Archive for the ‘Drilling’ Category

Repsol wins oil and gas exploration rights offshore Canada

Friday, November 21st, 2008

Repsol has been awarded exploration rights in Canada's Newfoundland and Labrador Offshore Area, allowing the company to move forward with its plans to increase oil and gas finds and production in the Organization for Economic Co-operation and Development countries. Repsol has successfully bid for three blocks, two in the Central Ridge/Flemish ...

Some Say N.C. Should Consider Off-Shore Drilling

Friday, November 21st, 2008

North Carolina should consider whether it would receive money from oil exploration off its coast and how it would balance an oil industry with its coastal tourism economy, speakers at a conference said today. Carteret County commissioners recently passed a resolution supporting oil and gas exploration off North Carolina's coast, prompting ...

Drilling Commences at Columbus Gold’s Scraper Project

Thursday, November 20th, 2008

Columbus Gold Corporation (TSX VENTURE:CGT) ("Columbus Gold" or the "Company") is pleased to announce that drilling has commenced on the Company's Scraper Project where joint venture partner Newmont Mining Corporation (TSX:NMC)(NYSE:NEM) can earn an initial 51% interest by undertaking staged annual exploration expenditures totaling US$5 million over a five year ...

Carpathian Doubles Multi-Million Ounce Gold Resource on the Rovina Valley Project, Romania

Tuesday, November 18th, 2008

Carpathian Gold Inc. is very pleased to announce its updated National Instrument 43-101 compliant Resource Estimate, as provided by independent consultants PEG Mining Consultants Inc. ("PEG"), on Carpathian's 100% owned Rovina Exploration License in central Romania, which hosts the Colnic Au-Cu Porphyry deposit ("Colnic"), the Rovina Au-Cu Porphyry deposit ("Rovina") ...

Alaska’s mineral industry now worth record $4 billion

Monday, November 17th, 2008

The total value of Alaska's mineral industry in 2007 set a new record of approximately $4 billion, up 13.3 percent from the 2006 level, the state Department of Natural Resources announced Nov. 5. The total value combines exploration and development expenditures with production value. The figure is used as a general ...

Xemplar drilling at Warmbad uranium project finds further mineralized zones

Thursday, November 13th, 2008

Canada-based Xemplar Energy Corp said the latest drill hole assay results from its Warmbad uranium exploration project in Namibia have outlined five mineralized zones at Aluriesfontein and Big Yellow. The geological groundwork and the drilling continue to confirm the widespread uranium mineralization on the property. The company continues to aggressively conduct ...

Magnum Drills Bulk Tonnage Mineralization at Marysvale

Thursday, November 13th, 2008

Magnum Uranium Corp. is pleased to announce results of a recently completed exploration drilling program at its Marysvale Uranium Property, Piute County, Utah. Drilling was conducted from October 22 to October 31, 2008 to test a large 850-foot-wide by 1,570-foot-long coherent soil-gas radon anomaly delineated by StrataModel Inc. in August ...

Rambler Continues to Report Exceptional High Grade Gold, Copper and Zinc at the Ming Mine Within the New 1806 Zone

Tuesday, November 11th, 2008

Rambler Metals and Mining plc is pleased to announce continued high grade gold, copper and zinc drill results from its underground diamond drilling exploration and in-fill program at the Ming Mine. Highlights include the following assay results: ------------------------------------------------------------- Drill Hole Sample ...

Copper discovery in St. Julien’s

Tuesday, November 11th, 2008

There's copper in St. Julien's...but is there enough for a mine? That's the multi-million dollar question. "It's one of the best prospects I've seen in about 15 years," said Robert Freeman, vice-president of exploration for Eagle Ridge Minerals Ltd. "But it's still a lottery ticket." Eagle Ridge has a nine-man team, five of ...

PetroNeft shares up 37% on drilling results

Wednesday, November 5th, 2008

Shares in the Dublin-listed, Russia-focused oil exploration company PetroNeft Resources rose over 37 per cent in Dublin this morning after it reported one of its wells in Siberia produced crude oil when tested. In a statement PetroNeft said its Lineynoye 1 well delivered 271 barrels of oil a day and added ...