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..

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Ironworker Management Progressive Action Cooperative Trust Founders, Joseph Hunt and William Brown, Receive AISC Special Achievement Award

Ironworker Management Progressive Action Cooperative Trust (IMPACT) founders, Joseph J. Hunt and William Brown, will be honored on Thursday, September 11, 2008 at the American Institute of Steel Construction’s (AISC) annual meeting, in Colorado Springs, Colorado, for receiving the AISC Special... Read more..

NovaGold Clarifies Reason for TSX De-listing Review

NovaGold Resources Inc. reminds its shareholders that, as previously disclosed in its press release dated January 2, 2009, the TSX de-listing review was triggered by NovaGold’s reliance on the financial hardship exemption under Section 604(e) of the TSX Company Manual. NovaGold applied to the TSX... Read more..

Ateba Resources Inc. Announces Revocation of Cease Trade Orders

Ateba Resources Inc. (”The Company”) is pleased to announce that effective December 18, 2008, the following cease trade orders previously issued against the Company have all been concurrently revoked by the relevant provincial securities regulators: a) an order issued by the Ontario Securities... Read more..

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Avalon Ventures Ltd.: Summer Drilling Program Produces Best Results to Date From Lake Zone REE Deposit, Thor Lake, NWT

Avalon Ventures Ltd. announce assay results from the final 31 holes drilled in July, August and September, 2008 on the Lake Zone Rare Earth Element (”REE”) deposit on its 100% owned Thor Lake Rare Metals project located near Yellowknife, NWT. These holes were designed to define the southern,... Read more..

Gold Resource Corporation Updates Mineralized Material Estimate for El Aguila Project

Gold Resource Corporation (GRC) announce results from an internal analysis of delineation drilling at its Arista deposit. The Arista deposit is part of GRC’s 100% owned El Aguila Project in Oaxaca, Mexico. Estimates of in-place mineralized material at the Arista deposit, from Arista and Baja veins... Read more..

North American Palladium Announces Temporary Closure of Lac Des Iles Mine Due to Depressed Metal Prices

North American Palladium Ltd. announced that due to declining metal prices it will temporarily place its Lac des Iles Mine (LDI) in Thunder Bay, Ontario on a care and maintenance basis effective October 29, 2008. The closure will result in the layoff of approximately 350 employees. Details for a conference... Read more..

Union Gold Inc.: Grant of Incentive Stock Options

Union Gold Inc., CUSIP number 90669H204, announces that pursuant to the Company’s Rolling Stock Option Plan (approved by the Shareholders on June 6th, 2008) the following options have been granted to the President and Director, Jeffrey J. Becker 400,000, to Maureen L. Friesen, Director 100,000,... Read more..

Gammon Gold Announces Appointment of Senior Vice President of Exploration and Business Development

Gammon Gold Inc. announce the appointment of Mr. Peter Drobeck, as Senior Vice President of Exploration & Business Development. Mr. Peter Drobeck will assume the role of Senior Vice President of Exploration & Business Development effective October 15, 2008. Mr. Drobeck brings with him over... Read more..

Sulphurets Zone Grows at Seabridge Gold’s KSM Project

Results of an off-set drill hole on the Sulphurets zone from this summer’s program at the Kerr-Sulphurets-Mitchell (”KSM”) project confirms the extension of a higher grade breccia zone in the Sulphurets resource area, prompting Seabridge to drill two more off-set holes in this year’s... Read more..