Posts by Marketwire - Mining and Metals:

Auryx Gold adopts shareholder rights plan

TORONTO, ONTARIO--(Marketwire - Sept. 23, 2011) - Auryx Gold Corp. ("Auryx") (TSX:AYX)(NSX:AYX) announces that its board of directors has approved the adoption of a Shareholder Rights Plan Agreement (the "Rights Plan"). The Rights Plan is similar to shareholder rights plans adopted by other Canadian companies. It has not been adopted in response to any proposal to acquire control of Auryx.

Cardero supports the government’s BC jobs plan

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 23, 2011) - Cardero Coal Ltd. ("Cardero Coal") is encouraged by the Government of British Columbia's announcement on Thursday regarding the BC Jobs Plan, as well as the stated commitment to reduce the time it takes to get decisions on mineral exploration and mining approvals and permits. "BC has a rich history of mining and Premier Clarke's recognition of the sector and the role it plays in the provincial economy indicates her understanding of what needs to be done to ensure our province benefits fully from the valuable resources we have in the ground," says Michael Hunter, Cardero Coal's President.

Diamond Frank Exploration Inc. announces $1,750,000 brokered financing

LAVAL, CANADA--(Marketwire - Sept. 23, 2011) - Diamond Frank Exploration Inc. (TSX VENTURE:DOD) (the "Company") is pleased to announce that it has engaged Secutor Capital Management Corporation and Industrial Alliance Securities Inc. (collectively the "Agents") in connection with a private placement offering (the "Offering") for maximum gross proceeds of $1,750,000. A minimum of $350,000 will be raised through the sale of 5,000,000 units (the "Units"), at a price of $0.07 per Unit and a total of $1,400,000 will be raised through the sale of 14,000,000 flow-through units (the "Flow-Through Units"), at a price of $0.10 per Flow-Through Unit.

Avalon comments on Yellowknife plane crash

TORONTO, ONTARIO--(Marketwire - Sept. 23, 2011) - Avalon Rare Metals Inc. (TSX:AVL)(NYSE Amex:AVL) ("Avalon" or the "Company") confirms that three of its staff and four visitors were injured in the crash of Arctic Sunwest's Twin Otter floatplane in Yellowknife on Thursday. The board of directors, management and staff of Avalon send their deepest condolences to the families of the two pilots who died in the crash and to all employees of Arctic Sunwest, the Yellowknife-based air charter company.

Ivanhoe Mines to issue statement on Monday, September 26, on challenge to unauthorized remarks about Oyu Tolgoi project

SINGAPORE, SINGAPORE--(Marketwire - Sept. 23, 2011) - Ivanhoe Mines (TSX:IVN)(NYSE:IVN)(NASDAQ:IVN) founder and Chief Executive Officer Robert Friedland said today that the company will issue a statement on Monday, September 26, in response to what it considers to be unauthorized and incomplete information concerning the Oyu Tolgoi Project by members of Rio Tinto's senior management this week.

Silvercorp files lawsuit in New York against stock manipulation scheme

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 23, 2011) - Silvercorp Metals Inc. (TSX:SVM)(NYSE:SVM) a Canadian based mining company, ("Silvercorp" or the "Company") on September 22, 2011 filed a lawsuit in New York County Supreme Court charging defendants Chinastockwatch.com, Jerry Katz, Alfredlittle.com, Alfred Little, Simon Moore, and several "John Doe" defendants with spreading "false, defamatory and fraudulent" information about Silvercorp on the Internet and in letters to the media and regulators. Silvercorp charged that the defendants did so to drive down the price of Silvercorp's stock in order to make their short positions in the stock more profitable.

Teras to initiate 20,000 meter drill program

Teras Resources Inc. ("Teras" or the "Company") (TSX VENTURE:TRA) Teras is pleased to announce that the Company has engaged Harris Exploration to drill approximately 100 holes totalling over 20,000 meters on its Cahuilla project in Imperial County, California. CALGARY, ALBERTA--(Marketwire - Sept. 23, 2011) - Teras Resources Inc. ("Teras" or the "Company") (TSX VENTURE:TRA) Teras is pleased to announce that the Company has engaged Harris Exploration to drill approximately 100 holes totalling ove...

Dorato receives final drill results from phase I Cobrecon drilling

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 23, 2011) - Dorato Resources Inc. ("Dorato" or the "Company") (TSX VENTURE:DRI)(OTCQX:DRIFF)(FRANKFURT:DO5) announces receipt, from Minera Afrodita, of final drill results from the first phase of drilling at the northern-most anomaly at Cobrecon. Results indicate the presence of a large and pervasive mineralized porphyry system, drill-tested over an area of 2km x 1km (Figure 1). Grades can be considered sub-economic at 0.1% to 0.2% copper, but the presence of such a large and pervasive mineralized system is encouraging for the two remaining drill targets (Cobrecon Sur and Cobrecon Este), which are defined by larger, more intense surface geochemical anomalies. Drilling on the remainder of the targets is subject to Minera Afrodita's permitting process.

Global Uranium signs letter of intent to acquire coal project in Alabama

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 22, 2011) - Global Uranium Corporation (TSX VENTURE:GU) (the "Company") announces that it has signed a letter of intent ("LOI") with two vendors to purchase surface rights and mining rights related to 400 acres containing up to three coal seams having an aggregate thickness of up to five feet. The project is located in Jefferson County, Alabama. Coal samples taken on the property have been analyzed by SGS Laboratories and the coal is considered to be a medium grade metallurgical coal.