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[unknown placeholder $cat.num$] Last Updated: Mar 19, 2007 - 3:12:58 AM |
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Materials
Nilam Resources Inc. Receives Equity Financing Commitment From Institutional Investors for $3 Million
TORONTO, ONTARIO -- (MARKET WIRE) -- 04/14/08 -- Nilam Resources Inc. (OTCBB: NILR)(FRANKFURT: 3NL) is pleased to announce that the company has received a financing commitment for $3 million. The financing will be used to complete the purchase of the company's Pativilca mine located in Peru and to increase production on the Pativilca mine. The Pativilca mine has a fully modernized and operational plant on site with production capacity currently at 50 tons/day. $1.5 million dollars will be used for full acquisition of mine and the remaining capital will be used for increase plant production capacity to 500 tons/day. Upon full acquisition the mine revenues are estimated at approx $9 annually and upon increase to 500 tons a day will increase revenues ten fold to approx $90 mm annually. The funds from the financing will give 'Nilam' full ownership of the revenue generated from all gold production at the Pativilca property.
Apr 14, 2008 - 2:36:02 AM
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Vena Resources Advances Esquilache Polymetalic Project in Puno Peru
TORONTO, ONTARIO -- (MARKET WIRE) -- 04/14/08 -- Vena Resources Inc. ("Vena" or the "Company") (TSX: VEM)(LIMA: VEM)(FRANKFURT: V1R) is pleased to announce that the Company has signed a joint venture agreement with Apex Silver adding the historical Esquilache underground silver mine (1,000 hectares) to the 24,000 hectare package 100% already owned by Vena in Puno, Peru.
Apr 14, 2008 - 2:36:02 AM
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SDRL - Seadrill secures US$4.1 billion of contracts in Brazil
HAMILTON, BERMUDA -- (MARKET WIRE) -- 04/14/08 --
Apr 14, 2008 - 2:36:01 AM
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Mineral Deposits Signs US$35 Million Bank Debt Facility
MELBOURNE, AUSTRALIA -- (MARKET WIRE) -- 04/13/08 -- Mineral Deposits Limited (TSX: MDM)(ASX: MDL) is pleased to announce that it has executed documentation and commenced drawdown of the first component of a debt financing package for the further construction and development of the Sabodala Gold Project ("Sabodala") located in the Republic of Senegal, west Africa. The US$35 million Revolving Working Capital Facility has been provided by RMB Australia Holdings Limited and Macquarie Bank Limited.
Apr 13, 2008 - 4:36:01 PM
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RX Exploration Inc. Completes $1.9 Million Private Placement
TORONTO, ONTARIO -- (MARKET WIRE) -- 04/11/08 -- RX Exploration Inc. ("the Company") (CNQ: RXEX) is pleased to announce that it has completed a $1,916,800 private placement consisting of a total of 4,792,000 units at a price of $0.40 per unit through IBK Capital Corp. of Toronto. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one additional common share for two years at $0.60 per share. The securities issued are subject to a four month hold period. The placement resulted in net proceeds of $1,750,588 which will be used primarily to finance the ongoing underground drilling and rehabilitation program on the company's Drumlummon Mine in Montana, one of the larger former producers of gold and silver in the Western United States. It is of the "bonanza"- type epithermal deposits which are very young and low temperature in origin and which can produce high grades over large widths. The proceeds will also be used for general administrative expenses and working capital.
Apr 11, 2008 - 6:36:02 PM
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Canadian Shield Closes Private Placement Financing
TORONTO, ONTARIO -- (MARKET WIRE) -- 04/11/08 -- Canadian Shield Resources Inc. (TSX VENTURE: CSP) ("Canadian Shield" or the "Company") is pleased to announce it has completed a non-brokered expedited private placement of 1,007,002 Units at a price of $0.15 per Unit for gross proceeds of $151,050.
Apr 11, 2008 - 5:36:01 PM
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Soltera Mining Corp. Expands its Major Golden Opportunity Geochemical and Structural Survey Results from El Torno, Argentina
JUJUY, ARGENTINA -- (MARKET WIRE) -- 04/11/08 -- Soltera Mining Corp. (OTCBB: SLTA)(FRANKFURT: SN7) Soltera wishes to announce the results of geochemical and structural surveys on the El Torno gold property in Argentina. The property, consisting of mining rights covering 7,863 hectares, contains a 14 km long north-south quartz vein system that cuts metamorphosed sedimentary rocks. A central part of the vein shows old workings, and drilling by Puma Minerals and Penoles in the late 1990s over about 1 km discovered a gold rich zone on the western side of the vein carrying up to 37 gpt (grams per ton) gold and identified stockwork systems in the country rock with up to 112 gpt gold.
