Invenio Resources, a Canada-based exploration company, declared that a diamond drilling program will be conducted at the Ganes Creek gold project situated in Southwest Interior Alaska. The drill program has been planned to examine about 1.2 km of the 11.5 km-long Yankee-Ganes Creek gold trend. It will also target the two zones inside the Main Ridge region. The company can earn a 100% interest in the project.
By Joel Scanlon
18 Feb 2012
Condor Resources has declared that it has obtained the second and third diamond drill hole results from the San Martin project in South Peru. The location of the hole SMA-002 was around 80 m towards the northern part of the hole SMA-001, and focused on the continuous depth returning positive silver assays from the surface chip-channel samples.
Calibre Mining has declared that it has received additional results of the phase II delineation diamond drilling preformed at the Riscos de Oro epithermal project in Northeast Nicaragua.
Strait Gold has announced that Teck Peru, a subsidiary of Teck Resources, has given the approval for a primary 15 hole drilling program at its Alicia project in Peru. The total cost of the exploration is $2 million. Based on the results, the company has planned to drill additional 30 holes.
By Joel Scanlon
17 Feb 2012
Nevsun Resources has announced the assay results from the last thirty-five infill holes drilled at the hanging wall copper zone, which is located in its Bisha mining license, Eritrea. The location of the hanging wall copper zone is immediately towards the western part of the Bisha Main deposit.
By Joel Scanlon
17 Feb 2012
Consolidated Goldfields has declared the additional assay results from its reverse circulation (RC) drilling program conducted at the Cahuilla gold-silver project located in Imperial County, California.
By Joel Scanlon
17 Feb 2012
Bonaparte Resources has declared results from the 2011 surface exploration program conducted at its Hooch property in southwest Yukon. This property is located 25 km south-southeast of the Hopper property and 14 km east of the Aishihik Lake road.
By Joel Scanlon
17 Feb 2012
Xstrata is closer to moving ahead with the construction of the $6 billion Wandoan coal project located in Queensland, but is seeking another investor to come onboard project. The mining giant has appointed Macquarie Capital to handle the sale of 20% interest in the project while it waits for a land court ruling on a mining license.
By Joel Scanlon
16 Feb 2012
More than a thousand people showed up at the state Capitol to protest against mountain top removal mining in Kentucky. The Appalachian residents and citizen activists were joined by environmentalists at the “I love Mountains” annual rally.
By Joel Scanlon
16 Feb 2012
The world’s largest mining company BHP Billiton is in trouble in Queensland, Australia. Mine workers are asking for changes in the work conditions as they begin a seven day strike. However both BHP Billiton and the Construction, Forestry, Mining and Energy Union – CFMEU are willing to resume negotiations.
Montero Mining and Exploration announced that it had found a sizable strontium deposit in bastnaesite-bearing carbonatite dikes in the Twiga Zone at its flagship project at Wigu Hill in Tanzania. The company is currently focused on developing its Wigu Hill rare earths project.
By Joel Scanlon
16 Feb 2012
The Kimberly Process’s decision to allow the Marange diamonds to be sold on the global market may be financing more violence. The controversial diamonds have been mined by companies managed by the dreaded police that President Robert Mugabe controls.
By Joel Scanlon
16 Feb 2012
The Australian state of New South Wales has decided to lift a quarter of a century long ban on uranium exploration.
By Joel Scanlon
16 Feb 2012
Metallum Resources declared that it has concluded its four-month bedrock channel sampling and trenching program over its high grade epithermal gold mineralization zone on its M-18 property located in Argentina.
ICN Resources has declared the assay results from the 11 core holes drilled late in 2011 at the Goldfield Bonanza Project, as part of its Phase II drilling program. The project, which has been optioned from Lode Star Gold, is situated in the Goldfield mining locality of Nevada.
By Joel Scanlon
16 Feb 2012