International Millennium Mining Corp. (the “Company”) (TSX VENTURE:IMI) (FRANKFURT:L9J) announces the release of its 2nd Quarter financial statements and MD&A (the “Quarterly Report”) for the six months ended June 30, 2008 (BC Form 51-102F1). Pursuant to the requirements of National Instrument 54-102, this news release provides a summary of the information contained in the Quarterly Report. (more…)
Carpathian Gold Inc. (TSX: CPN) (the “Corporation” or “Carpathian”) wishes to report that recent drill results from its ongoing diamond drilling program at the Ciresata porphyry prospect has encountered some of the highest gold grades and copper mineralization to date on both this porphyry and the entire Rovina Exploration License. The Ciresata porphyry is located within the 100% owned Rovina Exploration License in central Romania and is situated approximately 4 km south of the Colnic and Rovina porphyry deposits.
This gold rich – copper porphyry was discovered earlier this year and is potentially the third economic porphyry deposit located on the Rovina Exploration License. Recent drill hole intersection highlights are as follows: (more…)
Central Sun Mining Inc. (the “Company”) has scheduled a conference call for analysts and investors on Wednesday, July 2, 2008 at 11:00 am. (Eastern) to provide an update on its exploration and operations activities.
EXPLORATION UPDATE
Limon Mine Area
Drilling has continued on the new Santa Pancha southern extension to follow up on the promising results from the initial discouvery drilling previously reported and as shown on vertical longitudinal section below in Figure 1. Central Sun Mining Inc. has completed 14 diamond drill holes totaling 4,441 metres of a planned 10,000 metre program in the Limon Mine area. The Santa Pancha orebody, which has the highest grade within the Limon Mine area deposits, is currently being mined on the 100 metre level at a reserve grade of approximately 5.6 g Au/t. (more…)
Fiji’s Mineral Resources Department has given an exploration licence to a Canadian mining company that has expressed interest in developing the Tuvatu Gold Mining project in the Sabeto Valley near Nadi.
The company, Lion One Ltd is registered locally and is a subsidiary of Red Lion Management Ltd, a Canada-based company
Mineral Resources manager mining Venasio Nasara said the company would explore for gold and silver.
He said that the gold is at least high grade, similar to Vatukoula gold mine in Tavua.
Nasara says there is at least more than one million tonnes of ore, producing at least 20,000-30,000 ounces annually.
In an advertisement, two weeks ago, the company said it was in the process of developing the Tuvatu mine and also pursuing exploration projects on Vanua Levu (gold, silver and other minerals).
The company was recruiting local workers to join its team. (more…)
The planning and investment director of the Angola’s State-run diamond company, Endiama E.P, Alberto Fançony Thursday here considered decisive the exploration of other minerals to boost the economic development and satisfy collective necessities of the country.
Speaking to ANGOP, on the sidelines of the workshop on “challenges of the mining industry to support the sustainable development”, the director stressed the need to also mine iron, gold, marble, granite, uranium and platinum so as to empower the Angolan economy.
According to Alberto Fançony, the International Mining Fair (FIMA), occurring in the pavilions one and two of the facilities of Luanda’s International Fair (FIL), it is very important to boost mining of these mineral resources and use them essentially for the wellbeing of the Angolan population. (more…)
LEADING multi-national mining firms are queuing up to get a slice of what could be the country’s biggest zinc find since the Lisheen mine in the early 1990s.
Companies like Xstrata (formerly Noranda), Tech Cominco and Rio Tinto are understood to be among those excited by the new discovery at Quinn, Co Clare, by Irish-owned Belmore Resources.
The find was located close to the 19th century Kilbricken lead mine, in the Monanoe townland, and at the base of a large calcite deposit.
Belmore, run by former Ovoca and Bula director Pat Mahoney, drilled a single hole at the Quinn prospect and encountered a 10-metre mineralisation zone, containing 14pc zinc and 5.5pc lead, at a depth of 450 metres. Silver was also present at a grading of 62.84 grams per tonne. (more…)
Guyana’s President, Bharrat Jagdeo expressed concern that government was “in the dark” about a 46 million dollar buy-out by China’s Bosai Minerals Group of a 70-percent share in a bauxite company controlled by Canada’s IAMGold Corporation.
Jagdeo said his administration would not recognize the deal because the government, which holds the remaining 30 percent share in Omai Bauxite Mining Incorporated (OBMI), was not consulted.
“These agreements, whatever they are, we are still in the dark, we have broad information as to what the deal is but the details of those would still have to come to us either for approval as a regulator or as a shareholder,” he said. (more…)
The Bauxite Miners started fast, but the Hector Wildcats caught up and played even with them until the decisive fourth period before coming away with a 49-43 victory in the first game of the Regions Bank Classic at Jessieville High School on Wednesday afternoon.
“We stood around too much,” said Bauxite head coach Roy Lamb. “Looks like we still had the holiday blahs out there.”
Chad Baxley hit the first of his game-high 19 points and Mark Ring added an offensive put back for an early 4-0 lead on Hector. Neely Sullivent added a 3-pointer seconds later, but Hector’s Josh Stroud started popping 3-pointers and finished the game with 29 points. (more…)
