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
Peel Mining Limited is happy to announce that the follow up drilling that it conducted at the Mallee Bull prospect has intersected more high grade Cobar style polymetallic mineralization. The Perth based mining company began the follow up drilling program in November 2011.
By Joel Scanlon
11 Jan 2012
Weather once again seems to be playing spoilsport in Western Australia as the approaching category two cyclone Heidi led to the precautionary shut down of two mining ports. The Pilbara region had suffered great losses in the mining sector due to heavy rains last year as well.
By Joel Scanlon
11 Jan 2012
Exxaro Resources has launched a $349 million bid for African Iron. The South African company is hoping to gain control of the Australian listed African Iron’s Mayoko iron ore project located in the Democratic Republic of Congo.
LogiCamms has been chosen to conduct the initial phase of upgrade of electrical infrastructure at the Rio Tinto iron ore port assets in Western Australia.
By Joel Scanlon
11 Jan 2012