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Lavras finally showing some buys and movement.
Stock moved from Can $0.90 to $1.20.
Lots of insider buying.
Results expected really soon.
Better be good otherwise drop back to $0.90 Can.
Also check out Lavras gold LGCFF.
Excellent management. Really good property.
Just made blind discovery in their Brazil property.
Just closed $13 million PP WITHOUT warrants.
Eric Sprott, Kinross, and Robert McEwen all took part in this pp at $1.35 CAN.
Chart looks amazing. Low market cap without only 50 million shares outstanding after this PP.
Expect news soon regarding update in their drilling.
Good luck.
Looking at KLDGF this week- tiny market cap, capable staff, efficient operation. Just announced new gold discovery.
https://kalogoldcorp.com/2023/09/27/kalo-discovers-new-epithermal-gold-and-copper-mineralization-at-vatu-aurum-gold-project-fiji/
B2Gold President Clive Johnson on $160M acquisition of Auryx Gold
B2Gold Corp TSX:BTO announced that it has signed an agreement to acquire Auryx Gold Corp TSX:AYX at a purchase price of approximately
.88 per share of Auryx for a total equity value of $160 million. The merged companies will hold a 92% interest in Otjikoto gold project in Namibia as well as a 100% interest in two other Namibia projects.
B2Gold President/CEO Clive Johnson tells ResourceClips.com, “This is a friendly-merger deal—a plan of arrangement to combine the two companies. It’s valued at around $160 million in B2 shares. We’ve been aware of the Otjikoto project for a couple of years, and we thought it looked interesting. Our acquisition policy is to look for projects where we can come in and help a good technical group—which Auryx has—and bring our financial strength to bear on the project as well as our own exploration, mine-building and production experience. So we’ll be working with Auryx, and they’ll end up getting B2Gold shares.
Read and discuss the rest of this interview: http://bit.ly/qPnRnz
100% Confidence
Heatherdale’s Takeover Boosts Alaska’s Niblack
By Greg Klein
Prevailing market moods notwithstanding, a surge of optimism greeted the Heatherdale Resources Ltd TSXV:HTR bid to take over Niblack Mineral Development Inc TSXV:NIB. The October 5 joint announcement raised Niblack’s shares to a high of $0.23 before closing at $0.22, a 37% increase over the previous day’s closing price of $0.16. But—unusually for the acquisitive company Heatherdale did even better, closed at $0.54, 74% above the previous day.
Read and discuss the rest of this article: http://bit.ly/mZllpO
Cedar Mountain President Charles Chebry on Alaska gold assays including 1.04 g/t over 26.8m
Cedar Mountain Exploration Inc TSXV:CED announced results from its Kelly Creek project on the Seward Peninsula, Alaska. Assays include:
.71 g/t gold over 12 metres
0.74 g/t over 21.7 metres (including 1.08 g/t over 7.2 metres)
1.28 g/t over 3 metres
1.04 g/t over 26.8 metres (including 2.07 g/t over 10.1 metres)
0.88 g/t over 16.5 metres (including 1.34 g/t over 7.5 metres)
1.31 g/t over 6.1 metres
President/CEO Charles Chebry tells ResourceClips.com, “The Kelly Creek project is an unglaciated environment, and we’ve found that soil-geochem work is very effective in identifying areas that are prospective for gold. We have several very large gold-in-soil footprints there. We were able to drill five different targets this year, and some of those targets had multiple zones. We’ve drilled a total of 4,800 metres—45 very shallow holes. Today’s release was centred on the first area, itself called Kelly Creek, which had two zones. For the first pass, I think those are pretty encouraging results.
Read the rest of the interview: http://bit.ly/peRSjr.
