Gentor Resources Inc. closes acquisition of APM Mining Limited

GENTOR RESOURCES, INC. announce the acquisition of APM Mining Limited pursuant to the closing under the Share Exchange Agreement dated February 23, 2010 between the Company, APM Mining and Arabian Peninsula Projects Ltd. As a result of the acquisition, the Company, through its wholly owned subsidiary, APM Mining, holds the earn-in rights to the Block 5 and Block 6 copper exploration projects located... 

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Credo Petroleum Announces Drilling on Its First Horizontal Bakken Well

Credo Petroleum Corporation, an oil and gas exploration and production company with significant assets in the Mid-Continent and Rocky Mountain Regions, today provided an update on its horizontal Bakken drilling project. Credo entered the horizontal Bakken oil play in 2008 as part of its ongoing strategy to focus on developing oil production and reserves. To date, the company has acquired 6,100 gross... 

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Northern Shield Resources Defines Gold Anomaly at its Faint Hope Property in northern Ontario

Northern Shield Resources Inc. an innovative, results-driven Canadian company focused on Platinum Group Element (PGE) exploration in Ontario announce the completion of a soil sampling survey over its 100% owned Faint Hope property north of Cochrane, Ontario, which is being explored for Homestake-style gold mineralization. The property, which consists of 6 contiguous claims, covers what is interpreted... 

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AuEx Ventures, Inc.: Pequop South Gold Exploration Property Optioned

AuEx Ventures, Inc. a TSX listed precious metals exploration company that has a current portfolio of twenty three exploration projects in Nevada, one project in Spain and two projects in Argentina announce that it has entered into an Exploration Earn-in Agreement (“Agreement”) with Golden Dory Resources, Corp. (“GDR”) of Gander, Newfoundland, Canada concerning the Company’s... 

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Dozens of cranes sold at US$20 million Ritchie Bros. auction in Chicago

Ritchie Bros. Auctioneers, the world’s largest industrial auctioneer, sold more than US$20 million of heavy equipment and trucks – including 61 cranes – at its unreserved public auction in Chicago, Illinois last week (July 16 17, 2009). More than 2,200 people from 49 U.S. states and 27 other countries registered to bid in person or online on more than 2,700 used equipment items, including... 

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Talon Metals Granted Rights to New Potash Exploration Licences

Talon Metals Corp., announce the granting of two new exploration licences for potash and to provide an update on the Sergipe Potash Project located in Sergipe State, Brazil. In a news release dated May 25, 2009, the Company announced the acquisition of the Sergipe Potash Project and immediately commenced a detailed review of the available technical data. Subsequently, Talon submitted an application... 

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Uracan launches summer drilling program and extensive field work on North Shore properties

Uracan Resources Ltd., a publicly-listed uranium exploration company, exploring for shallow, bulk tonnage style of uranium mineralization in Canada announce that further to its news release dated June 4, 2009, a multi-phased exploration program has begun at its 100% owned North Shore property in Quebec, Canada. A 4000 meter drill program will further test the mineralization around the known Double... 

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Vantex Acquires One Exploration Permit for Oil and Natural Gas in the Moose River Basin

The management of Vantex resources Ltd has obtained one exploration permit for oil and natural gas in the Quebec portion of the Moose River Basin, located in the James Bay Lowlands. The permit covers an area of 25,000 hectares. The Salomon Lake oil seep, found within the exploration permit, is characterized by a milky white to greenish film on the surface of numerous ponds south of Salomon Lake (Salomon... 

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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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RAK Petroleum Announces Eagle Energy Acquisition

RAK Petroleum PCL announced that it has purchased Eagle Energy Limited, a wholly-owned subsidiary of UK-based Heritage Oil Limited, for cash consideration of $28 million. Eagle Energy holds a 10 percent interest in Block 8, Sultanate of Oman. The acquisition brings RAK Petroleum’s total shareholding in the block, which the company operates, to 50 percent. RAK Petroleum announced in February 2009... 

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