Articles Tagged "Gold Company News"

Scorpio Gold Reports Results from 2014 Surface Drilling, Begins Underground Drill Program at Goldwedge

Gold – Scorpio Gold (TSXV:SGN) has commenced underground drilling on its Goldwedge Project in Nevada, and announced results from its surface drill program in 2014. Some drill highlights from the 2014 program include 1.52 m of 18.72 g/t gold, and 1.52 m of 11.79 g/t gold. The 2015 underground drilling program aims to intersect trending mineralized zones perpendicular to the N60W, and to provide better information for ongoing geological modelling that for future exploration drilling.

Source Exploration Extends Options for 2 Las Minas Concessions

Gold – Source Exploration Corp. (TSXV:SOP) has extended its option agreement for the Pueblo Nuevo and La Luz 1 concessions, at its Las Minas property, for two years. The new agreement extends the term to May 3, 2017, under the following terms: US $12,500 cash consideration and US $12,500 in common shares of Source upon acceptance of the TSX Venture Exchange; US$12,500 cash and US$ 12,500 in common shares of Source on April 22, 2016; and a reduced US$150,000 final option payment extended to May 3, 2017.

Orex Minerals Restarts Drilling Program at Coneto Gold-Silver Project in Mexico

Gold – Orex Minerals Inc. (TSXV:REX) along with project partner Fresnillo Plc (LSE:FRES) announced that drilling has commenced on a Phase IV exploration diamond drilling program at the Coneto gold-silver project in Durango, Mexico. The program will consist of approximately 4,500 meters of drilling.

Columbus Gold Announces Updated In-pit Gold Resource and Increased Grade at Paul Isnard Project, French Guiana

Gold – Columbus Gold (TSXV:CGT) reported an updated mineral resource estimate from drilling at its Montagne d'Or deposit at its Paul Isnard project in French Guiana. The resource consists of 3.8 million ounces in indicated resources and 1.08 million ounces in inferred resources at a breakeven gold cut-off grade of 0.40 grams per tonne.