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...
Douglas Lake Minerals Announces An Agreement With Midex Gold Corp. On the Magembe Diamond Property
Douglas Lake Minerals Inc. announces that, effective on August 13, 2009, the Company entered into an Agreement (the “Agreement”) with Midex Gold Corp. (“Midex”) on the Magembe diamond property in the Shinyanga district of Tanzania. The Magembe diamond property comprises a total area of 46 square kilometers directly adjacent to the eastern, northern, and western boundaries of...
Olivut Resources Ltd. announces signing of option agreement with Uruguay Mineral Exploration Inc.
Olivut Resources Ltd. announce that it has signed an Option Agreement with Uruguay Mineral Exploration Inc. whereby Olivut may earn up to 80% interest in diamond prospecting and exploration licenses located in northern Uruguay, South America. These Properties are held by Cinco Rios S.A., a wholly owned subsidiary of UME. Olivut must incur a minimum expenditure of $CDN250,000 by June 1, 2010 and a total...
Rockgate Capital Corp. and Delta Exploration Inc. Complete Plan of Arrangement
Rockgate Capital Corp. and Delta Exploration Inc. announce that they have completed a court-approved plan of arrangement under the British Columbia Business Corporations Act pursuant to which Rockgate has acquired all of the issued and outstanding securities of Delta. Pursuant to the Transaction, Delta shareholders are entitled to receive 0.50 of a common share of Rockgate for each Delta common share...
African Queen Mines’ Sampling Yields G10 Garnets and Other Kimberlitic Indicators Over Key Diamond Targets on Its Okavango Project in Botswana
AFRICAN QUEEN MINES LTD. announce that results of geochemical sampling from its Okavango property in the Ngamiland area of Northwest Botswana have now confirmed the presence of G10 garnets and other kimberlitic indicator minerals on its key diamond targets. The Okavango property comprises three Prospecting Licences covering approximately 2592 km2 held by the Company’s wholly-owned subsidiary,...
Repsol Now Applying Advanced Seismic Imaging Technology to Energy Exploration in Gulf of Mexico and Brazil
Repsol YPF, an international integrated oil and gas company operating in over 30 countries, today announced that the company’s advanced seismic imaging project — Kaleidoscope — has begun exploration operations in the Gulf of Mexico and Brazil. Kaleidoscope is powered by reverse-time migration (RTM), a sophisticated subsurface imaging tool whose potential is accepted by the oil industry,...
GoldenFrank Granted Three Exploration Permits on the Balandougou Project in Guinea, West Africa
GoldenFrank Resources Inc. announced that it was granted on October 28th, through its 80% owned subsidiary MGWA-GoldenFrank SARL, three Exploration Permits for gold and associate minerals in Guinea, West Africa. The three permits cover the entire 250 km2 of the preceding “Autorisation de Prospection” held by the Company and described in the Company’s Prospectus. The permits are valid...
Hidalgo Mining International (HMIT) Completes Acquisition Expanding Its Fifa Land Project Ownership
Hidalgo Mining International, an innovative mining company headquartered in Port Washington, NY, announced today that it has completed its acquisition of gold-rich Fifa area properties in Guinea, West Africa. These latest acquisitions effectively expand Hidalgo’s gold mining project to encompass the entire area comprising the Fifa license, bringing the company’s total mineable area to twenty-five...
CityView Revising Strategy in Current Market Conditions
CityView Corporation Limited advises that following the recent turmoil in international financial markets, it has reviewed its strategy in Africa. It had been the intention that Pensador Resources Inc. would fund the very large financing obligations required for the development of the offshore oil permits, together with the lesser financing requirements for the minerals and diamond interests in Angola. CityView...
Hidalgo Mining International (HMIT) Announces Its Signed LOI to Expand Tinkisso Project Ownership
Hidalgo Mining International, an innovative mining company headquartered in Port Washington, N.Y., announced today that it has now signed a letter of intent to expand the Tinkisso project ownership an additional 26 kilometers. Mark Daniel Klok, President of HMIT, stated: “We have now completed our negotiations to expand and increase our ownership in the Tinkisso project within Guinea, West Africa....
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