Archive for June, 2009

Murphy Oil Announces Samurai Discovery in the Gulf of Mexico

Wednesday, June 24th, 2009
Murphy Oil Announces Samurai Discovery in the Gulf of Mexico

Murphy Oil Corporation announced an oil discovery at the Samurai prospect located in Green Canyon Block 432 in the Gulf of Mexico. The well was drilled in approximately 3,400 feet of water to a total depth of near 31,700 feet. The well encountered in excess of 120 feet of net pay in high quality Miocene Sands. Murphy holds a 33.33% working interest... readmore

Mechel Starting New Production At Korshunov Mining Plant

Wednesday, June 24th, 2009
Mechel Starting New Production At Korshunov Mining Plant

Mechel OAO, one of the leading mining and metals companies, announces starting production for repair of type 2 BC-105 dump cars at its Korshunov Mining Plant OAO subsidiary and obtaining a permit for the repaired dump cars to be used at railways of Russia. To establish the production reconstruction of repairs and mechanics shop was performed, high... readmore

Fronteer Reports 87.5% Uranium Recovery From Auroras Pilot Plant Testing

Tuesday, June 23rd, 2009
Fronteer Reports 87.5% Uranium Recovery From Auroras Pilot Plant Testing

Aurora Energy Resources, a wholly owned subsidiary of Fronteer Development Group Inc., announce that pilot plant leaching and resin-in-pulp (“RIP”) extraction tests on the Michelin and Jacques Lake uranium deposits in Labrador (the “Michelin Project”) provide strong support for the project’s viability and production potential. Highlights... readmore

Probe Mines to Commence Drilling on McFaulds Lake Properties

Tuesday, June 23rd, 2009
Probe Mines to Commence Drilling on McFaulds Lake Properties

The Directors of PROBE MINES LIMITED announce that mobilization of field crews will commence in the next few days to begin the Company’s summer drilling campaign on its McFauld’s Lake properties. The first phase of drilling will be focused on the joint venture project with Noront Resources (TSX-V: NOT) of which Probe is Operator. Recent... readmore

Canadian Shield And Kinross Sign LOI to Form Alliance for Exploration In Peru

Tuesday, June 23rd, 2009
Canadian Shield And Kinross Sign LOI to Form Alliance for Exploration In Peru

Canadian Shield Resources Ltd. announce that it has signed a Letter of Intent with Kinross Gold Corporation. The LOI provides guidelines for the Exploration Alliance which will carry out generative exploration in a designated area of Peru. Kinross will fund US$500,000 in the generative program over a 12 month period and Canadian Shield will be the... readmore

Initial Silver Cyanide Leach Results Positive at Sierra Mojada

Tuesday, June 23rd, 2009
Initial Silver Cyanide Leach Results Positive at Sierra Mojada

Metalline Mining Company announce very positive initial cyanide leach results from the silver mineralization at Sierra Mojada, Coahuila, Mexico. Twenty three composite samples representing one hundred twenty four sample intervals from drill core into the deposit area were selected for triplicate head grade analyses prior to cyanide leach analyses at... readmore

Silver Falcon Mining, Inc. Purchases Land for Mill Site

Tuesday, June 23rd, 2009
Silver Falcon Mining, Inc. Purchases Land for Mill Site

Silver Falcon Mining, Inc., an exploration and development Company specializing in high-grade Gold and Silver mining properties in North America acquires 20 acres of property at the base of War Eagle Mountain, Idaho. Management purchased this land parcel, located in the City of Murphy, Owyhee County, Idaho, on Ridge Road, the main road to Silver City,... readmore

Hinterland Options 1661ha Ballarat Property in White River Gold Play, Yukon

Tuesday, June 23rd, 2009
Hinterland Options 1661ha Ballarat Property in White River Gold Play, Yukon

Hinterland Metals Inc. announce that it has signed an option agreement to acquire a 100% interest in the 12 claim Ballarat property located approximately 15km to the south of the Golden Saddle zone where Underworld Resources Inc. recently reported notable gold values in drill intersections. Under the terms of the option, Hinterland has agreed to pay... readmore

Western Areas-Mustang JV Commences Drilling at East Bull Lake

Monday, June 22nd, 2009
Western Areas-Mustang JV Commences Drilling at East Bull Lake

Mustang Minerals Corp. announced that a drill program at the East Bull Lake Project located 80 km west of Sudbury is commencing. The East Bull Lake Project is a joint venture with Western Areas NL, designed to investigate nickel-copper-platinum group metal (PGM) targets identified in the geophysical program. It is expected that three targets will be... readmore

Knight Resources Ltd.: Surface Exploration Program Begins at West Raglan

Monday, June 22nd, 2009
Knight Resources Ltd.: Surface Exploration Program Begins at West Raglan

Mr. Harvey Keats, Chief Executive Officer of Knight Resources Ltd., reports that Anglo American Exploration (Canada) Ltd. has approved a $3.5 million dollar exploration program for nickel- copper- PGE mineralization on the West Raglan joint venture project in Northern Quebec to be conducted during the summer of 2009. The Company has decided not to fund... readmore