Latin American Minerals Inc. reports that mechanical trenching across the Discovery Zone on the Paso Yobai Gold Trend in Paraguay has exposed the gold-bearing zone in all trenches, locally containing coarse visible gold. The Paso Yobai Gold Trend hosting the Discovery Zone has been traced by airborne and ground magnetic surveys along strike for 7 kilometres, and has been outlined by a large regional... Read more..
Western Sierra Mining Corp. released preliminary ore refining data from production sites at the Gold Basin Mine currently being processed. Specifically, the initial production results from its “Site 76″ at the Gold Basin Mine are producing .75 grams gold per yard of processed ore. Michael Chaffee, CEO & President of Western Sierra Mining, stated, “We are pleased with the results... Read more..
Searchlight Minerals Corp. announce that the Company received a Certificate of Occupancy from the Town of Clarkdale, Arizona, for the electrowinning building at its Clarkdale Slag Project on December 30, 2008. “I would like to compliment our staff, contractors and construction crews on the achievement of this significant milestone,” stated Ian McNeil, Chief Executive Officer of Searchlight... Read more..
CHAMPION MINERALS INC. announce that a diamond drill rig has been mobilized to the Company’s Gullbridge and Powderhorn Base Metals Properties in the Buchans Mining Camp of central Newfoundland. Drilling will consist of a three hole 1,600m program. The planned drill holes are targeting three of the five higher priority targets identified from a 2008 ground gravity survey. The gravity anomalies... Read more..
Silverado Gold Mines Ltd. SLGLF OTCBB, SLGL Frankfurt, www.silverado.com, is pleased to announce that the preliminary feasibility study on its Workman’s Bench gold and antimony lode gold deposit at its Nolan Creek property in Alaska has been completed. The study was commissioned by the Company in September 2008, and was performed by Thomas K. Bundtzen (”Bundtzen”) of Pacific Rim... Read more..
Fronteer Development Group Inc. announce that widely spaced regional drilling at its Halilaga Project in northwestern Turkey has intersected encouraging new copper-gold mineralization, reinforcing the prospectivity of this emerging mineral belt. Teck Cominco Limited’s Turkish subsidiary, Fronteer’s 60% joint venture partner, is currently testing a series of geochemical and geophysical anomalies... Read more..
IAMGOLD Corporation has entered into a definitive Option Agreement to earn a 50% interest in the Siribaya Gold project in Mali, West Africa, which is 100% controlled by Merrex Gold Inc. . IAMGOLD can earn its interest by spending Cdn$10.5 million over four years. As part of the Agreement, IAMGOLD completed a private placement of Cdn$1.5 million in Merrex by subscribing for 4,285,714 units at $0.35... Read more..
Gregory Isenor, P.Geo., President and CEO of Merrex Gold Inc. announces that Merrex has closed its Private Placement and Option Agreement with IAMGOLD Corporation for 50% of Merrex’s Siribaya Gold Project in West Mali, Africa. “We are pleased to have increased our control of Siribaya to 100% and to have closed our agreement with IAMGOLD” said Merrex President Gregory Isenor. “As... Read more..
GoldQuest Mining Corp. report drill results from ten holes completed on its 100% owned Las Animas project located in the central Dominican Republic. The Las Animas project is excluded from the Gold Fields Option Agreement. The drill results of the last ten diamond drill holes totalling 1,879 meters of the Phase 3 drill programme at Las Animas are reported. Nine of these holes (1,208 m) were drilled... Read more..
In 2009, investors can look forward to a worthless dollar, according to Kevin DeMeritt, president of Lear Capital. The Fed is going to print more and more money while spending trillions on stimulus packages. Interest rates are at their lowest in history. This will all add up to a worthless dollar with negative long-term effects on the stock market, the bond market and every American’s purchasing... Read more..