Update on Mining: Eldora Gold Resources Canada News

PMI Gold to appoint two non-executive directors, Peter Buck and Ross Ashton to the board subject to the co-listing of the company in Australia. 

Eldora Gold Resources Canada News: Update on Mining - VANCOUVER, Oct. 21 /CNW/ - PMI Gold Corporation (TSX.V:PMV) ("PMI Gold" or "the Company") announces that Mr. Peter Buck and Mr. Ross Ashton have agreed to join the Board of PMI Gold as Independent Non-Executive Directors subject to and following its proposed Australian co-listing. 
Commenting on the appointments of Messrs. Buck and Ashton (Members AUSIMM), PMI Gold CEO, Douglas MacQuarrie stated "PMI Gold is pleased to be able to attract such experienced and respected Australian Directors to join the Board of the Company following its proposed Australian listing. Mr. Buck has been associated with the discovery and development of a number of mineral deposits in Australia and Brazil, and Mr. Ashton was the founding Managing Director of Red Back Mining Inc., which was recently the subject of a merger with Kinross Gold Corporation which valued Red Back at US$7.1B. Their wealth of exploration and development experience will be invaluable for PMI Gold as the Company progresses development at its Obotan and Kubi Gold Projects in Ghana." 
Mr. Buck is a geologist with 35 years of international exploration and production experience, principally in nickel, base metals and gold. During his career he has been associated with the discovery and development of a number of mineral deposits in Australia and Brazil. 
Mr. Buck worked with WMC Resources for 23 years in a variety of senior exploration and production roles, before joining Forrestania Gold as Exploration Manager in 1994. Forrestania Gold was subsequently acquired by LionOre Mining International with whom he was the Director of Exploration & Geology until mid-2006. He managed the highly successful exploration team that discovered several nickel deposits and the two million ounce Thunderbox gold deposit in Western Australia. Also, he played key senior management role in progressing these deposits through feasibility studies to production. Mr. Buck also played key senior advisory roles in indigenous relations in Australia, LionOre's African operations and new business development. During this period Mr. Buck was also a non-Executive Director with Gallery Resources (now IAMGOLD), and Breakaway Resources. 
In 2006, Mr. Buck played a key role in managing the divestment of a large portion of LionOre's nickel exploration portfolio into Breakaway Resources. Following this transaction, Mr. Buck became the Managing Director and CEO of Breakaway. In 2009 Mr. Buck left Breakaway to pursue other professional and personal interests. 
Mr. Buck is currently Vice President of The Association of Mining and Exploration Companies (AMEC) and a Board Member of the Centre for Exploration Targeting established at the University of Western Australia and Curtin University. 
Mr. Ashton has been involved in the exploration, consulting, financing and development of international resource projects since 1972. Most recently in his capacity as Managing Director and subsequently Chair of Red Back Mining Inc., Mr. Ashton was responsible for identifying the prospectively and leading the team which discovered the multi million ounce Chirano gold deposit in Ghana. In 2004 Mr. Ashton re-domiciled Red Back from the ASX to the TSX with a new Canadian CEO, management and board. In 2005 Mr. Ashton resigned as Red Back Chair. In September, 2010 Red Back, as a +400,000 ounce per year gold producer, was the subject of a merger with Kinross Gold Corporation which valued that company at US$7.1B. 
Mr. Ashton is a Non Executive Director of Brockman Resources Limited, an ASX listed iron ore explorer/developer with a market cap of ~$500 million. 
With the appointment of Messrs. Buck and Ashton to the Board of PMI Gold, subject to and following the proposed Australian co-listing, Mr. Len Dennis will resign as a board member but will remain with the Company as a consultant. 

On behalf of the Board, 
"Douglas R. MacQuarrie" 
President and CEO 
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 
Eldora Gold Resources Canada News: Update on Mining - This news release contains forward-looking statements which involve known and unknown risks, delays and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or expectations implied by these forward-looking statements. We Seek Safe Harbour. 
Eldora Gold Resources Canada News: Update on Mining - About PMI Gold. Mining analysts have recently stated that West Africa will soon become the World's second largest gold producing region after China, with Ghana by far the largest gold producer in West Africa. PMI Gold controls four previous operating mines on 85 kilometres of Ghana's major gold belts all located near the centre of near 200 million ounces of historical gold production and current resources. Our Kubi Gold Project (NI43-101 mineral resource estimate of 604,000 ounces @3.66 g/t gold Indicated; 315,000 ounces @1.88 g/t gold Inferred, see SEDAR) adjoins the 60 million ounce AngloGold Ashanti Obuasi mine, the largest underground mine in West Africa with a 113 year, continuous mining history. At Obotan, where previous mining yielded 730,000 ounces of gold at a grade of 2.2 g/t, we recently announced a maiden +1 million ounce gold mineral resource estimate, and the commencement of an aggressive drilling campaign.

