S Business

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MABC Calls for Recommitment to BC Treaty Process

Treaties Part of the Mix to Sustain BC’s Mining Renaissance

Vancouver, May 10 – Today, in an address to the Vancouver Board of Trade, Mining Association of British Columbia (MABC) President and CEO, Pierre Gratton, called upon the federal government to recommit to the BC Treaty Process.

“First Nations treaties are one of the best ways society has of providing greater certainty on the land base, stimulating economic investment and providing a vehicle for reconciliation with First Nations,” stated Gratton. “Though we have seen some progress such as the recent Maanulth Treaty, the federal government’s commitment to the BC treaty-making process appears to have waned in recent years. MABC joins First Nations in calling on the federal government to recommit to this effort.”

by NationTalk on May 10, 2011482 Views

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Infocast’s Canadian Projects & Money Summit 2011

Massive Growth in Infrastructure, Power and Energy Projects Promise to Revolutionize the Canadian Economy

Vancouver, BC – May 10, 2011 – Join the growing tradition of expanding your revenue base as Infocast brings its extremely successful Projects & Money Series to the Direct Energy Centre in Toronto from June 14 – 16, 2011. Canadian Projects & Money Summit is a premiere business conference where key government representatives, developers, lenders, capital providers, institutional investors and entrepreneurs gather and focus on ways to benefit from the rich and ripe for growth Canadian infrastructure and energy projects sector.

by NationTalk on May 10, 2011541 Views

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$12 million in funding to explore B.C.’s potential

For Immediate Release
2011ENER0029-000522
May 10, 2011

Ministry of Energy and Mines
and Minister Responsible for Housing

Victoria – With a $12-million investment from the Province, Geoscience BC can continue to provide new data to help companies and prospectors explore the exciting potential to find mineral and oil and gas resources, leading to jobs and economic diversification.

One new major metal mine in B.C. could create a $20-million to $50-million payroll and contribute $15 million to $30 million annually in mineral tax revenues. The development of just one new major metal mine could create 300 to 600 high-paying jobs and lead to the creation of an additional 250 to 500 spinoff jobs.

by NationTalk on May 10, 2011493 Views

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Border Petroleum Announces Joint Venture With the Loon River Cree Nation

Calgary, Alberta – May 10, 2011 –

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Border Petroleum Corp. (“Border” or the “Company”) (TSX VENTURE:BOR) is pleased to announce it has entered into a new joint venture (the “Joint Venture”) with the wholly-owned energy company of the Loon River Cree Nation (the “Nation”). Under the terms of the Joint Venture, Border will have the opportunity to work directly with the Nation to develop up to 17,120 acres (26.75 sections) of the Slave Point formation in the Red Earth area of north central Alberta.

by NationTalk on May 10, 2011901 Views

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Northern Freegold Announces Management and Board Changes Mobilization Underway to Freegold Mountain, Yukon

Vancouver, British Columbia – May 10, 2011 – The Board of Directors of Northern Freegold Resources Ltd. (TSX VENTURE:NFR)(OTCBB:NFRGF)(FRANKFURT:8NG)(the “Company”) announces changes in several key management and board positions within the Company to support the advancement of the Company’s growth to the next phase of development on its multi-million ounce Freegold Mountain gold-copper project.

Mr. William B. Harris (Bill) is stepping down as Chairman of the Board and Chief Operating Officer to focus on research and acquisition of additional opportunities for Northern Freegold. Mr. Harris will continue to work on advancing the Freegold Mountain Project. As founder of the company, Mr. Harris has contributed invaluably to the successful development of one of the most significant new gold and copper resources in the Yukon. Mr Harris will continue in his capacity as a valued board member of Northern Freegold and will act as a special advisor to the Company. Mr. John Anderson has accepted the role of Chairman of the Board and will continue to serve the Company with his expertise and experience in financial, strategic and marketing matters.

by NationTalk on May 10, 2011457 Views

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Synex International Inc Third Quarter Report for Fiscal 2011

TSX : SXI

Vancouver, May 10 – Net income for the nine months ended March 31, 2011 was $2,227 as compared to a net loss of $110,666 for the corresponding period in fiscal 2010. The increase in net income is primarily due to the proceeds of $300,000 for an option by a third party for the purchase of some water licences of the Company in the first quarter of fiscal 2011, offset by a provision for recovery of income taxes of $180,000 in the first nine months of fiscal 2010. The income per share for the nine months ended March 31, 2011 was $0.00 as compared to a loss per share of $0.00 for the corresponding period in fiscal 2010.

by NationTalk on May 10, 2011468 Views

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Compliance Energy Corporation – Positive Feasibility Results Received for The Raven Coal Project

