This strong PEA has significantly reduced the risk factors associated with the junior explorer and puts Soho into the initial Development phase having strong indications of the economic viability of Tahuehueto.

Two numbers point to the potential of Castle Peak Mining. These are five and 50. In short, there are five mines within a 50 km radius of the firm's Akorade project with a total of 50 mln ounces of gold reserves and resources.

Gold producer Great Basin Gold (TSE:GBG)(AMEX:GBG) Tuesday posted a 27% increase in revenue to $33 million for the quarter that ended March 31, compared with the same quarter a year earlier. The company cited a 7 percent improvement in ounces sold, as well as an 18 percent increase in the realized gold price.

Sunridge Gold (CVE:SGC)(OTCQX:SGCNF) Monday unveiled "positive" results of a feasibility study for its 100 percent-owned Debarwa volcanogenic-massive-sulphide (VMS) copper-gold-zinc deposit, part of the Asmara project in Eritrea.

Gold Resource Corp (AMEX:GORO) announced late Thursday record results for its first quarter that it said set a "strong base" for the company, with gold equivalent production quadrupling year-over-year and mine gross profit more than tripling.

Trelawney Mining's (CVE:TRR) recent acquisition deal by Iamgold Corp (TSE:IMG) (NYSE:IAG) could signify the start of a series of buys in the junior Canadian gold space, with the $585 million deal providing a "wake-up call" for gold producers with cash to spend, says mining research analyst Peter Campbell of Jennings Capital.