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Vangold Resources Ltd.  TICKER: TSX-V:VAN DESCRIPTION: Vangold Resources Ltd. is a development stage mineral exploration and oil and gas production company. It is engaged in the exploration and development of mineral properties in Canada, Papua New Guinea, the United States, Uganda and Brazil. It is also an active investor in oil and gas properties in Canada the United States, Rwanda, Kenya and Armenia. Watch Investor Relations Manager Robin Moriarty’s March 26 presentation to the Richmond Club in Toronto - click here. Click here for an Interview at PDAC in March 2008, with President and CEO, Dal Brynelsen WEBSITE: http://www.vangold.ca Drilling at Simuku and Initial Exploration at Mt. Nakru Vangold Receives Repayment of Loan From New Guinea Gold Corp. Vangold Closes Private Placement Tranche II Corp. Profile 1/08 MD&A 9/30/07 Q2 '07 Interim Finl Statements Q1 '07 Interim Finl Statements The information below is based on the most recent information we have received from analysts and the companies participating in The Gold Report. We encourage you to visit the company's web site for updates. - tradingmarkets.com
Joseph Katarebe, Vangold's Country Manager confirmed the development yesterday but underscored that the survey will start after government endorsement. This was acknowledged by the Ministry of Infrastructure. "No problems are expected since the project is known and has been approved by cabinet," Charles Nyirahuku, Head of the Gas Unit in the Ministry of Infrastructure told The New Times yesterday; "they just have to fulfill some requirements." "The survey is scheduled to commence upon receipt of regulatory approval and the acquisition of required permits," reads part of Vangold's July 8 press release. "Preliminary data products will be available to Vangold's technical representatives during the data acquisition phase, and a final compiled survey of products will be available within 3 weeks of the survey's completion." (7/14/08) - allafrica.com
Brynelsen explained that in 1994, the company had drilled for signs of nickel ore at Kafunjo to depths of 350m. "We came up empty handed," Brynelsen explained, citing a drill rig with limited depth capacity having been used at the time. But with technological advances over the last decade and a half, the anomaly has been identified at depths of 650 to 800 meters and just over the border in Tanzania, along the same ore body is one of the largest nickel discoveries ever. The anomaly, known as the Kibaran Fold Belt, in Tanzania is where Barrick Gold Corp. and Xstrata PLC, the world's fourth largest nickel mining company, are developing on a 50/50 basis what Greg Wilkins, Barrick President, called a "world class nickel sulphide deposit with compelling combination of size with high grades." A report issued in February 2007 by Xstrata Nickel, the operator of the Central African nickel mine, gave an indicated reserve which at today's nickel price of $11.70 per pound would be valued at $5.3 billion and whose inferred reserve could up that production value by over $18 billion more -- making Xstrata's nickel mine one of the largest in the world." (5/22/08) - MarketWire.com
- The Gold Report Interview with James Passin
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