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Astral Mining Receives Sampling Results from Los Crestones Property in Mexico

Astral Mining Corporation (TSX VENTURE:AA)(TSX VENTURE:AA.WT)(PINK SHEETS:AAMJF)(FRANKFURT:A7DA) has received analyses from due diligence rock chip sampling over key showings at the 4,168 hectare Los Crestones Property, located within the prolific Sierra Madre gold-silver belt 100 kilometres (km) north of the Sinaloa state capital, Culiacan, Mexico.

11 Jan 2011

Alberta Star Development Announces Phase III Drilling Program at Landrose in Saskatchewan

Alberta Star Development Corp. (TSX VENTURE:ASX)(OTCBB:ASXSF)(FRANKFURT:QLD) has announced that the Company is preparing for a Phase 3 drilling program at Landrose, Saskatchewan in early 2011.

11 Jan 2011

American Paramount Gold Announces Completion of Geophysical Survey Data Collection at Capgold Epithermal Project

American Paramount Gold Corp. (OTCBB:APGA) has reported the CSAMT geophysical survey data collection phase of the survey at the Company's Capgold epithermal gold & silver project is complete.

11 Jan 2011

Cornerstone Capital Resources to Commence Drilling at Gama Prospect in Ecuador

Cornerstone Capital Resources Inc. (TSX VENTURE:CGP) (FRANKFURT:GWN) (BERLIN:GWN) (PINK SHEETS:CTNXF) announced today that it has concluded a Definitive Agreement with its joint venture partner that will allow diamond drilling to commence immediately on the Gama Prospect, located in the NW portion of the Company's flagship Shyri Gold-Copper Project in southern Ecuador.

11 Jan 2011

Avion Gold Reports Drilling Results from Kofi Project in Mali

Avion Gold Corporation (TSX:AVR)(OTCQX:AVGCF) has announced the results from 22 drill holes totaling 4,458 metres completed over the Kofi Project in Q4, 2010.

From Avion Gold Corporation 11 Jan 2011

Shipping Freight Rates Decline on Over Supply

The freight rates for shipping lines are dropping despite record rise in commodity prices. Leasing costs for capesizes, 1000-foot-plus ships, which haul iron ore and coal may go down 34% to their lowest prices since 2002 in the present year as per a survey conducted by Bloomberg.

By Joel Scanlon 11 Jan 2011

Queensland Miners Resort to Force Majeure

The floods in Queensland are affecting its mining sector adversely. Projects worth $2 billion are facing delays and additional costs as the floods cause work disruptions in many mines across the state. Many mines have had to cease production on a temporary basis or shut down completely due to the heavy rains.

By Joel Scanlon 11 Jan 2011

Rio Tinto Pursues Riversdale Mining

Rio Tinto is submitting a bidder’s statement in relation to an Australian $16 a share off-market takeover bid for Riversdale Mining. On Monday Rio Tinto lodged the statement with the Australian Securities and Investments Commission. A copy was also sent to Riversdale Mining.

From Riversdale Mining Limited 11 Jan 2011

Nunavut Extends Offer for Baffinland

Nunavut Iron Ore has taken yet another step in the bidding war against ArcelorMittal for Baffinland Iron Mines. It has raised its offer to Canadian $1.45 in cash per share in addition to one exchange right per common share.

From Baffinland Iron Mines Corporation 11 Jan 2011

HudBay Looks to Acquire Norsemont

HudBay, a Canadian base metals miner, has made a friendly deal to take over explorer and development company Norsemont.

From Norsemont Mining Inc. 11 Jan 2011

Caterpillar to Build Mining Equipment Plant in Thailand

Caterpillar, the world's largest manufacturer of construction and mining equipment, is setting up a mining equipment plant in Thailand.

From Caterpillar 11 Jan 2011

Endeavour Mining Announces 82,400 Ounces of Gold Production at Youga Mine in Burkina Faso

Endeavour Mining Corporation has reported it produced 82,400 ounces of gold in 2010 at its Youga Mine, Burkina Faso and has fully repaid the US$27.9 million Youga project debt facility in 2010.

11 Jan 2011

Amarillo Gold Updates on Metallurgical Studies at Flagship Mara Rosa project

Amarillo Gold Corp. (TSX VENTURE:AGC) received the latest update from the ongoing metallurgical studies being conducted on the Posse Deposit which is part of the Amarillo's flagship Mara Rosa project in Goias State, Brazil, four hours drive northwest of the nation's capital, Brasilia.

From Amarillo Gold Corp. 11 Jan 2011

PC Gold Announces Discovery of Large Scale Gold-Arsenic System at Pickle Crow Property

PC Gold Inc. (TSX:PKL) has reported the discovery of an entirely new, large scale gold-arsenic system in near-surface drilling at the Company's Pickle Crow gold mine property in northwestern Ontario, Canada.

11 Jan 2011

Temex Resources to Commence Diamond Drilling at Juby Joint Venture Property

Temex Resources Corp. (TSX-V: TME, FWB: TQ1) announces that diamond drilling is set to commence immediately on its Juby Joint Venture Property held with Goldeye Explorations Ltd. in which Temex holds a 60% interest and is the operator. A 2,500 metre 15-hole Phase I diamond drill program will test six target areas discovered during the recently completed surface exploration program.

From Temex Resources Corp. 11 Jan 2011