A thread set up and dedicated to Gold and Mining stocks.

Gold could be set to bounce up again in the near future and throughout the autumn and winter. Higher oil prices and inflationary worries both here and in the states mean its an excelent hedge against the falling dollar and weaking markets.

Please post which stocks you feel may benefit other posters. Lets all try and make some money from Mining.

cheers GF.

POG starting to move up on serious volume.......................


Never mind gold's price, look at volume

By John Brimelow
Last Update: 12:01 AM ET Aug. 30, 2004

NEW YORK (CBS.MW) -- Gold is back above $400 (again). Last week, it seemed to stall (again). But look below the surface.

Peering closely, I see three factors at work:

First, India, the world's biggest gold importer, was unfalteringly a buyer right up to the high of $412 this past week. I gauge Indian off-take by looking at the local premiums. (Read related column.)

Previously, Indian buying has been choked off at these levels. And the busy season for gold purchases in India is only just beginning.

Inevitable outcome: A great deal of metal will go to live in India this fall -- unless world gold moves up sharply from the $400-plus level.

Second, the Middle East also appears to have become gold-hungry. It's more difficult to follow, but those local premiums I can access have started to suggest this.

So do recent reports of quantities traded. Turkey, for instance, imported a record weight of gold in July.

Conclusion: the physical demand for gold is ratcheting up to support the price.

Thirdly, and below the surface, the past two weeks have seen extraordinary increases in Comex (New York Commodities Exchange) open interest, which have accompanied gold price recent moves.

"Open Interest," is the total of futures contracts outstanding. An increase occurs when a buyer bids to acquire a contract -- a promise to deliver -- and is accommodated by a new seller. Or, when a short seller is accommodated by a new buyer.

Since Aug. 12, open interest has gone up 24.6 percent, 54,749 contracts, equivalent to 170 tonnes of net gold buying. This includes one day, Aug. 19, where the rise was apparently the second highest on record.

In other words, gold volume has been huge. It's just the price that has been boring.

The surge in open interest tells us good and bad news. Good: huge buyers have appeared. Bad: so has a huge seller(s).

Who are the buyers? The most popular theory among gold bears: a big mining house trying to eliminate a hedge position.

I think this is unlikely. No one producer is big enough.

My guess: Some U.S. hedge funds are buying gold because they think the geopolitical/economic is unstable. So are large operators from elsewhere, partly responding to the same anti-American sentiment which that is driving the retail Middle Eastern markets.

Next question: Who is the seller? After all, someone has to have taken the other side of the trades.

To me, it has to have been a central bank. There is simply no other long (or short) around with this kind of size, or courage.

There is increasing evidence that the gold market is being manages by the official sector. Imperative reading for serious gold followers is money manager John Embry's discussion of gold manipulation at Sprott.com.

Ultimately, central bank supplies will be exhausted. Revco Research, the adroit Chicago-based traders, bravely went long on Friday, reasoning that selling of this magnitude cannot persist.

Gold's price breakthrough will be fortune-making. In the meantime, a modest rise to a level which will temporarily slow physical buying is very likely.

If gold passes its $431 March high, it will be at a level not seen since the mid-1980sENDS.

cheers GF.

avocet mining will move up soon as long overdue IMHO. its gone up quite a bit in recent months

Yes I agree Scotinvestor and I once again hold this one.

Evolution Beeson Gegory have a 1 plus target on it.

cheers GF.

The comparitive charts showing percentage movement over 1 year for

1. Small Gold Miners

2. Medium Sized Miners

3. Small Gold Exporers.



1.

Blue = Golden Prospect, Black = Avocet, Red = Oxus


2.

Blue = Peter Hambro, Black = Randgold*, Red = Highland Gold

* Randgold as had a share split.



3.

Blue = Cambridge, Black = Caledon, Red = Centamin.


cheers GF.

Goldfinger.

Did you buy any TSG.

Not yet aldwick Im still waiting for POG to rise higher.
cheers Gf. In fact lets show TSG compared to the other gold explorers.



Black = Caledon, Red= Trans Siberian Gold, Blue = Cambridge.

cheers GF.

NB, if anyone wants a comparative gold chart putting up let me know, but remember 3 is the limit on one post.

cheers GF

goldfinger, i dont care what evolution say about AVM's price. I only care about what i think is right. All these brokers and shares magazines are a load of crap.

I expect AVM in next couple of years to be around 2 plus

Fine Scotinvestor thats why we live in a democracy. I hope you are right.
cheers GF.

i was only stating what i thought of them. Yes, we do live in a democracy which we should all be truly thankful.

But most of these brokers only look at things no more than once a year. They dont give a stuff about their clients

Avocet price comparison with other junior miners earlier in the thread.

cheers GF.

