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GOLD RESOURCES – Lac Pelletier, Sao Jorge, Buckreef and Nome

Thanks to the continuing strength of gold prices, more companies in more corners of the world are advancing project...


Thanks to the continuing strength of gold prices, more companies in more corners of the world are advancing projects to the resource estimate stage. Here are a few that might be worth keeping an eye on.

ALEXIS MINERALS of Toronto has released numbers for its Lac Pelletier gold property in the Rouyn-Noranda camp of northwest Quebec.
Measured: 61,000 tonnes at 6.19 g/t Au at all cutoff grades.
Indicated: 1.18 million tonnes at 6.05 g/t Au at a cutoff of 3.00 g/t.
Inferred: 491,140 tonnes at 5.17 g/t Au at the 3.00 g/t cutoff.
Together the measured and indicated resources contain approximately 240,000 oz of gold. Historical resources were estimated at 501,596 tonnes grading 8.10 g/t Au.

BRAZMIN CORP., which maintains offices in Toronto, is exploring its Sao Jorge gold property in Brazil’s Para State. The latest figures are for the Wilton zone over a strike length of 700 metres and to a depth of 236 metres.
Indicated (saprolite to 100 metres): 500,000 tonnes at 1.30 g/t Au.
Indicated (bedrock below 100 metres): 4.50 million tonnes at 1.18 g/t Au.
The indicated resource for both types of rock totals 5.00 million tonnes at 1.19 g/t. All numbers were compiled using a 0.50 g/t Au cutoff grade.

Toronto-headquartered IAMGOLD has updated the numbers for its Buckreef gold project in Tanzania, south of Lake Victoria.
Measured: 3.35 million tonnes at 2.7 g/t Au.
Indicated: 10.61 million tonnes at 1.9 g/t Au.
Inferred: 13.22 million tonnes at 2.4 g/t Au.
Altogether the property may contain 1.95 million oz of gold. IamGold is committed to a US$4.2-million drilling program leading to a feasibility study in the first half of 2007.

Vancouver’s NOVAGOLD RESOURCES reports that there are as many as 21 million oz of gold in its Nome deposit in Alaska, according to its updated resource figures.
Measured: 79.10 million m at 0.32 g/m Au.
Indicated: 83.8 million m at 0.28 g/m Au.
Inferred: 30.6 million m at 0.27 g/m Au.
The Nome resource is an alluvial deposit, hence the reporting in cubic metres. Historically, it produced more than 4 million oz of gold.


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