BCGold Corp. (TSX VENTURE:BCG) is pleased to announce that it has staked four properties in Central B.C., targeting blind porphyry copper-gold deposits similar in style to the Afton-Ajax and Mount Polley copper-gold deposits.
Matthew Russell, President of Azteca Gold Corp. ("Azteca" or the "Company") (TSX VENTURE:AZG) is pleased to announce that diamond drill core hole DDH-009 has been completed to a depth of 6760 FT. The Company feels its technical objectives for DDH-009 with regards to investigating up-dip hinge sulfide mineralization within the Two Mile Anticline were achieved within the estimated 7000 FT TD.
Asia Now Resources Corp. (TSX VENTURE:NOW) is pleased to announce that the Company has accelerated its exploration program by mobilizing six rigs to drill at its Beiya project adjacent to the open-pit Beiya Gold Mine, the largest gold mine in Yunnan Province of China, with production capacity being expanded to 200,000 ounces of gold annually.
Arco Resources Corp. (TSX VENTURE:ARR)(FRANKFURT:MJ7) ("Arco" or the "Company") is pleased to announce results from the remaining seven holes of the recently completed diamond drill program on its 100%-owned Taviche property located in Oaxaca, Mexico.
Alexco Resource Corp. (TSX:AXR)(NYSE Amex:AXU) ("Alexco" or the "Company") is pleased to announce additional results from its 2010 core drilling program at the Keno Hill Silver District in Canada's Yukon Territory. Exploration and infill drilling in the area of the historical Onek underground and open pit mine has identified an upper silver rich zone of mineralization with associated high grade zinc, and locally lead, over significant widths.
Copper Futures have risen to a 26 month peak on the second straight day on Wednesday. Copper for December delivery HGZ0 ended up 2.65 cents at $3.7530 per lb on the COMEX metals division of the New York Mercantile Exchange.
By Dr. Cameron Chai
7 Oct 2010
Gold prices have settles at a 14th record high in Gold Futures this month. The weak dollar and fears of inflation combined with currency debasement have pushed up silver along with gold futures.
By Joel Scanlon
7 Oct 2010
Treasurer Wayne Swan refused to release the figures and assumptions relating to the Minerals Resource Rent Tax (MRRT) despite a Senate order. He said that to do so would damage the economy and it would be grossly irresponsible. The Gillard government is standing by the Treasury estimated of the MRRT raising $10 billion from the mining sector.
By Joel Scanlon
7 Oct 2010
Troymet Exploration Corp. has updated progress on its 100% owned, 7,882-hectare Key property, which is located 125 km southwest of Vanderhoof, British Columbia.
Resource definition drilling continues to progress successfully on bulk-mineable gold deposits in the San Francisco area discovered by Paramount Gold and Silver Corp. in December 2009. Earlier drilling focused on the South and North San Francisco zones which have expanded steadily as reported in news releases dated January 7, March 8 and June 17, 2010.
Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc, has submitted an Application for a Permit to Drill one exploration well in the Beaufort Sea in 2011.
AmeriLithium Corp. (OTC Bulletin Board: AMEL) is pleased to announce rough preliminary volume estimates of up to 26,000 tons of potential Lithium resource underlying the Company's Paymaster Canyon Lithium brine project in Nevada, USA.
Rio Tinto announces trial of a new tunnelling system partnering with Aker Wirth.
The first of three new underground excavation systems is now ready for full scale performance verification trials at Northparkes' copp...
Paget Minerals Corp. (TSX VENTURE:PGS) has announced that it has discovered a zone of higher grade copper-gold mineralization of up to 1.34 grams per tonne gold (g/t Au) and 0.57% copper (Cu) extending up to 1.5 kilometres south of existing drilling on the Company's 100-per-cent-owned Mt. Dunn copper-gold (Cu-Au) porphyry property, located 70 kilometres northwest of Stewart, BC.
Laurion Mineral Exploration Inc. (TSX VENTURE:LME)(OTCBB:LMEFF) ("Laurion") is pleased to provide a detailed update on the Company's exploration and drilling programs on the Sturgeon River Property in Beardmore, Ontario.