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Extorre Grants Stock Options
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 3, 2010) - Extorre Gold Mines Limited (TSX:XG) (OTCQX:EXGMF) ("Extorre" or the "Company") reports that it has granted an aggregate of 655,000 stock options to 6 directors exercisable at a price of $4.60 for five years.
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Atlantic Industrial Minerals Incorporated Announces Change in Board of Directors and Filing of Annual and Interim Financial Statements
HALIFAX, NOVA SCOTIA--(Marketwire - Sept. 3, 2010) - Atlantic Industrial Minerals Incorporated (TSX VENTURE:ANL) ("AIM" or the "Company") announces the resignation of Mr. Paul Coughlan from the board of directors of the Company. Management is nominating the remaining directors, being Colin J. MacDonald, Barry M. Martin and David Beazley for the election to the board of directors at the upcoming annual and special meeting of shareholders of the Company.
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Colombian Mines Grants Stock Options
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 3, 2010) - Colombian Mines Corporation (TSX VENTURE:CMJ) -
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Shareholders of Northern Approve Business Combination
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 3, 2010) - Prophecy Resource Corp. ("Prophecy") (TSX VENTURE:PCY)(OTCQX:PRPCF)(FRANKFURT:1P2) and Northern Platinum Ltd. ("Northern") (TSX VENTURE:NTH) (together, the "Companies") announce that the shareholders of Northern have approved the acquisition of Northern by Prophecy by way of a Plan of Arrangement. The votes were tabulated during an annual and special shareholder meeting held earlier today. 99.9% of votes supported the transaction.
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Continental Precious Minerals Adopts Shareholder Rights Plan
TORONTO, ONTARIO--(Marketwire - Sept. 3, 2010) - Continental Precious Minerals Inc. (the "Company" or "Continental") (TSX:CZQ) today announced that its board of directors has approved the adoption of a shareholder rights plan (the "Rights Plan") designed to encourage the fair and equal treatment of shareholders in connection with any takeover bid for the outstanding securities of the Company.
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Goldrea Terminates Private Placement with China Finance/Negotiating Gold Loan
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 3, 2010) - Mr. Larry W. Reaugh, President & Chief Executive Officer of Goldrea Resources Corp. (TSX VENTURE:GOR)(PINK SHEETS:GORAF)(FRANKFURT:GOJ) ("Goldrea" or the "Company") reports the Company has terminated the previously announced private placement with China Finance Gold International Limited "CFGIL" in the amount of $5,600,000 for 40,000,000 units at $0.14. The termination is the result of CFGIL's failure to advance the balance of the placement.
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Cadan Completes First Tranche of Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 3, 2010) - CADAN RESOURCES CORPORATION (TSX VENTURE:CXD)(FRANKFURT:A0MZ25) ("Cadan" or the "Company") is pleased to announce that it has competed the first tranche of a private placement financing of up to 3,000,000 units at a price of $0.65 for gross proceeds of $1,950,000. Each unit consists of one share and one share purchase warrant, with each warrant exercisable to acquire an additional share for a period of 5 years from the closing date at a price of $1.00 for the first 2 years from the closing date and at a price of $1.25 for the 3 years thereafter. The Company has sold 1,953,846 units for total proceeds of $1,270,000 pursuant to the first tranche.
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Maya Gold & Silver Completes Private Placement
MONTREAL, QUEBEC--(Marketwire - Sept. 3, 2010) - Maya Gold & Silver Inc. ("Maya" or the "Company") (TSX VENTURE:MYA) announced today that it has closed the non-brokered private placement (the "Private Placement") previously announced on August 18, 2010. The Company has raised $500,000 through the issuance of 2,000,000 units at a price of $0.25 per unit. Each Unit consists of one common share of the Company (a "Common Share") and one common share purchase warrant (a "Warrant"). Each warrant entitles the holder to purchase one additional Common Share at an exercise price of $0.35 per Common Share during 18 months following the closing. The warrants are subject to an acceleration clause such that, in the event that the closing price of the common shares for any 20 consecutive day trading period is equal to or greater than $0.60, the Company shall have the right to force conversion of the Warran
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Riverstone Announces Stock Options
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 3, 2010) - Riverstone Resources Inc. ("Riverstone" or the "Company") (TSX VENTURE:RVS)(FRANKFURT:3RV) announces that a total of 935,000 incentive stock options have been granted under the Company's Stock Option Plan to directors, officers, employees and consultants of the Company as defined by TSX Venture Exchange Policy 4.4. The options are exercisable for a five-year period at a price of $0.69 per share and are subject to vesting provisions over an eighteen-month period, in accordance with the terms of the Plan.
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Cabo Drilling Corp. Awarded Drill Contract by Ber Alb Sh A
NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 3, 2010) - Cabo Drilling Corp. (TSX VENTURE:CBE) ("Cabo" or the "Company") announces that Ber Alb SH A, which is part of the Ekin Maden Group located in Istanbul, Turkey, has awarded Cabo Drilling Corp. - Albania Branch, located in Tirana, Albania, a drilling contract for a minimum of 4,000 meters.
The underground project is split between the Lac Rosh Mine and the Munella Mine, which are located in the northeastern Albania mountain region, within the administrative borders of Fush Arrez County in Puke Province. Drilling will consist of 4,000 + meters of NQ/BQ drilling and will be divided between the two mines. Anticipated drilling depth of holes will range from 100 meters to a maximum length of 300 meters.
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Bravo to Raise $3.2 Million in Oversubscribed Flow-Through Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 3, 2010) -
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Almaden Minerals Ltd.: Ixtaca Drilling to Recommence
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 3, 2010) - Almaden Minerals Ltd. ("Almaden" or "the Company") (TSX:AMM)(NYSE Amex:AAU) is pleased to report that a phase II diamond drilling program is set to recommence at the newly discovered Ixtaca zone on its 100% owned Tuligtic Project located in Puebla State, Mexico. Almaden geology staff and drilling personnel are on site and drilling is expected to commence in the coming days. Almaden plans several holes to confirm the orientation of the vein system before systematic step-out drilling, to explore the strike and depth extent of the vein system, commences. Over the past few weeks Almaden has acquired all the surface access rights and permissions necessary to carry out the current drill program. In addition Almaden has reviewed its exploration database for the Tuligtic project and, in areas of previous work to the north and east of the Ixtaca zone, identified several other targ
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Goldbrook Ventures Inc. Retains Renmark Financial Communications Inc.
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 3, 2010) -
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
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Eurasian Minerals Announces Appointment of Mr. Paul H. Zink as President of Eurasian Capital, Grant of Bonus Shares and Grant of Stock Options
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 3, 2010) - Eurasian Minerals Inc. (TSX VENTURE:EMX) (the "Company" or "EMX") is pleased announce the appointment of Mr. Paul H. Zink as President of Eurasian Capital, the recently formed royalty and merchant banking division of EMX. Mr. Zink will focus on building a portfolio of revenue-generating royalties to complement EMX's prospect generation business model. Eurasian Capital will be uniquely leveraged by EMX's exploration expertise and global on-the-ground business connections to identify early-stage royalty opportunities. Mr. Zink most recently served as President of International Royalty Corporation ("IRC"), and comes to EMX after the successful sale of IRC to Royal Gold, Inc. in February 2010.
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Atacama Q2 2010 Highlights
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 3, 2010) - Atacama Minerals Corp. ("Atacama" or "the Company") (TSX VENTURE:AAM) is pleased to report its financial and operating results for the second quarter period ended June 30, 2010.
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Rockhaven Resources Ltd.: Corporate Update
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 3, 2010) - In response to recent market activity, Rockhaven Resources Ltd. (TSX VENTURE:RK) ("Rockhaven") provides the following update related to its ongoing exploration program at its Klaza project, located in the southwestern Yukon.
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Crowflight Provides Update on Jinchuan Offer
TORONTO, ONTARIO--(Marketwire - Sept. 3, 2010) - CROWFLIGHT MINERALS INC. ("Crowflight" or the "Company") (TSX:CML) today provides an update regarding the offer letter from Jinchuan Group Ltd. ("Jinchuan") to acquire all of the common shares of Crowflight in consideration for an aggregate cash payment of $150,000,000 (the "Offer"). For details regarding the Jinchuan offer letter, please see the Company's press release of April 6, 2010.
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Typhon annonce une hausse de son placement privé à 4 $ millions
LAVAL, CANADA--(Marketwire - 3 sept. 2010) - NON DISPONIBLE POUR UNE DISTRIBUTION VIA «UNITED STATES NEWSWIRE SERVICES» OU POUR TOUTE AUTRE DIFFUSION AUX ÉTATS-UNIS.
