Gold Blog....
posted on
Oct 07, 2009 09:20AM
(AGX: TSX-V)
Anomalous Gold Values Confirmed in Drilling and Surface Sampling over a distance of 500m at the Loveland Project.
The Loveland property is located in one of the largest gold camps in the world with total combined production exceeding 68 million ounces. Amador recently discovered high grade gold at surface in addition to their existing historical base metal resource.
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NI 43-101 Resource Estimate on the 257 Level on its Kenville Gold Mine of 250,845 ounces of gold measured indicated and inferred
The Kenville Gold Mine has 6 levels with the main production levels known as the 257 Level and the 275 Level. The 257 Level has a NI 43-101 report under review with a resource of 590,518 tonnes and 250,845 ounces of gold. Work is underway on the 275 Level to expand the known gold resource within the Kenville Gold Mine footprint. The Kenville Gold Mine property is ranked the 26th largest gold producer in BritishColumbia history.
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Recent grab sample of 30.2 g/t Au on its Opinaca gold project in James Bay, Quebec
The Opinaca property is located 380 km north of Matagami, Québec, in the James Bay areain the Eastmain Greenstone Belt, which hosts two known gold deposits: The Reservoir deposit (10 Mt at 0.65 g/t Au and 0.12% Cu) and The Eau Claire deposit (inferred and indicated resources of 990,000 ounces of gold). Recent exploration work on the property returned up to 31.44 g/t Au over 2.6 m including 55.94 g/t Au over 1.45 m.
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(BTC: TSX-V)
Growth through Acquisition, Investment and Discovery
The Company’s diverse property portfolio includes Canadian projects which are highly prospective for Gold, Uranium, Platinum, Palladium, Nickel and Copper.
Highlights Include:
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(CSG: TSX-V)
Operates 2 producing gold mines in the Americas.
Annualized gold production at the flagship El Castillo mine totaled 31,548 ounces of gold. Castle Gold is working towards expanding gold production at the El Castillo mine to 50,000 oz of gold by H2-2009. Metal revenues for the second quarter of 2009 totalled $7,542,379 compared to $847,250 in the prior year period. The El Castillo mine is located in the Durango district of Mexico and hosts 750,000 ounces of proven and probable Reserves within a 1.2 million ounce measured and indicated resource.
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(CZS: TSX-V)
Junior Explorer Active In Gold: High Grade & High Tonnage Properties
The 100% owned Prospect Valley Propertyis located in the center of the Spences Bridge Gold Belt, 35kms west of Merritt, British Columbia. Prospect Valley is a large gold open pit and vein type target that is comprised of a contiguous block of claims covering 10,796 hectares
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(EVG: TSX-V)
Evolving Gold Intersects 67.1 Meters at 10.8 gpt Au at Rattlesnake Hills
Evolving Gold Corp. is focused on finding multi-million ounce gold deposits in proven gold producing areas in Western USA. Their geoscience team has over 200 years of collective experience. Evolving Gold Corp. currently has $17 Million in the treasury.
Bulk tonnage gold deposit. Alkalic system with potential for multi-million oz Au in a structurally controlled environment
• Phase 1 drill program: 6,524 meters, 15 holes
• Phase 2 drill program complete.
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(GZD: TSX-V)
Focused On Exploring For World Class Gold & Base Metal Deposits In British
Columbia & Diamonds & Industrial Minerals In Alberta
Sept 9, 2009 - Greenwood Gold Project With Rock Samples Yielding Up to 55.3 g/t (1.61 oz/t) Gold
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(HMI: TSX-V)
Ballarat property located approximately 15km to the south of the Golden Saddle zone in the Yukon, where Underworld Resources Inc. reported notable gold values in drill intersections: May 26, 2009 Underworld Intersects 104.0 meters of 3.4 g/t Au at Golden Saddle Zone, White Gold Property, Yukon Hinterland Metals Inc. is focused on precious metal exploration in the Yukon, Quebec, Ontario and Manitoba.
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(LMA: TSX)
La Mancha produces record quarterly gold production of 27,755 ounces at an average cash cost of US $484 per ounce, resulting in net earnings of $6.1 million.
La Mancha has strategically distributed production between Africa and Australia. The company has recently increased its resources to1.8 Million Ounces with an increased 2009 production target of 100,000 ounces.
Hassai Property Highlights:
- 1,006,000 ounces of gold (402,400 oz attributable to La Mancha)
- 297,000 tonnes of copper (118,800 tonnes attributable to La Mancha)
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(LAT: TSX-V)
The Company’s Paso Yobai property is an emerging gold camp located in eastern Paraguay
The Company has completed an extensive exploration program and has significantly enhanced the value of the property by diamond drilling returning up to 26.6 gpt gold over 6.5 metres and by outlining a possible mineral deposit containing between 3.5 and 9.0 million tonnes averaging between 4gpt and 7gpt gold; furthermore, management believes the entire Paso Yobai Gold Tend, which has been continuously traced along strike for 8 kilometres, could host a potential mineral deposit ranging between 3,500,000 and 7,000,000 tonnes of similar grade.
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(ND: TSX)
A junior gold producing resource company.
July 2009 Highlights
• Gold productionof 1,016 ounce
• Gold sales totaled US$1,037,000
Q3 Financial Highlights
• 2,931 ounces of gold produced
• US$3.67M Working Capital as of June 30, 2009
• US$2.87 million in revenue from the sale of 3,122 oz of gold
• US 2.5 cents per share income before non-cash items
NI 43-101 report of 959,900 oz of gold resource grading between 3.8 - 6.1 g/t, with inferred mineral resources of 347,600 ounces of gold grading 5.16 - 5.91 g/t.
Reserves and resources are based upon a 2.45 g/t cut-off and US$875/oz gold price at the Turk and Angelus Mines.
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(ONT: TSX)
THE BROOKBANK GOLD DEPOSIT
Largest NI 43-101 resource estimate in the Beardmore – Geraldton region of Northern Ontario
Indicated: 1.8 million tonnes grading 7.3 g/t gold containing 432,300 oz.
Inferred: 2.7 million tonnes grading 4.9 g/t gold containing 421,400 oz.
Known gold mineralization over strike length of 7 Km.
Large land package (688 claims); surrounded by Kodiak Resources and in proximity to Premier Gold / Roxmark’s Geraldton Project
Located in historical mining camp which has produced over 4 million oz gold
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(SGX: TSX-V)
Recent sampling results of 351.58 g Au/T over 1.28 metres at King Solomon's Pillars
Nine 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. The prolific Beardmore Geraldton Gold Belt has produced over four million ounces of gold at grades that are comparable to the Red Lake gold mining camp in north western Ontario.
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(SMH: TSX-V)
Black Banana Returns Assays Up to 281.7 g/t Au (8.2 oz/t)
Confirmed the presence of multiple high grade veins and widespread gold mineralized areas on its Black Banana Project in Guyana. The Black Banana Project consists of ten (10) medium scale prospecting licenses, covering approximately 10,000 acres. Shoreham also recently acquired a Five Star Gold property of approximately 13,000 acres near Matthew's Ridge in northwestern Guyana with reported grades ranging from trace to a high of 80.2 g/t Au.
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(QAU: TSX-V)
Five historic gold mines are located within the area, two of which were producing gold mines.
Q-Gold Resources Ltd. is mainly focused on exploring and reactivating the historic (1890's) Mine Centre Gold Camp in the Kenora Mining Division of Northwestern Ontario, where the Company holds over 32,000 acres of mining claims