mineral exploration project – commodity prices – mining stock- trade and market

Zoro Mining Corp. announces that it has effective December 2, 2009, completed the acquisition of a 100% legal and beneficial interest in and to approximately twelve property mineral exploration concessions covering nearly 2,900 hectares in a dry lake bed with inflow waters and subsurface brines known as the Piedra Parada Salar Project, and eight property mineral exploration concessions covering nearly 2,300 hectares targeting precious metals known as the Fritis Project, both located in Chile’s Atacama Region III.

Kinross Gold Corporation is planning to acquire mining assets in North and South America, Russia and Ghana to stay out of countries such as China, which is currently the world’s top gold producer. Toronto-based Kinross will continue to build on its operations spread throughout the Americas, and around its Kupol mine in eastern Russia. Kinross sees higher political risk at Venezuela, China, Indonesia and PNG (Papua New Guinea).

Seabridge Gold reports that it has entered into a non-binding Letter of Intent to sell all of its interests in certain Nevada exploration properties, including Seabridge’s Castle-Black Rock Project, to Constitution Mining Corp. for consideration exceeding US$7 million consisting of: (i) staged payments of US$3.0 million in cash; (ii) a US$1.0 million convertible debenture;

A federal appeals court has temporarily blocked construction of a massive gold mine project in northeast Nevada that critics say would harm the environment and ruin a mountain several tribes consider sacred.

A three-judge panel of the 9th U.S. Circuit Court of Appeals reversed part of an earlier decision denying a preliminary injunction sought by conservationists and tribal leaders.

Jinshan Gold Mines Inc. announces that it has agreed to a loan facility in the amount of US$40 million from China National Gold Group Corporation, its largest shareholder. The loan is non-revolving, will bear interest at a rate of 6% per annum, and is unsecured, with accrued interest payable quarterly. Subject to prior repayment, the outstanding balance of the loan will become due and payable in December, 2011.

Gold mining exploration activity in the Cerro San Pedro Mine suspended, after the Federal Court of Fiscal and Administrative Justice, SEMARNAT, the Mexican government’s environmental protection agency canceled Environmental Impact Statement of the mine which was issued in 2006. PROFEPA, Mexico’s environmental enforcement agency, issued an order requiring MSX to suspend mining as a result of the cancellation of the EIS.

Hawthorne Gold and Eureka Resources has completed drilling of sampling Frasergold project in British Columbia. Both companies have filed the NI 43-101 technical report and estimates contained gold deposits...

Gold producer Focus Minerals Limited is pleased to provide an update on activities at its Coolgardie Gold Project, including the recently completed milling campaign that has delivered record gold production of approximately 21,900 ounces subject to finalisation of calculations of gold in circuit remaining in the treatment facility.