BreitBurn Energy Partners L.P. announced today that it has completed the acquisition of oil properties located in Park County in the Big Horn Basin of Wyoming for approximately $93 million from Legacy Energy, Inc., a wholly-owned subsidiary of NiMin Energy Corp, subject to post-closing adjustments. The acquisition was originally announced on April 25, 2012.
An exploration team from Blind Creek Resources has been mobilized to Table Mountain project, located in Atlin Mining Division, Northwest British Columbia, in order to follow-up a poly-metallic dispersion geochemical soil model that features silver and gold near the popular Nahlin Fault Zone.
By G.P. Thomas
29 Jun 2012
Black Iron has reported further assay results from the definition and exploration (DE) diamond drilling carried out at its Shymanivske iron ore project located in Ukraine.
By G.P. Thomas
29 Jun 2012
Victory Resources Corp. is pleased to announce that it has entered into an agreement with GEM Global Yield Fund Limited ("GEM") for a $5.0 million CDN financing commitment. Funds raised through this facility will be used for the ongoing drill program and the subsequent engineering work to bring the Reforma mine to feasibility. Funds will also be used for the development of the Company's recently optioned Boleo property in Mexico, the Toni property located near Merritt, B.C., as well as general working capital.
Baby All Corp. On May 17, 2012, as previously announced, Baby All Corp., a Delaware corporation, changed its name to Santa Fe Petroleum, Inc. ("Santa Fe") with the Secretary of State of the State of Delaware. The name change reflects Santa Fe's business strategy and sole focus of acquisition, exploration, production and development of oil and gas properties. Santa Fe Petroleum will now begin preparing properties for drilling.
Dutch Gold Resources, Inc. is pleased to announce that it has reached a definitive joint venture agreement with its partner in Nicaragua. The Company also announced that it has completed the ore extraction and collection of its previously announced bulk sampling program.
Amarc Resources Ltd. announces that field evaluation of five extensive, sulphide mineralized systems defined in 2011 by Induced Polarization (IP) ground geophysical surveys has commenced at its 100%-owned Galileo Project, located in south-central British Columbia (BC). The approximately 990 square kilometre Galileo property lies 16 kilometres west of New Gold's seven million ounce-plus bulk tonnage gold discovery at Blackwater and proximal to the notable gold-silver deposits at Capoose and 3Ts.
Mahdia Gold has declared that two further diamond drill rigs has been mobilized in order to complete 6500 m of twin and confirmatory drill program along the Wenot Trend, located in Guyana.
By G.P. Thomas
28 Jun 2012
Victory Resources Corp. is pleased to announce that it has entered into an agreement with GEM Global Yield Fund Limited ("GEM") for a $5.0 million CDN financing commitment. Funds raised through this facility will be used for the ongoing drill program and the subsequent engineering work to bring theReforma mine to feasibility. Funds will also be used for the development of the Company's recently optioned Boleo property in Mexico, the Toni property located near Merritt, B.C., as well as general working capital.
Texas Rare Earth Resources Corp., a rare earths mineral exploration and development company, announced today the release of its preliminary economic assessment (PEA) for the Company's flagship Round Top rare earth minerals project in Hudspeth County, Texas.
South American Gold Corp. today announces that it has staked an additional two unpatented mining claims at its GB-2 project.
Vista Gold Corp. is pleased to announce that, subject to regulatory approval, it intends to undertake a private placement financing to raise gross proceeds of up to US$15.0 million from the sale of up to 5,000,000 units (the "Units") at an offering price of US$3.00 per Unit (the "Offering"). Each Unit will be comprised of one common share in the capital of the Company (a "Common Share") and one-half of one Common Share purchase warrant. Each Warrant will entitle the holder to purchase one Common Share at a price of US$3.60 per share and will be exercisable for a period of 24 months from the closing date of the Offering.
Ukraine decreased the amount of imported natural gas by 48.77 percent over the first five months of 2012, compared to the respective period of 2011. The volume of imported gas in January - May 2012 reached 12.8 billion cubic meters.
Strongbow Exploration Inc. is pleased to announce it has completed initial sonic drilling programs at the Midway and Ridgeway gold projects, South Carolina. This work included an initial test of the Lloyd zone at Ridgeway where hole SDH-RS12-02 returned 28.96 m grading 0.97 g/t Au, 8.4 g/t Ag, and 1,840 ppm Mo, including 4.57 m grading 3.3 g/t Au, 42.0 g/t Ag and 6,960 ppm Mo.
Nova Mining Corp. announced today that the Company has received very encouraging due diligence documents, including 3rd party lithium estimate reports and government license documents, regarding the Dornogobi mining property.