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Golden Phoenix Minerals to Earn 80% Interest in Coyote Fault Property

Golden Phoenix Minerals, Inc. (OTC Bulletin Board: GPXM) has announced that Phase-I geologic mapping and sampling of its Coyote Fault Gold and Silver Project is scheduled to begin next week.

From Golden Phoenix Minerals, Inc 25 Oct 2010

First Gold Exploration Announces Drilling Results from Lac Pivert Project

First Gold Exploration Inc. (TSX VENTURE:EFG)(FRANKFURT:F12) has reported the most recent drill results for the Lac Pivert/Rose project.

25 Oct 2010

Grande Portage Resources Reports Preliminary Drilling Results from Herbert Glacier Prospect

Grande Portage Resources Ltd. (TSX-V GPG) has announced initial results from its program of detailed geologic studies and diamond core drilling at the Herbert Glacier prospect north of Juneau, Alaska.

From Grande Portage Resources Ltd 25 Oct 2010

Golden Phoenix Minerals to Use Scorpio Financing Proceeds for Mineral Ridge Project

Golden Phoenix Minerals, Inc. (the "Company") (OTC Bulletin Board: GPXM) has announced that its joint venture partner on the Mineral Ridge property, Scorpio Gold Corp., through its parent company, Scorpio Gold Corp., closed a debt financing transaction for up to an aggregate principal amount of $12 million, with the use of proceeds from the Scorpio Financing being designated to finance the Mineral Ridge project.

From Golden Phoenix Minerals, Inc 25 Oct 2010

Mountain Lake Resources Buys Glover Island Gold Property in Newfoundland

Mountain Lake Resources Inc. (TSX-V: MOA) has reported completion of the acquisition of an undivided 100% interest in the Glover Island Property from New Island Resources Inc.

From Marathon Gold Corporation 25 Oct 2010

New Dimension Resources Identifies Significant Gold Values at Cenepa Gold Project

New Dimension Resources Ltd. (TSX VENTURE:NDR) has reported that the prospecting program recently completed by Minera NDR Peru on its Cenepa concessions, has returned positive gold values from stream sediment sampling.

From New Dimension Resources Ltd. 25 Oct 2010

Platinex and Creso Announce JV in Shining Tree Gold Area

Platinex Inc. (TSX VENTURE:PTX) and Creso Exploration Inc. (TSX VENTURE:CXT) (FRANKFURT:C3X) announced today that they have entered into an agreement to combine claim holdings along the Larder Lake Break into a 50/50 joint venture in the Shining Tree gold area of Ontario.

From Platinex Inc. 25 Oct 2010

Almaden Minerals Starts Sampling Program at BP Project in Nevada

Almaden Minerals Ltd. (TSX:AMM)(NYSE Amex:AAU) has reported that a surface geologic mapping and rock sampling program has commenced on its wholly owned BP project located in Elko and Eureka Counties, Nevada.

From Almaden Minerals Ltd. 25 Oct 2010

Alhambra Resources Commences Drilling at North Balusty Project

Alhambra Resources Ltd. (TSX VENTURE:ALH)(PINK SHEETS:AHBRF)(FRANKFURT:A4Y) has announced that it has begun its fall drilling program on its 100% owned North Balusty Project Area.

From Alhambra Resources Ltd. 25 Oct 2010

Virginia Looks at Resuming Uranium Mining

With the demand for uranium increasing worldwide Virginia is considering the implications of lifting a 1982 ban on uranium mining in the state.

By Dr. Cameron Chai 25 Oct 2010

Zimbabwe Makes Diamond Deal with India

Surat Rough Diamond Sourcing India Ltd (SRDSIL) and representatives of Zimbabwe Diamond Consortium (ZDC) have signed a $1.2 billion deal in Harare.

By Dr. Cameron Chai 25 Oct 2010

Tom Albanese Confident on Mining Tax Resolution

Tom Albanese Chief Executive Officer of Rio Tinto said that the company was confident that the Australian mine tax issue would be resolved soon. He expects the government's transition committee to put the finishing touches to the proposed mining tax and work through any remaining disagreements.

From Rio Tinto plc 25 Oct 2010

Equinox Minerals Likely to Acquire Citadel Resource Group

Equinox Minerals Ltd (ASX:EQN) has agreed to buy Citadel Resource Group Ltd (ASX:CGG) for Australian $1.2 billion in cash and shares.

From Equinox Minerals Limited 25 Oct 2010

Santos to Supply Natural Gas To Gladstone LNG

Santos Ltd has signed an agreement to supply conventional natural gas from its interests in the Cooper Basin to its proposed joint venture in Queensland, the Gladstone Liquefied Natural Gas (GLNG) plant. The joint venture is owned by Santos, Petronas from Malaysia and Total from France.

From Santos Ltd. 25 Oct 2010

Red Pine Exploration Reports Drilling Results from SaraCourt Property in Timmins

Red Pine Exploration Inc. (TSX VENTURE:RPX) has announced the assay results from its just completed initial drill program on the Michelle zone, one of multiple gold-bearing zones identified to date on the SaraCourt Property, located in the Swayze Greenstone Belt, 68 kilometres southwest of Timmins.

From Red Pine Exploration Inc. 25 Oct 2010