AG boosts resources at Veladero
Argentina Gold (ARP-V) has tabled an updated resource estimate for its Amable and Filo Federico targets at the Veladero property in Argentina. Amable now has a total indicated and inferred resource of…
News
DIAMOND PAGE — Monopros discovers small pipe in NWT
Monopros has discovered a new kimberlite pipe between the 5034 and Hearne pipes on the AK property at Kennady Lake in the Northwest Territories.The Canadian exploration arm of De Beers Consolidated Mi…
Medinah buys properties
California-based Medinah Energy (MDIN-O) has acquired the Alto de Lipangue and Las Dos Marias gold properties, which comprise 5,000 ha in central Chile.The company paid US$10 million to the vendor, wh…
Converse resource doubles
A new resource calculation for the Converse gold deposit in Humboldt Cty., Nev., indicates there may be a substantially larger resource than had previously been estimated.Consulting firm Mine Developm…
LATIN AMERICA — NEWS ROUNDUP — Santa Cruz sells Lluvia de Oro
Toronto-based Santa Cruz Gold (SCG-T) is selling its suspended Lluvia de Oro gold mine in Mexico’s Sonora state.The company is to receive US$120,000 in cash from the unnamed buyer and will remove itse…
LATIN AMERICA — Pierina to be world’s lowest-cost producer
Peru’s mining industry will get a major shot in the arm this spring when Barrick Gold (ABX-T) officially opens its Pierina mine in the department of Ancash, 185 miles north of Lima.The valley-fill, he…
LATIN AMERICA — NEWS ROUNDUP — High American drills in Argentina
High American Gold (HIAM-C) has completed two diamond holes at its Oesteroche property in northwestern Argentina.The holes were sunk near a tourmaline breccia pipe following the recovery of soil and r…
CAC examines future coal trends — New markets, cost-cutting seen as next challenges for industry
Achieving cost competitiveness will be the key to success for western coal producers currently struggling to survive declining prices and weak demand brought about by the global economic crisis.That w…
LATIN AMERICA — Anglogold to expand operations in South America — Serra Grande, Morro Velho among mines acquired through Minorco merger
Even as Anglogold (AU-N) digests its recent acquisition of Minorco’s assets, the world’s largest gold producer is looking toward expansion in South America.Anglogold was formed last June through the m…
LATIN AMERICA — Cuba OKs work proposal
The government of Cuba has approved a proposal by MacDonald Mines Exploration (MMP-A) to step up its exploration for gold on the island nation.Over the past four years, the company has identified 36 t…
LATIN AMERICA — Aquest looks to Guatemala for Carlin-style targets — Proposed drilling would determine extent of gold mineralization
The similarities to Nevada-style sediment-hosted, bulktonnage gold deposits were compelling enough for Aquest Minerals (AQU-V) to acquire a privately-held Guatemalan mining company whose key assets in…
LATIN AMERICA — Morgain, Columbia forge ahead in Mexico — Further drilling to include reverse-circulation, core holes
Partners Morgain Minerals (MGM-V) and Columbia Metals (COML-C) are continuing to explore for polymetallic minerals at their San Francisco property in Mexico’s Sonora state.San Francisco produced gold …