Aluminium
OceanaGold seeks partners for troubled Philippine project
by Gill Montia
Australian miner, OceanaGold, has announced that it is currently in discussions with various parties regarding strategic options for its Didipio project in the Northern Philippines.
The company needs to raise $185 million to continue with the project and is considering joint venture and/or merger opportunities in relation to the troubled copper and gold mine.
The $320 million [...]
Minco and Sterling announces proposed business combination
by Jo Black
Minco Silver Corporation, a TSX listed company focusing on the acquisition and development of silver dominant projects, and Sterling Mining Company (Sterling) have signed a letter of agreement whereby Minco Silver will acquire 100% of the issued and outstanding shares of Sterling.
The transaction will result in Minco Silver controlling two world class silver deposits [...]
Union Gold signs definitive agreement
by Jo Black
Union Gold Inc. has executed an arm’s length definitive agreement on June 25, 2008 with Shoal Point Energy Ltd. (Shoal), a 100% privately owned oil and gas exploration company.
The Definitive Agreement provides, among other things, for the (i) reorganisation of Union’s share capital whereby Union will split its common shares on a 2.5 new [...]
Navasota drills Alumina at Koba Bauxite project
by Jo Black
Navasota Resources Ltd. provides additional results from the Télimélé and Gaoual (AMIG) permits of its Koba Project located in the Boke Bauxite Belt of northwestern Guinea, West Africa.
The company said that at Kouraidendeli Plateau, 108 of 111 Phase 1 drill holes intersected bauxite mineralisation having a weighted average grade of 43.41% Al2O3 and 2.56% [...]
Etruscan files preliminary short form prospectus
by Jo Black
Etruscan Resources Inc., is a gold focused Canadian junior mining company, has filed a preliminary short form prospectus in conjunction with a marketed offering of units of the company.
The company has plans to offer the unit through a syndicate of underwriters led by CIBC World Markets Inc. The proposed offering is being made pursuant to [...]
Target starts drilling on Bradshaw Gold project
by Jo Black
Target Exploration And Mining Corp., a growing exploration and development company with uranium projects in the US and gold/copper projects in Canada, has commenced drilling on the Bradshaw Gold Project in Canada.
The project is located 10 kilometres (km) southeast of the former Nickel Plate-Headley Mascot Gold Mine, British Columbia’s third largest gold producer.
The drilling [...]
TurboSonic announces CAD$4.25 million credit facility
by Jo Black
TurboSonic Technologies, Inc., a global leader in the design and supply of industrial air pollution control technologies, has established a CAD$4.25 million credit facility with a major Canadian chartered bank.
Edward Spink, TurboSonic’s CEO, said although we have operated for years without debt, we have arranged this credit facility in anticipation of growth in foreign [...]
Q-Gold closes first tranche of financing
by Jo Black
Q-Gold Resources Ltd., a Canadian-based mineral exploration company, has closed the first tranche of its previously announced non-brokered private placement for gross proceeds of $126,500.
The remainder of the total $600,000 Offering is expected to close by the end of the month.
The corporation issued 831,250 “flowthrough” (FT) units at a price of $0.08 per unit. [...]
Latin American Minerals provides assay results
by Jo Black
Latin American Minerals Inc., a mineral exploration company focused on the acquisition and development minerals projects in the countries of Latin America, provides assay results from 43 samples of 18 tailings ponds on its Paso Yobai gold property in Paraguay.
The tailing ponds are dry, coarse grained rejects from gravity plants and average 55m in [...]
Vena starts second phase drill program at Azulcocha West
by Jo Black
Vena Resources Inc., a Canadian mining company focused on the exploration and development of Peru’s mineral potential, has commenced the second drill program at Azulcocha West.
The company has designed 27 drill holes for a total of 8,000 metres of drilling, which includes targets on the Cantagallo, Recuperada and El Triunfo areas along the southern [...]
