Newmont Mining Corp feels that the price of gold may reach $2,300 by 2012. The Chief Executive Officer of Newmont Mining, Richard O’Brien said that the turbulent financial markets will see investors buying gold as a hedge.
Rodinia Lithium has confirmed brine grade and quality using diamond drill results at the Salar de Diablillos Project in Argentina. Diamond drilling has been going on in the project situated in the Salta Province for the lithium brine resource.
By Joel Scanlon
21 Sep 2011
Russia is to help Iran develop a zinc deposit. The Mehdiabad zinc and lead deposit is the largest in the world and an agreement has been reached between the two nations to develop the resource. Deposits at the Mehdiabad reserve, near Yazd in central Iran, amount to 394 million tonnes of zinc, lead and silver.
By Joel Scanlon
21 Sep 2011
Australia’s export earnings from the resources and energy sector are likely to hit a record high of $215 billion as per official forecasts. The Bureau of Resources and Energy Economics forecast in its last quarterly report that a 21% increase was expected in the 2011-2012 export earnings.
By Joel Scanlon
21 Sep 2011
Corvus Gold has updated the completed exploration works at the Terra Project, West Alaska. WestMountain Index Advisor, join venture partner of Corvus, has completed 544 m of drilling, totaling four holes, and validated the additional expansion of the present Ben Vein system, which stays open along strike and at depth, for 200 m towards the northern side.
By Joel Scanlon
21 Sep 2011
Sagebrush Gold has leased 24 mining claims from Centerra Gold. The location of these unpatented mining claims are in the Mt. Springs Mining District, Nevada, and contiguous to the Red Rock 283 claim group, which was purchased by Sagebrush Gold in June, 2011 and began 16,000 ft drilling campaign, totaling 9 holes, in August, 2011.
By Joel Scanlon
21 Sep 2011
IAMGOLD has updated on the rare earth elements (REE) exploration nearby the Niobec niobium mine in Canada. The location of the recognized rare earth element zone (REE zone) is around 1 km to the northern part of the Niobec mine.
Discovery Ventures and Major Drilling Group International have inked a drilling contract. The diamond drill program will be started at the La Sarita Project this week.
By Joel Scanlon
21 Sep 2011
Endeavour Silver has been cutting high-grade gold and silver continuously during the exploration drilling program at the Daniela vein identified recently in the Guanajuato Mines project’s Lucero South region, Mexico.
Sundance Energy has completed its primary well drilling at S.E. Saskatchewan. It has performed drilling, coring, logging and casing of the Ochapowace 06-05-18-3W2M (6-5 well) well to the subsurface at 895 m total depth.
By Joel Scanlon
21 Sep 2011
FLIR ATS thermal imaging cameras are widely used throughout the oil and gas industry as preventative maintenance tools that help spot leaks in tanks, pipelines and facilities thereby improving safety, profitability and minimizing emissions with less risk of business interruption due to actions from regulatory agencies.
China will help get Oakajee back on track but it is angry with Australia over its mining tax issues said Premier Colin Barnett. He signed a draft agreement with the Chinese National Development and Reform Commission on behalf of Western Australia for an investment accord to get the stalled Oakajee port and rail project going again.
By Joel Scanlon
20 Sep 2011
NioGold Mining said that it had discovered two new gold zones in the Marban Block area of its Malartic gold property in the Abitibi region of Quebec.
By Joel Scanlon
20 Sep 2011
Endeavour Mining said on Monday that it had discovered new gold deposits at the Youga gold mine in Burkina Faso during its drilling exploration. The company is already producing gold at the Youga mine in the West African nation.
By Joel Scanlon
20 Sep 2011
President Hugo Chavez has decided that Venezuela will ban the export of gold from the nation as part of the nationalization campaign which he began last month. The statement from the government published in the Official Gazette confirmed this stand.
By Joel Scanlon
20 Sep 2011