West Melville Metals Inc. ("West Melville" or "the Company") has signed an option agreement with Quirina Vasquez Vargas (the "Vendor") that secures an exclusive option for West Melville to acquire 100% ownership of the Alex Copper Property (the "Property") in Sonora, Mexico. Under the terms of the agreement, West Melville has until May 31, 2014 to conduct due diligence following which it can secure a 100% interest in the property by paying USD$25,000 and issuing 250,000 shares in the capital stock of the Company to the Vendor.
Panex Resources Inc. (the "Company," or "Panex"), is pleased to announce that it commenced drilling on its highly prospective Giro Gold Project on 30 December 2013. The Giro Project covers a surface area of 610sqkm and lies within the Kilo-Moto Belt in one of the world's principal greenstone belts which hosts Randgold Resources' multi-million ounce Kibali Gold deposits within 30km of Giro, Anglogold Ashanti's deposits to the east, Loncore and Kilogold deposits to the south and 50Moz of gold discovered in Tanzania since 1994.
National Mining Association (NMA) President and CEO Hal Quinn issued the following statement in advance of the publication of the Environmental Protection Agency's (EPA) proposed New Source Performance Standard for regulating greenhouse gas emissions from new coal-based power plants that generate 40 percent of the nation's electricity:
Reportlinker.com announces that a new market research report is available in its catalogue: Coal Mining Industry (U.S.): Analytics, Extensive Financial Benchmarks, Metrics and Revenue Forecasts to 2020, NAIC 212100
Endeavour International Corporation ("Endeavour" or the "Company") today announced an update on the current production from the first well (W1) at the Rochelle field and the timing of the start-up of the second production well (E2).
Last year's gigantic landslide at a Utah copper mine probably was the biggest nonvolcanic slide in North America's modern history, and included two rock avalanches that happened 90 minutes apart and surprisingly triggered 16 small earthquakes, University of Utah scientists discovered.
AndeanGold Ltd. ("the Company" or "AndeanGold") announces that the Company has not made the $150,000 payment which was due on December 31, 2013 to Gitennes Exploration Inc. ("Gitennes") pursuant to the amended Share Sale and Mining Agreement dated May 17, 2012 (the "Agreement").
ESCO Corporation announced today it has acquired Stabiltec Downhole Tools LLC, a unique manufacturer of specialty drilling tools for the oil and gas industry. This acquisition complements ESCO's growing Oil & Gas Division, bringing an additional 96 people into the organization.
Research and Markets has announced the addition of the "Mining Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018" report to their offering.
Virgin Metals Inc. ("Virgin" or the "Company") announced today the sale of their Cuatro Hermanos project in Sonora Mexico to Insumos Y Fertilizantes Agricolas Sacramento S.A. De C.V. a privately held corporation with head office in Culiacan, Sinaloa, Mexico. The project was purchased for $1,500,000 in cash payable immediately upon the close of the transaction. The transaction has been approved by the TSX Venture Exchange.
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