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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BacTech Partners With University of Toronto Researchers to Advance Its Bioleaching Technology

BacTech Mining Corporation announce that is has begun working with University of Toronto researchers, Dr. Grant Ferris and Dr. Chris Kennedy. Dr. Ferris, a Professor in the University’s Department of Geology, is also the Director of the Microbial Geochemistry Laboratory (”MGL”), with... Read more..

Apollo Gold Closes US$15 Million Bridge Financing Facility for the Black Fox Project

Apollo Gold Corporation announce that it has closed a US$15 million bridge financing facility relating to its 100% owned Black Fox Project located near Timmins, Ontario, Canada. Financing In May 2008 Apollo retained Macquarie Bank Ltd. (“Macquarie Bank”) and RMB Resources Inc. (“RMB”) as joint... Read more..

IAMGOLD and Orezone Announce Business Combination

IAMGOLD Corporation and Orezone Resources Inc. jointly announced that they have entered into a definitive arrangement agreement whereby IAMGOLD would acquire, via a plan of arrangement, all of the outstanding common shares of Orezone in a supported, all-share transaction. Total consideration is valued... Read more..

Apollo Gold Update Development Activities and Financing of the Black Fox Mine

Apollo Gold Corporation provide an update on the financing of and status of project development related to its 100% owned Black Fox Project located near Timmins, Ontario, Canada. Financing In May 2008 Apollo retained Macquarie Bank Ltd. (“Macquarie”) and RMB Resources Inc. (“RMB”) as joint arrangers... Read more..

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Apex Silver Announces Letter of Intent for Sale of San Cristobal Mine to Sumitomo

Apex Silver Mines Limited announced that it has entered into a non-binding letter of intent with Sumitomo Corporation providing for the sale of Apex Silver’s interest in the San Cristóbal mine to Sumitomo for a cash purchase price of $22.5 million. Apex Silver would continue to manage the mine... Read more..

Maya Gold & Silver Inc.: Guy Goulet Nomination as President

Maya Gold & Silver Inc. announce Guy Goulet nomination as President of the company. In 1986, Guy Goulet graduated with an engineering degree in geology from l’Ecole Polytechnique de Montreal. Mr. Goulet has sat on several boards of directors for both public and private companies over the past... Read more..

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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..

Augusta Announces Corporate Initiatives-Retains TD Securities as Advisor

Augusta Resource Corporation announces that it has received significant strategic interest regarding the Company’s 100% owned Rosemont Copper/Molybdenum project in southern Arizona. As such, the Company has retained TD Securities Inc. as its financial advisor to assist in assessing the various... Read more..

Drilling Returns 106m at 2.3g/t Gold at Lydian’s Amulsar Discovery in Armenia

Lydian International Ltd., a diversified U.K. mineral exploration and development company, announced results from further drilling at its Amulsar gold discovery in Armenia. Results from a further 19 combined diamond and reverse circulation drill holes from the Tigranes area have been returned (Table... Read more..