Melkior Resources Inc.: Ground Work Starts in Preparation for Drilling Eldorado
Melkior Resources Inc. has begun line cutting and ground geophysical surveying on seven grids designed to cover 9 separate electromagnetic conductors on its 100% owned Eldorado nickel property. The property is contiguous with Melkior’s Shaw Twp property and consists of 366 claim units or 5856 hectares and is located 20 kilometres southwest of Timmins city centre. A detailed VTEM survey by Geotech...
Franconia Signs Land Agreement for Maturi Copper-Nickel-Platinum Group Metals Property
Franconia Minerals Corporation announces that it has reached an agreement with the South Kawishiwi Association LLC, a group of nearby cabin owners who are exchanging surface lands with the US Forest Service for surface rights over a portion of Franconia’s Maturi mineral deposit. Under the terms of the agreement, Franconia reinforces its right to access the Maturi Cu-Ni-PGM deposit – via...
Golden Goose to proceed with sale of Lac Levac nickel property to Nemaska
Golden Goose Resources Inc. announces that it has received notification from Nemaska Exploration Inc. (“Nemaska”) that subsequent to closing of their initial public offering (“IPO”), Nemaska intends to exercise its option for the purchase of the Lac Levac property, located 216 km north of Chibougamau in the James Bay area of northern Quebec, on or before December 31st, 2009....
Fortune Minerals engages BNP Paribas to arrange NICO Project debt facility
Fortune Minerals Limited announce that it has retained BNP Paribas to provide advice and financial services in connection with the arrangement of a US$ 200-250 million debt facility to finance the construction, start-up and operation of the Company’s NICO Gold-Cobalt-Bismuth-Copper development in the Northwest Territories. Based in Paris, France, BNP Paribas is a world class financial institution...
Royal Roads & Benton award drilling contract to drill new copper sulphide zone on Long Range Joint Venture, Newfoundland
Royal Roads Corp. and Benton Resources Corp. announce awarding a drill contract to commence diamond drilling of the recently discovered copper sulphide zone on the Long Range Joint Venture property in central Newfoundland. The contract has been awarded to Logan Drilling of Stewiacke, Nova Scotia and is expected to commence the week of October 12, 2009. The program is expected to include two drill holes...
Commerce Resources Corp. Exploring Eldor for its Rare Earth Potential
Commerce Resources Corp. report that it has initiated its summer field work program at the Eldor Project, located in the Labrador Trough area of northern Quebec, Canada. The program will include mapping, prospecting, and rock and trench sampling and is designed to test some of the areas that were identified in 2008 with high values of rare earth elements, tantalum and niobium as well as new prospective...
Probe Mines to Commence Drilling on McFauld’s Lake Properties
The Directors of PROBE MINES LIMITED announce that mobilization of field crews will commence in the next few days to begin the Company’s summer drilling campaign on its McFauld’s Lake properties. The first phase of drilling will be focused on the joint venture project with Noront Resources (TSX-V: NOT) of which Probe is Operator. Recent Geophysical data has delineated a highly prospective...
Western Areas-Mustang JV Commences Drilling at East Bull Lake
Mustang Minerals Corp. announced that a drill program at the East Bull Lake Project located 80 km west of Sudbury is commencing. The East Bull Lake Project is a joint venture with Western Areas NL, designed to investigate nickel-copper-platinum group metal (PGM) targets identified in the geophysical program. It is expected that three targets will be drilled in the current program. At East Bull Lake...
Knight Resources Ltd.: Surface Exploration Program Begins at West Raglan
Mr. Harvey Keats, Chief Executive Officer of Knight Resources Ltd., reports that Anglo American Exploration (Canada) Ltd. has approved a $3.5 million dollar exploration program for nickel- copper- PGE mineralization on the West Raglan joint venture project in Northern Quebec to be conducted during the summer of 2009. The Company has decided not to fund its share of this program and will dilute from...
Benton options Sibley project to Kennecott
Benton Resources Corp announce that general terms have been agreed to between Benton and Kennecott Canada Exploration Inc. ( “KCEI” or “Kennecott” , a wholly own subsidiary of Rio Tinto) on Benton’s 100% owned South Sibley project. The South Sibley project is located in Dorion and McTavish Townships, approximately halfway between Thunder Bay, ON and Nipigon, ON. Under...
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