Romarco Minerals Inc. has reported that it has acquired more land near to the Halle Gold Mine in South Carolina. The Ridgeway Mine, Haile Gold Mine, Brewer Mine (former producing gold mines) and Buzzard are situated along a SW-NE gold trend known as the Slate Belt of the Carolinas. Diane Garrett, President and CEO commented: [...]
Continue reading "Romarco Minerals gets more land"
Tuesday, September 29, 2009
Results of the drill program on the Valentine Gold Lake property have been announced by Mountain Lake Resources Inc (MOA-TSX). The report suggests that the gold deposit is open to the southwest, which will expand the main resource. It was interpreted that the deposit continued to the southwest beyond the limit of the current resource [...]
Continue reading "Mountain Lake’s drill results"
Tuesday, September 29, 2009
Additional channel sample results with respect to the St. Anthony’s Gold project has been announced by Pacific Iron Ore Corporation (TSX.V: POC). The project has the potential to host gold resources. These results confirm historic grades from the St. Anthony mine area and demonstrate widespread gold mineralization over a large area. In light of the [...]
Continue reading "Pacific Iron Ore provides update"
Tuesday, September 29, 2009
A 1% net smelter return royalty on production from the Atlanta gold mine, which is currently under development, has been purchased by Atlanta Gold Inc (TSX: ATG). Earlier, in 2003, a 2% royalty was granted to Canadian American Mining Company LLC when the company acquired the remaining 20% participating interest in the property from CAMC. [...]
Continue reading "Atlanta Gold purchases royalty on property"
Tuesday, September 29, 2009
Sheltered Oak Resources Corp has announced that it has purchased the rights to Sage Gold Inc’s interests in the Larder Lake Mining District in Kerrs Township in the Abitibi Greenstone Belt of Ontario. Sage will receive 2 million common shares of Sheltered Oak Resources and $5 million in cash. Sage will also receive a 2% [...]
Continue reading "Sheltered Oak purchases rights to Larder Lake"
Tuesday, September 29, 2009
Canadian-based mineral exploration and development company Premier Gold Mines (TSX: PG) has teamed up with Jones, Gable & Company Limited and placed its shares at $3.65. Premier plans to use the gross proceeds from the sale of the shares for exploration programs to be conducted on the Hardrock project, Red Lake projects and PQ North [...]
Continue reading "Premier Gold Mines gets $5.5 million"
Monday, September 28, 2009
Copper Fox Metals Inc (TSX-V: CUU) intends to privately raise C$2,000,000 in funds in a bid to to complete the feasibility study of the Schaft Creek deposit. The Offering is expected to consist of 23,188,406 units at a purchase price of $0.08625 per unit, for aggregate gross proceeds of $2,000,000. Each unit consists of one [...]
Continue reading "Copper Fox Metal to raise C$20 million"
Wednesday, August 19, 2009
Apollo Gold Corporation declared that on August 10, 2009 it commenced the 2009 drilling program on its Grey Fox project and to date three holes have been completed. For full story, click here
Continue reading "Apollo Gold Commenced Grey Fox 2009 Drilling Program"
Wednesday, August 5, 2009
ASX-listed EnviroGold has entered into a formal agreement to acquire a majority shareholding in a small underground gold mining operation in Ecuador. For full story, click here
Continue reading "EnviroGold will Purchase Majority Stake in Ecuador Gold Project"
Tuesday, August 4, 2009
BUSINESSMAN FELIPE YAP’S MANILA Mining Corp. yesterday led a sharp rally among local mining Stocks on news about Hong Kong-based First Pacific Co. Ltd.’s interest in its dormant gold mining project in Surigao del Norte. For full story, click here
Continue reading "Mining Stocks Shine on First Pacific Interest"
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Tuesday, September 29, 2009