Diamond Mining

Gold Canyons Winter Drilling at Springpole Gold Project Produces Long Gold Intercepts and First Bonanza Grades From Portage Zone

Gold Canyon Resources Inc. is pleased to announce the return of assays from the first 5 drill holes of its Winter 2011 Diamond Drill Program at its 100% controlled Springpole Gold Project, located 110 kilometers northeast of the Red Lake Mining Camp, Ontario, Canada. Highlights include hole SP11-033 that intersected the first bonanza grade gold mineralization... 

Serengeti Resources Inc.-Mexico Exploration Update: Identifies Mineralized Systems on Two Projects, Airborne Magnetic and Radiometric Survey Planned

Serengeti Resources Inc. has released sampling results from an initial field program completed on seven mineral properties located within the states of Chihuahua and Durango, Mexico. To date Serengeti has acquired title to seven mineral properties totaling 70,762 hectares in the highly prospective Altiplano gold-silver belt of central Mexico. A 2,500... 

Candente Gold Earns 50% Interest in the El Oro Gold Project

Candente Gold Corp. is pleased to announce that it has delivered notice to Luismin S.A. de C.V. (“Luismin”), a subsidiary of Goldcorp Inc., that the Company has fulfilled all requirements necessary to exercise its option to earn an undivided 50% interest in the El Oro Gold Project, located in Mexico State, Mexico. Candente Gold has also... 

MacDonald Mines to Commence Drilling on the Butler and Semple-Hulbert Properties

MacDonald Mines Exploration Ltd. is pleased to announce it will commence a 6,000 meter diamond drill program on its Butler Lake and Semple-Hulbert Properties in the James Bay Lowlands of Northern Ontario. The 3,000 meter Butler Lake program is scheduled to commence in the third week of February, while the 3,000 meter Semple-Hulbert program is scheduled... 

Bison Gold Resources Inc. Central Manitoba Property Update: High Grade Gold Intersections from Diamond Drilling on Ogama-Rockland Trend Confirm Depth and Strike Extension of the Ogama Zone

Bison Gold Resources Inc. is pleased to announce initial results from drilling on the Ogama-Rockland trend from the company’s Central Manitoba Property. Diamond drill hole OG-10-04 intersected 2.46 metres of 37.1 g/t Au in a zone of intense alteration, shearing and quartz veining containing visible gold within a granodiorite. This drill hole intersected... 

Rainy River and Northern Superior Announce Final Phase 1 Results and Commencement of Winter Diamond Drilling at the Ti-Pa-Haa-Kaa-Ning (TPK) Project

Rainy River Resources Ltd. and Northern Superior Resources Inc. announce final assay results from the 2010 Phase I diamond drill program and the commencement of their 2011 diamond drilling and geophysical exploration program. Three thousand meters of diamond drilling is planned prior to the spring breakup. The TPK Joint Venture project is located 190... 

Valentine Lake Joint Venture intersects New High-Grade Lens at Leprechaun Gold Deposit Grading 8.15 g/t Au Uncut Over 20 Metres (TW) in Upper Zone of Deposit

Marathon Gold Corporation and Mountain Lake Resources Inc. are pleased to announce very positive results from the first 5 diamond drill holes of the 2011 Valentine Lake Property drilling campaign (see 2011 drill hole plan map on either companies’ website). The drilling has focused in the NE portion of the Leprechaun Gold Deposit and has resulted in... 

Diamond Offshore Declares Special Cash Dividend of $0.75 Per Share

Diamond Offshore Drilling, Inc. announced today that the Company has declared a special quarterly cash dividend of $0.75 per share of common stock and a regular quarterly cash dividend of $0.125 per share of common stock. Both dividends are payable on February 28, 2011 to shareholders of record on February 11, 2011. The Board reiterated its stated policy... 

Minera IRL Announces Strong 2010 Results From The Corihuarmi Gold Mine, Peru

Minera IRL Limited, the Latin American focused gold mining, development and exploration company, today announced the operating results for the December quarter and 2010 year for its Corihuarmi Gold Mine, Peru. Highlights: – Total gold production for 2010 of 32,533 ounces at a cash cost of $383 per ounce – Gold production for the fourth... 

Soltoro Resumes Drilling at El Rayo Primary Silver Project in Mexico

Soltoro Ltd. has resumed diamond drilling at the El Rayo Primary Silver Project in Jalisco, Mexico. The 5,000 meter drilling program is designed to test the Las Bolas silver deposit at depth and in-fill between some of the shallower holes. The first deep hole is intended to intercept mineralization 100 meters down dip from drill hole Ray10-46. This...