U.S. Silver Corporation announce that Thomas Parker will become the Company’s interim Chief Executive Officer (”CEO”) effective immediately. Mr. Bruce Reid, the former CEO, will remain as a consultant to the Company. Mr. Reid was instrumental in the creation of U.S. Silver in 2006 and facilitated access to financing for the Company. He has served the Company with distinction and... Read more..
Thunder Mountain Gold, Inc. and its wholly-owned subsidiary, Thunder Mountain Resources, announced today the completion of leases on two parcels of private ranch land totaling approximately 489 acres. The land consists of both surface and mineral rights, and is prospective exploration land adjacent to their South Mountain Project in Owyhee County, Idaho. The Company and its subsidiary now control approximately... Read more..
Yale Resources Ltd. announce that the La Verde Grande Deposit has now been traced on surface for over 200 metres of its strike length — double what was previously known. The mineralized skarn exposed by trenching is covered by a thin layer of overburden and numerous waste dumps created by the historic mining activity. Following up from the 70 metres of 1.70 % copper, 133.9 g/t silver, and 2.32... Read more..
Silver Falcon Mining, Inc. announced that the Company continues to move aggressively with its 3-stage transportation of the “Belle Peck” tailing piles. A fleet of 30-ton articulated trucks, load and transport the ore to a staging area on the bottom of War Eagle Mountain. Next, regular “off road” trucks take the ore to a second staging site near the Owhyee county road. Finally,... Read more..
Constitution Mining Corp announces the initial results from its property-wide grab sampling program covering the Cajon Grande prospect within the 14,222 hectare Cerro Amarillo property. The property contains two precious metal-rich porphyry systems (Cerro Amarillo and Cajon Grande) and four colour anomalies (Dead Cow, C2, C3, and C4). The Cajon Grande prospect lies some five kilometers southwest of... Read more..
High Desert Gold Corporation announced that Wellington West Capital Markets Inc. has been engaged as financial advisor to assist the special committee of the board of directors of the Company in considering the unsolicited take-over bid by Northern Financial Corporation (”Northern”) and to advise on alternative proposals for maximizing shareholder value. The Company also announced that... Read more..
Unico, Incorporated, a natural resource company in the precious metals mining sector, announced results from a tailings evaluation from Behre Dolbear and Company (USA) on geological analysis and evaluation completed at the Unico’s Deer Trail Mine in Marysvale, Utah. The tailings report was submitted as a separate document from the Final Summary Report submitted by Behre Dolbear, which included... 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..
ALEXIS MINERALS CORPORATION report that wedged hole 17314-10B has intersected volcanogenic massive to semi-massive sulphides grading 6.81% Copper (Cu) over 3.45 metres in deep drilling in Val d’Or. The massive sulphide horizon sits directly above a substantial 54.0 metre-wide, alteration and copper-rich stringer sulphide zone in a classical association that characterizes many Volcanogenic Massive... 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..