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Augen Gold to Begin Drilling at South Swayze Property

Augen Gold Corp. (TSX VENTURE:GLD) announces that it will drill several deep holes in early January within that portion of the eastern part of its South Swayze Property located near the Cote Lake Gold Deposit.

13 Dec 2010

Tata Steel Looking at Riversdale Mining

Rio Tinto may have serious competition for Riversdale Mining coming from a majority shareholder. It was reported that Tata Steel is currently exploring a joint bid with the state owned NMDC for the company.

From Rio Tinto plc 12 Dec 2010

Sandfire Resources Granted DeGrussa Mining Lease

Sandfire Resources (ASX:SFR) hopes to begin underground mining at its flagship DeGrussa project in the coming year.

From Sandfire Resources NL 12 Dec 2010

FerrAus Still Optimistic on Haulage Deal with BHP

FerrAus is hoping to still manage to negotiate a haulage deal with BHP Billiton. The junior iron ore mining company said that its talks with the mining giant have not broken down. The company said that reports that claimed this were incorrect in a number of respects.

From BHP Billiton Plc 12 Dec 2010

Martin Ferguson: Government Has Not Reneged On Any Royalty Deal

Resources Minister Martin Ferguson said that the Australian federal government was not responsible for the latest mining tax row.

From BHP Billiton Plc 12 Dec 2010

South Africa Sets Up State Owned Mining Company

The African National Congress (ANC) demanded a state owned mining company way back in 2007 at its Polokwane conference. Now President Jacob Zuma has announced that the African Exploration Mining and Financing Corporation will become a full fledged state owned mining company.

By Dr. Cameron Chai 12 Dec 2010

Lundin Mining Suspends Operations at Aguablanca Mine in Spain

Mining operations are being curtailed by Lundin Mining Corp at its Aguablanca Mine in Spain due to very heavy rains.

From Lundin Mining Corporation 12 Dec 2010

Lawsuit Filed Against Coal Mine Near Bryce Canyon National Park

A lawsuit has been filed in the Utah Supreme Court by environmentalists to stop the development of a coal mine near the Bryce Canyon National Park.

By Joel Scanlon 12 Dec 2010

Galaxy Resources to Acquire James Bay Project from Lithium One

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.

From ALLKEM LIMITED 10 Dec 2010

ION Geophysical Starts 3D Multi-Client Seismic Survey in Marcellus Shale, Pennsylvania

ION Geophysical Corporation (NYSE: IO) today announced the commencement of a new 3D multi-client seismic survey in the Marcellus shale play in central Pennsylvania. ION will manage and execute the entire program, p...

10 Dec 2010

Gold Canyon Intersects 2.30 G/T Gold at 132 M in Springpole Gold Project

Gold Canyon Resources Inc. (TSX VENTURE:GCU)(PINK SHEETS:GDCRF) has announced that hole SP10-029 has intersected 132 meters at 2.30 grams per tonne gold including 42 meters at 5.28 grams per tonne gold. Another hole, SP10-028, intersected 108 meters at 1.75 grams per tonne gold including 12 meters at 6.11 grams per tonne gold.

10 Dec 2010

Canaco Resources Announces Additional Drilling Results from Magambazi Gold Discovery, Tanzania

Canaco Resources Inc. (TSX VENTURE:CAN) has announced additional new drill results from the Company's Magambazi gold discovery located in the Handeni region of the United Republic of Tanzania.

10 Dec 2010

Big Red Diamond Announces Completion of Sampling at J6L1 Rare Earth Metals Project

Big Red Diamond Corp (TSX VENTURE:DIA) would like to notify its shareholders that it has been advised by its joint venture partner on the J6L1 Rare Earth Metals project, Arctic Star Diamond Corp. (TSXV: ADD), that the sampling and prospecting program commenced in early November has been completed. We are currently awaiting assay results.

10 Dec 2010

Astral Mining Seeks Acquisition of Los Crestones Property in Culiacan

Astral Mining Corporation has announced the signing of a Letter of Intent whereby Astral can acquire an undivided 100% interest in three (3) mineral exploitation claims covering approximately 4,196 hectares, collectively known as the Los Crestones Property, located within the prolific Sierra Madre gold-silver belt, 100km north of the Sinaloa state capital, Culiacan.

10 Dec 2010

Prospectors and Developers Association of Canada Announces Award Winners for 2011

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).

10 Dec 2010