eResearch Corp. (www.eresearch.com) published “The Ultimate Guide to Gold Mining Companies in the Appalachian Gold Belt”, a free and comprehensive 79-page Industry Report on gold mining and mineral exploration companies that operate along the east coast of North America.
The report focuses the mining, exploration, and financing activities of 42-publicly listed companies in the region and provides a detailed overview of three companies: Aston Bay (TSXV:BAY | OTC:ATBHF), Sokoman Minerals Corp. (TSXV:SIC | OTC:SICNF), and Magna Terra Minerals Inc. (TSXV:MTT | OTC:BRIOF).
The Atlantic region of North America has been explored and mined for gold for more than 230 years. Virginia was one of the first gold-producing states with the first recorded gold find occurring in 1782 and gold mining in Atlantic Canada dates back to the mid-1800s.
The geology can be visually observed by the Appalachian Mountains that extend for almost 3,200 km from central Alabama in the south, up the eastern portion of the U.S., and through the provinces of Nova Scotia, New Brunswick, and Newfoundland and Labrador in Canada. The region has a variety of mineral resources including gold, copper, iron ore, and zinc.
Currently, there is mineral production from almost 30 operating mines processing over 20 different commodities. Gold production comes from large, commercial mines in South Carolina, Nova Scotia, and Newfoundland and Labrador.
Chris Thompson, Director of Research at eResearch, commented, “Recent high-grade (bonanza-style) discoveries by Sokoman Minerals at its Moosehead Gold Project in central Newfoundland and Aston Bay at its Buckingham Gold Project in Virginia have renewed investor interest and exploration activities in the region.”
These activities have also led to a slew of financings and acquisitions. Recent deals include MegumaGold acquisition of Osprey Gold and Magna Terra closing a $4.99 million financing and concurrently acquiring from Anaconda Mining the Cape Spencer Gold Project in New Brunswick and the Great Northern and Viking Projects in Newfoundland and Labrador.
To download eResearch's free 79-page Appalachian Gold Belt Industry Report, please visit eResearch's website (www.eresearch.com).
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