Orofino Gold Corp., (Pinksheets:
Orofino will now implement an airborne magnetometer program, as well as begin site preparation for the diamond drilling planned to take place in the second quarter of 2010.
Gold has a lot of uses besides as a currency, or medium of exchange, Gold is used for rings, watches, and necklaces, its main use is mostly jewelry, but gold leaf is used in some foods, gold also is used in a lot of high end electronics because it is a good conductor.
Gold is useful in making ornaments, decorative linings and in electrical contacts for better conductivity. Gold could also be used with TV’s, phones, and many other items.
Great Basin Gold Ltd. (Amex: GBG) announces progress in the delivery of the capital projects at its Burnstone Mine development project in South Africa.
Eskom, the state energy provider, has informed the Company that final arrangements have been made to tie the Burnstone project in to the national electricity grid on August 8, 2010, which is a delay of approximately 2 weeks with a resultant delay in plant start up. The establishment of bulk electrical power infrastructure to the Burnstone Mine by Eskom is well advanced. The main distribution substation at Burnstone site is complete and the receiving infrastructure being part of the Eskom line project is ready to receive electrical power. Power supply to Burnstone is enabled through the execution of a two phased project, with phase 1 the delivery of a single line, designed to carry the full demand (51 megavolt-amperes (MVA), scaled from 21 MVA initially and building up to the full requirement as production builds up. Phase 2 is the construction of a second, identical, line with the aim of mitigating the risk of power outages to the mine and region. This second line will not increase the capacity of the supply, but is aimed at security of supply, commensurate with Eskom's risk and safety policies.
Claude Resources Inc. (Amex:CGR) recently reported new exploration results from its ongoing underground drill program at the 100 percent owned and operated Seabee and Santoy 8 Gold Mines.
Claude Resources Inc. is a public company based in Saskatoon, Saskatchewan, whose shares trade on the Toronto Stock Exchange (TSX-CRJ) and the NYSE Amex (NYSE Amex-CGR). Claude is a gold exploration and mining company with an asset base located entirely in Canada. Since 1991, Claude has produced approximately 900,000 ounces of gold from its Seabee mining operation in northeastern Saskatchewan. The Company also owns 100 percent of the 10,000 acre Madsen property in the prolific Red Lake gold camp of northwestern Ontario and has a 65 percent working interest in the Amisk Gold Project in northeastern Saskatchewan.
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