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Mining news: COST ESTIMATEINVESTMENT – Copper Hill study fundsAn agreement with China National Automation Control System Corp (CACS) will allow Golden Cross Resources to conduct a bankable feasibility study at its Copper Hill Project in Central New South Wales. The Sinomach Group company signed a Memoradum of American Bonanza Gold Corp.: Copperstone Positive Feasibility ResultsVANCOUVER, BRITISH COLUMBIA — (Marketwire) — 02/03/10 — American Bonanza Gold Corp. (TSX: BZA)(OTCBB: ABGFF)(FRANKFURT: AB2) (’Bonanza’) is pleased to announce the positive results of its NI43-101 compliant 2010 Feasibility Study (the ‘Study’) at Genco to Carry Out $4.5 Million PlacementMarketwire - Genco Resources Ltd. (TSX:GGC) proposes to carry out a private placement of up to 12,500,000 units of Genco at a price of CAD $0.36 per unit for gross proceeds of up to CAD $4,500,000. Rye Patch Gold Corp. Issues Shares and Warrants to Finder in Substitution for Compensation Option(Source: MARKETWIRE)Rye Patch Gold Corp. (TSX VENTURE: RPM)(OTCBB: RPMGF) (”Rye Patch” or the “Company”) announces that in connection with its recently completed non-brokered private placement (the “Private Placement”), the Company issued an option (the Rye Patch Gold Corp. Issues Shares and Warrants to Finder in Subs…Companies: Rye Patch Gold Corp (RPM), Rye Patch Gold Corp (RPMGF) Rye Patch Gold Corp. (TSX VENTURE:RPM)(OTCBB:RPMGF) (”Rye Patch” or the “Company”) announces that in connection with its recently completed non-brokered private placement (the “Private A$8.75 MILLION PLACEMENT RAISED - ELEMENTAL MINERALS LIMITEDElemental Minerals reported to have raised A$8.75M by way of a placement of 25 million fully paid ordinary shares at an issue price of 35 cents each. CAN$2.925 MILLION PRIVATE PLACEMENT ANNOUNCED - MIRANDA GOLD CORP.Miranda Gold announced that it proposes to raise up to $2,925,000 by way of a nonbrokered private placement through the issuance of up to 4,500,000 units at a price of $0.65 per unit. CEMA Releases New Revegetation Manual for Oil Sands- Flexibility in revegetation treatments, - Methods to evaluate the success of revegetation measures, - More direct linkage between soil salvage, soil placement and revegetation activities, - An explicit list of knowledge gaps SMITSPAN PRE-FEASIBILITY STUDY HIGHLIGHTS - FIRESTONE ENERGY LIMITEDFirestone Energy announced highlights from the prefeasibility study completed recently for the Smitspan property. Key highlights include a 21 year mine life with production up to 7mtpa saleable product. The first stage pit plan dimensions consist of 4.2km long and up to 1.6km wide with an average 28m overburden with first stage planned mine depth to 90m. Nkwe Platinum announces positive bankable feasibility study on Garatau ProjectNkwe’s (ASX: NKP) strategy is to add substantial shareholder value through the acquisition, exploration, development and commercialisation of Platinum Group Elements (PGE) and associated base metal projects in the Bushveld Complex of South Africa. Rockwell Updates Financings and Rights OfferingVANCOUVER, Feb. 2 /PRNewswire-FirstCall/ - Rockwell Diamonds Inc. (’Rockwell’ or the ‘Company’) announces that it has completed the private placement portion of the recapitalization financings originally announced on December 2, 2009 and has now Catalyst Copper Corp. (formerly Svit Gold Corp.) closes $10.5 million private placement, acquires option in La Verde property, changes name and appoints new directors and officersTSXV: CCY VANCOUVER, Feb. 2 /CNW/ - Catalyst Copper Corp. (formerly Svit Gold Corp.) (the “Company”) is pleased to announce the completion of the transactions announced in its December 8, 2009 news release. The Company has changed its name to Catalyst