Faszinierend - Maximus Ventures 900922
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Maximus and NFX Report More High-Grade Results From the Bear Lake Gold Zone at Larder Lake
Hole #49 intersects 9.5 meters grading 19.4g/t Au
LONGUEUIL, QUEBEC and TORONTO, ONTARIO--(Marketwire - Sept. 4, 2008) - Maximus Ventures Ltd. ("Maximus") (TSX VENTURE:MXV) and NFX Gold Inc. ("NFX") (TSX VENTURE:NFX) are pleased to report new results from the follow-up drilling program on the Bear Lake gold zone of the Larder Lake Property located in northeastern Ontario. Hole #49 intersected, at 750 meters vertical depth, 9.5 meters of carbonate-type mineralization grading 19.4 g/t gold, including a section of 6.5 meters grading 27.9 g/t gold. This intercept is located 100 meters down dip and 150 meters to the east of hole #44, which intersected 15.1 meters grading 13.6 g/t gold, as reported in a press release dated June 4, 2008.
The high grade gold intercept in hole #49 confirms the deeper extension and continuity of high-grade gold values along the Bear Lake gold zone to depths of 750 meters vertical, more than 75 meters deeper than any prior intercept. Furthermore, the alteration (albitization, silicification) and the mineralization intersected to date all seem to increase in strength with depth, suggesting the Bear Lake Gold Zone remains open to depth.
"Although our primary target is the flow-type mineralization, we are pleased with the continuity and high grade of the carbonate-style mineralization, now developing as a primary target as well," stated Francois Viens, president and CEO of Maximus. "Both mineralized systems show great strength and continuity and are still open at depth and to the east".
Drilling Strategy
Most of the high-grade intersections obtained to date occur within "carbonate-type" mineralization, and were intersected in drill holes completed from north to south. Testing the parallel "flow-type" mineralization from the north has not been successful below 700 meters vertical and thirteen holes had to be abandoned either for technical problems or because of the strongly altered shear zone that lies between the carbonate-type and flow-type mineralization. However, approximately 60% of the gold produced at the now-closed Kerr Addison mine, located 5 kilometres east of the Bear Lake gold zone came from flow-ore, which historically produced higher and more consistent gold grades than the carbonate-ore (Smith, P., 1991, Archean Au-Ag-(W) Quartz Vein Mineralization within the Larder Lake-Cadillac Break, Kerr-Addison-Chesterville System, North-East Ontario, Master Thesis, U. of Toronto). Considering the significance of both types of mineralization in the exploration model at Bear Lake, the current drill program has been adjusted so that holes designed to test the Bear Lake gold zones at depths below 700 meters vertical are drilled from south to north in order to test the flow-type mineralization (before reaching the shear zone), and from north to south to test the carbonate-type mineralization.
Holes #47, also drilled at Bear Lake, deviated much more than anticipated and intersected 5.5 meters of altered flow-type mineralization at a depth of 415 meters vertical, which assayed 0.5g/t of gold, and intersected 2.0 meters of strongly altered carbonate-type mineralization grading 2.5g/t of gold at 600 meters vertical. These highly anomalous gold values, coupled with the strong alteration encountered in all the holes drilled below 400 meters, demonstrate the presence of a large gold mineralized system in the Bear Lake area.
Assay results from holes #46 and #48 drilled, at Fernland (located 2.3 kilometers west of Bear Lake), were also received and are reported in Table 1. Both holes tested favourable high-iron mafic volcanics (possible "flow-type" mineralization), west of the Fernland shaft and down-plunge from hole NFX06-15 (5.3 meters grading 1.8g/t gold, including 1.5 meters which assayed 4.7g/t gold). Although sub-economic, the strength of the alteration observed in the holes, and the significant widths of the flow-type mineralization intersected, seem to indicate a strong mineralized system below 400 meters vertical, which opens up a large area that warrants additional deeper drilling.
Highlights of recent results are presented below and complete results are presented in Table 1 available at the following address: http://media3.marketwire.com/docs/maximus_0904.pdf
Highlights of Recent Drilling Results at Larder Lake are available at the following address: http://media3.marketwire.com/docs/maximus_1_0904.pdf
Project Update
Three drill rigs are currently active at the Larder Lake Gold Project. Of the budgeted 43,000-meter drilling program that started in September 2007 at Larder Lake, a total of 25,000 meters of diamond drilling has been completed to date, in 45 holes. The drilling program will continue to test the Bear Lake gold zone with two drill rigs directed at down-plunge extensions of the high grade gold mineralization discovered to date, and a third drill rig is directed at strike extensions, all testing to a vertical depth of over 1,000 meters, using a 125 meter to 150 meter hole spacing. The 2008 drilling program will also test other promising gold targets on the Larder Lake Property. These targets are all located within the same rock units that host most of the gold occurrences along the Cadillac-Larder Lake Break, including the historic Kerr-Addison mine.
