------------------------------------- MK06-09(ii) 1.5 22.0 20.5 1.91 32.32 and 43.0 52.1 9.1 13.64 4.55 -------------------------------------------------------------------- MK06-19(ii) 40.8 96.8 56.0 3.76 32.60 including 76.0 96.8 20.8 7.97 21.53 -------------------------------------------------------------------- MK06-22 43.0 68.0 25.0 1.51 11.20 and 86.0 90.0 4.0 2.83 1.23 -------------------------------------------------------------------- MK06-23 10.2 18.5 8.3 2.05 45.85 -------------------------------------------------------------------- MK06-24 22.0 33.0 11.0 1.33 7.27 and 51.0 72.0 21.0 3.31 20.37 including 66.0 72.0 6.0 6.37 14.15 -------------------------------------------------------------------- MK06-31 6.0 12.0 6.0 1.84 5.50 -------------------------------------------------------------------- MK06-32 27.0 56.0 29.0 1.86 16.02 -------------------------------------------------------------------- MK06-38 18.20 133.0 114.8 4.03 23.10 including 51.0 69.0 18.0 7.74 63.68 -------------------------------------------------------------------- (i) Holes are not drilled in numerical or sequential order. (ii) Incomplete intersection, borehole abandoned.
True widths from the drill intersections have not yet been estimated. All samples were analysed for gold by PT Intertek Utama Services in Jakarta, part of an internationally recognized lab testing group with ISO 17025 accreditation at the Jakarta facility. Samples were analysed using a 50g fire assay with AA finish for gold and an aqua regia digestion, ICP-OES finish for silver.
Madison Minerals Inc.: Further Drilling at Mt. Kare Expands Gold Mineralization
VANCOUVER, BRITISH COLUMBIA, Aug 16, 2006 (CCNMatthews via COMTEX) -- Madison Minerals Inc. (TSX VENTURE:MMR)(OTCBB:MMRSF) is pleased to report that it has been advised by Buffalo Gold Ltd. ("Buffalo") that further drilling at Mt. Kare has expanded gold mineralization and that a third drill rig is being brought onto the property. In a release issued today, Buffalo reported: - 33.4 metres of 15.7 g/t gold in hole MK06-09A, including:
19.3 metres of 24.32 g/t gold
- 86.0 metres of 4.2 g/t gold in hole MK06-43, including:
58.3 metres of 5.83 g/t gold
- 122.0 metres of 2.4 g/t gold in hole MK06-49, including:
69.0 metres of 3.13 g/t gold
A summary of drill intersections can be found below in Table 1.
The drilling results indicate that the structural block hosting the gold mineralization becomes more cohesive, and of higher grade to the north. This has lead to subdivision of the Western Roscoelite Zone (WRZ) into north and south components referred to as the North-Western Roscoelite Zone (NWRZ) and South-Western Roscoelite Zone (SWRZ) respectively. The northern area has only been sparsely drilled in the past. Additional drill holes in this area have been completed and are awaiting assays.
"We are thrilled with these outstanding results and the progress of the program to date," commented Buffalo Chairman and CEO Damien Reynolds. "We believe that on-going drilling will continue to enhance the emerging picture of a world class deposit at Mt. Kare."
Additional drill holes planned in this new zone to test the extents of mineralization. A third drill rig is being brought to the property to accelerate the exploration program.
Buffalo plans to use the results of drilling in the recalculation of the resource at Mt. Kare and as part of the pre-feasibility study scheduled for completion in July 2007. The remaining drill program and concurrent work for the planned pre-feasibility study is continuing on schedule and Buffalo is pleased with the results of the program to date. A map showing planned and completed drill hole locations can be viewed on the Mt. Kare page of Buffalo's website, http://www.buffalogold.ca.
Suite 2000, 1055 W. Hastings St. Vancouver, BC, Canada V6E 2E9 Contact: David Scott
1-877-529-8475
Highlights:
Attractive Share Structure
Very Experienced Management with a proven track record: “Been around the Block”
Two Excellent Properties: The Lewis Property (joint ventured) and the JV with Buffalo Gold on Mt. Kare in Papua New Guinea.
Elevated talent level and past successes of Chet Idziszek, David Mallo, and Jim Stewart.
