Global Gold Mines and Deposits Ranking 2012

Very interesting report

Intro:

Following on the success of last year’s report we have decided to make the ranking of the world’s gold deposits an annual endeavor highlighting trends in future mine supply, depletion, discoveries, and in-situ grades.
As far as we know, there has not been a similar effort to compile a comprehensive database of the world’s gold mines and deposits. Nevertheless, we rose to the laborious challenge as we knew that the industry reliance on risk capital via public markets presented an opportunity to data mine regulatory filings which would result in a high quality database.
With this research our goal was to provide quantitative answers to some of the questions we kept asking ourselves as investors in the space. Questions such as:
How many ounces of in-situ gold exist?
How many gold mines exist in Canada?
How rare is a 1.0 million ounce undeveloped deposit?
The report answers these questions and more while providing insight into the scarcity of mines & deposits. Additionally, having a granular view of the supply mix is useful as it allows market participants to ascertain the long-term supply and demand fundamentals of the metal.
We have made some important changes this year to the methodology of the database adding grade, tonnage, and government owned mines/deposits. We also partnered with Visual Capitalists, an investor website that provides rich visual content, to assist in visualizing the data we compiled. The report is free for usage and distribution with acknowledgment of the author.

Summary of Findings:

Total Mines & Deposits in over 1 million ounces in-situ: 439
Total In-Situ Ounces: 3,015,542,164      Total Tonnage & Grade of Database: 113.9 Billion Tonnes @ .82 g/t
Total In-Situ Ounces & Avg. Grade Producing Mines: 1,556,265,676 oz.  @ 1.06 g/t
Total In-Situ Ounces & Avg. Grade Undeveloped Deposits: 1,459,276,488 oz. @ .66 g/t

Global In-SITU Ranking

Mines & Deposits over 3 million Oz: 228                                        Mines & Deposits over 5 million Oz: 148
Mines & Deposits over 10 million Oz: 74                                        Mines & Deposits over 20 million Oz: 33
Producing Mines over 3 Million Oz: 120                                         Undeveloped Deposits over 3 Million Oz: 108
Producing Mines over 5 million Oz: 82                                            Undeveloped Deposits over 5 million Oz: 66
Producing  Mines over 10 million Oz: 43                                         Undeveloped Deposits over 10 million Oz: 31


You can see the full report here

GOLD BULLION DEVELOPMENT - GBB.V - GOLD MINERALIZATION AT DEPTH REPORTED

Preliminary Results from the Deep Hole Program Confirms Extension of Gold Mineralization 800 Metres Down Plunge and 900 Metres Vertical Depth

11 minutes ago - ACQUIREMEDIA

VANCOUVER, July 9, 2012 /PRNewswire/ - Gold Bullion Development Corp. (TSX-V: GBB) (OTCPINK: GBBFF) (the "Company" or "Gold Bullion") is pleased to announce preliminary drill results from holes and wedge holes located to the north of the existing mineralized area of the Granada Gold Property. The subject property is located along the prolific Cadillac trend in North-western Quebec, 5 km south of the city of Rouyn-Noranda.

Frank Basa, Gold Bullion's CEO, is very encouraged by results that consistently demonstrate the presence of widespread significant gold on the Granada property. Hole DUP-12-02 intercepted 4.15 grams Au per tonne over a 3 metre core length at 615 metres and 4.58 grams per tonne Au over 3 metres at 995 metres depth.

The drill plan initially called for three deep holes with one wedge in each hole and commenced with hole DUP-12-03. Due to excessive deviation, this hole was subsequently abandoned at the 400-metre level.  Hole DUP-12-03A, located 400 metres NNE (12 degrees North) of hole GR-11-390 was drilled just 25 metres to the west of DUP-12-03 and down to a depth of 1,323 metres. Three wedge holes W1, W2 and W3 were put into DUP-12-03A.

Hole DUP-12-02, located 830 metres NNE (24 degrees North) of hole GR-11-390, was drilled down to 1,593 metres with one wedge hole added, W1.

Due to the success of DUP-12-03A, DUP-12-02 and the associated wedges, (observation of visible gold and typical alteration zones) and in conjunction with the observation of visible gold in the western extension holes GR-11-375 and GR-11-363 in the backlog program, the drill was reassigned to the western extension to further evaluate near surface mineralization and hole DUP-12-01 drilling was temporarily put on hold.

