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: [...]
Continue reading "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 [...]
Continue reading "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 [...]
Continue reading "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. [...]
Continue reading "Atlanta Gold purchases royalty on property"
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% [...]
Continue reading "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 [...]
Continue reading "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 [...]
Continue reading "Copper Fox Metal to raise C$20 million"
Thursday, July 2, 2009
Bowmore Exploration Ltd. declared the completion of its non-brokered private placement announced on May 19, 2009. Bowmore declared that it has sold a total of 21,000,000 Units at a price of $0.20 per Unit for gross proceeds of $4.2 Million. For full story, click here
Tuesday, March 31, 2009
By Kishori Krishnan Exclusive To Gold Investing News The United States is firing up the printing presses. This desperate move means the value of the dollar is destined to disintegrate. What this also means is that gold will decline on a muscular US dollar, profit-taking, technical selling and potentially deflationary economic data. The yellow metal [...]
Continue reading "Muscular Greenback Edges Out Gold"
Tuesday, March 24, 2009
Hawthorne Gold Corp. declared that Wardrop Engineering Inc., a Tetra Tech Company, has completed an updated National Instrument 43-101 Technical Report and Mineral Resource Estimate on the Taurus gold deposit, which is located at the Cassiar Gold Camp in northern British Columbia, Canada. For full story, click here
Continue reading "Hawthorne Gold updates its taurus mineral resource estimate"
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Tuesday, September 29, 2009