Lake Shore signs agreement with Flying Post and Mattagami First Nations
by Jo Black
Lake Shore Gold Corp., a mineral development and exploration company, has signed an Exploration Agreement with the Flying Post First Nation (FPFN) and Mattagami First Nation (MFN) in order to promote a cooperative and mutually respectful relationship between the FPFN and MFN.
The official signing ceremony included Chief Walter Naveau, Mattagami First Nation; Chief Murray Ray, [...]
G & S Minerals appoints William Curtis to the Board of Directors
by Jo Black
G & S Minerals, Inc. (which also conducts business under the name Gold & Silver Minerals), has appointed William Curtis as Vice Chairman of the Board.
Mr. Curtis joins chairman Charles Brown, Edward Stanojev, Jr., Ryan Kutty, and Michael Sandidge as current members of the company’s Board of Directors.
Duties of Mr. Curtis include assisting [...]
Radisson confirms issue of shares for debt
by Jo Black
Radisson Mining Resources Inc., a Quebec-based exploration company, with offices in Rouyn-Noranda, Quebec and Toronto, Ontario, has issued 238,806 Class A Shares at $0.335 per share in settlement of debt obligations owed to Dale M. Hendrick of $80,000 following the receipt of a final letter of approval by the TSX Venture Exchange.
These obligations were [...]
Aurcana completes acquisition of Shafter Silver Mine
by Jo Black
Aurcana Corporation, a Canadian junior mining company listed on the TSX Venture Exchange, has closed the previously announced acquisition of 100% of the Shafter silver mine from Silver Standard Resources Inc.
The acquisition of the Shafter silver mine is in line with Aurcana’s strategy of growth through acquisition. This is the company’s third acquisition [...]
Eldorado increases stake in Frontier to over 95%
by Jo Black
Eldorado Gold Corporation, a gold producing exploration and development company actively growing businesses in Brazil, Turkey, China, Greece and the surrounding regions, has taken up and accepted for payment an additional 4.9 million common shares of Frontier Pacific Mining Corporation that were tendered to its offer to purchase all of the outstanding common shares of [...]
Sherwood provides results from the Kutcho drill program
by Jo Black
Sherwood Copper Corporation, a Canada based mining company, provides the first batch of high grade assay results from the 2008 drill program at the Kutcho Deposit located in northwestern British Columbia.
So far, the company has completed 7,024 metres of drilling in 61 holes in the 2008 drill program, which according to the company is [...]
Ausdrill acquires Taylor Wimpey’s Ghana mining division
by Gill Montia
Australian mining company, Ausdrill, is acquiring Taylor Wimpey’s mining division in Ghana, West Africa.
The group’s African Mining Services (AMS) subsidiary will purchase Taysec Construction for $20 million.
The transaction includes Taysec’s entire mobile fleet and its mining contract for the Iduapriem gold project, which is owned by AngloGold Ashanti.
The Iduapriem contract has five months to run [...]
Kirkland Lake reports increases in reserves of SMC
by Jo Black
Kirkland Lake Gold Inc., a Canadian gold mining company that owns and operates the five major gold properties in Kirkland Lake, Ontario, provides its new year-end (April 30, 2008) gold reserve and resource estimates for its operations in Kirkland Lake.
The reserve and resource estimates are being provided on both the historic Main Break and the [...]
Silver resources increase 143% at Pitarrilla’s Breccia Ridge Zone
by Jo Black
Silver Standard Resources Inc., a well-financed silver resource company that continues to seek growth through exploration and development of its own silver projects, continues infill drilling to expand silver resources at its wholly-owned Pitarrilla silver project in Mexico.
Breccia Ridge Zone has shown growth in resource estimates by 143% and total project resources by 14% since [...]
Metso to supply grinding equipment to Minera Petaquilla
by Jo Black
Metso Minerals, a global engineering and technology company, has won a contract valued at approximately EUR 48 million to supply grinding equipment to Minera Petaquilla, S.A. in Panama.
Metso will complete the delivery of equipment by mid-2011.
Minera Petaquilla, S.A., a joint venture company developing its deposit in the Republic of Panama, requires the equipment for [...]