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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Alix Acquires Two Claim Groups in Stewart BC Adjoining Canasia and in Vicinity of Decade Resources

ALIX RESOURCES CORP. announce it has entered into an agreement with Blair Naughty dated Sept. 23, 2009, whereby the vendor has granted Alix an option to acquire a 100-per-cent interest in seven claim blocks comprising a total of approximately 2800 hectares located in the Stewart mining camp. Six claims are in the vicinity of the new Montrose gold discovery announced by Decade Resources Ltd. on its... 

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Minnesota State Building and Construction Trades Council United in Opposition to Anti-Mining Bill

The Minnesota Building and Construction Trades Council, one of the state’s most prominent labor groups, is in agreement with high profile elected officials from both sides of the political isle that there is no need for the non-ferrous mining legislation being pushed by the Friends of the Boundary Waters. Minnesota is facing the largest budget challenge in history and companies across the state... 

Shoreham Acquires GOLD and PGM Portfolio of Guiana Shield Resources Inc.

Shoreham Resources Ltd., a Canadian exploration company dedicated to the exploration of advanced precious metal and polymetallic deposits in Guyana and Canada, announce the signing of a formal letter agreement with Guiana Shield Resources Inc., a Guyanese Company. The agreement grants Shoreham the right to earn 100% of 13 Prospecting Licenses in Guyana which were selected by Guiana Shield Resources... 

Boliden Cuts Zinc Production

Due to decline in demand Boliden is reducing the Groups production of zinc metal at its Finnish and Norwegian smelters. The effect is a reduction by 60,000 tonnes of zinc metal on an annual basis and a temporary lay off of some 50 co-workers. The measures will be effective immediately. In 2007 the Boliden Group produced some 460,000 tonnes of zinc. Boliden is a leading European metals company whose... 

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Mirabela extends the term of debt financing package

Mirabela Nickel Limited has signed an extension of its US$80 million bridge financing facility with Barclays and Credit Suisse. Once certain registration formalities and other conditions are complete, the term of the bridge facility will be extended to 30 June 2009. As part of the financing package, 1,500,000 options will be issued to each Bank exercisable at A$3.00 each on or before 7 July 2013. The... 

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Selwyn Resources Ltd.: Drilling in Don Valley Further Demonstrates Mineral Potential

Selwyn Resources Ltd. updates shareholders on its 2008 exploration activities. The 2008 drilling program is now complete with 3,857 metres drilled in 13 drill holes. The discovery of high-grade mineralization in the XY West Zone and success in the deep drilling in the Don East deposit are the highlights of the program. The later has demonstrated significant additional lateral continuity of high-grade... 

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Melkior Has the Options to Earn 50% of Some Troilus Properties From Beaufield

Melkior Resources Inc. has the option to earn a 50% interest in some Troilus properties in Quebec. Beaufield Resources Inc. has staked additional claims on its 100% owned Troilus base metal and gold properties to cover MEGATEM electromagnetic conductors and regional geochemical anomalies. Beaufield now holds 837 claims or 28740 hectares in the Troilus area which include the Moleon and Tortigny base... 

Sparton Selected to Join Ontario Government Environmental Mission to China

Sparton Resources Inc. announce that it has been selected to join the Ontario Environmental Mission to China to be lead by Ontario Premier Dalton McGuinty from October 26 – November 6, 2008. The Mission will focus on linking Ontario based environmental business groups with Chinese organizations involved in environmental programs such as water treatment, alternative energy, and various forms of... 

Cambridge Energy Corporation Announces Joint Venture for Gold River Mine Project

Cambridge Energy Corporation announced that the Company has entered into a joint-venture agreement for production of the Gold River Mine Group, including noted properties with extensive mining histories and precious metal ore bodies that are geologically well documented including The Sun Gold Group, The Big Chief Group, The Oro Cache Mine, The Eagle Mine and The Treasure Gulch Mine. Based on historic... 

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