Hot Web Inc. announced that the Company has entered into an option agreement with Sarissa Resources, Inc. to earn up to a 50% interest in the Claims located in the townships of Asquith and Churchill in the Province of Ontario, generally known as the “Shining Tree Property”. The 50% “earn-in” interest will require Hot Web to fund expenditures to begin exploring and drilling the... Read more..
PolyMet Mining Corp. announced that it has received the draft Environmental Impact Statement (”EIS”) assessing the Company’s proposed mine development project located in the established mining district of the Mesabi Iron Range in northeastern Minnesota. PolyMet controls 100% of the NorthMet copper-nickel-precious metals ore body and owns the nearby Erie Plant. The draft EIS was prepared... 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..
Wallbridge Mining Company Limited announced that Wallbridge and its joint venture partner major platinum producer Lonmin Plc, have approved C$1.5 million of funding to carry out the 2009 work program on the Wallbridge/Lonmin Sudbury Camp Joint Venture (”SCJV”) properties. The funding provides for approximately 3,700 metres of diamond drilling and other exploration work for the period from... Read more..
Duluth Metals Limited announced significant new assays for 15 holes drilled in the Nokomis Deposit located near Ely, Minnesota. Of particular interest, Hole MEX-141, has expanded the Eastern High Grade Corridor (see October 27, 2008 press release) to the south-west, intersecting a 35.0 foot section of 1.201% copper, 0.436% nickel, and 1.468 grams per tonne (g/t) Total Precious Metals (TPM=Platinum+Palladium+Gold)... Read more..
The Directors of CANSTAR RESOURCES INC. announce that drilling has commenced on the Company’s CBS base and precious metal project on the Avalon Peninsula, Newfoundland. The program is designed to test a number of airborne conductors identified in the recently completed VTEM survey. Drilling will focus on selected airborne conductors as well as the Pastureland base and precious metal showing located... Read more..
Mackenzie I. Watson, President and CEO of Freewest Resources Canada Inc. announces that diamond drilling is set to resume on the Company’s wholly-owned McFaulds property (the “Property”). The Property, consisting of 4 mineral claims or 1036 hectares, comprises one of three properties in which the Company is currently exploring, on its own and in strategic joint-ventures in the emerging... Read more..
Continental Nickel Limited announce additional assay results from drilling on its 70% owned Nachingwea nickel sulphide project in Tanzania. The Nachingwea project is a 70:30 Joint Venture with IMX Resources NL (”IMX”) of Australia. Continental Nickel is conducting a C$7.0 million exploration program at Nachingwea in 2008 and is well funded with over C$14.9 million in the treasury. The 2008... Read more..
Mengold Resources Inc. and Solomon Resources Limited have encountered high-grade gold – up to 234.0 gpt – in surface sampling programs conducted this fall at the I-Zone on the Goldcreek Property, located in the Shebandowan area, west of Thunder Bay, Ontario. The I-Zone is part of structurally complex series of twenty-six dykes previously mapped on the Goldcreek Property. A structural model... Read more..
DUMONT NICKEL INC. announce that a NI-43-101 compliant Technical Report for its 100% held Alberta SBH polymetallic black shale Property has been filed on www.SEDAR.com. The Report is also available from DUMONT’s website. DUMONT concluded acquisition of the Property in July, 2008, and has not yet conducted exploration work on it. The Report is authored by S.Sabag PGeo, DUMONT’s President... Read more..