PCFG ready to go ~ play to WIN
GOE signs a 'Memorandum of Understanding' for Tellurium at Deerhorn-
--
http://www.goldenodysseymining.com/s/NewsReleases.asp?ReportID=390979&_Type=News-Releases&_Title=Golden-Odyssey-signs-Tellurium-Memorandum-of-Understanding
TML.T might start breaking out soon it looks like--- hit year high 2 days ago-
I am long-
MLG.to NEWS OUT !!!!Malaga to recycle Pasto Bueno tailings
2010-02-03 09:02 ET - News Release
Mr. Jean Martineau reports
MALAGA INC. TO RECEIVE US$ 2.5 MILLION FROM RECYCLING COPPER-SILVER RICH MINE TAILINGS FROM PASTO BUENO
Malaga Inc. has found a technique to recycle the copper/silver-rich mine tailings produced at its Pasto Bueno mine as a byproduct during processing of tungsten ore. During the next six months, more than 5,000 tonnes of this tailing will be recycled generating more than $2.5-million (U.S.).
During 2009, Malaga invested in a small pilot plant in order study the feasibility of concentrating the mine tailings produced at Pasto Bueno. The goal was to produce a saleable tailing concentrate. After solving several problems, the company succeeded in producing a tailing-concentrate-enriched copper and silver, and low enough in impurities to allow commercial extraction of the copper and silver content.
Malaga has now signed an agreement with a Peruvian company to process the enriched tailings and expects to receive more than $2.5-million (U.S.) during the next six months. After disposing of the mine tailings that accumulated during its first three years of operations, Malaga expects to produce 300 to 400 tonnes of tailing concentrates per month. This amount will increase during 2010 as Malaga increases its rate of production producing a steady additional cash flow from recycling.
Malaga president and chief executive officer, Jean Martineau, commented: "We are pleased to have found a technical novel solution for the recycling of our mine tailings that initially appeared to be very difficult to recycle. Thanks to our in house metallurgical engineers, Malaga is able to increase its operational cash flow and act in an environmentally responsible manner."
Tungsten outlook for 2010
Pierre Monet, Malaga's chief financial officer also commented on the tungsten market at the beginning of 2010: "We are delighted to see that the price of tungsten, as we expected, has increased both inside China and on the world market. Indeed, since the 15th of January 2010, the price of APT (ammonium paratungstate) has increased three times (in two $5 steps and one $2 step) from $185 (U.S.) to reach $197 (U.S.) per MTU. We expect that this tendency will continue, although more gradually, throughout 2010 and that Malaga as its production increases at Pasto Bueno will be in a much stronger position as the leading producer of tungsten ore in the Americas."
Golden Odyssey drills four m of 5.2 g/t Au at Deer Horn
2010-01-14 10:42 ET - News Release
MR. Tyrone Docherty reports
GOLDEN ODYSSEY INTERSECTS ADDITIONAL HIGH GRADE GOLD-SILVER-TELLURIUM AT DEER HORN
Golden Odyssey Mining Inc. has released assay results from the remaining 21 holes of a 35-hole, 1706-metre diamond drilling program on its Deer Horn property, located 36 kilometres south of the Huckleberry mine in west-central British Columbia.
Eighteen of the 21 holes (DH09-076 through DH09-093) were drilled immediately west of the Deer Horn adit. They were collared in closely spaced fashion on north-south sections spaced between 10 and 25 metres apart. The holes intersected the Main vein, and locally, multiple subsidiary hanging wall and footwall veins, and/or stockwork zones at shallow depths. Data from these holes, together with data recently released for holes drilled nearby (see Stockwatch news release dated Jan. 12, 2010) provided a detailed account of the Main vein over a strike length of more than 130 metres. Several of the holes also extended into the Contact zone.
Assay highlights from the 21 holes are presented and significant results are listed on the company's website. As previously mentioned, mineralization is also highly anomalous in tellurium, which has a positive correlation with both silver and gold. The highest precious metal grades are typically accompanied by significant concentrations of copper, lead and zinc.
