Silverado Gold Mines Ltd. SLGLF OTCBB, SLGL Frankfurt, www.silverado.com, is pleased to announce that the preliminary feasibility study on its Workman’s Bench gold and antimony lode gold deposit at its Nolan Creek property in Alaska has been completed. The study was commissioned by the Company in September 2008, and was performed by Thomas K. [...]
NovaGold Resources Inc. announced that it has entered into a definitive agreement with Electrum Strategic Resources LLC providing for the sale to Electrum on a private placement basis of 46,153,847 Units for a purchase price of US$1.30 per Unit, for aggregate gross proceeds of US$60 million. Each Unit consists of one common share [...]
Rusoro Mining Ltd. has learned by way of Gold Reserve Inc. press release issued on or after 4:00 pm Eastern time on December 24, 2008, that the board of directors of Gold Reserve has amended its shareholder rights plan (the “GRZ Plan”) without obtaining GRZ shareholder approval.
The amendments to the GRZ Plan include extending the [...]
Nirek Resources Inc. Nirek as of today’s date, after analysis, has amended its offer to reduce the percentage of shares it is seeking to acquire in Century. Nirek is now offering to purchase 18% of the outstanding shares of Century Mining Corporation , a 10% reduction from its original offer. All the other terms of [...]
Fronteer Development Group Inc. announce that widely spaced regional drilling at its Halilaga Project in northwestern Turkey has intersected encouraging new copper-gold mineralization, reinforcing the prospectivity of this emerging mineral belt.
Teck Cominco Limited’s Turkish subsidiary, Fronteer’s 60% joint venture partner, is currently testing a series of geochemical and geophysical anomalies within an eight-square-kilometre area believed [...]
IAMGOLD Corporation has entered into a definitive Option Agreement to earn a 50% interest in the Siribaya Gold project in Mali, West Africa, which is 100% controlled by Merrex Gold Inc. . IAMGOLD can earn its interest by spending Cdn$10.5 million over four years. As part of the Agreement, IAMGOLD completed a private placement [...]
Gregory Isenor, P.Geo., President and CEO of Merrex Gold Inc. announces that Merrex has closed its Private Placement and Option Agreement with IAMGOLD Corporation for 50% of Merrex’s Siribaya Gold Project in West Mali, Africa.
“We are pleased to have increased our control of Siribaya to 100% and to have closed our agreement with IAMGOLD” said [...]
GoldQuest Mining Corp. report drill results from ten holes completed on its 100% owned Las Animas project located in the central Dominican Republic. The Las Animas project is excluded from the Gold Fields Option Agreement.
The drill results of the last ten diamond drill holes totalling 1,879 meters of the Phase 3 drill programme at Las [...]
Shoreham Resources Ltd., a Canadian based exploration company dedicated to the exploration of advanced precious metal and polymetallic deposits in South America and Canada, is pleased to announce that the company has signed a Letter of Intent (”LOI”) with Mulgravian Ventures Corporation (a privately held company) whereby Mulgravian may acquire a 60% working interest in [...]
Harp Sangha, President/CEO of Douglas Lake Minerals announce the results from the analytical assessment of 5.1 kg of heavy mineral concentrates recovered from 127 samples of gold bearing alluvial material totaling 19.2 tonnes from the Company’s wholly owned Mbwemkuru Alluvial Gold Project located in the Lindi region in Southeastern Tanzania.
The objective of this [...]
