Lima-based Minera IRL (IRL-T) is moving ahead with building its second small gold mine, after having tabled a positive feasibility study in February for its Don Nicolas epithermal gold-silver project in Argentina’s Patagonia region.
The markets have reacted with enthusiasm to Extorre Gold Mines’ (XG-T, XG-X) preliminary economic assessment of its Cerro Moro gold-silver project, 70 km southwest of Puerto Deseado in Argentina’s Santa Cruz province.
Drill results from Cinco de Mayo, 190 km north of Chihuahua City in Mexico, indicate continuous mineralization over a 400-metre dip length with mineralization remaining open downdip and along strike, MAG Silver (MAG-T, MVG-X) reports.
Katanga Mining (KAT-T) is gearing up to take a big copper project and make it that much bigger.
The results of 10 diamond drill holes at the Goulagou I deposit will allow Riverstone Resources (RVS-V) to upgrade the resource model at its flagship Karma gold project in Burkina Faso.
VANCOUVER — Vancouver-based exploration outfit Sanatana Resources (STA-V) enjoyed a share bounce-back following the release of drill results from its joint-venture Watershed gold project 20-km southwest of Gogama, Ontario.
Alacer Gold (ASR-T, AQG-X) has bulked up its 2012 production guidance by 3% to 396,000 to 410,000 attributable ounces gold, following higher grades at its Copler gold mine in Turkey despite reporting a weak first quarter.
VANCOUVER — Avanti Mining (AVT-V) has secured a much-needed major financing for its Kitsault molybdenum mine in northern British Columbia, with five lenders agreeing to provide up to $640 million in loans.
Northern Gold Mining (NGM-V) continues to advance its Garrison project in northern Ontario in leaps and bounds.
VANCOUVER — It’s been a long haul for Toronto-based developer First Nickel (FNI-T) as it strives to revive commercial production at its Lockerby nickel-copper mine outside of Sudbury, Ontario.
Energy Fuels (EFR-T), which is striving to become a leading pure-play uranium producer, has recently entered a $106-million all-stock deal for Denison Mines’ (DML-T, DNN-X) uranium assets and operations in the United States.
VANCOUVER — Toronto-based AuRico Gold (AUQ-T, AUQ-N) completed the sale of its El Cubo silver-gold mine in Mexico’s Guanajuato state and its Guadalupe y Calvo silver-gold exploration project in Mexico’s Chihuahua state…
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