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Santa Fe Gold to Acquire Columbus Silver Corporation

Columbus Silver Corporation saw its stock jump up by nearly 60% as news that it was to be acquired by US based company Santa Fe Gold Corporation for $10 million came to light. The all cash deal will see Santa Fe pay 20 cents per share for the 36 million shares of the Vancouver based Columbus Silver Corp.

8 Sep 2011

Copper Mountain Mining Sends First Batch of Concentrate to Japan

The Copper Mountain Mining Corporation announced that it had completed loading its first shipment of concentrate to Japan from the Copper Mountain Mine.

8 Sep 2011

Minsud Resources Reports Phase I Drilling Results from Chita Valley Property

Minsud Resources has announced the phase I drill campaign results from the Chita Valley Project in Argentina. This project is situated favorably in the El Indio mining district of Argentina and Chile.

8 Sep 2011

Bard Ventures Proclaims Phase I Initial Exploration Results from Lone Pine Property

Bard Ventures has received the 2011 phase I primary drilling results from its Lone Pine property. The results of the drill hole BD-11-67 has shown the high-grade mineralization persisting through the drill hole intercept regions that are extensively spaced.

8 Sep 2011

Driven Capital Receives Re-Assayed Results from Lyn Silver Project

Driven Capital has obtained the results of re-assayed rock samples from the Lyn silver project. The rock sample LR-024 has returned 9,970 g/t of silver through assaying and was certified by ALS Canada.

8 Sep 2011

Report Finds Australian Miners Already Paying Over 40% Tax

A new report that was commissioned by the Minerals Council of Australia says that miners will pay close to $23.4 billion in tax to federal and state governments in 2010-11 financial year. Deloitte Access Economics said in the report that the mining industry has paid an average tax of 41.5% from the financial years between 2007-8 to 2009-10.

5 Sep 2011

Concordia Resource Obtains Approval to Continue Drilling at Providencia Property

Concordia Resource has declared that its Meryllion Minerals has got the drill permits from the Directorate of Mines–Province of Jujuy in order to continue the drilling operations at its Providencia silver-copper prospect, which is located in northwest Argentina.

5 Sep 2011

Alta Mining Inks Binding Option Agreement for Silver Properties

Alta mining, a subsidiary of Fortune Oil & Gas, has inked a binding option agreement due to the receipt of encouraging results from due diligence.

5 Sep 2011

Comstock Mining Aims to Mine Historic Resource By Year End

Comstock Mining Inc. said that it wished to restart the gold and silver mining operations at the historic Comstock Lode site in Virginia City. The Comstock cache was discovered in 1859 and helped fund Union efforts in the Civil War and the construction of the city of San Francisco. The company added that they had been awarded the necessary permit from the state environmental regulators for this activity.

4 Sep 2011

Cartier Resources Announces Further Channel Sampling Results from Cadillac Extension Project

Cartier Resources has declared additional channel sampling results from Cadillac Extension project, which is situated 115 km to the east of Val-d'Or, Quebec.

From Cartier Resources Inc. 3 Sep 2011