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Rondal Gold Corp.

 

 

Rondal Gold Corp.  RGD   (ASE)

Name changed on 6/17/97 from Prior Resources.

Monarca Property, Zacatecas. Option to purchase 49% in 9,700 ha property near San Jose in Zacatecas and will pay 100,000 shares as finder's fee for the privilege. Picked up another 2000 Ha to bring land position to 11,700 Ha. This VMS property with prior Consejo drilling showing a 6 m intercept of 2.69% Cu in an overall 50 m intercept of 1.97% Cu. Rondal planned to commence with an 8,000 feet drill program starting 28Oct98. Quantec did some geophysics which served as basis for drill site selection. A Consejo Hg vapor geochem anomaly in the vicinity of Cerro Pelon led to IP survey design.

Press Release 22Oct98
Press Release 31Aug98
Press Release 14Jul98
GCN #36 20Feb98

El Trejo Project, Sinaloa. Acquired 100% interest (subject to 3% nsr) in Au property 128 km NE of Mazatlan. Subsequently ptioned 50% of said agreement to Riley Resources. Geochem anomaly in the 100's pf ppb to several gram Au over 1km long and 500m wide untested. Signed 3000 m diamond drill contract which initated Sep. 10, 1996. Eighteen holes between 100 to 200 ft in length were drilled in 350m by 400 m area. Hole 7 intersected 107 feet starting at the surface grading 1.15 g/t Au (which included a 5 ft section at 17.5 g/t Au and 31.6 g/t Ag). A 4000 ft trenching program in tuffaceous breccia was cut with a D7 cat to 2m depth. Strongly anomalous values from 0.3 to several grams Au in trenches. Geological open-pit target zone now 150m wide, 600m long and 150m deep (via drilling and/or relief) and estimated to be on the order of 300,000 oz. A Phase III 70-hole 10,000 ft program planned to proceed immediately as well as additional trenching to the south. Company presently drilling in potential OP area 480 ft by 1920 ft containing a potential resource of 300,000 ounces. Nine trenches averages 0.03 opt and the best hole to date intersected 107 ft at 0.034 opt Au

CSW 7Mar97
MBD February, 1997
Promo flyer in NMN v82#48 01/28/97
CSW 10Jan97
GCN #5 8Jan97
CSW 25Oct96
CSW 13Sep96
GCN #165 26Aug96
CSW 08/30/96

Mazatleca Property, Sinaloa. Option to purchase 100% interest (subject to 3% nsr) in property located 30 km N of Mazatlan. Sub-parallel Au-Ag-Pb veins and stockwork in low-lying agricultural property. Area discovered by Manuel Trejo about 10 years ago. He was high-grading sub parallel veins in area.

GCN #24 4Feb97
CSW 31Jan97

Pachuca Property. Located 60 mi N of Mexico D.F. A 50% earn-in option granted to a third party for a $600,000 work committment over 2 yrs.

Promo flyer in NMN v82#48 01/28/97