MONARQUES GOLD CORP. ("Monarques" or the "Corporation") is pleased to announce that it conducted two geophysical surveys, in May and July 2015, on its Croinor Gold project, which lies approximately 70 kilometres east of Val-d'Or. Based on the results from the two surveys, they have generated nine exploration targets (see photo).
Melkior Resources Inc. ("Melkior") is pleased to provide a progress report on its wholly owned Carscallen gold project which is located approximately 25 kilometres west of the centre of Timmins Ontario and 5.5 kilometres west of Lake Shore Gold Corp's West Timmins Mine.
Comstock Mining Inc. (the "Company") announced that, on Saturday, September 5, 2015, in conjunction with American Mining and Tunneling LLC ("AMT"), it commenced construction of an underground exploration portal ("Harris Portal") and drift at the north end of the floor level in the existing Lucerne Surface Mine.
Pacific Ridge Exploration Ltd. ("Pacific Ridge" or the "Company") reports that it is planning a 750 m rotary air blast ("RAB") drill program at its Mariposa, White Gold District, Yukon gold property, to commence shortly. The Company also reports that it has received a $100,000 cash payment and shares with a value of $125,000 from MinQuest Limited ("MinQuest") as part of MinQuest's option to earn an initial 51% interest in the Company's Fyre Lake deposit (see Fyre Lake, below).
Brazil Minerals, Inc. (the "Company" or "BMIX") reported today that its subsidiary, Mineração Duas Barras Ltda. ("MDB"), obtained a 4-year renewal of its environmental license of operations ("Licença de Operação"). MDB's application was voted favorably by the COPAM committee, which is made up of representatives from different segments of the local community. This public vote was held yesterday in Montes Claros, state of Minas Gerais, the nearest large city to MDB's mine.
DIOS EXPLORATION reports a diamond drilling discovery on HEBERTO GOLD. The first drill hole completed on HEBERTO yields 4.79 grams gold per tonne over a 8.65 meter true width (from a depth of 18 to 26.65 m) comprised within a larger envelope grading 2.13 grams gold per tonne over 22.90 m (from 7.50 to 30.40 m). Almost all core samples were one meter long, splitted in two and assayed by Fire Assay Fusion with Atomic Absorption Spectroscopy finish at ALS Minerals in Val d'Or.
Medgold Resources Corp. is pleased to provide an exploration update from the Boticas gold project. Recent reconnaissance rock-chip sampling, exploring areas outside of the main Limarinho Zone, has yielded results of 71.9 g/t Au, 45.0 g/t Au and 22.4 g/t Au from the newly identified Casas Novas and Leiranco zones, from a total of 28 samples.
Amex Exploration Inc. is pleased to announce that Agnico Eagle Mines Ltd "Agnico Eagle" has started a follow-up drilling on the Normetal mine horizon mineralisation outlined in their previous phase of drilling.
MDN Inc. is pleased to announce that it has signed a Heads of Agreement with Sichuan Xinye Investment Corporation of Mining and Exploration to enter into a joint venture whereby XINYE would be transferred, in escrow, 50% of interests in the Company's Ikungu and Ikungu East properties in Tanzania and would have the option of retaining such interests by investing up to US$7M in such Properties over a maximum period of 42 months.
Gold is a kind of rare precious metal and has a wide-range use. Gold price has been rising since the 80's of the last century. The great demand for gold has not only stimulated gold exploration but also led to the need of understanding the genesis of gold deposits.
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