Exploration Typhon Inc (TSX CROISSANCE:TYP) annonce qu'elle augmente la participation du placement privé annoncé initialement le 2 septembre 2010, à 4$ million cdn. Les termes et conditions du placement demeurent inchangés. Étant donné l'augmentation de l'offre, les parties ont convenu que l'option accordé à l'Agent pour un montant supplémentaire de 1 $ million cdn, a été annulée.
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Typhoon Exploration Inc. Announces an Increase in the Private Placement to $4 million
LAVAL, CANADA--(Marketwire - Sept. 3, 2010) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
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Gold Canyon Proposes Private Placement for Up to $4,000,000
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 3, 2010) - Gold Canyon Resources Inc. (TSX VENTURE:GCU)(PINK SHEETS:GDCRF) ("Gold Canyon" or "the Company") is pleased to announce that it is undertaking a private placement of common share units (the "Units") at a price per Unit of $0.45 for gross proceeds to the Company of up to $4,000,000. Each Unit is comprised of one common share in the capital of the Company and one-half of one non-transferable share purchase warrant of the Company, exercisable at any time up to 4:30 p.m. (Vancouver time) on the date which is twenty-four months from the date of issue of the Units for one common share at a price of $0.65 per share. Completion is subject to the receipt of subscription proceeds and TSX Venture Exchange acceptance.
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Calypso Earns 50% Interest and Enters Into Joint Venture on Wyoming Potential in Situ Recovery Uranium Exploration Property
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 3, 2010) -
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Randgold Resources Limited -- Notification of Major Interest in Shares
JERSEY, CHANNEL ISLANDS--(Marketwire - September 3, 2010) -
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RANDGOLD RESOURCES LIMITED -- Notification of major interest in shares
JERSEY, CHANNEL ISLANDS--(Marketwire - September 3, 2010) -
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Kinross and Red Back Confident of Value-Creation Potential of Friendly Combination
Companies Endorse Glass Lewis Report; Reject ISS Value Recommendation
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Arco Announces Preliminary Drill Results at Predilecta
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 3, 2010) - Arco Resources Corp. (TSX VENTURE:ARR) ("Arco" or the "Company") is pleased to announce the results from the drilling program on its 100% owned Predilecta property. The Predilecta property covers 3,181 hectares and is located approximately 68 kilometers from Oaxaca City, Mexico.
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Cluff Gold Directorate Change
LONDON, UNITED KINGDOM--(Marketwire - Sept. 3, 2010) - Cluff Gold plc ("Cluff Gold" or the "Company")(TSX:CFG)(AIM:CLF), the dual AIM/TSX-listed West African-focused gold mining company, announces that Douglas Chikohora, the Company's Technical Director, has been appointed a Non-Executive Director and Consultant, effective from 1 September 2010.
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Typhon annonce un placement privé de 2 $ million
LAVAL, CANADA--(Marketwire - 3 sept. 2010) - Exploration Typhon Inc (TSX CROISSANCE:TYP)
NON DISPONIBLE POUR UNE DISTRIBUTION VIA «UNITED STATES NEWSWIRE SERVICES» OU POUR TOUTE AUTRE DIFFUSION AUX ÉTATS-UNIS.
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Magma Metals Limited: Thunder Bay North-Exploration Update
Drilling Results and Geophysical Surveys Define Two High-Potential Exploration Targets
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STWA's AOT(TM) Prototype to Be Tested by U.S. Dept. of Energy (DOE) at Rocky Mountain Oilfield Testing Center Site for Strategic Advantage Feasibility
Pipeline Technology Addresses Growing Market for Efficient and Cost-Effective Crude Oil Transport and Delivery
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Allied Gold Limited: ASX Price Query
TORONTO, ONTARIO--(Marketwire - Sept. 3, 2010) - Allied Gold Limited (TSX:ALG)(ASX:ALD)(AIM:AGLD) -
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MAG Silver Appoints Michael Petrina, P.ENG as Vice President Operations
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 3, 2010) - MAG Silver Corp. (TSX:MAG)(NYSE Amex:MVG) ("MAG" or "the Company") is pleased to announce the appointment of Michael Petrina, P.ENG, MBA, as Vice President Operations of the Company.
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Salazar Engages First Canadian Capital for Investor Relations
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 3, 2010) - Salazar Resources Ltd. (TSX VENTURE:SRL)(FRANKFURT:CCG) Mr. Fredy Salazar, President and CEO, is pleased to announce that the Company has retained First Canadian Capital Corp. ("First Canadian" or "the consultant") to provide strategic marketing and investor relations services. Under the terms of the agreement, Salazar will pay First Canadian C$6,000 per month for a twelve month initial term and grant 125,000 stock options at an exercise price of C$1.20. First Canadian will assist the Company in opening productive dialogue with private investors, analysts, brokers, money managers and other financial professionals. The Consultant will focus on generating market awareness among the investment community as Salazar explores and advances its Ecuadorian portfolio of projects.
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New Millennium Capital Corp. Signs Agreement With Quebec Innu to Eliminate Blockade and Restart IBA Negotiations
CALGARY, ALBERTA--(Marketwire - Sept. 3, 2010) -
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Research on Silver Wheaton and Hecla Mining - Hi-Ho Silver!
JOHANNESBURG, SOUTH AFRICA--(Marketwire - September 3, 2010) - www.stockcall.com/ offers investors comprehensive research on the silver industry and has completed analytical research on Silver Wheaton Corp. (NYSE: SLW) and Hecla Mining Co. (NYSE: HL). Register with us today at www.stockcall.com/ to have free access to these researches.
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Ruby Creek Resources -- A Year in Review
NEW YORK, NY and DAR ES SALAAM, TANZANIA--(Marketwire - September 3, 2010) - Ruby Creek Resources, Inc. (OTCBB: RBYC), an exploration and mining company with operations in Tanzania, reviews its progress of the past year. Mr. Robert Slavik, CEO and President of Ruby Creek Resources, highlights and summarizes the accomplishments of the Company.
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Sutter Gold Mining Closes US $3.65 Million Loan Financing
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 3, 2010) - Sutter Gold Mining Inc. ("Sutter" or "SGM" or the "Company") (TSX VENTURE:SGM) is pleased to announce it has closed on an increase to the Company's existing secured loan facility ("the Facility") in the amount of US $3.65 million with RMB Australia Holdings Limited (see press release dated August 31, 2010). The amount available under the amended Facility now totals US $7.90 million, of which US $3.56 million has been drawn through June 30, 2010. The Facility will now mature on June 30, 2011.
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Arian Silver Issue of Shares
LONDON, ENGLAND--(Marketwire - Sept. 3, 2010) - Arian Silver Corporation (TSX VENTURE:AGQ)(AIM:AGQ)(PLUS:AGQ)(FRANKFURT:I3A) -
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Champion Obtains Conditional Listing on the Toronto Stock Exchange
TORONTO, ONTARIO--(Marketwire - Sept. 3, 2010) - CHAMPION MINERALS INC. ("Champion" or the "Company") (TSX VENTURE:CHM)(FRANKFURT:P02) is pleased to announce that it has obtained conditional approval to list its common shares on the Toronto Stock Exchange ("TSX"). Champion shares will trade under the TSX trading symbol "CHM". The listing is subject to the Company fulfilling certain requirements of the TSX in accordance with the terms of its conditional approval letter dated September 2, 2010. The Company is actively proceeding to satisfy these requirements and upon obtaining final approval, the Company will issue a further press release indicating when its common shares will commence trading on the TSX. Champion will remain listed on the Frankfurt Stock Exchange.
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NanoMarkets Announces Upcoming Report Addressing Market for Use of Silver in Photovoltaics Markets
GLEN ALLEN, VA--(Marketwire - September 3, 2010) - Industry analyst firm NanoMarkets today announced the addition of the report, "Silver in Photovoltaics, 2010" to its schedule. The report will be available the week of September 13th. Details about the report including a table of contents and an excerpt are available at www.nanomarkets.net. The report continues the firm's industry leading coverage of the market opportunities arising from advanced materials and emerging energy and electronics markets.
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LIM Reaches Agreement With Quebec Innu to Remove Barriers
Mine and Plant Construction to Commence Immediately
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Medusa Mining Limited: Notice of General Meeting
COMO, WESTERN AUSTRALIA--(Marketwire - Sept. 3, 2010) - Medusa Mining Limited (TSX:MLL)(ASX:MML)(AIM:MML) -
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Gold River Productions, Inc. (GRPS) Announces the Filing of Updated Financial Data
SALT LAKE CITY, UT--(Marketwire - September 3, 2010) - Gold River Productions, Inc. (PINKSHEETS: GRPS) announces that it has filed all of the required documents with OTC Pink Sheets to become a fully reporting company on the exchange.
