Cream Minerals Limited (CVE:CMA, CRMXF-OTCBB, DFL-Frankfurt) is a precious metals exploration company with a portfolio of five solely-owned highly prospective properties, four in Canada and one in Mexico. A 10,000 metre drill program was initiated at the Company’s flagship property, the Nuevo Milenio Silver-Gold Project, Nayarit State, Mexico in early February 2011. In December 2010 Cream announced the closing of a $6,000,00.00 bought deal. Cream is well financed with 5.45 million in working capital and no debt.
Copper Fox Metals Inc (TSX-V: CUU) intends to privately raise C$2,000,000 in funds in a bid to to complete the feasibility Study of the Schaft Creek deposit. The Offering is expected to consist of 23,188,406 units at a purchase price of $0.08625 per unit, for aggregate gross proceeds of $2,000,000. Each unit consists of one [...]
Mining Weekly declared that Exploration Company Hana Mining has agreed to purchase an initial, indirect 70% interest in 5 prospecting licences in Botswana, comprising the Ghanzi copper and silver project. For full story, click here
West Timmins Mining Inc. declared that it has completed the purchase of the high-grade LLuvia de Oro Gold-Silver Project located in Chihuahua, Mexico and now owns a 100% undivided interest in the Project. For full story, click here
Endeavour Silver Corp. declared that it continues to extend high grade silver-gold ore in the new Lucero Vein discovery at the Bolanitos silver-gold mine, part of the Company’s Guanajuato Mines Project in Guanajuato State, Mexico. For full story, click here
Silver Fields Resources Inc declared that the Company has received notification from the Saskatchewan Ministry of Environment that the project proposal for the Company’s exploration program on the Wapawekka Lake Project located near Lac La Ronge, has been approved. For full story, click here
BHP Billiton Nickel West and Mithril Resources Ltd have withdrawn from the Silver Swan North nickel and gold joint venture, with full ownership of the project reverting to FerrAus Ltd. For full story, click here
A new management team for Oremex Resources meant a 50 million ounces silver deposit that has been languishing due to relationship issues with the local people appears to be finally moving closer towards output. For full story, click here
Southern Energy Company, Inc., a publicly traded resource exploration company, declared provide the following corporate update with respect to its various projects and properties. For full story, click here
Bold Ventures Inc. and Gary F. Zak reports, that the Company declared that it has commenced the exploration program on the recently announced Causas Gold and Silver Project located in the San Dimas District. For full story, click here
Wednesday, February 24, 2010