Gold Standard Continues to Intersect Thick Intervals of Gold Mineralization

April 3, 2012

Gold Standard Ventures (OTCQX: GDVXF; TSX-V: GV) continues to intersect significant gold mineralization, including in drill hole RR11-18, 77.8 metres of 1.63 g/t gold, including 33.5 metres of 2.58 g/t gold.  Both intercepts are between 326.1 metres and 403.9 metres in depth. 

“Early in our Railroad exploration program our drilling encountered large, thick zones of collapse breccias containing anomalous gold up to the one gram, or more, and these results led us into the NBFZ target area. Potential economically important high grade feeders that created the breccias and fed in the gold mineralization are thoroughly obscured by the non-receptive capping units, and in places post-mineral volcanic rocks. Gravity data combined with geochemistry provided good information for getting us close to the major structures and the possible flanking feeder zones, but it has now become the job of the drill and careful geological interpretation of drill core and assay results to further zero in on the high grade feeder zones. We believe we may have clipped one of these feeders (185 feet of 0.125 ozAu/st) in hole RR11-16,” states Dave Mathewson, Vice President of Exploration.

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China Looking at Less Expensive Emerging Markets to Fulfill Demand for Commodities

March 23, 2012

HONG KONG (Reuters) – Chinese firms are on the prowl for mining investments in Africa, South America and central Asia as they look to feed ever expanding domestic demand for key commodities, but are switching away from Australia and Canada, which are getting too expensive.

Iron ore and copper have been the hot targets over the past few years, but more recently, China Guangdong Nuclear Power Corp has gone after uranium in Africa, and firms are now seeking gold, nickel, tin and coking coal, too.

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Inter-Citic CEO On Gold, China and Stocks: Thom @ Large

March 21, 2012

By Thom Calandra @ Large

SAN FRANCISCO — A China-centric gold developer says China’s consumer price inflation is understated and real estate developers will melt down if the nation’s banks step away from largely vacant offices, subdivisions and warehouses.

The informed warning is good for gold and a wake-up call for soaring housing and commercial real estate prices in China.

Jim Moore of Inter-Citic Minerals (ICI in Canada and ICMTF in USA) gave his forecast before word of declining home prices in many China cities hit the business wire today.

Mr. Moore explained to a group of professional investors how rising gold demand, negative real interest rates and tens of billions of dollars of China cash seeking producers will boost mineral resource juniors that have suffered since the 2008 mortgage debt disaster.

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Cambodia Trek: Angkor Gold — Thom @ Large (Unplugged)

March 16, 2012

By Thom Calandra

OKALLA CAMP – Fresh core emerging in smooth cylinders and catalogued row by row at this Cambodia gold camp is pale rose.

Dr. Adrian Mann’s contract drillers just pulled this sample from the ground (Hole 29). The column of rock from perhaps 100 meters deep shows potassic alteration and what looks like secondary feldspar.

Minerals explorer Angkor Gold (ANK in Canada; ANKOF in USA) is little known to those who visit this bountiful country seeking Buddhist temples and irrawaddy fresh-water dolphins flipping in the Mekong River.

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Gold’s Movement Over the Weekend Will Give Meaning to this Week’s Huge Drop

March 3, 2012

WOODLAND HILLS, CA – Yesterday was an extraordinary day for Gold traders.  First of all, the volume for the CME’s most active gold contract, which is now April 2012, was 344,994 one hundred ounce contracts (34,499,400 oz was traded) a record high. Gold prices dropped $77 per ounce yesterday based on slightly negative news, specifically the lack of mentioning a possible QE3 by Fed Chairman Ben Bernanke. Mr. Bernanke’s congressional testimony does not change any of the fundamental reasons to own gold. On Wednesday, during floor and electronic trading, the gold price ranged from $1,792 on the high to $1,688 on the low, a $104 price difference. Surprisingly, all this happened and open interest increased by 5,000 contracts.

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Balmoral Announces $3.04 Million Bought Deal, Flow-Through Private Placement

February 21, 2012

Balmoral Resources Ltd. announced today that it has entered into an agreement with Casimir Capital Ltd., under which the Underwriter has agreed to purchase $3,040,000 in securities of the Company, and to place the purchased securities on a flow-through private placement basis. The Offering will consist of 2,000,000 flow-through common shares of the Company at a price of $1.52 per flow-through common share. The share price of the Offering represents a 46.2% premium to the February 17, 2012 closing price of common shares of Balmoral. The proceeds raised from the Offering will be used to accelerate the exploration of the Company’s Detour Gold Trend projects, including the Martiniere, Grasset, and Fenelon gold discoveries, located in the province of Quebec.

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Thom Calandra Interviewed by Kitco News at Palm Desert Resource Conference

February 20, 2012

Thom Calandra of Torrey Hills Capital/ comments on mining experts (expertise + experience – ego = expert) as well as the current gold, copper and platinum martets with Daniela Cambone of Kitco News at the recent Cambridge House Resource Stock Conference in Palm Desert California. To view the 6 minute interview just click on the graphic below: