- December 12, 2011 - La Ronge Gold Corp. to Commence Confirmation Drilling on Preview SW Gold Deposit in Saskatchewan, Canada
- December 6, 2011 - La Ronge Gold Closes Private Placement
- November 24, 2011 - Private Placement Increased
- November 2, 2011 - La Ronge Gold Corp. Commences Confirmatory Work on Preview SW Deposit in Saskatchewan and Appoints Gordon Davidson as Vice President of Exploration
- October 18, 2011 - La Ronge Gold Corp Announces a Private Placement
- October 17, 2011 - La Ronge Gold Corp acquires large land position with historical gold resources in northern Saskatchewan, Canada
- August 10, 2011 - La Ronge Gold Announces "Wacke-Trend" Discovery on Greywacke Project - Commences Airborne Geophysics
- July 26, 2011 - La Ronge Gold Corp options Cuchon Bay and Stewart River properties (Greywacke Project) in Northern Saskatchewan
- June 29, 2011 - Approved Name Change Chalice Diamond Corp. to Become La Ronge Gold Corp.
- June 27, 2011 - Chalice Diamond Appoints Doug Turnbull, P.Geo., to the Board of Directors
- June 23, 2011 - Chalice Diamond Closes Private Placement
- June 16, 2011 - Chalice Diamond Increases Private Placement
- June 16, 2011 - Chalice Diamond Corp Reaches Agreement for Settlement of Debts with Klondike Gold Corp and Amador Gold Corp.
- May 12, 2011 - Notice Of Annual General Meeting of Shareholders
- May 4, 2011 - Chalice Diamond Corp. Announces Private Placement
- April 12, 2011 - Chief Financial Officer & Director Appointed 2011
- February 24, 2011 - Chalice Diamond Corp: Bird Township and Corporate Update
December 12, 2011
La Ronge Gold Corp. to Commence Confirmation Drilling on Preview SW Gold Deposit in Saskatchewan, Canada
VANCOUVER, BRITISH COLUMBIA - La Ronge Gold Corp. (TSX VENTURE:LAR)Highlights
Preview SW Gold Deposit:
•Drill contract has been awarded; drilling is to commence in January 2012 to confirm historical gold resources and to extend mineralized zones.
Greywacke Extension Project:
•Final airborne geophysical data has been received and is being interpreted to guide future exploration.
La Ronge Gold Corp. (the "Company") is pleased to announce that final results from the airborne geophysical survey as described in the News Release dated August 10, 2011 carried out by Fugro Surveys have been received. The Dighem survey was designed to test for aeromagnetic trends and conductive zones that may be related to undiscovered gold mineralization on the Greywacke trend. This trend is host to the Greywacke deposit, which is currently being developed for production by Golden Band Resources and Masuparia Resources. Little modern exploration has been conducted on this trend, which is a part of La Ronge gold belt in northern Saskatchewan. This geophysical data is currently being interpreted by the Company's consultants, and follow-up work on targets generated is planned for the summer of 2012.
A drill contract for a minimum of 2,500 m of diamond drilling has been awarded to evaluate the Preview SW gold deposit located in the La Ronge gold belt in Northern Saskatchewan. The objectives of this drilling are to bring the historical gold resources up to current NI 43-101 standards and to expand the mineralized zones. These historical resources are discussed in the News Releases dated October 17 and November 2, 2011. Drilling is anticipated to start in January 2012.
"Work conducted previously on the Preview SW gold deposit is deemed to be of high standards, and it will expedite the process of converting the historical ounces to the NI 43-101 standards," commented the Company's President, Rasool Mohammad. "Along the 97 kilometre-long prospective ground in the La Ronge Gold belt that the company controls, we will be also conducting basic exploration programs including airborne geophysics, stripping and trenching, and till sampling to identify other targets. The Greywacke trend airborne geophysical survey interpretation will help identify targets to be followed up by field work this summer."
Gordon Davidson, P.Geol., has reviewed the technical information in this news release.
La Ronge Gold Corp. is a gold exploration company focusing on the exploration of gold projects in Canada. The Company has acquired projects in Saskatchewan with historical gold ounces and is in the process of bringing those historical gold ounces to the NI 43-101 standards. The Company also holds other gold projects located in Ontario, Canada.
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
Contact Information
La Ronge Gold Corp.
Rasool Mohammad
President & CEO
(604) 639-4533
www.larongegold.com
December 6, 2011
La Ronge Gold Closes Private Placement
VANCOUVER, BRITISH COLUMBIA - La Ronge Gold Corp. (TSX VENTURE:LAR) ("La Ronge" or the "Company") announces that further to the Company's news release dated October 20, 2011 the Company received TSX-V approval on November 29, 2011 and closed its private placement with 2,690,000 NFT units (the "NFT units") and 1,388,000 flow-through units (the "FT units") for gross proceeds of $1,088,900. A finders' fee of $83,120 and 301,200 units (200,800 units have the same terms as the NFT units and 100,400 units have the same terms as the FT units) was paid from the proceeds.Each NFT unit and FT unit consisted of one common share and one non-transferable common share purchase warrant. Each full warrant entitles the holder to purchase one additional non flow-through common share of the company at an exercise price of $0.40 for two years from the date of issue of the warrant.
