S Business

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Advanced Explorations Inc. Completes Phase 1 Geotechnical Drilling for Port Development Study on Roche Bay Iron Project

Toronto, Ontario – June 7, 2011 – Advanced Explorations Inc. (TSX VENTURE:AXI)(FRANKFURT:AE6) (the “Company” or “AEI”) is pleased to announce it has completed the first round of geotechnical drilling for the port development study at the Roche Bay iron project located on the coast of the Melville Peninsula in Nunavut, Canada. The geotechnical program is an instrumental part of the ongoing feasibility study at Roche Bay and involved the drilling of two potential port area alternatives in the Roche Bay, which is a natural deep water harbour within a few kilometres of the project’s ore body.

by NationTalk on June 7, 2011546 Views

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Retransmission: Diamonds North Acquires Property with High Gold Grades in Multiple Drill Holes

Vancouver, British Columbia – June 6, 2011 -Diamonds North Resources Ltd. (TSX VENTURE:DDN) has acquired 100% interest in the Esker gold property in Nunavut. The Esker claim covers several kilometres of gold bearing stratigraphy. Drill intercepts of gold mineralization are as high as 8.2 g/T gold over 13 metres, including 17.7 g/T gold over 5.7 metres; and, 2.4 g/T gold over 71 metres which includes several high grade zones (see table below). For a video presentation on this project visit our website www.diamondsnorth.com.

by NationTalk on June 7, 2011452 Views

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Zone Resources Inc. Expands the Known Zone of Iron Mineralization at the Moore-Ross Mountain Property, Quebec

Vancouver, British Columbia – June 6, 2011 – Zone Resources Inc. (Zone) (TSX VENTURE:ZNR) announces that it has expanded the known zone of mineralization at the Moore-Ross Mountain Property due to additional information gathered during a compilation of historical exploration data on its Labrador Trough Iron Properties in the Nunavik district of northern Quebec.

On May 4th 2011, Zone announced a summary of a partial set of drill results for the Moore Iron Zone on the Company’s 7,000-hectare Moore-Ross Mountain property. Additional information has now been compiled from reports of statutory work filed by Fenimore Iron Mines Ltd. in 1952.

by NationTalk on June 7, 2011468 Views

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Cougar Oil and Gas Canada Inc. Updates Trout Light Oil Project

Calgary, Alberta – June 7, 2011 – Cougar Oil and Gas Canada Inc. (“Cougar” or the “Corporation”) (OTCBB:COUGF) is pleased to provide an update for the Corporation’s Trout light oil project including the preparation of an updated drilling prospect reserve report.

The Corporation has finished the initial interpretation and evaluation of the Trout 3D seismic that was acquired and processed earlier this year. Over 20 vertical Keg River and Granite Wash light oil targets have been identified and 15 of these targets have been selected to be included in a drilling prospect reserve evaluation report. On June 3, 2011 Cougar signed an engagement letter with an independent reserves company to review and prepare the drilling prospect report. During the initial project meeting it was confirmed the 15 selected locations will be evaluated and assigned a range of proven, probable and possible reserve estimates and risked NPV values. Cougar anticipates that this report will be finished and released by the end of June.

by NationTalk on June 7, 2011529 Views

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Zenyatta Ventures Ltd.; Drilling Continues at Albany Project; Mediation is On-Going While Court Adjourned to June 15

Thunder Bay, Ontario – June 6, 2011 – Zenyatta Ventures Ltd. (TSX VENTURE:ZEN) (“Zenyatta” or “Company”) announces that the Motion for Injunction relief by Constance Lake First Nation (“CLFN”) in Ontario Superior Court was adjourned again until June 15th. In the meantime, Zenyatta, CLFN and Ontario (“Crown”) have been engaged in Mediation with Superior Court Justice Campbell while drilling continues at the Albany Project. If the parties do not reach a consensus during Mediation, the Motion for an Interim Injunction will be argued on June 15, 2011 before Justice Lederman in Ontario Superior Court.

by NationTalk on June 7, 2011463 Views

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Taseko Pursues Federal Approval for New Prosperity, Submits Revised Project Description

Public Online Information Resource Launched to Promote Open Discussion

Vancouver, June 6, 2011 – Taseko Mines Limited (TSX: TKO; NYSE Amex: TGB) (“Taseko” or the “Company”) has submitted a revised project description to the Federal Government in pursuit of final approval of its New Prosperity Gold-copper Project.

by NationTalk on June 7, 2011542 Views

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Amazon.ca boosts international literature with grant to Banff Translation Centre

Media Release
June 6, 2011

With one of its first grants to a Canadian organization, online retailer Amazon.ca will support a comprehensive literary program that brings translators from around the world to The Banff Centre. Set for scholarships, the $15,000 Amazon.ca donation will support international translators working with literature from the Americas, and North Americans translating global literature into English and French at the Banff International Literary Translation Centre (BILTC).

by NationTalk on June 6, 2011899 Views

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New Path Towards Sustainable and Responsibly Sourced Aggregates Applauded

The establishment of a not-for-profit organization bringing together industry, communities, environmental groups and First Nations organizations to create world-class certification standards raises the bar and signals a new era of collaboration.

