why is this taking sooooo long ! I know, its a Big deal and these take time. If its iamgold, fgs, they bought 15% in june of 09. Also heard a small up and coming Producer is interestede too. BUt who the heck knows. The waiting is killing me !. Been here 6 yrs in Feb. (ugh) Can u believe it, i got in feb of 06 at $1.59. Please make it stop !!! lol

Terange to Double reserves, Oromin mentioned… This bodes well for increased discoveries on OLE’s property.

G1

Teranga Gold Corporation: Exploration on the Mine License Produces 131 Metres at 3.45gpt Gold and 87 Metres at 3.11gpt Gold
TORONTO, ONTARIO–(Marketwire – Nov. 2, 2011) – Teranga Gold Corporation (TSX:TGZ)(ASX:TGZ) (“Teranga” or “the Company”) is pleased to provide an update of its Mine License and Regional Exploration programs through the September quarter of 2011.
Highlights:
/T/
— Exploration at the Sabodala Pit confirms the potential for higher grades
in an expanded pit to depth and to the north – drilling intersected
significant widths of high grade mineralization, including hole SBDH141D
of 131 metres at 3.45 grams of gold per tonne (“gpt”) and SBDH143D of 87
metres at 3.11 gpt included in four mineralized zones, on the Main Flat
Extension just outside the current pit design – the new high grade zones
remain open down plunge and to the northwest. These grades are twice the
current average reserve grade of 1.5gpt at Sabodala.
— Exploration drilling at Masato confirms the extension of the Masato
deposit from the neighbouring property onto the Sabodala Mining Licence
– including hole SMRC051D of 49 metres at 3.59 gpt in two mineralized
zones and hole SMRC055D of 64 metres at 2.45 gpt in three mineralized
zones – with significant potential for further upside as the deposit
remains open at depth and along strike.
— High-grade drill intersections at Gora continue to expand the potential
footprint of the deposit. The deposit remains open in all directions.
— Additional high-grade drilling results were received from a second
regional deposit at Toumboumba.
— Teranga plans to update reserves and resources at year end.
/T/
To view “Figure 1 – Teranga’s land package – 1,488km2; 2011 Exploration Budget – $35M”, please visit the following link: http://media3.marketwire.com/docs/TGZ_Figure1.pdf
To view “Figure 2 – Mine License drilling plan for 2011-2012”, please visit the following link: http://media3.marketwire.com/docs/TGZ_Figure2.pdf
“We are very encouraged by both the high grades and significant widths of mineralization seen in our recent drill results on the Mine License. These results make us very confident that we will be able to double our reserves on the Mine License in 2012. Our regional exploration program is also returning very encouraging results, which we hope will set us up for a discovery over the next 12 months,” said Mr. Alan R. Hill, Chairman and Chief Executive Officer.
Mine License Exploration – Figure 2
Exploration results in 2011 support management’s belief of the potential to expand proven and probable reserves from 1.5 million ounces of gold to 3 million ounces of gold, at similar or better grade to the current reserve (1.5gpt) from the Sabodala Mining License (“ML”) over the next 12 to 18 months. The larger reserve base is expected to result from the success of deepening the Sabodala pit to the north along the Main Flat Extension, extension of the Masato pit onto the ML, conversion of Niakafiri resources to reserves as well as adding reserves below these three large open pits. On the ML alone, this would increase the mine life to approximately 15 years at a run rate of about 200,000 ounces of gold produced annually and provide a solid production base to build on through the Regional Exploration Program. In order to increase reserves on the ML a minimum of 5 drill rigs will be testing new targets as well as converting existing resources to reserves at an estimated cost of $10 million in 2011 and at least an additional $10 million in 2012(1).
(1) While management has confidence in its projections based on exploration work done to date, the potential quantity and grade disclosed herein is conceptual in nature, and there has been insufficient exploration to define a mineral resource, therefore it is uncertain if further exploration will result in the targets being delineated as a mineral resource.
Highlights of drilling during the September quarter on the ML include the intersection of significant widths of high grade mineralization outside the Sabodala ultimate pit limit as part of the Main Flat Extension drill program which is expected to lead to an expansion of the final pit design and increased reserves, as well as the successful intersection and extension of the Masato deposit down dip 200 metres onto the ML.
During the September quarter Reverse Circulation (“RC”) and Diamond drilling (“DD”) on the ML totalled 13,000 metres from 5 drills. There are 7 drills operating on the ML at the present time (6 DD and 1 RC) and pending rig availability this number may increase to expedite resource expansion and reserve definition drilling through the December quarter and into 2012.
For full drill results from our regional exploration program please see the Company’s website at http://www.terangagold.com/English/Investors/NewsReleases/NewsReleaseDetails/2011/SupplementalInformation-DrillResultsSeptember302011/default.aspx

Read more: http://www.digitaljournal.com/pr/475623#ixzz1cYRbtwJA

who’s it gonna be ??…. IamGold, Rangold, Harmony, Semafo, Perseus, Centamin, Agnico, Teranga, GoldFields,
Aurico,Eldorado. ….Pick 2.
I did call IamGold, and they wont comment, and Ole’s HQ wont comment either. Something;s gotta be Up. I just hope its WAy UP.

Dale…. cant agree more w/ you. BigTime NiteMare…. i think everyone is just soooo sick of it. Even the Brokers hate it, and want it Gone. The ones i speak w/ hate it…. partly b/c it just wont go away…. and lets face it,,,, they dont Like Chet either. Thats what i’m hearing.
Many who have done his GD PP’s have to look their Clients in the face now when it’s at 89 cents, (who last bought at 1.30 is a bigger joke) and do some “splaining”. Welll they’re out of Escuses, and so is Chet. I hear Chet cant go to Bay Street anymore to talk w/ Brokers. he’s a bit of a Joke. But ehs gonna be a joker that made $30 mil ++ when this deal is over year end.

Caliche – I put both symbols in the TMX and found out who these companies are. Which do you like most?

To all. You have to read the article by Rick Ackerman’s article on “why gold exploration stocks are primed to explode” at goldseek.com.

tax question:

Do you guys wait 30 days to buy back tax loss sell stocks? Or do you buy them in a wife or kid’s account the same day? I am trying to figure out the best route. Thanks for the input.

generally not a warm fuzzy feeling when Dave Scott is avoiding your calls and emails….

I know he has an Iphone and is getting my emails and 6 phone calls and “just out of the office for 10 minutes” …..

I think the shareholders need to start making some noise. This “Blackout” period has gone on too long…

DS….hmmm nice initials…when you deal with money, somebody’s always willing to catch…..sad, but true.

Hey DS, make sure you release something good in the next 30 days, I’m considering selling the shares for a nice tax loss…thanks for that by the way 🙂

No Thanksgiving celebration?

With the lack of any movement since these rumors started, I’m beginning to think all this talk about a buy-out by EOY is just BS on which no one is biting. Just some people trying to get a boost in price to get out. Not accusing anyone on this board, but maybe someone(s) a lot higher up on the food chain than us.

But I’ll be happy to be proven wrong… Finally!

Dark period – yeah, ok. Black Hole period – not so OK.

Cal,

What do you think would happen to gold if the States eliminated the Federal Reserve and endorsed the idea of competing currencies where people could opt out of using federal reserve notes and conduct business in gold-backed notes and precious metal coins instead?