Nuinsco Acquires Gold Project in Lake of the Woods Region

Nuinsco Resources Limited announced it has optioned a claim package, collectively referred to as the Olympian Project, that hosts numerous previously identified gold occurrences. The project area lies 5 km northeast along strike from the Kenora region’s most significant past producer, the Wendigo Mine. “Adding the Olympian Project to our portfolio allows Nuinsco to draw upon its considerable... 

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Gentor Resources Inc. closes acquisition of APM Mining Limited

GENTOR RESOURCES, INC. announce the acquisition of APM Mining Limited pursuant to the closing under the Share Exchange Agreement dated February 23, 2010 between the Company, APM Mining and Arabian Peninsula Projects Ltd. As a result of the acquisition, the Company, through its wholly owned subsidiary, APM Mining, holds the earn-in rights to the Block 5 and Block 6 copper exploration projects located... 

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Quaterra and Goldcorp Sign Investment Framework Agreement

Quaterra Resources Inc. announced that Goldcorp Inc., has entered into a binding Investment Framework Agreement (IFA) with the Company. The IFA formalizes the terms of a previously announced Letter of Intent that provides Goldcorp with an option to acquire an interest in certain mining properties held by or acquired by Quaterra in central Mexico in return for funding a two-year generative exploration... 

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Copper Fox acquires 100% interest in Schaft Creek Project

Copper Fox Metals Inc. announce that Teck Resources Limited (“Teck”) has transferred its ownership in the Schaft Creek Project to Copper Fox pursuant to an agreement between the parties dated January 1, 2002 (the “Agreement”). The Schaft Creek Project comprises the Liard, Paramount and West Breccia mineral deposits (the “Schaft Creek deposit”) contained within the... 

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Rockcliff Commences Drill Program at Snow Lake Project

Rockcliff Resources Inc. announce that drilling has commenced on its Snow Lake Project located in central Manitoba. A minimum of 5,000 metres (m) of drilling are planned in approximately 30 holes. Drilling is planned on the Rail, Reed, Freebeth, Tramping and Squall properties. The targets include extensions of a known copper-gold rich horizon (Rail), additional testing of DPEM & BHPEM anomalies... 

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USCorp Junior Gold and Silver Exploration Company Update on Picacho Drilling

USCorp updates its shareholders and the public regarding development of its Picacho Salton properties in Imperial County, California. Key management and members of the exploration team recently participated in a productive teleconference with representatives of the Imperial County office of the Bureau of Land Management (BLM) responsible for granting approval to drill and to mine USCorp’s Picacho... 

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Diamonds North Discovers Another Gold Source on Amaruk

Diamonds North Resources Ltd. announces the discovery of a gold bearing iron formation on its 100% owned Amaruk property located in Nunavut. Initial regional prospecting returned grab samples with over 0.5 gram per tonne (g/T) gold including a sample yielding 1.2 g/T gold. The sub-vertical sulfide rich iron formation was traced over more than 6.5 kilometres and measures 1 to 5 metres, wide and in areas... 

Closing Financing of $9 Million and Listing of Candente Gold Corp.

Candente Resource Corp. and Candente Gold Corp. has announce the closing on December 30th of three tranches totalling $9,028,130 in the previously announced private placement offering of common shares of Candente Gold (the “Financing”). Exploration will commence in January on the El Oro property in Mexico. A program of underground drifting and drilling will target extensions to high-grade... 

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Stans Energy Corp. Acquires Former Producing Kutessay II Rare Earth Mine

Stans Energy Corp. acquired 100% of the Kutessay II deposit along with 100% of the Kalesay Beryllium deposit from the Government of Kyrgyzstan for $855,000 US by acquiring 100% of “Kutisay Mining” on the Central Asian Stock Exchange. Stans Energy Corp. has commenced a feasibility study on restarting production at Kutessay II. A NI 43-101 report will be done in conjunction with the feasibility... 

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Southern Silver Closes Second Tranche of $1.816 Million Private Placement

Southern Silver Exploration Corp. has now closed the second tranche of the previously announced private placement (NR-06-09, Nov. 24, 09) consisting of 3,590,000 million units for proceeds of C$359,000. The company announced on December 10, 2009 (NR-07-09) that it had closed the first tranche of the private placement respecting 14,570,000 units aggregating C$1,457,000. The private placement was oversubscribed... 

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