Colossus Minerals Inc. (TSX:CSI) reported that its joint venture partner, COOMIGASP (Cooperativa de Mineração dos Garimpeiros de Serra Pelada) has signed an option agreement with Vale SA to acquire a 100% interest in a 700 hectare land package contiguous to the existing 100 hectare Serra Pelada Project currently being developed by Colossus and COOMIGASP.
RX Exploration Inc. (CNSX:RXE)reported that the company has completed tranches of its partially brokered private placements totaling 10,511,558 units at $0.30 per unit for gross proceeds of $3,153,467.
Financialsense.com reported that Gold – The Real Shape of Chinese gold demand:
SUPREME RESOURCES LTD. (PINK SHEETS: SPRWF) reported the grant of incentive stock options to consultants of the Company to purchase up to 350,000 common shares for a period of two years, of which 200,000 are exercisable at a price of $0.10 per share and 150,000 are exercisable at a price of $0.15 per share, subject to regulatory approval.
Many analysts are speculating that the dollar will rebound next week after Friday’s report, curbing gold demand and furthering its rangebound predicament.
International PBX Ventures Ltd.(TSX VENTURE:PBX) provided an update on the drilling on its Copaquire copper-molybdenum project in Chile.
American Bonanza Gold Corp. (TSX:BZA)(OTCBB:ABGFF)(FRANKFURT:AB2) announced the status of the permitting program at the 100% owned Copperstone Gold Mine in Arizona.
Foundation Resources Inc. (TSX VENTURE:FDN) reported the results from the first two holes of the recently completed 2010 winter drilling program on the East Coldstream Deposit located on its Coldstream Property in Ontario.
Abbastar Resources Corp. (TSX VENTURE:ABA) reported the results from the first 2 holes of a phase 1 (5000 metre or 14 holes) drill program on the Talbot Lake gold project located in northern Ontario, approximately 50km northeast of Pickle Lake.
On Tuesday, Gold inched up as the euro held firm against the U.S. dollar, but the metal was stuck in a familiar range as it struggled to clear a recent high above $1,130 an ounce.
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