Lake Shore Gold Reports Extension to High Grade Mineralization at Bell Creek, Including 12.67 gpt Gold Over 14.40 Metres

Lake Shore Gold Corp. announced encouraging results from 25 new holes, 6 wedge holes and one hole extension (12,085 m) at the Company’s 100% owned Bell Creek property. The most significant results being reported are from Hole BC-09-53, which intersected 12.67 gpt Au over 14.40 m, including higher grade zones of 16.73 gpt Au over 10.0 m (including 29.90 gpt over 2.0 m and 18.48 gpt over 2 m). BC-09-53... 

Tag: deep creek exploration co, mid tier gold producer, conoco sanctioned

Gold Hawk Signs a Share Purchase Agreement With Nyrstar for the Sale of an 85 Per Cent Interest in the Coricancha Mine

Gold Hawk Resources Inc. announced today that the Company has entered into a Share Purchase Agreement (the “Agreement”) with Nyrstar (“Nyrstar”) (NYSE Euronext Brussels: NYR), whereby Nyrstar will acquire an 85 per cent interest in Compania Minera San Juan (Peru) S.A. (CMSJ), Gold Hawk’s Peruvian operating subsidiary, for US$15 million. Nyrstar is a leading, well-financed,... 

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Farallon Announces Corporate Name Change

Farallon Resources Ltd. announces that it has changed its name to Farallon Mining Ltd. Farallon’s President Mr. Dick Whittington made the announcement at the Company’s Annual General Meeting held on May 22, 2009 in Vancouver. Farallon has successfully made the transition from an exploration company to a fully operational mining company in an extremely short period of time. It has taken... 

Tag: mexmin pty ltd

Atna Makes First Gold Pour at Briggs Mine

Atna Resources Ltd. announce that it has made the first pour of approximately 300 ounces of gold in dore at the newly re-started Briggs Mine in Inyo County, California. Ore mining commenced at the site in January, crushing and the loading of ore onto the leach pad started in March, and solution delivery to the leach pad began in April. Facility construction at the mine is complete. The focus at the... 

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Augusta Closing of $5 Million Private Placement

Augusta Resource Corporation announces the closing of a non-brokered private placement of 3.35 million units at a price of $1.50 per unit for gross proceeds of $5,025,000. The transaction is fully subscribed by Kestrel Holdings Ltd., a private company 100% held by Vancouver mining entrepreneur Ross Beaty. Each unit comprises one common share and one non-transferable share purchase warrant entitling... 

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Treasury Metals Submits Proposal for the Acquisition of Sierra Minerals

Treasury Metals Inc., confirmed that it has submitted a non-binding proposal for the acquisition of all of the issued and outstanding common shares of Sierra Minerals Inc. pursuant to a takeover bid or other business combination transaction. Treasury proposes that Sierra shareholders would receive 0.8 common shares of Treasury for each 1.0 outstanding common share of Sierra. This exchange ratio implies... 

Tag: gold king mining and milling, northern dynasty minerals

Northgate Minerals Comments on Recent Market Activity

Northgate Minerals Corporation commented on the large trading volume of the Company’s shares and subsequent share price decline, which took place during market trading hours on Friday, December 19, 2008, on both the Toronto Stock Exchange and the NYSE Alternext. The company believes that the noted market activity was due to its deletion from the S&P/TSX Composite Index, resulting in a large... 

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Gold Resource Corporation and Hochschild Mining plc Form Strategic Alliance

Gold Resource Corporation announce that it has formed a strategic alliance with Hochschild Mining plc (Hochschild) through a $5 million private placement of 1.67 million shares of GRC’s restricted common stock at $3.00 per share (no warrants). Hochschild is a world leading precious metals producer listed on the London Stock Exchange. Based in Lima, Peru, Hochschild is a mid-tier gold producer... 

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Nirek Resources Inc. Offers to Purchase a Minimum of 20% of Century Mining Corp.

Nirek Resources Inc. has offered, upon certain conditions, to purchase not less than 20% of the issued and outstanding common shares of Century Mining Corp. on the basis of one (0.01) for each Century share. The purpose of the Offer is to enable Nirek to acquire at least 20% of Century shares in order to assist Nirek in acquiring resource and gold producing assets. Century Mining Corporation is an... 

Augusta Signs New Letter of Intent With Silver Wheaton

Augusta Resource Corporation announced that it has signed a letter of intent with Silver Wheaton Corp. dated October 31, 2008 regarding a new silver purchase agreement. The new letter supercedes the December 19, 2007 letter of intent between Silver Wheaton and Augusta. An update of Augusta’s August 2007 bankable feasibility study, reflecting an increased mineral resource, is expected to be completed...