Alexandria Minerals Corporation (TSX-V: AZX) (Frankfurt: A9D) reports today that it has intersected 1.38 g/t Au over 31.50 m (22.27 m True Width) in diamond drill hole IAX-10-112 at less than 100 m vertical depth on its Akasaba project, Val d'Or, Quebec, as part of its drilling programme aiming to delineate shallow resources on the gold-silver project.
The management of Arianne Resources Inc. (TSX VENTURE:DAN)(FRANKFURT:JE9N)(OTCBB:DRRSF) has provided the following operational update of its work on the Paul Zone, one of two main deposits of Lac à Paul Phosphate Project. The mineralized zone is identified as having a length of 1,200m by 200m wide and remains open to a vertical depth of 400 m.
Avocet Mining has said that the year ending December 31 has seen a pre-tax profit of $33.55 million. They reported this exceptional increase of 221% as the prices of gold rose and so did their output in 2010.
The South Australian government is considering different options to preserve the Arkaroola Wilderness Sanctuary, one of which may be a ban on mining in the area.
By Joel Scanlon
23 Feb 2011
Panama's Ngöbe-Buglé indigenous groups are protesting against open pit mining. Large groups blocked the Pan-American highway to protest mining laws that don't forbid exploiting mineral reserves in indigenous areas. The Cerro Colorado mine, on Ngöbe-Buglé territory, is thought to contain one of the world's largest copper reserves.
By Joel Scanlon
23 Feb 2011
Glenn Stevens, the Reserve Bank governor, warned Australians that the mining boom would not last forever and they need to save for the time when commodity prices will fall.
By Dr. Cameron Chai
23 Feb 2011
A cyclone of the north west mining coast of Australia has brought damage to homes and closure to offshore oil rigs. Ports handling iron ore exports have also been forced to shut down as per officials. The tropical cyclone Carlos measured two on a five point scale.
Pretium Resources Inc. (TSX:PVG) has reported mineral resources at its wholly-owned Snowfield Project of 25.9 million ounces of Measured and Indicated gold resources and 9.0 million ounces of Inferred gold resources at a cut-off grade of 0.30 grams of gold-equivalent per tonne. The Snowfield Project is located 65 kilometers north of the town of Stewart, British Columbia.
Ivernia Inc. (TSX:IVW) has announced that the Minister for Environment of Western Australia has today lifted the order of January 3, 2011 that required the temporary cessation of transport operations from the Magellan Mine in Western Australia.
Halo Resources Ltd. (TSX VENTURE:HLO)(FRANKFURT:HRLN) has announced that Hudson Bay Mining and Smelting Co., Limited, an affiliate of HudBay Minerals Inc. (TSX:HBM)(NYSE:HBM), has reported new results for drilling at the Cold-Lost property, part of Halo's 200 square kilometer Sherridon VMS Property in Manitoba.
The company announced a 50% increase in Indicated Mineral Resources as part of an update of the NI 43-101 Mineral Resources for the Bakyrchik Deposit, which is part of the company's Kyzyl Gold Project in northeastern Kazakhstan. Ivanhoe Mines owns 50% of Altynalmas Gold.
Midas Gold, Inc. today announced independent mineral resources estimates for Hangar Flats and West End, two of the three deposits comprising the Golden Meadows Project, Valley County, Idaho; an updated estimate for the third deposit and largest gold deposit at Golden Meadows, Yellow Pine, is currently in process.
Extorre Gold Mines Limited (TSX:XG)(FRANKFURT:E1R)(OTCQX:EXGMF) has announced the discovery drill results from reconnaissance drilling on the Falcon property, located 80 kilometres to the northwest of Cerro Moro, and 6 kilometres to the northeast of Mariana Resources' Dos Calandrias project. Four of five initial holes have intercepted broad zones of gold - silver mineralization.
Peregrine Diamonds Ltd. (TSX:PGD) has reported microdiamond results showing a coarse diamond size distribution from drill core and reverse circulation drill cuttings acquired from the north and south lobes of the CH-7 kimberlite on the 8,580 square kilometre Chidliak project on Baffin Island, Nunavut, Canada.
Boart Longyear (ASX: BLY), the world's leading integrated drilling products and services provider, will be announcing several new and innovative drilling products at the annual International Convention and Trade Show of Prospectors and Developers Association of Canada being held in Toronto, Ontario March 6 – 9, 2011.