TAKEOVER target Lihir Gold says it is still possible another suitor will come in to trump Newcrest Mining’s $9.5 billion bid ahead of next month’s shareholders meeting.

Speaking in a teleconference about the company’s second quarter production, Lihir chief executive Graeme Hunt said there was no doubt other parties could come forward and bid more for the gold producer.

“It is a possibility, there is no question about that, but I am not going to speculate on the probability of it happening,” Mr Hunt said.

Read full article: http://wotnews.com.au/view/5340913/

July 19, 2010, Salt Lake City, UT — Andean Resources (ASX/TSX: AND) is pleased to announce
the highest-grade results to date from the ongoing exploration program at its wholly owned Cerro Negro Project in Santa Cruz Province, Argentina. Highlights from the Mariana Central vein intercepts include:

Mariana Central – Bonanza grades and significant widths

MDD-1025: 8.5m of 46.1 g/t Au and 157 g/t Ag from 105.3m

MDD-1028: 8.65m of 33.3 g/t Au and 460 g/t Ag from 149.5m and 10.1m of 143.0 g/t Au and 1219 g/t Ag from 188.4m

MDD-1049: 2.6m of 54.6 g/t Au and 42 g/t Ag from 161.2m and 10.6m of 44.5 g/t Au and 97 g/t Ag from 170.3m

MDD-1050: 9.0m of 127.1 g/t Au and 272 g/t Ag from 168.0m

MDD-1051: 7.0m of 52.0 g/t Au and 240 g/t Ag from 119.0m

MDD-1054: 3.5m of 17.7 g/t Au and 51 g/t Ag from 102.0m

MDD-1056: 2.0m of 36.0 g/t Au and 1172 g/t Ag from 178 and 14.5m of 55.3 g/t Au and 618 g/t Ag from 181.5

MDD-1057: 15.3m of 21.1 g/t Au and 72 g/t Ag from 165.4m

MDD-1058: 9.2m of 34.9 g/t Au and 414 g/t Ag from 122.1m

William Wulftange, Andean’s Vice President of Exploration stated, “The results received this year from the Mariana Central vein are truly spectacular and firmly establish Cerro Negro as the new benchmark of low sulfidation epithermal gold deposits.”

July 7, 2010, Perth Australia
Andean Announces Positive Feasibility Study Results for its Cerro Negro Gold Project
Andean Resources (ASX/TSX: AND) is pleased to announce the positive Feasibility Study (“FS”) results of its 100% owned Cerro Negro high-grade gold and silver project in Santa Cruz, Argentina. The FS was completed based on the previously released gold and silver mineral resource estimates at the Eureka West and Bajo Negro deposits, along with the new resource for the Vein Zone deposit. The FS was compiled by Ausenco Ltd., with the participation and contribution from industry consultants. The study defines an operation based on sequential mining of the three deposits by underground and open pit mining, along with milling and refining of the ore on site. The mine will operate at a production rate of 1,850 tonnes per day, producing an average of 200,000 ounces (“oz”) of gold over a 10 year mine life, at an average cash cost of about $168/oz (based on silver by-product credits of $14/oz).

Highlights of the Feasibility Study include:
• For the first five years, Cerro Negro would produce up to a rate of 285,000 oz of gold per year at an average cash cost of $60/oz (inclusive of silver by-product credits), making Cerro Negro one of the lowest-cost undeveloped gold projects in the world
• A significant internal rate of return using $850/oz gold (“Au”) and $14/oz silver (“Ag”) on an initial capital investment of $275 million
• Probable reserves of 2.1 million oz of gold and 20.6 million oz of silver based on mining the indicated resources only at Eureka West, Bajo Negro and Vein Zone
• Inferred resources at Eureka West, Bajo Negro and Vein Zone have been excluded from the FS. In addition, the newly discovered veins at San Marcos, Mariana Norte and Mariana Central have also been excluded. The mineralization excluded from the FS will be included in subsequent plans
• Mine life of 10 years with direct employment of 533 employees
• A sustainable development fund to invest 1% of after-tax profits into the local communities
• Overall metallurgical recoveries have improved to 95% for gold and 86% of silver
• International Cyanide Management Code compliant design
• Significant upside remains:
o Converting the significant inferred gold resources to indicated status with infill and step-out drilling, thereby allowing these resources to be included in a future mine plan
o Further defining the size and potential of the latest discoveries at the San Marcos, Mariana Norte and Mariana Central deposits with the intent to incorporate these into future mine plans
o The Eureka West deposit remains open to the west and at depth, with exploration to resume once the current underground development is sufficiently advanced
o The Bajo Negro deposit remains open along strike and at depth, with exploration to re-commence later this year
o Further exploration potential at other Cerro Negro deposits

Get the full report

As the price of gold soars ever higher the people over at Market Club have made a new video spotlighting 4 different ways to profit from gold.

