Promising drill results at Typhoon’s Fayolle
A 10-metre intercept averaged 7.14 grams gold per tonne at Typhoon Exploration’s (TYP-V) 100%-owned Fayolle gold project in Quebec’s Abitibi region.
Gold
High-grade hits for Temex in Timmins
Exploration drilling on the 6 Vein area of the Upper Hallnor mine in Ontario’s Timmins camp has returned wide core lengths of gold mineralization, Temex Resources (TME-V) says, with 9.97 grams gold per tonne over 6.7 metres including 66 grams…
Resolute refocuses on Mali
Even as Resolute Mining (RSG-A, RMGGF-O) – the second-largest gold producer listed on the Australian Stock Exchange – prepares to wind down its Golden Pride mine in Tanzania over the next 24 months after 12 very successful years and more than…
Copper Canyon ‘very pleased’ with sweetened NovaGold bid (March 21, 2011)
Just one month after dismissing the Dec. 20, 2010, takeover bid of joint venture partner NovaGold Resources (NG-T, NG-X) as “inadequate,” and only one week after suing it for allegedly failing to honour certain terms of the JV contract, the…
Roxgold’s Burkina Faso find attracts artisanal miners (March 21, 2011)
Roxgold (ROG-V) has released high-grade drill results from a new gold zone at its recently optioned Yaramoko gold project in Burkina Faso, adjoining the southern boundary of Semafo’s (SMF-T) Mana gold mine.
PMI drills high-grade at old Ghanaian mine
Exploration and infill drilling at PMI Gold’s (PMV-V, PVM-A) past-producing Obotan gold project in southwestern Ghana has turned up 20.8 metres grading 17.6 grams gold per tonne, part of a larger intersection of 80 metres grading 7.49 grams…
Surbiton: Australian gold output rising
Australian gold production for 2010 totalled 266 tonnes (8.5 million oz), which is an increase of 17% or 38 tonnes from 2009, according to Melbourne-based consultancy Surbiton Associates’ latest survey of the Australian gold mining industry,…
Problems plague Century’s Lamaque mine (March 21, 2011)
A failed cone crusher was the latest of several setbacks over the past year at Century Mining’s (CMM-V) Lamaque underground gold mine in Val d’Or, Que. The loss of the crusher shut down the Lamaque mill for nine days in February, and along with…
White Tiger curls up with cash-strapped Century Mining (March 18, 2011)
Vancouver – Financially troubled gold producer Century Mining (cmm-v) has agreed to an all-share takeover bid by White Tiger Gold (wtg-t), a newly listed gold miner 74% controlled by Russian mining promoter Maxim Finskiy. Century has struggled…
Technical Analysis Report: Gold a safe-haven no more (March 18, 2011)
With the disaster in Japan reaping havoc on global markets, investors may well be looking to the past to get a better understanding of what investments held up in such uncertain times. The natural place to begin looking would be the stock…
El Morro’s EIA gets the green light (March 17, 2011)
Chilean authorities have approved El Morro’s environmental impact assessment, joint-venture partners Goldcorp (G-T, GG-N) and New Gold (NGD-T, NGD-X), report.
Long intercept lifts Prodigy (March 17, 2011)
Prodigy Gold (PDG-V) continues to hit significant gold intercepts as it drives to push its Magino Mine gold project back into production. The latest results from infill drilling were highlighted by a long intercept of 261 metres grading 1.13…