Vancouver, May 9 – Compliance Energy Corporation (“Compliance” or the “Company) is pleased to announce a positive, NI 43-101 compliant, independent Feasibility Study1 (“Feasibility Study”) for the Company’s 60% owned Raven Underground Coal Project (the “Project”) in the Comox Coal Basin on Vancouver Island, British Columbia, Canada. Pincock, Allen, and Holt (“PAH”), of Denver, Colorado, a qualified independent mining consulting firm, prepared the Feasibility Study on behalf of Compliance and its joint venture partners. This Feasibility Study updates a Preliminary Feasibility Study, also prepared by PAH, that was filed on SEDAR on October 15, 2010.

by NationTalk on May 10, 2011512 Views

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Hydro-Québec presents its Sustainability Report 2010

Montreal, May 10 – Hydro-Québec is proud to present its Sustainability Report 2010, which describes the company’s many initiatives in the area of sustainable development.

“Hydro-Québec’s vision for sustainability goes well beyond issues of environmental management. It also reflects our strong desire to give our partners an opportunity to express their expectations and concerns, while making sure we contribute to Québec’s economic vitality. In that respect, our projects must be profitable, environmentally acceptable and favorably received by local communities,” explained Stella Leney of Hydro-Québec’s Directrice Principale – Environnement et affaires corporatives.

by NationTalk on May 10, 2011500 Views

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OPA begins consultations on updated IPSP

Mon, 05/09/2011

Toronto, Ontario May 9, 2011 — The OPA has announced that it is beginning consultations to update Ontario’s Integrated Power System Plan (IPSP).

Consultation sessions for those with an interest in the electricity sector will start with a web-enabled teleconference on May 17. This session will provide an introduction to the IPSP process and an overview of the IPSP Planning and Consultation Overview document, which is available on the OPA website at the following link:

http://www.powerauthority.on.ca/process

by NationTalk on May 10, 2011544 Views

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SLAM Options Gold Property To Namex

Namex to Expand The Search For Gold At Miminiska

TSXV: SXL US-OTC: SLMF

Miramichi, NB, May 9 – SLAM Exploration Ltd. (TSXV: SXL) (US-OTC:SLMXF) (“SLAM”) and Namex Explorations Inc. (TSXV: NME) (trading status pending) (“Namex”) are pleased to announce they have entered into an agreement on SLAM’s Miminiska gold project in northwestern Ontario. The property is host to 9 gold occurrences including a 1.0 m core interval grading 64 g/t gold within a 7.2 m interval grading 9.47 g/t gold in hole MM10-01 as reported by SLAM news release 14 July 2010. This recent discovery is open at depth and along strike and flanks the KCR zone where SLAM had previously drilled 5.97 g/t over 2.0 m.

by NationTalk on May 10, 2011533 Views

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Saskatchewan Chamber of Commerce Names New Chair

Regina, SK, May 5, 2011 – Pat Friesen, Executive Vice President of Marketing at Innovation Credit Union in Swift Current and North Battleford was named Chair of the Saskatchewan Chamber of Commerce at the annual Conference on Business in Regina on May 6th. The Chamber serves as the “Voice of Business’ in Saskatchewan and as Chair, Ms. Friesen will lead the organization in its efforts to improve the attractiveness and competitiveness of Saskatchewan’s business environment.

by NationTalk on May 10, 2011650 Views

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MABC Announces Mining Persons of the Year

Monday, 09 May 2011

Jim O’Rourke, Rob Pease Led Development of Two New Major BC Mines

Vancouver – The Mining Association of British Columbia (MABC) today announced this year’s recipients of the Mining Person of the Year award: Jim O’Rourke and Robert Pease.

“This year MABC honours two outstanding contributors to BC’s mining sector,” stated John McManus, Chair of the MABC and Senior Vice President, Taseko Mines Ltd. “Both Jim and Rob have played major roles in ushering in BC’s mining renaissance, leading the developments of the Copper Mountain and Mt. Milligan mines, respectively, both now in construction.”

by NationTalk on May 9, 2011533 Views

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Highway 37 Power Line Receives Federal Approval

Friday, 06 May 2011

Terrace, BC – The Northwest Power Line Coalition heartily welcomes the federal approval of the Northwest Transmission Line today: http://www.ceaa-acee.gc.ca/050/details-eng.cfm?evaluation=51726.

