NovaGold boosts costs for Donlin
NovaGold Resources (NG-T, NG-X) has updated the cash needed to build its joint-venture Donlin (formerly Donlin Creek) gold project in Alaska, to US$7 billion from US$4.5 billion.
Gold
Goldgroup Mining’s big growth plans in Mexico
Junior Goldgroup Mining (GGA-T) believes it can produce much more gold within three years through organic growth by combining its Mexican assets, and Canaccord Genuity mining analyst Nicholas Campbell thinks that goalis on the mark.
Perseus pours first gold
Perth, Australia-based Perseus Mining (PRU-T, PRU-A) has started producing gold from its Central Ashanti gold project in Ghana’s renowned Ashanti gold belt.
Mexico’s Echavarria to take 39% stake in Animas
Mexican investor Ernesto Echavarria has given Animas Resources (ANI-V) a $3.4-million cash injection as it works to advance the Santa Gertrudis gold project in northern Mexico.
Rapid progress for Atacama Pacific’s Cerro Maricunga
Thanks to several years of work as a private entity, Atacama Pacific Gold (ATM-V) came out of the gates running last year with a $33-million initial public offering and an advanced gold project in Chile.
Strong drill results from Queenston
Queenston Mining (QMI-T) has completed nine new drill holes at its wholly owned Upper Beaver gold-copper deposit in Kirkland Lake, Ont.
Magino holds promise for Prodigy Gold
Results from infill and resource expansion drilling at Prodigy Gold’s (PDG-V) Magino gold project near Wawa, Ont., sent the junior’s shares up 10% to close at 64¢ on Aug. 30.
Positive results for Lake Shore’s Thorne
Promising assays from Lake Shore Gold’s (LSG-T) Thorne gold property in Timmins, Ont., did little to lift the company’s shares. The junior has been trading near its 52-week low of $1.91 on Aug. 15, 2011, since releasing dismal second-quarter…
Cash-strapped Maya agrees to spend $20.5M on old Moroccan silver mine
Maya Gold & Silver (MYA-V) is buying another past-producing precious-metals mine in the Kingdom of Morocco, this time the Zgounder silver project in central Morocco’s Anti-Atlas mountains.
Nunavut gold find leaves Prosperity investors wanting more
Prosperity Goldfields (PPG-V) has drilled 157.6 metres of 1.7 grams gold per tonne at its main Kiyuk gold project in southern Nunavut, including a higher-grade section of 30.5 metres grading 4.9 grams gold. The results are from the company’s…
Cuoro Resources finds major new copper-gold intersection
Drilling at Santa Elena in Colombia about 140 km northeast of Medellin has returned near surface and high-grade VMS mineralization in the first six diamond drill holes, CuOro Resources (CUA-V) announced this week. Assays are pending for the…
TerraX up 26% on assay-less Newfoundland drilling update
TerraX Minerals (TXR-V) has released its second assay-less drilling update in less than a month from its Stewart gold-copper project in the Burin Peninsula of Newfoundland. Shares of the company climbed 8¢ or 26% on the news, closing at…