Eldora Gold Resources: Brazilian Gold Mine Update: Eldora Gold Resources Canada News

Brazilian Gold Mine Update: Eldora Gold Resources Canada News - Ensurge Announces Progress on Engineering Scoping Study of Brazilian Gold Mine

Brazilian Gold Mine Update: Eldora Gold Resources Canada News - SAN FRANCISCO, Oct. 21 /PRNewswire/ -- Ensurge, Inc. (OTC Bulletin Board: ESGI.OB) is pleased that the Engineering Scoping Study of the Nova Esparanza Mineraco (NME) project is underway. Jordan Estra, President & Chief Executive Officer of Ensurge, Inc. reported on the project following a visit to Brazil during mid October.

A team of geologists and drillers is currently at the NME Tuiuiu Mine, about 100 kilometers southwest of the State Capital of Cuiaba. Drilling and sampling of the tailings stockpiles has been underway for about two weeks. It is estimated that an additional four weeks will be required to complete the drilling and sampling program.

Crews are auger drilling the tailings stockpiles on 40 meter centers to a depth which is the base of the tailings, approximately 25 meters. Samples are taken every one meter of depth in each drill hole. The drilling and sampling program was designed and is being supervised by Amazon GeoServices of Belo Horizonte, Minera Gias, Brazil.

It is estimated that approximately 1,500 samples will be taken from the tailings stockpiles and theses will be assayed by Bureau Veritas of Belo Horizonte, MG, Brazil. In addition, metallurgical testwork and gold recovery process development will be completed by G&T Group of Kamloops, British Columbia, Canada and MQes, Inc. of San Francisco, California, USA.

Brazilian Gold Mine Update: Eldora Gold Resources Canada News - Once the drilling and sampling is completed, in about four weeks time (end of November), an additional two weeks will be required to complete the assaying of samples, or mid-December. Metallurgical test work and gold recovery process development is likely to be completed by the end of January 2011. At that time, Ensurge will be able to make a decision on the NME project.

Other Projects

Ensurge is currently evaluating the potential of investing in producing gold mines, along with mines that only have tailings stockpiles. The Company is in preliminary discussions with property owners and if successful, Ensurge would try to achieve operating agreements to provide capital and technology to recover gold in exchange for significant percentage participation from the operations. All mines under review are in the area of Mato Grosso, Brazil.

Forward Looking Statements. Brazilian Gold Mine Update: Eldora Gold Resources Canada News - This press release contains forward-looking statements regarding the future results and performance of Ensurge, Inc. including statements regarding revenue, growth and market development. These forward-looking statements involve risks and uncertainties and actual results could differ materially from those predicted in any such forward-looking statements. Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements. The realization of any or all of these expectations is subject to a number of risks and uncertainties and it is possible that the assumptions made by management may not materialize. Statements in this press release may involve risks and uncertainties; actual results may differ from the forward-looking statements. Sentences or phrases that use such words as "believes," "anticipates," "plans," "may," "hopes," "can," "will," "expects," "is designed to," "with the intent," "potential" and others indicate forward-looking statements, but their absence does not mean that a statement is not forward-looking. The Company undertakes no obligation to publicly release any revisions to forward-looking statements. SOURCE Ensurge, Inc.

About Eldora Gold Resources Canada: Eldora Gold was founded by a group of experts in the mineral recovery and mining industry, whose focus is to provide accurate information, state of the art equipment and outstanding custome

Eldora Gold Resources: Eldora Gold News-Investing in Silver: Is This Precious Metal Set to Beat Out Gold?

By Tony D'Altorio. Silver has served as a measure of value and currency for over 4,000 years. As early as around 600 B.C., citizens of Lydia used it for coins. But while hardly new, it’s still giving investors something to talk about these days.

Eldora Gold Resources News - In the past month, silver has hit prices it hasn’t seen since the Hunt brothers tried to corner that market over three decades ago. Their attempts drove the commodity to nearly $50 an ounce in 1980. Today, just like back then, many individual investors are buying up what some call “poor man’s gold.”

Eldora Gold Resources News - Gold may be capturing headlines and new record highs. But silver is shining too… enough to make many wonder whether its forward returns might just beat out gold’s.

Silver bugs like many of the same arguments that gold bugs do: The Federal Reserve’s upcoming QE2, a second round of emergency monetary easing, will lead to much higher inflation in the future. Many central banks may very well devalue their currencies to further domestic growth, thereby sparking a global “currency war.” (Incidentally, the Federal Reserve is heading that charge as well, with its massive money creation.)

In reaction, silver coin sales are hitting record highs this year.

Eldora Gold Resources News - The US Mint sold 27.5 million in silver American Eagles so far in 2010, well within reach of last year’s record 28.8 million ounces… with the holiday season still ahead. And the Royal Canadian Mint has already sold over 30% more of its silver Maple Lead coins than last year’s record 10 million ounces.

