Silver Wheaton Acquiring Mercator’s Silver Production VANCOUVER – Silver Wheaton Corp. has agreed to purchase all of the silver produced by Mercator Minerals Ltd. at its copper-molybdenum-silver Mineral Park Mine in Arizona.  Upon the successful close of the transaction, Silver…

Gryphon to Report New Resource Calculation VANCOUVER, BC – Gryphon Gold Corporation reported its updated CIM compliant, NI 43-101 gold resource report for the Borealis property by the end of April 2008.It is anticipated these results will considerably improve the…

HudBay Updates Drill Results for Lalor Lake WINNIPEG, MB – HudBay Minerals Inc. reported drill results from additional holes at its Lalor Lake zinc exploration project near Snow Lake, Manitoba in the Flin Flon Greenstone Belt. The results indicate encouraging…

Majuba Drilling and Field Program Underway VANCOUVER, BC – Minterra Resource Corp. reported that a 4,500 foot reverse-circulation drill program is underway at the Majuba Hill Project. This is a focused drill program designed to explore the Line Drive and…

Nevada Continues To Be Nation’s Top Gold Producer CARSON CITY, NV – Nevada’s mining industry set an all-time record in 2007 for total value of mined commodities. The total value was about $5.4 billion, according to reports compiled by the…

Newmont Has Strong First Quarter Results DENVER, CO – In the first quarter of 2008, Newmont Mining reported equity gold sales of 1.29 million ounces at costs applicable to sales of $396 per ounce in the first quarter. Equity gold…

Reserves Increased At Jerritt Canyon Mine VANCOUVER – Yukon-Nevada Gold Corp. reported that proven and probable reserves at its 100% owned Jerritt Canyon operating gold mine in Elko County, Nevada, estimated at year-end 2007, have increased to 717,300 ounces of…

Ni-Cu-PGE mineralization discovered on PFN’s Tonsina Property VANCOUVER, BC – Pacific North West Capital Corp. reported the results from the 2007 exploration program conducted at its 100% controlled Tonsina Property located in Southcentral Alaska. Outcrop sampling and mapping completed in…

Barrick Completes Acquisition of Cortez Property TORONTO, ON – Barrick Gold Corporation reported that it has completed its acquisition of the additional 40% interest in the Cortez property from Kennecott Explorations (Australia) Ltd., a subsidiary of Rio Tinto plc, for…

Option Agreement to Sell Its Timmins Nickel Project TORONTO, ON – Pele Mountain Resources Inc. and Fletcher Nickel Inc. reported that they have entered into an option agreement pursuant to which Fletcher may acquire 100-percent of Pele’s Timmins Nickel Project,…