Articles Tagged "Gold Company News"

Goldsource Begins Construction at Eagle Mountain Gold Project

Gold – Goldsource Mines Inc. (TSXV:GXS,FWB:G5M) announced it has began construction at its Eagle Mountain gold project in Guyana, South America. The Phase I development will include a 1,000 tonnes per day open pit - gravity plant for am eight year life of mine with an estimated pre-production capital cost of US$5.9 million and an expected cash operating cost of US$480 per ounce of gold.

Algold Resources Assay Results: 57.2 g/t Gold from Legouessi

Gold – Algold Resources Ltd. (TSXV:ALG) reported assay Results including 57.2 g/t Au in rock chips and values of up to 7.3 g/t Au over two metres from its Legouessi property in Mauritania. Results have indicated that the gold mineralized system is present in numerous zones between Caracal holes NL03 and NL08 and has a northeasterly lateral extension of a minimum of 600 metres.

Bravada Gold Signs LOI with Goldspike Exploration for North Lone Mountain Property in Nevada

Gold – Bravada Gold Corporation (TSXV:BVA,FWB:BRT) signed a Letter of Intent with Goldspike Exploration Inc. for exploration on the North Lone Mountain property in Nevada. The agreement allows Goldspike to earn a 50% interest in the property by funding a work program of US$150,000 over two years, after which the companies will form a joint venture to further explore and develop the property. During the earn-in period, Bravada will be operator.

Richmont Mines COO Resigns

Gold – Richmont Mines Inc. (TSX:RIC,NYSEMKT:RIC) announced that President and CEO Renaud Adams will be overseeing operations and development currently underway at the Island Gold Mine in Ontario. This is due to the resignation of Chief Operating Officer Rosaire Emond effective March 6, 2015.

Pacific Booker Minerals Asked by BC Environmental Assessment Office to Comment on Mount Polley Investigation

Gold – Pacific Booker Minerals Inc. (TSXV:BKM,NYSEMKT:PBM) has been requested by Doug Caul, Associate Deputy Minister, BC Environmental Assessment Office to provide comments on the Mount Polley Investigation and Report in relation to the Morrison project in BC. Klohn Crippen Berger is preparing a response in behalf of Pacific Booker Minerals.

Tarsis Resources, Estrella Gold Enter Lockup Agreement

Gold – Tarsis Resources Ltd. (TSXV:TCC) entered into a lockup agreement with the officers, directors, and large shareholders of Estrella Gold Corporation (TSXV:EST). Under the agreement, the parties agreed to refrain from selling or transferring an aggregate of 22,907,325 shares of Estrella's common stock they own, which represents 49.1% of the total issued and outstanding Estrella's shares, until the Plan of Arrangement between Tarsis and Estrella has been completed and the new entity, Alianza Minerals Ltd., is formed.