Holes DH09-076 and DH09-077 were drilled on Section 613700E. Assay highlights include:
6.78 grams per tonne Au, 390.2 g/t Ag and 229 g/t Te over 1.16 m;
7.39 g/t Au, 339.8 g/t Ag and 251 g/t Te over 3.26 m, including 10.75 g/t Au, 469.5 g/t Ag and 369 g/t Te over 2.10 m.
Holes DH09-078 and DH09-079 were drilled on Section 613720E. Assay highlights include:
3.69 g/t Au, 169.2 g/t Ag and 133 g/t Te over 3.50 m, including 7.39 g/t Au, 347.0 g/t Ag and 275 g/t Te over 1.5 m
5.26 g/t Au, 301.9 g/t Ag and 188 g/t Te over four m, including 7.29 g/t Au, 427.6 g/t Ag and 266 g/t Te over two m.
Holes DH09-080 and DH09-081 (Section 613740E), DH09-084 to DH09-086 (Section 613750E), and DH09-082 and DH09-083 (Section 613765E) successfully intersected the Main vein, and several subsidiary hangingwall and footwall veins. The veins intersected in these holes were typically narrow and returned low to modest gold, silver and tellurium values, but with locally impressive base metal values. The presence of appreciable base metals is consistent with the other precious metal-enriched sections of the vein system. Results are regarded to be encouraging.
DH09-087 to DH09-089 were drilled on Section 613790E. Assay highlights include:
11.46 g/t Au, 298.2 g/t Ag and 203 g/t Te over 2.50 m, including 40.40 g/t Au, 979.3 g/t Ag and 671 g/t Te over 0.30 m in DH09-088;
7.52 g/t Au, 287.6 g/t Ag and 461 g/t Te over 0.66 m in DH09-089.
DH09-090 to DH09-093 were drilled on Section 613805E. Assay highlights include:
4.27 g/t Au, 133.2 g/t Ag and 51 g/t Te over 3.77 m, including 9.48 g/t Au, 277.8 g/t Ag and 185 g/t Te over 0.95 m in DH09-090;
12.17 g/t Au, 441.4 g/t Ag and 292 g/t Te over 2.26 m, including 29.90 g/t Au, 1014.1 g/t Ag and 737 g/t Te over 0.70 m in DH09-092;
6.15 g/t Au, 286.5 g/t Ag and 160 g/t Te over 1.75 m in DH09-093.
The final three holes of the program (DH09-094 through DH09-096) were drilled immediately east of the Deer Horn adit. DH09-095 was drilled "off-section" on an azimuth of 270 degrees to intercept the north-trending (Main) vein, upon which the Deer Horn portal was collared. The vein was channel sampled at the portal and returned an assay of 17.90 g/t Au, 500.1 g/t Ag and 305 g/t Te over 2.8 m (sample DH09-048). DH09-094 and DH09-096 were drilled from the same collar location as DH09-095, but "on section" (section 613910E). They were drilled to intersect the downdip projection of the Main vein and quartz-sulphide veins in its footwall. Drilling encountered several veins with zones of clay gouge, shattered wallrock vein-indicating faulting and perhaps some structural loss of vein material. One narrow intersection returned exceptional silver and tellurium values, and may represent a new discovery. Assay highlights include:
8.80 g/t Au, 129.4 g/t Ag and 112 g/t Te over 0.50 m in DH09-094;
7.35 g/t Au, 129.2 g/t Ag and 160 g/t Te over 2.71 m, including 17.96 g/t Au, 272.3 g/t Ag and 363 g/t Te over 0.74 m in DH09-095. Deeper in the same hole, 19.00 g/t Au, 486.0 g/t Ag and 491 g/t Te over 0.6 m;
2.10 g/t Au, 264.3 g/t Ag and 330 g/t Te over 2.04 m, including 10.01 g/t Au, 1963.9 g/t Ag and 2471 g/t Te over 0.25 m in DH09-096.
