More mining records were set by St Andrew Goldfields as they announced a record 22,350 ounces of gold for the last quarter of 2011. This is a 12% increase in the production of gold from the third quarter of 2011.
Energy Resources of Australia has forewarned of a drop in production levels due to flooding in the Ranger pit in the Northern Territory. ERA said that the rainfall flooding has prevented it from accessing high grade ore.
Metals Creek Resources reports the assay results of four diamond drill holes located at the Ogden property’s Naybob south zone. These holes examined shallow mineralization in this property.
By Joel Scanlon
13 Jan 2012
Elissa Resources has started the drill program at its Thor heavy and light rare earth element (REE) project, Nevada. The Lopez trend will be targeted by numerous diamond core drill holes.
By Joel Scanlon
13 Jan 2012
Typhoon Exploration has obtained results from 11 holes drilled at the Fayolle project, during the exploration program in 2011. Aurizon Mines may possibly purchase a 50% interest in the project and is performing work that is valued at $10 million.
By Joel Scanlon
13 Jan 2012
Grange Resources Limited has decided to go ahead with a definitive feasibility study at its Southdown iron ore project as its mineral resource estimate has grown to 698 million tones. The resource estimate is the result of a drilling program that was undertaken a year ago.
Vale the largest producer of iron ore in the world had said that it will lose 2 million metric tons of iron ore due to the heavy rains that are plaguing three states of Brazil. The mining giant has declared force majeure on iron ore shipments.
Australian company Capital Gold Pty Ltd has signed a deal yesterday with Dizon Copper Silver Mines Inc. for the recovery of 110 million tons of gold and copper in its tailings dam in San Marcelino, Zambales in the Philippines.
By Joel Scanlon
12 Jan 2012
Integra Mining Limited has released the assays of the follow up diamond drilling at its Imperial prospect. The assays returned high grade gold copper intersections at 6.2 meters at 13.43 grams per tonne of gold and 1.5% of copper.
By Joel Scanlon
12 Jan 2012
Angel Mining gained a record 15.8% on the stock market when its gold producing mine Nalunaq announced that it had recorded its best daily production to date on Wednesday. The largest gold pour at the time was of 517.8 ounces.
By Joel Scanlon
12 Jan 2012
Hecla Mining Company is planning to cut 200 jobs at its Lucky Friday silver mine in Idaho. The mine has been shut down for a year by federal investigators. The accident prone mine has caused the company shares to fall 23% to a two year low of $4.25 on Wednesday.
Zone Resources has reported the drilling results of the hole ZR11-08 drilled at the Girard iron ore property in North Québec. The company cut iron formation in the hole, including 35.77% iron over 243.00 m.
By Joel Scanlon
12 Jan 2012
Alderon Iron Ore has started the winter drill program of 2012 at the Kamistiatusset (Kami) iron ore project in West Labrador.
By Joel Scanlon
12 Jan 2012
Entrée Gold has obtained final work results from the Shivee West project in Mongolia. The company performed the work on the Zone III epithermal shallow gold target and the northern portion was extended.
By Joel Scanlon
12 Jan 2012
Edgewater Exploration has reported additional drill results for its fully owned Corcoesto Gold Project in Northwest Spain.
By Joel Scanlon
12 Jan 2012