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 the Black Banana... Read more..
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 sampling program was to provide... Read more..
Matthew Russell, President of Azteca Gold Corp. announces that diamond drill hole DDH-005B, on the Company’s 50%-owned Two Mile Project, was successfully wedged-off of the parent hole DDH-005A at approximately 3960 FT and is now at a depth of 4446 FT. The separation of the two drill holes as measured in plan-view is increasing as planned with the purpose of developing a mineral resource. The... Read more..
Fronteer Development Group Inc. announced that it intends to make an offer to acquire all of the outstanding common shares of Aurora Energy Resources Inc. that it does not already own. Pursuant to the Offer, Aurora shareholders will receive 0.825 of a Fronteer common share for each Common Share. The Offer represents a premium of approximately 166% over the December 19, 2008 closing price of the Common... Read more..
Treasury Metals Inc., a growth orientated gold focused exploration and development company, today announced the results of the final 19 drill holes from its Goliath Gold Project. The 100% owned Goliath Gold Project is located alongside the Trans-Canada Highway near Dryden, Ontario. These drill hole results mark the conclusion of the drill program that started in February of this year, designed to verify... Read more..
Alturas Minerals Corp. report that a recently completed ground geophysical survey has defined large, deeply rooted geophysical anomalies beneath strong copper-gold anomalies at its Sombrero project in southern Peru. The induced polarization anomalies form two circular centers beneath strong copper-gold anomalies and oxidized skarns that were reported previously in a press release dated September 4,... Read more..
Iberian Minerals Corp. announces that the Company’s wholly-owned subsidiary, Minas de Aguas Tenidas, S.A. has entered into a joint venture agreement with Cadillac Ventures Inc., a Canadian junior exploration company. The Agreement relates to 14 properties comprising all or part of 24 Mining Concessions plus 6 Investigation Permits (one at application stage) totalling 231.9 km2 (the “Properties”)... Read more..
BacTech Mining Corporation announce that is has begun working with University of Toronto researchers, Dr. Grant Ferris and Dr. Chris Kennedy. Dr. Ferris, a Professor in the University’s Department of Geology, is also the Director of the Microbial Geochemistry Laboratory (”MGL”), with over 25 years of experience investigating the interaction of metals and bacteria. Dr. Kennedy, also... Read more..
Klondex Mines Ltd., a gold exploration company, announced that it is in the process of preparing an NI 43-101-compliant resource update for its 100%-owned Fire Creek high-grade gold property in the Battle Mountain-Eureka Trend in Northern Nevada. The update, which is expected to be filed in the first quarter of 2009, will incorporate the results from two productive years of surface drilling at Fire... Read more..
COGITORE Resources Inc. announces that it has filed on SEDAR the feasibility study by engineering firm GENIVAR on the company’s 100% owned Estrades Mining Lease in northwestern Quebec. The study is in the form of a NI43-101 compliant Technical Report and consists of an exhaustive evaluation of all costs involved with rehabilitating the former producing Estrades mine, mining ore zones to a depth... Read more..