Ottawa, June 6, 2011 – The Cement Association of Canada applauded Holcim Canada and Environmental Defence today for their visionary collaboration in establishing the not-for-profit organization Socially and Environmentally Responsible Aggregates (“SERA”) previously announced on June 1, 2011 and, in so doing, charting a new course for sustainable and environmentally responsible aggregate extraction and consumption.

by NationTalk on June 6, 2011614 Views

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Drilling has commenced at Radius’ Sixty Mile Project, Yukon Territory

Vancouver, June 6, 2011 – Radius Gold Inc. (TSX-V: RDU) is pleased to report that drilling is underway at its Sixty Mile project in west-central Yukon, 75 kilometres west of Dawson City at the Canada/U.S. border. Five thousand meters of drilling are planned to test the epithermal gold targets in the Sixty Mile river valley.

by NationTalk on June 6, 2011516 Views

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Aboriginal supportive housing underway in Vancouver

 For Immediate Release
June 3, 2011

Ministry of Energy and Mines
(Minister Responsible for Housing)
Infrastructure Canada, City of Vancouver

Vancouver – Construction is underway on a new $12.2-million housing development in downtown Vancouver that will offer safe, affordable housing with support services for those who are homeless or at risk of homelessness and for Aboriginal people who travel to the city for medical treatment.

by NationTalk on June 6, 2011612 Views

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Labour concerns resurface in annual survey of business community

News Release
For Immediate Release

(Calgary, AB) – Today the Calgary Chamber of Commerce released results from its annual survey of members which identifies the business community’s most important issues for 2011. The priorities, which guide the work of the Chamber’s committee’s and advocacy efforts, are:

1. Economic competitiveness
2. Labour attraction, retention and skill development
3. Government fiscal management
4. Municipal affairs
5. Health care reform

by NationTalk on June 3, 2011675 Views

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Request For Proposals – Dehcho Youth/Elders Ecology Camp 2011

BOX 89, FORT SIMPSON, N.W.T. X0E 0N0
TEL : (867) 695-2355/2610 FAX : (867) 695-2038
EMAIL: dcfn@dehcho.org

Dehcho First Nations is seeking proposals from interested communties and parties for hosting the Annual Dehcho Summer Youth/Elders Ecology Camp. Dehcho First Nations Leadership , requests proposals from interested communities and parties within the Dehcho Region.

by NationTalk on June 3, 2011552 Views

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Growth Opportunities on Manitoulin Island

 June 2, 2011

McGuinty Government Boosts Local Economy, Creates Jobs

New projects are moving forward on Manitoulin Island, creating 27 new jobs and boosting the local economy.

Ontario is helping to:

• Improve safety and runway conditions at the Gore Bay-Manitoulin Airport

by NationTalk on June 3, 2011799 Views

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New Preliminary Assessment Completed for Seabridge Gold’s Courageous Lake Project

Thursday, 2nd June 2011

Study Predicts 16 Year Mine Life with Average Annual Gold Production of 383,000 Ounces.

Estimated Pre-Tax NPV of US$1.6 Billion at a 5% Discount Rate and IRR of 18.1% at Current Gold Price.

Toronto, Canada… Seabridge Gold announced today the results of a new Preliminary Economic Assessment (“PEA”) for its 100%-owned Courageous Lake project located in the Northwest Territories. The new PEA was prepared by Wardrop, a Tetra Tech Company (Wardrop). The 2011 PEA Executive Summary can be found at www.seabridgegold.net/CL-PEA_ExecSummary2011.pdf. The complete PEA will be filed at www.sedar.com within 45 days.

by NationTalk on June 3, 2011513 Views

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Geomark Announces First Quarter 2011 Results

Calgary, Alberta – June 2, 2011 –

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

Geomark Exploration Ltd. (Geomark or the Company) (TSX VENTURE:GME) is pleased to announce its operating and financial results for the first quarter ended March 31, 2011. The quarterly report is summarized in this release, with the complete version of the related condensed consolidated financial statements and notes, as well as management’s discussion and analysis, available on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com and on Geomark’s website at www.geomark.ca

by NationTalk on June 3, 2011536 Views

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Xstrata Zinc Enters Agreement to Acquire Canadian Zinc Prospects

Toronto, Ontario – June 2, 2011 – Xstrata Zinc has entered into a binding agreement with Sabina Gold and Silver Corporation to purchase the Hackett River and Wishbone exploration properties in the Western Kitikmeot region of Nunavut, North Canada.

