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Gold Canyon intercepts 292.5 meters at 1.13 grams per tonne gold at Springpole gold project-stakes additional 10,000 acres

Gold Canyon Resources announced assays from the final four holes of its Winter 2011 Diamond Drill Program at its 100% controlled Springpole Gold Project, located 110 kilometers northeast of the Red Lake Mining Camp, Ontario, Canada. Results include 292.5 meters at 1.13 grams per tonne gold (959 feet at 0.033 oz per ton gold) including 198.5 meters at 1.42 grams per tonne gold (651 feet at 0.041 oz per ton gold) in hole SP11-059 drilled in the southeast part of the Portage Zone. "Our infill drilling this winter continues to demonstrate remarkable consistency within the Portage Zone," comments Dr. Quinton Hennigh, Technical Advisor and Director of Gold Canyon Resources.

America West Resources completes mine development and commences full production at Horizon Coal Mine

America West Resources, Inc. (OTCBB: AWSR), a domestic compliant coal producer with mining operations in Central Utah, today announced that it has successfully completed mine development and commenced full production at Horizon Coal Mine, located in Carbon County about 120 miles southeast of Salt Lake City, Utah. It is estimated that there is more than 16 million recoverable tons of high quality, thermal coal reserves under lease at the Horizon Mine. Over the past 36 months, America West has focused on implementing a mine development strategy utilizing a room and pillar mining approach to excavating coal deposits from the 1,640 acre mining leasehold.

Castillian Nickel spin-out starts Tanzania drill program

Castillian Resources Corp. listed on the TSX Venture market announced on Monday that Kibaran Nickel Limited an ASX listed company has started a 3,000 metre drill program at its Kagera Nickel Project located in Tanzania. In October 2010, Castillian and Kibaran entered into an agreement whereby Kibaran acquired a 100% interest in the Kagera Nickel Project from Castillian. Castillian has gold and base metal properties in Canada and South America — its flagship property is the Hope Brook Gold Project located in southwestern Newfoundland.

Pan Terra Industries to acquire 90% of Mertens high grade copper mine

Mitchell Adam, President and CEO of Pan Terra Industries announcedit has entered into a Letter of Intent (the "LOI") to acquire 90% of the issued and outstanding common shares of Mertens Mining and Trading (PTY) Limited ("Mertens"), a private company incorporated under the laws of Namibia, Africa. Pursuant to the terms and conditions of the LOI, Pan Terra will acquire 90% of the issued and outstanding shares of Mertens for total consideration of $6,617,647 CDN

Drilling at Condor’s Pucamayo West Project intersects 340g/t Ag over 2.2m, including 548g/t Ag, 0.72g/t Au, 2.50% Cu, 2.01% Pb and 2.18% Zn over 1.2m

Condor Resources Inc. (TSX VENTURE:CN) is pleased to announce results from its first phase 1,200 metre diamond drilling program at the Pucamayo West silver-gold property, Peru. This was the first drilling program ever conducted on the property. Diamond drill hole PUC-004 has returned values of 340.9g/t Ag, 0.62g/t Au, 1.80% Cu, 1.77% Pb and 2.27% Zn over 2.2m from 80m to 82.2m depth, including 548.0g/t Ag, 0.72g/t Au, 2.5% Cu, 2.01% Pb and 2.18% Zn over 1.2m from 81 to 82.2m depth.

Critical Elements Corporation intersects 1.64% Li20 and 226 ppm Ta2O5 over 9.20 metres near surface

Critical Elements Corporation (TSX VENTURE:CRE)(OTCQX:CRECF)(FRANKFURT:F12) is pleased to announce the latest results of drilling on the Rose Tantalum-Lithium deposit. The table (found by clicking on the link to the press release below) shows the results for holes LR-11-156 to LR-11-171 (except for Hole LR-11-167), drilled to test the eastern extension of the zones. All the holes intercepted the mineralized zones with similar grades to earlier results. Some intersections returned particularly high tantalum grades, such as holes LR-11-160, LR-11-164, LR-11-166 and LR-11-169, which yielded 405, 483, 483 and 466 PPM TA2O5 respectively.

Kinross Gold: unionized workers at Tasiast return following brief work stoppage

Kinross Gold Corporation (TSX:K)(NYSE:KGC) said today that a brief work stoppage at its Tasiast gold mine in Mauritania on May 19th had ended. Normal operations at the site have resumed and all unionized workers are back to work following the resolution of certain issues related to working conditions and pay. Constructive dialogue with the union is continuing with the aim of improving working conditions to Kinross standards, and to negotiating a collective agreement with unionized employees. Production at Tasiast was not affected by the work stoppage, which lasted less than a day. In the first quarter of 2011 Tasiast produced 51,321 gold equivalent ounces.

Pacific Coast Plaza to buy 3.6m tons of coal valued at over $300m from Global Earth Energy & Modern Coal

Global Earth Energy and its Texas-based joint venture partner Modern Coal announced on Thursday the offer by Pacific Coast Plaza Inc. to purchase 100,000 metric tons of coal per month for a period of 36 months. The price of coal is approximately $85 per metric ton valuing the deal at over $300 million. The current plan is to have the coal loaded on barges from a suitable port yet to be determined.

Levon announces closing of $40,170,000 offering

Levon Resources announced that it has today closed a previously announced financing pursuant to which the Company has issued 20,600,000 common shares at a price of $1.95 per share for gross proceeds of $40,170,000. The company intends to use the net proceeds of the Offering for continued exploration of the Cordero property located in Chihuahua, Mexico, and for working capital.

Vulcan Minerals Inc. to spin out new company focussed on potash exploration

Vulcan Minerals Inc. ("the Company")(TSX VENTURE:VUL) is pleased to announce its intention to undertake a corporate re-organization whereby the Company will spin-out certain of its mineral exploration assets into a separate publicly traded subsidiary company (NewCo). These assets consist of the mineral rights in the Bay St. George basin of western Newfoundland where the Company has discovered the Captain Cook potash deposit. The Captain Cook potash discovery was made with a core hole in 2002 and consists of a 5 meter gross interval grading up to 20.40% potassium oxide (K20) at a depth of 287 meters. It occurs in rocks which are geologically similar to those containing the Sussex potash mine in New Brunswick operated by the Potash Corporation of Saskatchewan. (Visit www.vulcanminerals.ca for further information.)

Allana Potash intersects highest grade potash to date with 52.40 % KCl over 0.80 metres

Allana Potash Corp. (TSX VENTURE:AAA) ("Allana" or the "Company") is pleased to announce that it has further extended the potential of its Dallol deposit with the completion of additional drilling and assay activity in areas beyond those included in the original resource estimate completed in 2008. This work is part of the upcoming update to Allana's National Instrument 43-101 ("NI 43-101") technical report. Drill hole DK-11-15 ("Hole 15") has intersected significant potash mineralization up to 52.40% KCl over 0.80 metres. Hole 15 intersected two strong zones of potash mineralization which appear to correlate with the Sylvinite Zone and Kainitite Zone.