Apr 11, 2008 - 4:36:01 PM
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Continental Precious Minerals-Second Update of Inferred and Indicated Resource Estimates on Viken MMS Licence
TORONTO, ONTARIO -- (MARKET WIRE) -- 04/11/08 -- Further to the news release issued by Continental Precious Minerals Inc. (TSX: CZQ) (the "Company" or "Continental") on February 28, 2008 respecting the Company's 100% owned multi-metal sediment ("MMS") Viken mineral exploration licence ("Viken MMS Licence") in Sweden, Gerald A. Harron ("Harron") of G.A. Harron & Associates Inc., Eugene Puritch of P&E Mining Consultants Inc. and Fred Brown of FHB Consulting Services Inc., each an independent "qualified person" within the meaning of National Instrument 43-101, have updated the resource estimate for the Viken MMS Licence contained in Harron, Brown and Puritch's report of April 11, 2008. An updated National Instrument 43-101 compliant technical report is being filed on SEDAR today and will be available under the Company's profile at www.sedar.com.
Apr 11, 2008 - 4:36:01 PM
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Timminco Appoints John Fenger as New President of Magnesium Business
TORONTO, ONTARIO -- (MARKET WIRE) -- 04/11/08 -- Timminco Limited ("Timminco")(TSX: TIM) today announced that John Walsh, President - Magnesium Division and a member of the Board of Directors of Timminco, has resigned to pursue other opportunities.
Apr 11, 2008 - 4:36:01 PM
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Metco Shareholders' Approve Business Combination With Breakwater
MONTREAL, QUEBEC -- (MARKET WIRE) -- 04/11/08 -- Shareholders of Metco Resources Inc. (TSX VENTURE: MKO) have voted overwhelmingly in favour of a business combination of Metco and Breakwater Resources Ltd.
Apr 11, 2008 - 3:36:01 PM
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Metco Shareholders' Approve Business Combination With Breakwater
TORONTO, ONTARIO -- (MARKET WIRE) -- 04/11/08 -- Breakwater Resources Ltd. (TSX: BWR) -
Apr 11, 2008 - 3:36:01 PM
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Typhoon Issuing Stock Options
LAVAL, CANADA -- (MARKET WIRE) -- 04/11/08 -- Typhoon Exploration Inc. ("Typhon") (TSX VENTURE: TOO) announces under the Company's Stock Option Plan the granting of 1,475,000 options on April 10, 2008.
Apr 11, 2008 - 1:36:01 PM
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Koppers Holdings Inc. Schedules First Quarter 2008 Conference Call
PITTSBURGH, PA -- (MARKET WIRE) -- 04/11/08 -- Koppers Holdings Inc. (NYSE: KOP) intends torelease its first quarter 2008 financial results before the opening of themarkets on Thursday, May 8, 2008, and to discuss its results on aconference call later that day at 11:00 a.m. EDT.
Apr 11, 2008 - 12:36:01 PM
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Potash One Implements its Strategic Development Plan for its Saskatchewan KP 416 and 417 Permit Applications
VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 04/11/08 -- Potash One Inc. (the "Company" or "Potash One") (TSX VENTURE: KCL) is pleased to announce that it has agreed to sell the two permit applications it recently acquired (see our news releases of March 26th, 2008 and April 9th, 2008) to 0821474 B.C. LTD., a private British Columbia company which is at arms length to the Company. The permit applications were part of a package of three permits and two permit applications acquired by the Company.
Apr 11, 2008 - 12:36:01 PM
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Stingray Copper Inc.: Starter Pit Drilling Complete and Metallurgical Program Underway at El Pilar, Mexico
TORONTO, ONTARIO -- (MARKET WIRE) -- 04/11/08 -- Peter Mordaunt, CEO and Chairman of Stingray Copper Inc. ("Stingray")(TSX: SRY)(TSX: SRY.WT) reports that these additional (18) holes, drilled to infill and expand the Starter Pit Area at the north margin of the El Pilar resource, complete the drilling of this approximate half square kilometer area. Material from these drill holes has been analyzed and composited to represent the material that is expected to be mined from the Starter Pit Area as has been determined from the Company's geological/resource modeling. This metallurgical program is ultimately designed to optimize copper recovery and sulphuric acid consumption in the copper leaching process. The complete metallurgical program is being conducted by Metcon Research Inc.
Apr 11, 2008 - 12:36:01 PM
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Titan Uranium Options Athabasca Properties to Vale Exploration Canada
SASKATOON, SASKATCHEWAN -- (MARKET WIRE) -- 04/11/08 -- Titan Uranium Inc. ("Titan" or the "Company") (TSX VENTURE: TUE), a North American generative explorer focused on identifying high-value uranium exploration projects for joint venture with industry partners, is pleased to announce the signing of an agreement with Vale Exploration Canada, a wholly-owned subsidiary of Companhia Vale do Rio Doce (VALE).