The following table contains the highlights of the preliminary results. These additional gold fire assay results continue to demonstrate low grade, high tonnage, near surface intersections while also confirming specific high-grade zones at depth with thickness and grade suitable for underground mining.

Gold Bullion Granada
Highlight of partial results
Hole	From (m)	To (m)	Length(m)	Au g/t
DUP-12-02	607.50	610.50	3.00	4.15
including	607.50	609.00	1.50	8.23
DUP-12-02	992.50	995.50	3.00	4.58
including	992.50	994.00	1.50	9.13
DUP-12-03A	660.00	662.50	2.50	1.38
including	661.00	662.50	1.50	3.21
DUP-12-03A	906.00	909.00	3.00	2.07
including	906.00	907.50	1.50	3.58
DUP-12-03AW1	904.50	907.50	3.00	0.82
including	904.50	906.00	1.50	1.21
DUP-12-03AW2	660.00	663.00	3.00	4.12
including	661.50	663.00	1.50	8.12
DUP-12-03AW2	786.00	789.00	3.00	2.34
including	787.50	789.00	1.50	4.44
DUP-12-03AW2	814.50	817.50	3.00	2.04
including	816.00	817.50	1.50	3.13
DUP-12-03AW2	906.00	909.00	3.00	1.40
including	907.50	909.00	1.50	2.50
Â	Â	Â	Â	Â
GR-11-358	4.50	15.00	10.50	0.53
GR-11-358	149.00	339.65	190.65	0.39
including	149.00	170.00	21.00	1.19
including	149.00	150.50	1.50	6.38
including	165.50	167.00	1.50	3.86
including	237.00	246.00	9.00	0.86
including	271.50	279.00	7.50	2.61
including	328.00	339.65	11.65	0.80

Core length close to true thickness

Blanks and standards were inserted into the sequence at the QA/QC Laboratory while the 50-gram fire assay results were provided by Accurassay Laboratory prepared in Rouyn. Fire assays were conducted at their facility in Ontario.

Frank Basa, Gold Bullion's CEO, is pleased as results continue to demonstrate the presence of widespread significant gold on the Granada property in support of the hypothesis encompassing both a low grade near surface mine and a higher grade underground mine.

Claude Duplessis, Eng. is acting as the qualified person (QP) for Gold Bullion Development Corp. in compliance with National Instrument 43-101 and has reviewed the technical contents of this press release.

About Gold Bullion Development Corp.

Gold Bullion Development Corp. is a TSX Venture-listed junior natural resource company focusing on the exploration and development of its Granada Property near Rouyn-Noranda, Québec.  Additional information on the company's Granada gold property is available by visiting their website at www.GoldBullionDevelopmentCorp.com and onSEDAR.com.

"Frank J. Basa"

Frank J. Basa, P.Eng.
President and Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

 

SOURCE Gold Bullion Development Corp.

 

