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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Gold Resource Corporation Mobilizing Equipment for Its El Aguila Project; Looks to First Quarter 2009 Start-Up

Gold Resource Corporation (GRC) report it has begun to mobilize equipment to the Mexico border in preparation for clearing customs and ultimate transport to its Aguila mill in the southern state of Oaxaca, Mexico. The El Aguila Project is targeting gold production first quarter 2009, subject to timely... Read more..

Midway Gold Announces Project Updates and Plans for 2009

Midway Gold Corp. announce 2009 work plans will primarily be focused on the Golden Eagle project in Washington and the Midway project in Nevada. Exploration at the Spring Valley project is expected to continue under a proposed earn-in agreement, previously announced (PR October 20, 2008). The Thunder... Read more..

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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..

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..

A Worthless Dollar in 2009 Predicts Expert Kevin DeMeritt, President of Lear Capital

In 2009, investors can look forward to a worthless dollar, according to Kevin DeMeritt, president of Lear Capital. The Fed is going to print more and more money while spending trillions on stimulus packages. Interest rates are at their lowest in history. This will all add up to a worthless dollar with... 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..

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..

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..

Gold Resource Corporation Intercepts 1.1M of 26.89G/T Gold and 1323G/T Silver (2.15 Oz/T Gold Equivalent) Within 3.4M of 36.07G/T (1.16 Oz/T Gold Equivalent) at El Aguila Project

Gold Resource Corporation reports two greater that 2 ounce gold equivalent (AuEq) intercepts including 1 meter of 26.89 g/t gold and 1323 g/t silver (2.15 oz/t AuEq) within 3.4 meters of 36.07 g/t (1.16 oz /tonne) AuEq in a possible third vein at its Arista deposit. The Arista deposit is part of GRC’s... Read more..