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Resource Increased by 97% oz of gold

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Oceana Gold reports significant increase in mineral resources at Waihi in New Zealand Oceana Gold Corporation announces an updated Mineral Resource estimate for the Martha Underground Project and recent exploration results highlighting continued high-grade gold intersections at the Company's Waihi Gold Mine located in New Zealand. Oceana Gold said, increased total Indicated Resource by 136% to 331,000 ounces of gold. Inferred indicated that increased total Resource of Waihi Gold Mine by 97% to 667,000 ounces of gold. Mick Wilkes, President and CEO, "I am very pleased to announce a further increase to the mineral resource estimate for the Martha Underground Project. Over the past two years, we have made prudent investments in extensively drilling out the mineralised structures beneath the Martha Open Pit. Since that time, we have reported dozens of significant drill intercepts and a growing resource which has now culminated into an Indicated Resource of 331,000...

Jupiter gold new gold project

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Jupiter Gold Corporation announced that it has added a new 100% primary gold project to its asset base. The area entitled encompasses more than 4,750 acres in the direct continuation of a gold trend with settler activity, a strong indicator. Samples collected by the Company from a trench opened by such settlers and analyzed in a SGS-Geosol laboratory showed results as high as 71 grams of gold per ton (“gpt Au”) in quartz veins hosted in amphibolites, phyllites, and granodiorites. Two examples of such gold-bearing rocks can be found in the photograph attached to this release. Gold mineralization occurs locally in boudined quartz veins and is believed to be due to intrusions of basic igneous rocks, similar to the auriferous mineralization seen throughout the Western Chapada Diamantina region of Brazil. It is noteworthy that there is the additional potential for the occurrence of free gold that would allow recovery using gravimetric methods. A Jupiter Gold field team he...

Gold resource of 690K tons

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A measured gold resource of 154K tonnes Measured gold volume is  almost six years of production K92 Mining announces resource estimate has been completed at its Kora North deposit, based on results from underground grade control, exploration diamond drilling and face sampling. The updated resource estimate comprises a Measured Resource of 154,000 tonnes Au, 8.9 g/t Ag and 0.5% Cu.   An Indicated Resource of 690,000 tonnes Au, 14.1 g/t Ag and 0.8% Cu and an Inferred Resource of 1.92 million tonnes of Au, 13.3 g/t Ag and 0.7% Cu. This represents an increase of over 20% in the contained gold equivalent oz for the Measured and Indicated Resource and almost 30% for the Inferred Resource. The resource estimate covers an area of approximately 400 to 500 metres along strike by 200 to 350 metres vertically, representing approximately 15% of the target area of 1,000 metres along strike by up to 1,000 metres vertically which the Company plans to drill from undergrou...