Editor’s Note: Mining Minutes is the latest feature launched by Kitco News to keep our readers up to date on activities in the mining industry. Mining Minutes will provide news briefs on production and investment developments in the mining industry. Kitco News would appreciate any comments on the feature to be sent to mediafeedback@kitco.com

Solid Gold: Wahgoshig First Nation Bring Motion To Delay Drilling At Lake Abitibi Property

Monday, November 21, 2011 12:59 PM

Toronto-based Solid Gold Resources Corp. (TSX-V: SLD.V) says that the Wahgoshig First Nation brought a motion to delay drilling at Solid Gold’s Lake Abitibi property. A hearing date for Dec. 1 is scheduled. The company will continue to drill until a decision has been rendered by the court. If a decision is  rendered in favor of the Wahgoshig First Nation, the company will be forced to stop work and  the delay will be in place until the courts deem that the proposed work will not adversely impact an established Aboriginal treaty right in the development of land or resources. The company says it is seeking open discussions and information sharing among the First Nation, the Ministry of Northern Development, Mines and Forestry and the company.  Solid Gold is a junior mining exploration and development company, their current prospect is located in the Lake Abitibi region near the Porcupine Fault zone in Northern Ontario.

By Cecilia Tulikowski-Denison of Kitco News; ctulikowski@kitco.com

 

Centurion Minerals Ltd. Intersects Significant Gold Assays From Its Banda Raya Property

Monday, November 21, 2011 12:32 PM

Vancouver-based Centurion Minerals Ltd. (TSX-V: CTN.V ) says that it has intersected significant gold mineralization from its Banda Raya property located in the Northern Sumatra region of Indonesia. The results confirm the potential of a much larger epithermal gold mineralization present within the area. Highlights from assay results extracted from 105 rock samples show that eight samples returned 14.5 grams per ton gold, 18 samples graded between 1.0 g/t gold and 3.9 g/t gold and 17 samples graded up to 0.9 g/t gold, all of the samples were taken over a one meter sawn rock channel. The balance of the samples graded at less than 0.1 g/t gold. Alfred Lenarciak, Centurion’s chairman, says that the results “validate our geological teams' efforts to 'cover the last mile' in challenging terrain and we are eager to advance the exploration program in order to determine the size of this gold prospect.” The company is currently preparing a first-phase drilling program in the area to commence as quickly as possible. Centurion Minerals is an Indonesian-based and Canadian headquartered company focused on the procurement, exploration and development of gold projects in Indonesia.

By Cecilia Tulikowski-Denison of Kitco News; ctulikowski@kitco.com

 

Silvermex Drills Gold, Silver At La Guitarra

Monday, November 21, 2011 10:46 AM

Silvermex Resources Inc. (TSX:SLX) says that the company’s current 7,500 meter drill program returned gold and silver results at its La Guitarra project in Mexico. Highlights include 4.32 grams per ton gold and 424.6 g/t silver over 1.69 meters, 7.99 g/t gold and 424.2 g/t silver over 0.88 meters and 2.0 g/t gold and 813.9 g/t silver over 1.05 meters, the company says. “This program has been very successful in complementing the results of previous drilling and has helped to improve confidence in vein continuity and grade, as many of the previous holes were widely spaced,” says Duane Nelson, chief executive officer of Silvermex. “Additional drilling is justified both along strike and to depth and is currently in progress.” Silvermex is a Canadian-based mining company with projects located in the Temascaltepec Mining District of Mexico.

By Alex Létourneau of Kitco News; aletourneau@kitco.com

 

BonTerra Assays High-Grade Gold At Eastern Extension Property

Monday, November 21, 2011 10:19 AM

BonTerra Resources Inc. (TSX:BTR) (FRANKFURT:9BR) reports assay results taken from three drill holes at the company’s Eastern Extension property in Quebec, Canada. Assays ranged from 11.25 grams per ton gold to 44.80 g/t gold, the company says. The sample with the highest gold grade is in the deepest of these three veins, the company says. BonTerra is now awaiting the final lab samples from the 2011 drill campaign and is working on a new NI 43-101 inferred resource calculation, the company says. BonTerra is a Canadian-based gold exploration company with projects located in the Abitibi Greenstone Belt in Quebec, Canada.

By Alex Létourneau of Kitco News; aletourneau@kitco.com

 

Balmoral Intersects High-Grade Gold At Martiniere West

Monday, November 21, 2011 9:47 AM

Balmoral Resources Ltd. (TSX:BAR) says that they have drilled high-grade gold at the company’s Martiniere Gold Zone expansion in Quebec, Canada. Highlights include 44.97 grams per ton gold over 2.33 meters as well as 0.73 g/t gold over 108.50 meters including 9.30 g/t gold over 2.99 meters, the company says. “The continued expansion of the high-grade Martiniere West Gold Zone and the identification of additional gold mineralized structures in close proximity provides Balmoral with a potential high value lead asset at the core of one of the largest land positions in Canada's foremost gold belt,” says Darin Wagner, president and chief executive officer of Balmoral Resources Ltd. Drilling will stop for the rest of the year due to the ground freezing but will resume in early 2012, the company says. Balmoral is a Canadian-based precious metals exploration and development company with projects in Quebec and Ontario, Canada.

By Alex Létourneau of Kitco News; aletourneau@kitco.com

 

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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