Golden River Resources Takes Placement in Canadian Company Acadian Mining Corp

Golden River Resources Corporation announced that it has reached agreement with Acadian Mining Corporation to subscribe in a private placement transaction for up to 338,111,334 common shares in Acadian for aggregate gross investment of up to C$10 million. The Offering is contemplated to close in two or more tranches. Following closing of all tranches, Golden River will hold 68.45% of Acadian. The... 

San Anton Announces Progress With Engineering Study at the Cerro de Gallo Project

San Anton Resource Corporation announced today that it is progressing with its study work on the Cerro de Gallo Project in Mexico which will result in the completion of a more detailed pre-feasibility study rather than a scoping study The study work for the Cerro de Gallo project has been proceeding well over the past few months. The updated resource model, announced in June 2008, includes an increase... 

Oromin Announces Prospective Oil Resources at Its Santa Rosa Prospect in Argentina

Oromin Explorations Ltd. is pleased to announce the receipt of an independent report (the “Santa Rosa Evaluation”) from Aeon Exploration Inc. of Calgary, Alberta (“Aeon”) that provides an evaluation of prospective resources with respect to its 100% owned CCyB-9 Santa Rosa exploration permit and exploitation concession on a property located in the Cuyana Basin in the Province... 

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ASX investigates junior mining company

A second junior mining company, Frontier Resources, has come under the scrutiny of the Australian Stock Exchange (ASX) after it released exploration results that doubled its share price. Shares in Queensland copper explorer Cudeco remain in a trading halt, pending an investigation into drill results. One of the caveats on explorers releasing information to the market is that results must meet the standards... 

Inferred resource at Raub increased by 26% to 135,000 oz gold Drilling results at Raub expand zone of mineralisation Initial Tersang drilling results encouraging

Peninsular Gold (AIM: PGL) today announces an increase in the inferred resources at its Raub project to 2.8 million tonnes at 1.5 g/t gold containing 135,000 ounces gold using a 0.6 g/t cut-off grade. This increase is based on 81% of the 15,700 metres drilled in the ongoing drilling campaign and thus is expected to increase further once all assay results are returned. Best assay results from five of... 

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