Philex Gold Receives Interim Order for Transaction With Philex Mining Corporation

Philex Gold Inc. announced that it has obtained an interim order from the Ontario Superior Court of Justice (Commercial List) with respect to the Company’s previously announced Plan of Arrangement with Philex Mining Corporation (“PMC”) and PMC’s wholly-owned subsidiary, Philex Gold Holdings Inc. (“PGHI”) (see press release dated February 25, 2010). Pursuant to the... 

American Mining Corporation Signs LOI to Form Production Joint Venture on Terra Gold Project, Alaska

American Mining Corporation announce that it has signed a binding letter of intent to enter into a joint venture with International Tower Hill Mines Ltd., in respect of ITH’s high grade Terra Gold Project in Alaska. Pursuant to the letter of intent, Terra Gold Corp. (“Terra”), an Alaskan subsidiary of AMC and Raven Gold Alaska Inc. (“Raven”), a subsidiary of ITH, will form a joint venture... 

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Nuinsco Acquires Gold Project in Lake of the Woods Region

Nuinsco Resources Limited announced it has optioned a claim package, collectively referred to as the Olympian Project, that hosts numerous previously identified gold occurrences. The project area lies 5 km northeast along strike from the Kenora region’s most significant past producer, the Wendigo Mine. “Adding the Olympian Project to our portfolio allows Nuinsco to draw upon its considerable... 

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Gentor Resources Inc. closes acquisition of APM Mining Limited

GENTOR RESOURCES, INC. announce the acquisition of APM Mining Limited pursuant to the closing under the Share Exchange Agreement dated February 23, 2010 between the Company, APM Mining and Arabian Peninsula Projects Ltd. As a result of the acquisition, the Company, through its wholly owned subsidiary, APM Mining, holds the earn-in rights to the Block 5 and Block 6 copper exploration projects located... 

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Fluor Awarded Debswana Contract for Diamond Mine Expansion in Africa

Fluor Corporation announced that the company won an engineering, procurement and construction management (EPCM) contract from Debswana Diamond Company Ltd, a joint venture of the Government of Botswana and De Beers, to execute the Jwaneng Cut 8 mining project in Botswana. After successfully completing the feasibility study for Debswana earlier in 2009, Fluor was awarded the procurement and construction... 

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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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B.C. Provincial Government halts mineral exploration in Flathead Valley

Max Resource Corp. has learned that the Government of British Columbia intends to halt all ongoing mineral exploration work and prohibit any future mine development in the Flathead Valley in Southeastern B.C. In his Throne Speech of February 9, 2010, which outlines the B.C. Government’s legislative agenda for the upcoming session, BC Lieutenant-Governor Steven L. Point announced that the Province... 

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Quaterra and Goldcorp Sign Investment Framework Agreement

Quaterra Resources Inc. announced that Goldcorp Inc., has entered into a binding Investment Framework Agreement (IFA) with the Company. The IFA formalizes the terms of a previously announced Letter of Intent that provides Goldcorp with an option to acquire an interest in certain mining properties held by or acquired by Quaterra in central Mexico in return for funding a two-year generative exploration... 

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Nass Valley Gateway signs agreement to acquire three gold prospects, Kirkland Lake Mining Camp, Ontario, Canada

NASS VALLEY GATEWAY LTD., announce the signing of an Acquisition Agreement with Golden Dawn Minerals Inc. (GOM), which gives the Company an option to acquire an 80% Joint Venture interest in three gold prospects within the Larder Lake Mining Division of the Province of Ontario, Canada. The three properties, Central Catharine, Link-Catharine, and the 80-Foot-Fall property are located within the Boston-Skead... 

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Nebu Reports Assay Results, Updates Timmins West Gold Area Exploration Progress

Nebu Resources Inc. provides the following update on exploration activities on its Denton Township projects adjacent to properties held by Lakeshore Gold Mines Inc., approximately 30 kilometers southwest of Timmins, Ontario. The Company holds two properties in the area, one of which has been the subject of recent diamond drilling while the other has been the subject of initial exploration and is now... 

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