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Sama Resources Inc. Announces Additional CAN$1,000,000 Under Offering
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 2, 2010) -
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Eldorado Gold Announces Conference Call to Discuss Proposal to Andean Resources
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 2, 2010) - Eldorado Gold Corporation (TSX:ELD)(NYSE:EGO)(ASX:EAU) will host a conference call on Friday, September 3, 2009 at 11:30 a.m. EDT (8:30 a.m. PDT) to discuss the Company's proposal to Andean Resources. You may participate in the conference call by dialing 416-695-6622 in Toronto or 1-800-355-4959 toll free in North America or 0011-800-6578-9898 in Australia and asking for the Eldorado Conference Call with Chairperson: Paul Wright, President and CEO of Eldorado Gold.
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Eldorado Confirms Proposal to Andean Resources
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 2, 2010) - Eldorado Gold Corporation (TSX:ELD)(NYSE:EGO)(ASX:EAU) ("Eldorado" the "Company" or "we") today confirmed it has approached the Board of Directors of Andean Resources Limited ("Andean") with a proposal to combine the two companies, thus creating the world's fastest growing and lowest cost gold producer.
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CORRECTION FROM SOURCE: PBX Announces Grant of Options
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 2, 2010) - International PBX Ventures Ltd. (TSX VENTURE:PBX) (the "Company" or "PBX") announces that there was an error in the pricing of the stock options announced in its news release earlier today.
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Rusoro Grants and Re-Prices Incentive Stock Options
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 2, 2010) - Rusoro Mining Ltd. (the "Company") (TSX VENTURE:RML) has granted incentive options under its Stock Option Plan to certain directors, officers and employees for the purchase of a total of 5,366,000 shares in the capital of the Company. The options are exercisable on or before September 1, 2020 at a price of $0.20 per share, being the closing price of the Company's shares on the TSX Venture Exchange as at today's date. Further, the Company announces that it has re-priced a total of 4,843,824 outstanding options held by various employees of the Company to a price of $0.20 per share.
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Q2 Gold Intends to Cease Reporting and to Wind Up its Affairs
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 2, 2010) - Q2 Gold Resources Inc. ("Q2 Gold" or the "Company"), which has filed its unaudited interim financial statements for the three-month period ended June 30, 2010 on SEDAR (www.sedar.com), announces its intention to cease reporting and to wind up its affairs.
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AM Gold Inc. Announces Increase in Size of 5,000,000 Unit Non-Brokered Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 2, 2010) - AM Gold Inc. (TSX VENTURE:AMG)(FRANKFURT:AMX) ("AM Gold" or the "Company") wishes to announce that its non-brokered private placement originally announced August 5, 2010 has been oversubscribed and that the Company has agreed to increase the size of the placement to 6,300,000 Units or $1,890,000. The terms of the placement remain the same.
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Match Capital Announces Completion of a $500,000 Financing
TORONTO, ONTARIO--(Marketwire - Sept. 2, 2010) - Match Capital Resources Corporation (TSX VENTURE:MHC.H) ("Match"), today announced that it has completed its previously announced non-brokered private placement (the "Private Placement") to raise gross proceeds of $500,000.00 through the sale of 5,000,000 units ("Units") at a price of $0.10 per Unit. Each Unit is comprised of one common share of the Company and one-half of one common share purchase warrant (each whole warrant a "Warrant"). Each whole Warrant will be exercisable to acquire one additional common share of the Company at any time for a one year period following issuance, at an exercise price of $0.25 per share. All securities issued under the Private Placement are subject to a four month hold period.
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MagIndustries Update on Potash Investment Agreement with Republic of Congo
TORONTO, ONTARIO--(Marketwire - Sept. 2, 2010) - On December 29, 2008, MagIndustries Corp. ("MagIndustries" or the "Company")(TSX:MAA) reported that it and its subsidiary, MagMinerals Potasses Congo S.A. ("MPC"), signed a comprehensive agreement with the government of Republic of Congo ("ROC"), referred to as the Potash Investment Agreement ("PIA") (also referred to within the ROC as the Convention d'Exploitation Miniere). The PIA addresses all aspects of the Company's planned Mengo Potash Project (the "Project") near the ROC port city of Pointe-Noire, including key fiscal and development terms. MagIndustries is pleased to report that it has now received verbal communication from ROC government officials that the PIA was passed into law by the National Assembly and the Senate of the ROC on August 30, 2010. The Company expects to receive written confirmation imminently of t
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Typhoon Exploration Inc. Announces $2 Million Private Placement
LAVAL, CANADA--(Marketwire - Sept. 2, 2010) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Typhoon Exploration Inc. (TSX VENTURE:TYP) (the "Company") is pleased to announce that it has entered into an agreement with BayFront Capital Partners Ltd. (the "Agent") to act as agent for and on behalf of the Company, on a "best efforts" agency basis, without underwriter liability, in connection with a private placement of units (the "Units") at a price of $0.82 per Unit (the "Issue Price") for aggregate gross proceeds of up to $2 million CDN. Each Unit will consist of one common share and one common share purchase warrant ("Warrant"). Each Warrant will entitle the holder to purchase one additional common share for eighteen (18) months
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Donner Metals Receives a Positive Feasibility Study for the Bracemac-McLeod Deposit in the Matagami Base Metal Camp in Central Quebec
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 2, 2010) - Mr. Harvey Keats, Chief Executive Officer of Donner Metals Ltd. (TSX VENTURE:DON)(FRANKFURT:D4M) reports that the Company has received a positive feasibility study on the Bracemac-McLeod deposit from Xstrata Canada Corporation - Xstrata Zinc Canada Division ('Xstrata Zinc'). The study by Genivar Limited Partnership ('Genivar') was commissioned by Xstrata Zinc and prepared on the basis of a 65% Xstrata, 35% Donner joint venture. The scope of the feasibility study is focused on a threshold analysis of previously defined indicated resources and it does not assess the extension of this mineralization, potential of near-by inferred resources or resources defined in the new McLeod Deep discovery. Construction of the mine is underway and Donner has initiated its efforts to finance.
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Firestone Ventures Shareholder Rights Plan
EDMONTON, ALBERTA--(Marketwire - Sept. 2, 2010) - Firestone Ventures Inc. (TSX VENTURE:FV)(FRANKFURT:F5V) ("Firestone" or the "Company") announces that its Board of Directors has adopted a Shareholder Rights Plan (the "Plan").
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Focus Metals: Exploration Activities on the Quebec Kwyjibo Property and Welcomes a New Board Member and Chairman
OTTAWA, ONTARIO--(Marketwire - Sept. 2, 2010) - Focus Metals Inc. (TSX VENTURE:FMS) ("Focus" or the "Corporation") is pleased to announce that Mr. Gary Economo has been appointed as a Director of Focus. He will be replacing Mr. André Audet who has resigned. Mr. Jeffrey York is also being appointed to Chairman of the Board.
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PBX Announces Grant of Options
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 2, 2010) - International PBX Ventures Ltd. (the "Company" or "PBX") (TSX VENTURE:PBX) today announces that pursuant to its Stock Option Plan, approved by the Toronto Stock Exchange, the Company will be granting 1,200,000 stock options to directors and officers for a 3 year term, at an exercise price of $0.23 per common share.
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Stina Reports on Trench Results, Outlines Diamond Drill Targets for Dime
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 2, 2010) - Stina Resources (the "Company") (TSX VENTURE:SQA) reports that all sample analytical data from grid soil and trench samples (2600 soils, 247 bulk rock samples) on the Dime Property, located in the Yukon, confirm that soil anomalies are underlain by bedrock rubble-crop that reproduces the anomalies at better grades. Three gold soil anomalies (Western, Central and Eastern) are apparent. The Western and Eastern anomalies were trenched and rock sample results confirm the soil results. The Central anomaly has yet to be followed up on.
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Skyline Announces Grant of Stock Options
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 2, 2010) - Skyline Gold Corporation (the "Company") (TSX VENTURE:SK) announced that with the addition of two members to its Board of Directors that it has granted an aggregate of 752,000 incentive stock options to the two new directors of the Company to purchase up to 752,000 common shares in the capital stock of the Company pursuant to a shareholder approved Share Option Plan.
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Coastal Pacific Mining Corp. Announces Appointments to the Board of Directors
CALGARY, AB--(Marketwire - September 2, 2010) - Coastal Pacific Mining Corp. (OTCBB: CPMCF) (the "Company") announces that on August 26, 2010, Mr. Berscht notified the Company of his retirement and has resigned as a director and officer of the Company. Mr. Joseph Bucci, a current director of the Company has been appointed President and Secretary-Treasurer of the Company and will fill the role of Chief Executive Officer and Chief Financial Officer for the interim while the Company progresses in its projects.
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Converge Global Finalizes Reverse Stock Split
TORONTO, CANADA--(Marketwire - Sept. 2, 2010) - Converge Global, Inc. (the "Company") (PINK SHEETS:CVRG) announced today that the 1 for 100 reverse stock split of the Company's issued and outstanding common stock (rounding up any fractional numbers) will be effective upon the opening of business on Friday September 3, 2010.
