Eastmain Resources Inc. Announces Goldcorp to Participate in Future Exploration At Eleonore South Project as a Joint Venture

Eastmain Resources Inc. announced that Les Mines Opinaca Ltee., a wholly-owned subsidiary of Goldcorp Inc., has elected to terminate its right to increase its interest by 6.67% in the Eleonore South project in favour of proceeding with future exploration as a joint venture. Eastmain will continue to be the project operator and manage the joint venture. The project ownership is Eastmain 33.34%, Opinaca... Read more..

Northern Gold Mining Inc. Signs Letter of Intent With ValGold Resources Ltd.

Martin Shefsky, President and CEO of Northern Gold Mining Inc., reports that the company has entered into a letter of Intent with ValGold Resources Ltd. The agreement covers the Garrison gold property, consisting of thirty-five patented claims in Garrison Township, approximately 40 kilometres north of Kirkland Lake and 100 kilometres east of Timmins, Ontario. According to Mr. Shefsky: “This property... Read more..

Helio Reports Drill Results from the Kenge Target, SMP Gold Project, Tanzania

Helio, through its 100% owned subsidiary BAFEX Tanzania Ltd., can earn a 100% interest in five contiguous licences, which cover a 34km strike length of the Saza Shear Zone. The project covers the New Saza Gold Mine, which operated between 1939 – 1956, producing approximately 270,000 ounces of gold at an average grade of 7.5g/t Au. Since June 2006, the Company has drill-tested eleven targets,... Read more..

Arianne Resources Inc.: Better Than Expected Results on the Lac a Paul Phosphorous Property

The management of Arianne Resources Inc. report drilling results from the Pau Zone, one of the three mineralized zones of its Lac a Paul phosphorous-titanium property located in Quebec. The drilling campaign on the Pau Zone and Zone 2 was completed November 20, 2008 and drilling on the Man Zone will resume on January 20. In total, including the Man program, Arianne will have tested, with 5,000 meters... Read more..

Melkior Resources: Drilling Extends Timmins Gold Bearing Structures

Melkior Resources Inc. announce additional assay results for 16 diamond drilling on the 100% owned Timmins West Property in Carscallen Township, Timmins, Ontario. Assay results for 41 out of 48 diamond drill holes have now been received. The best intersections from this set of assays were from TW-08-10-35 which returned 5.63 g/t gold over 1.80 m and TW-08-10-36 which returned 7.18 g/t gold over 1.30... Read more..

Crystallex Comments on Market Activity and Las Cristinas

Crystallex International Corporation reported that it is aware of certain comments related to the Las Cristinas gold project attributed to President Chavez in Venezuela. Outside of the media coverage, the Company has not been notified of any changes in position by the Venezuelan Government regarding the Las Cristinas Project or the Mine Operating Contract (”MOC”). Crystallex staff and... Read more..

Yale and Enviro Energy Start Work Program at Zacatecas

Yale Resources Ltd. announce that its partner Enviro Energy Capital Corp. has started its first phase work program on the Mina San Jose, Zacatecas and Salvador claims that form the Zacatecas Venture. Yale owns 65% of the Zacatecas Venture with IMPACT Silver Corp. owning the remaining 35%. Enviro has an option to earn 100% of Yale’s ownership by making staged cash payments totaling $150,000,... Read more..

Eaglecrest Samples 16.2 Grams Per Tonne Gold on Surface at the Buriti Gold Zone, San Simon Project, Bolivia

Eaglecrest Explorations Ltd. report that a new exploration work has highlighted the Buriti gold target at the San Simon project in Northeastern Bolivia. As part of the on-going district exploration program, a total of 68 surface rock chip samples were collected in November-December 2008 and returned gold values that varied from below detection (0.3 grams per tonne gold) to 16.2 grams per tonne gold.... Read more..

Mexoro Minerals Announces Inferred 15.25 Million Tons Grading 2.62 g/t Gold Equivalent at Its Cieneguita Project in Mexico

Mexoro Minerals Ltd. announce that it has updated its preliminary technical report estimate at its Cieneguita Project located in Chihuahua, Mexico. The Company finalized its current drilling program finishing 100 holes for a total of 20,215 meters of drilling. The Company is waiting for the results from 48 of these drill holes to come back from analysis by ALS Chemex labs. Once all the results have... Read more..

Latest Drilling at Gaoua Confirms Historical Data and Uncovers New Mineralization

Volta Resources Inc. report more significant copper-gold intercepts from the last drill holes of its 2008 diamond and reverse circulation (”RC”) drilling program at Volta’s Gaoua copper-gold porphyry project in southern Burkina Faso, West Africa. The latest drilling significantly expands the mineralized envelope towards the west at its Gongondy target, considerably increasing the... Read more..