American Bonanza Gold (TSE:BZA) reports that it has signed a Letter of Offer with Balmoral Resources Ltd. The proceeds of this transaction will be applied to the development of the 100% owned Copperstone gold mine in Arizona. For complete news release, click here. For American Bonanza’s company profile, click here.
Nevada Sunrise Gold (CVE:NEV) reports an agreement is signed on the Pinnacle property, Reno, Nevada. The Pinnacle Property is highly prospective for gold mineralization and is situated within a mining district known for its historical gold production. For complete news release, click here. For Nevada’s company profile, click here.
The majority of gold mined in Mexico is as a co-product, first, of silver, and secondly of copper. The bedrock beneath Mexico is laden with an intricate, and valuable network of vein deposits of minerals.
High Desert Gold (CVE:HDG) reports results from its drill program at the Gold Springs project that was conducted in both Utah and Nevada. The program was successful in extending the known gold mineralization within the main Jumbo Zone and also intersected a second, deeper zone in one drill hole that has potential to further extend the mineralization. Ralph [...]
The Yukon is home to the famous Klondike gold rush of the late 1890’s. Prospectors flocked to the area some 120 years ago, following the discovery of gold on Rabbit Creek in the Klondike district by George Carmack, Dawson Charlie and Skookum Jim. Now, a brand new gold rush may be just around the corner.
Coral Gold Resources has a portfolio of wholly owned and joint venture properties located along the Cortez gold trend in north-central Nevada. The Company's keystone property is the Robertson Project, which adjoins Barrick Gold Mines - one of the lowest cost gold producers in Nevada, that has reported proven and probable reserves of 13.4 million ounces of gold.
Opawica Explorations Inc. is a junior explorations company with interests in the exploration and development of mineral resource properties. They main focus is the 100% owned Atikwa Lake-Mayburn gold and copper project located near Kenora, Ontario.
High Desert Gold has a portfolio of gold properties in the US and Mexico. High Desert's highlight properties include the Gold Springs Project on the Nevada/Utah border and the Canasta Dorada Project in Sonora Mexico.
Many bullish analysts point to plenty of support for higher prices coming from safe-haven concerns. It’s these concerns, rather than pure supply/demand fundamentals, that have brought prices 13 percent higher in 2010, which gives many an eternal pessimist reason to warn the gold market may be experiencing a bubble waiting to burst.
There are various factors to consider in determining the value of a gold deposit and world class deposit status, including estimated gold resource, the grade of the gold, the ease at which the gold can be mined and the cost of refining the gold.
Tuesday, September 7, 2010