Petrobank Energy and Resources Ltd. (TSX: PBG) announced on Wednesday that it reached an agreement with Grizzly Oil Sands Ulc. to sell May River property.
Verde Potash shares fell $1.66 or 19.4% to $6.90 on Tuesday, recovering from even steeper losses earlier in the day, after the company released a preliminary economic assessment report for its Brazil project that disappointed investors.
Scotgold Resources announced Tuesday it expects to receive a mining lease from the Crown for the Cononish gold and silver project, the only one of its kind in the UK, in May this year. Production could start early in 2013.
Eurasianet reports two new studies say the massive Kumtor gold mine, controlled by Canada's Centerra's and the Kyrgyzs government, as a matter of routine ignores environmental legislation endangering species such as the snow leopard and is damaging Central Asia’s water supply.
WINNEMUCCA, NEVADA--(Marketwire - Jan. 31, 2012) - Paramount Gold and Silver Corp. (NYSE Amex:PZG)(TSX:PZG)(FRANKFURT:P6G)(WKN:A0HGKQ) ("Paramount") today reported new assay results from ongoing core drilling at its 100%-owned San Miguel Project in Mexico. The reported drill holes come from the high-grade gold and silver deposits of Don Ese North and La Union.
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 31, 2012) - Argus Metals Corp. (the "Company" or "Argus") (TSX VENTURE:AML) reports that the Guyana Geology and Mines Commission has granted and signed Argus' PL29/2011 licence. This licence allows for the exploration of uranium, gold and precious elements. PL29/2011 is west of, and contiguous with Argus' PL53/2009 licence, which also allows for the exploration of uranium, gold and precious elements. With PL29/2011 in place, Argus now holds the full 10 x 1 kilometre extent of the Kaituma uranium target and plans to execute a drill program on the project as soon as technically and financially feasible.