CRk gets a new contract. buy while this is still low and slowly starting it climb back up into dollar land one day.

http://www.theajmonline.com.au/mining_news/news/2014/february/february-6-2014/other-news/downer-boart-longyear-win-nt-gold-mine-contracts

You are here: Home ? Mining News ? News ? 2014 ? February ? February 6, 2014 ? Other News ? Downer, Boart Longyear win NT gold mine contracts
Downer, Boart Longyear win NT gold mine contracts
by Oliver Probert — created Feb 06, 2014 10:24 AM
Junior miner Crocodile Gold has handed out three key contracts for its Cosmo Gold Mine development, 100km southeast of Darwin in the Northern Territory.


Downer, Boart Longyear win NT gold mine contracts

Downer EDI was on Tuesday awarded a two year deal, valued at around $70m, to provide underground mining services at the mine. The contract has an option for a third year, according to Crocodile.

Drilling specialist Boart Longyear won a two year contract of its own; it was awarded the diamond drilling contract by Crocodile, worth an as-yet undisclosed sum.

Crocodile also announced that once the Cosmo project is up and running, the Northern Territory Power and Water Corporation will hold the mine’s power supply contract.

“I am very pleased with the outcome of the contract tender processes and the outcome with the negotiations of the power supply contract,” said Crocodile Gold president and chief executive, Rodney Lamond.

Lamond said the tendering process was both fair and transparent, and said he thought it had resulted in the best contractors for the junior miner to partner with.

“I also feel that the contract terms provide the company and our new partners with the necessary flexibility and scalability in order to be responsive and adaptable to future variables, while also having a positive impact on our operational costs in the Northern Territory.

Downer EDI will take over underground operations at the Cosmo Mine in March.

The scope of Downer’s work there includes development, mining and all other associated works to maintain the required supply of mill feed ore at the mine’s underground operations, Downer said yesterday.

“Our highly skilled and experienced underground mining team looks forward to working with Crocodile Gold Corp on this important project,” said Downer chief executive, Grant Fenn.

The contract win was another positive step in a healthy 2013/14 financial year for Downer.

The company announced a half year net profit after tax (for the six month period ending December 31, 2013) of $99.1m.

While Downer Mining specifically has seen a 23.2% decline in revenue so far in 2013/14 – a figure it attributes to contracts winding up in the face of the resource decline – it can now add this Crocodile contract to its list of positives for this financial year; a list that also includes a 4.5 year mining services contract for the Roy Hill iron ore project, in WA’s Pilbara region.

100 mil in gold last quarter 12 millwent to debt next quarter they will have little debt, this one is a winner go mid long

CRK.TO/CROCF.PK Crocodile Gold Intersects High-Grade Mineralization at The Crosscourse Deposit, Union Reefs: 8.89 Grams/Tonne Gold Over 12.3 Meters And 14.83 Grams/Tonne Gold Over 2.1 Meters 10/13/2011


TORONTO, ONTARIO -- (MARKET WIRE) -- 10/13/11 -- Crocodile Gold Corp. (TSX: CRK)(OTCQX: CROCF)(FRANKFURT: XGC) ("Crocodile Gold" or the "Company") is pleased to announce additional high grade intersections from a drill hole at Crosscourse Deposit, Union Reefs. The intersections were found in a broad zone of medium grade mineralization and numerous sections of visible gold were seen throughout the significant core length beneath the Crosscourse pit. The entire 181.2 meter length from 389.2 to 570.4 meters returned an average grade of 1.81 g/t Au.

Highlights of this drill hole include:


-- 8.89 g/t Au over 12.3 metres;
-- 4.51 g/t Au over 14.08 metres, including 16.2 g/t Au over 3.8 metres;
-- 13.28 g/t Au over 3.65 metres;
-- 14.83 g/t Au over 2.1 metres.

Management believes the Crosscourse deposit is an excellent target for the company to focus exploration efforts because of it's proximity to the Union Reefs mill. Additionally, permitting is in place and the underground infrastructure could be accessed from a single entry point from the base of one of the existing historical pits.

The expansion of resources to vertical depths of 300-400 meters will take a few months to complete but it is anticipated that an underground mining center at Crosscourse can be defined and brought into production fairly quickly, supporting the company's strategy to add low cost, high grade production to the near-term mine plan. A desktop study for the underground exploration program in 2012 is underway with initial concepts and costs expected to become available later this year.

Commenting on the results, Chief Operating Officer, David Keough stated: "these continued high grade results support our short and medium term strategy to add quality, high grade ore to our Union Reefs mill. We believe the focus on adding higher grade ore to our production profile over the next few years will, in turn, positively affect our profitability by decreasing average cash costs."

Drilling by past operators under the Crosscourse pit targeted the high-grade mineralization identified as the E-Lens (Figure 3). Drill intercepts from past operators on the E-lens below the pit bottom include: 11 metres @ 6.60 g/t Au, 36 metres @ 4.10 g/t Au and 16 metres @ 6.00 g/t Au. An historic mineral resource estimate for the Crosscourse E-Lens indicated 150,000 tonnes grading 4.3 g/t Au(i). The deepest intersection of 14.83 g/t Au over 2.1 meters is interpreted to be a possible depth continuation of a near surface western lodes defined by past operators that had a historic resource of 18,000 tonnes grading 14.56g/t Au(i) (a qualified person has not carried out the work required to classify the historical estimate as current mineral resources for Crocodile Gold and therefore Crocodile Gold is not treating the historical estimate as current mineral resources).

