Fjordland Exploration and Cariboo Rose Resources report on the Woodjam joint venture whereby Gold Fields Horsefly Exploration Corporation, has been granted an option on the property. The WJV and Gold Fields are planning a large exploration program, including a minimum of 4,000-m of diamond drilling in the Southeast Zone. This is the beginning of a [...]
Copper took a big hit on Tuesday, losing 3.2 percent on the COMEX as Eurozone fears gained momentum. All of the six main metals traded on the LME fell, led by nickel. Copper for delivery in three months lost 2.5 percent to $6,735 a metric tonne on the London Metal Exchange.
GEO MINERALS LTD. (TSX VENTURE:GM)(FRANKFURT:8G3) reported that mobilization is underway at the Silver Bell West property in southern Arizona, with drilling set to commence immediately.
Hana Mining Ltd. (TSX VENTURE:HMG)(FRANKFURT:4LH) further to the Company’s new release dated January 21, 2010, reported that the company has amended certain terms of the plan of arrangement with New Hana Copper Mining Ltd. and Hana Mining Botswana Limited, wherein the Company will spin-out Hana Botswana to New Hana.
New Jersey Mining Company (OTCBB: NJMC) reported that it has started shipping gold-silver ore from the Silver Strand mine last week.
North American Gem Inc. (NAG) (TSX VENTURE:NAG) reported that pursuant to its stock option plan, the Company has granted incentive stock options to its directors, officers, consultants, and employees to purchase in the total of 1,750,000 common shares in the capital stock of the Company, subject to regulatory approval, exercisable for a period of five years, at a price of $0.13 per share.
Belmore Resources reported further results from the continuing appraisal drilling of its Kilbricken silver-lead-zinc discovery.
Robert Friedland, Executive Chairman of Ivanhoe Mines (TSX:IVN)(NYSE:IVN)(NASDAQ:IVN), and John Macken, President and Chief Executive Officer, reported that Ivanhoe Mines has signed a joint mandate letter with the European Bank for Reconstruction and Development and the International Finance Corporation for evaluation of a major financing package for the construction of the planned Oyu Tolgoi mining complex in southern Mongolia.
Panoro Minerals Ltd. (TSX VENTURE:PML)(BVLAC:PML)(FRANKFURT:PZM)(WKN914959) reported that the infill drilling program at the Antilla project began on May 10, 2010.
Hana Mining Ltd. (TSX VENTURE:HMG)(FRANKFURT:4LH)reported that it has closed a bought-deal private placement for gross proceeds of $24,150,000 by the issuance of 11,500,000 common shares of the Company at a price of $2.10 per share.
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