Galway intersects 11.6 g/t Au over 19.0 m, expands Machuca

Galway Resources Ltd. (GWY:TSX-V) is pleased to announce assay results from an additional 43 diamond drill holes (17,527.8 meters) at its California gold-silver property in Colombia. The California property is located adjacent to, and on strike with the La Bodega/La Mascota deposit (acquired for $1.5 billion in cash by AUX Canada). Galway's property is at the lowest elevation among the major deposits identified along the California gold trend. Galway also owns a 360 meter-long fractional land position that appears to be directly within AUX's La Mascota mineralized structure. Galway is also exploring the Vetas property, which hosts the El Volcan mine located 8 km southeast of California and is the largest gold producer in the region.

Published: 06 September 2012
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Northquest Ltd. intersects 164 metres grading 5.39 grams gold per tonne in drill hole PB-12-09 at the Vickers Target, Pistol Bay Gold Project, Nunavut, Canada

Northquest Ltd. (TSXV:NQ.V - News), (FWB-N3Q) ("Northquest" or "the Company") announces that it has completed approximately half of its planned drilling program at the Pistol Bay Gold Project, Nunavut, Canada.  The project consists of 575 square kilometres of mineral rights covering a 35 kilometre strike length of a 2 kilometre wide alteration zone known as the Pistol Bay Corridor which contains numerous gold occurrences.  The current drilling program is focussed on the Vickers, Bazooka, and Sako gold occurrences. To date the Company has completed 2,400 metres of drilling and anticipates that approximately 3,500 to 4,000 metres of drilling will be completed by the end of the 2012 drilling season.

Published: 06 September 2012
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Argentex Continues to Identify Silver and Gold Mineralisation at Pinguino including 2 m @ 281.5 g/t Ag and 5.62 g/t Au

Argentex Mining Corporation ("Argentex" or the "Company") (TSX VENTURE:ATX)(OTCQB:AGXMF) is pleased to announce the first results from the Phase VIII reverse-circulation ("RC") drill program conducted at its 100%-owned silver-gold and polymetallic Pingüino Project, located in Santa Cruz, Argentina. These results are from the first 30 holes (3,004 m) of the 93-hole (8,410 m) RC drill program completed in June 2012.

"The Phase VIII program was designed to expand areas of mineralisation previously identified as significant for precious metals in known veins and to further test new veins. It was very successful on both counts.

Published: 06 September 2012
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Keegan Provides Esaase Project Review Update

 
Keegan Resources Inc. (TSX:KGN)(NYSE MKT:KGN)(NYSE Amex:KGN) ("Keegan" or the "Company") is pleased to provide an update on activities currently being undertaken to maximize the value of the Company's Essase Gold Project in Ghana, West Africa. Over the last several months the Company has undertaken an extensive re-examination of the development options for the Essase project with a goal of minimizing capital requirements while improving project economics. The Company believes this process has been successful and has re-focused its development plan for Esaase looking at two primary areas:
Published: 06 September 2012
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Alder Discovers Bonanza Grade Gold Zone Including 8 Metres at 29.54 G/T Gold at Rosita Project, Nicaragua

Alder Resources Ltd. ("Alder" or the "Company") (TSX VENTURE:ALR) is pleased to present assay results for core hole D914 completed in the Rosita D Concession, in northeast Nicaragua. Located along the western side of the Santa Rita pit (see figure 1), the drill hole intersected 8 metres grading 29.54 grams per tonne ("g/t") gold ("Au") from 240 metres. The intercept includes a 2 metre interval from 241 metres, averaging 110.68 g/t Au, which is comprised of two, 1-metre segments assaying 139.29 g/t Au and 82.07 g/t Au, respectively. If cut to 30 g/t Au, the 8-metre interval grades 9.38 g/t Au. This high grade intercept occurs in garnetite skarn and skarn breccia, containing a stockwork of calcite+quartz+sulphide veinlets with visible gold noted locally in the drill core. The hole was drilled obliquely to the interpreted northwest trend and the true width of this intercept is unknown. Further drilling is required to delineate the geometry of this zone.

Published: 05 September 2012
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