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 consists of one common share [...]
Nirek Resources Inc. Nirek as of today’s date, after analysis, has amended its offer to reduce the percentage of shares it is seeking to acquire in Century. Nirek is now offering to purchase 18% of the outstanding shares of Century Mining Corporation , a 10% reduction from its original offer. All the other terms of [...]
IAMGOLD Corporation has entered into a definitive Option Agreement to earn a 50% interest in the Siribaya Gold project in Mali, West Africa, which is 100% controlled by Merrex Gold Inc. . IAMGOLD can earn its interest by spending Cdn$10.5 million over four years. As part of the Agreement, IAMGOLD completed a private placement [...]
Gregory Isenor, P.Geo., President and CEO of Merrex Gold Inc. announces that Merrex has closed its Private Placement and Option Agreement with IAMGOLD Corporation for 50% of Merrex’s Siribaya Gold Project in West Mali, Africa.
“We are pleased to have increased our control of Siribaya to 100% and to have closed our agreement with IAMGOLD” said [...]
Shoreham Resources Ltd., a Canadian based exploration company dedicated to the exploration of advanced precious metal and polymetallic deposits in South America and Canada, is pleased to announce that the company has signed a Letter of Intent (”LOI”) with Mulgravian Ventures Corporation (a privately held company) whereby Mulgravian may acquire a 60% working interest in [...]
Harp Sangha, President/CEO of Douglas Lake Minerals announce the results from the analytical assessment of 5.1 kg of heavy mineral concentrates recovered from 127 samples of gold bearing alluvial material totaling 19.2 tonnes from the Company’s wholly owned Mbwemkuru Alluvial Gold Project located in the Lindi region in Southeastern Tanzania.
The objective of this [...]
Beeston Enterprises Ltd. announces that is has delayed its 2008 exploration program planned for the Ruth Lake property near 100 Mile House, British Columbia, Canada into 2009. The property is favourably situated along the Quesnel Trough, a renowned geologic belt that hosts numerous base and precious metal deposits along with current and formerly producing mines. [...]
Fronteer Development Group Inc. announced that it intends to make an offer to acquire all of the outstanding common shares of Aurora Energy Resources Inc. that it does not already own.
Pursuant to the Offer, Aurora shareholders will receive 0.825 of a Fronteer common share for each Common Share. The Offer represents a premium [...]
Alturas Minerals Corp. report that a recently completed ground geophysical survey has defined large, deeply rooted geophysical anomalies beneath strong copper-gold anomalies at its Sombrero project in southern Peru. The induced polarization anomalies form two circular centers beneath strong copper-gold anomalies and oxidized skarns that were reported previously in a press release dated September 4, [...]
Klondex Mines Ltd., a gold exploration company, announced that it is in the process of preparing an NI 43-101-compliant resource update for its 100%-owned Fire Creek high-grade gold property in the Battle Mountain-Eureka Trend in Northern Nevada. The update, which is expected to be filed in the first quarter of 2009, will incorporate the results [...]
