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Evolving Gold (EVG:TSXV) Hits 158 Meters at 2.64 gpt Gold; Goes “Beyond The Press Release” In Interview With AGORACOM

Posted by AGORACOM at 11:08 PM on Wednesday, February 3rd, 2010


Good evening to you all.  Earlier today, AGORACOM Client Evolving Gold Corp released the final 23 holes at its Rattlesnake Hills project and released some spectacular intercepts such as 158 meters at 2.64 gpt Au, which includes 16.8 meters at 10.31 gpt Au.

As always, assume I am horribly conflicted by the fact that Evolving Gold is a client of AGORACOM and do your own due diligence.  To help you get started, I’ve included a link to the press release below.  More importantly, I’ve also included a link to a 9-minute interview with EVG President and Chief Geologist, Quinton Hennigh, in which he discusses the importance of these results in layman’s terms.  If you are interested in Evolving Gold, this is a very worthy use of 9-minutes of your time.

Evolving Gold Releases Final 23 Holes at Rattlesnake Hills

  • 158 meters at 2.64 gpt Au, includes 16.8 meters at 10.31 gpt Au
  • 82 meters at 3.00 gpt Au, includes 6.1 meters at 16.97 gpt Au
  • 120 meters at 1.64 gpt Au, includes 12.2 meters at 8.25 gpt Au
  • 201 meters at 1.08 gpt Au

Quinton Hennigh, president and chief geologist goes “Beyond the Press Release” to discuss today’s results.

See what Peter Grandich has to say

Evolving Gold Corp. IR Hub

Evolving Gold Corp. Profile

Evolving Gold Corp. Discussion Forum

Evolving Gold Corp. is a client of AGORACOM

Congratulations to Robert, Quinton and the entire team on these great results.

Regards,
George

Posted in All Recent Posts, Gold $1,000 | No Comments »

Evolving Gold Intersects 115 meters of 1.35 gpt Gold

Posted by AGORACOM-Andreas at 2:15 PM on Thursday, January 14th, 2010

AGORACOM Client – Evolving Gold Intersects 115 meters of 1.35 gpt Gold at their Rattlesnake Hills, WY Project.

Drill results for the North Stock target continue to define a main zone of gold mineralization along the southern boundary of the diatreme with long intersections of continuous gold mineralization which contain intervals with grades in excess of 5.0 gpt Au, consistent with results previously reported for this target.

Highlights include:

    -   DDH RSC-070 - 115.8 meters at 1.35 gpt Au (380 ft at 0.039 opt),
        including 30.5 meters at 2.65 gpt Au (100 ft at 0.077 opt), which
        also includes 9.1 meters at 6.42 gpt Au (30 ft at 0.187 opt).

    -   DDH RSC-056 - 117.4 meters at 1.20 gpt Au (385 ft at 0.035 opt),
        including 64.0 meters at 1.71 gpt Au (210 ft at 0.050 opt), which
        also includes 9.1 meters at 4.25 gpt Au (30 ft at 0.124 opt).

    -   DDH RSC-053 - 53.4 meters at 1.42 gpt Au (175 ft at 0.041 opt),
        including 27.4 meters at 2.41 gpt Au (90 ft at 0.070 opt). RSC-053
        also intersected mineralized porphyry at depth (205.8 meters,
        675.2 ft) south of the diatreme, which returned 9.1 meters at 6.42
        gpt Au (30 ft at 0.187 opt).

    -   DDH RSC-056 and RSC-070 demonstrate extension of higher gold grades
        at North Stock to depths of at least 250 meters (820 feet).

