This year's drilling will provide greater understanding of the deposit, which is currently estimated to host over 4mln ounces of gold but has yet to be fully tested at depth.

Kryso Resources unveiled a near 47% increase in indicated resources for its flagship Pakrut gold project.

Buy on weakness is the advice of natural resources boutique SP Angel when assessing the potential of Medusa Mining, which has suffered along with the rest of the sector.

A final results statement with positive noises from Krsyo Resources last week was welcomed by investors. The company said it remained confident of bringing the mine into production in 2014, after what promises to be a busy 2013.

Aureus Mining said the latest drill results from the Weaju gold target in Liberia confirm its open-pit potential. The deposit, 30 kilometres north-east of its flagship New Liberty project, yielded some impressively high, near surface grades of the precious metal.