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Mining & Metals

BOWMORE Signs a Letter of Intent to Acquire 100% of the La Scie Gold Property in Newfoundland, Canada 0

MONTREAL, QUEBEC — (Marketwire) — 02/13/13 — BOWMORE Exploration Ltd. (the "Company" or "Bowmore") (TSX VENTURE: BOW)(FRANKFURT: 0B5) is pleased to announce that it has signed a Letter Of Intent (the "LOI") to acquire 100% of the La Scie Gold Property (the "Property"), located in Newfoundland, Canada from Mr. Jason Burton, prospector. The LOI states that a formal Option Agreement (the "Agreement") is to be entered into on or before March 15t

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Quest Rare Minerals Appoints Anil Singh as Vice-President, Investor & Corporate Affairs 0

TORONTO, ONTARIO — (Marketwire) — 02/13/13 — Quest Rare Minerals Ltd. (TSX: QRM)(NYSE MKT: QRM)(NYSE Amex: QRM) is pleased to announce that Anil Singh will join Quest-s marketing and investor affairs team as Vice-President, Investor & Corporate Affairs, effective February 18."We are delighted that Mr. Singh is joining the Quest Team," said Peter Cashin, Quest-s President and Chief Executive Officer. "Anil-s academic background and his financial market experience, acquired

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Ascot Updated Resource Estimate Significantly Increases Grade and Tonnage at Premier 0

VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 02/13/13 — Ascot Resources Ltd. (TSX VENTURE: AOT) (the "Company") is pleased to announce that P&E Mining Consultants Inc. ("P&E") has completed an updated independent National Instrument 43-101 compliant mineral resource estimate for the Company-s Premier property located near Stewart, British Columbia. The updated mineral resource estimate incorporates the Big Missouri and Martha Ellen deposits and replaces the previ

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Turquoise Hill Signs Binding Agreement With Sumeru Gold for Sale of Altynalmas Gold Stake 0

VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 02/13/13 — Turquoise Hill Resources (TSX: TRQ)(NYSE: TRQ)(NASDAQ: TRQ) today announced that it has signed a binding agreement with Sumeru Gold BV for the sale of the company-s 50% interest in Altynalmas Gold Ltd (Altynalmas) for a total cash consideration of US$300 million. Completion of the proposed transaction is subject to customary closing conditions, including regulatory approvals from the Republic of Kazakhstan-s competent authorities.Altyn

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Aroway Energy Inc. Announces 2012 Year-End Production 0

CALGARY, ALBERTA — (Marketwire) — 02/13/13 — AROWAY ENERGY INC. (TSX VENTURE: ARW)(OTCQX: ARWJF) () (the "Company") is pleased to announce the Company-s 2012 year-end production rate of 1,020 barrels of oil equivalent per day ("boe/d") with 90% oil weighting and an additional 100 boe/d of natural gas currently behind pipe.Chris Cooper, President & CEO commented, "Today-s production announcement is a remarkable achievement and a reflection of the hard work by bot

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Everton Discovers New Mineralized Zones at Ponton 0

OTTAWA, ONTARIO — (Marketwire) — 02/13/13 — Everton Resources Inc. ("Everton" or the "Company") (TSX VENTURE: EVR)(FRANKFURT: ERV)(OTCQX: EVRRF) is pleased to announce the discovery of a new mineralized zone on the Ponton property. Surface reconnaissance conducted as part of a follow up of a stream sediments survey, has uncovered mineralization as outcrop and float in two drainages situated in the south-central sector of Ponton. Everton currently owns a 50% interest in P

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Aurcana Announces Proposed Share Consolidation 0

VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 02/13/13 — Aurcana Corporation ("Aurcana" or the "Company") (TSX VENTURE: AUN)(OTCQX: AUNFF)(PINKSHEETS: AUNFF) is pleased to announce that is proposing a consolidation of its issued and outstanding common shares on the basis of one (1) post-consolidation common share for every eight (8) pre-consolidation common shares."After carefully considering Aurcana-s growth and strategic objectives, we believe that a consolidation

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India Globalization Capital Reports Third Quarter Net Income of $311,000 and $2.9 Million Increase in Quarterly Revenue 0

BETHESDA, MD — (Marketwire) — 02/13/13 — India Globalization Capital, Inc. (NYSE MKT: IGC), a company competing in the rapidly growing materials and infrastructure industry in India and China, announced financial results for the Third Quarter Ended December 31, 2012.Ram Mukunda, CEO of India Globalization Capital, said, "We are pleased to report profitability this quarter due to our considerable efforts to realign and focus our equipment, processes, and people on the iron ore mining bus

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MDN Announces Tulawaka Year-End 2012 Operational Results 0

MONTREAL, QUEBEC — (Marketwire) — 02/13/13 — MDN Inc. ("MDN") (TSX: MDN) notifies its shareholders that African Barrick Gold plc (ABG), the project operator of the Tulawaka gold mine in Tanzania in which MDN has a 30% participating interest, announced fourth quarter and annual operational results.ABG have successfully extended the life of this operation consistently in the last three years; however as part of ABG Operational Review, ABG have taken the decision not to further exten

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