Evolving Gold Corp. IR Hub

Evolving Gold Corp. Profile

Evolving Gold Corp. Discussion Forum

Evolving Gold Corp. is a client of AGORACOM

Posted in Gold $1,000 | No Comments »

New Dawn Increases Gold Production Capacity at Turk Mine in Zimbabwe by 43%

Posted by AGORACOM-Rody at 10:30 AM on Wednesday, January 13th, 2010

With Gold priced over $1100 $USD/oz, Gold producing companies like AGORACOM client New Dawn Mining benefit from high gold prices. This is even more compelling, when the Company releases news that it had a 43% Increase in Gold Sales for the Quarter. Assume I am horribly conflicted by the fact that New Dawn Mining is an AGORACOM client and do your own due diligence. Here is an excerpt of the New Dawn press release:

New Dawn Reports Gold Sales from its Turk Mine in Zimbabwe for the Quarter ended December 31, 2009

43% Increase in Gold Sales for the Quarter

Highlights:

-Gold sales of US$3,969,338 for the quarter ended December 31, 2009, as compared to US$2,779,692 for the quarter ended September 30, 2009, an increase of 43%

-3,239 ounces of gold produced for the quarter ended December 31, 2009, as compared to 3,064 ounces of gold produced for the quarter ended September 30, 2009, an increase of 5.9%

-Average price per gold ounce of $1,101 during the quarter ended December 31, 2009, as compared to $956 for the quarter ended September 30, 2009

-At December 2009 month-end, an additional 393 ounces or 12.2 kg’s of gold awaited export for sale in South Africa, and will be included in January 2010 sales

-100% of gold sales were received in US Dollars

January 13, 2010 - New Dawn Reports Gold Sales from its Turk Mine in Zimbabwe for the Quarter ended December 31, 2009

Link to Hub/ Link to Profile/ Link to Forum

Posted in Gold $1,000 | No Comments »

Why Gold Will Hit $2,000 In 2010 and Possibly $4,000 Thereafter As China / USA Engage In Game Of Currency Chicken

Posted by AGORACOM at 10:52 AM on Sunday, November 29th, 2009

Jim Rickards, director of market intelligence for McLean, Virginia-based consulting firm Omnis, was on CNBC recently repeating his very compelling case for gold.   I stress “repeating” because gold “extremists” are typically not welcome on CNBC, yet in an appearance back in September - GATA reported the following -

Rickards was asked to analyze an essay published in the Wall Street Journal by Fed Governor Kevin M. Warsh – the Fed governor who acknowledged to GATA that the Fed is concealing records of its gold swap arrangements with foreign banks.  Rickards construed Warsh’s essay to mean that the Fed will be seeking to regulate the gold price closely even as the Fed needs to devalue the dollar by about half over the next 14 years to restore solvency to the United States.

…… Central bankers, he added, now plan to turn the International Monetary Fund’s Special Drawing Rights into the new world reserve currency replacing the dollar, a new round of money printing to create some stability in the world financial system during the dollar’s steady but gradual and controlled devaluation.

On his latest CNBC appearance, Rickards states that gold should easily reach $2,000 per ounce next year just as a matter of supply and demand.  However, given the fact the United States and China are devaluing their currencies against each other in a game of chicken, gold could start being considered money again, leading to a price between $4,000 and $11,000 to support the big increase in the world’s money supply.

Whether you agree with him or not, his latest CNBC interview is a must watch.  He is articulate and, as you can see from the response of fellow panelists, very well respected.  You can watch Rickards’ comments at the CNBC archive below.

Regards,
George

Posted in All Recent Posts, Gold $1,000 | No Comments »

AGORACOM Chief Commentator, Peter Grandich, Talks $1,200 Gold With The Street.com – But Fears $5,000 Gold

Posted by AGORACOM at 1:48 AM on Tuesday, November 24th, 2009

If you don’t follow Peter Grandich’s blog, then you are missing out on what is arguably the best gold analyst we have seen over the last several years.  He is quoted in the media so often that I can no longer keep up.  Wall Street Journal, Marketwatch, BNN – you name it, they are calling him.

To this end, please find enclosed a video of his latest commentary on TheStreet.com. Though Grandich is not betting on $5,000 gold and frankly wouldn’t want to live in a world that will have gone terribly wrong for gold to be at those prices, he is sticking with his $1,200 target by the end of the year.

