Bayswater Uranium(CVE:BYU) reports drill results from Kilgore gold project, in Clark County, Idaho. The drill results comprise significant, potentially bulk-mineable, open-pittable intercepts. Highlights of these first five drill holes, listed in Table 1 below, include intercepts of 55.5 metres (m) of 1.36 grams per tonne gold (g/t Au) in hole 10 OKC-208 and 30.4 m of 2.53 [...]
Excalibur Resources (CNQ:XBR) reports that it has staked adjacent claim East of existing Sturgeon Lake property in northwestern Ontario on August 30, 2010. These claims were staked on the recommendations of Dr. Ian Johnson, Ph.D., P.Eng. of JVX Ltd. and David Molloy, P.Geo. of Geofine Exploration Consultants Ltd. For complete news release, click here. For Excalibur’s [...]
Mountain Lake Resources (CVE:MOA) reports that it has terminated the corporate arrangement with New Island Resources Inc. In result, NIS is required pay to Mountain Lake a break-up fee equal to the greater of: (a) 5.0% of the value of the ANX Arrangement Offer, and (b) $300,000. For complete news release, click here. For Mountain Lake [...]
TerraX Minerals Inc. (CVE:TXR) reports the beginning of its fieldwork on its three wholly-owned properties near Atikokan, Ontario. The objective of the fieldwork is to conduct detailed surface mapping to identify the areal extent of the distinctive rock units encountered during our recent drilling that contained gold mineralization. For complete news release, click here. For [...]
American Bonanza Gold (TSE:BZA) reports that it has signed a Letter of Offer with Balmoral Resources Ltd. The proceeds of this transaction will be applied to the development of the 100% owned Copperstone gold mine in Arizona. For complete news release, click here. For American Bonanza’s company profile, click here.
NioGold Mining Corporation (CVE:NOX) reports that drilling operations have began on the Marban Block property under the terms of the Aurizon Mines’ (TSE:ARZ) option agreement. A C$5.9 million program was approved for the first year of the option that includes 50,000 metres of diamond drilling. For complete news release, click here. For Niogold’s company profile, click here.
Colossus Minerals Inc. (TSE:CSI) reports that the shareholders of its JV partner, COOMIGASP approved the transfer of the mineral rights related to Mining License DNPM Nr. 850.425/1990 from COOMIGASP to Serra Pelada Companhia de Desenvolvimento Minera. Colossus holds a 75% interest in SPC through its Brazilian subsidiary Colossus Geologia e Participações Ltda (“Colossus Brazil”). For complete [...]
Mountain Lake Resources (CVE:MOA) reports that initial results from barge drilling over the Leprechaun gold deposit. Results to date are excellent. The Leprechaun Deposit is the first defined gold resource within the highly prospective Valentine Lake Property located in Central Newfoundland. For complete news release, click here. For Mountain Lake Resources’ company profile, click here.
Supreme Resources(CVE:SPR) reports a non-brokered private placement financing to raise gross proceeds of up to $400,000. Proceeds of the Private Placement will be spent on the Company’s TAS and Verde Projects located in the Copper Mountain Mining Camp near Princeton, British Columbia and the Ample-Goldmax Property located near Lillooet, British Columbia and for general working capital. [...]
Teryl Resources Corp. (CVE:TRC, OTC:TRYLF) reports it has acquired an option on the Mineral Claims in Anchorage, AK. The claim block is in the Kahiltna Terrane near the Kiska Metals Corp. / Kennecott Exploration Inc. Whistler gold-copper deposit. For complete news release, click here. For Teryl Resources’ company profile, click here.
Thursday, September 9, 2010