All securities issued will be subject to a four month hold period. Proceeds from the flow-through portion of the placement will be applied to La Ronge's exploration expenditures on the Company's Canadian properties and the proceeds from the non flow-through portion of the placement will also be applied to general working capital.
The company is amending the finder's fee for its private placement announced May 2, 2011. The finder's fee is being amended to include 299,200 units with an exercise price of $0.15, and 209,600 units with an exercise price of $0.20. Both groups of units are valid for two years from the date of issue.
Proceeds from the private placement will be used for exploration expenditures on the Company's Saskatchewan and Ontario mineral properties as well as for general working capital.
La Ronge Gold Corp. is a gold exploration company focusing on gold exploration projects in Saskatchewan and Ontario.
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.
Contact Information:
La Ronge Gold Corp.
Rasool Mohammad
President & CEO
(604) 639-4533
(604) 685-3764 (FAX)
www.larongegold.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release. The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.
November 24, 2011
Private Placement Increased
LA RONGE GOLD CORP. (TSX-V: LAR) is pleased to announce that it has increased the size of its private placement announced October 18, 2011 from 3,200,000 Units to 4,076,333 Units for total proceeds of up to $1,088,400. The financing will consist of flow through units priced at $0.30 and non flow through units priced $0.25 per Unit. Each Unit consists of one common share and one non-transferable share purchase warrant entitling the holder to purchase one additional common share for two years at a price of $0.40 per share. The private placement is subject to regulatory approval.Proceeds from the private placement will be used for exploration expenditures on the Company's Saskatchewan and Ontario mineral properties as well as for general working capital.
La Ronge Gold Corp. is a gold exploration company focusing on gold exploration projects in Saskatchewan and Ontario.
For further information contact:
Rasool Mohammad, President & CEO
Phone: (604) 639-4533
Website: www.larongegold.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release. The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations.
November 2, 2011
La Ronge Gold Corp. Commences Confirmatory Work on Preview SW Deposit in Saskatchewan and Appoints Gordon Davidson as Vice President of Exploration
Highlights
- Minimum of 2500 metres of confirmation drilling to commence in January, 2012 on the Preview SW deposit.
- The Preview SW Deposit is host to an historical resource of 493,690 tonnes grading 12.34 grams per tonne (g/t) gold (Au) containing an estimated 195,912 oz Au*.
- 5,780 m from 49 drillholes was recovered and re-boxed by La Ronge Gold's field crew.
A program designed to bring these historical resources up to current NI 43-101 standards has recently commenced. A field crew has recently returned from the site where historical drill core from the Preview SW Deposit is stored. Most of the drill core was found to be in very good shape, and an estimated 5,780 m from 49 drillholes was recovered and re-boxed by La Ronge Gold's field crew. Historical drilling by Cameco, the previous operator, totalled 14,119 m in 89 drillholes. Cameco drilled this deposit off at 15 m-section intervals, which is considered to be very detailed. It is remarkable that greater than 40% of the drill core from this drilling is now available for re-logging and re-sampling, considering that this core is 23 to 25 years old. La Ronge Gold's field crew also revisited many of the old drill collars, and a large number of these collars still have casing in them and are clearly labelled. This will simplify the job of confirming exact drillhole co-ordinates. The newly boxed core has been placed in newly erected core racks. Photos of this drill core restoration can be found on La Ronge Gold's website at http://www.larongegold.com/projects/preview.html
The next step to confirm these historical resources will be to collect all available historical data and create a GIS database for further data interpretation.
Requests for bids have recently been sent to drilling companies for a program consisting of a minimum of 2,500 m of diamond drilling designed to confirm the gold mineralization at Preview SW. Possible down-dip and down-plunge extensions of this mineralization will also be tested in this program, which will start in January 2012. During this drill program, technical staff will be re-sampling the historical drill core with appropriate QA/QC protocols.
"Evidence from this recently completed field work is a testament to the high quality of technical work and core preservation by Cameco Corp when they carried out this drilling between 1986 and 1989," commented the Company's President Rasool Mohammad. "This work is another step towards the definition of significant mineral resources with an attractive grade in an area where deposits of this size can be profitably mined."
The Company is also pleased to announce the appointment of Mr. Gordon Davidson, P.Geo, as the company's new Vice-President of Exploration. Gord has over 30 years of experience in mineral exploration. More recently, he directed exploration activities at Cumberland Resources, where he was an important member of the team bringing the Meadowbank Gold Project to a positive production decision.
Gordon Davidson, P.Geo, has reviewed the technical information in this news release.
La Ronge Gold Corp. is a gold exploration company focusing on the exploration of gold projects in Canada. The Company also holds other gold projects located in Ontario, Canada.
For further information contact:
Rasool Mohammad, President & CEO
or Kevin Hull, Investor Relations
Phone: (604) 639-4533
* Non-Compliant 43-101 Historical Resources and Reserves
The historical resource estimates quoted above are based on prior data and reports obtained and prepared by previous operators. The Company has not completed the work necessary to verify the classification of the mineral resource estimates and is not treating the mineral resource estimates as NI 43-101 defined resources verified by a qualified person. Although the historical estimates for the Preview SW Deposit should not be relied upon, the Company views these historical estimates as relevant and a significant indication of the project's mineral potential. These properties will require considerable further evaluation which the Company intends to carry out in due course.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release. The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations.