4 different ways to profit from gold vido

To view a complete list of ASX gold company’s visit this link

I wonder how many people know that after the merger /TO of NCM and LGL that Australia’s second largest gold miner by market cap (and by quite a way) is ANDEAN GOLD. AND have a very rich, very large, project in Argentina that is outside the clutches of the RSPT plus it is just about to commence mining and will have one of the lowest costs of production in the world.

Tim Treagold tips it as one of the most likely golds to see some corporate activity in the near future… Since the RSPT announcement AND has risen around 15%.

As I hold AND I say thank you Mr Rudd but!

SHALLOW BEDROCK DRILLING INTERSECTS HIGH GRADE GOLD UP TO 39g/t (1.25 oz/t), SILVER UP TO 350g/t (11.25 oz/t) AND TELLURIUM UP TO 730g/t
WILGAR IOCG TARGET COINCIDENT WITH GRAVITY HIGH
Aggregate result: 257m @ 3.58g/t Au (0.5g/t cutoff)
Aggregate result: 301m @ 67.80g/t Ag (2.18 oz/t) (31 g/t (1 oz) cutoff )
(full results included at end of report)
Unit 34, Brickworks Annex,19 Brolga Avenue, SOUTHPORT 4215
Phone: +617 5503 1955 Facsimile: +617 5503 0288
Email: [email protected]
MARKET RELEASE 25 May 2010

“In my 40 or so years of experience, many of which were involved with gold mining operations, I have not seen these types of initial high grade, shallow “top-soil” type results for gold or silver. These sorts of bedrock drilling programs normally deal in results based on a PPB (parts per billion) measure, yet we are generating results more suited to a PPM (parts per million) program. I have never before experienced mineralisation in Gold and Silver in “top-soils” so consistently in these proportions or at these high grades, which suggests this particular area may be the deteriorated, oxidised and/or weathered remains of something deeper, that outcrops as the “twin hills” at Wilgar. Significantly for me, the fact we get similar high grades in the soils as we do in the underlying bedrock, tells me the mineralisation has not travelled far, so is not simply the product of a long term supergene enrichment process.

A second Bedrock Drill Program has already been carried out and we await the assay results. At this stage we do not have enough information to confidently determine the likely extent of mineralisation at Wilgar, but given the proximity to a large gravity signature, and nature and style of exotic minerals found
to date, we believe Wilgar is likely to be part of a large IOCG system and as such, have not ruled out the possibility that Wilgar sits on the outer rim of a much larger Porphyry and/or mineralised breccia pipe.

There is no doubt these results have lifted the prominence of Wilgar which is not surprising as it has always been my opinion that something significant was waiting…hopefully not too much longer.

Due to the time frame constraints of only having two days to prepare the announcement, a more detailed report will be forthcoming. The next report will detail all of the previous drilling at Wilgar which will describe the widespread mineralisation in the area. This latest bedrock drill program is a another piece of the “puzzle” and was designed to follow up the holes that intersected high grade mineralisation at depth and to determine the extent of mineralisation to help determine trends and its possible association with previous drilling.

If the DOJ is interested then Ted Butler might be about to become known as a guy with a lot of foresight as well as courage and tenacity.

“DOJ Antitrust Division Considering Launching Investigation Into Silver Market Manipulation By JPM”

“As Eric King discloses in its letter the Anti-Trust division announces that “it will carefully consider the issue of silver market manipulation by JP Morgan and other traders. Generally the CFTC investigates these types of market manipulations. However, the suggestion that JPMorgan Chase may be signaling other traders, warrants further analysis. The DOJ will carefully consider the issue you raise, and you can be assured that if we conclude that silver traders have engaged in anti-competitive conduct, we will take appropriate enforcement action.”

Full article

There is a fair amount of steam behind this story…

Australian Gold – Australian Bullion Coins Dealers

http://www.australian-gold.com/dealers.html