Source Exploration Corp. (TSXV:SOP) announced their application to extend the expiry date of the Warrants from the 2009 Private Placement to Dec 23rd, 2012. As quoted in the press release: The Private Placement was a brokered private placement pursuant to which Warrants to purchase an aggregate of 2,062,500 common shares of Source at an exercise [...]
Geologix Explorations Inc. (TSX:GIX)(FRANKFURT:GF6)(BERLIN:GF6)(MUN:GF6)(STUT:GF6) announced additional assay results from the Company’s resource expansion and infill drilling program completed at its 100% owned Tepal gold-copper project in the state of Michoacán, Mexico. As quoted in the press release: Initial assay results from the project’s Tizate Zone have achieved the program’s three main objectives: Several holes have [...]
Geologix Explorations Inc. (TSX:GIX)(FWB:GF6)(BERLIN:GF6)(MUN:GF6)(STUTTGART:GF6) announced the completion of an airborne geophysical survey over the entire Tepal project area. As quoted in the press release: Results from the survey will enable the Company to characterize the various geophysical signatures found over the immediate resource areas (North Zone, South Zone, and Tizate) within the core group of [...]
Latin American Minerals (TSXV:LAT, OTCQX:LATNF) announced that the Company’s shares will commence trading on the OTCQX International Marketplace (“OTCQX”).
Dajin Resources Corp. (CVE:DJI) is a Vancouver based, British Columbia mineral exploration company whose current focus is on the developing gold and copper mineral claims in the Cariboo Mining District of south central British Columbia in addition to the development of potash, lithium and boron concessions in north western Argentina.
Reuters reported that despite a drop in prices, gold demand in India has weakened.
Brazil Resources Inc. (TSXV:BRI ; OTCQX:BRIZF) is a mineral exploration company focused on acquiring and developing gold properties in South America. Brazil Resources’ principal assets, including its flagship Montes Áureos property, lie within the Gurupi gold belt in northeast Brazil.
Polar Star Mining Corp. (TSX:PSR) is a mining company focused on acquiring, exploring, and developing assets in Chile. Polar Star has three properties in Chile: Montezuma, Los Azules, and Chépica.
A lack of confidence in the value of currency and the financial management of many economies is pushing up the price of physical gold, though demand from investors continues to rise along with the need for storing this bullion in vaults across the globe.
Changes to the European Financial Stability Facility could mean a loss in value of the Euro currency in relation to gold and other precious metals.
Friday, December 9, 2011