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Eco Oro Minerals Continues to Intersect Significant Gold at Mongora Target

Eco Oro Minerals has been intersecting considerable values of gold continuously through the diamond drill program conducted at the Mongora target, which is situated 3 km to the southern part of its Angostura gold deposit, northeast Colombia.

22 Sep 2011

Castle Resources Reports Encouraging Results from Granduc Copper Project

Castle Resources has reported the encouraging results of third set of drill cores from the current 35,000 m surface exploration that was conducted at the Granduc copper project, B.C.

22 Sep 2011

Newmont Mining CEO Says Gold Will Reach $2,300 in 2012

Newmont Mining Corp feels that the price of gold may reach $2,300 by 2012. The Chief Executive Officer of Newmont Mining, Richard O’Brien said that the turbulent financial markets will see investors buying gold as a hedge.

From Newmont Mining Corporation 21 Sep 2011

Australia Expecting $215 Billion in Resources Revenue

Australia’s export earnings from the resources and energy sector are likely to hit a record high of $215 billion as per official forecasts. The Bureau of Resources and Energy Economics forecast in its last quarterly report that a 21% increase was expected in the 2011-2012 export earnings.

21 Sep 2011

Corvus Gold Updates on Exploration at Terra Gold Project

Corvus Gold has updated the completed exploration works at the Terra Project, West Alaska. WestMountain Index Advisor, join venture partner of Corvus, has completed 544 m of drilling, totaling four holes, and validated the additional expansion of the present Ben Vein system, which stays open along strike and at depth, for 200 m towards the northern side.

21 Sep 2011

Sagebrush Gold Obtains Further Mining Claims from Centerra Gold

Sagebrush Gold has leased 24 mining claims from Centerra Gold. The location of these unpatented mining claims are in the Mt. Springs Mining District, Nevada, and contiguous to the Red Rock 283 claim group, which was purchased by Sagebrush Gold in June, 2011 and began 16,000 ft drilling campaign, totaling 9 holes, in August, 2011.

21 Sep 2011