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Burgin Mine - Andover Mining Corp.

Andover Mining announces earn-in agreement to develop Burgin Complex

Andover Mining (AOX.V) has announced an agreement wherein the Enirgi Group can earn a 51% interest in the entire Burgin complex in Utah, which is owned by Andover’s 83.5% owned Chief Consolidated Mining. Under the proposed terms of the JV agreement, Enirgi can obtain 51% of the Burgin complex by […]

Galician Election Results - Partido Popular

Partido Popular wins Galician elections – Good news for Edgewater

Last Sunday, the right-wing conservative Partido Popular (PP) has won the elections in Galicia, the autonomous region in Spain where Edgewater’s (EDW.V) Corcoesto Project is located. The PP – which supports the development of the Corcoesto gold mine – obtained in excess of 45% of the votes and gains 3 […]

Core logging at California

Galway Resources – Hold your shares

Last Friday, AUX announced buyout offers for both Galway Resources (GWY.V) and Calvista Gold (CVZ.TO), in a move to consolidate the area around their La Bodega-project, which they acquired through buying Ventana Gold a few years ago. AUX offers C$2.05 in cash per share of Galway Resources, and every Galway-shareholder […]

Troy Mine - U.S. Based Producer of Silver and Copper

Revett beats Q3 estimates

Revett Minerals Inc. (RVM.TO, NYSEAMEX:RVM) has announced their production numbers for the third quarter of this year. The company beats our estimated output and cash-costs. Where we expected a production of 310,000 ounces of silver at a by-product cash cost of $10.5/oz, the company was able to produce 348,000 ounces […]

Global Metals Exploration – Voting recommendation

Global Metals Exploration (ASX:GXN) will hold its Annual General Meeting on October 31st at the company headquarters in Sydney. The most important points on the agenda are the acquisition of Messina Resources (to acquire the Leonora Gold Project in Australia) and Hatua Resources (to obtain 100% of a graphite project […]

Magino - Diamond drill at work

Prodigy Gold accepts Argonaut Gold’s buy-out offer

Prodigy Gold Inc. (PDG.V) announced yesterday they agreed to merge with Argonaut Gold Inc. (AR.TO), whereby Prodigy shareholders will receive 0.1042 shares of Argonaut Gold and C$0.00001 in cash per share of Prodigy Gold. At Argonaut’s current share price of C$9.65, this implies a value of C$1.00 per Prodigy share, […]

Chaketma Phosphate Project

Celamin Holdings announces drill results at Chaketma Phosphate project

Celamin Holdings NL (ASX:CNL) has announced drill results on their Tunisian Chaketma Phosphate project. The company intersected very encouraging drill results, such as almost 40 meters in excess of 21% P2O5 and 26 meters at 22% P2O5. The grades are relatively similar to the expected grades, as outlined in the […]

The Khnaiguiyah Zinc Copper Project

Alara Resources announces updated resource estimate

Alara Resources Ltd. (ASX:AUQ) announced last Friday a new resource estimate on their 50%-owned Khnaiguiyah Zinc project in Saudi Arabia. The new resource estimate confirms there’s approximately 25 million tonnes of ore with an average grade of just over 4% Zn, for a total of 2.2 billion pounds of zinc. […]