Canarc withdraws from buying Relief Canyon
Following a due diligence review of Firstgold’s bankrupt Relief Canyon gold mine in Nevada, Canarc Resource (ccm-t) has decided not to proceed with a US$11-million acquisition.
Gold
Oyu Tolgoi to produce 3 million oz. silver a year
With silver prices cruising to new heights, investor interest in the massive Oyu Tolgoi copper-gold project in Mongolia has “prompted” Ivanhoe Mines (IVN-T, IVN-N, IVN-Q) to “more widely circulate the projections for silver production that have…
Golden resource at Richfield’s Blackwater (March 02, 2011)
Vancouver – After months of encouraging drill results Richfield Ventures (RVC-V) has established a multi-million oz. gold resource at its Blackwater gold project in central British Columbia.
High-grade intersects for Temex Resources in Timmins
Exploration drilling on the 6 Vein area of the Upper Hallnor mine has returned wide core lengths of gold mineralization, Temex Resources (TME-V) says, with 9.97 grams gold per tonne over 6.70 metres including 66 grams gold over 0.8 metre (hole…
Manitou jumps on ultra high grade gold intercept
Vancouver – Shares of Manitou Gold (MTU-V) were on a tear after the company released a drill hole with staggering grades from its Kenwest property in northwestern Ontario.
Candente working to both advance and sell Canariaco Norte
Vancouver – Having sharply cut back operations during the downturn, Candente Copper (DNT-T) is coming back to life with a completed prefeasibility study, an updated resource and a new financing.
Euromax reports 2.1 million oz. gold resource in Bulgaria
Earlier this month Euromax Resources (EOX-V) released its first National Instrument 43-101 resource estimate on the Logo gold prospect at its 100%-owned Trun project in Bulgaria.
Pebble PEA makes a big splash (February 28, 2011)
Vancouver – February was a busy month for Northern Dynasty Minerals (NDM-T, NAK-X) and Anglo American (AAL-L) at their gigantic Pebble copper-gold-molybdenum project in southwest Alaska, said by many to be one of the largest undeveloped…
Entre Gold is ‘sitting pretty’
Entrée Gold (etg-t, egi-x) is “strongly undervalued” given the potential that exists for it to sell its Mongolian assets to Ivanhoe Mines (ivn-t, ivn-n) or Rio Tinto (rio-n, rio-l), Christopher Ecclestone of Hallgarten & Co. argues…
Sunridge hits more high-grade copper-gold
Sunridge Gold (sgc-v) has released its second round of drill results in two weeks, with more significant gold-copper-silver hits at its Asmara project in Eritrea.
Dundee moves forward in Bulgaria
After six years, Bulgaria’s government has granted a 30-year concession to Canada’s Dundee Precious Metals (dpm-t), bringing it a step closer to developing its Khan Krum deposit in Krumovgrad into an open-pit gold mine. But the company must…
Goldcorp sells Osisko shares for $530M
Goldcorp (g-t, gg-n) has sold its 10.1% equity interest in Osisko Mining (osk-t) for roughly $530 million.