Augusta Resource Corporation announced that it has signed a letter of intent with Silver Wheaton Corp. dated October 31, 2008 regarding a new silver purchase agreement. The new letter supercedes the December 19, 2007 letter of intent between Silver Wheaton and Augusta. An update of Augusta’s August 2007 bankable feasibility study, reflecting an increased mineral resource, is expected to be completed...
JNR Resources Inc. provide the following update on its uranium exploration activities in central and western Newfoundland. The Company is actively exploring two projects: Topsails and Rocky Brook. The 278,000-hectare Topsails project is a 50/50 alliance between the Company and Altius Resources Inc. (jointly the ‘Companies’), which was established to explore for volcanic-hosted uranium deposits...
Coeur d’Alene Mines Corporation announced the appointment of Humberto Rada as the new President of Coeur’s Bolivian subsidiary, Empresa Minera Manquiri, S.A., and of Coeur South America. Mr. Rada will lead all the Company’s activities in South America, including its existing activities in Bolivia, Chile and Argentina. Coeur recently began operations at its new San Bartolomé silver mine, located...
Peru Copper Inc. is pleased to announce that it has received highly favorable results from its recent column leach testing at the Toromocho copper deposit. The preliminary column leach test results detailed below suggest that the geology of the Toromocho orebody is particularly suited to an initial heap leach operation followed several years later by flotation concentration, which the Company expects...
Vattenfall AB, Alcan Inc., Duke Energy Corporation and the International Emissions Trading Association (IETA) will work with other leading industries and financial institutions to accelerate the evolution of carbon trading as one of the key components to addressing climate change. This cooperation was announced today at a press conference at the World Economic Forum’s annual meeting, where the...
Peter Hambro Mining plc issues this statement as an unaudited update on 2006 trading and in advance of its full year results announcement. Trading Up-date Highlights for 2006 Ӣ Total attributable gold production increased by 5% to c.261,000 ounces Ӣ Pokrovskiy Rudnik gold production increased by c.11% Ӣ Gold recovery rates remained stable, even when treating primary ores, thanks...
Columbus Gold Corporation is pleased to announce the results of a reverse circulation drilling program at its Dutch Flat Property in Nevada, where Piedmont Mining Company, Inc., is earning an initial 51% interest by funding US$2 million in exploration expenditures. Seventeen shallow angle holes, totaling approximately 685 metres (m) (2,550 feet), were drilled in an east-west fence extending approximately...
Bonaventure Enterprises Inc. is pleased to announce that drilling will begin at the Squaw Creek Property and at the New Pass Property within the next two weeks Due to the increased demands on the drilling industry in Nevada, drill rig availability has caused our drilling program to be slightly behind schedule. - Squaw Creek Property – North Carlin Trend - Drilling is scheduled to begin the first...
Goldcorp Inc. and Glamis Gold Ltd. announced today that they have agreed to combine in a US$21.3 billion transaction to create one of the world’s largest gold mining companies. The new company will continue under the name Goldcorp Inc. Under the terms of the transaction, which is structured as a Plan of Arrangement, Glamis’ common shareholders will exchange each Glamis share for 1.69 common...
Minco Mining & Metals Corporation has decided not to proceed with the proposed distribution of up to 6.5 million Minco Silver Corporation (“Minco Silver”) common shares held by the Company (the “Proposed Distribution”). The Proposed Distribution has proven to be a complex and costly process, particularly to the Company’s US shareholder base, and would have subjected...