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..
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..
MetalCORP Limited announce the signing of an option agreement with Kennecott Canada Exploration Inc. , an indirect wholly-owned subsidiary of Rio Tinto plc, a leading international mining group headquartered in London, UK. Kennecott has the right to earn 51% interest in MetalCORP’s GUP project by making cash payments of $500,000 and incurring exploration expenditures of $6,500,000 over five (5)... Read more..
Pacific North West Capital Corp. announce that the Company has entered into an Option Agreement with Kinbauri Gold Corp. whereby PFN may earn a 60% interest in Kinbauri’s Fiedmont Property subject to a 2% NSR held by the original vendors; the vendor’s NSR is subject to a one percent, $900,000 buy-back. Under the terms of the Agreement, PFN may pay Kinbauri an aggregate amount of $98,000,... 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..
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..
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..
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..
Houston Lake Mining Inc., an advanced exploration company seeking gold, platinum group and rare metal deposits in Ontario, is pleased to announce that the Company will be participating in the 33rd Chicago Resource Expo directed by natural resource specialist Rich Radez on November 14 & 15, 2008 at the Rolling Meadows Holiday Inn Convention Center. Houston Lake will be in booth number 8. On November... Read more..