A$17.8 Million Recommended Takeover Offer by Paladin Energy Ltd for Fusion Resources Limited

Paladin Energy Ltd and Fusion Resources Limited announce that Paladin intends to make an off-market scrip takeover offer for Australian and Toronto Stock Exchange listed minerals exploration company Fusion. This announcement was made after close of trading on the ASX. The consideration under the Offer will comprise 1 fully paid ordinary Paladin share for every 6 fully paid ordinary Fusion shares,... 

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Asian Mineral Resources Limited-Revised Corporate Strategy

Asian Mineral Resources Limited announced that it has adopted a corporate and operating strategy whereby: - Most of the activity being undertaken at the Company’s Ban Phuc Nickel Project, with the objective of a spring 2009 start-up, will be suspended. - The Project (including a recently completed vertical ore pass) will be placed on a care and maintenance basis. - Expenditures will be reduced... 

Tag: copper mining and strategy, asian mineral, asian mineral mining, asian mineral resources ltd meeting, company strategy mining

Continental Nickel Expands High Grade Nickel-Copper Zones at the Nachingwea Project, Tanzania

Continental Nickel Limited announce additional assay results from the second season of drilling on its 70% owned Nachingwea nickel sulphide project in Tanzania. The Nachingwea project is a 70:30 Joint Venture with IMX Resources NL (“IMX”) of Australia. Continental Nickel is conducting a C$7.0 million exploration program at Nachingwea in 2008 and is well funded with over C$16 million in... 

Tag: tandrill limited tanzania

Dianor Inc.: Coloured Diamonds, Including a Blue Coloured Stone Continue to Predominate in Final Three Drill Holes From Mori Joint Venture Property in Ontario

Dianor Resources Inc. in conjunction with its joint venture partners Metalex Ventures Limited and Mori Diamonds Inc. inform its shareholders that it has received complete results for the remaining 3 holes of the 16 NQ drill holes drilled on the Mori joint venture properties, located 3 kilometres north east and north west of the Leadbetter Diamond Property in the Wawa area of Ontario. Theses are... 

Golden Star Update of the Paul Isnard Exploration Concession and Associated Mineral Concessions in French Guiana

Golden Star Resources Ltd. wishes to clarify a number of points made by the EURO Ressources S.A. in its press release of September 11, 2008 regarding the Paul Isnard Permis Exclusif de Recherches and the adjacent eight mineral concessions (collectively, the “Paul Isnard Properties”). Golden Star has noted the disclosure made by EURO in its September 11, 2008 press release regarding EURO completing... 

Stornoway Doubles Size of Aviat’s Highly Diamondiferous AV267 Sheet

Stornoway Diamond Corporation and Hunter Exploration Group (Hunter) are pleased to provide the following update for the Aviat Project, host to a series of significantly diamondiferous kimberlite pipes and sheets (see map available at http://www.stornowaydiamonds.com/_resources/Kimberlite-Bodies.jpg). The 486,000 acre Aviat Project is located on the Melville Peninsula in eastern Nunavut, Canada, and... 

Metalex Ventures Ltd. – 106 purple diamonds in Quebec rock samples

Metalex Ventures Limited in conjunction with its joint venture partners Dianor Resources Inc. and Wemindji Exploration Inc. (Wemex) are pleased to announce receipt of final diamond results for one hundred and eleven (111) reconnaissance surface rock samples taken on the Joint Venture’s Ekomiak II; IV; V; VI; and VII properties in the James Bay region of Quebec. Diamonds were recovered from all... 

Tag: pictures of purple diamond, mining rock samples, expensive purple rocks, archean conglomerate source kimberlite, purple mine rocks

Trade group cautions court on mining order

The Federation of Philippine Industries (FPI) has warned that any court order stopping the 30-day test run of the mining operation of Lafayette Philippines in Rapu-Rapu, Albay, may derail the infusion of more foreign mining investments into the country. FPI president Jesus Arranza said the government’s target of raising $122 million in mining investments by year’s end is potentially imperiled... 

Crowflight Intersects 27.8 Feet Grading 3.6% Nickel in Bucko Deposit Resource Expansion Drilling

CROWFLIGHT MINERALS INC. (TSX VENTURE:CML) is pleased to announce results of an additional four holes from its planned 10 hole, Phase 1 resource in-fill surface diamond drill program. The program is focused on expanding the Indicated Resources in the Bucko Nickel Deposit, Thompson Nickel Belt (“TNB”), Manitoba. The in-fill program is part of Crowflight’s Bankable Feasibility Study...