Wildcat Silver has released two additional step-out hole results from its Hermosa property in Santa Cruz County, Arizona.
By Joel Scanlon
27 Apr 2011
Mart Resources, Midwestern Oil and Gas and SunTrust Oil have announced positive preliminary assay results from the first zone at UMU-7 well, which is situated in the Umusadege field, onshore Nigeria.
By Joel Scanlon
27 Apr 2011
Estrella Gold has begun a 2,500 meter core drilling program at its Pucarana gold project in southern Peru.
By Joel Scanlon
27 Apr 2011
The Minnesota Department of Natural Resources is to begin an action of 621 parcels of land for mineral leases on Thursday. This is in spite of landowner concerns regarding the issue. The opponents of the process feel that the state is allowing too much prospecting too fast and there may be severe repercussions.
By Joel Scanlon
26 Apr 2011
Crowflight Minerals said that it had received permission from the Mine Safety Branch of the Manitoba Government to resume its operations at the Bucko Lake Nickel Mine on April 22, 2011.
By Joel Scanlon
26 Apr 2011
The ban on sand mining in non-coastal regulatory zone areas of Ratnagiri and Sindhudurg have been lifted for two years. The Ministry of Environment and Forests has announced that the ban was temporarily lifted on Monday. The lifting of the ban will bring relief to builders in the Indian state of Maharashtra who have been facing a shortfall of sand for construction purposes.
By Joel Scanlon
26 Apr 2011
In a bid to diversify and grow Barrick Gold has stepped into the copper market by masterminding a $7.14 billion aquisition of Equinox Minerals. In a move that shook up the mining industry the Canadian miner said that it was planning to expand its potential gold and copper reserves by buying Equinox Minerals on Tuesday. This puts rest to Minmetals’s takeover bid for the company which was of $7.3 billion value.
Wayne Swan the Australian Treasurer said in his weekly economic note that the Budget would be focusing on spending cuts. He said that the government would be required to cut down on expenses as the current mining boom will place inflationary pressures on the economy.
By Joel Scanlon
26 Apr 2011
Torex Gold Resources has stepped out the first drilling at Guajes West deposit on Morelos Gold Project in Mexico and intercepted high-grade gold beyond the northeast resource border.
By Joel Scanlon
26 Apr 2011
Golden Reign Resources has signed an agreement with Canchi Perforaciones de Nicaragua to contract a second drill rig for the San Albino-Murra gold property in Nicaragua.
By Joel Scanlon
26 Apr 2011
Uranium North Resource has signed an agreement with North Arrow Minerals to buy information to explore the Nowyak gold/silver property in Nunavut.
By Joel Scanlon
26 Apr 2011
Quia Resources has entered into a contract for two drill rigs with Mincivil to finish 5,000 metres of drilling at its San Lucas property in Colombia.
By Joel Scanlon
26 Apr 2011
Harte Gold has reported drill hole results from the second batch as a part of its 10,000 metre drilling program at Sugar Zone deposit.
By Joel Scanlon
26 Apr 2011
Paul Knight has been named the global head of the UBS metals and mining group. The Swiss investment bank made the announcement in an internal memorandum.
By Joel Scanlon
25 Apr 2011
Resource Generation (Resgen) is developing South Africa’s largest remaining coal deposit. It announced on Thursday that its joint venture at Ledjada had been granted a 30 year mining right for its Boikarabelo mine in South Africa.
By Joel Scanlon
25 Apr 2011