Uruguay Mineral Exploration Inc. (UME) is a gold production and exploration company that identifies and develops mineral opportunities in South America. UME is a fully integrated mining company, possessing the skills necessary to explore and develop its discoveries. UME operates San Gregorio, the only producing gold mine in Uruguay, and is the leading mineral exploration company in Uruguay with an exploration portfolio of gold, diamonds and base metal prospects, including copper, nickel, lead, and zinc.

Uruguay Mineral Exploration Inc. is quoted in Canada (TSXV) and London (AIM) and RBC Capital Markets is its Nominated Adviser and Broker. More information can be found at www.uruguayminerals.com

MONTEVIDEO, Uruguay, — (BUSINESS WIRE) — Uruguay Mineral Exploration Inc., a South American gold production and exploration company, yesterday released two press releases regarding the year end results for fiscal year 2008 which contain typographical errors which the Company considers should be clarified.

In the Press Release titled Uruguay Mineral Exploration Announces Results for Fiscal Year 2008, the correct basic earnings per share of the Company is $US 0.16 instead of $US 0.22 as stated on page 2 and the amount invested in exploration should read $US 9.96 instead of $US 9.6 as stated on page 4.

Also, in the Press Release titled Chairman’s and CEO’s Reports from Annual Report and Accounts 2007/08 the net profit after tax for the financial year to May 31, 2008 is $US 7.8 million and not $US 78 million as stated on page 4. Additionally, the amount invested in exploration should read $US 9.96 instead of $US 9.6 as stated on page 4.
The original Annual Report, Financial Statements and MD&A filed with Sedar and released on the company’s website are correct. Read more

The Kitchenuhmaykoosib Inninuwug First Nation is taking action to ensure it doesn’t run into any more disputes, like its battle with Platinex by setting its own rules for mining exploration companies.

A long running dispute to stop the junior mining company from exploration drilling on its traditional lands resulted in six band leaders finally receiving jail sentences for ignoring a court order to allow the company to resume activity.

KI has announced a series of workshops aimed at developing an action plan that will prepare it for incursion into its territory by exploration companies. KI says the workshops will cover legal strategies, domestic and international lobbying and direct action.

source:tbsource

Nationals’ leader Brendan Grylls yesterday announced the scheme which would offer drilling subsidies of up to 50 per cent to encourage companies to explore new mineral deposits.

AMEC chief executive officer Justin Walawski says Western Australia’s share of mining exploration has fallen by nearly a quarter over the past decade.

Mr Walawski says the Nationals’ plan would help attract exploration back to the state.

“I think what the Nationals are doing is reacting to the enormous decline in the West Australian share of mineral exploration relative to states like South Australia, Queensland and the Northern Territory, and the billions of dollars lost to the state, and they’re seeking to find ways to address that,” he said. abc

(CNN Money) — Gemini Explorations, Inc. (“Gemini”) (OTCBB: GXPI) announced today that test results of new samples taken from Gemini’s La Tapata Gold Mine are to be made public within the next few days. These samples were tested by Diazem Corporation, which has developed a proprietary, cost-effective method for capturing a uniquely high percentage of precious metals (gold/silver) and other economic minerals from the containing ore body. The Diazem process provides an enhanced economical separation and capture of both precious and other metals of value, resulting in an improvement in overall efficiency and profitability. In addition to being efficient, effective and economical, the Diazem process is also exceptionally friendly to the environment. More information about Diazem and their separation technology is available on their company website at: www.diazem.com/mining.html.

The reporting of the results of the testing of these samples, and the significance of those results to Gemini’s approach to the upgrading and operational redevelopment of La Tapata will constitute the first of many progressive events enabled by the recently announced $600,000 financing commitment. These sample results will help establish the specific details of the Read more

VANCOUVER, BRITISH COLUMBIA, —- (Marketwire via COMTEX via FOX) —-Fox Resources Ltd. (formerly Waverley Biotech Inc.) (“Fox” or the “Company”) (TSX VENTURE:FAX) is pleased to announce that it obtained the final approval from the TSX Venture Exchange (the “Exchange”) on its Qualifying Transaction (the “QT”), the financings and the name change.

The Otter Gold Property

The Company entered into a three year mining option agreement (the “Mining Option Agreement”) dated May 27, 2008 to acquire the Otter Gold Property located in the Spences Bridge Gold Belt near Princeton, British Columbia. The acquisition of the Otter Gold Property constitutes the Company’s QT under the rules of the Exchange for Capital Pool Companies.

The Otter Gold Property is being acquired from a private arm’s length British Columbia company, 665777 B.C. Ltd. (“665777″), which is owned by Mr. Tim Henneberry of Mill Bay, B.C. (30%), Mr. Rolland Menard of Kamloops, B.C. (30%), Mr. Brent McEwen of Kamloops, B.C. (30%) and Ms. Martina Hobbs of Kamloops, B.C. (10%). Read more

VANCOUVER, BRITISH COLUMBIA, —- (MARKET WIRE via COMTEX) —-Gold Canyon Resources Inc. (TSX VENTURE: GCU)(PINK SHEETS: GDCRF) (“Gold Canyon” or “the Company”) is pleased to announce an additional Reverse Circulation (RC: 10.70, -0.10, -0.92%) drilling program to be conducted at the Company’s Cordero Gallium Project in Nevada, as part of ongoing preparation for preliminary feasibility work. The drill program is designed to follow up and further test newly defined structurally controlled exotic metal anomalies. Also, it will provide additional metallurgical information on the rare and exotic metals that have been identified by previous RC and recent large diameter core drilling completed at Cordero. This drill program will consist of six holes having an aggregate length of approximately 2500 feet.

The Cordero Gallium Project, covering over 3,800 acres and recognized as the largest known primary gallium occurrence in North America, is located in and around the historic Cordero and McDermitt mercury mines, notable as the largest mercury producers in the western hemisphere during much of their production life. Read more