Orca Exploration Group Inc. announces the successful completion of its SS-11 development well in Tanzania, provides an update on the Company's operations and announces a bridge loan facility.
To obtain a stake in the Gulf of Mexico Lucius project, Anadarko Petroleum has made a deal with an undisclosed entity, according to which Anadarko’s investment of 556 million dollars, which would cover the entire capital requirement up to the initial production of the Lucius project, will obtain for Anadarko a 7.2% working interest in the development and retain a 27.8% working interest when Anadarko continues as a operator.
By Joel Scanlon
4 Jul 2012
The requirement for coal during the current year in the United States has been pulled down significantly due to reduction in natural gas prices, which has resulted in a bad phase for coal stocks.
By Kalwinder Kaur
4 Jul 2012
Markel Corporation announced today that Ellicott Dredge Enterprises, LLC (Ellicott), through its subsidiary Rohr International Dredge Holdings, Inc., acquired IDRECO GmbH (IDRECO), which is based in Heerenberg, The Netherlands. IDRECO is a leader in deep digging electrical suction and cutter suction dredges serving primarily the sand and gravel and mining sectors. Ellicott is a subsidiary of Markel Ventures, Inc. Terms of the transaction were not disclosed.
Reservoir Minerals (RMC) has reported the results of the phase I stream sampling program carried out at the Bibemi Exploration License, located in North Cameroon. Stream sediment samples with gold anomaly, along with mapping of seasonal artisanal works, have outlined three anomalous regions present in the potential Archean greenstone terrain, over 35 km of strike.
By G.P. Thomas
4 Jul 2012
Elemental Minerals, an advanced mining exploration and development company, has declared that it has received encouraging assay results from the first bore hole EK_38, out of the nine holes drilled at the Sintoukola Potash Project. High-grade mineralization of sylvinite has been found in hole EK_38 in a recently discovered seam that is situated about 50 m over the Upper Seam.
By G.P. Thomas
4 Jul 2012
Victory Resources has reported that the second and final phase of the drilling program has been completed at the Altamira tailings pond, which is situated at the Reforma mine.
By G.P. Thomas
4 Jul 2012
Mountain Province Diamonds Inc. is pleased to announced a 78.5 percent increase in the volume estimate of the Tuzo kimberlite pipe at the Gahcho Kué JV with De Beers Canada Inc. ("De Beers"). The Tuzo Deep volume estimate is based on the pierce points from five inclined drill holes completed in April, 2012, as well as two pierce points from earlier drilling.
LKA International, Inc. is please to report a key addition to its exploration team. Mr. Rauno Perttu has recently accepted the position of Project Geologist and will direct the Company's exploration program at the Golden Wonder mine located near Lake City, Colorado. Mr. Perttu's efforts will be focused on re-establishing a commercial ore body at the Golden Wonder and compiling exploration data in a form and manner consistent with industry-standard, 43-101 requirements.
Radius Gold Inc. is pleased to provide an update on recent work completed by Fortuna Silver Mines Inc. on Radius Gold's Tlacolula Property, Mexico. Fortuna has an option to acquire a 60% interest in the Tlacolula Property by making cash payments and share issuances to Radius, and by completing expenditures totaling US$2 million on the property (see Radius news release dated Sept. 23, 2009).
Silver Scott Mines, Inc. is pleased to announce the following recently received drill assay sample results from the Quitovac Gold Mine Project located near Sonoyta, Sonora Mexico. The company's concession blocks control approximately 14,500 hectares of land (36,250 acres) covering the Quitovac mine and placer gold sites in northwest Sonora. A total of 1723 meters of contracted RC drilling was recently completed in a 12 angle drill holes.
Porto Energy, an international oil and gas company, has signed a farmout agreement with Petróleos de Portugal - Petrogal (Galp) to analyze the pre-salt in the Aljuabarrota-3 concession located in Portugal.
By Kalwinder Kaur
3 Jul 2012
Frontier Rare Earths, a mineral exploration and development company, has released the new assay results from the recent resource drilling programme at Zandkopsdrift project located in South Africa.
By G.P. Thomas
3 Jul 2012
Atna Resources, a gold mining company, has provided an update on the progress being made on its Pinson Mine located near Winnemucca, Nevada during the 1Q and 2Q of 2012.
By G.P. Thomas
3 Jul 2012
After ascertaining the viability of the venture, Bandanna Energy has invested to develop the Springsure Creek subterranean coal project and has taken a senior secured bank guarantee facility of 67 million Australian dollars from Credit Suisse.
By Joel Scanlon
3 Jul 2012