TORONTO, ONTARIO — (Marketwire) — 10/16/12 — Pele Mountain Resources Inc. (TSX VENTURE: GEM)(OTCQX: GOLDF) ("Pele" or the "Company") today announced the arrival of two drill rigs and the commencement of a 6,500-metre drill program at its Eco Ridge Mine Rare Earths and Uranium Project at Elliot Lake, Ontario. Pele has completed a positive Preliminary Economic Assessment ("PEA") for Eco Ridge that demonstrates its potential to become a profitable producer of rare
TORONTO, ONTARIO — (Marketwire) — 10/16/12 — Chieftain Metals Inc. ("Chieftain" or the "Company") (TSX: CFB) is pleased to announce that it has appointed a feasibility optimization team for the Tulsequah project in British Columbia, with a plan to complete the feasibility study by the end of the year.The team will be led by JDS Energy and Mining Inc., which will be responsible for infrastructure, capex, opex and financial analysis, and it will also include Tetra Tech for
TORONTO, ONTARIO — (Marketwire) — 10/16/12 — MagIndustries Corp. ("MagIndustries" or the "Company") (TSX: MAA) is pleased to report that it has entered into a port facility design contract to further the development of its flagship Mengo potash project (the "Project") in the Republic of Congo ("ROC"). The contract is with China Shipbuilding NDRI Engineering Co., Ltd. ("NDRI") and calls for the design of all necessary facilities for the opera
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 10/16/12 — Rye Patch Gold Corp. (TSX VENTURE: RPM)(OTCQX: RPMGF)(FRANKFURT: 5TN) (the "Company") announces recent events in the lawsuit among the Company and its wholly-owned subsidiary Rye Patch Gold US Inc. against Coeur Rochester, Inc. ("CRI").CRI requested the Nevada Sixth District Court grant a postponement of the trial scheduled for November 2012. CRI states the lawsuit is complex, and CRI is unable to complete its revie
— Battery Grade Lithium Carbonate Produced With Over 99.45% Purity — Further Washing of Product at Increased Production Rates Expected to Increase Purity to 99.75% — Process and Cost Structure to Produce Battery Grade Lithium Carbonate Remains Largely the Same as That Reported in the Company-s Preliminary Economic Assessment — Rodinia Continues to Work on A Revised Resource Estimate, on the Operation of the Pilot Cycle, and on Completing the Feasiblity Study. All Major Drilling and Construct
MONTREAL, QUEBEC — (Marketwire) — 10/16/12 — Geomega Resources Inc. ("GeoMegA" or the "Company") (TSX VENTURE: GMA) announces a project update on its Montviel Rare Earths Elements/Niobium project. In January 2012, G Mining Services Inc. ("GMSI") was retained to assume overall coordination and responsibility for engineering and financial evaluation to produce a Preliminary Economic Assessment study ("PEA") Technical Report in accordance with NI 43-101 g
TORONTO, ONTARIO — (Marketwire) — 10/15/12 — Forbes & Manhattan Coal Corp. (TSX: FMC)(JSE: FMC) is pleased to announce its financial results for the second quarter of fiscal 2013 (three month period ended August 31, 2012) All figures are in Canadian dollars unless specified.Second Quarter 2013 Financial Highlights:"I am again pleased to report that Forbes Coal continues to grow production, revenue, and profit. On the back of these strong set of results in a challenging coal market
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 10/15/12 — Riverstone Resources Inc. (TSX VENTURE: RVS)(OTCQX: RVREF)(FRANKFURT: 3RV) ("Riverstone" or the "Company") reports that further to its news release of August 24, 2012, TSX Venture Exchange approval having now been received, 390,000 common shares in the capital of the Company have been issued to satisfy the Company-s obligations to certain executives. The shares are subject to a four-month hold expiring February 16,
TORONTO, ONTARIO — (Marketwire) — 10/15/12 — At the request of the TSX Venture Exchange (the "Exchange"), the Board of Directors of Purepoint Uranium Group Inc. (TSX VENTURE: PTU) has increased the exercise price of 3,000,000 stock options granted to certain Directors, management and staff pursuant to its stock option plan from $0.09 to $0.10.The exercise price of the options granted May 26, 2010 was set below the threshold allowed under the requirements of Exchange Policy 4.4 &qu
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 10/15/12 — Kaminak Gold Corporation (TSX VENTURE: KAM) today announced assay results from 71 drill holes located within the Supremo (T3, T4 and T5) and Double Double gold zones. Complete plan maps, cross sections and assay tables are now available on the Company website . The objectives of the drill programs were as follows:"The final holes of the 2012 drill program are now being drilled, with a total of 337 holes and 67,500m drilled from Ma
