Posts by Marketwire - Mining and Metals:

Ethiopian Potash drilling and assay update

TORONTO, ONTARIO--(Marketwire - Nov. 16, 2011) - Ethiopian Potash Corp. (the "Company") (TSX VENTURE:FED)(TSX VENTURE:FED.WT)(OTCQX:ETPHF) is pleased to announce that it has completed 16 diamond drill holes totalling 3,353 metres on its Danakil Potash Project. The initial 16 holes were drilled in the South-west Target Area. Holes 17 and 18 are currently being drilled to test the northern continuation of the South-west Target Area. All holes have intersected the Danakil Potash bearing sequence.

Great Western Minerals Group appoints mine manager at Steenkampskraal rare earth project

SASKATOON, SASKATCHEWAN--(Marketwire - Nov. 16, 2011) - Great Western Minerals Group Ltd. ("GWMG" or the "Company") (TSX VENTURE:GWG) (OTCQX:GWMGF) is pleased to announce the appointment of Kwaw Kabaah as Mine Manager at the Company's Steenkampskraal mine operation in South Africa. Mr. Kabaah, who reports to David Kennedy, Chief Executive Officer of Rareco, GWMG's wholly-owned subsidiary, is responsible for the management, control and day-to-day operations at the Steenkampskraal mine.

Forbes Coal secures ZAR230 million (approximately C$30 million) loan facility to fund the company’s expansion

TORONTO, ONTARIO--(Marketwire - Nov. 16, 2011) - Forbes & Manhattan Coal Corp. (TSX:FMC)(JSE:FMC) ("Forbes Coal" or the "Company"), through its subsidiary Slater Coal Proprietary Limited, has secured a ZAR230 million (approximately C$30 million) loan facility from Investec Limited ("Investec"), an international investment and private banking group. Funds from the loan facility will be used to further the Company's expansion plans.

Torex receives $83 million from warrant exercises

TORONTO, ONTARIO--(Marketwire - Nov. 16, 2011) - Torex Gold Resources Inc. ("Torex" or the "Company") (TSX:TXG) is pleased to announce that 63.9 million common share purchase warrants have been exercised into an equivalent number of common shares of the Company at a price of $1.30 per share, for total proceeds to the Company of $83 million. Of this total, three million warrants were exercised before July 31, 2011. "We want to thank our shareholders for their confidence and support since we first acquired the Morelos Gold Project two years ago." said Fred Stanford, President and CEO of Torex. "These additional funds will allow us to accelerate the de-risking of the Morelos Gold Project and to aggressively search for new discoveries on the property." he added.

Rio Verde Minerals announces completion of first drill hole, with significant potash intersections totaling 79m of sylvinite and carnallitite, at sergipe potash project

TORONTO, ONTARIO--(Marketwire - Nov. 16, 2011) - Rio Verde Minerals Development Corp. (TSX:RVD) ("Rio Verde" or the "Company") is pleased to announce the completion of the first drill hole, SED-001-11 ("SED-001-11", the "Hole") at its Sergipe Potash Project ("Sergipe" or the "Sergipe Project"), located in the Sergipe Basin in northeastern Brazil. Drilling of the SED-001-11 hole was completed on November 12, 2011, when the target depth of 1,350m was reached. The Hole, which is the first of three holes planned at the Sergi Prospect, is a twin hole of an historical Petrobras oil well located 115m to the northwest of SED-001-11.

Condor Resources Inc.: Drill rig mobilized to the San Martin gold-silver project, Peru

Condor Resources Inc. ("Condor" or the "Company") (TSX VENTURE:CN) is pleased to announce that all of the required permitting has been completed and a diamond drill rig has been mobilized to the Company's 100% owned San Martin Au-Ag project situated in the Orcopampa-Caylloma epithermal precious metals belt in the Arequipa district of south-central Peru. Drilling is expected to commence soon.

Montoro Increases Strategic Claim Holdings in Rocky Mountain Rare Metal Belt

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 15, 2011) - International Montoro Resources Inc. ("Montoro") (TSX VENTURE:IMT)(PINK SHEETS:IMTFF)(FRANKFURT:O4T) has acquired through staking an additional 4 claims covering over 4,500 acres, due west of its previously acquired Carbo group in 'The Rocky Mountain Rare Metal Belt' northeast of Prince George, British Columbia.