Quaterra and Goldcorp Sign Investment Framework Agreement

Quaterra Resources Inc. announced that Goldcorp Inc., has entered into a binding Investment Framework Agreement (IFA) with the Company. The IFA formalizes the terms of a previously announced Letter of Intent that provides Goldcorp with an option to acquire an interest in certain mining properties held by or acquired by Quaterra in central Mexico in return for funding a two-year generative exploration... 

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Goldcorp Has the Right to Match Competing Proposal to Acquire Canplats Resources

Goldcorp Inc. announced that it has received a notice from Canplats Resources Corporation that Minera Penmont S. de R.L. de C.V. (“Penmont”) has made a proposal to acquire all of the issued and outstanding shares of Canplats (the “Penmont Proposal”) for cash consideration of $4.20 per share plus shares of a newly-formed company which will hold Canplats’ exploration properties... 

Central Completes Due Diligence on Newman Todd Property and Moves Forward With Option

Central Resources Corp., announce that it has successfully completed due diligence on the Newman Todd property and is proceeding with the previously announced option agreement whereby Central can earn a 60% undivided interest in the Newman Todd property from Redstar Gold Corp. “Acquiring an option on a property located in Red Lake Mining Camp, the most prolific gold region in Canada, is a significant... 

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MPH Ventures Issues Shares to Rubicon Minerals, Updated NI 43-101 Resource Calculation to be Completed

MPH Ventures Corp. announces that it has issued 25,000 common shares in connection with its Property Option Agreement dated November 15, 2007 with Rubicon Minerals Corp. whereby the Company has been granted an option to earn a 100% interest, subject to a 2% net smelter return royalty, in the Echo Township property located in the Patricia Mining Division, northwestern Ontario (the “Property”).... 

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Universal Approved to Commence Drilling Nevada Gold Property

Universal Uranium Ltd. report that its Notice of Operation for proposed drilling on its newly acquired Tact Project in Humboldt County, Nevada has been accepted by the Bureau of Land Management office in Winnemucca. Universal is currently bonding the proposed activities with the State Bureau Land Management office which includes 15 to 20 reverse circulation drill holes from 15 permitted sites within... 

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Ashburton Commences Work Program on Chukuni Red Lake, Ontario

ASHBURTON VENTURES INC. would like to announce that the summer work program has commenced on its Red Lake Chukuni Property. Contractors are on the property completing a 17 line km ground grid. Once established, GEOSIG Inc. will commence an induced polarization survey over the newly established grid. The previous work program encountered anomalous gold values in a moderate to strong ankerite and silicification... 

Radisson Mining Sale Properties to Clifton Star

Radisson Mining Resources Inc. a Quebec-based exploration company announced the sale of its Destor and Lepine properties located in Destor township, Quebec, to Clifton Star Resources Inc. (Clifton Star). Consideration to Radisson for the sale of these properties is a total of $250,000 cash on closing. Also, Radisson will retain a 2% net smelter return on the Destor property with no right of buyback... 

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Mega Silver Inc. and Skybridge Development Corp. Sign Business Combination Agreement

Mega Silver Inc. announce that they have signed a business combination agreement in respect of the previously announced proposed acquisition of Skybridge by Mega. Under the terms of the acquisition, Mega will acquire all of the outstanding common shares of Skybridge (“Skybridge Shares”) in exchange for common shares of Mega (“Mega Shares”), on the basis of one (1) Mega Share... 

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Temex Resources Corp.: Deep drilling continues to intersect high grade gold

Temex Resources Corp. announces that drilling on the Whitney Township Property is continuing to intersect high grade gold values on the Hallnor deep targets with all holes drilled to date having intersected visible gold. The Property occurs within a 4 kilometre long, 10+ million ounce mine trend and includes the former Broulan Reef and Hallnor Mines. The Hallnor Mine was one of the highest grade gold... 

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Firstgold Corp. Begins Leaching at Relief Canyon Mine

Firstgold Corp. said that it has received approval to begin application of cyanide on its new heap leach pad. Over the last 45 days, Firstgold has run one shift a day crushing and stacking ore in anticipation of receiving approval and has stacked approximately 170,000 tons of material. According to industry standards, Firstgold has taken regular samples from its conveyors at the beginning of each shift....