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EGPI Firecreek, Inc. and Terra Telecom, LLC Announce Positive Response and Plans for Expansion in the Utilities and D.O.T. Industry
Expansion to Provide Solid Growth for Terra Telecom
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Del Toro Silver Announces New Board Member
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 2, 2010) - Del Toro Silver Corp. (OTCBB:DTOR) ("Del Toro" or the "Company") is pleased to announce that Mr. Rick Tschauder, P. Geo, has become a director of the Company.
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Serengeti Resources Approved for Tier 1 Listing, Appoints Principal Consulting Geologist
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 2, 2010) - Serengeti Resources Inc. (TSX VENTURE:SIR)(FRANKFURT:34S) is proud to welcome Michael Thicke, M.Sc., P. Geo. to the Serengeti team as Principal Consulting Geologist. The company also announces that it has met the requirements for a Tier 1 company and effective August 30, 2010 is listed for trading as such on the TSX-Venture Exchange.
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Lakeside Steel Announces That it Has Filed a Preliminary Short Form Prospectus
WELLAND, ONTARIO--(Marketwire - Sept. 2, 2010) -
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Colossus Minerals Inc. Announces COOMIGASP Shareholder Approval of Transfer of Mineral Rights to the Joint Venture Company and Start of Underground Development
TORONTO, ONTARIO--(Marketwire - Sept. 2, 2010) - Colossus Minerals Inc. (TSX:CSI) ("Colossus" or "the Company") is pleased to announce that the shareholders of its joint venture partner, COOMIGASP (Cooperativa de Mineração dos Garimpeiros de Serra Pelada), approved, by acclamation, the transfer of the mineral rights related to Mining License DNPM Nr. 850.425/1990 from COOMIGASP to Serra Pelada Companhia de Desenvolvimento Mineral ("SPC"). Colossus holds a 75% interest in SPC through its Brazilian subsidiary Colossus Geologia e Participações Ltda ("Colossus Brazil").
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VMS Updates Reed Lake Drilling and Its Plans for Sails Lake, Morton Lake and the Copper Project
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 2, 2010) - VMS Ventures Inc. (TSX VENTURE:VMS) ("VMS") is pleased to update its shareholders on various activities related to its extensive property package in Manitoba, Canada.
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Nevada Sunrise Signs Agreement on Pinnacle Gold Property
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 2, 2010) - Nevada Sunrise Gold Corp. (TSX VENTURE:NEV) ("Nevada Sunrise", or the "Company") has entered into a Letter Agreement with Nevada Sunrise LLC (the "Vendor"), a private company controlled by two directors of the Company, to acquire the rights to a mining lease on the Pinnacle Property, located in northern Nye County approximately 125 miles east of Reno, Nevada. The Pinnacle Property is highly prospective for gold mineralization and is situated within a mining district known for its historical gold production.
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NKK Switches Doubles OLED Display Life for SmartSwitch Pushbuttons
Power Consumption Also Reduced by 30 Percent
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Ecometals Limited Announces Private Placement Financing
TORONTO, ONTARIO--(Marketwire - Sept. 2, 2010) -
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Matamec identifie 2 grandes anomalies de sol en terres rares et en niobium dans le secteur de l'indice Surprise
MONTRÉAL, QUÉBEC--(Marketwire - 2 sept. 2010) - Matamec Explorations Inc. (« Matamec » ou la « Société ») (TSX CROISSANCE:MAT) est heureuse d'annoncer qu'elle a identifiée 2 grandes anomalies de terres rares et de niobium lors de son levé de sol effectué au printemps-été 2010 dans le secteur de l'indice Surprise. L'indice Surprise est localisé dans la partie Est de la propriété de terres rares-yttrium-zirconium de Zeus (voir figure 1 : http://media3.marketwire.com/docs/MAT_FIG1_FR_0902.pdf).
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Mesa Uranium Signs Definitive Agreement on the Holbrook Potash Project
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 2, 2010) - Mesa Uranium Corp. (TSX VENTURE:MSA)(PINK SHEETS:MSAJF) is pleased to announce that it has signed a Mineral Property Option Agreement with Passport Potash on the Holbrook Potash project. The project consists of Arizona State Land Department exploration leases covering 1,950 acres and is 100% wholly-owned by Mesa.
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Matamec Identifies 2 Large Rare-Earths and Niobium Soil Anomalies in the Surprise Showing Area
MONTREAL, QUEBEC--(Marketwire - Sept. 2, 2010) - Matamec Explorations Inc. ("Matamec" or the "Company") (TSX VENTURE:MAT) is pleased to announce that it has identified 2 large rare-earth and niobium anomalies during its soil sampling campaign in the Surprise showing area. The Surprise showing is located in the eastern portion of its rare-earths-yttrium-zirconium Zeus property (see Figure 1: http://media3.marketwire.com/docs/MAT_FIG1_ENG_0902.pdf).
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Alexis clôture son financement
TORONTO, ONTARIO--(Marketwire - 2 sept. 2010) -
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Alexis Closes Financing
TORONTO, ONTARIO--(Marketwire - Sept. 2, 2010) -
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Rare Earth Metals Options Strategic Claims in the Red Wine Complex
THUNDER BAY, ONTARIO--(Marketwire - Sept. 2, 2010) - Rare Earth Metals Inc. ("RA" or the "Company") (TSX VENTURE:RA) is pleased to announce that it has added to its land holdings in the Red Wine/Letitia Lake area of west central Labrador through the completion of an option agreement (the "Option Agreement") with Zimtu Capital Corp., Gary Lewis, Aubrey Budgell and Neh Pinseni ( the "Optionors") covering additional mining claims totaling 508 claim units (the "Zimtu Property"). The new claims are situated at six separate areas along the strike length of the belt and add potential strike extensions to the highly prospective mineralized zones already delineated at the historic Two Tom, Mann #1, Mann #2, and Michelin showings, as well as the newly discovered mineralization on the Playfair, South Block (see previous press releases dated August 4, 2010 and August 31, 2010). All airborne radiometric and magnetic data is being compiled on t
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NYMET Holdings Inc. (NYMH) -- NYMET Completes Mine Production Expansion to 100,000 Metric Tons as Part of $120 Million Purchase Contract
NEW YORK, NY--(Marketwire - September 2, 2010) - NYMET Holdings Inc. (PINKSHEETS: NYMH), an international metal recycling and trading company, with offices located in New York, Chicago, India, and soon to open offices in Chile, South America is pleased to announce the completion of the expansion project for the iron ore facility located in Chile, South America. Previously announced, the facility had a production rate of 50,000 metric tons per month. With the new, state of the art production plant NYMET has now increased production to over 100,000 metric tons per month.
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Tethys Petroleum Limited: Kazakhstan Drilling Update
BOZOI, KAZAKHSTAN--(Marketwire - Sept. 2, 2010) - Tethys Petroleum Limited ("Tethys" or the "Company") (TSX:TPL) today gave a brief update on its operations in Kazakhstan focused on its oil exploration and appraisal program.
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Bullion Monarch Mining Announces Drill Results From Bom Jesus Property in Brazil
ST. GEORGE, UT--(Marketwire - September 2, 2010) - Bullion Monarch Mining Inc. (OTCBB: BULM) has now completed an exploratory drilling program on the Bom Jesus property in the traditionally mineral rich Para state of Brazil. The Dourave/Bullion Joint Venture LP completed 8 drill holes with a total of 2207.05 meters of diamond drilling on its Bom Jesus Project in northern Brazil and has now received all outstanding geochemical results.
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AmeraMex International Adds Commodity Division
Network of Contacts in Africa and U.S. Presents Lucrative Opportunities for AmeraMex
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Northern Gold Intersects 26.75 Meters at 1.5 g/t Au, 43 Meters at 1.0 g/t Au and 7 Meters at 2.7 g/t Au on Current In-Fill Drill Program
TORONTO, ONTARIO--(Marketwire - Sept. 2, 2010) - Northern Gold Mining Inc. (TSX VENTURE:NGM) ("Northern Gold" or "the Company") announced today additional results from the ongoing in-fill drill program on the Garrcon Project, one of the mineralized zones known to occur within the Garrison Gold Property. Results highlights presented below are from holes GAR-10-14 and GAR-10-15 which are part of the 10,000 meter 2010 diamond drilling program.
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International Samuel Exploration Corp.: Black Water West- Targets Identified
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 2, 2010) - International Samuel Exploration Corp. (TSX VENTURE:ISS) ("Company") is pleased to announce it has completed a 440 line kilometre helicopter-borne DIGHEM electromagnetic (EM) geophysical survey, on its recently acquired Blackwater West property.
The Company engaged the services of Intrepid Geophysics to undertake a detailed analysis of the airborne data. Their analysis has identified several promising areas.
