GOLD MINING COMPANIES GROUP 4
NovaGold Resources Inc. (AMEX, TSX: NG) is a growth company focused on gold exploration, development and mining. The Company has one of the largest reserve/resource bases in the world relative to its peers, located entirely in North America. Over the course of 10 years NovaGold has acquired and systematically advanced a portfolio of projects to create shareholder value. NovaGold's resource base has grown from 500,000 ounces of gold in 1998 to 17.3 million ounces of P&P, 8.2 million ounces of M&I and 5.5 million ounces of Inferred gold resources today. The growth and success comes from NovaGold's experienced exploration team and its ability to forge collaborative partnerships with Native Alaskan and First Nations groups, local communities, major mining companies and regulators
NovaGold Resources Inc.
Suite 2300 - 200 Granville Street
BC, V6C 1S Vancouver Kanada
Phone: 001 604-669-6227
Fax: 001 604-669-6272
E-mail: info@novagold.net
WWW: www.novagold.net
ISIN: CA66987E2069
WKN: 905542
Entrée Gold Inc. is a Canadian mineral exploration company focused on the worldwide exploration and development of gold and copper prospects. Entrée is currently working on mineral properties located in Mongolia, China, the United States and Canada.
In Mongolia, the Lookout Hill property covers approximately 89,136 hectares and completely surrounds the 8,496 hectare Oyu Tolgoi project of Ivanhoe Mines. A portion of Lookout Hill is subject to a joint venture with Ivanhoe Mines, through its subsidiary Oyu Tolgoi LLC. The Hugo North Extension and the Heruga deposits are within the joint venture area and are part of the Oyu Tolgoi mining complex currently being developed by Ivanhoe Mines and its partner, Rio Tinto. The most recent independent Integrated Development Plan for the Oyu Tolgoi mining complex confirms the near-production and long-term importance of the Hugo North Extension and Heruga deposits. Entrée retains a 20% carried interest in the mineral resources of the two deposits.
Entrée continues to explore its landholdings in Mongolia on its 100% owned Lookout Hill West, the portion of Lookout Hill not subject to the joint venture agreement. The Company also remains active in China on the Huaixi copper project of the Zhejiang Province.
In the United States, Entrée is exploring for porphyry-related copper systems in Nevada, Arizona and New Mexico. The Company has assembled a sizeable land package in the historic Yerington copper district of Nevada. Through the acquisition of PacMag Metals Limited, Entrée holds the rights to a group of mineral titles which include the Ann Mason deposit and other significant copper projects. The Ann Mason deposit adds a significant copper-molybdenum resource to the Company’s asset base. Contiguous to the PacMag land package, Entrée also optioned the Blackjack property and the Roulette property. Potential porphyry copper targets have been identified on both properties.
In Arizona and New Mexico, Entrée has exploration rights to over 14,365 hectares of land through option agreements. On this land package, Entrée identified a new copper-gold porphyry system at the Lordsburg prospect in New Mexico. Other targets include: Oak Grove in New Mexico as well as Abbot and Dixie in Arizona.
In Canada, Entrée has the right to earn 100% interest in the early stage copper-molybdenum Crystal property located in central British Columbia.
The Company is also seeking additional opportunities to utilize its expertise in exploring for deep and/or concealed ore deposits. With a treasury of approximately C$32 million, Entree Gold is well funded for future activities.
Entrée Gold Inc. – Exploring the Possibilities
A junior resource company with operations in Mongolia, China and the USA – exploring for gold, copper, molybdenum and coal to meet the growing demand for gold and base metals around the world.
There is a massive migration of humanity taking place across the globe, unlike any seen in our collective history. Millions of people in countries, such as China, India and Brazil, are moving from rural areas to urban centres. Along with this physical movement, many of these people are improving their standard of living, creating an ever larger middle class. Increased demand for basic goods and services is expected with this growth and we have seen evidence of this in the fluctuating supply of raw materials and higher prices for commodities in recent years.
What makes Entrée Gold different from the many hundreds of junior resource companies around the world?
Entrée has an experienced board supported by a strong technical team. A substantial treasury of approximately $40 million means there is enough money available to fund future operations and consider potential acquisitions. Two 43-101 compliant indicated and inferred resources have been identified on Entrée’s Lookout Hill property in Mongolia by Entrée’s joint venture partner, Ivanhoe Mines. These resources are part of a long term development plan to create a mining operation which is capable of fueling Mongolia’s economy for decades to come. In addition, Ivanhoe Mines and Rio Tinto are major shareholders, owning 15% and 16% of our issued and outstanding shares respectively.
Guyana Goldfields Inc. is a Canadian based mineral exploration Company primarily focused on the exploration and development of gold deposits in the Guiana Shield of South America. The Guiana Shield is in the northern part of the Amazon Craton and covers parts of Guyana, Venezuela, Suriname, French Guyana and northern Brazil. The Company holds advanced exploration projects in various stages of development and has been operating in Guyana continuously since 1996.
Guyana Goldfields Inc.