Past production from the Crosscourse pit amounted to 13,036,535 tonnes averaging 1.7 g/t Au producing over 700,000 ounces of gold. Approximately 83% of the gold from the Union Reefs open pits came from the Crosscourse pit.

Crocodile Gold will continue drilling at Union Reefs for the foreseeable future, including through the wet season, to quickly expand the resource base in this area. Figure 2 shows the diamond drilling to date and the new drill results being released today. Following completion of the drilling program, Crocodile Gold plans to update mineral reserve and mineral resource estimates.

The exploration team has designed the next phase of drilling to focus on the Prospect Deposit, an additional high grade deposit with similar benefits as Crosscourse. Past production from the Prospect Deposit amounted to 411,994 tonnes grading 1.6g/t Au to produce 21,242 ounces of gold.

An historic mineral resource calculation for the mineralization under the Prospect pit indicated 144,000 tonnes grading 11.7 g/t Au(i) to a depth of approximately 30 metres below the pit bottom (Figure 2, Figure 5). Note that a qualified person has not carried out the work required to classify the historical estimate as current mineral resources for Crocodile Gold and therefore Crocodile Gold is not treating the historical estimate as current mineral resources. A revised resource calculation will be produced at the end of 2011 and additional resource calculations will be formulated in 2012 when the deep drilling program is completed.

Crocodile Gold's exploration group is also looking at other deposits in the Union Reefs area including Orinoco, Wellington and Elizabeth. A drill program is planned for the Orinoco Deposit to determine if sufficient resources are present to include it in the Company's future mine plan. The Wellington and Elizabeth deposits have some interesting historic high-grade drill intercepts that need additional work to see if they can be expanded upon.


Table 1

----------------------------------------------------------------------------
Local
Grid
----------------
True Grade
Depth From To Width Width (g/t
Hole_ID Location East North RL (m) (m) (m) (m) (m) Au)
----------------------------------------------------------------------------
URNDD02 Crosscourse 5154 6722 1193 633 389.2 401.5 12.3 9.84 8.89
and 408.5 426.1 17.6 14.08 4.51
Incl. 422.3 426.1 3.8 3.04 16.18
and 434.4 435.65 1.25 1.0 9.07
and 444 447.65 3.65 2.92 13.28
and 463 466 3 2.40 4.04
and 504 505.6 1.6 1.28 5.53
and 543.55 546.35 2.8 2.24 9.65
and 568.3 570.4 2.1 1.68 14.83
----------------------------------------------------------------------------

(i)Historical estimates derived from the internal report titled "Mine Closure Report, Union Reefs Gold Mine (Pine Creek)" prepared by Crosby, Q., Makar, B., Chen Chow, K., Sheehan, E., Davis, G., December 12, 2006. This report was not prepared in accordance with currently accepted guidelines for the preparation of Mineral Resources and Mineral Reserves, and does not comply with National Instrument 43-101 ("NI 43-101") and are not considered by Crocodile Gold, as current mineral resources or mineral reserves. These resource estimates may have also been depleted by past mining, and although possibly demonstrative of the potential grade of the deposits, the historical estimates of tonnage and grade are not considered indicative of the remnant potential resource. A qualified person, as such term is defined under NI 43-101, has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. Crocodile Gold is not treating the historical estimate as current mineral resources or mineral reserves and the historical estimate should not be relied upon.

About Crocodile Gold

Crocodile Gold is a Canadian company with operating gold mines in the Northern Territory of Australia with a land package of over 3,300 km2. Crocodile Gold is currently mining a number of open pits in the Howley Corridor. The Company is also developing the Cosmo underground mine. Ore is processed at the Union Reefs Mill with a capacity of 2.4 million tonne per year. Crocodile Gold has 3.175 million ounces of NI 43-101 compliant Measured and Indicated mineral resources and 2.14 million ounces of Inferred mineral resources. The Company has an extensive exploration program in place and is drilling on several key properties on its expansive land package. Crocodile Gold's main focus is on the Cosmo/Howley corridor, and the Union Reef project area.

For additional information, please visit our website www.crocgold.com. Follow us on Twitter (@crocgold_crk) or Facebook (Crocodile Gold Corporation).

Qualified Person

Mark Edwards, Geology Manager of Crocodile Gold Australia Operations is a "qualified person" as such term is defined in National Instrument 43-101 and has reviewed and approved the technical information and data included in this press release.

Notes:

1. Drill samples were assayed at Northern Australian Laboratories (NAL).

2. Assay results are based on 50g fire assays.

3. All intersections from diamond samples are HQ half-core.

4. Diamond sample intervals are determined using lithological controls or 1.0m whichever is larger

5. Mean grades have been calculated on a minimum of 1.0m interval, 0.5 g/t lower cut-off and maximum 3m internal dilution. No upper cut has been applied

6. All intersections are down-hole intervals.

7. All deviations have been verified by down hold camera.

8. QAQC for these holes has been checked and verified through blind standards, field duplicates, lab repeats and barren flushes. QAQC results are within expected limits.

