UC Hub Group, Inc. Acquires Mining Assets From Tri-Star Holdings, Inc.

UC Hub Group, Inc. announce the companies have executed a formal asset acquisition and assignment agreement whereby UC Hub Group, Inc. will acquire certain mining assets from Tri-Star Holdings for stock in UC Hub Group, Inc. These mining contracts and assets include those in Arizona referred to as COS... Read more..

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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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Trinity Comes Up With a Large Copper-Gold-Silver Play at its Manarsa Tres Property, Northern Peru

TRINITY MINING HOLDING AG announce that a large 1.5 km by 0.75 km I.P. anomaly, interpreted to be associated with a potential large copper-gold-silver disseminated mineralization, has been detected in a recent geophysical survey conducted on its 600 hectares Manarsa Tres property located in the department... Read more..

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Minera Andes Inc to welcome Lundin Group Mining Executive to Board

Minera Andes Inc has recently reported that the company is to welcome Richard P. Clark, president and CEO of Red Back Mining Inc, a Lundin Group company, of Vancouver, B.C.,and he has joined the board of directors of Minera Andes Inc. His appointment represents an expansion of the board to seven members. “It... Read more..

Pinnacle Mines Ltd. Launches Scoping Review at its Silver Coin Gold Deposit near Stewart, B.C.

Pinnacle Mines Ltd. announce the initiation of a Scoping Review of its majority-owned Silver Coin Gold Project, located in the Stewart Mining Camp of northwestern B.C., Mountain Boy Minerals Ltd. is the Company’s JV partner on Silver Coin. As reported in 2007 by Minefill Services Inc., the Silver... Read more..

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Mexivada starts diamond mining at Kono, Sierra Leone; Larger diamond found at Lepandza, ROC Congo

Sierra Leone Projects: Mexivada Mining Corp. (MNV.V) has begun diamond mining near Koidu Town, in the heart of the famous, world class Kono mining district of Sierra Leone. Hundreds of millions of US Dollars worth of diamonds are produced from the district every year, including many fancy-colored stones.... Read more..

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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..

Stillwater Mining Company Completes Review of Operations: Will Restructure Operations and Reduce Workforce

STILLWATER MINING COMPANY announced immediate plans to restructure its operations and reduce and redeploy portions of its workforce. The move is largely focused on the Company’s East Boulder Mine operations south of Big Timber, although the Company’s Stillwater Mine at Nye, Columbus Metallurgical... Read more..

Matamec Closes a Private Placement With the MineralFields Group

Matamec Explorations Inc. announce the completion of a private placement with the MineralFields Group for gross proceeds of $175,000 consisting of a total of 2,500,000 flow-through units at a price of $0.07 per unit. The private placement closed on October 27, 2008. Each flow-through unit consists of... 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..