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Posts Tagged ‘Yamana Gold’

DrStockPick Update On Precious Metals Mining Companies MRGP, NGD and AUY.

Sunday, August 8th, 2010

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Mercer Gold Corporation (MRGP.OB) has recently reported results from 63 surface samples taken in the course of 1:5000 scale mapping of the surface at the Guayabales Gold Project.

All 4 of these samples locations lie between 500 and 1000 meters west of and well outside the previously defined areas of interest on the east side of the property. The extreme lack of outcrop due to soil cover makes it impossible to determine the extent of mineralized zones indicated by these samples. Systematic soil sampling, now in progress, is expected to provide additional information in these areas lacking bedrock outcrops.

A soil sampling program covering the entire property at sample spacing of 100 x 100 meters is underway at the Guayabales Gold Project. The sample collection program is more than 50% complete. 125 samples have been delivered to the laboratory and the remaining samples will be delivered at the completion of the program.

In the coming weeks, activities will include detailed geological mapping, and follow-up rock chip and channel sampling and the channel sampling within the identified areas of interest within the property. Mercer Gold plans to commence a 5,000-meter drill program at the Guayabales project in mid-October.

Mercer’s geochemical samples were collected in accordance with accepted industry standards and procedures. The samples were submitted to the ISO 9001:2000 accredited SGS Laboratories in Medellin, Colombia for analysis: gold was analyzed by fire assay with an AAS finish, and multi-element analyses were determined by ICP MS/AAS techniques. Mercer conducts routine QA/QC analyses and analysis of all assay results, including the systematic utilization of internal duplicate samples, blanks samples and certified reference materials.

Mercer Gold Corporation is focused on gold exploration and resource definition in Colombia. The Company acquired the prospective Guayabales Project, located in the Marmato Gold District, Department of Caldas in 2010. Mercer is exploring the Guayabales property and is seeking to acquire additional prospective gold properties in Colombia.

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New Gold Inc. (AMEX:NGD) recently reported an update on the second quarter performance of the company’s three operating assets, with 2010 second quarter gold sales of 82,402 ounces at a total cash cost(1) of $490 per ounce, net of by-product sales. The preliminary production, sales and total cash cost information provided are approximate figures and may differ slightly from the second quarter earnings results.

New Gold is an intermediate gold mining company with the Mesquite Mine in the United States, the Cerro San Pedro Mine in Mexico and Peak Gold Mines in Australia. The company is expected to produce between 330,000 and 360,000 ounces of gold in 2010, growing to over 400,000 ounces in 2012. In addition, New Gold has a strong portfolio of development and exploration assets in North and South America.

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Yamana Gold, Inc.(NYSE:AUY) is a Canadian-based gold producer with significant gold production, gold development stage properties, exploration properties, and land positions in Brazil, Argentina, Chile, Mexico and Colombia.

Yamana Gold plans to continue to build on this base through existing operating mine expansions, throughput increases, development of new mines, the advancement of its exploration properties and by targeting other gold consolidation opportunities with a primary focus in the Americas.

Yamana Gold reported that it has further increased its dividend. All dollar amounts are expressed in United States dollars unless otherwise specified.

Yamana Gold’s Board of Directors has approved an increase in Yamana’s dividend to an annualized $0.08 per share, or $0.02 per share per quarter. This represents a 100 percent increase over the 2009 annualized dividend of $0.04 per share, or $0.01 per share per quarter and a 33 percent increase over the annualized dividend increase to $0.06 per share, or $0.015 per share per quarter announced last quarter.

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THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

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Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. DrStockPick.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold DrStockPick.com report and Crown Equity Holdings, Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at http://drstockpick.com/disclaimer ) . Rule 17B requires disclosure of payment for investor relations.  Crown Equity Holdings, Inc. (CRWE.OB) is a newswire as well as an IR and PR firm. Crown Equity Holdings, Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news.  As such, in some cases, when Crown Equity Holdings, Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings, Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B.  The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings, Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period. Crown Equity Holdings, Inc. (CRWE.OB) has received ten thousand dollars in cash from a third party (Stock Group AG) for (1) day of advertising for Mercer Gold Corporation, (MRGP.OB)

 
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Gold Mining Stocks Are Shining Once Again! MRGP.OB SMNG.PK NYSE:AUY

Friday, August 6th, 2010

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Mercer Gold Corporation (MRGP.OB) reported additional surface sampling results from its recently completed mapping and sampling at the Guayabales Gold Project, located in the Marmato Gold District of Colombia.

