Lundin Petroleum has completed the drilling at Aldous Major North, which is the exploration well 16/2-9S. The location of the well is in license PL265 at the Norwegian Continental Shelf.
By Joel Scanlon
26 Sep 2011
Medallion Resources Ltd has announced that it would be acquiring existing holdings of the reddish-brown phosphate mineral Monazite that contains rare earth metals as part of its new strategy. Medallion has also decided not to invest more funds into the exploration of the Eden Lake property in Manitoba, Canada.
Indian government-owned NMDC is to buy 50% stake in the Australian Legacy Iron Ore. The Rs 92 crores investment, roughly equal to Australian $19 million, will make it the first Navratna company to get into an overseas project of this magnitude.
By Joel Scanlon
25 Sep 2011
Anglo Asia Mining is keen on increasing its gold production. After the success the company experienced at the Gedabek mine in Azerbaijan, it is now hoping to repeat the process at the neighboring Gosha gold mine. The plan was revealed in a statement made by the company last Thursday.
By Joel Scanlon
25 Sep 2011
Sichuan Hongda Co. Ltd, has signed a deal worth $3 billion for a coal and iron ore mining in Tanzania. The Chinese company is one of many that are seeking a steady supply of raw materials from Africa to support its demand due to industrialization.
By Joel Scanlon
25 Sep 2011
Antioquia Gold has expanded the formations of the El Bolo and Guayabito along the strike and to the depth at the Guayabito deposit, which is situated in the Cisneros project, Colombia.
Columbus Gold has begun the phase II drill program at its Guild project in Nevada. Sniper Resources, a joint venture partner of Columbus Gold, earns 51% interest primarily by starting phased yearly exploration expenses of US$2 million in total by 2012 October.
By Joel Scanlon
23 Sep 2011
Seafield Resources has reported the encouraging results from the preliminary scoping level metallurgical test work performed at the Miraflores property in Colombia.
By Joel Scanlon
23 Sep 2011
NQ Exploration has announced additional results from the summer drilling at its Carheil project. It has cut the Ag1 zone to 295 m of vertical depth through the fourth drill hole CA2011-021 and validated the mineralized zone potential.
By Joel Scanlon
23 Sep 2011
Southern Arc Minerals has got the drilling results of the two primary holes from the Mencanggah prospect, which is located in the West Lombok project, Indonesia.
Quantum Rare Earth Developments has reported the results of the rare earth element (REE) from the remaining two holes drilled during the spring or summer exploration campaign conducted at the Elk Creek Niobium–REE project in the USA.
By Joel Scanlon
22 Sep 2011
The Nova Scotia Department of Energy has given approval to PetroWorth Resources to drill an oil well at the Lake Ainslie Block property, Cape Breton.
By Joel Scanlon
22 Sep 2011
Omagh Minerals, a subsidiary of Galantas Gold, has received large, fresh and strong assay results from the channel sampling program conducted at its Joshua Vein in Omagh, County Tyrone property.
American Petro-Hunter has started drilling the horizontal oil well, NOW-2H, at its North Oklahoma Mississippi project. The service drilling rig has reached onsite and the company has immediately begun the spud program.
By Joel Scanlon
22 Sep 2011
Orex Minerals has reported that LeBel Geophysics and Suomen Malmi Oy (SMOY) are engaged with the follow-up ground surveys, as a result of the completion of the aerial geophysical survey for the 2,500 line-km during July 2011 at the Barsele gold project, Sweden.