Exploration drilling in Hackett River is underway and has confirmed an NI 43-101 compliant resource of circa 60 million tonnes of ore containing zinc, silver, copper, lead and gold, with approximately 5.2 million tonnes of zinc equivalent, housed within four proximal near surface deposits amenable to open pit mining. Both properties contain significant additional exploration potential.

by NationTalk on June 3, 2011563 Views

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Barkerville Closes Acquisition of Myrtle-Proserpine and Promise Properties

Vancouver, British Columbia – June 2, 2011 – Barkerville Gold Mines Ltd. (the “Company”) (TSX VENTURE:BGM)(FRANKFURT:IWUB) announces that it has closed the purchase of the Myrtle-Proserpine and Promise Properties (the “Acquisition”) with Huakan International Mining Inc. (formerly Merit Mining Corporation) under the terms previously disclosed on May 13, 2011 (News Release 11-10).

by NationTalk on June 3, 2011588 Views

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Peregrine Discovers Four New Kimberlites and Completes 11,000 Line-Kilometre Airborne Geophysical Survey at Chidliak

Vancouver, British Columbia – June 2, 2011 – Peregrine Diamonds Ltd. (TSX:PGD) (“Peregrine” or “the Company”) is pleased to report the discovery by drilling of four new kimberlites, CH-52 to CH-55, on the Chidliak project (“Chidliak”). Chidliak is located on southern Baffin Island approximately 100 kilometres northeast of Iqaluit, the capital of Nunavut, Canada. The company has discovered five kimberlites since April of this year, bringing to 55 the total number of kimberlites discovered at Chidliak since August, 2008. Seven of the 35 kimberlites tested for diamonds to date have characteristics consistent with economic diamond mining potential in Arctic settings. In addition to the new discoveries, core holes were drilled into the CH-17 and CH-28 kimberlites that were discovered in 2010 and an 11,000 line-kilometre heli-borne magnetic/electromagnetic geophysical survey was completed. Two core rigs and a reverse circulation (“RC”) rig are currently drilling at Chidliak.

by NationTalk on June 3, 2011492 Views

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Sabina Gold & Silver Announces Agreement With Xstrata Zinc Canada to Sell Hackett River Project and Certain Wishbone Claims

Vancouver, British Columbia – June 2, 2011 – Sabina Gold & Silver Corp. (TSX:SBB) –

-Definitive agreement signed to sell Hackett River and part of Wishbone for $50 million cash and reservation of a silver production royalty equal to 22.5% of first 190 million ounces of Silver product and 12.5% thereafter-

Sabina Gold & Silver Corp. is pleased to announce that it has entered into a definitive agreement (the “Agreement”) to sell its 100% owned Hackett River property and certain claims on the Wishbone Greenstone belt (the “Properties”) to Xstrata Canada Corporation, Xstrata Zinc Canada Division (“Xstrata”).

by NationTalk on June 3, 2011622 Views

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Diamonds North Stakes Claims With 11.2 g/T Gold Over 3 Metres

Vancouver, British Columbia – June 2, 2011 – Diamonds North Resources Ltd. (TSX VENTURE:DDN) announces staking of the Yandle and River gold properties in Southern Nunavut. The Yandle claims cover several prospects one of which yielded 11.2 g/T gold over 3 metres in a historical drill hole. Within the River claim block several prospects have also been reported including a grab sample that yielded 84.0 g/T gold.

by NationTalk on June 3, 2011542 Views

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Canadian Forces Liaison Council Salutes 2011 National Employer Support Award Recipients

Ottawa—The Canadian Forces Liaison Council (CFLC) presented the Ninth Biennial National Employer Support Awards on Wednesday, June 1, 2011. Seventeen organizations from across Canada, including government, business and academic institutions, received national awards for their outstanding support to Canadian Forces Reserve members.

“The Canadian Forces can rely on Reservists only because Reservists rely on their civilian employers and educators for support,” said John Eaton, National Chair of the CFLC and Chairman of Eaton’s of Canada, Inc. “There are many organizations across the country that support Reservists in important and meaningful ways, and they all deserve our thanks for being partners in Canada’s defence.”

by NationTalk on June 2, 2011725 Views

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Nanika Announces Rivett Lake Program

Vancouver, June 2, 2011 – Nanika Resources Inc. (TSXV:NKA) and (FSE:C7X) is pleased to announce that it will proceed with an exploration program on its 100 per cent owned Rivett Lake gold property in the Northwest Territories.

