NovaGold Resources Inc. (TSX:NG)(NYSE Amex:NG) today reported that the company has completed its purchase of entire Ambler property, which hosts the high-grade copper-zinc-gold-silver Arctic deposit. The press release is quoted as saying: NovaGold is a growth-focused precious metals company engaged in the exploration and development of mineral properties in North America. The Company has a [...]
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. [...]
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% [...]
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 [...]
Affinity Gold Corp. has declared that it has entered into an Amendment Agreement to the Asset Purchase Agreement. For full story, click here
By Kishori Krishnan Exclusive to Gold Investing News Gold jumped to its highest in Asia in almost four weeks on Monday as fears of a global flu pandemic prompted investors to seek safer assets. By Tuesday however, gold slipped below $900 for the first time since Thursday. It jumped to its highest since early April [...]
Simmer and Jack Mines Ltd. South African gold producer, will make a decision on whether to buy Pamodzi Gold Ltd’s Orkney mine, which is in provisional liquidation, within the next two weeks. For full story, click here
By Kishori Krishnan Exclusive To Gold Investing News Gold which lost nearly 4 per cent in last two trading sessions, seems to be moving towards a key support level of $875 an ounce which is the 100 DMA (Day Moving Average). Gold price closed at $893 on Friday, losing nearly $35 since Wednesday after the [...]
Sierra Gold Corporation said that it has bought a 12 mile long concession on the Manu river in the Zimmi region with an option to expand down to the Atlantic ocean.
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