Gold

Detour Gold (TSE:DGC), a gold and exploration company located in northeastern Ontario, announced that it will acquire Trade Wind Ventures, which owns a property adjacent to the Detour Lake project, for $84 million. Announcing the deal on Monday, Detour Gold said Trade Winds shareholders will receive 0.0142 of a Detour Gold share and C$0.0001 in cash for each Trade Winds share held.

Ivanhoe Mines said in a statement today that the investment agreement for the Oyu Tolgoi Project remains a fair and legally binding contract that deserves and requires the unqualified support of all parties. Media reports during the weekend quoted Mongolia's Mineral Resources and Energy Minister D. Zorigt as indicating that Ivanhoe Mines and Rio Tinto would receive a letter from the Mongolian government asking the companies to consider entering into discussions to address a possible change to the investment agreement. A reported potential proposed change would see acceleration of the government's right to increase its current 34% interest in Oyu Tolgoi to 50% by purchasing an additional 16% at fair market value at some future point, after Ivanhoe Mines and Rio Tinto recoup their capital investments in the project.

ALBUQUERQUE, NM--(Marketwire - Sep 26, 2011) - Lone Star Gold, Inc. (OTCBB: LSTG) ("Lone Star" or "the Company") is pleased to announce the Company signed a letter of intent (LOI) on September 23, 2011, committing to the acquisition of an option to purchase a 70% interest in a gold-silver project consisting of 2 properties in Mexico: San Luis and La Colorada. The ~1409-acre (570-hectare) project is located in the municipality of Ocampo, 192 miles (310 km) from the capital city of Chihuahua, in southwest Chihuahua State. Access to the project is by paved roads with the exception of the final 19 miles (31 km).

The Ottawa Citizen reports that the Ontario NDP, which is fighting a provincial election and challenging the incumbent Liberal Party, want to change the provincial mining act so more mine processing work stays in the province. The Liberal Party says such legislation would ultimately hurt the industry.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 26, 2011) - Empire Mining Corporation (TSX VENTURE:EPC) ("Empire") is pleased to report that an ongoing sampling program at the newly-identified Southwest Zone of the Demirtepe wollastonite-hosted copper-gold-silver and molybdenum project in Turkey, has identified a continuous copper-gold anomalous zone currently about 1.8 km long and up to 800 metres wide and still open to the southwest. The new Southwest Zone is located approx. 1 km to the southwest of the Main Zone.

TORONTO, ONTARIO--(Marketwire - Sept. 26, 2011) - Romios Gold Resources Inc. (TSX VENTURE:RG)(OTCBB:RMIOF)(FRANKFURT:D4R) ("Romios" or the "Company") is pleased to announce assay results from the initial portion of the 2011 drill program on the Trek Property in northwestern British Columbia. The property is located 12.0 km southeast of the Galore Creek copper-gold-silver porphyry deposit and adjacent to the Galore Creek Mining Corporation's proposed mill and tailings facilities.

Fin24 is reporting that a huge tailings dam being built in Kuma township could get kyboshed due to opposition from environmental groups, pressure groups and demands from landowners. The Kareerand tailings dam being built by First Uranium TSX:FIU, JSE:FUM 15km outside Stilfontein is a R400 million project motivated by a need to solve the ubiquitous dust cloud that currently envelops Kuma residents from 15 old tailings dams — relics from the Buffelsfontein and Hartbeesfontein gold mines — says Fin24, which describes the dam in some detail:

It may not be quite the same as hitting the local ATM, but China is making it easier for consumers to buy bullion. AFP reported on Sunday that the Beijing Agricultural Commercial Bank and a gold trading company have installed China's first gold vending machine in a busy shopping district of Beijing:

Mongolia wants to bring forward the raising of its stake in the Oyu Tolgoi copper project that’s being developed by Rio Tinto Group and Ivanhoe Mines Ltd. to 50 percent from 34 percent, according to the minerals minister. “We have sent the proposal to Ivanhoe to renegotiate the timeframe for us to increase the government stake,” Dashdorj Zorigt told reporters at Oyu Tolgoi yesterday. Such an increase is permitted after only 30 years, according to a summary of the $16 billion project agreement from London-based Rio Tinto.