A crew will be onsite within the next month for mapping, grab sampling, channel sampling, and prospecting. The proposed exploration program for the Rivett Lake claims includes: compilation of the known mineral occurrences onto maps, systematic sampling using gps locations, plotting of sampling results and an evaluation of targets for further exploration by trenching and drilling. At the present time it is expected an additional 2011 work program will commence as soon as the results of phase one have been evaluated for favourable outcomes.

by NationTalk on June 2, 2011491 Views

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Baosteel Resources Completes Strategic Investment With Noront

Toronto, June 2, 2011 – Noront Resources Ltd. (“Noront” or the “Company”) (TSX Venture: NOT) is pleased to announce the closing of the previously announced strategic investment by Baosteel Resources International Co., Ltd. (“Baosteel”), part of The Baosteel Group, one of China’s largest steel producers. Baosteel has acquired 20,234,967 Units of Noront at a price of $0.86 per Unit. Each Unit consists of one common share and one half of one common share purchase warrant (each whole warrant a “Warrant”). Each Warrant shall be exercisable to acquire one common share of Noront at an exercise price equal to C$1.16 for a period of 24 months following the closing date. Net proceeds of the common share portion are approximately C$17.4 million and Baosteel’s ownership interest in Noront post transaction will be 9.9%. Exercise of the Warrants would increase Baosteel’s equity ownership interest in Noront to 14.15%, with additional aggregate proceeds to Noront of approximately C$11.7 million.

by NationTalk on June 2, 2011643 Views

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Xstrata Nickel Shares $15.2 Million of Raglan’s Operating Profit with Inuit Communities

Quebec, June 1, 2011 – Xstrata Nickel Raglan Mine today presented a cheque in the amount of Cdn$15.2 million to the Makivik Corporation and the Inuit communities of Kangiqsujuaq and Salluit. This sum represents the Inuit communities’ share of the profits generated in 2010 by the Raglan nickel mine operation, located in Nunavik, Northern Québec.

To date, more than Cdn$100 million in profit-sharing payments have been directed to an Inuit trust fund for economic and community development through the Raglan Agreement.

by NationTalk on June 1, 2011630 Views

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Nunatsiavut Government Request for Proposals (RFP) Uranium Mining Workshop

The Nunatsiavut Government is seeking a qualified consultant to plan and deliver a three-day uranium mining workshop in Happy Valley-Goose Bay, NL on the risks and benefits of uranium mining.

All proposals must be in either paper copy or pdf format.

Deadline: June 24, 2011 4:00 p.m. local time

by NationTalk on June 1, 2011846 Views

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Nemaska Announces Final Drill Results From Winter Drilling Program at Whabouchi Lithium Project

42.7 m at 1.83% Li2O, 42.2 m at 1.61% Li2O, 39.6 m at 1.56% Li2O and 23.8 m at 1.83% Li2O

Quebec City, Quebec – June 1, 2011 – Nemaska Exploration Inc. (“Nemaska” or the “Corporation”) (TSX VENTURE:NMX)(OTCBB:NMKEF)(FRANKFURT:NOT) is pleased to report the results of the last 15 holes from its diamond drill program recently completed on its 100% owned Whabouchi lithium project. In total 8,913 metres have been drilled in 48 holes. The results of these last 15 holes continue to illustrate the high-grade of the main mineralized zone and confirm the presence of smaller dykes to the South of the Main zone. Highlights include: 42.7 m at 1.83% Li2O and, 42.2 m at 1.61% Li2O, 39.6 m at 1.56% Li2O and 23.8 m at 1.83% Li2O. The results of the previous holes have been released on March 24, and April 11, 20 and 27, 2011. Following this last diamond drill program, the results of a new resources estimate are expected later this month.

by NationTalk on June 1, 2011486 Views

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Yellowhead Mining Inc. Appoints VP Environment, Community & First Nations Relations; Also Manager, Corporate Administration

Vancouver, British Columbia – June 1, 2011 -Yellowhead Mining Inc. (“Yellowhead”) (TSX VENTURE:YMI) is pleased to report two recent management appointments.

Charlene Higgins:Vice President Environment, Community & First Nations Relations

Charlene Higgins has a Master of Science and a Doctorate Degree in Ecology from the University of British Columbia. Charlene has over 14 years experience working with Aboriginal communities and organizations as a senior policy advisor and negotiator. She has participated as an expert and advisor in international (United Nations), national and provincial arenas on issues pertaining to the sustainable use and management of natural resources. Charlene is a member of the Canadian Standards Association (CSA) Technical Committee on Sustainable Forest Management, the Pan European Forest Certification (PEFC) National Governing Body, and the BC First Nations Environmental Assessment Technical Working Group.

by NationTalk on June 1, 2011660 Views

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Nemaska Redeems the $1M Convertible Debenture Issued in Favor of Golden Goose Resources Inc.

