Mines Management (MGN) advances La Estrella Project
Premier Gold Mines’ (PG) subsidiary adds to royalty portfolio
Fortuna Silver Mines’ (FVI) hits more high-grade silver at Caylloma
Extorre Gold Mines (XG) hits more high-grade gold at Cerro Moro
Spanish Mountain Gold (SPA) advances toward Feasibility Study
Crocodile Gold (CRK) reports first quarter results
Extorre Gold Mines (XG.TSX, AMEX: XG) reported high grade drilling results from its Cerro Moro project in Argentina and commented on current market conditions. The emerging gold company noted that it believes that the present market for the company’s shares “does not reflect the underlying value of its high quality asset at Cerro Moro. Extorre [...]
Spanish Mountain Gold (SPA.TSXV) announced initial metallurgical test results for the Phoenix Zone of its Spanish Mountain Gold Project located in central British Columbia, Canada. The results for the Phoenix Zone represent preliminary tests carried out with samples from the drill program that identified the Phoenix Zone late in 2011. The emerging gold company reported [...]
Crocodile Gold (CRK.TSX) announced financial and operating results for the three months ended March 31, 2012. The Canadian-based gold producer also recently entered into a definitive agreement with AuRico Gold Inc. whereby it acquired the Stawell and Fosterville mines located in Victoria State, Australia through the acquisition of all the issued and outstanding shares of [...]
Canaco Resources (CAN.TSXV) announced an initial mineral resource estimate for the Magambazi area of its Handeni project in Tanzania, Africa. The emerging gold company noted that the mineral resource estimate was prepared in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Standards on Mineral Resources and Mineral Reserves, adopted by CIM Council, [...]
Aurizon Mines (ARZ.TSX, AMEX: AZK) announced additional results from the 2011-2012 drill program on Zone 123 at its Casa Berardi Mine in north-western Quebec. The Canadian-based gold mining company reported that based on these results, underground in-fill drilling will continue until year end using one or two drill rigs from the 810 metre exploration drift [...]
Premier Gold Mines (PG.TSX) announced proposed changes to the Company’s Board of Directors, to be effective at the upcoming Annual General Meeting of Shareholders on June 28, 2012. The Canadian-based gold company reported that proposed additions to the Premier team include Mr. Ebe Scherkus as Director and Chairman and Mr. Claude Lemasson as Director. Premier’s [...]
Claude Resources (CRJ.TSX, AMEX: CGR) reported financial and operating results from the first quarter of 2012. Gold revenue from the Company’s Seabee Gold Operation in Canada for the three months ended March 31, 2012 climbed 21% to $16.1 million from $13.3 million in the first three months of 2011. The increase in gold revenue period [...]
The price of gold opened near unchanged at $1,581.92 per ounce Sunday evening despite a 0.2% advance in the U.S. Dollar Index to 80.403. The yellow metal held firm after the People’s Bank of China (PBOC) lowered its reserve requirement ratio by 0.5%. The monetary policy decision came in the wake of sluggishness in the Chinese economy. Yu [...]
GOLD STOCKS NEWS – Gold stocks advanced Thursday morning as the Market Vectors Gold Miners ETF (GDX) climbed $0.40, or 0.9%, to $43.42 per share. Gold stocks and the GDX were boosted by a fractional rise in COMEX gold futures to $1,596 per ounce and modest strength in the broader equity markets. The S&P/TSX Global [...]
Crocodile Gold (CRK.TSX) announced additional high grade intersections from drill holes completed at its Prospect and Crosscourse deposits at the Union Reefs Project in Australia. The Candian-based gold mining company currently has two diamond rigs working to complete the present phase of drilling. Crocodile Gold is currently drilling at the Prospect and Crosscourse Deposits to [...]
