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Ecuador Stalls on Deal with Kinross Over Fruta del Norte Gold

Ecuador does not want to sign a mining deal with Kinross if it means re-negotiating terms, said the Energy Minster, Wilson Pastor. However the Canadian mining company wants to re-negotiate the terms of a tentative agreement for the Fruta del Norte gold project.

19 Feb 2012

RBA Says Mining Boom Good for All Australia

As per the Reserve Bank of Australia’s Deputy Governor, the mining boom has benefited more than just Western Australia and Queensland.

19 Feb 2012

Paramount Gold and Silver Reports High-Grade Assay Results from San Miguel Project in Mexico

Paramount Gold and Silver, a US-based exploration and development company, has announced high-grade assay results from two new drill holes in the Veronica-Santa Clara mega structure at its San Miguel Project located in México. The company is continuing exploration activities at the San Miguel Project.

18 Feb 2012

El Tigre Silver to Conduct Core Drilling Program at Gold Hill Target

El Tigre Silver has announced that its 2012 drilling program at the El Tigre silver project will now examine the Gold Hill target by mid-March. The project is situated on concessions, a portion of El Tigre’s 431 sq. km concession ownership in Sonora, Mexico.

18 Feb 2012

Invenio Resources to Begin Diamond Drilling Program at Ganes Creek Gold Project in Alaska

Invenio Resources, a Canada-based exploration company, declared that a diamond drilling program will be conducted at the Ganes Creek gold project situated in Southwest Interior Alaska. The drill program has been planned to examine about 1.2 km of the 11.5 km-long Yankee-Ganes Creek gold trend. It will also target the two zones inside the Main Ridge region. The company can earn a 100% interest in the project.

18 Feb 2012

Condor Resources Encounters Encouraging Results from San Martin Project

Condor Resources has declared that it has obtained the second and third diamond drill hole results from the San Martin project in South Peru. The location of the hole SMA-002 was around 80 m towards the northern part of the hole SMA-001, and focused on the continuous depth returning positive silver assays from the surface chip-channel samples.

From Condor Resources Inc. 18 Feb 2012

Calibre Mining Reports Phase II Additional Results from Riscos de Oro Project

Calibre Mining has declared that it has received additional results of the phase II delineation diamond drilling preformed at the Riscos de Oro epithermal project in Northeast Nicaragua.

From Calibre Mining Corp. 18 Feb 2012

Strait Gold Receives Approval for Drilling Program at Alicia Project

Strait Gold has announced that Teck Peru, a subsidiary of Teck Resources, has given the approval for a primary 15 hole drilling program at its Alicia project in Peru. The total cost of the exploration is $2 million. Based on the results, the company has planned to drill additional 30 holes.

17 Feb 2012

Consolidated Goldfields Announces Assay Results from Cahuilla Gold-Silver Project in California

Consolidated Goldfields has declared the additional assay results from its reverse circulation (RC) drilling program conducted at the Cahuilla gold-silver project located in Imperial County, California.

17 Feb 2012

Bonaparte Resources Reports 2011 Surface Exploration Results from Hooch Property in Yukon

Bonaparte Resources has declared results from the 2011 surface exploration program conducted at its Hooch property in southwest Yukon. This property is located 25 km south-southeast of the Hopper property and 14 km east of the Aishihik Lake road.

17 Feb 2012