YRI, IAU, NRN
It will be strange not having Yamana Gold aka YRI around anymore. I have owned shares a few times, doing fairly well with them, and have always kept half an eye on them as representative of a certain size and style of gold miner. But clearly Gold Fields International want to move up the rankings among the big boys, and this purchase gives them a long-desired foothold in the Americas. FWIW, the analyst reports I have seen though GFI offered a fair price, but it would not be surprise to see another bid come in.
Message 33864196
I-80 Gold aka IAU brought us another update from their Granite Creek gold property in Nevada, from which they plan to start underground mining shortly There are two zones of untapped mineralization near existing underground workings at Granite Creek, SPZ and Ogee. This PR concerns results from drilling right next to that existing infrastructure, including 13.3 g/t Au over 13.1M, 20.3 g/t Au over 7.5M, and 10.1 g/t Au over 17.5M, all from just one of the holes. Ore will begin being trucked to NGM's nearby mill within the next few months. Meanwhile IAU will continue drilling as well as extending the underground workings and completing a feasibilty study.
Message 33864350
Northern Shield Resources aka NRN released a PR concerning its Root & Cellar gold/copper prospect in Newfoundland. This ever hopeful bunch of geologists in now concentrating on sampling to follow up on last year's drilling and geophysics at the Conquest Zone, where they have been successful in finding mineralized boulders and outcrops, albeit with no assays yet. They are now starting to make noises about a feeder zone, but these folks have said all sorts of promising things about a variety of prpoerties without ever finding anything substantial.
Message 33864365 |
