Baja Mining Corp. announces that a key milestone has been achieved towards manganese metal production at its Boleo project in Baja, Mexico. Staff at the University of British Columbia’s Hydrometallurgy Research Laboratory have successfully demonstrated that manganese metal can be manufactured from Boleo manganese carbonate using conventional hydrometallurgical processing steps. A sample of manganese carbonate produced during the 2006 demonstration...
Cantex Mine Development Corp. announce the progress on its Suwar nickel – copper – cobalt project. Work is progressing well at the Suwar project which is optioned to Vale International S.A, a wholly owned subsidiary of Vale S.A., formerly Companhia Vale do Rio Doce. Approximately 2,000 soil samples have been processed and submitted to ALS Chemex in Vancouver for analysis. The ground Induced Polarization (IP) survey is now well underway....
Ernest Harrison, Chairman of Millstream Mines Ltd. announce that Nirek Resources Inc.’s Option to purchase a 49% interest in Millstream’s Tamarack Gold property (PR April 01/08) has been terminated and is no longer valid. Accompanying the original signed Letter of Intent between the parties Millstream issued to Nirek a non-brokered Flow-through share (FTS) Offering priced at $1.00 per FTS. Nirek only subscribed to 160,000 FTS of the Offering....
At London’s Mines and Money Awards Dinner on December 3rd, Africo Resources Ltd. was recognized for its outstanding and innovative community service in the Katanga Copperbelt, where the company’s major project is located. Ms. Sauda Kilumanga, Community Relations manager, accepted the award for Africo’s Wheelchairs for Kids program. Physical disability in a developing country with scant economic resources places a terrible burden...
FNX Mining Company Inc. and Gold Wheaton Gold Corp. announced that they have restructured the terms of the deferred $50 million payment from Gold Wheaton to FNX previously due on January 15, 2009, which was to have been satisfied through the issuance of Gold Wheaton share purchase warrants. Under terms of the revised transaction, Gold Wheaton will satisfy the deferred $50 million payment through the immediate issuance of 10 million common shares to...
Katanga Mining Limited confirms that, following an isolated fire incident in mid-November, a replacement transformer has been successfully fitted at the Luilu metallurgical facility and production of copper and cobalt metal from Luilu has now resumed. Steven Isaacs, Interim CEO, Katanga Mining Limited said, “I am pleased to report that a replacement transformer has been successfully fitted at the Luilu Plant. Installation, repair and testing...
Cantex Mine Development Corp. announce that Vale International SA, a wholly-owned subsidiary of Companhia Vale do Rio Doce, has signed a letter agreement for the Company’s Suwar, Wadi Qutabah nickel, copper, cobalt and platinum group element projects in Yemen. Vale’s minimum exploration commitment under the agreement is US $2 million to be spent prior to August 31, 2009. Vale has the right to acquire up to a 60% interest in the mineral...
VMS Ventures Inc. announce that it has signed a Letter of Intent (“LOI”) outlining terms and conditions to acquire a 100% interest in the Dunlop Reed Lake Claims from W. Bruce Dunlop Ltd.. The Dunlop Reed Lake claims are currently subject to an Option Agreement between the Company and the Vendor dated August 1, 2006 and amended November 1, 2007. The LOI has the following terms and conditions. The Company shall: (a) pay to the Vendor the...
Baja Mining Corp. advises that due to the current global financial crisis, it has elected to delay construction activities at the Boleo Project, Mexico. While project economics remain robust even at low metal prices, the impact of the current financial crisis on short term metal prices and hedging prices, coupled with an effective shutdown of the global bank syndication and equity markets, require Baja to revise its construction schedule. Bayerische...
CAPELLA RESOURCES LTD. announce assay results from the 2008 sampling program on its Labrador Base Metals Initiative. The company is actively exploring for nickel, copper, cobalt and other metals in central Labrador. Labrador is largely underexplored and hosts several new nickel and base metal discoveries, including Voisey’s Bay nickel-copper-cobalt deposit. The Property was flown by a wide-ranging aerial geophysical program during the spring and...
Pacific Energy Development and Blast Energy Services Sign Merger Agreement
Pacific Energy Development Corp. (“PEDCO”), a privately-held oil and gas company engaged...
Silvore Fox Updates Progress on Winston Lake and Coxheath
Silvore Fox is pleased to announce that they have received the results of the Geotech Ltd VTEM...
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