Kootenay Gold (TSX-V:KTN) annouced today the results from surface sampling of the Dorotea Structure at its Promontorio project in Northwest Mexico. Maximum values fromt he 22 samples were 45.6g/t gold and 587 g/t silver with average values for copper, lead and zinc of 0.2%, 1.3% and 0.11% respectively. Kootenay’s CEO Jim McDonald is quoted as [...]
The mining companies running the Donlin Creek exploration project declared that their studies show potential for making billions and they plan to apply soon for the environmental and construction permits they’ll need to build the open-pit mine. For full story, click here
Encore Renaissance Resources declared that its president and main geological consultant Kokanee Placer, have recently concluded a visit to the Bonaparte Mine Property affirming the feasibility for start up of the planned bulk test mining program. For full story, click here
Miner OceanaGold Corp has predicted a buoyant market for gold in 2009, and declared that it will focus on exploration. For full story, click here
Century Mining Corporation declared that the company has now received a conditional underwriting commitment for US$65 million. The commitment is subject to the finalization of customary documentation and the transfer of all assets and liabilities associated with the Lamaque Mine into a new wholly-owned subsidiary of the Company. For full story, click here
Russian miner Polymetal declared that the company and four other Russian investors had acquired the Maiskoye gold deposit from gold miner Highland Gold for a total consideration of $105 million. Polymetal CEO Vitaly Nesis stated: With the acquisition of Mayskoye, Polymetal gains a flagship gold asset. For full story, click here
Pele Mountain Resources Inc. declared the signing of an option agreement for its Ardeen Gold Project with Coventry Resources Limited, one of several natural resource companies controlled by Australian company MQB Ventures Pty Ltd. For full story, click here
Timmins Gold Corp. declared the closing of the second tranche of the private placement announced by news release dated March 2, 2009. The second tranche consists of 5,989,500 units at a price of $0.40 per Unit, for gross proceeds of $2,395,800. For full story, click here
Augen Gold Corp. announced the appointment of J. David Mason as Chief Executive Officer. Mr. Mason has been interim Chief Executive Officer since December, 2008 and continues as the Chairman of the Board of Directors. For full story, click here
Gilla Inc. declared that the 2008 exploration stream sediment sampling program returned anomalous gold values on its 199 km2 Salutar Comercio Prospecting Licence in the Province of Cabinda, Angola. Predominantly metasedimentary lithologies of Pre-Cambrian age of the Mayombe tectonic system underlie the PL. Daniel Barrette, Chief Operating Officer of Gilla, stated: The anomalous gold values [...]
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