Journey Resources and Grenville Gold report a second amendment to the joint venture agreement dated February 5, 2008 on Silveria project, Peru. Under the terms of the amended joint venture agreement, Journey has an exclusive option to acquire up to a 75% interest in and to the Property by funding certain expenditure requirements on the Property. To [...]
Delta Exploration reports results from 3 exploration diamond drill holes located on the new zone named the East Zone. The purpose of these three diamond drill holes was to conduct a limited evaluation of radiometric anomalies from work completed by Cogema in the late 1970′s. Mineralization in the form of uraninite and chalcopyrite was observed in East Zone drill [...]
Crew Gold Corporation reports take over the mining works at LEFA, Guinea. The takeover was considered necessary to protect the open pit mining fleet. Good communication and a professional approach to the takeover resulted in no significant delays in mining production due to this action. Crew Gold’s acting CEO, Bill LeClair states: “The takeover of works was [...]
Reuters reports gold jumped to about $911 an ounce today. Spot gold rose as high as $911.15 an ounce and was at $907.60/909.60 an ounce by 1353 GMT, a rise of $31.9, or 3.6 percent, compared with the previous close of $875.70. For complete story, click this link. Follow developments in gold mining and exploration for free. Sign on [...]
National Jeweler Network(Editorial-Sept 24) reports big jewelers though not in competition with other independent jewelers, bankruptcy of the two retail giants: Friedman’s Jewelers and Whitehall Jewellers will make waves in the industry. Friedman’s filed for Chapter 11 bankruptcy protection in January, with Whitehall following suit in June, a somewhat surprising occurrence considering that two months earlier, the Chicago-based [...]
MarketWatch reports gold prices fell as Washington proposed plans for financial bail out is awaiting its fate. In a sobering speech to the nation late Wednesday, Bush said major sectors of the U.S. financial system are at serious risk of disruption, outlining the potential for banks to fail, the stock market to drop, home values to [...]
Gateway Gold Corp. reports results from the recent drilling program on Santa Fe gold property, Nevada. All of these holes intersected thick intervals of gold and silver mineralization highlighted by Hole SF08-06, which intersected 345 feet grading 2.39 g/t gold and 59.9 g/t silver. The holes were all designed to test the grade and thickness continuity of the [...]
Reuters reports markets for spot gold fell more than 2% while the US financial sector’s massive bailout is expected to close a deal. Spot gold was bid at $869.12 an ounce at 1437 GMT from $881.00 late in New York on Wednesday. Traders said negative sentiment had been reinforced by selling related to options ahead [...]
EcuaGold Resources reports its subsidiary, ColombiaGold Resources S.A. has signed a LOI to enter a JV in Colombia. CGR signed a 90-day Exclusivity Agreement with the Concessionaires in June 2008, and based on work done to date, CGR has identified seven mesothermal quartz veins on the Santa Cruz concession and six mesothermal quartz veins on the Palmichala concession. CGR [...]
Overview Established in 1982 and managed by a team with over 250 years’ combined industry experience, Coral Gold Resources is exploring more than 10,000 acres of strategically-located mineral claims on Nevada’s Battle Mountain-Cortez gold trend. The company’s key investment features include: An inferred gold resource exceeding 2.3 million ounces (based on US$600/ounce gold). The Robertson [...]
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