Mining Top News

Philex Gold Receives Interim Order for Transaction With Philex Mining Corporation

Mining News — Tue, 16 Mar 2010 19:05:53 PDT

Philex Gold Inc. announced that it has obtained an interim order from the Ontario Superior Court of Justice (Commercial List) with respect to the Company’s previously announced Plan of Arrangement with Philex Mining Corporation (“PMC”) and PMC’s wholly-owned subsidiary, Philex Gold Holdings Inc. (“PGHI”) (see press release dated February 25, 2010). Pursuant to the Plan of [...]

American Mining Corporation Signs LOI to Form Production Joint Venture on Terra Gold Project, Alaska

Mining News — Wed, 10 Mar 2010 17:30:35 PST

American Mining Corporation announce that it has signed a binding letter of intent to enter into a joint venture with International Tower Hill Mines Ltd., in respect of ITH’s high grade Terra Gold Project in Alaska. Pursuant to the letter of intent, Terra Gold Corp. (“Terra”), an Alaskan subsidiary of AMC and Raven Gold Alaska [...]

Nuinsco Acquires Gold Project in Lake of the Woods Region

Mining News — Mon, 08 Mar 2010 16:27:59 PST

Nuinsco Resources Limited announced it has optioned a claim package, collectively referred to as the Olympian Project, that hosts numerous previously identified gold occurrences. The project area lies 5 km northeast along strike from the Kenora region’s most significant past producer, the Wendigo Mine. “Adding the Olympian Project to our portfolio allows Nuinsco to draw upon [...]

Gentor Resources Inc. closes acquisition of APM Mining Limited

Mining News — Mon, 08 Mar 2010 16:24:40 PST

GENTOR RESOURCES, INC. announce the acquisition of APM Mining Limited pursuant to the closing under the Share Exchange Agreement dated February 23, 2010 between the Company, APM Mining and Arabian Peninsula Projects Ltd. As a result of the acquisition, the Company, through its wholly owned subsidiary, APM Mining, holds the earn-in rights to [...]

True North Gems Options Yukon Rare Earth Discovery to Great Western Minerals

Mining News — Sun, 07 Mar 2010 17:00:32 PST

True North Gems Inc. and Great Western Minerals Group Ltd. are pleased to announce that TGX has granted GWMG an option to acquire up to a 65% working interest in TGX’s True Blue property in the Yukon in exchange for carrying TGX through to completion of a bankable feasibility study. The True Blue property is located [...]

Nuinsco and Coventry Agree to Extend Closing of Cameron Lake Sale

Mining News — Sun, 07 Mar 2010 16:56:17 PST

Nuinsco Resources Limited announced that it has agreed with Coventry Resources Limited (“Coventry”) (ASX:CVY – News) to extend the closing date for its sale of the Cameron Lake Gold Project. The Binding Heads of Agreement between Nuinsco and Coventry has also been amended to provide that the parties shall enter into the definitive Sale [...]

Melkior Resources Inc.: Ground Work Starts in Preparation for Drilling Eldorado

Mining News — Tue, 02 Mar 2010 17:25:48 PST

Melkior Resources Inc. has begun line cutting and ground geophysical surveying on seven grids designed to cover 9 separate electromagnetic conductors on its 100% owned Eldorado nickel property. The property is contiguous with Melkior’s Shaw Twp property and consists of 366 claim units or 5856 hectares and is located 20 kilometres southwest of Timmins city [...]

Fluor Awarded Debswana Contract for Diamond Mine Expansion in Africa

Mining News — Tue, 02 Mar 2010 17:20:41 PST

Fluor Corporation announced that the company won an engineering, procurement and construction management (EPCM) contract from Debswana Diamond Company Ltd, a joint venture of the Government of Botswana and De Beers, to execute the Jwaneng Cut 8 mining project in Botswana. After successfully completing the feasibility study for Debswana earlier in 2009, Fluor was awarded [...]

Northland Appoints Banks for Project Financing

Mining News — Mon, 01 Mar 2010 04:03:49 PST

Northland Resources S.A. announce that the Company has appointed and retained leading global mining finance and investment banks – Societe Generale, UniCredit Bank AG and WestLB AG as exclusive Mandated Lead Arrangers in the proposed project financing of the Kaunisvaara Iron Concentrate Project. The Facility will be subject to each Mandated Lead Arranger securing its [...]

Silver Standard Resources Inc.: Sale of Silvertip Project Closes

Mining News — Mon, 01 Mar 2010 04:00:04 PST

Silver Standard Resources Inc. report that the sale of the Silvertip Project to Silvercorp Metals Inc. closed on February 26, 2010. Silver Standard was issued 1.2 million common shares of Silvercorp at a deemed price of $6.25 per common share, and received a cash payment of CDN$7.5 million, for total consideration of CDN$15 million for [...]

