Farallon Working Away At Campo Morado
VANCOUVER — With a $10-million financing and a US$30-million loan, Farallon Mining (FAN-T, FRLIF-O) has restructured its balance sheet, replacing short-term liabilities with long-term debt, while it …
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Positive Feasibility For Minco Silver’s Fuwan
VANCOUVER– With a positive feasibility study now in hand for its Fuwan silver deposit in China, Minco Silver (MSV-T, MISVF-O) is trying to raise $20 million to fund initial development work.
Canaco Jumps On Tanzanian Gold Hit
VANCOUVER– The results of just one drill hole from Canaco Resources’ (CAN-V, CANWF-O) Magambazi gold prospect, in Tanzania, lifted the junior’s share price from just 10¢ to the 40¢-range re…
Colossus Delivers More Monster Holes At Serra Pelada
Between 1980 and 1986, the Serra Pelada precious metals deposit in Brazil’s Para state spawned the largest gold rush in Latin American history, producing 2 million oz. gold. Today, Colossus Minerals (…
Hana Hits More High-Grade In Botswana
VANCOUVER — Hana Mining (HMG-V, HNNGF-O) is keeping busy in Botswana — in the last few months, the junior has defined a significant initial resource at its Ghanzi copper-silver project, concluded a …
Extract Hits Third Zone At Rossing South
VANCOUVER — The Rossing South uranium project is already home to 267 million lbs. U 3 O 8 in two adjacent deposits. Now owner Extract Resources (EXT-T, EXRLF-O) has found a third zone at the Namibian…
Canplats Wraps Up Represa Scoping Study
The Represa deposit at the Camino Rojo gold project in Mexico’s Zacatecas state could produce an average of 122,300 oz. gold and 902,100 oz. silver a year if it becomes a mine, Canplats Resources (CPQ…
Medoro Gets A Feel For Colombia Goldfields’ Asset
In mid-October Medoro Resources (MRS-V) and Colombia Goldfields (GOL-T) both put out press releases for the new resource estimate at the Marmato Mountain gold project in Colombia.
Capital Gold Boosts Reserves At El Chanate Mine
New York-based Capital Gold (CGC-T, CGLD-O) built its 100%- owned El Chanate open-pit mine in Sonora, Mexico, in just 12 months at a cost of US$18 million. The mine has been profitable since the first…
Clone Gold Project Shows Strength
VANCOUVER — In their latest stab at drilling the Clone gold property in northern British Columbia, partners Teuton Resources (TUO-V, TEUTF-O), Silver Grail Resources (SVG-V, SVGAF-O), and CanAsia Ind…
Magellan Eyes Coringa Gold Project’s Economics
VANCOUVER — Magellan Minerals (MNM-V, MAGNF-O) has outlined a quarter million ounces of gold in its first resource estimate at the Coringa project, in Para state, Brazil.
Bravo Grows Homestake Silver Zone
VANCOUVER — Bravo Venture Group (BVG-V, BVGIF-O) has extended silver and gold mineralization in the silver zone of its Homestake property by about 150 metres to the southeast.