Gold mining companies announce corporate and project developments

Rush Gold Corp. has announced several corporate and exploration advancements, including the appointment of Andy Tudor as Chairman. The company successfully closed a second tranche of a non-brokered private placement, raising $1,030,500 in gross proceeds to fund exploration activities.

Through the acquisition of Landy Investments Ltd., Rush Gold has expanded its portfolio in the Walker Lane Trend of Nevada, USA. The company now holds rights to the Hollow North-South (copper/gold) and Douglas Canyon (gold/antimony) projects, which will complement its existing Skylight and Legal Tender projects.

In Canada, New Found Gold Corporation marked its transition to the Toronto Stock Exchange (TSX). The company, which holds 100% interest in the Queensway gold project and the Hammerdown gold mine in Newfoundland and Labrador, is advancing commercial production at Hammerdown while progressing Phase 1 of the Queensway project.