Magellan Minerals has reported finding a new zone of gold mineralization situated nearly 360 meters north of the Central zone at the ‘Cuiu Cuiu’ project in Brazil. The previously unrecognized zone which has a significant resource estimate has now been named Central North.
Pilot Gold Inc. said in a statement that it had found a new bulk tonnage style gold discovery at the Viper Project in north east Elko County in Nevada. The first five drill holes have intersected a widespread sediment hosted, oxide gold and silver mineralization.
Barrick Gold said that it had found two significant gold discoveries in the state of Nevada. The two discoveries are called Red Hill and Goldrush. They are located 6 km south east of the Cortez Hills mine and 24 km south east of the Pipeline mine. The largest gold producer in the world is now trying to rebuild its focus on gold even as it makes headway into copper mining.
Minotaur Exploration has discovered a copper-gold mineralization trend which is 10 km long in the Cormorant prospect located near Cloncurry. The discovery was made during a recent drilling and geo-physics based exploratory program at the prospect in western Queensland.
Trans-Tasman Resources Ltd from New Zealand was pleased to announce that its iron sands resource estimate at the off-shore iron ore mineral resource has nearly doubled in size. The second official JORC compliant resource has been signed by an independent geological consultants Golders Associates.
Dragon Mining has good news from the Hangaslampi gold deposit in Finland. The exploratory drilling program at the gold deposit situated in the Kuusamo Gold project in the north of the country has found high levels of cobalt and rare earth elements in addition to the gold that it expected to find.
VMS Ventures Inc. has announced its results from a drilling program on the Super Zone property which is situated 1.8 km north east of the Reed Copper deposit. Both Super Zone and Northwest Zone properties are part of four properties next to the Reed Copper deposit that is under option to HudBay Minerals Inc.
Globex Mining Enterprises made a statement on Monday saying that it had intersected high grades of copper and zinc, along with additional gold and silver mineralization, at the Tonnancour property.
Canadian company St Eugene Mining Corporation Limited saw its shares on the Toronto Venture Exchange rising by ten cents on this Monday as gold and silver recovery results from its Saskatchewan project came in.
Lundin Petroleum has discovered significant oil at the 16/2-8 appraisal or exploration well, which is located at the Aldous South prospect in PL265, Norwegian North Sea. The discovery is possibly an Avalsdnes discovery expansion, which was made by Lundin in PL501.
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