Saturday, February 17, 2018

Japan Gold Corp. - JG.v

Japan Gold Corp. - JG.v is the first foreign mineral exploration company to focus solely on Japan. Japan hosts 76 known past producing gold mines, including five one-million-plus-ounce gold deposits.
Hishikari Gold Mine, Kagoshima, Kyushu, Japan Sumitomu Metal and Mining Corp
On February 5, 2018 the company released News

Japan Gold Corp. is pleased to report results from its first scout drill holes completed in late December 2017 on the Akebono prospect at its Ikutahara Project in Hokkaido, Northern Japan. The following intersections downhole were returned from the targeted epithermal quartz vein:
IKDD003: 0.45 m (true width 0.37 m) @ 29.7 g/t Au and 77g/t Ag from 39.1 m and
IKDD001: 0.4 m (true width 0.39 m) @ 4.6 g/t Au and 107g/t Ag from 17.25 m
These results support the presence of high grade gold shoots in the Akebono vein system previously indicated by historic sampling of underground workings.










Wednesday, February 14, 2018

GT Gold Corp. - GTT.v

GT Gold Corp. - GTT.v is focused on exploring for gold in British Columbia’s Golden Triangle.

The company’s flagship project is the wholly-owned Tatogga property, located off highway 37 in northern B.C. Two new discoveries were reported in 2017, a high-grade epithermal gold-silver vein system and a copper-gold-silver mineralized porphyritic intrusive.
On February 14, 2018 the company released News

GT GOLD ANNOUNCES METALLURGICAL RECOVERIES OF UP TO 98% AT SADDLE
GT Gold Corp. has provided initial metallurgical test results for the Saddle gold-silver discovery, located on the company's 100-per-cent-owned Tatogga property in northwestern British Columbia, Canada. Results show that the Saddle gold-silver mineralization is amenable to standard cyanidation processing with average recoveries of 84 per cent gold and 25 per cent silver, including numerous samples that showed recoveries of over 90 per cent, and as high as 98 per cent.

On January 29, 2018 the company released News

GT Gold Corp. is pleased to announce that Dr. Charles Tarnocai has joined the Company’s board of directors. Dr. Tarnocai has 22 years of experience in international mining and mineral exploration and was most recently Vice President, Corporate Development for Alamos Gold Inc.













https://pennystockjournal.blogspot.com/2017/07/gt-gold-corp-gttv.html

Monday, February 12, 2018

Orca Gold Inc. - ORG.v

Orca Gold Inc. - ORG.v is an exploration company focused in North and West Africa. Orca's flagship project is the Block 14 gold project, located in northern Sudan, near the border with Egypt.

A PEA was completed on the Block 14 project in July 2016 and updated in May 2017.
On February 7, 2018 the company released News

Orca Gold Inc. is pleased to report that it has received from the Government of The Republic of The Sudan an exclusive permit for the exploitation of water from the Area 5 aquifer (the "Water Permit"), first discovered by the Company in May 2017 (see Company News Release dated May 30, 2017).

The Water Permit is a strategic permit in the development of a gold mine on Block 14. It entitles the Company to extract the necessary water to support a 6 Mtpa mining and processing operation, which is the basis of the Feasibility Study in progress. The Water Permit covers an area of 980km2. Through drilling and pump testing, Orca defined a resource of 100 million cubic metres of fresh water within an area of 135km2. The aquifer is open in all directions and would be available for additional production, if required.












Sunday, February 11, 2018

Gold Mining in Sudan - terra incognita

Despite its political instability, Sudan and South Sudan’s geology hosts high quality gold deposits.

The Blue Nile and the White Nile join forces at Khartoum. It slowly makes its way through the ancient Kingdom of Kush, before releasing Sahara sediment into the Mediterranean. From the confluence at Khartoum, the river is known as the Nile.
The gold deposits in Sudan look impressive; however, the issue will always be about risk. The fact not enough modern exploration has been undertaken in Sudan, and specifically South Sudan, is why the area is attractive.

South Sudan is considered terra incognita with regard to its economic geology, and infrastructure doesn't exist. A high risk region like Sudan demands a significant premium with higher returns and a shorter investment period.
Despite Sudan’s potential, there is an absence of large exploration projects and operating mining companies. Apart from small and artisanal mining in the south, no other mines are operating in the region. In the north, closer to Khartoum, the government owned Ariab Mining Company (AMC) has been operating the Derudeb and Hassai mines for more than two decades.

Sudan is not only blessed with gold. Beryl is found in the pegmatite of the Bayuda desert in central Sudan and chromite occurs in the Ingessana Hills. Copper with grades of 4.1% was mined 200 years ago in the Hofrat En Nahas deposit, while iron (Fe) deposits are located in the area of Jebel Abu Tulu.