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
Blackham Resources has reported it has discovered an exploration target area and encountered 2 to 6 g/t gold through geological analysis carried out at the Williamson region.
Marifil Mines has announced that NovaGold Resources (NovaGold) has decided to forfeit its 70% interest as per the option agreement in the San Roque property. A 49% of interest has been earned in the property by NovaGold.
By G.P. Thomas
3 Jul 2012
Ardent Mines Ltd., a precious resources exploration, development, and mining company focused on advancing its two gold properties in Brazil, commenced geological exploration work at its Gold Hills ("Serra do Ouro") property, a 13.5 km long gold trend ("Trend"), located in northeastern Brazil, near the border between the states of Pernambuco and Paraíba.
Vanguard Natural Resources, LLC today announced that on June 29, 2012 it consummated the previously announced acquisition of natural gas and liquids assets from Antero Resources for an adjusted purchase price of $434.4 million, subject to customary final post-closing adjustments. The effective date of the acquisition is April 1, 2012.
US Seismic Systems, Inc., an Acorn Energy, Inc. company announced today it has built and shipped the world's largest commercial high temperature down-hole fiber-optic seismic array. The 40-level array is designed for monitoring wells that use the latest unconventional oil and gas extraction technique known as hydrofracking.