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 [...]
Plexmar Resources Inc. report that it has signed, through its subsidiary, a letter of intent with Minera Ucucha S.A.C. for the exclusive commercialization and production rights for the top 100 meters on all the concessions part of the Bolsa del Diablo project. In return, Ucucha will obtain all necessary authorizations from the local communities to [...]
Hecla Mining Company announced it has acquired substantially all of the assets of Independence Lead Mines Company (ILM), located in northern Idaho’s Silver Valley. ILM shareholders voted overwhelmingly in favor of the transaction at an ILM meeting of shareholders on Monday, October 27, 2008, and the transaction was closed today. Included in the ILM assets [...]
Kinbauri Gold Corp. announces that Anglo Pacific Group PLC is now releasing all escrowed funds pursuant to its royalty purchase, as all required documents have now been registered against Kinbauri’s respective mining titles in Spain. In May of 2008, APG closed an agreement with Kinbauri whereby it purchased a 2.5% net smelter royalty on Kinbauri’s [...]
DIAGNOS inc., a leader in the use of artificial intelligence (”AI”) and advanced knowledge extraction techniques, announced today the signing of an agreement with Diamond Frank Inc, a Canadian mining exploration company, optioning 100% interest in its K6 project situated in the Otish Mountains.
Diamond Frank will pay exploration fees to DIAGNOS, a cash amount of [...]
VAULT MINERALS INC announces that it has entered into option agreements to acquire two strategic claim units, contiguous to its Goldbanks property in the Kirkland Lake gold camp, Ontario.
As previously announced, the Goldbanks property is situated in western Teck Township, 800 m west of the high-grade Macassa mine, which is currently operated by Kirkland Lake [...]
Gryphon Gold Corporation report that Nevada Eagle Resources, a wholly owned subsidiary of Gryphon Gold, entered into a lease agreement whereby Newmont Mining Corporation has agreed to undertake exploration and development, if warranted, of Nevada Eagle’s Scraper property, located on the northern extension of Nevada’s prolific Carlin trend.
The Scraper property consists of 33 unpatented lode [...]
Seabridge Gold announced that it has signed a letter of intent to sell its 100% owned Noche Buena project in Sonora, Mexico to Minera Penmont, S. de R.L. de C.V., a joint venture between Fresnillo plc. and Newmont USA Limited, a wholly owned subsidiary of Newmont Mining Corporation. Terms of the sale are US$25 million [...]
Dynamite Resources Ltd. announced that it has entered into an agreement to purchase a 40% interest in the Segala gold project located in Mali, West Africa from Avion Resources Corp.. Avion Resources will retain a 40% interest in the Segala Gold Project, with the remaining 20% interest held by the Government of Mali.
David Argyle, the [...]
VAULT MINERALS INC announces the recent acquisition of the Gauthier Property in the Kirkland Lake gold camp, Ontario.
The property, comprising eighty-eight staked mining claims totaling approximately 1,400 ha, is situated about three km north of the past-producing Upper Canada gold mine (1.4M oz) in northern Gauthier Township.
The claim group covers 5.3 km of strike extent [...]