Cautionary Note

Certain information set forth in this press release contains "forward-looking statements", and "forward-looking information under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements which include management's assessment of Crocodile Gold's future plans, operations and mineral resource estimates and are based on Crocodile Gold's current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as "expects" "anticipates", "believes", "projects", "plans", and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Crocodile Gold's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: liabilities inherent in mine development and production; geological, mining and processing technical problems; Crocodile Gold's inability to obtain required mine licenses, mine permits and regulatory approvals required in connection with mining and mineral processing operations; competition for, among other things, capital, acquisitions of reserves, undeveloped lands and skilled personnel; incorrect assessments of the value of acquisitions; changes in commodity prices and exchange rates; currency and interest rate fluctuations; various events which could disrupt operations and/or the transportation of mineral products, including labour stoppages and severe weather conditions; the demand for and availability of rail, port and other transportation services; the ability to secure adequate financing and management's ability to anticipate and manage the foregoing factors and risks. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Crocodile Gold undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.

To view the figures associated with this press release, please visit the following link:

http://media3.marketwire.com/docs/735538.pdf

Contacts:
Crocodile Gold Corp.
Rob Hopkins
Manager, Investor Relations
416-861-5899
info@crocgold.com
www.crocgold.com

Source: Crocodile Gold Corp.

Crocodile Gold Corp. announces fourth quarter production of 22,351 ounces and 2010 annual production of 81,793 ounces.

Highlights include:

-- 518,475 tonnes at a grade of 1.49 grams/tonne gold were milled in the fourth quarter of 2010 to produce 22,351 ounces at a recovery of 91.4%. Of note, ore milled in October was 196,000 tonnes before the wet season began to impact mill throughput.

-- Gold poured during the fourth quarter of 2010 of 23,300 ounces despite the Northern Territory of Australia experiencing one of its wettest quarters on record.

-- During 2010, a total of 1,856,180 tonnes at a grade of 1.55 grams/tonne gold were milled to produce 81,793 ounces for an overall recovery of 88.4%. Higher than normal monsoonal rains in December negatively affected both mine production and mill throughput. There were 8 days of lost production in December at Howley as higher grade ore at the bottom of the pit was inaccessible reducing production by approximately 2,000 ounces in the last half of December. In addition, 40,000 fewer tonnes were milled in December due to rainfall related production issues.

-- The Company focused on selectively mining higher grade areas to offset production difficulties caused by abnormally high rainfall. The current long term weather outlook for the monsoonal season which typically ends in March indicates that there will be further above average rainfall in the first quarter of 2011.

-- Production during the fourth quarter of 2010 came from the Brocks Creek underground mine and the Howley, North Point and Princess Louise open pits..."

fwiw...Interview with CEO on J.Taylor...

Part 2 Crocodile Gold President and CEO Mike Hoffman updates their projects, talks about schedule, and says they are working on the best project within the development

http://www.miningstocks.com/radio/jayradio.php

looking good technically... 50MA crossing 200MA, hope it breaks 1.65, then we are off!

With Gold on the move I bet this gets traction soon...

http://www.crocgold.com/

CROCODILE GOLD CORP. ANNOUNCES C$28,000,000 BOUGHT DEAL FINANCING

11/02/2010

TORONTO, ONTARIO--(Marketwire - Nov. 2, 2010) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

Crocodile Gold Corp. (TSX:CRK) ("Crocodile Gold" or the "Company") announced today that it has entered into an agreement with a syndicate of underwriters co-led by GMP Securities L.P. and Cormark Securities Inc. (the "Co-Lead Underwriters"), and including Macquarie Capital Markets Canada Ltd, TD Securities Inc., Raymond James Ltd., Northland Capital Partners and Fraser Mackenzie Limited (together with the Co-Lead Underwriters, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 20,000,000 common shares (the "Common Shares") of the Company, at a price of C$1.40 per Common Share (the "Offering Price") for aggregate gross proceeds to Crocodile Gold of C$28,000,000 (the "Offering").

The Company has agreed to grant the Underwriters an over-allotment option to purchase up to an additional 3,000,000 Common Shares at the Offering Price, exercisable in whole or in part, at any time on or prior to the date that is 30 days following the closing of the Offering. If this option is exercised in full, an additional C$4,200,000 will be raised pursuant to the Offering and the aggregate gross proceeds of the Offering will be C$32,200,000.

The Common Shares will be offered by way of a short form prospectus to be filed in all of the provinces of Canada, except Quebec.

The net proceeds are intended to be used to accelerate the underground development at the Cosmo underground mine located in the Northern Territory of Australia and for general corporate purposes.

The Offering is expected to close on or about November 22, 2010

This looks like a steal here...

3+ million Oz's!

CRK up strong today on new PR: Crocodile Gold Pours 10,000 Ounces of Gold in September 2010 Setting New Monthly Record

http://www.crocgold.com/News/News-Releases/News-Release-Details/2010/Crocodile-Gold-Pours-10000-Ounces-of-Gold-in-September-2010-Setting-New-Monthly-Record1122874/default.aspx

TORONTO, ONTARIO -- (MARKET WIRE) -- 10/06/10 -- Crocodile Gold Corp. (TSX: CRK)(OTCQX: CROCF)(FRANKFURT: XGC) ("Crocodile Gold" or the "Company") is pleased to announce that it poured a record of 10,024 ounces of gold in September 2010 and remains on track to produce 85,000 ounces of gold in 2010. Production for the month of September was 9,789 ounces and production during the quarter ended September 30th totalled 26,138 ounces. Year to date production totalled 59,443 ounces.

In releasing this information, Chief Operating Officer, David Keough, commented, "We are pleased to report this record monthly production as it speaks to our steady improvement in operations since we commenced production. We continue to achieve above targeted recovery and continue to increase monthly production which brings us closer to achieving our target production of 85,000 ounces in 2010."

