World Mining Exploration News

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:

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Drill Hole Sample Gold Copper Zinc
Length
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RMUG08-126A 23.20 m 4.74 g/t 0.86 % 0.55 % (more…)

Vaaldiam Resources Ltd. today provided an update on the Company’s activities with respect to the ongoing development of its Brauna kimberlites, operations at the Duas Barras and Chapada Mines and the acquisition of RST Recursos Mineracao Ltda.
Brauna Kimberlite Project
Management believes, based on results to date, that the Brauna project has the potential to be South America’s first kimberlite diamond mine.
Vaaldiam’s 100% owned Brauna Kimberlite Project is progressing through a feasibility study which includes the collection and processing of a 5,000 tonne bulk sample from the Brauna 3 kimberlite pipe and associated dike systems. The purpose of this program is to produce a parcel of commercial sized diamonds for valuation purposes. The current bulk sampling program follows an exploration program consisting of mini-bulk sampling and delineation drilling, which produced very encouraging results including: (more…)

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…)

Diamond explorer Lonrho Mining (NHY.BE ) plans to sell 80% of its interest in South Africa’s Schmidtsdrift diamond mine for $13,35-million in order to be able to focus on the development of its Lulo diamond project in Angola.

The company stated that it entered into an option agreement to sell its stake in the prospecting right as well as its diamond mining equipment to diamond-miner New African Mining (NAM).

Lonrho Mining’s CEO Charles Mostert noted: “The company has undertaken the divestment of the Schmidtsdrift diamond mine so that it can focus its efforts on developing the Lulo diamond project in Angola. The Lulo project will add value for Lonrho’s shareholders.”

Lonrho Mining announced recently that it will sell its noncore assets, including diamond tailings dumps in the vicinity of Kimberley, South Africa, and its Kamfersdam new-order prospecting right. (more…)

Bayswater Uranium Corporation (TSX-V: BAY) (PINKSHEETS: BYSWF) is pleased to report additional drill results and provide an exploration update on its 2008 exploration program for the Central Mineral Belt Uranium Project, Labrador. Currently, exploration efforts are in full swing on the Company’s 100% owned property. Diamond drilling, geophysical, radon flux, soil geochemical, line-cutting and prospecting crews are all currently active on the property. Wide spaced, step-out drilling continues to expand the Anna Lake deposit to depth and has currently traced the continuity of the zone to depths of up to 430 meters.
(more…)

Highlights

- All iron assay results have been received for the initial Diamond Core drilling of outcropping hematite iron ore at Abacaxi Target.

- The best iron assays included Hole FED006 69.2% Fe over 0.70m from 10.30 metres and Hole FED007 returned 66.7% Fe over 11.20 metres from 3.5 metres downhole;

- All seven short Diamond Core holes tested outcropping hematite mineralisation and all have holes intercepted massive hematite with true thickness ranging from 0.4m to 8.0m.

Troy Resources NL (”Troy”) (TSX:TRY)(ASX:TRY), through its wholly owned Brazilian subsidiary Reinarda Mineracao Ltda, has received all results from its initial limited diamond core drilling of two zones of outcropping hematite mineralisation within the Abacaxi Target at its Andorinhas Iron Ore Project in Brazil (refer to previous release on July 25th 2008). (more…)

Northern Gold Mining Inc. (CA:NGM: news, chart, profile) is pleased to announce that it will commence diamond drilling Mon. July 28th 2008 on the recently discovered high grade Matheson Zone in the Fidelity area on its Kirana property. Cabo Drilling (Ontario) Corp. has been contracted to drill a 1st phase 2,000 metre NQ drill program to test and define the form and structure of the recently discovered high grade mineralization. As announced on July 23, 2008, Northern Gold Mining has uncovered high-grade mineralization with selected samples assaying as high as 2305.12 g/t Au (67.22 oz/ton) in a pervasive quartz-iron carbonate flooding named the Matheson Zone on its Kirana property. The property lies 5 kms to the northeast of the prolific Kirkland Lake gold camp, where to date more than 24 million ounces of gold have been produced. The Kirana Claim Group comprises 86 contiguous claim units, 4 patent blocks and an isolated block of 8 more claim units just south of the main group.
Though grade continuity will be tested with this program the primary goal will be to define the morphological characteristics of the mineralization for effective definition drilling to follow. (more…)

Argentex Mining Corporation (TSX-V: ATX, OTCBB: AGXM) is pleased to announce that effective today, Monday, July 28, 2008, its common shares will begin trading on Canada’s TSX Venture Exchange (TSX-V) in addition to the company’s existing listings in the U.S. and Germany. The company’s shares will trade on the TSX-V under the symbol “ATX.”
In 2004 Argentex acquired a large package of prospective exploration properties in the Patagonia region of Argentina. The Pinguino property quickly became the focus of the company’s exploration efforts, which in early 2006 culminated in the discovery of a significant new polymetallic and precious
metal occurrence. Since that initial discovery, numerous additional vein systems have been discovered, covering more than 60 kilometers (37 miles) in total strike length, using detailed geological mapping, soil geochemistry, magnetometry and IP geophysics. Diamond drill testing has been successfully carried out on more than eight major Pinguino veins identified to date, returning excellent intersections of mineralization. (more…)