Gold Hawk Resources Inc recently has told the press about the Company has completed a non-brokered private placement of 55,000,000 common shares at a price of $0.06 per share for gross proceeds of $3,300,000. The private placement was announced on July 3, 2008. Nuinsco owned no shares of the Company prior to the private placement. The Company will use the net proceeds of the private placement to finance... Read more..
Northgate Minerals Corporation is reporting the results for 34 surface and 59 underground diamond drill holes totalling 33,000 metres, which were completed during the first half of 2008 at the Young-Davidson project near the town of Matachewan in northern Ontario. The purpose of the ongoing diamond drill program is to increase the measured and indicated resource base at Young-Davidson in preparation... Read more..
NovaGold Recources Inc told the press about the power outrage undergone in downtown Vancouver. It cost a lot of cancellation, for example its quarterly conference call and webcast has been rescheduled to Thursday, July 24 at 11 am PST (2 pm EST) As a result of the power outage NovaGold’s head office has been without phone and email service since Monday. Email has been restored, but the phones... Read more..
Peru’s largest, publicly traded, precious metals mining company, Buenaventura, told the press that operations at the Orcopampa operating unit resumed at 3:00 pm local time on July 16, 2008 after the Chilcaymarca community suspended the blockade of the access road to the mine. The Chilcaymarca community and the Company, with the participation of the Mining and Energy Ministry, are negotiating... Read more..
Yamana Gold Inc, a mine exploration company based in Canada published its July 2008 monthly dividend of US$0.01 per share. On thursday, July 31, 2008 Shareholders of record at the close of business, is predicted to received payment of this dividend on Thursday, August 14, 2008. The dividend is an “eligible dividend” for Canadian tax purposes. Yamana is a Canadian gold producer with significant... Read more..
Buenaventura or the company, Peru’s Largest trading precious metals mining company was reported to have filed its 2007 20 f with the SEC. Compania de Minas Buenaventura S.A.A. is Peru’s largest publicly traded precious metals company and a major holder of mining rights in Peru. The Company is engaged in the mining, processing, development and exploration of gold and silver and other metals... Read more..
New Jersey Mining Company has a new prospect known as the progress is just west of the Niagara copper-silver deposit. This new gold prospect is located near Murray, Idaho. They have a method called Soil sampling which indicates a zone of gold in soil which is 80 meters and at least 350 meters long. Old adits and trenches have exposed gold mineralization and a sample taken from the dump of one of the... Read more..
Tombstone Exploration Corporation provided a progress report on Drill Hole TEMC 101. TEMC 101 is designed to intercept two of the major producing structures in the mining district, the Bonanza and Santa Ana veins. The Target Zone is estimated at 800′ and the hole is planned to reach 1,100′. Around 550′, manganese oxide stringers and veins were intercepted. Manganese oxides are the... Read more..
BROWNSTONE RESOURCES INC. is pleased to announce that the company has completed their option payments to date as required for the earn in portion of the “LS Grande” gold/silver/copper property, located in NE Arizona. Additionally, Brownstone has received the “Phase One” development plan for the LS Grande, and is in the process of reviewing the plan for approval. Management anticipates... Read more..
Queensland Minerals Ltd. is pleased to report further results from recently completed diamond drilling over three projects in North Queensland. The main highlight is drill hole DHDD07 at Dingo Peak that returned 52 meters at 0.66 g/t Au with 0.60% Cu including 8 meters at 2.03 g/t Au with 1.57% Cu in breccia above a porphyry system. The Company’s ongoing campaign is to evaluate copper-gold (Cu-Au)... Read more..