Acadian Mining reports granting of security to Royal Roads Corp.

Acadian Mining Corporation announced that it granted security to Royal Roads Corp. to secure advances from Royal Roads to Acadian and its subsidiaries. The inter-company advances between Royal Roads and Acadian and its subsidiaries have fluctuated during the year and stood at $2,292,460 due to Royal Roads as at November 28, 2008. On November 28, 2008, the parties entered into formal documentation with... 

Royal Roads receives security from Acadian Mining Corporation

Royal Roads Corp. announced that it has filed on SEDAR its financial statements and management discussion analysis for the nine months ended September 30, 2008. The financial statements reflect that the inter-company advances between Royal Roads and Acadian Mining Corporation (“Acadian”) (ADA-TSX) and a wholly-owned subsidiary of Acadian have fluctuated during the year and stood at an amount... 

Abacus Expands the Development Team for the Afton-Ajax Project

Abacus Mining & Exploration Corporation announce the appointment of Mr. James Whittaker as Project Manager for the development of the Afton – Ajax mine near Kamloops, B.C. Mr. Whittaker will report to Andrew F. Pooler, Executive Vice President and Chief Operating Officer. Mr. Whittaker has more than 18 years of mining experience in both North and South America including 14 years with Placer... 

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Vulcan Minerals Inc.: Potash Review

Vulcan Minerals Inc. announce that the company owns 100% interest in 1462 mineral claims (approximately 100,000 acres) in the Bay St. George Basin of Western Newfoundland with the potential to host an economically viable potash deposit. These claims have been systematically acquired over the course of the last ten years as the Bay St. George basin has been the primary focus of the Company’s exploration... 

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Buchans River completes plan of arrangement with Royal Roads

Buchans River Ltd. are pleased to announce that the Plan of Arrangement between Buchans River and Royal Roads was completed today. The Arrangement was overwhelmingly approved by Buchans River shareholders at a special meeting held on July 23, 2008, and was approved by the Supreme Court of Nova Scotia on July 24, 2008. It is expected that Buchans River shares will be delisted from trading on the TSX-V... 

Acadian Mining Corporation announces acquisition of interest in Fifteen Mile Stream gold property

Acadian Mining Corporation (TSX: ADA; “Acadian” or the “Corporation”) announced today that it has acquired 50% of the outstanding shares (“Shares”) of 6179053 Canada Inc. (“6179053″) as well as a shareholder’s loan in the amount of $68,745 for an aggregate purchase price of $1,068,745. 6179053’s only asset is the Fifteen Mile Stream gold property... 

Virginia House Committee Rejects Uranium Mining Study Sought by Virginia Uranium

A legislative committee has rejected a privately financed scientific study that environmentalists and some Southside Virginia residents feared would inevitably lead to ending the state’s 25-year moratorium on uranium mining. The House Rules Committee voted 11-4 Monday to table Sen. Frank Wagner’s bill, which would have created a 17-member commission to oversee a study of whether uranium... 

Regulator eases offshore N.S. petroleum exploration

A Nova Scotia-federal regulator is making it easier for companies to explore for petroleum off the province’s coast. The Canada-Nova Scotia Offshore Petroleum Board will introduce more flexible terms and conditions for new exploration licences, chairwoman Diana Dalton said Thursday. “We believe the changes we’ve announced today will get explorers exploring at minimal cost and provide... 

Corridor Updates Drilling and Development Activities at McCully

Corridor Resources Inc. reported that drilling operations have commenced at the P-76 well in the McCully natural gas field located near Sussex in southern New Brunswick. The well is the first to be drilled at McCully using the Nabors #86 (triple) drilling rig which was recently mobilized to the field from Alberta. The well is designed to evaluate and test the Hiram Brook formation at a location approximately... 

Roughnecks Get Maids as Shell, Exxon Battle Oil Worker Shortage

Donnie Lewis says he’d quit the coldest, dirtiest job he’s ever known — drilling in Canada’s oil-rich bogs for Suncor Energy Inc. — if it wasn’t for the free private room, maid service and five-course meals. “I wouldn’t do it if I had to share a room with six other fellows, all snoring and making a racket when you’re trying to get a few winks,”... 

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