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.
NovaGold Resources Inc. reports that it has begun production and received authorizations at its Rock Creek gold mine, Alaska. State regulators have approved the start of production, allowing NovaGold to begin fully processing ore and depositing inert tailings material into the Tailings Storage Facility. As part of the start up process under the regulatory authorization from the State of [...]
Gold Fields Limited reports its resources of 251 million ounces and reserves of 83 million ounces as at 30 June 2008. The gold prices used to calculate Resources represent upside potential of US$ 23%, AUS$ 23% and ZAR 20% above the reserve prices which is more aligned with recent spot prices, and reflect the very significant upside potential in [...]
Banro Corporation reports results from it’s pre-feasibility, infill core drilling program at the Namoya project on the Twangiza-Namoya gold belt in Congo. The current drilling program is part of the pre-feasibility study being undertaken at Namoya with the objective of upgrading Inferred Mineral Resources into the Measured and Indicated categories, so that open pit ore reserves can be determined [...]
Gemini Explorations, Inc. reports that test results of new samples taken from Gemini’s La Tapata gold mine will be announced to the public within the next few days. These samples were tested by Diazem Corporation, which has developed a proprietary, cost-effective method for capturing a uniquely high percentage of precious metals (gold/silver) and other economic minerals from [...]
East Asia Minerals Corporation reports significant gold intercepts from trench sampling at its Miwah Project, Aceh Province, North Sumatra, Indonesia. These results, including 27 metres of 4.35 g/t gold are from the diatreme breccia target in the western part of the property. For full details of this press release, click this link. Gold Investing News researchers [...]
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