Erdene Resource moving forward with flagship project in Mongolia

Lake Shore Gold Corp. (TSX:LSG) announced results from six drill holes (3,035 metres) from the 730 Level at the Thunder Creek Project with four holes (1,060 metres) being collared underground and two holes (1,975 metres) on surface. The holes are part of a continuing drill program to define the overall geometry and grade of the Porphyry and Rusk Zones near the 730 elevation in order to complete an initial National Instrument 43-101 compliant resource estimate. The Thunder Creek project is within the company's Timmins West Gold Complex near Timmins, Ontario.

Start-up of the mill is now planned following completion of service repairs that were initiated in last fall. Underground development material has been stockpiled at the surface for mill feed. By the end of February, a total of 11,866 tonnes (13,080 tons) of material was stockpiled at an estimated average grade of 12.5 grams per tonne (0.365 oz/ton) gold. The total to date of the stockpile plus the underground broken inventory currently stands at 20,500 tonnes (22,678 tons) at an estimated average grade of 12.4 grams per tonne (0.363 oz/ton) gold.

Astur Gold, based in Vancouver, is exploring for gold in northern Spain. The company’s Salave property is located a few kilometres from the village of Tapia on the Spanish coast. The company has released its preliminary economic assessment. Astur Gold CEO Cary Pinkowski talks about the study:

Newcrest today reported a staggering intersection of copper gold - 883 metres grading 2.15% copper and 2.23 grams/tonne gold at its Wafi-Golpu project. The project is part of the Morobe Joint Venture with Harmony Gold of South Africa and Wafi-Golpu is seen as the next project to develop after the now established Hidden Valley gold project in the Morobe region.

Tasman Resources says the latest drilling on its Vulcan prospect near Olympic Dam shows evidence of “significant” iron oxide copper gold uranium […]

The latest reports out of China put consumer gold demand in the first 2 months of the current year at a phenomenal […]

Vancouver-based Monument Mining Ltd. is moving ahead with a Phase 3 expansion plan for its Selinsing mine and gold treatment plant in Malaysia. The expansion includes an additional milling, gravity and leach circuit. The expansion will lift the treatment plant capacity from 400,000 tonnes per year to 1 million tpa.

NovaGold Resources said Thursday it plans to "vigorously defend " a lawsuit filed against the company by Copper Canyon Resources Ltd. The notice of claim filed by Copper Canyon "alleges that Copper Canyon's right of first refusal with respect to the Copper Canyon property has been triggered as a result of arrangements between NovaGold and the Galore Creek Partnership, and seeks specific performance of the right of first refusal. NovaGold denies that the right has been triggered or that it has breached any obligations respecting the Copper Canyon property."

Romios Gold Resources announced that a 2010 mapping project from the British Columbia Geological Survey confirmed Romios' previous claims that the Dirk property mineralization is analogous to and may be as large as the Galore Creek project. Samples collected by Romios from the Dirk property produced numerous anomalous values including a 3.0 metre chip sample of 6.21% Cu, 0.57 g/t Au, and 44.1 g/t Ag. The BCGS also reports values up to 21 ppb platinum and 64 ppb palladium from samples that they collected from the Dirk property.