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…)

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…)

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…)

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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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. (more…)

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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