Posts by Marketwire - Mining and Metals:

Franco-Nevada to acquire Lumina Royalty Corp. for $66 million

TORONTO, ONTARIO--(Marketwire - Sept. 22, 2011) - Franco-Nevada Corporation (TSX:FNV)(NYSE:FNV) ("Franco-Nevada") and Lumina Royalty Corp. ("Lumina Royalty") have entered into an arrangement agreement whereby Franco-Nevada will acquire all of the common shares of Lumina Royalty by way of a court approved plan of arrangement for US$60 million in Franco-Nevada common shares and US$6 million in listed Franco-Nevada warrants ((TSX:FNV.WT.A) with a C$75.00 exercise price, expiring June 16, 2017). Under the arrangement, Lumina Royalty shareholders will receive 0.03487 Franco-Nevada common shares and 0.01917 Franco-Nevada warrants for each Lumina Royalty common share held.

Fluke Products Take Top Honors in the Consulting-Specifying Engineer Product of the Year Awards

EVERETT, WA--(Marketwire - Sep 22, 2011) - Two products from Fluke Corporation, the global leader in portable electronic test and measurement technology, have been recognized as best new products in the Consulting-Specifying Engineer Product of the Year Awards. The FlukeĀ® TiS Thermal Imager was named Most Valuable Product of 2011 and won the test instruments, meters, data-loggers category gold award. The 810 Vibration Tester took the bronze award in the same category.

Dynasty Gold mobilized drill rig to Golden Repeat property in Nevada

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 22, 2011) - Dynasty Gold Corp. (TSX VENTURE:DYG)(FRANKFURT:D5G) ("Dynasty" or the "Company") is pleased to report that DeLong Construction, Inc. has been engaged to perform phase one drilling of up to 1230 meters at the Golden Repeat Property. A drill rig was mobilized to the Golden Repeat Property in anticipation of final drill permit approval by Bureau of Land Management in Nevada ("BLM").

Silvercorp repurchases approx. $35 million of shares under NCIB

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 22, 2011) - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX:SVM)(NYSE:SVM) announced it has acquired a total of 4,468,012 of its common shares at a total cost of $34,949,140 (average price of CDN$7.82 pursuant to its normal course issuer bid ("NCIB") announced on June 17, 2011. Under the existing NCIB the Company intends to acquire up to 10 million common shares. All common shares purchased under the NCIB will be cancelled.

Huldra Silver provides development update for Treasure Mountain

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 22, 2011) - Huldra Silver Inc. (TSX VENTURE:HDA) (the "Company" or "Huldra") today provides an update on the 2011 development program at its 100% owned Treasure Mountain Property. All road rehabilitation has been completed. Approximately 75 metres of the planned 200 metres of the Level One production drift have been driven, allowing development access to the first two stopes on Level One. Two existing raises have been re-opened from Level One to the surface, a distance of 50 metres each. Two additional raises are being driven from Level One to the surface, of which 20 metres and 10 metres, respectively, have been completed.

Colorado significantly expands Hit property in BC

COLORADO RESOURCES LTD. (TSX VENTURE:CXO) ("Colorado" or the "Company") is pleased to announce it has signed a letter agreement with two private individuals to acquire a 100% interest in the 8,546 hectare Aspen Grove South Property, located in southern B.C. To earn its 100% interest, Colorado must issue 100,000 shares, subject to TSX Venture Exchange approval and grant the vendors a 2.5% N.S.R. of which the first 1.5% may be purchased for $1 million and the remaining 1% for $3 million.

SG Spirit Gold closes private placement

SG Spirit Gold Inc. (TSX VENTURE:SG) ("Spirit Gold") is pleased to announce that it has closed its previously announced non-brokered private placement offering (the "Offering") of units ("Units") of Spirit Gold. Spirit Gold raised aggregate gross proceeds of $1,131,779.82, through the issuance of 18,862,997 Units at a price of $0.06 per Unit.

ValGold to acquire past producing gold-silver mine and surrounding region in Western Ukraine

ValGold Resources Ltd. (TSX VENTURE:VAL)(FRANKFURT:VR2) ("ValGold") is pleased to announce that it has negotiated an agreement to acquire a 75% interest in a private Ukrainian company, Klinservis - Center Ltd., which is to hold a 25 year mining licence over the past producing Muzhievo gold-silver mine and the surrounding mineral fields of the Beregovo Mining District in western Ukraine ("the MBK Project").

Trevali announces $40.0 million offering of 5-year convertible senior unsecured debentures by way of a short form prospectus

Trevali Mining Corporation ("Trevali" or the "Company") (TSX:TV)(OTCQX:TREVF)(FRANKFURT:4TI)(BVLAC:TV) is pleased to announce that it has filed a preliminary short form prospectus with the Securities Commissions in each of the Provinces of Canada in connection with an offering (the "Offering") of C$40 million principal amount of 5-year convertible senior unsecured debentures (the "Debentures"). The Offering will be conducted through a syndicate of underwriters led by Raymond James Ltd. and including GMP Securities L.P., Scotia Capital Inc., M Partners Inc. and Paradigm Capital Inc. (collectively, the "Underwriters").

Empire Mining Corporation: IP/resistivity survey commences at Karapinar copper project, Turkey

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 21, 2011) - Empire Mining Corporation (TSX VENTURE:EPC) ("Empire") is pleased to announce that an IP/resistivity survey has commenced at the Karapinar copper project to seek extensions to the chalcocite enrichment blanket identified in recent drilling, and to target higher grade primary porphyry and skarn mineralization to the north of the previously drilled area. A total of eight line kilometres are planned in four north-south profiles, each two kilometres long. Dipole-dipole surveying will be used with a six dipole array, with spacing of 200 metres. Empire plans to drill test any targets generated.

Sunridge Gold completes 5000 m core drilling program and reaches 50% ownership of Majescor’s Besakoa copper-zinc-gold Project, Madagascar

MONTREAL, QUEBEC--(Marketwire - Sept. 21, 2011) - Majescor Resources Inc. ("Majescor" or the "Company") (TSX VENTURE:MJX) is pleased to report that on September 15, 2011, the Company has received formal notice by Sunridge Gold Corp. ("Sunridge") that Sunridge had fulfilled its obligations pursuant to the Option Agreement dated September 15, 2008 and Amendment Agreement dated June 19, 2009 (the "Agreement"), by incurring $2,000,000 in work expenditures on the Besakoa volcanogenic-massive-sulphide (VMS) project, southern Madagascar, and by issuing 300,000 Sunridge common shares to the Company. Consequently, Sunridge is deemed to have acquired a 50% interest in Daraina Exploration S.a.r.l. ("Daraina"), a registered Malagasy corporation and a 100%-held subsidiary of Majescor, the owner of the Besakoa project.