Creso Exploration has proclaimed the results of eight drill holes, 1393 m in total, from the Matona, Tyrrell, Porphyry Lake and Hare Lake options at the Shining Tree district.
By Joel Scanlon
19 Aug 2011
Diamonds North Resources has commenced the 2011 exploration campaign at the Hepburn property, which is situated in the Northwest Territories.
Teslin River Resources has completed a reverse circulation (RC) drilling program at the Mustang property, which is situated 20 mi southeast of Gabbs in Nevada.
By Joel Scanlon
19 Aug 2011
Castle Resources is a junior mineral development firm based in Toronto and focuses on advanced and high-quality projects.
By Joel Scanlon
19 Aug 2011
Advanced Explorations (AEI) has reported the additional drilling results from the Tuktu iron ore project, which is situated in Nunavut, Canada.
By Joel Scanlon
19 Aug 2011
Aben Resources has begun a Phase I diamond drilling program, totaling 2,000 m, at its 4,114 acre Justin gold project, located in western Yukon.
By Joel Scanlon
19 Aug 2011
The next time you look at the flame of a candle think about tiny diamond particles that contribute to its brilliance. As per Dr Wuzong Zhou from the St Andrews University there are 1.5 million diamond nanoparticles in a candle’s flame. A fact that the Chinese who invented the first candle more than 2,000 years ago could not have possibly known.
By Joel Scanlon
18 Aug 2011
There is a considerable dependence at present for Rare Earth Elements (REEs) on China at present. Given that it supplies more than 95% of the world’s needs that is hardly surprising. However the dependence on China may be on the decline as many nations struggle to develop their own resources to diminish the hold of the Chinese monopoly on these rare elements.
By Joel Scanlon
18 Aug 2011
The government of Namibia has withdrawn its proposed mining tax hike. Earlier in the year the Namibian government had announced a proposal to raise the mining tax rate to 44% from its current rate of 37.5 %. The Deputy Finance Minister of Namibia, Calle Schlettwein, said that the proposal had been withdrawn to increase the corporate tax on mining companies.
By Joel Scanlon
18 Aug 2011
Compass Gold Corp is planning to buying out the 49% of a gold mining operation called Africa Mining SARL from Transocean Finance Pty Ltd. and Madani Diallo. Compass Gold will swap 30 million units of common shares and purchase warrants for the 49% stake in Africa Mining.
The president of Venezuela Hugo Chavez has told his government to repatriate $11 billion in gold bullion to safeguard the nation from global economic crisis. The gold is currently held in banks in the U.S and Europe. The president also said that he would nationalize the local gold industry to help the economic situation.
By Joel Scanlon
18 Aug 2011
Nevada Copper has reported further encouraging step-out drilling results from the Pumpkin Hollow property in Nevada.
Alta Mining, a subsidiary of Fortune Oil and Gas, has begun the 2011 exploration campaign at the SGH property, which is situated in Slocan, Canada.
By Joel Scanlon
18 Aug 2011
Quantum Rare Earth Developments declared on Tuesday that it has found encouraging assay results at 2 holes from the spring / summer 2011 exploration program at its Elk Creek property. The Elk Creek project is located in south-eastern Nebraska.
By Joel Scanlon
17 Aug 2011
Lake Shore Gold has received promising results from the drilling exploration program at its Bell Creek property near Timmins, Ontario. The Canadian mineral exploration company is registered on the Toronto Stock Exchange and owns 100% of the property
By Joel Scanlon
17 Aug 2011