Gold News

RSS

Australia Investing Heavily in African Mining

Australian mining companies are increasing their investment in African mines. The Foreign Affairs Minister Kevin Rudd said in a pre-recorded message to more than a thousand delegates at a mining conference in Perth that Australia was committed to sharing its mining experience.

1 Sep 2011

Rusoro Mining to Transfer Assets to Venezuelan Joint Venture

Rusoro Mining Ltd will be transferring its assets to a joint venture with a state owned company as a partner as Venezuela nationalizes gold mining. The company is the only publicly traded gold miner in the country. The nationalization of gold was announced by President Hugo Chavez this month.

From Rusoro Mining 31 Aug 2011

Northern Dynasty Looks to Sell Alaskan Copper/Gold Deposit

The Northern Dynasty Minerals Ltd company has put its 50% stake in a copper and gold deposit in Alaska up for sale.

From Northern Dynasty Minerals Ltd. 31 Aug 2011

Wolverine Minerals Commences Trenching at Dawson Range’s DDD North Zone

Wolverine Minerals has commenced a trenching program at the recently identified DDD north zone present in the Dawson range of Yukon.

31 Aug 2011

Romania Looks to Revive Ancient Gold Mine

The Romanian government is looking to revive mining at Rosia Montana which is said to be the largest gold and silver resource in Europe. However there is considerable opposition to the plans for open pit mines in the region as it will destroy ancient heritage sites and the present day environment.

30 Aug 2011

Woulfe Mining to Fast-Track Muguk Gold Mine Evalution

Woulfe Mining Corporation has decided to speed up the evaluation of the Muguk gold mine in South Korea. The mine was closed in 1997 due to a low gold not making it a viable mining operation. It is now being revived by the company.

30 Aug 2011

Resolute Mining Posts Jump in Yearly Profits

Resolute Mining has announced a net profit of $61.39 million for the year ending June 30, 2011. The company has made an impressive comeback over the last 12 months compared to the $37.17 million loss that it reported in the previous year.

From Resolute Mining Limited 30 Aug 2011

Argus Metals Completes Phase I Reconnaissance Program at Iron King Project

Argus Metals has completed the Phase I reconnaissance program at the "core" 60 sq. km claim block of the Iron King project. The company has discovered long iron magnetite outcrops trend of 2 km in the west part of the project along with a central iron unit, which is mapped to having a true width of 25 m over >300 m.

30 Aug 2011

Taku Gold Completes Deep Auger-Type Soil Sampling at Portland Property

Taku Gold has currently completed the deep auger-type soil sampling phase of the exploration campaign at the Portland property during 2011.

From C2C Metals Corp 30 Aug 2011

Vantex Resource to Drill at Moriss Zone-Galloway Project

Vantex Resources will commence a drill program at the Moriss showing, which is located in the Galloway project in Rouyn-Noranda. The company will begin the program in early September 2011.

30 Aug 2011