Archive for July, 2011

Goldcorp Supports Acquisition Of Primero Mining Corp By Northgate Minerals Corporation

Wednesday, July 13th, 2011
Goldcorp Supports Acquisition Of Primero Mining Corp By Northgate Minerals Corporation

GOLDCORP INC. today agreed to support the proposed transaction by which Northgate Minerals Corporation will acquire all of the issued and outstanding shares of Primero Mining Corp. The transaction will be effected through a plan of arrangement under the British Columbia Business Corporations Act. Goldcorp controls 35.5% of the outstanding shares of... readmore

Spanish Mountain Announces Closing of $20 Million Financing

Wednesday, July 13th, 2011
Spanish Mountain Announces Closing of $20 Million Financing

Spanish Mountain Gold Ltd. announce that it has closed its private placement offering (the “Offering”), previously announced on June 30, 2011. Pursuant to the Offering, 33,333,328 units (the “Units”) have been placed at a price of $0.60 per unit for total gross proceeds of approximately CAD$20,000,000. Due to stronger than expected... readmore

Sandstorm Gold Acquires a Gold Stream on the Xstrata Operated Bracemac-McLeod Property

Wednesday, July 13th, 2011
Sandstorm Gold Acquires a Gold Stream on the Xstrata Operated Bracemac-McLeod Property

Sandstorm Gold Ltd. announce the completion of a gold purchase agreement (the “Agreement”) with Donner Metals Ltd. (“Donner”) (TSX-V:DON – News) (via a back-to-back agreement with Sandstorm Metals & Energy Ltd. (“Sandstorm Metals & Energy”) to acquire an amount of gold and gold equivalent based on... readmore

Mammoth Energy Group to Create Non Executive Advisory Board

Wednesday, July 13th, 2011
Mammoth Energy Group to Create Non Executive Advisory Board

Mammoth Energy Group Inc., a lithium and alternative energy mining company announced today that it is creating a non executive advisory board for strategic consulting to the company. The board will be comprised of an international mix of advisors focused on the strategic development of the company and potential joint partners. Mammoth Energy Group’s... readmore

Strike Minerals Amends Terms of Non-Brokered Private Placement of Up to $1,000,000

Wednesday, July 13th, 2011
Strike Minerals Amends Terms of Non-Brokered Private Placement of Up to $1,000,000

Strike Minerals Inc. wishes to announce that further to its press release dated June 20, 2011, the terms of the private placement have been revised to amend the Offering. Subject to regulatory approval, Strike proposes to complete, a non-brokered private placement of up to $1,000,000 consisting of up to $700,000 in Flow-Through Units (“FT Units”)... readmore

Condor Discovers New Epithermal Gold-Silver Occurrence in Peru

Tuesday, July 12th, 2011
Condor Discovers New Epithermal Gold-Silver Occurrence in Peru

Condor Resources Inc. announce that its ongoing generative regional exploration program in South America has resulted in the discovery and staking of a new precious metals occurrence in northern Peru in the same prolific volcanic belt that is host to Barrick Gold Corporation’s Pierina and Alto Chicama gold mines. Located 45 km south of the Peirina... readmore

Texas Business Prospers Off Unique Approach to Gold & Silver Buying

Tuesday, July 12th, 2011
Texas Business Prospers Off Unique Approach to Gold & Silver Buying

As analysts predict gold prices will continue to climb, customers of Gold & Silver Buyers, the largest purchaser of gold and silver in the state of Texas, are taking advantage of the company’s larger than usual payouts. Gold & Silver Buyers credits the fact that because it owns its own gold and silver refinery, there is no middleman,... readmore

Aura Minerals Awards Feasibility Study on Serrote Deposit to SNC-Lavalin Inc.

Tuesday, July 12th, 2011
Aura Minerals Awards Feasibility Study on Serrote Deposit to SNC-Lavalin Inc.

Aura Minerals Inc. announce that SNC-Lavalin Inc. and its Brazilian subsidiary, SNC-Lavalin Minerconsult Engenharia Ltda., have been awarded the definitive feasibility study on the advanced-stage Serrote da Laje deposit (“Serrote Deposit”) at its wholly-owned copper-gold-iron ore Arapiraca Project in Alagoas State, Brazil. The feasibility... readmore

Boise Entrepreneur Launches BX Drilling Supply

Tuesday, July 12th, 2011
Boise Entrepreneur Launches BX Drilling Supply

Daniel Brockett, a drilling and mining supply executive, has launched BX Drilling Supply in Boise. BX Drilling Supply offers a diverse range of products and supplies as well as logistics support, supply chain management and inventory management to the drilling and mining industry. “After spending nearly a decade in the drilling and mining industry,... readmore

Exit Only, Inc. Acquires Bayport Corporation and Begins Gold Production

Tuesday, July 12th, 2011
Exit Only, Inc. Acquires Bayport Corporation and Begins Gold Production

Exit Only, Inc. announced that it has acquired Bayport Corporation, a Nevada corporation. With this acquisition, Bayport Corporation has obtained the controlling interest in the company. James L. Porter will serve as the President while Louis Porter will serve as the CEO of the surviving company. The new name of the company will be filed with FINRA... readmore