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.... Read more..

Tag: nl mining property, gold mine newfoundland, gold mines newfoundland, gold exploration newfoundland, royal roads mining

MetalCORP and Kennecott Sign Agreement on the GUP Project Located 300km West of Thunder Bay, Ontario, CANADA

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... Read more..

Paragon to Commence Drilling at South Tally Pond Project

Paragon Minerals Corporation provide the results of the Titan 24 geophysical survey completed on its 100%-owned South Tally Pond base metal project located in central Newfoundland. Up to 5,800 metres of diamond drilling is planned at the Lemarchant Prospect to follow-up on targets generated by the Titan... Read more..

Champion Minerals Commences Diamond Drilling to Test New Combined Gravity-Magnetic Anomalies at Gullbridge and Powderhorn Properties in Buchans Mining Camp

CHAMPION MINERALS INC. announce that a diamond drill rig has been mobilized to the Company’s Gullbridge and Powderhorn Base Metals Properties in the Buchans Mining Camp of central Newfoundland. Drilling will consist of a three hole 1,600m program. The planned drill holes are targeting three of... Read more..

Goldstake-Clay, Gold and Diamond, Property Acquisition

Goldstake Explorations Inc. announce that the company has officially earned a 60% interest in the Clay Property from Transpacific Resources Inc. Goldstake earned the majority interest in the Clay Property after incurring exploration expenditures to-date of $1.8 million. Exploration on the property by... Read more..

VenCan Gold Provides Exploration Update on Recently Acquired Properties in Timmins Area

VenCan Gold provide an exploration update on its Mt. Logano gold property and the Costello Property, both in the Timmins area. Mt. Logano Update The Company has recently completed trenching and excavating in a new area of the Mt. Logano Property. This part of the Property has been, up until now, inaccessible... Read more..

Timberline Forms 50/50 Joint Venture At Butte Highlands With SMD, Agrees to Cancel Acquisition of SMD, and Completes $10-Million Debt/Equity Financing to Retire Bridge Loan Facility

Timberline Resources Corporation announced that it and Ron Guill have mutually agreed to cancel the agreement to acquire Small Mine Development, LLC (“SMD”), while simultaneously agreeing to form a 50/50 joint venture with SMD at Timberline’s 100-percent owned, royalty-free Butte Highlands... Read more..

Champion Minerals Outlines Massive Sulphide Potential with New Gravity-Magnetic Anomalies at Gullbridge in Buchans Mining Camp

CHAMPION MINERALS INC. announce the completion of a gravity geophysical survey at the Company’s Gullbridge Base Metals Property in the Buchans Mining Camp, central Newfoundland. Champion has the option to acquire a 51% interest in the Property by paying $30,000, completing $800,000 in exploration... Read more..

Imperial Reports High Grade Intercepts From Three Zones at Mount Polley

Imperial Metals Corporation reports results from the Southeast, Boundary and Northeast (Wight pit) zones from ongoing exploration at its Mount Polley property. Drilling at all three areas has returned intervals of high grade copper-gold mineralization. In the Pond zone area, drill hole PZ08-22 was drilled... Read more..

Metanor Sells 1st Commercial Gold Bar at $1,018CDN/oz

Metanor announce that yesterday morning it sold its first commercial pure gold bar containing 540.69oz at a record price of $1,018CDN/oz. Metanor is presently mining the Barry Open pit and transporting the mill feed to the Bachelor Lake Mill facility which is continuing to operate uninterrupted 7 days/week,... Read more..