Blue Note Mining Closes $700,000 First Tranche Financing with the MineralFields Group
Blue Note Mining Inc. announce that it has closed the first tranche of the non-brokered private placement announced on September 10, 2009 through the sale of 3,500,000 Flow-Through Units (“FT Units”) at $0.20 per unit to the MineralFields Group for total gross proceeds of $700,000. Each FT Unit consists of one flow-through common share along with a full common share purchase warrant, each...
Blue Note Mining Mobilizes Drill Rig on Williams Brook Gold Property
Blue Note Mining Inc., a Canadian mineral exploration and mining company headquartered in Montreal with operations in Bathurst, New Brunswick reports that it has engaged Logan Drilling of Stewiacke, Nova Scotia, to begin a 10-hole drilling program on Blue Note’s Williams Brook Gold property located near Bathurst, New Brunswick. The aim of this drill campaign is to further define the grade, frequency...
Slam Exploration announces zinc – lead – silver resource at Nash Creek
SLAM Exploration Ltd. announces it has received a draft 43-101 Technical Report and resource estimate from Wardrop Engineering Inc. for its wholly-owned Nash Creek Project in New Brunswick. Using a 2% Zinc Equivalent cut-off and after mill recoveries are factored in, Wardrop estimates the Nash Creek deposit contains an indicated resource of 7,807,900 tonnes grading 2.72% zinc, 0.55% lead and 18.26...
Blue Note announces acquisition of equity interest in Dynamite Resources
Blue Note Mining Inc. announced its acquisition yesterday of 12,571,500 common shares of Dynamite Resources Ltd. representing approximately 11.09% of the total issued common shares of Dynamite. The Dynamite shares were acquired on the TSX Venture Exchange for investment purposes at a price of $0.10 per share. Combined with the Dynamite common shares previously owned, Blue Note now owns a total of 13,762,500...
Blue Note to put Caribou and Restigouche on temporary care and maintenance
Blue Note Mining Inc. announced that it will be initiating a temporary care and maintenance program at its Caribou and Restigouche zinc and lead mines, owned through its wholly-owned subsidiary Blue Note Caribou Mines Inc. Since commercial production was achieved in January 2008, operating performance has continuously improved with all of the original planned production targets being achieved or surpassed....
Blue Note Drilling Confirms Continuity of Mineralization at Depth in Caribou Mine
Blue Note Mining Inc. reports its recent underground exploration drilling at its Caribou mine near Bathurst, New Brunswick has confirmed continuity of mineralization to a depth of 600 meters. Eight holes drilled into Lens 3 on Levels 5 (480m) and 6 (560m) and Lens 2 on Level 5 have successfully delineated additional resources. The best hole intersecting Lens 3 returned 9.23% Zn, 3.75% Pb and 98.75...
Rockwell Recovers 189.6 Carat White Diamond from its Klipdam Mine
Rockwell Diamonds Inc reports on the recovery of an exceptional 189.6-carat gemstone diamond from its Klipdam mining operation north of Kimberley in the Northern Cape Province of South Africa. This large and exceptional gemstone diamond is oval in shape, somewhat flattened and strongly resorbed, and shows features typical of top colour high value Type-2 gemstones. Stones of this quality have previously...
Breakwater Exercises Its 20% Property Conversion Option on Caribou
Breakwater Resources Ltd. Effective today, Breakwater exercised its right pursuant to the terms of the Unsecured Subordinated Convertible Debenture issued by Blue Note Mining Inc. (formerly, Blue Note Metals Inc.) dated August 1, 2006 to convert the Debenture in exchange for a twenty percent (20%) interest in the mineral properties and mine facilities which comprise the Caribou and Restigouche mines...
Castle Harlan Agrees to Sell AmeriCast for US$288 Million to Bradken
Castle Harlan, Inc., the New York private equity investment firm, announced that it had agreed to sell AmeriCast Technologies, Inc., a North American leader in the design and manufacture of large, complex steel castings, to Bradken Ltd., a leading publicly-traded Australian manufacturer of cast steel and other products, primarily for the mining and railroad industries, in a transaction valued at approximately...
Zambia mining boosted by copper demand
Surging global demand for copper has breathed new life into the mining industry in Chingola, a short drive from the Congolese border on top of some of the richest copper deposits in the world. Zambian miners clad in white helmets and blue jumpsuits are building a $300-million (about R2,1-billion), high-tech copper smelter at Konkola Copper Mines, right next to one of the largest open pit copper mines...
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