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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Kalahari Resources to Acquire Remaining Interest in Flagship Lamaque Gold Project

Kalahari Resources Inc. announce it has entered into agreements with Tundra Gold Mines Limited (‘Tundra’) and Golden Pond Resources Ltd. (‘Golden Pond’), the joint venture parties on the Lamaque property in Val d’Or, Quebec in order to consolidate ownership and allow for more advanced exploration to proceed. “The existing ownership structure has prevented Kalahari... 

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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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Entourage Mining Settles CMKM Lawsuit; Acquires Brazilian Gold Project

Entourage Mining Ltd. announces that the Company has settled its outstanding legal disputes with CMKM Diamonds Inc. and 101047025 Saskatchewan Ltd.. As a result of the settlement, CMKM will return 4,500,000 (pre-consolidation 45,000,000) common shares of the Company which will be returned to treasury for cancellation. These shares were issued in connection with certain property purchase agreements... 

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Santa Fe Gold Options Pilar Gold Exploration Property, Sonora, Mexico

Santa Fe Gold Corp, a U.S. based mining and exploration enterprise focused on gold, silver, copper and industrial minerals, today announced that its Mexican subsidiary, Minera Sandia S.A. de C.V., had entered into a purchase option contract on the Pilar Gold Property consisting of two mineral exploitation concessions located 165 kilometers east-southeast of Hermosillo, Sonora State, Mexico. The company... 

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EXMIN Closes Sale of Moris Mine Interest to Hochschild

EXMIN Resources Inc. announces that it has completed the previously announced sale of its 30% interest in Minas Santa Maria de Moris, S.A. de C.V., (MSMM), the Mexican company that owns the assets of Moris mine project, for US$1.5 million, to a subsidiary of Hochschild Mining Plc. (Hochschild). The sale was completed pursuant to the exercise of a Right of First Refusal by Hochschild, announced on... 

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Newmont to Acquire Remaining Interest in World-Class Boddington Project in Western Australia

Newmont Mining Corporation said that it has entered into a definitive purchase agreement to acquire from AngloGold Ashanti Australia Limited, a wholly-owned subsidiary of AngloGold Ashanti Ltd., its 33.33% interest in the Boddington project in Western Australia. Upon completion of the acquisition, Newmont will own 100% of the Boddington project, which is the largest gold project in Australia, and Newmont’s... 

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Anvil Mining Places Dikulushi Mine on Care and Maintenance

Anvil Mining Limited, reports that in view of the current low copper price, it has begun the process of suspending concentrate production, postponing underground development work and initiating a care and maintenance program at its Dikulushi mine (90%) in the Katanga Province of the Democratic Republic of Congo until the price of copper recovers. The Company estimates that this decision will deliver... 

Kinross to Acquire 100% Interest in Lobo-Marte in Chile From Teck and Anglo American

Kinross Gold Corporation announced that it has entered into separate agreements with Teck Cominco Limited and certain subsidiaries of Anglo American plc pursuant to which Kinross will acquire a 100% interest in Minera Santa Rosa SCM for an aggregate purchase price of approximately US$250 million, plus a royalty. Minera owns 100% of the Lobo-Marte gold project located in the Maricunga district of northern... 

George Forrest International Afrique S.P.R.L. to Acquire Forsys Metals Corp in Cash Transaction Valued at Approximately CAD$579 Million

Forsys Metals Corp and George Forrest International Afrique S.P.R.L. announce that they have entered into a definitive agreement pursuant to which GFI will effectively acquire, by way of a court-approved plan of arrangement, all of the outstanding common shares of Forsys on the basis of CAD$7.00 per share in cash for each common share of Forsys, plus the “in the money” amount of any outstanding... 

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