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.
South America
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…
Belo Sun shines in Brazil (November 30, 2010)
Vancouver – A long gold hit at Belo Sun’s (BSX-V) Volta Grande project in Brazil has helped boost the project’s potential and the company’s stock price.
Explorator probes copper-gold mantos at El Espino (November 26, 2010)
Vancouver – Explorator Resources’ (EXO-V) 23,000-metre drill program at its joint-ventured El Espino project in Chile is showing that the historic mines scattered across the property may have only scratched the surface of its copper-gold…
Mercer looks to be the next name in Colombian gold
With the gold boom in Colombia in full swing it may come as some surprise that speculative land next to a 10 million oz. deposit would still be available. But up until June of last year, that was just the case with the Guayabales property….
Continental Gold strikes high grades at Buritica
Vancouver – The latest results from Continental Gold’s (CNL-T) on-going 100,000-metre drill program at its Buritica gold project in Colombia show more high-grade gold intercepts.
Eike still likes gold (November 17, 2010)
While Brazilian billionaire Eike Batista has swelled his fortune on Brazilian offshore oil over the last five years he still has an appetite for the commodity that helped propel him to fame and fortune so many years ago.
Mirasol prepares to drill new silver discovery (November 16, 2010)
As it prepares to begin drill testing a grassroots silver find in Argentina’s Santa Cruz province, Mirasol Resources (mrz-v, m8r-f) is topping up its treasury with a $9.3-million financing. The non-brokered private placement will comprise up to…