The 2009 program was conducted to confirm, validate and expand upon the results from previous exploration efforts on the property. This early work included extensive surface trenching, more than 500 m of underground development and more than 10,000 m of surface diamond drilling. It delineated the veins for approximately 700 m along the east-west strike and traced the mineralized system for approximately 1.5 kilometres. Prior to 2009, the most recent exploration was conducted in 1989 to 1990, by Golden Knight Resources Inc.
There is no NI43-101-compliant resource for the Deer Horn property. However, an historic unclassified tonnage and grade estimate, for the Main vein and Contact zone combined, totals 249,000 tonnes grading 10.1 g/t gold and 294 g/t silver.
The 2009 diamond drilling program took place over a 320-metre strike length of the vein system. Results from the 2009 drilling program are being compiled with historical data. Modelling of the Deer Horn deposit has begun in earnest. Based on the results of the 2009 drilling program, a more robust drilling program is being formulated for the 2010 field season. Well-mineralized veins, sampled during the program, crop out to the west and well to the east of the area drilled. They provide alluring targets for future drilling campaigns.
Bob Lane, PGeo, is the qualified person for Golden Odyssey, as specified in National Instrument 43-101 for technical disclosure, and is the person responsible for preparation of the technical information contained in this news release.
Tyrone Docherty, president and chief executive officer, stated: "Golden Odyssey is extremely encouraged by the 2009 drill results at Deer Horn. These results, coupled with equally encouraging to locally exceptional grades encountered in surface sampling, provide the impetus necessary for us to continue along an aggressive exploration and development schedule."
We seek Safe Harbor.
Thanks for the info-
I m from Peru . Dorato has the Biggest Gold announce in my Country last 10 years. Beartl Ex Antamina President the biggest Mine in Southamerica move quickly to Dorato Board.
Thanks for the heads-up
ARR.V taking off today also-
They have a suite of properties in Mexico which they are joint venturing to others-
DRI.v Dorato GOLD GOLD GOLD of the Incas.
http://www.doratoresources.com/s/Home.asp
U.S. Global Investors World Precious Minerals Fund is run by Frank Holmes-
Lucky to have him onboard as an invesor-
-I read his articles on Kitco fairly regularly-
http://www.usfunds.com/our-fun...../overview/
GOE followers-
-Check out the mutual funds holding GOE- U.S. Global Investors is one of the biggest in the biz-
They own 5%
--------------------------------------------------------
US GLOBAL INVESTORS - WORLD PRECIOUS MINERALS FUND 2,656,500 5.07 % 20090930 2,656,500
MARATHON CAPITAL MANAGEMENT ^^ 1,575,000 3.00 % 20090930 0
PERRITT CAPITAL MANAGEMENT INC ^^ 1,005,000 1.92 % 20090930 0
PERRITT EMERGING OPPORTUNITIES FUND 1,005,000 1.92 % 20090131 0
MAVRIX EXPLORE 2008 - IIFT LP 1,000,000 1.91 % 20090630 0
MAVRIX EXPLORE 2009 - IFT LP 500,000 0.95 % 20090630 new
SHORT POSITIONS 0 0.00 % 20090315 -42,000
GOE followers-
-Check out the mutual funds holding GOE- U.S. Global Investors is one of the biggest in the biz-
They own 5%
--------------------------------------------------------
US GLOBAL INVESTORS - WORLD PRECIOUS MINERALS FUND 2,656,500 5.07 % 20090930 2,656,500
MARATHON CAPITAL MANAGEMENT ^^ 1,575,000 3.00 % 20090930 0
PERRITT CAPITAL MANAGEMENT INC ^^ 1,005,000 1.92 % 20090930 0
PERRITT EMERGING OPPORTUNITIES FUND 1,005,000 1.92 % 20090131 0
MAVRIX EXPLORE 2008 - IIFT LP 1,000,000 1.91 % 20090630 0
MAVRIX EXPLORE 2009 - IFT LP 500,000 0.95 % 20090630 new
SHORT POSITIONS 0 0.00 % 20090315 -42,000
GOE.V- 160,000 shares on the bid at .15 cents---
CEO has been buying and they have 27 holes to release from their Deerhorn property-
I am long----
Golden Odyssey drills 3.2 m of 9,109 ppm Zn at Peggy
2009-12-22 15:30 ET - News Release
Mr. Tyrone Docherty reports
GOLDEN ODYSSEY REPORTS DOME SOUTH DRILLING
Golden Odyssey Mining Inc. is presently receiving and compiling the information from the fall work program at its advanced exploration gold, silver, copper and tellurium Deer Horn property located near Smithers, B.C. Results are expected to be available early in the new year.
