Oracle Mining Signs Term Sheet With Credit Suisse AG for Up to US$70 Million

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Oracle Mining Corp. (TSX:OMN.TO - News)(OTCQX:OMCCF.PK - News)(PINKSHEETS:OMCCF.PK - News)(FRANKFURT:OMC) ("Oracle Mining" or the "Corporation") is pleased to announce that it has entered into a non-binding, indicative term sheet (the "Term Sheet") for project financing with Credit Suisse AG ("Credit Suisse") for a secured term loan of up to US$70 million (the "Loan Facility") in order to advance its Oracle Ridge Copper Mine re-start project in Arizona, USA.

Published: 12 March 2012
Written by Editor
TSX   Mining   Up on News   Financing   Interesting News  
Read more: Oracle Mining Corp ( OMN )

Yellowhead Mining Reports Completion of Feasibility Study; Confirms Robust Economics Over a 28 Year Project Life

Yellowhead Mining Inc. (TSXV: YMI.V - News), "YMI" or "the Company") reports the results of the independent Harper Creek Feasibility Study ("FS").

Highlights

  • The project estimated pre-tax NPV8 is $749.7 million with an IRR of 20.2% for a 28 year project life at a milling rate of 70,000 tpd (25.55Mt/y), based on long-term metal price projections of US$2.50/lb Cu, US$1,250/oz Au and US$20/oz Ag, and a US$:Cdn$ exchange rate of 0.86:1.Capital costs are estimated at $838.95 million 1 +/- 15% in Q4 2011 dollars , including contingency of 10% or $76.4 million .
    Published: 02 March 2012
    Written by Editor
    TSX Venture   Mining   Project Updates   Up on News   Interesting News  
    Read more: Yellowhead Mining Inc ( YMI )

Talon Metals Reports the outstanding results from 2011 drilling campaign at the Trairão Iron Project, Brazil

Encouraging Intersections from Initial Diamond Drilling of Fresh BIF

Talon Metals Corp.("Talon" or the "Company") (TSX: TLO ) is pleased to announce the results of all the outstanding drill holes for the 2011 drilling campaign at its 100% owned Trairão Iron Project, located in Pará State, Brazil. These results include 88 diamond drill holes drilled on Target Areas 1,2 and 3 on the main Trairão ridge, as well as 129 infill Reverse Circulation ("RC") drill holes on the same areas. In addition, results from the 75 initial prospecting RC drill holes on the lower priority Target Areas 7, 9, 10, 11, 12 and 13 are also reported. The results for the diamond drilling drill holes on Target Areas 1, 2 and 3 are appended to this news release. The results of the RC drill holes may be viewed on the Company's website at: http://talonmetals.com/_resources/Trairao_RC_Drill_Intersections_Other_Areas_Feb_2012_v2.pdf

Published: 17 February 2012
Written by Editor
TSX   Mining   Drill Results   Up on News   Interesting News  
Read more: Talon Metals Corp ( TLO )

Cayden Resources Intersects 15.2 meters of 188 g/t Silver, 5.3% Zinc and 4.7% Lead at its Quartz Mountain Project

Cayden Resources Inc. (TSX.V: CYD) (“Cayden” or the “Company”) is pleased to announce it has received assay results from its reverse circulation drilling completed at the Quartz Mountain property near Fallon, Nevada, USA where Cayden has been targeting an area of historic silver-lead-zinc production.  The 16 holes assayed to date, drill tested over 350 meters of strike length of the Quartz Mountain mineralized system with the majority encountering greater than 30 g/t Ag and in excess of 1% combined Pb and Zn.  Highlights include:

Tigray Drills 40.5 Metres of 3.24% Copper, 1.2 g/t Gold, 25 g/t Silver and 1.19% Zinc at the Harvest Project in Ethiopia

Tigray Resources Inc. (TSX VENTURE:TIG) ("Tigray" or the "Company") is pleased to report diamond drill results for four holes at the Terakimti copper-gold prospect on the Company's 70%-owned Harvest project in northern Ethiopia.
Highlights
    Continuity of near-surface mineralization in the southern gossan area
    Confirmation of distinctive gold-rich and supergene copper mineralization
Highlight Drill Results
    Hole TD014 - 40.5 metres of 3.24% copper, 1.19 g/t gold, 25 g/t silver and 1.19% zinc from 53.95 metres down hole, including 23.05 metres of 5.17% copper, 1.59 g/t gold, 39 g/t silver and 2.01% zinc from 57.45 metres

Published: 06 February 2012
Written by Editor
TSX Venture   Mining   Drill Results   Up on News   Interesting News  
Read more: Tigray Resources Inc ( TIG )
  1. Western Troy Capital Resources ( WRY )
  2. New Millennium Iron Corp ( NML )
  3. Duluth Metals Limited ( DM )
  4. Ivanhoe Australia Limited ( IVA )
  5. Tajiri Resources Corp ( TAJ )