Mr. Erik Bethel, Managing Partner of SinoLatin Capital, the premier investment platform between China and Latin America focused on natural resources and commodities, spoke at the 2012 Mines and Money Beijing Conference, June 19-21st, 2012 at the China World Summit Wing.
Guyana Frontier Mining Corp. ("Guyana Frontier") is pleased to provide an update on the results of the remaining six diamond drill holes from the Marudi Mountain Gold Project ("Marudi Mountain") in Guyana, South America. The six holes reported here, totalling 909.5 metres, were drilled at the Marudi North target area from two collar locations, of which three holes encountered gold mineralization. The 2012 drilling program at Marudi North successfully intersected gold mineralization within quartzite-metachert rocks (the "host rock") in six of the nine holes drilled. In all, 1,977.47 metres were drilled in 12 holes at both target areas during the Phase 1 drilling program. Nine holes totalling 1,438.17 metres were drilled in the Marudi North segment of the 2012 drilling program, and 539.30 metres were earlier completed in 3 holes at Mazoa Hill.
Malbex Resources, a gold exploration company, has declared assay results for 11 diamond drill holes from the Rojo Grande deposit and other prospective targets at its Del Carmen gold-silver project located in Argentina’s San Juan province.
By Joel Scanlon
25 Jun 2012
Eagle Hill Exploration has declared the initial assay results from the new drill campaign, which was conducted at the Windfall Lake Gold Deposit located in northwestern Quebec. The assay results constitute a part of a drilling program conducted to extend the size of the mineral resource estimate, which was announced earlier in November 2011.
By Kalwinder Kaur
25 Jun 2012
Confederation Minerals, a British Columbia-based company, has declared the drill results from the 2012 summer campaign conducted at the Newman-Todd property, located in Red Lake, Ontario.
By Kalwinder Kaur
25 Jun 2012
Sono Resources, Inc. having completed the Share Exchange Agreement ("SEA"), with Alaska Metals Corp. ("Alaska Metals"), announces that the 2012 exploration work program, as set out in the Company's news release dated May 4, 2012, has been initiated, with Keill Engineering from Fairbanks, Alaska conducting a Mobile Metal Ion ("MMI") geochemical sampling program over 4 grid lines consisting of 219 samples. These samples have been sent to SGS Canada Inc. of Mississauga, Ontario for analysis.
Sunset Cove has announced that it has drilled a second diamond hole, DDH-06, at the Carolay Silver Property. The company has drilled the hole to a depth of 301 m and the hole has traversed two structures. The Carolay 1 vein and the Carolay vein have been crossed at 226 m and 193.06 m, respectively.
By G.P. Thomas
25 Jun 2012
Uranerz Energy has declared that it has validated the new uranium trend discovery at the Monument project, through the new results obtained from the 2012 exploration drill campaign. This project is located adjacent to the other projects of the company in the Powder River Basin.
Cypress Development has announced that it has completed a phase I drilling campaign at the Twenty-One silver-gold property, situated in west central Nevada.
By G.P. Thomas
25 Jun 2012
China's apparent oil demand* rose just 0.5% year on year in May to 39.72 million metric tons (mt), or an average 9.39 million barrels per day (b/d), a just-released Platts analysis of recent Chinese government data showed.
As a key player in the Slocan Mining District, Klondike Silver Corp. combines exploration and production to maximize resources and support regional development.
Harvest Natural Resources, Inc. today announced that its wholly-owned subsidiary, HNR Energia B.V., has signed a definitive Share Purchase Agreement (SPA) with PT Pertamina (Persero), the national oil company of Indonesia (the Buyer), to sell all of the Company's interests in Venezuela for $725.0 million in an all-cash transaction. Net proceeds from the sale are estimated to be approximately $525.0 million after deductions for transaction related costs and taxes.
Oil and gas experts from governments and national and international companies came together from June 19-21, in Malabo, the capital of Equatorial Guinea, for the 15th Gulf of Guinea Oil and Gas Conference. This was the first GOG conference hosted by Equatorial Guinea.
Arch Coal, Inc. today announced plans to idle several operations and to reduce production at other mining complexes in Appalachia due to the unprecedented downturn in demand for coal-based electricity. Today's actions, along with other recent changes in Appalachia, will result in a total workforce reduction of approximately 750 full-time employee positions.
Soltoro has reported that it has drilled more than 10,000 m of the proposed 20,000 m program at the El Rayo primary silver project located in Mexico.
By G.P. Thomas
22 Jun 2012