October 18, 2011
La Ronge Gold Corp Announces a Private Placement
Vancouver, October 18, 2011 - La Ronge Gold Corp.- LAR: TSX.V (the "Company") announces it will undertake a private placement (the "Placement") consisting of 1,600,000 flow-through units (the "FT Units") at a price of $0.30 per FT Unit, and 2,000,000 non flow-through units (the "NFT Units") at a price of $0.25 per NFT Unit for total gross proceeds of $980,000.Each FT Unit consists of one flow-through common share (the "FT Shares") and one non flow-through share purchase warrant (the "FT Warrants"). Each FT Warrant will entitle the holder to purchase one additional non flow-through common share, exercisable at a price of $0.40 per share for a period of 24 months from the date of issue of the FT Warrant. The FT Shares will entitle the holder to receive the tax benefits applicable to flow-through shares, in accordance with provisions of the Income Tax Act (Canada).
Each NFT Unit consists of one non flow-through common share (the "NFT Shares") and one non flow-through share purchase warrant (the "NFT Warrants"). Each NFT Warrant will entitle the holder to purchase one additional non flow-through common share, exercisable at a price of $0.40 per share for a period of 24 months from the date of issue of the NFT Warrant.
All securities issued will be subject to a four-month hold period. The offering is subject to the approval of the TSX Venture Exchange (the "TSX"). This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities. A finder's fee may be payable in accordance with the policies of the TSX. Proceeds from the flow-through portion of the Placement will be applied to the Company's exploration activities on its recently optioned gold projects in the La Ronge gold camp and the proceeds from the non flow-through portion of the Placement will be applied to general working capital.
La Ronge Gold Corp. is a gold exploration company focusing on gold exploration projects in Saskatchewan and Ontario.
For further information contact:
Rasool Mohammad, President & CEO or
Kevin Hull, Investor Relation
Phone: (604) 639-4533
Website: www.larongegold.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release. The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.
October 17, 2011
TSX-V: LARLa Ronge Gold Corp acquires large land position with historical gold resources in northern Saskatchewan, Canada
Highlights
Total Land Package:- Including the optioned claims and the independently-staked claims, a total of 41 claims have been acquired covering 52,932 hectares (130,797 acres).
- These claims include two historical* non-NI 43-101- compliant gold deposits, namely Preview SW (formerly known as P.A.P. SW) and Twin deposit.
- Confirmatory diamond drilling on the Preview SW will commence this winter, followed by diamond drilling on the Twin deposit.
- Historical Gold Resources (non-43-101 compliant): 195,912 Troy Ounces of Gold (Oz of Au), 493,690 tonnes grading 12.34 grams per tonne (g/t Au).
- Drilling: Eighty-nine diamond drill holes totalling 14,119 m at 15 m centres were drilled into the Preview SW deposit during 1986-1989.
- Historical Gold Resources (non-43-101 compliant): 101,250 Troy Ounces of Gold (Oz of Au), 612,350 tonnes grading 5.14 g/t Au.
- Drilling: Thirty-three diamond drill holes totalling 4,290 m at 25 m centres were drilled into the Twin deposit during 1982-1984.
Contiguous to the optioned claims, the Company has staked an additional 14 claims covering 34,098 hectares. Including the optioned claims and independently-staked claims, the entire land package is comprised of 41 claims ("the Property") covering 52,932 hectares (130,795 acres). The Property is located in a prolific gold belt in Northern Saskatchewan, where Claude Resources (Seabee Mine) and Golden Band Resources operate multiple gold mines. Please see the location map of the projects available on the Company's website at: http://larongegold.ca/projects/ProjectsLocation22.pdf
Historial Drilling and Resources:
| Deposit | No. of Drillholes | Year | Metres Drilled | Tonnage(T=ton ; t=tonnes) | Gold Grade (opt=Ounces per ton ; g/t = grams per tonne) | Total Contained Ounces of Gold (Historic)* |
| Preview SW (i) | 89 | 1986-89 | 14,119 m | 544,200T
or 493,690t |
0.36 opt or
12.34 g/t Au |
195,912* |
| Wedge (Twin Zone) ii | 33 | 1982-83 | 4,290 m | 675,000T
or 612,350t |
0.15 opt or
5.14 g/t Au |
101,250* |
Non NI 43 - 101 compliant resources; (i) Saskatchewan Energy & Resources Mineral Deposit Index #0453 (ii)Saskatchewan Energy & Resources Mineral Deposit Index #01147
* Non-Compliant 43-101 Historical Resources and Reserves:
The historical resource estimates quoted above are based on prior data and reports obtained and prepared by previous operators. The Company has not completed the work necessary to verify the classification of the mineral resource estimates and is not treating the mineral resource estimates as NI 43-101 defined resources verified by a qualified person. Although the historical estimates for the Preview SW and Twin Deposits should not be relied upon, the Company views these historical estimates as relevant and a significant indication of the projects mineral potential. These properties will require considerable further evaluation which the Company intends to carry out in due course.
