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…)

Kiska Metals Corporation, Monday announced the discovery of mineralized zones in the Mountain Island, which lies about 23 kilometers south of the deposit resource area of Whistler. After a five-hole drilling is completed in the year 2009 drilling program returned 0.68 g / t gold ore for more than 382.9 meters. Back pit the top interval, drilled 150.0 meters long, on average 0.72 g / t gold and less than 106.9 meters 280.0 meters crossing to the edge of the hole average of 1.22 g / t gold. Copper results pending and will be announced when received. Island Mountain is different from the target porphyry deposits that host Whistler a NI43-101 resource filled show 1:31 million gold equivalent ounces and inferred resources of 4:44 million ounces of gold.

“The discovery of gold ore in the Island Mountain on our first hole of this program is very encouraging for the company,” said Jason Weber, President and CEO of Kiska. (more…)

We have many new investors interested in gold mining industry as a good prospect and provide asset protection if there is inflation. According to the observing world’s major mining company Newmont Mining Corp, an increase in investment in gold mining sector as the prospect of rising inflation.

Gold is a new investment category for reenergized people in these investments, there are approximately U.S. $ 700 billion in gold investment and it represents only 0.58 percent from U.S. $ 140 trillion of global investment.

“Gold also acts as a hedge against inflation and even though we are in the midst of a recession in the world who sniff inflation already in the air,” Chief Executive Officer of Newmont Mining Corp.., Richard O’Brien said the industry briefings in Melbourne Australia. (more…)

Once again a surprise place in the world mining investment company, a major gold mining companies in Canada, Kinross announced that it has invested U.S. $ 1 billion for development projects, gold mines in Chile. That is developing a gold mine with an existing Maricunga by creating a new location at Lobo Marte.

Chilean government support Kinross gold mining companies to make mining projects only, but must still follow the rules on the protection of water, because water is scarce in the area known as the Atacama. So that these companies must provide their own water for their needs. For that Kinross executives are doing research to find sources of water and also take into account desalinated sea water. (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…)

OPEC world oil managers had persuaded the ministers of energy to maintain oil production quotas, so that world oil prices do not rise too high.

However, according to the Organization of Petroleum Exporting countries, that reducing it would harm the delivery of global economic recovery. So that the oil price rises to $ 75 per barrel on August 25, which according to Saudi Arabian King Abdullah said the fair for consumers and producers.

“OPEC member countries would be happy with high oil prices, which they can not be anticipated back in January,” said Edward Morse, chief of economic research at LCM Commodities LLC in New York. “They will not seriously consider to deepen or extend the cut at this stage. OPEC has taken a lot of oil out of the market, and it will clean the market up.”
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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…)

Why BHP Billiton could stand between the world’s leading mining industry. The answer is because it can find a lower debt balance with surprise $ 5.6 billion despite a large universe of operating and capital recession and challenging exploration program of $ 10.7 billion proposed for the current year.

After getting the sector lower gearing of 12.1 percent, BHP, which also announced that the 2008-09 results of the other day, and a very proud boast a healthy EBIT margin of 40.1 percent and 24.6 percent return on investment.

Avoid the pain in the form of increased debt that Rio Tinto’s acquisition will lead to, BHP enjoy financial strength, unmatched in the industry, which it is to use for “mergers and acquisitions opportunistic” and targeted “tier-I assets” exceptional quality, low cost and given to long-term exploitation. No doubt, BHP has a balance sheet that provides distinct competitive advantage against its counterparts in the mining industry.

Unlike people like Rio and Anglo American, BHP draw much strength from the hydrocarbon asset ownership. When he discovered the benefits of expanding the capacity of iron ore in the existing mine site, also remained strong in the pursuit to expand oil and gas affected. (more…)