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Lundin Announces Amendment to Credit Agreement to Increase Facility to US$300 Million and Extend Term to 2013
TORONTO, ONTARIO--(Marketwire - Sept. 2, 2010) - Lundin Mining Corporation ("Lundin Mining") (TSX:LUN)(OMX:LUMI) today announced that it has executed an amended and restated credit agreement (the "Amended Credit Agreement") that increases the amount of its revolving credit facility (the "Facility") to US$300 million from $225 million, reduces its costs of borrowing and extends the term of the Facility to September 2013 from May 2012.
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First Nickel Completes US$5 Million Bridge Loan Facility
TORONTO, ONTARIO--(Marketwire - Sept. 2, 2010) - Further to First Nickel Inc.'s ("First Nickel" or the "Company") (TSX:FNI) news release of August 30, 2010, the Company is pleased to announce that it has completed its financing with Resource Capital Fund IV L.P. ("RCF IV") for a US$5 million bridge loan facility maturing on December 31, 2013 (the "Facility"). The full amount has been drawn down and will be used to commence capital development activities at the Lockerby Mine, including detailed engineering and commencement of activities to address a number of bottleneck items to ensure a smooth start-up of the main development program once full financing is arranged.
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URSA Major Minerals Announces New Management Appointments
TORONTO, ONTARIO--(Marketwire - Sept. 2, 2010) -
THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO ANY U.S. NEWS WIRE SERVICE OR FOR DISSEMINATION IN THE UNITED STATES.
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Ucore Rare Metals Inc.: Federal Agency Increases Involvement in Bokan Heavy Rare Earth Project
HALIFAX, NOVA SCOTIA--(Marketwire - Sept. 2, 2010) - Ucore Rare Metals Inc. (TSX VENTURE:UCU) ("Ucore" or the "Company") is pleased to announce that the United States Geological Survey (USGS), a division of the US Department of the Interior, has moved to increase its involvement at the Company's Bokan Mountain Heavy Rare Earth project in Southeast Alaska.
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Trevali Closes $3.76-Million Private Placement Financing
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 2, 2010) - Trevali Resources Corp. ("Trevali" or the "Company") (CNSX:TV)(PINK SHEETS:TREVF)(FRANKFURT:4TI) is pleased to announce that it has completed the non-brokered private placement financing announced August 25, 2010 issuing 3,582,144 units at $1.05 per unit, including an overallotment of 7,144 units at $1.05 per unit, for total gross proceeds of $3,761,251.20. Each unit is comprised of one common share and one-half a share purchase warrant. Each whole warrant is exercisable at a price of $1.50 per common share for a period of two years from the closing date of the financing.
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Areva Reports on Waseco's Labrador Trough Uranium Prospects
TORONTO, ONTARIO--(Marketwire - Sept. 2, 2010) - Waseco Resources Inc. (TSX VENTURE:WRI)(FRANKFURT:WSE) has received an extensive report on the 2009 exploration program carried out by AREVA (Quebec) Inc. on the Du Portage Property (formerly Block I and II) composed of 304 claims, covering 14,288 hectares, in the Quebec Labrador Trough.
The area studied is in the central portion of the Labrador Trough, a region that has been intensely explored these last years for mineral resources, following the discovery of numerous uranium showings in the 1970's. The property hosts 8 known mineral showings, 5 of which contain uranium mineralisation. In addition, the property hosts numerous radiometric and geochemical uranium indications, including values that sometimes exceed several 10's of parts
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Cabo Drilling Corp. Awarded Drill Contract by Ber Alb Sh A
NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 2, 2010) - Cabo Drilling Corp. (TSX VENTURE:CBE) ("Cabo" or the "Company") announces that Ber Alb SH A, which is part of the Ekin Maden Group located in Istanbul, Turkey, has awarded Cabo Drilling Corp. - Albania Branch, located in Tirana, Albania, a drilling contract for a minimum of 4,000 meters.
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Prophecy Secures $10 Million Loan to Advance Ulaan Ovoo Coal Mine, Mongolia
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 2, 2010) - Prophecy Resource Corp. ("Prophecy" or the "Company") (TSX VENTURE:PCY)(OTCQX:PRPCF)(FRANKFURT:1P2) has arranged a secured debt facility of up to $10 million (the "Loan") with Waterton Global Value, L.P. ("Waterton"). Subject to certain drawdown conditions, the loan may be drawn down in three tranches as follows: (a) $2 million on the closing date, which occurred as at September 1, (b) $3 million on the date Prophecy completes the acquisition of Northern Platinum Ltd. (see Prophecy news release dated July 16, 2010) and (c) $5 million at such time as Prophecy completes an off-take agreement for the Ulaan Ovoo property.
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Mutiny Advises ATW Gullewa Drilling to Commence in October
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 2, 2010) - ATW Gold Corp. (TSX VENTURE:ATW) ("ATW" or "the Company") is pleased to provide an update on the Company's Gullewa Gold Project in Western Australia. The Company's partner, Mutiny Gold Ltd. ("Mutiny" or "Mutiny Gold") recently completed planning for a RC drill program intended to upgrade the existing resource at the Gullewa Gold project's Deflector Deposit to measured status. Drilling is scheduled to begin the first week of October 2010.
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Eagle Hill Announces Exercise of Warrants and Upcoming Expiry of Warrants
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 2, 2010) - Eagle Hill Exploration Corporation ("Eagle Hill" or the "Company") (TSX VENTURE:EAG) is pleased to announce that 100% of the warrants from the Company's August 28, 2009 private placement have been exercised. These warrants were to expire August 28, 2010.
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Troy Resources NL: Company Presentation-Argentina Mining, San Juan
PERTH, WESTERN AUSTRALIA--(Marketwire - Sept. 2, 2010) - Troy Resources NL ("Troy") (TSX:TRY)(ASX:TRY)
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
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Paladin Energy Ltd Lodges Formal Bidders Statement Regarding Takeover Offer for NGM Resources Limited
PERTH, WESTERN AUSTRALIA--(Marketwire - Sept. 2, 2010) - Paladin Energy Ltd (TSX:PDN)(ASX:PDN)(NSX:PDN) ("Paladin") wishes to advise that the bidders statement in relation to the recently announced takeover of NGM Resources Limited (see Paladin news release of July 21, 2010) was today lodged with the corporate regulators in Australia. This document can be viewed at (http://media3.marketwire.com/docs/PDNtakeovrDoc.pdf), on the Company's website at www.paladinenergy.com.au or with the Company's other documents filed on SEDAR at www.sedar.com.
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B2Gold Corp. Announces Option Agreement on the Cebollati Gold Property, Uruguay and Positive Initial Trench Results
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 2, 2010) - B2Gold Corp. (TSX:BTO)(OTCQX:BGLPF) ("B2Gold" or the "Company"), is pleased to announce that it has reached an agreement with Weeping Apple S.A. ("Weeping Apple"), a private Uruguayan company, to option the Cebollati gold property located in Uruguay.
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Blackstone Announces Results from Annual General Meeting
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 2, 2010) - Blackstone Ventures Inc. (TSX VENTURE:BLV) recently held its 2010 Annual General Meeting ("AGM") in Vancouver. Resolutions passed at the meeting included the re-appointment of Hay and Watson as auditors of Blackstone, approval of Blackstone's incentive stock option plan, and the election of the following Directors:
- Donald A McInnes
- John Greig
- Michael Knuckey
- Tor Falck
- Donald Njegovan
- Dean MacEachern
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Fronteer Gold Inc.: Drilling Begins at TV Tower Gold Project in Turkey
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 2, 2010) - Fronteer Gold (TSX:FRG)(NYSE Amex:FRG) announces today that Teck Resources Limited's Turkish subsidiary, ("TMST"), our 60% joint venture partner and project operator, has commenced a 5,000 metre drill program on the TV Tower Gold Project in Northwestern Turkey. TV Tower is located within the Biga Peninsula, approximately 15 kilometres northwest of Fronteer Gold and TMST's Halilaga copper-gold porphyry deposit.
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Energy 1 Corp. Releases New Updated Website
SOUTHFIELD, MI--(Marketwire - September 2, 2010) - Energy 1 Corp. (PINKSHEETS: EGOC) (FRANKFURT: D8I) today announced that it has released its new updated company website.
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Northern Tiger Resources Identifies Additional Gold Zones at 3Ace and Provides Update on Yukon Exploration Programs
EDMONTON, ALBERTA--(Marketwire - Sept. 2, 2010) - Northern Tiger Resources Inc. ("Northern Tiger" or the "Company") (TSX VENTURE:NTR) is pleased to announce that four separate gold-bearing zones have been identified on the Company's 3Ace Property in the southeast Yukon, Canada. In addition, initial drill results from the Sonora Gulch Property in the Dawson Range area of the central Yukon have verified the existence of an underlying porphyry system.
