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Random News from Mining Top News

Orex Closes Flow-Through Private Placement for its Phase 2 Exploration Program at Goldboro

Orex Closes Flow-Through Private Placement for its Phase 2 Exploration Program at Goldboro

OREX EXPLORATION INC. announce the closing of a private placement of $547,000, consisting of 7,300,000 units. On this amount, MineralFields Group, through First Canadian Securities® (a division of Limited Market Dealer Inc.), has subscribed for 5,600,000  …

January 9th, 2009

PMCC Moves to Set Aside Security Granted by ICMI

PMCC Moves to Set Aside Security Granted by ICMI

…  over US$30 million from the company. On November 29, 2008, the Ontario court issued an injunction restraining the defendants from …

January 9th, 2009

Index Oil and Gas Announces Production Begins From Cochran No. 1 Discovery in South Texas

Index Oil and Gas Announces Production Begins From Cochran No. 1 Discovery in South Texas

…  this program. Drilling of the well began in late October 2008 and is part of an ongoing exploration program in South Texas. “We are very pleased with the results from the Garwood prospect …

January 8th, 2009

Phoenix Coal Inc. secures permits for Radio Hill section of Briar Hill surface mine

Phoenix Coal Inc. secures permits for Radio Hill section of Briar Hill surface mine

…  Coal Inc., a leading producer and consolidator of thermal coal reserves in the Illinois Basin, announced the Company has received a …  County, Kentucky, effective immediately. During December 2008, Phoenix obtained a permit required under Section 401 of the Clean Water …

January 8th, 2009

High Desert Gold Corporation Announces Results of Its Substantial Issuer Bid

High Desert Gold Corporation Announces Results of Its Substantial Issuer Bid

High Desert Gold Corporation announced the results of its substantial issuer bid to purchase for cancellation a maximum of 36,000,000 common shares of the Company at a price of Cdn.$0.27 per HDG Share. The Offer expired at 9:00 p.m. (Toronto time) on Janu …

January 8th, 2009

NovaGold Completes Disposition of Alexco Shareholding

NovaGold Completes Disposition of Alexco Shareholding

Alexco Resource Corp. reports it has been advised that NovaGold Resources Inc. has reduced its shareholding in Alexco from approximately 16% to less than 2%. This reduction was accomplished by way of private sale transactions, with the shares acquired by …

January 8th, 2009

Weststar Receives NI 43-101 Technical Report on Saskatchewan Tobin Lake 18 Meter Coal Property

Weststar Receives NI 43-101 Technical Report on Saskatchewan Tobin Lake 18 Meter Coal Property

…  Technical Report on the Saskatchewan Tobin Lake 18 Meter Coal property. The report, dated January 6, 2009, is authored by Marvin A. …  to those of Goldsource Mines, located about 90 km to the southeast. The report also notes the good access and close proximity to …

January 8th, 2009

Cloudbreak Receives Additional Coal Permits

Cloudbreak Receives Additional Coal Permits

…  and Resources has delivered to The Company additional coal permits encompassing 8 full or partial townships. To date, Cloudbreak …  approval and are awaiting formal documentation. This news release has been prepared on behalf of the Board of Cloudbreak Resources, …

January 8th, 2009

Intrepid Reports on Regulatory Developments Regarding its HB Solar Solution Mine

Intrepid Reports on Regulatory Developments Regarding its HB Solar Solution Mine

…  the BLM and numerous meetings and presentations, in May 2008, Intrepid submitted a Mine Plan to the BLM to proceed with development of …  ponds rather than having to burn natural gas or coal. Potash solution mining is a widely used and accepted technology. The oil …

January 8th, 2009

Conquest Raised $500,000 in Private Placement Financing

Conquest Raised $500,000 in Private Placement Financing

…  the placement was closed in escrow on December 31, 2008, pending disinterested shareholder approval of the creation of a new …

January 8th, 2009