Great Basin Gold Ltd. announced that it has signed an Ore Purchase Agreement with Newmont Mining Corporation whereby Newmont will purchase approximately 15,000 tons of bulk sample extracted from the Company’s Hollister Project, in Nevada, USA.
The 15,000 ton bulk sample was produced from the Hollister Project’s ongoing trial mining initiative and sold to Newmont [...]
Nebu Resources Inc. announce that it has signed an Option to Purchase Agreement with Portage Minerals Inc. to acquire Portage’s option to earn a 70% interest in 5 patented and 19 unpatented mineral leases in Mineral County, Nevada. The agreement is subject to regulatory approval.
Nebu has agreed to pay to Portage a total of [...]
Midway Gold Corp. reports the two vacancies on the board of directors have been filled by the appointment of Daniel Wolfus and Frank Yu as directors. It is with regret that we report that Brian Bayley has resigned as a director, and the board and management of the Company sincerely thank him for his guidance, [...]
Tonogold Resources, Inc. announces the sale of its Alaska assets and leasehold interest in the Nyac, Alaska Gold Project to Nyac Gold LLC.
The terms of the sale include cash and future consulting fees valued at approximately $563,420. Also, Tonogold has a retained a one-half percent net smelter royalty.
The Nyac Gold Project consists of 57,600 [...]
International Tower Hill Mines Ltd. announce the latest drill results from its 2008 resource expansion program at its bulk tonnage Livengood gold project near Fairbanks, Alaska. The exemplary results extend the higher grade Core Zone an additional 300 metres to the south of the southernmost holes used in the mid-year resource update announced October 29, [...]
Newport Gold Inc. announce that the Company has been informed by its consulting geologist, Daniel Huang, that two diamond drill holes on the TJYZ property were completed on October 28th, 2008. The first hole was spotted 7m south of the central part of the open pit and drilled to a depth of 129 m. The [...]
Golden Phoenix Minerals, Inc. announced that in response to the sharp reduction in demand and price for molybdenum worldwide, the Ashdown molybdenum mine in Humboldt County, Nevada has been placed on care and maintenance with a significant reduction in force until further notice.
The Ashdown mine produces molybdenum concentrate which is roasted to the oxide form [...]
Gray Creek Mining Inc. announces that effective November 10, 2008, it has acquired from Budget Waste Inc., a Nevada corporation its wholly owned subsidiary, Budget Waste Inc., an Alberta corporation, which holds and controls 100% of BWI’s assets and business operations, for approximately 52% of the outstanding shares of common stock of Gray Creek in [...]
Surge Global Energy, Inc. announce that its wholly owned subsidiary, Surge Energy Resources, Inc., has concluded leasing approximately 640 acres in Crane County, Texas at a cost of about $140,000. Surge plans on drilling its first oil & gas discovery well on those leases within the next 30 days at a drilling cost of approximately [...]
Out-of-state bidders from as far away as Russia, Saudi Arabia and Canada purchased US$23 million of equipment from the US$24 million unreserved public auction conducted by Ritchie Bros. Auctioneers (NYSE and TSX: RBA - News News) in Las Vegas, Nevada last week. More than 1,100 heavy equipment items and trucks were sold in the November [...]