Infrastructure Canada announced that the Northwest Transmission Line, a proposed $404-million, 344-kilometre transmission line project, from the existing Skeena substation south of Terrace to a new substation near Bob Quinn Lake, is not likely to cause significant adverse environmental effects. This decision complements the granting, by the BC Environmental Assessment Office on February 24, 2011, of an environmental assessment certificate for the line.

by NationTalk on May 9, 2011549 Views

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Canada Lands Company Confirms Acquisition of Landmark Site in Ottawa

Toronto, May 9 – Canada Lands Company CLC Limited (CLC) today confirmed that it has acquired the 310-acre (125 hectares) former Canadian Forces Base Rockcliffe in Ottawa, Ontario, which it purchased from the Department of National Defence (DND). The sale was made possible after discussions and cooperation among DND, Indian and Northern Affairs Canada, the Algonquins of Ontario (AOO) and CLC.

by NationTalk on May 9, 2011555 Views

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Advanced Explorations Inc. to Expand Feasibility Production Target at Roche Bay Iron Ore Project

Toronto, Ontario – May 9, 2011 – Advanced Explorations Inc. (TSX VENTURE:AXI)(FRANKFURT:AE6) (the “Company” or “AEI”) is pleased to announce progress in the ongoing Feasibility Study work for the C-Zone of its Roche Bay Iron Project. The Company has concluded multiple advantages may be drawn from an increased production of up to 5 million tonnes per year of concentrate (65%-66% Fe grade). This represents a 66% increase in production from the previously announced base case (3 million tonnes per year).

by NationTalk on May 9, 2011498 Views

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Skyline Gold Announces Results From Annual Meeting of Shareholders

Vancouver, British Columbia – May 9, 2011 – Skyline Gold Corporation (TSX VENTURE:SK) (the “Company” or “Skyline”) is pleased to announce that all resolutions were approved by shareholders of the Company at its April 28, 2011 Annual Meeting of Shareholders (“AGM”).

A total of 14,001,360 common shares were voted representing 10.48% of the outstanding voting shares of the Company.

by NationTalk on May 9, 2011542 Views

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MacDonald Mines Completes Winter Program at Butler Lake-Assays Pending; Drilling to Commence on the Semple-Hulbert Property

Toronto, Ontario – May 9, 2011 -MacDonald Mines Exploration Ltd. (TSX VENTURE:BMK) (“MacDonald” or the “Company”) is pleased to announce the commencement of a 3,000 meter diamond drill program on its Semple-Hulbert Property in the James Bay Lowlands of Northern Ontario. The program follows the Butler Lake drill program which consisted of 3800 metres of drilling over 17 diamond drill holes targeting volcanogenic massive sulphide (VMS), nickel-copper-platinum group element (Ni-Cu-PGE), and vanadium targets.

by NationTalk on May 9, 2011440 Views

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Oceanic Iron Ore Corp. Announces Appointment of AMEC to Produce Marine Facility Study

Vancouver, British Columbia – May 6, 2011 – Oceanic Iron Ore Corp. (the “Company”) is pleased to announce the appointment of AMEC Limited (AMEC) to produce a marine facility study (the “Study”) which will define the requirements for onshore infrastructure, port facilities and ocean transportation logistics in respect of the Company’s Ungava Bay iron ore properties (the “Properties”).

AMEC will work closely with the Fednav Group, a leader in international shipping, in defining transport and logistics requirements in relation to the marine facility. Findings from the Study will be incorporated into the Company’s Scoping Study which is targeted for release later this year.

by NationTalk on May 9, 2011599 Views

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Elgin Mining enters into Definitive Agreement to Acquire Lupin Gold Mine and Ulu Gold Deposit

Toronto, May 9 – Further to its press release dated April 25, 2011, Elgin Mining Inc. (TSX-V: ELG) (“Elgin” or the “Company”) is pleased to announce that it has entered into a definitive agreement (the “Acquisition Agreement”) with MMG Resources Inc. (“MMG”) and Bonito Capital Corp. (“Bonito”) to indirectly acquire the Lupin Gold mine and the Ulu gold deposit (the “Acquisition”), located in Nunavut Territory, Canada.

by NationTalk on May 9, 2011604 Views

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Green light for the Northwest Transmission Line

For Immediate Release
2011ENER0028-000516
May 6, 2011

Ministry of Energy and Mines

Victoria – The federal government has given environmental approval for the Northwest Transmission Line (NTL), setting the stage for construction to begin this spring.

