Posts by CNW Telbec | Mining/Metals:

Premier Gold announces completion of $33.4 million bought deal public offering of common shares and flow-through common shares

Premier Gold Mines Limited (TSX:PG) ("Premier" or the "Company") is pleased to announce that it has completed a previously announced bought deal public offering of 2,000,000 common shares (the "Common Shares") at a price of $5.50 per Common Share and 3,450,000 flow-through common shares (the "Flow-Through Shares") at a price of $6.50 per Flow-Through Share for aggregate net proceeds of approximately$31.65 million (the "Offering") through a syndicate of underwriters co-led by RBC Capital Markets and Canaccord Genuity Corp. and including Stonecap Securities Inc., Versant Partners Inc., Mackie Research Capital Corporation, Middlefield Capital Corporation and Octagon Capital Corporation.

$60 million Ritchie Bros. auction in Edmonton, AB attracts bidders from 37 countries

EDMONTON, Oct. 28, 2011 /CNW/ - Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world's largest industrial auctioneer, attracted more than 5,200 on-site and online bidders from 37 countries to a two-day CA$60 million (US$60 million) unreserved public auction in Edmonton, Alberta on October 26 - 27, 2011. More than 2,100 people (42%) bid online in real time at www.rbauction.com, purchasing almost CA$16 million (US$16 million) of equipment (26%). Among the equipment sold: a 2007 Caterpillar D7R XR series II crawler tractor that sold for CA$380,000 (US$383,000) to an on-site buyer from Grande Prairie, AB and a 2009 Western Star 4900SA tri-drive vacuum truck that sold for CA$300,000 (US$302,000) to an on-site buyer from Medicine Hat, AB.

SLAM Cutting High Grade Zinc-Lead-Silver

SLAM Exploration Ltd. (TSXV: SXL) (US-OTC: SLMF) ("SLAM") is pleased to announce assay results from the first 2 of 11 diamond drill holes NP11-16 to NP11-25 completed to date at its wholly owned Nepisiguit project located 15 km west of the BMS 12 Mine in New Brunswick.

Wallbridge Mining commissions the Broken Hammer feasibility study

Wallbridge Mining Company Limited (TSX:WM, FWB: WC7) ("Wallbridge" or the "Company") is pleased to announce that it has retained the services of Wardrop, A Tetra Tech Company ("Tetra Tech") and AMEC, two large multi-disciplinary engineering companies to complete the required studies for the development of its Broken Hammer deposit in Sudbury, Ontario. Tetra Tech will complete the Pre-Feasibility study ("PFS") and the subsequent Feasibility Study ("FS"). AMEC will complete the Environmental and permitting requirements. "The successful delivery of the bulk sample and its expected results have brought this project to the next phases of development namely Pre-Feasibility, Feasibility, and permitting."

Silver Predator cuts 42.67 m of 100.25 g/t silver at Taylor Silver Deposit, Ely, Nevada

Silver Predator Corp. (TSX: SPD) (the "Company") is pleased to announce results of the final 10 holes from its thirty-five hole drill program at the Taylor Project, located in White Pine County, Nevada. A total of 3,528 meters of angled RC holes were drilled to test for higher grade feeder veins as well as to expand the current mineral resource. Significant results include: SPT11-027 with 42.67 m of 100.25 g/t silver from a depth of 67.05 m; SPT11-031 with 7.62 m of 104.2 g/t silver from a depth of 4.57 m; and 6.1 m of 111.75 g/t silver from a depth of 44.19 m; and SPT11-034 with 27.43 m of 96.5 g/t silver from surface.