Royal Roads Corp. announce that the Burtons Pond gold property ownership has reverted back 100% to Royal Roads. In December 2004 Buchans River Ltd. entered into a joint venture agreement which would enable Prominex Resource Corp. to earn a 70% interest in the Property by fulfilling certain obligations. Under the terms of the agreement, Prominex was required to make cash payments totaling $35,000,... Read more..
Mengold Resources Inc. has compiled all of the results from a 13-hole 2,212m diamond drilling program on the Goldcreek Property conducted in the fall of 2008 as part of a joint venture between Mengold and Solomon Resources Limited. The drill program targeted the I-Zone in the northwest of the Property and provided an initial investigation of the Centre Zone. The I-Zone, where eight holes were drilled,... Read more..
Zaruma Resources Inc., announced that it has been advised by the Toronto Stock Exchange that the TSX is reviewing the eligibility for continued listing on the TSX of the common shares of the Company. It is the Company’s understanding that the TSX is primarily concerned with the Company’s financial condition. At the moment, the Company’s wholly-owned subsidiary, Minerales Libertad,... Read more..
Midway Gold Corp. announce 2009 work plans will primarily be focused on the Golden Eagle project in Washington and the Midway project in Nevada. Exploration at the Spring Valley project is expected to continue under a proposed earn-in agreement, previously announced (PR October 20, 2008). The Thunder Mountain project is currently being explored under an earn-in agreement with Kinross Gold. “We... Read more..
AngloGold Ashanti Australia Ltd is pleased to announce a Mineral Resource increase for the Tropicana Gold Project in Western Australia. The Tropicana Gold Project, located 330 kilometres east north-east of Kalgoorlie, is part of the Tropicana Joint Venture, which is 70% owned by AngloGold Ashanti Australia (the manager) and 30% by Independence Group NL. The Measured, Indicated and Inferred Mineral... Read more..
Bear Lake Gold Ltd. announces that it has mobilized an additional drill rig to accelerate the pace of the Phase 1 exploration program totalling 11,000 meters at its Larder Lake Project in Ontario. Recently, the contractor managed to drill successfully through a bad ground area associated with a fault located about half way between the carbonate and the flow mineralized zones at Bear Lake. This fault... Read more..
Adventure Gold Inc. announce that the recent drill program on the Senore and Beaufor North properties has lead to the discovery of significant gold mineralization and the identification of a continuous gold system over more than 600 metres laterally and locally up to 350 metres in depth. The best drill intersections returned values of 8.6 g/t Au over 1.8 metres (drill hole SE-08-11) and 11.1 g/t Au... Read more..
Claude Resources Inc. will continue its underground drill program, targeted at the historic high grade 8 Zone, and concurrently execute its surface exploration program at the Company’s Madsen property located at Red Lake, Ontario. Phase 1 of the underground program, launched from the 10th level in December 2008, is targeting the 8 Zone system with 12,000 meters of drilling. The program will utilize... Read more..
Midland Exploration Inc. announce the resumption of drilling on its 100%-owned Maritime Cadillac Property which is currently under an option agreement with Agnico-Eagle Mines Limited. This new drilling campaign managed by Agnico-Eagle will consists in a minimum of six holes totalizing 3550 metres. The Maritime Cadillac Property is contiguous to the Lapa gold mine property (3.8 million tonnes of probable... Read more..
Gold Canyon Resources Inc. announce that the Company and its wholly owned subsidiary, Gold Canyon Resources USA Inc., have entered into a Joint Exploration Agreement with the Japan Oil, Gas and Metals National Corporation (JOGMEC). JOGMEC is a government organization established under the Japanese Ministry of Economy, Trade and Industry, and is responsible for fostering international exploration and... Read more..