American Mining Corporation Signs LOI to Form Production Joint Venture on Terra Gold Project, Alaska

American Mining Corporation announce that it has signed a binding letter of intent to enter into a joint venture with International Tower Hill Mines Ltd., in respect of ITH’s high grade Terra Gold Project in Alaska. Pursuant to the letter of intent, Terra Gold Corp. (“Terra”), an Alaskan subsidiary of AMC and Raven Gold Alaska Inc. (“Raven”), a subsidiary of ITH, will form a joint venture... 

CanAlaska Uranium commences winter drilling program at the Cree East project

CanAlaska Uranium Ltd. announce that the Company has commenced exploration on its Cree East uranium project in the Athabasca Basin, Saskatchewan, Canada. The Cree East project is funded under a joint venture with the Company’s Korean strategic partners, comprising Hanwha Corporation, Korea Electric Power Corp., Korea Resources Corp. and SK Energy Co, Ltd. The Company recently received Cdn$4.12... 

Tag: cree east minerals canada, great western canalaska

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... 

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Caribou Copper Resources Limited – Progress Report on Caribou Dome

Caribou Copper Resources Ltd. report that as of October 5, it had completed over 1,400 feet of surface diamond drilling under its 2009 work program on its Caribou Dome property in Alaska. This program consists of drilling approximately 3,000 feet designed to probe the extent of the mineralization in lodes 5 and 6 at depth. The new drill program targets two areas, the first of which tests for potential... 

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Tarsis Announces Exploration Program at MOR, Yukon

Tarsis Resources announce exploration will commence shortly at its 100% owned MOR property, located in southern Yukon, Canada. The MOR Property consists of 290 mineral claims (approx 6,000 hectares) located 35 km east of Teslin, Yukon, Canada. The property is just 1.5 km north of the paved, all weather Alaska Highway and hosts volcanogenic hosted massive sulphide (VHMS) mineralization. Diamond drilling... 

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Drilling Commences at Ucore’s Bokan-Dotson Ridge Rare Earth Project

Ucore Uranium Inc. announce that drilling has commenced at its 100% owned Bokan – Dotson Ridge rare earth element (REE) project located in southeast Alaska. Ucore acquired the property in 2007, and has completed 2,938 meters of drilling over 46 drill holes in 2007 and 2008, primarily investigating the potential for uranium mineralization at the I&L zone. Those drill holes returned anomalously... 

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Cluff Gold plc – Commissioning of the Kalsaka Gold Mine in Burkina Faso

Cluff Gold plc, the West African focused gold mining company announces that, as at 30 June 2009, the operations at the Kalsaka Gold Mine have reached the required standard at which successful commissioning has been achieved. Gold was first poured at the Kalsaka Gold Mine in October, 2008 and since that time performance has incrementally increased each month. Total gold production for the first 6 months... 

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Millrock Arranges Financing With Altius to Form Strategic Alliance

Millrock Resources Inc. announce that Altius Minerals Corp., through its wholly-owned subsidiary Altius Resources Inc. (“Altius”), has agreed to a private placement financing with the Company to initially fund a strategic alliance for exploration of five areas in Alaska. “Millrock is very pleased to engage in this alliance with Altius,” stated Millrock President & CEO Gregory... 

Tag: the price of mill rock, uranium one

Alaska Community Groups Receive Pebble Fund Grants

Northern Dynasty Minerals Ltd. announces that the Pebble Fund for Sustainable Bristol Bay Fisheries and Communities, established by the Pebble Limited Partnership last year, will dispense its first $1 million in grants to 33 successful applicants this spring. The Pebble Fund was established in February 2008 as a five-year, $5 million commitment to support community-led initiatives that enhance the... 

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Rio Tinto Reaches Agreement to Sell Potash Assets and Brazilian Iron Ore Operation

Rio Tinto has signed definitive agreements to sell its undeveloped potash assets, largely comprising the Potasio Rio Colorado (PRC) potash project in Argentina, and its Corumbá iron ore mine in Brazil and the associated river logistics operations in Paraguay to Vale, the Brazilian mining company, for a total cash consideration of US$1.6 billion. Completion of the Corumbá transaction remains subject... 

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