Petro Canada, As Part Of The Fort Hills Energy Limited Partnership, Defers Mine Decision Until 2009 And Defers Upgrader

The Fort Hills Energy L. P. announced that it will defer the final investment decision on the mining portion of the Project until a cost estimate consistent with the current market environment can be established. The Partnership now anticipates making a final investment decision in 2009. The Sturgeon Upgrader portion of the Project will be put on hold and a decision on whether to proceed with the Upgrader... 

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Sherwood Raises US$37.5 Million From Minto Precious Metal Production

Sherwood Copper Corporation announced that it and its wholly owned subsidiaries, Minto Explorations Ltd. and Kutcho Copper Corp., have entered into a letter of intent with Silverstone Resources Corp. whereby Silverstone will purchase, subject to certain terms and conditions, all of the payable gold and silver from the Minto Mine in the Yukon, over the life of the mine starting December 1, 2008. Silverstone... 

Nuinsco Provides Update on Huston Lake/Marijane Lake Joint Venture Agreement

Nuinsco Resources Limited provided an update of ongoing activity at the Huston Lake/Marijane Lake uranium property. Huston Lake is part of a 50:50 joint venture with Temex Resources Corp. covering both the Marijane Lake and Huston Lake properties located in southeastern Manitoba and northwestern Ontario. As previously announced, a 2,705 line-kilometre helicopter-borne magnetic and radiometric geophysical... 

Sabina Silver Announces Hackett River Study Update

Sabina Silver Corporation announced an update on work progressing at its 100% owned Hackett River silver-zinc project in Nunavut, Canada. Hackett River is a major silver-zinc deposit located approximately 75 kilometres from tide water in the Canadian arctic. Not only is it one of the largest undeveloped silver deposits of its type in the world, but it is located in one of the world’s most appealing... 

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Capstone and Sherwood Sign Combination Agreement

Sherwood Copper Corporation and Capstone Mining Corp. announced that, further to their joint news releases dated September 8 and September 18, 2008 respectively, the companies have entered into a combination agreement dated as of October 9, 2008 pursuant to which the companies will combine, by way of plan of arrangement, to create a well-funded, low-cost, growth-oriented, copper company with two producing... 

Anglo Swiss Resources’ Kenville Gold Mine Underground Rehabilitation Completion

Anglo Swiss Resources Inc. announces that the Company has completed the rehabilitation of the main mine haulage system at its 100% owned Kenville Gold Mine property near Nelson, B.C. This major historical production level, known as the 257 Level, is the lower of two levels and is now entirely operational with the extensive main drifts track repair complete. The Kenville Gold Mine has approximately... 

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Sherwood Reports Further High Grade Intercepts From Its Kutcho Copper Project

Sherwood Copper Corporation announced the third batch of assay results from its 2008 drill program at the high grade Kutcho Copper Project, located in north-western British Columbia. This program is defining high grade mineralization in the “Main” deposit, one of three massive sulphide deposits identified at Kutcho, which Sherwood controls through its wholly owned subsidiary, Kutcho Copper... 

Sherwood Sets Shareholder Meeting Date for Capstone Combination

Sherwood Copper Corporation announced that it has set November 14, 2008 as the date for a special meeting of its shareholders to vote in respect of the business combination with Capstone Mining Corp., details of which were announced on September 8, 2008. Since the date of the announcement, Sherwood’s management has had discussions with the majority of its shareholders, who have indicated that... 

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Fort Hills Energy Limited Partnership Releases Updated Cost Information for the Fort Hills Project

The Fort Hills Energy Limited Partnership said today that the preliminary results from the Front-End Engineering and Design (FEED) work suggest that estimated costs for its Fort Hills Project (Project) have risen considerably. The Project, as currently conceived, consists of an integrated oil sands mine and bitumen extraction plant 90 kilometres north of Fort McMurray, Alberta and an upgrader in Sturgeon... 

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NovaGold Sells Ambler Project and Early Stage Base Metal Properties to Mantra Mining For $20 Million in Shares

NovaGold Resources Inc. announced that it has reached a binding agreement to sell its interest in the Ambler Option Agreement, representing up to a 51% interest in the Ambler copper-zinc polymetallic project, along with its early stage base metal properties in Alaska for $20 million in common shares of Mantra Mining Inc.. Under the agreement Mantra will issue 6.25 million common shares having a current... 

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