Golden Star Appoints John Labate as Chief Financial Officer "Mr. Labate has held numerous positions in the mining finance and accounting field. Most recently, John was Chief Financial Officer for Constellation Copper Corporation. His previous experience includes Vice President and Chief Financial Officer of GeoBiotics, Inc. and Crown Resources Corporation. Mr. Labate also served at Bond International Gold as Controller and in various accounting positions at Anaconda Minerals Company." More | August 20
Keegan Announces Appointment of Environmental Manager and Provides Project Updates "Keegan Resources Inc. ("Keegan") (CDNX:KGN.V - News)(KGN - News) is pleased to announce that it has contracted Graham Johnson to be its Health, Safety, Environment, and Community Manager. Mr. Johnson was formerly a Principal with Coffey Natural Systems in Perth, Australia where he led environmental and community baseline studies for various mining and exploration companies throughout Australia and Africa." More | August 20
Nevsun Resources Ltd.: Management Appointments "Nevsun Resources Ltd., (Toronto:NSU.TO - News)(NSU - News) ("Nevsun") is pleased to announce an executive management re-structuring and the appointment of an Executive Vice President with responsibility to take the Company forward to develop the Bisha Project in Eritrea." More | August 19
Aurelian Update on FDN Infill and Other Drill Results from Condor Project "Aurelian Resources Inc. (TSX:ARU - News) today announced additional drill results from the Fruta Del Norte ("FDN") gold-silver deposit discovered in its Condor Project in southeastern Ecuador. The majority of the results are from infill holes in the central high grade part of the system (9583300N to 9583700N). These new data come from exploration activity that was completed prior to the April 2008 suspension of activities but on which QA/QC, verification and review have just been completed. Aurelian also reported on other drilling on the Condor project to the east and the west of FDN." More | August 19
Fronteer Discovers New High-Grade Gold Zone at Long Canyon, Nevada "Fronteer Development Group Inc. ("Fronteer" or the "Company") (Toronto:FRG.TO - News)(FRG - News) is pleased to announce the discovery of a new zone of high-grade gold mineralization at its Long Canyon Project in Nevada." More | August 19
Banro intersects 29.00 metres grading 5.59 g/t Au, 7.70 metres grading 18.58 g/t Au and 13.50 metres grading 9.14 g/t Au in Pre-Feasibility Drilling "Banro Corporation ("Banro" or the "Company") (AMEX - "BAA"; TSX - "BAA") is pleased to announce further results from the Company's pre-feasibility, infill core drilling program at its wholly-owned Namoya project, located on the Twangiza-Namoya gold belt in the Democratic Republic of the Congo (the "DRC")." More | August 19
Anatolia receives Copler forestry permit "Anatolia Minerals Development Limited ("Anatolia" or the "Company") (TSX: ANO - News) announces the Company has been notified that the forestry permit for its Copler Gold Mine has been approved by the General Directorate of Forestry, a division of the Turkish Ministry of Environment and Forestry ("MoEF"). The permit grants the lease of forestry lands for use in the mining operation through the life of the project. This is the final major pre-construction permit needed for Copler." More | August 19
Angloplat say mines running after two workers die "South Africa's miners union said on Tuesday that two workers died at Anglo Platinum's (AMSJ.J: Quote, Profile, Research, Stock Buzz) mines, but the world's top platinum producer said it had not shut its operations after the incidents.
South Africa, the world's top source of platinum and a major gold producer, has an appalling underground safety record. The government has routinely shut down operations temporarily after deaths so that companies can probe mine safety or make repairs." More | August 19
LGL's (Lihir Gold) First Half Year Fiscal 2008 Financial Results "Lihir Gold Ltd (Toronto:LGG.TO - News)(ASX:LGL.AX - News)(Other OTC:LIHRF.PK - News) ("LGL") is pleased to announce the release of its Financial Results for the six month period ended June 30, 2008. Documents relating to these results, including the Financial Results, Management Discussion and Analysis and an overview presentation will be available on SEDAR shortly at (http://www.sedar.com) and on the Company's website: www.LGLgold.com. Also, a recording of the Company's discussion of these results is available on LGL's website." More | August 19
Argentina taxman holding up major gold mine: Chile "It is Argentina's taxman, and no longer environmental or terrain issues, that is holding up development of Pascua Lama, one of the world's last known mega-gold finds, neighboring Chile charged on Monday." More | August 18
Banro Files NI 43-101 Technical Report on Twangiza Pre-Feasibility Study "The current exploration at Twangiza commenced in October 2005. A preliminary assessment study of Twangiza was completed in July 2007. This study was advanced to a Pre-Feasibility Study, the results of which were released by the Company by way of a press release dated July 7, 2008. The focus is now to further improve Twangiza's economics by expanding the resource base, completing the infill drilling program by the end of October 2008, as well as optimizing various aspects of the project, more specifically the processing route, the engineering designs, as well as the hydro electric power plant." More | August 18
Timberline Announces Third Quarter Results "Overall, for the quarter ended June 30, 2008, Timberline reported revenue of $9.70-million compared to revenue of $4.80-million in the same period in 2007. Inclusive of the non-cash, severance and inventory charges, the net loss for the period was $2.62-million compared to a net loss of $0.92-million for the same period a year ago." More | August 15
Paramount Gold and Silver Corp. Update on Strategic Alliance With Mexoro Minerals "Paramount Gold and Silver Corp. (PZG - News) (Toronto:PZG.TO - News) (Frankfurt:P6G.F - News) (WKN: A0HGKQ) advises that certain provisions of its Strategic Alliance with Mexoro Minerals have recently lapsed, including Paramount's right of first refusal on financings. As Paramount holds convertible debentures in the amount of $1,370,000 resulting from advances made to Mexoro Minerals to fund exploration under the Strategic Alliance, Paramount has agreed to defer interest payments on the advances until September 10, 2008, during which the parties will continue discussions to restructure certain terms of the agreement." More | August 15
Harmony posts year loss, wary of further gold falls "Harmony Gold (HARJ.J: Quote, Profile, Research, Stock Buzz), the world's No. 5 gold producer, moved to a full-year net loss and said on Friday it might have to implement cost cuts if gold prices slid further.
Gold has lost nearly a quarter of its value since hitting a record $1030.80 in March, hurt by profit-taking, oil's decline and more recently the dollar's rally." More | August 15
Harmony Gold swings to loss while production rises "Harmony Gold Mining Co., Africa's third-largest producer of the precious metal, Friday said it swung to a loss in the financial fourth quarter despite a recovery in gold production from the previous three months." More | August 15
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Gold Company News
Saturday, March 25th: Bob Chapman, International Forecaster 