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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Lincoln Mining Advances Drilling at Pine Grove

Lincoln Mining Corporation, report that all three of the Company’s projects are advancing as planned. Pine Grove, Nevada The 50 hole reverse circulation drill program that was announced on October 21, 2009 is well underway. Diversified Drilling LLC, our drilling contractor, has now completed 28 holes of the program. Drilling has been advancing without delays despite abnormally cold temperatures... 

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Geo Minerals Acquires Two Additional Copper Porphyry Prospects in Arizona

GEO MINERALS LTD. announce that it has executed a lease-option agreement with Bronco Creek Exploration Inc. (“BCE”) to earn a 100% interest on the Copper Springs and Silver Bell West porphyry copper projects, both located in south-central Arizona. The Copper Springs property, located approximately 90 miles east of Phoenix, consists of 216 mining claims and 640 acres of fee land for a total... 

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Drilling Commences at New Dimension’s Reese River Silver Project, Nevada

New Dimension Resources Ltd. and its wholly-owned subsidiary Dimension Resources (USA) Inc. (the “Company” or “New Dimension”) are pleased to announce that a 2,000 metre Phase I reverse circulation (“RC”) drill program has commenced at New Dimension’s Reese River Project (the “Property” or “Reese River”) in Nevada. The Phase I drill... 

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Rocmec to Commence Thermal Fragmentation Mining at Fresnillo’s Cienega Mine in Mexico

Rocmec Mining Inc. provide an update on its thermal fragmentation mining contract with Fresnillo plc for the Cienega mine. The Cienega mine is located in the northwest corner of the State of Durango, approximately 325 kilometres from Durango, the capital of the State. The thermal fragmentation unit has arrived on site and Rocmec’s employees are prepared to commence fragmenting the first set of... 

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Gold Coast Mining and Western Sierra Expand Mining Agreement

Gold Coast Mining Corp. announced that the Company and Western Sierra Mining Corp. have agreed to expand their current joint venture. Western has agreed to contribute its SunGold Mine project to the joint venture. SunGold consists of 75,000 ounces of indicated gold resources worth an estimated $60 million dollars. The SunGold mine is located about 24 miles southwest of Prescott, Arizona and consists... 

USA Uranium Joint Ventures Gold Property with Mariposa Resources

USA Uranium announce that it is has negotiated the acquisition of an option on a 100% interest in the Jack Creek property. Concurrently, USA Uranium has entered into a joint venture with Mariposa Resources Ltd. whereby Mariposa will acquire a 60% interest in the property upon payment of 6,000,000 shares and completion of a $400,000 Phase One work program. The property vendor has retained a 3% Net Smelter... 

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Murphy Oil Announces Samurai Discovery in the Gulf of Mexico

Murphy Oil Corporation announced an oil discovery at the Samurai prospect located in Green Canyon Block 432 in the Gulf of Mexico. The well was drilled in approximately 3,400 feet of water to a total depth of near 31,700 feet. The well encountered in excess of 120 feet of net pay in high quality Miocene Sands. Murphy holds a 33.33% working interest in the discovery. Other equal partners include the... 

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Hinterland Options 1661ha Ballarat Property in White River Gold Play, Yukon

Hinterland Metals Inc. announce that it has signed an option agreement to acquire a 100% interest in the 12 claim Ballarat property located approximately 15km to the south of the Golden Saddle zone where Underworld Resources Inc. recently reported notable gold values in drill intersections. Under the terms of the option, Hinterland has agreed to pay the Vendor $40,000 cash, issue 400,000 shares and... 

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Nord Resources Issues Progress Report on Johnson Camp Mine

Nord Resources Corporation, which is ramping up copper mining and processing operations at its Johnson Camp Mine in Arizona, today issued a progress report on its success at increasing production to the targeted production rate of 25 million pounds of copper per year. Nord Resources focused during 2008 on executing its plan to reactivate the Johnson Camp Mine, while it continued to extract copper by... 

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