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Amerilithium Announces 26,000 Tons of Potential Lithium Resource at Paymaster Canyon

AmeriLithium Corp. (OTC Bulletin Board: AMEL) is pleased to announce rough preliminary volume estimates of up to 26,000 tons of potential Lithium resource underlying the Company's Paymaster Canyon Lithium brine project in Nevada, USA.

6 Oct 2010

Encore Renaissance Reports Private Placements for Sale of 13 Units

Encore Renaissance Resources Corp. (TSX VENTURE:EZ), (FRANKFURT:OUH1), (PINK SHEETS:ERRCF) Encore Renaissance Resources Corp. (the "Company" (TSX VENTURE:EZ) reports the private placements for the sale of 13 million units, raising a total of $1.3-million, have been fully subscribed.

6 Oct 2010

Capella Resources Closes Non-Brokered Private Placement

CAPELLA RESOURCES LTD. (TSX VENTURE:KPS)(PINK SHEETS:CPSJF) ("Capella" or the "Company") wishes to announce that it has closed its non-brokered private placement announced on September 16, 2010.
The first tranche of 10,000,000 flow-through shares ("FT Shares") at a price of $0.09 per FT Share closed on September 23, 2010. The FT Shares are subject to a 4 month hold period expiring on January 24, 2011.

6 Oct 2010

Breakwater Employees Strike as Labour Negotiations Fail

Breakwater Resources Ltd. (TSX:BWR)(TSX:BWR.WT.A) Employees at Breakwater's Toqui mine in southern Chile commenced a strike at the beginning of the day shift today after labour negotiations broke off late yesterday. Agreement could not be reached on several issues. At this time no estimates can be provided as to the effect, if any, this will have on production.

6 Oct 2010

Anschutz Exploration Corporation Signs Agreement to Sell its Appalachian Oil and Gas Properties

The Anschutz Exploration Corporation (AEC) announced today that it has entered into a definitive agreement to sell the Appalachian portion of its divestiture program to an undisclosed buyer.

6 Oct 2010

Medusa Mining Confirms Dividend Payments Out of its Operating Cash Flow

The Directors of Medusa Mining Limited (TSX:MLL)(ASX:MML)(AIM:MML) has advised that at the general meeting of members held this morning the resolution was unanimously passed to amend the Company's Constitution to remove the restriction that dividends can be paid only out of profits of the Company.

From Ten Sixty Four Limited 6 Oct 2010

Fortescue Metals Settles Shipping Dispute

A terminated shipping contract has cost Fortescue Metals Group US$ 3.7 million. The iron ore miner had cancelled a five year shipping contract with Armada in January 2009. The Singapore based Armada then brought arbitration proceedings against Fortescue seeking alleged damages worth US$70 million.

From Fortescue Metals Group Ltd 5 Oct 2010