Imperial Metals Corporation (TSX:III) released new assay results confirming the copper/gold mineralization at Mount Polley extends at depths beyond the current bottom of the Phase 5 Springer pit in excess of 500 metres.
The Henty gold mine on Tasmania’s west coast has been sold to a Victorian mining company with ambitious plans for expansion. For full story, click here
The Alaska Journal of Commerce reports on Kinross Gold’s (TSE:K) plans for exploration and expansion at it’s Fort Knox gold mine in Alaska. Included in the plans is 16,000 feet of drilling at the Gil prospect joint owned with Teryl Resources (CVE:TRC). Arne Bakke, chief exploration geologist at Fort Knox is quoted saying: We’re evaluating other [...]
By Kishori Krishnan Exclusive To Gold Investing News Gold which lost nearly 4 per cent in last two trading sessions, seems to be moving towards a key support level of $875 an ounce which is the 100 DMA (Day Moving Average). Gold price closed at $893 on Friday, losing nearly $35 since Wednesday after the [...]
Australian-listed gold miner Lihir Gold Ltd will raise $325 million by selling new shares to invest in expansion at its Lihir mine in Papua New Guinea to benefit from strong bullion prices. For full story, click here
With gold prices touching record highs this week and mining costs in decline, gold producers talked up expansion possibilities and tried to sell potential investors on new projects. For more information, click here
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