Larder Lake Property
Maximus has a 60% interest in the Cheminis, Bear Lake and Fernland projects and a 45% interest in the Barber Larder project, which together comprise the Larder Lake Gold Project located in northeastern Ontario. NFX has a 40% and 55% interest, respectively, in these projects.
NFX-Maximus Merger
As previously announced, Maximus and NFX have entered into a definitive arrangement agreement providing for the acquisition by NFX of all outstanding common shares of Maximus (the "Business Combination") in consideration of which each shareholder of Maximus will receive one (1) common share of NFX pursuant to a plan of arrangement under the Business Corporations Act (British Columbia) (the "Arrangement"). Currently, Maximus has approximately 74 million common shares issued and outstanding while NFX has approximately 53 million common shares issued and outstanding. Based on the one for one share exchange ratio, the Maximus and NFX shareholders will own approximately 58% and 42%, respectively, of the combined common shares outstanding. The Arrangement must be approved by two-thirds of the votes cast by shareholders present and voting at the special meeting of Maximus shareholders called to consider the Arrangement.
Maximus and NFX currently expect to hold their respective shareholder meetings on September 11, 2008 and to close the transaction on or about September 16, 2008.
The completion of the Business Combination is subject to the approval of the Supreme Court of British Columbia, the TSX Venture Exchange and all applicable regulatory authorities, and is further subject to other customary conditions set out in the arrangement agreement.
Quality Assurance and Control
As part of its QA/QC program, Maximus carried out check assays on the high-grade intersections with no discrepancies found in the assay results. The assays reported are the uncut average grades of all determinations from the same samples. The analytical method for gold is one (1) assay-ton fire assay, with gravimetric finish on all samples. All assays reporting over 2 g/t Au are automatically re-checked using the rejects. Assaying is done at Polymet Labs in Cobalt, Ontario. The quality control process includes inserting blank samples and certified standards within each batch sent to the laboratory.
Qualified Person
The technical content of the information contained in this news release was reviewed and approved by Mr. Bernard Boily, P. Geo., and Maximus' Vice President of Exploration. Mr. Boily is responsible for supervising the drilling program and is a qualified person under National Instrument 43-101.
Forward-looking Statements
This news release contains certain "forward-looking statements". All statements, other than statements of historical fact, that address activities, events or developments that Maximus and NFX believes, expects or anticipates will or may occur in the future, are forward-looking statements. These forward-looking statements reflect the current internal projections, expectations or beliefs of management of Maximus and NFX based on information currently available to them. Forward-looking statements are subject to a number of known and unknown risks and uncertainties beyond Maximus and NFX's control including uncertainties related to the completion of the proposed business combination, potential mineralization, exploration results, completion of work program, and availability of equipment necessary for the drilling program and future plans and objectives of the companies. Resource exploration, development and operations are highly speculative, characterized by a number of significant risks, which even a combination of careful evaluation, experience and knowledge may not eliminate, including, among other things, unprofitable efforts resulting not only from the failure to discover mineral resources but from finding mineral deposits which, though present, are insufficient in quantity and quality to return a profit from production. There can be no assurance that such statements will prove to be accurate and actual results could differ materially from those suggested by these forward-looking statements for various reasons discussed from time to time in filings made by the companies with securities regulatory authorities. This cautionary statement qualifies all forward-looking statements herein. Accordingly, readers should not place undue reliance on forward-looking statements. Maximus and NFX undertake no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
19:48:52 0,211 7.000 München
19:47:08 0,211 8.000 München
19:47:00 0,225 5.000 Berlin
19:43:40 0,225 5.000 Berlin
19:44:06 0,205 20.000 nach Frankfurt
insgesamt 75.000
13:48:48 0.33 -0.04 4,000 PI CIBC
13:46:51 0.33 -0.04 8,000 PI CIBC
13:22:14 0.335 -0.035 5,000 National Bank E-TRADE
13:20:31 0.335 -0.035 5,000 National Bank E-TRADE
Und es werden traurige Wochen den es wird wohl kein Maximus mehr geben,
aber dann kommen bestimmt Jubelwochen denn es kommt Bear Lake Gold!
Also Beerdigung und Geburt zugleich!!
Der Fusionstermin steht noch nicht fest und wird heute auf der HV festgelegt.
Für eine Aktie mxv erhalten sie voraussichtlich 1 Aktie NFX
Sofern auf der HV der Fusion zugestimmt wird, buchen wir ihren Bestand nach erhalt der Stücke um!!
Schnellschnaller!!
