Red 5 Limited, an Australian listed mining company has made a production output forecast of 850,000 ounces of gold over a period of 11 years from the Siana project.
Nevada Gold Corp. has restarted production at its Nevada mine. The Jerrit Canyon gold mining operation in the state had been shut down for installation of new equipment and other maintenance issues since January 6, 2012.
By Joel Scanlon
7 Feb 2012
Premier Gold Mines hopes to acquire two patented claim groups situated in the East Bay ultramafic trend in Red Lake. Both claim groups are close to the Footwall Zone on the East Bay Project. This is an active joint venture that the company runs with partner Red Lake Gold Mines.
Brazil’s Vale SA is restarting work at its Ontario mines after suspending operations last week following the death of a mine worker.
White Tiger Gold has announced the commencement of Long Hole ore production at Lamaque from the North Wall mines.
By Joel Scanlon
7 Feb 2012
Xcite Energy, a fully owned subsidiary of Xcite Energy Resources, has announced that its existing rig contract with British American Offshore, a subsidiary of Rowan Companies has been amended.
By Joel Scanlon
7 Feb 2012
Minco Gold has provided an update on the Tugurige Gold Project. The company had earlier announced that it had entered into a joint venture with 208 Exploration Team, which is a subsidiary of China National Nuclear Corporation through its own 100% subsidiary Minco Mining.
By Joel Scanlon
7 Feb 2012
UK based Cluff Gold has announced that it has entered into a conditional sale and purchase agreement with Orezone Gold Corporation to acquire all the licenses and related property of the Sega Gold Project owned by Orezone Gold, which is located at a distance of 20km from the Kalsaka project owned by Cuff Gold in Burkina Faso.
By Joel Scanlon
7 Feb 2012
Regal Resources has signed a definitive purchase agreement with Minquest based in Reno Nevada to fully acquire the Patagonia/Sunnyside project. As per the agreement, Regal Resources will pay a total sum of $800,000 out of which $100,000 will be paid as a non-refundable deposit within three working days of signing the agreement.
By Joel Scanlon
7 Feb 2012
Canadian explorer and producer of gold, Alhambra Resources has announced that it has completed remote sensing and magnetic surveys on an area covering 1,360 km² on the Dombraly-Shirotnaia trend, which is located at the South eastern section of the Uzboy Project area.
By Joel Scanlon
7 Feb 2012
Harvest Natural Resources, a Texas-based independent energy company, has declared that the Al Ghubar North-1 (AGN-1) exploration well located onshore Oman has been drilled to 10,482 ft of total depth (TD).
By Joel Scanlon
7 Feb 2012
C&C Energia has completed and examined the Neme Formation that is located in the Cachalote-1 well in Colombia. The well will be abandoned. Neme sandstone was intercepted for 271 ft in the Cachalote-1 well.
By Joel Scanlon
7 Feb 2012
According to the new research, the mining industry gets a world-first technology for the miners’ safety and better health, enhanced ecological benefits and usage of energy, and production efficiencies.
A development stage mining and exploration company, Solo International has announced the expansion of the Quebec REE project by 60 ha. The additional hectares lie adjacent to Solo International’s Philadelphia Prospect.
By Joel Scanlon
7 Feb 2012
Tigray Resources, a Canadian mineral exploration company has released the report on the diamond drill project at Terakimti. It is part of Tigray’s Harvest Project, a 70 % owned venture with Ethiopian company Ezana Mining Development and spans over six concessions in Ethiopia.
By Joel Scanlon
7 Feb 2012