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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American Petro-Hunter to Purchase Texas Gas Production and Reports on Operations

American Petro-Hunter, Inc. announce that the Company has entered into an agreement whereby the Company intends to purchase production from two existing gas wells from Texas-based Oxalis Energy Group. Under the terms of the Letter of Intent (L.O.I.), the Company is currently undertaking a period of due diligence on the project with a thorough review of project data and well production history of this... 

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Allied Energy Forms Operating Company in Texas

Allied Energy, Inc. announced that the Company has recently formed Allied Operating Texas, LLC, a wholly owned subsidiary of Allied Energy, Inc. “Allied Operating Texas, LLC was formed to operate our East Texas projects,” said Steve Stengell, Allied’s President. Oil and natural gas drilling, completion and production operations involve a high degree of risk and uncertainty. The Company... 

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Petrolia Progresses and Drills the Tar Point No. 1 Well

Petrolia announce that on Friday October 23 it spudded of the Petrolia Tar Point No 1 well. This well is the second in a series of six that the Company expects to complete in the Gaspe region over the next twelve months, in order to reach its objective of becoming Quebec’s first petroleum producer. Only a portion of the costs for the six wells should be paid directly by the Company. Petrolia... 

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Kaminak’s Partner Completes Drilling on Cry Lake, British Columbia

Kaminak Gold Corporation announced that project partner Solomon Resources Ltd. completed a diamond drill program on Kaminak’s 100% owned Cry Lake Gold-Silver Project located in north western British Columbia, Canada. The program was funded by Kaminak’s partner who completed two diamond drill holes totalling 416 metres as well as geological mapping and sampling of an extended soil geochemical... 

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Platinum Exploration Projects Update New Large Funded Joint Venture With JOGMEC

Platinum Group Metals Ltd. provides the following updates on its platinum projects including a second new joint venture with Japan Oil Gas and Metals National Corporation (“JOGMEC”), owned by the government of Japan, covering a new 118 square kilometres platinum exploration area. R. Michael Jones, President of Platinum Group Metals, said, “Our main focus right now is on advancing... 

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North American Gem Inc. Mobilizes Augers to the North American Gem Mine #1

North American Gem Inc. announce an agreement between Engle Hollow Mining LLC (as operator for NAG) and Kentucky Mine Power Inc. to provide mining and augering services for the North American Gem Mine #1 in Whitley County, Kentucky. Kentucky Mine Power Inc. will immediately mobilize two augers to the North American Gem Mine #1 location. Mine development is on schedule to begin within the next 10 days... 

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International Enexco Limited Receives Drill Results on Its Mann Lake Uranium Project, Saskatchewan

Arnold Armstrong, President and CEO of International Enexco Ltd. reported that the Company has received from Cameco Corp. the remaining assay results from the 2009 winter drill program at Mann Lake. Incomplete assays from the winter program were published in an August 10, 2009 International Enexco news release. A total of 4,155 metres were drilled in six holes ranging in depth from 648m to 732m. Strong... 

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Yale Acquires Central Claims at Orofino, Sonora, Mexico

Yale Resources Ltd. announce that the Company has signed an agreement with two groups to acquire a 100% interest in seven concessions that form the core of the Orofino Project. The Orofino Project is located approximately 135 km southeast of the capital city of Hermosillo, Sonora State. The seven concessions cover a total of 439.1 hectares and contain six historic open pit mines. Although production... 

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Royal Roads & Benton award drilling contract to drill new copper sulphide zone on Long Range Joint Venture, Newfoundland

Royal Roads Corp. and Benton Resources Corp. announce awarding a drill contract to commence diamond drilling of the recently discovered copper sulphide zone on the Long Range Joint Venture property in central Newfoundland. The contract has been awarded to Logan Drilling of Stewiacke, Nova Scotia and is expected to commence the week of October 12, 2009. The program is expected to include two drill holes... 

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