Recent High-Grade Precious Metals Discoveries...Continued

July 21, 2009



We've had so many major precious metals discovery announcements yesterday, that we had to give you a detailed update. No surprise, North America is at the heart of all the action, but more specifically our focus is on Canada where several junior exploration companies have just released astounding results...

...and the winner is Metals Creek Resources (MCREF) which announced prolific assay results of up to 64.4 grams of gold per ton. The results come from Porphyry Hill located on the Ogden Property (owned by Goldcorp) in the mineral-rich Timmins, Ontario region. The project, which just began earlier this month is part of a 2000 m diamond drilling program option agreement (with Goldcorp).

Northern Abitibi (NOMNF) continues to report stellar grades at its Viking project in Newfoundland including its most recent intercept of between 18 and 45 grams of gold per ton. Earlier this month, the company announced that it encountered even better gold grades between 25 and 98 grams per ton; and last year, grades of up to 218 grams per ton were encountered.

Yesterday Claude Resources (CGR) reported on results of its ongoing exploration program at its Seabee mine in Saskatchewan, Canada. Results ranged from 13 - 23 grams of gold per ton, somewhat higher than annual processed grades at the Seabee mill. The latest results are expected to have a "positive impact" on future gold output.

Romarco Minerals (RTRAF) released great drilling results from its Haile Mine in South Carolina. Although you may not associate gold with the Carolinas, grades at Haile have ranged from 1 to as much as 19.7 grams per ton with the largest portion measuring 8 grams per ton.

Ressources Appalaches (APP.TO - unlisted in the States) reported on drilling at its 100%-owned Dufferin mine in Nova Scotia. It continued to return high-grade gold at 7 to 12 grams per ton, which is a bit lower than grades of up to 36 grams per ton reported earlier this year.


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