Alexco Resource Corp. (TSX:AXR)(NYSE Amex:AXU) has announced that step-out surface exploration drilling conducted to the southwest of the newly commissioned Bellekeno Mine has successfully located high grade lead-silver mineralization approximately 130 meters down plunge from the existing Bellekeno resource.
Lara Exploration Ltd. (TSX VENTURE:LRA) has reported that it has discovered a new high sulphidation epithermal gold target at Pitusaja on its Sami Gold Project in the Ayacucho region of southern Peru.
Northgate Minerals Corporation (TSX: NGX, NYSE Amex: NXG) has reported assay results for the final 16 drill holes from its infill diamond drilling program at the Kemess Underground Project located five kilometres north of its Kemess South mine in north-central British Columbia.
Vantex Resources Ltd. (TSX VENTURE:VAX) has announced an intersection of 1.39 g/t Au over 15 meters in drill hole VHD10-34, located in the GP zone, along the hole.
Otis Gold Corp. (TSX VENTURE:OOO) has announced that it has executed an agreement to purchase a 100% interest in the Kilgore Gold Project and related assets from Bayswater Uranium Corporation for staged payments of US$1.75 million and 2.0 million shares.
Estrella Gold Corporation (TSX VENTURE:EST) has announced it has established a new corporation in the Dominican Republic to acquire and explore gold and copper properties.
Brigus Gold Corp. (NYSE Amex: BRD)(TSX: BRD) has received assay results from 12 drill holes totalling 5,327 metres as part of an ongoing exploration program at the Company's 100% owned Black Fox Complex located in the Timmins Mining District, Ontario.
BACANORA MINERALS LTD. (TSX VENTURE:BCN) has announced the initiation of a drilling campaign in the recently acquired lithium project of "La Ventana", located in eastern Sonora, Mexico.
The world's biggest aluminium and alumina producer, RUSAL has partnered with Indian company Gujarat Foils Ltd. to set up an alumina refinery and aluminium smelter in the Kutch district of Gujarat state, India. The total investment in this endeavour will add up to 140 billion rupees.
By Joel Scanlon
30 Nov 2010
The company is believed to have acquired a 37% stake in the Vlakplaats coal mining project for US$ 13.8 million from the Australian company Continental Coal.
By Joel Scanlon
30 Nov 2010
Rubicon Minerals Corp saw its share price rise more than 33% as it reported that the Phoenix gold project of the company may have up to 4 million ounces of gold. Located in Red Lake in Ontario the deposit is close to Goldcorp’s Red Lake mine in north western Ontario.
By Dr. Cameron Chai
30 Nov 2010
Yamana Gold has said that it is likely to boost production at two new gold mines it owns. New discoveries made during exploration may raise the level of the production estimated at the feasibility study stage.
By Dr. Cameron Chai
30 Nov 2010
Work at the St Andrew Goldfields Ltd owned Holt gold mine has come to a halt. The mine located east of Timmins in Ontario was damaged in part in an accident on Friday afternoon. No mine workers were injured in the accident.
Leucadia National Corporation (LUK - NYSE) announced today that it has reached a binding agreement with Inmet Mining Corporation (IMN - TSX) providing for the acquisition by Inmet of Leucadia's 30% indirect equity interest in and subordinated sponsor loans to the Cobre Las Cruces copper mining project for total value of US$480 million.
European Goldfields Limited (AIM: EGU / TSX: EGU) has announced highly encouraging exploration results from its initial drilling programme in Turkey.