Central Sun Mining Inc. provide the final results from its successful 2008 exploration program at the Limon and Orosi Mine areas and the Mestiza-La India project in Nicaragua. “The 2008 exploration program has been very successful; we have achieved our objectives of outlining new gold zones that will likely significantly increase the economic mineral resources in the two mining areas. We have... Read more..
Yorbeau Resources Inc. report exciting results from an additional six diamond drill holes on one of its prime targets on the Rouyn property, the Lac Gamble target. “We are of the opinion that we are drilling the upper portions of a major gold zone. The higher grade shoot within the zone is more than 400 m in strike length and open along strike and to depth. Given that many gold deposits along... Read more..
Firstgold Corp. announced that it has begun crushing and laying overliner material at the Relief Canyon Mine. The overliner is a layer of crushed rock that covers the primary HDPE liner and perforated piping. It allows for fluid flow and is an essential part of the heap leach process. Founder/COO Scott Dockter commented, “We anticipate that we will be crushing and stacking ore within the next... Read more..
Tao Minerals, Ltd. announced that it has executed an agreement with Galleon Investments, Ltd., providing for a $500,000 financing. This financing is in the form of a convertible debenture, with terms stipulating an interest rate of 8% and a loan repayment due 90 days from the date of the execution of the agreement, either in the form of cash or through conversion of shares of Tao Minerals stock. The... Read more..
General Metals Corporation announce it has completed its 2007- 2008 Phase 1 drilling program at its Independence Gold and Silver Mining Project in Battle Mountain, Nevada. The Independence is situated directly adjacent to the massive Phoenix Project, which is the largest operating gold mine in the US. All samples from the drilling have been delivered to American Assay Labs Reno facility for analysis.... Read more..
Maya Gold & Silver Inc. announce Guy Goulet nomination as President of the company. In 1986, Guy Goulet graduated with an engineering degree in geology from l’Ecole Polytechnique de Montreal. Mr. Goulet has sat on several boards of directors for both public and private companies over the past 20 years. His extensive network of contacts in the corporate and financial worlds will contribute... Read more..
High Desert Gold Corporation provided an update on shareholder rights plan which was adopted effective October 29, 2008, subject to acceptance by the Toronto Stock Exchange (the “TSX”). As previously announced on November 3, 2008, the Company had been advised that Northern Financial Corporation (”Northern”) intended to submit an application to the British Columbia Securities... Read more..
Mengold Resources Inc. and Solomon Resources Limited have encountered high-grade gold – up to 234.0 gpt – in surface sampling programs conducted this fall at the I-Zone on the Goldcreek Property, located in the Shebandowan area, west of Thunder Bay, Ontario. The I-Zone is part of structurally complex series of twenty-six dykes previously mapped on the Goldcreek Property. A structural model... Read more..
Detour Gold Corporation report assay results for an additional 35 holes totaling 15,281 metres from its Phase II infill drilling program at the Detour Lake project in northern Ontario. Results continue to indicate additional gold mineralization within and outside the US$700 pit shell (mineral resource reported in Press Release July 2, 2008), which should positively impact the final pit design (lower... Read more..
Metals Creek Resources Corp. announce that the Company has received assay results from the recently completed prospecting/mapping program on its Dogpaw Lake Property (the “Property”). The Property is operated through an option agreement with Endurance Gold Corporation (”Endurance”, TSXV: “EDG”), in which the Corporation can earn a 75% interest in the Property by... Read more..