Showing posts with label drilling. Show all posts
Showing posts with label drilling. Show all posts

Wednesday, July 2, 2008

Namex poised for senior exploration

MEDIA RELEASE

FOR IMMEDIATE RELEASE

July 2, 2008

With mining, the old adage, location, location, location has great significance

July 2, 2008, MONTREAL -- Where do you find a new mine? The answer is simple, next to an old one.

In reality, it's not that simple; however, experts know that locating a new mine in close proximity to a previously developed one is a good indicator. After all, a vein carrying mineral deposits doesn't just shut off because of a property line.

Namex Explorations Inc. recently purchased the Huffman property, located northwest of Sudbury. This new property is on trend and some 8 kilometres east of the Jerome Gold Mine. In 1941 to 1943 the Jerome Gold Mine produced 56,878 ounces of gold, and 15,104 ounces of silver. Of great significance and as evidence of the importance of location, recent excavator work on the Huffman property has exposed mineralized porphyritic felsic bedrock in four trenches along a strike length of 240 metres.

"There are exciting things about to happen," says Oliver Maki, Chief Geologist for Namex Explorations Inc., former Professor of Geology at Cambrian College, and director of the exploration program that discovered the three billion ton Los Pelambres copper deposit on the Chile-Argentina border. "The [Huffman property] results of grab samples have been tremendous: the gold value is up over 2 ounces per ton and although confined to a somewhat narrow vein, it's occurring within quartz felsic porphyry which is the host draw for most of the mines in that area. We're optimistic of being able to locate an enlargement of it further down."

In fact all of Namex's properties are located in former or established mining camps, are part of former mines are adjoining, or adjacent to former mines, or are on trend and in very close proximity to known ore bodies. They also can be serviced by the existing infrastructure of skilled mine labor pools, good roads, power, cities and are in areas known to be friendly to mining.

Their Post Creek property is not only strategically located adjacent to FNX Mining's Podolsky North and Podolsky 2000 projects, but encompasses some 1,200 metres of the same Whistle Offset which hosts the Podolsky ore bodies. In August of last year, the Podolsky 2000 Deposit encountered massive copper, nickel, platinum, palladium and gold mineralization.

"The Post Creek rock type is correct, the geology is correct and it's surrounded by proven producers - that's what we base our excitement on," says Oliver Maki.

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For further information contact:

Peter Turkington
Strategic Communications Solutions
ON BEHALF OF O.T. MINING
Direct Phone: 905.901.9218
Email: pturkington@stratcommsolutions.ca
Web: www.stratcommsolutions.ca

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Disclaimer: This press release may contain forward-looking statements regarding the Company, within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, including statements regarding the anticipated timing, process and scope of further exploration and drilling activities. These statements are based on assumptions that the Company believes are reasonable but that are subject to uncertainties and business risks. Actual results relating to any and all of these subjects may differ materially from those presented. Factors that could cause results to differ materially include economic and political events affecting supply of and demand for base and precious metals, fluctuations in commodity prices, negative results of environmental or technical studies, negative results of further exploration, drilling programs, problems or delays in or objections to the permitting process, failure or delay of third parties to provide services, changes in the attitude of state and local officials toward its projects and other factors. Additional information is available at the Company’s website at www.namex-explorations.com.

Butte’s “richest hill on earth” may have a rival

MEDIA RELEASE

FOR IMMEDIATE RELEASE

June 2, 2008

OT Mining’s Ruby Property set to drill targets

June 2, 2008, MONTREAL -- The "Butte Mining District" that encompasses "The Richest Hill On Earth" and is second only to South Africa’s Witwatersrand, may have a rival - and it’s located only 14 miles north east of Butte.

It is believed that The O.T.’s Ruby Project’s North Anomaly may equal, or even surpass, the mineral wealth of the Butte Mining District.

Since 1880, Butte has produced almost 400 billion dollars worth of metals with estimates of a similar amount yet to be discovered. "The Richest Hill" has produced ore to depths of 5,500 feet. And drill results, to a depth of 8,500 feet, show continuance of the Butte mineralized structure. During the World Wars I and II, the Butte Mine alone produced 25 per cent of the United States copper demand.

In itself, the Ruby Property’s close proximity to "The Richest Hill" is telling. However, leading edge technology in the form of innovative geochemical techniques, airborne geophysical surveys and detailed mapping and sampling, has provided ample compelling evidence that the Ruby Property has the potential to contain base and precious metal ore that equal or exceeds that of the infamous Butte Mining District.

"The question is not if they’ll find precious metal, as our preliminary tests have pretty much determined that, rather it’s a matter of how much," says James Hess, President of The O.T. Mining Corporation. "The fact that major mining companies are contacting us is also very exciting."

Already, O.T.’s Montana technical team has refined the project data, selected drill targets from the 18 new drill site permits issued by The USFS (United States Forest Service) this past May and have begun to prepare the drill sites.

O.T.’s Project Manager has issued tenders for two drills to begin work as soon as weather permits.

"O.T.’s goal is to prove that the Ruby Property’s North Anomaly mineralized system has the potential to rival or surpass that of the Butte Mining District," says James Hess.

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For further information contact:

Peter Turkington
Strategic Communications Solutions
ON BEHALF OF O.T. MINING
Direct Phone: 905.901.9218
Email: pturkington@stratcommsolutions.ca
Web: www.stratcommsolutions.ca

------------------------------
Disclaimer: This press release contains forward-looking statements regarding the Company, within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, including statements regarding the anticipated timing, process and scope of further exploration and drilling activities. These statements are based on assumptions that the Company believes are reasonable but that are subject to uncertainties and business risks. Actual results relating to any and all of these subjects may differ materially from those presented. Factors that could cause results to differ materially include economic and political events affecting supply of and demand for base and precious metals, fluctuations in commodity prices, negative results of environmental or technical studies, negative results of further exploration, drilling programs, problems or delays in or objections to the permitting process, failure or delay of third parties to provide services, changes in the attitude of state and local officials toward the Ruby Project and other factors. Additional information is available at the Company’s website at www.otmining.com.