Rye Patch has acquired advanced assets and explored aggressively towards its goal of a 10-million ounce gold inventory within 36 months. The company’s Nevada focus arose from management’s considerable knowledge of the region and Nevada’s key position in world gold output. The state currently produces 78% of U.S. gold and 8% worldwide.
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. [...]
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 [...]
By Kishori Krishnan Exclusive To Gold Investing News Weakness in the U.S. dollar and rising oil prices gave gold another boost on Monday. Gold futures rose 1.2 per cent to end at their highest level in more than five weeks as a private-sector rescue of U.S. lender Cit Group raised economic optimism, pressuring the dollar [...]
These are not the best of days for exploration companies. As funds to finance exploration programmes dwindle, most of them have shelved their development plans and have shifted gears to cash preservation mode. For full story, click here
Aurelio Resource Corporation declared that the Company has completed the acquisition of a portfolio of ten highly-prospective gold exploration and development projects in Nevada from C(3) Resources, Inc. Stephen Doppler, President and CEO of Aurelio Resource Corporation, stated: The closing of this transaction provides Aurelio with a strong pipeline of gold projects in several of [...]
Aurelio Resource Corporation declared that the Company has completed the acquisition of a portfolio of ten highly-prospective gold exploration and development projects in Nevada from C(3) Resources, Inc. (“C(3)”). For full story, click here
Yamana Gold. declared the advancements in its development and near development stage projects, supporting the Company’s continued focus on advancing its higher-return, highly prospective development stage projects. For full story, click here
Apollo Gold Corp. declared the development and progress of its Black Fox mine is in-line as scheduled and the first gold bars produced at the mine were poured in late May 2009 with 3,300 ounces of gold containing 3,000 ounces of gold by 31st May 2009. For full story, click here
Golden Predator Royalty and Development Corp. announced its 2009 exploration program for the Golden Ridge Project, located in the High Grade gold district, in Modoc County CA. For full story, click here
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