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Murgor Resources Seeks Option to Buy 70% Interest in Golden Arrow Gold Mine, Ontario

Murgor Resources Inc. (MGR: TSX-V) has announced that it has entered into a definitive Exploration and Option Agreement with Victoria Gold Mines Limited under which Murgor has the option to acquire up to a 70% interest in the Golden Arrow Gold Mine located 65 kilometres east of Timmins, Ontario, as referred to in Murgor's press releases of November 4, 2010 and January 14, 2011.

From Murgor Resources Inc. 8 Feb 2011

India's Sterlite Industries Completes Acquisition of South African Black Mountain Mining

Sterlite Industries (India) a part of the Vedanta Group has completed the acquisition of the South African Black Mountain Mining Limited.

7 Feb 2011

Marathon Gold Announces $3.5 Million Bought Deal Financing

Marathon Gold Corporation (TSX:MOZ) announces that it has entered into an agreement with a syndicate of underwriters, led by Stonecap Securities Inc. and including Octagon Capital Corporation, whereby the Underwriters have agreed to purchase, on a bought deal basis, 1,945,000 flow-through common shares of the Company at a price of $1.80 per Flow-Through Common Share for gross proceeds of $3,501,000.

7 Feb 2011

Luiri Gold Receives One Year Licence Extension

Luiri Gold Limited (TSX VENTURE:LGL)(ASX:LGM) has announced that the Attorney General of Zambia has informed the Ministry of Mines and Development that it has no objections to them entering into discussions with Luiri in order to find an amicable settlement on the issue of the cancelation of the Mining Licence LML48.

From Luiri Gold Limited 7 Feb 2011

Antioquia Gold Uses Private Placement Funds to Explore Gold Bearings at Guayabito and La Manuela Structures

Antioquia Gold Inc. (TSX VENTURE:AGD) has announced that further to the January 21, 2011 news release it has closed a non-brokered private placement for 19,455,495 common shares of Antioquia at a price of Cdn$0.40 per common share for gross proceeds to Antioquia of Cdn$7,782,198. All of the securities are subject to a four month hold period from the date of closing.

From Antioquia Gold Inc. 7 Feb 2011

Crystallex International Provides Details on Las Cristinas Mine Operating Contract Status

Crystallex International Corporation (TSX:KRY)(NYSE Amex:KRY) announced today that it has received a letter from the Corporacion Venezolana de Guayana that states that the Company's Mine Operating Contract for the Las Cristinas Project in Bolivar State, Venezuela, has been "unilaterally terminated" by the CVG.

From Crystallex International Corporation 7 Feb 2011

American Creek Resources to Use Private Placement Proceedings for Electrum Project in British Columbia

American Creek Resources Ltd. today announced that it will be offering on a non-brokered private placement basis up to 11,500,000 units for gross proceeds of $750,000 if the Offering is fully subscribed.

From American Creek Resources Ltd. 7 Feb 2011

Great Basin Gold Looks to Raise $75 Million for South African Mine

Great Basin Gold Limited is a Vancouver based company that is hunting for funds in Canada to develop its South African gold project. The company needs $75 million capital to move its Burnstone gold mine to full production capacity.

From Great Basin Gold Limited 6 Feb 2011

A Good Year for Xstrata

Swiss mining giant Xstrata has had a good year and its record production figures for last year support that claim. CEO Mick Davis is naturally pleased with the results, with increased production in coking coal, semi-soft coking coal, nickel and refined nickel leading the way. The company also saw increases in mined copper, lead in concentrate and ferrochrome.

6 Feb 2011

Xstrata Acquires Cape Lambert's Share of Lady Loretta

Xstrata has acquired the remaining 25% stake from Cape Lambert Resources in the Lady Loretta lead zinc project for $30 million. The deal sees Xstrata as the 100% owner of the mining resource post approvals which are expected in the coming months.

From Cape Lambert Resources Ltd 6 Feb 2011