FEATURED NEWS RELEASE - Lincoln Mining Acquiring Oro Cruz Gold Deposit, California InfoMine Editor, 8 hours ago Lincoln Mining Corporation, TSX-V: LMG (“Lincoln” or the “Company”) is pleased to announce that its 100% owned U.S. subsidiary, Lincoln Gold US Corp., has executed in principle a Letter Agreement with ADGIS, Inc. to acquire 20 lode mineralization claims that cover the Oro Cruz gold deposit in Imperial County, California (“the Property”). The Company has staked an additional 68 contiguous lode claims covering a total of approximately 1,800 acres. The proposed Letter Agreement involves advance royalty payments beginning at US$50,000 per year, upon signing of a formal agreement, and gradually increasing to $200,000 US per year in the 7th year. Click here to read more about Lincoln Mining Acquiring Oro Cruz Gold Deposit, California.
Friday, November 20, 2009 MIRABELA NICKEL LIMITED
Mirabela Nickel announced that the commissioning of the Santa Rita processing plant has progressed to expectations with only minor rectification issues identified to date. All mechanical and electrical components have run to the current installed nameplate capacity of 4.6 million tonnes per annum. Property: SANTA RITA-BRAZIL (Complete Text - News Release) PDF
Friday, November 20, 2009 HAWTHORNE GOLD CORP.
Hawthorne Gold announced it has arranged a nonbrokered private placement of up to 2,439,024 flow-through shares at a price of $0.41 per Flow-Through Share for gross proceeds of up to $1,000,000. (Complete Text - News Release) PDF
Friday, November 20, 2009 THEMAC RESOURCES GROUP LIMITED
THEMAC Resources Group announced that it has agreed to the settlement of a debt of $40,000 in consulting and management fees due to a company controlled by a director of the company, by issuing 533,333 common shares of the company at a price of $0.075 per common shares. (Complete Text - News Release) PDF
Friday, November 20, 2009 INDICO RESOURCES LIMITED
Indico Resources announced that on November 12, 2009 the company issued 3,000,000 units at a price of $0.15 for gross
proceeds of $450,000.00. Each unit consisted of one common share and one-half share purchase warrant. (Complete Text - News Release) PDF
Friday, November 20, 2009