Focus: About Eldora Gold Resources Canada

About Eldora Gold Resources Canada: Eldora Gold was founded by a group of experts in the mineral recovery and mining industry, whose focus is to provide accurate information, state of the art equipment and outstanding customer service. There are 3 core founders, each with a unique and extensive background. The President has been involved in technical sales and engineering for over 25 years holding 5 certificates in ferrous metallurgy and is a member of the Society of Manufacturing Engineers. He also brings with him and extensive manufacturing background and a strong sales history specializing in the technical sales of Eldora Gold Resources Canada’s tailings processing service along with the Property Evaluation service. Our Chief Geologist has been a consultant/contractor in the mining exploration industry for over 20 years and holds a BSc in Geology from McMaster University. With extensive mining and database experience from projects worldwide, his client list is very extensive and includes some of the top names in the mining industry. Specializing in Property Evaluation using Eldora Gold Resources Canada’s data analysis process he offers accurate property reports using the latest technology. About Eldora Gold Resources Canada: The Company’s Technical Manager has more than 30 years experience in manufacturing and process plant operations holding a BSc in Metallurgical Engineering from the University of Toronto as well as significant experience in precious metals refining. He also holds a US patent in Cadmium-free gold solder alloys. He specializes in the tailings processing technology and all engineering aspects of Eldora Gold Resources Canada’s proprietary equipment and techniques. Eldora Gold Resources Canada has developed and is offering a proprietary separation technique for extracting mineral content from mining tailings. Our technology has no up-front cost to the client due to the low capital cost of the equipment. Eldora Gold Resources Canada will start by verifying the mineral content of the tailings through certified sample testing and we will supply the equipment and training necessary to extract the mineral concentrate. Frankfurt Listing. Eldora Gold Resources Canada has applied for a listing on the Frankfurt Stock Exchange – Open Market. The company expects to have achieved its full listing status during the 4th Quarter of 2010. Please direct all Investor Inquiries to investors@eldoragold.com Tailings Processing. Tailings processing is our operations division which provides a chemical free, environmentally friendly solution to the process of extracting minerals from tailings. Eldora Gold Resources Canada has developed proprietary equipment and techniques that extract mineral concentrate from existing tailings. Our technique also reduces the negative environmental effect of the chemicals remaining in the tailings from the original mining process. Our low capital cost approach and high mineral recovery percentage provides an extremely profitable option for our clients. Eldora Gold also provides a database of buyers willing to purchase the concentrate. Tailings Processing Technology. Eldora Gold Resources Canada has developed and is offering a proprietary separation technique for extracting mineral content from mining tailings. Our technology has no up-front cost to the client due to the low capital cost of the equipment.

Eldora Gold Resources ER5 actively trading on Frankfurt Stock Exchange

Winona) -- Eldora Gold Resources Ltd., a mineral restoration firm, is actually very pleased to be able to broadcast that its inventory is currently buying and selling around the Initial Estimate Panel (Open Market) with the Frankfurt Share Trade as of March 14. “The response has been extraordinary,” states Eldora Rare metal president Sonny Wilcox. The organization symbol ER5 has been given final month through Deutsche Börse.

Eldora successfully exhibited its physical splitting up procedure, known as GravSep™, at the PDAC convention in Toronto just last week. The GravSep™ enables the organization to remove valuable mineral content from tailings, and ultimately return those cleaned-out tailings back to the soil. Eldora Gold’s Tailings Processing division may begin to establish a brand new work on its first prioritized tailings removal website within Kirkland Pond, Canada, having currently conducted on-site trial tests and results analysis.

In times past, tailings have usually been a good unwanted byproduct associated with mining from an eco perspective, significantly impacting wildlife and water dining tables badly. GravSep™ dramatically decreases the acid-developing nutrient content material of those tailings during the actual nutrient extraction process. The outcome is more clean tailings. The particular lucrative purchase of the recovered nutrient focus offers my own owners incentive to make use of Eldora Rare metal technology to quit the ongoing damage with the atmosphere.

Of course profitably dealing with the particular critical clean-up problems facing present proprietors of former mining sites, the particular chemical-free GravSep™ process enables niche build up anywhere on the planet to become considered for successful treatment and rehab, whilst extracting and recovering nutrient concentrates which have significant bad environmental results any time remaining in-situ.

