Precious Metal

News & articles about Precious Metal from Mining Top News

North American Gem Acquires Appalachia Coal Corp.

October 3rd, 2008
North American Gem Acquires Appalachia Coal Corp.

North American Gem Inc. announce that the TSX Venture Exchange has accepted for filing an option agreement dated September 5, 2008 between North American Gem Inc. and Appalachia Coal Corp., whereby the Company will acquire a 100% interest in Appalachia Coal Corp., a British Columbia incorporated company with 20,000 acres of coal leases located in [...]

SIRIOS Obtains up to 23.8 g/t in Gold on the ESCALE Property

October 2nd, 2008
SIRIOS Obtains up to 23.8 g/t in Gold on the ESCALE Property

SIRIOS RESOURCES INC. announces encouraging results of a short prospecting program that was undertaken this summer on its ESCALE gold property in James Bay, Quebec. An 8 square km area located on the newly acquired claims in 2007 reveal an excellent gold potential in the meta-sedimentary rocks. On twelve chosen samples collected on outcrop areas [...]

Hidalgo Mining International (HMIT) Announces the Completion of the Acquisition of the Tinkisso Property

October 2nd, 2008
Hidalgo Mining International (HMIT) Announces the Completion of the Acquisition of the Tinkisso Property

Hidalgo Mining International, an innovative mining company headquartered in Port Washington, N.Y., announced that it has completed acquisition of the balance of the Tinkisso property which adds an additional 26 kilometers of property, increasing their Tinkisso property to now encompass a total of 56 kilometers.
Mark Daniel Klok, President of HMIT, stated: “We have increased our [...]

Cannon Explorations Inc., Queen Alexandra Gold Mine: Announces Start of Next Stage and Crew Mobilization

October 2nd, 2008
Cannon Explorations Inc., Queen Alexandra Gold Mine: Announces Start of Next Stage and Crew Mobilization

Cannon Exploration Inc. announces that mobilization of the field crew that will perform the next stage of exploration on the company’s “Queen Alexandra” gold mine, has begun, and work will commence within the next few days.
The company has approved of the proposed work program, which will see Major Management Exploration Services (”MMES”) complete the grid [...]

Tara Gold Completes the Sale of Its Interest in the San Miguel Project

October 2nd, 2008
Tara Gold Completes the Sale of Its Interest in the San Miguel Project

Tara Gold Resources Corp. announce that it has closed the sale of its remaining San Miguel project interest to Paramount Gold and Silver Corp. for 7.35 million common shares of Paramount. Tara Gold now owns approximately 13% of Paramount.
The San Miguel Project, located in Chihuahua, Mexico, is a polymetallic resource and hosts a National Instrument [...]

International Minerals Reports Low Cash Costs at Pallancata Silver Mine, Peru

October 2nd, 2008
International Minerals Reports Low Cash Costs at Pallancata Silver Mine, Peru

International Minerals Corporation reports Total Cash Costs of US$5.89 per ounce of silver produced, net of gold by-product credits (US$3.30 per ounce for Direct Site Costs) at the Pallancata Mine for the fiscal fourth quarter ended June 30, 2008 (see Table below for details). The Pallancata Mine, located in southern Peru, is jointly owned by [...]

Immediate High-Value Drill Targets Identified on Elray Resource’s Angkor Wat Project

October 2nd, 2008
Immediate High-Value Drill Targets Identified on Elray Resource’s Angkor Wat Project

Elray Resources, Inc., a technically driven gold and precious mineral exploration company, report to shareholders on its Angkor Wat Project in Cambodia.
The Company owns 100% of the license for the 5,400 hectare project area, which contains multiple historical workings including the Rom Dey Vein which was extensively explored by the French in the 1960s, [...]

Magnus International Resources Completes Conditions for Sale of the Huidong Property

October 2nd, 2008
Magnus International Resources Completes Conditions for Sale of the Huidong Property

Magnus International Resources, Inc. announce that all of the conditions for the completion of the sale of its Huidong project to a Chinese mining group have now been met. The exploration license underlying the property has been renewed by the relevant Chinese authorities and 100% of the ownership interest in the company that possesses the [...]

Brownstone Announces Drill Program; Confirms Selection of Drill Company

October 1st, 2008
Brownstone Announces Drill Program; Confirms Selection of Drill Company

Brownstone Resources Inc. announce that the company has selected Diversified Drilling LLC of Missoula, Montana, to perform the upcoming drill program on the companies LS GRANDE property in Northern Arizona.
Brownstone has signed the contract for drilling services, and has advanced the required funds to Diversified Drilling LLC, and anticipates mobilization of the drill rig to [...]

Houston Lake Mining Appoints IR Group for North American Development

October 1st, 2008
Houston Lake Mining Appoints IR Group for North American Development

Houston Lake Mining Inc., an advanced exploration company seeking gold, platinum group and rare metal deposits in Ontario, is pleased to announce that it has retained the California-based firm of Incorporated Communications Services (”ICS”) to conduct media awareness and investor relations programs on behalf of the Company. Headed by Mr. Garry Pollack, ICS brings together [...]