Apr 11, 2008 - 11:36:03 AM
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Greencastle Reports Year End Results and Provides Update
TORONTO, ONTARIO -- (MARKET WIRE) -- 04/11/08 -- Greencastle Resources Ltd. ("Greencastle," or the "Company,") (TSX VENTURE: VGN) is pleased to report on the Company's financial performance for 2007. This summary of financial highlights should be read in conjunction with the Company's 2007 audited financial statements and Management's Discussion and Analysis available on www.sedar.com.
Apr 11, 2008 - 10:36:01 AM
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Fortress Financial Group, Inc. -- Update
NEW YORK, NY -- (MARKET WIRE) -- 04/11/08 -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) updates its stockholders on various transactions.
Apr 11, 2008 - 10:36:01 AM
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Raytec Closes First Tranche of Institutional Financing
VANCOUVER, BC -- (MARKET WIRE) -- 04/11/08 -- Raytec Metals Corp. (the "Company") (TSX-V: RAY) (FRANKFURT: XZT) (PINKSHEETS: RAYMF) is pleased to announce receipt ofregulatory approval, and subsequent closing of the first tranche of thepreviously announced private placement. In the first tranche, closed onMarch 25, 2008, the Company received gross proceeds of $3,883,000 inconsideration of the issuance of 8,628,887 units at a price of $0.45 perunit.
Apr 11, 2008 - 9:36:01 AM
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Koppers Awarded Export Order for Railroad Ties
PITTSBURGH, PA -- (MARKET WIRE) -- 04/11/08 -- Koppers Inc., a subsidiary of KoppersHoldings Inc. (NYSE: KOP), announced today that it will be providingapproximately 360,000 railroad crossties for new tracks being installedfor mining operations in West Africa. The company began shipping thematerial at the end of March. The total order, which also includes switchties and bridge lumber, has a value of approximately $20 million.
Apr 11, 2008 - 9:36:01 AM
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DSM Management appointments
HEERLEN, NETHERLANDS -- (MARKET WIRE) -- 04/11/08 --
Apr 11, 2008 - 8:36:02 AM
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Monroe Minerals Reports 2007 Results
CALGARY, ALBERTA -- (MARKET WIRE) -- 04/11/08 -- Monroe Minerals Inc. (TSX VENTURE: MMX) reported today its financial results and operational highlights for 2007.
Apr 11, 2008 - 8:36:02 AM
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Alberta Star Intersects 3.0 Meters of 25.3 g/ton Silver at the Camelback IOCG & Uranium Target
VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 04/11/08 -- Alberta Star Development Corp. (the "Company") (TSX VENTURE: ASX)(OTCBB: ASXSF)(FRANKFURT: QLD) is pleased to report that the Company has received assay results from the final four holes of a seventeen hole drill program from the 2007 summer/fall drill program at the Camelback IOCG & uranium target. The Company encountered 3.0 meters of 25.3 g/ton silver in drill hole number CB-07-08.
Apr 11, 2008 - 8:36:02 AM
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South American Silver Reports Updated Positive Metallurgy at Malku Khota
VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 04/11/08 -- South American Silver Corp. ("SASC" or the "Company"), (TSX: SAC), is pleased to announce that it has completed the next series of laboratory tests on two samples from the Malku Khota silver-indium-gold project in Bolivia. The latest heap leach amenability tests were performed on two samples to test for the extraction of silver and indium, using coarser material than was used in the initial tests. The coarser material in these latest tests is intended to give results that are more representative of extractions that would be expected in a commercial heap leach application. The results of these latest tests are very encouraging.
Apr 11, 2008 - 8:36:02 AM
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Russel Metals Inc.: NOTICE-2008 First Quarter Results Conference Call
TORONTO, ONTARIO -- (MARKET WIRE) -- 04/11/08 -- Russel Metals Inc. (TSX: RUS) -
Apr 11, 2008 - 6:36:01 AM
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Donner Metals Ltd.: High Grade Discovered Between Bracemac and McLeod
VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 04/10/08 -- Mr. Harvey Keats, Chief Executive Officer of Donner Metals Ltd. (TSX VENTURE: DON)(FRANKFURT: D4M), reports that exploratory drill hole MC-08-36 has discovered previously unknown massive sulphides at a depth of 110 metres that grade 18.10% zinc, 3.14% copper, 61.28 g/t silver and 1.37 g/t gold over 4.18 metres. This interval is 190 metres stratigraphically above the Key Tuffite horizon and located between the Bracemac and McLeod areas. High grade sulphides, grading 15.64% zinc, 0.51% copper, 31.19 g/t silver and 0.65 g/t gold over 2.75 metres, were also encountered in drill hole BRC-08-67 that extended the Bracemac Key Tuffite Zone. Exploratory drill hole MC-08-34, a deep test 470 metres down-dip from the New McLeod Zone, intersected 2.12 metres grading 10.81% zinc, 1.35% copper, 37.72 g/t silver and 0.59 g/t gold also at the Key Tuffite horizon. Two drill holes (MC-05-20W2, drilled west of the New McLeod Zone and MC-08-35, drilled up-dip of the Old McLeod Zone) both intersected high grade copper stringers in the alteration zone near the Key Tuffite horizon.
