Atna Resources Ltd. has been informed by Yamana Gold Inc. that it has commenced a second round of drilling on Atna’s Clover project in Elko County, Nevada. Yamana’s program at the Clover project will include up to 10 reverse circulation rotary drill holes (8,000 to 9,000 feet) to follow-up the encouraging gold and silver results [...]
MetalCORP Limited announce assay results from its recently completed prospecting exploration program on the Fearless Property. The 100% owned property (25,000 hectares) is located 20km east of the Playter Molybdenum - Rhenium deposit on the Big Lake property or 350km east of Thunder Bay, Ontario.
This initial exploration work on the Fearless property resulted in the [...]
NovaGold Resources Inc. announced that it has obtained a secured bridge loan in the amount of US$20 million from Auramet Trading, LLC. Auramet, based in Fort Lee, New Jersey, is a leading merchant banking and advisory firm specializing in the global resource sector. The proceeds of the Loan will be used by NovaGold for general [...]
NovaGold Resources Inc. announced that it has reached a binding agreement to sell its interest in the Ambler Option Agreement, representing up to a 51% interest in the Ambler copper-zinc polymetallic project, along with its early stage base metal properties in Alaska for $20 million in common shares of Mantra Mining Inc.. Under the agreement [...]
Roca Mines Inc. reports that a possible new molybdenum system has been discovered in close proximity to the recently completed Adit #2 at the MAX Molybdenum Mine.
Drilling targeted a molybdenum biogeochemical anomaly with a surface footprint of 150 metres (m) X 350 m and centered approximately 200 m north of Adit #2. Two initial holes [...]
NovaGold Resources Inc. announced that it has reached a binding agreement to sell 100% of its NovaGreenPower subsidiary for up to $40 million to AltaGas Ltd., a Calgary based energy infrastructure company. NovaGreenPower owns several development-stage run-of-river hydroelectric projects located in northwest British Columbia.
The transaction is expected to close later today, with payment to NovaGold [...]
Pinnacle Mines Ltd. (”Pinnacle”) and Tenajon Resources Corp (TSX-V:TJS; “Tenajon”) are pleased to announce that they have closed the transaction announced on April 21, 2008 and Pinnacle has now purchased Tenajon’s wholly owned subsidiary, 0781639 B.C. Ltd. (the “Corporation”). The Corporation holds an undivided 40% ownership interest in and to the Kansas Claim and a [...]
Shares of gold mining companies rose Thursday as the broader stock market gained and the price of the precious metal increased.
Gold for June delivery rose $10.90 to settle at $882.10 an ounce on the New York Mercantile Exchange.
Here is how some gold miners are trading:
Goldcorp Inc. rose $2.51, or 6.7 percent, to $39.89.
Gold Fields Ltd. [...]
Shares of gold-mining companies were mixed shortly after the opening bell Monday as the price of the precious metal edged up in European trading.
Gold traded in London at $914.70 per troy ounce, up from $906.30 late Friday.
How shares of some key gold miners fared in early trading:
Newmont Mining Co. rose 80 cents to $47.64
Barrick Gold [...]
Canadian mining giant Barrick Gold used Prime Minister Stephen Harper’s visit Wednesday to do a little damage control on its controversial mining operation in the Andes.
With a ragtag group of protesters camped outside the company’s high-rise headquarters in the center of Santiago, a Barrick spokesman blamed “professional activists” for giving Barrick — and Canada — [...]
