Clifton Star Resources (CVE:CFO) has unveiled the results of a highly-anticipated preliminary economic assessment (PEA) on its Duparquet project in Quebec, outlining a low-cost gold operation with an internal rate of return (IRR) of 19.5% and the potential to increase resources further. 

Clifton Star Resources (CVE:CFO) announced Monday results from another 14 holes as part of the drilling campaign this year at its Duparquet project in Quebec, which continue to be "very encouraging." 

Clifton Star Resources (CVE:CFO) says it has proven it has got the golden ticket, with continued strong drilling results from its Duparquet project in Quebec, along with metallurgy results that showed recovery rates of over 93 per cent.

Xmet Inc. (CVE:XME)(OTCQX:XMTTF) Thursday announced that it will acquire Clifton Star's (CVE:CFO) Duquesne Mine, which is immediately adjacent to Xmet's flagship Duquesne-Ottoman project in Quebec.

Clifton Star Resources (CVE:CFO) unveiled Thursday results from another 20 drill holes at its Duparquet project in Quebec, forming part of the 2012 drill program that has hit what the company called "significant mineralization" in the North, South and Syenite zones on two deposits.

Amid declining gold prices, several miners are struggling to keep costs down, but Sacre-Coeur Minerals (CVE:SCM) (OTC:SCRMF) is not one of them. The company boasts all-in cash production costs of less than $500 an ounce at its alluvial/elluvial operations in Guyana. 

Sunridge Gold Corp. (CVE:SGC)(OTCQX:SGCNF) has done exactly what it set out to do last year in releasing a feasibility study for its Asmara project in Eritrea that minimizes the capital exposure in a challenging time for Canadian juniors, with the company now having a plan to start initial production almost one year earlier than the preliminary report. 

Jennings Capital analyst Dan Hrushewsky has highlighted what he called Asanko Gold's (TSE:AKG) "good project economics" at the Esaase gold project in Ghana, saying the company ranks first of all Canadian gold companies on its radar in terms of cash as a percentage of market cap. 

Gold, silver and antimony miner Mandalay Resources (TSE:MND) has issued a strong message of intent with a promise to pay 6% of net future revenues in dividends. Mandalay announced a dividend for the quarter of C$0.769 in line with this new policy.

Kirkland Lake Gold (TSE:KGI)(AIM:KGI) shares rallied after the company revealed impressive operational results for its fiscal fourth quarter, which analysts say mark a "stellar end" to a year in which the company regained mining access to the higher grade ores at its Macassa mine. Shares jumped 10 percent in afternoon trading in Toronto.