Canaco enters agreement for development of Magambazi

Canaco Resources Inc has entered into a memorandum of understanding with a Chinese gold producer, to create a joint venture to develop Canaco's Magambazi project in Tanzania.

Marketwire - Mining and Metals | August 2, 2012 | 1:00 am

High Desert Gold provides update on next series of drill results, discovery of new gold zones and increased ownership on the Gold Springs project

The company highlights findings from the Etna area with 9 metres of 1.7 g/t gold eq within 40 metres of 0.6 g/t gold eq, including 1.5 meters of 5.2 gt gold eq.

Marketwire - Mining and Metals | August 2, 2012 | 12:59 am

Tyhee announces closing of additional tranche non-brokered private placement

The company issued 4,000,000 units at a price of $0.09 for gross proceeds of $360,000. Together with the previous placement on April 17, 2012, 19,719,209 units were sold for aggregate gross proceeds of $1,774,370.

Marketwire - Mining and Metals | August 2, 2012 | 12:24 am

Sienna Gold Inc.: continued success at Callanquitas: 12.7 meters at 5.1 grams per tonne gold and 1163 g/t silver

The company's claim comes after drill results such as their drill hole CA-12-55 which unearthed 5.1 g/t gold and 1163 g/t silver at 12.7 meters.

Marketwire - Mining and Metals | August 2, 2012 | 12:20 am

Uranerz’ George Hartman to retire

Executive vice president, chief operating officer and director of the company, George Hartman, has announced his retirement effective September 15, 2012.

Marketwire - Mining and Metals | August 1, 2012 | 1:00 pm

Nautilus to raise funds and continue equipment build

The company plans to raise approximately $34 million through a private placement of 37.7 million shares at a price of $0.90 per share to assist with the continued funding of its Seafloor Production System.

Marketwire - Mining and Metals | August 1, 2012 | 12:47 pm

Baja Mining announces director resignations

Baja Mining reports that Stephen Lehner and Ken Murphy, who joined the board in May, have resigned from Baja's board.

Marketwire - Mining and Metals | August 1, 2012 | 12:40 pm

Olympus updates second quarter gold production and changes its financial year-end

The company's Chief Executive Officer, John Seton, reports that second quarter calendar year 2012 gold production of 7,839 ounces was lower than projected.

Marketwire - Mining and Metals | August 1, 2012 | 2:30 am

Ascot Resources continues to expand a large gold system in the Big Missouri area

After announcing their drill results, Ascot Resources states that the drilling program "continues to expand and confirm the property has potential for both bulk tonnage and higher grade underground gold/silver targets."

Marketwire - Mining and Metals | August 1, 2012 | 1:53 am

Silvercorp reports intercept of 10.87 meters grading 715 grams per tonne silver, 6.85% lead and 1.52% zinc at the SGX mine, Ying Mining district, Henan province, China

The company reports intercept of 10.87 meters grading 715 grams per tonne silver, 6.85% lead and 1.52% zinc at the SGX mine, Ying Mining district, Henan province, China

Marketwire - Mining and Metals | August 1, 2012 | 1:30 am

Entourage metals updates exploration results, Hemlo Greenstone Belt

The report outlines a 1 meter find of 2.51 gpt Au (653.0 m to 654 m) in intermediate volcanics.

Marketwire - Mining and Metals | August 1, 2012 | 1:22 am

Elgin Mining Inc. announces appointment of chief operating officer

The old COO for New Gold Inc has been appointed as chief operating officer, effective today, for Elgin Mining.

Marketwire - Mining and Metals | August 1, 2012 | 1:01 am

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