Gold Canyon hits long gold intercept
Gold Canyon Resources (GCU-V) found some light on an otherwise cloudy time for markets as it struck a significant amount of gold near Red Lake, Ont.
News
Federal government funds ‘CAT scan for the earth’
The Canadian government is spending $1.8 million to fund a new geophysical survey technology from Vancouver called muon geotomography.
People (March 28, 2011)
Andean American Gold – Shafiq Gulamani resigned as a director.
Termites lead explorers in Mali to gold
Nicknamed “geozoology,” or “termite geochemistry,” mineral exploration companies in Mali are still turning to termites as an important tool in the search for gold deposits. By sampling termite mounds, which often tower more than two metres high…
Aurizon’s Q4, year-end profits drop
Aurizon Mines (ARZ-T, ARK-X) reported lower fourth-quarter and annual profits for 2010 as it wrapped up a tough year at its flagship Casa Berardi gold mine in northwestern Quebec.
Ethiopian Potash upbeat about the Danakil Depression
Despite lingering concerns in North America and Europe over a slower-than-expected economic recovery, there appears to be little worry left in Ethiopia’s potash-rich Danakil Depression.
Minera Andes makes headway at San Jose mine (March 28, 2011)
Exploration drilling in and around the San Jose underground mine last year uncovered 7.5 km of new high-grade silver-gold veins, a 44% year-on-year increase in the cumulative strike length of all the known veins at the mine, Minera Andes…
Lima connections help Dia Bras acquire Yauricocha mine
Using the contacts of director Alberto Arias, a former Goldman Sachs (GS-N) analyst turned resource investor with a well-connected mining family in Peru, Dia Bras Exploration (DIB-V) has penned a US$310.2-million deal to acquire Sociedad Minera…
Columbus sets sail for French Guiana (March 28, 2011)
France is hardly considered a hotbed of mining potential, but Columbus Gold (CGT-V) sees the part of the country tucked away in the South American jungle as just that.
First Mexican finds gold and silver at Guadalupe
Recently-listed First Mexican Gold (FMG-V) has released good gold-silver assay results from shallow scout drilling at its Guadalupe project in Mexico’s Sonora state.
El Morro’s EIA gets the green light (March 28, 2011)
Chilean authorities have approved El Morro’s environmental impact assessment, joint-venture partners Goldcorp (G-T, GG-N) and New Gold (NGD-T, NGD-X), report.
Yellowhead reviving B.C. copper project (March 28, 2011)
Recently listed Yellowhead Mining (YMI-V) is resurrecting the Harper Creek copper project in central British Columbia, building on a deposit that was discovered over 40 years ago.