Rainbow Resources acquires Graphite properties

Rainbow Secures Strategic Position in Slocan Valley Flake Graphite Region

(via Thenewswire.ca)
GOLD VIKING DRILLING PREPARATIONS UNDERWAY
TORONTO, ONTARIO, May 17, 2012 -- Rainbow Resources Inc. (TSX VENTURE: RBW) ("Rainbow" or the "Company") is pleased to report that it has acquired, through staking, a strategic land position consisting of two claim blocks covering over 40 square kilometres in the heart of the Valhalla high-grade Metamorphic Complex (see attached map). This under-explored area in the Slocan Mining Division of southeast British Columbia, west and south of the Company's flagship Big Strike Gold-Silver Project, hosts the only producing natural flake graphite mine in western North America. The mine is operated by privately-held Eagle Graphite Corporation which has recently added to its large claim holdings in the Valhalla region.
Prospecting has already commenced on Rainbow's graphite claims in conjunction with prospecting on nearby Big Strike areas. Rainbow is also in possession of historical airborne survey information which will be of immense help in exploration of the graphite claims.
"From Eagle Graphite's potential world-class deposit, 21 km due west of our soon-to-be-drilled Gold Viking Property where we have numerous gold and silver targets, flake graphite occurrences have been reported over a broad area stretching nearly 30 km north-south," stated Rainbow President David W. Johnston. "It appears that this part of the West Kootenay region has undergone some very unique geological processes that have created extremely favourable conditions for high quality, near-surface flake graphite. The host rocks are ideal. There is strong potential for additional flake graphite deposits throughout this area, and Eagle Graphite's processing plant is already in place.
"Rainbow has the boots on the ground and the right geological team to take advantage of this graphite opportunity very close to our flagship Big Strike Gold-Silver Project where our near-term focus is on advancing several key holdings - past high-grade producers that have never been previously drilled," continued Johnston. "The strategic steps we've just taken have further solidified our position as an exploration leader in the Slocan Valley-
West Kootenay region with excellent opportunities for significant gold, silver and graphite discoveries."
Rainbow Graphite Claim Block #1
Rainbow holds a strategic 12.5-km-long claim block, totalling 2,100 hectares, beginning 5 km northeast of Eagle Graphite's mill site (14 km southeast of the mine site) and immediately north of Anglo-Swiss Resources' Blu Starr Property. Anglo-Swiss reported May 9, 2012, that up to 15% graphite has been mapped in outcrop over the northern part of Blu Starr and appears to be associated with a 3-km-long electromagnetic (EM) anomaly identified in an airborne geophysical survey completed in 2010. Less than 25% of the property was covered by the airborne survey.
Rainbow Graphite Claim Block #2
Rainbow holds another strategic claim block, 9-km-wide and also totalling 2,100 hectares, contiguous to the southern boundary of the Blu Starr Property.
Gold Viking and International Property Updates
Ground conditions are now favourable for drilling and initial site preparations are underway for a first-ever drill program at Rainbow's highly prospective Gold Viking Property adjacent to the Village of Slocan. Gold Viking, one of several Big Strike Project properties that Rainbow will be focusing on over the coming months, is part of the same geological system as the contiguous Ottawa Mines which produced 1.8 million ounces of silver in the 1900's at an average grade of 2,113 g/t or 61.6 ounces per ton.
Rainbow's Gold Viking and Ottawa properties have never been previously drilled despite historical high-grade production from both. A total of nine drill sites have been proposed for the north side of Springer Creek at Gold Viking to test coincident strong airborne conductors and soil geochemical anomalies across the central portion of the property where a geological contact for silver and gold mineralization trends in a north to northwesterly direction. Each of the drill sites will allow for multiple holes to be completed. Drilling will commence immediately upon receipt of permits.
Rainbow has also staked an additional 60 hectares to extend the western boundary of the Gold Viking Property which is situated at the eastern extremity of the Valhalla Metamorphic Complex, 21 km due east of Eagle Graphite's deposit. Eagle Graphite holds claims contiguous to the southwest portion of Gold Viking.
Ground conditions are gradually improving at Rainbow's International Silver Property, 70 km north of Gold Viking, where upcoming drilling will explore a potentially rich vein system dominated by quartz with irregular massive sulphide bodies of galena, pyrite and sphalerite that could extend near-surface for several kilometres.
Qualified Person
Rainbow's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Mr. Jim Decker, P.Eng., a Director of Rainbow Resources, who serves as a Qualified Person under the definition of National Instrument 43-101.
Rainbow's shares are listed for trading on the TSX Venture Exchange under the symbol
RBW.V. Rainbow currently has 33,923,163 common shares issued and outstanding.
For further information: President David W. Johnston - (403) 701-2781.

GOLD & SILVER CRITICALLY OVERSOLD ON STRONG SUPPORT, DOLLAR OVERSTRETCHED...

From Clive Maund:

“Gold and silver now critically oversold at strong support, dollar overstretched…
Please be aware that we could see a really big bounce in Gold and Silver here, and possibly an important reversal…Gold and silver are right at strong support at their September lows, and critically oversold short-term as shown by their RSI indicators…the Dollar is showing signs that it is about to react after an incredible 13 up days in a row (trading days), with a very large white candle appearing on its chart on Tuesday, followed by a candle that approximates to a bearish “hanging man” – it is critically overbought on its RSI so its certainly a good time for it to take a breather…the “talking heads” on the major financial networks were starting to grudgingly acknowledge the possibility of QE coming to the rescue of the world economy, and it is quite clear that the moment the markets get the scent of the spigots being opened we could see a humongous rally, especially in the trampled down commodities sector…
Right now we are heading towards deflation – this is why the markets are going cold turkey…they are clamouring for another fix – everything now depends on how long our illustrious leaders can hold out before caving in to their demands…we must watch carefully for the first real signs of them doing so, this will be the point the tide turns…the charts suggest that there is a possibility of this occurring very soon”

You can subscribe (for a fee) to see the full article and all of Clive Maund's technical analysis here:
http://www.clivemaund.com/

GOLD BULLION DEVELOPMENT CORP WILL PAY DIVIDENDS IN GOLD!

