Mining Top News

Ritchie Bros. to sell large multi-component crushing plant in unreserved Dubai auction

Mining News — Tue, 31 Aug 2010 21:45:29 +0000

Ritchie Bros. Auctioneers, the world’s largest industrial auctioneer, will sell a 2004 SBM STE160×130 closed circuit jaw/impact crushing plant along with hundreds of other equipment items and trucks during a three-day unreserved equipment auction in Dubai, UAE from September 27 – 29, 2010. The highly automated plant includes primary and secondary crushers, screens, generators, conveyors, [...]

Mineral Invest concludes agreement on gold deposits in north-eastern Democratic Republic of Congo (DRC)

Mining News — Tue, 31 Aug 2010 21:40:47 +0000

Mineral Invest International MII AB (publ) has today through its local subsidiary, Mineral Invest Congo SPRL, after a long period of negotiations with the state owned mining company Office de mines de’Or de Kilo-Moto, OKIMO, acquired an exclusive license agreement regarding gold prospecting in the Kilo-Moto area. This area is located in the north-eastern part [...]

Golden Goose and Kodiak Exploration Sign Binding Merger Agreement

Mining News — Tue, 31 Aug 2010 21:31:40 +0000

Golden Goose Resources Inc. and Kodiak Exploration Limited announce that they have signed a binding definitive merger agreement. Golden Goose and Kodiak have agreed to proceed with a business combination by way of a corporate Arrangement pursuant to the provisions of the Companies Act of Quebec. The Arrangement will effectively combine the assets of both [...]

Gold Bullion Expands Long Bars Zone Eastern Extension

Mining News — Tue, 31 Aug 2010 21:28:13 +0000

Gold Bullion Development Corp. report that Phase 2 drilling continues to expand the LONG Bars Zone Eastern Extension mineralized area at its 100% owned Granada Gold Property in northwestern Quebec. Gold Bullion is aggressively exploring Granada, located five kilometers south of Rouyn-Noranda, as a potential near-surface, open-pit deposit along the prolific “Cadillac Trend” [...]

Romios Announces Closing of a Flow-Through Private Placement

Mining News — Tue, 31 Aug 2010 21:21:31 +0000

Romios Gold Resources Inc. announced that it placed 2,000,000 units on a flow-through basis (the “FT Units”) priced at $0.15 per FT Unit for gross proceeds of $300,000. Each FT Unit consists of one (1) flow-through common share (the “FT Share”) and one-half (1/2) of a share purchase warrant (a “FT Warrant”). Each full FT [...]

Paget Minerals Options Ben Moly Property to TTM Resources

Mining News — Tue, 31 Aug 2010 21:19:03 +0000

Paget Minerals Corp. announced that it has entered into an Agreement with TTM Resources Inc. (“TTM”) whereby TTM can acquire a 100% mineral interest in the Ben molybdenum property in the Nechako Basin, central B.C. The property consists of four mineral claims that lie south of and adjacent to TTM’s Chu molybdenum project currently under [...]

Dianor Enters Into $10 Million Credit Agreement With Syndicate of Lenders

Mining News — Mon, 30 Aug 2010 15:57:11 +0000

Dianor Resources Inc. announce that it has entered into a Credit Agreement dated August 28, 2010 with Third Eye Capital Corporation, as administrative agent, and a syndicate of lenders, pursuant to which the lenders have committed to provide up to $10 million in a term-credit facility to Dianor, subject to various terms and conditions. “We are [...]

Canadian Mining Grants Extension to Heemskirk on Bromley Creek Zeolite Mine

Mining News — Mon, 30 Aug 2010 15:52:46 +0000

Canadian Mining announces it has granted an extension on the Option to Purchase to Heemskirk Canada Limited on the Company’s Bromley Creek zeolite mine. The maturity date of the Agreement is June 30, 2015. As activity increases in the Alberta oil patch and other zeolite markets open up the demand for the Company’s Bromley Creek zeolite [...]

New Strategic Acquisitions for Midland East of the Duparquet Gold Mining Camp

Mining News — Tue, 24 Aug 2010 18:43:51 +0000

Midland Exploration Inc. announce the acquisition by staking of two new claim blocks with strong gold potential, located along the eastward extension of the Duparquet gold mining camp. These two new claim blocks, known as Bassignac and Highway, are wholly owned and respectively consist of 25 claims totalling 1,281 hectares and 7 claims covering about [...]

Laurion Announces Aggressive Drill Program on Bell Mountain Gold Project, Nevada

Mining News — Tue, 24 Aug 2010 18:38:45 +0000

Laurion Mineral Exploration Inc. announced the commencement of an aggressive drill program on the Bell Mountain gold project located in Churchill County, Nevada. “This drill program is designed to expand and confirm the resource on two zones that have the best potential to significantly increase gold-silver resources to generate a NI 43-101 compliant resource estimate prior [...]

