Nevada is home to the famous Carlin trend, one of the top three gold fields in the world. The Carlin and other mines along the trend pioneered the method of open-pit mining with cyanide heap leach recovery that today is used at large low-grade gold mines worldwide. The state is also home to other prolific gold trends, including the Cortez.
Many investors are painfully aware of securities fraud allegations that seem to consistently attract media attention and challenge legal teams, security regulators and forensic accountants. Unfortunately, the perpetrators rarely seem to face justice; and the multiple victims including the general capital markets, never have restitution fully paid or confidence rebuilt.
There are various factors to consider in determining the value of a gold deposit and world class deposit status, including estimated gold resource, the grade of the gold, the ease at which the gold can be mined and the cost of refining the gold.
A late morning $20 bounce put a smile on every gold bug’s face, and by mid-day the precious metal had shot above $1240 an ounce, hitting a high of $1246.20 late in the day. Prices backed off a bit to close at $1241.30 an ounce on the COMEX.
The resourceinvestor reports on Chile’s gold riches: As the gold market continues its lustrous trend, the corporate elbowing and shoving to get at the richest buried treasures is getting increasingly cutthroat. A prime example involves northern Chile’s clutch of mostly prolifically sized gold/copper deposits. Located in the Maricunga Gold Belt, five deposits are in various [...]
Sabina Silver Corporation (TSX VENTURE:SBB) announced remarkable results from this year’s early summer drilling on its ‘Back River Project’ in Nunavut, Canada. The Back River Project is entirely owned by Sabina Silver Corporation. The company announced, High grade mineralization encountered at newly identified Echo Zone Hole 09GSE26 returning 8.17 g/t gold over 15.15 meters including [...]
By Kishori Krishnan Exclusive To Gold Investing News Are mining mergers back in the fray? Crocodile Gold Inc has reportedly arranged a $35 million syndicated equity financing related to its plan to merge with Franc-Or Resources Corp (TSX:FOR) and develop mining assets in Australia. Crocodile Gold is a private Canadian company that recently completed the [...]
Caerus Resource Corp. (CVE:CA) announced today that four concessions have been granted to White Gold Corp in the Colombia’s Sura Gold Camp. Caerus has entered into a Definitive Agreement to purchase White Gold. The release states that the concessions cover an area which has similar features to Greystar Resource’s Angostura gold deposit. Click here for [...]
Caerus Resources (CVE:CA) announced today that they have entered into Definitive and Arrangement agreements with White Gold Corp. to acquire the company and it’s portfolio of concession applications in Colombia. The White Gold consessions have targeted other significant gold plays in Columbia. 180,000 hectares in the California-Vestas mining district are proximal to the Greystar Resources [...]
Caerus Resources (CVE:CA) annouced today the acquisition of White Gold, a private company with gold properties in Columbia. As part of the deal, John Gomez, president of White Gold will join the board of Caerus. The White Gold consessions have targeted other significant gold plays in Columbia. 180,000 hectares in the California-Vestas mining district are [...]
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