As it has been reported by the media that Gold dipped on Wednesday as oil extended losses and robbed the metal of some of its appeal as a hedge against inflation, while platinum bounced after falling to its lowest level in more than five months.
Gold was also weighed by the U.S. dollar, which held much [...]

East West Resource Corporation is pleased to announce that it has entered into a Letter of Intent (”LOI”) with KWG Resources Inc to acquire an option to earn up to a 65% interest from East West Resource Corporation in its “Feeder Claims”. The 12 claim property south of the Ring of Fire was identified [...]

IAMGOLD Corporation announced that the Company has acquired the participation royalty on the Doyon/Westwood property, located in the Abitibi region in Northern Quebec, from Barrick Gold Corporation for US$13MM in cash. The transaction eliminates the royalty obligation on the Doyon mine, which is 24.75% of the gold price above $375/oz, and based on current gold [...]

Hunt Gold Corporation confirms that a portion of sale proceeds in respect of its “American Molygold” Mining & Exploration interests in the amount of US$10 million are to be utilized to effect a share buyback of the Company’s “free float” of Common Stock.
Given the fact that the Company has 480 million in “free trading” shares, [...]

Inter-Citic Minerals Inc. President and CEO James Moore, is pleased to announce that the Company has retained the services of Mr. Patrick Gorman, to assist with advancing development plans for the Dachang Gold Project. Mr. Gorman’s focus will be overseeing the preparation and drafting of a Preliminary Scoping Study for Inter-Citic’s Dachang Gold Project.
Mr. Gorman [...]

Buchans River Ltd. and Royal Roads Corp. are pleased to announce that the shareholders of Buchans River approved the plan of arrangement (the “Arrangement”) between Buchans River and Royal Roads at a special meeting (the “Meeting”) of Buchans River shareholders held earlier today in Halifax. 65.5% of the issued and outstanding shares of Buchans River [...]

Brownstone Resources Inc. is pleased to announce that the company has approved the proposal for the “Phase One” development plan for the companies jointly owned “LS Grande” gold/silver/copper property located in NE Arizona.
Based on the current and historical information provided to Brownstone by their development partner, the first phase of development for the LS Grande [...]

Century Mining Corporation announced that it has initiated a strategic review process in response to recent difficulties the Company has encountered in its efforts to secure financing. This review process was initiated as a result of Century’s evaluation of severe equity market conditions and the current valuation of the Company.
The Board of Directors has therefore [...]

Silver Falcon Mining, Inc., announces possible new mineralized zone after a dog belonging to the owner of Deep Rock, Inc. was discovered at the bottom of a 30 foot natural fissure on the War Eagle Mountain property. During the dog’s rescue, a large spine, of what appears to be gold (Au) and silver (Ag), was [...]

Anaconda Mining Inc., is pleased to report that on July 16, 2008, the first gold was poured at its Pine Cove Gold Mine (”Pine Cove”) in Baie Verte, Newfoundland. The pour yielded three gold dore bars with a collective weight of 140.43 oz. As previously announced, mine / mill commissioning and optimization studies are ongoing. [...]