GOLD, ORFG.PK, & PAAS: Randgold Resources’ discovered a world-class gold deposit at Gounkoto

July 30, 2010 - PRLog -- Randgold Resources is an African focused gold mining and exploration company with primary listings on the London Stock Exchange and Nasdaq.

Randgold Resources’ recent discovery of a world-class gold deposit at Gounkoto in western Mali confirms the region’s potential for further finds of this size, chief executive Mark Bristow told a media briefing here today.

Gounkoto is located 25 kilometres south of Randgold’s Loulo complex, currently being expanded into a megamine with two open-pit and two underground operations. The feasibility study on Gounkoto is scheduled for completion by the end of this year, and Bristow said at this advanced stage all indications pointed to a substantial high-grade orebody with relatively simple metallurgy, capable of being converted into a low-cost, long-life open pit and underground mine.

Bristow noted that since its establishment 15 years ago Randgold Resources had been built into a substantial African business which had attracted investment from the world’s primary capital markets into the development of Africa’s mineral resources. The company also owns the Morila mine in Mali and is currently commissioning a new mine at Tongon in the Côte d’Ivoire. It also has a 45% stake in the Kibali project in the Democratic Republic of Congo, one of Africa’s largest undeveloped gold deposits.

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Orofino Gold Inc (Pinksheets: ORFG.PK) is a precious metals acquisition, exploration, and development company that’s offering investors a golden opportunity.

When the dollar is devalued, the price of gold goes up as this metal becomes a safe haven for traders. Orofino Gold Corp. knows the value of gold in today’s economy and has recently signed an option agreement to acquire several properties in Colombia, a current hot spot of gold production.
Results from mineralized and un-mineralized material samples, as well as selected representative samples collected from its Colombian projects that ran higher than expected in gold, silver and copper, give the precious metals acquisition, exploration, and development company four very strong targets and two extremely rich structures to target for gold and copper. 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.

ORFG is a precious metals acquisition, exploration, and development company.



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Pan American Silver Corp.

Pan American Silver’s mission is to be the world’s largest and lowest cost primary silver mining company by increasing its low cost silver production and silver reserves. The Company currently has eight silver mining operations in Mexico, Peru, Argentina and Bolivia. The Company is also advancing the La Preciosa joint-venture silver project in Mexico and the 100% owned Navidad silver project in Argentina.

Pan American Silver Corp. recently reported that its unaudited 2010 second quarter results will be released on Wednesday, August 11, 2010 after market closes. A conference call and live audio webcast to discuss the results will be held on Thursday, August 12th at 11:00am Pacific Time (2:00 pm Eastern Time).






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