During September 2010, Crocodile Gold milled 185,458 tonnes of ore at a head grade of 1.75 g/t gold and a recovery rate of 94% to produce 9,789 ounces of gold. Gold poured during the month of September was 10,024 ounces. Production during the month was from the Howley, North Point and Princess Louise open pit mines and the Brocks Creek underground mine in the Northern Territory of Australia (refer to Figure 1 below for property location map).

About Crocodile Gold

Crocodile Gold is a Canadian company with operating gold mines in the Northern Territory of Australia and a land package of over 2,500 km(2). Crocodile Gold is currently mining from the Howley, North Point and Princess Louise open pit mines and the Brocks Creek underground mine. Crocodile Gold commenced mining in November 2009 and announced its first gold pour in December 2009 at its Union Reefs Mill. The Company is currently developing the Cosmo underground mine. Ore is currently processed at the 2.4 million tonne per year Union Reefs Mill. Crocodile Gold has 3.09 million ounces of NI 43-101 compliant measured and indicated resources (42.9 million tonnes at an average grade of 2.3 g/t gold) and 1.94 million ounces of inferred resources (26.7 million tonnes at an average grade of 2.3 g/t gold) (see Annual Information Form dated March 31, 2010 and Crocodile Gold press releases dated September 8, 2009 and January 25, 2010). The Company has an exploration program in place with a main focus on the Cosmo/Howley corridor which covers a five kilometre strike length of a 25 kilometre trend.

Qualified Person

David Keough, MAusIMM, Chief Operating Officer of Crocodile Gold is a "qualified person" as such term is defined in National Instrument 43-101 and has reviewed and confirmed the technical information and data included in this press release.

CRK's high cash costs and lowered guidance hurt them for sure. But where else can you find a junior with 5 million ounces proved and in production going for $50 an Oz? I see this at $4 a share when they are more ramped up. Vic

looks promising, a little amazed at costs per oz for production , but company does seem to have support from F&M.
news from today unexpected??? but looks good

http://tmx.quotemedia.com/article.php?newsid=34397855&qm_symbol=CRK

Encouraging Gold Drill Intercepts From Jv Partner Thundelarra-intersects 4.96 G/t Au Over 12 Metres

Sep. 30, 2010 (Market News Publishing) --
CROCODILE GOLD CORP ("CRK-T") THUNDELARRA EXPLORATION LTD ("TLX-V") - Encouraging Gold Drill Intercepts From Jv Partner - Thundelarra-intersects 4.96 G/t Au Over 12 Metres

Crocodile Gold Corp. ("Crocodile Gold" or the "Company") is pleased to announce the latest diamond and reverse circulation drill results completed by its joint venture partner, Thundelarra Exploration Ltd ("Thundelarra") on the Thunderball prospect located approximately 140 kilometres south of Darwin in the Northern Territory of Australia.

Highlights from hole TPCRC066 at the Thunderball prospect include:

4.96 g/t gold over 12 metres including 10.90 g/t gold over 4 metres from 66 metres down the vertically drilled hole. Crocodile Gold has 100% of the gold rights on this tenement.

Crocodile Gold Announces Option Exercise by Stan Bharti Chairman of Crocodile Gold

2010, 4:30 pm EDT
TORONTO, ONTARIO--(Marketwire - Sept. 21, 2010) - Crocodile Gold Corp. (TSX:CRK - News; OTCQX:CROCF)(FRANKFURT:XGC - News; "Crocodile Gold" or the "Company") today announces that Stan Bharti, Chairman of Crocodile Gold, has exercised 1,000,000 stock options convertible into common shares of Crocodile Gold at an exercise price of $1.19 each.

In releasing this information, Stan Bharti, Chairman of Crocodile Gold commented, "By exercising these stock options and holding the underlying shares I am increasing my personal investment into Crocodile Gold and demonstrating my commitment to the Company. As a long term shareholder, I believe that there is significant value to be realized in our Company. We are trading at a substantial discount to our peers as the current stock price undervalues the resource ounces held by the Company, our current gold production and the projected growth in gold production. Our management team are all shareholders of our Company and we will continue to add to our personal investment as we develop and build Crocodile Gold into a junior gold producer."

About Crocodile Gold

Crocodile Gold is a Canadian company with operating gold mines in the Northern Territory of Australia and a land package of over 2,500 km(2). Crocodile Gold is currently mining from the Howley and North Point open pit mines and the Brocks Creek underground mine. Crocodile Gold commenced mining in November 2009 and announced its first gold pour in December 2009 at its Union Reefs Mill. The Company is currently developing the Cosmo underground mine. Ore is currently processed at the 2.4 million tonne per year Union Reefs Mill. Crocodile Gold has 3.09 million ounces of NI 43-101 compliant measured and indicated resources (42.9 million tonnes at an average grade of 2.3 g/t gold) and 1.94 million ounces of inferred resources (26.7 million tonnes at an average grade of 2.3 g/t gold) (see Annual Information Form dated March 31, 2010 and Crocodile Gold press releases dated September 8, 2009 and January 25, 2010). The Company has an exploration program in place and is drilling on several key properties on its expansive land package. Crocodile Gold's main focus is on the Cosmo/Howley corridor which covers a five kilometre strike length of a 25 kilometre trend.

