Canadian-based energy company, Forum Uranium has declared the results from its 2011 prospecting and sampling program on its Kipawa West project optioned from Aurizon Mines.
Golden Touch Resources has declared that a number of induced polarisation geophysical surveys conducted at the Rubik Gold Project have discovered high priority drill targets.
By Joel Scanlon
3 Feb 2012
Cancana Resources declared that it will begin a geotechnical review, pitting and exploration program on its Valdirao Claim 6. This work will be utilized to complete a NI 43-101 Compliant Report.
By Joel Scanlon
3 Feb 2012
Castle Peak Mining has announced additional assays that have shown a wide anomalous gold halo with high-grade structures of gold. The company completed 36 m of sampling additionally on the hole NKDDH016 situated on the Apankrah target.
By Joel Scanlon
3 Feb 2012
Teras Resources has received additional assays from the reverse circulation (RC) drilling program performed at the Cahuilla project in California.
The government of Ghana has agreed to re-negotiate terms with international mining firms. A seven member team was set up by the Finance Minister Dr Kwabena Duffuor who said a review was necessary as the nation had benefited little from dividends and record world prices of gold.
By Joel Scanlon
2 Feb 2012
Angus Mining (Namibia) Inc has signed an agreement with its joint venture partner, Forsys Metals Corp. The two are developing the Ondundu Gold Project in Namibia. The Canadian based precious metals exploration company is hoping to get good shareholder returns from the development of this asset.
By Joel Scanlon
2 Feb 2012
BHP Billiton is looking to focus on its core business areas and is going to abandon titanium mining. The Australian mining giant is selling its 37% stake in the South African titanium producer, Richards Bay Minerals. There have also been confirmed reports of cut backs that the mining giant has made in nickel ore production as well.
Newmont Mining is in the situation whereby two overseas companies are hoping to buy its coal tenements. The mining company is selling its coal assets in Queensland which are estimated to hold more than 1.2 billion tones of thermal coal.
Richmont Mines has completed a Canadian $10 million worth private placement with Mr. Bob Buchan. The gold industry veteran has been appointed to the Board of Directors of Richmont Mines following the investment made by him and two of his immediate family members.
By Joel Scanlon
2 Feb 2012
El Condor Minerals has commenced the work program for 2012 at the Horden Lake copper project in Quebec.
By Joel Scanlon
2 Feb 2012
La Ronge Gold, a Canada-based gold exploration company has begun the drilling program at the Preview SW gold deposit, which is situated in North Saskatchewan. Drilling at the deposit has been specifically designed to bring the previous resources to the present standards of NI 43-101 and to extend the mineralized zones at depth and along strike.
By Joel Scanlon
2 Feb 2012
Paramount Gold and Silver, a U.S. based exploration and development company, has announced the latest assay results from the core drilling program, which is being conducted at its San Miguel Project in Mexico.
By Joel Scanlon
2 Feb 2012
Canadian-based public company, Brazilian Gold has announced the assay results for the last 11 holes of the 2010 drilling program conducted on the Surubim project (Jau target), which is located in northern Brazil’s Tapajós region.
Compañía de Minas Buenaventura S.A.A , a Peruvian company, and Alturas Minerals have signed a four-year option agreement relating to Alturas’ Ccaccapaqui gold-silver property located in southern Peru.
By Joel Scanlon
2 Feb 2012