Royal Roads & Benton award drilling contract to drill new copper sulphide zone on Long Range Joint Venture, Newfoundland

Royal Roads Corp. and Benton Resources Corp. announce awarding a drill contract to commence diamond drilling of the recently discovered copper sulphide zone on the Long Range Joint Venture property in central Newfoundland. The contract has been awarded to Logan Drilling of Stewiacke, Nova Scotia and is expected to commence the week of October 12, 2009. The program is expected to include two drill holes... 

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Blue Note Mining Mobilizes Drill Rig on Williams Brook Gold Property

Blue Note Mining Inc., a Canadian mineral exploration and mining company headquartered in Montreal with operations in Bathurst, New Brunswick reports that it has engaged Logan Drilling of Stewiacke, Nova Scotia, to begin a 10-hole drilling program on Blue Note’s Williams Brook Gold property located near Bathurst, New Brunswick. The aim of this drill campaign is to further define the grade, frequency... 

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Ressources Appalaches acquire Dufferin Resources

With the acquisition of 100% of Dufferin Resources Inc., Ressources Appalaches has become the sole owner of the Dufferin Mine, located in Nova Scotia. The transaction comprised the acquisition of the ramp-access Dufferin Mine, along with its processing plant (mill), mining lease, environmental permits and all infrastructure required for production. Ressources Appalaches proceeded with the verification... 

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Royal Roads revises loan amount due by Acadian Mining subsidiary, ScoZinc Limited

Royal Roads Corp. announced that during the course of its year end audit activities, it determined that the inter-company advances between the Corporation and Acadian Mining Corporation and Acadian’s wholly-owned subsidiary, ScoZinc Limited , at November 28, 2008 was $362,052 more than previously reported (see News Release dated December 1, 2008). The documentation evidencing the loan has been... 

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Ressources Appalaches Inc.: Processing Plant at the Dufferin Mine

Ressources Appalaches has received confirmation from Laboratoire LTM in Val D’Or that the equipment in the ore-processing plant at the Dufferin Mine, Nova Scotia, is in excellent condition. LTM further confirms that the existing plant can be put back into production within a few weeks. Recommendations were also provided for increasing the mill’s throughput from 300 to 600 tonnes per day... 

Denison Mines Corp. Satisfies Bank Production Covenant

Denison Mines Corp. announced that it has satisfied the covenant outlined in its credit facility with the Bank of Nova Scotia relating to uranium production in 2008. Uranium production for the year totaled 1,635,000 pounds U3O8, with production from the McClean Lake joint venture being approximately 3,250,000 pounds (Denison’s share being approximately 731,000 pounds U3O8) and approximately 904,000... 

Orex Closes Flow-Through Private Placement for its Phase 2 Exploration Program at Goldboro

OREX EXPLORATION INC. announce the closing of a private placement of $547,000, consisting of 7,300,000 units. On this amount, MineralFields Group, through First Canadian Securities® (a division of Limited Market Dealer Inc.), has subscribed for 5,600,000 units representing $420,000. Each unit at a price of $0.075 per unit consists of one flow-through share and one warrant giving the right to buy one... 

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Acadian Mining: ScoZinc has obtained order authorizing borrowing of up to $1.0 million

Acadian Mining Corporation announces that it has obtained an order from the Supreme Court of Nova Scotia granting ScoZinc Limited authority to borrow up to $1 million from TCE Capital Corporation. The DIP Order creates a priority charge and security interest in all of the property of ScoZinc as security for repayment of amounts advanced pursuant to the DIP Facility. On December 22, 2008, the Court... 

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Triangle Petroleum Receives Approval in Principle for Nova Scotia Shale Gas Production Lease

Triangle Petroleum Corporation reported that its Canadian operating subsidiary, Elmworth Energy Corporation, has received approval in principle from the Nova Scotia government for a shale gas production lease in the Windsor Block. This production lease will cover a 10-year period and additional approvals are required for specific activities and stages within the lease. Company staff will meet with... 

Merrex Executes Final Documentation with IAMGOLD

Gregory Isenor, P.Geo., President and CEO of Merrex Gold Inc. announces that Merrex and IAMGOLD Corporation have executed the definitive Option Agreement for 50% of Merrex’s Siribaya Gold Project in West Mali, Africa. IAMGOLD has concluded its due diligence review and Merrex and IAMGOLD have executed final documents for the option of Merrex’s Siribaya Gold Project and the concurrent private...