Lori McClenahan, President and CEO of St. Elias Mines Ltd. today announced the results of drill holes TE-12 to TE-35 at the Tesoro Gold Project, located in southwestern Peru. Forty-three diamond drill holes, totaling 12,740 metres, have been completed to date. Assays are pending for holes TE-36 to TE-40. Samples from drill-holes TE-41 to TE-43 are being prepared for shipment to the CERTIMIN analytical laboratory in Lima.
Coeur d'Alene Mines Corporation announced today that full production has resumed at its Palmarejo Mine after the small group of employees who had been blocking access to the mine agreed to return to work.
EnerJex Resources, Inc., a domestic onshore oil company, announced today that it has completed 7 new oil wells and 1 new secondary recovery water injection well in its Mississippian Project located in Southeast Kansas. Year-to-date, the Company has drilled 12 new oil wells and 1 new injection well with a 100% success rate. Nine of the 12 new oil wells have begun producing and the remaining wells are expected to be placed online in the near term.
This week marks the launch of an initiative urging Minnesotans to study about sulfide mining known as Mining Truth.
By Joel Scanlon
24 May 2012
This month, Energy Digital discusses Wavefront Technology Solutions' revolutionary PowerWave technology and its potential to increase oil supplies in the US more than proposals for the pursuit of oil sands.
ESAI Energy forecasts a growing gasoline glut in the Atlantic Basin, which will pressure gasoline prices for the next several years. This bearish view is a marked shift from the uncertainty about gasoline supply to the East Coast just a few months ago.
Though its trials and travails at the national level get all the attention, the nuclear power industry is finding fewer and fewer friends in statehouses across the nation.
Arch Coal, Inc. today announced that Canyon Fuel Company's Skyline Mine has earned state recognition with a 2012 Earth Day Award for its outstanding environmental efforts in central Utah.
Northern Lion Gold has declared that the company has commenced a rotary drilling campaign in the Republic of Cyprus. Currently, the company possesses 19 permits over 70 sq. km at the Republic of Cyprus.
Mariana Resources has reported the commencement of a 3,500 m diamond drilling program at the company’s flagship Las Calandrias project.
By G.P. Thomas
24 May 2012
Argus Metals has declared that the company has started the 2,500 m drilling campaign at the Kaituma uranium and gold project, located in North-West Guyana.
By G.P. Thomas
24 May 2012
Over the last five years, shale gas has become a major new source of natural gas supply to theUS market, the largest gas market in the world. Over this time, both gas production and capital investment into shale development have grown considerably, bring this market once dominated by small private companies into the global spotlight.
In a recent report on the Indianapolis 500 and the feasibility of alternative fuels, Brent Schutte, Market Strategist for Harris Private Bank, writes about the promising future of natural gas vehicles to cut costs for American families and racing teams.
Element Six, the world leader in synthetic diamond supermaterials, today announced the opening of its first U.S. manufacturing facility in Silicon Valley. The facility will house employees in the production, technical and customer service fields, and will serve to establish a direct connection to Element Six Technologies Division's customers and partners in the U.S. The company's continued expansion into the U.S. market is in direct response to the growing demand and interest in synthetic diamond for commercial use in advanced technology applications.
ECO (ATLANTIC) OIL AND GAS LTD. is pleased to announce the Company has received an independent Lead Report for blocks "2111B" and "2211A" collectively the "Guy Block" in the Walvis Basin, offshore Namibia, including a (P50) Best Estimate of 9.2 Billion barrels of gross prospective oil. The report was prepared by qualified independent reserves evaluator Gustavson Associates LLC ("Gustavson") of Boulder, Colorado in accordance with National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities ("NI 51-101"). This report complements the Leads Reports on Eco Atlantic's other offshore blocks in the Walvis Basin, ("Sharon" and "Cooper") bringing the Company's total best estimate prospective resources offshore Namibia to approximately 18 Billion barrels.