The Afghanistan government has approved the concept of western investors taking a stake in the Afghan mining industry.
Kinross Gold Corp has sold its small stake in the Osisko Mining Corp. The gold mining company sold 6.8 million shares for about $100 million at a rate of $14.70 per share. This constituted about a 1.8% stake in the Osisko Mining Corp.
The Peso in Chile shot up for the tenth day running as bigger than forecast retail sales in the US boosted it.
Uranium One Inc. and JSC Atomredmetzoloto today jointly announced that ARMZ has entered into a definitive agreement to acquire all of the issued shares of Mantra Resources Limited pursuant to an Australian Scheme of Arrangement.
GREAT PANTHER SILVER LIMITED (TSX:GPR) has reported that Scott Wilson Roscoe Postle Associates, of Vancouver, B.C., has completed a NI 43-101 compliant mineral resource/reserve estimate on the Cata Clavo, Los Pozos, and Santa Margarita zones at the Company's wholly-owned Guanajuato Mine in Guanajuato, Mexico.
Kalahari Resources Inc. (TSX VENTURE:KLA) has announced, subject to regulatory approval, the acquisition of a 100% interest in the Bourlamaque property consisting of two claims located in Bourlamaque Township, Quebec, adjacent to the Company's flagship Lamaque property.
First Gold Exploration Inc. (TSX VENTURE:EFG)(FRANKFURT:F12)(OTCQX:FGEXF) has announced that the Company has signed an agreement with Zimtu Capital Corp., Cathro Resources Corp. and Cazador Resources Ltd. to acquire a 100% interest in seven rare earth element and niobium properties in southeastern British Columbia.
Adventure Gold Inc. (TSX VENTURE:AGE) and Mazorro Resources Inc. (TSX-V: MZO; Frankfurt: JAM), has announced that they have signed a letter of agreement pursuant to which Mazorro has acquired an exclusive option to earn up to 70-per-cent interest in 26 claims covering an area of approximately 352 hectares of the Company's Lapaska Gold property in Val d'Or East area, by spending $7.7M in exploration expenditures, issuing 3,000,000 shares of Mazorro, paying $250,000 in cash payment and paying $2,000,000 over the next 6 years.
Augen Gold Corp. (TSX VENTURE:GLD) announced today that it has entered into a letter of intent effective December 14, 2010, with Vancouver-based Sanatana Diamonds Inc. (TSX VENTURE:STA) a well-managed emerging resource company, for a proposed Option and Joint Venture Agreement to acquire up to 51% undivided interest in the rights to certain mineral claims in Chester, Yeo, Neville, and Benneweis townships in Ontario.
International Montoro Resources Inc. (TSX VENTURE:IMT)(PINK SHEETS:IMTFF)(FRANKFURT:O4T) has received TSX Venture Exchange acceptance of the acquisition of a 100% interest in 12 mineral claims prospective for Rare Earth Elements, in 2 separate claim blocks covering approximately 11,500 acres, located northwest of the "Wicheeda" rare earth element discovery in the new Tacheeda Lake camp and the "Carbo" area of northeastern British Columbia.
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