Calibre Mining has obtained the entire assay results from the first two trenches that were dug on the new Primavera prospect, which is a gold-copper prospect located in the Borosi Project, northeast Nicaragua.
Bravada Gold has released the assay results of 10 further reverse-circulation (RC) holes from the present 50-hole drilling campaign that is continuing the near surface oxide mineralization expansion at its Wind Mountain project, Nevada.
By Joel Scanlon
7 Oct 2011
Sierra Iron Ore has obtained the analytical sample results from the new scout drill campaign conducted at its El Creston iron property in Mexico.
By Joel Scanlon
7 Oct 2011
Molycorp Minerals said that it has found rare earth elements in California. The company which owns the rights to mine in Southern California said that three rare earth elements where mineable here. The three rare earth elements they found were dysprosium, terbium and europium.
By Joel Scanlon
6 Oct 2011
AK Steel has taken over a coal company for $36 million as per a statement it released this Tuesday. The American steel company also formed a joint venture with another company to produce iron ore concentrate.
By Joel Scanlon
6 Oct 2011
The Australian Securities Exchange (ASX) is looking at updating its disclosure rules for mining companies when reporting their mineral reserves and resources. As per the ASX the new rule will help make it easier for the mining companies to procure funding for projects in the pipeline.
By Joel Scanlon
6 Oct 2011
Northgate Minerals Corporation announced that assay results from the four diamond drill holes at their Young – Davidson project were favorable. Two holes drilled showed a new Indicated and Inferred Resource estimate of 536,000 and 53,000 ounces, respectively.
By Joel Scanlon
5 Oct 2011
Sundance Resources is likely to accept the takeover offer initiated by Hanlong Mining. The board of directors of Sundance Resources, have endorsed the $1.65 billion takeover plan of the Chinese company.
Former Australian Prime Minister Bob Hawke is hoping to strengthen the ban on mining in Antarctica. He was joined by former French leader Michel Rocard in Tasmania to persuade more nations to join the mining ban. Michel Rocard is the French ambassador for the polar regions.
By Joel Scanlon
5 Oct 2011
The Worldwide Fund for Nature (WWF) has said that toxic mining disasters and industrial accidents are waiting to happen in Eastern Europe. Especially as after a year since the toxic mud spill in Hungary the European Union has been unable to pass any related legislation.
By Joel Scanlon
4 Oct 2011
There was trouble in the Philippines as rebel communists raided 3 mining companies disarming the guards and taking managerial employees hostage briefly.
By Joel Scanlon
4 Oct 2011
Calibre Mining announced the results from two of its ongoing five-trench sampling program on Monday. The exploration is based on its Primavera project in the Borosi property it owns in north eastern Nicaragua. The results of the assays are promising.
West Kirkland Mining has discovered a fresh gold zone at its optioned mineral claims, which is situated between the towns of Matachewan and Kirkland Lake.
By Joel Scanlon
4 Oct 2011
ECR Minerals has got additional 60 days from the date of paying a US$1.3 million of cash to the Unchimé iron ore project’s proprietors in Argentina, to obtain a 70% primary possession interest in the Unchimé project.
By Joel Scanlon
4 Oct 2011
Balmoral Resources has reported that the crews are moving presently to commence the preliminary drill testing program at the gold exploration targets, which is present at the Detour east property in west-central Quebec.
By Joel Scanlon
4 Oct 2011