Friday, September 30, 2016

Asanko Gold Inc. - AKG.t

Asanko Gold Inc. - AKG.t flagship project is the Esaase Gold Project located in Ghana, West Africa.

The Asanko Gold Mine is located on the Asankragua Gold Belt in Ghana. It has 7.5 million ounces of Measured and Indicated Resources, including 4.8 million ounces of Proven and Probable Reserves.

On September 19, 2016 the company released News

"Highlights:
  • Highly encouraging results from new near-mine exploration target, Akwasiso
  • 10,000 metres of drilling has been completed over 81 holes, with visible gold intercepts and extensive mineralized intersections of similar style to main Nkran pit
  • Highlights of initial assays received to date include:
Hole ID From (m) To (m) Intersection
AKDD16-004 149 203 54m @ 3.85g/t Au
AKDD16-011 169 185 16m @ 3.65g/t Au
AKDD16-013 69 81 12m @ 4.66g/t Au
Asanko Gold Inc. (“Asanko” or the “Company”) (TSX:AKG)(NYSE MKT:AKG) is pleased to announce highly encouraging results from the new exploration target Akwasiso, which is located approximately 4 kilometers from the processing facility at the Asanko Gold Mine (“AGM”) in Ghana, West Africa.











http://pennystockjournal.blogspot.com/2016/09/asanko-gold-inc-akgt.html

Thursday, September 29, 2016

The Treasure of Gourdon

The Treasure of Gourdon was unearthed near Gourdon, Saône-et-Loire, France in 1845. The hoard of gold was hidden soon after 524. When it was found, the hoard comprised a chalice and a rectangular paten, together with about a hundred gold coins dating from the reigns of Byzantine emperors Leo I (457–474) through that of Justin I (518–527). The Merovingian king Clovis I converted to Christianity in 496.

In the sixth century Gourdon was the site of a monastery. The latest date among the coins that were part of the hoard can be fixed at circa 524. The treasure may have been hastily buried in anticipation of a raid.

A shepherd girl, Louise Forest, discovered it below a Roman tile engraved with a cross. The treasure was sold at auction in Paris on 20 July 1846 with the paten and chalice acquired by the state.



Golden Dawn Minerals - GOM.v

Golden Dawn Minerals - GOM.v has finalized the purchase of the Greenwood Gold Project consisting of the Lexington and Golden Crown underground gold mines and a 200-400 tpd gravity-flotation processing facility.

The Company will start to rehabilitate, construct underground drill stations, and commence underground drilling in the May Mac Mine.


On September 6, 2016 the company released NEWS

Golden Dawn Minerals Inc., (TSX-V: GOM; FRANKFURT: 3G8A) (the “Company” or “Golden Dawn”) provides the following update on activities at its May Mac silver-gold mine project, part of the ongoing Greenwood Precious Metals Project in south-central British Columbia, Canada. The May Mac mine, in the historic Greenwood mining district, lies 15 kilometres west of the mill currently being acquired from Huakan International Mining Inc.

The company received a permit to rehabilitate, construct underground drill stations, and commence underground drilling in the #7 Adit, and has resumed surface diamond drilling on the Boundary Falls property. Initial drilling will test gold-silver quartz veins exposed in historic workings on the Amigo portion of the property, south of the May Mac mine, including the Glory Hole and No. 1 Tunnel workings. Drilling on the May Mac mine will test for strike extensions to the upper Skomac vein beyond the No. 7 Level. Further drilling will probe a parallel vein 100 metres below the Skomac vein. This new mineralized parallel vein was discovered in hole #6 of the surface drill program conducted in late 2015 and early 2016.

Permit transfers to the Company of the Huakan assets (Lexington and Golden Crown Mines) are expected toll take 6+ months. During this time interval any mineralized material encountered in the May-Mac Mine can be bulk sampled and fed to the newly acquired Greenwood Processing plant 15 km to the east of the May Mac.









http://pennystockjournal.blogspot.com/2016/09/golden-dawn-minerals-gomv.html

Wednesday, September 28, 2016

The Marange diamond fields, Zimbabwe.

The "Marange" is the name of a vast diamond field in eastern Zimbabwe. It is about the size of the German capital Berlin and in its depths huge deposits of diamonds lie waiting to be discovered. Many experts believe it to be the largest diamond field in the world. This year alone, the state-owned Zimbabwe Mining Development Corporation (ZMDC) expects to extract diamonds weighing some 17 million carats.

In terms of carats produced, the Marange field is the largest diamond producing project in the world.
Now Zimbabwe can again sell its precious stones to buyers in Europe. The European Union (EU) lifted sanctions imposed on the ZMDC for its alleged involvement in acts contrary to to democracy in the southern African nation.

The embargo on Zimbabwe's national mining corporation was imposed by the EU in the wake of brutal attacks by security forces against members of the opposition after the 2008 presidential election.
Five years later, the EU's foreign ministers have now said the embargo can be lifted – even though election observers from the African Union (AU) and the Southern African Development Community (SADC) expressed severe doubts about the credibility of parliamentary elections held in Zimbabwe.
The EU has also spoken of democratic deficits in Zimbabwe but the bloc's foreign policy spokesman Michael Mann says there have also been some small improvements.

The EU wants to encourage Zimbabwe to undertake economic reforms so that the population as a whole also benefits from the trade in diamonds. So far, ordinary Zimbabweans have seen little of the revenue. The country's economy is in a poor state and many people do not have enough to eat. The UN World Food Program estimates that 2.2 million Zimbabweans will rely on international food aid.