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Global Snapshot: Gold and silver exploration projects to watch

With the rise in the price of gold over the past year, precious metals exploration has picked up steam worldwide. Below we feature eight companies across the exploration, development and production spectrum that maintain a focus on discovery.

Compass Gold

Compass Gold (TSXV: CVB; US-OTC: COGDF) is focused on the Farabakoura gold discovery in southern Mali. The company wholly owns the 850-sq.-km Sikasso project consisting of nine permits within the Birimian gold belt.

Gold rush in Canada’s Nova Scotia unearths opportunities and criticism

While the Canadian province of Nova Scotia has been
attracting local and international companies lured by its untouched gold riches and the easy access to most assets, located nearby existing highways, some groups warn of potential impacts to watersheds and communities.

“Nova Scotia has a golden opportunity to create jobs in gold mining,” Sean Kirby, executive director of the Mining Association of Nova Scotia (MANS) said while opening an industry conference last week.

M3 Metals to acquire Mohave Mine in Arizona

M3 Metals (TSXV: MT) secured an option from two separate vendors to acquire a 100% right, title and interest in the Mohave Mine gold project in the US state of Arizona.

The project is comprised of 160 claims including lode claims and mill-site claims. According to M3, it covers numerous historic gold mines in the Weaver mining district.

M3 has secured the mineral rights to all the historic mines falling within the project and believes they may be related to a property-wide gold system “In addition to the historic gold mines on the project, there is an approximate 5-kilometer gold-in-soil and gold-in-rock geochemical anomaly that extends across the entire length of the project,” the Canadian miner said in a media statement.