Kootenay Stepout Drilling Begins at Promontorio

Kootenay Gold Inc. announce drilling is underway at Promontorio. The program is designed to drill untested targets; expand on mineralization discovered at the Pit Discovery; and step-out across the 2km Dorotea Trend. The 5000 meter program expected to be completed by year end, will focus on targets identified by systematic exploration (3D IP Geophysical Survey; Mapping; Sampling; EM Airborne Study;... 

Valencia Sells Interest in Cachinal Silver Project – Chile

Valencia Ventures Inc. announced that it has entered into an agreement to sell up to a 100% interest in its Cachinal Silver Project, Chile to Apogee Minerals Ltd. Under terms of the Agreement, Apogee will purchase 75% of Valencia’s interest in the Property by paying $200,000 in cash and issuing 3 million units of Apogee where each unit will comprise one Apogee share and one Apogee warrant with... 

East Asia Minerals Updates Progress at Miwah Gold Project – Indonesia

East Asia Minerals Corporation reports that exploration activities at its Miwah Gold Project in Aceh Province, Northern Sumatra, Indonesia have not been affected by the recent earthquakes that have resulted in the crisis of Western Sumatra. Foremost, East Asia Minerals extends condolences to the families and communities that have been affected by the earthquakes. Regarding the Company’s activities,... 

Coeur Announces Plans to Increase Silver and Gold Production at Its Historic Rochester Mine in Nevada

Coeur d’Alene Mines Corporation announced that it is pursuing an expansion of mining operations at its Rochester silver and gold mine in Nevada. This planned expansion is expected to add an average of 2.9 million ounces of incremental annual silver production and 30,000 ounces of further gold production through 2017. The Bureau of Land Management supports a third-party prepared Environmental Assessment... 

Pacific Bay Options Argentina Uranium Property to UrAmerica

David H. Brett, President and CEO, Pacific Bay Minerals Ltd. reports that the Company has optioned its 100% owned “Cerro Solo” claims in Chubut Province, Argentina (the “Property”), to UrAmerica Ltd., a private company focused on uranium discovery in Latin America. Under the option agreement, UrAmerica can earn a 60% interest in the Property by incurring USD$1,200,000 in exploration... 

Santa Fe Gold Proceeding with Construction of Summit Silver-Gold Project

Santa Fe Gold Corporation announced that the New Mexico Office of the State Engineer has issued a permit required to proceed with construction of the tailings dam impoundment at the Banner Mill located near Lordsburg, New Mexico. The company expects to complete construction of the tailings impoundment during the current quarter and to begin processing operations shortly thereafter. “With this important... 

Amalgamation of Kinbauri Gold Corp. and Orvana Minerals Acquisition Corp.

Orvana Minerals Corp. and Orvana Minerals Asturias Corp. announced that Kinbauri Gold Corp. and Orvana Minerals Acquisition Corp., each wholly-owned subsidiaries of Orvana Minerals Corp., were amalgamated effective October 1, 2009 to form Orvana Minerals Asturias Corp. Following Orvana’s acquisition of all of the issued and outstanding common shares of Kinbauri by way of a compulsory acquisition... 

Avanti Mining Announces Definitive Agreement for Conversion by RCF of 75% of the Convertible Loan Into Units

Avanti Mining Inc. announces that it has entered into a definitive agreement with Resource Capital Fund IV L.P. (“RCF”) for the previously announced conversion of US$15,116,667 of the existing Convertible Bridge Loan into units of Avanti at a conversion price of C$0.16 per unit. Each Unit will consist of one common share and one half of one share purchase warrant. Each whole warrant will... 

Universal Holdings Closes Acquisition and Enters Domestic North American Oil and Gas Market

Universal Holdings announced that on September 21, 2009, the company purchased 100% of the outstanding membership units of Coronado Acquisitions, LLC. In connection with this acquisition, Universal has satisfied a promissory note issued by Coronado Acquisitions, LLC in the principal amount of $3,250,000 by issuing 2,100,000 restricted shares of its common stock to the Noteholders. Coronado is a development... 

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...