Quebec City, Quebec – May 31, 2011 – Nemaska Exploration Inc. (“Nemaska” or the “Corporation”)(TSX VENTURE:NMX)(OTCBB:NMKEF)(FRANKFURT:NOT) is very pleased to confirm that it has completed the purchase of the $1M convertible debenture that it had issued in favour of Golden Goose Resources Inc., on January 15, 2010 as a partial payment for the purchase of the Lac Levac and Lac des Montagnes mining properties. Nemaska has paid a total amount of $925,000 in full payment of the debenture.

by NationTalk on June 1, 2011473 Views

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

Vancouver, British Columbia – June 1, 2011 – Zone Resources Inc. (Zone) (TSX VENTURE:ZNR) announces that it has acquired an option to earn a 100% interest in the Bob Lake Iron Property, consisting of approximately 7,500 hectares, located in Nunavik, northern Quebec. The Property is situated between the Moore-Ross Mountain Property to the north and the Girard Lake Property to the south bringing the total project size to 41,500 hectares in the “Labrador Trough Iron Project”.

by NationTalk on June 1, 2011482 Views

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Fortune Minerals Releases First Quarter 2011 Results

London, ON, June 1, 2011 – Fortune Minerals Limited (TSX-FT) (“Fortune Minerals” or the “Company”) is pleased to announce that its consolidated financial statements prepared under the newly adopted International Financial Reporting Standards (“IFRS”) and management’s discussion and analysis of financial condition and results of operations for the period ended March 31, 2011 have been filed and will shortly be available on SEDAR (www.sedar.com) or through the Company’s web site (www.fortuneminerals.com). The Company’s transition date to IFRS was January 1, 2010, and its first financial statements prepared under IFRS are the interim financial statements for the three months ended March 31, 2011. The March 31, 2011 financial statements include full disclosure of the Company’s accounting policies, including new accounting policies under IFRS, and complete reconciliations of previously disclosed comparative period financial statements prepared in accordance with Canadian generally accepted accounting principles to IFRS, with adjustments explained, in Note 15.

by NationTalk on June 1, 2011562 Views

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Oceanic Appoints SECOR to Study Potential Economic Benefits to Nunavik and the Province of Quebec

Vancouver, British Columbia – May 31, 2011 – Oceanic Iron Ore Corp. (TSX VENTURE:FEO)(OTCQX:FEOVF) (the “Company”) is pleased to announce that it has engaged SECOR, an international strategic consulting firm to produce a high level economic impact study to be used as the basis for its continuing discussions with the Quebec government in relation to the potential economic benefits of the development of the Ungava Bay Project under the Plan Nord. This initial study lays the foundation for further analysis as the Project develops, focusing on job creation, fiscal revenues, infrastructure development and potential economic and structural benefits for the local communities in the region.

by NationTalk on June 1, 2011570 Views

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Azimut defines Copper-Nickel and Rare Earth targets at Diana, Nunavik, northern Quebec

Longueuil, QC, June 1, 2011 – Azimut Exploration Inc (“Azimut” or “the Company”) (TSXV: AZM) reports excellent results from its 100%-owned Diana property in Nunavik, northern Quebec. Strong and extensive anomalies in lake-bottom sediments from the property include copper (up to 1,010 ppm Cu), nickel (up to 549 ppm Ni), cobalt (up to 260 ppm Co), and combined rare earth elements (REE) and yttrium (up to 1,218 ppm REE+Y). Supported by magnetic and geological data, these geochemical anomalies delineate several highly prospective targets.

by NationTalk on June 1, 2011556 Views

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Copper Fox Commences 2011 Drilling Program, Updates Other Activities at Schaft Creek

Vancouver, British Columbia – May 31, 2011. (“Copper Fox” or the “Company”) (TSX-V: CUU) is pleased to announce that diamond drilling of DDH CF407-2011 at Copper Fox’s 100% owned Schaft Creek copper-gold-molybdenum-silver porphyry deposit located in northwest British Columbia has commenced. This hole is designed to test the eastern extension of the large chargeability anomaly associated with the zone of higher-grade mineralization intersected in 2010. An update on the progress of the resource estimate and airborne magnetic survey is also provided.

by NationTalk on June 1, 2011523 Views

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Forum Announces Addition to Management Team

