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Explor Resources Receives Acquisition Extension Agreement from Teck Resources

Explor Resources Inc. (TSX VENTURE:EXS) has announce that the Company has obtained from Teck Resources Ltd. a one-year additional extension to realize the exploration work scheduled in the acquisition agreement dated February 6, 2007.

From Galleon Gold Corp. 21 Dec 2010

Boliden Commences Exploration at Salmijärvi Mine

Today's premier blasting at the Salmijärvi mine marks the start of Boliden's (STO:BOL) (TSX:BOL) mining at the open pit, which is a satellite mine to Aitik. The planned operating time is approximately 15 years.

21 Dec 2010

UK Dalsvetmet Buys Common Shares of White Tiger Gold

Maxim Finskiy, 22 Voznesensky Pereulok, Moscow 125009, Russia, announces that LLC UK Dalsvetmet, a company wholly-owned, directly and indirectly, and controlled by Finskiy, has acquired ownership of 85,000,000 common shares of White Tiger Gold Ltd., representing approximately 94.7% of the issued and outstanding common shares of White Tiger Gold.

21 Dec 2010

Philippine Metals Reports Initial Drilling Results from Taurus Project in Philippines

Philippine Metals Inc. (TSX VENTURE:PHI)(OTCQX:PHIXF)(FRANKFURT:PM7) has announced the initial results of the drilling program, carried out on its Taurus Project located on the Island of Leyte in the Philippines.

From REVOLVE RENEWABLE POWER CORP. 21 Dec 2010

ECU Silver Mining Announces Another New Vein Discovery at Velardeña Property

ECU Silver Mining Inc. (TSX:ECU) has announced that it has discovered another new vein, the G1-lower vein, in the upper levels of the Santa Juana mine located in the main Velardeña Property.

21 Dec 2010

Kent Exploration Completes First Holes at Gnaweeda Gold Project in Australia

Kent Exploration Inc. (TSX VENTURE:KEX) reports that its wholly owned subsidiary, Archean Star Resources Australia Pty Ltd has completed the first holes in its current diamond drill program on the Gnaweeda Gold Project in West Australia with the second hole ongoing.

21 Dec 2010

GoldQuest Mining Begins Phase II Drilling at La Escandalosa Project in Dominican Republic

GoldQuest Mining Corp. (TSX VENTURE:GQC)(FRANKFURT:M1W) has announced the start of a Phase II drilling program at its 100% owned La Escandalosa project in the Dominican Republic.

From GoldQuest Mining Corp. 21 Dec 2010

Eaglecrest Explorations Encounters High-Grade Gold at Fredonia Project, Colombia

EAGLECREST EXPLORATIONS LTD. (TSX VENTURE:EEL)(PINK SHEETS:ECRTF)(FRANKFURT:EAT) has announced that first-pass sampling over a 10-day field period discovered up to 8.25 grams per tonne gold and 47.5 grams per tonne silver in outcrop channel chip samples from the eastern portion of the unexplored Fredonia Project, Antioquia, Colombia.

21 Dec 2010

Ecometals Announces Prepayment for Sale of Condor Gold Project

Ecometals Limited (TSX VENTURE:EC)(BERLIN:GDQ)(FRANKFURT:GDQ) has announced that prepayment has commenced with regards the first tranche of US$2m in respect of the sale of its Condor Gold project.

20 Dec 2010

Condor Resources Begins Drilling at La Libertad Porphyry Project in Peru

Condor Resources Inc. (TSX VENTURE:CN) has announced that drilling commenced December 17th on its wholly owned La Libertad porphyry Cu-Mo project located in Ancash Department in northern Peru, 280 km north of Lima.

From Condor Resources Inc. 20 Dec 2010

Castle Resources Updates on Elmtree Gold Project in New Brunswick

Castle Resources Inc. (TSX VENTURE:CRI) has updated investors on its Elmtree Gold Project in Bathurst, New Brunswick.

20 Dec 2010

Buchans Minerals Reports Drilling Results from High-Grade North Massive Sulphide Prospect

Buchans Minerals Corporation (BMC-TSX-V) has announced results from its 2010 diamond drilling program at its high-grade Buchans North massive sulphide prospect.

20 Dec 2010

Nunavut Iron Plans to Block Baffinland Hostile Takeover

Nunavut Iron Ore said on Sunday it would ask regulators for an urgent hearing to block a new shareholder rights plan announced by its hostile takeover target Baffinland Iron Mines.

From Baffinland Iron Mines Corporation 20 Dec 2010

Anna Bligh Takes Side of Miners on Royalties

According to the report, Queensland Premier Anna Bligh has taken the side of the mining industry in the debate with the federal government over royalties in the proposed mineral resource rent tax (MRRT.

By Joel Scanlon 20 Dec 2010

Chile's Collahuasi Mine Looks for Alternatives for Copper Shipments

Chile's Collahuasi mine, the world's third largest copper deposit, declared it had to shut down its main port following an accident. It is now looking for alternatives to export copper concentrate.

By Joel Scanlon 20 Dec 2010