Greystar Resources Ltd. (TSX:GSL)(AIM:GSL) has announced that diamond drilling on the northern margin of the proposed pit shell of the multi-million ounce Angostura deposit in northeastern Colombia has returned some of the highest gold-silver grades encountered to date.
Creso Exploration Inc. (TSX VENTURE:CXT) (OTCQX:CRXEF) (FRANKFURT:C3X) has reported that its diamond core drilling campaign to date in 2010 has exceeded 8,700 meters jointly at the Minto, Duggan, and Gold Corona areas that lie within the Company's broader holdings totaling over 280 km² in the Shining Tree Project in northeast Ontario.
Bison Gold Resources Inc. (TSX VENTURE:BGE) has announced that drilling commenced on the Central Manitoba Property on November 30, 2010 and the first drill hole has been completed.
BonTerra Resources Inc. (TSX VENTURE:BTR)(FRANKFURT:9BR) announces the second phase of drilling is underway on the discovery zone of the Eastern Extension property.
Avion Gold Corporation (TSX VENTURE:AVR)(OTCQX:AVGCF) has announced new drill results for 16 holes that tested the Tabakoto Pit area cross structures and for 6 holes that tested the Dioulafoundou zone.
Aurizon (TSX:ARZ; AMEX:AZK) has announced a new series of drill results from the exploration program on the Fayolle project located 20 kilometres north-east of Rouyn-Noranda, Québec and 10 kilometres north of Aurizon's Joanna project.
Exploration drilling of the sulphide ore zone below the Teberu 04 pit continues to generate excellent intersections and significant sulphide mineralisation has been intersected from the first of the drill holes at Salman South.
Kumba Iron Ore Ltd., the unit of Anglo American Plc disputing South Africa’s award of prospecting rights over its Sishen deposit to another company, said Chairman Lazarus Zim resigned as a result of a conflict of interest.
Qantas may have wanted to boost profits by acquiring Network Aviation which focuses mainly in the 'fly in fly out' activity in the mining regions of Australia, but it has stirred up a hornet's nest.
By Dr. Cameron Chai
16 Dec 2010
The Afghanistan government has approved the concept of western investors taking a stake in the Afghan mining industry.
By Dr. Cameron Chai
16 Dec 2010
B2Gold Corp has announced positive results at its Nicaragua mine. At the La Libertad mine the company has found drill results that would enhance the currently projected life span of the mine and increase the gold production at the project. As of now the life of the mine has been pegged at seven years.
Kinross Gold Corp has sold its small stake in the Osisko Mining Corp. The gold mining company sold 6.8 million shares for about $100 million at a rate of $14.70 per share. This constituted about a 1.8% stake in the Osisko Mining Corp.
The Peso in Chile shot up for the tenth day running as bigger than forecast retail sales in the US boosted it.
By Joel Scanlon
16 Dec 2010
A joint venture agreement has been signed by Russia and Mongolia to develop the largest untapped uranium field in the world. The uranium mine in Mongolia will be developed with Russian investment in the first stage of the project.
By Joel Scanlon
16 Dec 2010
Uranium One Inc. and JSC Atomredmetzoloto today jointly announced that ARMZ has entered into a definitive agreement to acquire all of the issued shares of Mantra Resources Limited pursuant to an Australian Scheme of Arrangement.