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GOLDEN HOPE MINES (TSXV:GNH) Confirms High Grade Intersection of 64.1 g/t Au (Gold) over 1m Read More

The screen metallic analysis returned 82 g/t Au for an average grade of 93.5 g/t Au.
Two additional fire assays on the original pulp done prior to the screen metallic analyses returned 0.22 g/t Au and 0.12 g/t Au for an average fire assay grade of 0.41 g/t Au. The weighted average of all the fire assays and screen metallic assays from this 1-metre section in hole BD2011-184 is 64.1 g/t Au.

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CONTINENTAL ENERGY Geothermal Energy Project Receives US$ 11.5 Million Grant Read More * Client

AGORACOM Launches Graphite Stocks Blog

Message: Early WarningReport - Lexam Now Owns 42%

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Early WarningReport - Lexam Now Owns 42%

posted on Oct 21, 09 08:53AM

"Lexam Explorations Inc. (“Lexam”) has acquired ownership of 37,500,000
common shares (the “Shares”) of VG Gold Corp. (“VG Gold”) by exercising
37,500,000 Warrants of VG Gold (the “Warrants”) at an exercise price of C$
0.15 per Warrant (for total proceeds to VG Gold of C$ 5,625,000).
The Warrants were acquired pursuant to a private placement, in which
Lexam (in two tranches) acquired 37,500,000 Units (the “Units”) each
consisting of one common share and one warrant of VG Gold. The
acquisition of the Units were pursuant to an agreement disclosed in
Lexam’s Early Warning Reports dated July 23, 2009 and September 2, 2009.
Immediately prior to giving effect to exercise of the Warrants, Lexam held
37,500,000 common shares or approximately 27% of the issued and
outstanding common shares in VG Gold. After giving effect to the exercise
of the Warrants, Lexam will hold 75,000,000 common shares or
approximately 42% of the issued and outstanding common shares in VG
Gold."