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Update: Reservoir Minerals Finds Gold In Macedonia

Reservoir Minerals (RVRLF) definitely isn't sitting on its hands whilst its joint venture partner Freeport-McMoRan (FCX) continues to drill out the high-grade Timok copper-gold project in Serbia. The company has been working on the Konjsko gold project in Macedonia, and this has already yielded some very impressive results.

In an earlier first phase exploration program conducted over the past two years, Reservoir has discovered a 2.5 kilometer structural trend which it thought to be quite prospective for gold mineralization. After the mapping stage, Reservoir started a sampling program, and in this channel sampling program it discovered 19 meters of 2 g/t gold (with values ranging from less than a tenth of a gram per ton to almost 10 g/t). This is very encouraging as it's a positive surprise to find some gold on surface (keep in mind this project is more or less a grassroots exploration project and it already… Read More …