Alix Acquires Claims in B.C. With 2.04% Rare Earth Oxides Across 15 Meters

ALIX RESOURCES CORP. has entered into an agreement to acquire a block of claims totalling approximately 450 hectares in British Columbia which host a historic BC Minfile Rare Earth Oxide (REO) occurrence. BC Minfile reports that “a sample of chips taken at random across a 15 metre section returned… 2.04%REO” (Minister of Mines Annual Report 1965 p.266). The second claim block consists... 

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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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Nevada Company Introduces First Scalable Dry Recovery System For Lode And Placer Ores

After years of research, development, and testing, AU Goose, a mining service company in Reno, Nevada, has unveiled a solution to a long-time industry problem for junior and mid-level mining operations: How to extract and test heavy metal ores using a timely, cost effective, and dry method of recovery. AU Goose’s technology is the industry’s first modular, dry, non-toxic recovery system for both... 

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USCorp Gold and Silver Junior Exploration Mining Company Update

USCorp (OTCBB:USCS), updates shareholders and other interested individuals regarding its progress. Management is pursuing ongoing negotiations with a number of individuals representing various mining companies and has uploaded proprietary technical data to a secure website for viewing by industry professionals as discussed in our October 22, 2009 press release. USCorp is ready to joint-venture, merge,... 

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Excalibur Resources Begins Drilling at Silver King

Excalibur Resources Ltd. announce that diamond drilling has commenced today on its Silver King property in Nelson, B.C. The Phase I drilling program will target 15 holes over 2000 meters. The objectives of the current phase of drilling are to: 1) Test for the possibility of near surface, lower grade, open pit resources, 2) Begin testing the depth, and along strike potential of the Silver King structure... 

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North Bay Resources Inc. Acquires Fawn Gold-Silver Property

North Bay Resources Inc., a junior mining company with over 140 mineral and placer claims encompassing approximately 50,000 acres throughout British Columbia, Canada announce that it has acquired a 100% interest in the Fawn gold-silver property in central British Columbia, Canada. The Fawn property is situated on the Nechako Plateau of central British Columbia, approximately 120 kilometres southwest... 

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Quaterra Announces Exercise of 1.6 Million Non-Transferrable Common Purchase Warrants

Quaterra Resources Inc. announced that the TSX Venture Exchange has approved the transaction to exercise 1.6 million non-transferable common share purchase warrants (the “Warrants”) of the Company of the 1,741,250 Warrants that were eligible to be exercised. In accordance with this issuance, this transaction has financed the Company with USD $960,000 and the Company now has 99,131,298 shares... 

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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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Quri Resources, Inc. Signs LOI to Acquire Melina Project in Ecuador

Quri Resources, Inc. entered into a Letter of Intent with G&G Mining Corp., granting Quri Resources the option to acquire the Melina Project in Ecuador. Quri Resources, Inc. plans to acquire 100% interest in the Melina Project. This property is located 150 kilometers northwest of Quito. Access to the project is via paved roads maintained by the municipality of Pichincha. The Melina Project has... 

Ashburton Commences Work Program on Chukuni Red Lake, Ontario

ASHBURTON VENTURES INC. would like to announce that the summer work program has commenced on its Red Lake Chukuni Property. Contractors are on the property completing a 17 line km ground grid. Once established, GEOSIG Inc. will commence an induced polarization survey over the newly established grid. The previous work program encountered anomalous gold values in a moderate to strong ankerite and silicification...