Mining Top News

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 [...]

First Quantum Minerals Ltd. Announce Issuance of New First Quantum Shares

Mining News — Mon, 01 Feb 2010 01:18:38 PST

First Quantum Minerals Ltd. announced that following the successful completion of the acquisition of Kiwara PLC, an application was made on Friday January 29, 2010 to the London Stock Exchange plc for the New First Quantum Shares to be admitted to trading on the Official List. Furthermore, application has been made to the TSX for [...]

Great Western Minerals Group Retains Investor Relations Firm

Mining News — Wed, 27 Jan 2010 04:46:54 PST

Great Western Minerals Group Ltd. announced today that it has entered into an investor relations agreement with Stone Communication Services Limited (“SCS”) of Toronto, Ontario (the “Agreement”). SCS specializes in the execution of tailored, strategic communication programmes for emerging companies and will introduce GWMG to Stone Communications’ network of brokers, analysts and portfolio managers. SCS is [...]

CanAlaska Uranium commences winter drilling program at the Cree East project

Mining News — Wed, 27 Jan 2010 04:43:44 PST

CanAlaska Uranium Ltd. announce that the Company has commenced exploration on its Cree East uranium project in the Athabasca Basin, Saskatchewan, Canada. The Cree East project is funded under a joint venture with the Company’s Korean strategic partners, comprising Hanwha Corporation, Korea Electric Power Corp., Korea Resources Corp. and SK Energy Co, Ltd. The [...]

Barkerville Raises $13,054,000 With Equity Issue

Mining News — Sun, 24 Jan 2010 21:47:52 PST

Barkerville Gold Mines Ltd. (formerly International Wayside Gold Mines Ltd.) reports that the previously announced equity financing (News Release 09-35 November 20, 2009) including the overallotment option has been fully subscribed to and the issue has been increased. The proceeds from the private placement will be used for the start up of the QR Mine and [...]

Riverstone Completes Acquisition of Seajacks International

Mining News — Thu, 21 Jan 2010 04:43:26 PST

Riverstone Holdings LLC’s most recent renewable energy fund has successfully completed its previously announced acquisition of Seajacks International, for a total cash consideration of US$207 million. Seajacks is now wholly-owned by Riverstone and the management team. Seajacks currently owns and operates two self-propelled jack up vessels out of Great Yarmouth in the United Kingdom: the Seajacks Kraken [...]

White Mountain Test Work Succeeds in Recovery of Feldspar From Rutile Flotation Tailings

Mining News — Thu, 21 Jan 2010 04:36:04 PST

White Mountain Titanium Corporation reports that it has successfully completed flotation test work to recover feldspar from natural rutile (titanium dioxide) flotation tailings. The test work program was carried out at SGS Lakefield (“SGS”) in Ontario, Canada. The aim of the program was to produce a low iron, feldspar concentrate from waste stream [...]

Blackstone Mobilizes Drill to Uma Cu-Zn-Au Project in Northern Sweden

Mining News — Tue, 19 Jan 2010 06:24:38 PST

Blackstone Ventures Inc. announces that a diamond drill rig has now been mobilized to its 100% owned Uma Volcanogenic Massive Sulphide (VMS) project in northern Sweden and will begin drilling immediately. This first phase drill program at Uma South (southern portion of the 235,000 hectare property) will consist of approximately 12 – 20 holes. Drilling will [...]

Rockcliff Commences Drill Program at Snow Lake Project

Mining News — Tue, 19 Jan 2010 06:14:03 PST

Rockcliff Resources Inc. announce that drilling has commenced on its Snow Lake Project located in central Manitoba. A minimum of 5,000 metres (m) of drilling are planned in approximately 30 holes. Drilling is planned on the Rail, Reed, Freebeth, Tramping and Squall properties. The targets include extensions of a known copper-gold rich horizon (Rail), additional [...]

Hansa Finalizes Agreement for Sale of Swedish Properties

Mining News — Tue, 19 Jan 2010 06:09:08 PST

Hansa Resources Ltd. announce that Hansa has finalized a Letter of Intent (“LOI”) with Botnia Exploration Holding AB (“Botnia”), which contains the principal terms for the sale of Hansa’s wholly owned subsidiary Hans A Resources AB (“Hans A”). Botnia is a company incorporated under the laws of Sweden that is publicly traded on the Aktietorget [...]

USCorp Junior Gold and Silver Exploration Company Update on Picacho Drilling

Mining News — Tue, 19 Jan 2010 06:01:56 PST

USCorp updates its shareholders and the public regarding development of its Picacho Salton properties in Imperial County, California. Key management and members of the exploration team recently participated in a productive teleconference with representatives of the Imperial County office of the Bureau of Land Management (BLM) responsible for granting approval to drill and to mine USCorp’s [...]

Alexis Completes Offer for Garson Gold Corp.

Mining News — Tue, 19 Jan 2010 01:29:34 PST

ALEXIS MINERALS CORPORATION announces that its bid to acquire Garson Gold Corp. has now resulted in over 90% of Garson shares being tendered to the Offer. This result confirms that Garson Gold shareholders are overwhelmingly in favour of the acquisition and the opportunity now present for growth in the value of the combined assets. The [...]

Franconia Signs Land Agreement for Maturi Copper-Nickel-Platinum Group Metals Property

Mining News — Mon, 18 Jan 2010 09:06:20 PST

Franconia Minerals Corporation announces that it has reached an agreement with the South Kawishiwi Association LLC, a group of nearby cabin owners who are exchanging surface lands with the US Forest Service for surface rights over a portion of Franconia’s Maturi mineral deposit. Under the terms of the agreement, Franconia reinforces its right to access [...]

PBX Acquires Claims West of Its Copaquire Copper-Molybdenum-Rhenium Project

Mining News — Mon, 18 Jan 2010 09:01:58 PST

International PBX Ventures Ltd. announce that it has acquired an additional 2,100 hectares (21 sq.kms) in the prolific Chilean copper-molybdenum porphyry belt. The Huatacondo claims are located 8kms west of the Company’s wholly-owned Copaquire Copper-Molybdenum-Rhenium property. Both the Huatacondo and Copaquire claims are located in the Quebrada Blanca district of the copper-moly porphyry belt. In some [...]

Luna Gold announces the completion of a US$15 million project debt facility

Mining News — Mon, 18 Jan 2010 08:57:17 PST

Luna Gold Corp. announce that it has completed the two-tranche, senior secured, project debt facility (the “Facility”) in the amount of up to US$15 million with RMB Resources Inc, the offer of which was previously announced on October 15, 2009. Tranche 1 is in the amount of US$7.5 million and is available for the completion of [...]