Saturday, December 31, 2016

Mozambique gold mining

Manica, Mozambique - They are washing the soil, day and night, hoping to reveal gold.

80 percent of gold prospectors arrive illegally from the neighboring country of Zimbabwe. The miners claw at the earth between 15 and 20 metres beneath the surface, in an extensive tunnel system.

The diggers work on their own account, and after selling the gold they must give half of the money to the owner of the land.


Workers earn 15 meticals (about $0.40) per sack they deliver to the river. On average, they deliver 40 to 50 sacks a day.

Friday, December 30, 2016

The Cullinan Diamond

The Cullinan diamond is the largest gem quality diamond ever found, at 3106.75 carats (621.35 gms, 1.37 lb). It was found on January 26 1905, in the Premier No. 2 mine, near Pretoria, South Africa.

The diamond was discovered and presented that same afternoon to Sir Thomas Cullinan, who owned the mine and happened to be on site.
Cullinan then sold the diamond to the Transvaal provincial government, which presented the stone to Britain's King Edward VII as a birthday gift.

Sir William Crookes performed an analysis of the Cullinan diamond before it was cut and mentioned its remarkable clarity, but also a black spot in the middle. The colours around the black spot were very vivid and changed as the analyser was turned. According to Crookes, this pointed to internal strain. Such strain is not uncommon in diamonds.
The story goes that when the diamond was split, the knife broke during the first attempt.

"The tale is told of Joseph Asscher, the greatest cleaver of the day, that when he prepared to cleave the largest diamond ever known, the Cullinan, he had a doctor standing by and when he finally struck the diamond and it broke perfectly in two, he fainted dead away."
The Cullinan was split and cut into 7 major stones and 96 smaller stones. Edward VII had the Cullinan I and Cullinan II set respectively into the Sceptre with the Cross and the Imperial State Crown, while the remainder of the seven larger stones and the 96 smaller brilliants were presented to Queen Mary on 28 June 1910.

Thursday, December 29, 2016

Independence Gold Corp. - IGO.v

Independence Gold Corp. - IGO.v is advancing the flagship Boulevard Project in the White Gold District of the Dawson Range, Yukon.

The Boulevard Project is approximately 135 km south of Dawson City, 35 km south of the Golden Saddle Project (Kinross Gold Corp.) and contiguous to the Coffee Project (Kaminak Gold Corporation)

On October 12, 2016 the company released News

Independence Gold Corp. (TSX.V: IGO) ("Independence" or "the Company") is pleased to announce new gold discoveries on its 100% owned Boulevard Project, contiguous to Goldcorp Inc’s Coffee Gold Deposit in the White Gold District, Yukon. The best intercepts include 7.73 grams per tonne (g/t) gold (“Au”) across 6.1 metres (“m”) and 1.19 g/t Au over 22.9 m at the Sunset Zone, 4.36 g/t Au across 6.1 m within the Sunrise Zone, and 4.28 g/t Au over 4.6 m at the Denali Zone.









http://pennystockjournal.blogspot.com/2016/06/independence-gold-corp-igov.html

Wednesday, December 28, 2016

Ferrari 458 Speciale

The Ferrari 458 is a mid-engined sports car produced by Ferrari. The 458 replaced the Ferrari F430, and was first officially unveiled at the 2009 Frankfurt Motor Show. It is now being replaced by the Ferrari 488 GTB, which was unveiled at the Geneva Motor Show in 2015.
The 458 is powered by a 4,499 cc (274.5 cu in) V8, producing 570 PS (419 kW; 562 hp) at 9,000 rpm. The engine features direct fuel injection, a first for Ferrari mid-engine setups in its road cars.
New for the Speciale are the forged wheels, vented hood, finned side sills, taller rear spoiler and redesigned bumpers, which include active aerodynamics. The engine was revised, with power increased to 597hp at 9,000 rpm.

Silver Standard Resources Inc. - SSO.t

Silver Standard Resources Inc. - SSO.t owns and operates the Marigold mine in Nevada, U.S., the Pirquitas mine in Argentina and the Seabee Gold Operation in Saskatchewan, Canada.

On November 8, 2016 the company released News
Silver Standard Resources Inc. (NASDAQ: SSRI) (TSX: SSO) ("Silver Standard") reports consolidated financial results for the third quarter ended September 30, 2016.

Paul Benson, President and CEO said, "In the third quarter of 2016 we demonstrated increased scale and healthy margin with our record quarterly production, among other operating records. We produced nearly 113,000 gold equivalent ounces at all-in sustaining costs of $940 per ounce, and have improved guidance at our Marigold and Pirquitas mines. Importantly, we continued to drive our Operational Excellence programs, which delivered tangible results at all operations, including our updated five-year outlook at Marigold, a successful plant trial at Seabee and record production and quarterly throughput at Pirquitas."

"We further strengthened our balance sheet, which boasts $278 million of cash and cash equivalents and $178 million of marketable securities. Our three cash-flowing mines generated $53 million of operating cash flow, while we continued investing in our future. We also demonstrated once again the value held within our project portfolio with our announced project sales in the latter part of the quarter. The team delivered solid results in the third quarter and we remain focused on generating shareholder value through all parts of our business going forward."










http://pennystockjournal.blogspot.com/2015/10/silver-standard-resources-inc-ssot.html


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