Avrupa Minerals Ltd. (TSX VENTURE:AVU) is pleased to announce the commencement of fieldwork to upgrade their Covas tungsten project in northern Portugal, near the border town of Caminha. The work plan consists of collecting and geochemically analyzing 250-300 soil samples located in a 3.5 x 2.0 kilometer grid covering the project area.
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.
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.
AM Gold Inc. (TSX VENTURE:AMG)(FRANKFURT:AMX) ("AM Gold" or the "Company") ASSAY RESULTS FOR THE REMAINING 39.17m OF HOLE ICE10028 ARE NOW AVAILABLE. THE ENTIRE HOLE IS MINERALIZED AND CARRIES AN OVERALL TENOR OF 0.75 g/t AU OVER ITS ENTIRE LENGTH OF 526.57m, INCLUSIVE OF 1.83 g/t AU OVER 20.25m FROM NEAR THE BOTTOM OF THE HOLE.
Alto Ventures Ltd. is pleased to announce the assay results from three recently completed drill holes testing the Sanders Zone at the East Coldstream Gold Deposit ("Deposit") in Ontario
Acrex Ventures Ltd. ("Acrex") is pleased to announce that diamond drilling will commence this week on its Grizzly-Kellar Lake gold property (the "Property"). Acrex has an option to acquire a 100% interest on the Property (see news release dated May 18, 2010). Acrex has contracted Forages M. Rouillier Drilling Inc. of Amos, Quebec for the completion of up to 500 metres of drilling.
Yukon-Nevada Gold Corp. (Toronto Stock Exchange: YNG; Frankfurt Xetra Exchange: NG6) is pleased to announce additional favorable results from its on-going 2010 drilling program at Ketza River.
Eagle Plains Resources Ltd (TSX-V:EPL) has reported that bedrock sampling on the Yellowjacket Gold Project located near Atlin, BC has returned significant high-grade gold mineralization recently exposed by placer mining activity in an area 700m west of current exploration work. Partial results from sampling have been returned, with additional results pending.
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.
Jiminex Inc. is pleased to report that the 100%-owned Misehkow River Property, Pickle Lake gold region, Ontario is now drill-ready. Condor Consulting Inc., Lakewood, Colorado, recognized experts in the field of airborne electromagnetics, were retained to interpret the 2009 VTEM airborne geophysical survey. Their report indicates the presence of 5 gold target zones which are spaced across 30 kilometres of iron formation, a favorable regional gold host rock.
Helio Resource Corp (TSX-V: HRC) is pleased to provide an update on its 100%-owned (through its wholly owned subsidiary, BAFEX Exploration (Pty.) Ltd.) Damara Gold Project ("DGP"), located in Namibia.
Fronteer Gold (TSX:FRG)(NYSE Amex:FRG) reports that drilling has extended a second high-grade gold-silver zone at its 100% owned Northumberland project in Nevada and announces that the contract for the construction of an underground decline has been awarded to J.S. Redpath Corporation.
American Manganese Inc. (TSX VENTURE:AMY)(PINK SHEETS:AMYZF), is reporting that a new NI 43-101 compliant Resource Estimate, which incorporates the results of the 2010 drilling program, shows a substantial increase in the amount of manganese contained in the Artillery Peak Project.
Avion Gold Corporation (TSX VENTURE:AVR)(OTCQX:AVGCF) ("Avion" or the "Company") announces third quarter 2010 production of approximately 23,609 ounces of gold from its Tabakoto/Segala operations in Mali, West Africa.
Mongolian Mining Corp is said to have raised US$651 million (HK$5.05 billion) in its Initial Public Offering (IPO) in Hong Kong. 719.4 million shares were sold in the Ulaanbaatar based mining company at Hong Kong $7.02 per share.
By Joel Scanlon
6 Oct 2010