Option payment received for sale of the Basin Coal Mine

Compliance Energy Corporation announces that further to the Company’s announcements on August 7, and December 18, 2008 regarding an option to NWPC Pty Ltd for the purchase of 100% of the Company’s interest in the Basin Coal Mine located near Princeton BC, for consideration of cash and shares totaling $8.25 million, the Company has now received the February 2009 option payment of $1,000,000... 

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Endeavour Announces Successful Appraisal Drilling in Cygnus Field in the United Kingdom North Sea

Endeavour International Corporation announced that the Cygnus 44/12a-3 appraisal well in the Southern Gas Basin in the North Sea has successfully extended the productive area of the Cygnus field by confirming the presence of recoverable gas reserves in a second fault block. Endeavour holds a 12.5 percent interest in the Cygnus field area spread over two United Kingdom blocks, 44/11a and 12a. License... 

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Hunt Rig Begins Move to Bellevue Site

Empire Energy Corporation International announced, along with its wholly owned Australian subsidiary Great South Land Minerals Ltd. (GSLM), that the transportation of the Hunt drill rig to the Bellevue #1 well site is underway. Subject to permit and inspection, the drill rig should be set up and operating by mid December. Since the pre-drilling has been completed, the Hunt rig is expected to reach... 

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Solex Resources Corp. completes initial drilling program and continues metallurgical testing at Macusani South project

Solex Resources Corp. announced that it has completed the first phase of drilling on its 100% owned Macusani South project in the Macusani uranium district of south-eastern Peru. In addition, column leach metallurgical testing has started at Solex’s mobile metallurgical laboratory following receipt of all required permits. Drilling Programme Diamond drilling commenced at the Macusani... 

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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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Global Gold Registers Significant Discovery in Armenia at Toukhmanuk

Global Gold Corporation announce that its exploration, test mining, and processing work has uncovered a significant gold and silver discovery in the Central Area of its Toukhmanuk property in the north central mineral belt of Armenia. Results of recent test mining, diamond drilling of over 20,000 meters, surface sampling of the No. 1 and 15 mineralized areas indicate that there are at least eighteen... 

Anooraq Provides Market Update on Financing Strategy for Lebowa Acquisition

Anooraq Resources Corporation announced that the Company and its controlling shareholder, the Pelawan Trust, are in advanced negotiations for the conclusion of a financing for the Company, in light of the current downturn in international equity markets. The successful conclusion of these negotiations will result in Pelawan completing the unconditional exercise of all of the Pelawan warrants, referred... 

Uranerz Announces Sale of Mongolian Property Interests

Uranerz Energy Corporation announce that the Company and its joint venture partner, Bluerock Resources Ltd., have completed the sale of 100% of their Mongolian joint venture project to Jindal Steel & Power (Mauritius) Limited for an aggregate gross sales price of U.S. $2.6 million (the “Divestiture”). The Mongolian joint venture assets, transferred by means of a subsidiary sale of... 

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Wealth Discovers Outcropping Uranium Mineralization on its Macusani Project, Puno District, Southeast Peru

Wealth Minerals Ltd. announce final results from the initial exploration program on its 100%-owned Macusani properties in Puno district, southeast Peru. Results from 35 prospecting samples confirm the discovery of two new uranium showings (Figure 1). Assays from 22 samples collected from the westernmost ‘Radiante’ showing averaged 0.35 lbs/ton U3O8 (0.015% uranium) and ranged from below... 

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Vena Resources Expands Management Team and Implements Shareholders Rights Plan

Vena Resources Inc. announce that Jose Roberto de Romana Letts has joined the Vena Board of Directors and Silvia Dedios Villaizan has been promoted to Vice President, Corporate Development based in Lima, Peru. Mr. de Romana Letts is a member of a well known and respected family involved in the mining industry in Peru. He has worked in the Peruvian mining industry for many years in senior management...