The Company is planning an aggressive exploration program on its 52,932 hectare prospective ground in the La Ronge Gold Belt. The primary focus of this program will be to bring the historical resources of the Preview SW and Twin Deposits up to a NI 43-101 standard. Most of the drill core from the Preview SW deposit has been re-boxed and re-labelled, and is available for re-sampling. Confirmatory diamond drilling on the Preview SW will commence this winter, followed by diamond drilling on the Twin deposit. Other regional surveys to be carried out over the next year include airborne geophysics, till sampling, stripping, and trenching.
PREVIEW PROJECT:
Geology and Mineralization:Preview (formerly known as P.A.P. SW) is underlain by early Proterozoic metavolcanic rocks of the Central Metavolcanic Belt intruded by diorite to ultramafic sills probably related to adjacent Contact Lake intrusion. The metavolcanic rocks vary from felsic to mafic composition and contain a significant volcaniclastic component.
Structurally controlled mesothermal lode gold is found in quartz veins on the margins of sheared dioritic-gabbroic sills and is associated with sulphides i.e., Arsenopyrite +/- Pyrite +/- Pyrrhotite +/- Chalcopyrite. The zone of diorite-gabbro sills extends for 5200 m in a northeast-southwest direction across the property and reaches approximately 200 m in width. Several sub-parallel northeast-trending zones, totalling 150 m in width, make up the Preview SW deposit. Four structural zones (K, L, M, and R) make up the deposit. The zones bifurcate and merge. The en echelon 1 to 10 m-wide structures are persistent at depth and often merge in that direction too.
Please refer to the location map for details of Preview SW, A, B, and C zones on the Company's website at: http://larongegold.ca/projects/Figure-6.6-Compilation-PAP-A-and-SW-zones-SMDC-and-Cameco-drillhole-locations.pdf
Examples of better intersections are:
| Zone | Hole # | Intersection (m) | Width (m) | Value |
| L zone | PR86-15 | 14.5 - 20.8 | 6.3 | 8.57 g/t Au or 0.25 oz/ton |
| K zone | PR88-61 | 99.9 - 102.1 | 2.2 | 20.58 g/t Au or 0.6 oz/ton |
| K zone | PR88-61 | 108.5 - 111.0 | 2.5 | 15.09 g/t Au or 0.44 oz/ton |
| K zone | PR88-61 | 157.7 - 158.1 | 0.4 | 154.63 g/t Au or 4.51 oz/ton |
The deposit's historical resources are contained within a number of discrete zones varying from 70 m to 288 m in length, an average of 16 m in width, and a maximum of 180 m in depth.
Drilling:
Previous exploration programs were conducted over the area when the Saskatchewan Mining Development Corporation (SMDC and later Cameco) acquired the property in 1978 and continued with partners until 1989.
The Cameco-operated joint venture prioritized the Preview SW area and tested it with close-spaced drilling. The joint venture reported in 1989 that the Preview SW geological reserves were 493,690 tonnes at 12.34 g/t Au.
Two styles of mineralization exist on the Preview property: structurally controlled mesothermal lode gold and stratabound epithermal mineralization hosted in a lean iron formation.
The lode gold mineralization is associated with brittle-ductile and ductile deformation zones within mainly greenschist facies metamorphosed diorite-gabbros. The host rock and mineralization are Paleoproterozoic in age.
Additional zones of gold mineralization (the Preview A, B and C zones) have been partially defined with drill holes along strike from the Preview SW deposit suggesting there is considerable room for expansion.
WEDGE LAKE PROJECT:
Geology and Mineralization:Twin Deposit
Wedge Lake -Twin deposit is stratabound and possibly strataform in an iron formation quartz clast breccia unit. The deposit was outlined in 38 diamond-drill holes collared on 25 m centres along a 450 m strike length to a depth of 175 m, with average zone width ranging from 2.4 m to 4.6 m. The deposit remains open along all directions.
Gold mineralization in the Twin zone is associated with a mixed sulphide/oxide facies iron formation breccia. Two bands of iron formation have been mapped for a strike length of 3900 m, with numerous gold and copper occurrences associated with the iron formation and high grade quartz veins, including five mineralized zones that have been discovered to date on the property. The Twin zone remains open to depth and along strike and has been drilled to a depth of 175 m vertical. The Wedge Property location map is available on the Company's website at: http://larongegold.ca/projects/wedgelake/TwinLocation.pdf
Significant zones of gold and gold-plus-copper mineralization have been discovered and drilled along strike of the Twin Zone. Please refer to the Wedge Property location map to know more about these zones.
"We are very pleased with the quality of the historic exploration work conducted by previous companies on these deposits, especially the Preview SW," commented the Company's President Rasool Mohammad. "Our acquisition of these historic ounces will certainly add to the shareholders' value. La Ronge Gold has clearly positioned itself to be one of the major land position-holders in the gold belt covering 52,932 hectares (130,795 acres) of prospective ground."
Gordon Davidson, P.Geo, has reviewed the technical information in this news release.
La Ronge Gold Corp. is a gold exploration company focusing on gold exploration projects, in Canada. The Company also holds other gold projects located in Ontario, Canada.
For further information contact:
Rasool Mohammad, President & CEO
Phone: (604) 639-4533
or Kevin Hull, Investor Relations
Phone: (604) 639-4533;
Website: www.larongegold.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release. The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations.
