Lumina Gold raises $20M to advance projects in Ecuador

Fear that Germany may not pass a crucial vote to shore up the eurozone's rescue fund savaged commodities overnight, with copper falling to its lowest level in 14 months, and taking crude oil and grains down with it. The red metal — widely considered to be a bellwether of the global economy — lost 7% of its value and sustained the second largest drop since the recession of 2008, Melbourne Age reported:

Researchers have discovered a new way to separate gold, silver, copper and other valuable metals from ore using the flotation processing method, reports MEI Online.

Temex Resources (CVE:TME) Wednesday reported additional high grade assay results over significant core widths from surface exploration drilling on the Broulan Reef Mine area of the Whitney Property in Ontario, extending mineralization to the east. Shares in the company were up 14% at 24 cents on the TSX Venture Exchange Wednesday morning.

Australia’s Green Party wants gold companies to be subject to the country’s proposed Mineral Resource Rent Tax (MRRT), Xinhua reports. The tax, […]

Central Rand Gold (JNB:CRD) is seeking help from the Pretoria High Court to keep operating after its mining license was set aside by the South African Department of Mineral Resources. On Monday Central Rand Gold, a company focused on gold prospecting and mining in the Central Rand Goldfield of South Africa, learned its mining license would be cancelled because it failed to carry through with various environmental and labour guidelines.

Pacific Gold Corp. ("PCFG") today announced that its Board of Directors has approved a share repurchase program, effective immediately. Under the program, PCFG is authorized to repurchase up to 5 million of its issued and outstanding common shares in the open market or in negotiated transactions, from time to time, depending on market conditions and other factors as well as subject to relevant rules under Untied States securities regulations.

VANCOUVER, Sept. 28, 2011 /CNW/ - ESO Uranium Corp. (TSXV: ESO), (the "Company" or "ESO") and its 50% Joint Venture (JV) partner Fission Energy (TSX-V: FIS), announce further results from its June 2011 uranium boulder prospecting and radon soil gas survey program:

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 28, 2011) - Taku Gold Corp. (the "Company") (TSX VENTURE:TAK) is pleased to announce results from detailed deep auger-type soil sampling completed over a number of grids established throughout the Sulphur property. The 536-claim (11,095-hectare) property is located approximately 45km due south of Dawson City in the Klondike gold camp of Yukon. The detailed grid sampling was completed over prospective areas identified by "ridge and spur" sampling completed in May and June 2011. The grid sampling was done at 50m sample stations on lines spaced 100m apart.

Fear crept out of the markets today and buyers came back. The S&P 500 was up 1.07% and the S&P TSX was up less than 1%. Gold futures rose to $1,652.50/oz, up 3.6 percent. On Monday, gold went as low as $1,535/oz. The overnight stock markets were also up. The Hang Seng Index was up 4.15% and the S&P ASX closed 3.64% higher.