Aluminium
RX Exploration reports high grade gold and silver structures
by Jo Black
RX Exploration Inc. releases the first assay results from its underground diamond drill program at the Drumlummon Mine at Marysville, Montana ,which intersected numerous and parallel high grade gold and silver veins.
Some of the veins were anticipated from historical information while others are considered to be new discoveries.
DDH 08 #2 was stopped while still [...]
New mineralized zone discovered at Gossan’s Bird River property
by Jo Black
Gossan Resources Limited has been advised by its Option and Joint Venture Partner, Marathon PGM Corporation (Marathon), that drilling has discovered a parallel zone of low-grade Nickel-Copper and Platinum Group Metals (Ni-Cu-PGM) mineralization on the southern side of the Page Block at its Bird River Property in southeast Manitoba.
Marathon has recently completed a 17-hole [...]
Copper gains on China imports
by Elaine Frei
Copper prices were up Monday, pushed higher by reports of strong imports by China in April which were, however, still behind imports during the same period last year.
Prices also benefited after the US dollar lost gains and investors again looked for hedges against inflation, but gains were limited after a strike by Peru’s miners’ union, [...]
Western Metals summarises resources at Parys Mountain acquisition
by Gill Montia
Western Metals, the Australian listed miner that is in the process of acquiring the Parys Mountain copper-zinc project from Anglesey Mining, has released a summary of the historical mineral resources of the North Wales project.
The total historic indicated and inferred un-depleted resource on the project is; 7.76 million tonnes at 2.0% copper, 2.4% lead, [...]
Vulcan reports “excellent” results from Kylylahti copper project
by Gill Montia
Vulcan Resources Limited, the Finnish based metals development and exploration company, has announced significant drill results from its Kuhmo Nickel Project in eastern Finland.
The company described results of the Definitive Feasibility Study at the Kylylahti Copper-Cobalt-Nickel Project as “excellent”, with high platinum and palladium grades from drilling at the Hietaharju nickel deposit, which lies [...]
Gold Hawk temporarily suspends milling operations at Coricancha mine
by Jo Black
Gold Hawk Resources Inc. announces that it is temporarily suspending crushing and milling operations at its Coricancha mine in Peru due to unexplained ground movement in and around its tailings handling area. This action is being taken as a precautionary measure while a geotechnical audit is completed.
The geotechnical audit was initiated in April at the [...]
Bluerock announces non-brokered private placement
by Jo Black
Bluerock Resources Ltd. announces a non-brokered private placement to issue up to 5,400,000 units to raise up to C$2,700,000 (the “Offering”) with a 10% over allotment.
Each unit will be priced at $0.50 and will consist of one common share and one half transferable share purchase warrant.
Each full warrant will entitle the holder to [...]
Condor announces appointment of new director
by Jo Black
Condor Resources Inc. announces that Robert T. Boyd has been appointed to its Board of Directors.
Mr. Boyd is a senior mining executive with over 30 years experience in exploration, executive-level management and corporate finance and corporate governance.
He formerly held the position of President, CEO and Director of Ashton Mining of Canada Inc., a leading [...]
Platinum prices jump by nearly $60 per troy ounce
by Elaine Frei
The price of platinum soared again today on the possibility that demand from China will help balance declines in demand elsewhere in the world.
In addition, prices were also pushed up as two platinum-based exchange-traded notes began trade on the New York Stock Exchange.
July platinum added $59.50 to $2,101.80 per troy ounce, while June gold was [...]
Pacific Ore’s BioHeap pilot exceeds expectations
by Gill Montia
Pacific Ore, the company that developed the patented BioHeap leaching process, has reported that copper recovery rates from its Huogeqi pilot plant, in Inner Mongolia, are exceeding expectations.
The Huogeqi project is a 50/50 joint venture with Western Mining Joint Stock Company, which is Shanghai-listed and one of China’s largest base metals mining and smelting companies.
