Effective July 1, 2012, companies and individuals will pay double the value of the corresponding assessment work requirement for Payment Instead of Exploration and Development (PIED). The previous rates were equivalent to the value of exploration and development work. These changes will impact decisions companies and individuals make as there is a risk of forfeiture if assessment work is not completed on time and companies are not able to come up with the additional money to pay the fees. This can be a serious problem since forfeiture makes it possible for other companies and individuals to acquire the mineral tenure.
Norman Cay Development, Inc. (OTCQB: NCDL) (OTCQB: DCGD), an emerging international gold exploration and development company, is pleased to announce that the Company has changed its name to Discovery Gold Corporation.
Coeur d'Alene Mines Corporation (NYSE: CDE) (TSX: CDM) announced that it subscribed by way of an agreement with International Northair Mines Ltd. (TSXV: INM) for the sale to Coeur of 10,750,000 units of Northair at a purchase price of C$0.28 per unit, for total consideration of C$3,010,000, as part of a private placement transaction of Northair issuing in the aggregate 12,536,000 Units.
Cap-Ex Ventures has reported that it is continuing to intercept significant iron mineralization intervals through its current drilling campaign at the Greenbush zone, which is situated at the Block 103 property in West Labrador.
By Kalwinder Kaur
16 Jul 2012
Almaden Minerals has declared additional results from the four drill exploration campaign that is currently being conducted at the Tuligtic project in Mexico. The company drilled the hole TU-12-145 into the Ixtaca north zone, which is a parallel zone developing towards the main Ixtaca zone. High-grades were encountered in hole TU-12-145, which extends the prominent Ixtaca north zone.
Canada-based mineral exploration company, Tigray Resources has announced diamond drill results from six fresh holes drilled at the Mayshehagne and Terakimti volcanogenic massive sulfide (VMS) gold-copper discoveries, located at the Harvest project in North Ethiopia.
By G.P. Thomas
16 Jul 2012
Black Smoker Ventures has announced that it is continuing the phase I diamond drill program at its Fox Lake Mine project in Canada.
By G.P. Thomas
16 Jul 2012
BASF, the world’s leading chemical company, today opened its global mining research and development center at the Australian Minerals Research Centre (AMRC) in Perth, WA.
Patriot Gold Corp. (OTC: PGOL), a gold resource and exploration company, today announced initial results from channel samples taken underground near the vicinity of the Allen Shaft at its Moss Gold-Silver project. ...
AMERICAN VANADIUM CORP. (TSX.V: AVC) (OTCQX: AVCVF) announces that the Company is engineering its process to include the production of higher valued vanadium products for the premium chemical and titanium alloying industries without increasing capital or operating costs. This decision is based on recent laboratory testing demonstrating the ability to produce high purity vanadium at its Gibellini Project located in Nevada.
Noble Corporation (NYSE: NE) today announced that the Company has entered into a three-year term drilling contract with Anadarko Petroleum Corporation (NYSE: APC) for the Noble Bob Douglas, one of Noble's new ultra-deepwater drillships currently under construction at the Hyundai Heavy Industries Co. Ltd. shipyard in Ulsan, South Korea. The drillship, which is being constructed on a fixed price basis, is expected to be utilized for operations primarily in the U.S. Gulf of Mexico.
Fortuna Silver Mines Inc. (NYSE: FSM ) (TSX: FVI) (BVL: FVI) (Frankfurt: F4S.F) announces production figures for the second quarter of 2012 from its two 100% owned operating underground mines in Latin America, the San Jo...
NuLegacy Gold has reported that it will conduct an oxide zone development drill campaign at the Red Hills gold project in Nevada. This Red Hill project is located in the Cortez trend, near to the Goldrush discovery of Barrick Gold.
By G.P. Thomas
13 Jul 2012
Vista Gold Corp. today announced assay results of drill holes from the ongoing resource conversion drilling program at the Mt. Todd gold project in Northern Territory, Australia.
Victory Resources Corp. is pleased to announce that it has completed the acquisition of the El Boleo property from Minera Copper Canyon S.A. de C.V. a private Mexican corporation. The transaction will allow the Company to acquire up to a 100% interest in El Boleo which is located adjacent to the historic Reforma Mine, the Santo Tomas Copper-Gold deposit, and in close proximity to the Bahuerachi Copper Deposit.