South America


A driller operates a reverse-circulation drill at the Magnetite Manto deposit, roughly 1 km from Mina Justa in southwestern Peru. Chariot Resources plans to use higher-grade oxide ore from Magnetite Manto as a starter pit for the mine, which is scheduled to go into production in 2010.

Chariot Races to Production

SITE VISIT Lima, Peru — Across the swaths of desert stretching alongside the southern Peruvian coast, there’s nary a farm, cultural heritage site or environmentally sensitive area — just ocean,…


Wide Intersectons at Aurora

Guyana Goldfields (GUY-T, GUYFF-OF) continues to intersect good lengths of low-grade gold mineralization on its Aurora gold property in western Guyana, as it attempts to drill off a resource at the Ro…



Canadians Tussle Over Peruvian Property

Century Mining president and CEO (CMM-V, CMNZF-O) Margaret Kent believes her company will build a gold mine at the contentious Shahuindo property in Peru. But first, Century will have to win a long-fe…




No Market Reward for U3O8 Drill Results

Although the price of U3O8 has maintained its steady ascent, U3O8 (UWE-V, UTREF-O) — the company — watched its share price plummet 25% in one day recently, on the news that it intersected uranium in…


Gold Reserve Closes US$164M Financing

Vancouver — Gold Reserve (GRZ-T, GRZ-X) has closed a US$164.2-million financing announced in early May, paving the way for construction to begin at its major holding, the Brisas gold-copper project i…





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