Plus, investors have snapped up more than 1,500 tons of silver through ETFs in the past two months alone. That’s more than 5% of total annual silver supplies. It has become one of the best-performing commodities this year. Over August and September, it rallied 31%… more than three times gold’s rise.

Global Silver Demand Ramps Up Silver investors are betting on how silver consumption still relies heavily on jewelry demand and demand from certain industries. So that should mean as the global economy recovers, so will silver.

Already, there has been a strong rebound in industrial demand for the resource in traditional areas like electronics. And add to that the solar power industry’s new need for silver compounds to convert sunlight into electricity.

CEO Scott Morrison of Metalor, one of the world’s top precious metals refiners, says:

Industrial demand for silver is very strong – back to 2008 levels or even better.

Still, investors will likely remain the main force behind silver prices for now. Also, the addition of hedge funds to the mix may lead to sizable, short-term volatility. Because the silver market is a so much smaller than gold’s, large investments can make bigger impacts on prices.

Disclaimer: The Oxford Club LLC/Investment U and Stansberry & Associates Investment Research are separate companies, and entirely distinct. Their only common thread is a shared parent company, Agora Inc. Agora Inc. was named in the suit by the SEC and was exonerated by the court, and thus dropped from the case. Stansberry & Associates was found civilly liable for a matter that dealt with one writer's report on a company. The action was not a criminal matter.

Eldora Gold Resources: Update on Venezuela Gold Mining: Eldora Gold Resources Canada News

Update on Venezuela Gold Mining: Eldora Gold Resources Canada News - Uncertainty grips expectant gold-mining communities in Venezuela. Continuing a report on the situation of gold-mining in Bolivar State and in particular on the Las Cristinas mine in Sifontes municipality, Correo del Caroni reporter, Natalie Garcia maintains that the end of the Crystallex concession has reopened the debate on the Venezuelan State's gold-mining policies, which could be said to have failed, given current labor instability and cordons of misery south of Bolivar State.

Update on Venezuela Gold Mining: Eldora Gold Resources Canada News - VHeadline News Editor Patrick J. O'Donoghue reports: Several decades ago, the Las Cristinas was held up as the salvation of thousands of local inhabitants, who were scratching a living off illegal and wild cat mining. Las Cristinas, Garcia pointed out, has not been formally exploited for more than 20 years, even though it has around 31 million ounces of gold and proven reserves.

There is also the Brisas del Cuyuni mine formerly in the hands of Gold Reserve, which is suing the government for compensation.

The journalist (pictured right) ventures that Las Cristinas' future looms uncertain because details have not been released about the next steps to be taken.

A proposal was launched in 2008 at a meeting of the Basic Industries & Mining (Mibam) Ministry to set up an "ALBA Gold Mining District," consisting of three blocks to be distributed among small-to-medium socialist mining companies belonging to the Bolivarian Alliance for the Americas (ALBA).

Update on Venezuela Gold Mining: Eldora Gold Resources Canada News - Within the strategy, there was a social plan to invest part of the money coming from gold production, creating a warehouse center, a gold refinery and mint, and a goldsmith network under the control of mining cooperatives. Part of the plan included building a copper recovery plant because of the association between copper and gold.

Garcia raises the possibility of a 50/50 joint venture between the State and VenRus, the Russian company, currently holding the La Isidora and La Camorra concessions.

Whatever the outcome, Garcia concludes, local communities are calling for the immediate activation of mining projects and their inclusion when it comes to distributing the profits.

The main call as ever is for new job opportunities and an improvement in the local communities' standard of living. Patrick J. O'Donoghue news.editor@vheadline.com

Update on Venezuela Gold Mining: Eldora Gold Resources Canada News - Our editorial statement reads:

VHeadline.com Venezuela is a wholly independent e-publication promoting democracy in its fullest expression and the inalienable right of all Venezuelans to self-determination and the pursuit of sovereign independence without interference. Our stance is decidedly pro-governance (defined as being contrary to anarchy) and pro-government to the extent that we support all and any government policies aimed at consolidating and improving the living conditions and future prosperity of ALL Venezuelans, regardless of race, color or creed. We also seek to shed an international spotlight on nefarious practices and corruption which, for decades, has strangled this South American nation's development and progress. In every respect VHeadline Venezuela's declared editorial bias is most definitely pro-Constitutional, pro-Democracy and pro-VENEZUELA.
-- Roy S. Carson, Editor/Publisher Editor@VHeadline.com

Eldora Gold Resources:Update on Mining: Eldora Gold Resources Canada News

PMI GOLD TO APPOINT TWO NON-EXECUTIVE DIRECTORS, PETER BUCK AND ROSS ASHTON TO THE BOARD SUBJECT TO THE CO-LISTING OF THE COMPANY IN AUSTRALIA.

