Package Includes Licence Contiguous South of the Otjikoto Gold Deposit

Auryx Gold Corp. is pleased to announce that the Namibian Ministry of Mines and Energy (“MME”) has granted the Company five new Exclusive Prospecting Licences (“EPLs”) covering approximately 500,000 ha. The locations of the Licences are show at http://auryxgold.com/projects/project_locations/. With the new licences, Auryx now has eleven EPLs covering approximately 900,000 ha, an area more than eleven times the size of New York City. Auryx has a 100% interest in all of the new licences except one, in which case the interest is 92%. [Read more...]

GEO MINERALS LTD. is pleased to announce that it has successfully amended the terms of the Letter of Intent (“Agreement”) with Eurasian Minerals Inc. (“EMX”) through is wholly owned subsidiary Bronco Creek Exploration Inc. (“BCE”), for the Silver Bell West property, to settle certain amounts owed to BCE pursuant to the Silver Bell Agreement. [Read more...]

Latin American Minerals Inc. announced that on July 5, 2011, it signed a definitive Option Agreement (the Agreement) for the potential earn-in and joint venture development of the Company’s Itapoty Diamond Project by Olivut Resources Ltd. Olivut is a Canadian diamond exploration company focused on projects in the NWT, Canada and in Uruguay, South America. The Itapoty Diamond Project is one of several exploration and mining projects being developed by Latin American Minerals in Paraguay. [Read more...]

SouthGobi Resources Ltd. announced today that the Mineral Resource Authority of Mongolia (MRAM) has issued mining license MV-016869 to its wholly-owned Mongolian operating subsidiary SouthGobi Sands LLC. The new license pertains to the resource previously disclosed by the Company under NI 43-101 standards as the Soumber Deposit. [Read more...]

Silver Quest Resources is pleased to announce that an agreement has been reached with Teck Resources Limited (“Teck”) to amend the terms of a property option agreement dated April 2, 2002. Pursuant to that agreement Teck granted the Company the sole and exclusive right and option to acquire an undivided 100% right, title and interest in and to five mineral tenures located in the Omineca Mining Division of British Columbia (the “Tsacha Property”). Silver Quest’s acquisition of Teck’s interest in the Tsacha Property was subject to a two-tier net smelter return (“NSR”) royalty (which at present gold prices, range from a minimum of 4.0% to a maximum of 4.5% payable on all metals produced) as well as a back-in right reserved to Teck on the Tsacha Property and adjacent lands held by the Company. [Read more...]