Tasmania’s Beaconsfield underground mine is to shut down next year. The Chief Executive Officer of BCD Resources, Pert Thompson, said that the company had decided to close the gold mine as it was not economically viable to mine below the current depth of 1210 meters at today’s gold prices.
By Joel Scanlon
11 Dec 2011
At the Quebec Lithium project being developed by Canada Lithium the last 43-101 report brought a mixed bag of results.
By Joel Scanlon
11 Dec 2011
Brazilian mining giant Vale SA is in negotiations with its customers ArcelorMittal and China Steel Corp. in a bid to reduce contract prices. The two steel makers have been asking the company to modify its pricing system.
Teranga Gold Corp reported that it expects a lower output of gold at its Senegal mine. The Sabodala Gold mine in Senegal in West Africa is facing drilling and loading issues as it struggles to get access to the higher grade zones.
By Joel Scanlon
11 Dec 2011
Robex Resources has commenced the drill program again to the southern part of Lens 100, which is located on the Mininko permit, Mali.
Imperial Metals has announced that the exploration drilling at Gully zone has shown the expansion of the mineralized system to at least 1 km to the present Red Chris project’s western part pit design.
Riverstone Resources has announced the results from an additional 21 reverse circulation (RC) holes drilled at the Goulagou I zone, which is in the Karma gold project in West Africa.
By Joel Scanlon
9 Dec 2011
Canarc Resource has outlined two geochemical soil anomalies containing gold and silver at the Windfall Hills project, which is situated 90 km to the northwest portion of Blackwater-Davidson gold discovery and 65 km to the southern part of Burns Lake.
Northern Lion Gold has begun the aerial geophysical survey at its western permits, located in the Republic of Cyprus. Geotech Airborne Malta has been engaged by the company to conduct a versatile time-domain electromagnetic (VTEM) helicopter-borne geophysical survey at line spacings of 100 m for 850 line-km and will also enclose 80 sq. km.
NMC Resource has reported that the three exploration holes located at the NMC Moland mine has assisted the presence of the high-grade mineralization of molybdenite to the western parts of the current deposit. Additional drilling is needed to appraise the extentl of mineralization towards the west part.
Archean Star Resources has completed the initial diamond drill hole and is drilling the second hole, TB007, during the ongoing diamond drilling campaign at the Turnberry zone, which is located in the Gnaweeda gold project in Western Australia.
By Joel Scanlon
8 Dec 2011
Endeavour Silver has reported that the exploration drilling continues to cut high-grade gold and silver at the Daniela vein of the Lucero South region of the company’s Guanajuato Mines project, Mexico.
Calibre Mining has reported the phase II resource delineation drill campaign results from the Riscos de Oro project, which is an epithermal gold-silver project in the Borosi Concessions, northeast Nicaragua.
The shares in Iron Ore Holdings Ltd rose this week after the company announced that it had made a significant magnetite discovery in the Pilbara region in Australia.
By Joel Scanlon
7 Dec 2011
The new underground copper mine near Cloncurry, Queensland, Australia being developed by Xstrata saw work commence this week. The previous open cut mining site is being converted into an underground operation in a bid to extend the life of the mine until 2024.
By Joel Scanlon
7 Dec 2011