Robert Friedland, Chairman, and Peter Reeve, Chief Executive Officer of Ivanhoe Australia Limited (TSX:IVA)(ASX:IVA), has announced that continued drilling has intersected exceptionally high-grade copper, gold and cobalt mineralisation at shallow depths in the large mineralised system on the company's Barnes Shaft prospect.
Empire Resources (ASX:ERL) has discovered new outcrops of nickel and copper sulphide at Yuinmery, south Western Australia. Dubbed as the Constantine prospect, the ironstone outcrop has traces of anomalous nickel, copper, cobalt, platinum and palladium. It is about 350 meters in length and 48 meters in width.
The European Union is seeing the shortage of raw materials as a major risk for the global economy as demand begins to exceed supply. European Union trade chief Karel De Gucht said that no country possessed all the raw materials that it needed.
Buchans Minerals Corporation (BMC-TSX-V) and Benton Resources Corp. (BTC-TSX-V) has provided an update on their 50/50 Long Range Nickel joint venture in central Newfoundland.
The brilliant rescue of 33 miners in Chile made headlines just a few weeks ago, but mine workers were not quite as lucky at the San Esteban Mining Company’s copper mine Los Reyes in Chile. Located in the same region a few kilometres away the mine lost two workers in an explosion and subsequent cave in.
African Metals Corporation (TSX VENTURE:AFR)(FRANKFURT:OWW) has provided an exploration update on its on drilling activities at its projects in the Democratic Republic of the Congo.
Prophecy Resource Corp. (TSX VENTURE:PCY)(OTCQX:PRPCF)(FRANKFURT:1P2) reports results from extensive underground sampling program from its 100% owned Wellgreen Project located in the Yukon, Canada.
Stratabound Minerals Corp. has reported additional drill results from its 100%-owned Captain copper-cobalt deposit, located within the infrastructure-rich Bathurst mining camp of northern New Brunswick.
AXMIN Inc. (TSX VENTURE:AXM) announces that it has regained control of its Mavita Copper-Nickel-Cobalt Project in Mozambique following the withdrawal of Rio Tinto Minerals Development Limited, a wholly owned subsidiary of Rio Tinto Plc (LSE:RIO) from a joint venture over these permits.
Athabasca Uranium Inc. has announced that it has entered into an agreement with an arm's-length vendor by which the Company has the option to earn a 100% interest in the McGregor Lake Property in northeast Saskatchewan.