Mercer Gold had previously announced results from 63 surface samples taken in the course of 1:5000 scale mapping of the surface at the Guayabales Gold Project. Results have been received for the final 18 samples with 4 samples being of special interest. Assay results ranged from 0.02 to 2.39 g/t for gold and <0.2 to 1782 g/t for silver. Samples GB 64, 76, 77 and 78 all reported gold assay values in excess of 1 g/tonne. Sample GB 77 also reported in excess of 50 ounces of silver per tonne (57.3 oz/ton).

“These results are encouraging considering they are from various parts of the property that were unexplored. I’m looking forward to seeing the results from our geochem program that ran across the entire property at 100-meter spacing. All of this work is in anticipation of a 5,000 meter drill program tentatively scheduled to begin October 15th, 2010,” says Rahim Jivraj, President.

Mercer Gold Corporation is focused on gold exploration and resource definition in Colombia. The Company acquired the prospective Guayabales Project, located in the Marmato Gold District, Department of Caldas in 2010. Mercer is exploring the Guayabales property and is seeking to acquire additional prospective gold properties in Colombia.

The Company’s Chief Geologist, Keith A. Laskowski, MSc., is a Qualified Person for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. He has reviewed and verified the technical information contained in this news release.

 

 

Strategic Mining Corp. (Pink Sheets:SMNG) has completed construction of a new field office on the Nat Son gold property in Vietnam. Buildings for large equipment storage and workers housing facilities were also completed.

Strategic Mining has been working diligently to have the infrastructure ready for the commencement of drilling operations and future mining activity on the property. The drill program is targeted to begin in October of this year.

President Todd Sterck commented: “We are excited about the early completion of our new buildings. With the infrastructure in place, the company is in an ideal position to initiate our drill program this fall.”

Strategic Mining Corporation is engaged in the exploration and development of gold properties in Vietnam, the US (Nevada/Utah) and Africa. The company intends to expand by acquiring mineral rights to other key properties and by initiating strategic joint ventures.

 

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Yamana Gold, Inc.(NYSE:AUY) is a Canadian-based gold producer with significant gold production, gold development stage properties, exploration properties, and land positions in Brazil, Argentina, Chile, Mexico and Colombia.

Yamana Gold plans to continue to build on this base through existing operating mine expansions, throughput increases, development of new mines, the advancement of its exploration properties and by targeting other gold consolidation opportunities with a primary focus in the Americas.

Yamana Gold reported that it has further increased its dividend. All dollar amounts are expressed in United States dollars unless otherwise specified.

Yamana Gold’s Board of Directors has approved an increase in Yamana’s dividend to an annualized $0.08 per share, or $0.02 per share per quarter. This represents a 100 percent increase over the 2009 annualized dividend of $0.04 per share, or $0.01 per share per quarter and a 33 percent increase over the annualized dividend increase to $0.06 per share, or $0.015 per share per quarter announced last quarter.

The dividend increase will be in effect for the third quarter dividend, payable on Thursday, October 14, 2010, to holders of record at the close of business on Thursday, September 30, 2010. The dividend is an “eligible dividend” for Canadian tax purposes.

Yamana Gold is committed to delivering value to shareholders including cash value by means of dividends and it will continue to periodically evaluate the dividend level as its cash flows increase.

 

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THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

 

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Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. DrStockPick.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold DrStockPick.com report and Crown Equity Holdings, Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at http://drstockpick.com/disclaimer ) . Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings, Inc. (CRWE.OB) has received ten thousand dollars in cash from a third party (Stock Group AG) for (1) day of advertising for Mercer Gold Corporation, (MRGP.OB)

 
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SILA.OB, NYSE:AUY and AMEX:DNN Stock Watch On Mining Companies From DrStockPick.com

Sunday, August 1st, 2010

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Gold American Mining (SILA.OB) is committed to the ongoing acquisition and exploration of holdings which are rich in gold and silver production potential. The company’s current holdings include the Nevada-based Keeno Strike Property and the Guadalupe Property in Mexico, located about five miles north of the Fresnillo (Proaño) Mine. Gold American is currently reviewing additional gold/silver prospects of interest in Nevada, Mexico, and other regions marked by stable politics, sound economies and friendly business relations.

