Beowulf Mining is optimistic about its flagship project in Sweden. The Kallak South and Kallak North exploration drilling program have shown interesting and positive assay results. Bewoulfe Mining says it is greatly encouraged by the results of the drilling at the large iron ore resource.
Rusoro Mining Ltd will be transferring its assets to a joint venture with a state owned company as a partner as Venezuela nationalizes gold mining. The company is the only publicly traded gold miner in the country. The nationalization of gold was announced by President Hugo Chavez this month.
The Northern Dynasty Minerals Ltd company has put its 50% stake in a copper and gold deposit in Alaska up for sale.
There will be a rise in the demand for the products and services that are employed in the development of shale gas to $52 billion during 2015, as the industrial activity persists in shooting up in the budding Fayetteville, Marcellus, Haynesville shale plays.
By Joel Scanlon
31 Aug 2011
International PBX Ventures (PBX) has updated the phase I diamond drilling campaign, totaling 5,000 m, at its Copaquire porphyry property, which has copper and molybdenum mineralization, in northern Chile.
By Joel Scanlon
31 Aug 2011
Sundance Energy has secured the licenses to drill at six sites, where two sites are situated at its Muskowekwan First Nation Permit and four locations are present at its Ochapowace First Nation Permit in southeast Saskatchewan.
By Joel Scanlon
31 Aug 2011
Wolverine Minerals has commenced a trenching program at the recently identified DDD north zone present in the Dawson range of Yukon.
By Joel Scanlon
31 Aug 2011
Zone Resources has reported that the Ontario-based Discovery Diamond Drilling has moved a drill rig to the Labrador Trough for commencing the diamond drill program at the Zone Land Package.
By Joel Scanlon
31 Aug 2011
The Romanian government is looking to revive mining at Rosia Montana which is said to be the largest gold and silver resource in Europe. However there is considerable opposition to the plans for open pit mines in the region as it will destroy ancient heritage sites and the present day environment.
By Joel Scanlon
30 Aug 2011
Woulfe Mining Corporation has decided to speed up the evaluation of the Muguk gold mine in South Korea. The mine was closed in 1997 due to a low gold not making it a viable mining operation. It is now being revived by the company.
By Joel Scanlon
30 Aug 2011
The Royal Canadian Mounted Police (RCMP) are investigating a Calgary based mining company for bribery allegations in Mexico. The Blackfire Exploration Ltd company is said to have made monthly ‘pay offs’ to the local mayor for a mine they operate in the Mexican state of Chiapas, to prevent protestors from interrupting the mining operations.
By Joel Scanlon
30 Aug 2011
Uranium explorer Australian-American Mining is facing an aggressive campaign run by Canadian firm Crosshair Exploration & Mining. The Canadian company has been trying to swap Australian-American Mining‘s North American uranium leases for a pile of Crosshair Exploration & Mining’s stock.
By Joel Scanlon
30 Aug 2011
Resolute Mining has announced a net profit of $61.39 million for the year ending June 30, 2011. The company has made an impressive comeback over the last 12 months compared to the $37.17 million loss that it reported in the previous year.
Argus Metals has completed the Phase I reconnaissance program at the "core" 60 sq. km claim block of the Iron King project. The company has discovered long iron magnetite outcrops trend of 2 km in the west part of the project along with a central iron unit, which is mapped to having a true width of 25 m over >300 m.
By Joel Scanlon
30 Aug 2011
Cougar Oil and Gas Canada has purchased a further three land sections at an Alberta Provincial Government land sale.
By Joel Scanlon
30 Aug 2011