Mining Business News

RSS

Aultra Gold, Shamika Resources Sign Agreement to Buy 5 Gold Exploration Permits

Aultra Gold, Inc. (OTCBB:AGDI), operating internationally as Shamika2Gold, Inc., has entered into a definitive agreement with Shamika Resources to acquire 5 gold exploration permits in the Democratic Republic of the Congo for a total consideration consisting of 15 million shares of Aultra Gold, a $ 500,000 promissory note and a 2.5% net smelter return on exploration licenses PR-10190, PR- 10192, PR- 10185, PR- 8708 and PR- 3619 covering a total of 830 km2.

9 Dec 2010

HudBay Minerals Signs Subscription Agreement with Halo Resources

HudBay Minerals Inc. (TSX:HBM)(NYSE:HBM) today announced it has entered into a subscription agreement with Halo Resources Ltd. (TSX VENTURE:HLO)(FRANKFURT:HRLN) providing for the sale to HudBay on a private placement basis of 3,655,000 units of Halo at a purchase price of C$0.50 per Unit for total consideration of C$1,827,500.

From HudBay Minerals Inc. 9 Dec 2010

Everton Resources, Canadian Star Minerals Execute MoU with Strike Minerals

Everton Resources Inc. (TSX VENTURE:EVR)(FRANKFURT:ERV) has announced that, jointly with Canadian Star Minerals Ltd., a private company, it has executed a Memorandum of Understanding to sell or transfer ownership of options to give Strike Minerals Inc. (TSX.V: STK) a 100% undivided interest in a package of gold exploration properties at Hays Lake near Schreiber, Ontario approximately 70 kilometres west along the Trans Canada Highway from the multi million ounce Hemlo gold deposit in the Schreiber Hemlo greenstone belt.

From Everton Resources Inc. 9 Dec 2010

Illegal Mining in Indian Tiger Protection Zone

Illegal mining has come to light in Goa in the tiger corridor. The forestry department has initiated an investigation into the mining activity which was being conducted near the Netravali wildlife sanctuary in east Goa.

8 Dec 2010

Eldorado Gold Restarts Construction at Eastern Dragon

Eldorado Gold has restarted construction activities at the Eastern Dragon mine in China. The engineering is almost complete and procurement is 95 % done as per a company press release.

From Eldorado Gold Corporation 8 Dec 2010

Xstrata Board Approves Hunter Valley Coal Expansion

The $1.4 billion Hunter Valley coal expansion planned by Xstrata has been approved by the company board of directors. The expansion of operations in that area will create about 800 new jobs subject to Xstrata getting all necessary approvals from the state and federal government.

8 Dec 2010

Mountain Province Diamonds Files NI 43-101 Technical Report on Gahcho Kué Project

Mountain Province Diamonds Inc. (TSX: MPV, NYSE AMEX: MDM) today announced that the National Instrument 43-101 Technical Report on the Gahcho Kué Project has been filed and can be accessed on SEDAR.

From Mountain Province Diamonds Inc. 8 Dec 2010

Supatcha Resources to File NI 43-101 Technical Report for Barlevskoye, Vynohradiv Gold Projects

Supatcha Resources Inc. (OTC Bulletin Board: SAEI) today announced it has received all necessary paperwork today in order to file the NI 43-101 technical report for the Barlevskoye and Vynohradiv gold projects.

8 Dec 2010

Jiminex Receives Analytical Results from Hemlo-Style Mineralization

James R. B. Parres, President & CEO of Jiminex Inc. has reported that the first phase of diamond drilling at Hemlo, Ontario is underway and 134 drill core sample results for the first hole, 10NE-01, and part of hole 10NE-02 have been received from Accurassay Laboratories, Thunder Bay, Ontario.

8 Dec 2010

American Paramount Gold Begins Initial Due Diligence on Kisita Gold Mine

American Paramount Gold Corp. (OTCBB: APGA) Further to the press release dated November 9th 2010, the Company reports that initial due diligence has commenced on the Kisita Gold Mine on which we have signed a letter of intent to acquire.

8 Dec 2010