Colossus Minerals (TSX:CSI) annouced new results from step out drilling today. The numbers continue to be impressive with 70 meters of 53.59 g/t gold, 20.77 g.t platinum and 31.3 g/t palladium. Colossus VP Exploration Vic Wall is quoted as saying: up to 400 metres south of the historical open pit, Colossus drilling has outlined substantial [...]
Read the full article: "Colossus Step-out Drilling Continues to..."
Tuesday, September 29, 2009
Romarco Minerals Inc. has reported that it has acquired more land near to the Halle Gold Mine in South Carolina. The Ridgeway Mine, Haile Gold Mine, Brewer Mine (former producing gold mines) and Buzzard are situated along a SW-NE gold trend known as the Slate Belt of the Carolinas. Diane Garrett, President and CEO commented: [...]
Read the full article: "Romarco Minerals gets more land"
Tuesday, September 29, 2009
Results of the drill program on the Valentine Gold Lake property have been announced by Mountain Lake Resources Inc (MOA-TSX). The report suggests that the gold deposit is open to the southwest, which will expand the main resource. It was interpreted that the deposit continued to the southwest beyond the limit of the current resource [...]
Read the full article: "Mountain Lake’s drill results"
Tuesday, September 29, 2009
Additional channel sample results with respect to the St. Anthony’s Gold project has been announced by Pacific Iron Ore Corporation (TSX.V: POC). The project has the potential to host gold resources. These results confirm historic grades from the St. Anthony mine area and demonstrate widespread gold mineralization over a large area. In light of the [...]
Read the full article: "Pacific Iron Ore provides update"
Tuesday, September 29, 2009
A 1% net smelter return royalty on production from the Atlanta gold mine, which is currently under development, has been purchased by Atlanta Gold Inc (TSX: ATG). Earlier, in 2003, a 2% royalty was granted to Canadian American Mining Company LLC when the company acquired the remaining 20% participating interest in the property from CAMC. [...]
Read the full article: "Atlanta Gold purchases royalty on property"
Tuesday, September 29, 2009
A copper-gold anomaly has been reported by Volta Resources (TSX:VTR) during its drilling campaign between the Dienemera and Gongondy deposits at the Gaoua project in southern Burkina Faso, West Africa. Kevin Bullock, Volta’s CEO stated, “These results increase our confidence that we can outline even more mineralization in our substantial Gaoua landholdings. The auger drilling [...]
Read the full article: "Volta Resources identifies copper-gold"
Tuesday, September 29, 2009
Sheltered Oak Resources Corp has announced that it has purchased the rights to Sage Gold Inc’s interests in the Larder Lake Mining District in Kerrs Township in the Abitibi Greenstone Belt of Ontario. Sage will receive 2 million common shares of Sheltered Oak Resources and $5 million in cash. Sage will also receive a 2% [...]
Read the full article: "Sheltered Oak purchases rights to Larder Lake"
Tuesday, September 29, 2009
Canadian-based mineral exploration and development company Premier Gold Mines (TSX: PG) has teamed up with Jones, Gable & Company Limited and placed its shares at $3.65. Premier plans to use the gross proceeds from the sale of the shares for exploration programs to be conducted on the Hardrock project, Red Lake projects and PQ North [...]
Read the full article: "Premier Gold Mines gets $5.5 million"
Monday, September 28, 2009
Copper Fox Metals Inc (TSX-V: CUU) intends to privately raise C$2,000,000 in funds in a bid to to complete the feasibility study of the Schaft Creek deposit. The Offering is expected to consist of 23,188,406 units at a purchase price of $0.08625 per unit, for aggregate gross proceeds of $2,000,000. Each unit consists of one [...]
Read the full article: "Copper Fox Metal to raise C$20 million"
Monday, September 28, 2009
By Kishori Krishnan Exclusive To Gold Investing News Gold is soon set to become the next global asset bubble now that pivotal global economic events are finally converging to propel its ascent into record territory. The yellow metal is suddenly a happening choice. There are several recent indicators – Yuokon Gold has acquired a majority [...]
Read the full article: "Gold Is A Happening Commodity"
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Wednesday, September 30, 2009