Canadian News Wire

Bell Copper commences drilling a 3 km by 5 km copper-molybdenum porphyry target at Kabba, Arizona

Posted on June 27, 2011

Bell Copper announced that the Company has commenced drilling at its 100% owned Kabba project in north-western Arizona.

Bell believes that their efforts to date have resulted in the discovery of the top of a major Laramide porphyry copper-molybdenum system.

CGA plans a near threefold increase in exploration expenditure

Posted on June 27, 2011

The Board of CGA Mining announced a substantial increase in planned exploration expenditure at the Masbate Gold Project.

In the twelve months to 30 June 2011 CGA spent $7M on exploration, drilling 51,900m. Having now fully geared up the exploration program and with six rigs dedicated to exploration drilling, CGA is planning a near threefold increase in exploration expenditure in the next financial year.

Tyhee starts feasibility study on Yellowknife gold project

Posted on June 27, 2011

Tyhee Gold Corp. a late stage development company, announced on Monday that the board of directors has approved management's recommendation for a Feasibility Study on the Yellowknife Gold Project. 

Colibri reports more drill results at Ramard; 311 grams per tonne silver, 2% lead, and 3.4% zinc between 37 and 38 meters depth, plus multiple intervals of silver-lead-zinc.

Posted on June 22, 2011

Colibri Resource Corporation reports final results from a 2400 meter drill program at the Ramard silver project, in Sonora, Mexico. The Ramard property consists of over 4000 hectares of mineral concessions located 100 km north of the city of Hermosillo, Sonora, wholly owned by Colibri's Mexican subsidiary, Minera Halcones. The Ramard property contains numerous historical artisanal silver mine workings.

Golden Predator intersects 46.7m of 3.78 g/t gold at Carlos Zone, Grew Creek Project, Yukon

Posted on June 22, 2011

Golden Predator Corp. (TSX: GPD) announces the results of an additional six core holes from its winter 2011 drill program at the Carlos Zone, Grew Creek Project, Yukon. All of these holes have intersected significant mineralization including 46.7m of 3.78 g/t gold beginning at a depth of 130.4 m in core hole GC11-276 and 47.3m of 1.02 g/t gold from a depth of 47m in core hole GC11-275.

Capstone Announces Initial Mineral Resource Estimate for Footwall Zone at Cozamin Mine

Posted on June 20, 2011

Capstone Mining Corp. ("Capstone") (TSX: CS) today announced the result of an initial mineral resource estimate for the Mala Noche Footwall Zone ("MNFWZ") at the Cozamin Mine in Zacatecas, Mexico. This is a preliminary resource and exploration is continuing. "The …

Silver Predator options Illinois Creek silver-gold property in Alaska

Posted on June 20, 2011

Silver Predator announced that it has signed an option to acquire a 100%-interest in 125 State of Alaska mining claims comprising the Illinois Creek silver-gold district located in west-central Alaska.

The past-producing Illinois Creek Mine lies in the southern Kaiyuh Mountains in west-central Alaska about 30 kilometers east of the Yukon River and the small village of Kaltag and 90 kilometers south of the town of Galena.

Gold Fields Ghana acquisition approved

Posted on June 20, 2011

Further to the announcement on 15 April 2011, Gold Fields announced that its shareholders have overwhelmingly approved the US$667 million acquisition of IAMGOLD Corporation's 18.9% stake in the Tarkwa and Damang gold mines in Ghana.

Of the 603 million shares (84% of total shares in issues) that were voted at a general meeting 93% were cast in favour of the transaction.

Heatherdale closes $9.3 million financing

Posted on June 16, 2011

Heatherdale Resources announced that it has closed the previously announced non-brokered private placement of 11,314,255 units of its capital at a price of $0.83 per unit for gross cash proceeds of $9,390,831. Each unit consists of one common share and one warrant entitling the holder to purchase an additional common share at a price of $1.20 for a period of 18 months from the closing of the private placement. The common shares and warrants comprising the units are subject to a four month hold period from the closing date, which hold period expires on October 15, 2011.

De Beers Canada and Mountain Province Diamonds Provide Gahcho Kue Project Update

Posted on June 14, 2011

Gahcho Kué JV partners De Beers Canada Inc. (51%) and Mountain Province Diamonds Inc. (49%) (TSX: MPV) (NYSE AMEX: MDM) today announced that they have:

• Approved the Gahcho Kué feasibility study with agreed revisions and clarifications;
• Approved the execution of the necessary development work for the Gahcho Kué project; and
• Mandated the Gahcho Kué project operator to prepare a plan and budget for the development of the Gahcho Kué mine.
• The plan and budget, once approved by the JV partners, will serve as the basis for a final investment decision, which is expected to be made once the partners have clarity on the progress of the environmental review currently underway.