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Fortescue Metals Launches $800 Million Bond Sale

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.

From Fortescue Metals Group Ltd 9 Dec 2010

La Mancha Resources Says All Well in Cote d'Ivoire

Montreal-based La Mancha Resources has confirmed that mining activities at their gold mine in the Cote d'Ivoire are running as normal. On Tuesday Newcrest Mining had said that it was suspending operations in the country due to the tensions caused by the disputed elections.

From La Mancha Resources Inc. 9 Dec 2010

Teras Resources Receives First Drilling Results from Cahuilla Gold-Silver Project

Teras Resources Inc. (TSX VENTURE:TRA): Peter Leger, President and Chief Executive Officer of Teras has announced results from the first diamond drill hole completed at the Cahuilla gold-silver project in Imperial County, California.

From Teras Resources Inc. 9 Dec 2010

Sama Resources Encounters Mineralized Potential Area at Samapleu Project

Sama Resources Inc. has announced that drill programs to date have successfully confirmed the mineralized potential within the 446 square kilometre district-scale Samapleau project area including at the main Samapleu nickel, copper and platinum group metals deposit and the subsequently discovered, entirely new, mineralized bodies up to several kms from the Main Samapleu deposit.

9 Dec 2010

U3O8 Corp Encounters High-Grade Mineralization at Berlin Project in Colombia

U3O8 Corp. (TSX VENTURE:UWE) a Canadian-based company focused on exploration and resource expansion of uranium and associated commodities in South America, reports grades of uranium, phosphate, vanadium, yttrium, rhenium, silver and molybdenum intersected in its first drilling of the Berlin Project in Caldas Province, Colombia.

9 Dec 2010

Hathor Exploration Reports Final Chemical Assay Results from Midwest Northeast Property

Hathor Exploration Limited (TSX VENTURE:HAT) has provided the final chemical assays for its 2010 summer drill program on it's Midwest Northeast Property, Athabasca Basin, Saskatchewan.

9 Dec 2010

REC Minerals to Conduct Geophysical Survey at Borden Lake South Gold Property

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.

9 Dec 2010

Stratabound Minerals Updates on Mineral Resource Estimate Results from Captain Deposit

Stratabound Minerals Corp. (TSX.V:SB) has report the results of an updated mineral resource estimate for the company's 100%-owned Captain copper-cobalt deposit located in the Bathurst Mining Camp of northeastern New Brunswick.

From Stratabound Minerals Corp. 9 Dec 2010

US Gold Discovers Three Gold-Bearing Veins at El Gallo Project in Mexico

US GOLD CORPORATION (NYSE:UXG)(TSX:UXG) has announced the discovery of three gold-bearing veins near the company's El Gallo Project in Sinaloa state, Mexico.

From US Gold Corporation 9 Dec 2010

Treasury Metals Starts 20,000 Metre Drilling at Goliath Gold Project in Ontario

Treasury Metals Inc. (TSX:TML) has announced that it has commenced a 20,000 metre diamond drilling program at its wholly-owned Goliath Gold Project located approximately 20 kilometres east of the City of Dryden, Ontario.

From Treasury Metals Inc. 9 Dec 2010

Wildcat Exploration Drills Four Holes at Jeep Gold Project in Manitoba

Wildcat Exploration Ltd. (TSX VENTURE:WEL) has announced that four holes have been drilled on the Jeep Project in the Rice Lake greenstone belt of Manitoba.

9 Dec 2010

Visible Gold Mines Begins Phase I Drilling at Silidor Gold Project in Quebec

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.

From Visible Gold Mines Inc. 9 Dec 2010

Aultra Gold, Shamika Resources Sign Agreement to Buy 5 Gold Exploration Permits

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.

9 Dec 2010

Seafield Resources Continues to Explore at Quinchia Gold Project, Colombia

Seafield Resources Ltd. (TSX VENTURE:SFF) is continuing its exploration program on its 6,757 hectare Quinchia gold project in the Department of Risaralda, Colombia.

9 Dec 2010