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Kingsman Resources to Begin Drilling on Luxor Moly 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.

From Kingsman Resources Inc. 11 Oct 2010

Vantex Resources Announces Hole VPE10-02 Intersects New Gold Structure on Galloway-Pitchvein Showing

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.

11 Oct 2010

Auryx Gold Mobilizes Additional Drill Rigs to Otjikoto Gold Project

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.

11 Oct 2010

Canadian Teachers to Potash Corp's Rescue

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.

From BHP Billiton Plc 11 Oct 2010

Beaconsfield Gold and Bendigo Mining Merger in Doubt

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 Refinances for Expansion

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.

From Fortescue Metals Group Ltd 11 Oct 2010

Zambian Copper Output Returns to 70's Highs

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 Looks to Ramp up Exploration in South America

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.

From Metminco 11 Oct 2010

Gold Fields Announces Closing of US$1 Billion Transaction

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.

From Gold Fields Limited 8 Oct 2010

Geophysical Work Started on Belleterre Mine by Conway Resources

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.

8 Oct 2010

Atlanta Gold Announces Additional Drilling Results from Property in Idaho

Atlanta Gold Inc. (TSX V: ATG) has announced that additional assay results for the first two holes from its ongoing intermediate depth drilling program at its Atlanta property in Idaho, U.S.A. indicate gold mineralization between and below the previously known mineralized zones.

From Atlanta Gold Inc. 8 Oct 2010

Gran Tierra Energy Reveals Initial Results of Moqueta-3 Well, Colombia

Gran Tierra Energy Inc. (NYSE Amex: GTE; TSX: GTE), a company focused on oil and gas exploration and production in South America, today announced preliminary results of the Moqueta-3 delineation well in Colombia and an operations update for Colombia, Peru and Argentina.

8 Oct 2010

Pelangio Exploration Reports New Gold Discovery at Manfo Property, Ghana

Pelangio Exploration Inc. (TSX VENTURE:PX) has announced a third gold discovery at the Manfo Property in Ghana, including further near-surface, high-grade drill results from Pokukrom East.

From Pelangio Exploration Inc. 8 Oct 2010

Norvista Resources Exercises Option on Canasta Dorada Gold Project in Mexico

High Desert Gold Corporation (TSX VENTURE:HDG)(PINK SHEETS:HDGCF) announced today that Norvista Resources Corporation a private Canadian corporation headquartered in Toronto, has exercised the option on the Company's Canasta Dorada gold project located in Sonora, Mexico.

From Gold Rate 8 Oct 2010

TVI Pacific Acquires Rights To Explore Copper-Zinc-Gold Property in Mindanao Island

TVI Pacific Inc. (TSX:TVI)(OTCQX:TVIPF) today announced the acquisition of rights to explore and subsequently acquire a highly prospective Copper-Zinc-Gold Property on the Zamboanga Peninsula, Mindanao Island, Philippines.

From TVI Pacific Inc. 8 Oct 2010