Drilling Commences at New Dimension’s Reese River Silver Project, Nevada

New Dimension Resources Ltd. and its wholly-owned subsidiary Dimension Resources (USA) Inc. (the “Company” or “New Dimension”) are pleased to announce that a 2,000 metre Phase I reverse circulation (“RC”) drill program has commenced at New Dimension’s Reese River Project (the “Property” or “Reese River”) in Nevada. The Phase I drill... 

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Copper Canyon and Egoli Gold Amend Abo Option Agreement

Copper Canyon Resources Ltd.and Egoli Resources Inc. (a private British Columbia Corporation) have agreed to amend Egoli’s option to earn a 75% interest in Copper Canyon’s wholly owned Abo Gold Property located in the Harrison Lake area of south-western British Columbia, approximately 130km east of Vancouver. Under the modified terms of the agreement, Egoli may earn a 75% interest in the... 

Firstgold Schedules Drilling at Fairview-Hunter Exploration Property

Firstgold Corp. announced that it will be beginning a reverse circulation drill program at the Fairview-Hunter property, located in Churchill County, Nevada. The property consists of 115 unpatented lode mining claims situated along the eastern and northern portions of the Fairview Mining District. Drilling will commence upon notice from the BLM that its bond has been processed. Firstgold’s CEO,... 

Santa Fe Gold Updates Progress of Construction at Summit Silver-Gold Mine

Santa Fe Gold Corp, a U.S.-based mining and exploration enterprise focused on gold, silver, copper and industrial minerals, today reported that construction is on track at its Summit mine and processing facilities in southwestern New Mexico and that processing of silver-gold ore is anticipated to begin the first quarter of 2009. In February 2008, the company announced it was proceeding with mine and... 

Alpha Gold mobilises diamond drill to test new ground in the Kwanika Valley at Lustdust

Alpha Gold Corp. announced that permitting is underway for a 3000-metre diamond drilling program to commence this week on territory never before drilled, in the Kwanika Valley on the Company’s 100%-owned Lustdust property in central B.C. The drilling program will target an area approximately 50 metres from Alpha’s eastern border with Serengeti Resources Inc.’s (TSX-V: SIR) Kwanika... 

General Metals Management Discusses Results Identified in Interim Report and Continues on the Path to Near Term Production

General Metals Corporation management is excited about the results reported in the Interim Report prepared by Samuel G. Nunnemaker, Reg. Geo., B.Sc., consulting geologist to the Company. Nunnemaker is a Qualified Person who has supervised the entire development drilling program discussed in the report and continues to do so throughout 2008 thus far. Mr. Nunnemaker has already begun updating the report... 

Silver Verde May Mining Announces Letter of Intent to Acquire Golden Eagle Mining Co., Inc.

Silver Verde May Mining Company announce that it has signed a letter of intent to acquire all of the issued and outstanding shares of Golden Eagle Mining Co., Inc.. Upon completion of due diligence and further director approvals, Verde May will issue 14,287,680 of its common shares to acquire all of the shares of Golden Eagle. Golden Eagle is an Idaho corporation incorporated in 1968. Golden Eagle... 

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Maestro Appoints Hans Rasmussen President

Maestro Ventures Ltd. announce that Mr. Hans J. Rasmussen has been appointed President of the Company. Mr. Rasmussen has 24 years experience in the mineral exploration business, including 4 years working for Newmont Exploration in the late 1980’s focused on gold exploration along the Carlin Trend, Nevada, and 12 years with the Kennecott-Rio Tinto group focused in the Americas, which also included... 

Yukon-Nevada Gold Corp.’s Jerritt Canyon to focus on profitability

Yukon-Nevada Gold Corp. announces its termination of Investec’s mandate to arrange and underwrite financing for mine expansion at the Jerritt Canyon Project, Nevada. In the face of continuing operating cost pressure in the mining industry worldwide Yukon-Nevada Gold Corp. has decided to suspend its underground operations at its Jerritt Canyon mines and focus solely on operating the profitable... 

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Yukon-Nevada Gold Corp. moves to secure financing for mine expansion

Yukon-Nevada Gold Corp. is pleased to announce that it has engaged the Commodities and Resource Finance Division of Investec Bank (UK) Limited (“Investec”) to arrange project finance and hedging facilities for the expansion of the Company’s Jerritt Canyon Mine in Nevada. The facilities are comprised of a term loan of US$40 million and a partial gold hedging program for the term of...