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Colt Resources Intersects High-Grade Gold At Boa Fe

Friday, December 14, 2012 11:59 AM

Colt Resources Inc. (TSXV: GTP) intersected high-grade gold within the Banhos Deposit at its wholly owned Boa Fe gold project in southern Protugal. The best drilling results showed 8.39 grams per ton gold over 6.88 meters as well as 33.2 g/t gold over 1.7 meters, the company says. "The drilling program at Banhos has significantly increased our confidence and understanding of this zone that was only partially tested before Colt's involvement and despite our extensive drilling campaign the deposit remains open down dip and along strike,” says Nikolas Perreault, president and chief executive officer of Colt. “The deposits currently being drill tested will form the basis of our next NI 43-101 compliant mineral resource estimate scheduled to be prepared during Q1 2013.” Colt Resources Inc. is a Canadian junior exploration company engaged in acquiring, exploring, and developing mineral properties with an emphasis on gold and tungsten.

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


Bralorne Drills High-Grade Gold At Bralorne Mine

Monday, December 17, 2012 10:46 AM

Bralorne Gold Mines Ltd. (TSXV: BPM) drilled high-grade gold at its Bralorne mine operation, located in British Columbia. Highlights include 409.5 grams per ton gold over 1.2 meters as well as 11.8 g/t gold over 1.9 meters the company says. “Surface drilling commenced in the Bralorne-Pioneer gap area on Sept. 3 after the permit was received,” the company says. “Two holes were completed and one hole was abandoned, for a total of 618.4 meters drilled.” Bralorne is a Canadian-based exploration company focused on its Bralorne mine operation near Gold Bridge, British Columbia.

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


Balmoral Intersects High-Grade Gold At Martiniere

Monday, December 17, 2012 10:33 AM

Balmoral Resources Inc. (TSXV: BAR) intersected high grades of gold from its Bug Lake area of the company’s Martiniere Property, located in Quebec. The highest grades intersected were 23.82 grams per ton gold over 6.73 meters as well as 16.53 g/t gold over 6.21 meters, the company says. "As exciting as the Martiniere area results continue to be, the best news for our shareholders as we head into 2013 may be that these discoveries occupy less than 0.5% of our extensive land holdings along the Detour Gold Trend and that we are fully funded to continue aggressive expansion/exploration of the Martiniere discoveries and this outstanding land package through 2013,” says Darin Wagner, Balmoral’s president and chief executive officer. Balmoral is a Canadian-based precious metals exploration company focused in Quebec.

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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