GOLD BELTS OF WEST AFRICA
“THE GOLD COAST”
A mining boom is underway….
Christina McCarthy, Mining Specialist

We have looked at five different gold companies along the prolific mineral belts and greenstone belts of West Africa.  These companies all have attractive deposits, attractive potential deposits or strategic land positions. A full report on the Gold Belts of West Africa will be disseminated later today. 

INVESTMENT OPPORTUNITY – UP AND COMING JUNIOR GOLD COMPANIES

• Abzu Gold (ABS.v) – Projects in all four gold belts acquisition of new Red Back concessions
• PMI Gold (PMV.v) – NI 43-101 global resource calculation of 1.6M oz gold
• Keegan Resources (KGN.v) – Near term production, NI 43-101 resource 4.8M oz Au
• Midlands Minerals (MEX.v) – Change of management
• Xtra-Gold Resources Corp (XTG.v) – Active in highly prospective new greenstone belt
• Legend Gold Corp (LGN.v) – Encouraging results from Lakanfla project in Mali

The Gold Belts of West Africa - The Gold Coast - view the complete comment (PDF)

• August 16th and 17th - Alastair Neill, rare earth and strategic metals specialist, available for meetings in Toronto.
• August 18th - Euro Pacific Canada will be hosting meetings and a Luncheon with Jim Engdahl, CEO of Great Western Minerals, in Toronto.
     
For more information please contact your sales representative.

Asian Markets Largely Lower
South Korean stocks soared and Japanese stocks edged higher after an extended rebound on Wall Street encouraged buyers—with mobile-handset makers getting a lift from Google's acquisition of Motorola Mobility Holdings—but caution prevailed in many other Asian markets. Chinese stocks ended lower after advancing for four straight days, while those in Hong Kong, Australia and Taiwan gave up early gains.

Playing catch-up after a three-day weekend, South Korea's Kospi made its biggest one-day percentage gain since January 2009, surging 4.8% to 1879.87 as bargain-hunting foreign investors returned. Japan's Nikkei Stock Average ended 0.2% higher at 9107.43, Hong Kong's Hang Seng Index dropped 0.2% to 20212.08, Australia's S&P/ASX 200 index declined 0.8% to 4247.3 and Taiwan's Taiex slipped 0.3% to 7798.59. India's Sensex, after spending most of the day in positive territory, finished with a 0.7% loss at 16730.94.
 
China's Shanghai Composite Index dropped 0.7% to 2608.17.
http://online.wsj.com/article/SB10001424053111903480904576511011830198334.html

Wealth Completes First Phase of Diamond Drilling at Rodeo de los Molles Rare Earth Element Project, Argentina
The Phase I drilling consisted of 26 drill holes (975.5 metres) targeting outcropping, high-grade REE mineralization confirmed by channel saw sampling results (see Wealth News April 11, 2011 and July 7, 2011).

• Rodeo de los Molles Exploration Highlights:
  Two main zones, La Juli and Mina Norte, of outcropping high-grade REE mineralization confirmed by channel sampling and a newly identified third zone, El Rulo emerging:
  
• La Juli Zone: 8.5 metres at 1.54% TREO
  
• Mina Norte Zone: 3.3 metres at 1.90% TREO
  
• El Rulo Zone: 8.7 metres at 1.34% TREO
  
• Rare Earth Mineralization is on surface and open in all directions
  
• Average of 136 representative samples of stockpiled material average 1.70% TREO
  
• Attractive REE distribution with neodymium (Nd) and praseodymium (Pr) combining for ~24% of the total REE content
  

http://www.marketwire.com/press-release/wealth-completes-first-phase-diamond-drilling-rodeo-de-los-molles-rare-earth-element-tsx-venture-wml-1549532.htm

Rare Earth Metals Reports 1.50% TREO Over 94.2 Meters From Lavergne-Springer Project, Near Sudbury, ON
THUNDER BAY, ONTARIO--(Marketwire - Aug. 15, 2011) - Rare Earth Metals Inc. ("Rare Earth Metals", "RA" or the "Company") (TSX VENTURE:RA)(OTCQX:RAREF)(PINK SHEETS:RAREF) is pleased to report Rare Earth Element results from the first drill hole on the West Lavergne REE Mineralized Zone at the Lavergne-Springer property. The property is located 8 km north of the Trans-Canada Highway, in Springer Township, immediately north of the Town of Sturgeon Falls and 80 km east of Sudbury, Ontario. The results from DDH-SL-01 include a best intersection of 1.50% TREO over 94.2 meters within a larger zone of mineralization which assayed 0.94% TREO over 359.8 meters. The HREO/TREO ratio from the 94.2 meter intersection is 6.1% and the 367.4 meter composite is 6.7%.
http://www.marketwire.com/press-release/rare-earth-metals-reports-150-treo-over-942-meters-from-lavergne-springer-project-near-tsx-venture-ra-1549474.htm

Erdene says its 25% of Donkin coal project worth $265 million
Nova Scotia’s Erdene Resource Development Corp. on Monday provided an update on the Company’s principal projects in conjunction with the release of its second quarter financial results to June 30, 2011.

Highlights:

• Marston and Xstrata’s Donkin NI 43-101 report concludes that Erdene’s 25% Donkin Coking Coal Project interest has a $265 million Net Present Value (“NPV”) at an 8% discount rate
  
• Xstrata filed a draft Donkin Coking Coal Project description document with Federal and Provincial regulators as the initial step in the Environmental Assessment (“EA”) process
  
• Zuun Mod NI 43-101 compliant molybdenum and copper resource estimate issued and 30-year Mining Licence granted
  
• Initial drilling program extends mineralized zone at Khuvyn Khar copper-silver discovery and new geophysical targets identified
  
• Drilling confirms a new base and precious metal discovery on Nomin property; expanded exploration program underway
  
• Construction phase for royalty-generating construction aggregate quarry in Georgia, USA, nearing completion
  
• Ends quarter with $5.0 million in working capital

http://www.mining.com/2011/08/15/erdene-resource-development-corp-second-quarter-update-shows-265-million-value-for-donkin-coal-project/