Golden Regent, LBN cut gold in Slovakia
Drilling at the past-producing Lom gold-antimony project in Slovakia has confirmed mineralization for Golden Regent Resources (GRR-A) and its partner, LBN Syndicate of Australia.The first two core hol…
News
Cumberland drilling expands Third Portage
Interim drill results from the Meadowbank gold project in Canada’s Far North has expanded the eastern, near-surface portion of the Third Portage deposit, a potential open-pit mine.The Meadowbank proje…
Royal Oak plans $81-m writedown
Royal Oak Mines (RYO-T) plans to take a pretax, US$81-million writedown as a result of lacklustre gold prices and restrictions on its ability to hedge gold production.Using a gold price of US$300 per …
Partners expand Chocolate Reef
An independent resource calculation has increased by 31% the size of the Chocolate Reef gold deposit in Tanzania’s Lake Victoria Gold district.Chocolate Reef is situated on the Kahama property, which …
Ventures buys Alaskan time
Junior Ventures Resource (VRS-V) has re-secured the right to explore 3 million acres of central Alaska.The company negotiated a 2-year extension to its land holdings with the Alaska native corporation…
New mine plan cuts Gold Reserve’s costs at Las Brisas
By modifying its mine plan, Spokane Wash.-based Gold Reserve (GLR-T) has reduced estimated cash operating costs by as much as 24% at the proposed Las Brisas copper-gold producer in southeastern Venezu…
NEWS ROUNDUP — High North bails out of Labrador
High North Resources (HNRI-C) has dropped its option to earn from Ungava Minerals (UNGV-C) a 50% interest in a 650-sq.-km copper-nickel property in northern Quebec.High North cites poor metals markets…
Madison outlines gold-silver mineralization near Porgera
Junior Madison Enterprises (MNP-V) is encouraged by the results of 20 diamond drill holes at the Mt. Kare gold-silver joint venture in Papua New Guinea.The project is owned 65% by Madison and 25% by M…
MINING MARKETS & INVESTMENT NEWS — INSIDER TRADING — Homestake’s largest investor boosts holdings
German investor August von Finck has increased his ownership in Homestake Mining (HM-N) by purchasing 8.7 million shares at US$10.21-11.21 per share.The acquisition boosts von Finck’s holdings to 30 m…
Lytton, New Indigo find kimberlite at Jericho
A fall drilling program at the Jericho project in the Northwest Territories has resulted in the discovery of a land-based kimberlite body dubbed Contwoyto-1.The discovery hole was collared at an angle…
Newmont Mining absorbs Newmont Gold
Newmont Mining (NEM-N) is acquiring all the outstanding shares of Newmont Gold (NGC-N) it does not already own.The company will gain the remaining 6.25% of Newmont Gold in a tax-free merger and conver…
Princess picks up three licences in central China
China’s Ministry of Land and Mineral Resources has granted four gold exploration licences to the Chinese affiliate of Princess Resources (PRL-V).The affiliate, Princess Xinxiang Geological Mining, is …