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First Gold Exploration to Buy Seven Rare Earth Element Properties in BC

First Gold Exploration Inc. (TSX VENTURE:EFG)(FRANKFURT:F12)(OTCQX:FGEXF) has announced that the Company has signed an agreement with Zimtu Capital Corp., Cathro Resources Corp. and Cazador Resources Ltd. to acquire a 100% interest in seven rare earth element and niobium properties in southeastern British Columbia.

16 Dec 2010

Adventure Gold, Mazorro Resources Sign Option to Earn 70% Interest in 26 Claims of Lapaska Property

Adventure Gold Inc. (TSX VENTURE:AGE) and Mazorro Resources Inc. (TSX-V: MZO; Frankfurt: JAM), has announced that they have signed a letter of agreement pursuant to which Mazorro has acquired an exclusive option to earn up to 70-per-cent interest in 26 claims covering an area of approximately 352 hectares of the Company's Lapaska Gold property in Val d'Or East area, by spending $7.7M in exploration expenditures, issuing 3,000,000 shares of Mazorro, paying $250,000 in cash payment and paying $2,000,000 over the next 6 years.

16 Dec 2010

Augen Gold Seeks Option from Sanatana Diamonds to Acquire Mineral Claims in Ontario

Augen Gold Corp. (TSX VENTURE:GLD) announced today that it has entered into a letter of intent effective December 14, 2010, with Vancouver-based Sanatana Diamonds Inc. (TSX VENTURE:STA) a well-managed emerging resource company, for a proposed Option and Joint Venture Agreement to acquire up to 51% undivided interest in the rights to certain mineral claims in Chester, Yeo, Neville, and Benneweis townships in Ontario.

15 Dec 2010

Montoro Resources Receives Approval for Buying 12 Mineral Claims for Rare Earth Elements

International Montoro Resources Inc. (TSX VENTURE:IMT)(PINK SHEETS:IMTFF)(FRANKFURT:O4T) has received TSX Venture Exchange acceptance of the acquisition of a 100% interest in 12 mineral claims prospective for Rare Earth Elements, in 2 separate claim blocks covering approximately 11,500 acres, located northwest of the "Wicheeda" rare earth element discovery in the new Tacheeda Lake camp and the "Carbo" area of northeastern British Columbia.

From Marvel Discovery Corp. 15 Dec 2010

Ardent Mines and Afrocan Resources Join for Gold Exploration in Tanzania

Ardent Mines Limited (OTC Bulletin Board: ADNT) announces signing of definitive agreement for exploration and exploitation of promising gold property in Tanzania.

15 Dec 2010

Redstar Gold Buys New Gold Project in Nevada

Redstar Gold Corp. (TSX VENTURE:RGC) has announced the acquisition of a new gold project in Nevada. The Long Island project consists of unpatented mining claims, 100% owned by Redstar, about 20 kilometres southeast of the world-class Round Mountain gold deposit.

From Heliostar 15 Dec 2010

Big Red Diamond Enters Agreement to Purchase Kipawa Rare Earth Propertry

Big Red Diamond Corp. (TSX VENTURE:DIA) has announced the signature of an acquisition agreement for a 100% interest in the Kipawa Rare Earth property.

15 Dec 2010

BonTerra Signs Agreement to Buy 57 Claims in Eastern Extension Property in QUEBEC

BonTerra Resources Inc. (TSX VENTURE:BTR)(FRANKFURT:9BR) announces that it has entered into a property acquisition agreement dated December 10, 2010 to acquire 57 claims totaling 912 hectares.

From BonTerra Resources Inc. 15 Dec 2010

Brazil's MMX to Expand Operations with $2.9 Billion Investment

Brazilian mining group MMX Mineracao e Metalicos S.A. (MMX) has decided to invest 5 billion Brazilian Reais (US$2.9 billion) to expand its operations. The company's board has approved the investment in two iron ore mining projects both of which are located in Brazil.

14 Dec 2010

Orbit Garant Drilling Buys Mineral Drilling Company Operating Five Drilling Rigs

Orbit Garant Drilling Inc. (TSX: OGD) today announced the acquisition of Morris Drilling Inc.

14 Dec 2010

Mining Business News

First Gold Exploration to Buy Seven Rare Earth Element Properties in BC

Adventure Gold, Mazorro Resources Sign Option to Earn 70% Interest in 26 Claims of Lapaska Property

Augen Gold Seeks Option from Sanatana Diamonds to Acquire Mineral Claims in Ontario

Montoro Resources Receives Approval for Buying 12 Mineral Claims for Rare Earth Elements

Ardent Mines and Afrocan Resources Join for Gold Exploration in Tanzania

Redstar Gold Buys New Gold Project in Nevada

Big Red Diamond Enters Agreement to Purchase Kipawa Rare Earth Propertry

BonTerra Signs Agreement to Buy 57 Claims in Eastern Extension Property in QUEBEC

Brazil's MMX to Expand Operations with $2.9 Billion Investment

Orbit Garant Drilling Buys Mineral Drilling Company Operating Five Drilling Rigs

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