Avion Gold Corporation (TSX VENTURE:AVR)(OTCQX:AVGCF) ("Avion") and Avocet Mining PLC (AIM:AVM) ("Avocet") are pleased to announce that they have closed Avion's previously announced acquisition of a 100% interest in the Hounde Group concessions ("Hounde") in Burkina Faso (see Avion news releases dated January 29, 2010 and July 5, 2010).
Midway Gold Corp. ("Midway") continues to find excellent gold recovery results for its Spring Valley gold project, Pershing County, Nevada. Test results report gold recoveries up to 98% with conventional oxide ore leaching treatment, and showed high gold recoveries across all the grade ranges tested.
Great Basin Gold Ltd. ("Great Basin" or the "Company") (TSX: GBG; NYSE Amex: GBG; JSE: GBG) announces that it is making good progress in the delivery of its capital projects at its Burnstone Mine in South Africa.
Fire River Gold Corp. (TSX VENTURE:FAU)(OTCQX:FVGCF)(FRANKFURT:FWR) ("FAU" or the "Company") is pleased to report the results of a Mineral Resource Estimation recently completed on the Nixon Fork Gold Project, located in Alaska's Tintina gold belt. The resource estimate was completed by Giroux Consultants Ltd. of Vancouver, Canada.
ESO Uranium Corp. (TSX VENTURE:ESO)(FRANKFURT:E2G), (the "Company" or "ESO") is pleased to announce results of gold assays in a seven (7) hole, 850 meter drill program on the Donna Gold Property, in South Central British Columbia.
Oro Silver Resources Ltd. ("Oro Silver or the "Company") (TSX VENTURE:OSR) has commenced drilling on its El Compas gold project near Zacatecas, Mexico. This phase of drilling is designed to increase the near- surface gold resource at both the El Compas and El Orito veins. Drilling will define the shape and orientation of the high-grade gold portion of the vein zones.
DIOS EXPLORATION INC. (TSX VENTURE: DOS) reports the discovery a new gold showing during its 2010 reconnaissance program on its wholly owned U33 diamond-gold exploration project, James Bay, Quebec. The discovery is located 52 kilometers SE of the multi-million ounces of gold Eleonore deposit and 12 kilometers NE of the million ounces of gold Clearwater deposit.
Colossus Minerals Inc. ("Colossus") (TSX:CSI) is pleased to announce the results of further diamond drilling on the Serra Pelada Gold-Platinum-Palladium Project, the Colossus-COOMIGASP joint venture located in Para State, Brazil.
BCGold Corp. (TSX VENTURE:BCG) is pleased to announce that it has staked four properties in Central B.C., targeting blind porphyry copper-gold deposits similar in style to the Afton-Ajax and Mount Polley copper-gold deposits.
Matthew Russell, President of Azteca Gold Corp. ("Azteca" or the "Company") (TSX VENTURE:AZG) is pleased to announce that diamond drill core hole DDH-009 has been completed to a depth of 6760 FT. The Company feels its technical objectives for DDH-009 with regards to investigating up-dip hinge sulfide mineralization within the Two Mile Anticline were achieved within the estimated 7000 FT TD.
Asia Now Resources Corp. (TSX VENTURE:NOW) is pleased to announce that the Company has accelerated its exploration program by mobilizing six rigs to drill at its Beiya project adjacent to the open-pit Beiya Gold Mine, the largest gold mine in Yunnan Province of China, with production capacity being expanded to 200,000 ounces of gold annually.
Arco Resources Corp. (TSX VENTURE:ARR)(FRANKFURT:MJ7) ("Arco" or the "Company") is pleased to announce results from the remaining seven holes of the recently completed diamond drill program on its 100%-owned Taviche property located in Oaxaca, Mexico.
Alexco Resource Corp. (TSX:AXR)(NYSE Amex:AXU) ("Alexco" or the "Company") is pleased to announce additional results from its 2010 core drilling program at the Keno Hill Silver District in Canada's Yukon Territory. Exploration and infill drilling in the area of the historical Onek underground and open pit mine has identified an upper silver rich zone of mineralization with associated high grade zinc, and locally lead, over significant widths.
Copper Futures have risen to a 26 month peak on the second straight day on Wednesday. Copper for December delivery HGZ0 ended up 2.65 cents at $3.7530 per lb on the COMEX metals division of the New York Mercantile Exchange.
By Dr. Cameron Chai
7 Oct 2010
Gold prices have settles at a 14th record high in Gold Futures this month. The weak dollar and fears of inflation combined with currency debasement have pushed up silver along with gold futures.
By Joel Scanlon
7 Oct 2010