High Desert Gold Corporation Provides Update on Shareholder Rights Plan

High Desert Gold Corporation provided an update on shareholder rights plan which was adopted effective October 29, 2008, subject to acceptance by the Toronto Stock Exchange (the “TSX”). As previously announced on November 3, 2008, the Company had been advised that Northern Financial Corporation... Read more..

PDX Resources Advised by Detour Gold of Additional Drill Results From Phase II Program at Detour Lake Project

Detour Gold Corporation report assay results for an additional 35 holes totaling 15,281 metres from its Phase II infill drilling program at the Detour Lake project in northern Ontario. Results continue to indicate additional gold mineralization within and outside the US$700 pit shell (mineral resource... Read more..

Colibri intersects disseminated gold mineralization in reverse circulation and percussion drilling on the Colibri Project, Sonora, Mexico

Colibri Resource Corporation has received assay results from an 11 hole (C08 series) 2,346 meter reverse circulation (RC) drilling program for its Colibri Project, Sonora Mexico. These initial targets were further investigated by an additional 1,161 meters of air-track percussion drilling completed within... Read more..

Premier – Sutter Drilling Expands High Grade Gold Mineralization at Santa Teresa Including 24.40 gpt (0.71 opt) Across 2.0 Metres

PREMIER GOLD MINES LTD release full assay results, including several new values, from the initial 23 holes drilled at the Santa Teresa Concession in Baja California, Mexico. These new results, with intercepts as high as 24.40 grams per tonne (g/t) or 0.71 ounces per ton (opt) gold across 2.0 metres (m),... Read more..

Silverstone Purchases Life of Mine Gold and Silver From Sherwood Copper Corporation’s Minto Mine

Silverstone Resources Corp. announce that it has agreed to acquire 100% of the life-of-mine payable gold and silver production from Sherwood Copper Corporation’s (”Sherwood”) Minto mine located in the Yukon, Canada effective December 1, 2008. With this acquisition, together with Silverstone’s... Read more..

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McGladrey Capital Markets Leads Negotiations as Böhler Uddeholm AG Acquires Summerville Steel Company

Böhler Uddeholm AG has acquired Kent, Wash.-based Summerville Steel Company, a privately-held distributor of specialty steel products. Transaction terms were not disclosed. McGladrey Capital Markets LLC (www.mcgladreycm.com) initiated the transaction, led the negotiations and acted as the exclusive... Read more..

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U.S. Silver Announces Management Changes and Reports a Strategic Review of Operations and a Reduction in the Workforce at the Galena Mine

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... Read more..

Skygold Drilling Underway on the SHG Properties

Skygold Ventures Ltd. announce that a reconnaissance diamond drilling program is underway on the SHG regional properties in British Columbia. Drilling will focus on the Spanish Creek Property (located approximately 90 km southeast of the Company’s flagship Spanish Mountain Property) and the Manson... Read more..

Strait Gold Provides Corporate Update, Reviews Exploration Activity

Strait Gold provide a corporate update and review of its recently completed 2008 exploration activities in Peru. The Company currently has 23.0 million shares issued and outstanding (25.6 million fully diluted), approximately $1.4 million in working capital, current liabilities of less than $70,000 and... Read more..

Houston Lake Mining to Initiate 2000 Metre Drill Program on the Dubenski Gold Property

Houston Lake Mining Inc., an advanced exploration company seeking gold, platinum group and rare metal deposits in Ontario, is pleased to announce that the Company has received quotes for a 2000m (6,560 ft.) diamond drill program. The winning contractor is expected to be chosen by the end of this week.... Read more..