August 10, 2011
TSX-V: LARLa Ronge Gold Announces "Wacke-Trend" Discovery on Greywacke Project - Commences Airborne Geophysics
HIGHLIGHTS- Current mapping and prospecting has resulted in the discovery of Greywacke mineralized rocks trending for 33 kilometres.
- Fugro Airborne Surveys begins flying a 1128 line-km Dighem EM, Mag and Resistivity survey over the prospective Wacky gold trend.
- An ongoing aggressive program of further prospecting, stripping and sampling along this prospective gold trend to define drill targets for the 2011-2012 drilling program.
Vancouver, BC, August 10, 2011 - La Ronge Gold Corp. (TSX.V: LAR) (the "Company") announces the discovery of mineralized boulders and sub-crop indicating that the "Wacke" gold trend can now be shown to extend for the entire 33 kms across the Company's Stewart River and Cuchon Bay properties in northern Saskatchewan. Please refer to location map.
This information is important as the Company seeks to confirm that its properties contain the regional extension of the gold-bearing "Wacke Trend", now up to 33 km in length with widths up to 100 m to 200 m. The mineralized Wacke Trend boulders and sub-crop consist of several specific lithologies that are host to the high-grade Greywacke deposit owned by Golden Band Resources Inc.
This recent discovery, tentatively referred to as Zone 37, has been sampled for Greywacke-style gold and zinc content. The samples have been sent to TSL Labs in Saskatoon for immediate analysis.
Company President and CEO, Rasool Mohammad, comments: "We are encouraged by the mineralization exposure on surface for the 33 km potential strike length. The Company is planning on a 2011-2012 drilling program to drill test those targets generated from the surface exploration program currently underway along with the airborne geophysical surveys."
The Company has also engaged Fugro Airborne Surveys to fly an 1128 line-km Dighem EM, Mag and Resistivity survey over the prospective Wacky gold trend to help identify drill targets under relatively thin overburden cover.
The project contains 6,415 hectares, which cover a defined 33 km long, highly prospective gold-bearing structural, stratigraphic horizon known as the "Wacke Gold Trend". The Greywacke gold trend along with more than one hundred gold showings, 12 gold deposits, and 4 producing mines is located in the La Ronge Gold belt in Northern Saskatchewan.
Companies involved in exploration in this productive belt included Placer Dome, Cameco, Shore Gold and Cominco and neighbouring Golden Band Resource, which recently commenced commercial gold production.
Geological Setting
The Greywacke gold deposit along with more than one hundred gold showings, 12 gold deposits, and 4 producing mines is situated at the contact between two regional lithological domains mapped by the Saskatchewan Geological Survey known as the "McLennan Arkose" and the "McLean Gneiss" complexes. The Cuchon Bay and Stewart River projects are located to the north and south of and along trend from the Greywacke deposit. Cameco discovered the Greywacke deposit in 1988 during regional prospecting and litho-geochem sampling. At the Greywacke deposit, gold occurs as fine native gold grains within a complex and variable sequence of sediments (arenites) and volcanic tuffs in association with minor sulphides and spalerite/gaunite minerals.
The Greywacke trend lithologies average between 100 m and 200 m in width and have a regional strike extent of greater than 50 kms. Previous geological reconnaissance work on the current claims area defined anomalous gold values up to 18.8 grams/ton Au with anomalous zinc values within a Greywacke host-rock setting. Greywacke gold trend in northern Saskatchewan was left unexplored due to the lack of recognition of this unique and high potential type of gold prospect and the significant geological model that generated the Greywacke high-grade gold occurrences.
La Ronge Gold Corp. is a gold exploration company focusing on the exploration of gold projects in Canada. The company also holds other gold projects located in Ontario, Canada.
Keith Metcalfe P.Geo, P.Eng has reviewed the technical information in this news release.
For further information contact:
Rasool Mohammad, President & CEO or
Kevin Hull, Investor Relations
Phone: (604) 639-4533
Website: www.larongegold.com
July 26, 2011
La Ronge Gold Corp options Cuchon Bay and Stewart River properties (Greywacke Project) in Northern Saskatchewan.
HIGHLIGHTS:
- More than one hundred gold showings, 12 deposits and four producing mines in the La Ronge Gold Belt
- Previous geological reconnaissance work has returned gold values up to 18.8 g/t
- Gold deposit settings resemble Hemlo (22M oz. gold) and Eleonore (9M oz. gold) styles
- Defined 33 km long gold-bearing horizon
- Remains a relatively unexplored gold belt
- Gold occurs as fine native gold grains in the neighbouring Greywacke Deposit
- All-weather-road provides access to projects
Terms of the Agreement are as follows:
- $10,000 in cash upon signing and an additional $5,000 payment by August 31, 2011.
- Issuance of 150,000 shares in La Ronge Gold Corp (LRGC) within 10 days of TSX approval of the Agreement and an additional 150,000 shares by August 31, 2011.
- Four years of contract work for a total of $100,000.
- The Optionor shall retain a 1.5% NSR Royalty with a buyout right to LRGC of $1,000,000.
- LRGC will incur total cumulative exploration/development expenditures of $700,000 on the project over five years.
