Diamond Discoveries International Corp., a U.S. company focusing on diamonds, precious and base metal exploration in the Canadian province of Quebec, is pleased to announce that it has received all results from the exploration work completed in the 2008 field season, on their 100% owned Caribou Property near Thetford Mines. The results have confirmed the presence of high chromium (Cr2O3) mineralization... Read more..
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..
STILLWATER MINING COMPANY announced immediate plans to restructure its operations and reduce and redeploy portions of its workforce. The move is largely focused on the Company’s East Boulder Mine operations south of Big Timber, although the Company’s Stillwater Mine at Nye, Columbus Metallurgical operations, and administrative offices in Columbus and Billings are also affected. The action... Read more..
Colossus Minerals Inc. announce the appointment of Kevin Rosengren and Associates, and GeoTek Solutions to undertake geotechnical investigations of the Serra Pelada gold-platinum-palladium deposit (”Serra Pelada”) and its surrounds. Serra Pelada (Brazil) is a Colossus-COOMIGASP joint venture. The objective of the geotechnical studies is to clarify open pit and/or underground options for... Read more..
Benton Resources Corp. and Puget Ventures Inc. announced that Puget is proceeding with the transaction to earn up to a 60% interest in the Werner Lake/Rex Lake claims currently held by Benton Resources Corp. previously announced on August 14, 2008. Work will begin on these highly prospective copper and other base metals showings over the next few months. Puget Ventures also announced that due to market... Read more..
North American Palladium Ltd. announced that due to declining metal prices it will temporarily place its Lac des Iles Mine (LDI) in Thunder Bay, Ontario on a care and maintenance basis effective October 29, 2008. The closure will result in the layoff of approximately 350 employees. Details for a conference call to be held at 10:00 a.m. today are set out at the end of this press release. The Company... Read more..
GLOBEX MINING ENTERPRISES INC. wishes to update shareholders as regards its ongoing work and prospects. First, I would remind shareholders that despite the recent debacle in the markets and the resultant drop in Globex’s share price and the value of shares in other companies held by Globex, the Company has sufficient cash on hand to assure its smooth operation for several years including adequate... Read more..
STILLWATER MINING COMPANY announces that Gregory Wing, Vice President and Chief Financial Officer, will be speaking on Tuesday, September 9th at approximately 3:30 p.m. (Eastern Time) at the Denver Gold Forum being held in Denver, Colorado. A live webcast of Mr. Wing’s presentation may be accessed through the following URL: http://events.onlinebroadcasting.com/denvergold/090808/index.php The... Read more..
Magnus International Resources, Inc. provide an update on its exploration activities in Uganda. Mashonga Project (gold and PGE’s): The initial stage of the RC drilling at the Mashonga Project is now complete, with 7 holes drilled at the Mashonga open-slot mine and artisanal workings, where high grade gold, together with high grade platinum, palladium and silver grades, were recorded from a shear... Read more..
Colossus Minerals Inc. announce a summary of activities on the Serra Pelada project in Brazil, a Colossus-COOMIGASP joint venture. Serra Pelada Project (gold and PGE’s): Colossus has successfully completed its Phase I drilling program on Serra Pelada. 17 diamond drill holes were completed for 5129 metres of HQ coring. One other hole (SPD-009) was abandoned due to poor drilling conditions. Drilling... Read more..