Sampling from Douglas Lake’s Mbwemkuru project confirms gold and platinum content

Harp Sangha, President/CEO of Douglas Lake Minerals announce the results from the analytical assessment of 5.1 kg of heavy mineral concentrates recovered from 127 samples of gold bearing alluvial material totaling 19.2 tonnes from the Company’s wholly owned Mbwemkuru Alluvial Gold Project located... Read more..

Pacific North West Capital Corp. Options Fiedmont Platinum Group Metals (PGM) Property

Pacific North West Capital Corp. announce that the Company has entered into an Option Agreement with Kinbauri Gold Corp. whereby PFN may earn a 60% interest in Kinbauri’s Fiedmont Property subject to a 2% NSR held by the original vendors; the vendor’s NSR is subject to a one percent, $900,000... Read more..

East West Resource Corporation: Seagull Platinum Property Optioned

East West Resource Corporation and Trillium North Minerals Ltd. have entered into an option agreement with Black Panther Mining Corp. whereby Black Panther has been granted an option to earn an initial 30% interest in the Seagull/Wolf Mountain property located approximately 90 km north-northeast of Thunder... Read more..

Colossus Minerals Appoints Geotechnical Consultancy and Advances Geotechnical Investigations of the Serra Pelada Gold-Platinum-Palladium Project

Colossus Minerals Inc. announce the appointment of Kevin Rosengren and Associates, and GeoTek Solutions to undertake geotechnical investigations of the Serra Pelada gold-platinum-palladium deposit (”Serra Pelada”) and its surrounds. Serra Pelada (Brazil) is a Colossus-COOMIGASP joint venture. The... Read more..

Platinum Underwriters Holdings, Ltd on Financial Results for the Second Quarter and Six Months

Platinum Underwriters Holdings, Ltd, is reported that the company has reported net income of $102.4 million, or $1.82 per diluted common share, for the quarter ended June 30, 2008. The results for the quarter include net premiums earned of $258.0 million, a decrease of 12.8% from the same quarter last... Read more..

Platinum bounces; Gold near 2-week low on weak oil

As it has been reported by the media that Gold dipped on Wednesday as oil extended losses and robbed the metal of some of its appeal as a hedge against inflation, while platinum bounced after falling to its lowest level in more than five months. Gold was also weighed by the U.S. dollar, which held much... Read more..

Platinum falls slowing economy

It has recently reported that Platinum prices fell to a five-month low Friday as a sagging U.S. economy and a push to build smaller cars prompt automakers to buy less of the metal used in catalytic converters. Other commodities traded mostly lower, with crude oil falling slightly and gold, silver, soybeans... Read more..

Diamond Discoveries Reports a New Chromium Discovery on Caribou Property

Diamond Discoveries International Corp., a U.S. company focusing on diamonds, precious and base metal exploration in the Canadian province of Quebec, is pleased to announce that it has received all results from the exploration work completed in the 2008 field season, on their 100% owned Caribou Property... Read more..

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..

Wallbridge Mining and Lonmin Approve $1.5 million for 2009 Sudbury Camp Joint Venture Exploration Program

Wallbridge Mining Company Limited announced that Wallbridge and its joint venture partner major platinum producer Lonmin Plc, have approved C$1.5 million of funding to carry out the 2009 work program on the Wallbridge/Lonmin Sudbury Camp Joint Venture (”SCJV”) properties. The funding provides... Read more..