U.S. Rare Earths, Inc., "USRE", www.usrareearths.com, announced today that surface rock sampling conducted in the fourth quarter 2011 at its Idaho and Montana properties near Lemhi Pass and North Fork Idaho, along with results from sampling in 2009 and 2010 indicate the presence of Total Rare Earth (TRE) ranging as high as 26%. "The analytical results from ACT Labs, Canada -- along with the aero-mag we flew after acquiring these properties will shape our 2012 Drill Program," said Greg Schifrin, Chief Operating Officer.
Statoil was the high bidder on 26 leases in the first lease sale in the Central Gulf of Mexico since March of 2010.
Radius Gold Inc. would like to comment on recent events near the Tambor gold mine development project in the municipalities of San Jose del Golfo and San Pedro Ayampuc in southern Guatemala. Radius's joint venture partner, Kappes Cassiday and Associates, of Reno, is the project operator and is constructing a small gold mine at the site.
Strata Minerals Inc. is pleased to announce that it has entered into a native title heritage agreement with the Yamatji Marlpa Aboriginal Corporation ("YMAC"). This agreement, part of the consultative process under Australian native title legislation, enables the Western Australian Department of Mines and Petroleum to grant the two exploration tenements applicable to the Phase 1 field work on the Company's 80% owned Cardabia Phosphate Project located near Exmouth in Western Australia (the "Cardabia Project").
MarketResearch.com has announced the addition of the new report "Lithium Ion Batteries Outlook and Alternative Energy Vehicles, Technologies, Markets, Competitors and Opportunities: 2010-2020 Analysis and Forecasts" to their collection of Energy market reports. Reportedly, the market for lithium ion batteries has grown to $11 billion and is expected to reach $43 billion by 2020.
Gold Bullion International (GBI), a leading provider of precious metals, today announced that it has established vaulting capacity near Melbourne, Australia, the company's first vault in the Asia-Pacific region. The company currently has existing vaults in New York, Salt Lake City, Zurich and London.
Focus Ventures Ltd. is pleased to announce encouraging results from surface sampling at the Don Blas target located on its Santa Cruz property, Durango, Mexico. The results of Focus's initial sampling were announced on March 19, 2012 and included a 22m section that averaged 377.8 g/t Ag.
Brazilian Gold Corporation is pleased to report results for initial testwork on the acid generation potential of mine waste rock and old mine tailings from the São Jorge project. The study was conducted by Global Resource Engineering Ltd. of Centennial, Colorado and all samples were analyzed by SGS Lakefield Geosol Laboratórios Ltda., Vaspasiano, Minas Gerais, Brazil. This study is part of an overall Environmental Impact Assessment (EIA) program at São Jorge in preparation of a pre-feasibility study and potential near term mining activity.
Synergy Resources Corporation, a domestic oil and gas exploration and production company focused in the Denver-Julesburg Basin (the "D-J Basin"), today provided an update on the Company's twenty-four most recently drilled wells. As of June 20, 2012, Synergy Resources drilled and completed six Klein wells and two Hilfer wells. In addition, the Company has drilled nine wells on the Aims Community College/Greeley Country Club prospect which are currently in the completion stage. The Company also reported that Ensign Rig #233 is currently drilling seven wells on the Margil southeast prospect.
Rio Tinto is taking the next steps in its phased investment programme by committing US$4.2 billion (100 per cent basis US$6.2 billion) to develop its tier one iron ore business. The investment covers US$3.7 billion (100 per cent basis US$5.2 billion) for expansion of the industry-leading Pilbara iron ore operations in Western Australia and US$501 million (100 per cent basis US$1.0 billion) for further infrastructure development at the Simandou iron ore project in Guinea.
Demand for fossil fuels continues to increase at a steady pace, forcing market participants in the oilfield and gas exploration industries to look beyond readily-available and easily-accessible sources in order to remain competitive. This activity fuels a multiple billions of dollars of growth in related industries, as businesses spring up to supply and support oil and gas exploration. With premium market research from the world's leading publishers, Global Information Inc. helps businesses stay ahead of the curve with the best forecasts, research, and analyses.
Production of metals has been at the core of all industry nearly since the dawn of civilization, and has only become more important with time. As the global economy emerges from recession into a new period of growth, having accurate market data and analysis on the production of metals will be essential to nearly any company that produces a physical good.
Panoro Minerals Ltd is pleased to announce that the Environmental Impact Assessment (EIAsd) for an expanded exploration program at the 100% owned Cotabambas Copper/Gold Project has been given final approval by the Peruvian Ministry of Energy and Mines.
Golden Reign Resources has announced that it has encountered a multi-ounce intercept of gold and silver from Arras zone mineralization located in hole AR 12-36 drilled at the San Albino Mine.
By G.P. Thomas
20 Jun 2012
Riverstone Resources has announced the results from 19 diamond core holes drilled on its 90%-owned GGI Deposit. This deposit belongs to the part of Riverstone’s flagship Karma gold project located in Burkina Faso, West Africa.
By G.P. Thomas
20 Jun 2012