Qualified Person

David Keough, MAusIMM of Crocodile Gold is a "qualified person" as such term is defined in National Instrument 43-101 and has reviewed and confirmed the technical information and data included in this press release.

FWIW...Grandich's comments..

Aug 17
Grandich Client Update – Crocodile Gold Croc has start up pains but has potential for long term gains


http://www.grandich.com/

Crocodile Gold issued a press release announcing their Q2 2010 results and production results to date. First and foremost, Croc has produced 41,700 ounces of gold to the end of July. They declared commercial production as of June 1, 2010, and poured 8,697 ounces of gold during June and produced 8,200 ounces in July. Their cash costs were high in June at $1051 per ounce, but this included an inventory writedown of $77 per ounce and they just declared commercial production so these costs should decrease as the operations progress and monthly production increases.

They discussed a number of things in the press release, but before getting into other details, of note is that Croc has reduced its 2010 production guidance from 100,000 ounces to 85,000 ounces based on several factors including the delayed start up of the Tom’s Gully underground mine which accounted for 8,000 ounces. They think it is best to defer production, and mill commissioning at the Tom’s Gully mill, which should allow the mine plan to be optimized and lower the risk of any issues after startup. Croc is also modifying their mine scheduling due to the monsoonal wet season that occurs in the Northern Territory beginning late this year. They are taking actions to minimize disruptions during this season. They are being prudent in their decision and even though it will affect the production profile, the growth in this company is still there. They will now be able to really focus on optimizing the current operations and spend their efforts on developing the large Cosmo underground mine which is ahead of schedule. While a disappointment in the short term, they have not lost focus on the more important growth of production in the long term.

Croc has had its share of growing pains since it began producing from its mines in the Northern Territory of Australia in November 2009, but I think it is important to focus on the bigger picture of what this company has to offer – a growing production profile, decreasing costs and huge exploration potential. They have the assets and the management team to execute on their growth plan. Keep in mind a number of guys on the team previously worked at Goldcorp – the CEO, CFO and COO in addition to some Board members, so they have the experience of working with the majors. They purchased the assets for US$9 an ounces and have moved quickly into a junior gold producer.

The team is working on improving the operations and so far mill availability and recoveries are at or above target levels. They are also now developing a new small open pit mine called Princess Louise, which is near the operating North Point open pit mine, which should help in increasing mill throughput and in building ore stockpiles. Crocodile Gold personnel are also actively researching historical exploration information and I expect that there can be some news in the coming months on some of this potential.

The future of the company is the Cosmo/Howley corridor which contains over 2 million ounces of gold over a 5 kilometre strike length, and is full of exploration potential and targets. Croc is currently mining from the Howley open pit mine and is developing Cosmo as an underground mine ahead of schedule. Cosmo should be in production in mid-2011 and will be a significant contributor to Croc’s planned growth in production. The exploration potential here is huge and they’ve only scratched the surface.

I hear you...I sold some of my shares...today....May buy them back later when the dust settles...

Stan : "We had some growing pains in the first two quarters, but the mine is performing well now. " from aug 11 gold report

well that was a croc! oops crock ! Cash costs over 1000 dollars is not performing well.

JFF7

CRK/CROCF recommended again..

thanks kewl2

Stan Bharti: Hard Assets Heyday
Source: Karen Roche of The Gold Report 08/11/2010

Is there magic in all those hats that Forbes & Manhattan Founder and CEO Stan Bharti wears? The financier who has seeded, nurtured, supported and guided dozens of junior resource companies to the pinnacle discusses his formula—and a few of his favorites—in this exclusive interview with The Gold Report. With hard assets in favor these days, Stan believes the best you can buy are commodities—they're "real, fundamental. . .something you can touch and feel."

------------------

http://www.theaureport.com/pub/na/7050

TGR: Excellent. Are there other gems in this portfolio that have real compelling stories?

SB: They all do. We go through some struggles, ups and downs. But they generally all have a good asset base, good leverage. One that I really like a lot in gold right now is Crocodile Gold Corp. (TSX:CRK; OTCQX:CROCF). It's a big Australian company. We acquired it two years ago for very little in the height of the financial crisis. Huge land position, 2,500 square kilometers, over 5 million ounces. The previous owners had spent hundreds of millions of dollars on these assets, which we acquired for less than $50 million.

With a little bit of capital we were able to start the mine. This is the first year we're putting it into production. We had some growing pains in the first two quarters, but the mine is performing well now. Crocodile Gold is doing almost 100,000 ounces this year and expects to go to almost 200,000 next year. Once we get to 250,000–300,000 ounces—which this asset has the ability to do over the next three to five years—Crocodile Gold will be a perfect takeover candidate by a major. So there's a great story.
-----------------------------------

Stan Bharti, business consultant, professional mining engineer and international financier, has amassed more than 30 years' experience in business, management, operations, public markets, finance, mergers and acquisitions—the whole nine yards. He also has amassed more than $3 billion in investment capital to help propel junior resource companies to wealth-creating heights for their stockholders. He has been instrumental in acquiring, restructuring and financing scores of promising startups as well as struggling producers, from Europe to the Americas to Australia. As Financial Commentator and Market Analyst Peter Grandich puts it, "In a business where failure is the norm, people like Stan Bharti. . .have separated themselves from the also-rans." Serving on the boards of numerous companies, both public and private and often as chairman, Stan devotes the lion's share of his time to the premier merchant bank he founded, Forbes & Manhattan, Inc., where he is president and CEO.

