A thumbs-up for Magellan’s Coringa
A preliminary economic assessment (PEA) of Magellan Minerals’ (MNM-V) Coringa gold project in Brazil’s Amazon basin, 1,200 km northwest of Brasilia and 995 km southwest of the Atlantic port city Belem…
Gold
Rye Patch looks to bounce back with resource estimate
Rye Patch Gold (RPM-V) failed to tap into market support — which it enjoyed in April — with its latest news from the Lincoln Hill project in Nevada.
Metals Creek finds new zone at Ogden in Timmins
Attractive drill results and the discovery of a new gold zone at Metal Creek Resources’ (MEK-V) Ogden property in Timmins, Ont., lifted the junior’s share price.
Metals Exploration flaunt promising economics for Runruno
A feasibility study on Metals Exploration’s (MTL-L) Runruno gold-molybdenum project on Luzon Island in the Philippines has “transformed” the project “from a promising resource into a mine-in-waiting,”…
Keegan has plans for Ghanaian gold project
VANCOUVER — A preliminary economic assessment for Keegan Resources’ (KGN-T, KGN-X) gold project in southwest Ghana found an open-pit mine at Esaase could produce some 200,000 oz. gold annually for a …
Killing the golden goose
Chief executives in the mining industry told PricewaterhouseCoopers (PwC) in a recent survey that they feared cash-strapped governments would increasingly look to mining companies as a source of addit…
International Tower Hill to spin off assets
A proposed spin-off transaction that will separate International Tower Hill Mines’ (ITH-T, THM-X) advanced-stage Livengood gold project in Alaska from the company’s earlier stage properties will maxim…
Galway drills 89 metres of 3.2 grams gold in Colombia
Early drill results from Galway Resources’ (GWY-V) Pie de Gallo property in the California district of northeastern Colombia appear to confirm that thick intercepts of near-surface mineralization as w…
Ventana settles La Bodega dispute (June 07, 2010)
VANCOUVER — Ventana Gold (VEN-T) has announced the settlement of an ownership dispute at its La Bodega gold project in northeastern Colombia as it continues to pull very high-grade intercepts from the property.For US$48 million the company…
Detour’s bright future holds 11.4M oz. gold
A newly released feasibility study on Detour Gold’s (DGC-T, DRGDF-O) Detour Lake gold project in northeastern Ontario has made it “one of the largest gold operations in Canada and one of the largest investments in the province,” company’s…
More silver hits for Levon, Valley High in Mexico
VANCOUVER –Following up on a successful initial drill program, joint-venture partners Levon Resources (LVN-V, LVNVF-O, L09-F ) and Valley High Ventures (VHV-V) have hit more long and good-grade silver intercepts at the Cordero project in…
New gold zone discovery lifts African Aura
African Aura Mining (AUR-V) has hit upon a new gold zone at its wholly-owned New Liberty gold project in Liberia, and the market signaled its belief in the discovery’s significance.In the days after the May 11 announcement of the near-surface…