Gentor Resources Inc. closes acquisition of APM Mining Limited

GENTOR RESOURCES, INC. announce the acquisition of APM Mining Limited pursuant to the closing under the Share Exchange Agreement dated February 23, 2010 between the Company, APM Mining and Arabian Peninsula Projects Ltd. As a result of the acquisition, the Company, through its wholly owned subsidiary, APM Mining, holds the earn-in rights to the Block 5 and Block 6 copper exploration projects located... 

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Matamec Announces the Discovery of New Rare Earth-Yttrium Showings in the Kipawa Alkaline Complex

Matamec Explorations Inc. announce the discovery of new rare earth showings on its 100% Zeus property in Temiscamingue. The property covers 14 371 hectares and is located in the Kipawa alkaline complex. Mining Engineering magazine mentions in its “Industrial Minerals Review” June 2008 edition that consumption of REE, especially in automotive catalysts, fluid cracking catalysts, permanent... 

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CABO TO DRILL ADDITIONAL 14,500 METERS IN ALBANIA FOR BALKAN RESOURCES INC & CANCEL STOCK OPTIONS

Cabo Drilling Corp.’s majority owned Balkan States Drilling SH.P.K. of Tirana, Albania has been awarded two additional contracts from Balkan Resources Inc. The contracts call for the Company to drill 13,000 meters on Balkan Resources Perlati Project and 1,500 meters on their Librazhd Project, in Albania. The Perlati project is located in the Merdite District, a known copper district, southeast... 

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CanAlaska to undertake uranium exploration with Chinese mining partner

CanAlaska Uranium Ltd. announce that it has entered into a Memorandum of Understanding with East Nickel Mining Inc. to undertake joint exploration for uranium on its 100%-owned North East Wollaston Project. As outlined in the MOU, ERI may earn a 40% interest in the Project by undertaking a minimum of 100,000 metres of diamond drilling within 5 years. ERI may earn a 70% interest in the Project by undertaking... 

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GobiMin Signs Definitive Sales and Purchase Agreement To Sell its Chinese Nickel Properties

Subsequent to the two revocable framework agreements signed on November 1, 2008 and the press release published on November 3, 2008, GobiMin Inc. announce that it has entered into two definitive Sale and Purchase Agreements with Xinjiang Xinxin Mining Industry Co., Ltd. to dispose of its three nickel-copper mining properties, namely Yellow Mountain East, Xiangshan and Yellow Mountain, in Hami, Xinjiang... 

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Japanese Conglomerate Takes $40-million Stake in Junior Canadian Explorer’s Promising Alaskan Nickel Property

Pure Nickel Inc. announce that it has entered into an exploration and option agreement with ITOCHU Corporation, a multi-billion dollar Japanese conglomerate. The agreement provides ITOCHU with the right to earn up to a 75% interest in Pure Nickel’s 720-square-kilometre MAN Alaska property by investing up to $40 million in further exploration and development of the property. The MAN project is... 

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GobiMin Signs Framework Agreement To Sell its Chinese Nickel Properties

GobiMin Inc. announce that it has entered into two revocable framework agreements with Xinjiang Xinxin Mining Industry Co., Ltd. to dispose of its three nickel-copper mining properties, namely Yellow Mountain East, Xiangshan and Yellow Mountain, in Hami, Xinjiang Uygur Autonomous Region of the People’s Republic of China. The proposed transaction will be facilitated through the sale of its two... 

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GobiMin announces Strategic Review of Yellow Mountain Project

GobiMin Inc. announced that it will start a strategic review on the development of Yellow Mountain nickel/ copper project due to the recent dramatic decline of nickel and copper price. At this time, it is uncertain how long metal price will remain depressed therefore the Company believes that it is a prudent course of action to preserve cash and temporarily suspend construction work at the YM Project... 

First Nickel Places Lockerby Mine on Care and Maintenance

First Nickel Inc. announced that, from today, it is suspending production and initiating a care and maintenance program at its wholly owned Lockerby Mine due to low metal prices and the challenging financial environment. The decision follows an extensive evaluation of mining scenarios and likely near term metal price projections that rule out the continuation of operations. The Lockerby Mine will be... 

Duluth Metals Appoints Dean M. Peterson, Ph.D. as Senior Vice President, Exploration

Duluth Metals Limited announce that Dean M. Peterson, Ph.D. is joining Duluth Metals as Senior Vice President of Exploration effective October 1, 2008. Dr. Peterson has over 20 years of experience in mineral exploration, geological consulting, and developing economic geology programs. Dr. Peterson is one of the pre- eminent authorities on Duluth Complex mineralization and brings extensive technical... 

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