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Latest Financial News
Geodex Minerals
Geodex Appoints Two New Directors To Its Board and Provides Sisson Brook Progress Update
Geodex Minerals Ltd. (‘the Company’) is pleased to announce the addition of two new directors to its board. Mr. David M. Buckle and Mr. Neil S. Seldon will strengthen the board with their areas of expertise in corporate finance and sales negotiations which will be essential as the Company develops the bulk-tonnage Sisson Brook tungstenmolybdenum-copper deposit towards production.
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Network Exploration Ltd.
Network Phase I Drill Results
Vancouver, British Columbia: Network Exploration Ltd. (the "Company") (TSX.V: NET) has now received assays for the last five holes of the nine hole (1344 meter) drill program at the Caldera project in Chile. Nine holes were drilled to test portions of a large intrusive with structural, geochemical or geophysical anomalies. For the most part, alteration and sulphide (primarily pyrite) content indicates that a large porphyry system exists and further drilling is required to prove this. It is believed that the recent drill results are from above the copper-gold enriched part of the system.
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Formation Capital Corporation
Detailed Design and Procurement of Idaho Cobalt Project Mine & Concentrator 65% Complete
Vancouver, B.C., May 01, 2008 Formation Capital Corporation (FCO-TSX) has been provided an update by its wholly owned subsidiary, Formation Capital Corporation, U.S. ("the Company") regarding the Engineering and Procurement status of its 100% owned Idaho Cobalt Project (ICP) located near Salmon, ID.
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Coral Gold Resources Ltd.
Grant of Stock Options
Coral Gold Resources Ltd. (the "Company") announces that it has granted incentive stock options for the purchase of up to 35,000 common shares at a price of $1.00 per share to certain employees of the Company. The incentive stock options are exercisable on or before May 1, 2013. This grant is made pursuant to the Company's stock option plan.
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Coral Gold Resources Ltd.
Coral Gold Preparing for 2008 Resource Expansion Drilling
Coral Gold Resources Ltd. ("Coral" or the "Company") announces that it is continuing to reevaluate all past Robertson exploration data and apply some new insights into gold controls in the Cortez Gold Trend, preparing for the 2008 resource expansion drilling.
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Avino Silver & Gold Mines Ltd.
Avino's San Gonzalo Vein Yields 93% Silver Recovery By Bulk Floatation
Avino Silver & Gold Mines Ltd. ("Avino" or the "Company") is pleased to report that preliminary metallurgical testing on a composite sample of San Gonzalo ore has been completed at SGS Minerals Services ("SGS"), Durango, Mexico. The results indicate the silver and gold minerals will respond favourably to flotation with gold recoveries of 89 to 90% and silver recoveries of 92 to 93%.
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Avino Silver & Gold Mines Ltd.
Avino Silver & Gold Mines to be Featured on the Biography Channel
Apr 10 2008: CEO Clips, a series of two minute corporate profiles on Canadian companies, will feature Avino Silver & Gold Mines on The Biography Channel beginning April 14 through May. 5th throughout the day and evenings. It can also be viewed online via this link: www.ceoclips.com/media/avino.asx. In addition it will be posted on Yahoo Finance Canada, stockhouse.ca and MSN Finance as well as our website www.avino.com and www.ceoclips.com.
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Selkirk Metals
Selkirk Metals: Memorandum of Understanding Initiates 2008 Exploration of the Catface Copper Project
April 9, 2008 - Vancouver, British Columbia – Selkirk Metals Corp. (“Selkirk” or the “Company”) is pleased to announce that through its 97.4% owned subsidiary, Catface Copper Mines Limited, it has entered into a Memorandum of Understanding with the Ahousaht First Nation concerning the Catface Porphyry Copper Project (the “Property”). This agreement represents an important event for the Company as it now allows for further exploration of this important undeveloped copper deposit. This project adds another advanced stage strategic asset to the active development portfolio of the Company and provides exposure to another important commodity. Selkirk is now in the final process of preparing for an initial diamond drilling program that will commence as soon as possible.
