From Alaska to Scotland, surging gold prices and economic doldrums are pushing miners to strike for yellow metal wealth.
Operating the mine is a very exciting phase in the life cycle of a gold mine. Finally, after years of hard work and millions of dollars invested, a miner can start to see some returns.
Cream Minerals Ltd. (TSXV:CMA,OTCBB:CRMXF,FWB:DFL) provided in-fill drilling results for the Dos Hornos 1 zone, one of three higher grade silver and gold zones associated with quartz veins and quartz stock work zones.
Trelawney Mining and Exploration (TSXV:TRR,FWB:RTW) announced that it has began compulsory acquisition of all the common shares of Augen Gold Corp.(TSXV:GLD).
Sagebrush Gold, Ltd. (OTCBB:SAGE) and Continental Resources Group, Inc.(OTCBB:CRGC) announced that Sagebrush Gold has began Phase One drilling at the Relief Canyon gold project, Nevada.
Mega Precious Metals (CVE:MGP) announced the completion of an updated NI 43-101 compliant resource estimate for the North Madsen project, Red Lake, Ontario.
Once an exploration company has obtained all of the necessary permits and approvals to develop a mine, the construction phase kicks off.
Northern Freegold is controlled and operated by a technical group of Yukon locals who know the land and the communities they are working in. NFR’s Nucleus deposit contains an inferred resource of million ounces of gold at 0.87 g/t. In June 2010 NFR started a 10,000m drill program aimed at increasing the size of this deposit.
MAX Resource Corp. (CVE:MXR,OTCBB:MXROF) reports it has completed an extensive soil sampling program across a surface area at its Majuba Hill copper/gold/silver project in Pershing County, Nevada.
Source Exploration Corp. (CVE:SOP) reports highlights from its additional drilling at the Cinco Senores and Las Minillas skarn zones on its Las Minas project.
Wednesday, December 28, 2011