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Friday, April 11, 2008

African Gold Group Enters Mali

African Gold Group, Inc. is pleased to report that it has entered into a Memorandum of Undertaking (the "Agreement") with Compagnie Miniere d'Or ("Cominor") SA, of France, to purchase 100% of Cominor's assets located in The Republic of Mali, West Africa.

As per the terms of the Agreement, the Company will acquire:


The body of reference material that comprises a historical data base, for each of the concessions, derived from the past expenditure of approximately EUR5,000,000 in exploration and development capital.
Three exploration permits, for three separate mineral concessions, each of which has its own separate Establishment Convention.
A variety of ground transportation and exploration equipment.
for a price of 750,000 EUR to be paid in three installments, a first amount of 250,000 EUR being payable upon signing the Agreement and the other payments being conditional on the issuance of the Ministerial Order authorizing the assignment of the exploration permits to AGG.

The aforementioned three exploration permits consist of the:



The Bagoe - West concession, which comprises 183 sq. km of land located in the Sikasso Region;
The Kobada concession, comprising 41 sq. km of land located in the Kangaba region.
The Bagoe - East concession, which comprises 183 sq. km of land located in the Sikasso Region;
To date, we have confined African Gold Group's land package to Ghana, West Africa, in accordance with our initial strategy of building a solid foundation, within a solid mining jurisdiction. Entering Mali represents a significant milestone in the life of AGG, as it too has always been a part of our core strategy that dates back to the inception of the Company. My first encounter with the considerable potential of the Cominor land package dates back to 1987 when it was controlled by the BRGM. I am personally very pleased that we are entering Mali as a result of this particular transaction,states CEO Greg Hawkins, P. Geo.

Cominor, is a subsidiary of Cogema, SA, one of the world's largest producers of Uranium. The divestiture of the Cominor assets is in keeping with Cogema's return to its primary focus on its core operations.

African Gold Group will commence an immediate review and compilation of the data base associated with the historical exploration programs that pertains to each of the three mineral concessions that are the subject of this agreement and report to shareholders upon completion of the exercise.

African Gold Group, Inc. based in Toronto, is engaged in the identification, acquisition and exploration of prospective gold projects that are situated along significant gold trends within the region of West Africa. The Company's immediate focus is to systematically explore both surface, and in particular, subsurface targets that have been identified within the Company's current portfolio of gold mineralized concessions...

Source by MARKET WIRE

posted by Jewelry Blogger at 5:07 PM

Wednesday, August 03, 2005
Tonogold Resources, Inc. Announces Nyac Gold Project in Alaska

LA JOLLA, CA may 24 2005

Tonogold Resources, Inc. is pleased to announce the signing of an Exploration and Lode Mining Lease for the Nyac Gold Project in southwestern Alaska. The agreement, Tonogold's first in Alaska was signed recently with Calista Corporation, the second largest of the 13 regional native corporations in Alaska with land entitlements of more than 6.5 million acres.

The Nyac Gold Project is located approximately 60 miles east of Bethel, Alaska and 300 miles west of Anchorage covering an area of approximately 57,600 acres. The Nyac District is located on the Tuluksak River and in the Kilbuck Mountains. The district lies within the Kuskokwin Gold Belt and southwestern extension of the recently recognized Tintina Gold Belt. One of the principal Calista properties in the Tintana Belt is the world-class Donlin Creek property located 150 miles east of Nyac and currently being developed by Placer Dome. Historical production in the Nyac District totals more than 500,000 ounces of gold, from 1908 to the present day. The current placer operator is Tuluksak Dredging, Ltd. Two dirt airstrips near the property provide small aircraft access. Periodic barge access is also possible on the Kuskokwim River during the summer.

Tonogold intends to move this early stage exploration property forward to advanced exploration status as quickly as possible. Fieldwork starting in June 2005 will include an intense surface geochem sampling and mapping program. Plans are also underway for an exploration permit and drilling in the 2006 season.

Jeff Janda, president of Tonogold said,
"The Nyac Lease represents a major expansion of Tonogold's exploration activities. Alaska is consistently rated as one of the top gold exploration and mining jurisdictions in the world with attractive geological targets and a favorable regulatory environment. By teaming up with Calista Corporation we get a knowledgeable local partner with a track-record of working with mining companies to develop world class deposits."
Detailed terms of the agreement were not released but Tonogold said the Lease provides for an annual advanced royalty payable to Calista, minimum annual work requirements, a net smelter royalty when in production and an annual scholarship contribution to the Calista Scholarship Fund. Tonogold also intends to maximize the use of Calista shareholders as part of the fieldwork teams and Chiulista Camps Services' excellent field camp services program. Chiulista Camp Services is a wholly owned subsidiary of Calista Corporation.

