NEW YORK, Feb. 13, 2008 (PRIME NEWSWIRE) -- Wall Street Reporter recently talked to the CEOs of three gold companies at all stages of their corporate evolution: MacMillan Gold Corp. (TSX-V:MMG), Gryphon Gold Corp. (TSX:GGN), and Nevsun Resources Ltd. (TSX:NSU).
Investors can watch or download all three video interviews, along with a rich library of additional exclusive content recorded at the 2008 Vancouver Resource Investment Conference, at www.WallStreetReporter.com.
After previous exploration success, George Brown is back in Mexico as CEO of MacMillan Gold Corp. (TSX-V:MMG). "I liked Mexico and we wanted to go back and do it again," he tells WSR. Recent drilling delivered "very encouraging results of gold and silver."
Highlights of the interview:
- How the company's flagship project is "very similar" to the property that earned Western Silver a CDN$1.2 billion takeout bid from Glamis Gold. - Plans to spend $5 million in working capital on exploration this year. - An overview of additional properties, including an asset in Peru where "aggressive" drilling should continue.
Gryphon Gold Corp. (TSX:GGN) has already booked a 1.8 million-ounce resource on its Borealis project on Nevada's hot Walker Lane trend, but CEO Tony Ker says the company is still going for "blue sky" in the form of additional million-ounce strikes. "We believe this is one of the largest volcanic hosted systems in Nevada," he explains.
Highlights of the interview:
- The odds of another two or three million-ounce targets on the Borealis property. - The timeframe for getting Borealis into oxide production in the near term once it identifies "just a few more ounces." - The upside offered by the company's extensive portfolio of some 50 other Nevada properties. "We have a surfeit of drilling opportunities."
Nevsun Resources Ltd. (TSX:NSU) is already pouring gold at one mine but will be selling that asset as it lines up financing on a major volcanogenic massive sulphide (VMS) polymetal project in Eritrea. "We have feasibility in place," notes CEO John Clarke. "We have the mining license in place."
Highlights of the interview:
- Detail on why the company plans to sell its Tabakoto mine in Mali in order to take the Eritrea project to the next level. - Discussion of the Eritrea government's extraordinarily mining-friendly policy. - Why the VMS project could pay back construction costs after just a year of high-grade gold mining; long-term zinc production will be at "near-zero cost."
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About MacMillan Gold Corp.
MacMillan Gold Corp. is a junior resource company focused on the exploration and advancement of gold and silver assets primarily in Mexico. The company is currently drilling the strategically located Cerro de Oro property, which is located 8 kilometers southwest of the highly productive mining area of Concepcion del Oro in Northern Zacatecas, Mexico.
About Gryphon Gold Corp.
Gryphon Gold is a U.S.-based mine development company whose principal asset is the 27.5 square-mile Borealis property located in the Walker Lane gold belt of Western Nevada. Recently acquired subsidiary Nevada Eagle controls approximately 50 exploration properties.
About Nevsun Resources Ltd.
Nevsun Resources Ltd. is a junior gold producer with a world-class gold, copper, zinc, and silver project in the pipeline that will continue to fuel company growth. The Tabakoto Gold Mine was officially opened in May 2006 and has continued to ramp up production at this mine to the current rate of 6,000 ounces of gold per month.
Forward-Looking Statements
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.