Liberty Gold, Corp. (OTCBB: LBGO) announced that it has increased its McCord Creek project property claims, adding 19 claims for a total of 33. The McCord Creek project is located in the Tintina Gold Belt, which contains significant gold mineralization and had produced nearly 30 million ounces of gold to date.
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% [...]
By Kishori Krishnan Exclusive To Gold Investing News Gold prices had an excellent run last week, led by the extensive fall in the US dollar and strong rally in the equity markets. The rise in crude oil prices also resulted in lifting bullion. The US currency showcased the biggest decline in a month against euro [...]
Since its incorporation in late 2005, Pediment Gold Corp., has moved two projects from grass roots exploration into mine and resource development, and expanded its portfolio of exploration targets through acquisition and staking. For full story, click here
Yves Gagnon, president of C2C Gold Corporation Inc. declared the nomination of Mr. Jhinson Machuca Loayza, as director. For full story, click here
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
The company is pleased to announce further exploration drilling results from the Aurora target on the Quebradona property in Colombia. The Quebradona property is a joint venture with AngloGold Ashanti Limited. For full story, click here
By Kishori Krishnan – Exclusive to Gold Investing News With the price of oil falling more than 60 per cent from a peak in July, Iran has converted its financial reserves into gold to avoid future problems. Iran, the world’s fourth-largest oil producer, is facing declining revenue from its oil exports after crude prices tumbled. [...]
Junior miner Merit Mining Corp. is reducing 45 workers as it scales back operations at its Greenwood gold mine in British Columbia due to the steep fall in commodity prices. For full story, click here For company’s website, click here
Gold producers, which were up earlier in the day, declined after the yellow metal slumped. Demand for gold as a safe haven was eroded by lower borrowing costs in Europe & the U.K. Gold mining major, Barick Gold Corp, fell 6.3 % to C$27.50. Gold Corp Inc, another big gold producer, declined 6.4 % to C$25.07. For full tory, click here
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