Janda also stated,
The Nyac Gold Project was one of several opportunities presented recently to Tonogold. Nyac allows Tonogold to proceed with a significant fieldwork program in the summer of 2005 and a base for other projects being contemplated in Alaska both in 2005 and in later years. One of the main attributes of Nyac is the location on four drainages that have significant placer gold occurrences. This placer gold is apparently the result of very short transportation distances, less than four miles, indicating very attractive lode sources. We are pleased to be associated with Calista Corporation, a company we have found to provide excellent technical information and a cooperative atmosp

Gold mine

We wrote about Kilgore Minerals this past winter, because it holds prospective U.S. uranium properties. While studying the company, it became evident the company’s uranium would take a backseat to the company’s gold property in southern Idaho. We reviewed Robert Bishop’s commentary in his self-published Gold Mining Stock Report. Mr. Bishop is highly regarded as an astute junior gold stock picker, and his analysis is quite thorough. There is little doubt Bishop holds high esteem for Kilgore Minerals’ Chief Executive Norman Burmeister.

More importantly, the very successful Pinetree Capital (Toronto: PNP) has made a significant investment in Kilgore. Respectively, the Chief Executive and CFO, Sheldon Inwentash and Larry Goldberg, of both Pinetree Capital and heavily touted Mega Uranium (TSX: MGA), have personally invested in Kilgore Minerals. A recent Forbes magazine article took a swipe at both Mega Uranium and Pinetree Capital. Actually, it was more of a head butt. Pinetree Capital is back to trading above C$17/share, up from a year ago when it traded for less than $3/share. So the Forbes article was a non-event for Pinetree Capital. And their holdings in Kilgore Minerals, which reportedly are estimated at between 10 and 20 percent of the company, were passed by without notice.

Property History

Kilgore’s Idaho gold property has been explored since the 1930’s, when a gold discovery was made by the Blue Ledge Co. Nearly 50 claims were staked in 1982 and leased to a Kennecott subsidiary in the mid 1980s. Seven holes were drilled. By 1990, Placer Dome acquired the property and drilled 39 holes, more than 21,000 feet of drilling. A Pegasus joint venture drilled another 23 holes, nearly 10,000 feet of drilling, by 1994. Echo Bay earned majority interest in the property, by 1996, after having spent $3.5 million drilling 122 holes for more than 82,000 feet. In 1997, with the falling price of gold and troubles in the mining sector brought on by the Indonesia stock fraud, Bre-X Minerals, Echo Bay dropped its exploration ambitions on Kilgore – and shelved all of its exploration projects. In 1998, Latitude Minerals continued a modest exploration of a little more than 4,000 feet.

Near the bottom of the gold bear market, Kilgore Gold (a wholly owned subsidiary of Kilgore Minerals) acquired 100 percent ownership of the property. A new round of preliminary exploration identified new gold targets. By 2004, Kilgore Gold expanded the company’s property holdings to 3,000 acres. Has this property been drilled like Swiss cheese or does Norman Burmeister know what he is doing? It’s had nearly 200 diamond and reverse circulation drill holes, totaling more than 126,000 feet of drilling.

In an earlier interview with Burmeister, he told us, “I’m very excited about this project. It was a property that was very high on Echo Bay’s list.” Major companies have expended more than $8 million to define a modest, and possibly economic, resource. At least three different entities have established resource estimates on the Kilgore gold property. In 1996, Placer Dome reported 14.1 million tons, grading 0.04 ounces/ton and with a cut-off grade of 0.015, for a deposit of 561,000 ounces of gold. A year later, Echo Bay released a sectional estimate report showing 18.7 million tons, grading 0.029, for a total of 534,959 ounces of gold.

