Monday, May 12, 2008 OVERLAND RESOURCES LIMITED
Overland Resources announced that it has successfully entered into subscription agreements to raise A$10
million through the issue of 20 million new shares at 50 cents per share. The shares were placed by KTM Capital Pty Ltd. This issue is subject to shareholder approval. The proceeds from the placement are considered adequate to enable the company to rapidly advance the Andrew zinc deposit in Canada through a full feasibility study towards production. (Complete Text of May 12, 2008 News Release) PDF
Monday, May 12, 2008 AXMIN INC.
AXMIN arranged a Can$6-million private placement, with AOG Holdings BV, consisting of of 15 million units at a price of 40 cents per unit. The net proceeds of the placement will be used for continuing development and exploration programs and for general corporate purposes. (Complete Text of May 12, 2008 News Release) PDF
Monday, May 12, 2008 CENTURY MINING CORPORATION
Century Mining announced appointment of Fortis as lead arranger and underwriter for a fully underwritten project loan facility of up to US$70 million to fund the Lamaque underground mine expansion project. Property: LAMAQUE (Complete Text of May 12, 2008 News Release) PDF
Monday, May 12, 2008 CENTERRA GOLD INC.
Centerra Gold reported that according to press reports today the Supreme Court of the Kyrgyz Republic has issued an order to the Government suspending certain of the Company’s agreements and licenses in relation to the Kumtor Project, pending resolution of claims currently before the lower courts. Property: KUMTOR (Complete Text of May 12, 2008 News Release) PDF
Monday, May 12, 2008 VENTURE MINERALS LIMITED
Venture Minerals reported favourable drill assay results from an additional 8 new diamond core holes and a surface sample trench at the Mount Lindsay Magnetite-Tin Project in North West Tasmania, Australia. Select highlights include 50 metres @ 36.1% Iron; 58 metres @ 29.9% Iron including 30 metres @ 42.9% Iron; 38 metres @ 38.3% Iron; 44 metres @ 29.6% Iron including 20 metres @ 38.0% Iron. The new drill holes all targeted the No.2 Zone which is the focus of the maiden resource statement due to be completed in June 2008. A total of 23 diamond core
holes have now been drilled by the company into the No.2 Zone, of which about 90% have intersected the magnetite-rich material within 170 metres of surface. Property: MOUNT LINDSAY (RENISON WEST) (Complete Text of May 12, 2008 News Release) PDF
Monday, May 12, 2008 RANGE RIVER GOLD LIMITED
Range River Gold signed a Memorandum of Understanding with the Northwest Mining and Geological Exploration Bureau for Nonferrous Metals (NWME) in relation to an exploration farm-in agreement on RNG’s Indee tenements, Western Australia, Australia. RNG and NWME are also in discussion with respect to opportunities for joint venture arrangements on other properties. The NWME will be undertaking due diligence on the Indee property and the other opportunities with formal joint venture negotiations planned to commence in June 2008. The NWME is based in Xi’an, China. The NWME has been a successful explorer and developer of gold, base metal and ferrous metals in China and in particular the Shaanxi Province. In the quarter ended Mar31/08, the Board decided to begin winding
down operations at the Indee Mine in anticipation of closure by June 2008. Property: INDEE (Complete Text of May 12, 2008 News Release) PDF
Monday, May 12, 2008 STERLING MINING CO
Sterling Mining intersected significant silver grades of 32.37 opt (1109.85 g/tonne), 19.40 opt (665.06 g/tonne) and 5.38 opt (184.55 g/tonne) from its ongoing underground exploration activities accessed from the 2700 ft level at the Sunshine Mine, Idaho, USA. Drilling continues to test exploration targets outside the previously reported reserve blocks. Based on these drill results that are proximate to a known reserve block, planning for additional exploration is now being finalized to further evaluate and expand the inferred resources of the Sunshine Mine. Property: SUNSHINE MINE (Complete Text of May 12, 2008 News Release) PDF
Monday, May 12, 2008
