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Pure Nickel Encounters High Grade Nickel-Copper at Alaska Property

Pure Nickel Inc. (TSX: NIC, OTCBB: PNCKF) has reported results from a successful exploration season at its MAN, Alaska property.

From Pure Nickel Inc 12 Jan 2011

Crazy Horse Resources Receives Drilling Results from Taysan Porphyry Project

Crazy Horse Resources Inc. (TSX VENTURE:CZH) a Philippines based mineral exploration company, announces assays from the sixth hole of a ten-hole confirmatory drilling program on its Taysan copper-gold-silver porphyry project.

12 Jan 2011

BonTerra Resources Reports Final Gold Assays from Eastern Extension Property

BonTerra Resources Inc. (TSX VENTURE:BTR) (FRANKFURT:9BR) has received final gold assays from ALS Chemex for the two drill holes completed before Christmas.

From BonTerra Resources Inc. 12 Jan 2011

Callinan Mines Receives Final Drilling Results from Coles Creek Property

Callinan Mines has received final assays from the drilling conducted this past summer season at their wholly owned Coles Creek property in Northern BC near Smithers.

From Callinex Mines Inc. 11 Jan 2011

Focus Ventures Announces Initial Assay Results from Chucara Gold-Silver Project

Focus Ventures Ltd. (TSX-V: FCV.V) has reported that it has received initial assay results from DDH-CHUC-001, the first hole to be drilled at its Chucara Au-Ag project. The hole is still in progress at the time of writing.

11 Jan 2011

Avino Silver + Gold Mines Reports Further Progress in Bulk Sampling at San Gonzalo Mine, Mexico

Avino Silver & Gold Mines Ltd. (TSX VENTURE:ASM)(OTCBB:ASGMF)(BERLIN:GV6)(FRANKFURT:GV6) has reported on further progress from the bulk sampling program at Avino's San Gonzalo mine 85Km North east of Durango, Mexico.

From Avino Silver & Gold Mines Ltd. 11 Jan 2011

Astral Mining Receives Sampling Results from Los Crestones Property in Mexico

Astral Mining Corporation (TSX VENTURE:AA)(TSX VENTURE:AA.WT)(PINK SHEETS:AAMJF)(FRANKFURT:A7DA) has received analyses from due diligence rock chip sampling over key showings at the 4,168 hectare Los Crestones Property, located within the prolific Sierra Madre gold-silver belt 100 kilometres (km) north of the Sinaloa state capital, Culiacan, Mexico.

11 Jan 2011

Alberta Star Development Announces Phase III Drilling Program at Landrose in Saskatchewan

Alberta Star Development Corp. (TSX VENTURE:ASX)(OTCBB:ASXSF)(FRANKFURT:QLD) has announced that the Company is preparing for a Phase 3 drilling program at Landrose, Saskatchewan in early 2011.

11 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

Avion Gold Reports Drilling Results from Kofi Project in Mali

Avion Gold Corporation (TSX:AVR)(OTCQX:AVGCF) has announced the results from 22 drill holes totaling 4,458 metres completed over the Kofi Project in Q4, 2010.

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.

By Joel Scanlon 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.

By Joel Scanlon 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 Rio Tinto plc 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