Volume 99 Number 32 Sep 23 - 29, 2013

New Dawn shuts Dalny mine in troubled Zimbabwe

Lower gold prices, operational problems and a two-year delay in approving its indigenization plan has resulted in a “serious liquidity problem” and the closure of its majority owned Dalny mine in Zimbabwe, New Dawn Mining (TSX: ND)…

A worker locates a drill site near a vineyard and convent at the Tabuaco tungsten project in Portugal, 100 km southeast of Porto. Source: Colt Resources

Colt gets positive PEA for Tabuaco tungsten project

VANCOUVER — A preliminary economic assessment (PEA) says the tungsten mine that Colt Resources (TSXV: GTP) is planning at its Tabuaco project in northern Portugal works on paper. It’s a vote of confidence for Colt to expand the…

Visitors entering the Santa Elena mine portal  in Sonora, Mexico. Source: SilverCrest Mines

SilverCrest’s drilling success at Santa Elena

VANCOUVER — Following a successful second quarter, producer SilverCrest Mines (TSXV: SVL; NYSE-MKT: SVLC) had more good news for investors in the form of drill results from its flagship Santa Elena silver-gold mine in Sonora, Mexico. The…

Miners walk along underground tunnels at the Cigar Lake project in Saskatchewan. Source: Cameco

Cameco delays Cigar Lake

Cameco (TSX: CCO; NYSE: CCJ) expects a six-month delay at its 50%-held Cigar Lake uranium project in northern Saskatchewan, as more work needs to be done at the mine and mill to ensure uranium can be safely extracted and processed.

Gabriel takes one step forward, two steps back

Just when Gabriel Resources (TSX: GBU; US-OTC: GBRRF) looked to be getting new traction on developing the Rosia Montana gold mine in Romania, a spate of protests appears to have turned the country’s prime minister against the project.

Exploration personnel at Detour Gold's Detour Lake gold project in Ontario. Source: Detour  Gold

Detour Lake drilling yields new gold structure

VANCOUVER — Ontario-focused miner Detour Gold (TSX: DGC; US-OTC: DRGDF) pleasantly surprised markets in August when it reached commercial production ahead of schedule at its wholly owned Detour Lake gold mine, which lies 185 km northeast…

Belo Sun’s permits in question

Permitting issues may be brewing around Belo Sun Mining’s (TSX: BSX; TSXV: BSX) flagship Volta Grande gold project in Brazil’s northern Para state, according to recent media reports.   

The view from Pilot Gold's new Karaayi property, looking east towards the TV Tower gold project in northwest Turkey. Source: Pilot Gold

Pilot Gold sees district-scale potential in Turkey, Nevada

VANCOUVER — Pilot Gold’s (TSX: PLG; US-OTC: PLGTF) large TV Tower property in Turkey has returned a stream of promising drill results over the past few months, including well-mineralized intercepts from the project’s silver…