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September
25th, 2009
Piedmont
Mining Company, Inc. - (OTCBB:PIED)
Piedmont
Mining Granted Interest In Second Oil Well
Reno, NV – September 25, 2009 -
Piedmont Mining Company, Inc. (OTC BB: PIED) today announced that it
has been granted a 6% interest in a second oil well in Tennessee. This
well will also be producing light, sweet crude oil without water
problems or sulfur. These wells will be providing the Company
with its first revenue since 1992.
Management is working to secure additional interests in oil and gas
wells to establish alternative sources of cash flow to fund its gold
and silver exploration activities, thereby reducing the need to sell
common stock.
(Read
more)
Click
here to visit Piedmont Mining Company's Corporate website
September
17th, 2009
San
Gold
Corporation - (TSX.V:SGR)
San
Gold options 50% of Strike Point from StrikePoint
San Gold Corp. and StrikePoint Gold
Inc. have entered into a
letter agreement setting forth the terms and conditions of a
transaction whereby San Gold can earn a 50-per-cent undivided interest
in the Strike Point property that lies adjacent and to the north and
northwest of San Gold's mining lease that contains the Rice Lake mine,
the Cartwright deposit and the high-grade-gold Hinge mine and Cohiba
zone. Pursuant to the letter agreement, the parties have agreed to
negotiate a subsequent definitive option agreement.
(Read
more)
September
16th, 2009
Lomiko
Metals Inc .
- (TSX.V:LMR, OTCBB:LMRMF)
Lomiko Advances Chile Lithium Salar Brine
Project to Exploration Stage
VANCOUVER,
BRITISH COLUMBIA--(Marketwire - 09/16/09) - Lomiko Metals Inc.
(TSX-V:LMR - News)(PINK SHEETS:LMRMF - News) ("Lomiko" or the
"Company") has received the gazette publication and final award for the
Karolina 1-8 claims at the Salar de Aguas Caliente. Further details
regarding the project are available at www.lomiko.com.
(Read
more)
Aug
25th, 2009
San Gold
Corporation - (TSX.V:SGR)
Rice Lake Mine
Deep Drilling Yields Multiple Significant High Grade Gold Zones
Dale Ginn, CEO of San Gold Corporation (SGR:
TSX-V) is pleased to report that
ongoing definition and exploration drilling continues to confirm and
explore numerous targets within the Rice Lake mine including a new
extension of the high grade “98” vein and new discoveries above the
26th level. Drill hole #28-09-15 cut 44 g/tonne (1.3 oz/ton) over 5.9
meters (19 ft) extending the 98 vein extensively to the west at the
newly developed 28th level. This intersection included two high grade
segments grading 130 g/tonne (3.8 oz/ton) over 1.0 m and 77 g/tonne
(2.3 oz/ton) over 1.6 m containing coarse visible gold. Hole #26-09-34
discovered multiple new zones in undeveloped and unexplored areas above
the 26th level. Drilling began to extend and define the undeveloped
Deep East zones, while the main zones – 96, A and C, continued to
display excellent continuity, grades and width to depth.
(Read
more) |