He find support for his bullish stance on gold in the fact that it is no longer the domain of so called “extremists” that were laughed at when they predicted $1,000 gold a few hundred dollars ago. Specifically, he cites long-respected Wall Street stalwarts turned gold bulls such as:

  • Paul Tudor Jones
  • John Paulson
  • David Einhorn

Each of these men spoke about their recent conversion to bullish gold in this great article over at CBS Marketwatch.  This is a must read because these are some pretty great investors – just don’t forget the fact that Peter Grandich has been long on gold for several hundred dollars longer.

Way to go Petey!

Regards,
George

Posted in AGORACOM In The Press, All Recent Posts, Gold $1,000, Online Gold Conference | No Comments »

New Dawn Increases Gold Production Capacity at Turk Mine in Zimbabwe by 45%

Posted by AGORACOM at 2:40 PM on Wednesday, November 18th, 2009

(ND:TSX)

With gold continuing to make new highs, companies like AGORACOM client New Dawn Mining are going to benefit, especially with news like this (see below).  As always, assume I am horribly conflicted by the fact that New Dawn Mining is an AGORACOM client and do your own due diligence.

To begin your DD, make sure to review my blog coverage of New Dawn Mining.

One thing is certain.  There is no escaping the fact that New Dawn is a real company with real gold production and real revenues.  In fact, the company has only served to increase production for 7 consecutive months now.  The fact that New Dawn can finance expansion of processing capacity from their own cash flows is proof positive of their success.

It’s up to you to decide what you are willing to pay for these fundamentals.

With respect to today’s press release, highlights include:

· Processing capacity at Turk Mine increased to 580 tonnes per day, a 45% increase from previous processing capacity of 400 tonnes per day

· Expansion of processing plant at Turk Mine fully funded from operating cash flows

· Installed production capacity at Turk Mine now at 22,000 to 23,000 ounces of gold per annum

Click on link below to read entire press release:

November 18, 2009 - New Dawn Increases Gold Production Capacity at Turk Mine in Zimbabwe by 45%

Link to Hub/ Link to Profile/ Link to Forum


Posted in All Recent Posts, Gold $1,000 | No Comments »

Summing up Gold In One Picture

Posted by AGORACOM at 1:52 PM on Wednesday, November 18th, 2009

Great shot.

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Melkior Resources Joins AGORACOM 100 With $3.3 Million And Key Northern Ontario Projects

Posted by AGORACOM at 10:38 AM on Tuesday, November 17th, 2009

I am pleased to announce that  Melkior Resources (MKR: TSXV) is the newest member of The AGORACOM 100.  With $3.3 million in the treasury and large holdings in McFaulds Lake and the Timmins Mining Camp, Melkior is AGORACOM 100 material.

In addition, the company has now commenced an online investor relations program, which speaks volumes about the company’s confidence. Why? When a company decides to make itself open and accessible to investors from around the world, you have to believe they are confident in their future and want to communicate accordingly.

As always, assume I am horribly conflicted by the fact Melkior is now a client of AGORACOM and do your own due diligence.  Here are some of the things we like about the company:

HIGHLIGHTS

Melkior is a Canadian resource exploration company with diversified properties with exposure to gold, base metals, and uranium, all located in the provinces of Ontario and Quebec. For investors concerned about geo-political risk in far away nations, Quebec and Ontario add a great deal of comfort.  Large land holdings in key exploration areas include McFaulds Lake and the prolific Timmins mining camp.

· Key gold exploration in the West Timmins discovery area

· In the past 3 years, more than 7541 metres of drilling has been conducted on the property by Melkior, with over 90% of the holes encountering gold.

· Drill cores intersected significant gold values including 60.27 g/t over 1.8 metres and 19.8 g/t over 3.3 metres. Grab samples assaying gold values of up to 843.7 g/t, 280.13 g/t and 245.03 g/t.

