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RPT Resources Signs Letter of Intent with ArPetrol

RPT Resources Ltd. (TSX VENTURE:RPT) has announced that, following a period of negotiations, it has entered into a letter of intent dated as of November 19, 2010 which contemplates an arm's length business combination with ArPetrol Inc.

23 Nov 2010

Confederation Minerals Signs Option Agreement with Redstar Gold to Buy Newman Todd Gold Project

Redstar Gold Corp. (TSX VENTURE:RGC) and Confederation Minerals Ltd. (TSX VENTURE:CFM) has announced that Redstar and Confederation have signed an agreement, whereby Confederation can earn an interest in Redstar's Newman Todd gold project in Red Lake, Ontario.

From Heliostar 23 Nov 2010

Rencore Resources Signs Option Agreement to Acquire Lizar Property in Ontario

Rencore Resources Ltd. (CNSX:RNC) has announced that it has entered into an option agreement to acquire a 100% interest in the mineral rights to 447 claim units totalling approximately 7,152 hectares (17,737 acres) in the Kabinakagami portion of the Dayohessarah-Kabinakagami greenstone belt.

23 Nov 2010

Silver Quest Resources to Buy 75 Quartz Mineral Claims in Poker Property

Silver Quest Resources Ltd. (TSX VENTURE:SQI) has announced that it has entered into an option agreement to acquire a 100% interest in 75 quartz mineral claims covering approximately 1,560 hectares known as the Poker Property.

23 Nov 2010

Sola Resource Buys 30% Interest of Amazon Resources

Sola Resource Corp. (TSX VENTURE:SL) (PINK SHEETS:SORSF) reports that it has completed the acquisition of a thirty percent interest of Amazon Resources Limited pursuant to a Share Exchange Agreement.

23 Nov 2010

Urastar Energy Signs Option Agreement to Purchase Jabali Gold Mine Project in Mexico

Urastar Energy Inc. (TSX VENTURE:URS) announces the option to acquire the Jabali Gold Mine Project in Mexico. Jabali is a major gold exploration property, consisting of 70 hectares located in east Sonora in the Sierra Madre Gold Belt.

23 Nov 2010

Iron Mining Group Completes Initial Acquisition of La Serena Iron Sands Mine

Iron Mining Group, Inc. (OTCBB:IRNN), a global iron ore mining and investment company, announced that its wholly-owned subsidiary, Chile Inversiones de Minerales, Ltda. has completed the initial acquisition of 50% of the La Serena Iron Sands Mine with which will automatically increase to 70% upon the repayment of $1,040,000 of pre-existing debts through the sales iron ore from the property.

23 Nov 2010

Gold Hawk Resources Enters Deal with Tetra Tech for Oracle Ridge Copper Mine

Gold Hawk Resources Inc. (TSX VENTURE:GHK) announces the signing of a contract with Tetra Tech, a U.S.-based company with 330 offices worldwide, for environmental baseline studies and environmental permitting for the Oracle Ridge Copper Mine, located in Pima County, Ariz.

23 Nov 2010

Far West Mining Buys 46,000 Hectares at Iron-Oxide-Copper-Gold Belt in Chile

Far West Mining Ltd. (TSX:FWM) has announced the acquisition of 46,000 hectares of prospective ground in the Iron-Oxide-Copper-Gold belt of Chile.

23 Nov 2010

Ken Henry Defends Mining Tax

The Treasury Secretary Ken Henry defended the new mining tax before a Senate committee in Canberra that is investigating the new taxes that the Gillard government has planned. This includes the Minerals Resource Rent Tax (MRRT) which has subsequently evolved into a more complex tax to accommodate specific mining industry requests and government needs.

22 Nov 2010