Tasman drilling update from Norra Karr REE project, Sweden

Mining News — Wed, 24 Feb 2010 06:43:16 PST

Tasman Metals Ltd. Mr Mark Saxon, President and CEO, provides an update on developments regarding the Company’s 100% owned Norra Karr Rare Earth Element (REE) project. The drill program currently underway is nearing its conclusion with approximately 80 per cent of the program completed. In addition, a collaborative research project has been initiated, under [...]

Terra Energy & Resource Technologies Completes an Exploration Services Project

Mining News — Wed, 17 Feb 2010 04:28:33 PST

Terra Energy & Resource Technologies, Inc., a natural resource exploration technology company, has completed an exploration services project for oil and gas in Nevada under a contract with Golden Eagle Alliance, LLC, a Colorado limited liability company. The contract entailed the application of STeP®, Terra’s proprietary remote sensing exploration technology, with the objective being to assess [...]

B.C. Provincial Government halts mineral exploration in Flathead Valley

Mining News — Wed, 10 Feb 2010 05:46:14 PST

Max Resource Corp. has learned that the Government of British Columbia intends to halt all ongoing mineral exploration work and prohibit any future mine development in the Flathead Valley in Southeastern B.C. In his Throne Speech of February 9, 2010, which outlines the B.C. Government’s legislative agenda for the upcoming session, BC Lieutenant-Governor Steven L. Point [...]

Quaterra and Goldcorp Sign Investment Framework Agreement

Mining News — Wed, 10 Feb 2010 05:43:05 PST

Quaterra Resources Inc. announced that Goldcorp Inc., has entered into a binding Investment Framework Agreement (IFA) with the Company. The IFA formalizes the terms of a previously announced Letter of Intent that provides Goldcorp with an option to acquire an interest in certain mining properties held by or acquired by Quaterra in central Mexico in [...]

Nass Valley Gateway signs agreement to acquire three gold prospects, Kirkland Lake Mining Camp, Ontario, Canada

Mining News — Thu, 04 Feb 2010 22:18:41 PST

NASS VALLEY GATEWAY LTD., announce the signing of an Acquisition Agreement with Golden Dawn Minerals Inc. (GOM), which gives the Company an option to acquire an 80% Joint Venture interest in three gold prospects within the Larder Lake Mining Division of the Province of Ontario, Canada. The three properties, Central Catharine, Link-Catharine, and the 80-Foot-Fall property [...]

Buckingham Exploration Inc. options new property and completes disposal of Colorado subsidiaries

Mining News — Thu, 04 Feb 2010 22:13:05 PST

Buckingham Exploration Inc. announce that it has optioned the Lady Ermalina Chemainus Claims on Vancouver Island. The option calls for an immediate payment of cash and shares and staged payments in future years. Specifically, Buckingham agreed to issue an aggregate of 600,000 shares of common stock of the company and to pay an aggregate of [...]

Copper Fox acquires 100% interest in Schaft Creek Project

Mining News — Tue, 02 Feb 2010 08:57:56 PST

Copper Fox Metals Inc. announce that Teck Resources Limited (“Teck”) has transferred its ownership in the Schaft Creek Project to Copper Fox pursuant to an agreement between the parties dated January 1, 2002 (the “Agreement”). The Schaft Creek Project comprises the Liard, Paramount and West Breccia mineral deposits (the “Schaft Creek deposit”) contained within the [...]

Nebu Reports Assay Results, Updates Timmins West Gold Area Exploration Progress

Mining News — Tue, 02 Feb 2010 08:55:24 PST

Nebu Resources Inc. provides the following update on exploration activities on its Denton Township projects adjacent to properties held by Lakeshore Gold Mines Inc., approximately 30 kilometers southwest of Timmins, Ontario. The Company holds two properties in the area, one of which has been the subject of recent diamond drilling while the other has been the [...]

Alix Acquires Claims in B.C. With 2.04% Rare Earth Oxides Across 15 Meters

Mining News — Tue, 02 Feb 2010 08:44:10 PST

ALIX RESOURCES CORP. has entered into an agreement to acquire a block of claims totalling approximately 450 hectares in British Columbia which host a historic BC Minfile Rare Earth Oxide (REO) occurrence. BC Minfile reports that “a sample of chips taken at random across a 15 metre section returned… 2.04%REO” (Minister of Mines Annual Report [...]

Terra Announces Acquisition of Alberta Oil Assets

Mining News — Mon, 01 Feb 2010 01:23:00 PST

Terra Ventures Inc. announces that its newly incorporated and wholly-owned Calgary based subsidiary, Terrex Energy Inc. (“Terrex”), has entered into a purchase and sale agreement to acquire a 100% interest in a basal quartz oil pool in central Alberta from a private oil and gas company, for a purchase price of $650,000. The pool is [...]