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Its wholly-owned Kenville Gold Mine property is ranked the 26th largest gold producer in British Columbia history. The Company recently announced the discovery of 4 new gold veins with intercepts up to 26.6 g/t Au, 40.2 g/t Ag. This newly discovered high grade gold vein system, which can be traced for at least 700 metres, represents a potential new gold + silver resource on the Kenville property.
The company currently has $17.5 Million in the treasury. Hole RSC-003 recently intersected 2.92g/t gold over 146m. The Evolving Gold management team has over 200 years of collective experience.
Focused on upgrading resources to reserves and complete a mine development at El Valle in northwestern Spain. The estimated resources for El Valle/Carles resources as of January 20th, 2009 are as follows:
[Measured Indicated & Inferred] 2,237,000 Ounces Gold; 190 million pounds Copper (13.7Mt@5.1g Au/t and 0.63% CU; Scoping Study Now Available.
Company has cash in the bank ($10M financing Q3/08), a current drill program of 30,000m, upcoming resource calculation Q1/09 and scoping study Q2/09. Recent intersections include 31.08 Metres of 16 g/t gold equivalent.
Company has a NI 43-101 compliant resource of 969,546 oz. gold with proven reserves and has generated US$7.48M in gold sales in 2008 by producing 8,651 oz. gold. The company is currently in a strong cash position: US$3.94M & working capital of US$4.97M as of December 31, 2008. New Dawn Mining has a low share structure; less than 30M shares outstanding.
Northern Star Mining's crown jewel, the Midway property, is an advanced gold project located in the Abitibi Gold Belt in Quebec. Recent results include: 2.54oz/t Over 15.74 Ft on significant new Midway gold discovery
NI 43-101 compliant resource estimate with 372,900 Oz gold indicated and 321,800 Oz gold inferred. The Brookbank property is located in the prolific Beardmore-Geraldton Greenstone Belt and is one of the largest undeveloped resources of northern Ontario.
Seven new gold bearing veins were discovered on the Golden Extension in Northwestern Ontario. The Golden Extension reported channel results of up to 136.5 g/t gold and is believed to be the northwest extension of Kodiak’s Golden Mile.
Company has over $30 million cash, an NI 43-101 resource estimate of 19.7 million ounces of gold indicated and 14.3 million ounces of gold inferred. Seabridge owns 100% of the KSM project in British Columbia, one of the world’s largest undeveloped gold deposits. Seabridge was added to the S&P Global Gold and S&P Global Mining Index.
Shoreham recently intercepted 1.15g/t Au over 215m at its majority-owned Marudi Mountain Gold Project in Guyana and up to 209.5 g/t Au across an 80 cm vein at their Black Banana property, also in Guyana.
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