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.

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.

Anyone know why Patagonian Gold blasted up 16% today? Also Zincox jumped 10%. Maybe time to go back into this GF.

rgrds
gk

Hi Gallick sorry I dont know, anyone else who can help out???????.

cheers GF.

Watch this one very carefully, it could become another stock market darling..................................................

Vane
MINERAL exploration company Vane Holdings has entered into a option agreement with Minera PAFEX, SA, to acquire the Mina Charay gold and silver prospect in the State of Sinaloa in western Mexico. Vane has planned a drilling and sampling programme on the prospect to take place throughout October and November and expects to announce the results of this programme early next year.


Daniel Stewart

cheers GF.

>> GF

Could just be the commodity bandwagon. I notice a Canadian organisation have taken a slice in zincox, and I have had my eye on PTG for some time.

The interesting thing about these stocks is that sometimes taking a flyer is not a bad idea. ie somebody knows something, but it may not constitute official news and therefore nothing is visible. Both these two are on the bounce, might be worth a punt (with the long term backdrop that commodities WILL rise further). Did you notice the bounce in BAU recently (I imagine you did as you are holding)?

PS. Liking the look of APF the more we go along.

rgrds
gk

Hi gallick,

I think we are just about at the crossroads in the markets at the moment, either we break out and up significantly or we go the other way.

Im well protected for the downside as I have previously posted including Bema and other small gold miners.

I held Zincox for about 2 months earlier in the year when that bloke wyatt whatevet tipped it but it moved downwards with the Zinc price later on and I sold.

I suppose I will have to have another look at that one.

APF and BISI are real gems, just more or less keep going up day on day, its really nice.

cheers GF.

ps, by the way been told this evening that UK Coal is going to have in the very near future a full re appraisal of all its freehold land and property so be ready to buy as an asset play rather than a mining play if the update comes out well, remember this one has all its coal sales until mid 2005 already locked into contracts at low coking coal prices - MUGS.

AFE is flying this a.m.

Yup must be on the back of news due out next week.

cheers Gf.

This was mentioned in t1ps.
On Wednesday, www.t1ps.com revealed that Chaco Resources, the cash shell that used to be known as Goldmines of Sardinia, may have a second deal in the pipeline after a reversal of Paraguayan oil exploration acreage into the group. Market whispers suggest that the second deal is in Libya. After we broke the news to a wider audience here on UK-Analyst, the shares are rose 0.35p to 2.17p. Thursday's scoop from the UK's top financial website was that African Eagle is likely to be announcing some cracking drilling results from its Eagle Eye copper deposit in Zambia as early as next week. African Eagle shares jumped 1p to 15.25p on the revelation. For more hot tips like these click here.

I hold a few New Millenium (NML) shares and they are currently waiting for imminent good news on their Angolan project. However, as a relative beginner, I would greatly appreciate the opinion of more experienced investors in the mining sector.

Well, lads and lasses, what do you think?

Guru,

I hold a few NML.

they are an AIM traded Australian company, with prospects in Greenland (diamonds / nobium), and Angola (diamonds).

They are currently concentrating on their C9 concession in Angola, as it offers a quick route to cashflow, that can be used to advance the Greenland properties.

The history is that NML promised to have equipment onsite in April, and be mining soon after. The reality is that schedule was far too ambitious, and changes were made at the top of the company after this failure.

The current situation is as follows;

NML have purchased mining equipment for the Badenhorst brothers, Kimberley S.Africa. A small dscounted placing was done to finance this, which did not go down too well with the current shareholders, but we have moved on now.

The equipment was shipped from Cape Town to Angola, where it has now cleared customs at quayside, and is due to depart today in a convoy of 40 trucks for the other side of the country, journey time around 5 days. The final few kilometres are through difficult terrain, and the route requires some "gardening" to be passable, so it will be slow going. NML are doubling up with another mining company for the convoy for "safety in numbers".



Angola has internal customs, so maybe a few hurdles to pass yet.

Once onsite, mining is due to commence stright away, and we hope for decent grades from the off. The Badenhorst brothers are experienced miners, and "can't wait to start" according to NML!

This is clearly a speculative play, with additional country risk, but, IMHO, is a reasonable speculation within a balanced portfolio.

If you have just invested, there shouldn't be too long to wait for commencement of mining, so there is a reasonable chance of some immediate upside in the SP.

NML are also in discussions about further joint ventures in Angola.

I hold, and am considering adding as mining approaches, but nothing is certain until those initial grades are announced, so DYOR, and good luck with whatever you chose to do.

Further information can be obtained at the company website ;

http://www.new-millennium.com.au/index.php

Andy.

Guru,

This has just been posted on another BB, by an infomed poster.

------------------------------------

4-9-2004

NML and JCI are sharing a convoy for security reasons, and NML has been held back a few days by JCI as their preparation and equipment delivery was a bit behind. This is a seriously massive mobilisation of men and equipment - a 2km long convoy of 40 big semi trailer trucks and hundreds of men and security accompanying. In fact this is the biggest peacetime convoy to leave Luanda, ever!

It will be a week up to site at least, and then demobilisation, assembly and then production begins. The fact that a major like JCI is joining forces with NML is extremely interesting, and demonstrates to me that management are taken seriously and this is going to be a decent sized operation. I have been part of a big shipment of stuff before in Australia but this is another order of magnitude greater - it is a serious logistical task and there is a lot of big kit being moved on these monster trucks. This will be the fifth mining operation in the country and the government is supplying the security (ie guaranteeing that their interest in the project becomes a production share) and ensuring smooth operation of the convoy. We are only a matter of days away from NML issuing some serious news and getting a decent rerating from the market as a result.

Intercept,

That's a very harsh statement IMHO, they were certanly guilty of being "overly optimistic", but more than that you can't say for sure.

Changes at the top resulted from that let down, and now they are doing it properly it would appear.

The facts are, They have bought the equipment, it has been shipped from Cape Town, S.Africa, to Luanda, Angola, then cleared customs, and been loaded upon a number of flat bed trucks for the trek to C9, a 4 - 5 day jouney across Angola.

The convoy was due to leave yesterday, so that's where we are now.

The Badhorst brothers are reputed to be experienced alluviam miners, and are onsite.

Not too much time to wait for initial grades now, I'm holding, probably adding, in the realisation that there is risk, and a good potential reward, and my position size within the portfolio reflects that.

I figured it was you.

Every one to their own investment style I suppose, and far be it from me to pffer any advise, but not sure what you're achieving by buying single 6p shares and paying dealing costs each time.

You seem very bitter about NML, did you take a hit early this year?

Is it Testex again with yet another name change? lol

intercept,

Well I am not blinkered, and do change my view from time to time, when circumstances change.

I still beleive NML are on track to be mining within the next month or so, and we just need confirmation of the grades IMHO.

Please feel free to tip away, I have an open mind.

I have started an NML thread, to avoid dominating this thread with discussions on one share.

Bisichi just goes from strength to strength as does Anglo Pacific on the ever increasing coal price. Rumoured that Cambrian Mining will have a pit mining and selling coal in the last 1/4 of this year.

Well worth further investigation.

cheers GF.

Almost 2 Million shares traded on AFE so far today. Does anyone know what is going on?