Puget Ventures Inc. Moves Forward with Benton Resources Option in Werner Lake/Rex Lake; Will Not Acquire 1592129 Ontario Inc. At this Time

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... Read more..

Intrepid Mines Limited: Paulsens Mine Life Extension Update

Intrepid Mines Limited wishes to provide the market with an update on the mine life extension of the Paulsens Mine in Western Australia. Published gold ore reserves at January 2008 were 163,000 ounces down to approximately 300 metres from surface. The mineralisation on the main orebody was initially... Read more..

Tag: paulsens diamond drill

Probe Mines Intersects Peridotite on McFauld’s West

The Directors of PROBE MINES LIMITED announced that a total of eight holes have been completed during first-phase drilling on the Company’s 100%-owned McFauld’s West property in the James Bay Lowlands. Ultramafic intrusive rock was intersected in three of the eight holes, and represent three... Read more..

Agnico-Eagle Mines Limited on refinancing transaction with Stornoway Diamond Corporation

Agnico-Eagle Mines Limited has recently said that it purchased 12,222,222 common shares of Stornoway Diamond Corporation (”Stornoway”) at a price of C$0.90 per common share from treasury. Stornoway used the proceeds of the private placement to redeem the C$10 million principal amount of convertible... Read more..

Agnico-Eagle Mines Limited to refinance transaction with Stornoway Diamond Corporation

Agnico-Eagle Mines Limited has recently told the press that the company purchased 12,222,222 common shares of Stornoway Diamond Corporation (”Stornoway”) at a price of C$0.90 per common share from treasury. Stornoway used the proceeds of the private placement to redeem the C$10 million principal... Read more..

Tag: debenture gold mining companies dividend

Intrepid Mines Limited on Porphyry Copper-Gold Intercept in Hole 35 at Tujuh Bukit

Intrepid Mines Limited, an international gold and silver production, development and exploration company, today reports that hole GTD-08-35, from the Tujuh Bukit Project in Indonesia, has intersected extremely encouraging copper-gold assays from the porphyry copper-gold zone previously intersected in... Read more..

Intrepid Mines Limited: Significant Porphyry Copper-Gold Intercept in Hole 35 at Tujuh Bukit

Intrepid Mines Limited, an international gold and silver production, development and exploration company, today reports that hole GTD-08-35, from the Tujuh Bukit Project in Indonesia, has intersected extremely encouraging copper-gold assays from the porphyry copper-gold zone previously intersected in... Read more..

Tag: porphyry copper mines

Young-Shannon Gold Mines, Limited Announces Corporate Name Change to “Metallum Resources Inc.”

Young-Shannon Gold Mines, Limited announces that effective at the opening of trading on the TSX Venture Exchange on July 11, 2008, the Corporation will trade under its new name “Metallum Resources Inc.” under the new symbol “MRV”. The Corporation’s shareholders voted 96.38%... 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..

Continental Nickel Intersects More High Grade Nickel at Three Zones at the Nachingwea Project

Continental Nickel Limited announce additional assay results from drilling on its 70% owned Nachingwea nickel sulphide project in Tanzania. The Nachingwea project is a 70:30 Joint Venture with IMX Resources NL (”IMX”) of Australia. Continental Nickel is conducting a C$7.0 million exploration... Read more..