Pacific Bay Options Argentina Uranium Property to UrAmerica

David H. Brett, President and CEO, Pacific Bay Minerals Ltd. reports that the Company has optioned its 100% owned “Cerro Solo” claims in Chubut Province, Argentina (the “Property”), to UrAmerica Ltd., a private company focused on uranium discovery in Latin America. Under the option agreement, UrAmerica can earn a 60% interest in the Property by incurring USD$1,200,000 in exploration... 

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Forsys Prepares for Upgraded Resource / Reserve At Valencia

Forsys Metals Corp, an emerging uranium producer with 100% ownership in the fully permitted Valencia Uranium Project report that the 2009 infill and deposit expansion drill program has been completed at the Company’s wholly-owned Valencia Uranium Deposit located in Namibia, Africa. Results for the 200 percussion drill holes comprising 49,562 m are being compiled. The Company expects that as a... 

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Afri-Can Marine Minerals: Diamond Sampling Vessel Departs Cape Town

Afri-Can Marine Minerals Corporation a Canadian company, actively involved in the acquisition, exploration and development of major mineral properties in Namibia has been informed by International Mining and Dredging Holding Ltd. (IMDH) that the contracted diamond sampling vessel MV DP The Explorer has left Cape Town, South Africa, for the port of Walvis Bay in Namibia. IMDH will then conduct deep... 

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African Queen Completes $1.278 Million Private Placement

AFRICAN QUEEN MINES LTD., an exploratory resource company with diversified mineral properties in Southern Africa announce the closing of the second tranche of its previously announced non-brokered private placement which has raised gross proceeds of CAD $441,810. Together with the first tranche, previously announced, the Company raised aggregate gross proceeds in this private placement of CAD $1,278,060. Under... 

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EnerGulf Comments on Namibian Project

On August 6, 2008, EnerGulf made an announcement regarding results of drilling operations on the Kunene #1 oil and gas well, offshore Namibia, pending further oil and gas electric log analysis and rock and fluid interpretations. Thereafter, Sintezneftegaz Namibia Ltd., the operator of the Block 1711 project per the Petroleum Agreement and related Joint Operating Agreement (JOA), proposed a test program... 

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Delta Uranium Signs Option to Acquire 60% Interest in the Deer Lake Basin Uranium Project, Western Newfoundland

Delta Uranium Inc. announce that it has entered into an option agreement with Spruce Ridge Resources Ltd. pursuant to which Delta has been granted the option to acquire a undivided 60% ownership interest in the Deer Lake Basin Uranium Project. Upon completion of the option, Delta will enter into a joint venture agreement with Spruce Ridge for the remaining 40% interest. Deer Lake Basin Uranium Project The... 

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African Queen Mines Abandons Braganza Gold Project in Mozambique to Focus on Priority Targets

African Queen Mines Ltd. announces that it has provided formal notice of abandonment to Bobcat Mining Limitada with respect to the Braganza Gold Project in Mozambique. The Company has the right to earn up to a 75% interest in the Project pursuant to the Letter Agreement dated August 17, 2007, between Pan African Mining Corp., predecessor to the Company, and Bobcat, as amended on October 4, 2007 and... 

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Proposed acquisition of TEAL Minorities and the formation of a joint venture with Vale

TEAL Exploration & Mining Incorporated has entered into a definitive agreement with African Rainbow Minerals Limited and Companhia Vale do Rio Doce relating to the proposed acquisition of all of the outstanding common shares of TEAL not already owned by ARM, pursuant to a court approved plan of arrangement at a price of C$3.00 per common share. The cash purchase price will be funded by way of... 

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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... 

Temex and Nuinsco report uranium exploration results diamond drilling underway

Temex Resources Corp. and partner Nuinsco Resources Limited announce results from the fall surface exploration program conducted on the Marijane Lake and Huston Lake Uranium Properties (the “Claims”) and that drill testing of select anomalies is underway. Commented Ian Campbell, President and CEO, “We are very encouraged by the results of the fall program conducted to follow-up on...