BonTerra Resources Inc. (TSX VENTURE:BTR) (FRANKFURT:9BR) announces the receipt of the first set of gold assays for its ongoing channel sampling program on its Eastern Extension Property in the Urban-Barry Greenstone Belt of Quebec.
Bolero Resources Corp. (TSX VENTURE:BRU), (FRANKFURT:U7N1) has announced the acquisition of 13 mineral claims covering over 11,620 acres of lands highly prospective for Rare Earth Elements and previously owned as part of Spectrum Mining Corporation's "Wicheeda" Rare Earth Element discovery.
Bayfield Ventures Corp. (TSX VENTURE:BYV) (FRANKFURT:B4N) has announced the expansion of its Rainy River drill program to 50,000 metres from the current 20,000 metres on its 100% owned Rainy River properties in the Rainy River District of north-western Ontario.
Azimut Exploration Inc. has announced a major copper (gold, silver) discovery on its 100%-owned REX property in Nunavik, Quebec. The mineralization, which occurs over a largely outcropping zone several kilometres long and about 100 metres wide or more, was discovered during an initial exploration program conducted on the property this summer.
Avino Silver and Gold Mines (TSX VENTURE:ASM)(OTCBB:ASGMF)(BERLIN:GV6)(FRANKFURT:GV6) has started its bulk sampling program at the San Gonzalo mine northeast of Durango, Mexico.
Ascot Resources Ltd. (TSX VENTURE:AOT) has announced the results for the first diamond drill hole (MM-10-01) on the Mt. Margaret property in the St. Helens Mining District of Skamania county in Washington State.
Alturas Minerals Corp. (TSX VENTURE:ALT)(BVLAC:ALT) announces assay results from the first five diamond drill holes completed as part of the first phase drill program at its La Corina property in northern Chile
In Chile the after effects of the miners rescue can be seen in a bill proposed by President Sebastian Pinera. The bill seeks to raise mining royalties from a range of 4 to 5% as currently paid to a range of 4 to 9% depending upon operating margins. This will eventually be raised to a range of 5 to 14% by the year 2018.
By Joel Scanlon
14 Oct 2010
A Colorado based coal industry group, the Colorado Mining Association, has asked two public utilities commissioner to excuse themselves from considering a plan by Xcel Energy (NYSE:XEL). The plan involves the company switching some power plants to run on natural gas rather than on coal.
By Dr. Cameron Chai
14 Oct 2010
Reserve Bank of Australia board member Warwick McKibbin said that the mining boom in Australia and its economic effects would be better managed if the national policies were sharper. Of the large surge of income into the economy he said that all tools of policy have to be focused on the key issue facing the country, the resources boom.
By Dr. Cameron Chai
14 Oct 2010
Coal & Allied Industries Ltd (ASX:CNA) has scaled down their full year coal production and sales forecasts. The company said that due to the wet weather they anticipated about 25 million tonnes for the calendar year 2010 which is lower than the previous guidance of 27 million tonnes.
The Chief Executive of Woodside, Don Voelte announced that he would be returning to his native US after handing over the responsibilities for the group's two highly complex growth projects Browse and Sunrise. The 57 year old has been at the helm of the company for seven years now.
The Mining Association of BC congratulates the international team of mine rescue workers that successfully rescued all 33 miners trapped underground since August 5th at the San Jose copper and gold mine in Copiapo, Chile.
Kaminak Gold Corporation (TSX VENTURE:KAM) today announced the fourth significant drill discovery on the Company's 100% owned Coffee property, located in the White Gold District, Yukon Territory.
Cayden Resources Inc. (TSX VENTURE:CYD) has announced receipt of ZTEM and magnetic airborne geophysical survey results for the Wildcat property in north-central British Columbia.