HudBay to Re-Start Chisel North Mine and Snow Lake Concentrator

HudBay Minerals Inc. announced that it will re-start operations at its Chisel North mine and concentrator in Snow Lake, Manitoba effective immediately, with full production expected in the second quarter of 2010. The re-start of operations at Snow Lake is expected to provide approximately 30,000 tonnes of zinc concentrate feed to the company’s Flin Flon zinc plant annually. The capital costs... 

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Silvercorp Metals Inc. Formally Commences Offer to Acquire All of the Outstanding Shares of Klondex Mines Ltd.

Silvercorp Metals Inc. announced that it has formally commenced its offer to acquire all of the outstanding common shares of Klondex Mines Ltd. (“Klondex”). Silvercorp will today deliver to Klondex’s principal office and file with the Canadian securities regulators and with the SEC its formal offer and take-over bid circular (together, the “Circular”). The circular will... 

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Western Troy Acquires Gold Claims in Quebec, Delays MacLeod Lake Feasibility Study

Western Troy Capital Resources Inc. announced it has staked 92 claims in the Ashuanipi Lake district approximately 50 kilometers northwest of Schefferville, Quebec. The claims cover the south limb of a folded iron formation with numerous gold values ranging up to 24 g/t over a strike length of 5.5 kilometers. Anomalous values were also detected in silver (30g/t), copper (1.28%), and tungsten (0.17%).... 

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Constellation Copper files an assignment in bankruptcy under the Bankruptcy and Insolvency Act

Constellation Copper Corporation announced that it has filed an assignment in bankruptcy under the Bankruptcy and Insolvency Act (Canada). The Lisbon Valley mine was originally financed with a $30.0 million collateralized loan package from Investec Bank (UK) Limited and a $3.0 million subordinated loan from Sempra Metals & Concentrates Corp.. The Investec financing facility was amended in February... 

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Pacific North West Capital Corp. announces option to acquire the Nixon Fork gold mine in central Alaska

Pacific North West Capital Corp. announce the signing of a letter agreement pursuant to which it has acquired an option, exercisable until February 15, 2009, to purchase a 100% interest in Mystery Creek Resources, Inc. (MCR), a wholly owned Alaskan subsidiary of St Andrews Goldfields Ltd.. MCR’s assets include the Nixon Fork gold mine, located 56 kilometres northeast of McGrath, Alaska. PFN has... 

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Mercator Minerals Commences Producing Copper-Moly Concentrates at Its Mineral Park Mine

Mercator Minerals Ltd. announce that its new 25,000 ton per day mill has started producing copper and molybdenum concentrates at its Mineral Park Mine in Arizona, less than two years from completion of its December 29, 2006 Technical Report. “In less than two years from completion of pre feasibility, Mercator has financed, engineered, procured equipment, and constructed one of the largest and... 

Golden Phoenix Announces Stand Down of Active Mining at the Ashdown Project

Golden Phoenix Minerals, Inc. announced that in response to the sharp reduction in demand and price for molybdenum worldwide, the Ashdown molybdenum mine in Humboldt County, Nevada has been placed on care and maintenance with a significant reduction in force until further notice. The Ashdown mine produces molybdenum concentrate which is roasted to the oxide form used primarily as a hardener and anti-corrosive... 

Farallon Updates G-9 Production Status While Managing Project Expenditures

Dick Whittington, President and CEO of Farallon Resources Ltd. provide an update of activities at the Company’s G-9 polymetallic (zinc, copper, lead, silver, gold) operation on the Campo Morado property in Guerrero State, Mexico, as well as a general corporate update. As announced in August 2008 mining at G-9 has proceeded based on a 17-month plan, with an initial production rate of 20,000 tonnes... 

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Galway options Colombian Coal project; drilling on project to commence shortly

Galway Resources Ltd. announce that it has entered into an option agreement with Rio Tinto Mining and Exploration Corporation (Rio Tinto) to acquire 100% interest in nine coal concessions totaling 7,500 hectares, roughly 50% of the previously drilled San Louis Coal basin located in Santander, Colombia. The project will be known as Carboluis. “We are pleased to announce the first project resulting... 

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Lions Gate Metals Inc.: Poplar Property Land Staking Completed

Lions Gate Metals Inc. announce that the Company has completed their staking of the Poplar Project land claim with a total of 49,683 hectares surrounding both the Poplar and China Creek projects. These claims were staked to cover the entire potential porphyry copper body in the region. Work has commenced on the Poplar/China Creek project to prepare the property for the permit application process in...