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...]
Geo Minerals Amends Terms of Lease Option Agreement of Silver Bell West in Arizona and Terminates Lease Option Agreement of Copper Springs in Arizona
July 6, 2011 By Leave a Comment
Tao Minerals Ltd. Signs LOI to Acquire Las Aquadas Property
July 6, 2011 By Leave a Comment
Tao Minerals Ltd. is pleased to announce the signing of a Letter of Intent (LOI) to acquire the Las Aquadas property from Bullet Holding Corp of Medellin, Colombia. The Las Aquadas property is located in the Caldas Dept and approximately 120 kilometers south east of Medellin, Colombia.
The due diligence period for each of the parties is to be completed by September 30, 2011 and all terms and conditions concerning this proposed transaction will be set forth in a definitive agreement that will be subject to the approval of the parties. [Read more...]
NovaGold Second Quarter 2011 Financial Results and Webcast
July 6, 2011 By Leave a Comment
NovaGold Resources Inc. will release its second quarter financial results on Wednesday, July 13, to be followed by a conference call and webcast on Thursday, July 14, at 8:30am PST (11:30am EST).
Webcast: http://www.novagold.net/
Dial-in details: North America: 1-866-212-4491 – International: 416-800-1066 [Read more...]
Canamex and GMV Enter into Option Agreement on Large Prospective Gold Acreage in Guyana
July 6, 2011 By Leave a Comment
Canamex Resources Corp. and GMV Minerals Inc. through its wholly-owned subsidiary GMV Guyana Resources Inc., are pleased to announce they have entered into an option and joint venture agreement covering a large land package containing nominally 98,000 acres in a highly prospective gold region in Guyana, subject to receipt of regulatory approval. The land package is referred to as Aranka North, and lies to the northeast of the major gold discoveries by Guyana Goldfields at Aurora and Sulfur Rose, and their reported new discovery at Aranka, all of which lie along a northeast trend. The Aranka North land package lies further to the northeast along this well-mineralized and highly prospective gold trend. There is active alluvial mining going on within the land package along the Waini River system, and management believes the source of the alluvial gold is in the outcropping and shallow bedrock at the headwaters of the gold-bearing alluvial drainages within the land package. [Read more...]
Alderon Strengthens Mining Team With Addition of Former Iron Ore Company Vice President as Chief Executive Officer
July 6, 2011 By Leave a Comment
Alderon Resource Corp. is pleased to announce the addition of Mr. Tayfun Eldem, P.Eng. as the President and Chief Executive Officer of the Company effective as of September 7, 2011, at which time Mr. Mark J. Morabito will assume the role of Executive Chairman and Mr. Stan Bharti will assume the role of Vice Chairman. [Read more...]
Latin American Minerals Signs Option Agreement With Olivut Resources for Development of Latin American’s Itapoty Diamond Project
July 6, 2011 By Leave a Comment
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...]
Largo Begins Drill Program for Current Prefeasibility Study at Northern Dancer Tungsten-Molybdenum Project, Yukon
July 6, 2011 By Leave a Comment
- Drilling 6 holes totalling 1,400 metres for representative sample sufficient for metallurgical test work to support current prefeasibility study (PFS)
- Drilling 7 holes totalling 3,600 metres to upgrade a significant portion of the existing resource from Inferred to the Indicated category to support the PFS
- A number of other engineering and environmental studies related to the PFS are underway including water sampling, bird survey and energy study
Largo Resources Ltd. announced today that it has begun a 13-hole, 5,000-metre diamond drill program on the Company’s 1,500 hectare Northern Dancer Tungsten-Molybdenum property which straddles the Yukon-British Columbia border 290 kilometres east of Whitehorse. [Read more...]