I would like to see the comparsion between junior miners and the gold price chart, TSG seems to be linked more closely then most to the price these days.

anyone heard anything positive about MANA lately?

aldwickk, sorry the software cant help with that one.

cheers Gf.

Back to top for Caledon fans.

cheers GF.

Avocet rising nicely at the moment.

cheers Gf.

If there is anybody in Medoro the gold explorer I was told late this afternoon that the Sargold deal would go through in the next few days.

cheers Gf.

South African Resources, (SFU) have been ticking along quite nicely recently. Are probably sitting on quite a pile of Platinum, (and Gold), and have been growing at a considered rate. Some very experienced mining professionals also added to the board in the last few months.



Southern African Resources PLC
03 August 2004

Southern African Resources Plc: SFU / Index: AIM / Sector: Exploration

3rd August 2004
News Item

SOUTHERN AFRICAN RESOURCES LOCATES PGE+AU
DRILL TARGETS IN BOTSWANA AND MAKES OFFER FOR REMAINING TAU MINING SHARES



Southern African Resources Plc ('SAR' or 'the Company'), through its Australian
exploration subsidiary Tau Mining Ltd ('TML'), has identified significant drill
targets for Platinum Group Elements + Gold ('PGE+Au') on its Molopo Farms
Project in the Molopo Farms Igneous Complex ('MFIC') in southern Botswana. The
Company is now commissioning a drill contractor and expects to commence drilling
on a first-pass reconnaissance programme in August.



Following the interpretation of airborne and ground electro-magnetic surveys on
the property, TML has identified a number of targets to be drill tested. These
are situated in the lower part of the MFIC, which is a layered ultra-mafic to
mafic succession. The targeted area is similar in age and litholgy to the
Bushveld Igneous Complex ('BIC'), recognised as the world's premier PGE district
and situated approximately 200 kilometres to the east in South Africa.



The detailed airborne survey area at 250 metre line spacing was carried out
earlier this year along the northern margin of the MFIC. The new aerial
electro-magnetic survey technology used appears to have penetrated the veneer of
Kalahari sand material and has identified conductor zones that are ideal hosts
for PGE and nickel mineralization.



The targets extend over an unusual 26 kilometres in length within this detailed
survey area. Additional targets were identified on reconnaissance lines
throughout the tenement area, which extends over 6,185 square kilometres. Recent
exploration by TML has also included the update and verification of its drill
hole database, and a new integrated geophysical and geological interpretation.



The Molopo Farms Project comprises 10 Prospecting Licences in a first-tier
mining country. The area is considered to be a key exploration district by TML
due to its relatively under-explored nature and the presence of several similar
geological characteristics to the PGE-rich BIC in South Africa, where SAR
already holds significant properties. These include the flagship 4,600-hectare
Leeuwkop 402JQ, the 460-hectare Wolwekraal 407JQ and the 605-hectare Kareepoort
407JQ properties. Recent resource estimates by independent consultants Snowden's
have put the geological potential of this property package at up to 125 million
ounces of PGE+Au, making it potentially one of the largest known platinum
deposits in the world.



Southern African Resources CEO Roy Pitchford said: 'SAR is very keen on
advancing the exploration of its Molopo Farms Project. It has reviewed the
survey data, which was very encouraging, and as a result, a number of drill
targets for the first drill campaign have been defined. SAR believes that there
is huge potential on The Molopo Farms Igneous Complex, which bears geological
similarity to the Bushveld Igneous Complex, the world's most important platinum
district, and view it as one of the most prospective platinum targets in
southern Africa. While there can be no assurance of success, SAR hopes to locate
deposits that will significantly increase an inferred resource base that already
has the potential to emerge as one of the largest platinum group metals
inventories in the industry.'



As anticipated in SAR's announcement of 6th July 2004, the formal Offer Document
for the acquisition of the remaining Tau Mining shares was lodged on August 2nd.
Accordingly, provisional application is being made for the admission to
trading on AIM of up to 10,775,000 ordinary shares of the Company being the
maximum number of shares to be issued if all Tau Mining shareholders accept the
Company's takeover offer.



**ENDS**

Issued on behalf of Southern African Resources Plc by St Brides Media & Finance
Ltd, 46 Bedford Row, London WC1R 4LR.

Contacts:

Roy Pitchford Southern African Resources Plc Tel: 0845 108 6060
Hugo de Salis St Brides Media & Finance Ltd Tel: 020 7242 4477

I have a small interest in this company.

Regards

PTH

Thanks PTH (sfu) look very interesting indeed.

cheers GF.

Note Anglo Pacific have a stake in Kirkland Lake, lovely.



