Crew Gold Corporation (TSX:CRU) (OSLO:CRU) announced with reference to the Endeavour Financial Luxembourg SARL announcement, that the company has purchased 37.9% of the Company’s issued and outstanding common shares in a market transaction. The press release is quoted as saying: In connection with the transaction, the Company has agreed to appoint three nominees of Endeavour [...]
By Kishori Krishnan Exclusive To Gold Investing News The horse is out of the barn, the damage has been done. Look at how the gold price has been dumped, from its lofty highs. But even as gold’s allure continues to weaken with risk-averse investors, there is someone who is making hay – gold miners. These [...]
Clif Droke reports what role Gold played in the Panic of 1907. In the summer of 1907, a major economic shock hit the American capital markets. In an effort to harbor gold reserves, the bank of England imposed a prohibition on U.S. finance bills, which were loans with which U.S. firms could import gold. The [...]
OREX EXPLORATION INC. (TSX VENTURE:OX)(FRANKFURT:O5D) reported the start of the 2010 exploration campaign at the Company’s wholly-owned Goldboro Gold Property, where Osisko Mining Corporation has begun the winter 2010 diamond drilling program. The press release is quoted as saying: Orex Exploration Inc. is a Canadian-based junior resource and exploration company trading under the symbol OX [...]
Newcastle Minerals Ltd. (TSX VENTURE:NCM) reported that the company has, subject to regulatory acceptance, amended and expanded its option announced January 12 to add 11 adjacent mineral claims covering approximately 2,720 hectares. The press release is quoted as saying: The expanded Pickle Lake Property is located in the Pickle Lake Greenstone Belt where over 2.2 [...]
Linear Gold Corp. (TSX:LRR) reported that drilling has commenced at its Goldfields Mine Development Project, host to Linear’s 100% owned Box and Athona Gold Deposits. The press release is quoted as saying: The Goldfields Project includes over 25,000 hectares of contiguous property holdings located within a prolific gold-bearing region of Saskatchewan, Canada. The Box and [...]
Mineral Deposits Limited (TSX:MDM)(ASX:MDL) reported the continued strong performance of its Sabodala gold mine in Senegal, West Africa with 162,529 ounces produced since commencement in March 2009 to 31 December 2009, exceeding production guidance of 160,000 ounces. The press release is quoted as saying: Mineral Deposits Limited is an ASX and TSX listed mining company [...]
The Bloomberg reports on the Platinum Overtaking Gold as Metal of Choice on Autos. Even after a record 57 percent rally last year, platinum is cheap relative to gold, signaling more gains as demand grows from carmakers and exchange-traded funds. An ounce of platinum buys 1.41 ounces of gold, down 42 percent from the record [...]
Northern Abitibi Mining Corp. (TSX VENTURE:NAI) reported a proposed non-brokered private placement of up to 3,906,667 units at a price of $0.15 per Common Unit and up to 4,150,000 flow-through units at a price of $0.16 per FT Unit for gross proceeds of up to $1,250,000. The press release is quoted as saying: Northern Abitibi’s [...]
Greenock Resources Inc. (TSX VENTURE:GKR) reported that the company has closed the acquisition of the Needles property located in Nye County, Nevada from a private company District Gold Inc. The press release is quoted as saying: Greenock Resources Inc. (formerly Simberi Mining Corporation) is a Canadian based international mineral development company that focuses on developing [...]
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