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Mining Merger to Exploit Gold Reserves in West Africa

It was announced that the Toronto listed Endeavour Mining and Australia based Adamus Resources were to enter a merger to form a new West Africa focused gold producing mining company. They signed a definitive Merger Implementation Agreement that will see an all stock merger of equals.

25 Aug 2011

Puma Exploration Announces Initial Results from Nicholas-Denys Silver Project

Puma Exploration has proclaimed the initial exploration results from its summer drilling campaign at the Nicholas-Denys silver project in New Brunswick.

From Puma Exploration Inc. 25 Aug 2011

Crowne Ventures Inks Letter of Intent to Explore Gallo De Oro Property

Mr. Dane Peterson, World Investments of Mexico’s President, has inked a letter of intent with Crowne Ventures for additional exploration and production at its Gallo de Oro property, which is situated in Nayarit’s Tecuala area, Mexico.

25 Aug 2011

Firebird Resources Reports Preliminary Drilling Results from Buzzard Project

Firebird Resources has reported the primary drilling results from its current program at the Buzzard project in South Carolina. The company obtained the drill results of the initial hole from a 2000 m drill campaign.

25 Aug 2011

Shares in Perseus Mining Climb Following First Gold Pour

Perseus Mining is an Australian company focused on West African gold resources. Shares in the company went up as it announced its first pouring of gold from the Central Ashanti Gold Project in Ghana.

From Perseus Mining Limited 24 Aug 2011

Venezuela Nationalizes Gold Mining Industry

Hugo Chavez has signed the law that makes the nationalization of the country’s gold mining industry legal. The signing took place at a ministerial meeting broadcast by state media. The natural law reserves the exploration and management of gold, as well as the connected activities, to the state.

24 Aug 2011

Lions Gate Metals Begins Phase II Diamond Drilling at Poplar Project

Lions Gate Metal is a junior resource firm based in Canada, which focuses on the acquisition, exploration and development of the advanced and early phase copper projects.

24 Aug 2011

Avocet Mining Shares Jump After Increased Gold Reserves Announced

Avocet Mining has increased its estimates for mineral resources at the Inata gold mine by 59%. The gold mining company has previously said that the mine in Burkina Faso has resources of 3.36 million ounces of gold. The announcement pushed up the shares of the company by 10%

From Avocet Mining PLC 23 Aug 2011

SilverCorp metals Acquire High Grade Silver-Gold-Lead-Zinc Mining Assets in China

Canadian company Silvercorp Metals Inc is hoping to buy a 90% stake in two Chinese mining companies through its subsidiary company Henan Found Mining. The buyout will cost Silvercorp Metals $ 10 million. Silvercorp Metals has a 77.5 % stake in Henan Found Mining Company.

From Silvercorp Metals Inc. 23 Aug 2011