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Solid Resources Commences Drilling at Doade-Presqueira Property

Solid Resources Ltd. (TSX Venture: SRW; Frankfurt: YRS) announced today that the company has commenced its 2011 Drill Program on its Doade-Presqueira property located in Northwestern Spain, 25 km east of the port city of Pontevedra.

From Solid Resources Ltd. 12 Jan 2011

American Paramount Gold Announces Completion of Geophysical Survey Data Collection at Capgold Epithermal Project

American Paramount Gold Corp. (OTCBB:APGA) has reported the CSAMT geophysical survey data collection phase of the survey at the Company's Capgold epithermal gold & silver project is complete.

11 Jan 2011

Cornerstone Capital Resources to Commence Drilling at Gama Prospect in Ecuador

Cornerstone Capital Resources Inc. (TSX VENTURE:CGP) (FRANKFURT:GWN) (BERLIN:GWN) (PINK SHEETS:CTNXF) announced today that it has concluded a Definitive Agreement with its joint venture partner that will allow diamond drilling to commence immediately on the Gama Prospect, located in the NW portion of the Company's flagship Shyri Gold-Copper Project in southern Ecuador.

11 Jan 2011

Shipping Freight Rates Decline on Over Supply

The freight rates for shipping lines are dropping despite record rise in commodity prices. Leasing costs for capesizes, 1000-foot-plus ships, which haul iron ore and coal may go down 34% to their lowest prices since 2002 in the present year as per a survey conducted by Bloomberg.

11 Jan 2011

Queensland Miners Resort to Force Majeure

The floods in Queensland are affecting its mining sector adversely. Projects worth $2 billion are facing delays and additional costs as the floods cause work disruptions in many mines across the state. Many mines have had to cease production on a temporary basis or shut down completely due to the heavy rains.

11 Jan 2011

Rio Tinto Pursues Riversdale Mining

Rio Tinto is submitting a bidder’s statement in relation to an Australian $16 a share off-market takeover bid for Riversdale Mining. On Monday Rio Tinto lodged the statement with the Australian Securities and Investments Commission. A copy was also sent to Riversdale Mining.

From Riversdale Mining Limited 11 Jan 2011

Nunavut Extends Offer for Baffinland

Nunavut Iron Ore has taken yet another step in the bidding war against ArcelorMittal for Baffinland Iron Mines. It has raised its offer to Canadian $1.45 in cash per share in addition to one exchange right per common share.

From Baffinland Iron Mines Corporation 11 Jan 2011

HudBay Looks to Acquire Norsemont

HudBay, a Canadian base metals miner, has made a friendly deal to take over explorer and development company Norsemont.

From Norsemont Mining Inc. 11 Jan 2011

Taseko Mines Completes Core Drilling Program at Aley Niobium Project in British Columbia

Taseko Mines Limited (TSX: TKO; NYSE Amex: TGB) announces that its 2010 core drilling program completed at its wholly-owned Aley Niobium Project located near Mackenzie, British Columbia has been highly successful. Assay results indicate strong potential for development of a major niobium deposit and mine operation.

From Taseko Mines Limited 11 Jan 2011

Pretium Resources Posts Drilling Assay Data from Snowfield and Brucejack Projects in its Website

Pretium Resources Inc. (TSX:PVG) has reported that, with the completion of the acquisition on December 21, 2010 of the Snowfield project and Brucejack project from Silver Standard Resources Inc., all drill hole interval assay data from the drilling completed on the Projects from 2006 to 2010 have been posted to Pretivm's website.

11 Jan 2011