Mexico’s Echavarria to take 39% stake in Animas
Mexican investor Ernesto Echavarria has given Animas Resources (ANI-V) a $3.4-million cash injection as it works to advance the Santa Gertrudis gold project in northern Mexico.
Gold
Rapid progress for Atacama Pacific’s Cerro Maricunga
Thanks to several years of work as a private entity, Atacama Pacific Gold (ATM-V) came out of the gates running last year with a $33-million initial public offering and an advanced gold project in Chile.
Strong drill results from Queenston
Queenston Mining (QMI-T) has completed nine new drill holes at its wholly owned Upper Beaver gold-copper deposit in Kirkland Lake, Ont.
Magino holds promise for Prodigy Gold
Results from infill and resource expansion drilling at Prodigy Gold’s (PDG-V) Magino gold project near Wawa, Ont., sent the junior’s shares up 10% to close at 64¢ on Aug. 30.
Positive results for Lake Shore’s Thorne
Promising assays from Lake Shore Gold’s (LSG-T) Thorne gold property in Timmins, Ont., did little to lift the company’s shares. The junior has been trading near its 52-week low of $1.91 on Aug. 15, 2011, since releasing dismal second-quarter…
Cash-strapped Maya agrees to spend $20.5M on old Moroccan silver mine
Maya Gold & Silver (MYA-V) is buying another past-producing precious-metals mine in the Kingdom of Morocco, this time the Zgounder silver project in central Morocco’s Anti-Atlas mountains.
Nunavut gold find leaves Prosperity investors wanting more
Prosperity Goldfields (PPG-V) has drilled 157.6 metres of 1.7 grams gold per tonne at its main Kiyuk gold project in southern Nunavut, including a higher-grade section of 30.5 metres grading 4.9 grams gold. The results are from the company’s…
Cuoro Resources finds major new copper-gold intersection
Drilling at Santa Elena in Colombia about 140 km northeast of Medellin has returned near surface and high-grade VMS mineralization in the first six diamond drill holes, CuOro Resources (CUA-V) announced this week. Assays are pending for the…
TerraX up 26% on assay-less Newfoundland drilling update
TerraX Minerals (TXR-V) has released its second assay-less drilling update in less than a month from its Stewart gold-copper project in the Burin Peninsula of Newfoundland. Shares of the company climbed 8¢ or 26% on the news, closing at…
Investors applaud first resource for Bellhaven’s La Mina
Vancouver – Shares of Bellhaven Copper & Gold (bhv-v) jumped 14¢ or 28% on Sept. 13 to close at 64¢ on 1.2 million shares traded after the company released a maiden resource estimate for its La Mina gold-copper-porphyry project in…
Paramount wakes up Sleeper mine with new resource
Vancouver – Working to revive the past-producing Sleeper gold mine in Nevada, Paramount Gold and Silver (PZG-T, PZG-X) has released a first estimate as to how much gold could be left in the ground.
Lupaka’s 1.2M oz. gold deposit attracts former Canuck as investor
Vancouver – June 2011 was certainly not the best of times to launch a new Peru-focused gold explorer. But the plan to take Lupaka Gold (lpk-t) public – hatched by long-time mining executive Gordon Ellis with the help of Vancouver Canucks hockey…