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... 

Moncton wants N.B. to ban uranium mining

City council in Moncton, N.B., voted unanimously Monday night to call on the province to ban all uranium exploration and mining in New Brunswick. The councillors are particularly worried about uranium exploration on the outskirts of the city. The mining giant Vale Inco (formerly known as CVRD-Inco) is exploring for uranium south and west of Moncton. A smaller exploration company announced two weeks... 

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...