Recent High-Grade Precious Metals Discoveries

August 31, 2009


Rubicon Minerals (RBY) just updated us on its ongoing drilling project at Phoenix Gold at Red Lake, Ontario. Results measured more high-grade gold between 3.21 and 46.37 g/t. Moreover, recent drilling revealed a 21% increase in the strike length of the gold vein, suggesting higher gold resources than previously imagined.

Romarco Minerals (RTRAF) released more promising news from its Haile Gold Project in South Carolina. This time, assay results indicated high-grade gold between .9 and 33.7 g/t and confirmed an extension of the Ledbetter pit/gold zone in all directions as well as the presence of gold in the area between both Ledbetter and Snake zones.

Today's news of Aurizon's (AZK) high-grade gold discovery of 3 to 11.8 g/t gold at its Joanna Project in northwestern Quebec is only one reason for excitement. Results also suggest significant gold mineralization farther to the south, thus extending the gold zone.

Today Lake Victoria Mining (LVCA) announced assay results showing high-grade gold in samples of rock dump piles at its Singida Gold Project in Tanzania. An average of 3 g/t of gold was measured, similar to previous assay results from various samples on the property. Earlier, the company released assay results from its Kinyambwiga Gold Project which averaged roughly 3.5 g/t gold, including samples with as much as 13 g/t.

Last week, US Gold (UXG) announced further positive results from samples at its El Gallo property in Sinaloa, Mexico. Discoveries of high-grade silver between 89 and 1350 g/t were found after measuring 10 samples of Phase I testing.




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