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Frontline Gold Signs Drilling Agreement for Poly Property

Frontline Gold and Black Hawk Diamond Drilling of Smithers have signed a drilling agreement.

26 Aug 2011

Prophecy Platinum Releases Initial Hole Results from Wellgreen Project

Prophecy Platinum has released the assay results of the initial holes from its 2011 drill campaign at the Wellgreen project. The company has intersected 0.43% NiEq over 472.6 m of mineralization from the surface to the footwall contact in the borehole WS11-184.

24 Aug 2011

Golden Dawn Minerals Receives Drilling Permit for Wild Rose Portion

Golden Dawn Minerals has received its amended drilling permit from the British Columbia Ministry of Energy and Mines for the Wild Rose portion of the Wild Rose-Tam O'Shanter property.

23 Aug 2011

ECU Silver Mining Unveils Upwards Mineralization Continuity at Santa Juana Mine

ECU Silver Mining has exposed the upward continuity of many mineralized layers called the A vein package, through the current underground development. These veins were separately explored at level 17 and are now exploring at the lower 18 and 19 levels.

23 Aug 2011

Diamonds North Resources Begins Exploration Program at Hepburn Project

Diamonds North Resources has commenced the 2011 exploration campaign at the Hepburn property, which is situated in the Northwest Territories.

From Diamonds North Resources Ltd. 19 Aug 2011

Castle Resources Mobilizes Fifth Drill Rig to Granduc Copper Project

Castle Resources is a junior mineral development firm based in Toronto and focuses on advanced and high-quality projects.

19 Aug 2011

Namibia Withdraws Planned Mining Tax Hike

The government of Namibia has withdrawn its proposed mining tax hike. Earlier in the year the Namibian government had announced a proposal to raise the mining tax rate to 44% from its current rate of 37.5 %. The Deputy Finance Minister of Namibia, Calle Schlettwein, said that the proposal had been withdrawn to increase the corporate tax on mining companies.

18 Aug 2011

Nevada Copper Reports Additional Step-Out Drilling Results from Pumpkin Hollow Property

Nevada Copper has reported further encouraging step-out drilling results from the Pumpkin Hollow property in Nevada.

From Nevada Copper Corp. 18 Aug 2011

Empire Resources Intersects High Grade Copper at Yuinmery

Empire Resources has announced high grade copper intersections from its drilling exploration at the A Zone in the Yuinmery copper gold project. The Yuinmery project, located 80 km south west of Sandstone, is one of two projects located in Western Australia that belong to the company. The other is the Wynne project.

From Empire Resources Limited 16 Aug 2011

OZ Minerals Profit Drops 72%

The profits of Australian mining company OZ Minerals (ASX: OZL) have taken a hit this financial year dropping a drastic 72% at the half year point. Net profits at the copper mining company fell to $113.9 million from $405.7 million in the same period last year. The net profit for the calendar year 2010 had been recorded at $586.9 million.

From OZ Minerals Limited 16 Aug 2011