June 24th

MetalCORP Discovers Second High Grade Molybdenum (Mo)-Rhenium (Re) Zone in a Porphyry Rock Unit at Depth; Playter Mo-Re Quartz Vein Also Intersected

MetalCORP Limited (TSX VENTURE: MTC) is pleased to announce the discovery of a new, second zone of Molybdenum (Mo) - Rhenium (Re) in a porphyry rock unit at depth. From drill hole 113, the new zone yielded a high grade section of 0.10% Mo, 0.9 g/t Re and 1.0 g/t Silver (Ag) over 11.9 metres (m). This was followed by a barren sheared rock unit (chlorite schist) over 3.5m and then the Playter quartz vein was intersected and assayed 0.09% Mo, 0.8 g/t Re and 2.1 g/t Ag over 10.6m. The entire intersection from 763.6m to 789.6m yielded a high grade of 0.08% Mo, 0.7 g/t Re and 1.3 g/t Ag over a significant width of 26.0m. This hole tested the Mo-Re zones at the deepest point to date of 650m vertical. The true width is approximately 75% of quoted core intersection.
Read more: MetalCORP Limited ( MTC )
June 24th

Waratah Announces Galilee Basin Total of Inferred Resources Now 4.355 Billion Tonnes

Waratah Coal Inc (TSX VENTURE:WCI) is pleased to announce that as a result of recent drilling it has increased its South Alpha (EPC 1040 and EPC 1079) Inferred Resource to 3.380 Billion tonnes. At Alpha North (EPC 1053 and EPC 1039) Waratah Coal has already identified Inferred Resources of 0.975 Billion tonnes. This brings Waratah\'s total of Inferred Resources to 4.355 Billion tonnes.
Read more: Waratah Coal Inc ( WCI )
June 24th

Keegan Continues to Hit Excellent Gold Grades on Stepout Holes at Esaase

Keegan Resources Inc. (\"Keegan\") (TSX VENTURE: KGN)(AMEX: KGN) is pleased to announce results from step out drilling at the Esaase property. Highlights include 32 meters of 1.67 g/t Au in the B-1 zone, 25 meters of 1.51 g/t Au in the north extension, and 38 meters of 1.68 g/t Au in the south extension. While stepping out to the far north to test the possible extent of the main zone Keegan hit its first significant intercept, located 1.5 km north of the existing 43-101 resource. Hole 356 contained 11 meters of 1.46 g/t Au; mineralization is open along the full distance between this intercept and the resource zone. Please see www.keeganresources.com for a drill hole location map.
Read more: Keegan Resources Inc ( KGN )
June 24th

Crystallex and Ministry of Environment Begin Discussions; National Assembly Committee Supports Las Cristinas

CRYSTALLEX INTERNATIONAL CORPORATION (TSX: KRY)(AMEX: KRY) wishes to advise that on June 18, 2008, Crystallex was invited to a meeting by representatives of the Ministry of the Environment (\"MinAmb\"), led by Vice Minister of Environmental Planning and Administration, Ing. Merly Garcia. At this meeting, Crystallex was informed that MinAmb was instructed by the Government to reconsider issuance of the Las Cristinas Environmental Permit to Affect Natural Resources (the \"Permit\") by discussing with Crystallex possible modifications of the Las Cristinas project, which could enable the Permit to be issued. The modifications suggested by the MinAmb representatives fall within three main categories: (i) further optimising the social projects in the area, (ii) mitigating the impact of open vein deposit mining in the currently affected areas of the Imataca, and (iii) improving the remediation plans at the end of the mine life as well as to remediate the existing environmental damage caused by the illegal miners who have worked in the area. The MinAmb representatives stressed the importance of expediting the submission of details relating to the suggested request for modifications in order to enable prompt resolution of the Permit.
Read more: Crystallex International Corporation ( KRY )
June 24th

Western Copper Announces Positive Results of Pre-Feasibility Study on Casino Copper-Gold-Molybdenum Project

Pre-feasibility study projects 30 year mine life with 20.4% pre-tax IRR, $7.5 billion undiscounted NPV and 3.8 year payback period.

SUMMARY

Western Copper Corporation (\"Western Copper\" or the \"Company\") (TSX: WRN) announces that its wholly-owned Casino copper-gold-molybdenum deposit in central Yukon Territory can be developed economically as an open pit mine. The independent pre-feasibility study, prepared by M3 Engineering & Technology Corporation of Tucson, Arizona (\"M3\"), estimates an initial capital cost of $2.1 billion. The project will produce 3.6 billion pounds of copper, 320 million pounds of molybdenum and 5.1 million ounces of gold over a 30 year mine life.

The financial highlights are shown in Table 1 and are based on London Metal Exchange (\"LME\") three-year historical rolling average metal prices. (All amounts are in Canadian dollars unless otherwise stated).
Read more: Western Copper Corporation ( WRN )