Agnico Eagle Has 10 Rigs Turning at El Barqueño

Agnico Eagle has reported positive drill results to the end of August from its 100% owned El Barqueño gold project in Jalisco state, west-central Mexico. From January to the end of August, 148 holes (35,646 m) were drilled at El Barqueño to define the limits of the Azteca-Zapoteca, Angostura, and Peña de Oro prospects and to explore for additional mineralized structures and extensions. As of September 21, 10 drill rigs were turning on the project.

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Oban Mining Leads Consolidation of Five Canadian Junior Companies

Oban Mining announced on June 9 the signing of binding letter agreements supporting share-exchange takeover bids by Oban of four Canadian junior gold exploration companies: Eagle Hill Exploration, Temex Resources, Ryan Gold and Corona Gold. Oban anticipated that completion of the transactions will create a leading Canadian gold exploration and development company, to be called New Oban, with major exploration assets in Ontario and Quebec.

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Barrick Makes New Gold Discovery in Chilean Andes

Barrick Gold has made a significant new gold discovery, known as Alturas, in the Andean region of Chile approximately 30 km south of the former El Indio mine. The discovery is part of a large mineralized system that extends well beyond the limits of the current drilling area. To date, 35 core holes have been completed in a 1-km2 area. Mineralization appears to be oxide in nature and geologically similar to Barrick’s Veladero mine in San Juan province, Argentina, with the potential to be of significantly higher grade.

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