Meadow Bay Gold Corporation (TSX:MAY, OTCQX:MAYGF) announced its first assays from drilling at its Atlanta Gold Mine Project in Nevada.
Articles Tagged "gold assays"
Merrex Gold Inc. (TSXV:MXI) reported results of the termite mound gold geochem sampling program at the Siribaya Gold Project located in West Mali.
Soltoro Ltd. (TSXV:SOL) announced positive gold assay results from ongoing mapping and sampling on its Mexican Tecolote Project.
Riverstone Resources Inc. (TSXV:RVS,OTCQX:RVREF,FWB:3RV) announced drilling results from its Karma Project in Burkina Faso and the extension of the project's gold deposits.
Timberline Resources Corporation (TSXV:TBR,AMEX:TLR) announced significant assay drill results from its ongoing 30,000-foot drill program at the Lookout Mountain project near Eureka, Nevada.
Premium Exploration Inc. (CVE:PEM) reports acquiring highly prospective patented gold mining claims along the Idaho gold project; a re-emerging gold district in Idaho, USA.
After preliminary exploration has been completed, the next step in the life cycle of a gold mine is resource definition. At the end of this process, a feasibility study is published, and the ore deposit may be either deemed uneconomic or economic.
Once an exploration company has been awarded the proper permits for a parcel of land they are interested in prospecting, the work begins. After “staking the claim” the next phase is the life cycle of a mine is the exploration phase, which is also the longest and riskiest phase.
Soldi Ventures Inc. (CVE:SOV) reports that it has received final assay results from its winter diamond drilling program on its Rainy River and Cameron Lake area claims, Ontario.
Assay results are instrumental in estimating approximate grade and tonnage reserve estimates. Not only are grades what investors are most likely to respond to- they play an instrumental role in the behind the scenes financial analyses of a mining project.