The directors of Canstar Resources announce that the company has completed a VTEM airborne magnetic/electromagnetic survey over its recently acquired Conception Bay South (CBS) properties on the Avalon Peninsula, Province of Newfoundland and Labrador. This is the first airborne Electromagnetic survey recorded over the area.
The survey was successful in delineating at least 25 electromagnetic conductors [...]

Full Metal Minerals Ltd. and Mosam Capital Corp. have entered into a Binding Letter of Intent whereby Mosam can earn a 60% interest in Full Metal’s Mount Andrew Property, subject to acceptance from the TSX Venture Exchange.
Mosam has the option to earn a 60% interest in the Property by incurring exploration expenditures totaling $3,000,000 over [...]

Hana Mining Ltd. announces that it has amended the terms of the private placement announced September 11, 2008.
The non-brokered private placement will now consist of up to 10,000,000 units (the “Units”) at a price of $0.15 per Unit. Each Unit will consist of one common share and one-half of one non-transferable share purchase warrant. Each [...]

Norsemont Mining Inc. announced that the Company has made a major new discovery at the Company’s 100-percent controlled Constancia copper-molybdenum-silver project in south-eastern Peru. The Pampacancha anomaly has been discovered approximately 2.7 kilometres south-east of the Constancia - San Jose deposit and lies within an area over which the Company controls 100 percent of the [...]

Gold Reserve Inc. announced it has agreed to sell one SAG mill, two ball mills (35,000 tonne per day through-put) and related motors currently being manufactured for the Company’s Brisas Project. The total value of this transaction is approximately $43 million. The Company will recover approximately $18 million of progress payments and the purchaser will [...]

Hawk Uranium Inc. announce that it has received approval from the TSX Venture Exchange to extend the term of issued and outstanding warrants exercisable for a total of 506,668 common shares. The Warrants were issued as part of a private placement that closed on October 13, 2006 in which 1,000,002 flow-through units (each consisting [...]

IMA Exploration Inc. has received its drill permit for the Island Copper project and has already mobilized the exploration team to the project. Two drill rigs are expected to be on site by the end of the week. IMA is currently fulfilling its minimum required first year exploration expense of $1.9 million CDN already committed [...]

Sherwood Copper Corporation and Capstone Mining Corp. announced that, further to their joint news releases dated September 8 and September 18, 2008 respectively, the companies have entered into a combination agreement dated as of October 9, 2008 pursuant to which the companies will combine, by way of plan of arrangement, to create a well-funded, low-cost, [...]

Kalimantan Gold Corporation Limited has completed the acquisition of the remaining 25% interest in its KSK Contract of Work that it did not already hold. This follows the recent receipt of approvals from the Indonesian regulatory authorities for the transaction that was initially announced on October 16, 2007.
Rahman Connelly, Deputy Chairman and CEO of [...]

Zaruma Resources Inc. provided an update on the progress of the Luz del Cobre copper project in the State of Sonora, Mexico.
Field activity started in November, 2007, with open pit mining commencing in September, 2008 and the ore being stockpiled for expected crushing and stacking on the leach pad starting at the end of November. [...]