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Investors Flock to the Security of Gold

Economic tensions made gold process surge by 2% to a new high of nearly $ 1830 an ounce on Thursday. The bullion went for its seventh straight weekly gain hot on the heels of the Dow Jones industrial stock plunging 5% and crude oil falling 7%.

21 Aug 2011

VMS Ventures Updates on Copper Project in Manitoba

VMS Ventures has provided the details of its Copper project near Snow Lake in Manitoba.

20 Aug 2011

Sonora Resources to Buy Group of Claims Surrounding Recently Purchased Silver Properties

Sonora Resources has inked a letter of intent (LOI) to buy the claim groups contiguous to the newly purchased Ayones Property and 49 ha of the La Mazata Silver Mine in Mexico.

20 Aug 2011

NuLegacy Gold Starts Drilling Program at Coal Canyon

NuLegacy Gold has begun drilling at the Coal Canyon as part of its current 10,500 m drilling campaign at its Red Hill prospect.

20 Aug 2011

NQ Exploration Announces Drilling Results from Lac Shortt Project

NQ Exploration has released the drilling results of three holes from the Lac Shortt project, which is situated approximately 150 km to the southwest of Chibougamau in Quebec.

20 Aug 2011

Creso Exploration Reports Diamond Drilling Results from Shining Tree Area

Creso Exploration has proclaimed the results of eight drill holes, 1393 m in total, from the Matona, Tyrrell, Porphyry Lake and Hare Lake options at the Shining Tree district.

19 Aug 2011

Teslin River Resources Completes RC Drilling Program at Mustang Property

Teslin River Resources has completed a reverse circulation (RC) drilling program at the Mustang property, which is situated 20 mi southeast of Gabbs in Nevada.

19 Aug 2011

Aben Resources Starts Phase I Diamond Drilling at Justin Gold Project

Aben Resources has begun a Phase I diamond drilling program, totaling 2,000 m, at its 4,114 acre Justin gold project, located in western Yukon.

19 Aug 2011

Namibia Withdraws Planned Mining Tax Hike

The government of Namibia has withdrawn its proposed mining tax hike. Earlier in the year the Namibian government had announced a proposal to raise the mining tax rate to 44% from its current rate of 37.5 %. The Deputy Finance Minister of Namibia, Calle Schlettwein, said that the proposal had been withdrawn to increase the corporate tax on mining companies.

18 Aug 2011

Compass Gold to Acquire Remaining 49% of Africa Mining SARL

Compass Gold Corp is planning to buying out the 49% of a gold mining operation called Africa Mining SARL from Transocean Finance Pty Ltd. and Madani Diallo. Compass Gold will swap 30 million units of common shares and purchase warrants for the 49% stake in Africa Mining.

From Compass Gold Corporation 18 Aug 2011