Galway drills 89 meters of 3.2 grams gold in Colombia
Early drill results from Galway Resources’ (GWY-V) Pie de Gallo property in the California district of northea…
2010
Costa Rica’s new president signs extension of moratorium on gold mining
Within hours of taking the helm of Costa Rica as president-elect on May 8, President Laura Chinchilla reported…
FNX cuts long copper intersect in new zone
Vancouver – FNX Mining (FNX-T) has hit a new zone of copper mineralization as part of ongoing exploration at i…
Short Position Report (May 10, 2010)
TSX Short PositionsShort positions outstanding at Apr. 30/…
Novus starts drilling at Ren
Vancouver – News that Novus Gold (NOV-T) has started drilling at its Ren gold project in the Northwest Territo…
Anglo American trims down; sells zinc assets to Vedanta
Anglo American (AAL-L, AAUK-Q) is selling zinc assets in Namibia, Ireland and South Africa to Vedanta Re…
Sandspring up and running in Guyana
VANCOUVER — Between completing a public listing, hitting a number of long gold intercepts in Guyana, and finalizing $14.5 million in financings, Sandspring Resources (SSP-V) has had a busy few months…
US Gold sees 6-year mine life at Gold Bar
US Gold (UXG-T, UXG-X) has completed a preliminary economic assessment on its Gold Bar project in Eureka County, Nev., that looks at producing 57,000 oz. gold per year from an open-pit mine and heap-l…
Fire River moves ahead on Nixon Fork tailings (May 10, 2010)
Now that Fire River Gold (FAU-V) has received promising results about leftover gold in the tailings at its fly-in Nixon Fork gold mine near McGrath, Alaska, the company is evaluating how much it will …
Largo secures US$150M for Maracas
VANCOUVER — Largo Resources (LGO-V) has conditionally secured more than half the needed funds to develop its 76%-owned Maracas vanadium-platinum-group-metals project in Brazil’s Bahia state.
Cline Mining raises cash for New Elk coal mine in Colorado
VANCOUVER — Cline Mining (CMK-T) has completed a $45- million financing on the heels of a preliminary assessment for its wholly-owned New Elk coal mine project in southern Colorado.
Gold Fields not as lucky as Centerra in Kyrgyzstan (May 10, 2010)
Investors hoping for a smooth transition of governments in Kyrgyzstan were disappointed that Gold Fields (GFI-N, GOF-L)had run into trouble in the Central Asian country.