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Formation Capital Corporation
Formation Capital Receives Annexation Approval for Staging Property
Vancouver, B.C., April 02, 2008 Formation Capital Corporation (FCO-TSX), has been informed by its wholly owned subsidiary, Formation Capital Corporation, U.S. ("the Company") located in Salmon, Idaho, that the Salmon City Council has given its official final approval to the annexation of property that will be used as a personnel and materials transfer site by the Company for its Idaho Cobalt Project. The annexation allows the Company to use Salmon City services such as water and sewer, thus precluding the need for water well and septic permits.
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Network Amends Term of Stock Options
Vancouver, British Columbia: Network Exploration Ltd. (the "Company") (TSX.V: NET) is pleased to announce that it has received TSX Venture Exchange approval for the amendment of the expiry date of incentive stock options granted March 21, 2007.
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Network Exploration Ltd.
Network Amends Term of Stock Options
Vancouver, British Columbia: Network Exploration Ltd. (the "Company") (TSX.V: NET) is pleased to announce that it has received TSX Venture Exchange approval for the amendment of the expiry date of incentive stock options granted March 21, 2007.
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Red Hill Energy
Ni 43-101 Report and Assays Completed on the Chandgana Khavtgai Project Confirms Large, High Quality Thermal Coal Discovery in Mongolia
Vancouver, British Columbia, March 26, 2008: Red Hill Energy (TSX-V symbol RH) reported today that further to the December 21, 2007, news release, a National Instrument 43-101 report and assay results have been received by the company on its very significant Chandgana Khavtgai coal project. All three of Red Hill Energy’s coal resources are now National Instrument 43-101 compliant as to tonnage and quality.
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Geodex Minerals
Geodex Reports Further Drill Assays From the Molybdenum-Rich East Flank Zone at Sisson Brook, New Brunswick. Senior Project Engineer Hired to Coordinate Project Development
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 25, 2008) - Geodex Minerals Ltd. ('the Company') (TSX VENTURE:GXM)(FRANKFURT:G2W) is pleased to report assay results from four more holes (SB-07-61, 64, 66 and 67) in the newly-discovered East Flank zone at Sisson Brook. This new zone was located during the 2007 drill program and lies at the eastern margin of Zone III which was the subject of resource estimates released in News Releases of March 28, 2007 and October 17, 2007. The discovery hole in this zone, SB-07-53, featured an impressive 85.5 m interval of 0.305% Mo and 0.80% WO3. Neither this hole nor subsequent releases of East Flank holes (see News Release of January 10th, 2008) were included in the Sisson Brook 'Preliminary Economic Assessment' which was filed on SEDAR and summarized in a News Release of November 16, 2007.
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International Enexco
International Enexco Extends Oxide Copper with Phase 1 Drilling at Contact Copper-Silver Project, Expands Land Holdings, Adds Second Drill Rig to Expedite Planned Pre-Feasibility Study
Vancouver, B.C. - International Enexco Ltd. (TSX-V, IEC) (“Enexco” or the “Company”)Mr. Arnold Armstrong, President and CEO of International Enexco reports that results of Phase 1 infill drilling at the Company’s 100%-owned Contact Copper-Silver Project in northeastern Nevada, USA, indicate broader zones of oxide copper mineralization than originally anticipated. The successful Phase 1 infill drill results suggest that an increase in net pounds of copper at Contact is likely, and that a substantial part of the resource, from surface to a depth of 250 meters, is in the form of oxide copper. Dr. William Willoughby, Manager of Engineering for the Project states “these results lend further support to focusing the Pre-Feasibility Study on the Project as an open-pit, heap-leach operation.”
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Network Exploration Drills 36 Meters of 0.52% Copper
Vancouver, British Columbia: Network Exploration Ltd. (the "Company") (TSX.V: NET) is pleased to announce the results of the first four drill holes on the Caldera Project located in Chile.
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