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BAM. That's actually the name of the P2 Gold Inc. (TSX-V:PGLD; FRA: 4Z9) Golden Triangle in northwestern British Columbia. But "BAM!" also onomatopoeically describes very well the results of the first three holes drilled to test the newly discovered Monarch gold zone on the project. The best drill hole returned 2.63 g/t gold over 45.85 meters right off the bat, including 9.20 meters of 7.3 g/t gold. Mineralization in the 45 degree inclined hole started very near surface from drill meter 5.35 and extended to drill meter 51.2.

Unmissably, the market is already betting on the successful completion of a joint venture between FYI Resources (ASX: FYI; FRA: SDL) and Alcoa Australia. According to the deadline set by both parties themselves, a contract to that effect should be in place by September 4, which is Saturday of this week at the latest. However, a joint stock exchange announcement by the two partners would certainly come later this week if the worst came to the worst.

Goliath Resources (TSXV: GOT; FRA: B4IF) is exceeding expectations: After 13 successful drill holes into the Surebet Zone polymetallic quartz-sulphide vein system at the Golddigger Project in British Columbia, the company today presented assay results from the first three holes. The most spectacular hole is the third drill hole (GD21-003).

It had been a bit quiet around our Newfoundland gold explorer Matador Mining (WKN A2DKV4 / ASX MZZ) over the summer, until the Australian company recently presented the first, excellent drill results from its Cape Ray project. A major Canadian asset manager seems to have taken this as an opportunity to significantly increase its stake in Matador.