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Beanstalk Capital Signs Asset Purchase Agreement with Almaden Minerals for Elk Gold Project

Beanstalk Capital Inc. has announced it has entered into an asset purchase agreement dated February 16, 2011 pursuant to which Almaden Minerals Ltd. (TSX: AMM, NYSE: AAU) will vend 100% of its Elk Gold Project located near Merritt, British Columbia to Beanstalk in exchange for a controlling interest in Beanstalk and a 2% net smelter returns royalty.

From Almaden Minerals Ltd. 17 Feb 2011

Canadian Arrow Mines Acquires Kenbridge Nickel Project from Blackstone Ventures

Blackstone Ventures Inc. (TSX VENTURE:BLV) has announced that it has agreed to terms on which Canadian Arrow Mines Ltd. will acquire a 100% undivided interest in Blackstone's interest in the Kenbridge nickel project in Ontario.

17 Feb 2011

Augen Gold and Sanatana Diamonds Sign Joint Venture Agreement

Augen Gold Corp. (TSX VENTURE:GLD) has announced that it has entered into a definitive option and joint venture agreement with Sanatana Diamonds Inc., a company listed on the TSX Venture Exchange under the trading symbol STA, wherein Sanatana was granted an option to acquire up to 51% undivided interest in the rights to 46 mineral concessions in Ontario owned by Augen Gold along with a right of first refusal to acquire 9 mineral concessions in Ontario owned by Augen Gold.

17 Feb 2011

AndeanGold Receives Approval for Drilling at Urumalqui Project in Peru

AndeanGold Ltd. (TSX VENTURE:AAU) has announced that Peru's Ministry of Energy and Mines has issued the approval voucher of the Company's Declaration of Environmental Impact Study application for its advanced-stage Urumalqui Au-Ag exploration project in Peru.

17 Feb 2011

Rio Tinto Eyes Equinox Minerals

Rio Tinto may be focusing on Equinox Minerals as a takeover target. The mining giant is said to be looking at small to medium sized new acquisitions may be happy to get the pure copper play as per analysts at the Royal Bank of Scotland.

From Rio Tinto plc 16 Feb 2011

Australia Loses $60 BN in Mining Revenues

Australia will collect about $60 billion less in mining tax over the next ten years than previously predicted thanks to the changes made in the proposed mining tax last year prior to the elections. The treasury figures say that the original unhampered tax would have collected Australian $99 billion between the financial years of 2012/13 to 2020/21.

16 Feb 2011

Edgewater Exploration Bags 90 Year Mining Leases from the Galician Government

Mr. George Salamis, President and CEO of Edgewater Exploration Ltd. (TSX VENTURE:EDW)(OTCQX:EDWZF) has reported that the company has received 90 year mining leases from the Galician Government authorities covering the known gold resource on the Company's 100% owned Corcoesto Gold Project in Galicia, Spain.

16 Feb 2011