North American Gem Inc. Receives 69 Coal Prospecting Permits North of Hudson Bay, Saskatchewan

North American Gem Inc. announce that 69 Coal Prospecting Permits have been issued to the Company in Saskatchewan, near the most recent coal discovery by Goldsource Mines Inc.. The Coal Prospecting permits cover 134,600 acres (52,992 hectares) and comprise the first set of Coal Disposition Applications that were filed by North American Gem that received first priority status from Saskatchewan Energy... 

JNR Provides Update on Newfoundland Uranium Exploration

JNR Resources Inc. provide the following update on its uranium exploration activities in central and western Newfoundland. The Company is actively exploring two projects: Topsails and Rocky Brook. The 278,000-hectare Topsails project is a 50/50 alliance between the Company and Altius Resources Inc. (jointly the ‘Companies’), which was established to explore for volcanic-hosted uranium deposits... 

Red Hill Energy Inc.: NI 43-101 Report and Assays Completed on the Chandgana Khavtgai Project Confirms Large, High Quality Thermal Coal Discovery in Mongolia

March 26, 2008) – Red Hill Energy reported today that further to the December 21, 2007 news release, a National Instrument 43-101 report and assay results have been received by the company on its very significant Chandgana Khavtgai coal project. All three of Red Hill Energy’s coal resources are now National Instrument 43-101 compliant as to tonnage and quality. The National Instrument 43-101... 

JSE gets junior mining and exploration index

JOHANNESBURG -Junior miners on the JSE will receive greater exposure through a new index launched especially for them. Nedbank Capital, a specialist financier of junior mining companies, created the initiative, which is called the NedSec Junior Mining and Exploration Index. On traditional JSE mining indices, the majors eclipse junior miners. For example, the JSE’s mining index has just 5% of... 

Magnus International Resources Acquiring African Mineral Fields to Explore Mineral Opportunities in Africa

Magnus International Resources, Inc. announced today that it has entered into a letter of intent to acquire African Mineral Fields, a company which holds an exclusive option to acquire 100% interests in four gold projects in Uganda. The acquisition comes as part of Magnus’ decision to expand its mineral portfolio into Africa, which holds 55% of the known global gold resource and is experiencing... 

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Magnus Acquiring African Mineral Fields to Explore Mineral Opportunities in Africa

Magnus International Resources (“Magnus”) ”the Company”) NASD OTC-BB: ”˜MGNU’) announced today that it has entered into a letter of intent to acquire African Mineral Fields, a company which holds an exclusive option to acquire 100% interests in four gold projects in Uganda. The acquisition comes as part of Magnus’ decision to expand its mineral portfolio... 

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Mining minnows merge to lure a big-league catch

Small Canadian mining companies are rushing to groom themselves to attract big-league suitors, experts say, a trend underscored by a wave of consolidation among junior explorers and producers. Flush with cash and confidence spawned by robust commodity prices, the miners want to capitalize on vibrant investor interest. Mergers are a way for the miners to bulk themselves up into mid-tier producers, ready... 

UrAsia to Lead in Uranium Share Recovery

Uranium stocks have taken a remarkable beating over the last couple of quarters, and for the most part, probably for good reason. Hundreds of junior exploration names were beginning to command significant market valuations with very little, if anything, to show for them. Despite the rout which has taken place across the board, the price of uranium has continued its inexorable march to higher levels,... 

Oil prices rise on back of gasoline rally

Crude-oil futures rose Monday on the heels of a rally in gasoline that brokers attributed to a shipping snag along the U.S. Gulf Coast that was having some impact on refinery operations. The Coast Guard said Sunday that only limited tug and barge traffic had resumed through the Calcasieu Ship Channel, which had been off limits due to the spread of oil from a spill last week at the Citgo Petroleum Corp....