The Graystone Company announced today its results from the Company's recently completed assay results. The Company sent a sample of gold ore from Peru to an independent refinery in Los Angeles, CA to perform an assay on the sample. The assay indicated that the sample contained 84.7% gold. Based on this testing the Company expects to be able to sell its currently producing gold ore from Peru at $1,374 per gross ounce. The Company sells gold based on the London Fix PM Price.
Gold Bullion Development Corp.is pleased to announce additional drill results from several holes located throughout the mineralized area of the Granada Gold Property. The subject property is located along the prolific Cadillac trend in northwestern Quebec, 5 km south of the city of Rouyn-Noranda.
The completion of drill hole CDM 003 at Santa Cecilia highlights significant mineralization, with assays showing 0.20 g/t gold and 0.41% copper equivalent.
As a result of strong oil prices and technology advances making domestic shale resources accessible, the US oil and gas industry had a banner year for growth across several categories. Combined exploration and development spending increased 38% in 2011, according to Ernst & Young's annual US E&P benchmark study. Oil reserves grew by 9%, or 1.7 billion barrels, in 2011, while oil production increased 3%. Gas reserves and production rose 4% and 9%, respectively in 2011. Oil and gas revenues experienced 23% growth in 2011.
Kootenay Silver and Pinecrest Resources have announced results from the phase I drill program carried out at the Espiritu polymetallic vein/breccia project located in Mexico.
By G.P. Thomas
19 Jun 2012
Strata Minerals Inc. is pleased to announce that the Government of Western Australia Department of Mines and Petroleum has approved a grant to the Company in the amount of AUD $150,000.
Stephen M Smith who is the managing member at Smith McKenna, LLC has been following silver for decades. He argues that a silver investment is actually a better choice for investors over gold right now, for the very reason that some choose to ignore it. Silver has very large ties to industrial uses and is heavily influenced by supply and demand. Because of this and the constant advancements for its applications, investing in silver now before the global manufacturing machine kicks into overdrive, means higher potential gains by investors.
Santa Fe Gold Corporation is pleased to report that production levels have continued to increase at its Summit silver-gold mine in southwest New Mexico. The company anticipates the mine will reach its targeted monthly production rate of 10,000 tons beginning June 2012. Production for April and May averaged 8,262 tons per month, up 88% from the 4,400 tons mined in March. Delivery of new mining equipment including underground loaders, drills and trucks is expected to facilitate sustained mining rates. Revenues are expected to continue to increase during 2012 and 2013 as the mine reaches higher grade portions of the ore body.
PetroFrontier Corp. ("PetroFrontier") is pleased to announce that its wholly-owned subsidiary, PetroFrontier (Australia) Pty Ltd. has completed the earning of a 50% working interest in EP 127 and EP 128 (Northern Territory, Australia) pursuant to its previously announced farm-in agreement with Baraka Energy & Resources Limited (formerly Baraka Petroleum Limited). This earning will increase PetroFrontier's working interest in EP 127 and EP 128 to 75% from 25% in 7.9 million gross undeveloped exploratory acres (5.9 million net).
Nova Mining Corp. announced today that the Company has moved to secure valuable Lithium supplies by executing a Letter of Intent with Mongolian National Mining Consultants Limited (MNMC) for the exclusive right to purchase 100% of the Lithium produced from MNMC mining properties at a discount to market price. As part of the deal, Nova Mining will have the right to perform Due Diligence, prior to both parties negotiating a Definitive Mineral Production Agreement.
Even as emerging mining company GTSO Resources, a wholly owned subsidiary of Green Technology Solutions, works to develop new tungsten mining projects as far away as Africa, the company is also exploring a new way to extract rare and valuable minerals much closer to home through a process known as "urban mining."
Over the past 25 years, New York and New Jersey area BP station owners have provided over $2.5 million in scholarships to more than 1,700 promising students. This year, 185 local BP station owners will present a BP Fueling Communities grant donation of $100,000 that will provide 50 students with college scholarships for the 2012-2013 academic school year.
Amarc Resources Ltd. announces assay results from a further 20 delineation drill holes completed at the Newton gold discovery, south-central British Columbia. The new results from the Newton bulk tonnage gold system bring the total number of holes with important gold intercepts to 67. Delineation drilling of the Newton gold discovery commenced in late September 2011 and has progressed rapidly, with the completion of approximately 16,000 metres in 45 diamond drill holes (holes 11044 to 12088). Total drilling of the Newton deposit is now approximately 23,300 metres in 72 holes.
Enhanced Oil Resources has provided updates related to its operations for June. According to the earlier reports, the company intends expanding production and reserves via infill drilling at the Roosevelt County, New Mexico-based Milnesand oil field.
By G.P. Thomas
18 Jun 2012
Cardero Resource has reported that it has received preliminary drilling results from the phase I program carried out at its Sheini Hills Iron Project located in Ghana.