Guyana Goldfields Inc. is pleased to report an updated mineral resource statement for its 100%-owned Aurora Gold Project in Guyana, South America. This new estimate includes all drilling data obtained up to the end of April 30, 2012. The estimate was prepared by SRK Consulting (Canada), Inc. ("SRK") of Toronto, Canada in accordance with National Instrument 43-101 ("NI 43-101") and provides an update to the previous estimate released on September 9, 2011. The Bankable Feasibility Study is scheduled for completion at the end of the calendar fourth quarter of this year and will be based on the measured and indicated categories of this revised resource estimate.
Daulton Capital Corp. a gold and precious metals exploration company, is pleased to announce that it has entered into a $105 million forward Gold sales contract with Salam International Limited. Salam International Ltd is a Dubai gold trading company which procures gold and sells to large Gold refineries in Dubai & Abu Dhabi, United Arab Emirates.
Primero Mining has reported that a fresh high-grade vein, named the Alexa vein, has been discovered in the West Block. Five high-grade intercepts are included in the new discovery.
DIOS EXPLORATION has announced that it has planned to commence prospecting and mapping the tonalitic stage of the Erasme Lake pluton, on the porphyry-type 33 CARATS gold project situated on the northwest part of the Eastmain gold mine, Chibougamau.
Redstar Gold has announced the drilling results from two diamond drilling holes located in the Newman-Todd property in Red Lake, Ontario.
BCGold declared that it has mobilized work crews at its WS and Off-White Gold properties and South Quesnel properties. The company will use the combined exploration budget of $200,000 for these projects. Work crews will be working at the properties till late August.
Xstrata Technology and GeoProMining Gold, which is a wholly-owned subsidiary of GeoProMining, have inked an Albion Process Technology Licence Agreement for GPM gold project.
Guyana Frontier Mining Corp. ("Guyana Frontier") is pleased to provide an update on the results of the remaining six diamond drill holes from the Marudi Mountain Gold Project ("Marudi Mountain") in Guyana, South America. The six holes reported here, totalling 909.5 metres, were drilled at the Marudi North target area from two collar locations, of which three holes encountered gold mineralization. The 2012 drilling program at Marudi North successfully intersected gold mineralization within quartzite-metachert rocks (the "host rock") in six of the nine holes drilled. In all, 1,977.47 metres were drilled in 12 holes at both target areas during the Phase 1 drilling program. Nine holes totalling 1,438.17 metres were drilled in the Marudi North segment of the 2012 drilling program, and 539.30 metres were earlier completed in 3 holes at Mazoa Hill.
Malbex Resources, a gold exploration company, has declared assay results for 11 diamond drill holes from the Rojo Grande deposit and other prospective targets at its Del Carmen gold-silver project located in Argentina’s San Juan province.
Eagle Hill Exploration has declared the initial assay results from the new drill campaign, which was conducted at the Windfall Lake Gold Deposit located in northwestern Quebec. The assay results constitute a part of a drilling program conducted to extend the size of the mineral resource estimate, which was announced earlier in November 2011.
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