Pele Mountain Resources said in a press release that it had completed a resources estimate at the Eco Ridge Mine Uranium and Rare Earths Project it owns in Elliot Lake, Ontario. The mine is owned 100% by First Canadian Uranium which is a wholly owned subsidiary of Pele Mountain Resources.
By Joel Scanlon
27 Feb 2011
The initial public offering (IPO) of the Tavan Tolgoi coal mine will be the largest that Mongolia has ever had. The country has shortlisted four banks for the process. The lucky four which survived the culling from a 150 plus applicants are BNP Paribas, Deutsche Bank, Goldman Sachs and Macquarie Bank.
By Joel Scanlon
27 Feb 2011
Primero Mining Corp posted a quarterly profit that came as a surprise. The profits are contributed to higher production and also reflect the first full quarter ownership of a new mine in Mexico.
By Joel Scanlon
27 Feb 2011
The Elk Creek coal mine in western Colorado had been given permission by the Bureau of Land Management for an expansion but the Sierra Club and the Wild Earth Guardians group are challenging the decision. They have filed an appeal with the Board of Land Appeals registering their opposition.
By Joel Scanlon
27 Feb 2011
Newmont Mining Corporation (NYSE: NEM) today announced it increased attributable gold reserves by 1.7 million ounces to 93.5 million ounces in 2010.
Galahad Metals Inc. (TSX VENTURE:GAX) has announced today its intention to spin out its 60% interest in Bottle Creek Exploration, LLC into a new BC incorporated company called Red Ore Gold Inc., a wholly-owned subsidiary of Galahad.
Capstone Mining Corp. (CS: TSX) today announced that its wholly owned subsidiary, Kutcho Copper Corp., reports the results of the Prefeasibility Study completed by JDS Energy & Mining Inc. on the Company's Kutcho Project located in north-western BC.
Pele Mountain Resources Inc. (TSX Venture: GEM) today announced the completion of a NI 43-101 Resource Estimate which for the first time includes both uranium oxide and rare earth oxides at its Eco Ridge Mine Uranium and Rare Earths Project in Elliot Lake, Ontario.
Peregrine Diamonds Ltd. (TSX:PGD) has reported a coarse diamond size distribution in a 74.4 kilogram sample collected by core drilling from the CH-20 kimberlite located on the 8,580 square kilometre Chidliak project, Baffin Island, Nunavut, Canada.
Red Crescent Resources Limited (TSX:RCB), a mineral exploration and development company focused on base metals, has announced an initial independent National Instrument 43-101 compliant Mineral Resource Estimate for it's Hakkari Zinc Project in South East Turkey.
TAD Mineral Exploration Inc. (TSX VENTURE:TJ) has announced the results from the multiple split core samples that returned >100 ppm tungsten at the Hazelton Prospect in British Columbia.
Lake Shore Gold Corp. (TSX:LSG) today announced results from an additional 72 holes (10,871 metres) of underground drilling at the Timmins Mine. The holes were drilled from platforms on the 260 and 525 levels.
Matamec Explorations Inc. (TSX VENTURE:MAT) has announced that assay results have been received for a further eight DDH on its 2010-2011 diamond drilling program on the Kipawa HREE-Y-Zr deposit in western Quebec.
Golden Predator Corp. (TSX: GPD) has announced that it has commenced its second winter drill program of 2011 on the Carlos discovery zone at its Grew Creek Project.
Cresval Capital Corp. (TSX VENTURE:CRV) reports that the 2011 exploration program, consisting of an airborne geophysical survey over the entire Bridge River claim block followed by a 2500 metre drill program in 9 holes, with a minimum $500,000 budget has been approved and preparations are underway to start exploration immediately after spring break-up.