The Viking Management and the Technical team of Viking Minerals have finished a detailed review of the data gathered from its Dolly Varden Gold and Copper property located in Elko County Nevada. Early results of the review necessitate investment and assertive exploration.
By Joel Scanlon
18 Jul 2011
Breitling Oil and Gas, an Irving-based self-governing exploration and production firm in Texas, has spudded the Breitling-Buffalo Run #1H in Hemphill County.
By Joel Scanlon
18 Jul 2011
UraStar Energy has signed a letter of intent (LOI) with Mosquito Consolidated Gold Mines to acquire the BlackPoint gold-silver project. This project includes 896 A and is situated in the Battle Mountain-Eureka gold trend and 7 km north of the Eureka town in Nevada.
By Joel Scanlon
18 Jul 2011
Lucara Diamond is advancing the AK6 diamond mine construction located in Botswana, on time and has completed more than 60% of construction. The South Africa steel industry’s ongoing industrial action has delayed the delivery of steel for the project.
Caribou Copper Resources and Alix Resources have begun the drilling program at the Corky property, which is situated 125 km northwest of Haines Junction in Yukon’s Whitehorse Mining District.
By Joel Scanlon
18 Jul 2011
Lincoln Mining has commenced the core drilling program at its Mexico-based La Bufa project. The drilling program of about 4,500 to 5,000 m will be continuing for a few more months at the property’s northwest part.
Mineracao Usiminas, the iron-ore unit of Brazilian steelmaker Usinas Siderurgicas de Minas Gerais SA has leased mining rights from MBL Materiais Basicos. Mineracao Usiminas has also compiled an iron ore stockpile that will let it meet its iron ore production target.
By Joel Scanlon
17 Jul 2011
The Fortescue Metals Group is now considering a listing on the Hong Kong or Shanghai stock exchanges as per its Chief Executive officer Andrew Forrest. The third largest iron ore mining firm in Australia has decided that it would be the best way to cement ties with steel mills in China.
AngloGold Ashanti has decided to sell about 390,000 square meters of its Savuka mining area to Blyvooruitzicht Gold Mining. The deal will bring cash to the tune of 35 million Rand (US$5.1 million) allowing the company to deal with their operating cash flow problems in the distressed DRDGold unit.
By Joel Scanlon
17 Jul 2011
Northgate Minerals Corp. and Primero Mining Corp. decided on merging to resolve problems on both sides. Northgate Minerals will give 1.5 shares for each share of Primero Mining. The share exchange will be worth Canadian $370 million. The combined market capitalization of the new company will be approximately Canadian $1.2 billion.
By Joel Scanlon
17 Jul 2011
Advanced Explorations (AEI) has reported the preliminary drilling results from its Tuktu iron project, which is situated in Nunavut, Canada.
By Joel Scanlon
16 Jul 2011
Argentex Mining has received further drilling results from the newly completed 2011 exploration at the Pinguino project, which is situated in Argentina’s Santa Cruz province.
By Joel Scanlon
16 Jul 2011
Magellan Minerals has declared the beginning of primary reconnaissance drilling at several targets in the western Brazil-based Mato Grosso JV gold project.
By Joel Scanlon
16 Jul 2011
Empire Mining has reported the initial underground diamond drilling results from the Bulqiza chromite project in Albania.
By Joel Scanlon
16 Jul 2011
Crosshair Exploration & Mining has started a drilling program at both the CMB Joint Venture (CMB JV) uranium project and CMB uranium-vanadium project, which is situated in Canada.
By Joel Scanlon
16 Jul 2011