Sunridge Gold Corp. announces that it has received a termination notice from Antofagasta Minerals S.A. (“Antofagasta”) effective May 11, 2011 terminating the Option Agreement between Sunridge and Antofagasta on the “Exploration Areas” of the Company’s Asmara Project. [Read more...]
Sunridge Gold Announces Termination of Antofagasta Exploration Option Agreement, Asmara Project, Eritrea
May 12, 2011 By Leave a Comment
Douglas Lake Expands Geophysical Surveys at Magambazi and Kwandege
May 12, 2011 By Leave a Comment
Douglas Lake Minerals Inc. is pleased to report on continued exploration at its wholly owned Handeni gold project in eastern Tanzania. The Company is currently exploring four contiguous prospecting licenses, totaling 800 square kilometers, which are strategically located immediately adjacent to Canaco Resources’ Magambazi gold project.
Recent ground geophysical exploration work completed by Douglas Lake has focused on two areas that will be the subject of diamond drilling during 2011. These include the eastward extension of the Magambazi mineralization and at the Kwandege gold prospect. [Read more...]
Formation Metals Idaho Cobalt Mine Construction on Track for Q2, 2011
May 12, 2011 By Leave a Comment
Formation Metals Inc. announced today that its 100% owned subsidiary, Formation Capital Corporation, U.S., (the “Company”) has provided Formation with an update on its 100% owned Idaho Cobalt Project (“ICP”). Pursuant to Formation’s news release dated April 6, 2011, the Company’s Project and Construction Managers JDS Energy & Mining Inc. (“JDS”), have now been fully integrated into the Company’s management, in-house and out-sourced engineering, technical and administrative teams at both the ICP’s mine site in Salmon, Idaho, and Cobalt Production Facility (“CPF”) in Kellogg, Idaho. The pre-construction activities on the ICP are continuing with site earth works scheduled to begin in late May, 2011. [Read more...]
CORRECTION FROM SOURCE: Elissa Resources Prepares to Drill Sage Creek Gold Project, Idaho
May 12, 2011 By Leave a Comment
A correction from source is being issued with respect to the release sent out today at 8:01 AM ET. The location of the Sage Creek project was erroneously listed as Nevada, the project is located in Idaho.
Elissa Resources Ltd. reports that it is in final stages of preparations for a 600-metre drilling program at its Sage Creek Gold Project, in east-central Idaho, U.S.A. The program will commence as soon as snow cover at the project recedes to allow access by the drill crews. [Read more...]
Dynasty Gold Announces Golden Repeat, Nevada 2011 Exploration Program May 10, 2011
May 10, 2011 By Leave a Comment
Dynasty Gold Corp. is pleased to announce its planned summer 2011 exploration program for the Golden Repeat property located in the Midas Region of Nevada. The Company signed a definitive earn-in agreement for the property on January 12, 2011 (please refer to the December 10, 2010 Stockwatch news release). The Company plans a staged drill program on the property. The proposed first phase drill program consists of 1,230 meters of drilling. It is designed to follow-up previous drill intercepts on the eastern portion of the Golden Repeat property. Romarco drilled a total of seven drill holes on the Golden Repeat property in the 1990′s. Several of these drill holes intercepted anomalous gold values up to 2.410 ppm Au. These intercepts are at a relatively high stratigraphic level. [Read more...]