Rhyolite encouraged by exploration results at Suriname gold project

Earlier this week, the company updated readers on its exploration program at the Kahuna kimberlite.

The discovery was made at the Daro project, located in the Tigray Regional State of northern Ethiopia.

Pure Gold purchased the Madsen property in 2014, advancing the project to the current development stage. 

The company stated that the region is host to numerous operating mines.

Windfall, which lies within the traditional territory of the Waswanipi Cree First Nation, is about 700 km northwest of Montreal.

The World Gold Council is funded by gold mining companies and aims to expand demand for gold.

A coalition of gold investors, including firms backed by billionaires John Paulson and Naguib Sawiris, is taking aim at mining executives who don’t have enough skin in the game.

The combination of the 4,700-hectare Troilus Gold property with the 11,309-hectare Troilus North property will create a 16,000-hectare exploration property in Quebec's Frotet-Evans greenstone belt.

The company extended known targets and discovered new high-grade vein systems at its La India gold project in Nicaragua.