VANCOUVER, BC , Oct. 4, 2022 /CNW/ - Gold Line Resources Ltd. (TSXV: GLDL) ("Gold Line" or the "Company") is pleased to announce commencement of a diamond drilling program at the 100% owned Paubäcken project located in the Gold Line Belt, northern Sweden .
The Company plans to complete up to 1500 metres of diamond drilling at the Aida target on the Paubacken Project using one drill rig. The program is designed to test over 800 metres of identified structural corridor coincident with anomalous top of bedrock gold and pathfinder anomalism. The program will step out on the 22.5 m @ 2.4 g/t Au intercept (see Dec. 27, 2021 news release) to understand size, geometry, and structural controls of mineralization along the Aida structural corridor.
The recently completed 5-hole 760 metre winter drilling program was encouraging and confirmed bedrock mineralization identified in the 2021 regional BoT/ToB drilling program. The campaign included 22.5 m of 2.4 g/t Au in PAU21003, located under approximately 20 m of glacial till cover. The 2022 diamond drilling program intends to step out on this intercept to depth and along strike to the north and south on the Aida structural corridor. In 2021 wide-spaced regional BoT/ToB drilling identified several additional anomalous Au and pathfinder anomalies at Aida coincident with sub-parallel structural corridors.
Gold Line's Paubacken Project consists of three main target zones, Aida, Belle and Harpsund. Summer work programs continued systematic exploration of the target areas and leave the company well positioned with extensive targets in the project area. "We are following up a very exciting technical milestone in our exploration programs to date, and expect to be busy throughout the fall and winter drilling seasons", Commented CEO Adam Cegielski .
About the Paubäcken Project
The Paubäcken Project consists of 3 licenses covering 17,097 hectares that cover the central part of an emerging district in north central Sweden known as the "Gold Line Belt". The Gold Line Belt is host to several significant gold deposits, including the nearby Barsele project (operated as a joint venture between Agnico Eagle Mines Ltd. and Barsele Minerals Corp) as well as the Svartliden mine and Fäboliden development project (operated by Dragon Mining Ltd). The Svartliden mine was in production from 2005 to 2015 and a total of 3.18 million tonnes of material grading 4.1 g/t Au was processed during its operation (http://www.dragonmining.com/svartliden).
The Paubäcken Project is strategically positioned between Barsele and Fäboliden, is a few hundred meters northeast of the Svartliden mine, within the Gold Line Belt in northern Sweden . The Project contains 22 kilometres of the regionally significant "Gold Line" structure which can be traced for over 200 kilometres in regional geophysics data. All mineralization discovered to date shows a spatial relationship to this structural corridor, occurring mainly on second and third order splay structures. The Geology of the Paubacken project consists of a sequence of inverted basin sediments and mafic volcanic rocks intruded by small syn-kinematic granitic intrusions within a broad, anastomosing high strain structural corridor. The rocks are regionally metamorphosed to upper greenschist and amphibolite grade and gold mineralization is associated with intense sericite, carbonate, biotite, and calc-silicate alteration assemblages and sulphide minerals pyrite, arsenopyrite, and pyrrhotite. These lithological sequences are highly prospective for orogenic gold deposits.
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Benjamin Gelber , M.Sc., P.Geo., a Qualified Person.
About Gold Line Resources Ltd.
Gold Line Resources is focused on acquiring mineral properties with exceptional exploration potential in the most prolific gold-producing regions of Sweden and Finland . Gold Line is working in two of the world's top mining jurisdictions and emerging exploration frontiers due to their strong mineral endowment, stable tenure, straightforward permitting, favourable tax regime and supportive geopolitical landscape.
Gold Line currently holds a prospective portfolio of gold exploration projects in Sweden and Finland . In Sweden projects are located in the Gold Line Mineral Belt and Skellefteå Belt of north-central Sweden , and the Mjøsa-Vänern Belt in southwest Sweden . In Finland Gold Line holds the entire underexplored Oijärvi Greenstone Belt located in northern Finland .
On behalf of the Board of Directors of Gold Line Resources, Adam Cegielski CEO & Director
Website: https://www.goldlineresources.com/ Facebook: https://www.facebook.com/Gold-Line-Resources Twitter: https://twitter.com/GLDL_Resources Instagram: https://www.instagram.com/gold_line_resources/ LinkedIn: https://www.linkedin.com/company/gold-line-resources-ltd
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains statements that constitute "forward-looking statements." Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause Gold Line's actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur.
Forward-looking statements in this news release include statements that are not historical facts. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others: that exploration and development activities will not be completed as planned; that the results of exploration and development activities will not be as anticipated. Gold Line may require additional financing from time to time in order to continue its operations which may not be available when needed or on acceptable terms and conditions; compliance with extensive government regulation; domestic and foreign laws and regulations could adversely affect Gold Line's business and results of operations; the stock markets have experienced volatility that often has been unrelated to the performance of companies and these fluctuations may adversely affect the price of Gold Line's securities, regardless of its operating performance; and the impact of COVID-19. The forward-looking statements contained in this news release represent the expectations of Gold Line as of the date of this news release and, accordingly, are subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. Gold Line undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
SOURCE Gold Line Resources Ltd.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2022/04/c7283.html
The 86-year-old investing legend has spoken. You may want to pay attention.
