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...]
Mag Copper Announces Addition to Board
June 17, 2011 By Leave a Comment
NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA
Mag Copper Limited announces that John Cullen has been appointed a director of the Company.
Mr. Cullen has over 25 years experience in public company financing, corporate/capital structuring and management. Following 15 years of investment brokerage experience, Mr. Cullen founded a number of public international resource companies, including CGX Energy Inc. and Candax Energy Inc. Mr. Cullen is a founder/board member of a number of oil and gas and mining enterprises.
In connection with the appointment, Michael Whitney has resigned as Director of the Company.
Shares Outstanding: 19,232,805
Inmet Mining Presentation at RBC Capital Markets’ 5th Annual Global Mining & Materials Conference
June 17, 2011 By 1 Comment
Mr. Jochen Tilk, President and Chief Executive Officer of Inmet Mining Corporation, will be speaking on Wednesday, June 22, 2011 at 9:00 a.m. Eastern Time at the RBC Capital Markets’ 5th Annual Global Mining & Materials Conference being held in Toronto, Ontario at the Le Méridien King Edward Hotel, 37 King Street East, in the Vanity Fair Ballroom on the second floor. You are cordially invited to listen to the webcast at http://www.wsw.com/webcast/rbc133/imn.to. Slides of the presentation will be available on Inmet’s website prior to the presentation. [Read more...]
Silvercrest Announces Appointment of New Director, Reconfirmation of Shareholder Rights Plan and Grant of Stock Options
June 17, 2011 By Leave a Comment
SilverCrest Mines Inc. is pleased to announce that at the Company’s Annual General Meeting of shareholders held on June 15, 2011, the shareholders of the Company re-elected J. Scott Drever, Barney Magnusson, George Sanders and Graham Thody to the Board of Directors, and elected Ross Glanville as a new member of the Board.
Mr. Glanville has over forty years of resource-related experience in numerous countries, and has been involved in the exploration, financing, development, and operation of a number of mines. Mr. Glanville has specialized in valuations, fairness opinions, and litigation support, often as expert witness, related to the mining and exploration industry. [Read more...]
Osisko Submits Notice of Termination in Duparquet Project
June 17, 2011 By Leave a Comment
Osisko Mining Corporation has notified Clifton Star Resources Inc. of its decision to terminate its participation in the Duparquet Mining Camp Project in accordance with the Option and Joint Venture Agreement (the “Agreement”). Under the terms of the Agreement, a 30-day notice is required prior to the termination becoming effective.
Osisko Mining Corporation is currently commissioning the Canadian Malartic Gold Project, evaluating adjacent areas for a large-scale open pit, bulk-tonnage mining operation and pursuing exploration of the Hammond Reef Gold Project in Northern Ontario.
Marifil Signs Definitive Letter of Intent for the K-2, K-3, and K-4 Potash Properties
June 17, 2011 By Leave a Comment
Marifil Mines Ltd. announces that it has signed a definitive Letter of Intent (“LOI”) with Saccharum Energy Corp. of Calgary, AB, for the K-2 Potash property in Neuquen Province and the K-3 and K-4 Potash properties in Mendoza Province, Argentina. This LOI revises the original Agreement to include the terms of a proposed joint venture between the Company and Saccharum whereby Saccharum can earn up to a 70% interest in Marifil’s K-2, K-3, and K-4 properties.
In summary Saccharum agrees to pay Marifil US$1,500,000 in cash; pay Marifil up to 9,000,000 shares of Saccharum common stock, and perform a minimum of US$12,000,000 in work to earn a 70% interest in all three properties. [Read more...]
Andean American Gold Provides Invicta Project Update
June 17, 2011 By Leave a Comment
Andean American Gold Corp. is pleased to provide an update on its Invicta gold project, located in the mineral rich Western Pre-Cordillera of the Peruvian Andes.
Surface Land Use Agreements
Negotiations regarding the Surface Land Use Agreements are continuing with the local communities, though at a slower pace than anticipated due to the recent municipal elections in the area, which required the attention of community leaders. Andean has positive and constructive relationships with the local communities and is focused on completing these agreements as soon as possible. Most of the community agreements required to access the land for infrastructure development to support a mine at Invicta have been signed. [Read more...]