Hey, cmzio, good to seeya ;)..eom

also a croc shareholder here
i expect it to do very well in the near future! looking forward to the quarterly filing

CRK.TO CROCF Updated presentation August 2010:

http://www.crocgold.com/Theme/Crocodile/files/doc_presentations/2010/CRK%20Marketing%20Pres%20Aug%205%202010.pdf

Digg, thanks for that. My target is $4 with >$1200 GOLD.

CRK.t/CROCF.pk

(Me too - tr8derrvic)

http://www.theaureport.com/pub/na/6989

Brian Mok: Gold Dynamics
Source: Brian Sylvester of The Gold Report 08/04/2010

Union Securities Analyst Brian Mok gets excited about gold companies with prospects for big-time growth. But then again, who doesn't? In this exclusive interview with The Gold Report, Brian discusses at length, and offers target prices on, no less than five juniors headed for big increases in gold production.

TGR: Another company that has a similar business model but is a fair distance away is Crocodile Gold Corp. (TSX:CRK; OTCQX:CROCF) in Australia. It's a high-cash-cost producer that brought some old projects back into play. Tell our readers about that one.

BM: Crocodile Gold's sole asset is in the Northern Territory in Australia. The asset base consists of the former assets of GBS Gold, which went into bankruptcy protection in 2008. Essentially GBS tried to bring these operations on and ran into operational problems, then faced a cash crunch just as the financial crisis hit. They had to go into bankruptcy.

Crocodile Gold purchased the assets, applied a new mining plan, and essentially started operations in November 2009. I think the company was a bit aggressive in terms of their initial gold production forecast of 120,000 ounces for 2010. They had to subsequently reduce it to 100,000 ounces and the stock took a bit of a hit earlier this year, but they recently announced commercial production beginning in June. June production figures are around 8,700 ounces. I had forecast 7,500, and I was surprised they were able to beat my estimates. They've maintained their guidance for 100,000 ounces in 2010, which I think is very positive. I'll keep an eye on the stock for Q3 and Q4, but I'm fairly comfortable now that the company will be able to execute on this year's target and line things up for 2011, when they're aiming for 200,000 ounces.

TGR: It's not just one mine, though. There's a lot going on there.

BM: This operation is actually a series of operations. They've got two mills, a number of open pits planned and two underground mines. Basically they're drawing ore from all the mines and processing them in the Brocks Creek Mill, as well as at the Tom's Gully Mill.

TGR: But if somebody came up to you and asked, "What stands out about Crocodile Gold?" what would you say?

BM: What I like about Crocodile Gold is that, in typical Aussie fashion, they drilled shallow and only drilled a resource large enough to justify a small operation. The previous operators, even prior to GBS Gold, missed a lot of potential. Now Crocodile is going back and doing what we would typically do in North America, in terms of drilling to define a resource. I think there's significant potential to add resources to enhance the production profile and the mine life. Also, they can ramp up production quickly, and are able to go from 0 to 100,000 and potentially to 200,000 ounces. Those are the main things I like about Crocodile Gold.

TGR: What's your 12-month target price on that?

BM: My target price on Crocodile Gold is $2.60.

Digg,thanks again. I like CRK better than BGM at these levels for now. Vic

NP - I undersand...CRK/CROCF new interview...

(50 M drill program for next 2 years, finding gold for $6 ounce)

http://www.miningstocks.com/radio/jayradio.php

7/13

Part 2 Crocodile Gold President and CEO Mike Hoffman talks about the miner that is mining gold in the Northern Territory of Australia and gives updates on progress
-----------------------------------------------

Corp. Presention..
http://www.barkervillegold.com/i/pdf/ppt/CorporatePresentation_apr2010.pdf

Thanks, I'll check it out time permitting.

CRK.T CROCF interview link...If you haven't heard them..


http://www.miningstocks.com/radio/jayradio.php

1) Check out 6/15 - part3 (27M drill progam?)
2) 4/20 - part 3 (going to produce 500,000 year!)
3) 3/2 - part 2 (cut short)

Take a look at BGM.T also...

CRK.TO/CROCF 1.07 usd Drilling Update

http://finance.yahoo.com/news/Crocodile-Gold-Continues-to-ccn-2262098007.html?x=0&.v=1

Crocodile Gold Continues to Extend Howley Mineralization-Up to 13.36 g/t Au Over 5 Metres in Hole HSRC142 Within a Larger Mineralized Envelope of 1.82 g/t Au Over 40 Metres

TORONTO, ONTARIO--(Marketwire - July 8, 2010) - Crocodile Gold Corp. (TSX:CRK - News; OTCQX:CROCF)(PINK SHEETS:CROCF - News; FRANKFURT:XGC - News; "Crocodile Gold" or the "Company") is pleased to announce the latest reverse circulation drill results from its Howley project in the Northern Territory of Australia (refer to Figure 1 below for location map). The project is currently the site of an ongoing reverse circulation drill program, which is part of the exploration program being conducted on the Company's extensive landholdings in the Northern Territory.


