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Tragedy at Chilean Copper Mine

The brilliant rescue of 33 miners in Chile made headlines just a few weeks ago, but mine workers were not quite as lucky at the San Esteban Mining Company’s copper mine Los Reyes in Chile. Located in the same region a few kilometres away the mine lost two workers in an explosion and subsequent cave in.

10 Nov 2010

African Metals Updates on Exploration at Luisha South and Kalande Projects

African Metals Corporation (TSX VENTURE:AFR)(FRANKFURT:OWW) has provided an exploration update on its on drilling activities at its projects in the Democratic Republic of the Congo.

8 Nov 2010

Prophecy Resource Announces Sampling Results from Wellgreen Project, Yukon

Prophecy Resource Corp. (TSX VENTURE:PCY)(OTCQX:PRPCF)(FRANKFURT:1P2) reports results from extensive underground sampling program from its 100% owned Wellgreen Project located in the Yukon, Canada.

From Prophecy Resource Corp. 4 Nov 2010

Stratabound Minerals Announces Additional Drilling Results from Captain Copper-Cobalt Project

Stratabound Minerals Corp. has reported additional drill results from its 100%-owned Captain copper-cobalt deposit, located within the infrastructure-rich Bathurst mining camp of northern New Brunswick.

From Stratabound Minerals Corp. 3 Nov 2010

AXMIN Regains Control Over Mavita Copper-Nickel-Cobalt Project Licenses

AXMIN Inc. (TSX VENTURE:AXM) announces that it has regained control of its Mavita Copper-Nickel-Cobalt Project in Mozambique following the withdrawal of Rio Tinto Minerals Development Limited, a wholly owned subsidiary of Rio Tinto Plc (LSE:RIO) from a joint venture over these permits.

From AXMIN Inc. 1 Nov 2010

Athabasca Uranium Signs Option Agreement for McGregor Lake Property

Athabasca Uranium Inc. has announced that it has entered into an agreement with an arm's-length vendor by which the Company has the option to earn a 100% interest in the McGregor Lake Property in northeast Saskatchewan.

22 Oct 2010

Benton Resources Announces Assay Results from Kingurutik Nickel Project

Benton Resources Corp. (TSX VENTURE:BTC) has announced the Company has received assay results from the recently completed drill program on the Kingurutik Lake Nickel project located approximately 60 kilometers north of the world class Voisey's Bay nickel-copper-cobalt deposit.

From Benton Resources Corp. 20 Oct 2010

Westgold Shows Positive Scoping Study for Rover 1

Westgold has completed a scoping study on its maiden JORC compliant 1.0M gold equivalent ounce resource at Rover 1 as a preliminary assessment of its commercial viability and to determine the requirements for detailed feasibility study estimates.

From Westgold Resources Limited 12 Oct 2010

Cudeco Raises $20 Million via Sophisticated Global Investor

Cudeco (ASX:CDU) has picked up $20 million to ease market volatility via an institutional investor. The company has issued 10 million new shares at the rate of $2 each to the investor. The announcement made Cudeco shares rise by 12 cents, closing the week out at $2.15 per share.

From CuDECO Ltd. 24 Sep 2010

Medusa Mining Profits Up as Gold Production Increases

Medusa Mining has reported its full year net profit at a record 131% up at $65.8 million. The Philippines mine operator has seen its revenue increase by 121% to $94.6 million thanks to the increased production and higher sale price for gold. The production boost at its flagship Co-O mine has contributed in a large way to its financial records.

From Medusa Mining Limited 1 Sep 2010