News On the Ground
NioGold Exploration Update
NioGold Mining Corporation (TSX-V:NOX - News) (Frankfurt:NG1 - News) has provided updates on exploration drilling in the Malartic gold camp, Abitibi, Quebec.
The on-going program is intended to locate and investigate the main strands of the Norbenite-Marbanite deformation corridor on trend to the east and west of the known gold deposits. Three major shears zones are recognized in the southeast part of the Company’s Malartic property. These structures are the main controls on gold mineralization as they host the current NI 43-101 compliant resources defined at the Marban and Norlartic-Kierens deposits (News Release: January 28, 2010) and the North Zone. Continue…
Salares Lithium Survey Results
Salares Lithium Inc. (TSX VENTURE:LIT) has reported the results of the transient electromagnetic survey (TEM) completed on Salar de las Parinas. Continue…
Cornerstone Ecuador Approval Update
Cornerstone Capital Resources Inc. (TSXV-CGP) (F-GWN) (B-GWN) (OTC-CTNXF) through its Ecuador subsidiary, Cornerstone Ecuador, S.A. (“CESA”), continues to advance through the permitting process required under the new Mining and Environment Laws to re-initiate exploration activities. Continue…
Eagle Hill Assay Results
Eagle Hill Exploration Corporation (TSX VENTURE:EAG) reports that it has received the final assay results from drill hole EAG-10-196 from the Company’s first drill program at the Windfall Lake Property. Continue…
Robex Plans Wili-Wili Drilling
Robex Resources Inc. (TSX-V: RBX / FWB: RB4) has announced that it is currently planning a drilling program on the Wili-Wili and Wili-Wili West permits to test a newly identified gold target referred to as the “Hamdalaye zone” and to upgrade the highly prospective Fandou gold zone discovered in 2007. Continue…
New Dawn Increases Production in Zimbabwe
New Dawn Mining Corp. (TSX: ND) reports that gold production at its Turk Mine in Zimbabwe for February 2010 increased by 6.3%, to 1,234 ounces or 38.4 kg’s, as compared to 1,160 ounces or 36.1 kg’s produced in January 2010. Continue…
Crosshair Labrador Vanadium Results
Crosshair Exploration & Mining Corp. (NYSE Amex: CXZ) (TSX: CXX) has announced further results from the ongoing vanadium program on the Central Mineral Belt (CMB) Project in Labrador. Continue…
Mountain Lake Drill Results
Mountain Lake Resources Inc. (TSX-V: MOA) has reported that the latest analytical results from the recently completed drill program at the Valentine Lake Gold Project confirm that multiple stacked zones of gold mineralization have been intersected near surface and up dip from the current NI 43-101 compliant resource at the Leprechaun Gold Deposit (the “Leprechaun Deposit”). Continue…
U308 Uranium Intersect
U3O8 Corp. (TSX Venture: UWE), has reported significant uranium mineralization from Phase I scout drilling in the Aricheng A target in the Kurupung Batholith, in basement rocks near the Roraima Basin in Guyana. Continue…
Cream Minerals Roca Drill Results
Cream Minerals Ltd. (TSX-V - CMA) reports that it has received additional assay results from Roca Mines Inc. concerning two additional drill holes of a five hole program on the Nuevo Milenio epithermal silver-gold project. Continue…
Sultan Acquires Claim
Sultan Minerals Inc. (SUL — TSX Venture) has announced that it has entered into an agreement with Mr. Kelly Brent Funk of Nanaimo, British Columbia to acquire 100% of the rights and interest in and to the HB Mineral Claim, Tenure 693188 located at UTM coordinates 5,443,100N and 485,600E near Salmo, British Columbia, Canada. Continue…
Industry Commentary
Norman Duncan
I’ve come to the startling conclusion over the past few months that my crystal ball has a problem with timing.
The gold correction that I was worrying about came in January, rather than the usual early spring pull-back.
Continue…