Golden Band Resources / Masuparia
|
|
| Grams per tonne Gold
(g/t Au) |
Length of Interception -
Metres (m) |
| 8.3 g/t Au | 26.64 m |
| 9.14 g/t Au | 19.84 m |
| 23.98 g/t Au | 6.31 m |
| 18.03 g/t Au | 5.29 m |
| 18.93 g/t Au | 4.89 m |
Geological Setting
Greywacke gold deposit along with more than one hundred gold showings, 12 gold deposits, and 4 producing mines are situated at the contact between two regional lithological domains mapped by the Saskatchewan Geological Survey named the McLennan Arkose and the McLean Gneiss complexes. The Cuchon Bay and Stewart River projects are located to the north and south of and along trend from the Greywacke Project. Cameco discovered the Greywacke deposit in 1988 during regional prospecting and litho-geochem sampling. The discovery outcrop returned a channel sample grading 31 grams/tonne gold (0.9 ounces per ton) over 7.5m.
At the Greywacke deposit gold occurs as fine native gold grains within a complex and variable sequence of sediments (arenites) and volcanic tuffs in association with minor sulphides and spalerite/gaunite minerals.
The Greywacke trend lithologies average between 100m and 200m in width and have a regional strike extent of greater than 50kms. Previous geological reconnaissance work on the current claims area defined anomalous gold values up to 18.8 grams/ton Au with anomalous zinc values within a greywacke host-rock setting. The Geological Survey of Canada studied the deposit in detail (1994) and placed it in the 22M oz. Hemlo style of gold deposit settings. The Greywacke gold setting is also very strongly comparable in its geological and structural characteristics with GoldCorp's 9M oz. Eleonore deposit in Quebec. LRGC's Greywacke gold trend in northern Saskatchewan was left unexplored due to the lack of recognition of this unique and high potential type of gold prospect and the significant geological model which generated the greywacke high-grade gold occurrences.
The Company's President and CEO Rasool Mohammad states "We are positioning ourselves in a mining-friendly jurisdiction of the country where a trained workforce is available. The La Ronge gold belt offers a unique opportunity where we can acquire large-scale projects at reasonable prices and explore for world-class deposits."
Keith Metcalfe P.Geo, P.Eng has reviewed the technical information in this news release. La Ronge Gold Corp is a gold exploration company focusing on the exploration of gold projects in Canada. The company also holds other gold projects located in Ontario, Canada.
For further information contact:
Rasool Mohammad, President & CEO
or Kevin Hull, Investor Relation
Phone: (604) 639-4533
Website: www.larongegold.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release. The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.
June 29, 2011
Approved Name Change Chalice Diamond Corp. to Become La Ronge Gold Corp.
VANCOUVER, June 29, 2011 - Chalice Diamond Corp. (TSX.V:COD) (the 'Company') is pleased to announce that it has changed its name to La Ronge Gold Corp., effective tomorrow, June 30, 2011. The name change has been accepted by the TSX Venture Exchange and was previously approved at a meeting of the Company's shareholders held on June 6, 2011.The Company's shares will commence trading on the TSX Venture Exchange under the new name at the opening of trading on June 30, 2011 under the trading symbol "LAR". There is no consolidation of capital.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.
June 27, 2011
Chalice Diamond Appoints Doug Turnbull, P.Geo., to the Board of Directors
VANCOUVER, June 22, 2011 - Chalice Diamond Corp. (COD:TSX.V) (the "Company") is pleased to announce the appointment of Doug Turnbull, P.Geo., to the Board of Directors of the Company.Mr. Turnbull is a consulting geologist with over 20 years experience in diamond and precious and base metal exploration. He holds an Honours Bachelor of Science degree in Geology and is a Qualified Professional Geoscientist recognized by the Association of Professional Engineers and Geoscientists of British Columbia. He has been the President of Lakehead Geological Services Inc. since 1990. Lakehead, a geological consulting company based in Vancouver, provides a variety of exploration services to exploration and mining companies.
"We are very pleased to welcome Mr. Turnbull to the Board of Directors and are looking forward to his assistance in providing his valued technical expertise to the Company's projects," stated Rasool Mohammad, President of Chalice.
The Company also announces that it has received TSX-V approval and closed its private placement of 4,303,330 non flow-through units ($0.15 per unit) and 3,180,000 flow-through units ($0.20 per unit) for gross proceeds of $1,281,499.50.
Each unit consisted of one common share and one-half of one non-transferable common share purchase warrant. Each full warrant entitles the holder to purchase one additional non flow-through common share of the company at an exercise price of $0.30 for two years from the date of issue of the warrant.
For further information contact:
Rasool Mohammad, President & CEO
Phone: (604) 639-4533
Email: info@chalicediamond.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.
June 23, 2011
Chalice Diamond Closes Private Placement
Vancouver, June 23, 2011 - Chalice Diamond Corp. - COD:TSX-V ("Chalice" or the "Company") announces that further to the Company's news release dated June 16, 2011 the Company received TSX-V approval on June 23, 2011 and closed its private placement with 4,303,330 NFT units (the "NFT units") and 3,180,000 flow-through units (the "FT units") for gross proceeds of $1,281,499.50. A finders' fee of $108,500 was paid from the proceeds.Each NFT unit and FT unit consisted of one common share and one-half of one non-transferable common share purchase warrant. Each full warrant entitles the holder to purchase one additional non flow-through common share of the company at an exercise price of $0.30 for two years from the date of issue of the warrant.
