World Mining Exploration News

Gold mining company Ventana Gold Corp. announces drilling results from several holes that are targeted at a comparable structure MASCOTA zone La La Bodega on gold exploration projects in Colombia. 146 holes encountered 14.0 meters grading 14.18 grams per tonne gold, starting at a depth of 296.0 meters. The hole was drilled at minus 50 degrees inclination near the 9550 and found a significant new mineralized zone appears to contain high-quality parallel structure, hydrothermal breccias. It is located about 325 meters into the footwall and the main La southeast MASCOTA structure.

To ensure the sample is found to have gold content of gold ore a good Ventana has strict standardization of QA / QC program in place to monitor the chain-of-custody of samples and including the insertion of blank, duplicate, and certified reference standards in each batch of samples. (more…)

One of the major mining company Anglo American has plans to double coal production to support the steel making in America in the year 2018 if their proposal is approved by the U.S. Senate.

They are “Anglo American” will also focus on the production of coal mining around Queensland, Australia, Ian Cockerill, as Chief Executive dikatankan Anglo’s coal units, at a mining conference hosted by investment bank Credit Suisse.

Anglo American, and indeed a large coal mining company that produces thermal coal for power generation in the world, as well as thermal coal will be exported to china and in 2009 again started exporting thermal coal to Asia. (more…)

Gold mining company Staccato Gold Resources Ltd has announced that it has started drilling on the unexpected project, which is part of the Company’s highly prospective South Eureka property in Nevada.

A drilling rig arrived on site last week to launch early 2600 meters (8000 feet), a program that will target several new gold mining zone, and offset last year intercepted in hole 4 (5.25 g / t Au over 23 meters) . Grant Ewing, Staccato President and CEO stated, “We are very pleased to conduct testing of candidates widely and unexpected structural zone along strike and at depth. Staccato well funded to aggressively advance the exploration and assess the full potential of this highly prospective project. ”

Staccato continue researching aspects of geological, geochemical and drill hole database as a gold exploration plans to develop the optimal for the South Eureka property. The Company believes that there is excellent potential to increase the size of the defined gold resources at Lookout Mountain project, and to discover new gold deposits in the vast property. (more…)

Two large mines company Full Metal Minerals (TSX VENTURE: FMM) and Mosam Capital Corp. (TSX VENTURE: MOS.P) today announced that the mine exploration work has begun on the Mount Andrew iron-oxide copper-gold (IOCG) Project, located in Southeast Alaska. Expected exploration in the Mount Andrew mine can produce iron-oxide copper-gold with a high percentage.

Mine exploration program was started from a study and review of geological mapping and sampling when doing a IP / resistivity programs over the prospect area, to test for disseminated sulphide body working under the historic mines in the Mount Andrew. Shallow drilling campaign has been cut before the high grade intervals of copper and gold and adjacent to the existing work in which several historic mines and prospects are. This program is estimated to cost $ 200,000 and will be financed by Mosam and began in 2009.
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Power Company Co. Ltd. and LG Corp. to consider the cooperation with Australia in 2009, to get the coal in the spot market for the EWP.

Cooperation between EWP and LG Corp. is also the signals that will switch from traditional practices of the security under the contract, the volume of long-term, and may herald a more active trading market in Asia.

South Korea, the world’s second largest after the steam coal importers Japan, imported 90.5 million tons of bituminous and sub-bituminous coal in 2008. Australia is a top supplier, shipping 36.4 million tons, or 40 percent of the volume.

South Korea has utility in the last few years, increased spot market purchases in a bid to take advantage of the price of exhilaration.
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Coal is a fuel source for electricity in India and is likely to be the main fuel for the present and future. Therefore, the supply of coal is very important to ensure that the plan of the addition of electric power capacity is not derailed because of internal inadequate coal production.

Increase request for supply of coal, CII believes that the need to expeditiously identify coal blocks outside the PSU directly from the development plan and to offer their captives coal producers to increase production in the near future. Take the experience of companies involved in coal mining is uneconomical and difficult to work the blocks allocated for captive producers in the country that limit production.

CII is the view that increasing production through captive mining exploration will require that the data carried in the public domain and allocations are made for serious developers through a transparent process. Therefore, the transparency of the building, CII strongly recommend that an independent regulator should be appointed at the beginning. (more…)

As shown the world that economic growth is very fast, as well as the gold industry that has been explored by the company that is developing. Very high investor preference for companies with advanced-stage assets in secure jurisdictions. Companies with large assets in Mexico many countries who are interested to invest in gold mining areas of mining regulations for environment-friendly and promising geology.

Mexico is a country of a very good investment for the mining of gold, but also have many junior mining companies. Some of them have interesting assets in the mining area was established. Canadian Venture and Frankfurt listed Oroco Resource Corp. (TSX.V: OCO, Frankfurt: 0R6) recently announced preliminary results from Phase Two field program began last month in the Cerro Prieto project in Sonora, Mexico.

In the year 2009 exploration program results have confirmed extension of the mineralised zone at least 900 meters north of the previously described Oroco in 2008 by drilling and trenching program. (more…)

Montezuma Mining successfully perform the first drilling in the Mount Padbury and ended with a check for A $ 4 million. Montezuma Mining has rights to sell iron ore mining in the Mount Padbury Midwest to Sinosteel a subsidiary of the Chinese steel group, Sinosteel Corp.

As part of the sale agreement to buy iron ore mining rights, Montezuma entitled to a one-off payment of A $ 4 million in cash if Sinosteel Midwest defines resource at least 10 million tons with the average value of more than 50%.

Montezuma Mining confirmed yesterday that Sinosteel Midwest has begun the 6000 meter reverse circulation ( ‘RC’) drilling program at Mt Padbury, targeting the 20 kilometers of known banded Iron Formation which outcrops in the project.
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