· Over 9000 hectares (90sq km) in Timmins – one of the largest land positions in West Timmins

· $3,300,000 in treasury


Recent News:

Melkior Starts 4000 Metres Drilling in Carscallen West Timmins
8:00 AM ET, November 17, 2009

Melkior Sampling Returns 13.75g/t Gold at Launay
8:00 AM ET, October 9, 2009

Melkior Resources: Full Profile
Melkior Resources: HUB
Melkior Resources: Shareholder Forum

Posted in AGORACOM Clients (New), All Recent Posts, Gold $1,000 | No Comments »

Fire River Gold Joins AGORACOM 100 With New TSX Venture Listing, 43-101 and Potential Gold, Copper, Silver Production

Posted by AGORACOM at 3:11 PM on Monday, November 16th, 2009

I am very pleased to announce that Fire River Gold Corp (FAU:TSXV) is the newest member of The AGORACOM 100 – and represents an extremely fresh opportunity for investors.  Why? The Company just listed on the TSX Venture Exchange on November 12 and has followed that up with an online investor relations program, which speaks volumes about the company’s confidence.  Why? When a company decides to make itself open and accessible to investors from around the world, you have to believe they are confident in their future and want to communicate accordingly.

As always, assume I am horribly conflicted by the fact that Fire River is an AGORACOM client and that we have participated in this private placement.  As such, do your own diligence, which I am going to kick start by giving you the following overview and bullet point highlights:

FAST OVERVIEW

Fire River Gold Corp. completed its IPO at the end of May 2009 and is the newest member of the International Metals Group, (www.internationalmetalsgroup.com) giving it access to a well established team with over 100 years of experience working in Alaska. The primary focus of FAU is the exploration and development of gold projects in North America. The recently acquired Nixon Fork Gold Mine in Alaska has the potential to be a near term gold producer.  If the company can realize this potential, their timing couldn’t be better with gold trading north of $1,140 as of the time of this post.

The Company is presently negotiating additional advanced stage gold projects in North America. Management’s objective is to make FAU a North American gold producer in the next 18 months.

PROPERTY HIGHLIGHTS

Nixon Fork Project:

  • Near Term Gold-Copper-Silver Producer
  • Fully Constructed 200+ tpd Mill
  • Permitted and Bonded
  • Turn-key Mining-Milling Operation
  • Mine Fully Permitted and Bonded
  • Significant Exploration Upside

Golden Zone Project:

  • NI 43-101 compliant mineral resource
    • 255,100 contained ounces of gold
    • 1.39 million ounces of silver
    • 7.29 million pounds of copper
  • 14 targets are identified
  • 2009 program in progress
  • Excellent infrastructure, road access to property, 12 miles from major highway and railroad, power nearby

Link to Hub / Link to Profile / Link to Forum

Regards,
George

Posted in 43-101's, AGORACOM Clients (New), All Recent Posts, Gold $1,000 | No Comments »

Goldcorp Acquisition of Canplats Resources Continues Pierre Lassonde’s Peanut Butter Manifesto

Posted by AGORACOM at 1:39 PM on Monday, November 16th, 2009

Back in April 2008, I posted a story titled:  3-Way Junior Mining Consolidation Is Pierre Lassonde’s “Peanut Butter Manifesto”

Let the fly by nights die, consolidate those with decent assets and let the superstars stand up on their own two feet.
Quality over Quantity folks. It is that simple.

If you’re asking what the heck does peanut butter have to do with the junior resources space, have a read of the post.  In the meantime, I’m pleased to see continued follow-through on my call for consolidation in the space.  Today, Goldcorp agreed to acquire Canplats Resources in a deal worth about $238 million.  This is great news for the space as it will surely lead to further money injected into juniors with highly prospective projects.  Ironically enough, the story contained a quote from Pierre Lassonde who seems to have his finger on the very pulse of this consolidation trend:

Bullion producers including Goldcorp and Barrick Gold Corp., the largest producer by market value, may attempt to take
over smaller companies in the next two months to boost output amid dwindling supplies and rising prices, Franco-Nevada
Corp. Chairman Pierre Lassonde said in an interview last week.

On that note, I can’t help but mention the fact this could not be better timing for the AGORACOM Online Gold & Commodities Conference.  Emphasis on the online element of the conference as it will allow investors from anywhere in the world to participate and connect with great companies and keynote speakers from their PC.  Click on the banner for full information … and yes, it is free to investors!

Regards,
George

Posted in All Recent Posts, Gold $1,000, Junior Resource Manifesto | No Comments »

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