However, the only resource estimate approved by Canadian regulators (Kilgore trades on the Toronto Venture Exchange) is the Van Brunt/Rayner Technical Report, filed in October 2002, and which is compliant with National Instrument 43-101 (NI 43-101). This report showed about 7 million tons trading 0.031, with a 0.01 cut-off grade, for an indicated resource of 218,000 ounces of gold. The report showed an inferred resource, adding another 269,000 ounces of gold. This is close enough to the Placer Dome and Echo Bay estimates, but it is unlikely to be mineable unless Kilgore finds more gold.

During the 2004 drilling program, Norm Burmeister got the sniff of what might make this an attractive acquisition by a major gold company. “We are looking for a high grade feeder system,” Burmeister told us. In the previous drilling program, Burmeister got and encouraging intercept of 0.465 ounce per ton gold over 10 feet within a broader 170-foot zone of low-grade mineralization at 0.04 ounces per ton. On Tuesday, Kilgore Gold made its announcement it would commence its chase to find out if, indeed, there is an elephant discovery of gold on its property.

In an email to us, Norm Burmeister wrote, “The high-grade zone, called the “Elsa Zone”, was intersected at a core depth of 410 feet. It is important to note that this hole was drilled in an area that had never been drilled some 4650 feet from the resource area.” The Elsa Zone is located within the Dog Bone Ridge target area. Burmeister also pointed out, “There are no known workings in the area, and there is no known gold mineralization at the surface, thus making the Elsa Zone a true ‘blind discovery.’ Kilgore’s blind discovery in the Elsa Zone proves there may be some prospects in the very large Dog Bone Ridge target area.

Rationale

The purpose of the 2006 drilling program, Burmeister told us, is to determine “the true potential of the Dog Bone Ridge area target.” Niel Prenn, a professional engineer with Mine Development Associates of Reno, Nevada, completed a scoping level update of Echo Bay’s 1996 assessment of the project. He wrote, “The project appears to have reasonably attractive economics if the ‘potentially mineable material’ can be doubled at $375/ounce gold price.” Prenn saw the Kilgore project as one with a “large epithermal gold deposit.” This confirmed an earlier geological report by Stanton W. Caddey, who wrote in an October 2003 report, “Exploration potential at the Kilgore property for more than doubling the present gold resource with further exploration drilling is regarded as excellent.”

The encouraging drill hole in 2004 helped move this project to the current drilling program. “We believe the Dog Bone Ridge target area represents the core of the hydrothermal system that has generated the known low grade resource at Kilgore,” Burmeister speculated. That’s why he is drilling the Dog Bone Ridge target area. The first holes will be offsets to the promising 2004 discovery hole. “We don’t know the direction or dipping,” said Burmeister, asking “Which way does it go?” The first hole will help Burmeister orient the direction on the north side of the target. Burmeister told us, “The knowledge we hope to gain from the Elsa Zone offsets will be important in efficiently testing other Elsa ‘look-a-like’ definitive targets within the Dog Bone Ridge target area.”

COPYRIGHT © 2007 by StockInterview, Inc. ALL RIGHTS RESERVED.

James Finch contributes to StockInterview.com and other publications. StockInterview’s “Investing in the Great Uranium Bull Market” has become the most popular book ever published for uranium mining stock investors. Visit http://www.stockinterview.com

jewelry as sterling silver

Jordan Schlanger, is the famous New York designer known for pure organic form. He is well known for his many simple and compelling pieces. His work is recognize as lovers of fine sophisticated jewelry as sterling silver, yellow gold, white gold and diamonds

He is born in New York and has been making jewelry since he was four years old and attaining a degree in sculpture from the Cooper Union School of Art.

He incorporates his sculpting background into metal works, which has been featured in Style and Vogue magazines.


A number of celebrities - including Elizabeth Taylor, Tina Turner, Janet Jackson and Madonna - collect his work, which was also featured in the HBO television series Sex and the City.


He is set to take place a jewelry show at Aberson's to Tulsa World in Tulsa Oklahoma.

Tulsa is said to be the second-largest city in the state of Oklahoma and 45th-largest in the United States which is famous in yellow gold jewelry collection.

According to gold.org , Items to be displayed include an 18-carat yellow gold necklace, as well as a grey necklace that combines South Sea pearls with white gold, which highlight his belief
that jewellery is a personal, tactile and permanent form of fashion design, the newspaper
reported.

for your information

Tulsa jeweler has achieved notoriety through the use of Precious Metal Clay, or PMC.
The clay is an alloy-filled, putty-like material that turns to metal after heating.