Highlights of these drill results are: -- Near surface mineralization of 8.93 g/t Au over 6 metres in hole HSRC014; -- Numerous wider mineralized intersections down dip from existing resources in hole HSRC150 with 5.02 g/t Au (uncut) and 4.78 g/t Au (cut) over 9 metres, in hole HSRC142 with 13.36 g/t Au (uncut) and 7.46 g/t Au (cut) over 5 metres, in hole HSRC151 with 2.44 g/t Au over 7 metres and in hole HSRC147 with 22.7 g/t Au (uncut) and 5.81 g/t Au (cut) over 9 metres; -- Higher grade intercepts continue to be intersected on the east anticlinal limb of mineralization with up to 12.17 g/t Au over 2 metres in hole HSRC127 at a vertical depth of approximately 24 metres; -- Mineralization continues to be intersected in the West Zone Area with up to 5.60 g/t Au over 6 metres in hole HSRC336 at approximately 40 metres below surface; -- Mineralization extended more than 600 metres north of existing resources with 6.14 g/t Au over 2 metres in hole HSRC238; and -- Mineralization remains open to the north, south, west and at depth.
The Howley mineralization occurs within an anticlinal structure that is the southern part of a more than 25 kilometre mineralized system within the Company's tenements and with existing shallow NI 43-101 compliant resources located along this entire trend. The Howley open pit is located immediately north of the Cosmo pit with mineralization present more than 5 kilometres to the north of Cosmo. The majority of work to date at Howley has focused on the west limb of the anticline which is also the location of the majority of the current known resources. The majority of previous drilling and known resources have extended less than 100 metres below surface, and drill testing the extent of mineralization in all directions including extensions at depth are the main focus of the existing drill program at Howley.

Crocodile Gold is pleased to report that these current drill results continue to confirm that mineralization is present in several key areas as previously reported (refer to Crocodile Gold press releases dated January 14, 2010 and May 3, 2010). These areas include:


1. Mineralization at depth beneath existing resources; 2. Mineralization in areas of no existing resources and minimal drilling; 3. Higher grade mineralization on the east anticlinal limb; 4. Further mineralization in the West Zone Area; and 5. Potential upgrade of mineralization within existing pit shells.
Area 1: Mineralization at depth beneath existing resources

These results demonstrate that mineralization exists down dip of current resources as shown in hole HSRC150 with 5.02 g/t Au (uncut) and 4.78 g/t Au (cut) over 9 metres, a higher grade intercept within a zone of mixed mineralization and waste of 1.58 g/t Au over 47 metres (refer to Figure 2 below for a plan view of recent Howley drill hole collars). The majority of current resources at Howley are less than 100 metres below surface, and as part of the current drill program, Crocodile Gold drilled several holes to vertical depths beyond 200 metres to continue to test for mineralization at depth. Some higher grade intercepts were encountered at depth including 13.36 g/t Au (uncut) and 7.46 g/t Au (cut) over 5 metres in hole HSRC142, a higher grade intercept within a zone of mixed mineralization and waste of 1.82 g/t Au over 40 metres, and 22.7 g/t Au (uncut) and 5.81 g/t Au (cut) over 9 metres in hole HSRC147. Hole HSRC151 intersected 2.44 g/t Au over 7 metres. Mineralization continues to remain open at depth.

Area 2: Mineralization in areas of no existing resources and minimal drilling

As part of these current results, mineralization has been intersected more than 600 metres north of the existing resources and 100 metres north of mineralization found in previously reported drill results (refer to Crocodile Gold press release dated May 3, 2010). In the area between approximately 6000N to 6600N, no resources have been defined due to lack of adequate drilling to calculate a resource (refer to Figure 2). Hole HSRC238 intersected 6.14 g/t Au over 2 metres 600 metres north of the existing resources. Additional intersections in this area include 1.78 g/t Au over 6 metres in hole HSRC232 and 4.06 g/t Au over 5 metres in hole HSRC237.

Area 3: Higher grade mineralization on the east anticlinal limb

The majority of historical exploration at Howley has focused on the west limb of the anticlinal structure, at the location of the bulk of existing resources. The east limb has previously received little attention, and Crocodile Gold has been drilling on this limb and has been successful in intersecting higher grade mineralizaton, as previously reported (refer to Crocodile Gold press release dated May 3, 2010). As part of the current program, hole HSRC127 intersected 12.17 g/t Au over 2 metres at approximately 24 metres below surface, continuing to confirm that higher grade mineralization is present on the east limb.

Area 4: Further mineralization in the West Zone Area

One objective of this drill program is to better define the West Zone Area and the extent of the mineralization. Crocodile Gold identified the West Zone Area in January 2010 and has made this area a priority with the goal of possibly extending the existing open pit located to the east of this area. Mineralization continues to be intersected in this region. For example, hole HSRC336 intersected 5.6 g/t Au over 6 metres at a depth of approximately 40 metres below surface. In addition, hole HSRC264 intersected 3.38 g/t Au over 3 metres.

Area 5: Potential upgrade of mineralization within existing pit shells

Several holes intersected mineralization within the existing pit shells near surface and should assist in potentially upgrading the existing resource categories. Hole HSRC014 intersected 8.93 g/t Au over 6 metres only a few metres below surface. Some wider intervals were also intersected including 1.81 g/t Au over 15 metres in hole HSRC084 and 1.64 g/t Au over 11 metres in hole HSRC078.

Summary

In releasing this information, Crocodile Gold's Chief Operating Officer, David Keough, commented, "Our exploration efforts at Howley have continued to demonstrate that Howley could be significantly larger than what is currently defined by the current resource estimate. This is one of our highest priority areas and we are actively drilling to further define the extent of mineralization. We continue to better understand the Howley mineralization as our drill program advances and we are pleased to report that the mineralization continues to remain open particularly to the west and north and at depth. The next phase of our drill program will focus on defining the extent and potential of the newly discovered ore lenses."

