Midland Exploration Inc. announce that it has completed a flow-through private placement for aggregate gross proceeds of $415,000, at a price of $0.50 per share, with accredited investors, directors and officers. This placement will be used for exploration of new generated gold properties located in Quebec, which will be done in 2009. Midland targets the excellent mineral potential and the favourable...
Pacific North West Capital Corp. and SOQUEM INC. are pleased to announce the completion of drilling at the Cheneville property, located approximately 120 kilometers northwest of Montreal, QC. The property was staked as part of the Taureau reconnaissance program, which is a 50:50 joint venture between PFN and SOQUEM designed to evaluate the Nickel-Copper-Platinum Group Metal potential of mafic intrusions...
Clifton Star Resources, Inc. announce that an amendment to the payment schedule on the Beattie/Donchester/Dumico properties in Duparquet township, Quebec has been reached with the vendors with a payment of $500,000 on December 1, 2008 and the balance of $8,500,000 postponed to July 1, 2009. Also, they have agreed to accept the final payment in cash or shares or a combination from a third party. They...
DIAGNOS inc., a leader in the use of artificial intelligence (“AI”) and advanced knowledge extraction techniques, announced today the signing of an agreement with Diamond Frank Inc, a Canadian mining exploration company, optioning 100% interest in its K6 project situated in the Otish Mountains. Diamond Frank will pay exploration fees to DIAGNOS, a cash amount of $105,000 CDN for services...
Abitex Resources Inc. announce that it has now completed the acquisition of Central Uranium Corporation as per the terms of a share exchange agreement dated September 12, 2008, the whole subject to final regulatory approval. A total of 13,366,774 Abitex Shares were issued to Central shareholders in consideration for their Central Shares. In addition, 5,585,500 Central purchase warrants were exchanged...
Abitex Resources Inc. announce that it has entered into an option agreement to acquire a 100% interest in a uranium exploration property located in the Otish Mountains area of Quebec (the “Option”). The Epsilon property consists of 102 claim cells covering approximately 5,352 hectares and is located approximately 10 kilometres west of the “L” property that ABITEX recently optioned...
Pacific North West Capital Corp. announce that it has received the report from SOQUEM on the channel sampling program for the new Thunder occurrence in the Cheneville claim group in Quebec. This occurrence is the result of ground truthing conductors defined by the airborne EM (AEM) and magnetic survey flown in 2007. The sulphide mineralization is hosted by a mafic intrusion and is 18 kilometres west...
Pacific North West Capital Corp. and First Nickel Inc. report the commencement of surface mapping and sampling programs, designed to verify the several geophysical electromagnetic anomalies identified by an earlier Aeroquest AEM survey. All work is being undertaken on mining claims currently held by either First Nickel or PFN that constitute the Raglan Hills Joint Venture Project. The Raglan Hills...
Golden Tag Resources Ltd. announce that it has completed its earn-in on a 40% interest in the Aquilon Main Gold Property in James Bay, Quebec. The Company recently issued assay results from its 2008 winter program on the Lingo Gold Occurrence on the Property (see press release, June 26, 2008) which included a gold intersect of 376.4 ounces gold per ton. Golden Tag has advised its joint-venture partners,...
Abitex Resources Inc. announces that it has completed the first closings of the private placement for a total of $6,346,500. The Company is also pleased to update its previously announced proposed acquisition of Central Uranium Corporation (“Central”). The Company has proposed to acquire all the issued and outstanding common shares of Central in exchange for common shares of the Company,...