Peel Mining Limited, an Australian company focused on exploring and developing precious, base and specialty metals, has announced that the resource estimate for its Apollo Hill Gold Project is up by 48% after a recent diamond drilling program as compared to the previous estimate of gold resources at the project given in December 2010.
By Joel Scanlon
11 Sep 2011
Pilot Gold Inc. said in a statement that it had found a new bulk tonnage style gold discovery at the Viper Project in north east Elko County in Nevada. The first five drill holes have intersected a widespread sediment hosted, oxide gold and silver mineralization.
By Joel Scanlon
11 Sep 2011
The precious metal gold may not be native to earth but have come from outer space and merged in the core. The geologists at the University of Bristol have put forth a theory that a mammoth meteorite shower over four billion years ago is what brought the precious metals gold and platinum to earth.
By Joel Scanlon
11 Sep 2011
Condor Resources has received the positive results of the reconnaissance sampling program performed at its San Martin sediment property in south Peru.
Orestone Mining has reported the resistivity or induced polarization (IP) survey results from the Captain Porphyry project, containing gold and copper mineralization, situated about 30 km to the southern portion of the Mt. Milligan deposit and to the northern part of Fort St. James in BC.
By Joel Scanlon
9 Sep 2011
Pancontinental Uranium (Pancon) and Crossland Uranium Mines (Crossland) have begun a drill campaign, including 100 RAB holes, at the Buchanan Window prospect that is located in the Chilling project, Australia.
By Joel Scanlon
9 Sep 2011
Evrim Resources has moved the drill team to the Suaqui Verde copper project located in Sonora, Mexico. Inmet Mining, exploration funding associate of Evrim, has scheduled to drill 4,700 m, 12 holes in total.
By Joel Scanlon
9 Sep 2011
San Marco Resources has announced major trenching results from its Tecomate property located in Mexico.
Firebird Resources has reported the second hole results from the ongoing drill campaign at its Buzzard project in South Carolina.
By Joel Scanlon
9 Sep 2011
Columbus Silver Corporation saw its stock jump up by nearly 60% as news that it was to be acquired by US based company Santa Fe Gold Corporation for $10 million came to light. The all cash deal will see Santa Fe pay 20 cents per share for the 36 million shares of the Vancouver based Columbus Silver Corp.
By Joel Scanlon
8 Sep 2011
Barrick Gold said that it had found two significant gold discoveries in the state of Nevada. The two discoveries are called Red Hill and Goldrush. They are located 6 km south east of the Cortez Hills mine and 24 km south east of the Pipeline mine. The largest gold producer in the world is now trying to rebuild its focus on gold even as it makes headway into copper mining.
The Copper Mountain Mining Corporation announced that it had completed loading its first shipment of concentrate to Japan from the Copper Mountain Mine.
By Joel Scanlon
8 Sep 2011
Mining mergers and acquisitions have had a strong start this year but are expected to now slow down. Global mining deals in the first six months of 2011 were worth $71 billion and encompassed 1,379 mining mergers and acquisitions.
By Joel Scanlon
8 Sep 2011
The managing director of Rio Tinto Australia, David Peever said that the federal government’s opinion that only ‘gassy’ coal mines needed carbon tax relief and non-gassy mines would be unaffected by the carbon tax was not viable.
By Joel Scanlon
8 Sep 2011
PetroWorth Resources, based in Canada, has inked a farm-in agreement with Pine Petroleum, which is based in Calgary, for drilling an oil prospect in south Alberta.
By Joel Scanlon
8 Sep 2011