The African National Congress (ANC) demanded a state owned mining company way back in 2007 at its Polokwane conference. Now President Jacob Zuma has announced that the African Exploration Mining and Financing Corporation will become a full fledged state owned mining company.
Gold Canyon Resources Inc. (TSX VENTURE:GCU)(PINK SHEETS:GDCRF) has announced that hole SP10-029 has intersected 132 meters at 2.30 grams per tonne gold including 42 meters at 5.28 grams per tonne gold. Another hole, SP10-028, intersected 108 meters at 1.75 grams per tonne gold including 12 meters at 6.11 grams per tonne gold.
Canaco Resources Inc. (TSX VENTURE:CAN) has announced additional new drill results from the Company's Magambazi gold discovery located in the Handeni region of the United Republic of Tanzania.
Astral Mining Corporation has announced the signing of a Letter of Intent whereby Astral can acquire an undivided 100% interest in three (3) mineral exploitation claims covering approximately 4,196 hectares, collectively known as the Los Crestones Property, located within the prolific Sierra Madre gold-silver belt, 100km north of the Sinaloa state capital, Culiacan.
Victoria Gold Corp. (TSX VENTURE:VIT) today announced an update pertaining to the analysis of the apparent error in the Cove Upper Zone resource estimate which was the subject of the Company's press release dated November 23, 2010.
Tarsis Resources Ltd. (TSX VENTURE:TCC) has announced that it has acquired by staking, a 100% interest in 186 claims (approximately 3,900 hectares), named the Rosie property. The property is located at the eastern end of the Nisling Range, approximately 100 kilometers northwest of Haines Junction, Yukon.
New drilling on the Don Esevein target on Paramount Gold and Silver Corp (NYSE Amex:PZG)(TSX:PZG)(FRANKFURT:P6G) San Miguel Project has discovered the south southeast strike extension of the main Palmarejo structural corridor that hosts Coeur d`Alene Mines (NYSE:CDE)Palmarejo Mine. The structural corridor is partly obscured by younger volcanic rocks, but new drilling has intersected the target below this cover.
Nanika Resources Inc. (TSX-V:NKA) Further to Nanika's news release on November 18, 2010 announcing drilling, Nanika has announced that a total of 1,000 metres of drilling has been completed in seven holes from four pads at the Indi property approximately 24 kilometres north of the Town of Stewart, BC. Nanika has submitted drill core for assay and expects results soon.
Jayden Resources Inc., (TSX:JDN) announces that results from extension drilling to the north of previous drilling have extended the footprint of gold mineralization at Silver Coin by 160 metres. Mineralization remains open to the north and northwest of the existing resource.
Gammon Gold Inc. (TSX:GAM and NYSE:GRS): Gammon has provided and updated drill results from the Ocampo exploration program.
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