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 [...]
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 [...]
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% [...]
Premium Exploration (CVE:PEM) has announced an 800 meter drill program at their Friday-Petsite gold project in Idaho. Premium, which picked up the property in June, 2008, will be attempting to extend a gold zone drilled by previous operators. For the full release click here.
After Thursday’s market close, Nova Scotia-based Gammon Gold made a public appearance that it has entered into an agreement to acquire Capital Gold Corporation in an all-share transaction worth $150 million. For full story, click here
Alamos Gold Inc. made a public appearance that it has released its financial results for the year ended December 31, 2008. The Company’s audited consolidated financial statements and management’s discussion an analysis for the year ended December 31, 2008 will be available under the Company’s name at company’s website. For company’s website, click here For [...]
Colossus Minerals announced today a $21 million bought deal at $2.15/share with a half warrant at $2.75. The underwiting is being led by Macquarie Capital Markets and also includes Canaccord Capital, GMP, Dundee, Haywood, and Blackmont. An over allotment option could take the total up to $24.725 million. The deal is expected to close March [...]
Freeport-McMoRan Copper and Gold Inc said it would reduce mining and crushed leach rates by 50 percent at its Morenci copper mine, compared with a 25 percent curtailment announced in December, along with a series of other operating reductions and deferred start-ups. For full story, click here
Colossus Minerals Inc. announced results including 7.88 metres of 406g/t gold, 98.4g/t platinum, 115.7g/t palladium, 2.74g/t rhodium, and 1.52g/t iridium at a depth of 252 metres. The Serra Pelada project is located in Para State, Brazil. These results are not true width and the release indicates that true width is not known. Colossus President Vic Wall [...]
GoldSpring, Inc. announced today the recent assay results from five drill holes (See table below), which continue to indicate strong gold and silver mineralization at the Company’s Hartford Complex project. For full story, click here
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