"Everything depends on how Cyprus plays its energy cards right now," says Roys Poyiadjis, a New York entrepreneur and financier with strong ties to his homeland.
The Graystone Company announced today its results from the Company's recently completed assay results. The Company sent a sample of gold ore from Peru to an independent refinery in Los Angeles, CA to perform an assay on the sample. The assay indicated that the sample contained 84.7% gold. Based on this testing the Company expects to be able to sell its currently producing gold ore from Peru at $1,374 per gross ounce. The Company sells gold based on the London Fix PM Price.
Cerro Grande Mining Corporation announced the completion of diamond drill hole CDM 003 at Santa Cecilia, located at UTM 1984 coordinates 6937542N 466750E. Azimuth 180 and inclination minus sixty was drilled to 1,597.7 me...
As a result of strong oil prices and technology advances making domestic shale resources accessible, the US oil and gas industry had a banner year for growth across several categories. Combined exploration and development spending increased 38% in 2011, according to Ernst & Young's annual US E&P benchmark study. Oil reserves grew by 9%, or 1.7 billion barrels, in 2011, while oil production increased 3%. Gas reserves and production rose 4% and 9%, respectively in 2011. Oil and gas revenues experienced 23% growth in 2011.
Santa Fe Gold Corporation is pleased to report that production levels have continued to increase at its Summit silver-gold mine in southwest New Mexico. The company anticipates the mine will reach its targeted monthly production rate of 10,000 tons beginning June 2012. Production for April and May averaged 8,262 tons per month, up 88% from the 4,400 tons mined in March. Delivery of new mining equipment including underground loaders, drills and trucks is expected to facilitate sustained mining rates. Revenues are expected to continue to increase during 2012 and 2013 as the mine reaches higher grade portions of the ore body.
Nova Mining Corp. announced today that the Company has moved to secure valuable Lithium supplies by executing a Letter of Intent with Mongolian National Mining Consultants Limited (MNMC) for the exclusive right to purchase 100% of the Lithium produced from MNMC mining properties at a discount to market price. As part of the deal, Nova Mining will have the right to perform Due Diligence, prior to both parties negotiating a Definitive Mineral Production Agreement.
Even as emerging mining company GTSO Resources, a wholly owned subsidiary of Green Technology Solutions, works to develop new tungsten mining projects as far away as Africa, the company is also exploring a new way to extract rare and valuable minerals much closer to home through a process known as "urban mining."
Amarc Resources Ltd. announces assay results from a further 20 delineation drill holes completed at the Newton gold discovery, south-central British Columbia. The new results from the Newton bulk tonnage gold system bring the total number of holes with important gold intercepts to 67. Delineation drilling of the Newton gold discovery commenced in late September 2011 and has progressed rapidly, with the completion of approximately 16,000 metres in 45 diamond drill holes (holes 11044 to 12088). Total drilling of the Newton deposit is now approximately 23,300 metres in 72 holes.
MAX Resource Corp. has completed eight holes (872 meters) of the Phase III core drilling program at its Majuba Hill silver/copper/gold project in Nevada. Of these eight holes, the first hole (MM-21) was drilled to a depth of 351 m and tested the southeast extension of near-surface high-grade supergene oxide mineralization identified by Max at the historic Majuba Hill mine during 2011. The remaining seven holes followed up on the discovery hole (MM-18) at the DeSoto zone 1.4 km to the northwest, where MAX intercepted 29.2 m of 98.3 g/t Ag silver equivalent ("AgEq").
Liberty Gold Corp. is pleased to announce it has acquired a 60% interest* in the ~2,218-acre McCord Creek Property gold project in central Alaska's Tolovana Mining District. Liberty Gold will be the project's operator.
Terms
While we only use edited and approved content for Azthena
answers, it may on occasions provide incorrect responses.
Please confirm any data provided with the related suppliers or
authors. We do not provide medical advice, if you search for
medical information you must always consult a medical
professional before acting on any information provided.
Your questions, but not your email details will be shared with
OpenAI and retained for 30 days in accordance with their
privacy principles.
Please do not ask questions that use sensitive or confidential
information.
Read the full Terms & Conditions.