NuLegacy Gold, an exploration company based at Nevada, announced that it has added a soil gas sampling survey to its current drilling program at its Red Hill Prospect in Nevada. The prospect covers an area of 45 sq mi in Nevada’s Cortez gold trend.
By Joel Scanlon
16 Aug 2011
Oceanic Iron Ore has reported the third set of assays from the 2011 resource verification campaign. The recent assay results continue to associate well with the historic results.
By Joel Scanlon
16 Aug 2011
Cartier Resources has reported latest results from the channel samples, which yielded 83.57 g/t silver, 3.03% copper and 1.63% zinc over 10.0 m in a wider interval taken partly across a fold formation grading 31.84 g/t silver, 1.00% copper and 1.11% zinc over 58.0 m at the Cadillac extension project, which is situated 115 km east of Val-d'Or in Quebec.
Bearing Resources, a Canadian-based company exploring base and precious metals with projects conducted in the Yukon, British Columbia, and Mexico, has declared that the company has signed an option contract with Precipitate Gold, by which Precipitate can gain up to 70% interest in Bearing’s Jay East Property, situated in the Watson Lake mining district at the Yukon Territory.
By Joel Scanlon
16 Aug 2011
Argus Metals is continuing the diamond drilling at the Hyland gold project, which is situated in the Selwyn Basin, Yukon. The company is currently drilling three holes on the SE zone for assaying.
By Joel Scanlon
16 Aug 2011
Bolero Resources is advancing the work campaign at the White Gold prospect. This prospect is situated in Yukon’s White Gold District or Stewart River region that is nearby to the newly proclaimed discoveries by Kinross Gold and Kaminak Gold.
By Joel Scanlon
16 Aug 2011
Habanero Resources has begun the work program at the White Gold prospect, Yukon. The company has contracted Equity Exploration Consultants to conduct the work.
By Joel Scanlon
16 Aug 2011
The Australian listed company UXA Resources has commenced its drilling exploratory program in the Nabarlek North Joint Venture project. The project is located in the Pine Creek, Northern Territory world class uranium province.
By Joel Scanlon
15 Aug 2011
Trans-Tasman Resources Ltd from New Zealand was pleased to announce that its iron sands resource estimate at the off-shore iron ore mineral resource has nearly doubled in size. The second official JORC compliant resource has been signed by an independent geological consultants Golders Associates.
By Joel Scanlon
15 Aug 2011
Legacy Iron Ore has begun its second phase of drilling exploration at the Mt Bevan Iron Ore Project. The deep reverse circulation drilling is to take place at the southern part of the banded iron formation (BIF) covering strike extensions at the 617 million tonne resource.
By Joel Scanlon
15 Aug 2011
The acquisition of Lihir has helped raise Newcrest Mining’s profits by 63%. The company announced a profit of $908 million in the year to the end of June. In comparison the previous year profits were $557 million.
By Joel Scanlon
14 Aug 2011
Cadillac Ventures has commenced its exploratory drilling program at the Burnt Hill project near Fredericton in New Brunswick. The Canadian project is a tin, tungsten and molybdenum project for which phase one of the three planned phases of exploration has begun.
By Joel Scanlon
14 Aug 2011
UQM Technologies has been selected to develop a unique motor that does not make use of rare-earth magnets. It will receive an advance of $3 million from the Department of Energy as part of the $175 million that it gives out for advanced vehicle research.
By Joel Scanlon
14 Aug 2011
Molycorp, Inc. announced its second quarter results with a record net sales of $99.6 million in the quarter. This was contributed to by a 58% increase in sales of rare earth oxides as compared to the previous quarter. The company saw a 314% increase in year over year rare earth alloy sales.
By Joel Scanlon
14 Aug 2011