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November 3rd, 2009
Category
Drilling, Exploration, Gold |
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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.
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August 25th, 2009
Category
Exploration, Gold, Mining Company |
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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.
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August 25th, 2009
Category
Exploration, General News, Mining Investment |
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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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August 11th, 2009
Category
Exploration, Gold, Mining Investment |
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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.
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August 5th, 2009
Category
Exploration, Iron ore, Mining Company |
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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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January 22nd, 2009
Category
Exploration, General News, Mining Company |
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POLITICAL and business, two things that can not be separated, like two sides of the same coin. Negate the one negate all means. Like it or not, it is business and politics. Thus the reality faced by Freeport Sulfur in 1959. When just the production of nickel seed company tambangnya ship, Fidel Castro successfully seize the city of Havana and merontokkan dictator Batista regime forever. On behalf of the revolution of the people, all foreign companies in Cuba dinasionalisasikan. Including mining nickel seed owned Freeport Sulfur.
In the midst of such storms, the negotiations with the Castro regime is impossible. Moreover, outstanding issues that the executive pay plan involved Freeport murder Castro. During his reign, Castro repeatedly escaped murder trial.
August is still in the same year, Forbes Wilson, director of mining and top experts in Freeport, met with Jan van Fruisen, Executive Director of the East Borneo Company, which is also engaged in the mining sector.
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January 20th, 2009
Category
Exploration, General News, Mining Finance, Mining Investment |
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Indonesian known as a country rich with natural resources. One of the potential natural wealth is owned by the metal and mineral reserves are promising enough. Currently, Indonesia is one of the producers as well as the main exporter of coal and tin in the world. Data from 2007 to the level of production at that time, lead is still estimated to have reserves to 8-10 years, nickel 150-200 years, 50-75 years old copper, gold, 150-250 years, 100 years of iron, bauxite and 20-30 years. Meanwhile, coal resources, with 90 billion tons of reserves and 18.7 billion tons, the coal is still a role for a period of at least 110-120 years.
With the potential of the abundant reserves, the entry in Indonesia in the world’s largest manufacturer of commodities to some of mine. Indonesian seventh in the order of the largest coal producer in the world and was ranked for two of the world production of tin. Mining sector in Indonesia at this time not only diramaikan by foreign mining companies, but also by a local mining company.
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January 8th, 2009
Category
Exploration, Mining Company, Mining Contractor, Mining Investment |
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Gryphon Gold Corporation announced that the Company has taken steps to significantly reduce costs and future commitments. The reductions were made to ensure business presence is maintained while planning continues to put the Borealis property in Nevada’s Walker Lane gold belt into production. The Company plans to wait for capital market conditions to improve before making a business decision to raise equity necessary for the construction phase of the operation.
Steps taken to reduce costs include:
- Major reduction in office facility expense
– Gryphon Gold has moved its Vancouver office location for a 90% savings, reduced Reno office space by 50% and closed the Hawthorne, Nevada office.
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