Paramount Gold and Silver Corp. reports assay results from three drill holes at Clavo 99. The higher good grades in the deeper, northwestern extension of Clavo 99 have been confirmed by diamond drill holes SM-54, 60 and 61. As seen in previously reported holes SM-46, 50 and 52 close by to the northwest, hole SM-60 had both modest grades over a modest thickness, suggesting that it is near the margin... Read more..
Cadiscor Resources Inc. announce results of the Scoping Study for its 100% owned Discovery Gold Project in northwestern Quebec. The Study was prepared by InnovExplo Inc. of Val-d’Or. The Study concludes that the project could generate a positive cash flow given certain assumptions. The total income generated by the Discovery Project before taxes is $17.2 million, with a NPV of $11.5 million at... Read more..
Results of an off-set drill hole on the Sulphurets zone from this summer’s program at the Kerr-Sulphurets-Mitchell (”KSM”) project confirms the extension of a higher grade breccia zone in the Sulphurets resource area, prompting Seabridge to drill two more off-set holes in this year’s program. The Sulphurets drilling appears likely to expand the Sulphurets resource model down-dip... Read more..
Apogee Minerals Ltd. announced it has received the assay results from seventeen diamond drill holes completed at the Pulacayo Deposit in southern Bolivia (Figure 1 & 2). These results are the final drill results from the just completed drill campaign to delineate a NI 43-101 resource for the upper part of the Pulacayo deposit. All data has been transferred to Micon International who will provide... Read more..
AuEx Ventures, Inc. report that new reverse circulation drilling results confirm the presence of high-grade oxide gold mineralization 1,312 feet (400 meters) northeast of previously announced drill intercepts at the Long Canyon Venture gold exploration project located in Elko County, Nevada. Fronteer Development Group Inc. (Fronteer), the project operator and 51% interest holder in the Long Canyon... Read more..
Fronteer Development Group Inc. announce that step-out drilling has extended high-grade, oxide gold mineralization by 400 metres along strike at its Long Canyon Project in Nevada. The 400-metre (1,312 feet) step-out from the most northeastern drill hole returned: - 2.53 grams per tonne gold (0.074 oz/ton) over 33.5 metres (110 feet), including 13.18 g/t (0.385 oz/ton) over 4.6 metres (15 feet), starting... Read more..
Elray Resources, Inc., a technically driven gold and precious mineral exploration company, announced today that it has appointed a project team responsible for its ventures in Cambodia and worldwide to be led by Mr. Grant Roberts and Mr. Tony McDougal. Mr. Grant Roberts is a geologist with 28 years experience in geology, mineral exploration and geophysics. He has executed and managed geological and... Read more..
Freeport-McMoRan Copper & Gold Inc. declares the following quarterly cash dividends payable on November 1, 2008 to holders of record as of October 15, 2008: * $0.50 per share of FCX’s Common Stock (NYSE: FCX). * $1.6875 per share of FCX’s 6¾% Mandatory Convertible Preferred Stock (NYSE: FCXprM). * $13.75 per share of FCX’s 5½% Convertible Perpetual Preferred Stock. FCX is a... Read more..
SIRIOS RESOURCES INC. announces encouraging results from the short sampling program which was recently undertaken to follow-up on the showings in the RS and the Plateau regions on the KUKAMES gold property in the Opinaca region in James Bay, Quebec. At these two areas, respectively three outcrops were track-sampled. On the Plateau-2 outcrop, the best results are as follows: 2.44 g/t Au; 1.65 g/t Ag;... Read more..
Silver Shield Resources Corp. announced the remaining assay results from its 3,000 metre diamond drill program at its Welsh Silver Mine property in Elk Lake, Ontario. 20 of the 22 holes were drilled in the area approximately 1 km SE of the Welsh Mine. Two holes, WS-08-19 and WS-08-20 were drilled 500 and 400 metres respectively, east of the Welsh Mine, towards Silverclaim Lake, to investigate other... Read more..