Posts by CNW Telbec | Mining/Metals:

Monument enters into definitive agreement for acquisition of 70% of Mengapur polymetallic project in Malaysia

Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) ("Monument" or the "Company") is pleased to announce that the Company, through its wholly owned subsidiary, Monument Mengapur Sdn. Bhd. ("MMSB") in Malaysia, has entered into the Definitive Acquisition Agreement with Diamond Hard Mining Sdn. Bhd., its shareholders and its wholly owned subsidiaries, Cermat Aman Sdn. Bhd. ("CASB") and Malaco Mining Sdn. Bhd. ("Malaco") (collectively the "Malaco Group"), all incorporated in Malaysia, to acquire 70% of the Mengapur Polymetalic Project (the "Mengapur Project" or the "Project") located in Pahang State, Malaysia.

Desert Gold Receives Conditional Exchange Approval for Acquisition of TransAfrika Belgique S.A.

Further to its press release of October 5, 2011, Desert Gold Ventures Inc. (TSX-V: DAU) (the "Company" or "Desert Gold") is pleased to announce that the TSX Venture Exchange (the "Exchange") has conditionally approved its proposed acquisition (the "Acquisition") from TransAfrika Resources Cyprus Limited (the "Vendor") of all of the outstanding shares of TransAfrika Belgique S.A. ("TransAfrika"), a private Belgian company which owns interests in three advanced exploration-stage gold deposits in central and western Africathrough subsidiaries in Rwanda, Mali and Senegal.

West African Iron Ore Corp. phase one drilling continues to intersect high grade iron ore mineralisation and confirms potential Direct Shipping Ore

West African Iron Ore Corp (TSX-V: WAI) West African Iron Ore ("WAI" or the "Company") is pleased to report substantial intersections of near surface and sub-surface, high-grade iron ore mineralisation from its on-going phase one drilling program. The current set of results just received from SGS analytical facilities in both South Africa and Canada include partial results for five (5) reverse circulation (RC) drill holes and complete results for SAMRC 011. The upper 8 to 12 metres of mineralisation of 3 RC (SAMRC 012, SAMRC 013 and SAMRC 018) appear to have the grades and chemistry to be shipped with minimal processing (Direct Shipping Ore or DSO).

Guyana Goldfields receives the mining license for the Aurora Gold project from the Government of Guyana

TORONTO, Nov. 18, 2011 /CNW/ - Guyana Goldfields Inc. (TSX: GUY) ("GGI" or "the Company") is pleased to announce today that it has signed a Mineral Agreement ("MA") with the Government of Guyana and has received the Mining License for the Aurora Gold Project, as previously promised through its Memorandum of Understanding ("MOU") agreement with the Guyanese Government (see press release dated October 5, 2011). This is the first large-scale mining license to be issued in the gold sector in Guyana since 1991.

Agnico-Eagle offer for Grayd expires; Agnico-Eagle acquires 94.77% of Grayd and plans compulsory acquisition of remaining shares

TORONTO, Nov. 18, 2011 /CNW/ - Agnico-Eagle Mines Limited ("Agnico-Eagle") (NYSE & TSX: AEM) and Grayd Resource Corporation ("Grayd") (TSX-V: GYD & OTCQX: GYDRF) announced today that 91,228,900 common shares (the "Shares") of Grayd, representing approximately 94.77% of the outstanding Shares on a fully-diluted basis, have been validly deposited pursuant to the offer (the "Offer") made by Agnico-Eagle to acquire all of the issued and outstanding Shares. All conditions of the Offer have been satisfied and the Offer has now expired and will not be extended. Agnico-Eagle has taken up all deposited Shares and will pay for such deposited Shares not later thanNovember 23, 2011.

Great Lakes Nickel signs option agreement with Rio Tinto

TORONTO, Nov. 18, 2011 /CNW/ - Great Lakes Nickel Limited ("GLN" or the Corporation") is pleased to announce that it signed an agreement today with Rio Tinto Exploration Canada Inc. ("RTEC") regarding an option by RTEC to acquire a 100% undivided interest in certain mining properties located in Pardee Township, Ontario (the "Pardee Property"). The basic terms of the agreement are that RTEC may exercise the option upon paying $5,500,000 to the Corporation over the course of seven (7) years, at which time it will grant the Corporation a 2% net smelter returns royalty.