Jinshan Gold Mines changed its name to China International Gold Resources Corp Ltd
gold
As of 17 June 2010, Mr. Xiang Dong Jiang was chosen as a director of the Company. Mr. Jiang is also a management capacity as the vice-president of production. Read more
Close Corex private placement to Gammon Gold
Corex Gold Corp. is pleased to announce a part of the non-brokered private placement closed originally announced on July 8 2010 Gammon Gold Inc. pursuant to which (TSX: GAM) (NYSE: GRS) has acquired 4,706,000 units of the Company at a price of $ 0.68 per unit for proceeds of $ 3,200,080. Corex anticipates the conclusion of the placement of additional 1.694 million units, with other qualified investors next week for total proceeds of $ 4,352,000.
Each unit consists of one common share of the Company (a “common share”) and one half of one transferable common share purchase warrant (each whole warrant, a “Warrant”). Each warrant entitles the holder to exercise this right to purchase additional common shares at a price of $ 0.90 for a period of 24 months after completion of the Offering. All securities issued in connection with the private placement will be subject to a minimum of four months to keep time. After giving effect to the private placement will Gammon Gold owns approximately 12% of the issued and outstanding shares (approximately 14% on a fully diluted basis) of Corex. Under certain conditions, Gammon will be entitled to participate in any future funding from Corex to prevent dilution of its shareholdings. Peter Drobeck, Senior Vice President of Exploration and Business Development for Gammon, was chosen to sit on the Technical Board of Corex. Read more
Conway Resources Completes Acquisition of Rare Metals and Lithium Property Close to First Gold Exploration Discovery
Conway Resources Inc. is pleased to announce that the agreement announced on 02.08.2010, whereby the Company will be a 100% stake in 14 closed contiguous mining claims covering an area of 742 ha in East Main Township, just a few miles north of the first gold property.
The Company’s final terms of the agreement are fulfilled by the second payment of $ 20,000 (for a total of $ 40,000) and the issuance of 400,000 ordinary shares in exchange for the seller claims. Conway will also pay a 5% finder’s fee and the issuance of an additional 20,000 ordinary shares as part of the transaction. Read more
Key Gold Holding Announces Stock Options
Gold Key Holding Inc. announces that its Board of Directors approved June 8, 2010, the grant of 800,000 stock options to certain directors, officers and suppliers to acquire common shares of capital stock of Gold Key Holding Inc.. at an exercise price of $ 0.125 per share until June 8, 2015. This grant of options to purchase shares is made pursuant to the terms of the Option Plan to purchase shares of the Company currently in force.
About Gold Key Holding
Gold Key Holding is a junior exploration company listed on the mining side of the TSX Venture Exchange with a concentration in the gold sector.
Forward Looking Statements
This document contains certain forward-looking statements that involve known and unknown risks, delays and uncertainties that are beyond the control of the Company. The results, performance or achievements of the Company’s actual may differ materially from results, performance or expectations contained in such forward-looking statements. Read more
Preliminary Data Indicates Presence of Gold, Diamonds, and Bauxite in Equatorial Guinea
Sillenger Exploration Corp. an innovative and progressive mineral exploration and claims management company with experience in mining and Business Process Management in Africa, the historical geological and geophysical data for the Rio Muni region of Equatorial Guinea.
Preliminary assessment of the data shows a number of different sites in Rio Muni, which indicate the presence of minerals, especially gold, iron ore, diamonds, bauxite and colombo-tantalum. With the exception of some small-scale placer gold mining, the country has currently no commercial mining. The data were provided by the Ministry of Mines, Industry and Energy in advance of the airborne geophysical survey, which is expected to begin in July.
The upcoming research will contribute to the potential locations of visible deposits, and provide a more detailed reading of the underground structures.
As previously announced, Sillenger, through its relationship with African FCMI Global Inc and its affiliates, has a contract with the Government of Equatorial Guinea to an airborne geophysical survey of the Rio Muni region (27,000 square kilometers) of the conduct Equatorial Guinea, and 30 km from Continental Platform (4,500 square kilometers) from the Atlantic coast. Under the contract Sillenger (FCMI) will be granted exploration mining concessions, including oil and gas concessions, which are revealed by the survey. Read more
Explor to Begin New Diamond Drilling Program on Eastford Lake Property
Explored Resources Inc. welcomes the start of a 2700 meters drilling program on the Eastford Lake Gold Property, program that will focus on gold with intersecting shear zones that are intersected by a major fault structure announcing that trend in a northerly and easterly direction through the Lynx Gold Zone.
The main vein of the Lynx Gold Zone contains visible gold and it seems right to strike in a north-north-westerly direction and steeply dipping to the south southwest. The property is located in Kerr, Warden, Milligan Townships and the Rayner Lake area, south-west of Lake Abitibi, Ontario, 90 km east of the Timmins-Porcupine gold mining camp. The Eastford Lake Property consists of 170 contiguous unpatented mining units for a total of 3100 hectares.
A recent study done by Robert Tremblay of Val-d’Or aimed at identifying structural features and their correlation with gold mineralization. As a result of this investigation, the original interpretative geological map of the gold-bearing zone was developed. The drilling program is based on the positive results obtained in this study. The program is designated to the strike of high-grade mineralization that was found in Hole # 7 fixed. Read more
