Colorado Goldfields Inc. Announces Accelerated Exploration Plan for Brooklyn Mine; Historic Resource Grows to $21.8 Million in Value

May 10, 2011 By Leave a Comment

Colorado Goldfields Inc. announces an accelerated exploration plan for its Brooklyn Mine property.

Colorado Goldfields entered into a lease with an option to purchase the property in September 2009. At that time, the historic resource was valued at $13.8 million based on a gold pricing of $950 per ounce. With gold prices at approximately $1,500 per ounce as of May 6, 2011, the current value of just the historic resource is estimated to be $21.8 million.

Colorado Goldfields’ personnel have completed an extensive review of all available information concerning the exploration, past production, and the existing historic resource estimate (14,535 oz. gold at $1,400/oz., $20.4 million) of the project area, and have developed a specific and dynamic strategy for exploration — beginning with the Rainbow Trench. [Read more...]

Filed Under: Gold Mining

TVI Provides Siennalynn and Near-Mine Tenement Update and Welcomes New Head of Exploration

May 10, 2011 By Leave a Comment

TVI Pacific Inc. today provides an update on its Siennalynn exploration project; progress at other Near-Mine tenements; and welcomes a new Head of Exploration to its senior management team.

- TVI’s Philippine operating affiliate, TVI Resource Development (Phils.), Inc. (“TVIRD”), has concluded its Siennalynn prospect exploration program and, based on the results of the program as described below, has decided to terminate its involvement in the project;

- Progress has been made within the Greater Canatuan Tenement Area (“GCTA”) including EXPA 61; and [Read more...]

Filed Under: News

Batero Gold Completes 100% Acquisition of Two Historic Gold Mines on Batero-Quinchia Project

May 10, 2011 By Leave a Comment

Batero Gold Corp. is pleased to announce a strategic 100% acquisition of two historic, artisanal gold mines at its Batero-Quinchia project in Risaralda Department, Colombia. The transaction was an arm’s length cash only transaction.

“We are extremely pleased to acquire these two gold mines within what is developing to be a potentially high-grade corridor that we call the ‘Amarilla Structural Corridor,’ located within the Structural Knot target area” said company President and CEO, Brandon Rook. “The location of these mines within the ‘Amarilla Structural Corridor’ is directly adjacent to the east of what may also be a developing structural corridor containing the La Cumbre porphyry which continues to be delineated both to the north and south within the east and west structural controls defined to date.” [Read more...]

Filed Under: Gold Mining Tagged With: , ,

Expedition Begins Airborne Electromagnetic Survey on Joy and Mt. Mervyn Properties in Rackla Gold Belt

May 10, 2011 By Leave a Comment

Expedition Mining Inc. -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Expedition Mining Inc. (the “Company”) is pleased to announce that it has begun an airborne time-domain electromagnetic survey over the Joy and Mt. Mervyn properties. Both the Joy and the Mt. Mervyn properties, consisting of 128 and 314 claims respectively, are located in the Rackla Gold Belt. This newly discovered gold district hosts ATAC Resources’ Rau property which contains drill-confirmed “Carlin-type” gold mineralization. [Read more...]

Filed Under: News

Laurentian Goldfields Ltd. Stakes Rossing-Type Uranium Target in Saskatchewan

May 10, 2011 By Leave a Comment

Laurentian Goldfields Ltd. is pleased to announce that it has staked approximately 130,600 ha of mineral claims over an intrusive complex in northern Saskatchewan that is prospective for “Rossing-type” uranium mineralization. The claims, collectively known as the Hickson property, comprise 31 contiguous blocks with the southern edge located approximately 45 km north of La Ronge, Saskatchewan.

Laurentian identified this target when gold-generative work in 2009 revealed an extensive uranium anomaly in regional lake sediment and till data that was spatially associated with the Hickson Lake pluton. A total of 120 rock samples, which returned values ranging up to 120 ppm uranium, were collected from peak anomalous areas in a follow up, helicopter-supported reconnaissance exploration program completed in the fall of 2009. [Read more...]

Filed Under: Uranum Mining Tagged With: ,

Bolero Welcomes Greg Lipton to Its Board of Directors

May 10, 2011 By Leave a Comment

Bolero Resources Corp. is pleased to announce that Greg Lipton has joined the Company’s board of directors to provide geological expertise throughout the upcoming 2011 work and drilling programs. Greg Lipton is a registered Professional Geoscientist with the Association of Professional Geoscientists of Ontario (APGO), and a long time member of the Prospectors and Developers Association of Canada (PDAC). Greg is also the current President and CEO of Metallum Resources Inc., which trades on the Toronto Venture Exchange. [Read more...]

Filed Under: News

Precious Metals Adjust Ahead of Inflation Concerns — Industry Report Featuring Hecla Mining and Coeur d’Alene Mines Corporation

May 10, 2011 By Leave a Comment

www.WorldStreetFundamentals.com released its industry report highlighting Hecla Mining Company and Coeur d’Alene Mines Corporation. Current state of affairs, monetary policy, and worries of inflation are stimulating investor interest in companies backed by precious and industrial metals. Full fundamental and technical analysis is available at www.WorldStreetFundamentals.com/Reports.php.

Recently, the U.S. Federal Reserve has enacted quantitative easing totaling $2.3 trillion, from $1.7 trillion of Treasuries and mortgage-backed bonds, to its recent $600 billion purchases of intermediate and long-term Treasuries. The Fed is learning from Japan’s 1990 mistake of not offering stimulus for long enough. Lead economists are anticipating higher inflation as the most significant outcome from this policy. As a result, assets backed by precious metals in with strong fundamentals are starting to gain momentum. [Read more...]

Filed Under: Precious Metal
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