True North Gems Inc. and Great Western Minerals Group Ltd. are pleased to announce that TGX has granted GWMG an option to acquire up to a 65% working interest in TGX’s True Blue property in the Yukon in exchange for carrying TGX through to completion of a bankable feasibility study. The True Blue property is located 55 kilometres south of Ross River, Yukon and is accessible via all-weather road...
Diamonds North Resources Ltd. announces the discovery of a gold bearing iron formation on its 100% owned Amaruk property located in Nunavut. Initial regional prospecting returned grab samples with over 0.5 gram per tonne (g/T) gold including a sample yielding 1.2 g/T gold. The sub-vertical sulfide rich iron formation was traced over more than 6.5 kilometres and measures 1 to 5 metres, wide and in areas...
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...
SLAM Exploration Ltd. announces it has mobilized a prospecting crew to explore for rare earth elements (“REE”) and follow up high levels of yttrium and phosphorus detected on its Nash Creek property in New Brunswick. SLAM has researched Provincial records and found a REE occurrence located approximately 2 km west of the yttrium-phosphorus soil anomalies within its extensive Nash Creek claim...
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...
Tarsis Resources announce exploration will commence shortly at its 100% owned MOR property, located in southern Yukon, Canada. The MOR Property consists of 290 mineral claims (approx 6,000 hectares) located 35 km east of Teslin, Yukon, Canada. The property is just 1.5 km north of the paved, all weather Alaska Highway and hosts volcanogenic hosted massive sulphide (VHMS) mineralization. Diamond drilling...
Silver Quest Resources Ltd. announce the commencement of a surface exploration program to further evaluate its properties in the White Gold area of the Yukon. The programs will comprise geological mapping, prospecting and auger sampling of previously defined geochemical anomalies on the Boulevard Property (see Press Release July 23, 2009), and prospecting and soil geochemistry on the Sizzler, VO, CC,...
Xtierra Inc. announce that it has entered into an option agreement with private Mexican interests whereby it may acquire a 100% interest in the El Dorado gold project within 2,890 hectares of mining claims located in the Pinos district of southeastern Zacatecas State, Mexico. The property is located within the Central Mexican Mineral Belt and has an existing small-scale underground gold mining operation...
Quaterra Resources Inc. a junior exploration company focused on making significant mineral discoveries in North America announced it has signed an earn-in agreement with Freeport-McMoRan Exploration Corporation of Phoenix, Arizona (FMEC), for the Company’s Peg Leg copper project in Arizona. In the terms of the agreement, FMEC has the exclusive right and option to acquire a 70% ownership interest...
Douglas Lake Minerals Inc. announces that, effective on August 13, 2009, the Company entered into an Agreement (the “Agreement”) with Midex Gold Corp. (“Midex”) on the Magembe diamond property in the Shinyanga district of Tanzania. The Magembe diamond property comprises a total area of 46 square kilometers directly adjacent to the eastern, northern, and western boundaries of...