Lithium One Inc. (TSX VENTURE:LI), has reported that it has signed a Memorandum of Understanding ("MOU") with Galaxy Resources Limited (ASX:GXY) of Australia, under which Galaxy can acquire up to 70% of the James Bay lithium pegmatite project in Quebec through an earn-in and joint venture agreement. Subject to the necessary approvals, the Company expects to close this transaction with a Definitive Agreement before Dec 24, 2010.
Prospector Shawn Ryan will receive the Bill Dennis Award for prospecting success, the Prospectors and Developers Association of Canada (PDAC) announced today. Ryan is one of six awards winners to be honoured at an awards evening on Monday, March 7, 2011, in Toronto during the association's annual international convention (March 6-9).
Fieldglass, Inc., the leading technology provider to procure and manage contingent labor and services, today announced Rio Tinto (NYSE: RIO), a leading international mining company, is live on its award-winning services ...
Barkerville Gold Mines Ltd. (TSX VENTURE:BGM)(FRANKFURT:IWUB) announces that it has entered into a Project Agreement with the Lhtako Dene Nation (Red Bluff Indian Band) ("Lhtako") of Quesnel, British Columbia. The parties will mutually benefit in the development of Barkerville's 100 percent-owned Bonanza Ledge Property located in the Cariboo Mining District of British Columbia.
Papua New Guinea (PNG) hopes to build its own gold refinery which would be operated in a joint public and private partnership.
The two large Australian mining companies BHP Billiton and Rio Tinto are unhappy about the changes being written into the mining tax post-election. This was made evident to the Senate select committee that is investigating the proposed Minerals Resource Rent Tax (MRRT) in Melbourne.
To fund a mine expansion the Australian company Fortescue Metals Group Ltd is planning a $800 million bond sale. The money from the funds raised will be used for infrastructure expansions of the company's operations in the Pilbara region of Western Australia.
REC Minerals Corp. (TSX VENTURE:REC) has announced that it has entered into a contract with Geotech Ltd. to carry out a VTEM (helicopter-borne versatile time-domain electromagnetic) geophysical survey over its recently acquired 10,240 acre Borden Lake South gold property.
Visible Gold Mines Inc. (VGD:TSXV and 3V4:Frankfurt) has announced than the company has mobilized a drill rig to its Silidor gold project located in the Rouyn township Province of Quebec.
Aultra Gold, Inc. (OTCBB:AGDI), operating internationally as Shamika2Gold, Inc., has entered into a definitive agreement with Shamika Resources to acquire 5 gold exploration permits in the Democratic Republic of the Congo for a total consideration consisting of 15 million shares of Aultra Gold, a $ 500,000 promissory note and a 2.5% net smelter return on exploration licenses PR-10190, PR- 10192, PR- 10185, PR- 8708 and PR- 3619 covering a total of 830 km2.
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