Vancouver, B.C. May 31, 2011. Forum Uranium Corp. (FDC: TSX-V) is pleased to announce that Matt Terriss has joined the Company as Director, Corporate Affairs. Mr. Terriss comes with 20+ years experience in the investment and securities sector. He will be responsible for the investor outreach efforts of the company, including capital-raising, investor relations, marketing, and business development. The Company looks forward to the addition of Mr. Terriss to the Forum Uranium management team.

by NationTalk on June 1, 2011683 Views

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Golden Predator Triples 2011 Budget, Adds Second Drill, and Plans for Third at Brewery Creek Project, Yukon

NEWS RELEASE
TSX: GPD
MAY 31, 2011
NR 11-20

Vancouver, British Columbia — May 31, 2011: Golden Predator Corp. (TSX: GPD) (the “Company”) is pleased to announce that it has tripled its 2011 budget at its Brewery Creek Project to $6 MM. The Company made the decision to increase its Brewery Creek budget following the promising discoveries of its 2010-2011 drill programs at the newly-discovered Bohemian and Schooner Zones, and the identification of a number of high-priority drill targets by an airborne geophysical survey completed in May 2011.(1)

by NationTalk on June 1, 2011653 Views

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De Beers Canada releases 2010 Snap Lake Mine Socio-Economic Report

Yellowknife, (May 30, 2011) – De Beers Canada is pleased to release on its website (www.debeerscanada.com) the Snap Lake Mine 2010 Socio-Economic Report summarizing the company’s contribution to the economic, social and cultural well-being of the Northwest Territories.

“The year 2010 was focused on growing the mine workforce and increasing production safely,” said Brad Corrigan, Mine General Manager. “I am proud of the work done by the entire Snap Lake Mine team.”

by NationTalk on May 31, 2011723 Views

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Gitennes acquires options on two BC exploration projects

Vancouver, May 31, 2011 – Gitennes Exploration Inc. (TSXV: GIT) has entered into option agreements to buy 100% interests in two prospective mineral properties situated in southern British Columbia.

Riddle Property: This property covers a portion of a Tertiary alkaline volcanic feature that has rare-earth mineralization within a two metre-thick unit of tuff and sandstone. A limited amount of rare earth-related exploration was done in 2000, which was mostly rock sampling and trenching. Samples returned values of 2550 to 3130 ppm lanthanum, 582 to 676 ppm neodymium, 3260 to 4340 ppm cerium as well as elevated europium and samarium. Uranium and thorium values are very low, however barium is extremely high. The mineralized zone appears to be bedding parallel and shallowly dipping, and the target horizon may extend at least 1000 metres at shallow depths.

by NationTalk on May 31, 2011486 Views

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Québec invests an extra $122 million for the extension of route 138 on the Basse-Côte-Nord

Plan Nord: the project of a generation!

Natashquan, May 30, 2011 – Premier Jean Charest, the Minister for Transport and Minister responsible for the Outaouais region, Norman MacMillan, and the Minister responsible for Native Affairs, Geoffrey Kelley, today are pleased to announce an additional $122 million investment, allocated under the Plan Nord to continue the extension of Route 138 between Kégaska and Vieux-Fort.

by NationTalk on May 31, 20111268 Views

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Sabina Gold & Silver Announces Buy Back of the R.A. Olson Consulting Ltd. Royalties on Back River

Vancouver, Britsh Columbia – May 30, 2011 – Sabina Gold & Silver Corp. (TSX:SBB) is pleased to announce that it has completed the buyback of certain existing royalties on its 100% owned Back River gold and Wishbone projects in Nunavut, Canada.

The Back River mineral claims, consisting of George, Goose, Bath 1, Boulder, Boot Lake, Dell and Needle as well as mineral claims on the Wishbone Greenstone belt were subject to a production royalty to R.A. Olson Consulting Ltd (“RAOCL”). The royalty required payment of 1.5% of the value of minerals mined until the royalty payments aggregated $5 million after which the royalty decreased to 0.75%. These RAOCL royalties and other associated rights have been purchased by Sabina.

by NationTalk on May 31, 2011488 Views

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Aura Silver Appoints Union Securities Ltd. as Agent for Brokered Flow-Through Private Placement for Proceeds of Up to $1.5 Million

