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Metallum Starts Exploration Campaign Covering its Silver-Gold Property’s Mineral Rights

Metallum Resources has declared that the company has begun an exploration campaign worth $CND 2.9 million that covers about 6,300 ha M-18 silver/gold property’s mineral rights at Chubut province in Argentina.

From Metallum Resources Inc. 16 Aug 2011

NuLegacy Gold Undertakes Mercury Soil Gas Survey at Red Hill Prospect

NuLegacy Gold, an exploration company based at Nevada, announced that it has added a soil gas sampling survey to its current drilling program at its Red Hill Prospect in Nevada. The prospect covers an area of 45 sq mi in Nevada’s Cortez gold trend.

16 Aug 2011

Bearing Resources Signs Agreement with Precipitate Gold

Bearing Resources, a Canadian-based company exploring base and precious metals with projects conducted in the Yukon, British Columbia, and Mexico, has declared that the company has signed an option contract with Precipitate Gold, by which Precipitate can gain up to 70% interest in Bearing’s Jay East Property, situated in the Watson Lake mining district at the Yukon Territory.

16 Aug 2011

Argus Metals Continues Diamond Drilling Program at Hyland Gold Project

Argus Metals is continuing the diamond drilling at the Hyland gold project, which is situated in the Selwyn Basin, Yukon. The company is currently drilling three holes on the SE zone for assaying.

16 Aug 2011

Bolero Resources Advances Work Campaign at White Gold Prospect

Bolero Resources is advancing the work campaign at the White Gold prospect. This prospect is situated in Yukon’s White Gold District or Stewart River region that is nearby to the newly proclaimed discoveries by Kinross Gold and Kaminak Gold.

16 Aug 2011

Gold Drives Bumper Profits for Newcrest

The acquisition of Lihir has helped raise Newcrest Mining’s profits by 63%. The company announced a profit of $908 million in the year to the end of June. In comparison the previous year profits were $557 million.

From Newcrest Mining Limited 15 Aug 2011

Dragon Mining Finds Elevated Cobalt and Rare Earths in Finland

Dragon Mining has good news from the Hangaslampi gold deposit in Finland. The exploratory drilling program at the gold deposit situated in the Kuusamo Gold project in the north of the country has found high levels of cobalt and rare earth elements in addition to the gold that it expected to find.

From Dragon Mining 14 Aug 2011