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Exploring Today's Gold Stocks: Week of May 4, 2008

Geologix Explorations Recovers 178 Meters of 0.62 g/t Gold

By Luke Burgess
Monday, May 12th, 2008

New and Ongoing Exploration Programs

International Tower Hill Mines Ltd. • AMEX: THM / TSX-V: ITH
Share Price: US$1.65 / C$1.69

International Tower Hill has began resource expansion drilling at the Livengood Gold Project. The company plans to drill approximately 42,000 meters in up to 175 holes within the core target area, which covers an area of approximately 1.5 square kilometers. The resource expansion program will focus on the higher-grade Lillian Zone of the deposit and is designed to double the size of the 2.0 million ounce inferred gold resource (87.8 million tonnes at a grade of 0.71 g/t using a 0.50 g/t gold cutoff), which is contained within the global inferred resource of 3.3 million ounces of gold (188 million tonnes at a grade of 0.54 g/t gold using a 0.30 g/t gold cutoff).

The Lillian Zone has returned a number of higher grade intervals such as 8.8 meters grading 9.95 g/t gold, 8.5 meters grading 9.64 g/t gold and 3.5 meters grading 7.33 g/t gold, contained within thick (+50 meter) intervals averaging above 1 g/t gold. The grade-tonnage curve produced from the initial resource calculation using 48 drill holes indicates there is a significant potential to define a large resource at Livengood. With just 25% of the core target area drilled to date, the company considers that the upside potential for the deposit is enormous.

Pelangio Mines Inc. • TSX: PLG
Share Price: C$3.99

Pelangio has commenced a 2000 meter drilling program at its Obuasi property in Ghana. The 10-hole program will focus on the extension of the Obuasi mine trend where Pelangio has identified gold and copper soil anomalies and geophysical conductors from the 2007 survey. This program is the first part of a projected 10,000 meters to be completed in 2008. The company recently completed a drill program at its 100% owned Seeley Lake property in the Hemlo area of northwestern Ontario and at its 100% owned Black Township property located approximately 100 kilometers southwest of Timmins.

Gold Fields Ltd. • NYSE: GFI / TSX-V: GHR
Share Price: US$13.87

Gold Fields has begun field work on Redstar Gold Corp.'s (TSX-V: RGC) 100% owned Richmond Summit and Dry Gulch projects within the Carlin Trend in Nevada. Under Letters of Intent executed in March, Gold Fields has committed $1.4 million in exploration expenses on the projects during the first year. The initial work program on Richmond Summit and Dry Gulch is well underway and includes geological mapping, rock-chip sampling, gravity and magnetic geophysical surveys, and trenching. The geophysical surveys are now complete and trenching is expected to begin on the Richmond Summit property before the end of the second quarter and drilling on both projects is planned after results are received from the trenching program. The strongest gold mineralization identified to date occurs in the Main Zone, where surface samples reach 7.75 g/t gold. Channel sampling in trenches in this area has also returned 3.048 g/t gold over 20 feet and 4.960 g/t gold over 10 feet.

Mediterranean Resources Ltd. • TSX: MNR
Share Price: C$0.22

Mediterranean recently announced that drilling has begun on its Tac and Corak gold properties in northeastern Turkey. The company's focus will be the continued exploration and development of Tac and Corak through a significant 15,000 meter drill campaign planned this year. This campaign will also include conducting an IP 16 line kilometer survey for chargeability and resistivity at Celtik and drilling targets identified by ground exploration programs performed in 2007.

Anglo Swiss Resources Inc. • TSX-V: ASW / OTCBB: ASWRF
Share Price: C$0.23 / US$0.26

Anglo Swiss has commenced a Phase II diamond drilling program has at its wholly owned Kenville gold property, located near the city of Nelson, in southeastern British Columbia. This program is contracted for 10,000 meters and will test three separate and distinct mineralized zones present on the Kenville Mine property. Previous exploration of the Eagle gold vein at Kenville, situated within the western portion of the property, returned results as high as 82.15 g/t gold over 0.30 meters.


New Drill Results

Carpathian Gold Inc. • TSX: CPN
Share Price: C$0.38

Ciresata prospect, Rovina Exploration License, Romania

Drilhole ID Number Intersection
Gold Grade
Comments
RGD-3
163 meters 0.74 g/t
including 0.14% copper
including
42 meters1.00 g/t including 0.17% copper
RGD-5
65 meters0.77 g/t including 0.12% copper
including
22 meters1.56 g/t including 0.18% copper


Detour Gold Corp. • TSX: DGC
Share Price: C$18.79

Calcite zone, Detour Lake property, Canada

Drilhole ID Number Intersection
Gold Grade
Comments
DG-07-247
20 meters 9.36 g/t
n/a
DG-07-259
69 meters2.26 g/t n/a
DG-07-259
27 meters5.21 g/t n/a


Colossus Minerals Inc. • TSX: CSI
Share Price: C$1.60

Natividade project, Brazil

Drilhole ID Number Intersection
Gold Grade
Comments
NRD017
2 meters 34.91 g/t
n/a
NRD024
19 meters7.72 g/t n/a
indlucing
8 meters16.05 g/t n/a
NRD039
9 meters1.04 g/t n/a


Kinbauri Gold Corp. • TSX-V: KNB
Share Price: C$0.85

El Valle project, Spain

Drilhole ID Number Intersection
Gold Grade
Comments
DDH08KV1093
15.8 meters 4.42 g/t
including 22.3 g/t silver and 0.41% copper
DDH08KV109421.5 meters2.45 g/t including 7.8 g/t silver and 0.26% copper
DDH08KV109828.4 meters2.25 g/t inculding 10.6 g/t silver and 0.46% copper
DDH08KV110017.95 meters2.64 g/t including 10.9 g/t silver and 0.60% copper
DDH08KV110119.7 meters2.29 g/t including 13.7 g/t silver and 0.65% copper


Geologix Explorations Inc. • TSX-V: GIX
Share Price: US$1.81

San Agustia project, Mexico

Drilhole ID Number Intersection
Gold Grade
Comments
SA-186
294.30 meters0.46 g/t including 15.36 g/t silver, 0.10% lead, and 0.53% zinc
SA-187
350.40 meters

0.25 g/t

including 24.05 g/t silver, 0.16% lead, and 0.84% zinc


Did we miss a new exploration program or set of drill results that you think are noteworthy? Tell us by making a comment below.


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Comments:

Comment by richard barndon on 2008-05-12
It has 1.1 million oz of gold to be upgraded soon...It has a nickel prospect plus Uranium prospect.
CODE on ASX is AAM.

ALSO CHECK PRE (Gold), FDL(iron and diamonds. for growth

"No man should be governed by another" - Luke Burgess
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