EXMIN and Canarc Resource Finalize Santiago Joint Venture at Batopilas, Chihuahua, Mexico
EXMIN Resources Inc. announce the signing of the definitive agreement with Canarc Resource Corp. for a joint venture option on a portion of its 45,000 hectare Batopilas project land holdings. A letter agreement was originally signed in September, 2007. EXMIN has received 15,000 Canarc shares and a payment of US$25,000 as part of the agreement. Canarc can acquire up to a 75% interest in a 791 hectare...
MDN Inc.: Large High-Grade Intersection at 4 km From the Main Zone at Viyonza
MDN Inc. announce the results of the first phase of the 2008 drilling program on the Viyonza project, located 15 km north of the Tulawaka Gold Mine in Tanzania. The drill program consisted in 708 metres diamond drilling (DD) in the main mineralized zone in Block A, 5,797 metres of reverse circulation (RC) drilling and 1,176 metres of rotary air blast drilling (RAB) to extend known mineralization and...
Ringbolt Acquires Arizona Potash Project
The Company, through its 90% owned US subsidiary, applied for and received 15 State Exploration Leases (“Arizona Leases”) on lands located in the Holbrook Basin, Apache County, Arizona. Recently released Arizona Geological Survey open file report (OFR 08-07 Rauzi 2008) states that the Holbrook Basin is, potentially underlain by 3,500 square miles of salt beds, 600 square miles of which...
Elray Resources Provides Overview of Senator Project in Area Known to Host a Number of Base Metal and Gold Occurrences
Elray Resources, Inc., a technically driven gold and precious mineral exploration company, provide an overview of the Senator Project, located in a mineral-rich region of Cambodia. The Senator Mine Project is a very good exploration target with the reported underground working, map reference by the French mapping and reporting of the 1970s and observed mineral and waste materials on the surface. The...
Bayswater Commences Drilling Program on Newly Discovered Minisinakwa Lake High-Grade Uranium Showing, Central Mineral Belt of Labrador
Bayswater Uranium Corporation report on a high-grade uranium showing discovered in the Lake Minisinakwa area of the Central Mineral Belt of Labrador. Prospecting has uncovered a series of angular, frost heaved uraniferous boulders that are believed to be near source. The boulders occur along a linear topographic feature which coincides with a magnetic high anomaly, over a minimum strike length of 1.7...
Mechel Acquires New Komatsu Dump Trucks At Its Yakutugol OAO Coal Subsidiary
Mechel OAO, one of the leading Russian mining and metals companies, announces the acquisition of three Komatsu AFE 830E mine dump trucks at its Yakutugol OAO coal mining subsidiary as part of its capital investment program. The mine dump trucks, with carrying capacity of 220-tonnes, will be used for overburden transportation. The new mine machinery was acquired in line with Yakutugol OAO’s technical...
Roxmark reports encouraging results from drilling on gold veins at Nortoba-Tyson molybdenum/gold property
Roxmark Mines Limited announced that its second surface diamond drilling program for the year has been completed on gold veins at its Nortoba-Tyson moly-gold property, encountering gold mineralization in every hole drilled along the strike length. A total of 1,358 metres was drilled to delineate the gold mineralization of Veins No.1, 1A and 2. Following the completion of mechanical stripping, geological...
Pacific North West Capital and Benton Resources Commence Drill Program on Heenan Property, Swayze JV Project
Pacific North West Capital Corp. and Benton Resources Corp. are pleased to announce that drilling has commenced on the Heenan Property’s Hussey-Aube gold zone which is part of the Benton-PFN joint venture in the Swayze Greenstone Belt, southwest of Timmins, Ontario. Gold mineralization was first discovered by prospectors J. Hussey and A. Aube in 1997 and has not seen any exploration activity...
Nevada Sunrise Completes IPO and Finalizes Summer Drill Program
NEVADA SUNRISE GOLD CORPORATION has completed its Initial Public Offering (IPO) and commenced trading on Tier 1 of the TSX Venture Exchange on September 22, 2008, under the symbol (CDNX:NEV.V). The Company issued 10 million shares of stock at a price of $0.25 per share for gross proceeds of $2.5 million. Bolder Investment Partners, Ltd. acted as agent for the offering. Bill Henderson, CEO, congratulated...
Bancroft to Diversify Into Energy Market With Planned Acquisition of Oil and Gas Projects
Bancroft Uranium Inc. announced its plans to move forward with a strategic portfolio diversification including the planned acquisition of new and exciting opportunities within conventional sectors of the energy market. Further to this aim, Bancroft is currently finalizing terms towards the acquisition of several Canadian oil and gas plays that Management finds of significant interest. The projects...
Latest Mining News
Philex Gold Receives Interim Order for Transaction With Philex Mining Corporation
Philex Gold Inc. announced that it has obtained an interim order from the Ontario Superior...
American Mining Corporation Signs LOI to Form Production Joint Venture on Terra Gold Project, Alaska
American Mining Corporation announce that it has signed a binding letter of intent to enter...
Subscribe to Mining Top News Newsletter
Sign up to receive daily email updates of Mining Top News headlines. Enter your email address below:
Mining Top News - Exploration and Mining Industry News