Ottawa, Ontario – May 30, 2011 – Aura Silver Resources Inc. (TSX VENTURE:AUU)(“Aura Silver” or the “Company”) announces the appointment of Union Securities Ltd. (“Union”) to act as its agent, on a commercially reasonable basis, to offer, by way of a brokered private placement, up to 6,000,000 flow-through units (the “Units”) at a price of $0.25 per Unit for gross proceeds of up to $1,500,000 (the “Offering”). Each unit will consist of one flow-through common share and one non-flow-through common share purchase warrant (“Warrant”). Each Warrant will entitle the holder to acquire, upon exercise, one common share at a price of $0.30 per share for a period of 24 months from the closing date of the Offering. Additionally, warrants will be callable during the 24 month period, at the option of the Company, should the Company’s common shares trade above $0.60 for twenty consecutive trading days on the TSX Venture Exchange. Subscribers will be notified of the call provision being triggered and will have a 30 day period to exercise the warrants.

by NationTalk on May 31, 2011519 Views

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Citadel Gold Mines Inc. Files Its Filing Statement and Receives Conditional Approval from the TSX Venture Exchange Regarding Its Acquisition of 2215107 Ontario Inc.

Toronto, Ontario – May 30, 2011 –

NOT FOR RELEASE OR DISSEMINATION INTO THE UNITED STATES

Citadel Gold Mines Inc. (“Citadel” or “the Company”) (TSX VENTURE:CGM.H) is pleased to announce that, further to its news releases dated April 28, 2011 and January 26, 2011, it has received conditional approval from the TSX Venture Exchange (the “Exchange”) to complete its acquisition of all of the issued and outstanding common shares of 2215107 Ontario Inc. (the “Acquisition”). In addition, the Company has also filed its filing statement (the “Filing Statement”) and a technical report (the “Technical Report”) in connection with the Acquisition.

by NationTalk on May 31, 2011568 Views

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Vale announces $100,000 donation to Ma-Mow-We-Tak Friendship Centre

 Thompson, MB, May 30, 2011 – Today, Vale is pleased to announce a $100,000 gift to the Ma-Mow-We-Tak Friendship Centre in Thompson, Manitoba. This support will enable the Friendship Centre to provide enhanced programming to Aboriginal and non-Aboriginal members of the community.

by NationTalk on May 30, 2011645 Views

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James Bay Mining Symposium 2011 – An essential event for the James Bay mining development potentiality

 Chibougamau, QC, May 27, 2011 – On May 30th, 31st, and June 1st 2011, the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), section Chapais-Chibougamau, in collaboration with the Ministry of Natural Resources and Wildlife (MNRW) of Northern Quebec, the Bureau d’exploration géologique du Québec (Géologie Québec), Développement Chibougamau, the Cree Nation of Mistissini and the Conférence régionale des élus de la Baie-James, are organizing a major mining symposium to be held in Chibougamau (May 30th and 31st) and in Mistissini (on June 1st). The objective of this symposium is to make the wide region of James Bay known and to promote its extraordinary mineral potential.

by NationTalk on May 27, 20111410 Views

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Kidd Mine builds a safety performance dynasty

Ontario Mining Association
May 27, 2011

Xstrata Copper’s Kidd Mine in Timmins has won the John T Ryan Ontario Regional Safety Trophy in the metal mine category in 2010 for the third consecutive year — Over the years, this mining operation has earned this recognition 18 times and built up a veritable dynasty in safety performance.

The Kidd Mine has captured the John T. Ryan Ontario Regional Safety Trophy in – 1974, 1975, 1976, 1977, 1978, 1979, 1980, 1981, 1983, 1984, 1995, 1996, 1997, 1998, 1999, 2008, 2009 and 2010. The mine has also won the national metal mine trophy on 10 different occasions.

by NationTalk on May 27, 2011590 Views

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LIM Closes $11.25 Million Over-Allotment Option

Mining and Plant Commissioning Underway

Toronto, Ontario – May 27, 2011 -Labrador Iron Mines Holdings Limited (“LIM” or the “Company”) (TSX:LIM) is pleased to announce today that the underwriters of the Company’s recently completed $110,000,500 public offering of common shares (the “Offering”) have exercised the over-allotment option (the “Option”) granted in connection with Offering and have purchased an additional 900,000 shares for gross proceeds of $11,250,000, bringing the total gross proceeds of the Offering to $121,250,500.

by NationTalk on May 27, 2011518 Views

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Aura Silver Initiates Drilling of High Grade Gold-Silver Targets at Greyhound, NU

May 26, 2011

Aura Silver Resources Inc. (TSX-V:AUU) (“Aura Silver” or the “Company”) is pleased to announce that its 2011 field program focusing on high grade gold-silver targets at its Greyhound Project in Nunavut, Canada has begun.

