Conference Call Scheduled for March 15, 2012
TORONTO, ONTARIO — (Marketwire) — 03/06/12 — Pele Mountain Resources Inc. (TSX VENTURE: GEM)(OTCQX: GOLDF) ("Pele" or the "Company") today announced that it has entered into a binding Purchase and Sale Agreement (the "Agreement") to purchase 11 contiguous mining claims (the "Simon Rare Earth Claims"), which are surrounded by Molycorp-s Mountain Pass rare earth property in south-eastern California. The seller of the Simon Rare Earth Claims is a company
Gold Stocks
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 03/06/12 — Elgin Mining Inc. ("Elgin Mining" or the "Company") (TSX VENTURE: ELG) is pleased to announce the second set of drill results from seven (7) holes in the shallow upper portion of the West Zone South of Shaft ("WZSOS") zone at its wholly-owned Lupin Mine in Nunavut, Canada.The WZSOS zone was drilled by previous owners of the property but was never targeted for continuous mining operations. Elgin Mining-s re
MONTREAL, QUEBEC — (Marketwire) — 03/06/12 — MDN Inc. (MDN)(TSX: MDN) is pleased to inform its shareholders that African Barrick Gold plc (ABG), which operates the Tulawaka gold mine in Tanzania, has announced the total royalty payment of cash available for distribution attributable to 2011. MDN has a 30% participation interest in the Tulawaka mine. The total amount received by MDN for 2011 is US $6.17 million, including payment of US $1.2 million that was remitted at the end of the first h
TORONTO, ONTARIO — (Marketwire) — 03/06/12 — Centamin plc ("Centamin" or "the Company") (LSE: CEY)(TSX: CEE) announces that it has temporarily halted operations at its Sukari Gold Mine in Egypt due to illegal labour unrest.The illegal unrest and work stoppage commenced as a result of a breakdown in on-going discussions involving general salary increases and other benefits with some members of the Sukari workforce. The Company is continuing discussions and has the full su
VANCOUVER, BC — (Marketwire) — 03/05/12 — Lori McClenahan, President and CEO of St. Elias Mines Ltd. (TSX VENTURE: SLI) (PINKSHEETS: SELSF) (US Clearing Symbol: SELSF) (FRANKFURT: EKL), announced today the following update with respect to the status of the "spin-out" and listing of Havilah Mines Ltd. on the TSX Venture Exchange.St. Elias has received conditional approval from the TSX Venture Exchange (the "Exchange") with respect to its Plan of Arrangement or "spin
TORONTO, ONTARIO — (Marketwire) — 03/05/12 — Talmora Diamond Inc. (CNSX: TAI) is pleased to announce that it proposes to complete a part brokered and part non-brokered private placement of up to 4,000,000 Units, comprised of either Hard Dollar Units and/or Flow-Through Units at $0.05 per Unit, for gross proceeds of up to $200,000. The private placement is expected to close not later than March 20, 2012.Each Unit consists of one common share and one-half of one common share purchase warrant.
TORONTO, ONTARIO — (Marketwire) — 03/05/12 — Bison Gold Resources Inc. (Bison Gold or the "Company") (TSX VENTURE: BGE) is pleased to announce that it has been highlighted in last Saturday-s Edition of the Winnipeg Free Press. The article written by Martin Cash discusses the optimism in Manitoba-s mining industry despite the Province-s drop in global ranking as one of the best places to mine in the 2011/2012 Annual Survey of Mining Companies by Fraser Institute.The following is a
TORONTO, ONTARIO — (Marketwire) — 03/05/12 — Asian Mineral Resources Limited ("AMR" or the "Corporation") (TSX VENTURE: ASN) announced today that Mr. Chris Castle has been appointed as Interim President and CEO to replace Lai Fook Hoy who has resigned as Interim President and CEO and as a director of the Corporation, and that Mr. Bill Howell has been appointed as non-executive Chairman to replace Choo Mun Keong who has resigned as Executive Chairman and as a director of
