NovaGold Announces US$60 Million Financing With Electrum Strategic Resources

NovaGold Resources Inc. announced that it has entered into a definitive agreement with Electrum Strategic Resources LLC providing for the sale to Electrum on a private placement basis of 46,153,847 Units for a purchase price of US$1.30 per Unit, for aggregate gross proceeds of US$60 million. Each Unit... Read more..

Tag: electrum strategic resources ceo, gold mining companies offering warrants, gold mining financing, electrum strategic, electrum price

Zaruma Resources reports TSX reviewing Listing

Zaruma Resources Inc., announced that it has been advised by the Toronto Stock Exchange that the TSX is reviewing the eligibility for continued listing on the TSX of the common shares of the Company. It is the Company’s understanding that the TSX is primarily concerned with the Company’s... Read more..

Claude Resources Announces 22,000 meter Underground Drill Program at Madsen, Red Lake

Claude Resources Inc. will continue its underground drill program, targeted at the historic high grade 8 Zone, and concurrently execute its surface exploration program at the Company’s Madsen property located at Red Lake, Ontario. Phase 1 of the underground program, launched from the 10th level... Read more..

Tag: starratt olsen mine, drilling daughter holes, madsen red lake gold mines, zon two meters underground, red lake madsen claims map

Eastmain Resources Inc. Announces Goldcorp to Participate in Future Exploration At Eleonore South Project as a Joint Venture

Eastmain Resources Inc. announced that Les Mines Opinaca Ltee., a wholly-owned subsidiary of Goldcorp Inc., has elected to terminate its right to increase its interest by 6.67% in the Eleonore South project in favour of proceeding with future exploration as a joint venture. Eastmain will continue to... Read more..

Northern Gold Mining Inc. Signs Letter of Intent With ValGold Resources Ltd.

Martin Shefsky, President and CEO of Northern Gold Mining Inc., reports that the company has entered into a letter of Intent with ValGold Resources Ltd. The agreement covers the Garrison gold property, consisting of thirty-five patented claims in Garrison Township, approximately 40 kilometres north of... Read more..

Daleco Resources Corporation Updates Sierra Kaolin Open Pit Clay Mine Project

Gary J. Novinskie, President of Daleco Resources Corporation, announced that Tecumseh Professional Associates, Inc. (Tecumseh), joint venture partner and project manager in conjunction with Daleco’s wholly owned subsidiary, Clean Age Minerals, Inc., has submitted its Environmental Assessment (EA) for... Read more..

Tag: sierra kaolin open pit clay mine project, open pit mining clay

Brazauro Resources Corporation: Amendment to the Expiry Date and the Exercise Price of Warrants

Brazauro Resources Corporation will seek approval from the TSX Venture Exchange to amend the 9,026,666 outstanding share purchase warrants of the Company (the “Warrants”) originally issued pursuant to private placements of Units of the Company. A total of 4,626,666 Warrants originally issued on March... Read more..

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Arianne Resources Inc.: Better Than Expected Results on the Lac a Paul Phosphorous Property

The management of Arianne Resources Inc. report drilling results from the Pau Zone, one of the three mineralized zones of its Lac a Paul phosphorous-titanium property located in Quebec. The drilling campaign on the Pau Zone and Zone 2 was completed November 20, 2008 and drilling on the Man Zone will... Read more..

Melkior Resources: Drilling Extends Timmins Gold Bearing Structures

Melkior Resources Inc. announce additional assay results for 16 diamond drilling on the 100% owned Timmins West Property in Carscallen Township, Timmins, Ontario. Assay results for 41 out of 48 diamond drill holes have now been received. The best intersections from this set of assays were from TW-08-10-35... Read more..

Tag: timmins gold mining area, timmins gold mines, timmins historical mining carscallen, timmins ontario gold mine drilling

Hot Web, Inc. Enters Agreement With Sarissa Resources to Acquire Interest in Shining Tree Property

Hot Web Inc. announced that the Company has entered into an option agreement with Sarissa Resources, Inc. to earn up to a 50% interest in the Claims located in the townships of Asquith and Churchill in the Province of Ontario, generally known as the “Shining Tree Property”. The 50% “earn-in”... Read more..

Tag: scott keevil, jason cooper ceo