RiverRun Resources Inc. announces the execution of a services contract with Logistica y Servicios Aluviales San Lorenzo SAC to develop the company’s 79 km2 of mining properties in the Gold Sands district of northeastern Peru. The company has the option to acquire up to 100% of the mineral rights on terms previously disclosed. RiverRun has contracted San Lorenzo, a Peruvian Service company to... Read more..
Goldstake Explorations Inc. announce that the company has officially earned a 60% interest in the Clay Property from Transpacific Resources Inc. Goldstake earned the majority interest in the Clay Property after incurring exploration expenditures to-date of $1.8 million. Exploration on the property by Goldstake is part of an option agreement with Transpacific allowing Goldstake to earn a 75% interest... Read more..
Temex Resources Corp. (TSX Venture:TME, Frankfurt:TQ1) (”Temex” or the “Company”) announces that initial drilling has intersected high grade gold mineralization from the deep drill program on the Whitney Township Property located within the 65 million ounce Timmins Gold Camp. The property occurs within a 4 kilometre, 10+ million ounce mine trend and includes the former Broulan... Read more..
AuEx Ventures, Inc. report new gold drill intercepts, including hole LC149 returning 80 feet (24.4 meters) at 0.091 ounces per ton (3.12 grams per tonne), and hole LC147 returning 25 feet (7.6 meters) at 0.088 ounces per ton (3.01 grams per tonne) that extends shallow, oxide gold mineralization another 328 feet (100 meters) northeast along strike at the Company’s 49% owned Long Canyon gold exploration... Read more..
Agnico-Eagle Mines Limited announced that it is conducting a tour for analysts and investors of its new Kittila gold mine and facilities in northern Finland on November 18, 2008. Construction commenced at the 100% owned Kittila mine project in northern Finland in the second quarter of 2006. Kittila has probable gold reserves of 3.0 million ounces (18.2 million tonnes grading 5.1 grams per tonne). The... Read more..
The new mineable reserve for the Sabodala open pit of 1,484,000 ounces at a 0.65g/t gold cut-off, together with Niakafiri at 145,000 ounces, extends the Sabodala Gold Project to 1.63 million ounces with further opportunities to expand the reserves. The total Sabodala mineable reserve for the mining concession is 24.3 million tonnes grading 2.1g/t (Attachment 1). Of the total gold reserves: - the current... Read more..
Mirasol Resources Ltd. announce the discovery of extensions to the Morena gold prospect and the start of a 1,700 metre scout drill program at its 100% owned Joaquin high grade gold silver project, Santa Cruz province, southern Argentina. Ongoing exploration at the Joaquin project is 100% funded by Mirasol’s joint venture partner, Coeur Argentina S.R.L., a wholly-owned subsidiary of Coeur d’Alene... Read more..
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..