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Queensland Mining and Tulla Resources in Funding Deal

The Queensland Mining Corporation Limited has reached an agreement with Tulla Resources Group Pty Ltd for the provision of an Australian $3 million loan facility. The company is focused on exploration and development of gold and copper projects in the Cloncurry region of north west Queensland.

16 Jun 2011

Chalice and Eritrean National Mining Reach Agreement for JV at Zara Project

Eritrean National Mining Corporation has agreed to purchase a 30% stake in the Zara gold project owned by Chalice Gold Mines Ltd for $32 million. The Toronto Stock Exchange listed miner said that the funds would be used for final permitting, financing and development of the Zara project.

From Chalice Gold Mines Limited 16 Jun 2011

Vantex Resources Intercepts Gold at Hendrick Zone

Vantex Resources has intersected 0.6 g/t gold over 72 m in the expansion of hole VPE10-15, in the Hendrick division. The location of this gold zone is between the depth of 933 and 1,005 m and it has also cut 2.6 g/t gold over 7.5 m and 1.4 g/t gold over 18 m.

16 Jun 2011

Willow Creek Enterprises Begins Drilling at Hercules Gold + Silver Property

Willow Creek Enterprises has started drilling at its Hercules gold and silver property that is situated in the Walker Lane Mineral Belt in Nevada.

16 Jun 2011

Nevada Copper Reports Positive Drilling Results from Pumpkin Hollow Property

Nevada Copper has announced additional encouraging results from the ongoing 20,000 m expansion and step-out drilling program at the Pumpkin Hollow property in Nevada.

From Nevada Copper Corp. 16 Jun 2011

Newcastle Minerals Commences Drilling at Chester Project

Newcastle Minerals has begun drilling at its Chester Project, which is situated in northwestern Ontario, Canada.

16 Jun 2011

Tanzania Mining Tax Highly Likely

The Tanzania parliament has approved a five year development plan which includes an Australian inspired super-profit tax for the mining industry. The $27.4 billion development plan hopes to earn revenue from the mineral resources of the nation.

15 Jun 2011

Australian Treasurer Says Resource Boom Will Bring Huge Opportunities

Australian Treasurer Wayne Swan said on Tuesday that the investment needs and demand for capital for the country are set to grow proportionately with the resources boom. For this reason Australia will have huge opportunities for foreign investment. The Treasurer was speaking to the International CEO Forum in Canberra.

15 Jun 2011

Quia Resources Commences Drilling at San Lucas Property

Quia Resources has started drilling at its San Lucas property in Colombia and has reported a ground magnetic survey and a 10 km induced polarization results.

15 Jun 2011

Astra Mining Confirms Frankfurt Exchange Listing

Astra Mining, an Australian diversified mining company, has confirmed its intention to list on the Frankfurt Stock Exchange at an Extraordinary General Meeting held today.

15 Jun 2011