Alto Ventures Ltd. is pleased to announce the assay results from three recently completed drill holes testing the Sanders Zone at the East Coldstream Gold Deposit ("Deposit") in Ontario
Acrex Ventures Ltd. ("Acrex") is pleased to announce that diamond drilling will commence this week on its Grizzly-Kellar Lake gold property (the "Property"). Acrex has an option to acquire a 100% interest on the Property (see news release dated May 18, 2010). Acrex has contracted Forages M. Rouillier Drilling Inc. of Amos, Quebec for the completion of up to 500 metres of drilling.
Yukon-Nevada Gold Corp. (Toronto Stock Exchange: YNG; Frankfurt Xetra Exchange: NG6) is pleased to announce additional favorable results from its on-going 2010 drilling program at Ketza River.
Eagle Plains Resources Ltd (TSX-V:EPL) has reported that bedrock sampling on the Yellowjacket Gold Project located near Atlin, BC has returned significant high-grade gold mineralization recently exposed by placer mining activity in an area 700m west of current exploration work. Partial results from sampling have been returned, with additional results pending.
The Directors of Medusa Mining Limited (TSX:MLL)(ASX:MML)(AIM:MML) has advised that at the general meeting of members held this morning the resolution was unanimously passed to amend the Company's Constitution to remove the restriction that dividends can be paid only out of profits of the Company.
Jiminex Inc. is pleased to report that the 100%-owned Misehkow River Property, Pickle Lake gold region, Ontario is now drill-ready. Condor Consulting Inc., Lakewood, Colorado, recognized experts in the field of airborne electromagnetics, were retained to interpret the 2009 VTEM airborne geophysical survey. Their report indicates the presence of 5 gold target zones which are spaced across 30 kilometres of iron formation, a favorable regional gold host rock.
Helio Resource Corp (TSX-V: HRC) is pleased to provide an update on its 100%-owned (through its wholly owned subsidiary, BAFEX Exploration (Pty.) Ltd.) Damara Gold Project ("DGP"), located in Namibia.
Fronteer Gold (TSX:FRG)(NYSE Amex:FRG) reports that drilling has extended a second high-grade gold-silver zone at its 100% owned Northumberland project in Nevada and announces that the contract for the construction of an underground decline has been awarded to J.S. Redpath Corporation.
American Manganese Inc. (TSX VENTURE:AMY)(PINK SHEETS:AMYZF), is reporting that a new NI 43-101 compliant Resource Estimate, which incorporates the results of the 2010 drilling program, shows a substantial increase in the amount of manganese contained in the Artillery Peak Project.
Avion Gold Corporation (TSX VENTURE:AVR)(OTCQX:AVGCF) ("Avion" or the "Company") announces third quarter 2010 production of approximately 23,609 ounces of gold from its Tabakoto/Segala operations in Mali, West Africa.
Mongolian Mining Corp is said to have raised US$651 million (HK$5.05 billion) in its Initial Public Offering (IPO) in Hong Kong. 719.4 million shares were sold in the Ulaanbaatar based mining company at Hong Kong $7.02 per share.
By Joel Scanlon
6 Oct 2010
The employees of the mining company Anglo American are getting cash incentives to settle down in Moranbah QLD Australia.
Golden Chalice Resources Inc. (TSX VENTURE:GCR) has announces drill plans for its wholly-owned Radio Hill Iron-Ore project, the western extension of the Company's Timmins West property.
Queensland Rail has seen enormous investor interest in the planned IPO of freight arm QR National. The Queensland Rail chief Lance Hockridge was addressing a business breakfast in Brisbane when he said that the pre-registration for QR National shares would be closing on Friday.
By Dr. Cameron Chai
5 Oct 2010
A terminated shipping contract has cost Fortescue Metals Group US$ 3.7 million. The iron ore miner had cancelled a five year shipping contract with Armada in January 2009. The Singapore based Armada then brought arbitration proceedings against Fortescue seeking alleged damages worth US$70 million.