Otish Energy Releases NI 43-101 Technical Report on Puruni Gold Project, Guyana

Mining News — Tue, 24 Aug 2010 18:34:07 +0000

Otish Energy Inc. announce the release of its NI 43-101 complaint Technical Report describing in detail the geology and gold potential of the Puruni Gold Project, Mazaruni Mining District, Guyana. This report is written in compliance with requirements of National Instrument 43-101 and Form 43-101F1 and is in support of documentation to be filed with the [...]

La Quinta Resources Announces Commencement of Its Drilling Program at Easter Project

Mining News — Mon, 16 Aug 2010 18:03:34 +0000

La Quinta Resources Corporation report that it has commenced its drilling program on its Easter Project located in S.E Nevada. La Quinta plans to drill approximately 3,200 ft of reverse circulation percussion drilling in 16 drill holes sited in the outcrop of the Main Vein at Easter. Hole depths will average 200 ft, and are [...]

Typhoon Has Begun Its Drilling Campaign of 15,000 Meters at Fayolle

Mining News — Wed, 11 Aug 2010 17:15:42 +0000

Typhoon Exploration Inc. announces that since July 8, 2010 it has begun its drilling campaign of 15,000 meters on the Fayolle Project, as part of its agreement with Aurizon Mines Limited. To date 5 drill holes have been completed. The drilling activity began in the area of the Fayolle Deposit with the objective to confirm the [...]

Element92 Resources Corp. to Acquire Third Gold Mine in China

Mining News — Wed, 11 Aug 2010 17:12:36 +0000

Element92 Resources Corp. announced that it has executed a sales & purchase agreement to acquire a gold mine in Guangdong Province, China. The Company is acquiring 100% of the Guolanchong gold mine, a producing gold property with a mining license for 0.8 sq. km, by the issuance of 26.88 million newly issued restricted shares. The closing [...]

RockBridge Completes Prospecting and Proceeds With Plans for Drilling

Mining News — Tue, 10 Aug 2010 12:10:57 +0000

RockBridge Resources Inc. has completed the summer prospecting of the Cross Hills Newfoundland Rare Earth and Copper property, and all samples have been sent to Activation Laboratories in Ontario for analysis. Accordingly, RockBridge is now proceeding with its plans for drilling to commence upon award of the contract. In addition, RockBridge has been successful in application [...]

Strategic Mining Announces Filing of Form 10-A with the SEC and Moves to OTCQB Tier

Mining News — Tue, 10 Aug 2010 12:08:09 +0000

Strategic Mining Corp. announced that it has filed the amendment (10a) to the Form 10 that includes first quarter financials on August 9, 2010. The filing of the Form 10a immediately moves the company to the OTCQB tier with current status. The company has also sent a response letter to the SEC in order to [...]

VMS Ventures Outlines Plans for Diamond Drilling at the Copper-Rich Reed Lake Joint Venture Property

Mining News — Tue, 10 Aug 2010 12:06:08 +0000

VMS Ventures Inc. announce plans for a diamond drill program to begin shortly at the copper-rich Reed Lake deposit, which is the subject of a joint venture between the Company and HudBay Minerals Inc. The Reed Lake deposit is a base metal massive sulphide-type deposit near HudBay’s concentrator in Flin Flon, Manitoba. On July 6, 2010 [...]

Vantex Increases Flow Through Financing to a Maximum of $2,100,000

Mining News — Tue, 27 Jul 2010 03:42:40 +0000

Vantex Resources Ltd. announces that it will increase the previously announced $1,700,000 financing, to a maximum of $2,100,000 due to increased investor demand. Vantex has therefore entered into an amended agreement with Jones, Gable & Company Limited (“Jones, Gable”) in respect of a brokered private placement financing consisting of up to 2,100 units (the “Units”) at [...]

Peabody Energy Approves Expansion of Highly Productive Wilpinjong Mine in Australia

Mining News — Tue, 27 Jul 2010 03:40:02 +0000

Peabody Energy said it has approved expansion of the Wilpinjong thermal coal mine in New South Wales, which is expected to increase production by 2 to 3 million tons annually beginning in 2012. Capital investment for the project is expected to total approximately $90 million, which includes approximately $20 million targeted for 2010. [...]

Uragold Adds Four Claims to Its Beauce Placer Gold Property Located in St-Simon-Les-Mines

Mining News — Tue, 13 Jul 2010 16:34:22 +0000

Uragold Bay Resources Inc. announce that it has signed a letter of intent with a private vendor regarding the acquisition of 100% interest in four claims located in Saint-Simon-les-Mines, Quebec. The acquired claims expand the Beauce Placer Gold property to the northeast. This will add 1,700 meters to the 550 meters of un-mined paleoplacer gold [...]