Daily Metal Market News & Metal Prices
 
Daily Metal Prices & Market News
Wednesday 08th of February 2012
Friday, July 11, 2008

Cabo to drill for Richmont in Colorado

Cabo to drill for Richmont in Colorado

Cabo Drilling Corp., a drilling services company headquartered in North Vancouver, British Columbia, Canada, says that its Pacific division, Cabo Drilling (Pacific) Corp., has won a contract from Richmont Mines USA, a subsidiary of Richmont Mines Inc, of Rouyn Noranda, Quebec, to complete a minimum of 5,000 meters of NQ2 underground drilling at the Golden Wonder Project located near Lake City, Colorado.

Cabo plans to commence the drilling within the month.

The Richmont Mines want to explore and define high-grade gold bearing vein structures at the Golden Wonder Project, which is a past producing high-grade, epithermal deposit, with veins averaging two to three feet in width.

On November 12, 2007, Richmont Mines had signed an agreement with LKA International Inc., to acquire 50% stake in Golden Wonder Project at a cost of US$ 3 million.

 


Related posts to: Cabo to drill for Richmont in Colorado

Richmont, Mountain Lake to advance the valentine lake gold project ...

Colorado Goldfields hires Geological Engineer ...

Bluerock announces non-brokered private placement ...

AngloGold Ashanti acquire Golden Cycle Gold Corporation ...

West High Yield releases latest 2007 drill results ...

Latest Metals News:

Latest News  Gold ends session lower in New York, but gains on week

Latest News  Gold prices retreat after setting new intraday high

Latest News  Gold closes at $1,666 per ounce in New York trade

Latest News  Gold prices at new records on disappointing US data

Latest News  Gold prices lower but comes off session lows on manufacturing data

Latest News  Gold sets new intraday, closing highs to end trading week in New York

Latest News  Copper rises; precious metals prices see declines

Latest News  Gold prices drop on profit-taking, stronger US dollar

Latest News  $1,616.80 per troy ounce: Another record high for gold

Latest News  Gold trades as high as $1,624.30 per ounce in New York


Previous: «
Next: »

Visited 3637 times, 1 so far today

Gold ($/troy ounce):

Silver ($/troy ounce):

Platinum ($/troy ounce):