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 [...]
Gold Resource Corporation (GRC) announce results from an internal analysis of delineation drilling at its Arista deposit. The Arista deposit is part of GRC’s 100% owned El Aguila Project in Oaxaca, Mexico. Estimates of in-place mineralized material at the Arista deposit, from Arista and Baja veins only, equal 2,187,000 tonnes grading 5.92 g/t gold (Au), [...]
Canadian Zinc Corporation and Liidlii Kue First Nation of Fort Simpson, Northwest Territories, are pleased to announce that they have entered into a Memorandum of Understanding (”MOU”) to establish a mutually beneficial, co-operative and productive relationship with regard to the exploration and development of the Prairie Creek Mine and to demonstrate that LKFN and Canadian [...]
Gregory Isenor, P.Geo., President and CEO of Merrex Gold Inc. announces that Merrex and IAMGOLD Corporation have agreed on the commercial terms of an option for 50% of Merrex’s Siribaya Gold Project in West Mali, Africa.
$12,000,000 Option and Private Placement
The commercial terms of a $12,000,000 option and private placement have been agreed between Merrex [...]
Dumont Nickel Inc. announce that it has completed a non-brokered private placement of flow-through and non-flow-through units, with arm’s length and non-arm’s length parties, for total proceeds of $105,000, pursuant to terms announced September 24, 2008.
The financing consisted of (i) placement of 300,000 units at a price of 25 cents per unit, for gross proceeds [...]
Unico, Incorporated, a natural resource company in the precious metals mining sector, announced results from the Final Summary Report submitted by Behre Dolbear and Company (USA) on geological analysis and evaluation completed at the Unico’s Deer Trail Mine in Marysvale, Utah. The report includes the results of logging and splitting work on core samples taken [...]
ALEXIS MINERALS CORPORATION report that wedged hole 17314-10B has intersected volcanogenic massive to semi-massive sulphides grading 6.81% Copper (Cu) over 3.45 metres in deep drilling in Val d’Or. The massive sulphide horizon sits directly above a substantial 54.0 metre-wide, alteration and copper-rich stringer sulphide zone in a classical association that characterizes many Volcanogenic Massive Sulphide [...]
GLOBEX MINING ENTERPRISES INC. wishes to update shareholders as regards its ongoing work and prospects.
First, I would remind shareholders that despite the recent debacle in the markets and the resultant drop in Globex’s share price and the value of shares in other companies held by Globex, the Company has sufficient cash on hand to [...]
Almaden Minerals Ltd. report on its ongoing exploration activities in Mexico where field crews of Almaden and its partners have been working on multiple projects this year. To date in 2008 three of Almaden’s Mexican projects have been drilled as part of programs entirely funded by operating partners for a total of roughly 11,500 meters [...]
Grande Portage Resources Ltd. announce that it has completed 24 NQ-size diamond drill holes totaling 1,569 metres from four drill setups at its 100% owned gold - silver base metal property near Smithers, B.C.
The initial drill program was designed to focus on the high-grade gold-silver bearing polymetallic quartz veins identified by previous operators and confirmed [...]
