Harry Winston Diamond Corporation announces Diavik Diamond Mine cancels winter production shutdown

Harry Winston Diamond Corporation announce Diavik Diamond Mines Inc.’s decision to cancel a winter production shutdown at the Diavik mine in Canada’s Northwest Territories. Earlier this year, Diavik had announced a series of actions in response to changes in market conditions, including plans for a summer and winter production shutdown. The summer shutdown was safely and successfully concluded... 

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EurOmax commences diamond drilling at Ceovishte project, Serbia

EurOmax Resources Limited announce that it has commenced a 13 square kilometre geophysical program and a 2,500 metre diamond drilling program at Ceovishte to test two large gold bearing breccia bodies. During 2008 EurOmax completed a detailed mapping and soil geochemistry program defining a 6 kilometer long zone of strongly altered andesite volcanics and intrusives with abundant ancient mine workings.... 

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Gammon Gold Announces Successful End to the El Cubo Strike

Gammon Gold Inc. announce the successful conclusion of the strike action at its El Cubo mine in Guanajuato State, Mexico. The union representatives agreed to recommend to its members the adoption of a seven-day continuous work schedule that Management had tabled as part of the negotiations of the union’s collective agreement. The changes to the agreement were ratified at a vote by the union membership... 

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InterOil Closes U.S.$70.4 Million Registered Direct Common Stock Offering

InterOil Corporation announced it has closed its previously announced 2,013,815 share common stock “registered direct” offering. InterOil has received gross proceeds of U.S.$70,443,249 before deducting offering expenses. Phil Mulacek, Chief Executive Officer of InterOil, commenting on the transaction said, “The opportunity presented by the Elk/Antelope discovery and surrounding prospects... 

Gold Demand Surges as Investors Turn to Wealth Preservation

Fears of future inflation and ongoing financial uncertainty led investors to continue to flock to gold in the first quarter of 2009, seeking out its proven wealth preservation qualities. Total demand for gold in Q1’09 rose 38% year on year to 1,016 tonnes, representing a 36% rise in value terms to US$29.7bn. According to figures published today by World Gold Council (WGC) in its Q1’09 Gold Demand... 

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Interest in Gold Surges as Investors Seek Diversification

Ongoing risk aversion, growing uncertainty over where consumer prices are headed and a renewed vigor in the search for effective portfolio diversifiers all supported gold investment demand throughout the first quarter of 2009, according to World Gold Council’s latest Gold Investment Digest. “One reason the financial crisis has been so devastating for investors is that many alternative assets did... 

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Bear Creek announces acquisition of three new precious metals prospects, Peru

Bear Creek Mining announce the acquisition of 100% interests in three new gold/silver exploration targets located in southern Peru. In addition to its commitments towards advancing the Corani and Santa Ana deposits which together contain over 400 million ounces of silver in measured and indicated resources plus base metals credits, the Company continues to maintain aggressive generative exploration... 

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Two Private Placements Closed to Fund Romaine Iron-Titanium Project

Medallion Resources Ltd. announces the closure of two non-brokered Flow-Through private placements of the Company’s shares. The gross proceeds raised totals $397,632.00, which will be used to fund exploration at the Romaine Iron-Titanium Project. The first placement involved the issue of 1,266,999 flow-through common shares at $0.15 per share to raise gross proceeds of $190,049. Two of the Company’s... 

$207,583 Private Placement with MineralFields Group to Fund Romaine River Iron-Titanium Project

Medallion Resources Ltd. announces that it is arranging a non-brokered private placement of the Company shares with MineralFields Group (a division of Pathway Asset Management). The private placement will consist of 1,383,886 flow-through common shares at $0.15 per share. The gross proceeds of the private placement will be $207,583. All shares will have a hold period of four months. The private placement... 

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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