The [...]
Radius Gold starts drilling in Nicaragua
by Jo Black
Simon Ridgway, President of Radius Gold Inc. announces the commencement of a diamond drilling program that will test its 100%-owned Trebol, La India Norte and Estrella de Oro gold properties in Nicaragua. A minimum 3,000m of drilling is planned.
Drilling has begun on the Company’s Trebol property (42,193 hectares) located in northeastern Nicaragua, where epithermal [...]
Soho Resources reports more positive drill results
by Jo Black
Soho Resources Corp. reports assay results for 18 completed core drill holes from its ongoing exploration at its 100% controlled Tahuehueto Project, located in northwestern Durango State, Mexico.
Highlights include; step out drilling for resource expansion at Cinco De Mayo and Perdido Zones with excellent results and higher than average grades from both areas; infill drilling [...]
New potential at depth on Langmuir Nickel property
by Jo Black
Golden Chalice Resources Inc. announces recent progress on its Langmuir Nickel Discovery exploration program.
Drilling continues to successfully define the shape and size of the Nickel Zone discovered in 2007. This drilling is building towards a 43-101 compliant resource estimate for the nickel discovery.
A second drill has been testing airborne geophysical VTEM anomalies on [...]
Platinum prices surge
by Elaine Frei
Metals prices were mixed Thursday, with precious metals prices up and base metals mostly on the decline.
June gold added $10.80 to $882 per troy ounce while July silver was up 27 cents to $16.96 per troy ounce and July platinum surged $73.30 to $2,042.30 per troy ounce.
Precious metals prices rose as the dollar weakened after [...]
Oxbow applies for water permit on Bristol Gold
by Jo Black
Oxbow Resources, a company that is using innovative geological concepts and exploration technology to discover new gold and silver resources in well-established mineral belts, has announced that Max Pacific Power Inc. has applied for a water permit to build an 8 MW Run-of-River small scale hydro project on Tommy Creek, which runs through the Bristol [...]
Premium updates on Buffalo Gulch permitting
by Jo Black
Premium Exploration, Inc. announces an update on the Buffalo Gulch permitting process.
Premium Exploration Inc.’s, joint venture partner (Elk City Mining, LLC) is making progress on permitting the Buffalo Gulch Mine and advancing the project to production.
Elk City Mining (ECM) held several public meetings near the project area to initiate the scoping process [...]
Nautilus completes Phase one deep sea exploration program
by Jo Black
Nautilus Minerals Inc. announces that Teck Cominco Limited (Teck) has completed the first phase of its $US12 million 2008 offshore exploration program over Nautilus’ exploration tenements.
These tenements are located in the territorial waters of Papua New Guinea (PNG) and exclusive economic zone of Tonga.
The phase one program was completed on Tuesday May 6, [...]
Metals prices drop as dollar strengthens
by Elaine Frei
Base metals prices dropped Wednesday as the US dollar strengthened, making it more expensive for investors using other currencies to buy metals that are sold in dollars.
Prices for copper were pushed lower by the end of a strike in Chile and on concerns that price increases this year will hurt demand from China, where consumption [...]
Tara Gold extends ‘Clavo 99′ at San Miguel project
by Jo Black
Tara Gold Resources Corp. is pleased to announce assay results from drill hole SM-35 in the San Miguel Vein. Drill hole SM-35 was drilled 50 meters below hole SM-20 in the southern part of ‘Clavo 99′ to test the depth and lateral extent of that mineralization.
SM-35 intersected 1.85 meters of 9.57 g/t Au and [...]
Dutch Gold adds Geologist, updates operations
by Jo Black
Dutch Gold Resources, Inc., a developer and operator of proven gold mines and a regional mill in North America, announced that it added Sam Bourque as its lead underground geologist and has extended its relationship with David Hembree, a professional geologist with over twenty seven years experience who consults for the Company on an ongoing [...]