True North Gems Options Yukon Rare Earth Discovery to Great Western Minerals

True North Gems Inc. and Great Western Minerals Group Ltd. are pleased to announce that TGX has granted GWMG an option to acquire up to a 65% working interest in TGX’s True Blue property in the Yukon in exchange for carrying TGX through to completion of a bankable feasibility study. The True Blue property is located 55 kilometres south of Ross River, Yukon and is accessible via all-weather road... 

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Northland Appoints Banks for Project Financing

Northland Resources S.A. announce that the Company has appointed and retained leading global mining finance and investment banks – Societe Generale, UniCredit Bank AG and WestLB AG as exclusive Mandated Lead Arrangers in the proposed project financing of the Kaunisvaara Iron Concentrate Project. The Facility will be subject to each Mandated Lead Arranger securing its internal credit approvals,... 

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Copper Fox acquires 100% interest in Schaft Creek Project

Copper Fox Metals Inc. announce that Teck Resources Limited (“Teck”) has transferred its ownership in the Schaft Creek Project to Copper Fox pursuant to an agreement between the parties dated January 1, 2002 (the “Agreement”). The Schaft Creek Project comprises the Liard, Paramount and West Breccia mineral deposits (the “Schaft Creek deposit”) contained within the... 

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Terra Announces Acquisition of Alberta Oil Assets

Terra Ventures Inc. announces that its newly incorporated and wholly-owned Calgary based subsidiary, Terrex Energy Inc. (“Terrex”), has entered into a purchase and sale agreement to acquire a 100% interest in a basal quartz oil pool in central Alberta from a private oil and gas company, for a purchase price of $650,000. The pool is currently producing approximately 80 barrels of oil equivalent... 

Southern Trust Securities Announces Formation of Metals Trading Group

Southern Trust Securities Holding Corp. (“STSHC”) (OTC Bulletin Board: SOHL), a financial services company offering broker-dealer, investment banking, investment advisory and wealth management services, announced today that it has formed Southern Trust Metals, Inc. (“STM”). STM was formed to capitalize on the investor interest in the trading of precious metals such as gold,... 

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Argonaut Gold Seeks to Acquire Castle Gold for a Minimum of C$1.25 Per Share

CASTLE GOLD CORPORATION announce today that it has entered into a support agreement with Argonaut Gold Inc. (“Argonaut”) in connection with the proposed acquisition (the “Offer”) by Argonaut of all of the common shares of Castle Gold Corporation (“Castle Gold”). Under the terms of the Support Agreement, Argonaut will offer to acquire, by way of a take-over bid, all... 

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Fortune Minerals engages BNP Paribas to arrange NICO Project debt facility

Fortune Minerals Limited announce that it has retained BNP Paribas to provide advice and financial services in connection with the arrangement of a US$ 200-250 million debt facility to finance the construction, start-up and operation of the Company’s NICO Gold-Cobalt-Bismuth-Copper development in the Northwest Territories. Based in Paris, France, BNP Paribas is a world class financial institution... 

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Paladin Energy Ltd: Kayelekera Fatality

Paladin Energy Ltd regretfully advises that a fatality has occurred as a result of a motor vehicle incident at the Kayelekera Uranium Mine in Malawi on Wednesday, 7th October. A contracted mini-bus conveying 19 national workers overturned on a site access road and rolled down an embankment. One employee died and 19 people (including the driver) were injured. Those injured were immediately attended... 

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Harry Winston Diamond Corporation announces Diavik Diamond Mine cancels winter production shutdown

Harry Winston Diamond Corporation announce Diavik Diamond Mines Inc.’s decision to cancel a winter production shutdown at the Diavik mine in Canada’s Northwest Territories. Earlier this year, Diavik had announced a series of actions in response to changes in market conditions, including plans for a summer and winter production shutdown. The summer shutdown was safely and successfully concluded... 

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Northern Shield Resources Defines Gold Anomaly at its Faint Hope Property in northern Ontario

Northern Shield Resources Inc. an innovative, results-driven Canadian company focused on Platinum Group Element (PGE) exploration in Ontario announce the completion of a soil sampling survey over its 100% owned Faint Hope property north of Cochrane, Ontario, which is being explored for Homestake-style gold mineralization. The property, which consists of 6 contiguous claims, covers what is interpreted... 

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