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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Silver Standard Resources Inc.: Sale of Silvertip Project Closes

Silver Standard Resources Inc. report that the sale of the Silvertip Project to Silvercorp Metals Inc. closed on February 26, 2010. Silver Standard was issued 1.2 million common shares of Silvercorp at a deemed price of $6.25 per common share, and received a cash payment of CDN$7.5 million, for total consideration of CDN$15 million for the sale of the Silvertip Project. Gryphon Partners acted as financial... 

Black Hawk Exploration Incorporates Wholly Owned Gold Exploration Subsidiary ‘Golden Black Hawk’

Black Hawk Exploration incorporates wholly owned Gold Exploration subsidiary “Golden Black Hawk”. Black Hawk Exploration is a diversified energy and metals exploration company focused on identifying, acquiring and exploring strategic high value properties and developing new prospective projects globally. Further to its previous announcement in late September 2009 Black Hawk Exploration... 

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Mines Management Withdraws Public Offering of Common Shares

MINES MANAGEMENT, INC. announced today that it has withdrawn its previously announced public offering of 6,000,000 shares of common stock. The terms presented by the underwriters did not meet the minimum expectation of net proceeds. The Company’s President and Chief Executive Officer, Mr. Glenn M. Dobbs, stated, “While we were gratified with the strong support for the offering, potential pricing... 

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Denarii Resources Enters Negotiations to Acquire Production-Ready Gold and Silver Mine

Denarii Resources Inc., a mining company focused on acquiring gold, silver and other resource properties worldwide, announced today that it has entered into negotiations to acquire a production-ready gold, silver and copper project located in South America. Denarii Resources employs a world-class mining team of advisors, geologists and consultants who are uniquely qualified to identify favorable acquisition... 

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Robex is starting its drilling campaign on Nampala

Robex Resources Inc. announce that it has completed the preparatory phase of the drilling campaign planned for the Nampala gold deposit located on the Mininko permit, in the Republic of Mali. Robex is now preparing to commence its drilling campaign with the intent of increasing the quality of the resources contained within a portion of the Nampala deposit. This past October, the engineering-consulting... 

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Newly Acquired Manitoba Intrusive Complex Yields High REE Values

Canadian International Minerals Inc (CIN) has been granted a 5000 hectare Mineral Exploration Licence (MEL) in the Knee Lake region in central Manitoba. The MEL covers the Cinder Lake alkaline intrusive complex (CLC) which has only recently been studied by the Manitoba Geological Survey (MGS) and the Department of Geological Sciences (DGS) of the University of Manitoba. The south eastern part of the... 

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Uruguay Mineral Exploration Inc.: Reschedule of Definitive Agreement with Fortune Valley

Uruguay Mineral Exploration Inc., a South American gold production and exploration company, announced today that the signature with Fortune Valley Resources Inc. (“Fortune Valley”) of the definitive agreement to combine their respective businesses has been rescheduled for November 6, 2009, extending the deadline from October 30. Due diligence is still being undertaken by both parties and... 

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North Bay Resources Goes Green With Vanadium Acquisition

North Bay Resources Inc. announce that it has acquired the Pine River Vanadium deposit in northeastern British Columbia. Vanadium is a strategic metal that is irreplaceable in a number of applications, including alternative energy storage, where its environmentally friendly attributes have led many to now refer to it as the “green” metal. Pine River Vanadium covers 1,810 acres and is located... 

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HudBay to Re-Start Chisel North Mine and Snow Lake Concentrator

HudBay Minerals Inc. announced that it will re-start operations at its Chisel North mine and concentrator in Snow Lake, Manitoba effective immediately, with full production expected in the second quarter of 2010. The re-start of operations at Snow Lake is expected to provide approximately 30,000 tonnes of zinc concentrate feed to the company’s Flin Flon zinc plant annually. The capital costs... 

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