Thursday, January 19, 2012

MINEWEB.COM'S TOP STORIES: New mining, exploration in Nevada imperilled by potential ESA listing for Sage grouse

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TOP STORIES | Thursday , 19 Jan 2012                                                     

New mining, exploration in Nevada imperilled by potential ESA listing for Sage grouse

Federal regulators told Nevada users of public lands that a number of planning and habitat tools are available to avoid listing sage grouse as endangered species.    Thursday , 19 Jan 2012

Presidential Candidate Newt Gingrich calls for U.S. Gold Commission

Two GOP Presidential candidates, former Speaker Newt Gingrich and Rep. Ron Paul, say the U.S. should reconsider a return to a gold standard.    Thursday , 19 Jan 2012

Ivanhoe scraps poison pill, leaves Oyu Tolgoi path clear for Rio Tinto

In what can be construed as an end to a battle over Mongolia's massive Oyu Tolgoi project, owner Ivanhoe Mines has decided to cancel its controversial "poison pill", leaving Rio Tinto with the option to take over the project.    Thursday , 19 Jan 2012

Time for a new challenge - Impala Platinum CEO

Outgoing Impala Platinum CEO says after 14 years as an executive director, it is time to move on but, whoever takes over will have some uphill battles to face.    Thursday , 19 Jan 2012

India's gold duty hike stalls orders

After the Indian government announced an estimated 90% hike in gold import duty earlier this week, bullion traders avoided placing new orders on Wednesday's trading session.    Wednesday , 18 Jan 2012

Northern Freegold outlines 100mt gold-polymetallic deposit in Yukon

Northern Freegold brought home one of the bigger disseminated gold-polymetallic deposits in the Yukon with its latest resource estimate.    Thursday , 19 Jan 2012

Junior gold stocks: how to derisk your investment - Mills

How to derisk the inherently risky business of investing in junior resource companies. The Gold Report interviews Rick Mills for his views.    Thursday , 19 Jan 2012

Erdene gets deeper high-grade gold in expanding epithermal system

Erdene Resource Development outlines new drilling results from its Altan Nar project in Mongolia suggesting higher gold grades at depth.    Wednesday , 18 Jan 2012

Revisiting Jubilee Platinum

A look behind Jubiliee Platinum's trading bump by the Mail on Sunday and why some consider the shares cheap    Wednesday , 18 Jan 2012

The three real risks to continuing gold price advance

Pending the big downturn in gold, here are 3 near-term risks to beware. A slightly tongue in cheek, as ever, analysis by Adrian Ash makes some valid points.    Thursday , 19 Jan 2012

Did Mugabe's latest madness topple Impala's CEO?

Alec Hogg wonders how much of David Brown's decision to leave a R6.6m a year job as head of Impala Platinum to "pursue personal interests" has to do with the Group's Zimbabwean assets    Wednesday , 18 Jan 2012

African Barrick Gold FY production misses targets

Tanzania-focused African Barrick Gold's fourth quarter gold production fell 11%, missing its annual production targets due to power disruptions at its Buzwagi mine.    Wednesday , 18 Jan 2012

OZ Minerals set for big spend on Carrapateena

The Australian miner says it plans to spend about A$60m on the Carrapateena copper-gold project, about half of which will be used for exploration    Wednesday , 18 Jan 2012

Minera Andes' Q4 gold/silver output dips

Toronto-based Minera Andes reported Wednesday that gold and silver output at its partly owned San Jose mine was down by about a fifth due to a two-week maintenance shutdown and a fall in ore quality.    Thursday , 19 Jan 2012

Hochschild eyes 20mn silver equivalent ounces

The miner has set a production target of 20 million silver equivalent ounces this year, which is marginally lower than the 22.6 million ounces produced in 2011, owing to declining output from its Ares mine in Peru.    Wednesday , 18 Jan 2012

BHP Billiton's Australia coal rail line on track

The global miner reports that its proposed rail corridor to link more of its coal mines in eastern Australia with coastal export terminals remains on target.    Thursday , 19 Jan 2012

Yesterday's Top Story: Kinross shares nose-dive on news of Tasiast goodwill charge, project delays

Kinross shares took a beating Tuesday as news broke of possible project delays which would impact the Tasiast mine, and two of the company's major South American gold projects.    Wednesday , 18 Jan 2012

PODCASTS / RADIO                                                     

GFMS Gold Survey Update 2 - Philip Newman

Thomson Reuters GFMS's Philip Newman looks at some of the standout trends from 2011 and why the consultancy thinks we could see a drop off in prices in 2013

China's role in base metal markets - Macquarie

Macquarie's Duncan Hobbs looks at the likely impact of China's growth outlook on base metals demand.

Dividends, porphyry and the changing nature of gold stocks - Coffin

HRA's Eric Coffin speaks about the normalisation of the gold sector, the stigma of copper and why cash burn is likely to be an issue this year.

 

TORONTO, ONTARIO, January 17, 2011.  Auriga Gold Corp. (TSXV: "AIA") ("Auriga Gold" or the "Company") is pleased to report results from its Autumn 2011 drilling program at the Company's Maverick Gold Project.  The drilling continues to extend high grade mineralization in the northern part of the Puffy Lake deposit.  In this area, drill hole A3-81 intersected 1.69 meters grading 47.21 g/t gold including 0.46 meters grading 158.45 g/t gold at a depth of 98.8 meters and down-dip from the planned north starter pit.  Hole A3-84, drilled 50 meters northwest of hole 81, intersected 6.23 meters grading 7.55 g/t gold including 0.50 meters grading 29.61 g/t gold at a depth of 98.2 meters.  Auriga Gold completed a Preliminary Economic Assessment on the Maverick Gold Project in December 2011 that confirmed positive economics and pre-tax IRR of 84% (see press release dated January 5, 2012).  The Project, located 65 km northeast of Flin Flon, Manitoba, includes the past-producing Puffy Lake Mine and on-site mill, the adjacent Nokomis deposit, and recently staked mining claims covering a total of 6,640 hectares (66.4 km2).

For full release, click here... 

 

CONFERENCES

Vancouver Resource Investment Conference
Date: 22 January 2012 - 23 January 2012
Venue: Vancouver Convention Centre, Canada
Event will feature world class speakers, covering all types of direct investment in resource companies, speculative investing, resource exploration, oil & gas, green technology and clean energy, world outlook, investment strategies and more. Mineweb's Jan Chadwick, Kip Keen, will be in attendance. Read More
Mineral Exploration Roundup 2012
Date: 23 January 2012 - 26 January 2012
Venue: Westin Bayshore Hotel, Vancouver, Canada
Major mineral exploration conference and exhibition held annually in Vancouver. Mineweb's Kip Keen and Jan Chadwick are planning to attend. Read More
Mining Indaba 2012
Date: 06 February 2012 - 09 February 2012
Venue: Cape Town International Convention Centre
Africa's biggest mining and mining investment conference and exhibition held annually in Cape Town. Mineweb will be exhibiting and covering the event. Read More

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ENGINE ROOM

Editorial

Europe

Lawrie Williams, London
Geoff Candy, Groningen

Americas

Dorothy Kosich, Reno
Kip Keen, Halifax, NS

Asia and Australasia

Shivom Seth, Mumbai
Ross Louthean, Perth
Kerry Stevenson, Sydney

Africa

Christy Filen, Johannesburg


Sales and Marketing
Jan Chadwick, International
Wendy Hora, Australasia

 

Production

Lindiwe Molekoa, Johannesburg

Editor in Chief

Alec Hogg, Mooi River, SA

 

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