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Axial Vector Energy Corporation JV Partner, Petrosonics LLC, Awarded Patent in India, the World's 4th Largest Oil Consumer
VIRGINIA BEACH, VA--(Marketwire - September 2, 2010) - Axial Vector Energy Corporation ("AVEC") (PINKSHEETS: AXVC) announced today that its PETRO AVEC JV partner, Petrosonics LLC, was recently awarded a patent in India, protecting the process of removing sulfur from all types of crude oil fractions through sonic energy, oxidation and the removal of all of the oxidized sulfur through hydrotreatment. The patent will remain in force for 20 years.
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Metals & Minerals Project Activity Grows to $500 Billion in the Americas, an Industrial Info News Alert
SUGAR LAND, TX--(Marketwire - September 2, 2010) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Demand for raw materials in Asia and Europe is driving growth in Metals & Minerals Industry projects in the Americas, especially in countries such as Brazil, Canada, Chile and Peru, where a large number of mining projects are being developed. Global demand is helping to offset this year's improved, yet uncertain economic climate and meager construction activity in the U.S. by opening up export markets for coal, iron ore and cement. This increased global demand is helping to take up some of the slack in domestic demand.
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Rio Tinto to Move Ahead With Plans to Develop Hope Downs 4 Iron Ore Project, an Industrial Info News Alert
BANGALORE, INDIA--(Marketwire - September 2, 2010) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Mining giant Rio Tinto plc (NYSE:RTP) (London, England) recently announced plans to invest US$1.6 billion to develop Western Australia's Hope Downs 4 iron ore project. The new mine will be connected to Rio Tinto's existing power, rail and port infrastructure in the Pilbara region. Rio Tinto expects to begin construction early next year, after obtaining the necessary regulatory approvals. When completed in 2013, the new open-cut mine is expected to produce 15 million tons per year of high quality iron ore.
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Canasia's "Clone Gold Prospect" Starts Drilling Operations
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 2, 2010) - Canasia Industries Corporation ("Canasia" and the "Company") (TSX VENTURE:CAJ)(PINK SHEETS:CANSF)(FRANKFURT:45C) has been informed by the operator that crews have now started drilling operations on the Clone Gold Prospect. Last year's drill program on the Clone Gold prospect returned grades as high as 44.75 g/t Au over 12.80 metres (announced October 22, 2009). The Clone Gold Prospect is Canasia's flagship property. The Company is spending approximately twice as much as last year on this year's drill program.
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Noranda Income Fund Announces Termination of Exclusivity Agreement With Xstrata Zinc
VALLEYFIELD, QUEBEC--(Marketwire - Sept. 1, 2010) - Noranda Income Fund (the "Fund") (TSX:NIF.UN) announced today that Xstrata Zinc, through Xstrata Canada Corporation ("Xstrata"), has provided notice that it is terminating the exclusivity agreement entered into between Xstrata and the Fund as announced on July 30, 2010, as the parties are unable to reach an agreement on the offer price for a potential transaction. The Independent Committee noted that Xstrata's revised offer presented on August 30, 2010 of $3.90 per Priority Unit of the Fund would likely not be within the fair value range which the Independent Committee believed would likely be established by the independent valuator, Canaccord Genuity Corp., in its formal valuation report as required under applicable securities legislation.
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Le Fonds de revenu Noranda annonce la résiliation de l'entente d'exclusivité avec Xstrata Zinc
VALLEYFIELD, QUEBEC--(Marketwire - 1 sept. 2010) - Le Fonds de revenu Noranda (le « Fonds ») (TSX:NIF.UN)a aujourd'hui annoncé que Xstrata Zinc, par l'entremise de Xstrata Canada Corporation (« Xstrata »), a donné un avis qu'elle mettrait fin à l'entente d'exclusivité conclue entre Xstrata et le Fonds et annoncée le 30 juillet 2010, puisque les parties sont incapables de parvenir à une entente sur le prix d'offre dans le cadre d'une opération éventuelle. Le comité indépendant a observé que l'offre révisée de Xstrata présentée le 30 août 2010 moyennant 3,90 $ la part prioritaire du Fonds ne se situait vraisemblablement pas dans une fourchette témoignant de la juste valeur susceptible, selon le comité indépendant, d'être fixée par l'évaluateur indépendant, Corporation Canaccord
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Silverado Gold Mines Ltd.: Update to August 31, 2010 News Release
Antimony Prices Soar; Silverado Drill Core Examination Shows Mineralized Widths Over 60 Feet
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Alder Announces Appointment of the Honorable Pierre Pettigrew, p.c. to the Board of Directors
TORONTO, ONTARIO--(Marketwire - Sept. 1, 2010) - Alder Resources Ltd. ("Alder" or the "Company") (TSX VENTURE:ALR) is pleased to announce the appointment of the Honorable Pierre Pettigrew, p.c. to the Board of Directors of the Company. The Honourable Pierre Pettigrew, p.c. has had a distinguished career with success in both public and private sectors. From January 1996 to February 2006, he served as a Member of Parliament. Most notably, he led a number of senior government departments in his ten years as a minister in successive federal Canadian governments. Among other positions, he has served Canada as the Minister of Foreign Affairs, Minister for International Trade and the Minister for International Cooperation. He is now with Deloitte & Touche LLP in the role of Executive Advisor, International. Prior to entering national politics, Pierre Pettigrew was the Vice President of Samson Belair Deloit
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Empire Industries Announces Proposed Private Placement, Stock Option Grants
WINNIPEG, MANITOBA--(Marketwire - Sept. 1, 2010) -
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Steele Recording Corporation Changes Name to Steele Resources Corporation and Announces Securities Awareness Campaign
CARSON CITY, NV--(Marketwire - September 1, 2010) - Steele Recording Corporation (OTCBB: SELR) (the "Company") , announced today that it has changed its name to Steele Resources Corporation in order to better represent its primary business model of precious metals exploration. Since its reorganization in June 2010, the Company has been focusing on identifying advanced stage exploration properties that meet its criteria for possible development. To date, the Company has completed in depth reviews of more than 25 properties in the Western United States and believes it is narrowing the field of prime candidates. The Company's subsidiary currently holds 30 mineral claims covering approximately 600 acres in Nevada. The Company's OTCBB trading symbol "SELR" will remain the same.
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Xstrata Zinc Terminates Letter of Intent in Respect of Proposal for NIF
TORONTO, ONTARIO and MADRID, SPAIN--(Marketwire - Sept. 1, 2010) - On July 28, 2010, Noranda Income Fund (the "Fund") and Xstrata Zinc (LSE:XTA)(ZSE:XTA.S) announced that they had entered into a non-binding letter of intent (the "LOI") with respect to a potential acquisition of the Fund by Xstrata for a cash consideration of C$3.40 per Priority Unit. On August 30, 2010, Xstrata presented an improved proposal of C$3.90 per Priority Unit to the Fund, a premium of 53% to the closing price of the Units on the day prior to Xstrata's original proposal. The Independent Committee of the Fund was unwilling to accept the revised offer, having taken into account recent market trading activity in the Fund's Priority Units. Xstrata has determined that the parties are unlikely to agree to terms for an acquisition of the Fund and accordingly today provided notice to the Fund that it has terminated the LO
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Stonebridge Resources Explorations Ltd. Completes Due Diligence in Connection With Private Company Holding Rights to Precious Metal Recovery Technology
RENO, NV--(Marketwire - September 1, 2010) - Stonebridge Resources Explorations Ltd. (PINKSHEETS: SRCX) (FRANKFURT: S3C1) reports that due diligence has been completed and the company is now in a position to commence negotiations to structure a joint venture with a private company utilizing the Precious Metal Recovery Technology in conjunction with properties located in southwestern U.S.A. The company will provide updates on negotiations as information is made available.
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Kinross Provides Additional Information on Red Back Transaction
TORONTO, ONTARIO--(Marketwire - Sept. 1, 2010) - Kinross Gold Corporation (TSX:K)(NYSE:KGC) announced today that in response to a request from Institutional Shareholder Services (ISS), the Company is providing further details regarding its friendly combination with Red Back Mining Inc. This includes additional detail to the "Background to the Arrangement" section of the management information circular dated August 16, 2010. The Company is also providing further information on its development plans for the Tasiast mine, in order to assist Kinross shareholders in evaluating the transaction.
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Donner Metals Ltd.: Les ressources présumées de Bracemac-McLeod augmentent de 2,07 millions de tonnes de sulfures massifs
Titrant 10,66 % de zinc, 1,33 % de cuivre, 41,72 g/t d'argent et 1,21 g/t
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Trueclaim Exploration Inc.: Stock Option Grants
ST. THOMAS, ONTARIO--(Marketwire - Sept. 1, 2010) - Trueclaim Exploration Inc. (TSX VENTURE:TRM) (the "Company") announces that it has granted an aggregate of 450,000 stock options to employees and an officer of the Company. The options are exercisable into common shares at a price of $0.12 per share for a term of five years from the date of grant and are subject to regulatory approval.
