Avoca Resources has posted record results at its Trident gold mine in Western Australia. The mine, located 130km south of Kalgoorlie, has produced 18,140 oz of gold from 96,666t of ore over the past four weeks. For full story, click here
Columbus Gold Corporation announced that its 35.7% held subsidiary Columbus Silver Corporation has released previously unreported significant drilling results following its review of drilling data from its 100% controlled Mogollon silver-gold project, Catron County, New Mexico. For full story, click here
Omico Corp. and partner Ivanhoe Philippines Inc., a wholly-owned unit of Ivanhoe Mines Ltd. of Canada began exploration work on gold prospect areas in Baguio City and Benguet. For full story, click here
A top Indian mining expert declared the Geological Survey of India has identified gold deposits in over 100 places across the country. For full story, click here
It has become the best of times for the Australian gold sector. After being on the skids for 12 years, output is set rebound in response to the rise in gold prices to a record quarterly average of $A1371 an ounce in the March quarter. For full story, click here
Newcrest Mining Ltd., Australia’s leading gold producer, surged 2.4 percent to A$33.74, the highest since March 20. For full story, click here
India gold has reversed early losses on Monday, following overseas markets, where a weak dollar and concerns about government spending to rescue their economies buoyed the yellow metal. Debjyoti Chatterjee, an associate vice-president with ADMISI Commodities, stated: A weakening dollar and rising crude along with speculative interest is driving gold prices higher. For full story, [...]
The Alaska Journal of Commerce reports on Kinross Gold’s (TSE:K) plans for exploration and expansion at it’s Fort Knox gold mine in Alaska. Included in the plans is 16,000 feet of drilling at the Gil prospect joint owned with Teryl Resources (CVE:TRC). Arne Bakke, chief exploration geologist at Fort Knox is quoted saying: We’re evaluating other [...]
By Kishori Krishnan Exclusive To Gold Investing News TSX, the main Canadian stock index closed at its highest level in seven months on Thursday, with energy and mining stocks all moving higher in a TSX trifecta that followed encouraging economic reports from the United States. The S&P/TSX financial group rose 2.6 per cent, the energy [...]
Victoria Gold Corp. declared that majority of shareholders viz. 95.97% have approved the acquisition of Strata Gold Corp. by the former in recently held shareholder meeting in Vancouver. For full story, click here
Sunday, May 31, 2009