Knocks:
Investors do not understand the JV between Madison and Buffalo Gold—hint: it’s a good deal for both companies
Investors have lost patience because they don’t understand the magnitude of what is currently at stake and they have not had the patience of said Monastery Monks mentioned below!
News:
News Flash: Buffalo Gold Posted a Press Release on August 16, 2006. The numbers were excellent and this latest press release speaks for itself. Terrific Results just posted on Mt. Kare by Buffalo Gold. (See PR dated August 16, 2006)
Vancouver, B.C., August 16th, 2006 - Buffalo Gold Ltd. (TSX-V: BUF.U) is pleased to announce additional assay results from the diamond drilling program at the Mt. Kare Gold Project in Papua New Guinea. Highlights of the drill results include:
33.4 metres of 15.7 g/t gold in hole MK06-09A, including: 19.3 metres of 24.32 g/t gold 86.0 metres of 4.2 g/t gold in hole MK06-43, including: 58.3 metres of 5.83 g/t gold 122.0 metres of 2.4 g/t gold in hole MK06-49, including: 69.0 metres of 3.13 g/t gold
Madison has begun its drill program on the Lewis property which is contiguous to Newmont’s Phoenix Fortitude complex
The Lewis Property in Lander County Nevada
When I wrote Madison Minerals and the Monastery Monk which can be found in my archives on GoldSeek.com (posted around February 1, 2006) I thought surely the company would be drilling in Nevada on the Lewis Project by late spring. However, a problem arose and that problem turned out to be that just about half the “Juniors” in existence thought that late Spring would be a good time to initiate drilling programs. Of course, the gold market was catching fire and everyone who had been involved with gold over the last decade was catching gold fever. Consequently, all the RC (Reverse Circulation) rigs were spoken for and Core Rigs were really not economically viable for the Lewis Property.
But by all means, review the last several articles on Madison and especially the one to which I just referred.
I believe that once the rigs get to drilling we will be looking at a 25,000 foot program. There will be about 40 holes in the range of 600 to 700 feet deep.
If the assays come back “looking good”, I would not be surprised at all to see the program extended. My sensing is that we’ll start to see some positive assays coming back just around the time that the gold market is really heating up in the fall of 2006.
The Lewis Property in Nevada sits directly next to Newmont’s Phoenix Fortitude Complex. They have drilled several spectacular holes: MAD-05 gave up ½ an ounce of gold over 105 feet. That should give you cause for encouragement. However, this is not a one hole wonder at Lewis—historically, this is an excellent project and please review some of the past press releases to see just how good they were!
The JV Project at Mt. Kare in PNG
Remember that Madison has entered into a joint venture arrangement with Buffalo Gold relating to their Mt. Kare Property in PNG (Papua New Guinea). August 15, 2006, Buffalo offered up some drill assays on Mt. Kare which reinforced what we’ve been saying for five years. This is a property that has “the goods”—has world class potential—and has excellent exploration teams working on both sides of the fence.
This is one of those deals where patience has been warranted and yes, I know it has been difficult to be patient. However, my totally biased opinion as can be seen from the last four years via my archives on Goldseek.com is that this company is sitting on a world class deposit.
Furthermore, it would appear that the Chet Idziszek’s group and Damien Reynold’s Group are working together seamlessly on Mt. Kare. It has taken a while for things to get moving (jelling) but that is absolutely normal in this business and in this current environment. These are two companies to consider for your portfolio. Both Madison and Buffalo are on the move and I’m looking for good things from both companies this fall.
Madison currently sits at around $.35 US and MMRSF is definitely a buy at these levels. I fully anticipate that we’ll see this stock close to $1.00 just on the gold price being near $750 US; let alone what will happen if some eye-popping assays start arriving.
It would also appear that Madison has just begun the drills turning at Lewis in Nevada. This is the one two punch that for which shareholders have been waiting !! Both Madison and Buffalo had positive moves up today, (August 16, 2006) based upon all the activity to which we’ve been referring.
If you didn’t invest at the absolute bottom despair not. Madison should never have been trading at the low level it was today. Buy Madison up to a dollar US and you’ll be in fine shape. Between Mt. Kare and Lewis, there is enormous upside potential. Programs on both projects are just getting started. http://www.madisonminerals.com/html/archive/Madison_August_16_2006.pdf (paste in your browser)
Madison is a Buy and at these price levels it is very affordable! Again, it is my opinion that $1.25 US is not that far away. This company, in my very biased opinion, is a steal at these levels!
