AIM Receives Updated Valuation of Kelly Rock Limited Common Shares

Atlantic Industrial Minerals Incorporated announced that in connection with its previously announced agreement to sell its common shares of Kelly Rock Limited to Municipal Capital Incorporated, AIM has received an updated estimate valuation report from Grant Thornton LLP with respect to the value of... Read more..

Mineral Deposits Limited: Sabodala Gold Project-New Reserve Estimate

The new mineable reserve for the Sabodala open pit of 1,484,000 ounces at a 0.65g/t gold cut-off, together with Niakafiri at 145,000 ounces, extends the Sabodala Gold Project to 1.63 million ounces with further opportunities to expand the reserves. The total Sabodala mineable reserve for the mining concession... Read more..

Kalimantan Gold Corporation Limited: Initial Resource Statement for the Mewet Vein at the Jelai Gold Project

Kalimantan Gold Corporation Limited announce the initial resource statement for only one of five main veins identified at the Company’s 100%-owned Jelai gold project in East Kalimantan, Indonesia. The Mewet Vein resource block is based on 23 drill holes and is contained within a 250 metre section... Read more..

Ontex Resources Limited Announces Intention to Undertake Normal Course Issuer Bid

Ontex Resources Limited announced its intention, subject to regulatory approval, to undertake a normal course issuer bid (the “Bid”) through the facilities of the Toronto Stock Exchange (the “TSX”), and purchase up to 4,000,000 of its common shares, representing up to approximately... 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..

Sutor Technology Group Limited Announces Patent Approval For Its Bakeoven Renovation In PPGI Production Line

Sutor Technology Group Limited, a leading provider of steel finishing fabrication products in China, today announced that it has received patent approval for bakeoven renovation in PPGI production line from the State Intellectual Property Office of China. The patent technology is expected to save energy,... Read more..

European Goldfields Limited – Updated Mining Permit for Certej Project

European Goldfields Limited announce further progress of its Certej project in Romania. Technical Feasibility Study now approved and Mining Permit updated The National Agency for Mineral Resources (”NAMR”) has approved the Technical Feasibility Study for the project recognising the quality... Read more..

Nuinsco Resources Limited: Drilling at Berta Project Continues to Impress With Mineralized Intervals

Nuinsco Resources Limited announced that the first drill hole, SD-08-09, of its 2008 exploration program at the Berta copper-gold project in north-eastern Turkey, intersected over 459 metres of continuous copper-gold mineralization starting from only four metres below surface. This significant result... Read more..

Sprott Resource Corp. announces signing of lock-up agreement in connection with proposed takeover of PBS Coals Limited

Sprott Resource Corp. announced that it has signed a lock-up agreement with Severstal Resources, the mining division of OAO Severstal under which it has agreed to tender into a takeover bid to be made by Severstal for all the outstanding shares of PBS Coals Limited, the resulting issuer of the proposed... 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..