Dr. Fabio Montanari, President and CEO of Soltera Mining Corp. , is pleased to announce that the results of a structural geological survey at El Torno, Soltera's flagship gold property in Argentina, are now available.
El Torno is located in the Andean Cordillera near the international border with Bolivia. It is in the central part of a major mineralized province that extends several hundred kilometers through Argentina and Bolivia. read more
Source: Soltera Mining Corp.
Thursday, October 9, 2008
Soltera Mining Corp.: Structural Geological Survey Suggests Increased Gold Potential at El Torno
Labels: Business, Gold, mining
Posted by Unknown at 6:15 AM 0 comments
Seabridge Gold Agrees to Sell Noche Buena to Fresnillo/Newmont Joint Venture
Seabridge Gold announced today that it has signed a letter of intent to sell its 100% owned Noche Buena project in Sonora, Mexico to Minera Penmont, S. de R.L. de C.V., a joint venture between Fresnillo plc. and Newmont USA Limited, a wholly owned subsidiary of Newmont Mining Corporation. Terms of the sale are US$25 million in cash at closing, a further US$5 million upon commencement of commercial production from Noche Buena and a 1.5% net smelter royalty payable on all production sold for US$800 per ounce of gold or greater. The transaction is subject to completion of definitive closing documentation and normal closing conditions, which are expected to be completed within the next two months. read more
Source: Seabridge Gold Inc
Labels: Business, Gold, mining
Posted by Unknown at 6:12 AM 0 comments
Vantex Acquires 19 Mining Claims Adjacent to the Santa Anna Gold Property
The management of Vantex Resources Ltd ("Vantex") is pleased to announce the acquisition of 19 mining claims directly adjacent to the Santa Anna gold property that was recently acquired by Vantex and announced in a press release dated March 18. The Santa Anna property is located 15 kilometres West of the town of La Sarre, in Abitibi, Quebec, in the La Reine township. read more
Source: Vantex Resources Ltd.
Labels: Business, Gold, mining
Posted by Unknown at 6:04 AM 0 comments
Itronics Reports Three More States Register GOLD'n GRO Guardian Deer Repellent; Environmentally Green Product
Itronics Inc. today reported that its wholly-owned subsidiary, Itronics Metallurgical, Inc., has received GOLD'n GRO Guardian registration in three more states, Alabama, Delaware, and Pennsylvania, bringing the number of states in which GOLD'n GRO Guardian is registered to ten. Registration is pending in New York. read more
Source: Itronics Inc.
Posted by Unknown at 6:01 AM 0 comments
Tuesday, October 7, 2008
Cadiscor Appoints Paul Bonneville, P. Eng. as Vice President Mining
Cadiscor Resources Inc., is pleased to announce the appointment of Paul Bonneville, P. Eng., as Vice President Mining. Mr. Bonneville's responsibilities at Cadiscor will be to develop the company's mining projects, such as the upcoming development of the Sleeping Giant Mine to put it back into production in 2009. Mr. Bonneville will also oversee the development of the Discovery property. read more
Source: Cadiscor Resources Inc.
Posted by Unknown at 2:15 AM 0 comments
Mining Oil Enters Into an AMI Participation Agreement With Jurasin Oil & Gas
On September 22, 2008, Mining Oil, Inc. entered into a participation agreement to acquire certain working interests held by Jurasin Oil & Gas, Inc. ("Jurasin") of Houston, Texas, and its affiliate, Rampant Lion Energy, LLC, in two prospects. These two prospects include one located in south Louisiana and another located in the offshore shallow waters of Mustang Island in Texas. This agreement provides that the parties enter into a long-term "Area of Mutual Interest (AMI)" for the next 10 years. As such, Jurasin will offer the Mining Oil the right of first refusal to acquire any interest that Jurasin has in future prospects in which Jurasin develops or acquires. read more
Source: Mining Oil, Inc.
Labels: Business, mining, Oil and Gas
Posted by Unknown at 2:07 AM 0 comments
Crosshair Exploration & Mining Corp.: 2008 Exploration Program Complete; Change of President
Crosshair Exploration & Mining Corp.announces that it has completed its 2008 exploration program on its Central Mineral Belt project in Labrador. The exploration camps at the Two Time Zone and the C Zone have been shut down and winterized and all personnel have returned from the field to the Company's office in St. John's. The Company is currently awaiting drill and other assay results and is compiling data from its extensive field programs in both the Northstar and Lonestar division areas. Full results from this year's program will be released in a series of news releases throughout the fall as results become available. read more
Source: Crosshair Exploration & Mining Corp.
Posted by Unknown at 1:21 AM 0 comments
DWS RREEF World Real Estate & Tactical Strategies Fund, Inc. (DRP) Declares Monthly Distribution
DWS RREEF World Real Estate & Tactical Strategies Fund, Inc. declared a distribution of $0.08 per share, payable on October 31, 2008 to shareholders of record on October 16, 2008. The ex-date is October 14, 2008. The previous monthly distribution amount was $0.134 per share.
The current distribution rate represents a 12.00% annualized yield based on the closing market price of $8.00 on October 3, 2008 and a 9.27% annualized yield on a closing NAV of $10.36 on the same date. read more
Source: DWS RREEF World Real Estate & Tactical Strategies Fund, Inc.
Labels: Business, Capital Market, Real estate
Posted by Unknown at 12:40 AM 0 comments
Blumberg Capital Partners Completes Two-Year Real Estate Disposition Strategy
Blumberg Capital Partners, a Coral Gables, Fla.-based investment fund manager, today announced it has completed a two-year strategy to dispose of its major commercial real estate holdings nationally, raising cash to capitalize on strategic investment opportunities, amid a tightened credit environment and lower asset prices. The most recent transaction was completed last month, with the $9.3 million sale of its smallest holding, a 76,397-square-foot office building in Tampa, Fla. read more
Source: Blumberg Capital Partners
Labels: Business, Capital Market, Investment, Real estate
Posted by Unknown at 12:25 AM 0 comments