Ground electrical – and magnetic surveys across three geologically distinct target areas were initiated in early May and are almost complete. This program compliments the Induced Polarization (IP) survey completed in 2010 to the east and southeast of Aura Lake. The 2010 IP survey identified drill targets for the current drilling program. As previously reported, grab surface samples around Aura Lake returned exceptional grades of over 5,300 g/t silver and 28 g/t gold which are now well constrained by geophysical and soil geochemical anomalies. The first stage of this program consisted of 40 kilometres of ground horizontal loop/magnetic surveying across defined airborne GEOTEM conductors at the north east end of the property which is approximately 20 kilometres from Aura Lake where surface samples returned up to 4.0 g/t gold in sulphidized iron formation. This area is best described as having similar geological characteristics as that of Agnico Eagle’s Meadowbank mine which is just 40 kilometres north of Greyhound. The survey of the first target area is now complete with analysis of the data to be carried out.

by NationTalk on May 27, 2011533 Views

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Penn West Exploration (“Penn West”) Provides Update on Wildfires in Northern Alberta and Flooding in Eastern Plains

<a href="http://s3.amazonaws.com/nationtalk_ca/imports/uploads/tts/press_releases/[img” title=”http://s3.amazonaws.com/nationtalk_ca/imports/uploads/tts/press_releases/Living wall and local traditions under one roof at TRU.mp3″ title=”http://s3.amazonaws.com/nationtalk_ca/imports/uploads/tts/press_releases/[url=http://s3.amazonaws.com/nationtalk_ca/imports/uploads/tts/press_releases/Living wall and local traditions under one roof at TRU.mp3″>[img”>http://s3.amazonaws.com/nationtalk_ca/imports/uploads/tts/tts_i.png[/img] ]
Calgary, Alberta – May 26, 2011 – More than 100 Penn West (TSX:PWT) (NYSE:PWE) staff, their families, the families of contract personnel, local and First Nation communities have been directly impacted by the fires in northern Alberta. We are making every effort individually and corporately to meet the needs of these families as they cope with recent events. Penn West encourages the public and the corporate community to assist the efforts of organizations such as the Red Cross and Salvation Army in providing food, water, clothing and shelter to those who were evacuated from their homes due to the wildfires. We are also endeavoring to assist firefighters and support teams with needed supplies and we greatly appreciate their tremendous effort to control the wildfires and prevent new outbreaks.

by NationTalk on May 27, 2011597 Views

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Barkerville Assays Gold in First 10 Diamond Drill Holes for 2011 on The BC Vein-Up To 14.1m of 6 g/t and Up To 28.7 g/t Over 4.6m

Vancouver, British Columbia – May 26, 2011 – Barkerville Gold Mines Ltd. (TSX VENTURE:BGM)(FRANKFURT:IWUB) (the “Company”) reports the assay results of its first 10 diamond drill holes for 2011 on the BC Vein located on Barkerville Mountain in central British Columbia. The Company has now traced the BC Vein for 2.2 km from the vicinity of the Bonanza Ledge deposit on Barkerville Mountain through to Cow Mountain. The Company currently has 3 drill rigs running on site with three more enroute and is permitted to drill 900 holes on Barkerville Mountain and 300 holes on Cow Mountain over the next three years. The BC Vein remains open along strike and at depth beyond its know depth of 1000 feet (304.8 m). Drilling continues and further assay results will be released as they are received from the lab. Highlights from BCV11-01 through 10 are as follows (see also Table 1 below):

by NationTalk on May 26, 2011628 Views

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Yukon-Nevada Gold Corp. Announces First Quarter Results for 2011

Vancouver, BC – May 25, 2011 – Yukon-Nevada Gold Corp. (TSX: YNG) (Frankfurt Xetra Exchange: NG6) (the “Company”) today announced its financial and operational results for the first quarter ended March 31, 2011. This information should be read in conjunction with the Company’s annual financial statements, notes to the financial statements and Management’s Discussion and Analysis. All dollar amounts are expressed in United States Dollars unless otherwise specified.

by NationTalk on May 26, 2011552 Views

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Duncastle Commences Drilling at Porphyry Creek

May 25, 2011

Duncastle Gold Corp. (DUN:TSX-V) announced today that it has commenced drilling on its Porphyry Creek project located 30 kilometers northwest of Smithers, in northwest British Columbia.

Up to six holes totaling 2,400 metres are planned to follow up on Duncastle’s copper-molybdenum porphyry discovery at the Sultana mine area announced December 16, 2010. The holes target an 800 meter by 1,200 meter area of coincident high conductivity and low magnetic susceptibility located to the west and to the north of the 2010 discovery holes. Copper grade in the 2010 drill results was noted to increase down hole towards the magnetic low anomaly, with hole PC-10-01 ending in 30 meters of 0.2% copper (see figure at http://www.duncastlegoldcorp.com/uploads/tinymce/2010_results_for_web_large.jpg).

by NationTalk on May 26, 2011635 Views

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