Brazilian Gold Corporation the fast-track developer of a number of large scale adjacent open pit gold projects in Northern Brazil, takes time to remind the market of its strong cash in back position and the fact that the São Jorge project is Brazilian Gold’s most advance stage development. The deposit is host to an NI43-101 compliant indicated mineral resource of 11.365 Mt grading 1.0 g/t gold (379,000 ounces of contained gold) and an inferred mineral resource of 20.673 Mt grading 0.8 g/t gold (558,000 ounces of contained gold) at a 0.3 g/t cut-off (Coffey Mining, July 15, 2011).
Whilst concerns about the fall in gold prices may concern some investors, BGC is set to be a low cost, low risk producer where in the case of Brazil it operates in a positive low royalty tax environment and is the only gold development company in Northern Brazil with access to power and with highway access to the development site.
Monday, 19 December 2011
Friday, 16 December 2011
Geodrill Establishes European Representative Office
For Immediate Release
15th December 2011
Geodrill Establishes European Representation Office
Geodrill (GEO: TSX), the leading West Africa-based drill rig contractor, is pleased to announce the appointment of Brandmining, a specialist mining and natural resources consulting firm, as the Company’s European representative.
Commenting on the appointment, CEO Dave Harper said: “Geodrill is rapidly increasing its fleet of drill rigs. The appointment of Brandmining will help to ensure that our Company maintains a high profile and effective representation in the influential London mining market, where a number of listed mining and exploration companies with interests in West Africa procure their drilling programmes.”
About Geodrill
Geodrill Limited is a leading West African based drilling company currently operating in Ghana and Burkina Faso. Geodrill provides exploration and development drilling services to major, intermediate and junior mining companies with exploration and development operations in West Africa. The Company specialises in providing reverse circulation, diamond core and air-core drilling services using a modern fleet of drill rigs. The Company plans to grow organically and build its current client base while continuing to assess expansion opportunities throughout West Africa and other jurisdictions of Africa, to meet demand for its services and expertise.
For further information contact:
Geodrill
Dave Harper
Chief Executive Officer
T: +233 30 276 8879
E: dharper@geodrill-gh.com
Brand Mining
André Morrall
Managing Director
T: +44 (0) 151 244 5587
E: andre@brandmining.co.uk
Press Release
Visiting Address:
20B Aviation Road Airport Residential Area Accra, Ghana
Postal Address:
PO Box KIA 16184 Airport
Accra, Ghana
T: +233 30 276 8879
E: dharper@geodrill-gh.com
www.geodrill-gh.com
15th December 2011
Geodrill Establishes European Representation Office
Geodrill (GEO: TSX), the leading West Africa-based drill rig contractor, is pleased to announce the appointment of Brandmining, a specialist mining and natural resources consulting firm, as the Company’s European representative.
Commenting on the appointment, CEO Dave Harper said: “Geodrill is rapidly increasing its fleet of drill rigs. The appointment of Brandmining will help to ensure that our Company maintains a high profile and effective representation in the influential London mining market, where a number of listed mining and exploration companies with interests in West Africa procure their drilling programmes.”
About Geodrill
Geodrill Limited is a leading West African based drilling company currently operating in Ghana and Burkina Faso. Geodrill provides exploration and development drilling services to major, intermediate and junior mining companies with exploration and development operations in West Africa. The Company specialises in providing reverse circulation, diamond core and air-core drilling services using a modern fleet of drill rigs. The Company plans to grow organically and build its current client base while continuing to assess expansion opportunities throughout West Africa and other jurisdictions of Africa, to meet demand for its services and expertise.
For further information contact:
Geodrill
Dave Harper
Chief Executive Officer
T: +233 30 276 8879
E: dharper@geodrill-gh.com
Brand Mining
André Morrall
Managing Director
T: +44 (0) 151 244 5587
E: andre@brandmining.co.uk
Press Release
Visiting Address:
20B Aviation Road Airport Residential Area Accra, Ghana
Postal Address:
PO Box KIA 16184 Airport
Accra, Ghana
T: +233 30 276 8879
E: dharper@geodrill-gh.com
www.geodrill-gh.com
Thursday, 15 December 2011
Polo Resources Boost For Sierra Leone
Polo Resources the London and Toronto listed natural resources investment and development company, announced Wednesday, that it has agreed to acquire TSX-V listed AXMIN Inc.'s ("AXMIN") 49 per cent. interest in Nimini Holdings Limited ("Nimini") for a cash consideration of US$9 million. Polo completed its acquisition of a 51 per cent. interest in Nimini on 29 September 2011 and will, upon completion of this acquisition, own a 100 per cent. interest in Nimini.
The transaction is expected to complete by 23 December 2011. Polo's joint venture agreement with AXMIN in respect of the Nimini East and West and Matotoka gold exploration licences in Sierra Leone (the "Prospects") will then cease and AXMIN will no longer have representation on the board of Nimini.
The news is another positive signal of the growing confidence the gold mining and exploration sector is having in Sierra Leone, where a number of analysts are saying that the country represents "Ghana Ten Years Ago"
The transaction is expected to complete by 23 December 2011. Polo's joint venture agreement with AXMIN in respect of the Nimini East and West and Matotoka gold exploration licences in Sierra Leone (the "Prospects") will then cease and AXMIN will no longer have representation on the board of Nimini.
The news is another positive signal of the growing confidence the gold mining and exploration sector is having in Sierra Leone, where a number of analysts are saying that the country represents "Ghana Ten Years Ago"
Saturday, 10 December 2011
URU Metals LSE URU
URU Metals LSE:URU Metals is advancing it's SAN nickel project with intensive metallurgical test work and is working towards a PEA.
TAIA Lion Resources Sierra Leone
TAIA Lion Resources drill programme underway at the Lake Sonfon Gold Project Sierra Leone progressing really well,crews all working smoothly
Brazilian Gold Corp TSX:V BGC Drilling Campaign
Brazilian Gold Corp, the Toronto listed fast-track developer of large scale gold projects in Northern Brazil, presses ahead with its 20,000 metre drill campaign, where it is targeting through its close knit adjacent projects up to 3 million ounces of gold that could be processed through a central treatment facility.
Friday, 9 December 2011
TAIA Lion Resources Drilling Going Very Well
TAIA Lion Resources drill programme underway at the Lake Sonfon Gold Project Sierra Leone progressing really well,crews all working smoothly
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