Eldora Precious metal offers portable and easy to take care of equipment that can end up being particularly customized to every deposit. As soon as extracted, these types of centers will contain the majority associated with mineral deposits along with recoverable steel values at present residing within the tailings, which coincidentally are the minerals accountable for your unfavorable ecological effects of the authentic tailings’ removal.

Eldora Rare metal Resources Ltd. is a Canadian business, devoted in order to analyzing as well as showing priority for tailings fish ponds, in addition to the chemical-free recovery as well as purchase regarding taken out nutrients in the form of the useful concentrate; Eldora Rare metal is itemizing the common shares on the Frankfurt Stock Exchange (symbol ER5), Open Marketplace.

Eldora Gold Resources Ltd (ER5:GR) Stock Quote & Analysis - Bloomberg

Eldora Gold Resources Ltd. produces gold. The Company separates gold from old mine tailings, reduces the acid forming mineral content from the tailings, and returns the cleaned tailings to the environment. Eldora operates in Kirkland Lake, Canada.

About Eldora Gold Resources Canada: Tailings Processing Technology

Eldora Gold Resources Canada: Tailings processing is our operations division which provides a chemical free, environmentally friendly solution to the process of extracting minerals from tailings.

Eldora has developed proprietary equipment and techniques that extract mineral concentrate from existing tailings. Our technique also reduces the negative environmental effect of the chemicals remaining in the tailings from the original mining process.

Our low capital cost approach and high mineral recovery percentage provides an extremely profitable option for our clients. Eldora Gold also provides a database of buyers willing to purchase the concentrate.

Tailings Processing Technology

Eldora Gold has developed and is offering a proprietary separation technique for extracting mineral content from mining tailings. Our technology has no up-front cost to the client due to the low capital cost of the equipment.

Eldora Gold will start by verifying the mineral content of the tailings through certified sample testing and, if successful, we will supply the equipment and training necessary to extract the mineral concentrate. We also provide the buyer for the extracted concentrate.

The fee for these services is an agreed upon percentage of the mineral concentrate sale which is typically in the range of one third of the concentrate sale price. The fee to Eldora Gold is only payable after the sale of the concentrate resulting in no risk to the customer.

The technology behind our processing technique is completely chemical free and proprietary. Extensive development and years of experience have resulted in a technique that not only extracts the majority of valuable mineral content of the tailings, it leaves the remaining tailings with a significantly lower content of the acid forming minerals from the original ores.

Tailings have always been an unwanted by-product of mining from an environmental standpoint. These tailings are left in piles and leach environmentally destructive materials into the surrounding soil.

This greatly affects wildlife and water tables for years to come. Our process drastically reduces the acid forming mineral content of these tailings during the mineral extraction process.

The result is cleaner tailings and the extraction of significant amounts of valuable minerals. The sale of the mineral concentrate provides significant profit to the customer and provides the incentive to use our technology to stop the destruction of the environment.

About Eldora Gold Resources Canada: Eldora Gold was founded by a group of experts in the mineral recovery and mining industry, whose focus is to provide accurate information, state of the art equipment and outstanding customer service. There are 3 core founders, each with a unique and extensive background.

About Eldora Gold Resources Canada: The Company’s Technical Manager has more than 30 years experience in manufacturing and process plant operations holding a BSc In Metallurgical Engineering from the University of Toronto as well as significant experience in precious metals refining. He also holds a US patent in Cadmium-free gold solder alloys. He specializes in the tailings processing technology and all engineering aspects of Eldora Gold Resources Canada’s proprietary equipment and techniques.

Eldora Gold Resources News: Gold regains 20k level on Seasonal Demand

Eldora Gold Resources Latest News: New Delhi, Gold prices regained Rs 20,000 per 10 gram level and silver rose to an all-time-high in the national capital on frantic buying by stockists and jewellers to meet ongoing festive and marriage season demand, amid a firm global trend.

As the gold prices rose by Rs 75 to Rs 20,000 per 10 gram, a level last seen on October 19, the silver spurted by Rs 200 to Rs 37,700 per kg, a level never seen before.
Trading sentiment turned extremely bullish after silver surged to 30-year high in overseas markets, as a weaker dollar increased the investment appeal of precious metals.
While the silver in overseas markets, which normally set a price trend on the domestic front here, rose 1.2 per cent to USD 25.05 an ounce, the highest level since March 1980 and gold to a two-week high by rising 0.2 per cent to USD 1,361.45 an ounce.
Buying activity further fuelled retailers and jewellers to buy for coming Diwali and Dhanterus, the two most auspicious days in Hindu mythology for making new purchases of precious metals.

