Monday, 11 June 2012

TAIA Lion Resources Dedicated to Delivering Near Term Low Cost Production

TAIA Lion Resources, Sierra Leone's leading gold exploration and development company, will work to secure fast track production and regional economic development, by processing it's gold ore body through an initial gravity feed cyclone recovery system.

Commenting CEO Ari Untracht said, "TAIA Lion Resources was set up to be in the gold business and to deliver economic returns to shareholders and stakeholders as fast as possible. Our strategy has always been to enter production as soon as possible and we are confident we can initially deploy a low cost gravity feed cyclone recovery system to help process our Gori Hills or Lake Sonfon ore bodies. This will enable TAIA to swiftly move into the the production and earning phase, albeit limited. Our company was set up to produce and if we can deliver small scale micro production of gold and begin our economic generation process early and build it up over time, I am convinced, in today's market,that is what both our shareholders and stakeholders want and importantly what the market will respect. All too often the mining industry takes an age to move from exploration to production. At TAIA we are in the mining business to generate money and we want to do that quickly and we make no excuses for that"

To enter large scale production TAIA still benefits from a low capex exposure of circa 70 million USD, a figure that is relatively easy to secure via standard project finance terms.
TAIA's plan to enter near term low cost low output production is the right approach and demonstrates that the board clearly places an emphasis on business generation, rather than market generation.
We like TAIA's approach.

Saturday, 9 June 2012

Brazilian Gold Corp BGC.TSXV Share Price Heads Upwards as Production Phase is in Sight

Check out Brazilian Gold Corp BGC. TSX.V Now entering an exciting transition phase from exploration and entering into limited production and earnings
Well done the BGC Team, dedicated, hard working, focused and always working to deliver production and cash generation, you are nearly there.

Brazilian Gold Corp BGC.TXV Heads Towards Production

Fantastic interview with Brazilian Gold CEO Ian Stalker, who is doing all the right things with shareholders and investors money in Brazil, where the company can now see the production phase on the horizon
Check this out


Brazilian Gold Corp. Looking To Produce in 2013 - Got Gold Report
Brazilian Gold Corporation (TSXV: BGC)(www.braziliangold.ca) "has a nice, thick economic ...
www.gotgoldreport.com/.../brazilian-gold-corp-looking-to-pr...

Thursday, 7 June 2012

URU Metals world class nickel sulphide discovery over 1 billion tonnes


URU Metals look for excellent payback at nickel project Market ...
URU Metals the exploration and development company with uranium interests in Niger and South America and nickel interests in southern Africa has announced ...
shares.telegraph.co.uk/news/article.php?id=4383972&epic...

Wednesday, 6 June 2012

Vatukoula Gold VGM.LN Rising Gold Price Will Support Underground Mining Transition

Vatukoula Gold mines the London listed gold miner whose main asset is their large scale gold mining operation in Fiji, are currently benefitting from the increase in the gold price as the company moves its underground mining operation into the more efficient footwall
Process. The company is expected to start mining higher grades and will lower its development rate, in a move that will bring down the cash cost per ounce.
The high gold price is providing VGM with a nice window in which to make this transition. Shares are trading at just under 40p close to a 52 week low.

Tuesday, 5 June 2012

Brazilian Gold Corp BGC.TSXV Secures Impressive 43-101


Brazilian Gold Gets a Boost in Resources with an Encouraging Initial 43-101 Estimate at Jau
Brazilian Gold announced an initial NI 43-101 resource estimate of 503 koz at the Jau target contained within the Company’s 100% owned Surubim project, bringing the Company’s global resource profile to 1.44 MMoz (Exhibit 1). The Jau resource is contained within a 70m wide mineralized zone trending E-W over a 700m strike length and to a depth of 250m, remaining open at depth and to the west. We highlight that Jau is the most advanced of four targets contained within the Surubim group, which collectively present an opportunity for a near-surface open-pit bulk mining and centralized processing scenario with reduced costs as a result of the minimal amount of drilling and blasting required. We see the current resource reaching 2.5 MMoz within the next 12-18 months with growth coming from Sao Jorge and Boa Vista.

Sunday, 3 June 2012

Geodrill Check This Out



Ryan Irvine, Keystone Analyst review of Geodrill on BNN
http://watch.bnn.ca/#clip683815