According to a 2008 report from the Mining Association of British Columbia, NTL could attract $15 billion in investment and create over 10,000 jobs over the next few decades.

by NationTalk on May 9, 2011501 Views

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Community Foundations hit $3 billion in assets

Milestone comes on eve of international conference & 90th anniversary

Vancouver (May 9, 2011) – Charities are slowly seeing the light at the end of the tunnel, with Canada’s community foundation movement announcing today that its collective assets have finally reached $3 billion – a milestone it was poised to reach just as the downturn hit in 2008.

by NationTalk on May 6, 2011734 Views

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Ontario Government Selects Rentech’s New Renewable Jet Fuel Project for Long-Term Supply of Biomass from Crown Forests

• Province of Ontario selects Rentech’s newly-announced Olympiad Project in the Township of White River for proposed supply of up to 1.1 million cubic metres/year of wood fibre to produce renewable RenJet®, a certified low-carbon jet fuel
• Up to C$200 million funding opportunity from the Government of Canada’s Sustainable Development Technology Canada (SDTC) NextGen Biofuels Fund
• Project expected to create approximately 400 total jobs, revitalize forestry sector and build Ontario’s emerging bio-economy
• Renewable RenJet® will significantly lower carbon footprint and particulate emissions compared to conventional jet fuel

Los Angeles, CA and Sault Ste. Marie, ON, May 6 – Rentech, Inc. (NYSE AMEX: RTK) today announced that its proposed Olympiad Renewable Energy Centre (Olympiad Project) in The Township of White River (White River), Ontario, has been selected by the Province of Ontario for a proposed supply of up to 1.1 million cubic metres (1.3 million U.S. tons) per year of Crown timber. The wood supply, composed primarily of forest waste and unmerchantable species, would be used for the sustainable production of renewable RenJet®, Rentech’s clean certified low-carbon jet fuel.

by NationTalk on May 6, 2011480 Views

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KWG Reports Big Daddy Earn-In

Symbol on TSX Venture Exchange: KWG
Shares issued and outstanding: 636,878,941

Montreal, May 6 – KWG Resources Inc. (TSXV: KWG) reports that it remitted on behalf of itself and Spider Resources Inc. (“Spider”) $1.5 million of exploration funding last Friday to Freewest Resources Canada Inc. (“Freewest”) to complete the second option period earn-in requirement to incur $5 million of exploration expenditures in order to vest each of KWG and Spider with an additional 1.5% interest in the Big Daddy Project. $750,000 of the funds remitted by KWG to Freewest were funds advanced by Spider to KWG pursuant to budgeted cash calls that were not spent on the approved program. Subject to the terms of the option agreement, KWG and Spider now each have the option to earn a further 2% interest in the Project by each incurring $2.5 million of exploration expenditures in a program operated by Spider to March 31, 2012.

by NationTalk on May 6, 2011523 Views

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Quadra FNX Mining Announces Earnings of $168 Million in the First Quarter of 2011

(All figures, except per share amounts, are in $US thousands unless otherwise stated or unless context requires otherwise)

Vancouver, Canada – May 6th 2011 – Quadra FNX Mining Ltd. (the “Company” or “Quadra FNX”) (TSX: QUX) has released its first quarter 2011 financial and operational results. The Company recorded first quarter earnings of $168 million or $0.88 per share (basic) compared to earnings of $55 million or $0.55 per share for the previous year. The higher earnings in the current quarter were driven by a $134 million pre-tax gain on the disposition of Gold Wheaton shares, higher average copper prices and the inclusion of the Sudbury operations following the merger with FNX. These factors were partially offset by lower sales volumes at Robinson and Carlota. Adjusted earnings for the first quarter totalled $51.8 million or $0.27 per share (basic) compared to $55.3 million or $0.56 per share (basic) for the previous year. Unusual items included a gain related to the sale of Gold Wheaton shares, a loss on derivatives, a gain on marketable securities and a leach pad inventory write down. The Company’s financial statements are prepared in accordance with International Financial Reporting Standards (“IFRS”).

by NationTalk on May 6, 2011489 Views

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Mining Association of BC commits $125,000 over three years to First Nations language renewal in BC

Friday, 06 May 2011

Vancouver – The First People’s Cultural Foundation and the Mining Association of BC (MABC) announced today that MABC will contribute a total of $125,000 over the next three years to assist the First People’s Cultural Foundation with the documentation and renewal of endangered First Nations languages in BC.

“Language is a cornerstone of culture and identity. By investing in language and culture, we invest in stronger and prouder communities,” said Pierre Gratton, President and CEO of MABC. “It is also an investment in education, in youth and thus in the future success of BC’s First Nations. In this, we all benefit.”

by NationTalk on May 6, 2011707 Views

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Mountain Province Diamonds Announces Results of Independent Valuation of Gahcho Kué Diamonds

Actual Price per Carat $185 – up 38%
Modeled Price per Carat $122 – up 41%

(All values are in US Dollars)

Toronto and New York, May 5, 2011 – Mountain Province Diamonds Inc. (“Mountain Province”, the “Company”) (TSX: MPV, NY-AMEX: MDM) today announced the results of an updated independent valuation of the diamonds recovered from the Gahcho Kué Project. The valuation was conducted by WWW International Diamond Consultants Ltd. and took place at the London offices of the Diamond Trading Company in early April, 2011. All diamond values presented below are based on the WWW Price Book as at April 11, 2011.