Gold American recently entered into a $7.5 million equity financing agreement with a European institutional investment group that specializes in backing precious metals and mining ventures. The company has received funds in the amount of $300,000 by virtue of this agreement and still has a balance of $7.2 million to call upon to fund its exploration and acquisition strategy.

Gold American’s Keeno Strike Property, located 30 miles southwest of Las Vegas, is in a mining district that has produced significant quantities of both gold and silver, and also contains deposits of copper, cobalt, nickel, zinc, and lead. The property covers 245 acres of the historic Monte Cristo mine and Keeno-mint prospect. Exploratory work will consist of testing the potential for 1.1 million ounces of gold, and 69 million ounces of silver.

The Guadalupe Property is located in central Mexico, in one of Mexico’s oldest mining districts. Just a few miles north of the world’s richest underground silver mines, this property contains two historic mines. The Juanicipio Joint Venture, held by MAG Silver Corp. and Fresnillo plc., is only 6.8 miles to the southwest, and has an indicated resource average grade of 879 g/t of silver, which is roughly twice the grade of Fresnillo’s other producing mines in the region, making the project’s Valdecañas Vein one of the world’s highest grade undeveloped silver resources.

Yamana Gold Inc. (NYSE: AUY) is a Canadian-based gold producer with significant gold production, gold development stage properties, exploration properties, and land positions in Brazil, Argentina, Chile, Mexico and Colombia. Yamana plans to continue to build on this base through existing operating mine expansions, throughput increases, development of new mines, the advancement of its exploration properties and by targeting other gold consolidation opportunities in the Americas.

Yamana has six core producing mines, Chapada, Jacobina and Fazenda Brasileiro located in Brazil, El Penon and Minera Florida in Chile, and Gualcamayo located in Argentina. In addition, the Company has seven development stage projects, C1 Santa Luz, Mercedes, the tailings reprocessing project at Minera Florida, Ernesto/Pau-a-Pique, QDD Lower West, Pilar and Caiamar, as well as a robust exploration portfolio.

Denison Mines Corp. (AMEX:DNN) is pleased to report that the summer drill program has discovered two new mineralized zones at the extreme northeast and southwest edges of the presently defined Phoenix trend.

At the northeast edge of the Phoenix trend (Zone D in the attached map) basement-hosted mineralization was discovered in the WR-309A area. WR-325 located a deep zone of strongly altered graphitic pelite, with three low-grade intersections within a 66 metre continuous core length at a depth of 100 metres beneath the much larger silicified cap. The graphitic zone contained elevated equivalent uranium values over the full 66 metres, but less than the cut-off of 0.05% eU3O8. To date this is the only hole to have tested this graphitic stratigraphy, and it is now an important high priority target exhibiting potential for both unconformity and basement-hosted mineralization.

Drilling to the southwest of the Phoenix trend discovered new mineralization, shown as Zone C on the attached map. WR-328 intersected 9.65% eU3O8 over 0.8 m from 374.4 m, with an alteration signature indicating the start of a new zone.

Both these zones are open along strike and confirm Denison’s belief that the Phoenix discovery is a major deposit with now four discrete zones of mineralization over a length of 1,300 metres.

The Phoenix deposits are located on the Wheeler River property which is located between the McArthur River Mine and Key Lake mill complex. Denison is the operator and holds a 60% interest in the Wheeler River Property. Cameco Corporation holds a 30% interest and JCU (Canada) Exploration Company, Limited holds the remaining 10% interest.

Denison Mines Corp. is a mid-sized uranium producer in North America, with mining assets in the Athabasca Basin region of Saskatchewan, Canada and the southwest United States including Colorado, Utah, and Arizona. The Company also has ownership interests in two of the four conventional uranium mills currently operating in North America. Denison also has a portfolio of exploration and development projects in the United States, Canada, Mongolia and Zambia.

