California Mining News

Shares in first California Mother Lode mine in 55 years soar 180%

TSX-Venture junior Sutter Gold Mining cannot explain the sudden surge in more than 10-times usual trading volumes.

Massive gold nugget for sale in California

It's expected to fetch in the $400,000 range.

Buried treasure: Family, dog find rare gold coins worth $10 million

'It is believed to be the greatest buried treasure ever unearthed in the United States.'

Construction begins on the world’s largest solar power development

MidAmerican Solar and SunPower Corp. have begun construction on the 579 megawatt Antelope Valley Solar Project.

California's Long Beach port starts new iron ore shipments

The operation is the only exporter of the raw material on the West Coast.

Miners dredge up more than gold in California

State officials are deliberating the ban on the technique.

Los Angeles declares no more coal use by 2025

City plans to consume more natural gas and renewable energy resources.

Zinc key ingredient to make the ultimate portable battery

The innovation could enable a completely new generation of devices, known so far as wearable electronics.

SEC files fraud charges against California-based gold miner

The SEC is accusing Nekekim Corp. and its CEO of deceitfully luring hundreds of investors to spend $16 million on a fruitless gold mining venture.

Consolidated Goldfields Corporation : Consolidated Goldfields receives drill results including 128.0m of 1.26 g/t gold from 13.7m to 141.7m including 12.2m of 3.50 g/t gold

Consolidated Goldfields receives drill results including 128.0m of 1.26 g/t gold from 13.7m to 141.7m including 12.2m of 3.50 g/t gold

Timmins Gold intersects 9.14 meters of 10.5 gpt gold in ongoing drill program at San Francisco gold mine

The company reports intersects of 9.14 meters of 10.5 gpt gold in an ongoing drill in California.

Molycorp announces start of Californian rare earth operations

Molycorp Inc. (NYSE:MCP) has announced that its new Project Phoenix heavy rare earth concentrate facilities situated at Mountain Pass in California have commenced operation, marking the beginning of the US company's bid to challenge Chinese […]

Baja Mining stocks surge 77% on Korean consortium's $90mln payment

Shares in Vancouver-based Baja Mining Corp. (TSX:BAJ) have surged following confirmation from the company that a Korean consortium has paid USD$90 million to become a 51% owner of Baja subsidiary Minera y Metalurgica del Boleo S.A. de .C.V. (MMB)

Calvista resource estimate update in progress

The company provides an update on recent exploration and development activities at its wholly-owned California project.

Emgold completes re-pricing and extension of warrants

A total of 11.8 million warrants, the original exercise price of which was $0.35, have been re-priced at $0.15 per share and been given a 12 month extension.

Consolidated Goldfields receives gold assay results including 22.9m of 8.46 g/t and 12.2m of 13.51 g/t, with a high of 1.5m of 39.35 g/t, within 117.4m of 2.10 g/t

The company reports findings of 22.9m of 8.46 g/t and 12.2m of 13.51 g/t, with a high of 1.5m of 39.35 g/t, within 117.4m of 2.10 g/t.

Teras receives gold assay results including 22.9m of 8.46 g/t and 12.2m of 13.51 g/t, with a high of 1.5m of 39.35 g/t, within 117.4m of 2.10 g/t

Assay results from its Cahuilla gold-silver Project in Imperial County, California include 22.9m of 8.46 g/t and 12.2m of 13.51 g/t, with a high of 1.5m of 39.35 g/t, within 117.4m of 2.10 g/t.

Calvista Intersects 17.15 g/t gold over 4.00 meters and 11.34 g/t gold over 7.00 metres at Its Buenavista Prospect

Intersects at the company's Buenavista prospect include 17.15 g/t gold over 4.00 meters and 11.34 g/t gold over 7.00 meters

The new 49ers and California's second gold rush

Scores of hard-core prospectors work the San Gabriel, and perhaps 50,000 people throughout the state prowl a few weekends a year with pans and metal detectors and dowsing rods.

Significant Precious Metal Mineralization Continues to Be Encountered at Consolidated Goldfields' Cahuilla Project

At the gold-silver project in Imperial County, California, the company reports samples of 10.03 ounces of gold per tonne.

Consolidated Goldfields continues to expand gold mineralization at its Cahuilla project with significant drill intercepts

With the announcement Consolidated Goldfield saw as an 18% jump in stock price midday reaching $0.35 by 12:00pm EDT.

CP: Sutter Gold to proceed with California project after positive assessment

Sutter Gold Mining Inc. (TSXV:SGM) said Wednesday it will go ahead with mine and mill construction at the company's Lincoln gold project in California, according to a report by Canadian Press: The decision follows completion of an independent preliminary economic assessment that indicated "positive economics" for the project near Sutter Creek, Calif., using a base gold price of US$1,100 an ounce. The project will be financed through a $20 million prepaid gold facility from RMB Australia Holdings. Sutter has agreed to deliver a total of 53,027 ounces to RMB, at a price of approximately $950/oz.

Emgold moves forward with Idaho-Maryland project permitting

Emgold Mining provides the following update on its Idaho-Maryland Project ("Project"), located in Grass Valley, California. In follow up to the Company's March 7, 2011 press release, Emgold, through its 100 percent owned subsidiary Idaho-Maryland Mining Corporation ("IMMC"), has commenced the filing process for its 2011 Revised Permit Application with the City of Grass Valley ("City"). The City is the Lead Agency and responsible for completing the Environmental Impact Report ("EIR") for the Idaho-Maryland Project, as part of the California Environmental Quality Act ("CEQA") process.

Molycorp up 10 percent after congressman introduces rare earth legislation

U.S. Rep. Mike Coffman's rare earth legislation may have lit a fire under Molycorp's stock price, which rose 10.3% on Thursday trading. Coffman, Republican congressman representing Colarado, introduced legislation on Wednesday calling for a variety of measures that would better ensure that the United States has secure access to rare earth metals. Molycorp stock finished Thursday at $68.45. The stock's 52-week range is $12.10 to $68.79.