Archangel Diamond Corporation announces that, in connection with its proposed acquisition of a 49.99% equity interest in OAO Arkhangelskoe Geologodobychnoe Predpriyatie from OAO LUKOIL described in the Corporation’s news release dated April 16, 2008, the Russian Federal Anti-Monopoly Service (”FAS”) has now provided the Corporation with a “formalised decision” (the “Decision”)... Read more..
High Desert Gold Corporation announced that Wellington West Capital Markets Inc. has been engaged as financial advisor to assist the special committee of the board of directors of the Company in considering the unsolicited take-over bid by Northern Financial Corporation (”Northern”) and to advise on alternative proposals for maximizing shareholder value. The Company also announced that... Read more..
Anglo Ferrous Brazil S.A., in compliance with article 157 of Law 6,404/76 and CVM Instruction 358, of January 3 2002, as amended, hereby discloses to the market the following: Its controlling shareholder Anglo American Participacoes em Mineracao Ltda. confirmed its intention to complete the Public Offer disclosed to the market on August 20th, 2008. The relevant “Edital” has been duly approved... Read more..
Houston Lake Mining Inc., an advanced exploration company seeking gold, platinum group and rare metal deposits in Ontario, is pleased to announce that the Company has received quotes for a 2000m (6,560 ft.) diamond drill program. The winning contractor is expected to be chosen by the end of this week. The drill program aims to extend the Dubenski Shaft Zone resource to a depth of 150m (492 ft.). Technical... Read more..
CASTILLIAN RESOURCES CORPORATION, provides the following update: Kagera Project, Tanzania Castillian announces that it has discovered massive sulphides, associated with gossans at its Kagera Project in Tanzania (Figure 1). The massive sulphide mineralization occurs at surface where it has been weathered and predominantly altered to gossan (iron oxide). The mineralization occurs at the Nyamahwa target... Read more..
Altius announce drill core assay results have been received for the first four drill holes from its Kamistiatusset iron ore property located 10 km southwest of Wabush Mines in the heart of the iron ore mining district in western Labrador, Canada. A work program consisting of 24 drill holes totaling 6008 metres has been completed. Summarized assay results from the first four drill holes are provided... Read more..
Yankee Hat Minerals Ltd. announce that as a result of the regional joint venture grassroots exploration program with the Japan Oil, Gas and Metals National Corporation (”JOGMEC”) a new property, Kidlark, has been explored. Surface sampling has returned high grade tungsten assay results from this scheelite skarn occurrence. The Kidlark Property was explored in late July, and company geologists... Read more..
Unico, Incorporated, a natural resource company in the precious metals mining sector, announced results from a tailings evaluation from Behre Dolbear and Company (USA) on geological analysis and evaluation completed at the Unico’s Deer Trail Mine in Marysvale, Utah. The tailings report was submitted as a separate document from the Final Summary Report submitted by Behre Dolbear, which included... Read more..
Alcoa announced today that its Kwinana alumina refinery in Australia was recognized for excellence in the Australian mining industry when it was named ‘Minerals Processing Plant of the Year’ at the annual Australian Mining Prospect Awards sponsored by Australian Mining, Australia’s premier mining news website. The ‘Minerals Processing Plant of the Year’ award is presented to an organization... Read more..
Blue Note Mining Inc. reports that it has intersected a significant width of mineralization during the course of its underground drilling program at its Caribou mine, located near Bathurst, New Brunswick. The highlight of this drilling program is hole UGX-08-27, drilled in the lower edge of the inferred resources envelope intersected an estimated true width of 34.8 meters (49.17 meters core length)... Read more..