Benton Resources, a Canada-based junior company, has provided an update on its Sewell-West Timmins property, which is situated 40 km west of Timmins Mine owned by Lakeshore Gold and 60 km west of Timmins in northwestern Ontario.
Fjordland Exploration, a mineral exploration company, announced that Capstone Mining has sanctioned a budget for the Phase 4, 2012 exploration program for the Tak Copper-Gold-Molybdenum project, which is situated roughly 50 km east of Williams Lake.
Metals Creek Resources has declared the assay results of surface grab samples collected from its trenching program on the Stocker and Boot n Hammer zones on its Jackson's Arm property located in Newfoundland.
By Joel Scanlon
13 Feb 2012
Mazorro Resources and Adventure Gold have reported the next set of drill results from the Phase 2 surface diamond drilling program conducted on the Lapaska Gold Property in the Abitibi Greenstone Belt, which is located 20 km towards the east of Val-d'Or, Quebec. Adventure Gold owns the Lapaska Gold Property, which is under option to Mazorro Resources.
By Joel Scanlon
10 Feb 2012
Metals Creek Resources has reported further assays from the 3593 m of diamond drilling conducted at the Ogden gold project in Ontario.
By Joel Scanlon
10 Feb 2012
Netco Silver has provided update on the initial sampling and prospecting program conducted at the Toruel property in Argentina.
By Joel Scanlon
10 Feb 2012
IBC Advanced Alloys (IBC) has announced the receipt of the progress report from the 2011 exploration conducted at its properties in Utah.
Northern Gold Mining has reported the additional assay results of 2,800 m of drilling program, totaling eight diamond drill holes, conducted at Garrcon deposit.
Cap-Ex Ventures has declared the assay results for three holes from the Northwest Zone on the Block 103 iron property situated roughly 30 km northwest of Schefferville’s mining town in Quebec.
By Joel Scanlon
9 Feb 2012
Corvus Gold, a resource exploration company, has released the new drill results from the LMS property located in Alaska. Drilling was performed by First Star Resources in 2011 before returning the LMS property to Corvus.
By Joel Scanlon
9 Feb 2012
The job situation in South Australia has improved in the mining sector with mining contractor Thiess being hired to work on OZ Minerals’ Prominent Hill mine.
Rio Tinto is expanding its iron ore operation in Pilbara and is going to spend $3.4 billion to do so. The Western Australia mining operations are to be boosted to help the company meet the target of a 50% increase in iron ore production.
BHP Billiton has hit record earnings boosted by iron ore production. The mining giant with a highly diversified portfolio that includes iron ore, coal, copper, zinc, diamonds, oil and natural gas has posted a profit of US$9.9 billion for the first half of the 2012 financial year.
The government of Chile is getting ready to promote its lithium mining industry by auctioning new lithium mining contracts. Chile is currently the world’s largest producer of copper and also has a quarter of the world’s known deposits of lithium.
By Joel Scanlon
8 Feb 2012
In a historic decision Xstrata and Glencore International have agreed to a merger forming a new company with a market value of $90 billion.
By Joel Scanlon
8 Feb 2012