TSX VENTURE: NFX
Sep 11, 2008 14:33 ET
Maximus and NFX Shareholders Vote in Favour of Business Combination
TORONTO, ONTARIO AND LONGUEUIL, QUEBEC--(Marketwire - Sept. 11, 2008) - Maximus Ventures Ltd. ("Maximus") (TSX VENTURE:MXV) and NFX Gold Inc. ("NFX") (TSX VENTURE:NFX) are pleased to announce that shareholders of Maximus and NFX at their respective meetings held on September 11, 2008 in Toronto approved the resolutions necessary to allow the two companies to proceed with their planned business combination by way of statutory plan of arrangement, announced in their June 13, 2008 news release.
The special resolution approving the plan of arrangement ("Arrangement") was passed by 99.99 % of the 26,044,565 million votes cast at the Maximus meeting. The various resolutions related to the Arrangement presented to the NFX shareholders were passed by 99.95 % of the 9,370,000 million votes cast at the NFX meeting.
The completion of the transaction remains subject to court approval. A hearing before the Supreme Court of British Columbia at which Maximus will seek final court approval of the Arrangement has been scheduled for September 15, 2008. If court approval is obtained, Maximus and NFX anticipate that the transaction will close on or about September 16, 2008.
The TSX Venture Exchange has neither approved nor disapproved of the contents of this news release.
TORONTO, ONTARIO und LONGUEUIL, QUEBEC, SEP 11, 2008 (Marketwire via COMTEX News Network)--Maximus Ventures Ltd. ("Maximus") (TSX VENTURE: MXV) und NFX Gold Inc. ("NFX") (TSX VENTURE: NFX) freuen sich bekannt zu geben, dass die Aktionäre der Maximus und NFX ihrer jeweiligen Sitzungen am 11 September 2008 in Toronto die Beschlüsse notwendig, die beiden Unternehmen zu ermöglichen fortfahren mit ihren geplanten Unternehmenszusammenschluss von gesetzlichen plan der Anordnung, in ihre Juni 13, 2008-Pressemitteilung angekündigt angenommen.
Die spezielle Entschließung, die Genehmigung des plan der Anordnung ("Vereinbarung") wurde von 99,99 % der der 26,044,565 übergeben Millionen Stimmen umgewandelt, auf dem Maximus-treffen. Die verschiedenen Entschließungen, die im Zusammenhang mit der Vereinbarung, die die NFX-Aktionäre vorgelegt wurden vom 99.95 % der 9,370,000 verabschiedet Millionen Stimmen umgewandelt, auf dem NFX-treffen.
Der Abschluss der Transaktion bleibt Gegenstand zu Gericht Genehmigung. Eine Anhörung vor der Oberste Gerichtshof of British Columbia bei der Maximus letzte Gericht Annahme der Vereinbarung versuchen ist für September 15, 2008 geplant wurde. Wenn Gericht Genehmigung erhalten ist, erwarten Maximus und NFX, dass die Buchung auf oder über 16 September 2008 geschlossen wird.
TORONTO, ONTARIO und LONGUEUIL, QUEBEC, SEP 11, 2008 (Marketwire via COMTEX News Network)--Maximus Ventures Ltd. ("Maximus") (TSX VENTURE: MXV) und NFX Gold Inc. ("NFX") (TSX VENTURE: NFX) freuen sich bekannt zu geben, dass die Aktionäre der Maximus und NFX ihrer jeweiligen Sitzungen am 11 September 2008 in Toronto die Beschlüsse notwendig, die beiden Unternehmen zu ermöglichen fortfahren mit ihren geplanten Unternehmenszusammenschluss von gesetzlichen plan der Anordnung, in ihre Juni 13, 2008-Pressemitteilung angekündigt angenommen.
Die spezielle Entschließung, die Genehmigung des plan der Anordnung ("Vereinbarung") wurde von 99,99 % der der 26,044,565 übergeben Millionen Stimmen umgewandelt, auf dem Maximus-treffen. Die verschiedenen Entschließungen, die im Zusammenhang mit der Vereinbarung, die die NFX-Aktionäre vorgelegt wurden vom 99.95 % der 9,370,000 verabschiedet Millionen Stimmen umgewandelt, auf dem NFX-treffen.
Der Abschluss der Transaktion bleibt Gegenstand zu Gericht Genehmigung. Eine Anhörung vor der Oberste Gerichtshof of British Columbia bei der Maximus letzte Gericht Annahme der Vereinbarung versuchen ist für September 15, 2008 geplant wurde. Wenn Gericht Genehmigung erhalten ist, erwarten Maximus und NFX, dass die Buchung auf oder über 16 September 2008 geschlossen wird.
MXV - V HALTED 0.35
Willkommen bei NFX und dann bei Bear Lake Gold!!
§2008-09-16 09:11 0.35 Halt Trading Maximus Ventures halted at 6:10 a.m. PT
Here is a sample of this item:
Maximus Ventures halted at 6:10 a.m. PT
2008-09-16 09:11 ET - Halt Trading