Eldora Gold Resources News: Gold regains 20k level on seasonal demand - On the domestic front, the gold of 99.9 and 99.5 per cent purity rose by Rs 75 each to Rs 20,000 and Rs 19,900 per 10 gram, respectively. Sovereign also gained Rs 50 to Rs 15,950 per piece of eight gram.

Silver ready spurted by Rs 200 to an all-time high of Rs 37,700 per kg and weekly-based delivery by Rs 240 to Rs 37,295 per kg.

Eldora Gold Resources News: Gold regains 20k level on seasonal demand - Silver coins spurted by Rs 620 to a new peak level of Rs 42,500 for buying and Rs 43,000 for selling of 100 pieces. The silver coins normally used for worshipping on Diwali, witnessed maximum buying.

 Eldora Gold was founded by a group of experts in the mineral recovery and mining industry, whose focus is to provide accurate information, state of the art equipment and outstanding customer service. There are 3 core founders, each with a unique and extensive background.

The President has been involved in technical sales and engineering for over 25 years holding 5 certificates in ferrous metallurgy and is a member of the Society of Manufacturing Engineers. He also brings with him and extensive manufacturing background and a strong sales history specializing in the technical sales of Eldora Gold Resources Canada’s tailings processing service along with the Property Evaluation service.

Our Chief Geologist has been a consultant/contractor in the mining exploration industry for over 20 years and holds a BSc In Geology from McMaster University. With extensive mining and database experience from projects worldwide, his client list is very extensive and includes some of the top names in the mining industry. Specializing in Property Evaluation using Eldora Gold Resources Canada’s data analysis process he offers accurate property reports using the latest technology.

Eldora Gold Resources News: Gold regains 20k level on Seasonal Demand

Eldora Gold Resources Latest News: New Delhi, Gold prices regained Rs 20,000 per 10 gram level and silver rose to an all-time-high in the national capital on frantic buying by stockists and jewellers to meet ongoing festive and marriage season demand, amid a firm global trend.

As the gold prices rose by Rs 75 to Rs 20,000 per 10 gram, a level last seen on October 19, the silver spurted by Rs 200 to Rs 37,700 per kg, a level never seen before.
Trading sentiment turned extremely bullish after silver surged to 30-year high in overseas markets, as a weaker dollar increased the investment appeal of precious metals.
While the silver in overseas markets, which normally set a price trend on the domestic front here, rose 1.2 per cent to USD 25.05 an ounce, the highest level since March 1980 and gold to a two-week high by rising 0.2 per cent to USD 1,361.45 an ounce.
Buying activity further fuelled retailers and jewellers to buy for coming Diwali and Dhanterus, the two most auspicious days in Hindu mythology for making new purchases of precious metals.

Eldora Gold Resources News: Gold regains 20k level on seasonal demand - On the domestic front, the gold of 99.9 and 99.5 per cent purity rose by Rs 75 each to Rs 20,000 and Rs 19,900 per 10 gram, respectively. Sovereign also gained Rs 50 to Rs 15,950 per piece of eight gram.

Silver ready spurted by Rs 200 to an all-time high of Rs 37,700 per kg and weekly-based delivery by Rs 240 to Rs 37,295 per kg.

Eldora Gold Resources News: Gold regains 20k level on seasonal demand - Silver coins spurted by Rs 620 to a new peak level of Rs 42,500 for buying and Rs 43,000 for selling of 100 pieces. The silver coins normally used for worshipping on Diwali, witnessed maximum buying.

 Eldora Gold was founded by a group of experts in the mineral recovery and mining industry, whose focus is to provide accurate information, state of the art equipment and outstanding customer service. There are 3 core founders, each with a unique and extensive background.

The President has been involved in technical sales and engineering for over 25 years holding 5 certificates in ferrous metallurgy and is a member of the Society of Manufacturing Engineers. He also brings with him and extensive manufacturing background and a strong sales history specializing in the technical sales of Eldora Gold Resources Canada’s tailings processing service along with the Property Evaluation service.

Our Chief Geologist has been a consultant/contractor in the mining exploration industry for over 20 years and holds a BSc In Geology from McMaster University. With extensive mining and database experience from projects worldwide, his client list is very extensive and includes some of the top names in the mining industry. Specializing in Property Evaluation using Eldora Gold Resources Canada’s data analysis process he offers accurate property reports using the latest technology.