Angkor Gold Corp.(TSXV:ANK) announced new results taken from survey samples of 107 catchments on the Trapean Kraham Property, Banlung, China. Angkor Gold hold the Trapean Kraham property under the terms of a MoU with the MIME since January 2011.
Avino Silver & Gold Mines Ltd.(TSXV:ASM) announced positive results from their drill program at the San Gonzalo zone, Mexico.The results reported drilling of 2.05m of 6.21 g/t Gold and 996 g/t Silver. Mine development at the San Gonzalo zone is ongoing.
Colossus Minerals Inc.(TSX:CSI) announced its new 2012 exploration program. The Company’s board of directors approved a surface exploration budget of USD$10.1 million and USD$1.7million for underground exploration. The 2012 program will focus on new regional targets at the Serra Pelada and Cutia properties.
Calico Resources Corp.(TSXV:CKB) reported that Resource Development Incorporated completed its review of historic metallurgical studies carried out on Grassy Mountain. Calico is currently reviewing additional test work for the project.
Pan American Goldfields Ltd.(OTCQB:MXOM) announced that it expects the Preliminary Economic Assessment on its Cieneguita project to be completed during Q2 2012. The Company also reported that hydrogeological, geotechnical and environmental baseline studies are all currently underway at the project.
Cream Minerals Ltd.(TSXV:CMA) reported drill results for two holes on the Once Bocas South zone. The zone is a new area of silver and gold mineralization and is not included in the Company’s current NI 43-101 Inferred Mineral Resource. The drill program delivered unexpected results in identifying eight quartz zones with gold and silver values.
Grizzly Discoveries Inc.(TSXV:GZD) announced the latest assay results from its 2011 exploration project at its Greenwood Gold Project, BC. The results reported a new gold-silver zone in the Motherlode area of the project. The Company received drill results from 6 holes which revealed a new gold discovery. Grizzly plan to follow up the latest discovery with further drilling planned to commence at the end of January 2012.
Ansell Capital Corp.(TSXV:ACP) reported receiving final assay results from the Charlotte gold project 2011 drill program.
Colossus Minerals Inc.(TSX:CSI) announced the acquisition of the Cutia Property in the State of Pará, Brazil.The first payment for the acquisition of USD $0.2 million was made in December 2011.
Timberline Resources Corporation(TSXV:TBR) reported initial mine plan and permitting updates for the Butte Highlands project. The Joint Venture Gold project in southwestern Montana received final assay results from its 2011 drill program.