Itronics Makes Silver Refining Process Discovery Increasing per Melt Bullion Recovery by 40 Percent

Itronics Inc. reported that its wholly-owned subsidiary, Itronics Metallurgical, Inc., has made a silver refining process discovery that increases per melt bullion recovery by 40 percent and reduces the per ounce silver refining cost proportionately. The Company is now implementing the new process into its refining operation and expects the transition to be completed this month. “The new process... 

Denison Announces NI 43-101 Resource Estimate on Mutanga Project, Zambia

Denison Mines Corp. announce a NI 43-101 resource estimate on its Mutanga project in Zambia. Measured and Indicated resources are estimated at 2.0 and 5.8 million pounds U3O8 respectively and Inferred resources exceed 13 million pounds U3O8. The resource estimate is based on 45,600 metres of development drilling carried out by Denison from late 2007 through to mid-2008. Results of the highly successful... 

Escala Mine Initial Development Nearing Completion

Franklin Mining, Inc. continues to develop the Escala in a joint-venture with Corporación Minera de Bolivia (COMIBOL) and Cooperativa Minera INTI Ltda. Escala Mina I, located in the Sud Lipez Province, San Pablo Canton, Department of Potosi, Bolivia, was established during the Spanish colonial period. Franklin anticipates having commercial operations underway at the end of March 2009. Bringing the... 

Mexivada starts diamond mining at Kono, Sierra Leone; Larger diamond found at Lepandza, ROC Congo

Sierra Leone Projects: Mexivada Mining Corp. (MNV.V) has begun diamond mining near Koidu Town, in the heart of the famous, world class Kono mining district of Sierra Leone. Hundreds of millions of US Dollars worth of diamonds are produced from the district every year, including many fancy-colored stones. Kono is renowned for its high-quality white gem diamonds, but also yields highly attractive green,... 

Olympus Seeks Approval to Continue Toll Treating Phuoc Son High Grade

Olympus Pacific Minerals Inc. announce that the Company has recorded its highest gold production month during December 2008.The initial three-month trucking and toll treatment trial of ore through the Company’s Bong Mieu plant from its second mining operation at Phuoc Son has proved to be successful and recent plant modifications with the treatment of the higher grade Phuoc Son ore resulted in... 

Golden Dawn Amends Assignment Agreements on Kirkland Lake Properties

Golden Dawn Minerals Inc. announced that the Company signed three Amending Assignment Agreements with Michel Caron. , a private Ontario company, on February 6th, 2009. Pursuant to three Amending Assignments the Company will issue an aggregate of 200,000 common shares of the Company, in lieu of the Company’s previous obligation to pay Caron an aggregate of $80,000 in property acquisition payments,... 

Royal Roads regains 100% ownership of its Burtons Pond gold property, Newfoundland

Royal Roads Corp. announce that the Burtons Pond gold property ownership has reverted back 100% to Royal Roads. In December 2004 Buchans River Ltd. entered into a joint venture agreement which would enable Prominex Resource Corp. to earn a 70% interest in the Property by fulfilling certain obligations. Under the terms of the agreement, Prominex was required to make cash payments totaling $35,000,... 

Schnitzer Steel Industries Acquires Puerto Rico Metals Recycler

Schnitzer Steel Industries Inc. announced that it has acquired Ponce Resources Inc., of Salinas, Puerto Rico. Ponce is engaged in the business of collecting, processing, and selling ferrous and nonferrous scrap metal and operates at four locations in the Commonwealth of Puerto Rico. Commenting on the transaction, Don Hamaker, President of Schnitzer’s Metals Recycling Business, said, “We are pleased... 

Mengold Reports on Diamond Drill Program at Goldcreek

Mengold Resources Inc. has compiled all of the results from a 13-hole 2,212m diamond drilling program on the Goldcreek Property conducted in the fall of 2008 as part of a joint venture between Mengold and Solomon Resources Limited. The drill program targeted the I-Zone in the northwest of the Property and provided an initial investigation of the Centre Zone. The I-Zone, where eight holes were drilled,... 

Zaruma Resources reports TSX reviewing Listing

Zaruma Resources Inc., announced that it has been advised by the Toronto Stock Exchange that the TSX is reviewing the eligibility for continued listing on the TSX of the common shares of the Company. It is the Company’s understanding that the TSX is primarily concerned with the Company’s financial condition. At the moment, the Company’s wholly-owned subsidiary, Minerales Libertad,...