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Market: TSX-V
Sector: Gold Mining
Epic: BUF
News: Latest news
Web Site: Buffalo Gold
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Thursday September 02, 11:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

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Thursday September 02, 08:15Indonesia edges closer toward uranium mining and nuclear power

After nearly five decades of national debate on the issue, Indonesia's central government may finally be ready to develop a national nuclear policy, which may lead to domestic uranium mining.

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Wednesday September 01, 01:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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Buffalo Gold

Buffalo Gold

Buffalo Gold has a portfolio of projects ranging from grassroots exploration in known gold regions of Australia, to a 1 million ounce advanced gold project in Papua New Guinea, and a gold deposit in Sardinia, Italy.

Monday, December 08, 2008

Buffalo Gold puts Sardinia Gold Mines into liquidation

Buffalo Gold (TSX-V: BUF) fell 15% after the company announced that a Memorandum of Understanding with China Railway Group to invest in the company and its projects in Papua New Guinea and Australia, had terminated.


Adding to investor's woes, Buffalo Gold also announced that it had placed its 90% owned subsidiary, Sardinia Gold Mines into liquidation.  Sardinia Gold Mines owns the Furtei Gold Operations, but will now lose the Furtei and Osilo mineral properties, processing plant and associated assets, though Buffalo Gold will retain exploration tenements over Monte Ollesteddu.  Buffalo Gold was forced to liquidate its subsidiary after it failed to secure funding and could no longer service debts at the operation.


Buffalo Gold's CEO, Brian McEwen, will be replaced by Damien Reynolds, Executive Chairman.

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