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Last C$0.01 CAD
Change Today 0.00 / 0.00%
Volume 0.0
PKS On Other Exchanges
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As of 5:00 PM 01/21/15 All times are local (Market data is delayed by at least 15 minutes).

parkside resources corp (PKS) Snapshot

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52 Week High
04/1/14 - C$0.02
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08/28/14 - C$0.0050
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30.9M
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parkside resources corp (PKS) Details

Parkside Resources Corporation, a junior resource exploration and development company, focuses on the exploration, discovery, and development of precious and base metal projects in Canada. It has an option to acquire a 60% interest in the Forester Lake Gold Property consists of approximately 20 staked mining claims comprising total area of approximately 4,352 hectares located in the Neawagank Lake Area in Kenora Mining Division, Ontario. The company was incorporated in 2005 and is based in Toronto, Canada.

Founded in 2005

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parkside resources corp (PKS) Key Developments

Parkside Resources Corporation Announces Completion of Prospecting, Sampling and Mapping Programs Conducted on Wiggle Creek and Savant Lake Gold Properties in Northwestern Ontario

Parkside Resources Corporation announced the successful completion of the prospecting, sampling and mapping programs conducted on its Wiggle Creek and Savant Lake gold properties in northwestern Ontario between October 23, 2014 and November 5, 2014. Geologists spent a total of 14 days on site, split equally between the two properties. During that time several known and unknown historical pits and trenches were located, visited and sampled. A number of grab samples, photographs and descriptions of the mineralization, and the host iron formation and clastic metasedimentary package, were obtained. The programs were successful in confirming the presence of high grade gold mineralization on both properties, including one grab sample of 138.87 grams per tonne gold, and ten additional samples of at least 20.0 grams per tonne gold. Four historic trenches were located on the Wiggle Creek property during the seven day field program. A total of 40 grab samples were taken from the trenches. A majority of the samples came from the rubble piles that were on the edge of the trenches, due to the trenches being slumped in and ingrown with vegetation. Of the 40 grab samples taken, a total of 22 were submitted for gold assay at Accurassay Laboratories in Thunder Bay, Ontario on November 10, 2014. Assay results returned values ranging from 0.026 grams per tonne gold to 20.132 grams per tonne gold. Of the 22 samples submitted, 10 returned assay values greater than 1 gram per tonne gold. The West Trench lies 200 meters to the west and along strike of the iron formation present in the Main Trench. The East Trench lies 90 meters to the east of the Main Trench and returned assay values ranging from 0.56 grams per tonne gold to 0.99 grams per tonne gold. All of the trenches are along strike of one another and all of the trenches contained mixed oxide facies iron formation and clastic metasediments which were host to pyrite and arsenopyrite mineralization, as well as quartz veining and ankerite alteration. A total of five historic gold occurrences and one copper occurrence were successfully located on the Savant Lake property during the seven day field program. 57 grab samples were taken from various gold occurrences, historic trenches and other areas. Of the 57 grab samples a total of 35 were submitted for gold assay at Accurassay Laboratories in Thunder Bay, Ontario on November 10, 2014. Assay results ranged from 0.05 grams per tonne gold to 138.87 grams per tonne gold. Of the 35 samples submitted, 25 returned assay values greater than one gram per tonne gold. The One Pine gold occurrence and One Pine East gold occurrence were located approximately 75 meters along strike of one another. Historic trenches were encountered at each location with gold occurrences consisting of mixed oxide facies iron formation and clastic metasediments which were host to pyrite mineralization, as well as quartz veining and ankerite alteration. The Shoal gold occurrence was located on a small outcrop in Savant Lake which is better exposed during lower lake levels. Samples were taken of blasted rubble which contained mixed oxide facies iron formation and clastic metasediments that was host to pyrite mineralization, as well as quartz veining and ankerite alteration. Located approximately 100 meters along strike to the southeast and on the mainland were the trenches of the L28W 25S gold occurrence. The L28W 25S gold occurrence consisted of a series of shallow pits that exposed mixed oxide facies iron formation and clastic metasediments which were host to pyrite mineralization, as well as quartz veining and ankerite alteration. The Horseshoe Trench gold occurrence was located near Snowbird Lake and thought to contain the historically reported Snowbird Vein. The trench contained mixed oxide facies iron formation and clastic metasediments as well as a 3 to 5 centimetre wide quartz vein that contained trace pyrite, as well as one flake of visible gold approximately 1 millimeter in size.

Parkside Commences Exploration on Two Recently Optioned Gold Properties

Parkside Resources Corporation announced that it has commenced prospecting, mapping, and sampling programs on its two recently optioned properties near Savant Lake, in northwestern Ontario. These properties are subject to a 2% NSR retained by the Optionors, and the Company has the option to purchase 1% of the NSR for the sum of $1,000,000. The properties are also subject to a 1.0% NSR to the Ontario Exploration Corporation for funding provided for exploration work on the properties. Previous work by other companies on the Wiggle Creek Gold Property has returned significant high-grade gold assays in surface sampling and diamond drilling, including historical grab samples of 78 grams per tonne (“gpt”) of gold (“Au”), and 15.5 gpt Au over an interval of 0.4 metres (true width unknown). The current prospecting program will focus on locating historic diamond drill holes and associated trenches, as well as locating and sampling other outcrops and trenches in the area. An additional focus will be on identifying and mapping the thickness and mineralization of iron formation packages on the Wiggle Creek Property. With regard to the Savant Lake Gold Property, the company’s focus will be on the Snowbird Lake Vein, where it has been previously reported that assays of up to 24.88 gpt Au, including significant visible gold, have been located and traced along a strike length of 1,200 metres. Note, the consistency and continuity of these assays, as well the true thickess of the drill intercept, is not known. The proposed work program will provide a better range of assays which will be reported by the Company once received.

Parkside Resources Corporation Appoints Andrew Cheatle and Gary Williams to its Advisory Board

Parkside Resources Corporation announced the appointment of Andrew Cheatle and Gary Williams to the company's Advisory Board. Andrew Cheatle is President and CEO of Unigold Inc. Gary Williams has conducted a wide range of exploration programs throughout Canada. His experience has centered on exploration for uranium, precious metals and base metals, focusing on the Athabasca Basin in Saskatchewan, the Thelon Basin in Nunavut, as well as the Hemlo, Abitibi and Mishibishu greenstone belts in Ontario. Being an active member of the geosciences community, Gary was involved in the Association of Geoscientists of Ontario Qualified Persons Task Force for the Environmental Geosciences, as well as, the Discipline Committee of the Association of Professional Geoscientists of Ontario from its inception to May 2008.

 

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