The drilling program at the Twin Bonanza Gold Camp Project owned by ABM Resources is proceeding very well. The results from the Buccaneer Porphyry Gold Deposit have shown significant gold intersection of 0.52 grams per tonne over 427 meters.
By Joel Scanlon
1 Aug 2011
The second quarter earnings of Lundin Mining Corporation have shown an increase of 36% from the corresponding period last year. However this was less than what the company expected. The lower earnings were a result of poor ore grades at their Portugal and Sweden based mines.
There are no plans to lift the uranium mining ban by the New South Wales Government in the state. Energy and Resources Minister Chris Hartcher and the Australian Uranium Association had a meeting in June but were unable to budge the ban.
By Joel Scanlon
1 Aug 2011
Eastmain Mines is currently performing a 15,000 m drilling campaign at the Eastmain Mine property, which is situated in James Bay, Québec.
By Joel Scanlon
1 Aug 2011
Brookemont Capital (BKT) has announced about the site visit of its field manager at the recently explored 4.5 km arsenic soil sampling geochem anomaly, located at the Tanzanian property contagious to the north of Magambazi Prospecting License of Canaco.
By Joel Scanlon
1 Aug 2011
Bannerman Resources has received an Environmental Clearance notice from the Namibian Ministry of Environment and Tourism for the Etango Uranium Project. The company was waiting for the approval for its linear infrastructure proposal.
Diamond sales in India, China and the Middle East are responsible for a 30% rise in total global sales of the precious stone. As per diamond giant De Beers the last six months saw the price of diamonds go up by 35% as well. There seems to be no stopping diamond sales over the coming months as well as per analysts.
By Joel Scanlon
31 Jul 2011
Chinese shipping companies don’t want Brazilian company Vale SA to expand its own iron ore fleet. Vale has plans to spend $2.3 billion on building the largest iron ore carriers in the world that will help them haul steel making materials to China.
Otish Energy has reported results from the rock sample assay from its Guyana-based Puruni gold project, which is located in the Mazaruni Mining District.
By Joel Scanlon
30 Jul 2011
Seafield Resources has moved a third diamond drill rig at the Quinchia Project in Colombia. This drill rig will be employed to additionally accelerate the ongoing phase II drilling program at the Miraflores target of the company.
By Joel Scanlon
30 Jul 2011
Teras Resources has received the assay results of five recent holes from the 14 hole diamond drilling campaign at the Cahuilla gold-silver project in California.
Macusani Yellowcake has released further drilling results from the Chilcuno Chico region at the Kihitian Property in Peru. These drilling results sustain the expansion of the deeper Manto B zone.
By Joel Scanlon
30 Jul 2011
Central Iron Ore has begun the field mapping and sampling at its Yilgarn iron ore project (Yilgarn IOP).
Santa Fe Metals is currently conducting work at the Don Indio claims silver-copper-lead-zinc property, which is situated in Coahuila, Mexico.
By Joel Scanlon
29 Jul 2011
Cadillac Ventures has reported the results of four holes, which were drilled at the K1-1 deposit.
By Joel Scanlon
29 Jul 2011