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... 

Tag: american mining corporation, production joint venture, loi jv, hartman mining district alaska, greg schifrin

Tasman drilling update from Norra Karr REE project, Sweden

Tasman Metals Ltd. Mr Mark Saxon, President and CEO, provides an update on developments regarding the Company’s 100% owned Norra Karr Rare Earth Element (REE) project. The drill program currently underway is nearing its conclusion with approximately 80 per cent of the program completed. In addition, a collaborative research project has been initiated, under the guidance of renowned REE expert... 

Tag: drilling for nepheline syenite, north american ree mining, tasman metals norra, norra karr, norra karr rare earth element ree zirconium zr project in

Buckingham Exploration Inc. options new property and completes disposal of Colorado subsidiaries

Buckingham Exploration Inc. announce that it has optioned the Lady Ermalina Chemainus Claims on Vancouver Island. The option calls for an immediate payment of cash and shares and staged payments in future years. Specifically, Buckingham agreed to issue an aggregate of 600,000 shares of common stock of the company and to pay an aggregate of $5,000 in cash in consideration for the grant of the sole and... 

Tag: buckingham exploration, buckingham oil exploration, regal uranium, buckingham exploration inc, regal uranium inc

Barkerville Raises $13,054,000 With Equity Issue

Barkerville Gold Mines Ltd. (formerly International Wayside Gold Mines Ltd.) reports that the previously announced equity financing (News Release 09-35 November 20, 2009) including the overallotment option has been fully subscribed to and the issue has been increased. The proceeds from the private placement will be used for the start up of the QR Mine and Mill, exploration and development on the Company’s... 

Tag: barkerville closes acquisition, barkerville raises 13 054 000 25 jan, barkerville raises 13 054 000

Alexis Completes Offer for Garson Gold Corp.

ALEXIS MINERALS CORPORATION announces that its bid to acquire Garson Gold Corp. has now resulted in over 90% of Garson shares being tendered to the Offer. This result confirms that Garson Gold shareholders are overwhelmingly in favour of the acquisition and the opportunity now present for growth in the value of the combined assets. The acquisition of Garson Gold gives Alexis a third project area located... 

Tag: alexis mining corp

Pele Mountain Begins Drilling at East Highland Gold Project

Pele Mountain Resources Inc. announced the start of diamond drilling at its East Highland Gold project in Northern Ontario. East Highland is 100-percent owned by Pele Gold Corporation, a wholly owned subsidiary of the Company. Pele focused its efforts at East Highland in the late-1990s, concluding with the successful mining and processing of bulk samples at the Markes and ‘A’ zones in 1999.... 

Tag: renabie mine who owns it know, northern mountains of highland zone, pele gold mines

Nevada Company Introduces First Scalable Dry Recovery System For Lode And Placer Ores

After years of research, development, and testing, AU Goose, a mining service company in Reno, Nevada, has unveiled a solution to a long-time industry problem for junior and mid-level mining operations: How to extract and test heavy metal ores using a timely, cost effective, and dry method of recovery. AU Goose’s technology is the industry’s first modular, dry, non-toxic recovery system for both... 

Tag: dry placer concentrator, placer recoveries inc, tons per hour in nevada, au goose placer claims, placer gold dry concentrator

North Atlantic to Commence Trading on TSX Venture Exchange

North Atlantic Resources Ltd. announces that, further to its news release of December 1, 2009 the common shares of the Company will commence trading on the TSX Venture Exchange effective at the opening of trading on Friday, December 18, 2009. The Company is classified as a Tier 2 Mineral Exploration/Development Company on the TSX Venture Exchange. The common shares of the Company will cease trading... 

Tag: north atlantic coal mine, buckingham exploration inc cease trade, iron mines trading on tsx v, iron companies trading on tsx venture, ft gold project 2010

Hyperdynamics Reports Encouraging Initial Results From Oil Seeps Study of Offshore Guinea Concession Area

Hyperdynamics Corporation today announced that it has received encouraging preliminary results from an oil seeps study of the company’s 31,000-square-mile oil and gas concession offshore Guinea. The survey was conducted by TDI-Brooks International of College Station, Texas. “We conducted this study to survey projected sites of oil seepage in three areas of our concession,” said Ray... 

Tag: daybreakoil gas, hyperdynamics reports encouraging initial results from oil seeps study offshore, ray lenard oil, satellite oil seepage, the existence of oil gas in guinee

Royal Gold Raises Common Stock Dividend 13% to $0.36 Per Share

Royal Gold, Inc., a leading precious metals royalty company, today announced that its Board of Directors increased the Company’s annual dividend for its shares of common stock from $0.32 to $0.36, payable on a quarterly basis of $0.09 per share. Royal Gold has steadily increased its annual dividend since it first issued a $0.05 annual payment for calendar year 2000. The Board also declared the dividend... 

Tag: precious metals mining dividends, dividend metal stocks, royal gold dividend, coal stocks dividends 2010, lithium mining dividend stocks