Almaden Minerals Ltd. report on its ongoing exploration activities in Mexico where field crews of Almaden and its partners have been working on multiple projects this year. To date in 2008 three of Almaden’s Mexican projects have been drilled as part of programs entirely funded by operating partners for a total of roughly 11,500 meters in 45 holes. Almaden anticipates further drilling will be... Read more..
Grande Portage Resources Ltd. announce that it has completed 24 NQ-size diamond drill holes totaling 1,569 metres from four drill setups at its 100% owned gold – silver base metal property near Smithers, B.C. The initial drill program was designed to focus on the high-grade gold-silver bearing polymetallic quartz veins identified by previous operators and confirmed by the Company’s grab... Read more..
Mountain Boy Minerals Ltd and Pinnacle Mines Ltd announce that further assays have been received from the 2008 drill program on the Silver Coin project. A total of approximately 12,600 meters of drilling was completed in 79 holes on the Kansas and Big Missouri claims. Drilling tested in areas with little or no drilling in order to provide data for an updated resource calculation. Two different zones... Read more..
Exeter Resource Corporation reports that drilling at its Caspiche gold-copper project in Chile has now started. A minimum 9,300 metre (30,500 feet) program will lead to a NI 43-101 compliant inferred resource estimate. As a result of the global credit situation, Exeter has revised its previously announced exploration programs and has reduced staffing to conserve cash. The Company currently has $23... Read more..
ZNext Mining Corporation, Inc. announces that the XYZ Gold Project mobilization is moving along fast. ZNXT funding proceeds from an accredited investor will be used to build the 150 metric Tons/day capacity CIL Gold processing plant, with an added enhanced copper floatation device. On-site metallurgical laboratory will be set up. A portion of funds will be used to construct a 7 km access road, the... Read more..
Pan American Silver Corp. announced high grade drill results from the newly discovered Morro Solar vein at its Morococha mine in Peru. The Morro Solar vein is located in the Codiciada mining zone, approximately 1.7 km north west of the Central shaft. Access to the uppermost part of the vein is from a small surface ramp, but the main part of the vein will be accessed by the new Sierra Nevada ramp which... Read more..
PERSHIMCO RESOURCES INC. announce the closing of the first tranche of a non brokered flow-through private placement for a total of C$ 250,000 to a number of individual investors for a subscription price of C$ 1,000 per unit, that is C$ 0,25 per common shares, subject to the final approval of the TSX Venture Exchange and of any other securities authority. Each unit will consist of 3,200 flow-through... Read more..
Endeavour Silver Corp. announces that the Company’s silver production jumped as forecast in the Third Quarter, 2008, totalling 625,924 oz silver, up 21% over Q2, 2008. Gold production also rose in the 3rd Quarter, up 40% to 2,465 oz compared to Q2, 2008, resulting in silver equivalent production totalling 810,799 oz in Q3, 2008 (using a 75:1 silver:gold ratio). In response to the recent sell-off... Read more..
AQUILA RESOURCES INC. release assays from the final 13 drill holes targeting the Pinwheel Zone expansion at the Back Forty Project in Michigan’s Upper Peninsula. This drilling has successfully extended this zone 540 meters along strike. Significant intercepts include: - 3.5 meters (m) 9.4 grams/tonne (g/t) gold and 79.8 g/t silver in LK-312PE - 1.8 m 2.1 g/t gold, 1,308.7 g/t silver and 1.3%... Read more..
Klondex Mines Ltd. reported new high-grade intercepts and the extension of two vein zones resulting from its Phase 7 drilling program at its 100%-owned Fire Creek gold property in the Battle Mountain-Eureka Trend in Northern Nevada. Klondex has completed 17 drill holes, totaling 25,652 feet, since its last update. Highlights include: * the extension of the Main South Zone another 325 feet; ... Read more..