Carpathian Gold Inc. wishes to announce that it has completed the 100% acquisition of Melbourne Ventures Fund LLC on October 30, 2008. With the completion of this acquisition, Carpathian now controls 100% of the Riacho Dos Machados gold project (”RDM”) located in Minas Gerais State, Brazil. RDM includes a past producing open-pit gold mine which was operated by Companhia Vale do Rio Doce... Read more..
TRI-STAR HOLDINGS, INC., a publicly traded company currently on the Over the Counter, announces Anthony Mellone’s visit to COS #1 & #2 with Gordon Graham to inspect area for security implementation. Scott Spooner, company Geologist, accompanied Mr. Mellone on their visit to the site. Samples were extracted and as we speak are being sent to Tucson, where an analyst will determine the quality... Read more..
Matamec Explorations Inc. announce the completion of a private placement with the MineralFields Group for gross proceeds of $175,000 consisting of a total of 2,500,000 flow-through units at a price of $0.07 per unit. The private placement closed on October 27, 2008. Each flow-through unit consists of one (1) flow-through common share and one half of one (1/2) common share purchase warrant. Each whole... Read more..
Mechel OAO, one of the leading Russian mining and metals companies, announces the consolidation of its ferroalloy assets on the bases of its Oriel Resources subsidiary. In the spring of 2008, Mechel OAO purchased Oriel Resources Company, which comprised of Tikhvin Smelting Plant ZAO (St. Petersburg region), Voskhod Chrome Deposit and Shevchenko Nickel Deposit (Kazakhstan). Among the enterprises representing... Read more..
Eastmain Resources Inc. announces preliminary assay results from the first 20 drill holes of the current program at its wholly-owned Eau Claire Gold Deposit, located in James Bay, Northern Quebec. These holes (ER08-113 to ER08-132), which have intersected the Main Group of veins below 2007 drilling, include 51 metre-wide intersections with an average grade of 18.66 g/t Au or 0.54 ounces gold per ton... Read more..
Silver Falcon Mining, Inc. announced that the Company continues to move aggressively with its 3-stage transportation of the “Belle Peck” tailing piles. A fleet of 30-ton articulated trucks, load and transport the ore to a staging area on the bottom of War Eagle Mountain. Next, regular “off road” trucks take the ore to a second staging site near the Owhyee county road. Finally,... Read more..
Volta Resources Inc. report assay results from nineteen out of thirty-eight diamond drill holes from its 2008 diamond drilling program at its Gaoua copper-gold porphyry project in southern Burkina Faso, West Africa. In April 2008 an extensive diamond drilling program aimed at extending the mineralization identified in 2007 at the Company’s Gongondy and Dienemera copper-gold porphyry prospects... Read more..
Skygold Ventures Ltd. announce that a reconnaissance diamond drilling program is underway on the SHG regional properties in British Columbia. Drilling will focus on the Spanish Creek Property (located approximately 90 km southeast of the Company’s flagship Spanish Mountain Property) and the Manson Creek Property (located approximately 400 km northwest of Spanish Mountain). This limited program... Read more..
Strait Gold provide a corporate update and review of its recently completed 2008 exploration activities in Peru. The Company currently has 23.0 million shares issued and outstanding (25.6 million fully diluted), approximately $1.4 million in working capital, current liabilities of less than $70,000 and no long-term debt. Exploration has been advanced on two of the Company’s five projects in 2008.... Read more..
Constitution Mining Corp announces the initial results from its property-wide grab sampling program covering the Cajon Grande prospect within the 14,222 hectare Cerro Amarillo property. The property contains two precious metal-rich porphyry systems (Cerro Amarillo and Cajon Grande) and four colour anomalies (Dead Cow, C2, C3, and C4). The Cajon Grande prospect lies some five kilometers southwest of... Read more..