MacDonald Mines Exploration Ltd. (TSX VENTURE:BMK) has announced that it has closed the non-brokered, private placement financing of $3,430,800 with HudBay Minerals Inc. (TSX:HBM) announced on October 6, 2010.
Pan American Goldfields Ltd (OTCBB:"MXOM") has announced that the installation of the ball mill and additional flotation capacity has been completed at the Cieneguita project mill in Chihuahua, Mexico by the Company's partner, Minera Rio Tinto.
Gold Canyon Resources Inc. (TSX VENTURE:GCU)(PINK SHEETS:GDCRF) has announced that it has intercepted 305 meters at 1.03 grams per tonne gold (1,000 feet at 0.030 oz per ton gold) including 174 meters at 1.35 grams per tonne gold (571 feet at 0.039 oz per ton gold) in hole SP10-016 at its 100% controlled Springpole Gold Project, located in the Red Lake Mining District of Ontario, Canada.
USPR, Inc. announced today additional assay results from the 2010 drilling program on the Company's Solidaridad project in the southern Michoacán province of Mexico.
Mr. Renaud Hinse, president and C.E.O. of Abcourt Mines Inc. (TSX VENTURE:ABI)(BERLIN:ABI)(FRANKFURT:ABI) has announced that excellent results have been obtained in surface diamond drilling at the east end of the Elder Gold Property.
Kingsman Resources Inc. (TSX VENTURE:KSM) has announced the start of a diamond drill program on their Luxor Molybdenum Project, located 27 kilometers northeast of Barriere, British Columbia. The diamond drill program should begin on or about October 15th. R.J. Beaupre Drilling Ltd. will carry out the drilling.
The management of Vantex Resources Ltd.(TSX VENTURE:VAX)has announced that Hole VPE10-02 (exploration drill hole) located at about 600 m west the Galloway-Pitchvein showing intersected a new and important unknown gold-bearing structure. This drill hole was targeting a strong magnetic anomaly in this area.
Auryx Gold Corp. (TSX:AYX) has provided the following corporate updates. An additional diamond drill rig and a reverse circulation ("RC") drill rig were mobilized to the Otjikoto Gold Project ("Otjikoto" or the "Project") in mid-September.
After the unsuccessful attempt by a Chinese company to become Potash Corp's saviour from a hostile takeover, some teachers may be able to save it from Australian mining giant BHP Billiton.
Beaconsfield Gold and Bendigo Mining's merger is in doubt after a potential loan default has come to light. In July the companies had agreed to a potential merger which would reduce risks and enhance growth prospects for both companies.
By Joel Scanlon
11 Oct 2010
Fortescue Metals Group (ASX:FMG) has managed to line up a $2.06 billion bank loan facility to help its expansion plans. Shares in the third largest iron ore miner in Australia closed at a high of $6.25, up 7.76% after the announcement on Monday.
Zambian copper shipments are having a good run on the global market with officials expecting exports to reach a four decade peak in the year 2010.
By Dr. Cameron Chai
11 Oct 2010
Metminco Ltd, a mining exploration company with 72.3% stake holding in Hampton Mining Limited is seeking to raise AUD$30 million to accelerate the Los Calatos copper exploration project in Peru.
Gold Fields Limited (JSE, NYSE, NASDAQ Dubai: GFI), last week announced a 10-year, US$1 billion bond offer to international investors. The transaction was successfully completed yesterday.
Conway Resources Inc. (TSX-V: CWY) has announced the start of geophysical work on an unexplored portion of the Belleterre Mine property located west of highway 382. This work will consist of ground magnetometry, Very Low Frequency and Induced Polarization surveys on 31 line-km of grid. The surveys will be conducted by the Quebec City firm Geosig.