The summer work program results are now available from a 2009 diamond drilling program at the company's Dome South property, located in west-central British Columbia.
The intent of the 2009 diamond drilling program at Dome South was to evaluate two widely spaced geophysical anomalies that had been identified by a 2008 3-D induced polarization (3DIP) and ground magnetic survey, and to test the third dimension of the Peggy structure, a prospective silver and base-metal-bearing zone discovered and trenched in 2007 by previous operators. Nine holes were drilled with a total length of 1,110.7 metres. Six holes targeted the Peggy structure, two holes tested a pronounced chargeability anomaly and one hole was drilled into a magnetic-high anomaly.
Drill holes DS09-01 and DS09-04 through DS09-08 intersected the Peggy structure over a strike length of approximately 50 metres. The structure strikes to the north and dips steeply eastward. Trenching and surface channel sampling of the Peggy structure returned results up to 73.9 parts per million silver and 7,226 parts per million copper over up to 2.27 metres and traced the zone for more than 125 metres along strike. Each drill hole intersected mineralization, consisting of quartz stringers containing traces to less than 1 per cent tetrahedrite, chalcopyrite, sphalerite, galena and pyrite, hosted primarily in silicified limy sediments. Assay results confirmed only low concentrations of silver and base metals, but further evaluation of the mineralized structure along strike is warranted.
Drill holes DS09-02 and -03 were collared 395 metres south of the Peggy trench and tested a prominent, northwest-trending 3DIP chargeability-high, resistivity-low anomaly. The two holes intersected intermediate flows above a sequence of intercalated graphitic argillite, siltstone and volcanic ash. The sedimentary lithologies intersected in drilling appear to be an explanation for the chargeability anomaly, however the altered and mineralized volcanics intersected above the sedimentary package is regarded to be positive.
Drill hole DS09-09 was collared approximately one kilometre northeast of the Peggy trench and evaluated a modest magnetic-high anomaly. It encountered intensely propylitic-altered (chlorite-epidote-calcite-pyrite) intermediate volcanic rocks which may indicate proximity to a mineralized hydrothermal system. Core was not sampled, but will be relogged and sampled during the winter.
DOME SOUTH RESULTS
From To Interval Ag Cu Pb Zn
Hole ID (m) (m) (m) (ppm) (ppm) (ppm) (ppm) Zone
DS09-01 82.00 83.00 1.00 13.8 1050 216 1535 Peggy
DS09-02 25.26 28.00 2.74 4.2 1294 3DIP
DS09-04 26.08 32.4 6.33 1.6 141 422 1639 Peggy
Including 30.41 32.4 2.00 3.0 363 304 1106 Peggy
DS09-06 59.74 62.1 2.33 12.2 814 105 415 Peggy
DS09-07 33.90 40.6 6.72 1.7 106 691 3424 Peggy
DS09-08 79.49 82.8 3.29 2.2 140 2126 9109 Peggy
Fieldwork was carried out under the supervision of Bob Lane, PGeo, a qualified person for the purposes of National Instrument 43-101, who has verified the data disclosed in this news release.
