Apollo Gold Announces Entry into Letter of Intent to Sell Montana Tunnels Mining, Inc.

Apollo Gold Corporation announce that it has entered into a letter of intent with Elkhorn Goldfields LLC (“Elkhorn”) pursuant to which Elkhorn has agreed to purchase all the outstanding capital stock in Montana Tunnels Mining, Inc., an indirect wholly owned subsidiary of Apollo (“Montana Tunnels”), which includes the 50% interest held by Montana Tunnels in the joint venture agreement with Elkhorn... 

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Hawthorne Commences Mining of Bulk Sample from Taurus

Hawthorne Gold Corp. announce the Company has commenced the extraction of a 10,000-tonne bulk sample from the Sable Zone located within the Taurus claim area. On August 14, 2009, the Company received the Notice of Work approval # 09-0100011-0814 from the Ministry of Energy, Mines, and Petroleum Resources to extract the bulk sample. The bulk sample will be stockpiled next to the Cassiar Gold Mine mill... 

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Sunergy Reports Update on Operations on Its 150 sq. km. Ghana Mining Concession

Sunergy, Inc reports the following update on the planning and preparation for operations on our 150 sq. km. Nyinahin mining concession, located in Ghana, West Africa. During Q’4 2009 we plan to test and evaluate the alluvial gold recovery potential along the Ofin River which runs through the eastern portion of the concession for about 45 km. We plan to do this by bulk sampling the numerous existing... 

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KIG Mining Plc Announces That It Has Secured a 10 Million Line of Funding

Under an agreement signed on 7 July 2009, GEM Global Yield Fund Limited, the UK based private investment group, has agreed to provide KIG Mining Plc with €10 million over the next three years in the form of an equity line of credit. KIG will control the timing and maximum amount of any draw down under this credit line. On drawdown, KIG will issue ordinary shares to GEM Global at a price per share... 

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Simberi to Acquire Gold Properties in Guyana

Simberi Mining Corporation, a Canadian based international mineral development company that develops a portfolio of natural resource properties and companies announce that it has entered into a letter of intent with Lori Energy Inc., to enable Simberi to acquire up to a 100% interest in Prospecting Licence: PL/35SE/02/07 called the Kaburi Licence encompassing 6,431 hectares located in the Mazaruni... 

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Mexivada Receives Signed MOU from Gbense Chiefdom for Diamond Mining at Kono, Sierra Leone

Mexivada has executed a series of legal documents to facilitate start up of new artisanal diamond mining operations in Sierra Leone, Africa, through its subsidiary, Mexivada Gold and Diamond Mining Company (SL) Limited. MGD has received a signed Memorandum of Understanding dated November 14, 2008 from the Gbense Chiefdom of the Kono diamond mining district in Sierra Leone, Africa, to allow MGD to conduct... 

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Orbit Garant Drilling Awarded Major Contract by Newmont Mining

Orbit Garant Drilling Inc. announced that it has entered into a major contract with Newmont Mining Corporation to provide diamond core drilling services at their Boston project in Nunavut. Under terms of the contract, Orbit Garant expects to complete specialized core drilling over a three-year period at the Hope Bay Project. The Company will utilize three heli-portable drill rigs and expects to begin... 

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Tiger Resources consolidates project interests around Kipoi Resource

Perth-based emerging copper miner Tiger Resources Ltd announce that it has reached agreement with Aurum sprl to restructure the existing joint venture between the two companies. Tiger’s strategy is to focus on the discovery of copper/cobalt deposits within a radius of 25kms (trucking distance) around its lead Kipoi Project, which is located approximately 75 kms north of Lubumbashi. In September... 

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Global Gold Registers Significant Discovery in Armenia at Toukhmanuk

Global Gold Corporation announce that its exploration, test mining, and processing work has uncovered a significant gold and silver discovery in the Central Area of its Toukhmanuk property in the north central mineral belt of Armenia. Results of recent test mining, diamond drilling of over 20,000 meters, surface sampling of the No. 1 and 15 mineralized areas indicate that there are at least eighteen... 

African Queen Mines Ltd. Commences Trading

AFRICAN QUEEN MINES LTD. announce that effective at the opening on Thursday, October 16, 2008, its Common Shares will commence trading on the TSX Venture Exchange under the symbol “AQ.” The Company presently has 34,465,292 Common Shares outstanding. The Company’s Common Shares were distributed to the former shareholders of Pan African Mining Corp. in connection with its acquisition... 

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