Oromin keeps hitting gold in Senegal (January 13, 2009)
Vancouver – A 140,000-metre drilling effort in 2008 is paying off for Oromin Explorations (OLE-T): the company has …
Gold
Carpathian eyes Riacho dos Machodos redux
Vancouver – Drilling beneath and beyond the past-producing open pit at the Riacho dos Machodos (RDM) gold pro…
B2Gold moves ahead with Gramalote project
Now that B2Gold (BTO-T) has had a look at more than 30,000 metres worth of drill core assays from its Gramalote gol…
Anatolia arranges US$62.5M loan
Vancouver – UniCredit Group, a major European bank, approved a US$62.5 million debt facility for Anatolia Min…
Spectacular drill results for Colossus at Serra Pelada
Drilling at the site of Brazil’s epic 1980s gold rush at Serra Pelada is yielding spectacular results for joi…
Pacific Rim Does Battle In El Salvador
With its patience wearing thin, Pacific Rim Mining (PMU-T, PMU-X) is preparing to play hardball with the government of El Salvador.
Gold Reserve, Rusoro Continue War Of Words
Calling Rusoro Mining’s (RML-V, RMLFF-O) unsolicited takeover bid “opportunistic” and “financially inadequate,” Gold Reserve’s (GRZ-T, GRZ-X) board of directors has unanimously recommended that shareh…
StrataGold Sees Solid Results In Drilling At Purple Heart
StrataGold (SGV-T, SAGDF-O) and 50% joint-venture partner, Newmont Overseas Exploration, received some encouraging results from 2,000 metres of drilling plus trench work on the BRL Venture, about 26 k…
Nayarit Hits Best Gold Yet At Orion
VANCOUVER– Drilling in the northwestern corner of Nayarit Gold’s (NYG-V, NYRTF-O) Orion property, 110 km north of Tepic, Mexico, has returned 25 metres grading 6.63 grams gold per tonne and 500.9 gra…
NovaGold Raises US$75M In ‘Gut-Wrenching’ Time
A private New York Citybased company has agreed to take on a 28% interest in cash-strapped NovaGold Resources (NG-T, NG-X) through a US$60-million portion of a US$75-million financing.
ARM, Vale To Turn Teal Into 50-50 JV
VANCOUVER– In a roundabout deal, Vale (RIO-N) is paying a hefty premium to get its hands on half of Teal Exploration and Mining (TL-T, TLXMF-O).
Linear Gold And Central Sun Mining To Wed
With the well of money run dry, the mining industry is likely to witness a few marriages of convenience in the months ahead, like the proposed coupling of Linear Gold (LRR-T, LGCFF-O) and Central Sun …