CAN$$1,720,000 PRIVATE PLACEMENT CLOSED - PERSHIMCO RESOURCES INC.Pershimco Resources announced the second closing of its private placement for subscriptions representing Can$445,000, with the issuance of a total of 2,966,666 Class “A” common shares of the Corporation at a subscription price of $0.15 per unit, subject to the final approval of the TSX Venture Exchange and regulatory authorities. This second closing finalizes a total private financing of Can$1,720,000. Volta Resources says Burkina Faso gold mine will start producing in 2014The group says it is planning to launch a pre-feasibility study at its Kiaka gold mine in the second half of this year Duluth Metals announces private placement of common shares to Wallbridge Mining CompanyDuluth Metals Limited (’Duluth’) (TSX: DM) (TSX:DM.U) announced today it has completed the private placement of 7,456,420 common shares to Wallbridge Mining Company (’Wallbridge’), at a price of CDN $2.00 per share, resulting in gross proceeds to Duluth High Desert Gold Corporation Completes Final Tranche of Previously Announced Financing Bringing Total Gross Proceeds to $1,325,40002:29 PM EST VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 01/29/10 — High Desert Gold Corporation (’HDG’ or the ‘Company’)(TSX VENTURE: HDG) is pleased to report that it has closed the second and final tranche of a private placement financing (the Augen Gold Corp. Announces $470,000 Third Closing of Non-Brokered Private Placement for Total Proceeds Raised of $1,500,000TORONTO, Jan. 29 /CNW/ - Augen Gold Corp. (’Augen Gold’ or ‘the Company’) (TSX-V: GLD) is pleased to announce completion of a non- brokered private placement of $470,000 through the sale of 4,700,000 Units at $0.10 per Unit. As a result of this closing Donner Metals Ltd.: Financing IncreasedMr. David Patterson, Chairman of Donner Metals Ltd. (TSX VENTURE:DON)(FRANKFURT:D4M), reports that the further to the Company’s News Release dated January 19, 2010, the non-brokered private placement of non-flow through units has been increased from Rio Tinto starts MP diamond mining study…Tinto starts MP diamond mining study InfraNews Rio Tinto starts MP diamond mining studyWednesday, January 27, 2010 Rio Tinto has started in-house feasibility study for the open pit Bunder diamond mining project in Madhya Pradesh. Coal - report for the quarter ended December 2009Highlights from Coal’s operational report for the quarter ended 31 December 2009 included: * Placement of 59,867,731 ordinary shares at 95 pence per share raising approximately GBP56.9 million to fund the acquisition of Nucoal Mining (Pty) Ltd NWM Mining Corporation Closes Tranche of Private PlacementSponsored by: TSX Venture Exchange Symbol: NWM Shares Outstanding: 197,644,527 TORONTO, Jan. 28 /CNW/ - NWM Mining Corporation (’NWM’ or the ‘Company’) (TSX-V: NWM) announces that it has closed tranche 1 of a private placement of 18,750,000 common shares BRIEF-BRC DiamondCore, Rio Tinto enter into exploration JVJan 28 (Reuters) - BRC DiamondCore Ltd: BRC DIAMONDCORE AND RIO TINTO ENTER INTO AGREEMENT FOR EXPLORATION OF IRON ore in Northern DR Congo ALL IRON ORE EXPLORATION UP TO,INCLUDING COMPLETION OF ANY FEASIBILITY STUDY will be funded by Rio Tinto SAYS JV British mining outfit downscales gold project in Cagayan ValleyCagayan Valley to $150 million, preliminary results of the bankable feasibility study showed. Mineral resources and production targets were also lowered after several studies, the miner said on its Web site. âCapital cost not expected to exceed $150 WILCHERRY HILL PRE-FEASIBILITY STUDY - IRONCLAD MINING LIMITEDIronClad Mining announced a summary of the results of the Pre-Feasibility Study into the production and sales of the proposed two million tonnes per annum of Direct Shipping Ore (DSO) from