Madison Minerals Inc.: Drill Results from Mt. Kare in PNG; Drilling Update for the Phoenix JV Property in Nevada
VANCOUVER, BRITISH COLUMBIA, Aug 29, 2006 (MARKET WIRE via COMTEX) -- Madison Minerals Inc. (TSX VENTURE: MMR)(OTCBB: MMRSF) is pleased to report that it has been advised by Buffalo Gold Ltd. ("Buffalo") of additional drilling results from Buffalo's 2006 exploration program on Madison's Mt. Kare Property in Papua New Guinea. In a release issued today, Buffalo reported: "Highlights of the drill results include:
- 49.0 metres of 10.4 g/t gold in hole MK06-50
- Including 8.0 meters of 29.2 g/t gold
- 79.1 metres of 3.0 g/t gold in hole MK06-52
- 40.0 metres of 15.3 g/t gold in hole MK06-53
- Including 24.0 metres 24.0 g/t gold
- 26.6 metres of 3.7 g/t gold in hole MK06-56 (Hole abandoned while still in mineralization)
A summary of drill intersections can be found below in Table 1.
Damien Reynolds, CEO, Buffalo Gold, commented, "We continue to be excited by the results of the drilling program (and) we believe we are just beginning to understand the true potential of this world class deposit, especially given presence of the Porgera mine just seventeen kilometres away."
The drilling results confirm the cohesive, high-grade nature of mineralization in the North-Western Roscoelite Zone, (NWRZ). These encouraging results have prompted aggressive drilling to test the extension of the NWRZ as Buffalo works on expanding the resource at Mt. Kare as part of the planned pre-feasibility study.
The recent drilling has greatly enhanced the understanding of the nature of mineralization in the NWRZ. The presence of significant intersections of quartz roscoelite is similar to Porgera's Zone 7 ore body.
Furthermore, re-interpretation of the geophysical data at Mt. Kare suggests that the NWRZ extends directly north towards a known magnetic anomaly and also continues to the north east and extends along the Porgera Transfer Structure towards Red Hill. Induced polarisation anomalies displaying high chargeability are known in both areas. As well, Red Hill has an outcropping intrusive with associated brecciation, alteration and artisanal workings. Consequently, Buffalo is testing both targets as part of the on-going drill program to evaluate the northern extensions of the WRZ.
In addition, there are other targets in the immediate environs of the WRZ which the company plans to further drill. These include:
- Black Zone - will follow a similar programme as the WRZ
- Realgar Zone - effectively the northern extension of the Black Zone
- C9 Zone - possibly the feeder channel for other known mineralized zones
----------------------------------------------------------------- Table 1. Summary of Mt. Kare Drill Hole Intersections from August 10 to August 28, 2006 ----------------------------------------------------------------- ----------------------------------------------------------------- Drill Hole From To Intercept Gold Silver No.(i) (m) (m) (m) (g/t) (g/t) ----------------------------------------------------------------- ----------------------------------------------------------------- MK06-50 94.0 143.0 49.0 10.4 PENDING ----------------------------------------------------------------- Including 101.0 128.5 27.5 17.2 PENDING ----------------------------------------------------------------- Including 101.0 109.0 8.0 29.2 PENDING ----------------------------------------------------------------- ----------------------------------------------------------------- MK06-52 5.4 84.5 79.1 3.0 PENDING ----------------------------------------------------------------- ----------------------------------------------------------------- MK06-53 93.0 133.0 40.0 15.3 PENDING ----------------------------------------------------------------- Including 97.0 121.0 24.0 24.0 PENDING ----------------------------------------------------------------- ----------------------------------------------------------------- MK06-56(ii) 81.0 107.6 26.6 3.7 PENDING ----------------------------------------------------------------- Including 81.0 103.0 22.0 4.3 PENDING ----------------------------------------------------------------- ----------------------------------------------------------------- (i) Holes are not drilled in numerical or sequential order. (ii) Hole abandoned due to drilling conditions.
MMRSF is up nicely again today, hitting $1.02 before backing off to the current .96. That is a double for the week and a triple from the .299 just two weeks ago.
