BCGold Increases Stake in High-Grade Engineer Gold Mine
BCGold Corp. (TSXV:BCG,OTC Pink:BCGOF) announced it has increased its stake in the Engineer Gold Mine property to 75%.
BCGold Corp. (TSXV:BCG,OTC Pink:BCGOF) announced it has increased its stake in the Engineer Gold Mine property to 75%.
IBTimes reported that Afghanistan is issuing tenders on gold properties in an effort to reduce dependence on international aid.
With gold prices climbing ever higher and a new regime in place, Haiti may finally be able to realize its gold potential, but risks still remain.
Chris Ecclestone, Mining Strategist, explained the potential for gold mining companies, “the interesting thing is that Chinese enterprises in the past have roamed the world searching for base metals and products that they can take back to the mother land. In this case a purchase of a gold company in Brazil, it is definitely a mold breaker. It means that potentially all gold stocks within a certain size are fair game.”
Reuters reported that companies are looking at reopening mines near the formerly booming gold town of Kirkland Lake, Ontario.
Valterra Resource Corporation (TSXV:VQA,FWB:3VA) reported multiple near surface assay results from widely-spaced drilling and continued expansion of its recently discovered Gold Eagle zone at the Au-Ag+/-Cu porphyry/shear-hosted "Star Project", British Columbia, Canada.
American Bonanza Gold Corp. (TSX:BZA,OTCQX:ABGFF,OTC Pink:ABGFF) announced that the Copperstone gold mine is in the final phase of construction prior to the commissioning of the Copperstone gold processing plant, which is scheduled to begin before the end of October.
Auryx Gold Corp. (TSX:AYX,NSX:AYX) announced the filing on SEDAR of its NI 43-101 Preliminary Economic Assessment on the Otjikoto project.
Once the gold reserve at a mine has been exhausted, the owner of the mine must rehabilitate the site. Rehabilitation refers to the process of returning mined land to its preexisting condition or a predetermined post-mining use.
Tarsis Resources Ltd. (TSXV:TCC) reported that it has completed its 2011 exploration program at White River, Yukon, and provided an update on recent activities and partial results.
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