ROUYN-NORANDA, QUEBEC, CANADA — (Marketwire) — 10/25/12 — GLOBEX MINING ENTERPRISES INC. (TSX: GMX)(FRANKFURT: G1M)(OTCQX: GLBXF) is pleased to announce proposed private placements by Globex and by its wholly-owned subsidiary Chibougamau Independent Mines Inc. ("CIM").Globex Private PlacementGlobex has entered into an engagement letter with Marquest Asset Management Inc., as co-lead agent with Casimir Capital Ltd., for a private placement of up to 2,778,846 "flow-through"
OTTAWA, ONTARIO — (Marketwire) — 10/25/12 — Mazorro Resources Inc. ("Mazorro" or the "Company") (TSX VENTURE: MZO)(FRANKFURT: JAM) is pleased to announce that it has entered into an agreement for the acquisition of a 100% interest in a total of 426 claims covering approximately 23,613 hectares (236 square kilometres) located along the Detour gold trend ("DGT") in Quebec. The DGT hosts the Detour Lake gold deposit with National Instrument 43-101 proven and proba
TORONTO, ONTARIO — (Marketwire) — 10/25/12 — NORTHERN GOLD MINING INC. (TSX VENTURE: NGM) ("Northern Gold" or the "Company") today announced results from 21 additional diamond drill holes and 3 drill hole extensions from its surface diamond drilling program on its 100% owned Garrison Gold Property, 100 km east of Timmins, Ontario. The reported holes comprise 10,056 metres from a total of 18,176 metres in 37 drill holes and 9 drill hole extensions completed to date in 201
TORONTO, ONTARIO — (Marketwire) — 10/25/12 — Mega Uranium Ltd. (TSX: MGA) ("Mega") and Forum Uranium Corp. (TSX VENTURE: FDC) ("Forum") are pleased to announce the commencement of a 1,300 metre drill program on the NW Athabasca property. The program is designed to test three high priority targets:A winter drill program is also being planned for the first quarter of 2013 as a follow-up to the current program as well as to drill additional untested targets. These plans inc
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 10/25/12 — Red Eagle Mining Corporation (TSX VENTURE: RD)(OTCQX: RDEMF) announces that it has entered into a Purchase Agreement with Bullet Holding Corp. ("Bullet"), a private company at arm-s length to Red Eagle Mining, pursuant to which Red Eagle Mining has agreed to acquire certain mineral exploration rights totaling 35,910 hectares adjacent to Red Eagle Mining-s Santa Rosa gold project in Colombia. In consideration for the property,
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 10/25/12 — Pretium Resources Inc. (TSX: PVG)(NYSE: PVG) ("Pretivm") is pleased to report that the feasibility study for an underground mine at its high-grade gold Brucejack Project in northern British Columbia is being advanced with an operating rate of 2,700 tonnes per day.The mining method chosen for the feasibility study is long-hole stoping with cemented paste backfill. Stopes will be mined using a combination of longitudinal and tr
— Targeting coarse high grade magnetite mineralisation — New intensely magnetic targets identified — Potential to increase Mt Woods Magnetite Project resource base — 3000m RC drilling programme underway
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 10/24/12 — Pursuant to the Advance Notice Policy adopted by the board of directors of St. Elias Mines Ltd. (the Company) on September 27, 2012, Gilby Len Hastman (the Nominating Shareholder), on behalf of a number of concerned shareholders of the Company, gave notice (the Notice) to the Company on October 18, 2012 that he proposes to nominate Gilby Len Hastman, Darcy Kim Hastman and Ted E.R. Rutherglen (the Nominees) for election as directors of
TORONTO, ONTARIO — (Marketwire) — 10/24/12 — All dollar references below in $Cdn, unless indicatedInmet Mining Corporation ("Inmet") (TSX: IMN) announces that it is adjusting its offer to acquire all of the common shares of Petaquilla Minerals Ltd. ("Petaquilla"). Under the adjusted offer ("Final Offer"), Petaquilla shareholders can elect to receive:The increased offer consideration represents a substantial increase of approximately 25 percent over Inmet-s origi
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 10/24/12 — Sanatana Resources Inc. ("Sanatana" or the "Company") (TSX VENTURE: STA) announces that it intends to raise up to $1,683,000 by way of non-brokered private placement (the "Private Placement") of flow-through units (the "FT Units").The Private Placement will consist of up to 5,100,000 FT Units priced at $0.33 per FT Unit. Each FT Unit will consist of one flow-through common share in the capital of