About the Dome South property
The Dome South property consists of 31 claims that cover 14,078 hectares of prospective Jurassic Hazelton group stratigraphy and Cretaceous Kasalka group, that in part comprises the mineralogically well-endowed Stikine terrane of northwestern British Columbia. The Dome South property is centred approximately 45 kilometres east of the town of Smithers and adjoins the former-producing Dome Mountain gold mine. The Dome Mountain gold mine operated from 1991 to 1992 producing 11,621 ounces of gold and 4,404 ounces of silver from the processing of 30,280 tonnes of ore. It is currently being assessed by Eagle Peak Resources for possible reopening.
The 2008 geophysical surveys and 2009 trenching and drilling programs took place in the northwest corner of the property and the remaining 90 per cent of the property has received little recorded exploration. While drilling did not encounter ore-grade mineralization, the company still regards the property to have significant potential.
We seek Safe Harbor.
Agree- the Toodoggone region in B.C. is getting hot - that is where GOE has their Deerhorn property with 11 meters of 14 gms/ton au---
another one to watch VNARF. This CEO is the real thing. Peruvian gold sounds like a winner to me!!
NBRI holds around 60,000 acres throughout British Columbia, Canada. Just listening last night to a show on NPR about how hot that area is for mining right now.
As of December 03, 2009, North Bay Resources Inc.(NBRI.pk) owns over 150 mineral and placer claims encompassing approximately 60,000 acres throughout British Columbia, Canada.
http://www.northbayresources.com/propndx.html
Should be taking off soon I hope- lots of holes to release still from their Deerhorn property- 27 more I believe-
-----------------------------
Golden Odyssey closes $563,494 financing
2009-11-27 16:58 ET - News Release
Mr. Tyrone Docherty reports
GOLDEN ODYSSEY CLOSES FINANCING
Golden Odyssey Mining Inc. has closed a non-brokered private placement consisting of a combination of flow-through and non-flow-through units totalling 3,713,028 common shares, resulting in aggregate proceeds of $563,494.
The original news release in Stockwatch dated Nov. 16, 2009, announced that Golden Odyssey was to raise $400,000 in combination of flow-through units consisting of one common share at 18 cents and non-flow-through units consisting of one common share at 14 cents, and one full warrant entitling the holder to purchase one common share at an exercise price of 17 cents for a period of two years from the date of issuance.
Proceeds are to be used for exploration on the Deerhorn property and for general working capital.
A finder's fee of $1,960 will be payable to certain introducing parties in respect of the private placement, subject to compliance with applicable securities legislation and TSX Venture Exchange policies. This private placement is subject to the final approval of the TSX Venture Exchange.
We seek Safe Harbor.
Wow NBRI has enough properties - 150 or so?
GOE hits gold!
------
Golden Odyssey drills 11 m of 14.36 g/t Au at Deer Horn
2009-11-19 10:42 ET - News Release
Mr. Tyrone Docherty reports
FALL DRILLING CAMPAIGN AT DEER HORN HIGH-GRADE GOLD-SILVER PROPERTY NOW COMPLETE
Golden Odyssey Mining Inc. has completed a 35-hole, 1,700-metre diamond drilling campaign at its recently optioned Deer Horn property located in west-central British Columbia.
The diamond drilling program, which wrapped up on Nov. 4, successfully achieved two goals. The first achievement was the twinning of several important drill holes (hole 90-57 which intersected 11.2 metres averaging 14.36 grams per tonne gold and 781.5 g/t silver, including a three-metre interval that graded 37.73 g/t Au and 2,065 g/t Ag) in order to validate historical results. The second achievement was the systematic evaluation of a 150-metre segment of the Main vein west of the Deer Horn adit via closely spaced definition drilling. The latter area is being considered as a target for a bulk sampling program in 2010.
A total of 27 drill holes intersected Main vein mineralization. Six drill holes intersected Contact zone mineralization and two holes targeted a north-trending vein exposed at the Deer Horn portal.
