Rio Alto to raise $50 million for La Arena
Rio Alto Mining (RIO-V, RIOAF-O) is raising $50 million in a private placement to fund its La Arena copper-gold project, 480 km northwest of Lima in Peru.
South America
South American Gold looks to ride the Colombian gold wave
The recently re-minted South American Gold (SAGD-O) is looking to tap into Colombia’s gold potential. To do so the Richmond, Indiana-based company is aiming to acquire privately-held and Colombian-based Kata Enterprises and its 85% stake…
Amazon Mining’s Cerrado Verde project could be a game changer
Any company whose stock has moved from a low of 93¢ per share to a high of $8 over the course of a year deserves a closer look and so it is with Amazon Mining Holding (AMZ-V).
Good early results for Eaglecrest
Eaglecrest Explorations (EEL-V) turned in some promising results from a first-pass sampling program at its Fredonia project in Colombia. The highlight assay graded 8.25 grams per tonne gold and 47.5 grams per tonne silver and came from an…
New Loz Azules PEA lifts Minera Andes
Vancouver – Metal prices can make or break a project, and in the case of Minera Andes’ (MAI-T) Los Azules project a stronger copper price has dramatically increased the potential mine’s value.
Mirasol jumps on strong silver intercepts from new prospect
Vancouver – The first seven holes into Mirasol Resources’ (MRZ-V) grassroots Virginia project in Argentina returned enough silver to add 22% to the company’s share price in a day.
Galway follows drill results with financing
Vancouver – Galway Resources (GWY-V) has released a number of significant gold-silver hits from its California project in Colombia just as it announces a $25 million financing.
Zincore pulls high-grade at Accha
Vancouver – A 5,000-metre drill program has shown that the Accha deposit in Peru still has room to grow, as drills pull high grade intercepts from the north and east flanks of the zone for owner Zincore Metals (ZNC-V).
Estrella strikes strategic exploration alliance with Cliffs Natural Resources
Estrella Gold (est-v) is partnering up with Cliffs Natural Resources (clf-n) to explore for iron-oxide copper-gold targets in southern Peru. The pair has struck a two-year strategic alliance agreement, under which Cliffs has agreed to fund…
Latin American Minerals raises $12.6 million for Paraguay gold project
Latin American Minerals (LAT-V) has sold all of its shares in Lithium Americas Corp. (LAC-T) to invest in its prospective Paso Yobai gold project in Paraguay.
Peru’s Toledo builds bridges with Canadian miners (December 07, 2010)
Alejandro Toledo, president of Peru from 2001-06, announced in November that he is returning to the public stage and running in the Peruvian presidential elections that will be held in April 2011 to find a successor to current President Alan…
Seafield way up on long Colombian intercept
Results from the first three holes from Seafield Resources’ (SFF-V) latest campaign at the Miraflores deposit in Colombia sent the company’s shares flying. Seafield shares shot up 147% in Toronto on Dec. 3 to finish the day at 57¢ on…