Goldgroup Mining Inc. (TSX: GGA) announced that assay results from the channel sampling in the main tunnel returned 49.40 metres of 1.13 g/t gold and 28.25 metres of 1.26 g/t gold from channel sampling in the crosscut tunnel. These results provide indirect confirmation for a robust resource model, serving to de-risk the Caballo Blanco project.
An updated National Instrument 43-101 ("NI 43-101") compliant mineral resource estimate (the "Technical Report") for the Goldgroup Mining Inc. (TSX: GGA) flagship 100%-owned Caballo Blanco gold project in Veracruz, Mexico was announced.
Additional diamond drill holes at the Goldgroup Mining Inc. (TSX: GGA) 100% wholly-owned Caballo Blanco gold project in Veracruz, Mexico have yielded significant gold intercepts.
Reuters Canada reported that the TSX recovered much of a recent loss due to higher gold prices.
David Baines discusses the implications of the proposed merger between London and Toronto Stock Exchanges.
Mineweb reports that on concerns the proposed LSE/TSX merger may result in loss of Canadian oversight of the markets.
The Ottawa Citizen reports that Industry Minister Tony Clement said he will determine if a review is necessary for the proposed merger between the Toronto and London stock exchanges.
Brookemont Capital Inc. (PINK:BKTPF) announce that it has been notified by the operator that the work program on its Handeni North Gold Prospect in Tanzania has now commenced.
Allied Gold (TSX:ALG,ASX:ALD) anticipates wet and dry commissioning of the 2.5 Mtpa Gold Ridge process plant in February with first gold production expected in the March quarter.
Otish Energy Inc. (CVE:OEI) signs letters of intent with Mr. Kennard Gobin of East Coast Demerara, Guyana, SA to acquire all of the hard rock mining rights.
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