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Obama Proposes Hard Rock Mining Royalties

President Obama has submitted a new budget proposal to Congress that will charge royalties to mine some hard rock minerals. The budget proposes that new royalties on silver, gold and copper hard rock mining be levied. Then the states getting paid mineral revenues would need to pay back some of it to manage the costs of handling mineral releases.

16 Feb 2011

Eagle Plains Resources Completes Additional Drill Holes at Iron Range Project

Eagle Plains Resources Ltd. (EPL:TSX-V) and Providence Resources Corp. (TSX-V:PV) have completed 5 additional diamond drill holes since the re-commencement of drilling on the Iron Range project in January 2011, for a total of 15 drill holes and 7,165m of drilling to date.

From Eagle Plains Resources Ltd. 16 Feb 2011

Alexco Resource Receives Core Drilling Results from Flame + Moth Property, Yukon

Alexco Resource Corp. (TSX:AXR)(NYSE Amex:AXU) has announced results from 2010 core drilling at its Flame & Moth property, within the Keno Hill Silver District in Canada's Yukon Territory.

From Alexco Resource Corp. 16 Feb 2011

Colt Resources Announces NI 43-101 Technical Report for Santa Margarida Do Sado Concession

Colt Resources Inc. has announced that it has received an independent NI 43-101 compliant technical report on its large base metals concession, Santa Margarida do Sado, located within the prolific Iberian Pyrite Belt in southern Portugal.

From Colt Resources Inc. 16 Feb 2011

Selwyn Resources Reports In-Fill Drilling Results from XY Central Deposit

Selwyn Resources Ltd. (TSX VENTURE:SWN) has updated investors with the release of assay results from the drilling of the 98/99-lenses of the XY Central deposit at Selwyn Project, Yukon Territory that is being conducted by Selwyn Chihong Mining Ltd., the joint venture company equally owned by Selwyn and Chihong Canada Ltd.

From Selwyn Resources Ltd. 16 Feb 2011

Golden Share Mining Updates on Berens River Property in Canada

Golden Share Mining Corporation (TSX VENTURE:GSH) has provided an update on the Berens River Property in the Red Lake district of Northwestern Ontario, Canada.

From Golden Share Mining Corporation 10 Feb 2011

Acadian Mining to Sell Assets to Selwyn Resources

Acadian Mining Corp has signed a letter of intent with Selwyn Resources Ltd. to sell its zinc and lead assets in Canada. The miner has decided that it wishes to focus on gold exploration only. The sale of the assets will generate Canadian $10 million for the company.

From Selwyn Resources Ltd. 9 Feb 2011

Silvercorp Metals Announces Third Quarter Silver Results

Silvercorp Metals Inc. (TSX:SVM)(NYSE:SVM) today reported its unaudited financial and operating results for the third quarter ended December 31, 2010.

From Silvercorp Metals Inc. 9 Feb 2011

ECU Silver Mining Records Higher Stope Grades at Santa Juana Mine

ECU Silver Mining Inc. (TSX:ECU) has announced some of the results from its current development work, where the Company has again recorded significantly higher grades from active stopes compared to the mineral resource grades calculated for the Company's NI 43-101 resource report, in the same corresponding area.

8 Feb 2011

Asia Now Resources Encounters High-Grade Mineralization at Beiya North

Asia Now Resources Corp. (TSX VENTURE:NOW) has announced that the Company now has 11 rigs drilling at Beiya North adjacent to the open-pit Beiya Gold Mine, the largest gold mine in Yunnan Province of China, whose production capacity has been increased to 200,000 ounces of gold annually.

7 Feb 2011