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Centurion Minerals Reports Vuggy Massive Silica Outcrops Extend Gold-Bearing Structures

Centurion Minerals, an Indonesian-based company, has declared that the newly identified vuggy massive silica outcrops in the Simpang Tiga and Zulham prospects revealed gold showings that have expanded the gold zone, located in the Banda Raya, Northern Sumatra property, to about 2.5 km.

From Centurion Minerals Ltd. 23 Feb 2012

Metals Creek Resources Begins Diamond Drilling Program on Ogden Gold Project in Ontario

Metals Creek Resources declared that it has started a diamond drilling program on the Ogden Property located in the Timmins Gold Camp, Ontario. The Ogden property encloses 8 km of strike length of the Porcupine-Destor Break between Lake Shore Gold's West Timmins development project and Goldcorp's Dome Mine.

23 Feb 2012

Ateba Resources Drills at Larder Group Property

Ateba Resources has announced that it is retaining the services of Orbit Garant Drilling in order to perform diamond drill program up to 2,000 m at the company’s Larder Group property in Ontario.

23 Feb 2012

Trouble Brewing for Freeport-McMoRan in Indonesia

As the government of Indonesia renegotiates contracts for mining with multi-national miner Freeport-McMoRan Copper & Gold, there are demands to up the royalties that are earned from the mining company.

22 Feb 2012

Medusa Mining Reports Earnings and Expansion Plans for Co-O Gold Mine

Medusa Mining has reported that its revenue for last year was down by 47% compared to the previous year. The dually listed company generated $40.9 million last year as compared to $78.3 million in 2010. The shortfall was a result of planned expansion and development of its Co-O gold mine.

From Ten Sixty Four Limited 22 Feb 2012

‘Fly In Fly Out’ Practice Under Scrutiny

A federal inquiry team studying the effects of the ‘fly in fly out’ workforce is moving around regions that are affected by this mining practice. The inquiry is being conducted by the House of Representatives Standing Committee on Regional Australia to see exactly how the mobile workforce impacts the local community.

22 Feb 2012