Posts by Marketwire - Mining and Metals:

Lithium One defines new zone of high grade lithium-potash brine at Sal de Vida

VANCOUVER, CANADA--(Marketwire - Aug. 31, 2011) - Lithium One Inc. (the "Company") (TSX VENTURE:LI), is pleased to report the delineation of a new zone (the "North Basin") containing thick halite sequences hosting high grade lithium and potassium brine at the Sal de Vida Project at Salar del Hombre Muerto, Argentina. The five core holes in this new discovery report grades averaging 852 mg/L lithium and 10,181 mg/L potassium within the first 55 metres from surface, with no cut-offs applied. The 50 kmNorth Basin is adjacent to, but geologically separated from, the 170 kmCentral Basin where the Company has previously defined an inferred resource1 of 5.4 million tonnes Lithium Carbonate equivalent and 21 million tonnes potassium chloride equivalent (1,470M m3 at 695 mg/L Li and 7590 mg/L K).

Osisko announces an increase in Caterpillar Lease Financing Facility

MONTREAL, QUEBEC--(Marketwire - Aug. 31, 2011) - Osisko Mining Corporation ("Osisko")(TSX:OSK)(FRANKFURT:EWX) is pleased to announce that it has entered into an agreement with Caterpillar Financial ("Cat Financial") to increase its equipment leasing facility by US $56.3 million. The facility will be used to acquire additional mobile mining equipment fleet to develop the Canadian Malartic Mine and the Barnat gold deposit.

BCGold Corp. closes first tranche of private placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 31, 2011) - BCGold Corp. (TSX VENTURE:BCG)(PINK SHEETS:BCGOF) (the "Company") is pleased to announce that it has closed the first tranche of its private placement previously announced on July 11, 2011. The Company has raised $1,472,440 through the issuance of 2,660,000 of non-flow through units (the "NFT Units") at a price of $0.10 per NFT Unit and 10,053,663 flow through units (the "FT Units") at a price of $0.12 per FT Unit.

Fjordland Options Dillard Gold and Copper Property, Between Copper Mountain Mine and Elk Gold Mine, Southern British Columbia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 31, 2011) - Fjordland Exploration Inc. (TSX VENTURE:FEX) has signed a Letter of Intent with private vendors for the 2,200-hectare Dillard Property, located in southern British Columbia. The option agreement to purchase a 100% interest covers prospective ground straddling newly discovered porphyry copper showings and high-grade gold quartz vein targets. The road-accessible Dillard Property is located approximately 35 kilometres north of Princeton, where Copper Mountain Mining Corp. recently put the Copper Mountain (Similco) copper-gold-silver mine back into production

Silver Quest approves a 75 hole diamond drill program at the Davidson joint venture claims

Vancouver, BC - Silver Quest Resources (TSX.V: SQI) ("Silver Quest" or "the Company") is pleased to report that the Davidson Joint Venture Management Committee has approved a budget covering work to be completed over the next six to nine months. The planned activities include drilling on the Davidson Joint Venture Claims (the "Claims"), together with the preparation of a Preliminary Economic Assessment Report ("PEA") and work on certain infrastructure items that will benefit both the Claims and the overall Blackwater Project. Silver Quest's share of the budget will be approximately $5.1 million.

Nevsun drills 30m of 8.55% copper adjacent to Bisha Mine

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 31, 2011) - Nevsun Resources Ltd. (TSX:NSU)(NYSE Amex:NSU) is pleased to report the assays from the forty-three diamond drill holes at the hanging wall copper zone within its Bisha mining license in Eritrea. The hanging wall copper zone is immediately west of the Bisha Main deposit and partially within the current open pit limit but it is not included in the current resource or reserve estimate for Bisha.

Gem International options 100% of gold project in Mvomero & Kilindi Districts of Tanzania

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 31, 2011) - Gem International Resources Inc. (TSX VENTURE:GI) has entered into an option agreement with Mr. Anderson Fred Temu, Mr. Pascal D. Nestory and Mr. Benard Beatus (the "Optionor"), to acquire a 100-per-cent interest in the Mvomero Gold Project, located in the Mvomero and Kilindi districts of Tanzania. The project encompasses Prospecting Licenses PL7138/2011 and PL7147/2011, containing a total area of 234.75 square kilometers and is located 35 kilometers west-southwest of Canaco Resources Inc.'s Magambazi Hill Project.

Spanish Mountain announces commencement of pre-feasibility study

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 31, 2011) - Spanish Mountain Gold Ltd. (the "Company") (TSX VENTURE:SPA) is pleased to announce the commencement of a Pre-Feasibility Study ("PFS") for the Spanish Mountain Gold Project (the "Project"). The PFS will refine the estimates of capital and operating costs that were the basis for the Preliminary Economic Assessment (PEA) completed by the Company in December 2010. The Company currently has ongoing resource definition, geotechnical, metallurgical and power supply studies underway, the results of which will form part of the PFS.

Ressources Appalaches Completes Private Placement of $600,000

Ressources Appalaches (TSX VENTURE:APP) ("Appalaches") has completed a private placement of $600,000 with accredited investors and employees, executive officers, directors and consultants. Pursuant to this placement, Appalaches has issued 10 000 000 common shares at a price of $0.06 per share and 10 000 000 common share purchase warrants.