function NewsHomeContent(){ return '

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\nGOLDREA RESOURCES CORP.
\n Thursday, August 28, 2008
\nGoldrea Resources announced an updated NI 43-101 Mineral Resource estimate and the commencement of production and lateral access at the Golden Rose Mine located in China. 3,150 tonnes of material has been stock piled. This work will continue until 20,000 tonnes has been made available for the first batch of ore to be run through the Daye Mill. The Indicated resource is estimated at 2.67 million tonnes at a grade of 2.03 g/t gold. An Internal Rate of Return of 25.5% for $750 gold was calculated based on an expenditure to date of US$5.172 Million. A Net Present Value for the exploitation of the deposit was calculated at US$3.792 Million. An Internal Rate of Return is 35.6% for $800 gold, and 50.2% for $900 gold. The NPV at $800 gold is calculated to be $6.77 Million and for $900 gold is calculated to be $12.73 Million.\n
Property: DAYE
(Complete Text of Aug 28, 2008 News Release)
\nSILVER STANDARD RESOURCES INC.
\n Monday, August 25, 2008
\nSilver Standard Resources reported a further increase in silver and base metal resources at the Pitarrilla project in Durango State, Mexico. The increase stems from a review of the resource model, as part of the reserve estimation for the pre-feasibility study currently underway for Pitarrilla, which determined that the silver-equivalent cutoff may have understated silver and base metal resources.
Property: PITARRILLA
(Complete Text of Aug 25, 2008 News Release)
\nESPERANZA SILVER CORPORATION and SILVER STANDARD RESOURCES INC.
\n Monday, August 25, 2008
\nEsperanza Silver announced results from ongoing exploration at the San Luis gold/silver and base-metal project in Peru provided by joint-venture partner and project operator Silver Standard Resources.
Property: SAN LUIS PROJECT
(August 25, 2008)
\nHOCHSCHILD MINING PLC and INTERNATIONAL MINERALS CORPORATION
\n Monday, August 25, 2008
\nInternational Minerals announced a more than 80% increase in mineral reserves for the Pallancata silver-gold mine in southern Peru over reserves estimated in March 2008. Reported at a cut-off grade of 148 g/t AgEQ which reflects a marginal economic cut-off value of US$44 per tonne using metal prices of US$10.50 per ounce of silver and US$600 per ounce of gold, proven and probable reserve now comprise 5.9 Mt at an average grade of 330 g/t Ag and 1.2 g/t Au, containing a total of 62.3 million ounces of silver and 232,000 ounces of gold. In addition, a further 10.1 million ounces of silver and 34,000 ounces of gold are contained in inferred resources of 852,000 tonnes at an average grade of 369 g/t silver and 1.2 g/t gold. Pallancata is jointly owned by International Minerals (40% interest) and Hochschild Mining plc (60% interest and operatorship).
Property: PALLANCATA
(Complete Text of Aug 25, 2008 News Release)
\nTIREX RESOURCES LTD.
\n Friday, August 22, 2008
\nTirex Resources announce that recent fieldwork has led to the discovery of a large new area of highly prospective territory within the Mirdita Copper-Zinc-Gold-Silver VMS Project in Albania. The new area was hidden from previous exploration programs by a limestone cap that covers the area. Tirex discovered this new area through the use of modern deep penetrating geophysics, geochemistry, and mapping with modern geological concepts. This discovery more than doubles the prospective VMS exploration target area within this key part of the property. To date this work has defined four Noranda-type Volcanogenic Massive Sulphide (“VMS”) exploration trends over an area 11km long by 6 km wide (6.8 miles long by 3.7 miles wide).
Property: MIRDITA CONCESSION
(Complete Text of Aug 22, 2008 News Release)
\nSEVERSTAL
\n Friday, August 22, 2008
\nRussian steel and industrial conglomerate OAO Severstal (LSE:SVS) plans to acquire a US$1.3-billion Pennsylvania coal business through a transaction that involves the purchase of a Canadian-listed company that will merge with the U.S. miner.
(See Canadian Press: Russia\'s Severstal Resources to buy PBS Coals in a US$1.3 billion Canadian deal \n)\n\n
(August 22, 2008)
\nNAUTILUS MINERALS INC.
\n Thursday, August 21, 2008
\nGazmetall Holding (Cyprus) Ltd, a Russian investment firm, says it has bought a 22-per-cent stake in Nautilus Minerals (TSX:NUS), a Vancouver-based ocean-floor mining exploration firm.(See Canadian Press: Gazmetall Holding buys 22 per cent of Nautilus Minerals .
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(August 21, 2008)
\nEMPIRE MINING CORPORATION
\n Tuesday, August 19, 2008
\nEmpire Mining Corp. (TSXV:EPC), a junior Vancouver miner, says the Serbian government has awarded the company an exploration licence for the 62-square-kilometre Nevlje property located in southeast Serbia, reports the Canadian Press. The project is across the border from Teck Cominco\'s and Euromax\'s Trun gold project in Bulgaria where drilling is ongoing, Empire said Tuesday. Empire says past exploration has identified potential copper deposits on the property. The company said it has already begun detailed field work on the licence, including mapping, soil geochemistry and geophysics, to develop targets for a possible future drilling. Empire Mining operates mainly in southeast Europe and Turkey.
(August 19, 2008)
\nFIRST MAJESTIC SILVER CORP.
\n Friday, August 15, 2008
\nFirst Majestic Silver announced the unaudited financial results for the company\'s second quarter ending June 30, 2008.
Property: LA ENCANTADA (DESMIN), LA PARRILLA SILVER MINE and SAN MARTIN MINE (MEXICO)
(Complete Text of Aug 15, 2008 News Release)
\nNORTEC VENTURES CORP.
\n Friday, August 15, 2008
\nNortec Ventures closed a private placement of Can$1.89 million equity financing. A total of seven million units were placed at a price of 27 cents per unit. Each unit consists of one common share of the company and one-half of one transferable common share purchase warrant. Each whole warrant will be exercisable to acquire one additional share for a period of 18 months from the closing of the offering at an exercise price of 45 cents. The net proceeds from the offering will be used to continue the company\'s planned 10,000-metre drill program on its Kaukua platinum-palladium-gold-nickel-copper project in northeastern Finland, continued exploration on the Kingurutik River and TL nickel-copper-cobalt projects in Labrador, and for general working capital purposes.
Property: KAUKUA and TL
(Complete Text of Aug 15, 2008 News Release)

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