Madison has two properties in their portfolio. The first is the Mt. Kare project in Papua New Guinea where successful exploration has been progressing for nearly ten years. Madison has discovered in excess of 1.5 million ounces of gold and over 20 million ounces of silver at Mt. Kare according to a resource calculation computed by an independent Canadian engineering firm, (Watts, Griffis, and McOuat,)
Madison's other exploration project is the F.W. Lewis Property located in Lander County, Nevada. Madison is planning to resume exploration activities. Madison's Lewis Property is strategically located within the Battle Mountain Mineral Belt, immediately adjacent to the north and northwest of Newmont Mining Corporation's Phoenix-Fortitude Property. The Lone Tree deposit (53 million tonnes grading 0.061 oz/t gold), the Marigold deposit (11 million tonnes grading 0.03 oz/t gold) and the Trenton Canyon deposit (5 million tonnes grading 0.039 oz/t gold) are located, respectively, fourteen, eight and four miles north of the Lewis Property within the prolific Battle Mountain Trend.
Madison Minerals Inc.: Drilling Update-Lewis Property, Nevada Drill Program Expanded to 50,000 Foot Minimum
VANCOUVER, BRITISH COLUMBIA, Sep 21, 2006 (CCNMatthews via COMTEX) -- Madison Minerals Inc. (TSX VENTURE:MMR)(OTCBB:MMRSF) is pleased to provide a drilling update on its Lewis Property in Landner County, Nevada. The Lewis Property is directly contiguous to the 8.5 million ounce Phoenix-Fortitude gold mine property of Newmont Mining Corporation. To date, Layne Christensen Drilling Company has completed 25 diamond drill holes totalling just over 15,000-feet of the original 22,000-foot proposed exploration program. The majority of holes completed during this drilling phase are both lateral and along strike step-outs from previous Madison drilling along the Virgin Structural Zone. Results are pending and will be released once available. In addition, a series of NW oriented structural splays associated with the Virgin Structural Zone are also being targeted. Previous Madison drill hole MAD-5 tested one of these NW splays near its intersection with the Virgin Structural Zone returning a 105-foot interval grading 0.512 oz/t gold, (17.5 g/t gold over 32 metres).
Madison management is very pleased with the drilling progress and the extensive areas of alteration that have been intersected to date. As such, Madison and its joint venture partner, Great American Minerals, intend to drill approximately 28,000 additional feet once the original 22,000-foot proposed exploration program has been completed.
Significant results from previous drilling on the Lewis Property include:
The Lewis Property is controlled by the Phoenix Joint Venture which is comprised of Madison as to a 60% interest and Great American Minerals, Inc. as to a 40% interest. Madison is the operator.
Madison Minerals Inc.: Additional Drill Results from Mt. Kare
VANCOUVER, BRITISH COLUMBIA, Sep 21, 2006 (MARKET WIRE via COMTEX) -- Madison Minerals Inc. (TSX VENTURE: MMR)(OTCBB: MMRSF) is pleased to report that it has been advised by Buffalo Gold Ltd. ("Buffalo") of additional drilling results from Buffalo's 2006 exploration program on Madison's Mt. Kare Property in Papua New Guinea. In a release issued today, Buffalo reported: Specific highlights of the drill results include:
North-Western Roscoelite Zone
- 30.0 metres of 19.2 g/t gold in hole MK06-58
- Including 6.5 meters of 41.8 g/t gold
- 25.0 metres of 22.6 g/t gold in hole MK06-63
South-Western Roscoelite Zone
- 29.2 metres of 1.9 g/t gold in hole MK06-68
- And 24.5 metres of 2.5 g/t gold
- And 11.0 metres of 2.9 g/t gold
A summary of drill intersections can be found below in Table 1.
The results from four drill holes have been received since the last Buffalo press release (see Buffalo Release, August 28, 2006, "Buffalo Gold Continues to Hit Significant Mineralization at Mt. Kare"). Holes MK06-58 and MK06-63 are collared approximately 125m and 100m, respectively, into the North-Western Roscoelite zone. The results from holes MK06-58 and MK06-63 demonstrate a continued northern extension of high-grade mineralization in the North-Western Roscoelite Zone (NWRZ).
Holes MK06-39 and MK06-68 were drilled in the South-Western Roscoelite zone and intersected mineralization consistent with the known resource. Results for MK06-68 have only been received to 148 metres depth and ended in mineralization. Results from the remainder of the hole are pending. A fifth hole, MK06-62, was abandoned due to drilling conditions above the target mineralization.