A total of 660 core samples were collected and delivered to IPL Inspectorate Laboratories in Richmond, B.C., for geochemical analysis and assaying. Industry standard QA/QC practices for inserting geochemical blanks and standards, and sample duplicates into the sample stream were utilized during sampling of the core. Additional work completed during the exploration program included:
Rehabilitation of an eight-kilometre access road that connects the centre of the property to a barge landing on the southwest end of Whitesail Lake;
Construction of a temporary camp in the alpine near the Deer Horn adit;
A property-wide LiDAR survey that will provide critical and accurate location information in support of future planning and development;
Fifteen line-kilometres of detailed magnetometer and three-dimensional induced polarization surveying over the core area of interest;
Collection of an additional 20 surface channel samples of exposed vein mineralization within the proposed bulk sample area;
Collection of initial baseline assessment data.
A bulk sample permit application will be prepared and submitted to the Ministry of Energy Mines and Petroleum Resources, Smithers office, as soon as possible.
Bob Lane, PGeo, is the qualified person who supervised the diamond drilling program and is responsible for the preparation of the contents of this news release under National Instrument 43-101.
We seek Safe Harbor.
ARR volume pretty good and price is hanging in there-
I like it! Gold silver properties in Mexico-
-
GOE drilling is going well at their Deerhorn property in British Columbia-
------------------
Golden Odyssey continues drilling, surveys at Deerhorn
2009-10-22 09:58 ET - News Release
Mr. Tyrone Docherty reports
DEERHORN UPDATE
Golden Odyssey Mining Inc. is providing an update on the exploration program at its Deerhorn property located near Smithers, B.C.
The drilling program was established to duplicate the previous results obtained by Teck Corp. in 1992, and to bring its non-National Instrument 43-101-compliant resource into a current NI 43-101-compliant resource. To date, 12 holes have been drilled, for a total of 705 metres. The drilling has been successful in further defining better zones of mineralization within the main vein. Additionally, several mineralized quartz vein intercepts have been encountered in both the hangingwall and footwall of the main vein. These intercepts on less explored veins may add further potential to the Deerhorn property.
The company believes that Deerhorn has the potential to advance rapidly to the next stage of developments such as bulk-tonnage sampling and production decisions. As a result, several surveys are being conducted on the Deerhorn property in anticipation of permitting requirements.
A baseline water-sampling study using six monitoring station sites has been set up, and the initial round of water samples has been sent in for analysis.
A LIDAR survey has been completed on the Deerhorn property. This survey allows the company to have full structural control over the contours and elevations of the gold-silver-tellurium zone, the tungsten zone and the molybdenum zone to within 0.3-metre accuracy. This survey will become the foundation of the company's permitting requirements as it advances toward a 10,000-tonne sample permit and an anticipated Section 10 mining permit.
In addition to the LIDAR survey, the company is implementing a magnetometer survey, a MaxMin survey and a 3-D induced polarization survey. The company anticipates that the exploration program will be completed at the end of October.
Bob Lane, PGeo, is the qualified person for the Deerhorn project.
We seek Safe Harbor.
ARR.V getting some good volume today-
only around .05 cents - I think they are a silver company more than gold- in Mexico-
AQI looks like it will get taken over by Pan American-
-Huge silver deposit in Argentina-
TML.T facts- 1 million ounces of gold estimated-
(From the August 12th press release)
"The Thunder Lake Gold Deposit (“TLGD”) contains more than 1.0 million estimated ounces of gold, comprised of 113,000 indicated ounces and 890,000 inferred ounces, using a cut-off grade of 2.0 g/t Au (see NI 43-101
report –
“Report on the Goliath Project, Kenora Mining Division, Northwestern Ontario, Canada” dated December 19, 2008 – filed on SEDAR).