Friday, February 29, 2008

How to Sell Your Diamond Ring

Most advertising campaigns by De Beers feature their famous slogan “A Diamond is Forever.” Consequently, women seldom sell a diamond and often feel uncomfortable buying diamonds previously owned by other women. There is a sentimental aspect to diamonds that is very different from other tangible assets like boats, houses or automobiles. However, there are occasions when consumers need to sell their diamonds and, unlike the used car market, there is not a well-developed method for consumers to sell their diamonds.

As a consumer, you face some unique challenges when trying to get the best price for your diamond in a safe and comfortable manner. Your starting point is to know exactly what you are selling. This is much easier if the diamond has a grading report from a major laboratory like the GIA or AGS. You have more of a challenge if there is no formal grading report. In this case, you need to find an independent appraiser who can evaluate the diamond and determine its quality and potential value.

Once you know your diamond’s specifications, you can find the current retail asking price by checking with online retailers to see what similar diamonds are selling for in today’s retail market. It is unlikely you will be able to get the going retail price for your diamond. Selling your diamond at 80% to 90% of that amount would make it sell quicker. Be realistic about your expectations. The lowest cost online retailers, not the expensive jewelry stores with double the price, set the value of your diamond.

You now know your target price and simply have to figure out how to find the right buyer for your diamond. There are several options available to sell your diamond and you need to determine which is best for maximizing your money and safety while minimizing your time and effort.

Your first thought might be to go to the closest jewelry store or pawnshop and sell them the diamond. The key to remember here is that they do not need your diamond. They can get all the diamonds they want on the wholesale market. The only reason they will buy your diamond is if the price is a fraction of the wholesale price. They hope you need the money bad enough to take 25%-50% of what you could be getting for your diamond elsewhere. They might offer you a little more if you “trade up” to something in their display case. However, this often results in you paying more for the new diamond and receiving less for your diamond than if you sold it elsewhere.

Several online brokers specialize in buying diamonds and estate jewelry from consumers. They typically have you ship the diamond to them so they can determine the amount they will pay you. All too often, this amount is much less than their preliminary estimate so you must either pay the return shipping, or accept their price. If your main priority is getting money fast, this is a valid option. If your main priority is getting top dollar for your diamond, there are better selling methods available to you.

Auctions like eBay are very popular for selling jewelry items but there is so much low quality jewelry listed, it is hard for potential buyer to find your quality diamond. You are competing with jewelry retailers whose entire business is selling on eBay so they are experts at writing the descriptions (often with exaggerated quality), taking impressive pictures and shipping their items. Even if a bidder does find your item, the odds of getting your target price are slim to nil because other retailers are advertising items with similar descriptions for about half the amount you want. Notice I did not say they are advertising similar quality, just similar descriptions. Do a search for diamond rings with GIA grading reports and you will see the vast majority of diamond rings have paperwork from sources you have never heard of before.

Other effective ways to find a buyer are classified ads in local newspapers and bulletin boards at church or work. The challenge is reaching enough people to find at least one buyer willing to pay your price. You have to be careful when doing this kind of transaction, especially if selling to a stranger. Do the transaction in a safe place and be sure you have a valid form of payment. You do not want to hand over your diamond and end up with a phony cashiers check or bad personal check.

Some jewelry stores and online retailers will sell your diamond on consignment. Online retailers with a local presence have an advantage in that they have large numbers of diamond shoppers on their website plus walk in traffic that can see your diamond in person. They also have lower overhead and prices so you can get a bigger share of the selling price. With jewelry stores often marking up prices over 100%, your share is likely to be less than half of the selling price.

Just be sure to get a written description of the item you are giving on consignment and the minimum amount you will accept for your diamond. All too often sellers are not being able to get their jewelry items back from a store or only receive a fraction of the amount they expected from the sale. However, if you have patience and a low priced, trustworthy retailer to broker your diamond, you have an excellent chance of getting an excellent price for your diamond without the hassle and safety issues of selling it yourself.

Keep the Sparkle in Your Diamond

Diamonds are the hardest natural material. Only a diamond can scratch a diamond. Use great caution when wearing multiple diamond rings on the same finger. If the diamonds of one ring touch diamonds in another ring, both diamonds will likely end up scratched in a relatively short time. If you have a diamond wedding band next to your diamond engagement ring, be sure their design allows them to fit together so the diamonds do not touch.

