IAMGOLD Options Merrex Gold’s Siribaya Gold Project in Mali and Confirms Equity Position in Merrex Gold

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... Read more..

Avion Resources Attracts Financial Investor Into Segala Gold Project, Mali

Avion Resources Corp. announced that it has entered into an agreement to sell 50% of its interest in the Segala gold project located in Mali, West Africa to Dynamite Resources Inc. (the “Transaction”). Avion Resources will retain a 40% interest in the Segala Gold Project, with the remaining... Read more..

Avion Resources Intersects 13.56 g/t Gold Over 22.5 Metres, 800 Metres Northeast of the Tabakoto Pit in Mali

Avion Resources Corp., 80% owner of the Tabakoto and Segala gold projects located in Mali, West Africa, today announced the results from exploration drilling outside of the historic resources and from a surface rock sampling program of debris from orpeilleur prospecting pits. Results from 12 of 26 holes... Read more..

Merrex Increases Ownership of Siribaya to 100% and Closes $12,000,000 Option and Private Placement With IAMGOLD

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%... Read more..

Satellite deposits adding ounces to Etruscan’s Gold Resources at Youga

Etruscan Resources Inc. reported initial gold resource estimates from two additional satellite deposits within 2.5 kilometers of the operating Youga Gold Mine in Burkina Faso, West Africa, and from the recently announced Ouaré Zone located 35 kilometers northeast of the Youga Gold Mine. Using a 1 gram... Read more..

Etruscan outlines widespread rare earth occurrences in Namibia

Etruscan Resources Inc. announced that it has outlined a large number of rare earth element enriched carbonatite dykes associated with an alkaline intrusive complex on its Lofdal permit in northern Namibia. Analytical results from 242 outcrop samples and six drill holes indicate that both light rare... Read more..

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Merrex Reaches $12,000,000 Deal with IAMGOLD for Siribaya

Gregory Isenor, P.Geo., President and CEO of Merrex Gold Inc. announces that Merrex and IAMGOLD Corporation have agreed on the commercial terms of an option for 50% of Merrex’s Siribaya Gold Project in West Mali, Africa. $12,000,000 Option and Private Placement The commercial terms of a $12,000,000... Read more..

Keegan Announces Appointment of Environmental Manager and Provides Project Updates

Keegan Resources Inc. announce that it has contracted Graham Johnson to be its Health, Safety, Environment, and Community Manager. Mr. Johnson was formerly a Principal with Coffey Natural Systems in Perth, Australia where he led environmental and community baseline studies for various mining and exploration... Read more..

Avnel Gold announces appointment of Chief Financial Officer

Avnel Gold Mining Ltd. is pleased to announce the appointment of Mr. Firdaus (Fred) Abbasi as Chief Financial Officer with immediate effect. Mr. Abbasi will also act as Avnel’s Corporate Secretary. Mr. Abbasi will be based in London at Avnel’s representative corporate office and undertake... Read more..

IAMGOLD Corporation; Significant Drill Results Reported from Boto, Senegal

IAMGOLD Corporation as reported by the media that the discovery of multiple zones of significant gold mineralization at its wholly-owned Boto Property in Senegal, West Africa. The Company controls an extensive land package of 630 square kilometres in southeast Senegal covering an important segment of... Read more..