Helio, through its 100% owned subsidiary BAFEX Tanzania Ltd., can earn a 100% interest in five contiguous licences, which cover a 34km strike length of the Saza Shear Zone. The project covers the New Saza Gold Mine, which operated between 1939 – 1956, producing approximately 270,000 ounces of gold at an average grade of 7.5g/t Au. Since June 2006, the Company has drill-tested eleven targets,... Read more..
The management of Arianne Resources Inc. report drilling results from the Pau Zone, one of the three mineralized zones of its Lac a Paul phosphorous-titanium property located in Quebec. The drilling campaign on the Pau Zone and Zone 2 was completed November 20, 2008 and drilling on the Man Zone will resume on January 20. In total, including the Man program, Arianne will have tested, with 5,000 meters... Read more..
Melkior Resources Inc. announce additional assay results for 16 diamond drilling on the 100% owned Timmins West Property in Carscallen Township, Timmins, Ontario. Assay results for 41 out of 48 diamond drill holes have now been received. The best intersections from this set of assays were from TW-08-10-35 which returned 5.63 g/t gold over 1.80 m and TW-08-10-36 which returned 7.18 g/t gold over 1.30... Read more..
Crystallex International Corporation reported that it is aware of certain comments related to the Las Cristinas gold project attributed to President Chavez in Venezuela. Outside of the media coverage, the Company has not been notified of any changes in position by the Venezuelan Government regarding the Las Cristinas Project or the Mine Operating Contract (”MOC”). Crystallex staff and... Read more..
Yale Resources Ltd. announce that its partner Enviro Energy Capital Corp. has started its first phase work program on the Mina San Jose, Zacatecas and Salvador claims that form the Zacatecas Venture. Yale owns 65% of the Zacatecas Venture with IMPACT Silver Corp. owning the remaining 35%. Enviro has an option to earn 100% of Yale’s ownership by making staged cash payments totaling $150,000,... Read more..
Eaglecrest Explorations Ltd. report that a new exploration work has highlighted the Buriti gold target at the San Simon project in Northeastern Bolivia. As part of the on-going district exploration program, a total of 68 surface rock chip samples were collected in November-December 2008 and returned gold values that varied from below detection (0.3 grams per tonne gold) to 16.2 grams per tonne gold.... Read more..
Mexoro Minerals Ltd. announce that it has updated its preliminary technical report estimate at its Cieneguita Project located in Chihuahua, Mexico. The Company finalized its current drilling program finishing 100 holes for a total of 20,215 meters of drilling. The Company is waiting for the results from 48 of these drill holes to come back from analysis by ALS Chemex labs. Once all the results have... Read more..
Volta Resources Inc. report more significant copper-gold intercepts from the last drill holes of its 2008 diamond and reverse circulation (”RC”) drilling program at Volta’s Gaoua copper-gold porphyry project in southern Burkina Faso, West Africa. The latest drilling significantly expands the mineralized envelope towards the west at its Gongondy target, considerably increasing the... Read more..
NovaGold Resources Inc. reminds its shareholders that, as previously disclosed in its press release dated January 2, 2009, the TSX de-listing review was triggered by NovaGold’s reliance on the financial hardship exemption under Section 604(e) of the TSX Company Manual. NovaGold applied to the TSX under the provisions of Section 604(e) of the Company Manual for an exemption from securityholder... Read more..
Latin American Minerals Inc. reports that mechanical trenching across the Discovery Zone on the Paso Yobai Gold Trend in Paraguay has exposed the gold-bearing zone in all trenches, locally containing coarse visible gold. The Paso Yobai Gold Trend hosting the Discovery Zone has been traced by airborne and ground magnetic surveys along strike for 7 kilometres, and has been outlined by a large regional... Read more..