If someone is charged up, the colour of their face might change, but they don’t immediately pull off one of their arms, only to reattach it as a third leg. With some molecules, however, the situation is quite different - for example, in a gold cluster with seven atoms.
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Last week, Kootenay Gold (TSX.V:KTN) released the initial results from the Phase 2 drill program now underway at the company’s 100% owned Promintorio project.
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After a long wait of over 5 years, Vannessa Ventures (TSX.V:VVV) has received final confirmation from the Costa Rican Mining Ministry (MINAE) authorizing the exploitation of the Crucitas project by Vannessa. This clears the way for construction to begin immediately.
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Little Squaw Gold Mining (OTCBB:LITS) is advancing its shareholders’ interests on four fronts, all of which are shaping up to be lucrative investments for the company.
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Soltera Mining Corp. (OTCBB:SLTA) has been busy acquiring properties during the first quarter of 2008. Unstable markets have been unable to dampen the resolve with which management goes about building shareholder value.
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By Darryl Kelley
Drilling is now underway at Tarsis Capital’s (TSX.V:TCC) Wolf project (previously named Tim), a 6,000 hectare lead, zinc and silver project located 72 kilometres west of Watson Lake in the Yukon Territory, and 12 kilometres northeast of the Silvertip Deposit (previously named Midway).
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By Eric Pratt
Goldcliff Resources (TSX.V:GCN) assayed a trenching sample from its 100% owned Panorama Ridge project that returned a value of over 15 ounces per tonne of gold. The bonanza grade sample was assayed twice to confirm the result, which has validated the company’s theory that there would be high grade zones encountered throughout broadly disseminated lower grade host rock.
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By Eric Pratt
Its not often one discovers an OTC-listed mining company that has a board of directors and management team with the caliber and pedigree of Little Squaw Gold Mining Company (OTCBB:LITS).
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Helio Resource Corp.’s (TSX.V:HRC) project generator model is starting to yield results, both in terms of attracting other juniors as joint venture partners, and on its own flagship SMP property in Tanzania.
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The first good news of the year for readers at Resourcex Investor was the price of gold. The start of the year heralded all-time high prices for gold easily topping $900 per ounce, driven by the weak US dollar, high oil prices and renewed geopolitical concerns. Just a month later, gold continues to break all time highs, confidently striding toward the long anticipated $1,000 mark.
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When the ancient Roman scholar Publilius Syrus said, “No pleasure endures unseasoned by variety,” he could well have been referring to mining companies. One trick ponies, as recent events are sure to prove again, live and die the by price of a single commodity, and as such, are more vulnerable to sudden or unexpected market movements than are polymetallic companies.
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Gold prices fell Tuesday as investors sold the commodity to cover losses on global stock markets.
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