Kinbauri Gold Corp. has begun a strategic review of alternatives for the development of its El Valle/Carles Project in Northern Spain. Kinbauri has retained M Partners Inc. For full story, click here
Despite the severe and uncertain economic crisis, gold is not showing any uptrend, which suggests that investors are comfortable holding cash rather than investing in the precious metal. For full story, click here
Market News Publishing reported that Castle Gold Corporation has appointed Mrs. Janet O’Donnell as Chief Financial Officer of the Company. For full story, click here
Silver Falcon Mining, Inc. announces its readiness to become a gold and silver producer at its mill in Melba, Idaho. For full story, click here
MIL Resources Limited announced that it has reached agreement to acquire 50% of Titan Metals Limited, a private PNG registered company which holds 8 Exploration Licence Applications (ELAs) covering over 10,000 sq km in PNG and hosting potential for significant discoveries of gold, copper, nickel and molybdenum deposits. For full story, click here
Copper Canyon Resources Ltd. and Egoli Resources Inc. have agreed to amend Egoli’s option to earn a 75% interest in Copper Canyon’s wholly owned Abo Gold Property located in the Harrison Lake area of south-western British Columbia, approximately 130km east of Vancouver. For full story, click here
The benchmark gold February contract on the MCX may open at round 12,770 rupees per 10 grams, they said. The contract may trade in the range of 12,600-12,850 rupees. The contract closed at 12,738 rupees per 10 grams in the previous session. For full story, click here
Inter-Citic Minerals Inc. President and CEO James Moore, is pleased to report results received from the sixth set of drill holes from the Company’s 2008 diamond drill program at its Dachang Gold Project in China. For full story, click here
Copper Canyon Resources Ltd. and Egoli Resources Inc. have agreed to amend Egoli’s option to earn a 75% interest in Copper Canyon’s wholly owned Abo Gold Property located in the Harrison Lake area of south-western British Columbia, approximately 130km east of Vancouver. For full story, click here
Gold recouped some of last week’s late losses in early trading as the dollar weakened, driving bullion nearly 1 percent higher. For full story, click here
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