Consolidated Goldfields Corporation Offers Comprehensive Muskox Intrusion Database for Sale
Consolidated Goldfields Corp. (Consolidated” or the “Company”) (“CDGF”) is pleased to announce the sale of a comprehensive database related to the exploration of the Muskox intrusion in Nunavut Territory, Canada. Consolidated legally purchased the Muskox data from Prize Mining Corporation, as referenced in the Company press release dated, January 8, 2014. Information about the property and the data package can be found on the Company’s website and associated links.The Muskox intrusion is one of the last undeveloped world-class Nickel-Copper-Platinum Group Element (PGE) prospects in the world. Consolidated is offering for exclusive sale a complete modern data set compiled from this property. It represents over $16 million worth of data including geochemical sampling, various types of geophysics, drilling, laboratory analysis and much more, which will allow the owner to begin an advanced exploration program immediately.
The Muskox intrusion, located in northern Canada, is within a geological environment strikingly similar to that hosting the Noril’sk/Talnakh deposits, the world’s greatest accumulation of mineral wealth on the planet. To date the potential for the Muskox intrusion to host mineralization on the scale of the Noril’sk property has barely been tested but a significant database is available for timely and efficient planning and execution of an exploration program.
The majority of the world’s PGE production is from Russia or South Africa and exploration of the Muskox intrusion presents an opportunity to discover a significant PGE deposit in a politically stable jurisdiction. Consolidated is offering the data set for the entire region hosting the geologically favorable intrusion. Dr. Larry Hulburt, an acknowledged world expert in ultramafic ore deposits and especially the Muskox property, organized and managed the data set for Prize Mining and its processor company in the past.
This database represents over 15 years of exploration and four multi-year programs conducted back to 1955, and would easily exceed a modern 20 million dollar exploration expenditure. Almost every bedrock exposure has been investigated and more than 1100 surface samples have been collected along the tens of kilometers of gossan that continuously strike along the margins of the intrusion.
The intrusion has been the target of greater than 5600 line kilometers of airborne magnetic and EM surveys, 466 line kilometers of ground geophysical surveys which include VLF, HLEM, Gravity, MT, and AMT. At least 4100m of borehole geophysical surveys and 238 diamond drill holes totaling more than 34,000m were completed on the property.
The comprehensive data package includes the following:
1) Geological maps/cross sections
2) Geochemical soil, rock chip sample assays
3) Geophysical, magnetic, gravity, and other electromagnetic surveys
4) Drilling results, logs/assays
5) Reports/presentations - interpretative discussions
6) Canadian Geological Survey reports and data
7) Anglo company reports
8) BHP Billiton company reports
9) Silvermet company reports
10) Muskox Minerals company reports
CDGF is an exploration stage company engaged in the acquisition, exploration and development of mining properties. The Company currently owns or controls a 100% interest in eight properties, located in Nevada of which two are under exploration—the Fisher Canyon and Klondike Pass properties. The Company also owns 100% of the Muskox Intrusion Data Inventory. The Muskox Intrusion is located in Nunavut, Canada. The Company recently acquired the mineral rights to three strategically located frac sand properties in Alberta and Manitoba, Canada. CDGF has filed a Notification Form with FINRA to change the Company name to Brilliant Sands Incorporated (“OTCPink: BRSD”) which will become effective on March 16, 2015.
Lane Griffin, VP Exploration, Consolidated Goldfields, is a Registered Member of the Society for Mining, Metallurgy, and Exploration and is a Qualified Person as defined in NI 43-101. Mr. Griffin has reviewed and verified the technical information contained in this news release.
Except for the historical information contained herein, certain matters discussed in this press release are forward-looking statements which involve risks and uncertainties. These forward-looking statements are based on expectations and assumptions as of the date of this press release and are subject to numerous risks and uncertainties which could cause actual results to differ materially from those described in the forward-looking statements. Forward-looking statements can be identified by, among other things, the use of forward-looking language, such as the words “plan,” “believe,” “expect,” “anticipate,” “intend,” “estimate,” “project,” “may,” “will,” “would,” “could,” “should,” “seeks,” or “scheduled to,” or other similar words, or the negative of these terms or other variations of these terms or comparable or similar language, or by discussion of strategy or intentions. Such forward-looking statements include, without limitation, statements regarding future business strategy, plans and goals and other statements that are not historical facts. Forward-looking statements address activities, events or developments that the Company expects or anticipates will or may occur in the future, and are based on current expectations and assumptions. Although management believes that its expectations are based on reasonable assumptions, it can give no assurance that these expectations will prove correct. The Company does not intend to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws.
A copy of the Company's report for the year ending December 31, 2013, can be found on the OTC Pink marketplace website at www.otcmarkets.com
Contact
Consolidated Goldfields Corp.
Marc J. Andrews, President/CEO
775-461-2545
mandrews@consolidatedgold.com
www.consolidatedgold.com