Kirkland Lake Gold Inc
02 September 2004

September 2nd, 2004
EXPLORATION OVERVIEW FOR YEAR ENDED APRIL 30TH, 2004

PROVEN AND PROBABLE RESERVES INCREASE 28%

Kirkland Lake Gold Inc (the 'Company') is pleased to present its overview of
exploration efforts and expenditures in its 2004 fiscal year, which ended April
30, 2004 and new year-end (April 30, 2004) reserve and resource estimates for
its operations in Kirkland Lake, Ontario.

Exploration Overview

'The first half of the year was spent completing the compilation work necessary
for the foundation of the three year, $21 million exploration campaign announced
October 21st, 2004' said Michael Sutton, Chief Geologist. 'Given that we did not
begin aggressive exploration of the property until the second half of our fiscal
year, we are pleased that in the last 6 months, 269,814 tons of ore was added to
reserves, grading 0.47 ounces of gold per ton (138,948 ounces) for less than $10
per ounce. Due to the wide-spaced drilling in the early phases of the major
drilling campaigns underway an increase in resource levels was not expected
until this fiscal year and beyond.'

During the second half of the 2004 fiscal year, the Company began the first six
months of a major three year $21 million exploration campaign. The increase to
the reserves was a total of 269,814 tons of ore was added grading 0.47 ounces of
gold per ton (138,948 ounces, or 28%). Since the December 2002 reserves were
released, Kirkland Lake Gold has increased the reserves by 78%.

An extensive definition drilling campaign was carried out in the first six
months of the 2004 fiscal year. An on-going expansion of mining activities at #3
shaft, #2 shaft, and at the Lake Shore Ramp required an emphasis on definition
drilling. The 2004 accomplishments achieved in the definition drilling enabled
the Company to lower the definition requirements in the 2005 fiscal year
allowing the re-allocation of resources to the exploration program.

Drilling has resulted in the addition of 132,000 ounces of gold in reserve and
resource categories (plus 32,000 ounces inferred), virtually all of which was
found in the last six months. The exploration programs that were targeting the
large-tonnage potential structures did not begin until the end of 2004 fiscal
year, are now in full operation, and are planned to be developed over the next
21/2 years. The discovery of a completely new ore trend - north-south, rather
than the classic east-west of the Camp - beyond the original goals of the
exploration program opens up substantial areas for new resources to be added.

The finding cost per ounce found for the mine site exploration was $9.41.
Including grassroots exploration drilling away from the Mine, the figure is
$12.30 per ounce. The newest discoveries to the south of the Mine have a cost
per ounce found of $6.44 (including the cost of drilling a portion through to
reserve).

'In last fiscal year's new discoveries, resources were quickly converted to
reserves and remain open for reserve expansion this year. The Kirkland Lake Camp
has tremendous exploration potential, and as the new South Zone attests to, the
cost per ounce found can be very economic' said Stew Carmichael, Chief
Exploration Geologist.

The first six months of the drilling campaign has been successful in laying the
foundation for the next phase of exploration. The campaign is on target with the
goals of drilling 500 -1,000 foot centres on aerially large, ore-bearing,
unexplored, vein systems and structures that have been identified on the
properties in Kirkland Lake. These targets have a combined potential to host
15,000,000 tons of ore (using a 25% success ratio although the Company has
demonstrated better than the historical 25% success ratio). There will be
follow-up of ore intersections to bring in new resources and reserves (50 - 200
foot centres). For the 2005 fiscal year the Company has budgeted exploration
expenditures of approximately $9,230,000.

A total of 231,390 feet were drilled in the one year period (Apr 31 2003- Apr 31
2004). Of the total spent on drilling ($3,147,000), $1,700,000 was exploration
drilling. This exploration covered various surface targets, the Narrows/'05
Break to the north, the D vein, the newly-discovered South Zone, and many
newly-discovered veins throughout the property. Most of the surface exploration
focused on grassroots targets.

Resources & Reserves Increase

The Company has calculated reserves and resources as of April 30, 2004 which are
summarized in the following table.

TONS GRADE OUNCES
(ounces
per ton)
Reserves
Proven 586,400 0.42 248,900
Probable 735,200 0.52 381,200

Total Proven + Probable 1,321,600 0.48 630,100

Resources
Measured 923,300 0.37 337,300
Indicated 2,329,500 0.30 708,800

Total Measured + Indicated 3,252,800 0.32 1,046,100

Total Proven + Probable + Measured + 4,574,400 0.37 1,676,200
Indicated

Inferred Resources 642,800 0.30 191,300

Notes:
1. The reserves and resources are estimated using the polygonal method.
2. All intersections are calculated out to a 5.0 foot minimum horizontal
mining width.
3. Dilution is added to reserves at varying rates depending on mining
method, and the width of the ore. Dilution in the reserve estimate overall
averages 26% at 0.02 ounces of gold per ton. All higher grades are cut to
3.50 ounces of gold per ton. The cut-off is 0.25 ounces of gold per ton
over the horizontal mining width.
4. The area of influence of the proven and measured categories are 30 feet
from development chip samples, probable and indicated categories are
50 feet of radius from a known sample point (drill holes); inferred is
another 50 feet of influence.
5. A 94% tonnage recovery is used. Continuity of the veins appears very good.
6. The assumptions used include $375 U.S. per ounce of gold, and an
exchange rate of $0.75 Canadian= U.S. $1.00 ($500 Canadian per ounce).
7. The Company is not aware of any environmental, permitting, legal,
title, taxation, socio-political, marketing or other issue that may
materially affect its estimate of mineral resources.
8. Mineral resources which are not mineral reserves do not have demonstrated
economic viability.

