Northland Appoints Banks for Project Financing

Northland Resources S.A. announce that the Company has appointed and retained leading global mining finance and investment banks – Societe Generale, UniCredit Bank AG and WestLB AG as exclusive Mandated Lead Arrangers in the proposed project financing of the Kaunisvaara Iron Concentrate Project. The Facility will be subject to each Mandated Lead Arranger securing its internal credit approvals,... 

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Uruguay Mineral Exploration Inc.: Reschedule of Definitive Agreement with Fortune Valley

Uruguay Mineral Exploration Inc., a South American gold production and exploration company, announced today that the signature with Fortune Valley Resources Inc. (“Fortune Valley”) of the definitive agreement to combine their respective businesses has been rescheduled for November 6, 2009, extending the deadline from October 30. Due diligence is still being undertaken by both parties and... 

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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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Forsys Prepares for Upgraded Resource / Reserve At Valencia

Forsys Metals Corp, an emerging uranium producer with 100% ownership in the fully permitted Valencia Uranium Project report that the 2009 infill and deposit expansion drill program has been completed at the Company’s wholly-owned Valencia Uranium Deposit located in Namibia, Africa. Results for the 200 percussion drill holes comprising 49,562 m are being compiled. The Company expects that as a... 

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U.S. Canadian Minerals, Inc. Secures Permits For Processing Plant

U.S. Canadian Minerals, Inc. announces that the Company’s wholly owned subsidiary, Noble Technologies Corp (“Noble”), has secured both a Building Permit and a temporary Business License from Storey County, Nevada (the “Permits”). The Permits allow Noble to commence the assembly of the equipment that is essential to the efficient execution of Noble’s business plan, specifically the processing,... 

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Yellowjacket Mine Achieves Full Commercial Production, New Gold Zone Discovered

Yellowjacket Joint Venture (“Eagle Plains Resources Ltd. (EPL:TSX-V) and Prize Mining Corp. (PRZ:TSX-V)”) jointly announce completion of final commissioning and permit compliance requirements to allow for commencement of full production at their Yellowjacket Gold Mine, located in northwestern British Columbia. On July 10, 2009, the Yellowjacket Gold Mine received its BC Mines Act Permit for the... 

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Dana Resources Technical Update on Collota 1.17 Million Ounce Gold Deposit

Dana Resources a US-based precious metals exploration and development company, is pleased to announce the initiation of the production program at its Collota gold deposit. Dana Resources currently owns and operates seven mining projects located in Peru’s most prolific mining regions. The Collota Gold Deposit is located in Northern Peru in the region of Ancash on the eastern side of the Cordillera... 

Minera Andes initiates exploration on 100%-owned targets in Argentina

Minera Andes Inc. announce exploration plans for two principal areas in Argentina. 1) Santa Cruz province where the Corporation’s San Jose mine is located and 2) San Juan province, site of the Corporation’s recent Los Azules copper discovery. The target in Santa Cruz province is high-grade epithermal gold-silver mineralization. In San Juan province porphyry-style copper mineralization is... 

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Sterlite Industries (India) Limited Revised Offer to Purchase Operating Assets of ASARCO LLC

Sterlite Industries (India) Limited, a subsidiary of Vedanta Resources plc, the London-based FTSE 100 metal and mining group, announced today that it is increasing its offer, for the purchase of substantially all of the operating assets of ASARCO LLC, by approximately US$ 500 million, and has proposed to support a plan of reorganisation that is intended to pay creditors in full their allowed amount... 

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ECU Silver Achieving Excellent Progress on Mineral Resource Recoveries

ECU Silver Mining Inc. provides an update on recoveries attained on its mineral resource. ECU Silver’s mineral resource is primarily contained in sulphide mineralization plus additional oxide mineralization. The Company has been testing various methods to improve metallurgical recoveries within both these environments and has attained excellent results. Metallurgical recoveries are very important... 

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