Canadian News Wire

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

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

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

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.

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

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

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 […]

Silver Predator options Illinois Creek silver-gold property in Alaska

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

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

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

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.

Endeavour Mining Reports Q1 2011 cash flow from mine operations of $6.6 million and on track to product 84,000 ozs in 2011

Endeavour's Youga Mine in Burkina Faso produced 20,056 ounces of gold during Q1 2011 at cash cost of $664 per ounce sold1. Endeavour reiterated its production guidance for 2011 with a production target of 84,000 ounces of gold at cash cost of approximately $600 per ounce sold1. At March 31, 2011, the Corporation had cash & equivalents and marketable securities of $196 million and was debt-free.

Stornoway announces 56% increase in Renard diamond price estimate

Stornoway Diamond Corporation (TSX:SWY) is pleased to announce the results of a recent diamond valuation exercise undertaken in support of the ongoing feasibility study at the Renard Diamond Project, Stornoway's 100% owned flagship project located in north central Québec. The diamond valuation was performed under the supervision of WWW International Diamond Consultants Ltd. ("WWW") in Antwerp, Belgium between May 9th-13th, 2011.

Helio makes a significant new gold-copper-silver discovery at the Gold Kop target, Damara gold project, Namibia

Helio Resource Corp. (TSX-V: HRC) is very pleased to report the first diamond drill results from the current drill programme at the Gold Kop Target, on its 100%-owned Damara Gold Project (DGP) in Namibia. The Gold Kop Target is situated 45km northeast of AngloGold Ashanti's (AGA) Navachab gold mine (see map at

Silvermex Files Form 40-F With U.S. Securities and Exchange Commission

Silvermex Resources Inc. ("Silvermex") (TSX:SLX) announces the filing of its 2010 annual report on Form 40-F with the United States Securities and Exchange Commission ("SEC"), pursuant to section 13 of the United States Securities Exchange Act of 1934.

Guyana Frontier Reports Drilling Results from Favourable Lake Project

Guyana Frontier Mining Corp. ("Guyana Frontier", formerly known as Shoreham Resources Ltd.) is pleased to announce the results of a diamond drilling program on the Borland Lake target area at the Favourable Lake Project in Ontario, Canada. The Favourable Lake Project, located approximately 200 kilometres north of Red Lake, Ontario, is a joint venture between Guyana Frontier, which holds a 70.3% interest, and Gold Canyon Resources Inc., which holds a 29.7% interest.

Shell to announce major milestone with Minister of Aboriginal Relations and First Nations Leaders

Media are invited to Shell Canada's kickoff to Aboriginal Awareness Week (June 13-17) where Lorraine Mitchelmore, Shell Canada President and Country Chair and the Honourable Len Webber, Minister of Aboriginal Relations, will be making an announcement.

Taseko announces first quarter 2011 earnings results

Taseko Mines announces first quarter earnings of $5.7 million, or $0.03 per share. Adjusted earnings1 were $10.8 million, or $0.06 per share, a 48% increase over the $7.3 million reported in the first quarter of 2010.

Hathor's summer expansion drilling is underway at Roughrider's far east zone

Hathor Exploration Limited (TSX:HAT) is pleased to announce that the 2011 summer diamond drill program is underway at the Roughrider Uranium Deposit in the Athabasca Basin of northern Saskatchewan. Two rigs are now on site and drilling has begun. The program will run for approximately 8 weeks, with some 7,000 metres of drilling planned. The drill program will be extended for as long as the mineralization at Far East remains open to the east.

Solid extends high grade mineralized zone at Doade-Presqueiras rare metals project, Spain

Solid Resources Ltd. "SOLID" or the "Company" TSXV: SRW Frankfurt: YRS is pleased to provide assay results from an additional 4 holes drilled as part of the Phase 3 program that is currently underway at the Companys 100% owned Doade-Presqueiras rare metals project in North-western Spain, 25 km east of the port city of Pontevedra. Hole S0-11-04, which was previously pending is now included. The results of hole S0-11-12 deserves special recognition for two reasons: firstly because results like this are the best to date in the northern section of the property known as the Presqueiras area.

Uranium Energy Corp Reports Fiscal Third Quarter Production Results and Provides Operations Update

Uranium Energy Corp (NYSE AMEX:UEC, the "Company") is pleased to report its financial and production results for the nine months ended April 30, 2011.  Major highlights during the third quarter include the following: Results continue to indicate low-cost production profile: During the third quarter, which incorporates our first full quarter of Palangana Mine production, we produced 49,000 pounds of U3O8 in inventory, including work-in-progress, versus 21,000 pounds in the previous quarter. 

Harry Winston Diamond Corporation reports fiscal 2012 first quarter results

Harry Winston Diamond Corporation (TSX: HW) (NYSE:HWD) (the "Company") today announced its first quarter Fiscal 2012 results for the quarter ending April 30, 2011. Robert Gannicott, Chairman and Chief Executive Officer stated, "This quarter's results reflect improving rough diamond prices combined with increasing sales and profit for the luxury brand segment.

CanAlaska Uranium to list on the Toronto Stock Exchange

CanAlaska Uranium Ltd. (TSXV: CVV)  ("CanAlaska" or the "Company") is pleased to announce that its common shares will be listed and commence trading on the Toronto Stock Exchange ("TSX") within the next two weeks.  The company's current trading symbol, CVV, will remain unchanged. "This graduation to the senior TSX board represents another milestone in the development of CanAlaska Uranium," said Mr. Peter Dasler, President & CEO.

Proposed Marathon Platinum Group Metals and Copper Mine Project in Ontario: Availability of $150,000 to Support Participation in the Environmental Assessment-Phase II

The Canadian Environmental Assessment Agency the Agency is making available $150,000 under its Participant Funding Program to assist groups and individuals to participate in the environmental assessment process of the proposed Marathon Platinum Group Metals and Copper Mine Project in Ontario.

Evolving Gold intersects 14.7 meters at 8.76 gpt Gold Carlin Trend, Nevada

Evolving Gold reported that wedge hole CAR-010.1 intersected 21.5 meters at 6.56 gpt (grams per tonne) gold (70.5 feet at 0.192 opt (oz per ton) gold) including 14.7 meters at 8.76 gpt gold (48.2 feet at 0.256 opt gold) at its Carlin project in Nevada. This wedge hole was drilled from diamond drill hole CAR-010 which intersected 10.1 meters at 11.09 gpt gold (news release, April 14, 2011). The intersection in CAR-010.1 lies approximately 10 meters east of the intersection reported in CAR-010.

Iron Creek retains investor relations consultants

Iron Creek Capital Corp. (TSX-V: IRN) is pleased to announce that it has engaged Contact Financial Corp. ("Contact") to develop and execute a comprehensive marketing and investor communications program to help raise awareness of the […]