Significant Deposits of Gold Discovered in Jamaica
A Canadian firm, Carube Resources, has made a significant discovery of copper and gold in the Bellas Gate region of St. Catherine.
The company which has pumped over CAD $3 million into prospecting the area made the announcement in a recent press release.
In the release, Dr. Vern Rampton, P.Eng., President and CEO of Carube stated:
“Carube is extremely pleased with the progress made on the Bellas Gate Joint Venture by partner OZ Minerals. We have intersected significant copper and gold mineralization at Connors and have identified encouraging porphyry systems at Hendley and Geo Hill that are now being drill tested. OZ Minerals has been able to systematically identify, sample, map and drill these high priority target areas in a quick and efficient manner. It is also important to note that the BGJV has tested and drilled only four of the 14 high priority targets so far.”
According to the release, two drills are currently operating on the property as part of the $3.6 million dollar 2015 exploration program. A third drill is being added to the program in the near future.
Work completed since the inception of the BGJV in January 2014 includes 5,500 metres of drilling in 18 holes. Helicopter magnetic and radiometric surveys have been completed over the entire property. Surface field work has been completed, including mapping, prospecting and the collection of 1,500 soil samples over numerous prospects. The total cost of exploration completed by OZ Minerals on the BGJV in 2014 was $2.9M.
The exploration update was provided by Miocene Resources Limited (“Miocene”), formerly Miocene Metals Limited (TSXV: MII) and Carube Resources Inc. (“Carube”), a private Ontario-based exploration company.
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You all didn’t learn anything from Bauxite company’s strip mining the island!! Don’t be greedy!
These Politicians are not Good at anything and they will be out foxed and we will lose everything!
When will they stop from making all these wonderful announcements, Then everything proves to be a disaster? DARN! JUST STOP IT>”
Ramesh Sujanani We have sought gold for years; The Spanish did in the 1600’s, and the British after they left by building the HOPE Mines, but nothing was found and the mines became flooded. Up to the 1900’s this search was active.There were clues; wherever there were deposits of Lead sulphide, and zinc sulphide, there would be gold and silver sulphide usually in solution, as the pyrites, or fool’s gold., Somewhere in the early 1700’s a large boulder of almost pure gold was found, but nothing else affiliated with this boulder could be traced. Gold would often be found with… Read more »
jamaica is a small island, o doubt if the amount of gold find will amount to a 30 year supply if companie strip jamaica out of her Gold. i think the gold should stay in the ground and be the asset of the bank of jamaica. we do not want to be left with deep empty holes in the ground aftre 30 years! and our gold gone of to the Americas. here again the government is on a path of selling off every Asset jamaica has and the thing is, the population does not benefit from the present economic benefits… Read more »
Michael manley sold the bauxite to the same people, Canadians, and what did we get 5%. Who says greedy ass PORTIA will do any better.
Will this be like the bauxite? I guess so. With all these dunces we got as politicians.
Bright Courtney ,you need to offer your service
Yea, if they want some good advice, hell yea!!!!.