All securities issued will be subject to a four month hold period. Proceeds from the flow-through portion of the placement will be applied to Chalice's exploration expenditures on the Company's Canadian properties and the proceeds from the non flow-through portion of the placement will be applied to general working capital.
For further information contact:
Rasool Mohammad, President & CEO
phone: (604) 639-4533
Email: info@chalicediamond.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.
June 16, 2011
Chalice Diamond Increases Private Placement
VANCOUVER, BC - Chalice Diamond Corp. (TSX-V:COD) (the "Company") is pleased to announce that further to the Company's news release dated May 4, 2011 the Company has increased its private placement from 3,500,000 non flow-through units (the "NFT units") to 4,303,330 NFT units and from 2,500,000 flow-through units (the "FT units") to 3,080,000 FT units for gross proceeds of $1,261,499.50.Each NFT unit ($0.15 per unit) and each FT unit ($0.20 per unit) consisted of one common share and one-half of one non-transferable common share purchase warrant. Each full warrant entitles the holder to purchase one additional non flow-through common share of the company at an exercise price of $0.30 for two years from the date of issue of the warrant.
Finders' fees will be paid on a portion of the funds raised. The private placement is subject to regulatory approval.
Proceeds from the flow-through portion of the placement will be applied to Chalice's exploration expenditures on the Company's Canadian properties and the proceeds from the non flow-through portion of the placement will be applied to general working capital.
For further information contact:
Rasool Mohammad, President & CEO
Phone: (604) 639-4533
Email: info@chalicediamond.com
June 16, 2011
Chalice Diamond Corp Reaches Agreement for Settlement of Debts with Klondike Gold Corp and Amador Gold Corp.
VANCOUVER, BC - Chalice Diamond Corp. (TSX-V:COD) (the "Company") is pleased to announce that it has reached an agreement to settle outstanding amounts owed to it by Klondike Gold Corp ("KG-V") and Amador Gold Corp ("AGX-V").KG-V has agreed to repay COD $429,000, in the form of: $200,000 in cash, or shares at current market price (based on a 15 day trading average) and 750,000 shares of KG-V payable upon Exchange approval. If KG-V elects to repay in the form of cash, the $200,000 cash amount will be disbursed as follows: $50,000 upon Exchange approval and $50,000 on each of the next three anniversary dates.
AGX-V has agreed to settle its debt of $192,000 in the form of: $50,000 cash, or shares at current market price (based on a 15 day trading average) and 700,000 shares of AGX-V payable upon Exchange approval. In the event AGX-V elects to pay the $50,000 in the form of cash the monies will be disbursed as follow: $25,000 upon Exchange approval and $25,000 on or before the six month anniversary date.
For further information contact:
Rasool Mohammad
Phone: (604) 639-4533
Email: info@chalicediamond.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.
May 12, 2011
Notice Of Annual General Meeting of Shareholders
TO: The Shareholders of Chalice Diamond Corp.NOTICE IS HEREBY GIVEN THAT the Annual General Meeting (the "Meeting") of the shareholders of Chalice Diamond Corp. (the "Corporation") will be held in the Boardroom of Suite 701-675 West Hastings Street, Vancouver, British Columbia, V6B 1N2 on Tuesday, June 6, 2011, at 2:30 p.m. for the following purposes:
- To receive and consider the consolidated audited financial statements of the Corporation for the financial year ended July 31, 2010, together with the report of the auditors thereon.
- To re-appoint the Corporation's auditors for the ensuing year and to authorize the directors to fix the remuneration of the auditors.
- To determine the number of directors of the Corporation at four (4) and to elect directors of the Corporation for the ensuing year or until their successors have been duly elected or appointed.
- To consider and, if thought advisable, pass an ordinary resolution that approves the Corporation's 2011 Stock Option Plan.
- To consider and, if thought advisable, pass a special resolution that approves the changing of the Company's name.
- To consider and, if thought advisable, pass an ordinary resolution that approves the re-pricing of stock options; and
- To grant the proxyholder authority to vote at his/her discretion on any other business or amendment or variation to the previous resolutions.
Notice-2009
Shareholders who are unable to attend the Meeting are requested to date, complete, sign and return the enclosed Form of Proxy. A proxy will not be valid unless it is delivered to the Corporation's registrar and transfer agent, Computershare Investor Services Inc., Proxy Department, by any of the following methods: by mail: 9th Floor, 100 University Avenue, Toronto, Ontario, M5J 2Y1; by fax within North America to 1-866-249-7775 and outside North America to (416) 263-9524; by telephone: 1-866-732-8863; or online: www.investorvote.com not less than 48 hours, excluding Saturdays, Sundays and holidays, prior to the time of the meeting or any adjournment thereof. The Corporation's management is soliciting the enclosed Form of Proxy but, as set out in the Notes, you may amend the Form of Proxy if you wish by striking out the names listed and inserting, in the space provided, the name of the person you want to represent you at the meeting. Only Shareholders of record on May 4, 2011 are entitled to receive notice of and vote at the Meeting.
DATED at Vancouver, British Columbia this 4nd day of May 2011.
