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Superior Mining Enters JV Agreement with Minco Mineral Holdings and its Subsidiary

Superior Mining International Corporation (TSX VENTURE:SUI), has provided an update on its Mangalisa Project in South Africa.

21 Oct 2010

Edgewater Starts Exploration at Corcoesto Gold Project in Spain

Mr. George Salamis, President and CEO of Edgewater Exploration Ltd. (TSX VENTURE:EDW) has announced that the Company has commenced exploration activities on the 100% owned Corcoesto Gold Project in Spain. The explorat...

21 Oct 2010

Mercer Gold to Drill 5,000 Meters to Find Porphyry Targets at Guayabales Gold Project

Mercer Gold Corporation (OTCQB: MRGP, Frankfurt:AN4) announces that drill equipment has been mobilized and is on site at its Guayabales gold project.

21 Oct 2010

American Consolidated Minerals Updates on Exploration Program at Toiyabe Project, Nevada

American Consolidated Minerals Corporation (TSX VENTURE:AJC) has provided the following exploration update for its Toiyabe Project, located 12 miles south of the Pipeline Mine in northeastern Nevada.

21 Oct 2010

First Bauxite Buys Tarakuli and Tarakulli North West Prospecting Licenses

FIRST BAUXITE CORPORATION (TSX VENTURE:FBX)(FRANKFURT:FBI)(BERLIN:FBI) has announced that, further to its news release issued on July 20, 2010, it has now completed its acquisition of Bauxite Corporation of Guyana Inc. and accordingly, 100% of its interest in and all right and title to, the contiguous Tarakuli and Tarakulli North West Prospecting Licenses in Northeast Guyana.

From First Bauxite Corporation 21 Oct 2010

Moly Mines Enters Iron Ore Sales Agreement with Hanlong Metals

Moly Mines Limited (TSX:MOL)(ASX:MOL) has announced that it has today in Chengdu, China, executed an iron ore sales agreement for 100% of its production from the Spinifex Ridge Iron Ore Project with Hanlong Metals Limited, an entity associated with Hanlong Mining Investment Pty Ltd.

From Moly Mines Limited 21 Oct 2010

Farallon Mining Discovers New Mineral Rich Zone at G-9 Mine in Mexico

Farallon Mining Ltd. (TSX:FAN) announces the discovery of a new zone of zinc rich, polymetallic, sulphides at its G-9 mine in Guerrero State, Mexico.

21 Oct 2010

Ventana Gold Signs Construction and Drilling Contract with Geominas for La Bodega Project

Ventana Gold Corp. (TSX:VEN) announces that it has awarded the construction and drilling works contract for the underground exploration decline at the La Bodega project to Geominas SA.

21 Oct 2010

Capstone Mining Announces Assay Results from Cozamin Mine in Mexico

Capstone Mining Corp. (CS: TSX) today announced assay results from three new drill holes representing a major step-out on the newly discovered high grade copper-silver Mala Noche Footwall Zone at its Cozamin Mine in Zacatecas State, Mexico.

From Capstone Copper Crop. 21 Oct 2010

Big Bear Mining to Begin Drilling at Rattlesnake Hills in Wyoming

Big Bear Mining Corp (OTC Bulletin Board: BGBR), a U.S. based exploration and development company focused on the acquisition and development of gold and other precious commodity projects, announced today that drilling is set to commence by week's end on the Barlow Gap "BG" claims in Rattlesnake Hills, Natrona County, Wyoming.

21 Oct 2010

Azimut Exploration Finds Higher Copper Grades in REX Property, Quebec

Azimut Exploration Inc. announces excellent new results for its 100% owned REX property in Nunavik, Quebec.

From Azimut Exploration Inc. 21 Oct 2010

Amseco Exploration Acquires Yasinski Project in Quebec

Amseco Exploration Ltd. (TSX VENTURE:AEL) announces the signature of an acquisition agreement for a 100% interest in a project to be known as Yasinski.

21 Oct 2010

Iran Stockpiling Enriched Uranium, Plans for Mining

Iran is increasing its stockpile of enriched uranium despite international opposition. The head of Iran's Atomic Energy Organization, Ali Akbar Salehi has said that Iran now has 30 kg of 20% enriched uranium on Wednesday. This is twice the amount reported in June this year.

By Joel Scanlon 21 Oct 2010

Ivanhoe $1 Billion Rights Offering Aggravates Hostilities with Rio Tinto

Ivanhoe is planning to raise $1 billion by a shareholder rights offering which will highten the tensions between the Canadian company and its biggest shareholder, Rio Tinto in the vast Oyu Tolgoi copper project in Mongolia. The two companies have been having trouble seeing eye to eye on issues in the mining venture for some time now.

From Ivanhoe Mines Ltd 21 Oct 2010

Mining Tax an 'Election Fix' Says Abbot

Leader of the Opposition Tony Abbot has called the mining tax an election fix saying that the Gillard government lied about reaching the agreement on the mineral resource rent tax (MRRT) to secure an election victory. This was in response to the three mining giants BHP Billiton, Rio Tinto and Xstrata having a meeting this week to consider abandoning the deal.

From BHP Billiton Plc 21 Oct 2010