Although Goldcliff has thus far focused on reporting drilling results from a few high-grade zones on the property, according to Sanders, Panorama Ridge in fact has substantial bulk tonnage, open pit potential. In addition to the high-grade gold that Goldcliff is drilling, Sanders explains that in today’s gold market the low-grade material at Panorama is becoming economic, and in turn substantially increasing the potential size of the Panorama resource.

Instead of running with risk in view of huge oil findings, the company maintains a conservative approach based on guaranteed opportunities and diversification on drill-ready or existing wells within Canada.

Some ten-plus months of exploration work, negotiations and due diligence came to successful conclusion on Tuesday, Nov. 6 as ValGold Resources (TSX:VAL) announced that it had closed on its Honnold Corp. acquisition.

In a meritocracy, the pure, rich cream floats to the top. It’s where people are selected competitively according to merit, talent, motivation and effort, based on the idea that positions of responsibility and prestige should be earned. Kootenay Gold and its team are an example of just that.

NioGold Mining (TSX.V:NOX) has just finished drilling over 10,000 metres of a planned 40,000 metre drill program on its wholly owned Marban Block property. This initial round of the program is investigating gold mineralization in the area immediately surrounding the past-producing Marban Mine. All of the holes indicated that the geologic features that helped establish the Marban Mine are also present in the ground around the mine.

All dreams, rumors, and other Fleetwood Mac references aside, Bayfield Ventures (TSX.V:BYV) really is at the “Edge of 17” as it gets set to drill its newly acquired parcel of land adjacent to Rainy River Resources’ (TSX.V:RR) #17 gold zone. Management has successfully negotiated a deal to tie up certain patent mineral rights totaling 80 acres (known as Parcel #15961) in the Richardson Township.

Astral Mining on Oct. 18 released a report on the ongoing Phase II drilling program at its Jumping Josephine gold prospect in southern British Columbia. Astral’s on-site geotechnical team has sampled JJ Main Zone quartz stockwork over more than 540 meters of strike and down to a maximum depth of 152 m, diamond drilling a total length of some 3,333 m. Management expects that a minimum 12 more holes will be drilled during the Phase II program before calling it quits for the season.

Atomic Minerals (TSX.V ATL) is applying some old real estate wisdom to its newest uranium acquisition in Tanzania: location, location, location – as well as a room with a view. This thinking nets the company over one million acres of prime ground in an area known for hosting sizeable uranium deposits.

Grenville is progressing toward its eventual goal of production on Silveria. A partner providing a mill will be an important next step to secure cash flow from the project, however, even more important for the Grenville team at this point is to determine the value of the mineralized rock they send through the mill.

PMI Gold (TSX.V:PMV) has closed its deal with Nevsun Resources (Barbados) to acquire the Kubi Gold project in Ghana’s Ashanti Gold Belt. This latest acquisition rounds out the company’s existing portfolio to four past-producing Ghanaian gold properties, giving PMI control of a total 698 sq km in the Golden Triangle.

Investors looking for Alberta energy stocks would do well to notice Pennant Energy Inc. [TSXV: PEN] a promising oil and gas firm that trades on the TSX Venture Exchange. This company enjoys good cash flow from 15- 45 % interest in eight oil wells in Manitoba’s Daly Field, producing medium grade crude from the Lodgepole and Bakken formations.

Goldcliff Resources is making solid progress on exploration programs this year, and the company’s recent activity underscores that fact.