Lundin Mining First Copper Produced at Tenke Fungurume
Lundin Mining Corporation announce that the first copper cathode has been produced by the world class Tenke Fungurume copper/cobalt project in the Democratic Republic of Congo. Lundin Mining holds a 24.75% equity interest in the project. The project’s initial high-grade oxide ore facilities have been designed to achieve approximately 115,000 metric tonnes of copper cathode and 8,000 tonnes per...
Texada Ventures Inc. Term Sheet with Royalty Exploration LLC
Texada Ventures Inc. announce that on March 9, 2009 it entered into an Amended Term Sheet with Royalty Exploration LLC whereby Texada will acquire 100% of REX’s issued and outstanding shares. In conjunction with the transaction, the Company has commenced a concurrent private placement financing of up to $40 million. REX leverages patented cutting edge technology coupled with traditional exploration...
Royal Roads revises loan amount due by Acadian Mining subsidiary, ScoZinc Limited
Royal Roads Corp. announced that during the course of its year end audit activities, it determined that the inter-company advances between the Corporation and Acadian Mining Corporation and Acadian’s wholly-owned subsidiary, ScoZinc Limited , at November 28, 2008 was $362,052 more than previously reported (see News Release dated December 1, 2008). The documentation evidencing the loan has been...
Consolidated Thompson Announces US$240 Million Strategic Investment from Wuhan Iron and Steel Group
Consolidated Thompson Iron Mines Limited announce the signing of a letter agreement with Wuhan Iron and Steel (Group) Corporation, one of China’s largest steel producers, for a strategic investment by WISCO into Consolidated Thompson. The letter agreement provides for WISCO to make a total investment in CLM of US$240 million and in return CLM will issue 29,748,897 common shares of Consolidated...
EXMIN Signs Letter of Intent to Sell Its Moris Mine Interest
EXMIN Resources Inc. announces that it has signed a Letter of Intent to sell its 30% shareholding interest in Minas Santa Maria de Moris, S.A. de C.V., the Mexican holding company of the Moris mine, in western Chihuahua state, Mexico. MSMM is owned jointly by EXMIN 30% and Hochschild Mining Plc. (Hochschild) 70%. Hochschild has been the operator since the companies purchased the Moris mine in December,...
StrataGold undergoes dilution on BRL Venture, Guyana
StrataGold Corporation announces that it participated in the previously approved 2008 Phase II exploration Program on the BRL Venture, a joint venture with Newmont Overseas Exploration Limited, a subsidiary of Newmont Mining Corporation. Since StrataGold did not fully contribute in order to maintain its 50% Participating Interest in the BRL Venture, StrataGold’s Participating Interest in the...
Redcorp Announces Court Ordered Extension of Stay and Related Relief Under CCAA Restructuring
Redcorp Ventures Ltd. announced that all of the relief granted in the order made by the British Columbia Supreme Court pursuant to its filing with Redfern Resources Ltd. under the Companies’ Creditors Arrangement Act (“CCAA”) on March 4, 2009, including the stay period as therein defined, is continued and extended until June 16, 2009 by order of the Court. The Court ordered that Redcorp...
Houston Lake Mining Completes Phase III Drilling at Dubenski Property
Houston Lake Mining Inc., an advanced exploration company seeking gold, platinum group and rare metal deposits in Ontario, is pleased to announce that a 18 hole, 2,000 metre (6,560 ft.) diamond drill program has been completed on the Company’s 100 percent optioned Dubenski Property located near Kenora, Ontario. A total of 150 drill core samples have thus far been shipped for fire assay analysis....
American Creek announces $1,250,000 private placement offering
American Creek Resources Ltd. announced that it will be offering on a non-brokered private placement basis up to 1,000,000 units at a price of $1.25 per Unit for gross proceeds of $1,250,000 if the Offering is fully subscribed. Each Unit will consist of four flow-through common shares of the Corporation along with one non flow-through common share of the Corporation and two and one half non-transferable...
Mantis acquires 100% ownership of the Cree Lake Gold Property
Mantis Mineral Corp announce that it now owns 100% interest in its Cree Lake Gold Property having fulfilled the terms of its option agreement. The terms of the agreement were 240,000 Mantis shares over a 3-year term, plus $100,000 in exploration expenditures by the expiration of the agreement June 6, 2010. The Vendors retain a 1 1/2% NSR (net smelter royalty). The option agreement executed June 6th,...
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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...
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