The next most dangerous place for diamonds scratching each other is in the jewelry box. Do not throw your diamond rings, diamond earrings, and diamond bracelet together. Since diamonds will scratch diamonds, think of what they can do to other gemstones and precious metals. Keep your diamond jewelry in separate compartments or isolated by soft cloth to keep them from rubbing each other.

While diamonds are very durable, they can break or chip. You would not let someone hit your diamond with a steel hammer but your diamond ring faces the same type of danger every day. File cabinets, metal seat belt buckles, and car doors are just a few of the metal surfaces that can hit a diamond in the course of a normal day. Avoid sharp impacts with hard surfaces and you will avoid chips and cracks in your diamond.

Diamonds are natural grease attractors. Some diamond mines separate diamonds from the broken rocks by running the material over a conveyor belt covered with a layer of grease. Diamonds stick to the grease and the rocks slide off. At the end of the shift, they remove the grease and melt it away, leaving the diamonds.

Remember diamond’s attraction to grease when you touch a diamond with your finger. The oil from your fingertips will coat the diamond and reduce the sparkle. The same is true when your diamond ring touches the oil in your hair. Hand creams, lotions, hair spray, soap, and grease from food will create a film on your diamond that hides its beauty. When you put your hands in dishwater, the dirt and grease in the water will adhere to the diamond. Dust and powders also cling to diamonds.

Fortunately, diamonds are easy to clean. Put your diamond jewelry in a warm solution of mild liquid detergent and water. You can also use the containers of “Jewelry Cleaner” available at jewelry and department stores. These typically have a small basket the ring can sit in and a small, soft brush to clean the hard to reach places around the diamond. Swish the ring around in the solution, rinse it with warm water, and dry the ring with a lint-free cloth. While chemicals will probably not hurt your diamond, harsh chemicals like chlorine or bleach can weaken and discolor the metal in the jewelry. Keep in mind that swimming pools and hot tubs usually have high levels of chlorine and are not a safe place for jewelry.

There are many types of ultrasonic cleaners available to the public today. The piece of jewelry sits in a basket of water and detergent. The ultrasonic cleaner produces high-frequency turbulence that is an excellent way to clean the hard to get at part of jewelry. Not all gemstones are as durable as diamonds. Never put soft materials like emeralds, opals and pearls in an ultrasonic cleaner.

With a little common sense and regular cleaning, your diamonds will keep their sparkle and beauty for years of enjoyment.

Men- How To Buy Diamond Jewelry For Your Loved Ones

The large range of diamond jewelry often makes it very difficult for men to decide what type of jewelry to purchase for their loved ones.

Diamonds symbolize love, commitment and friendship, which makes it hard to choose the right piece of jewelry from the large variety of Diamond rings, Diamond earrings, Diamond pendants, Diamond necklaces, Diamond bracelets and of course Loose diamonds- which are always perfect since they can be set in any type of jewelry.

We can’t choose the perfect diamond jewelry for you but we can help you with 5 easy steps:

Step 1- Knowing what she likes:

Narrow down the type of jewelry she likes to wear by observing the jewelry she wears in general, and on different occasions. The jewelry she wears may vary. For example, her daytime jewelry may be different from the jewelry she wears when she goes out or to formal occasions.

Step 2- Knowing the color and size of the jewelry she wears:

Now that you have noticed the type of jewelry that she likes, it’s time to look closely at the details of her jewelry style.

The first thing you should check is if she likes White gold, Yellow gold or Rose gold.

You should also check if she prefers conservative or flashy jewelry.
For example, her earrings. Are they small and conservative like studs or are the big and detailed like chandelier or hoop earrings.

Step 3- Knowing her ring size (if you are buying a ring):

Knowing her ring size makes her ring perfect for many reasons, one of which is the fact that she can wear her ring right away.

Another reason is saving the hassle of having the ring resized.

Step 4- Learning about diamonds:

Learning about diamonds will help you choose and understand the quality and prices of diamonds. Learning about the Four C’s will help you understand- Color, Clarity, Carat and Cut, and choose the perfect diamond.

Step 5- Begin shopping:

Now you have an idea for her perfect gift and you can start shopping. We recommend looking online at diamond jewelry websites.

Don’t forget! Buying diamond jewelry is an investment. Now that you are educated in diamond jewelry, you can finally give her the perfect gift.

Good luck !!