High Desert Gold Corporation announced a substantial issuer bid (the “Offer”), pursuant to which the Company will offer to purchase for cancellation a maximum of 36,000,000 common shares of the Company (”HDG Shares”) (approximately 87.7% of the currently issued and outstanding HDG Shares) at a price of Cdn.$0.27 per HDG Share. The purchase of HDG Shares will be financed from... Read more..
Almaden Minerals Ltd. announce the commencement of diamond drilling on the Caballo Blanco gold project in the state of Veracruz, Mexico. Two track-mounted core rigs have been mobilized to the property by operating partner Canadian Gold Hunter Corp. (”CGH”) which has the option to earn a 70% interest in the project from Almaden. The planned program is up to 10,000 meters in two phases, with... Read more..
Kimber Resources Inc. received confirmation from the United States Securities and Exchange Commission that the registration statement on Form F-3, previously filed in June 2008, has become effective as of November 18, 2008. This effective registration statement allows the Company to make public offerings of the Company’s common shares up to an aggregate offering price of US$20million in the United... Read more..
ArcelorMittal is today meeting with its European Works Council to present voluntary separation programmes to be launched across the group. This is to help achieve the company’s stated aim of reducing SG&A (Selling, General and Administrative) expenditure by US$1 billion in response to the current economic situation. The focus is primarily on non-production employees, in particular those in SG&A... Read more..
Paramount Gold and Silver Corp. has received the assays from recently completed drill holes in the northern portion of its San Antonio resource area. These holes were drilled to test the northern extensions of the San Antonio vein system and to follow up an interesting gold intercept. Holes SA-57 and 59 were drilled from east to west across the northern part of the San Antonio vein system. SA-57 intersected... Read more..
GREAT PANTHER RESOURCES LIMITED announce that new underground drilling and mine development at the Company’s 100% owned Topia Mine in Durango, Mexico has successfully extended the potential for high grade silver, gold, lead and zinc mineralization along a 350 metre strike length and 150 metre dip extent of the Cantarranas Vein. New underground development along a 95 metre strike length of the... Read more..
Alhambra Resources Ltd. announces that on November 25, 2008, the interdistrict economic court concluded hearing the merits of the outstanding court claim filed in Kazakhstan by Marsa Aktiengesellschaft (Lichtenstein) and Teragol Investment Limited (Cyprus) against Alhambra seeking to invalidate the original agreement whereby Alhambra purchased Saga Creek Gold Company LLP (”Saga Creek”)... Read more..
Romios Gold Resources Inc. report that the diamond drill program at its Newmont Lake property located in the Galore Creek area of northwestern British Columbia continues to encounter bonanza grade mineralization within a breccia that characterizes the North West Zone mineralization. Additional drilling was carried out as part of the 2008 exploration program to expand the known resource at Newmont... Read more..
Exeter Resource Corporation reports excellent grades from drill hole CSD023, the first hole completed this season at its Caspiche gold-copper porphyry project in the Maricunga district, Chile. CSD023 intersected: - 102.0 metres (”m”) (335.0 feet (”ft”)) at a grade of 0.65 grams per tonne (”g/t”) gold (0.019 ounces per ton (”oz/ton”)), from surface to... Read more..
Portage Minerals Inc.announces that it has entered into an option agreement with Nebu Resources Inc. whereby Portage has agreed to sell and assign its option to earn a 70% interest in 5 patented and 19 unpatented mineral leases located in Mineral County, Nevada. In order for Nebu Resources to exercise its option pursuant to the Assignment Agreement, it must (i) pay US$12,178.20 to Columbus Gold (U.S.)... Read more..