Velocity Minerals Ltd. declared that it has received a NI 43-101 compliant Mineral Resource Estimate Report dated May 28, 2009 for the Company’s Mt. Haskin molybdenum deposit. For full story, click here
Creston Moly (CVE:CMS) annouced today that the company has entered into a Letter Agreement to merge with Tenajon Resources (CVE:TJS). Creston Moly will acquire the shares of Tenajon by issuing 0.84 Creston shares for each Tenajon share.
Tenajon Resources Corporation declared that a resource estimate has been completed on its Moly Brook Zone. The zone, one of three identified on the company’s 100% owned Moly Brook Property, is located 2 kilometers north of the village of Grey River on the south coast of Newfoundland and less than 4 kilometers from a deep [...]
MAX Resource (CVE:MXR) reported today significant moly grades at their Ravin property in Nevada. MXR reported up to 1.397% molybdenum over 1.2 feet and 18.3 feet of 0.2133% moly at only 156 feet depth.
Adanac Molybdenum Corp. announced that it has updated its mineral resource estimate for its Ruby Creek molybdenum deposit located in northern British Columbia, Canada. Christopher C. Kirby, president and chief executive officer, said: This new resource estimate represents an increase of 38% of contained molybdenum in the measured and indicated classification over the prior estimate [...]
Molybdenum suppliers including Erdene Resource Development Corp. has planned to cut output dramatically this year in an effort to push moly prices up. For full story, click here
Avanti Mining Inc. declared an updated Mineral Resource Statement for its 100% owned Kitsault molybdenum deposit located in British Columbia, Canada. Craig J. Nelsen, President and CEO, stated: This new resource statement resulted in an increase of 24% of contained Molybdenum in the Measured and Indicated classification over our previous resource model. For full story, [...]
The Erdene Resource Development Corporation reported that it had been producing 20 million pounds of molybdenum annually, but will slash production to five or six million pounds. Chief Executive Peter Akerley said: We would be looking at somebody who would help with investing in the project through supply agreements. For full story, click here
Velocity Minerals Ltd., a company dedicated to the acquisition and development of advanced or high grade molybdenum mineral properties. Velocity presently owns the mineral rights to two molybdenum projects in northern British Columbia (Mt. Haskin and Cassiar Moly) and is actively pursuing other properties in North America and internationally.
TSX Venture exchange listed mining junior, Columbia Yukon Explorations jumped 28% in trading after the company released an updated 43-101 compliant resource estimate for the Storie Property molybdenum deposit in British Columbia. For full story, click here
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