Drilling of the TLGD has intersected the Main Zone over a strike length
of 1,700 metres and a thickness of 0.5 to 30 metres (average width of 7.6 metres). "
TML.T trading around .33 cents-
Well bid I don't think it will go back below .30 cents anymore with this extremely hot gold market and all the ounces they have at Goliath-
They have about 1 million ounces drilled out already I believe-
ABA has moved up to .24 cents as well-
Waiting for GOE.V to move with the juniors-
I am long all three companies-
Gold shines for investors
by By Ben Rooney, CNNMoney.com staff reporter
Friday, October 9, 2009
Gold prices have gained luster as of late and many expect it to keep shining as investors look to hedge themselves against the threat of inflation and a weak U.S. dollar.
The price of gold surged $44, or 4%, this week to settle Friday at $1,048.60 an ounce, just shy of its all-time high of $1,056.30 an ounce set the previous day.
Gold has been on a tear since prices rose firmly above $1,000 an ounce last month. But the precious metal is in the midst of a decade-long bull market, climbing from an average price of less than $300 an ounce in 2000.
Given the current momentum, many analysts expect gold to keep pushing higher.
"We continue to believe that gold fundamentals are attractive and forecast prices to average $1,150 per ounce in 2010," analysts at Deutsche Bank wrote in a research report.
But not everyone is buying the golden bull scenario. "It's not based on fundamentals" said Tu Packard, senior economist at Moody's Economy.com. "As we've seen with bubbles in the last few years, you have the expectation that gold prices will go higher, so people pile in and prices go higher," she said. "The danger is that you overshoot."
Shining in 2009
Investors flocked to gold in February and March, driving the price above $1,000 an ounce, as stocks plummeted on worries about the government's ability to pull the nation out of a deep recession. By April, prices were back below $800 an ounce as the economic outlook improved and stocks recovered.
This time around, investors are buying gold because they think the government will not be able to reverse its stimulus measures in time to prevent a bout of inflation as the economy recovers.
But the market's preoccupation with inflation is largely speculative and policymakers are well equipped to deal with that problem if it does arise, Packard said.
"It's easier to take the wind out of inflation than to solve deflation," she said. "Right now the problem is deflation."
In addition to concerns about rising consumer prices, gold is being supported by bets the dollar will continue to deteriorate. So far this year, the greenback is down about 7% against a basket of currencies.
The dollar's decline comes as investors flock to higher yielding currencies in response to better economic news. The dollar slumped to a 14-month low earlier this week after the Royal Bank of Australia became the first G-20 country to hike interest rates.
But the gold market may have overestimated the dollar's weakness. According to Packard, the value of the trade-weighted dollar is where it was two years ago.
What's more, the softer dollar could be a boon for U.S. manufacturers who sell goods overseas. "A weaker dollar certainly gives American exporters a competitive advantage," she said.
Also owns some ABA.V and GOE.V among others-
NWM.V is going to be another good one I think- one of thee days anyways!
Have you been following Houston Lake for long?
Why will they appreciate in price now? Are they hiring somr I.R.?
Thanks in advance-
Oh, yes they will. And there will be alot of hype put out by scammers claiming some shell suddenly has some worthy gold claims.
That is what I like about HLM, you can call them an advanced junior, they've already spent millions on properties, next move I think we see is taking out of ground, moving them from junior to actual miner.
Thanks! Will check it out for sure---junior golds are going to be all the rage shortly I think-
Let me start you off. (HLM TSX:V) (HLKMF PINK)Houston Lake Mining
Board
http://investorshub.advfn.com/boards/board.aspx?board_id=322
Anyday they are going to release updates NI Report. Alot of new drilling done last winter and this spring on their property. Settting up to be HUGE NI report.
This is no "all of the sudden we got gold type" being drilling for years and outlining a very large near surface gold deposit they are determined to set up an on site mill for.
Pinnacle Digests report on them.
http://www.pinnacledigest.com/articles/vol.-120-houston-lake-mining-our-featured-gold-company-2009