Midex Gold Corp.Provides Geological Details Outlining the Potential of The New Golden Hills Gold Property
Midex Gold Corp. management provides an overview about their recent purchase of 100percen of the Golden Hills gold property. “We are providing our shareholders with detailed geological information to show the potential that our geologists believe this property has to become a successful mining operation,” stated Morgan Magella, president of Midex Gold. Read more
Victoria Mining Company’s Lake Ground Magnetic Survey Indicates Multiple Parallel Vein Structures
GOLDEN, COLORADO–(Marketwire – Aug. 11, 2009) High Desert Gold Corporation (”HDG” or the “Company”)(TSX VENTURE:HDG)(TSX VENTURE:HDG.WT) announces the results from the initial soil sampling program at its Artillery Peak high grade gold property. The soil program demonstrates continuity along strike and indicates the potential width of the system. Gold values in soils ran as high as 0.381 grams per tonne (g/t) and defined an open-ended zone, 700 metres along strike with widths varying from 100 to 350 metres. Lake Victoria Mining Company, Inc. (OTCBB:LVCA) – The previously announced underground gold sampling program has confirmed the presence of a five kilometer long gold bearing structure at the Singida “Gold Rush” project. Read more
Lake Victoria Mining Company Begins Drilling at Geita Gold Project, Tanzania
Lake Victoria Mining Company (OTCBB: LVCA) has commenced the initial drill program on its 43 square kilometer Geita gold property in northern Tanzania and the first assay results will come out in the next 3 weeks.
Stanley Mining Service (T) Ltd has been contracted to drill approximately 6000 meters of Reverse Circulation (RC) drill holes. The program is scheduled to last for two months and consists of 35 or more drill holes reaching an average depth of 150 meters. The drill hole locations have been plotted to test for gold in key geologic and geophysical target areas and designed to encompass the three-kilometer by one-kilometer anomaly that has been identified through interpreted geophysical work. Pending assay results selected drill holes may be deepened.
The Geita area is one of the oldest and most productive gold mining areas in Tanzania and East Africa. During the last two years geologic mapping and detailed geophysical surveys have identified important and large geologic features, lying hidden below shallow surface soils that could host significant gold deposits. Large northeast and northwest trending fault-shear zones intersect and trend across our Geita property, and these structures are associated with Precambrian granitoid and microdiorite intrusives, felsic tuffs and banded iron formations that collectively form a classic geologic setting for major gold deposits in Africa, Canada, South America and Australia. Due to recent exploration success and favorable mine development regulations, Tanzania currently ranks as the third largest gold producing country in Africa, behind South Africa and Ghana.
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