Sphere Resources Inc Enters Option Agreement Over Mining Claims in Scadding, Sudbury, Ontario

The company has recently adopted a new strategy of identifying and appropriating exploration targets in major global mining camps including Sudbury and Red Lake with a particular emphasis on precious metals. The Company has completed a review of several gold exploration properties in the United States of America and Canada. The company has decided to enter into an initial Option Agreement with respect... 

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Newstrike and Queenston Begin Drilling on the Commodore JV

Newstrike Resources Ltd. and Queenston Mining Inc. announce that a diamond drill program has commenced on the Commodore joint venture property located in Lebel and Gauthier townships in Kirkland Lake, Ontario. The property is favourably located in the Kirkland Lake gold camp totaling 57 mineral claims comprising 25 patented and 32 unpatented claims. Further details regarding the claims are provided... 

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Newstrike and Queenston Jointly Option Commodore Gold Property, Kirkland Lake Area, Ontario

Newstrike Resources Ltd. and Queenston Mining Inc. announce that they have entered into an option agreement with a third party to each purchase an undivided 50% interest in 36 mineral claims (12 patented claims and 24 unpatented claims) (600 ha) located in the historic Kirkland Lake gold camp. The claims form the Commodore property that covers a favourable gold horizon hosting a shallow historic mineral... 

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Wallbridge Mining Company to Continue Exploration at Pele Mountain’s Sudbury Nickel Project

Pele Mountain Resources Inc. announced that Wallbridge Mining Company Ltd. has fulfilled its option commitment at Pele’s Sudbury Nickel Project through 2008 by spending an additional $300,000 on qualifying exploration expenditures in 2008 and by recently issuing an additional 400,000 of its common shares to Pele. Wallbridge is expected to complete its earn-in of a 60-percent interest in the project... 

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FNX and Gold Wheaton Renegotiate Terms of $50 Million Deferred Payment

FNX Mining Company Inc. and Gold Wheaton Gold Corp. announced that they have restructured the terms of the deferred $50 million payment from Gold Wheaton to FNX previously due on January 15, 2009, which was to have been satisfied through the issuance of Gold Wheaton share purchase warrants. Under terms of the revised transaction, Gold Wheaton will satisfy the deferred $50 million payment through the... 

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Metallum Resources Inc. Not to Exercise Option on Its McMillan Property

Metallum Resources Inc. has decided not to exercise its option agreement with Garson Gold Corp. for its McMillan Property near Espanola, Ontario. The McMillan Property claims comprise 34 unpatented mining claim units in Mongowin and McKinnon townships, located approximately 14 kilometres south of the town of Espanola, Ontario on the north shore of House Lake. The Company’s option agreement with... 

Vault Minerals acquires the Gauthier Property in the Kirkland Lake Gold Camp

VAULT MINERALS INC announces the recent acquisition of the Gauthier Property in the Kirkland Lake gold camp, Ontario. The property, comprising eighty-eight staked mining claims totaling approximately 1,400 ha, is situated about three km north of the past-producing Upper Canada gold mine (1.4M oz) in northern Gauthier Township. The claim group covers 5.3 km of strike extent of the west-northwest trending... 

Wallbridge Mining Initiates Drilling on Parkin Offset Dyke

Wallbridge Mining Company Limited announced that its $5 million joint venture with Impala Platinum Holdings Limited has received the necessary South African Reserve Bank approvals and drilling has been initiated on the Parkin Offset Dyke Properties in Sudbury, Ontario. Drilling has been started with two drills, and a total of over 8,000 metres of diamond drilling is planned between now and March 2009.... 

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Duluth Metals Appoints Dean M. Peterson, Ph.D. as Senior Vice President, Exploration

Duluth Metals Limited announce that Dean M. Peterson, Ph.D. is joining Duluth Metals as Senior Vice President of Exploration effective October 1, 2008. Dr. Peterson has over 20 years of experience in mineral exploration, geological consulting, and developing economic geology programs. Dr. Peterson is one of the pre- eminent authorities on Duluth Complex mineralization and brings extensive technical... 

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Wallbridge Mining Discovers Porphyry Gold-Copper Mineralization on BC Property

Wallbridge Mining Company Limited has discovered mineralization within three target areas on their Rogers Creek copper-gold-molybdenum property, in south-western British Columbia approximately 40 kilometres south of Pemberton. The first two targets are defined within a 6 by 2 kilometre area of alteration and gold-copper mineralization with samples in quartz-sulphide veins returning up to 23.1 grams...