by NationTalk on May 6, 2011399 Views

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Nemaska Blasts a 50 Tonnes Bulk Sample at Whabouchi Lithium Project for Pilot Plant Testing

Quebec City, Quebec – May 5, 2011 – Nemaska Exploration Inc. («Nemaska» or the «Corporation») (TSX VENTURE:NMX) (OTCBB:NMKEF) (FRANKFURT:NOT) is pleased to announce that it has blasted a 50 tonnes bulk sample on its Whabouchi lithium project for metallurgical pilot plant testing. The 50 tonnes sample comes from the main zone and is located in the R-575 trench where channel samples returned 1,65% Li2O over 37,5 metres (see press release February 8th, 2011). In addition to the material coming from the R-575 trench, the bulk sample will also include approximately 8 tonnes of drill core material that has been collected across the deposit as part of the recently completed 8,909 metre infill diamond drill program. The diamond drill program used large-diameter HQ size core to obtain more representative material for the pilot plant process.

by NationTalk on May 6, 2011421 Views

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Shear Commences Drilling at Jericho Diamond Project in Nunavut and Intersects Additional Kimberlite

Edmonton, Alberta – May 5, 2011 – Shear Diamonds Ltd. (TSX VENTURE:SRM) today announced the commencement of its spring drilling program at its 100% owned Jericho Diamond Project, Nunavut. The first drill hole within the Jericho open pit into the Jericho Kimberlite Complex has been completed and intersected more kimberlite than expected based on the past models.

by NationTalk on May 6, 2011492 Views

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Diamonds North Acquires Gold Properties with Historic Gold Values up to 709.7 g/T

Vancouver, British Columbia – May 5, 2011 – Diamonds North Resources Ltd. (TSX VENTURE:DDN) announces the acquisition of several gold properties in Southern Nunavut through permitting and claim staking. The projects cover historic high grade gold occurrences that the Company believes are under-explored. Over the next few weeks, the Company intends on providing a brief description of the more significant properties along with preliminary 2011 plans. The property descriptions will be initiated with the KL Property where assays are as high as 709.7 g/T gold.

by NationTalk on May 6, 2011395 Views

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Canadian construction projects to more than double within four years: PwC

Oil sands to help make Canada one of the fifth largest global construction markets by 2020

Toronto, May 5, 2011 — From 2010 to 2015, Canadian infrastructure will grow at more than two and a half times the growth rate seen over the previous five years, a new PwC-sponsored report by Global Construction Perspectives and Oxford Economics found. By 2020, Canada is expected to be the fifth largest construction market behind India and Japan—a jump from its current position in seventh place.

by NationTalk on May 5, 2011538 Views

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Discovery Air Technical Services Inc. announces CRJ100/200 AMO Certification

Quebec City, May 4, 2011 – Discovery Air Technical Services (DATS), a wholly owned subsidiary of Discovery Air, is pleased to announce it has received its Approved Maintenance Organisation (AMO) Certificate from Transport Canada for the CRJ100/200.

“We are pleased to add this new rating to our capabilities and look forward to signing new customers for our CRJ 100/200 heavy line maintenance,’’ said Remy St-Martin, Vice President Commercial Services. ‘’We are extremely excited to offer a competitive service offering in the marketplace. Our Marketing team is currently participating at the Bombardier CRJ Operator conference in Toronto from May 2 to 4, and we will be meeting with various CRJ Operators and forging new business alliances in the coming weeks and months.’’

by NationTalk on May 5, 2011580 Views

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Snap Lake Mine Water License Questionnaire

Over the past several months, we have reached out to communities close to the Snap Lake Mine to explain how we use water and protect the environment at the Snap Lake Mine. To find out more, click here to download an information PDF newsletter.

This has included hosting community delegations at the Snap Lake Mine, and hosting workshops in various communities with leaders, elders and residents to explain how we use and manage water at the mine. De Beers is also hosting regulators and environmental staff from Aboriginal groups for two technical workshops to provide further opportunities for input into our Water License application.

by NationTalk on May 5, 2011530 Views

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Yukon-Nevada Gold Corp. Comments on Unusual Trading Activity

Vancouver, May 5 – Yukon-Nevada Gold Corp. (TSX: YNG) (Frankfurt Xetra Exchange: NG6) reports that there have been no material changes to its operations or its business affairs, and the Company is not aware of any undisclosed developments that would account for the unusual trading activity of its shares on May 3, 2011.