141 Adelaide St. West
Suite 1205
Toronto, ON., M5H 3L5 | Telephone: (416) 628 5936
Fax: (416) 628 5935
Email: info@guygold.com |
For Investor Queries Please Contact:
Director of Investor Relations
Jacqueline Wagenaar
Tel: 416-628-5936 Ext 2295
Email: jwagenaar@guygold.com
Due to the remote location of the Aurora deposit, developing a robust and reliable infrastructure has been a critical element to Guyana Goldfields’ success since the Aurora Gold Project began. It is anticipated that this will be the premiere project of its kind and will serve as a model for future development in Guyana. Project plans include a Hydropower Feasibility Study for a 25 megawatt hydroelectric facility, 31 km of new all-weather roads, and a port facility.
Power
Guyana Goldfields is currently carrying Heavy Fuel Oil (HFO) in the cost structure for the Aurora Gold Project. With guidance from the International Financial Corporation (IFC) of the World Bank Group, our mission is to use the latest technology to create a power source that is both environmentally and economically sound. The IFC is currently sharing 50% costs of the Hydropower Feasibility Study conducted by MWH that is due to be completed Q3 2010.
The optimum site both technically and economically is the Julian Ross Itabu River location. At this site, the installed capacity is calculated to be 25MW.
The feasibility study will provide greater detail and accuracy on all aspects of the hydroelectric project at the Julian Ross Itabu River location. The study and subsequent construction will be performed in accordance with international engineering standards. A preliminary environmental evaluation will be conducted and will be followed by a more detailed environmental impact assessmen
Guyana Goldfields currently has a temporary 600 ft airstrip at the Aurora site. This airstrip provides quick access for freight and personnel from nearby airports. The Company will be building a permanent 1,200 ft airstrip in a more optimal location to handle larger aircrafts.
The road network throughout Guyana has improved greatly in the last five years. The Barama Logging concession has opened up new year-round roadways throughout much of western Guyana. A 31km road is currently being set in place by Guyana Goldfields that will link the Aurora Project site to the new Barama road network.
The Wharf
Guyana Goldfields has acquired ownership of an 50 acre property on the Essequibo River. With 2000 ft of deep water frontage the proposed port will be able to accommodate all ocean- going vessels and provide easy access for shipments to or from Europe, North America, and other International ports.
Communications
Our camps and office have high speed internet and utilize satellite phone service. Future improvements are expected throughout the country as Guyana and Suriname plan to invest a combined $60 million in an undersea fiber optic cable to improve phone and internet service.
Kirkland Lake Gold is an operating and exploration gold mining Company located (as shown on the accompanying diagram) in Kirkland Lake, Ontario. The Company's property holdings of 13,110 acres include all five of the historic mines in the Kirkland Lake camp that produced 24 million ounces of gold grading 0.48 ounces per ton from the Main/'04 Break. Kirkland Lake Gold returned to gold production on the Main/'04 Break from the #3 shaft on the former Macassa property in 2005 and launched a major exploration program that discovered new high grade gold mineralized structures to the south, named the South Mine Complex. The Company's corporate goals are to expand and develop it's gold production in a two phases of growth to reach a range of 180,000 - 200,000 ounces per year.
On January 12, 2010 Kirkland Lake Gold announced 2 new significant drill holes. Drill hole 53-1520 intersected 6.14 ounces of gold per ton (opt) uncut (1.87 opt cut) over a core length of 13.7 feet (estimated 11.8
On January 12, 2010 Kirkland Lake Gold announced 2 new significant drill holes. Drill hole 53-1520 intersected 6.14 ounces of gold per ton (opt) uncut (1.87 opt cut) over a core length of 13.7 feet (estimated 11.8 ... more
Lake Shore
The Lake Shore mine is located in the center of the Kirkland Lake camp bounded to the west by the Teck-Hughes mine and to the east by the Wright-Hargreaves mine. Lake Shore may be thought of as the "crown jewel" of the Kirkland Lake camp, for it was by far the largest gold producer, producing 8,499,199 ounces at a grade of 0.51 oz/T from continuous production from 1918 unti1 1965.
This is almost twice the total number of ounces produced from the neighboring second highest producer, Wright-Hargreaves, and represents 36% of the total ounces produced from the entire camp. Additional amounts were recovered from pillars in later years.
Harry Oakes discovered gold on claim L1557, in 1911. In 1913 Harry Oakes purchased the adjoining claim to the west (Ll6635). From 1914-1918 the No.1 Shaft was developed to 400 feet on the South (No.1) Vein Zone and 7,464 feet of underground development on levels at 100, 200, 300, and 400 feet was carried out. A 65-ton mill was installed and milling began in 1918. All work was carried out by Lake Shore Gold Mines Limited.
From 1919-1965 the mine was eventually serviced by four surface shafts and three internal shafts. The original No.1 Shaft and its extension were both inactive during the latter years of operations. The No.4 Shaft, collared at 4,325-foot level, took the workings to a depth of 8,150 feet. Underground development was carried out on 57 levels and, during the life of the mine, totaled 279,238 feet of drifting, 108,317 feet of crosscutting, and 154,547 feet of raising. Milling capacity was gradually increased to a maximum of 2,400 tons per day and production was continuous until the mine closed in July 1965. Ore from the Wright-Hargreaves Mine was treated at the Lake Shore mill from 1957 until the closure of that mine in March 1965.
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