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Columbus Gold Begins Phase II Drilling at Guild Project

Columbus Gold has begun the phase II drill program at its Guild project in Nevada. Sniper Resources, a joint venture partner of Columbus Gold, earns 51% interest primarily by starting phased yearly exploration expenses of US$2 million in total by 2012 October.

23 Sep 2011

Seafield Resources Reports Positive Metallurgical Test Work Results from Miraflores Property

Seafield Resources has reported the encouraging results from the preliminary scoping level metallurgical test work performed at the Miraflores property in Colombia.

23 Sep 2011

Southern Arc Minerals Obtains Assay Results from Mencanggah Prospect

Southern Arc Minerals has got the drilling results of the two primary holes from the Mencanggah prospect, which is located in the West Lombok project, Indonesia.

From Southern Arc Minerals Inc. 23 Sep 2011

Omagh Minerals Receives Channel Sampling Results from Omagh, County Tyrone Property

Omagh Minerals, a subsidiary of Galantas Gold, has received large, fresh and strong assay results from the channel sampling program conducted at its Joshua Vein in Omagh, County Tyrone property.

From Galantas Gold Corporation 22 Sep 2011

Orex Minerals Completes Airborne Geophysical Survey at Barsele Gold Project

Orex Minerals has reported that LeBel Geophysics and Suomen Malmi Oy (SMOY) are engaged with the follow-up ground surveys, as a result of the completion of the aerial geophysical survey for the 2,500 line-km during July 2011 at the Barsele gold project, Sweden.

From Orex Minerals Inc. 22 Sep 2011

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