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Silvermet Inc. Announces 2010 Q2 Results
TORONTO, ONTARIO--(Marketwire - Sept. 1, 2010) -
T
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Eloro Resources Reschedules Shareholder Meeting
TORONTO, ONTARIO--(Marketwire - Sept. 1, 2010) - Eloro Resources Ltd. (TSX VENTURE:ELO)(FRANKFURT:P2Q) ("Eloro" or the "Company") announces that its Annual and Special Meeting of Shareholders originally scheduled for September 30, 2010 will be rescheduled to a later date, likely before the end of October. Since Eloro may have to call a Special Meeting of shareholders at which shareholders will be asked to approve the recently announced proposed business combination between it and Megastar Development Corp. (TSX VENTURE:MDV)(FRANKFURT:M5Q), Eloro has decided that it would be in the best interests of its shareholders to hold one meeting at which both routine annual business and the proposed business combination would be considered by shareholders.
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Mammoth Energy Group Signs Second Letter of Intent to Acquire Lithium Concessions of Salt Gold Inter Chile Limitata of Chile
Mammoth Energy Group to Acquire Remaining 51% of Chilean Lithium Concessions at Salar de Maricunga
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Gold Hawk Signs a Definitive Share Purchase Agreement with Oracle Ridge Shareholders
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 1, 2010) - Gold Hawk Resources Inc. ("Gold Hawk" or the "Company") (TSX VENTURE:GHK) is pleased to announce today that it has signed a definitive binding Share Purchase Agreement with the shareholders of 0830438 B.C. Ltd. ("Oracle Ridge"). Gold Hawk will purchase all of the issued and outstanding shares of Oracle Ridge by issuing an aggregate of 11,200,000 common shares in the capital of the Company to the shareholders of Oracle Ridge at the deemed price of $1.50 per common share plus $700,000 cash (the "Proposed Transaction"). The nominal purchase price for all of the shares in the capital of Oracle Ridge is $17,500,000.
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Donner Metals Ltd.: Inferred Resources at Bracemac-McLeod Expand by 2.07 Million Tonnes of Massive Sulphides
Grading 10.66% Zinc, 1.33% Copper, 41.72g/t Silver and 1.21g/t Gold Identified in the McLeod Deep Zone
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GGL Resources Corp.: Private Placement to Raise $150,000
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 1, 2010) -
NOT FOR DISSEMINATION IN THE UNITED STATES
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Orko Silver Announces $7 Million Private Placement
TORONTO, ONTARIO--(Marketwire - Sept. 1, 2010) -
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
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Inmet Mining Presentation at the Bank of America Merrill Lynch 16th Annual Canada Mining Conference
TORONTO, CANADA--(Marketwire - Sept. 1, 2010) - Mr. Jochen Tilk, President and Chief Executive Officer of Inmet Mining Corporation (TSX:IMN), will be speaking on Friday, September 10, 2010 at 10:20 a.m. Eastern Time at the Bank of America Merrill Lynch 16th Annual Canada Mining Conference being held in Toronto, Ontario at the Sheraton Centre Toronto Hotel. Slides of the presentation will be available on Inmet's website prior to the presentation.
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Osisko and Clifton Star Intersect 27 Metres Averaging 3.38 g/t Au at Duparquet
MONTREAL, QUEBEC--(Marketwire - Sept. 1, 2010) - Osisko Mining Corporation ("Osisko") (TSX:OSK)(FRANKFURT:EWX) and Clifton Star Resources Inc ("Clifton") (TSX VENTURE:CFO)(FRANKFURT:C3T) are pleased to announce results from thirty-seven additional holes from the 2010 drill program at the Duparquet Project, located in the Abitibi region of Quebec. Significant intersections from the new drill holes from the Beattie property include 27.0 metres averaging 3.38 g/t Au (BD10-209), 42.8 metres averaging 1.81 g/t Au (BD10-216) and 27.5 metres averaging 1.83 g/t Au (BD10-187). Assay results are summarized in the table below.
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Osisko et Clifton Star recoupent 27 mètres à une teneur moyenne de 3,38 g/t Au à duparquet
MONTREAL, QUEBEC--(Marketwire - 1 sept. 2010) - Corporation Minière Osisko («Osisko») (TSX:OSK)(FRANCFORT:EWX) Clifton Star Resources Inc. («Clifton») (TSX CROISSANCE:CFO)(FRANCFORT:C3T) ont le plaisir d'annoncer les résultats de trente-sept nouveaux sondages réalisés dans le cadre du programme de forage 2010 au projet Duparquet, situé dans la région de l'Abitibi au Québec. Les intervalles significatifs recoupés dans les nouveaux sondages sur la propriété Beattie comprennent notamment 27,0 mètres à une teneur moyenne de 3,38 g/t Au (BD10-209), 42,8 mètres à une teneur moyenne de 1,81 g/t Au (BD10-216) et 27,5 mètres à une teneur moyenne de 1,83 g/t Au (BD10-187). Les résultats d'analyse sont résumés dans le tableau ci-dessous.
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Messina Minerals Inc. Announces Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 1, 2010) - Messina Minerals Inc. (TSX VENTURE:MMI) (the "Company") is pleased to announce a non-brokered private placement of up to 1,500,000 units of its securities at a price of $0.10 per unit for gross proceeds of up to $150,000. Each unit will consist of one common share and one common share purchase warrant entitling the holder to subscribe for one additional common share at a price of $0.12 for a period of two years from closing.
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First Source Resources Inc. and CB Gold Inc. Announce that Mr. Hernan Martinez Torres-Former Colombian Minister of Mines and Energy-Will Join the Board of Directors of CB Gold Inc.
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 1, 2010) -
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NovaGold Appoints Gerry McConnell as Chairman of the Board
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 1, 2010) - NovaGold Resources Inc. (TSX:NG)(NYSE Amex:NG) today announced that Gerry McConnell has been appointed Chairman of the company's Board of Directors. Rick Van Nieuwenhuyse continues as President and Chief Executive Officer of the company and will remain on the Board as a Director.
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Kinetex Arranges Private Placement of Up to $1 Million
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 1, 2010) -
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Endeavour Silver Identifies Three New Silver Veins, Acquires Three New Mining Properties in Guanacevi Silver District, Durango State, Mexico
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 1, 2010) - Endeavour Silver Corp. (TSX:EDR)(NYSE Amex:EXK)(DBFrankfurt:EJD) announces that it has identified three new silver veins and acquired three new mining properties (click here to see maps) in the San Pedro area of the Guanacevi silver district in Durango State, Mexico.
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Ascot Resources Commences Diamond Drilling on the Mt. Margaret Property
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 1, 2010) - Ascot Resources Ltd. (TSX VENTURE:AOT) ("Ascot") is very pleased to announce the drilling has commenced as of September 1, 2010 on the Mt. Margaret property in the St. Helens Mining district of Skamania county in Washington state. Ascot is drilling the first of an initial 14 hole diamond drill program within the historic deposit to confirm historical grades and to start filling large internal gaps in the system. Drilling is contracted to More Core Drilling Ltd. and will consist of approximately 5,000 meters of NQ2 diamond drilling.
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Key Gold Announces the Acquisition of the Musset Lake Copper Property Containing a Near Surface Historic Mineral Resource of 110 Million Tonnes Grading 0.23% Copper
QUÉBEC CITY, QUÉBEC--(Marketwire - Sept. 1, 2010) - KEY GOLD HOLDING INC. (TSX VENTURE:KGH) ("KGH" or the "Company") Robert Séguin, president, is pleased to announce that Key Gold has signed a Binding Letter of Agreement (the "Agreement") to acquire a 100% interest in the Musset Lake Copper Property (the "Property") consisting of 82 mining claims covering 3,998.1 hectares or 40 km2. The Property is located 90 km north of Schefferville (Quebec) and can be accessed in the summer by helicopter and/or float-plane. There is road access from Schefferville to New Millenium's KéMag Iron Property located 40 km to the southeast.
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Coalcorp Provides Updated Default Status Report
TORONTO, ONTARIO--(Marketwire - Sept. 1, 2010) - Coalcorp Mining Inc. ("Coalcorp" or the "Company") (TSX VENTURE:CCJ.H) is providing its twenty-fourth Default Status Report in accordance with National Policy 12-203: Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203"). On September 16, 2009, the Company announced that it would be delayed in the filing of its annual financial statements and related MD&A for the financial year ended June 30, 2009 (the "Annual Financials") and 2009 Annual Information Form beyond their filing deadlines of September 28, 2009. Coalcorp has since filed its Annual Financials and its 2009 Annual Information Form.