The Company is actively pursuing various forms of financing to fund the capital budget requirements for Jerritt Canyon, its gold producing property in Nevada, and is in an advanced stage of negotiations with financial institutions. The Company anticipates being in a position to disclose the results of these negotiations in the near future.

by NationTalk on May 5, 2011520 Views

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Chieftain Metals and Taku River Tlingit First Nation Sign Letter of Understanding

Toronto, May 4 – The Taku River Tlingit First Nation (“TRTFN”) and Chieftain Metals Inc. (“Chieftain”or the “Company”) (TSX: CFB) are pleased to announce the signing of a Letter of Understanding (“LoU”) relating to the Tulsequah Chief mine, located in the Tulsequah Valley in northern British Columbia in the TRTFN Territory. The LoU is a first stage agreement between Chieftain and TRTFN establishing processes for future negotiations between the parties. The parties are committed to meaningful dialogue with the intention of building a respectful and trusting relationship through this year and to achieve a full Impact Mitigation and Mutual Benefits Agreement (“IMMBA”).

by NationTalk on May 5, 20111215 Views

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Uranium North Stakes Additional Land at Mallery Gold / Silver Project and Prepares for Drilling

Vancouver, British Columbia – May 4, 2011 – Uranium North Resource Corp. (TSX VENTURE:UNR) announces that additional claims have been staked at the Mallery Stockwork gold / silver project in Nunavut. The new claims cover part of a significant new gold in till anomaly 3 kilometres south of the Mallery Stockwork which is scheduled for drilling in June, 2011.

The new gold in till anomaly is highlighted by a sample that contains 51 gold grains with the majority of grains being angular indicating a nearby bedrock source. This is the fourth largest gold grain anomaly on the property with the largest and similar anomalies occurring at the Mallery Stockwork.

by NationTalk on May 5, 2011475 Views

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Cougar Oil and Gas Canada Inc. Announces Multi Well Drill Program

Calgary, Alberta – May 4, 2011 – Cougar Oil and Gas Canada Inc. (“Cougar” or the “Corporation”) (OTCBB:COUGF) is pleased to announce that based on the successful 3D seismic program completed in Q1, 2011 – we have identified 15 drill locations in the first round of review. We will start the permitting process for 5 of the wells with the goal of starting the drilling program in August of 2011.

The first stage five (5) well drilling program was selected after an extensive review of the 3D seismic data, the regional and local geological mapping, the core data and the well performance of the existing regional wells. All of the current targets are vertical locations with new potential reservoirs identified with the seismic. Of the 15 locations 7 are targeting new reservoirs and balance are development wells of existing reservoirs.

by NationTalk on May 4, 2011455 Views

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P3s Offer Unique Approach to Public Infrastructure Delivery, ensure Greater Savings and Value for Taxpayers

PPP Canada launches Round Three of P3 Canada Fund

Ottawa, May 4 – Today, PPP Canada launched Round Three call for proposals of the P3 Canada Fund, encouraging provinces, territories, First Nations and municipalities to consider the P3 model for their public infrastructure needs.

“In today’s economy, the combined challenge of infrastructure deficits and fiscal deficits are driving governments to innovate and get best value for taxpayers”, said Chairman Greg Melchin.

by NationTalk on May 4, 2011487 Views

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Zone Resources Inc. Adds a Fifth Property to its Labrador Trough Iron Project, Quebec

Vancouver, British Columbia – May 3, 2011 -Zone Resources Inc. (Zone) (TSX VENTURE:ZNR) announces that it has acquired an option to earn a 100% interest in the Knob Hill Iron property, consisting of approximately 2,000 hectares, located in Nunavik, northern Quebec. The terms of the agreement are subject to regulatory approval of the TSX Venture Exchange. The property, located in the Labrador Trough is the fifth property that Zone has added to its “Labrador Trough Iron Project” bringing the project size to 13,200 hectares. This new acquisition is approximately 12 kilometers north of the recently announced Moore-Ross Iron property.

by NationTalk on May 4, 2011424 Views

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Starfield Reports Results For The Fourth Quarter And Year Ended February 28, 2011

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S./

Toronto, May 3, 2011 – Starfield Resources Inc. (TSX: SRU)(“Starfield”, “the Company”) today announced that its financial results for the fourth quarter and year ended February 28, 2011 have been filed on SEDAR.