"We are excited to see that as we move to the north we not only continue to see significant intersections of mineralization, but also see higher gold grades," commented Buffalo Chairman and CEO Damien Reynolds.
The Western Roscoelite Zone is open at depth and the north and northeast, and the ongoing drilling program has holes planned to explore both areas. Reinterpretation of existing IP data shows that the main IP anomalous zone, associated with mineralisation, is open to the south and southwest and at depth below 200m. A number of targets in the IP data, as well as numerous targets away from the main mineralized zones have been identified for drilling.
A summary of the geology and mineralization in these drill holes follows:
MK06-58 explored the down-dip extension of the high grade mineralization encountered in a hole previously drilled by Madison, MK99-73. From 78m to 104m, the hole intersected brecciated, strongly altered siltstones and intrusives hosting zones of semi-massive to locally massive pyrite-sphalerite and minor roscoelite mineralization (one of the common hosts of gold mineralization at Mt. Kare and Porgera).
MK06-63 tested the northern portion of the NWRZ between historical holes, specifically the well mineralized MK97-73 and the less robust MK97-69. The hole intersected a hanging wall succession of sandstones, siltstone breccias and intrusives to 98m. Below this depth, the main mineralized zone was encountered to 123m, comprising strongly altered intrusive and breccias hosting base metal veins, local semi-massive sulphides and thin quartz-carbonate-roscoelite veins.
MK06-39 was aimed to explore the easterly dip extension of the extensive mineralization encountered in MK06-38 (114.8m @ 4.03 g/t Au). The borehole intersected a succession of sandstones and mudstones with brecciated zones and minor intrusives to the contact with the brown mudstone footwall unit at 188m. Patchy, weak, base metal mineralization occurs from 140m to 185m.
MK06-62 was planned to test the easterly, down-dip extension of the well mineralized zone encountered in MK06-50 (49m @ 10.4 g/t Au). Heavy rains destabilized the drill platform, necessitating abandonment of the hole at 105m without achieving target depth.
MK06-68 was drilled in an attempt to help determine the nature and attitude of mineralization in the southern portion of the WRZ, targeting the well mineralized zones in historical hole MK99-146. The borehole intersected landslide material to 24m followed, to 62m, by a sequence of silstones and silicified intrusives hosting pyrite veining and, at 45m, a 1.3m silicified breccia with quartz-roscoelite.
----------------------------------------------------------------- Table 1. Summary of Mt. Kare Drill Hole Intersections from August 28 to September 18, 2006 ----------------------------------------------------------------- ----------------------------------------------------------------- Drill Hole From To Intercept Gold Silver No.(i) (m) (m) (m) (g/t) (g/t) ----------------------------------------------------------------- ----------------------------------------------------------------- MK06-39 146.0 184.0 38.0 0.6 PENDING ----------------------------------------------------------------- MK06-58 78.0 108.0 30.0 19.2 PENDING ----------------------------------------------------------------- Including 94.0 100.50 6.5 41.8 PENDING ----------------------------------------------------------------- MK06-62(ii) 0 105 No significant intersections ----------------------------------------------------------------- MK06-63 98.2 123.2 25.0 22.6 PENDING ----------------------------------------------------------------- MK06-68 2.1 31.3 29.2 1.9 PENDING ----------------------------------------------------------------- And 43.5 68.0 24.5 2.5 PENDING ----------------------------------------------------------------- And 137.0 148.0 11.0 2.9 PENDING ----------------------------------------------------------------- (i) Holes are not drilled in numerical or sequential order. (ii) Hole abandoned due to drilling conditions.
True widths from the drill intersections have not yet been estimated. All samples were analysed for gold by PT Intertek Utama Services in Jakarta, part of an internationally recognized lab testing group with ISO 17025 accreditation at the Jakarta facility. Samples were analysed using a 50g fire assay with AA finish for gold and an aqua regia digestion, ICP-OES finish for silver. Buffalo plans a conference call to update shareholders and interested parties on all of the activities of the companies. Details of the call will follow in a later release.
Male
and 0.512 oz/t gold over 105.0 feet (MAD-5). The drilling program is scheduled to begin in early to mid July after mobilization of the drill rig. 
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