By Kishori Krishnan Exclusive To Gold Investing News National security concerns have reared their head. On December 21, President Obama may by urged to agree to disagree on Chinese investment in a Nevada mining operation, given that is near a US naval base. US mining major Firstgold (FGD:TO) has spent $16 million over the last [...]
Firstgold Corp. reports that exploration of Honorine gold property has proceeded as scheduled. The company has completed its initial sampling and 6 drill holes on the project. Drill results are pending from the first round of drilling, though they are expected only to provide basic geologic information and direction for future drill work. Scott Dockter, Firstgold COO comments: [...]
Firstgold Corp. reports that it has received its Reclamation Permit to begin production at the Relief Canyon Mine. The permit is contingent on the company increasing its reclamation bond to $2.8 million bond with the BLM. The company has deposited the required amount and is awaiting the BLM’s adjudication of the bond which it expects to receive [...]
Firstgold Corp. reports that it has made arrangments with two US-based investment funds for $US 15.75 million, a secured loan facility. two US-based investment funds (the “Lenders”), which is fundable in five tranches, the first of which closed today for aggregate gross proceeds of $6,742,625 (the “Note Amount”). Additional funding under the Loan is subject to certain [...]
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