Archive for February, 2009

Slam Exploration announces zinc – lead – silver resource at Nash Creek

Thursday, February 12th, 2009
Slam Exploration announces zinc - lead - silver resource at Nash Creek

SLAM Exploration Ltd. announces it has received a draft 43-101 Technical Report and resource estimate from Wardrop Engineering Inc. for its wholly-owned Nash Creek Project in New Brunswick. Using a 2% Zinc Equivalent cut-off and after mill recoveries are factored in, Wardrop estimates the Nash Creek deposit contains an indicated resource of 7,807,900... readmore

Lake Victoria Mining Company, Inc.- Kalemela Emerging Gold Project Update, Tanzania

Thursday, February 12th, 2009
Lake Victoria Mining Company, Inc.- Kalemela Emerging Gold Project Update, Tanzania

Lake Victoria Mining Company Inc. provide an update of exploration activities at its Kalemela Gold Project in northern Tanzania. This emerging gold exploration project lies northeast of the Company’s Geita Gold Project and 140 kilometers northeast of the town of Mwanza. The Kalemela Gold Project is assumed to be the western extension of the Kilimafedha... readmore

Mirasol Options the Nico Silver-Gold Project to Coeur dAlene Mines

Thursday, February 12th, 2009
Mirasol Options the Nico Silver-Gold Project to Coeur dAlene Mines

Mirasol Resources Ltd. announces that it has signed an exploration option agreement with Coeur d Alene Mines to explore and develop Mirasol’s 100% owned Nico Project, located in the Deseado Massif gold-silver epithermal district of Santa Cruz province, southern Argentina. The terms of the agreement provide that Coeur spend US $2.3 million in exploration... readmore

Pan American silver closes US$103 million public offering of common shares

Thursday, February 12th, 2009
Pan American silver closes US$103 million public offering of common shares

Pan American Silver Corp. has closed its previously announced public offering of common shares. Pursuant to the Offering, the Company today issued 6,371,000 common shares at a price of US$16.25 per share, for aggregate gross proceeds of US$103,528,750 and total proceeds, net of underwriting fees, of US$98,611,134, including the exercise in full of... readmore

Option payment received for sale of the Basin Coal Mine

Thursday, February 12th, 2009
Option payment received for sale of the Basin Coal Mine

Compliance Energy Corporation announces that further to the Company’s announcements on August 7, and December 18, 2008 regarding an option to NWPC Pty Ltd for the purchase of 100% of the Company’s interest in the Basin Coal Mine located near Princeton BC, for consideration of cash and shares totaling $8.25 million, the Company has now received... readmore

Murgor starts drilling at Abbott Lake, Saskatchewan

Thursday, February 12th, 2009
Murgor starts drilling at Abbott Lake, Saskatchewan

Murgor Resources Inc. announced it will start a drilling program at its Fon property in Saskatchewan, on February 23rd, 2009. The drilling program will be testing a target defined by a large electromagnetic geophysical anomaly detected from surface by InfinitEM and confirmed by borehole Pulse EM method. The anomaly is located less than 100 metres on... readmore

Freeport-McMoRan Copper & Gold Inc. Completes At-the-Market Offering of Common Stock

Thursday, February 12th, 2009
Freeport-McMoRan Copper & Gold Inc. Completes At-the-Market Offering of Common Stock

Freeport-McMoRan Copper & Gold Inc. announced that it has completed its at-the-market offering of common stock. FCX raised $750 million in gross proceeds through the sale of 26.8 million shares of FCX common stock in open market transactions at an average price of $28.00 per share. James R. Moffett, Chairman of the Board, and Richard C. Adkerson,... readmore

Canasia Industries Corporation: Work Program Initiated on 453,058 Acre Potash Prospect

Thursday, February 12th, 2009
Canasia Industries Corporation: Work Program Initiated on 453,058 Acre Potash Prospect

Canasia Industries Corporation has engaged Dahrouge Geological Consulting Ltd. of Edmonton Alberta, to initiate a work program on its 100% owned Potash Prospect located on the Alberta/Saskatchewan border. This initial work program will consist of acquiring and interpretation of seismic data over the highest priority potential drill sites. These permits... readmore

Alcoa Inc. and Aluminum Corporation of China to Explore Strategic Ventures

Thursday, February 12th, 2009
Alcoa Inc. and Aluminum Corporation of China to Explore Strategic Ventures

Chinalco and Alcoa jointly announced today that the two companies intend to explore opportunities to expand their commercial relationship by identifying strategic ventures that will benefit from the companies’ complementary strengths in bauxite, alumina, aluminum and fabricated products. “Alcoa is a respected leader in our industry and a valuable... readmore

Canasia Industries Corporation: Ground Geophysics Program Completed at Reed Lake

Thursday, February 12th, 2009
Canasia Industries Corporation: Ground Geophysics Program Completed at Reed Lake

Canasia Industries Corporation has been notified by the operator of the Reed Lake Prospect that the ground geophysics program is now complete. Due to the nature of the electromagnetic anomalies, the company increased the size of the ground grids to cover 31.2 line kilometres instead of 24 kilometres. The grids were one of the areas selected by Condor... readmore