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THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

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Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. DrStockPick.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold DrStockPick.com report and Crown Equity Holdings, Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at http://drstockpick.com/disclaimer ) . Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings, Inc. (CRWE.OB) has received eight thousand dollars in cash from a third party (Winning Media) for (7) days of advertising for Gold American Mining Corp (SILA.OB)

 
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ORFG.PK, NYSE:AUY, AMEX:PLM Market Updates On Mining Companies.

Thursday, July 29th, 2010

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Orofino Gold Corp. (PINK OTC:ORFG) has several Gold development properties in Colombia, a current hot spot of gold production in the world markets.

With the frequent occurrence of the very high grade gold vein systems in the central area of its Senderos de Oro project and with several small scale grinding and amalgamation mills in-place, Orofino is planning to design a central processing and recovery facility that is modular in design (each additional module added creates 10,000 ounces of annual production) and will be capable of processing enough high grade material to produce up to 120,000 ounces of gold annually while the Company continues to explore further the Primary Porphyry Target which is the bulk minable gold/copper porphyry systems.

The company has reviewed several engineering and design firms with gold production facilities design and operational experience and is currently creating a short list prior to engaging the design team. Orofino intends to continue the relationships currently enjoyed with all government agencies, the local communities, as well as current production teams and will involve these groups in all major processing and production planning decisions.

Ownership of gold and silver, along with quality precious metals mining shares, is becoming one of the hottest investments on the planet.

The early adopters, who wisely purchased their positions before the masses come, will sleep well at night while others fret and worry as they watch the purchasing power of their savings evaporate like water in the desert.

Gold offers a safe way to hedge against these falling flat currencies.

 

 

 

Yamana Gold Inc. (NYSE: AUY) is a Canadian-based gold producer with significant gold production, gold development stage properties, exploration properties, and land positions in Brazil, Argentina, Chile, Mexico and Colombia. Yamana plans to continue to build on this base through existing operating mine expansions, throughput increases, development of new mines, the advancement of its exploration properties and by targeting other gold consolidation opportunities in the Americas.

Yamana has six core producing mines, Chapada, Jacobina and Fazenda Brasileiro located in Brazil, El Penon and Minera Florida in Chile, and Gualcamayo located in Argentina. In addition, the Company has seven development stage projects, C1 Santa Luz, Mercedes, the tailings reprocessing project at Minera Florida, Ernesto/Pau-a-Pique, QDD Lower West, Pilar and Caiamar, as well as a robust exploration portfolio.

Yamana Gold Inc. reported that its second quarter results will be released after market close on August 4, 2010 followed by a conference call on August 5, 2010 at 11:00 a.m. ET.

 

 

PolyMet Mining Corp. (AMEX:PLM) reported recently that the state and federal government agencies responsible for the Environmental Impact Statement (EIS) reviewing PolyMet’s copper-nickel-precious metals project will complete the EIS process by preparing a supplemental draft EIS that incorporates the proposed US Forest Service (USFS) land exchange and expands government agency cooperation.

The USFS will join the US Army Corps of Engineers (USACE) as a federal co-lead agency through the completion of the EIS process. In addition, the U.S. Environmental Protection Agency (EPA) will join the effort as a cooperating agency. The Minnesota Department of Natural Resources (DNR) remains the state co-lead agency.

The PolyMet project comprises the Erie Plant and the nearby NorthMet copper-nickel-precious metals ore-body, located near Hoyt Lakes in the established mining district of the Mesabi Iron Range in northeastern Minnesota.

PolyMet began the environmental review process in 2004. The analysis is contained in more than 100 technical studies totaling approximately 14,000 pages that were the basis for the draft EIS.

PolyMet Mining Corp. is a mine development company that controls 100% of the NorthMet copper-nickel-precious metals ore body through a long-term lease and owns 100% of the Erie Plant, a large processing facility located approximately six miles from the ore body in the established mining district of the Mesabi Range in northeastern Minnesota.

**************************************************************

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

 

drstbc

 

Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. DrStockPick.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold DrStockPick.com report and Crown Equity Holdings, Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at http://drstockpick.com/disclaimer ) . Rule 17B requires disclosure of payment for investor relations.

 
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