CRK.TO / CROCF 1.07 usd, making nice steady progress proving up more gold. Reiterate strong buy with $4 target. Vic

"... In the coming months we expect to see continued improvement in overall production as we expand production to 200,000 ounces in 2011... "

Nice progress...

CRK.TO/CROCF 1.10 cdn,1.03 usd, Crocodile Gold on Track to Meet Production Targets and Produces 8,700 Ounces of Gold in June

TORONTO, ONTARIO--(Marketwire - July 6, 2010) - Crocodile Gold Corp. (TSX:CRK - News; OTCQX:CROCF)(FRANKFURT:XGC - News; "Crocodile Gold" or the "Company") announces today it remains on track to produce 100,000 ounces of gold in 2010 (see Crocodile Gold press release dated May 17, 2010). For the month of June, the first month of commercial production, Crocodile Gold milled 174,000 tonnes of ore at an average grade of 1.57 g/t Au. Gold poured in June totalled 8,700 ounces. Year-to-date gold sales totalled 32,200 ounces. The Company expects to produce over 30,000 ounces of gold in the third quarter and close to 40,000 ounces of gold in the fourth quarter as production begins from the Tom's Gully underground mine.

In releasing this information, Chief Operating Officer, David Keough, commented, "We have seen a steady month by month improvement in mill availability, recovery and ounces produced. We are finding that improved grade control and mine planning processes as well as preventative planned maintenance practices are allowing us to more accurately predict production but also to achieve our targets. In the coming months we expect to see continued improvement in overall production as we expand production to 200,000 ounces in 2011."

In May, the Company started the construction and development of the Cosmo underground mine ahead of schedule and by the end of June the surface installations and portal had been completed and the decline had advanced over 60 meters from the portal.

Crocodile Gold remains on track and expects to produce 100,000 ounces of gold this year at a cash cost during commercial production of less than US$700/oz. Crocodile Gold expects the production to come from the North Point, Howley, Brocks Creek and Tom's Gully mines. During the third quarter, Crocodile Gold plans to accelerate waste stripping to access higher grade open pit ore and also to free up sufficient ore so that a stockpile of ore will be available at the Union Reefs mill before the upcoming wet season.

Update on Australian Proposed Super Resource Tax

In addition, Crocodile Gold is encouraged by the Australian government's announcement that following a consultation process with the mining industry, a compromise has been proposed, pursuant to which the proposed Resource Super Profits Tax would be replaced with a Mineral Resource Rent Tax which will only apply to coal and iron ore. Pursuant to the proposal, all other mining companies, including gold, copper, nickel and other base metals, would not be subject to the tax. The new proposed tax has yet to be passed into law.

The Company believes that the government's proposed compromise once again makes Australia a very competitive tax regime for mining investments, particularly gold.

About Crocodile Gold

Crocodile Gold is a Canadian company with the Howley and North Point open pit mines and the Brocks Creek underground mine in the Northern Territory of Australia. Crocodile Gold announced its first gold pour in December 2009 at its Union Reefs mill, started development work at the Tom's Gully underground mine for expected production in late Q3 2010 and has commenced underground development at Cosmo with full production expected by mid-2011. Crocodile Gold has two mills, including the 2.4 mtpy Union Reefs mill and the 240,000 tpy Tom's Gully mill. Crocodile Gold has 3.09 million ounces of NI 43-101 compliant measured and indicated resources (42.9 million tonnes at an average grade of 2.3 g/t gold) and 1.94 million ounces of inferred resources (26.7 million tonnes at an average grade of 2.3 g/t gold) (see Annual Information Form dated March 31, 2010 and Crocodile Gold press releases dated September 8, 2009 and January 25, 2010). The Company has an aggressive exploration program in place and is drilling on several key properties on its land package of over 2,500km2.

Qualified Person

Mark Edwards, Geology Manager of Crocodile Gold Australia Operations, and Heath Gerritsen, Mining Manager of Crocodile Gold Australia Operations, are each a "qualified person" as such term is defined in National Instrument 43-101 and have reviewed and confirmed the technical information and data included in this press release.

http://finance.yahoo.com/news/Crocodile-Gold-on-Track-to-ccn-4153308741.html?x=0&.v=1

CRK.TO 1.15 CD or CROCF 1.12 USD. Crocodile Gold is a Canadian co. with mines
located in Australia. I'm Initiating as a Strong Buy with a 12 month target of
4.00 USD. They were severely punished by the proposed mining super tax in
Australia that now looks to be repealed or modified much lower.

5M oz's proven gold currently valued at $50 per ounce and on track to prove up
another 5M oz's.

Commercial Production declared 6/1/2010 with 100,000 ounces projected for 2010
at cash costs of ~$700 per ounce ramping up to 200,000 ounces 2011 with cash
costs of ~$600 per ounce. Eventual projection of 500,000 ounces au per year.

Share structure at 6/16/2010:
Common Shares Issued & Outstanding 203,400,632
Warrants 22,449,034
Options 9,835,916
Fully Diluted 236,685,582

Recently completed a share offering at 1.30 per share CDN, raising 23 Mil CDN.

No debt and completely unhedged.


Most recent presentation:

http://www.crocgold.com/Theme/Crocodile/files/doc_presentations/2010/CRK%20Marketing%20Pres%20June%202%20%202010.pdf

Website: http://www.crocgold.com/


Best of luck to all,

Vic