(Bloomberg) -- Investors are looking beyond a looming global recession and they see one country – and its financial markets – emerging strongest on the other side.US stocks and bonds will lead the way out of the current wave of market turmoil, according to respondents in the latest MLIV Pulse survey. Meanwhile they reckon it’s close to an even bet as to whether the UK economy or the euro area will fall into a slump first.About 47% of the 452 respondents expect the UK to win that unwelcome prize,
(Bloomberg) -- Chinese traders hoping for signs of a shift away from Covid Zero and further support for the ailing property sector were disheartened by President Xi Jinping speech, spurring a decline in stocks. The benchmark CSI 300 Index slid as much as 0.9% Monday, after anticipations ahead of the twice-a-decade Party Congress contributed to a jump on Friday. A gauge of Chinese equities listed in Hong Kong slumped as much as 2.2%, steeper than regional losses in Asia following a Friday plunge
Chances are good you're ahead of 25% of your peers.
Stock splits have been all the rage this year as several prominent companies have decided to go down this path to lower their share prices and boost the demand among retail investors at a time when the broader market has been in sell-off mode, but even this move hasn't given them reprieve on the stock market. Palo Alto Networks (NASDAQ: PANW), for instance, announced a three-for-one stock split on Aug. 22. Shares of the cybersecurity specialist shot up following the announcement, but they have lost momentum since thanks to the Federal Reserve's hawkish nature that has been weighing on the stock market this year.
Using technical analysis of the charts of those stocks, and, when appropriate, recent actions and grades from TheStreet's Quant Ratings, we zero in on three names. While we will not be weighing in with fundamental analysis, we hope this piece will give investors interested in stocks on the way down a good starting point to do further homework on the names. Plug Power Inc. recently was downgraded to Sell with a D+ rating by TheStreet's Quant Ratings.
(Bloomberg) -- Goldman Sachs Group Inc. sees attractive opportunities emerging in US stocks even as the S&P 500 benchmark remains expensive versus its history and accounting for interest rates.The risk-reward for the S&P 500 Index remains unattractive but “the degree of valuation dispersion within the equity market is wide,” strategists including David J. Kostin wrote in a note dated Oct. 14. They see opportunities in stocks linked to quicker cash flow generation, value, profitable growth, cycli
Currently, AT&T sports a high 7.4% dividend yield, which means the company will pay an estimated 7.4% of its stock price to shareholders each year. This number constantly fluctuates because it is calculated using the annual dividend payout divided by the stock price. The yield rises if the dividend goes up and the stock price stays the same.
(Bloomberg) -- It was a jarring image for one of the world’s fastest growing economies: Scores of Vietnamese flooded branches of the nation’s fifth-largest bank to pull out their savings amid rumors the lender was tied to a real estate conglomerate under investigation for fraud.Vietnam’s central bank spent the last week calming markets and depositors while Saigon Commercial Bank raised interest rates and lured back customers. On Saturday, the regulator said it would place the privately-held lend
Investors have become more confident that the company can put the past behind it as demand for air travel recovers.
Future Fund Active ETF co-founder Gary Black recommends to Tesla's board how it should spend some of the electric-vehicle company's cash.
(Bloomberg) -- Asian equities fell while major currencies made gains against the dollar in a cautious open to the week following further weakness on Wall Street and a defiant message to the world from China’s Communist Party congress.Stocks dropped in Japan, Australia and Hong Kong, where technology companies led declines. Contracts for the S&P 500 and Nasdaq 100 rose after tumbling Friday, when Treasury yields climbed as year-ahead inflation expectations increased. US Yields trimmed that move i
These chip companies have been taken out with the garbage, but they're far from last night's trash.
If you only read headlines, you might think that Beyond Meat's (NASDAQ: BYND) Friday press release announcing that the plant-based "meat" producer is shooting to be cash flow positive by the second half of 2023 was a piece of good news. Demand for plant-based meat has weakened, with consumers moving away from the category amid sky-high inflation.
It's been an ugly year for tech stocks. Of the more than 3,000 stocks in the Nasdaq Composite, the four stocks below are the worst-performing ones, with market caps of $1 billion or more. The company offers a price comparison tool for people to compare prescription drug prices.
Answer: It sounds like you’re feeling stressed about money and questioning your decisions, so we asked financial advisers and money pros what you’re doing right and what you might want to change. “I would base your savings rate towards a home, and how much you can temporarily divert from the student loan debt towards a home, on how much you think the home will cost,” says Joe Favorito, certified financial planner at Landmark Wealth Management.
The stock market has taken a nasty fall this year. Investors are increasingly concerned that the Federal Reserve's actions to combat red-hot inflation will put the economy in a tailspin. While their stock prices are down more than 40% from their peaks, making it much more expensive to raise equity capital, that won't limit them since they generate a lot of cash and have cash-rich balance sheets.
Companies with long track records of dividend growth are among our favorite to own as these names have proven business models that hold up better in recessionary environments. This is especially true for the Dividend Champions, those companies with at least 25 consecutive years of dividend growth. The first name to discuss is Kimberly-Clark, a leading consumer products company that is valued at more than $38 billion.
Wall Street in the week ahead will turn to quarterly results from companies like streaming giant Netflix Inc. and electric-vehicle maker Tesla Inc.
The company’s U.S. chief operating officer, chief financial officer and national field operations director have decided to retire in November as rising rates threaten to dent lump-sum payouts for corporate pensions.