Buckingham Exploration Inc. options new property and completes disposal of Colorado subsidiaries

Buckingham Exploration Inc. announce that it has optioned the Lady Ermalina Chemainus Claims on Vancouver Island. The option calls for an immediate payment of cash and shares and staged payments in future years. Specifically, Buckingham agreed to issue an aggregate of 600,000 shares of common stock of the company and to pay an aggregate of $5,000 in cash in consideration for the grant of the sole and... 

Tags: Buckingham, Buckingham Exploration Inc., canon city colorado, Common Stock, copper mining, Debenture, Ermalina Chemainus Claims, Regal Uranium Inc., undivided interest

Blackstone Mobilizes Drill to Uma Cu-Zn-Au Project in Northern Sweden

Blackstone Ventures Inc. announces that a diamond drill rig has now been mobilized to its 100% owned Uma Volcanogenic Massive Sulphide (VMS) project in northern Sweden and will begin drilling immediately. This first phase drill program at Uma South (southern portion of the 235,000 hectare property) will consist of approximately 12 – 20 holes. Drilling will begin in the Uma South area to test... 

Tags: blackstone ventures, Blackstone Ventures Inc, diamond drill rig, drill holes, exploration programs, massive sulphide, northern sweden, Volcanogenic Massive Sulphide

Alaska State Authority Initiates Due Diligence on Road and Port Expansion for Zazu’s Lik Deposit

Zazu Metals Corporation announce that the Alaska Industrial Development and Export Agency (“AIDEA”) approved a cost reimbursement agreement with Zazu today. This enables AIDEA to initiate due diligence on the proposed expansion of the Delong Mountain Transportation System (“DMTS”). This proposed expansion will facilitate both the development of the Lik deposit, and handle future... 

Tags: alaska industrial development, expansion project, indicated resource, metals corporation, Mineral Resource, northwest arctic borough, northwestern alaska, resource estimate, Roscoe Postle Associates

Golden Minerals Announces the Sale of Platosa Property

Golden Minerals Company announced the sale of the Company’s remaining 49% joint venture interest in the Platosa property to Excellon Resources Inc. (“Excellon”), for US $2.0 million in cash and a 1% net smelter return royalty. Previous agreements between the Company and Excellon, including a 2% net smelter return royalty previously granted, were terminated in this transaction. Definitive... 

Tags: Business Partnership, Electronics manufacturing, Excellon Resources Inc., Golden Minerals Company, Mexico, Royalties, Torre?n

HudBay to Re-Start Chisel North Mine and Snow Lake Concentrator

HudBay Minerals Inc. announced that it will re-start operations at its Chisel North mine and concentrator in Snow Lake, Manitoba effective immediately, with full production expected in the second quarter of 2010. The re-start of operations at Snow Lake is expected to provide approximately 30,000 tonnes of zinc concentrate feed to the company’s Flin Flon zinc plant annually. The capital costs... 

Tags: Chisel North mine, Flin Flon, Flin Flon Greenstone Belt, Flin Flon zinc plant, HudBay Minerals, HudBay Minerals Inc., Manitoba, Peter R. Jones, Snow Lake

Iberian Minerals Declares Commercial Production at Aguas Tenidas

Iberian Minerals Corp., a Canadian listed global base metals company with interests in Spain and Peru announced that it has declared commercial production at the Aguas Tenidas Mine in Spain. As such, for accounting purposes, effective October 1, 2009, all revenue and expenses will be accounted for as part of the income statement of the Corporation. Daniel Vanin, President, commented: “This is... 

Tags: Aguas Tenidas mine, Chemical elements, Copper Mining, Daniel Vanin, Dietary minerals, Iberian Minerals Corp., Spain, Transition metals, Zinc Mining

SLAM Exploration Prospecting Rare Earth Minerals at Nash Creek

SLAM Exploration Ltd. announces it has mobilized a prospecting crew to explore for rare earth elements (“REE”) and follow up high levels of yttrium and phosphorus detected on its Nash Creek property in New Brunswick. SLAM has researched Provincial records and found a REE occurrence located approximately 2 km west of the yttrium-phosphorus soil anomalies within its extensive Nash Creek claim... 

Tags: Benjamin River, BMS No. 12 mine, claim group, Environment, Great Western Minerals Group Ltd., Jacquet River, Nash Creek, New Brunswick, pit mining

Lundin Mining Enters Into Agreement for the Sale of Ozernoe Project

Lundin Mining Corporation a diversified base metals mining company with operations in Portugal, Spain, and Sweden, producing copper, nickel, lead and zinc. In addition, Lundin Mining holds a development project pipeline which includes expansion projects at its Zinkgruvan and Neves-Corvo mines along with its equity stake in the world class Tenke Fungurume copper/cobalt project in the Democratic Republic... 

Tags: base metals mining, Democratic Republic of the Congo, Lundin Mining, Lundin Mining Corporation, MBC Resources Limited, Portugal, Russia, Spain, Sweden

EurOmax commences diamond drilling at Ceovishte project, Serbia

EurOmax Resources Limited announce that it has commenced a 13 square kilometre geophysical program and a 2,500 metre diamond drilling program at Ceovishte to test two large gold bearing breccia bodies. During 2008 EurOmax completed a detailed mapping and soil geochemistry program defining a 6 kilometer long zone of strongly altered andesite volcanics and intrusives with abundant ancient mine workings.... 

Tags: Breccia, economic geology, Environment, Euromax Resources Ltd, Geophysics, Igneous rocks, Petrology, Resistivity

North Bay Resources Inc. Completes Coronation Gold Joint-Venture Agreement

North Bay Resources Inc. announce that it has finalized and signed a contract with Lincoln Resources Inc. (“Lincoln”), a private Nevada corporation, to enter into a joint-venture for the development of North Bay’s Coronation Gold Property. Terms of the agreement call for Lincoln to commit up to $1.5 million CDN over three years for exploration expenses, developmental drilling, and... 

Tags: British Columbia, Business Partnership, Colorado, Gold mining in Alaska, Homestake Mine, Lincoln Resources Inc., Memphis Creek, Nevada, North Bay Resources Inc.