New assays from four holes Anaconda Mining (TSX: ANX) drilled as part of its metallurgical drill program at its Goldboro gold project in Nova Scotia confirm the continuity of several high grade zones over as much as 40 metres.The drilling focused on the project's EG gold system. Highlights from the program include 42.85 grams gold over 3.8 metres from 66 metres downhole including 316.76 grams gold...Read More
Australia's Lucapa Diamond (ASX:LOM) said Thursday it had signed funding and refinancing arrangements that will allow it to reduce debt related to developing its recently commissioned Mothae mine in Lesotho, South Africa.The diamond producer has inked deals with New Azilian and Equigold, following the delivery and de-risking of Mothae, which began commercial production in December."These new r...Read More
West Virginia is dangling tax incentives for coal miners in an attempt to revive operations in the heart of Coal Country. At least one miner, Contura Energy Inc., isn't swayed just yet.Contura runs 23 surface and underground mines in the state, and incentives signed into law last week haven't yet persuaded the company to open more, Chief Executive Officer Kevin Crutchfield said. "We've got a prett...Read More
Botswana Diamonds (LON:BOD) said Thursday it had concluded drilling on the Frischgewaagt and Hartbeesfontein farms, which form part of its Thorny River diamond project in South Africa.The next step, the miner said, is to obtain the necessary regulatory approvals to start the bulk sampling program, which is expected during the second quarter of the year.Botswana Diamonds has also finished refurbis...Read More
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Gold price is driven by US bond yields, Fed interest rate expectations, and the US dollar - not supply and demand.Read full newsRead More
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