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October 09, 2007
Gold, Silver Gain as Weak Dollar and Oil Rally Boost Demand
By Pham-Duy Nguyen
Oct. 9 (Bloomberg) -- Gold and silver rose after crude oil rallied and the dollar weakened against the euro, boosting the appeal of the precious metals as hedges against inflation.
Gold rose to a 27-year high on Oct. 1 after oil surged to a record and the dollar fell to an all-time low against the euro. Oil rebounded from a 2.7 percent drop yesterday, and the U.S. currency fell against the euro after gaining 0.6 percent yesterday. Before today, gold had gained 16 percent... (3 KB) |
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October 09, 2007
NY gold futures turn up early on physical buying
NEW YORK, Oct 9 (Reuters) - U.S. gold futures reversed initial losses to rise early on Tuesday on physical buying and bargain-hunting, as bullion investors continued to closely follow the currency markets ahead of the release of the Federal Reserve meeting minutes.
"We have seen some physical buying at the North American open," said Andy Montano, a director of bullion dealer ScotiaMocatta in Toronto.
"In the face of the euro, which was weaker than it was yesterday and continued to range-... (4 KB) |
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October 09, 2007
Newmont to buy Miramar Mining for C$1.5 billion
NEW YORK (Reuters) - Newmont Mining Corp. (NEM.N: Quote, Profile, Research), the world's second-largest gold producer, said on Tuesday it would buy Canadian gold company Miramar Mining Corp. (MAE.TO: Quote, Profile, Research) (MNG.A: Quote, Profile, Research) for C$1.5 billion (US$1.52 billion) to expand into the Nunavut Territory in Canada's far north.
Soaring gold prices have fueled speculation that gold mining companies would combine to capitalize on the boom.
Miramar said in a statemen... (2 KB) |
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September 12, 2007
Radius Acquires Epithermal Gold Project in Nicaragua, and Reports on Impact of Hurricane Felix
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 12, 2007) - Simon Ridgway, President of Radius Gold Inc. (TSX VENTURE:RDU - News; OTCBB:RDUFF - News), is pleased to announce that the Company has expanded its ground holdings and acquired a new gold project called La Flor, located 8km south of its new Trebol discovery in northeast Nicaragua (see press release dated May 29, 2007). The La Flor project is contiguous with Radius's Amapola and El Trebol concessions, and brings the Company's total land... (5 KB) |
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September 10, 2007
Radial Energy Announces Letter of Intent to Participate in Ecuadorian Gold Mining Projects
HOUSTON, TX--(MARKET WIRE)--Sep 10, 2007 -- Radial Energy Inc. (OTC BB:RENG.OB - News) ("Radial" or the "Company") is pleased to announce that the Company has signed a Letter Of Intent ("LOI") with Minera Del Pacifico S.A. ("Pacifico") to acquire mining assets located in the productive gold mining province of El Oro, located in the southern region of Ecuador. The LOI plans for the acquisition of a 45% ownership interest in the EMPEC floatation mill and the rights to develop two existing gold min... (3 KB) |
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September 10, 2007
Cabo Awarded 10,000 Meter Drill Contract by Rambler Metals and Mining
NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 10, 2007) - Cabo Drilling Corp. (TSX VENTURE:CBE - News; "Cabo" or the "Company") announces that Rambler Metals and Mining Canada Limited, a division of Rambler Metals and Mining PLC, has awarded the Company's Atlantic division, a contract for a minimum 10,000 meters of surface diamond drilling on Rambler's mining properties located in the Baie Verte area of Newfoundland & Labrador.
The Company will utilize one unitized Longyear Hydro 50 ... (4 KB) |
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September 06, 2007
Keegan Drills 36 m of 2.5 g/t, 44 m of 2.18 g/t, and 16 m of 3.63 g/t Gold in Large Step-Out Holes at Esaase
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Sep 6, 2007 -- Keegan (CDNX:KGN.V - News) is pleased to release the results of 9 new-step out drill holes and three depth extensions of existing holes from its resource definition drill program at the Esaase Gold Property. The drilling was successful at adding potential resource both at depth and down dip on section 10160 (e.g. 36 m @ 2.35 g/t in hole 136) as well as revealing higher grade in a large step-out to the south where hole 138 intersected 44 ... (8 KB) |
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September 06, 2007
New Dimension Resources Cenepa Project Update
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 6, 2007) - New Dimension Resources Ltd. ("Company") (TSX VENTURE:NDR - News) is pleased to provide an update on its Cenepa Project, located in northern Peru.
On September 11, 2006, the Company announced that it had attained an irrevocable right to acquire ten petitions for mining concessions totaling 10,000 hectares in northern Peru. The concessions sit south of the Ecuadorian border and along a regional mineral trend within which the significa... (3 KB) |
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September 06, 2007
Radius' Tambor Exploration Adit Returns 74.5g/t Gold Over 3.4m
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 6, 2007) - Simon Ridgway, the President of Radius Gold ("Radius") (TSX VENTURE:RDU - News; OTCBB:RDUFF - News), would like to provide an update on the Tambor gold project. Assay results have been received for sampling of the Guapinol vein in the exploration adit at the Tambor gold project in Guatemala. The vein was sampled on both sidewalls of the adit and gave results of:
- 74.5 g/t Au over 3.40m(i) from the vein on the east tunnel wall (est. ... (4 KB) |
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September 06, 2007
Mexican Silver Mines Ltd. Initiates Drilling on the Vallecillo Project
CALGARY, ALBERTA--(Marketwire - Sept. 6, 2007) - Mexican Silver Mines Ltd. ("Mexican Silver") (TSX VENTURE:MSM - News; FRANKFURT:MS2 - News; WKN:A0MSLE) is pleased to announce that a core drilling exploration program has commenced on its project covering the entire historic Vallecillo silver-lead-zinc district.
The Vallecillo district, located halfway between Monterrey, Mexico and Laredo, Texas, has been the site of silver-lead mining activities dating back to 1766. Mexican Silver has acquire... (5 KB) |
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