BY ORDER OF THE BOARD OF DIRECTORS
"Rasool Mohammad"
Rasool Mohammad,
President & Chief Executive Officer
May 04, 2011
Chalice Diamond Corp. Announces Private Placement
VANCOUVER, BC -- Chalice Diamond Corp. (TSX-V:COD) (the "Company") plans to complete a private placement of up to $1,025,000 through the sale of approximately 3,500,000 non-flow through units and 2,500,000 flow through units. The units will be priced at $0.15 per non-flow through and $0.20 per flow through unit. Each unit will consist of either one flow-through, or non-flow through common share and one half of one non-transferable share purchase warrant entitling the holder to purchase one additional non flow through share for two years at a price of $0.30 per share.In accordance with Exchange policies, finders' fees may be paid on a portion of the funds raised. The private placement is subject to regulatory approval.
Proceeds from the private placement will be used for exploration expenditures on the Company's Ontario properties as well as for general working capital.
The company also announces the resignation of Lynn Evoy from the Board of Directors effective April 27, 2011. Mr. Steve Chan has been appointed to this vacant position. Mr. Chan was formerly Vice-President of Cambridge House International Inc. where he significantly contributed to the success of Canada's leading resource industry investment conference company. He has a vast network of contacts within the mining industry and will assist Chalice Diamond Corp with financings and public relations. Mr. Chan is also a director of Expedition Mining Inc. and Kermode Resources Ltd., both public companies trading on the Toronto Venture Exchange.
The Company also announces it has granted 750,000 stock options to all directors and officers of the Company and 75,000 stock options to employees and consultants at a price of $0.15 per share for a period of seven years.
For further information contact:
Rasool Mohammad
Phone: (604) 639-4533
Email: info@chalicediamond.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.
April 12, 2011
Chief Financial Officer & Director Appointed
Chalice Diamond Corp. (TSXV:COD) is pleased to announce that Larry Johnson has been appointed to the Company's Board of Directors and to the positions of Chief Financial Officer and Corporate Secretary. The Company also has received resignation of Alan Campbell, B.Comm, as a Chief Financial Officer. The company thanks Mr. Campbell for his contributions to the company. Mr. Campbell will stay on board as a Director.Mr. Johnson graduated from the University of British Columbia with a B.Sc. (Geology) and became a Chartered Accountant in 1975. He has been involved in mineral exploration as a field geologist and project manager across North America for diamonds and both precious and base metals including Charles E. Fipke's Dia Met Minerals, discoverer of the Ekati Diamond Mine in Canada. He has been employed as a Chief Financial Officer for several junior resource companies including Fronteer Gold which Newmont Mining is to acquire for about Cdn. $2.3 billion. The Company also announces it has received resignations of Darcy Hughes as Director and Diana Mark as Corporate Secretary. The Board thanks both Darcy and Diana for their contributions to the company and wishes them well on future endeavours.
The company is actively looking at projects in Canada, Mexico, and South America and public announcement will me made, shortly after upon successful acquisitions, of company's short and long term goals.
For further information contact:
Rasool Mohammad, B. Sc. (Mining Engineering)
President & CEO
Phone: (604) 639-4533
Email: info@chalicediamond.com
February 24, 2011
Chalice Diamond Corp: Bird Township and Corporate Update
VANCOUVER, BC - Chalice Diamond Corp. (TSX-V:COD) (the "Company") had optioned the Bird Township property in 2007 as it was believed to be similar to the Eagle Nickel-copper deposit of Kennecott Mineral Co in northern Michigan.The company flew the property with Geotech's VTEM system and compiled data which indicated strong mag anomolies. Further intriguing management, was the fact that Kennecott Mineral Co recently brought into production the Eagle mine on similar geology as the Bird Township property
Management believed the unusually large reverse mag anomaly showed considerable promise for the discovery of a large Nickel-copper deposit. The company drilled 1785m in diamond drilling to test the magnetic anomaly and a coincident MMI (Cu, Ni,) geochem anomaly. One hole drill tested the target at 800m depth. Significant magnetite alteration was observed in the drill hole which is believed to have caused the reverse magnetic anomaly. The drill assay results did not find anything of significance.
The company presented the property data to senior mining companies. Upon the field visits, data interpretation, & the drill-core inspection by the senior companies' geologists, the company received a negative response. The Company wishes to report that after several months of evaluating the Bird Township Property, it has dropped its option to acquire an interest in the property and is currently pursuing more promising options which will become public over the coming few months.
The company also announced today that Mr. Richard W. Hughes, President, Chief Executive Officer and Director of the Company, has resigned his positions. Mr. Hughes' resignation is effective February 24, 2011. Mr. Rasool Mohammad, B.Sc.(Mining Engineering) has been appointed to the Company's Board of Directors and to the positions of President and Chief Executive Officer. Mr. Mohammad has over 15 years experience in the mining and mineral exploration industry. Mr. Mohammad has worked for companies such as BHP, Miramar Mining, Hunter Dickenson Inc., Cumberland Resources Ltd., and several other Vancouver based junior exploration companies, and has worked on mining projects in Canada, the United States, Mexico, Colombia, Peru, and Brazil.
The Company thanks Mr. Hughes for his contributions and wishes him well in his future endeavors.
For further information contact:
Alan Campbell,
CFO/Director
Phone: (604) 639-4533
Email: info@chalicediamond.com
701-675 West Hastings Street
Vancouver, BC, Canada, V6B 1N2
Phone: (604) 639-4533
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