American Mining Corporation Signs LOI to Form Production Joint Venture on Terra Gold Project, Alaska

American Mining Corporation announce that it has signed a binding letter of intent to enter into a joint venture with International Tower Hill Mines Ltd., in respect of ITH’s high grade Terra Gold Project in Alaska. Pursuant to the letter of intent, Terra Gold Corp. (“Terra”), an Alaskan subsidiary of AMC and Raven Gold Alaska Inc. (“Raven”), a subsidiary of ITH, will form a joint venture... 

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Entree Gold Receives Mongolian Mining Licences

Entree Gold Inc. announces that its application for conversion of the Shivee Tolgoi and Javhlant exploration concessions to mining licences has been approved by the Mineral Resources Authority of Mongolia and the licences have been received. The eastern portion of the Shivee Tolgoi licence and the entire Javhlant licence are subject to a joint venture with Ivanhoe Mines Ltd., through its subsidiary,... 

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Benton options Sibley project to Kennecott

Benton Resources Corp announce that general terms have been agreed to between Benton and Kennecott Canada Exploration Inc. ( “KCEI” or “Kennecott” , a wholly own subsidiary of Rio Tinto) on Benton’s 100% owned South Sibley project. The South Sibley project is located in Dorion and McTavish Townships, approximately halfway between Thunder Bay, ON and Nipigon, ON. Under... 

Millrock and Vale Exploration Canada Inc. Working at Galiuro Copper-Gold Project, Arizona

Millrock Resources Inc. announce the Company has successfully collaborated with its Galiuro project partner, Vale Exploration Canada Inc., an affiliate of Vale Inco Limited, each a wholly-owned subsidiary of Companhia Vale do Rio Doce, to complete a March 2009 geological mapping program. An airborne geophysical survey is set to take place in April 2009. These exploration programs are being carried... 

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Mexoro Minerals Repays $1 Million of Its Paramount Gold and Silver Debt

Mexoro Minerals announce that it has repaid two of its secured convertible debentures to Paramount Gold and Silver Corp. in the amount of $1,000,000. A third debenture has been renegotiated in the amount of $521,047 of which $393,547 is due on March 31, 2009 and the balance is due on April 30, 2009. In making the $1 million payment, Paramount has released its security on the Cieneguita properties allowing... 

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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... 

Altius Signs Exploration and Royalty Agreement on Labrador Iron Ore Properties With Kennecott

Altius reports that it has signed an iron ore exploration and royalty agreement with Kennecott Canada Exploration Inc., a member of the Rio Tinto Group of companies. KCEI may earn a 51% interest in eight exploration licences owned by Altius that are located throughout the western Labrador iron ore mining district by reimbursing Altius for its costs to date and spending C$3,000,000 on or before the... 

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Indonesian lawmakers pass new mining law

Indonesian lawmakers passed a new mining law Tuesday that will give the mineral-rich nation greater control over its resources, though analysts warn it could deter investment by multinational corporations. Indonesia has some of the most abundant reserves of coal, copper, gold, tin and nickel and in the world has lured mining giants like Newmont Mining Corporation, Freeport-McMoran Copper & Gold... 

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Nuinsco and Temex Report Uranium Exploration Results, Diamond Drilling Underway

Nuinsco Resources Limited and partner Temex Resources Corp. announced positive results from the fall surface exploration program conducted on the Marijane Lake and Huston Lake Uranium Properties. Drill testing of select anomalies is now underway. Commented Ian Campbell, President and CEO of Temex: “We are very encouraged by the results of the fall program conducted to follow-up on the numerous...