New Gold to take Richfield in all-share deal worth $550 million
Vancouver – Richfield Ventures (RVC-V) has capped an impressive rise by being snapped up by New Gold (NGD-T, NGD-X) in an all-share deal that values the junior at $550 million.
Silver
Tirex roars to life on Albanian mining deal (April 04, 2011)
Tirex Resources (TXX-V) has taken a big step towards production at its Mirdita volcanogenic massive sulphide project in Albania after signing a memorandum of understanding with a private Turkish firm to finance development in exchange for a…
Argentex posts Pinguino PEA
Until late 2009, Argentex Mining (ATX-V, AGXM-O) focused on drilling the polymetallic sulphide mineralization at its Pinguino project in Argentina. But then the company decided to shift gears and focus instead on the property’s near-surface…
International Northair jumps on silver assays
Vancouver – Step-out drilling at International Northair Mines’ (INM-V) La Cigarra project in Mexico has intersected 53.7 metres of 87.1 grams silver per tonne, extending the strike length of the main San Gregorio zone by 100 metres.
Minera Andes makes headway at San Jose mine (March 28, 2011)
Exploration drilling in and around the San Jose underground mine last year uncovered 7.5 km of new high-grade silver-gold veins, a 44% year-on-year increase in the cumulative strike length of all the known veins at the mine, Minera Andes…
Lima connections help Dia Bras acquire Yauricocha mine
Using the contacts of director Alberto Arias, a former Goldman Sachs (GS-N) analyst turned resource investor with a well-connected mining family in Peru, Dia Bras Exploration (DIB-V) has penned a US$310.2-million deal to acquire Sociedad Minera…
First Mexican finds gold and silver at Guadalupe
Recently-listed First Mexican Gold (FMG-V) has released good gold-silver assay results from shallow scout drilling at its Guadalupe project in Mexico’s Sonora state.
Great Panther leaps on new resource, silver price (March 28, 2011)
Positive exploration and development news from its two silver mines in Mexico and a 30-year-high silver price have helped Great Panther Silver (GPR-T, GPL-X) achieve an all-time share price high.
Junior explorers still flocking to the Yukon (March 25, 2011)
Vancouver – 2010 was a big year for the Yukon as exploration companies flooded into the Territory in a flurry of staking and deal making and 2011 is looking no different.
Tirex roars to life on Albanian mining deal (March 24, 2011)
Vancouver – Tirex resources (TXX-V) has taken a big step towards production at its polymetallic Merdita project in Albania after signing a memorandum of understanding with a private Turkish firm to finance development in exchange for a stake…
Silver Wheaton boosts reserves 9% (March 24, 2011)
The timing of Silver Wheaton’s (SLW-T, SLW-N) announcement on Mar. 23 that it had boosted attributable reserves more than 9% in 2010 couldn’t have been better, as silver hit a fresh 31-year peak in futures markets on that day, with silver…
Contractor United Mining looks to build own mine
Vancouver – Nestled between two major past producers in one of the world’s great silver districts, United Mining Group (UMG-T) sees big potential for the historic Crescent mine in Idaho’s Silver Valley.