Posts by Marketwire - Mining and Metals:

Quantum Rare Earth Developments Corp. happy to be in the news

Quantum Rare Earth Developments Corp. (TSX VENTURE:QRE)(OTCQX:QREDF)(FRANKFURT:BR3) ("Quantum", the "Company") is the focus of a recent special report in Larry Oakley's Conservative Speculator financial newsletter. According to the investment report, the U.S. currently imports 100 percent of its supply of the strategic metal, niobium, for its industrial needs. The report noted that Quantum's property at Elk Creek, Nebraska, has a 43-101 inferred resource of about 0.5 billion kilograms of niobium. In addition, deposits of Rare Earth Elements have also been found at Quantum's 14-square-mile tract at Elk Creek.

North Bay Resources Inc. (NBRI) agrees to JV on Fraser River platinum project

North Bay Resources Inc. (OTCBB: NBRI) ("North Bay" or the "Company") is pleased to announce that it has signed a Memorandum of Understanding ("MOU") with Devlin's Bench Mining Ltd and P. Wright Contracting Ltd ("PWC") to enter into a joint-venture on North Bay's Fraser River Platinum Project in British Columbia. The Fraser River Platinum Property is located near Lytton in south-central British Columbia, Canada, and covers approximately 4.5 kilometers of placer claims along the Fraser River. The property includes the Van Winkle Bar, from which BC MINFLE 092ISW078 and BC Open File 1986-7 have documented historical assays of 5681 grams (182.67 ounces) per tonne platinum from black sand concentrate.

New Gold Agrees to acquire Silver Quest Resources Ltd. consolidates ownership of Blackwater project in British Columbia

New Gold Inc. ("New Gold") (TSX:NGD)(NYSE Amex:NGD) and Silver Quest Resources Ltd. ("Silver Quest") (TSX VENTURE:SQI) today jointly announce a binding letter agreement whereby New Gold will acquire, through a plan of arrangement (the "Arrangement"), all of the outstanding common shares of Silver Quest. Under the terms of the Arrangement, Silver Quest shareholders will receive 0.09 of a New Gold share (the "Share Consideration") for each Silver Quest share held and one common share in a new Yukon-focused precious metals exploration company, McIntyre Minerals Inc. ("McIntyre") for every three Silver Quest shares held (the "Spinco Consideration").

Quadra FNX announces a 9% increase in Q3 2011 copper production

Quadra FNX Mining Ltd. ("Quadra FNX" or the "Company") (TSX:QUX) announces that consolidated payable production for the three months ended September 30 increased 9% compared to Q2 2011 and 30% compared to Q1 2011 and totaled 60 million pounds of copper, 26 thousand ounces of total precious metals ("TPMs") and 3 million pounds of nickel. Paul Blythe, President & CEO comments; "This is our strongest quarter since 2009, driven by Robinson and continuing strong performance from our Sudbury operations. We are seeing continuing and significant improvements in production at Robinson. The various measures that we have taken are delivering increased flexibility and productivity.

Quadra FNX and Xstrata Nickel to create an access arrangement on the Craig Mine

Quadra FNX Mining Ltd. ("Quadra FNX" or the "Company") (TSX:QUX) and Xstrata Nickel have signed a term sheet to utilize the Craig mine shaft and related underground infrastructure to further develop and operate the Levack mine, including the Morrison deposit. All amounts are in US dollars. Quadra FNX expects that the use of Xstrata Nickel's Craig infrastructure will significantly improve the operational flexibility of the Morrison deposit and provide additional mining and drill access in the lower portions of this high grade ore body. The additional development and improved efficiency is expected to have a positive impact on production.

Zoro Mining reduces its debt and strengthens balance sheet

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 13, 2011) - Zoro Mining Corp. (OTCBB:ZORM) is pleased to announce that on October 5, 2011 the Board of Directors of Zoro Mining Corp., a Nevada corporation (the "Company"), authorized the settlement of debt, consisting of outstanding convertible notes, advances, promissory notes, services, accrued interest and other amounts totaling US$1,090,737 (the "Debt"). Under the terms of the approved agreements the Company will satisfy the Debt with the issuance of 6,543,114 shares of restricted common stock of the Company at a deemed issuance price of US$0.1667 per share for debt associated with cash expenditures advanced to the Company. More detailed information with respect to Zoro's projects, corporate information, and leadership team can be found at the company's website: www.zorominingcorp.com