Discovery Group is launching its first seminar of an Educational Series meant to simplify the technical aspects of Mineral Exploration, which will give you the tools to read news releases, understand maps and fully evaluate what’s happening in this exciting sector. (more…)

Committee Bay Resources (CBR-TSXV) has hit New High Grade Gold Intersections at West Plains project in Nunavut territory Canada. (more…)

Kaminak Gold Corporation (KAM: TSXV) today announced that Fugro Ltd. has completed a 1,156 line kilometer airborne magnetic and electromagnetic survey over Kaminak’s 100% owned Sy Gold Property, located in the Kivalliq Region of Nunavut Territory, Canada. Gold targets have now been outlined along a thirty kilometer segment of the Yathkyed Lake Greenstone Belt.

-Kaminak Gold Corporation -www.kaminak.com

Oro Gold Resources Ltd. (”Oro Gold”) (TSX-V:OGR) has signed a legal agreement to acquire a 100% interest in the 200 hectare Esperanza claim, internal to Oro Gold’s Mihuatlan silver-gold property located in Mexico State, Mexico. Oro Gold now controls 100% of the mineral rights within the Mihuatlan property boundary.The Esperanza claim is strategically located immediately east of the southern portion of the 3 kilometer long Mihuatlan vein structure. Oro Gold considers the acquisition significant as the Mihuatlan vein structure may enter the Esperanza property at depth.

Click here to read the full News Release.

Highlights
*Sourced from the Weekly Gold Monitor

• The spot gold price closed at $613/oz last Friday, a 5%increase from the previous week. Gold strengthened on expectations that the U.S. Federal Reserve may curb further interest rate increases.
• The sector is currently discounting a gold price that is equal to the spot gold price. The two-year average is $55/oz.
• Valuations continue at historical lows, with the North American seniors and intermediate equities trading at parto our 0% NAV compared to the two-year average premium of 25%.

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