Animas Resources Ltd. (TSX VENTURE:ANI) reports our gold and multi-element analytical results for a 16 drill-hole exploration program completed at the Golden Arrow gold-silver prospect Nevada. No intervals of substantial gold mineralization were encountered, but several holes encountered anomalous gold and pathfinder element enrichments in strongly-altered volcanic rock that must be interpreted within the larger geological setting:
Andina Minerals Inc. (TSX VENTURE:ADM) today announced the expansion of its 2010-2011 Field Season campaign from 20,000 m to 31,600 m and the commencement of drilling activities. Budgeted drilling now includes a 10,000 m Strategic Exploration Program and 21,600 m's of Development Drilling including condemnation, metallurgical, geotechnical and water testing. The 2010-2011 field campaign began in November 2010 and is scheduled to conclude in May 2011 with the onset of the Andean winter season.
Indochine Mining Limited (ASX:IDC) began trading on the Australian Securities Exchange yesterday. The newly listed company is a large scale gold and copper explorer.
By Joel Scanlon
9 Dec 2010
Papua New Guinea (PNG) hopes to build its own gold refinery which would be operated in a joint public and private partnership.
By Joel Scanlon
9 Dec 2010
The two large Australian mining companies BHP Billiton and Rio Tinto are unhappy about the changes being written into the mining tax post-election. This was made evident to the Senate select committee that is investigating the proposed Minerals Resource Rent Tax (MRRT) in Melbourne.
The restructuring of the Beaconsfield gold mine in Tasmania has led to the retrenchment of 85 underground mine workers. The restructuring of the mine is part of the effort to put it back on a profitable footing. Of the miners who have lost their jobs around 40 will be rehired by the contract mining group Webb Contractors.
By Joel Scanlon
9 Dec 2010
To fund a mine expansion the Australian company Fortescue Metals Group Ltd is planning a $800 million bond sale. The money from the funds raised will be used for infrastructure expansions of the company's operations in the Pilbara region of Western Australia.
Montreal-based La Mancha Resources has confirmed that mining activities at their gold mine in the Cote d'Ivoire are running as normal. On Tuesday Newcrest Mining had said that it was suspending operations in the country due to the tensions caused by the disputed elections.
Teras Resources Inc. (TSX VENTURE:TRA): Peter Leger, President and Chief Executive Officer of Teras has announced results from the first diamond drill hole completed at the Cahuilla gold-silver project in Imperial County, California.
Sama Resources Inc. has announced that drill programs to date have successfully confirmed the mineralized potential within the 446 square kilometre district-scale Samapleau project area including at the main Samapleu nickel, copper and platinum group metals deposit and the subsequently discovered, entirely new, mineralized bodies up to several kms from the Main Samapleu deposit.
U3O8 Corp. (TSX VENTURE:UWE) a Canadian-based company focused on exploration and resource expansion of uranium and associated commodities in South America, reports grades of uranium, phosphate, vanadium, yttrium, rhenium, silver and molybdenum intersected in its first drilling of the Berlin Project in Caldas Province, Colombia.
Hathor Exploration Limited (TSX VENTURE:HAT) has provided the final chemical assays for its 2010 summer drill program on it's Midwest Northeast Property, Athabasca Basin, Saskatchewan.
REC Minerals Corp. (TSX VENTURE:REC) has announced that it has entered into a contract with Geotech Ltd. to carry out a VTEM (helicopter-borne versatile time-domain electromagnetic) geophysical survey over its recently acquired 10,240 acre Borden Lake South gold property.
Stratabound Minerals Corp. (TSX.V:SB) has report the results of an updated mineral resource estimate for the company's 100%-owned Captain copper-cobalt deposit located in the Bathurst Mining Camp of northeastern New Brunswick.
US GOLD CORPORATION (NYSE:UXG)(TSX:UXG) has announced the discovery of three gold-bearing veins near the company's El Gallo Project in Sinaloa state, Mexico.