Volume 100 Number 38 Nov 3 - 9, 2014

Drillers underground at San Gold's Rice Lake gold mine in Manitoba. Credit: San Gold

San Gold drilling points to ‘Rice Lake repeat’

VANCOUVER — It’s been a rocky time for producer San Gold (TSX: SGR; US-OTC: SGRCF) as it strives to optimize operations at its Rice Lake gold complex near Bissett, Man., but recent drilling appears to offer upside. The company is…

True Gold Mining's Karma gold mine under construction in Burkina Faso, where the company expects to pour gold in late 2015.  Credit: True Gold Mining

True Gold quickly develops North Kao at Karma

True Gold Mining (TSXV: TGM; US-OTC: RVREF) is on track to pour the first gold at its Karma project in Burkina Faso in late 2015, with the mine plan envisioning five open pits that will be developed in sequence to feed a heap-leach operation…

TSX advances, Oct. 20-24

The S&P/TSX Composite Index ended the trading week in positive territory, jumping 316 points to 14,543.82, but the gold and diversified miners didn’t follow the upward trend. The S&P/TSX Global Gold Index dipped 3 points to…

Exploration director Sonny Bernales in front of an outcropping gold-silver-copper skarn at the El Dorado target, part of Source Exploration's Las Minas project in Mexico. Credit: Source Exploration

Source chases district-scale skarn at Las Minas

VANCOUVER — Roughly 270 km east of Mexico City in the state of Veracruz, junior Source Exploration (TSXV: SOP) is thinking big. Earlier this year the company expanded a discovery at its property package in the historic Las Minas…

The 250-person camp at the Fruta del Norte gold project in Ecuador, which Fortress Minerals is buying for US$240 million. Credit: Fortress Minerals

Lundin’s Fortress to buy Fruta del Norte

Kinross Gold (TSX: K; NYSE: KGC) acquired the Fruta del Norte gold project in Ecuador through its US$1.2-billion acquisition of Aurelian Resources in 2008, but heated local opposition forced the gold producer to abandon the project in 2013…

NGEx Resources' Los Helados copper-gold-silver project in Chile.  Credit: NGEx Resources

NGEx’s Los Helados PEA comes with hefty capex

VANCOUVER — There’s a lot of low-grade copper at NGEx Resources’ (TSX: NGQ; US-OTC: NGQRF) Los Helados project, situated 77 km northwest of Copiapo, Chile. But a newly released preliminary economic assessment (PEA) calls into…

Lion One Metals geological staff in front of the entrance to underground workings at the Tuvatu gold project in Fiji. Credit: Lion One Metals

Lion One moves permitting forward in Fiji

Fiji’s Department of Environment has approved two key permits for Lion One Metals’ (TSXV: LIO) high-grade Tuvatu gold project, 50 km south of Vatukoula, the country’s oldest operating mine.

Trucks on a wet day at Alamos Gold's Mulatos gold mine in Sonora, Mexico. Credit: Alamos Gold

Alamos Gold hit by heavy rains during Q3

VANCOUVER — It’s the rainy season in Mexico, and that’s not great news for producer Alamos Gold (TSX: AGI; NYSE: AGI) at its wholly owned Mulatos heap-leach mine, 220 km east of Hermosillo in Sonora state. On Oct. 23 the…

Orocobre's flagship Salar de Olaroz brine-based lithium project in the Puna region of Argentina's northwestern province of Juyuy. Credit: Orocobre

Orocobre defines new exploration target

Orocobre (TSX: ORL; US-OTC: OROCF) says its flagship Salar de Olaroz brine-based lithium project in the Puna region of Argentina’s northwestern province of Juyuy is expected to produce 17,500 tonnes per year of low-cost, battery-grade…

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