FISSION ENERGY CORP. (TSX VENTURE:FIS) and its Limited Partner, the Korea Waterbury Uranium Limited Partnership, announce that vertical step-out drilling at its Waterbury Lake project in the Athabasca Basin, has further expanded the J Zone high grade uranium discovery 60m to the west, increasing its area to ~170m x up to 50m up from ~140m x up to 50m.
Entrée Gold Inc. (TSX:ETG; NYSE AMEX: EGI; Frankfurt:EKA) has received assay results from its first diamond drill hole completed on the Ann Mason deposit in the Yerington district of Nevada.
Extorre Gold Mines Limited (TSX:XG) (FRANKFURT:E1R) (OTCQX:EXGMF) has reported that discovery drilling continues to extend gold-silver mineralization at its 100% owned Cerro Moro Project, in Santa Cruz Province, Argentina.
Goldgroup Mining Inc., in coordination with DynaResource, Inc. ("DynaUSA"-"DYNR-OTCBB"), has announced that diamond drilling from the current 18,500 meter diamond drilling program at the San José de Gracia project in Sinaloa, Mexico has encountered notable gold mineralization yielding 18.47 g/t Au over 8.04 metres including 34.36 g/t Au over 4.10 metres, (Hole SJG-10-226) plus many intercepts above the 2.0 g/t Au cut-off grade.
AM Gold Inc. (TSX VENTURE:AMG)(FRANKFURT:AMX) has announced the commencement of the Company's 2011 exploration program at its 100% owned Pinaya Gold-Copper Project in southern Peru.
Asia Now Resources Corp. (TSX VENTURE:NOW) has announced that the Company now has 11 rigs drilling at Beiya North adjacent to the open-pit Beiya Gold Mine, the largest gold mine in Yunnan Province of China, whose production capacity has been increased to 200,000 ounces of gold annually.
The Mayor of Grey District Tony Kokshoorn wants an open cast mine at Pike River, New Zealand. The mine which has been shut down since November 19, 2010 after an explosion which killed 29 miners still has $6 billion worth of coal underground. This is money that would greatly boost the New Zealand’s west coast economy.
By Dr. Cameron Chai
7 Feb 2011
Colombian mine workers at Cerrejon have agreed to a compromise on pay. Cerrejon is owned collectively by BHB Billiton, Xstrata and Anglo American and is the largest coal exporting mine in Colombia
Last week's cyclone Yasi has compounded the floods from December for Australia’s Queensland coal mines. The economic impact of the natural disaster is now being felt on foreign shores, specifically India.
By Joel Scanlon
7 Feb 2011
Energy Fuels Inc would have heaved a sigh of relief as Montrose County District Judge James Schum ruled that the special use permit given to the company was in order.
Sterlite Industries (India) a part of the Vedanta Group has completed the acquisition of the South African Black Mountain Mining Limited.
By Joel Scanlon
7 Feb 2011
The Philippines government seems to be set on putting its mining industry in order with the President Benigno Aquino III declaring an indefinite ban on logging nationwide and Environment Secretary Ramon Paje saying that almost 500 inactive mining permits had been suspended.
By Dr. Cameron Chai
7 Feb 2011
In China its not just coal and iron ore that are being produced and consumed in large quantities. In 2010 the country has also seen record gold production with 340 tons of gold being extracted. China holds extensive gold reserves as a risk protection against the global financial markets.
By Dr. Cameron Chai
7 Feb 2011
Marathon Gold Corporation (TSX:MOZ) announces that it has entered into an agreement with a syndicate of underwriters, led by Stonecap Securities Inc. and including Octagon Capital Corporation, whereby the Underwriters have agreed to purchase, on a bought deal basis, 1,945,000 flow-through common shares of the Company at a price of $1.80 per Flow-Through Common Share for gross proceeds of $3,501,000.
Luiri Gold Limited (TSX VENTURE:LGL)(ASX:LGM) has announced that the Attorney General of Zambia has informed the Ministry of Mines and Development that it has no objections to them entering into discussions with Luiri in order to find an amicable settlement on the issue of the cancelation of the Mining Licence LML48.