Gold Bullion Development Corp. (TSXV: GBB) (OTCPINK: GBBFF) (the “Company” or “Gold Bullion”) is pleased to provide an update with respect to its proposed Shareholder Gold Royalty Program.

Is there any better way to get paid? What a great idea.

April 11, 2012 – Gold Bullion Development Corp. (TSXV: GBB) (OTCPINK: GBBFF) (the “Company” or “Gold Bullion”) is pleased to provide an update with respect to its proposed Shareholder Gold Royalty Program.
The Shareholder Gold Royalty is being developed so that Gold Bullion shareholders can participate in the security of gold ownership. The proposed Shareholder Gold Royalty is intended to allow Gold Bullion shareholders to receive a dividend payable in gold on a pro rata basis, based on the number of Gold Bullion shares held on the dividend record date. Shareholders who do not have a gold metal account or for other reason may not be able to receive the physical metal will be able to receive their dividend in Canadian dollars.
Gold Bullion intends to implement the Shareholder Gold Royalty if and when the Granada Gold Mine enters into production. The Shareholder Gold Royalty will be for the life of the Granada Gold Mine for all current resources, and for other resources that may be discovered through further exploration. Gold Bullion cannot guarantee that the Granada Gold Mine will enter into production or that the proposed Shareholder Gold Royalty will be implemented. The proposed Shareholder Gold Royalty replaces the Shareholder Gold Purchase Program outlined in Gold Bullion’s news release dated June 4th, 2008, and is part of Gold Bullion’s forward-looking policy of ensuring shareholder value. Gold Bullion will inform shareholders of the details of the Shareholder Gold Royalty as the program is developed.
About Gold Bullion Development Corp.
Gold Bullion Development Corp. is a TSX Venture-listed junior natural resource company focusing on the exploration and development of its Granada Property near Rouyn-Noranda, Québec. Additional information on the Company’s Granada gold property is available by visiting their website at www.GoldBullionDevelopmentCorp.com and on SEDAR.com.
“Frank J. Basa”
Frank J. Basa, P.Eng.
President and Chief Executive Officer
For further information contact:
Frank J. Basa, P.Eng., President and CEO at 1-514-397-4000 or
Progressive Investor Relations (Canada) at (604) 689-2881 or via email: info@progressive-ir.com

Here is an NPR radio interview with Frank Basa regarding the program.

Gold Stocks Ready to Bounce?

Quite an interesting evaluation on the disparity between Gold and Gold Stocks.

Their time may be coming.

"The opportunity is just too good to pass up. The last time these particular conditions came together, gold stocks rallied 121% in 12 months. "

Check it out:
http://www.stockhouse.com/columnists/2012/feb/14/gold-stocks--next-121--rally-starts-today

Warren Buffett: gold has no value -Gold Bug: Warren Buffet has no value!

From the Telegraph UK:

Billionaire investor Warren Buffett has dismissed gold as a valueless asset saying that it has no inherent value. In an article for Fortune magazine, Buffett said that gold investors were pining their hopes on future demand.

He warned that gold was a self-inflating bubble, created by investors desperate for a viable alternative to property and shares.

The infamous investor warned that investors in gold would be left with egg on their face when the price eventually crashed.

"Bubbles blown large enough inevitably pop," he said. "And then the old proverb is confirmed once again: "What the wise man does in the beginning, the fool does in the end."

Buffett's attack comes as private bank Coutts predicts that the gold price will hit "new highs" by the end of 2012.


Personally this is one bet I'd love to make with Buffet - I'll bet my pennies for his billions that he's wrong on this one!




See the full article here:

http://www.telegraph.co.uk/finance/personalfinance/investing/gold/9074670/Warren-Buffett-gold-has-no-value.html