Aurelio Resource Corporation announced that it has entered into a non-binding term sheet with a private equity fund to sell its Hill Copper/Zinc project in Arizona and to finance continuing exploration work at its Mexican Gavilanes project.
If the transaction is consummated as currently contemplated (as to which no assurance can be given), the transaction would [...]
Passport Metals Inc. announce that it has identified a copper bearing manto on its Gilda Joint Venture Property located 25 kilometres north east of the regional mining centre of Copiapo in Region III, Chile. Phase I exploration consisted of excavator trenching, road building, mapping and sampling. Preliminary bedrock chip and grab sampling in a newly [...]
Zaruma Resources Inc., (TSX-ZMR), reports that a 2,000 metre drilling programme has started in the Sapo-Carrizo area located 7 kilometres west of the Luz del Cobre copper project, in the Company’s 11,300 hectare San Antonio property (Sonora, Mexico).
As previously reported, a number of targets with oxide copper mineralization have been identified in the Sapo-Carrizo area. [...]
San Anton Resource Corporation announced today that it is progressing with its study work on the Cerro de Gallo Project in Mexico which will result in the completion of a more detailed pre-feasibility study rather than a scoping study The study work for the Cerro de Gallo project has been proceeding well over the past [...]
Coro Mining Corp. announce that it has extended its option period to acquire Cerro Negro from September 18, 2008 to October 3, 2008. The extension of the option allows the Company additional time to complete the financing of Cerro Negro without incurring a financial penalty should the transaction not be completed.
The amended agreement provides for [...]
Dick Whittington, President and CEO of Farallon Resources Ltd. announces that the Company has successfully concluded negotiations with Sindicato Nacional de Trabajadores Mineros, Metalurgicos y Similares de la Republica Mexicana, the Mexican mining labour union at its G-9 Project at the Campo Morado property in Mexico. The monetary settlement will be effective September 1, 2008 [...]
U.S. Precious Metals, Inc., CEO and Chairman of the Board, M. Jack Kugler, announced that the results of the drilling campaign initiated in February 2008, have determined that there are proven and probable reserves in USPR’s mining concession in Southern Michoacan, Mexico. Mr. Kugler stated that he is extremely pleased with the results thus far, [...]
Wallbridge Mining Company Limited has discovered mineralization within three target areas on their Rogers Creek copper-gold-molybdenum property, in south-western British Columbia approximately 40 kilometres south of Pemberton. The first two targets are defined within a 6 by 2 kilometre area of alteration and gold-copper mineralization with samples in quartz-sulphide veins returning up to 23.1 [...]
The Board of Mustang Minerals Corp. announce an agreement to explore the East Bull Lake Project, 80km west of Sudbury in Ontario, Canada.
Western Areas can earn a 65% interest in the project from Mustang Minerals by funding up to C$4.5M in two stages over five years. The project includes net smelter royalty interests. The main [...]
Yamiri Gold and Energy Inc. report positive news regarding the exploration and mining situation in La Rioja, Argentina, where the Company holds several excellent projects through its subsidiary, Yamiri S.A.
On August 7th 2008, the “anti-mining” law, previously approved by the La Rioja Provincial Legislature in March 2007, was over-turned and repealed by a vote [...]
