Vantex Resources has intersected 0.6 g/t gold over 72 m in the expansion of hole VPE10-15, in the Hendrick division. The location of this gold zone is between the depth of 933 and 1,005 m and it has also cut 2.6 g/t gold over 7.5 m and 1.4 g/t gold over 18 m.
By Joel Scanlon
16 Jun 2011
Willow Creek Enterprises has started drilling at its Hercules gold and silver property that is situated in the Walker Lane Mineral Belt in Nevada.
By Joel Scanlon
16 Jun 2011
Nevada Copper has announced additional encouraging results from the ongoing 20,000 m expansion and step-out drilling program at the Pumpkin Hollow property in Nevada.
Cabo Drilling has received a contract to drill 13,000 m at Ridgemont Iron Ore’s Redford iron ore property, which is situated in Vancouver Island, BC.
By Joel Scanlon
16 Jun 2011
Newcastle Minerals has begun drilling at its Chester Project, which is situated in northwestern Ontario, Canada.
By Joel Scanlon
16 Jun 2011
Ditem Explorations is making progress in the summer exploration program at the Lac Henri property. This exploration at the Lac Henri property will include the rare earth showing that was identified during 2009 and will contain a geological mapping, ground radiometric survey and prospecting with sampling and trenching.
By Joel Scanlon
16 Jun 2011
The Rio Tinto Group has approved the expansion of its iron ore operations in Australia. The company is to invest $676 million over the next six months to profit from ever growing global thirst for iron ore. The funds have been sanctioned to enhance work on port and rail engineering projects in the Pilbara region.
By Joel Scanlon
15 Jun 2011
The Tanzania parliament has approved a five year development plan which includes an Australian inspired super-profit tax for the mining industry. The $27.4 billion development plan hopes to earn revenue from the mineral resources of the nation.
By Joel Scanlon
15 Jun 2011
Kansanshi Mining a subsidiary of First Quantum Minerals operates the largest copper mine in Zambia. The company may spend to the tune of $900 million to increase production at the mine over the next three to four year period as copper prices soar.
By Joel Scanlon
15 Jun 2011
Australian Treasurer Wayne Swan said on Tuesday that the investment needs and demand for capital for the country are set to grow proportionately with the resources boom. For this reason Australia will have huge opportunities for foreign investment. The Treasurer was speaking to the International CEO Forum in Canberra.
By Joel Scanlon
15 Jun 2011
TVI Pacific has announced that Chinese National Petroleum Corporation International Ténéré (CNPCIT), Niger project operator, has started the drilling program at the Facai-1 exploration well.
Skeena Resources has reported the additional assay results of four holes from its ongoing 5,000 m diamond drilling at its Tropico Project in Mexico.
Quia Resources has started drilling at its San Lucas property in Colombia and has reported a ground magnetic survey and a 10 km induced polarization results.
By Joel Scanlon
15 Jun 2011
Harvest Natural Resources has identified oil in the wildcat well Dussafu Ruche Marin-1 (DRM-1), which was drilled in the Dussafu Marin PSC that is located in Gabon’s offshore waters, West Africa.
By Joel Scanlon
15 Jun 2011
Astra Mining, an Australian diversified mining company, has confirmed its intention to list on the Frankfurt Stock Exchange at an Extraordinary General Meeting held today.