Entourage Mining Settles CMKM Lawsuit; Acquires Brazilian Gold Project

Entourage Mining Ltd. announces that the Company has settled its outstanding legal disputes with CMKM Diamonds Inc. and 101047025 Saskatchewan Ltd.. As a result of the settlement, CMKM will return 4,500,000 (pre-consolidation 45,000,000) common shares of the Company which will be returned to treasury for cancellation. These shares were issued in connection with certain property purchase agreements... 

Tag: brazil gold reserves, diamond mines law suit, gold project in brazil, cmkm diamond mine issued shares, paracatu

High Probability of Potash-Bearing Beds Underlying the Eyehill Creek Property

Canasia Industries Corporation has engaged Boyd PetroSearch of Calgary, Alberta for the analysis of the pre-existing seismic data on lands presently within the Eyehill Creek Property. Boyd PetroSearch is a national leader in seismic analysis, specializing in mapping potash zones for risk analysis and mine planning. The interpretation of the data is expected to be completed in the Second Quarter of... 

Tag: ethiopias potash and its future, jocelyn klarenbach, canasia eyehill creek, bearing beds, sask potash royalty structure

Claude Resources Announces Agreement To Sell Certain Oil and Natural Gas Assets

Claude Resources Inc. announces that it has entered into a Purchase and Sale Agreement with a private Canadian corporation, pursuant to which the Purchaser has agreed to purchase a majority of the oil and natural gas assets owned by Claude. If all of the assets subject to the Purchase and Sale Agreement are ultimately sold to the Purchaser, the purchase price will be $19.4 million. Closing of the transaction... 

Thousands disregard market turmoil, register to bid at Ritchie Bros.’ Edmonton auction

More than 5,700 people from 19 countries registered to bid on-site and online at the most recent Ritchie Bros. Auctioneers auction in Edmonton, Alberta (on October 29 – 31, 2008). Ritchie Bros., the world’s largest industrial auctioneer, sold almost 4,200 used and unused equipment items over three days, generating gross auction proceeds in excess of CA$49 million (US$41 million). The auction... 

Tag: construction materials auction in edmonton, mining equipment edmonton alberta area

Madsen Dewatering Passes Important Milestones

Claude Resources Inc. announced that the dewatering of the shaft at the Madsen mine at Red Lake, Ontario passed the 11th Level on July 14, 2008. The dewatering process remains on track to enable Claude Resources to commence underground drilling from the 12th Level, as previously announced, in the 4th Quarter 2008. Concurrently, the certification received on July 2, 2008 for the underground hoisting... 

Claude Resources Inc. Puts Oil & Natural Gas Assets on the Market

The sale of Claude Resources’ oil and natural gas assets is being brokered through Ted Renner of Kiora Resources (producingproperty(at)mac.com or 403-990-9138). A detailed property list can be obtained from Mr. Renner. Following advertisement of the properties and extensive industry contact with potential purchasers, negotiations will be conducted with the most interested parties with the intent... 

CanAlaska Primed for a Big Uranium Discovery in Athabasca

With the spot price of uranium rising at exponential rates, uranium miners are flying high following decades of depressed prices and little new mine development or exploration activity. Shares of Denison and Energy Metals Corp. umped 5% last week following rumours that they were on the acquisition radars of Cameco and France’s Areva, two of the world’s largest uranium miners. When it comes... 

Tag: thoriummine

SXR Uranium Agrees to Buy UrAsia for $3.1 Billion

SXR Uranium One Inc. agreed to buy UrAsia Energy Ltd. for $3.1 billion, to form the world’s second- largest uranium producer as rising demand for nuclear fuel drives prices to records. SXR, owner of South Africa’s largest undeveloped uranium deposit, offered C$7.05 ($6.01) a share in stock for Vancouver- based UrAsia, which owns uranium mines in Central Asia. That’s 13 percent more... 

Uranium to Gain on Plants, Merrill Says

Uranium prices may gain as Japan, South Korea, India and the United Kingdom build more nuclear reactors to meet rising energy demand, Merrill Lynch & Co. said. Uranium for immediate delivery may average $43 a pound this year, Vicky Binns and Daniel Hynes said in a July 12 report. This is 8 percent higher than Merrill’s previous estimate of $40 and compares with last year’s average... 

Northern B.C. mining town of 4,000 evacuated as forest fire approaches

Residents of the northern B.C. mining town of Tumbler Ridge had to flee their homes Monday night because of an approaching forest fire. All 4,000 people in the area were told to leave under an evacuation order as the Hourglass fire came within 11 kilometres of the town, said Baljinder Jacques of the Provincial Emergency Program. The fire continued to spread early Tuesday. “They are asked to leave... 

Tag: mike caisley, creston point energy trust