the Wilcherry Hill project in South Australia. A full Bankable Feasibility Study (BFS) has been commenced and is targeted for completion in late March 2010. Crowflight Announces Strategic Review and Private Placement FinancingTORONTO, ONTARIO–(Marketwire - Jan. 27, 2010) - CROWFLIGHT MINERALS INC. (”Crowflight” or the “Company”) (TSX: CML.TO) today announces that the Company has received a non-binding expression of interest from Pala Investments Holdings Limited (”Pala”) Second mine for AvocaAvoca n Mining - ’s premier news website Second for Avoca 28 January 2010 by Paul Hayes is set to develop a second at its in after strong reserve estimate results. The company said that an in-house feasibility study on the underground resource at the Helio (HRC:TSX-V) enters into $6,210,000 Private Placement Financing agreement with IFC/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES/ VANCOUVER, Jan. 27 /CNW/ - Helio Resource Corp. (TSX-V: HRC.V) (”Helio” or the “Company”) is pleased to announce that it has entered into a binding Russia coal miner KTK to place shares in Q1-sourcesMOSCOW, Jan 27 (Reuters) - Kuzbass Fuel Company (KBTKI.RTS: Quote, Profile, Research), Russia’s seventh largest steam coal miner, could carry out a secondary placement in Russia this quarter, banking industry sources told Reuters on Wednesday. One of Yamana Gold Provides Update on Agua Rica and Announces Construction Decision for its Ernesto/Pau-a-PTORONTO, Jan. 26 /PRNewswire-FirstCall/ - YAMANA GOLD INC. today announced an update on its Agua Rica project in Argentina and a construction decision on its Ernesto/Pau-a-pique project in Brazil based on positive feasibility study results. All amounts CAN$1.25 MILLION PRIVATE PLACEMENT ANNOUNCED - NORTHERN ABITIBI MINING CORP.Northern Abitibi Mining announce a proposed non-brokered private placement of up to 3,906,667 units at a price of $0.15 per Common Unit and up to 4,150,000 flow-through units at a price of $0.16 per FT Unit for gross proceeds of up to $1,250,000. Mountain Province Diamonds Provides Feasibility Study UpdateFeasibility Study on track for completion in mid-2010 Shares Issued and Outstanding: 66,631,746 TSX: MPV NY - AMEX: MDM TORONTO A final draft of the Gahcho Kue project description has been presented to the Gahcho Kue Joint Venture partners, De Beers CAN$1,050,000 PRIVATE PLACEMENT CLOSED - TINKA RESOURCES LIMITEDTinka Resources announces the completion of private placements by the issuance, subject to final acceptance from the TSX Venture Exchange, of a further 10,500,000 units which include 1,500,000 units issued in the second tranche non-brokered portion of CAN$1.6M PRIVATE PLACEMENT COMPLETED - NEW GUINEA GOLD CORPORATIONNew Guinea Gold announced that the private placement announced on December 15, 2009, had been completed. 13,333,333 common shares have been issued; gross proceeds totaled $1.6 million. CAN$1 MILLION PRIVATE PLACEMENT ANNOUNCED - ROCHER DEBOULE MINERALS CORP.American Manganese announced the raising by way of non-brokered private placement, up to $1,000,000 through the issuance of up to 5,000,000 units at a price of $0.20 per Unit. Condor Resources Inc.: $3 Million Brokered Private PlacementVANCOUVER, BRITISH COLUMBIA–(Marketwire - Jan. 25, 2010) - Condor Resources Inc. (the “Corporation”) (TSX VENTURE: CN.V) is pleased to announce that subject to regulatory approval, it has negotiated a brokered private placement with Dundee Securities Egypt:Govt. to enter into a framework deal with UAE to set up 200-MW wind farm at the Gulf of SuezEgyptian Minister of Electricity and Energy Hassan Yunis said Friday Egypt and the United Arab Emirates (UAE) would soon hammer out a framework deal for a 200-MW wind farm at the Gulf of Suez region in Egypt. A feasibility study is to be conducted