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Colombian Mines Updates Progress at Yarumalito, Rio Negro and Venecia Projects
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 1, 2010) - Colombian Mines Corporation ("Colombian Mines" or "the Company") (TSX VENTURE:CMJ) is pleased to announce the discovery of two new gold bearing zones at Rio Negro and the continued definition of high grade gold mineralization on the Yarumalito drill project. Work programs are ongoing at the Company's projects as provided in the update below. For further project information, please refer to the Company website at www.colombianmines.com.
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Darnley Bay Resources Begins Drilling Its Base Metals Targets
TORONTO, ONTARIO--(Marketwire - Sept. 1, 2010) - Darnley Bay Resources Limited ("Darnley Bay") (TSX VENTURE:DBL) is pleased to announce that Northtech Drilling Ltd. commenced drilling Darnley Bay's first 2010 base metals target on August 28. The drill had been mobilized from the Parry Peninsula 90 km to the northwest where the first phase of drilling for kimberlite pipes, under the joint venture with Diadem Resources Ltd., was completed last week.
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EGPI Firecreek, Inc. and E-ViEWS Safety Systems Announce Approval of Contract for Expansion in Harris County, Texas
Contract Valued at Approximately 12 Million Dollars Over Next Five Years
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Revett Announces Additional Silver Wheaton Corp. Subscription
SPOKANE VALLEY, WA--(Marketwire - September 1, 2010) - Spokane Valley, Washington September 1,
2010; Revett Minerals Inc. (TSX: RVM) (OTCBB: RVMIF) ("Revett" or the
"Company) is pleased to announce that Silver
Wheaton has subscribed for additional shares to maintain its shareholdings
at
16.4% of issued and outstanding shares in Revett.
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Southern Silver Wins Auction for State Land Leases at Oro and Renews Exploration Program
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 1, 2010) - Southern Silver Exploration Corp (TSX VENTURE:SSV)(FRANKFURT:SEG) reported that it was the successful bidder for two parcels of New Mexico State Land, which are critical to the further evaluation of its Oro property. This lease acquisition increases the project area to 1,127 hectares. The Company ceased exploration activities after completing a five-hole, 1645-metre diamond drill program earlier this year and delayed release of drill results pending the outcome of the New Mexico land auction, which had been postponed by the State several times.
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Prospero Drills 3.12 Meters of 13 g/t Au, 24.5 g/t Ag at the Baborigame Project, Chihuahua
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 1, 2010) - Prospero Silver Corp (TSX VENTURE:PSL) (the "Company") is pleased to report the results of Phase 1 drilling at its Baborigame project in southwestern Chihuahua state, Mexico. The project area has a total of 9 vein systems some of which had historic mining. In this first drilling program, 4 of the veins were drilled. Highlights include diamond drill hole PBAB-10-11 with 13 g/t Au and 24.5 g/t Ag over a core length of 3.12 meters; diamond drill hole PBAB-10-09 with 6.1 g/t Au and 75.2 g/t Ag over a core length of 1.4 meters, and diamond drill hole PBAB-10-08 with 2.3 g/t Au and 11 g/t Ag over a core length of 1.58 mts. All three intersections were under the historic Los Angeles mine (see figure at bottom of this News Release). Three other vein systems were drilled in the district including the Diente de Oso vein; the Encerredora North vein and the Cebollas vein (one d
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Amarillo Receives Initial Resource Estimate for the Butia Prospect
215,000 oz in 6.39MT @ 1.05g/t Gold indicated, and 308,000 oz in 12.88MT @ 0.74g/t Gold inferred, using 0.3g/t cut-off, Lavras do Sul, Brazil
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Riverstone Increases Strike Length of the Goulagou I Deposit to 1.5 Kilometres
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 1, 2010) - Riverstone Resources Inc. (TSX VENTURE:RVS)(FRANKFURT:3RV) is pleased to report more positive results from the drill program at its Goulagou I gold deposit in Burkina Faso, West Africa (to see map please visit: http://www.riverstoneresources.com/i/maps/100830_GGI_PlanV8_0.jpg). The goal of the drill program is to upgrade and expand the current resource at the two Goulagou deposits, as well as the other two deposits that comprise the Company's Karma gold project.
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Revett Announces Additional Silver Wheaton Corp. Subscription
SPOKANE VALLEY, WASHINGTON--(Marketwire - Sept. 1, 2010) - Revett Minerals Inc. (TSX:RVM) (OTCBB:RVMIF) ("Revett" or the "Company) is pleased to announce that Silver Wheaton has subscribed for additional shares to maintain its shareholdings at 16.4% of issued and outstanding shares in Revett.
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KAT Exploration Inc. to Drill Test IOCG Targets at Rusty Ridge
MOUNT PEARL, NL--(Marketwire - September 1, 2010) - KAT Exploration, Inc. (PINKSHEETS: KATX) (www.katexploration.com) is pleased to inform its shareholders and investment community that the company is now ready to begin drilling on its 100% wholly owned Rusty Ridge Iron Oxide Copper Gold (IOCG) property. Tenders are being called for the drilling program, and as announced earlier, all permits are in place with two distinct targets being defined for deep drilling.
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Bravo Plans $3.0 Million Flow-Through Financing to Expand Homestake Ridge Drill Program
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 1, 2010) -
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Canasil Closes $150,000 Private Placement by MAG Silver Corp.
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 31, 2010) - Canasil Resources Inc. (TSX VENTURE:CLZ) (Canasil) announces that the Company has closed the previously announced private placement by MAG Silver Corp. of 1,500,000 units at an exercise price of $0.10 per unit for gross proceeds of $150,000. MAG Silver has entered into this private placement in connection with its option to earn a 60% interest in Canasil's La Esperanza Silver project in Zacatecas and Durango States, Mexico. The Company has completed all formalities for the issuance of the shares and warrants for this placement and the placement has closed effective August 27, 2010.
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Merc International Minerals Inc.: New Board Member-Private Placement Financing
TORONTO, ONTARIO--(Marketwire - Sept. 1, 2010) - Merc International Minerals Inc. ("Merc") (TSX VENTURE:MRK) announced today that it has appointed David Wiley to its Board of Directors and that it proposes to complete a non-brokered offering of up to $1,000,0000.
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PAW Extends Closing of Acquisition and Initial Financing
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 1, 2010) -
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REPEAT: Laurion Confirms and Extends High Grade Gold Mineralization at Marge Vein, Sturgeon River
TORONTO, ONTARIO--(Marketwire - Sept. 1, 2010) - Laurion Mineral Exploration Inc. (TSX VENTURE:LME)(OTCBB:LMEFF) ("Laurion") is pleased to report assay results from the Company's drill program conducted at the Sturgeon River Property in Beardmore, Ontario. The target of the drill program, which consisted of five holes over a 150 metre strike length, was the gold-rich Marge Vein. The Marge vein is contained within a sheared diorite and hosted minor pyrite system. The drill holes were designed to intersect the vein at right angles and to confirm and extend indications of high grade gold stemming from historical trenching and channel sampling.
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Glass Lewis Recommends Red Back Shareholders Vote "For" Kinross Combination
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 1, 2010) - Red Back Mining Inc. (the "Company" or "Red Back") (TSX:RBI) today announced that Glass, Lewis & Co., LLC ("Glass Lewis") has provided a positive recommendation regarding the proposed friendly combination with Kinross Gold Corporation ("Kinross"). Glass Lewis has recommended that Red Back shareholders vote "FOR" the proposed acquisition of Red Back by Kinross.
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Novus Gold Corp.: Airborne Survey Completed Over REN Gold Property
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 1, 2010) - Novus Gold Corp. (TSX VENTURE:NOV)(OTCQX:NVXXF)(FRANKFURT:VGN) is pleased to announce the completion of a 1,120 kilometre airborne geophysical survey over its 100% owned REN Property, Point Lake, Northwest Territories. Geotech Ltd. completed the survey using their state-of-art VTEM (time-domain electromagnetic) system carried by a helicopter with a line-spacing of 100 metres. Preliminary analysis of the results clearly indicates a close association between the 20 known gold-bearing bedrock occurrences and the electromagnetic and magnetic trends identified within the REN property by the survey.
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Glass Lewis Recommends Kinross Shareholders Vote "FOR" Red Back Combination
TORONTO, ONTARIO--(Marketwire - Sept. 1, 2010) - Kinross Gold Corporation (TSX:K)(NYSE:KGC) today announced that Glass, Lewis & Co. LLC ("Glass Lewis") has provided a positive recommendation regarding its proposed friendly combination with Red Back Mining Inc. Glass Lewis has recommended that Kinross shareholders vote "FOR" the issuance of Kinross shares and warrants in connection with the acquisition.
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Concerned Shareholders of EurOmax Resources Ltd. Respond to Decreasing Cash Reserves
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