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Luiri Gold Receives One Year Licence Extension

Luiri Gold Limited (TSX VENTURE:LGL)(ASX:LGM) has announced that the Attorney General of Zambia has informed the Ministry of Mines and Development that it has no objections to them entering into discussions with Luiri in order to find an amicable settlement on the issue of the cancelation of the Mining Licence LML48.

7 Feb 2011

Antioquia Gold Uses Private Placement Funds to Explore Gold Bearings at Guayabito and La Manuela Structures

Antioquia Gold Inc. (TSX VENTURE:AGD) has announced that further to the January 21, 2011 news release it has closed a non-brokered private placement for 19,455,495 common shares of Antioquia at a price of Cdn$0.40 per common share for gross proceeds to Antioquia of Cdn$7,782,198. All of the securities are subject to a four month hold period from the date of closing.

From Antioquia Gold Inc. 7 Feb 2011

Crystallex International Provides Details on Las Cristinas Mine Operating Contract Status

Crystallex International Corporation (TSX:KRY)(NYSE Amex:KRY) announced today that it has received a letter from the Corporacion Venezolana de Guayana that states that the Company's Mine Operating Contract for the Las Cristinas Project in Bolivar State, Venezuela, has been "unilaterally terminated" by the CVG.

From Crystallex International Corporation 7 Feb 2011

American Creek Resources to Use Private Placement Proceedings for Electrum Project in British Columbia

American Creek Resources Ltd. today announced that it will be offering on a non-brokered private placement basis up to 11,500,000 units for gross proceeds of $750,000 if the Offering is fully subscribed.

From American Creek Resources Ltd. 7 Feb 2011

Great Basin Gold Looks to Raise $75 Million for South African Mine

Great Basin Gold Limited is a Vancouver based company that is hunting for funds in Canada to develop its South African gold project. The company needs $75 million capital to move its Burnstone gold mine to full production capacity.

6 Feb 2011

A Good Year for Xstrata

Swiss mining giant Xstrata has had a good year and its record production figures for last year support that claim. CEO Mick Davis is naturally pleased with the results, with increased production in coking coal, semi-soft coking coal, nickel and refined nickel leading the way. The company also saw increases in mined copper, lead in concentrate and ferrochrome.

6 Feb 2011

Xstrata Acquires Cape Lambert's Share of Lady Loretta

Xstrata has acquired the remaining 25% stake from Cape Lambert Resources in the Lady Loretta lead zinc project for $30 million. The deal sees Xstrata as the 100% owner of the mining resource post approvals which are expected in the coming months.

From Cyclone Metals Ltd 6 Feb 2011

Newmont Mining to Acquire Fronteer Gold for $2.3 Billion

Fronteer Gold shareholders will see the world’s second largest gold producing company, Newmont Mining Corporation, take over the company in a Canadian $2.3 billion deal. This will result in a new company called Pilot Gold.

From Newmont Mining Corporation 6 Feb 2011

North Atlantic Resources to Begin 10,000 Metre Drilling at Lankafla Property

North Atlantic Resources Ltd. (TSX VENTURE:NAC) has reported that its wholly-owned subsidiary company in the Republic of Mali, North Atlantic Resources SARL, has completed the Convention d'Etablissement for a new 100% owned, convention called Lankafla.

5 Feb 2011

Sierra Resource Group Secures Financing Needed for Permitting Process to Begin Mining Operations

Sierra Resource Group, Inc. has acquired a financing commitment, which the Company believes will enable it to begin the permitting process that is necessary prior to bringing the mine back into production.

5 Feb 2011