Fronteer Gold Inc (AMEX: FRG) recently reported that drilling to the northeast of the current resource area at Long Canyon continues to return broad intervals of high-grade oxide gold. The Nevada gold deposit is now 2.7-km long and remains open for expansion.
Last Trade: $6.00
Change: Up 0.04 (0.67%)
Day’s Range: 5.85 - 6.03
For more information about this company please visit http://www.fronteergold.com
Gold American Mining Corp. (SILA.OB) is a development stage company and is focusing on acquisitions of profitable mineral reserves and precious metal properties. Its Guadalupe property consists of highly regarded historical mines. These mines are located in Mexico’s oldest mining areas which are located around 5 miles of the Fresnillo Mine which is regarded as the world’s richest underground silver mine managed and operated by Fresnillo plc.
Furthermore, almost 6.8 miles to the southwest of the Guadalupe property is the world’s highest grade undeveloped silver reserve which is operated in a joint venture between MAG Silver Corp and Fresnillo plc.
SILA Guadalupe property consists of more than 20 operational and two historic mines by the name of Santa Rita and San Antonio which had produced to their optimum level between 1910 and 1920 and last produced in the 1980s.
The Company has initiated a comprehensive exploration program for its Guadalupe property including magnetic and induced polarization surveys. Finding better than expected results Gold American decided to increase the geophysics program to cover more areas of the property.
“During this new phase of exploration, we have been able to expand significantly our knowledge of the property and we are very excited about the progress. We still need to further review and analyze the data obtained to incorporate it into our geological model of the property and design the best drilling program to test it; the historical data acquired is consistent with the high-grade silver results found during our initial work program,” stated Johannes Petersen, President of Gold American.
Last Trade: $0.90
Change: Up 0.05 (5.88%)
Day’s Range: 0.81 - 0.98
For more information about this company please visit http://www.gold-american.com/
Goldcorp, Inc. (NYSE: GG) recenty agreed to support the proposed transaction whereby Thompson Creek Metals Inc. (“Thompson Creek”) will acquire all of the outstanding common and preferred shares of Terrane Metals Corp. (“Terrane”).
Goldcorp, Inc. controls 58% of the outstanding shares of Terrane through its ownership of 240 million preferred shares and 27.3 million common shares. In conjunction with the Thompson Creek acquisition of Terrane, Goldcorp has agreed to vote its securities in support of the Thompson Creek acquisition. Upon completion of the transaction,
GG will receive proceeds of C$240.5 million in cash and 13.9 million Thompson Creek common shares representing approximately 8% of the outstanding shares.
Last Trade: $39.14
Change: Up 0.38 (0.98%)
Day’s Range: 38.57 - 39.36
For more information about this company please visit http://www.goldcorp.com/
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