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…)

Newmont Mining Corp., One of the largest gold mining company in the world, has announced net profits revenues from gold industry of U.S. $ 1.97 billion at the beginning of this year.

Admission is comprised 5.125 percent in 2019 because the principal amount and $ 900 million 6.25 per cent in 2039 because the principal amount of $ 1.1 billion. Newmont received net result of approximately $ 1.97 billion after deducting discounts and estimated production costs.

For that Newmont Mining Corp.., Planning to project development company, adding working capital, and the possibility of acquiring companies that have been observed lately.
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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…)

Back happening buying shares of gold mining companies, namely Vatukoula Gold Mines has sold 125 million new shares to Canadian Zinc Corporation with an investment of 1.5 million Pounds Sterling. This has resulted in increasingly strong position of Canadian Zinc Corporation in the Gold Mining Stock.

Vatukoula Gold Mines is a gold mining company in the UK listed on the AIM Market of London Stock Exchange, and currently owns and operates the Vatukoula Gold Mine located in Fiji, an island which has a high grade gold deposit.

Canadian Zinc Corporation Investment in Vatukoula Gold Mines is to increase the production of the annual average in order to reach 100,000 ounces at the beginning of the year 2011 will, as promised by the Vatukoula Gold Mines in the early discussions before buying shares. (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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