Eldora Gold Resources Canada News: Update on Mining - VANCOUVER, Oct. 21 /CNW/ - PMI Gold Corporation (TSX.V:PMV) ("PMI Gold" or "the Company") announces that Mr. Peter Buck and Mr. Ross Ashton have agreed to join the Board of PMI Gold as Independent Non-Executive Directors subject to and following its proposed Australian co-listing.

Commenting on the appointments of Messrs. Buck and Ashton (Members AUSIMM), PMI Gold CEO, Douglas MacQuarrie stated "PMI Gold is pleased to be able to attract such experienced and respected Australian Directors to join the Board of the Company following its proposed Australian listing. Mr. Buck has been associated with the discovery and development of a number of mineral deposits in Australia and Brazil, and Mr. Ashton was the founding Managing Director of Red Back Mining Inc., which was recently the subject of a merger with Kinross Gold Corporation which valued Red Back at US$7.1B.  Their wealth of exploration and development experience will be invaluable for PMI Gold as the Company progresses development at its Obotan and Kubi Gold Projects in Ghana."

Mr. Buck is a geologist with 35 years of international exploration and production experience, principally in nickel, base metals and gold.  During his career he has been associated with the discovery and development of a number of mineral deposits in Australia and Brazil.

Mr. Buck worked with WMC Resources for 23 years in a variety of senior exploration and production roles, before joining Forrestania Gold as Exploration Manager in 1994. Forrestania Gold was subsequently acquired by LionOre Mining International with whom he was the Director of Exploration & Geology until mid-2006. He managed the highly successful exploration team that discovered several nickel deposits and the two million ounce Thunderbox gold deposit in Western Australia. Also, he played key senior management role in progressing these deposits through feasibility studies to production. Mr. Buck also played key senior advisory roles in indigenous relations in Australia, LionOre's African operations and new business development. During this period Mr. Buck was also a non-Executive Director with Gallery Resources (now IAMGOLD), and Breakaway Resources.

In 2006, Mr. Buck played a key role in managing the divestment of a large portion of LionOre's nickel exploration portfolio into Breakaway Resources. Following this transaction, Mr. Buck became the Managing Director and CEO of Breakaway. In 2009 Mr. Buck left Breakaway to pursue other professional and personal interests.  

Mr. Buck is currently Vice President of The Association of Mining and Exploration Companies (AMEC) and a Board Member of the Centre for Exploration Targeting established at the University of Western Australia and Curtin University. 

Mr. Ashton has been involved in the exploration, consulting, financing and development of international resource projects since 1972. Most recently in his capacity as Managing Director and subsequently Chair of Red Back Mining Inc., Mr. Ashton was responsible for identifying the prospectivity and leading the team which discovered the multi million ounce Chirano gold deposit in Ghana. In 2004 Mr. Ashton re-domiciled Red Back from the ASX to the TSX with a new Canadian CEO, management and board. In 2005 Mr. Ashton resigned as Red Back Chair. In September, 2010 Red Back, as a +400,000 ounce per year gold producer, was the subject of a merger with Kinross Gold Corporation which valued that company at US$7.1B.

Mr. Ashton is a Non Executive Director of Brockman Resources Limited, an ASX listed iron ore explorer/developer with a market cap of ~$500 million.

With the appointment of Messrs. Buck and Ashton to the Board of PMI Gold, subject to and following the proposed Australian co-listing, Mr. Len Dennis will resign as a board member but will remain with the Company as a consultant.

On behalf of the Board,

"Douglas R. MacQuarrie"

President & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Eldora Gold Resources Canada News: Update on Mining - This news release contains forward-looking statements which involve known and unknown risks, delays and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or expectations implied by these forward-looking statements.  We Seek Safe Harbour.

Eldora Gold Resources Canada News: Update on Mining - About PMI Gold. Mining analysts have recently stated that West Africa will soon become the World's second largest gold producing region after China, with Ghana by far the largest gold producer in West Africa. PMI Gold controls four previous operating mines on 85 kilometres of Ghana's major gold belts all located near the centre of near 200 million ounces of historical gold production and current resources. Our Kubi Gold Project (NI43-101 mineral resource estimate of 604,000 ounces @3.66 g/t gold Indicated; 315,000 ounces @1.88 g/t gold Inferred, see SEDAR) adjoins the 60 million ounce AngloGold Ashanti Obuasi mine, the largest underground mine in West Africa with a 113 year, continuous mining history. At Obotan, where previous mining yielded 730,000 ounces of gold at a grade of 2.2 g/t, we recently announced a maiden +1 million ounce gold mineral resource estimate, and the commencement of an aggressive drilling campaign.