Silvore Fox is pleased to announce that they have received the results of the Geotech Ltd VTEM survey over their 9600 ha claim holdings in the Winston – Pick Lake area north of Schreiber in Northern Ontario. The 1,061 line kilometer helicopter survey covered the area for the most part at 100 meter line spacing recording both VTEM and magnetic response. Several VTEM anomalies were encountered, some of which had not been indicated by past surveys. Silvore...
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 Primero, and has agreed to vote its shares in support of the arrangement. Upon completion of the arrangement,...
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 investor demand, the size of the Offering was increased by 8,333,328 Units for additional proceeds...
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 production at the Bracemac-McLeod development property located in Matagami, Quebec (the “Bracemac-McLeod...
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 mine in the Cordillera Negra metallogenic province in the central Peruvian Andes, Condor’s...
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, and it is able to pay more than its competitors. Gold & Silver Buyers is proud to be featured...
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 study is underway and is scheduled for completion late in the first quarter of 2012. The feasibility...
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 to be changed to Bayport Corporation along with requesting a new stock symbol. Bayport has hired legal...
Pele Mountain Resources Inc. (TSX Venture: GEM; OTCQX:GOLDF) announced today that its shares have commenced trading in the United States on the OTC market’s prestigious tier, OTCQX International. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcqx.com and www.otcmarkets.com. Pele’s U.S. trading symbol is “GOLDF”. Pele’s shares are also listed on Canada’s TSX...
Red Metal Resources Ltd., a mineral exploration company with copper-gold assets in Chile, today announced that it has completed the purchase of the Che I & Che II mining claims for approximately USD$20,000. These claims cover 76 hectares within Red Metal’s existing Mateo copper-silver-gold project in the Candelaria Iron Oxide Copper-Gold (IOCG) belt in Chile III Region. The Mateo project is made up of approximately 2,122 hectares (5,244...
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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