With further quantitative easing action looming, gold is rebounding and prices have hit five-month highs in recent days.
Proactiveinvestors’ One2One Forum provides the perfect opportunity to get a real understanding of the gold market’s dynamics through informative, top-notch industry speakers, who will examine the challenges and opportunities that lie ahead, while also addressing business strategies and solutions.
The next One2One Investor Forum will be held at the Metropolitan Hotel in Vancouver, at 645 Howe Street, in the Vancouver Room, on September 24. It promises to be an interesting affair, with three compelling investment opportunities on hand for attendees.
The format is simple: each company has about 20 minutes to update our audience followed by 10 minutes of Q&A. Once both companies have presented, complimentary canapés and beverages are available for 90 minutes during a break-out session, where attendees can mingle with other guests, or ask more questions to the presenters.
Three ambitious companies will present at our One2One Forum in Vancouver. They are:
Asante Gold Corporation (CVE:ASE), a junior gold exploration and development company headquartered in Vancouver, B.C. Its current focus is Ghana, West Africa where it is exploring the Fahiakoba concession, which adjoins to the north of Perseus Mining's new 288,000 oz/year Edikan Mine.
Most recently, Asante Gold started the second phase of its initial 5,000 metre diamond drill program at its Fahiakoba concession in Ghana at the end of August. A total of 2,500 metres in 12 holes is expected to be completed during the phase.
The junior gold explorer launched its 5,000 metre maiden diamond drill program at the property in March after its IPO in February. First pass results from the drilling included intersections of 0.50 metres at 289.50 grams per tonne (g/t) gold, 0.65 metres of 11.1 g/t gold and 1 metre of 7.34 g/t gold, all within a few hundred metres of surface.
The northeast corner of the property rests just 14 kilometres from the AngloGold (NYSE:AU) Obuasi mine, the longest producing, highest grade and largest gold resource in West Africa.
Following Asante Gold will be Otis Gold Corp. (CVE:OOO), a Canadian mineral exploration company with a portfolio of quality precious metals projects located in Idaho and Nevada.
In late July, Otis Gold unveiled an updated NI 43-101 resource estimate for its Kilgore gold deposit located in Clark County, Idaho. The Kilgore gold deposit contains an indicated resource of 520,000 ounces gold in 27.35 million tonnes at a grade of 0.59 grams per tonne (g/t) gold, representing an increase of 138 per cent in the number of ounces and 328 per cent in the number of tonnes compared to the deposit’s 2002 estimate.
Additionally, Kilgore has an inferred resource of 300,000 ounces gold in 20.23 million tonnes at a grade of 0.46 g/t gold, representing an increase of 12 per cent in the number of ounces and 131 per cent in the number of tonnes versus the 2002 estimate.
The company noted that this is its first resource estimate since acquiring the property in late 2008. It includes all historical drilling plus an additional 92 core holes drilled between 2008 through 2011, and uses a gold cut-off grade of 0.24 g/t.
Wrapping up the presentations will be Sunridge Gold Corp. (CVE:SGC), a mineral resource company focused on the exploration and development of its 100% owned Asmara project in Eritrea.
Late last month, Sunridge Gold said that the Eritrean government plans to acquire a 30 per cent paid interest in the company's Asmara project.
The 30 per cent interest owned by the Eritrean National Mining Corp (ENAMCO) would be in addition to the government's existing right to get a 10 per cent non-assessable stake that will be carried to production by participating partners.
The terms of the acquisition have not yet been established, Sunridge said, and will be determined through negotiations.
The Asmara project consists of four mineral deposits, the Emba Derho, Debarwa and Adi Nefas copper-zinc-gold and silver deposits, and the Gupo gold deposit, all located within 40 kilometres of the capital city of Asmara.
The results of a preliminary feasibility study that considered all deposits being processed at a central mill were announced in May, and showed production of 365,000 tonnes of copper, 812,000 tonnes of zinc, and 415,000 ounces of gold and 11 million ounces of silver over a 15.25 year mine life.
The report also projected a pre-tax net present value of $555 million at a 10 per cent discount rate and an initial capital cost of $489 million.
Sunridge is now completing a feasibility study on the project, which is planned for completion in 2013, subject to financing. Application for a mining license and permitting will follow this study.
The mineral exploration and development company also has exploration properties in Madagascar.
Presentations at the One2One forum in Vancouver will start at 1:30 p.m. and finish at 3 p.m. After the presentations are complete, the directors will also be available to take questions during a free canapé and wine reception. Light refreshments will also be served during the event.
While the event is FREE to attend, registrations are essential. This event does reach capacity, so to secure your seat, please register here now: http://forms.sign-up.to/signup.php?fid=2704&pid=7163
We look forward to seeing you there!