Apr 10, 2008 - 7:36:01 PM
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Verena Receives Positive Results from Drilling on the Lavrinha Project, Brazil
TORONTO, ONTARIO -- (MARKET WIRE) -- 04/10/08 -- Verena Minerals Corporation (TSX VENTURE: VML) (the "Company" or "Verena") is pleased to announce the results of the due diligence exploration program carried out in January and February 2008, on the Lavrinha Project, Goias State, Brazil. The objective of the project was to determine the average gold grade and density of quartz veins and veinlets. A total of 21 point grab samples were collected from bedrock exposures and 10 shallow diamond core holes were drilled, totaling 1,028 metres.
Apr 10, 2008 - 4:36:02 PM
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Diamond Frank Issuing Stock Options
LAVAL, CANADA -- (MARKET WIRE) -- 04/10/08 -- Diamond Frank Exploration Inc. ("Diamond Frank") (TSX VENTURE: DOD) announces under the Company's Stock Option Plan the granting of 700,000 options on April 10, 2008.
Apr 10, 2008 - 4:36:02 PM
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Stillwater Mining Company to Present at RBC Capital Markets PGM Mining Conference
BILLINGS, MT -- (MARKET WIRE) -- 04/10/08 -- STILLWATER MINING COMPANY (NYSE: SWC)announces that Frank R. McAllister, Chairman and Chief Executive Officerwill be speaking on Tuesday, April 15th at approximately 1:10 p.m. (EasternTime) at the RBC Capital Markets PGM Mining Conference being held in NewYork, New York.
Apr 10, 2008 - 3:36:01 PM
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CCM Research Issues Technical Research Report on Yukon Gold Corp.
TORONTO, ONTARIO -- (MARKET WIRE) -- 04/10/08 -- Yukon Gold Corporation Inc. (TSX: YK)(OTCBB: YGDC) -
Apr 10, 2008 - 3:36:01 PM
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Polar Star Receives $975,000 From Warrants Exercised Early
TORONTO, ONTARIO -- (MARKET WIRE) -- 04/10/08 -- Polar Star Mining Corporation ("Polar Star" or the "Company") (TSX VENTURE: POS)(PINK SHEETS: POSRF) announces the early exercise of 1,000,000 warrants priced at $0.65 per warrant with a June, 2008 expiry date and 325,000 warrants priced at $1.00 with a February, 2009 expiry date.
Apr 10, 2008 - 3:36:01 PM
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Carmax Explorations Ltd.: Eaglehead Property Update
VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 04/10/08 -- Carmax (TSX VENTURE: CMX) is pleased to announce that it will be commencing its 2008 exploration season on the Eaglehead property with two drill rigs commencing in the first week in June weather permitting, with a third rig possibly being added later.
Apr 10, 2008 - 3:36:01 PM
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Ucore Uranium Receives 2008 Drill Permit for Bokan Mountain
VANCOUVER, BC -- (MARKET WIRE) -- 04/10/08 -- Ucore Uranium Inc. (TSX-V: UCU) is pleased toprovide an update on the Bokan Mountain uranium project in southeastAlaska.
Apr 10, 2008 - 2:36:01 PM
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CCM Research Issues Technical Research Report on Premium Exploration, Inc.
TORONTO, ONTARIO -- (MARKET WIRE) -- 04/10/08 -- CCM Research Chief Technical Analyst, Jason Suttmeier, has written a technical research report on Premium Exploration, Inc.
Apr 10, 2008 - 2:36:01 PM
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Pure Nickel Announces Initial Results From Its William Lake Drill Program
TORONTO, ONTARIO -- (MARKET WIRE) -- 04/10/08 -- Pure Nickel Inc. (TSX: NIC)(OTCBB: PNCKF) is pleased to provide an update on results from the first 7 holes of its winter drill program at its William Lake Property located in the southern portion of the Thompson Nickel Belt, Central Manitoba. The property is owned 100% by Pure Nickel Inc.
Apr 10, 2008 - 2:36:01 PM
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