Canamex Updates Gold Exploration Work at Aranka North
Canamex Resources Corp. (TSXV:CSQ,OTC Pink:CNMXF,FWB:CX6) announced it is making progress with sampling at its Guyana-based Aranka North property.
Archive for February, 2012
Artha Updates Field Work at Organullo Gold Property
Artha Resources Corporation (TSXV:AHC) announced an update to fieldwork and sampling at the Argentina-based Organullo gold-silver property.
Buffett Says Gold Not a Good Investment
MarketWatch reported that in a letter to shareholders, Warren Buffett said gold doesn’t belong in one’s investment portfolio, despite the market seemingly thinking otherwise.
Iran Allows Trading Transactions to be Paid in Gold
Reuters reported that Iran is now accepting gold as payment from its trading partners.
Gold Prices Tumble on No Action from Federal Reserve
Bloomberg reported that gold prices fell sharply after the Federal Reserve did not announce more plans to stimulate the economy.
Infrastructure Developments at Arianne’s Lac à Paul Project
Arianne Resources Inc.(TSXV:DAN) announced the latest infrastructure developments from its Lac à Paul phosphate property.These developments will help facilitate Arianne’s product access to global markets.
Options to Earn 100% Interest in La Carreta Property in Mexico Acquired by Geologix
Geologix Explorations Inc. (TSX:GIX,FWB:GF6) has acquired an option to earn a 100% interest in the La Carreta gold-copper-silver property in Michoacán State, Mexico — located approximately 20 km north-east of the Company’s Tepal project. Initial grab samples from the property have provided analytical results of up to 2.16 g/t gold, up to 305.00 g/t silver, and 1.29% copper.
Avino Main Mine to Re-Open with a New 20 Year Royalty Agreement
Avino Silver & Gold Mines Ltd. (TSXV:ASM), via its wholly-owned Mexican subsidiary, entered into a new agreement with Minerales de Avino, S.A. de C.V. whereby Minerales has indirectly granted to the Company the exclusive right to explore and mine the La Platosa property known as the “ET zone”.
Louis Morin to Commence 12 Month Period as Arianne Investor Relations Consultant
Arianne Resources Inc.(TSXV:DAN) announced the Louis Morin will take on the role of development advisor for the next twelve months. Mr.Morin has almost twenty five years experience in the industry as a broker, a consultant and a specialist in Investor Relations.
Tembo Gold Corp. Set to Drill Seven Targets in 2012
Tembo Gold Corp.(TSXV:TEM) announced the latest results from a LIDAR survey at its Lake Victoria goldfield project, Tanzania. Tembo employed AOC Geomatics as the geological contractor to carry out the survey at the property. Seven targets have been identified for drilling in 2012 at the property.
Highlights of the survey include:
