Issue link: http://resourceworld.uberflip.com/i/102869
Eurasian Minerals Inc. [EMX-TSXV; EMXX-NYSE MKT] is developing joint venture projects in frontier mineral belts. Their JV with Newmont Mining Corp. requires Newmont to fund 100% of designated properties in Haiti. Newmont must spend $30 million over six years on La Miel, Eurasian's flagship project in Haiti. Trenching in 2007 gave results of 243 m of 1.71 g/t gold. Their exploration portfolio covers 130 km of strike length. The JV has signed a Memorandum of Understanding with the Haitian government, which allows exploration while a Mining Convention is implemented. Eurasian also holds the Grand Bois Project as a 100% asset since Newmont gave up its interest in the project. Everton Resources Inc. [EVR-TSXV; EVRRF-OTCQX; ERV-Frankfurt] holds 4,045 hectares adjacent to the Pueblo Viejo Mine with their APV Project. There is a potential for a porphyry system or smaller feeder zones to extend to the Everton APV. There is a small mined out open pit which contained 250,000 oz gold with grades of about 15 g/t in the Pueblo Viejo property less than 400 m from the Everton boundary. The challenge Everton faces is to allocate drilling resources to locate smaller, high-grade, feeder zones or to try deep drilling through the silica cap to locate potential extensions of a porphyry system. Hole APV 11-33 intercepted four thick intervals of strongly anomalous gold and copper, including 54.00 m of 0.29 g/t gold and 0.12% copper. Everton completed 6,000 m of drilling on APV South and Central, as well as 6,000 m at La Lechoza (North). La Lechoza, located just north of Pueblo has NI 43-101 inferred resources of 979,000 tonnes of oxides grading 0.86 g/t gold, 17.7 g/t silver together with inferred resources of 1,225,000 tonnes grading 0.2 g/t gold, 5.03 g/t silver and 0.57% copper. Everton has also done 3,375 m of drilling on the nearby La Cueva Project which returned 10.5 m grading 2.96 g/t gold, 104.9 g/t silver, 2.03% copper and 9.41% zinc. FDG Mining Inc. [FDG-TSXV] is exploring their flagship Topacio Project in eastern Nicaragua, Central America. FDG can earn 100% by paying US $3 million to IMISA (a NOVEMBER 2012 private Nicaragua Corp), together with US $120,000 per year, plus a 3% NSR upon production. FDG recently released a NI 43-101 inferred resource of 2.7 million tonnes grading 3.97 g/t gold containing 344,664 oz gold. This resource is within 150 metres of surface and at least 30% is amenable to open pit mining. Firestone Ventures Inc. [FV-TSXV; F5V-Frankfurt] has a large land package throughout a zinc-lead-silver carbonate district of Guatemala extending over 250 km that has seen little exploration. Their flagship property, the Torlon Hill Project, has road access 22 km from the Pan American highway. Torlon Hill has NI 43-101 measured and indicated resources of 1.9 million tonnes grading 7.32% zinc, 2.41% lead and 14.25 g/t of silver. The deposit is open to the south and west. In addition, the Quetzal Project a historic high-grade zinc-lead-silver producer has underground tunnel chip samples averaging over 14.2 m 18.5% zinc, 2.4% lead and 57 ppm of silver. G4G Resources Ltd. [GXG-TSXV] in partnership with Iron Sands Americas, holds reconnaissance licences to 250 km of Guatemala's Pacific coastline of iron sands. Goldcorp Inc. [G-TSX: GG-NYSE] operates the Marlin Mine in Guatemala about 300 km northwest of Guatemala City. It is mining 6,000 tpd and will be stopping open pit operations to do only underground mining. It has proven and probable reserves of 1.250 million oz gold and 53.9 million oz silver. Goldcorp also has the high-grade gold Cerro Blanco Project 80 km east of Guatemala City with indicated resources of 1.3 million oz gold (grading 15.6 g/t) and inferred resources of 0.7 million oz gold (grading 15.3 g/t). Golden Reign Resources Ltd. [GRRTSXV] is exploring a land package of 138,000 hectares in Nicaragua. It's flagship project is the 80%-owned San Albino Mine Project, where a 25,000-metre drill program is underway. About 120 holes have been completed with a highlight being SA 12-46 which cut 20.7 g/t gold and 16.6 g/t silver over 5.5 m. The San Albino Zone now extends for 600 m. A resource estimate is expected later this year once the drill program is completed. A 10,000-metre drill program is planned at the Las Conchitas Project 1.5 km south of San Albino Mine. This is planned to follow drill results TR-1 which intersected 7.0 m of 7.6 g/t gold and 5.5 g/t silver. Goldex Resources Corp. [GDX-TSXV; G6T-Frankfurt] is exploring projects in Guatemala. Their most important project, El Pato, has road access and power lines, 110 km east of Guatemala City. It has historic inferred resources of 430,000 oz gold grading 7 g/t gold from work done in the 1980s and 1990s by the UN and Guatemala government. (A 1% NSR royalty is payable to the Guatemala government and a US $1/ oz of gold produced royalty is payable to El Condor Resources for gold from their property). Exploration done by Goldex indicates a gold mineralization corridor with four zones extending over 6 km. Surface sampling at El Pato has shown surface veins 0.15-1.5 m in thickness with surface sampling returning 35.1 g/t gold and 41.7 g/t silver over 1.0 m together with spectacular results of 410 g/t gold and over 200 g/t silver over 0.4 m. Goldex staked La Chorrera Project in 2010 which adjoins the El Pato Project. GoldQuest Mining Corp. [GQC-TSXV; M1W-Berlin:Frankfurt] is a success story for persistence, longer term vision and overcoming challenges in the development of projects in Dominican Republic. GoldQuest started in 2001, moved in 2003 to start an alliance with Gold Fields [GFIJSE, NYSE, GFI-DUBAI], which in 2006 was changed to an earn in agreement subsequently terminated in 2009. In August GoldQuest released NI 43-101 inferred resources for La Escandalosa Sur of 3.1 million tonnes grading 3.14 g/t gold, 2.56 g/t silver, 0.18% copper and 0.24% zinc. Also on the same date, indicated resources for Las Animas Project were 1 million tonnes grading 2.81 g/t gold, 49.5 g/t silver, 2.4% copper and 2.57% zinc. GoldQuest recently reported a drilling highlight from LTP-103 which intersected 231.6 m grading 2.04 g/t gold and 0.30% copper. Much of the excitement for GoldQuest is related to results from their www.resourceworld.com 33