Latin America Top Stories

Deforestation in Brazil’s Amazon hits “highest level in a decade”

Areas where trees have been removed soared 29.5% to 9,762…

Lundin kicks off production at Fruta del Norte mine in Ecuador

First export of gold concentrate and dorĂ© is expected by…

Latest Stories

Colossus hits behemoth gold-PGM intercept in Brazil

The latest bonanza grade gold-PGM drill results from the Serra Pelada project in Brazil are making it easy for Colossus Minerals (TSX: CSI) to live up to its name. Since 2007 Colossus Minerals and 25-percent joint-venture partner COOMIGASP have been pushing the southwestern extent of high-grade gold, platinum and palladium mineralization beyond a historic open-pit mine.

Colossus Minerals drills 7.30 metres at 1494.7 g/t gold, 516.6 g/t platinum and 558.9 g/t palladium in extensions of central mineralized zone at Serra Pelada, Brazil

Colossus Minerals Inc. (the "Company" or "Colossus")(TSX:CSI) is pleased to announce additional assay results from the 25,000 metre surface drilling program at the Serra Pelada Gold-Platinum-Palladium Project, the Colossus-COOMIGASP Joint Venture located in Para State, Brazil. "Drilling such high-grade gold, platinum and palladium approximately 700 metres down plunge from the outcrop of the Central Mineralized Zone in the historic Serra Pelada pit continues to demonstrate the robustness of this mineralized system," commented Ari Sussman, Colossus CEO. "We wait with great anticipation for early 2012 when construction of the underground decline advances to the point that enables the Company to see the Central Mineralized Zone first hand and extract the first of three 2,500 tonne bulk samples from it."

Revolver to acquire operating iron ore assets in Brazil

Revolver Resources Inc., (TSX VENTURE:RZ) ("Revolver") is pleased to announce that it has entered into an arm's length letter of intent with Oculus Mining S.A. ("Oculus") effective April 11, 2011, relating to a reverse takeover transaction (the "Transaction"), pursuant to which Revolver proposes to acquire all of the issued and outstanding securities of Oculus from the shareholders of Oculus (the "Oculus Shareholders") on a pro rata basis. Trading in the shares of Revolver has been halted in accordance with the policies of the TSX Venture Exchange (the "TSXV") and will remain halted until such time as all required documentation has been filed with and accepted by the TSXV and permission to resume trading has been obtained from the TSXV.

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Newstrike intersects 230.95 meters of 7.51 g/t Au at Ana Paula Project, Mexico

Newstrike Capital Inc. (TSX-V:NES) is pleased to announce additional drill results from the company's 100%-owned Ana Paula Project, Guerrero Gold Belt (GGB), Mexico. The reported drill holes represent a cross section of targets from ongoing widely spaced step out and infill drilling that continues to intercept gold mineralization over multiple mineralized horizons.

PanAm Silver has no ‘official notification’ of possible San Vicente nationalization

Pan American Silver said Tuesday it had consulted with Bolivia's Minister of Mines and its unions and "has not received official notification from any government representative with respect to the possibility that the Bolivian government might seek to take control of San Vicente." Bolivian media reports claims the Morales Administration was considering terminating joint venture contracts and taking control of several mines formerly operated by the government, which could include the San Vincente silver mine.