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LATEST NEWS  : - Tim Iacono - Fednesday Morning Links - Julian D. W. Phillips - Gold & Silver Market Morning - Gary Tanashian - Crude Oil Breakout & Some Implications - Mish - Cash Squeeze in China, Interest Rate Swaps Rise Most in 22 Months; China's Credit Bubble About to Po - Tim Iacono - How’s this for an Image? - Ben Traynor - Gold in Euros, Sterling Hits 2-Year Low with Bullion "Under Pressure" ahead of Fed Decision - Chris Powell - Embry notes media clamor against gold, switch by bullion banks, Chinese demand - Mac Slavo - Watch Your Cash: New BAIL-IN Rules Will Force “Failed Bank Losses on Investors” - Goldmoney - Bernanke heading for the lifeboat - Mark O'Byrne - U.S. Mint Sales of Silver Coins Reach Record in 2013 First Half MINING STOCKS  : NWest Energy / 0.15 (+25.00%) : Announces Management and Board Changes Pele Mountain Res. / 0.065 (+0.00%) : Announces Major Increase in Uranium and Rare Earth Resources at Eco Ridge Golden Star / 0.505 (+3.06%) : Provides Operational Update on Cost Reduction Measures, Mine Plan Re-Optimization and Capital Reallo Pele Mountain Res. / 0.065 (+0.00%) : Announces Major Increase in Uranium and Rare Earth Resources at Eco Ridge Victory Nickel / 0.035 (+16.67%) : Announces Rights Offering to Shareholders Pele Mountain Res. / 0.065 (+0.00%) : Announces Major Increase in Uranium and Rare Earth Resources at Eco Ridge Troy Res. / 2.13 (+3.40%) : Takeover Bid By Troy Resources Limited for Azimuth Resources Limited: Notice of Change of Interests Clifton Star / 0.335 (+8.06%) : Drills 5.64 g/t Au Over 34.0 m, Including 8.36 g/t Au Over 11.7 m and 7.21 g/t Au Over 7.5 m, at the Pele Mountain Res. / 0.065 (+0.00%) : Announces Major Increase in Uranium and Rare Earth Resources at Eco Ridge PanTerra Res. / 0.225 (+2.27%) : Pangolin Diamonds Discovers Second Kimberlite in Botswana, Adds Leading Diamond Geologist Manfred Ma Pele Mountain Res. / 0.065 (+0.00%) : Announces Major Increase in Uranium and Rare Earth Resources at Eco Ridge

Subscribe Write Us Search on Ebay : PRECIOUS METALS (US $) Gold 1373.10 4.40 Silver 21.71 0.01 Platinum 1423.50 -12.50 Palladium 696.30 -13.50 WORLD MARKETS DOWJONES 15295 -20 NASDAQ 3475 -7 NIKKEI 13245 238 ASX 4842 47 CAC 40 3839 -21 DAX 8197 -32 HUI 253 -1 XAU 103 0 CURRENCIES (€) AUS $ 1.4047 CAN $ 1.3649 US $ 1.3405 GBP (£) 0.8556 Sw Fr 1.2316 YEN 127.7000 CURRENCIES ($) AUS $ 1.0484 CAN $ 1.0181 Euro 0.7460 GBP (£) 0.6384 Sw Fr 0.9187 YEN 95.2470 RATIOS & INDEXES Gold / Silver 63.25 Gold / Oil 13.96 Dowjones / Gold 11.14 COMMODITIES Copper 3.13 -0.02 WTI Oil 98.35 -0.09 Nat. Gas 3.97 0.07 Market Indices Metal Prices Web Services RSS Free Charts Precious Metals Graph Generator Statistics Statistics by Country Statistics by Metals Mining Companies Advertise on 24hGold Projects on Google Earth Mato Velho Project Mato Velho Country Brazil  Province Pará Close to Novo progreso Status EARLY DISCOVERY  Legends Print Valuation Travel To Property All neighbouring Properties Mines and deposits nearby All active properties nearby Produces Develops Explores for Gold - Risk and valuation analysis of the Mato Velho Project Status Risk : Early discovery Country Risk : Moderate Title(s) of the Mato Velho Project Magellan Minerals Ltd Owner: 100% Title Company Profile All Projects Company website Company project page Location of the Mato Velho Project Mato Velho is located in the state of Pará in northern Brazil and can be accessed by traveling 1070 kilometers north from Cuiaba to the town of Novo Progreso, on the BR 163 which is largely paved. Mato Velho is located 60 km south of Novo Progreso and is accessed via a farm trail which heads north-east for 35 km from the BR-163.   Geology of the Mato Velho Project Seven northwest-southeast striking shear zones with quartz veins have so far been identified and have strike lengths of up to 1.7 km and cut acid volcanic rocks. The shear zones vary in width from 30 cm to several metres and are variably associated with pyrite and minor amounts of chalcopyrite and galena. The majority of the zones have not been explored or mined beneath the zone of oxidation.   Resources targeted of the Mato Velho Project Gold - Exploration and drilling 11/16/2006 Drilling Commences at Mato Velho, Brazil 8/9/2006 identifies significant gold values south of the Mato Velho c... Discoveries and Drilling Results 6/18/2008 EXTENDS GOLD MINERALIZATION 1.4 KM SOUTHEAST OF THE LAGRESIA... 5/3/2007 Velho GoldProject Phase 1 Drilling Complete Data last updated on : 6/9/2010 Disclaimer All information on this page comes from internal and external sources deemed reliable. This information might not be up to date, so please perform due diligence before making any conclusion or making any action. Do contact us should any information be missing or incorrect.

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