American Mining Corporation Signs LOI to Form Production Joint Venture on Terra Gold Project, Alaska
American Mining Corporation announce that it has signed a binding letter of intent to enter into a joint venture with International Tower Hill Mines Ltd., in respect of ITH’s high grade Terra Gold Project in Alaska. Pursuant to the letter of intent, Terra Gold Corp. (“Terra”), an Alaskan subsidiary of AMC and Raven Gold Alaska Inc. (“Raven”), a subsidiary of ITH, will form a joint venture...
Kootenay Stepout Drilling Begins at Promontorio
Kootenay Gold Inc. announce drilling is underway at Promontorio. The program is designed to drill untested targets; expand on mineralization discovered at the Pit Discovery; and step-out across the 2km Dorotea Trend. The 5000 meter program expected to be completed by year end, will focus on targets identified by systematic exploration (3D IP Geophysical Survey; Mapping; Sampling; EM Airborne Study;...
Universal Holdings Closes Acquisition and Enters Domestic North American Oil and Gas Market
Universal Holdings announced that on September 21, 2009, the company purchased 100% of the outstanding membership units of Coronado Acquisitions, LLC. In connection with this acquisition, Universal has satisfied a promissory note issued by Coronado Acquisitions, LLC in the principal amount of $3,250,000 by issuing 2,100,000 restricted shares of its common stock to the Noteholders. Coronado is a development...
Forbes Energy Services Announces Closing of Private Placement of $20 Million of First Priority Notes
Forbes Energy Services Ltd. announced that on October 2, 2009 the Company and its domestic subsidiaries completed the sale by the Company’s subsidiaries, Forbes Energy Services LLC and Forbes Energy Capital Inc., of $20 million aggregate principal amount of first lien floating rate notes to Goldman, Sachs & Co. in a private placement in reliance on an exemption from registration under the...
Drilling Commences at Ucore’s Bokan-Dotson Ridge Rare Earth Project
Ucore Uranium Inc. announce that drilling has commenced at its 100% owned Bokan – Dotson Ridge rare earth element (REE) project located in southeast Alaska. Ucore acquired the property in 2007, and has completed 2,938 meters of drilling over 46 drill holes in 2007 and 2008, primarily investigating the potential for uranium mineralization at the I&L zone. Those drill holes returned anomalously...
Trueclaim Completes Assignment of Option to Acquire Up to a 100% Interest in the Scadding Gold Property
Trueclaim Exploration Inc. announce that it has completed the assignment (the “Assignment”) of an option and joint venture agreement between MPE International Inc. (“MPE”) and Currie Rose Resources Inc., pursuant to which the Company can acquire up to a 100% interest in certain provincial mining leases and mineral claims located in the district of Sudbury in the Province of...
Diamond Offshore Drilling, Inc. Declares Special Cash Dividend of $1.875 Per Share
Diamond Offshore Drilling, Inc. announced that the Company has declared a special cash dividend of $1.875 per share of common stock and a regular quarterly cash dividend of $0.125 per share of common stock. Both dividends are payable on September 1, 2009 to shareholders of record on August 3, 2009. The Company has adopted a policy of considering paying special cash dividends, in amounts to be determined,...
USCorp Chooses Harris Drilling Company Picacho Salton Gold Property Phase 1, 2 and 3 Drilling Project
USCorp announced that it has chosen Harris Drilling Company to conduct Phases 1, 2 and 3 of the planned 15,000 foot drilling program at its Picacho Salton project in Imperial County, California, U.S.A. Harris was founded in 1956 and provides drilling and related services to the mineral exploration industry in the Western U.S. and internationally. Harris has worked for many of the top mining and exploration...
Uranium One Announces Agreement to Acquire 50% Interest in Karatau Uranium Mine
Uranium One Inc. announced the signing of a definitive purchase agreement to acquire a 50% interest in the Karatau Uranium Mine in Kazakhstan from JSC Atomredmetzoloto (“ARMZ”), the Russian state-owned uranium mining company. The purchase price will be paid by way of the issuance of 117 million common shares of Uranium One and a cash payment of US$ 90 million (or equivalent promissory note)....
Terrawest Energy Corp. Announces Natural Gas Discovery
Petromin Resources Ltd., a progressive international Petroleum and Natural Gas Exploration and Production Company announce that Terrawest Energy Corp. (TWE) has tapped into what may be a massive new unconventional natural gas resource in China. The company discovered significant gas-bearing shale and multiple coal seams in its LHG 08-03 well drilled in November 2008. TWE holds a 47% interest in a production...
Latest Mining News
Philex Gold Receives Interim Order for Transaction With Philex Mining Corporation
Philex Gold Inc. announced that it has obtained an interim order from the Ontario Superior...
American Mining Corporation Signs LOI to Form Production Joint Venture on Terra Gold Project, Alaska
American Mining Corporation announce that it has signed a binding letter of intent to enter...
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