For the three and 12-month periods ended February 28, 2011, Starfield incurred costs for exploration and related equipment totaling $0.5 million and $3.9 million, respectively. The expenditures in the fourth quarter were directed toward property maintenance and assay from this year’s drilling program. Administrative expenditures amounted to $0.7 million and $2.0 million for the three and 12 months ended February 28, 2011, respectively.

by NationTalk on May 4, 2011423 Views

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Discovery Air Announces Completion of Debt Repayment and Debt-for-Equity Conversion with Related Parties

Yellowknife, NT, May 2 – Discovery Air Inc. (“Discovery Air” or the “Corporation”) announced today that it has completed its previously announced transaction to repay approximately $13.2 million in aggregate debt owed by the Corporation to a senior officer of Discovery Air and a senior officer of Great Slave Helicopters Ltd. (“Great Slave”, a wholly-owned subsidiary of the Corporation) (the “Related Parties”).

by NationTalk on May 3, 2011521 Views

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Sprott Resource Corp. Announces Completion of the $3.9 Million Second Tranche Financing by its Subsidiary One Earth Farms Corp. and Exercise of a $4.5 Million Over-Allotment Option by Cormark Securities Inc.

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

Toronto, May 2 – (TSX: SCP) – Sprott Resource Corp. (“SRC”) announced that its subsidiary One Earth Farms Corp. (“One Earth Farms”) completed the second tranche of the previously announced private placement today. The second tranche of the private placement consisted of the issuance and sale of 2,806,079 common shares, resulting in gross proceeds for the private placement of approximately $3.9 million. In addition, the agent of the private placement, Cormark Securities Inc., exercised its over-allotment option, resulting in the sale by One Earth Farms of a further 3,186,778 common shares at a price of $1.40 per share for additional aggregate gross proceeds to One Earth Farms of approximately $4.5 million. As previously announced, this financing, in combination with the $30 million that SRC has contributed in the last few months, fully funds One Earth Farms for 2011.

by NationTalk on May 3, 2011505 Views

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Blair M. Shilleto Named to Copper Ridge Board of Directors

TSX-V: KRX
www.copper-ridge.com

Vancouver, May 2 – Copper Ridge Explorations Inc. (TSXV:KRX) (the “Company”) is pleased to announce the appointment of Blair M. Shilleto to the Company’s Board of Directors.

Mr. Blair M. Shilleto, Director

Mr. Shilleto has been involved in the mining, tunnelling and construction industry throughout North America since 1976 when he began his career working for the United Keno Hill Mine in Yukon, Canada. His training began with instruction in, and then continued with the practical application of all aspects of tunnel/mine development. Mr. Shilleto formed and led his own tunnel/mine contract company in a joint venture capacity, setting up projects in logistically challenging environments, including British Columbia, the Northwest Territories and Alaska. Completed projects include highway rock cuts, select speciality excavations, hydro-electric, gas tunnels and mine development from green-fields to production. Mr. Shilleto has managed projects for notable clients such as Cameco Corporation, Canamax Resources Inc., Cordilleran Engineering Limited, Geddes Resources Ltd., Minnova Inc, Peter Kiewit & Sons’, Inc., Westmin Resources Ltd., Whitewater Engineering Corporation and United Keno Hill Mines Limited.

by NationTalk on May 2, 2011596 Views

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Zenyatta Ventures Ltd.; Motion for Injunction by First Nation Community Adjourned to May 11

Thunder Bay, Ontario – May 2, 2011 -Zenyatta Ventures Ltd. (TSX VENTURE:ZEN) (“Zenyatta” or “Company”) announces that the Motion for Injunction by Constance Lake First Nation (“CLFN”) in Ontario Superior Court on Friday April 29 is adjourned until Wednesday May 11. In the meantime, the Judge has ordered that CLFN, Zenyatta and Ontario (“Crown”) carry on further consultation while drilling continues on the current claim blocks.

by NationTalk on May 2, 2011443 Views

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PMAC announces winners of awards for supply chain leadership

Toronto, April 29 – The Purchasing Management Association of Canada (PMAC) today announced the winners of its 2011 Awards of Distinction, which recognize individuals and organizations that advance the supply chain management profession through their leadership and innovation.

“All of our awards really speak to what PMAC is about, namely leadership in supply chain management. It’s very important to highlight and promote the significant contributions our members make,” said Cheryl Paradowski, president and CEO of PMAC. “This year’s winners exemplify the growing strength of the profession.”

by NationTalk on April 29, 2011697 Views

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Zenyatta Ventures Ltd.; Notice of Motion for Injunction by Constance Lake First Nation

Thunder Bay, Ontario – April 29, 2011 – Zenyatta Ventures Ltd. (TSX VENTURE:ZEN) (“Zenyatta” or “Company”) announces Constance Lake First Nation (“CLFN”), is seeking injunctive and other relief against the Company and Ontario (“Crown”) regarding Zenyatta’s current exploration activities and the Mining Act from Ontario Superior Court.

