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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

Golden Share Mining Announces Zone No4 Mineralization Assay Results

Golden Share Mining, a Canadian-based mineral exploration company with properties in Quebec and Ontario, has announced the results of hole BO-11-09 located in Zone No4 of the Northwestern Ontario project titled Shebandowan Gold Project.

From Golden Share Mining Corporation 22 Feb 2012

TAC Gold Releases Update on Belleville Project Drill Program

TAC Gold,a gold exploration company based in Vancouver with a focus on gold projects in Nevada, has released the latest update on its Belleville project.

22 Feb 2012

Kalimantan Gold Updates on Exploration Works at Jelai Gold Project

Kalimantan Gold (KGC), together with its joint venture Tigers Realm Minerals, has declared the completion of community consultation regarding the proposed exploration works at the Jelai gold project.

22 Feb 2012

Mediterranean Resources’ Infill Results Enhance Base Metal Continuity at Corak Property

Mediterranean Resources has reported the five infill diamond core hole results that improve the base metal continuity at the Corak property.

22 Feb 2012

Conway Resources Announces Extraction of Bulk Sample from Belleterre Mine Property

Conway Resources will commence the extraction of a 30 t bulk sample from the Belleterre mine property during mid of March, 2012.

22 Feb 2012

Caledonia Mining Divests Majority Stake in Blanket Gold Mine to Zimbabwe

Caledonia Mining Corp is to divest 51% of its Blanket gold mine to Zimbabweans. The $30 million deal was announced on Monday. This agreement allows Caledonia to meet the new foreign ownership rules that came into effect in 2010 in Zimbabwe.

21 Feb 2012

Integra Mining Discovers New Gold Targets

Integra Mining finds new potential at the Aldiss Gold project. The Australian listed mining company has identified three new gold trends that have the potential of establishing a standalone mining and milling operation at the project.

21 Feb 2012

Orvana Receives Draft Mining Permit for Michigan-based Copperwood Project

Orvana Minerals, a multi-mine copper and gold producer with assets in Michigan, Eastern Bolivia and Northern Spain has announced that the company has received the draft mining permit from the Michigan Department of Environmental Quality for the Michigan-based Copperwood copper project.

From Orvana Minerals Corp. 21 Feb 2012