Hawthorne Amends and Exercises Bourdon Option Agreement at Frasergold
Hawthorne Gold Corp. has entered into an amending option agreement, subject to regulatory approval, to acquire a mineral claim from Bob Bourdon (“Bourdon”), that is located in the historic Cariboo Gold Mining District of central British Columbia. This property is located between the Hawthorne-optioned Frasergold Property owned by Eureka Resources Inc. and the Hawthorne-optioned Dajin Resources...
Alturas Announces Resolution of Contract Dispute Over Huilacollo Project, Peru
Alturas Minerals Corp. announce the resolution of the contract dispute between the Company and Inversiones Sol y C S.A.C (“Inversiones”) regarding the Huilacollo gold project in Southern Peru. As disclosed in a previous press release dated October 30, 2008, Inversiones was claiming an entitlement to a US$1.2 million payment under the terms of the original agreement. Alturas disputed Inversiones’...
Energtek Anticipates Increase of NatGas Activities in India
Energtek Inc., a world leader in the development of Adsorbed Natural Gas (ANG) technology, announced that additional Natural Gas (NG) production capacity, plus rebounding oil prices will increase the likelihood of significant revenues for the company’s subsidiary in India. Energtek announced earlier this month, that the company’s subsidiary Moregastech India Private Limited expects to report...
Golden Chalice Resources Discovers New W3 Target Area at Langmuir
Golden Chalice Resources announce the discovery of new nickel mineralization approximately 500 meters east of the Langmuir Nickel Discovery Zone at its Langmuir Property, 35 km southeast of Timmins, Ont. Hole GCL09-11, the last hole of the 2009 winter drilling program, returned elevated nickel mineralization grading up to 0.34% nickel over a 2.4-meter drilled width from 372.50 to 374.90 meters, which...
Nevada Sunrise Completes Updated NI 43-101 Technical Report for Golden Arrow Project
Nevada Sunrise Gold Corporation completed its updated NI 43-101 Technical Report for the Golden Arrow project located in Nye County, Nevada. The updated mineral resource report includes results from the 2008 drilling program. The Classified Mineral Resource report is quoted at a variable cut-off grade of 0.010 ounces per ton (opt) gold for oxide material and 0.015 opt gold for non-oxidized material...
Electra Gold Hires a New Mining Contractor to Lower Costs and Increase Efficiency
Electra Gold Ltd. announce the engagement of Jedway Enterprises as the prime mining contractor at its PEM100 Quarry, located on Northern Vancouver Island. The readily accessible alumina and silica resources that are mined form the raw materials component supplied to major cement companies in the making of cement. In this economic downturn we are projecting to supply over 100,000 metric tonnes to our...
Northern Superior Resources Inc. Signs Option Agreement With INV on the Thorne Lake Gold Property
Northern Superior Resources Inc., a junior exploration company whose focus is exploring for gold on the Superior Province of the Canadian Shield report that it has entered into an option / joint venture agreement with International Nickel Ventures Corporation (INV) on Northern Superior’s Thorne Lake gold property. By entering into this option agreement, exploration on Northern’s Thorne...
Etruscan Concludes US$5 Million Debt Financing
Etruscan Resources Inc., a gold focused Canadian junior mining company with dominant land positions in district scale gold belts covering more than 13,000 square kilometers in West Africa announced today that it has completed in escrow a US$5 million debt financing with two major shareholders, 2190776 Ontario Inc. and Conus Partners Inc. consisting of senior unsecured convertible promissory notes....
Homeland Energy Group Provides Operations Update for Kendal Colliery & Exploration Projects in South Africa
Homeland Energy Group Ltd. provide an update on the status of its Kendal Colliery following a planned shut-down for plant improvements and on its key exploration projects in South Africa. “While the first year of any operation is filled with a certain amount of excitement, it is also the year in which the operations team makes adjustments and improvements to ensure the operations run according...
NEC sells 30% of shares in Norse Energy do Brasil
Norse Energy Corp. ASA has sold 30% of the shares in the previously wholly-owned subsidiary Norse Energy do Brasil for a cash consideration of USD 30 million. The buyer is Sector Speculare (Private Equity) IV, a fund managed by Sector Omega ASA. Funds managed by Sector are also the largest shareholder in Norse Energy Corp. ASA. The transaction values Norse Energy do Brasil at enterprise value USD 210...
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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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