Avanti Mining Inc.(TSXV:AVT) announced the latest updates to the Kitsault project mineral resource statement. The new resource shows minor changes in tonnage, grade and contained metal since the 2010 mineral resource. The Company is now focused on developing the Kitsault mine.
Moly Mines Limited (TSX:MOL,ASX:MOL) announced a summary of its quarterly cash flow and company activities.
Burnstone Ventures Inc. (TSXV:BVE) announced assay results from drilling at the Colorado-based Tomichi copper-moly project.
Strait Gold (TSXV:SRD) announced an update to work at its Peru-based Caribe copper-molybdenum project.
Stratton Resources Inc. (TSXV:SI) announced it has prepared a resource estimate on the British Columbia-based MAC molybdenum property.
Duran Ventures Inc. (TSXV:DRV) announced it has filed a technical report on the Peru-based Aguila copper-moly property.
Avanti Mining Inc. (TSXV:AVT) entered into a mandate letter with five lenders for up to $640 million of project financing to develop the Kitsault molybdenum mine: UniCredit Bank AG, KfW IPEX-Bank GmbH, Export Development Canada, Korea Development Bank, and Caterpillar Financial.
Full Metal Minerals Ltd. (TSXV:FMM) announced that the company and Antofagasta Minerals are planning a drill program at the Alaska-based Pyramid property.
Avanti Mining Inc (TSXV:AVT) announced the appointment of Mark G.Premo as Chief Operating Ofiicer of Avanti Kitsault Mine Ltd. Mr.Premo is expected to assume his new role min June, 2012.
Avanti Mining Inc.(TSXV:AVT) announced that it will extend the term of $5million bridge loan with Resource Capital Fund IV L.P. The Company entered into a term sheet with Resource Capital to extend the December 2011 loan.
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