The Champion Mine, which is located within 6 miles of the company's Pride of the West Mill, is located in the San Juan Mountains at Silverton, Colorado.
The board of GeoNovus has determined to no longer proceed on the letter of intent with Redhill Resources to acquire all of Redhill's rights to the Nyakagwe Project in Tanzania.
The best results include the following intervals: 3.8 grams of gold per tonne over 10.5 meters from 19.5 meters to 30.0 meters and 2.3 grams of gold per tonne over 25.0 meters from 71.0 meters to 96.0 meters.
Titanium has been awarded Canadian Patent 2 712 725 which improves solvent recovery beyond current industry practices, reducing the amount of solvent discharged to tailings ponds and the atmosphere.
20,371,549 Northern Gold shares will be issued to former Victory Gold shareholders at a deemed price of $0.37 per share to acquire a 100% interest in Victory Gold.
SRK Consulting Inc. and Ausenco Solutions Canada Inc., advise that results of the CIL Feasibility Study and PEA update are progressing well towards being available in the second half of January 2013.
Winners were announced in the fields of prospecting success, mine development, international discoveries, distinguished service, social responsibility and Aboriginal achievement in the mineral industry.