Among other things, CLFN alleges that the defendants have failed to adequately consult and accommodate them in connection with Zenyatta’s current mineral exploration activities. Zenyatta is undertaking a 20,000 metre drill program at the Albany Project near Hearst, Ontario. The Albany Project is within the asserted traditional territory of CLFN.

by NationTalk on April 29, 2011600 Views

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TransCanada Declares Quarterly Dividends Board Approves Dividend of $0.42 per Common Share

Dividend Reinvestment Plan Discount Removed

Calgary, Alberta – April 29, 2011 – TransCanada Corporation (TSX, NYSE: TRP) (TransCanada) today announced that the Board of Directors (Board) of TransCanada declared a quarterly dividend of $0.42 per common share for the quarter ending June 30, 2011 on the Company’s outstanding common shares. The common share dividend is payable on July 29, 2011 to shareholders of record at the close of business on June 30, 2011

by NationTalk on April 29, 2011425 Views

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Mining Association of British Columbia Commends Sector’s Progress on Sustainable Development

Thursday, 28 April 2011

Pierre Gratton, President of the Mining Association of British Columbia (MABC) commended BC’s mining sector for its steady progress in embracing responsible mining and sustainable development.

In an address to those attending the Minerals North Conference in Stewart today, Gratton noted that “it is no longer enough to point to jobs and wealth creation and expect the public to support the mining industry,” said Gratton. “For mining to succeed today, we have to embrace sustainable development.”

by NationTalk on April 29, 2011429 Views

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Stornoway Provides Renard Project Update Feasibility Study on Track for Delivery in Third Quarter

April 28, 2011

Stornoway Diamond Corporation (TSX-SWY) is pleased to provide a progress update on feasibility level work at the Renard Diamond Project, Stornoway’s flagship project located in North Central Québec.

In July 2010, Stornoway announced the commencement of a full program of mine design, environmental assessment, permitting and community engagement designed to lead to a production decision at Québec’s first diamond mine. Since this time, Stornoway has acquired a 100% interest in Renard through the acquisition of the 50% interest previously owned by DIAQUEM Inc. (Stornoway press release dated April 1, 2011), increased the size of the Renard National Instrument 43-101 compliant Mineral Resource (Stornoway press release dated January 24, 2011), and welcomed the Québec Government announcement of final funding for the Route 167 Extension road development project (Stornoway press release dated March 18, 2011). Work on the project itself is well advanced, and is summarized as follows.

by NationTalk on April 29, 2011531 Views

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Agnico-Eagle Reports First Quarter 2011 Results

Stock Symbol: AEM (NYSE and TSX)

(All amounts expressed in U.S. dollars unless otherwise noted)

Toronto, April 28 – Agnico-Eagle Mines Limited (“Agnico-Eagle” or the “Company”) today reported quarterly net income of $45.3 million, or $0.27 per share for the first quarter of 2011. This result includes a non-cash foreign currency translation loss of $14.1 million, or $0.08 per share, stock option expense of $18.5 million, or $0.11 per share, an expense of $3.1 million, or $0.02 per share related to the March 10, 2011 Meadowbank fire, and a gain on sale of investments of $4.4 million, or $0.03 per share. Excluding these items would result in adjusted net income of $76.5 million, or $0.45 per share. In the first quarter of 2010, the Company reported net income of $22.3 million, or $0.14 per share.

by NationTalk on April 29, 2011556 Views

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Update on Proposed Reverse Take-Over of Citadel Gold Mines Inc.

Toronto, Ontario – April 28, 2011 –

NOT FOR RELEASE OR DISSEMINATION INTO THE UNITED STATES

Citadel Gold Mines Inc. (the “Company”) (TSX VENTURE:CGM.H) announces that, further to its press release dated January 26, 2011 it has entered into a share exchange agreement (the “Share Exchange Agreement”), dated effective as of January 26, 2011, as amended on February 28, 2011 and on March 16, 2011, with 2215107 Ontario Inc. (“221”) and the shareholders of 221 (“221 Shareholders”), pursuant to which the Company has agreed to acquire all of the issued and outstanding common shares in the capital of 221 (the “Proposed Transaction”) from the 221 Shareholders, subject to the satisfaction or waiver of certain conditions set out in the Share Exchange Agreement. 221 is a private company incorporated under the laws of the Province of Ontario. It is in the business of mining exploration and development and has an interest in a mineral property in Nunavut (the “Property”). The Proposed Transaction among the Company, 221 and the 221 Shareholders will be subject to the approval of the shareholders of each of the Company and 221 and the approval of the TSX Venture Exchange (the “Exchange”), and will also be subject to a number of other conditions as hereinafter described. References in this press release to the “Resulting Issuer” are references to the Company following the closing of the Proposed Transaction.

by NationTalk on April 29, 2011586 Views

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