INTERNATIONAL QUOTES (June 07, 2010)
Australia (A$) June 1 May 25 Change Aquila Resources 9.04 8.17 0.87 Bendigo Mining 0.22 0.21 0.01 Centennial Coal 4.11 3.58 0.53 Fortescue Res 4.04 3.44 0.60 Iluka Re…
News
EXCHANGE RATES (June 07, 2010)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate)
Rye Patch looks to bounce back with resource estimate
Rye Patch Gold (RPM-V) failed to tap into market support — which it enjoyed in April — with its latest news from the Lincoln Hill project in Nevada.
Wildcat Silver updates resources at Hardshell
For the second time this year Wildcat Silver (WS-V) has updated the resource estimate for its 80%-owned Hardshell property in southern Arizona, which Wildcat’s president and chief executive Chris Jones describes as “one of the most important…
Galway drills 89 metres of 3.2 grams gold in Colombia
Early drill results from Galway Resources’ (GWY-V) Pie de Gallo property in the California district of northeastern Colombia appear to confirm that thick intercepts of near-surface mineralization as w…
Metals Exploration flaunt promising economics for Runruno
A feasibility study on Metals Exploration’s (MTL-L) Runruno gold-molybdenum project on Luzon Island in the Philippines has “transformed” the project “from a promising resource into a mine-in-waiting,”…
Ventana settles La Bodega dispute (June 07, 2010)
VANCOUVER — Ventana Gold (VEN-T) has announced the settlement of an ownership dispute at its La Bodega gold project in northeastern Colombia as it continues to pull very high-grade intercepts from the property.For US$48 million the company…
Detour’s bright future holds 11.4M oz. gold
A newly released feasibility study on Detour Gold’s (DGC-T, DRGDF-O) Detour Lake gold project in northeastern Ontario has made it “one of the largest gold operations in Canada and one of the largest investments in the province,” company’s…
More silver hits for Levon, Valley High in Mexico
VANCOUVER –Following up on a successful initial drill program, joint-venture partners Levon Resources (LVN-V, LVNVF-O, L09-F ) and Valley High Ventures (VHV-V) have hit more long and good-grade silver intercepts at the Cordero project in…
New gold zone discovery lifts African Aura
African Aura Mining (AUR-V) has hit upon a new gold zone at its wholly-owned New Liberty gold project in Liberia, and the market signaled its belief in the discovery’s significance.In the days after the May 11 announcement of the near-surface…
Bonanza grades at Mariana’s Calandria Norte in Argentina (June 07, 2010)
After somewhat disappointing 2009 drill intersections, two scout drill holes this year have produced bonanza grades at the Calandrias Norte prospect of Mariana Resources’ (MARL-L) Las Calandrias gold project in southern Argentina’s Deseado…
Metates looks good to Chesapeake
Chesapeake Gold’s (CKG-V) preliminary economic assessment (PEA) of its 100%-owned Metates gold-silver project in Mexico’s Durango state, forecasts a mine life of 27 years with a total life-of-mine production of 14.8 million oz. gold, 391…