NovaGold Announces Completion of US$100 Million Financing "NovaGold Resources Inc. (TSX:NG - News)(AMEX:NG - News) today announced that it has closed its non-brokered offering of 18,181,818 common shares of the Company at a price of US$5.50 per common share for gross proceeds of US$99,999,999 (the "Offering"), as announced on March 4, 2010. The Offering was made to several investment funds managed by Paulson & Co. Inc. ("Paulson") pursuant to a subscription agreement dated March 4, 2010 between the Company and Paulson on behalf of such funds. The Company's US$75 million equity financing announced on March 8, 2010 is scheduled to close on March 11, 2010." More | March 09
Minco Gold Discovers a Significant Gold Zone on the Oujiaba Property "Minco Gold Corporation (the "Company" or "Minco Gold") (TSX:MMM - News)(AMEX:MGH - News)(Frankfurt:MI5 - News) is pleased to announce the discovery of a large gold zone on its 100% owned Oujiaba property, within the Yangshan Gold Belt, Gansu Province P.R.C. The discovery has been traced for approximately 6 kilometres and has the same host lithologies as the Anba gold deposit. The Anba deposit is considered to be a Carlin-type gold deposit and is estimated to have over 10 million oz Au." More | March 09
Rubicon Provides F2 Gold System Update, Red Lake, Ontario "Rubicon Minerals Corporation (RMX.TSX: RBY.NYSE-AMEX) is pleased to provide an update of the latest diamond drilling results from its 100%-owned Phoenix Gold Project, located in the heart of the prolific Red Lake Gold District of Ontario. New drill holes have intersected numerous high-grade and broad gold-bearing intercepts which further expand the F2 Gold System where approximately 108,500 metres of drilling has been completed to date (see news releases since March 12, 2008 and http://www.rubiconminerals.com/ for details). Ongoing exploration is part of a 158,000 metre drill program aimed at testing and infilling a 1200-metre by 1600-metre target area, referred to as the '9X drill plan'. Significant new drill results are summarized below and all new results are presented in Table 1 and Figures 1 and 2." More | March 09
Apollo Gold and Linear Gold Agree to Business Combination Creating an Emerging Canadian Mid-Tier Gold Producer "Apollo Gold Corporation (TSX: APG - News) (NYSE Amex: AGT) (“Apollo”) and Linear Gold Corp. (TSX: LRR - News) (“Linear”) are pleased to announce the signing of a binding letter of intent (the “Binding Agreement”) to complete a business combination (the “Merger”) by way of a court approved plan of arrangement to create an emerging Canadian mid-tier gold producer." More | March 09
Northgate Reports Record Cash Flow from Operations in 2009 "The strong operating and financial results delivered from our mines in the fourth quarter allowed Northgate to post record annual gold production and generate record annual cash flow from operations in 2009. I am especially pleased to report that production at our Stawell mine was back on track with solid fourth quarter results, following several difficult quarters during which our underground mining team re-designed the G5L reserve area and completed development towards numerous new mining fronts while still managing to find enough ore to feed the mill." More | March 09
Kimber Resources Inc. - Agent exercises option in full in US public offering "Kimber Resources Inc. (NYSE Amex:KBX, TSX:KBR) ("Kimber" or the "Company") is pleased to announce that today it has closed the sale of 471,300 shares of its common shares ("Shares") pursuant to the exercise in full of the agent's over-allotment option (the "Option") granted to Scarsdale Equities LLC ("Scarsdale"). The Option was exercised by Scarsdale pursuant to the existing placement agency agreement (the "Placement Agreement") with the Company dated February 3, 2010 under which the Company completed a public offering of its common shares in the United States that closed on February 10, 2010 when the Company sold 3,142,000 Shares at US$1.00 per Share for gross proceeds of US$3,142,000." More | March 08
SEMAFO Reports Discovery of Two New Gold Zones at Samira Hill "The Samira Horizon remains an important mining district for SEMAFO, hence our decision earlier this year to proceed with a two-year $6,000,000 exploration program on the property," commented Benoit La Salle, President and Chief Executive Officer, "We are encouraged by these new discoveries at Samira Hill, the results of which may become part of our reserves and resources base and ultimately extend mine life. We believe that our continued exploration programs to fully define the property will ultimately benefit from existing infrastructures and contribute to increase value for our shareholders." More | March 08
Capital Gold Corporation Completes Due Diligence on Nayarit Gold "John Brownlie, Capital Gold's President and Chief Operating Officer, said the acquisition process is proceeding according to plan with the relevant regulatory document filing process to begin during the next few weeks. "In the meantime, we are reviewing options to advance the development of Nayarit's Orion deposit in the most expeditious and cost effective manner," he said." More | March 08
Timberline Advances Underground Development at Butte Highlands "Timberline Resources Corporation (NYSE Amex:TLR) ("Timberline") is pleased to announce that the underground ramp at its Butte Highlands Gold Project is steadily moving forward and has been advanced approximately 300 feet from the portal." More | March 08
Paramount Gold and Silver Corp. Discovers Second Bulk-Mineable Gold Target at San Miguel Project in new San Francisco Area as Resource Delineation Continues "Resource definition drilling is progressing successfully on a bulk-mineable gold target discovered by Paramount last December in the south San Francisco area of the San Miguel Project (see news release of January 7, 2010). A second bulk-mineable target has also been discovered in the north San Francisco area, generating some unusually high assay results." More | March 08
The content on this site is protected by U.S. and international
copyright laws and is the property of GoldReview.com and/or the
providers of the content under license. By "content" we
mean any information, mode of expression, or other materials and
services found on GoldReview.com. This includes editorials, news,
our writings, graphics, and any and all other features found on
the site. Please contact us for any further information
Disclaimer
The views contained here may not represent the views of GoldReview.com,
its affiliates or advertisers. GoldReview.com makes no representation,
warranty or guarantee as to the accuracy or completeness of the
information (including news, editorials, prices, statistics, analyses
and the like) provided through its service. Any copying, reproduction
and/or redistribution of any of the documents, data, content or
materials contained on or within this website, without the express
written consent of GoldReview.com, is strictly prohibited. In no
event shall GoldReview.com or its affiliates be liable to any person
for any decision made or action taken in reliance upon the information
provided herein.
Gold Company News
Saturday, March 25th: Bob Chapman, International Forecaster 
