Chalice Hits High Grade 39.25g/t Gold in Eritrea

Further High Grade Gold Hits will enhance the Zara Project

By Chalice Gold,

Chalice Gold Mines (ASX: CHN; TSX: CXN) and Zara Mining Share Company (Chalice 60%, ENAMCO 40%) are pleased to announce that new drilling results have confirmed extensions to the high-grade mineralisation at the emerging Koka South discovery, located immediately south of its flagship Koka Gold Deposit, part of the Zara Gold Project in northern Eritrea.

Results have now been received for a further two holes that were drilled to the south of previous drilling with both holes returning high-grade intersections, including: Continue reading

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Sunridge Gold Poised for a Significant upward Valuation Trend in 2012

Is Sunridge the next Nevsun?

By Deborah Sterescu,

Based on a recent site visit to Sunridge Gold’s (CVE:SGC) properties in Eritrea, the company received a stellar assessment from capital markets firm Ocean Equities Thursday, who said Sunridge was poised for a “significant re-rating” in 2012.

A recent site visit hosted by Sunridge Gold…highlighted the quality of mineral deposits in Eritrea and the exciting prospects of mining in a nation that currently has a severe misconception from the investment community,” Ocean analyst Adam Lucas said. Continue reading