The full breakdown of the reserves and resources can be seen on the Company's
website.

Mining Now Self-Sustaining

Production has achieved continual increases both in terms of tons and grade
since resuming earlier in the fiscal year. Production tonnage has increased at a
constant rate of at least 1,000 tons per month. The extensive mine dewatering
campaign has a negative impact on the mine plan. The development tonnage
necessary to re-access the stope blocks has had the affect of lowering the grade
to date. This quarter is slated to have full production for the first time since
Kirkland Lake Gold began rehabilitating the property.

New Zones Found to the South of the Mine

The South Zone has added a new outlook to the Kirkland Lake Camp. Not only is it
a different style of mineralization (wide sulphide system), but it is running
north-south as apposed to the east-west nature of the mineralization from which
24 million ounces of gold have been mined to date in the Camp. The D Zone was
discovered last year and it too is north-south trending. At least four other
mineralized zones have been discovered to the south of the Mine.

About the Company

The Company purchased the Macassa Mine and the 1,500 ton per day mill along with
four former producing gold properties - Kirkland Lake Gold, Teck-Hughes, Lake
Shore and Wright Hargreaves - in December 2001. These properties, which have
historically produced some 22 million ounces of gold, extend over seven
kilometers between the Macassa Mine on the east and Wright Hargreaves on the
west and for the first time are being developed and explored under one owner.
This camp is located in the Abitibi Southern Greenstone Belt of Kirkland Lake,
Ontario, Canada.
The results of the Company's underground diamond drilling program have been
reviewed, verified (including sampling, analytical and test data) and compiled
by the Company's geological staff (which includes a 'qualified person', Michael
Sutton P.Geo. for the purpose of NI 43-101, Standards of Disclosure for Mineral
Projects).

The Company has implemented a quality assurance and control (QA/QC) program to
ensure sampling and analysis of all exploration work is conducted in accordance
with the best possible practices. The drill core is sawn in half with half of
the core samples shipped to the Swastika Laboratories in Swastika, Ontario or to
the Macassa mine laboratory for analysis. The other half of the core is retained
for future assay verification. Other QA/QC includes the insertion of blank
(non-mineralized) sections of core, and the regular re-assaying of pulps and
rejects at alternate certified labs (Polymet, Accurassay). Gold analysis is
conducted by fire assay using atomic absorption or gravimetric finish. The
laboratory re-assays at least 10% of all samples and additional checks may be
run on anomalous values.

The Company's Kirkland Lake properties are the subject of a report prepared by
Roland H. Ridler, B.A.Sc.(hons.), M.A.Sc., Ph.D.(Econ.Geol.), P.D., entitled
Kirkland Lake Mineral Properties (Macassa Mine, Kirkland Lake Gold, Teck-Hughes,
Lake Shore, Wright-Hargreaves dated November 30, 2001. The Company's Macassa
Mine Property is the subject of reserve reports prepared by

David W. Rennie, P.Eng. and Richard E. Routledge, M.Sc., P.Geol.
entitled Review of Mineral Resources and Mineral Reserves of the Macassa
Mine Property, Kirkland Lake, Ontario Prepared for Kirkland Lake Gold Inc
dated December 23, 2002 .
Michael Sutton P.Geo., and Stewart Carmichael, P.Geo. entitled Mineral
Resources and Mineral Reserves of the Macassa Mine Property, Kirkland Lake,
Ontario (Kirkland Lake Gold Inc.) as at April 30, 2003 dated August 30, 2003
Michael Sutton P.Geo., and Stewart Carmichael, P.Geo. entitled Mineral
Resources and Mineral Reserves of the Macassa Mine Property, Kirkland Lake,
Ontario (Kirkland Lake Gold Inc.) as at April 30, 2004 dated August 31, 2004


All of these technical reports have been filed on SEDAR (
www.sedar.com
< http://


www.sedar.com>),
except the 2004 report which will be filed within 30 days.


For further information, please contact:
Brian Hinchcliffe Investor Relations
President Scott Koyich
Phone 1 705 567 5208 Phone 1 403 215 5979
Fax 1 705 568 6444 E-mail:
info@klgold.com

cheers Gf.