Simberi to Acquire Gold Properties in Guyana

Simberi Mining Corporation, a Canadian based international mineral development company that develops a portfolio of natural resource properties and companies announce that it has entered into a letter of intent with Lori Energy Inc., to enable Simberi to acquire up to a 100% interest in Prospecting Licence: PL/35SE/02/07 called the Kaburi Licence encompassing 6,431 hectares located in the Mazaruni... 

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Evolution Petroleum Reports Drilling Results in the Giddings Field

Evolution Petroleum Corporation reported recent drilling results for two wells in the Giddings Field in central Texas. In mid-January, the Company completed the Hilton-Yegua #1RE as a re-entry into an existing well in the Burleson County area of the Giddings Field. The re-entry included drilling a new vertical section from 3,000′ depth to a total vertical depth of 10,500′ and then drilling... 

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CGX Energy Completes Corentyne 3D Seismic Program

CGX Energy Inc. announce that shooting of the 536 sq km 3D seismic survey on CGX’s 100% Corentyne Petroleum Prospecting Licence (PPL) has been completed. In the Georgetown PPL, in which CGX holds a 25% interest, the survey has been expanded by 200 sq km to 1,850 sq km. The Georgetown survey has been shot in parallel with the Corentyne and is expected to be completed after the New Year. Kerry... 

Tethys Petroleum Limited: AKK16 Exploration Well Tests Gas

Tethys Petroleum Limited announced that its AKK16 exploration well has tested gas at a rate in excess of 10.2 million cubic feet per day (MMcf/d) (290.2 thousand cubic metres per day (Mcm/d)). This discovery has now been named the “South-East Akkulka” gas accumulation. Tethys also announced that it has acquired additional drilling and operations equipment. Exploration well AKK16 was drilled... 

Gold Port Purchases Groete Creek Gold Project

Gold Port Resources Ltd. announce it has advised the Groete Creek Gold Project property owner that it intends to complete the purchase of the property by making the final payment of $ U.S. 250,000 due this month. Upon completion of transfer of title, the Company will own the project 100%, subject to a Net Smelter Royalty of 1.5% retained by the owner, which can be purchased for U.S. $ 3 million. The... 

Sacre-Coeur Minerals, Ltd. Closes $3.625 Million Private Placement

SACRE-COEUR MINERALS, LTD. is pleased to announce the closing of its previously announced non-brokered private placement which has now raised gross proceeds of CAD $3,625,000. Under the terms of the private placement, the Company has issued 2,500,000 Units (the “Units”) at CAD $1.45 per Unit to two institutional investors, including RAB Special Situations (Master) Fund Limited. The transaction... 

Tethys Petroleum Limited: Continuance Under the Laws of the Cayman Islands and Adoption of Shareholder Rights Plan

Tethys Petroleum Limited announced that the continuance of the Company from the laws of Guernsey to the laws of the Cayman Islands has been completed on July 17, 2008. The continuance, which was approved by the shareholders of the Company at the annual meeting on April 24, 2008, is described in the management information circular dated March 20, 2008 (“the management information circular”)... 

U3O8 Corp. Intersects Uranium in Phase 1 Drilling

U3O8 Corp. is pleased to announce positive results from the first two holes of its 16 hole Phase I, 2,400 meter drill program in the Aricheng Area, located in Permit Area A, Guyana, South America. The initial results are encouraging and confirm uranium mineralization identified by Cogema in the early 1980’s. Results of note are 10.5 meters of 0.09% (2.0 lbs. per tonne) U3O8 in hole ARN-07-001... 

Mega Announces Wide Intersections of greater than 0.1% U3O8 in its Validation Drilling of the Maureen Uranium Resource, Queensland, Australia

Mega Uranium Ltd. is pleased to announce encouraging results in the first batch of assay results received from 11 holes in the 50 hole, 3895 metre RC/diamond core validation drilling programme undertaken on its Maureen uranium resource in the last quarter of 2006 (see table 1 below). Maureen, located in the Georgetown region of Queensland, Australia, contains a pre NI43-101 historical Indicated Resource... 

Unicorp Announces Participation in Multi-Well North Cayuga Prospect With Potential Gross Reserves of 1,000,000 Barrels of Oil and 4 Bcf of Gas

Unicorp, Inc. announced that it has entered into an agreement to participate in the North Cayuga Prospect located in Henderson County, Texas. The Cayuga Prospect will be drilled to a depth of approximately 9000 feet to initially test the Rodessa Bacon Lime zone. This prospect has the potential for eight wells and potential gross reserves of 1,000,000 barrels of oil and 4 Bcf of gas. Unicorp will have...