for Medallion Closes $376,250 Private-Placement Unit OfferingMedallion Resources Ltd. (’Medallion’ or the ‘Company’) (TSX VENTURE:MDL) today announced it closed on January 20, 2010 (the ‘Unit-Offering Closing Date’), its private placement unit offering (the ‘Unit Offering’), originally announced in the Company’s SEMAFO Initiates Feasibility Study of Wona Mineralization at DepthSemafo (TSX: SMF) announce the selection of engineering and specialized firms to conduct the Pre-feasibility and Feasibility Studies (“PFS/FS”) of the Wona mineralization at depth, at the Company’s Mana mine in Burkina Faso. The objective of the CAN$3.5 MILLION PRIVATE PLACEMENT CLOSED - ARIAN SILVER CORPORATIONArian Silver announced that it has closed the non-brokered private placement previously announced in December 2009. The placement has raised Cdn$3,499,857 and comprised 69,997,139 units of the Company at Cdn$0.05 per Unit. CAN$1.87 MILLION PRIVATE PLACEMENT ANNOUNCED - GRYPHON GOLD CORPORATIONGryphon Gold announced that it proposes to offer for sale on a private placement basis to accredited investors up to 11,000,000 units at a price of C$0.17 per unit for a total of $1,870,000. Arian Silver’s $3.5 Million Non-Brokered Private Placement Completed and OversubscribedArian Silver Corporation (’Arian’ or the ‘Company’) (TSX VENTURE:AGQ)(AIM:AGQ)(PLUS:AGQ)(FRANKFURT:I3A) is pleased to announce that it has closed the non-brokered private placement previously announced in December 2009. Jim Williams, Arian Silver CAN$1 MILLION PRIVATE PLACEMENT ANNOUNCED - CANCOR MINES INC.Cancor Mines announced that it intends to raise up to $1,000,000 by way of a non-brokered private placement of units. Under the private placement a maximum of 20,000,000 units would be issued at a price of $0.05 per unit. CAN$1.62 MILLION 1ST TRANCHE PLACEMENT CLOSED - MAYA GOLD and SILVER INC.Maya Gold & Silver announced that it has closed a first tranche of the non-brokered private placement previously announced on December 22, 2009. The Company has raised $1.62 million through the issuance of 4.06 million units at a price of $0.40 per unit. A$5.32 MILLION PLACEMENT CLOSED - CRESCENT GOLD LIMITEDCrescent Gold announced it has successfully completed a placement of 26,615,000 million shares to raise A$5,323,000 million equity to sophisticated investors. Study on Tanzania coal project advancing – AtomicJOHANNESBURG - Coal and uranium explorer Atomic Resources would complete a bankable feasibility study (BFS) for the Ngaka coal project, in Tanzania, in early 2010. The company said in a statement on Friday that most of the key elements of the BFS h Atlanta Gold Announces Engagement of P and E Mining Consultants Inc. to Complete an Independent NI 43-101 Technical Report and Pre-Feasibility Study for i/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ TORONTO, Jan. 21 /CNW/ - Atlanta Gold Inc. (TSXV: ATG.V) announces that the Company has engaged P&E Mining Consultants Inc. (”P&E”) of Brampton, Ontario to A$1.92 MILLION PLACEMENT CLOSED - CARNAVALE RESOURCES LIMITEDCarnavale Resources reported to have confirms that it has placed 9,600,000 shares at an issue price of 20 cents per share to raise $1,920,000. CAN$9,000,000 PRIVATE PLACEMENT ANNOUNCED - GOLDEN BAND RESOURCES INC.Golden Band Resources announced that it has entered into an agreement with Cormark Securities Inc. and Casimir Capital L.P., pursuant to which the Agents will offer to sell on a best efforts agency basis up to 36,000,000 units of the Company at a price A$2.4 MILLION PLACEMENT ANNOUNCED - VITAL METALS LIMITEDVital Metals announced that it is seeking to raise up to $2.4 million through a share placement at 6 cents a share to fund an aggressive gold exploration program. |
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