Antioquia Gold Inc. (TSX VENTURE:AGD) Antioquia today announced continued success of the drilling program in expanding the extent of the known structures and the latest drill results from the four remaining holes in the current drilling program on its Guayabito Prospect at the Cisneros Gold project in Colombia (holes PC10-46 through PC10-49).
Gina Rinehart may project herself as a ‘media mogul’ but it is on Hancock Prospecting that her fortune is based. New figures about her flagship company in the mining empire show that the richest woman in Australia is showing a huge increase in revenue.
By Dr. Cameron Chai
12 Jan 2011
Reed Resources Ltd has bought the Meekatharra gold project for $26.7 million from Mercator Gold Australia Pty Ltd. The mine located in the Murchison region of Western Australia may lead to the creation of a mid-tier gold producing company as a spinoff from the main company assets.
Mining is no longer the high mortality profession that it once was in South Africa. The Chamber of Mines has recorded a 24 % drop in mining related deaths in 2010.
By Joel Scanlon
12 Jan 2011
Lumwana Mining Company, a subsidiary of Equinox Minerals, raised its copper production from 109,413 tonnes in 2009 to 146,690 tonnes in 2010.
By Joel Scanlon
12 Jan 2011
EMED Mining's recent IPO in Canada was oversubscribed and has raised Canadian $2.4 million. The company is focused on exploring and developing resources of copper and gold.
By Dr. Cameron Chai
12 Jan 2011
Coal mines and railroads in Queensland are continuing to shut down as the flood situation in the Australian state continues. The coal supply shortfall in the global market is currently picked up by US coal producers.
By Joel Scanlon
12 Jan 2011
BHP Billiton's copper mine in Chile, Escondida has agreed to the new mining royalty plan of the government. Andrew Mackenzie the head of the non ferrous mining division of BHP Billiton said that the world’s biggest copper mine had agreed to the royalty program which is at present optional.
ATW Gold Corp. (TSX VENTURE:ATW), has announced that field mapping of the Gascoyne Project has been completed. The mapping has indicated prime target areas for rock chip and stream sediment sampling that will be undertaken during the first quarter of 2011.
Northgate Minerals Corporation (TSX: NGX, NYSE Amex: NXG) has reported that follow-up drilling on the YD West zone, located at the Young-Davidson Project in northern Ontario, has confirmed continuity and expansion of the zone as two follow-up holes have intersected higher grade mineralization.
Lake Shore Gold Corp. (TSX:LSG) today announced a number of wide, high-grade intercepts from an additional 42 holes (15,159 metres) completed as part of the 2010 drill program at the Company's 100 percent owned Thorne property along the Gold River Trend.
VMS Ventures Inc. (TSX VENTURE:VMS) has announced that drilling of base metal and gold targets on its Sails Lake property is complete.
East Asia Minerals Corporation (TSX VENTURE:EAS) announces that drilling continues to add gold at the Miwah Main Zone and has upgraded the gold potential at Sipopok, in Aceh Province, Northern Sumatra, Indonesia.
Rockland Minerals Corp. (TSX VENTURE:RL) has announced that all assays have been received from its Fall 2010 diamond drill program at the Schefferville Gold Project, Québec.
San Marco Resources Inc. (TSX VENTURE:SMN) has announced it has signed an agreement with Golden Minerals Company (AUMN: NYSE Amex) (AUM: TSX) to acquire a 22 hectare concession adjacent to San Marco's wholly-owned La Buena gold-silver project in Mexico.