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| Shoreham Resources Ltd,Adidas NMD Shoes Cheap, a Canada-based exploration company dedicated to the exploration of advanced precious metal and polymetallic deposits in South America and Canada,Cheap Nike NFL Jerseys, has announced further developments regarding its Potaro-Maple Creek gold and diamond project here.In keeping with an agreement with Vannessa Ventures Ltd. (now Infinito Gold Corporation) that was finalised last year March,Cheap Hockey Jerseys Official, the company received an option to earn a 100 per cent working interest in its 40,000 acres of exploration licenses in the Potaro River area of Guyana.The agreement required Shoreham to undertake US$250,000 in qualified exploration expenditures prior to March 7, 2008, and make a sequence of cash payments to Infinito totalling US$1.2 million over four years,Zapatillas Nike Baratas, which includes cash payments of US$100,Cheap Nike NFL Jerseys Free Shipping,000 (paid May 5, 2007) and US$100,000 (paid May 5, 2008).Payments due May 2009 to 2011 may be made (at Shoreham’s option) in shares or cash. This property includes a previously operated 400 cubic metre per day alluvial diamond production and recovery facility.The geochemical surveying results to date indicate the presence of high priority targets in the Queen of Diamonds and Little Uewang concessions. Five areas on the Queen of Diamonds have been designated for further follow-up work.One area was selected for priority work because of its geological similarity to the deposits in the nearby Omai District. An area in the northeast of the Queen of Diamonds consists of altered metavolcanic rocks intruded by a cluster of felsic dikes and stocks that are associated with the better gold values encountered in the soil,Camo China NFL Jerseys, pan concentrates and stream samples.“The company is very pleased to be back in the field at Potaro. The results of our Phase I programme produced many new gold targets. Our present programme is designed to expand these anomalies into significant prospects and evaluate whether the company might utilize contract miner Midas Rex to undertake surface mining operations in this sector,” said David Bending,Kanken Bag Sale, President and CEO of Shoreham Resources Ltd.Midas Rex is concentrating its mining programme on high grade diamond bearing alluvial deposits, but these relatively large areas of disseminated and stockwork gold mineralisation offer an attractive alternative and another potential source of cash flow for our company with the added benefit of exposing the exploration targets for geological evaluation.“Confirmation and delineation of these targets by further field sampling is being undertaken to prepare the company’s Potaro-Maple Creek project for trenching, diamond drilling, and other development as may be warranted. We consider these to be substantial steps in the growth of the project, and in turn for the growth of our company,” Bending added. |
