Synergy Resources Corporation, a domestic oil and gas exploration and production company focused in the Denver-Julesburg Basin (the "D-J Basin"), today provided an update on the Company's twenty-four most recently drilled wells. As of June 20, 2012, Synergy Resources drilled and completed six Klein wells and two Hilfer wells. In addition, the Company has drilled nine wells on the Aims Community College/Greeley Country Club prospect which are currently in the completion stage. The Company also reported that Ensign Rig #233 is currently drilling seven wells on the Margil southeast prospect.
Rio Tinto is taking the next steps in its phased investment programme by committing US$4.2 billion (100 per cent basis US$6.2 billion) to develop its tier one iron ore business. The investment covers US$3.7 billion (100 per cent basis US$5.2 billion) for expansion of the industry-leading Pilbara iron ore operations in Western Australia and US$501 million (100 per cent basis US$1.0 billion) for further infrastructure development at the Simandou iron ore project in Guinea.
Klondex Mines Ltd., a Nevada gold exploration and development company, today announced the first batch of assay results from its 2012 underground in-fill drilling program at its Fire Creek project in North Central Nevada.
Pacific North West Capital Corp.is pleased to announce assay results for exploration drill holes in the River Valley 2012 phase I exploration program on its 100% owned River Valley PGM Property, located within 100 km northeast of Sudbury, Ontario. This phase of exploration focused on drill testing three targets internally within the River Valley Intrusion Complex (RVIC) for reef style platinum group metal (PGM) mineralization (Figure 1). Significant intercepts are listed in Table 1 and discussed below. Details of the drill hole locations and orientations are provided in Table 2.
Mpact® Downhole Motors is proud to
announce that it set a new Permian Basin -New Mexico Drilling record on
May 7, 2012 using an Mpact® Downhole Motor. The field
p...
"Everything depends on how Cyprus plays its energy cards right now," says Roys Poyiadjis, a New York entrepreneur and financier with strong ties to his homeland.
The Graystone Company announced today its results from the Company's recently completed assay results. The Company sent a sample of gold ore from Peru to an independent refinery in Los Angeles, CA to perform an assay on the sample. The assay indicated that the sample contained 84.7% gold. Based on this testing the Company expects to be able to sell its currently producing gold ore from Peru at $1,374 per gross ounce. The Company sells gold based on the London Fix PM Price.
Cerro Grande Mining Corporation announced the completion of diamond drill hole CDM 003 at Santa Cecilia, located at UTM 1984 coordinates 6937542N 466750E. Azimuth 180 and inclination minus sixty was drilled to 1,597.7 me...
As a result of strong oil prices and technology advances making domestic shale resources accessible, the US oil and gas industry had a banner year for growth across several categories. Combined exploration and development spending increased 38% in 2011, according to Ernst & Young's annual US E&P benchmark study. Oil reserves grew by 9%, or 1.7 billion barrels, in 2011, while oil production increased 3%. Gas reserves and production rose 4% and 9%, respectively in 2011. Oil and gas revenues experienced 23% growth in 2011.
Santa Fe Gold Corporation is pleased to report that production levels have continued to increase at its Summit silver-gold mine in southwest New Mexico. The company anticipates the mine will reach its targeted monthly production rate of 10,000 tons beginning June 2012. Production for April and May averaged 8,262 tons per month, up 88% from the 4,400 tons mined in March. Delivery of new mining equipment including underground loaders, drills and trucks is expected to facilitate sustained mining rates. Revenues are expected to continue to increase during 2012 and 2013 as the mine reaches higher grade portions of the ore body.
Terms
While we only use edited and approved content for Azthena
answers, it may on occasions provide incorrect responses.
Please confirm any data provided with the related suppliers or
authors. We do not provide medical advice, if you search for
medical information you must always consult a medical
professional before acting on any information provided.
Your questions, but not your email details will be shared with
OpenAI and retained for 30 days in accordance with their
privacy principles.
Please do not ask questions that use sensitive or confidential
information.
Read the full Terms & Conditions.