Resource Estimate Confirms Pebble As One of the World’s Most Important Copper-Gold-Molybdenum Deposits
Northern Dynasty Minerals Ltd. announces an updated mineral resource estimate for the Pebble deposit at the Pebble Limited Partnership’s project site in southwest Alaska. Drilling during 2008 has substantiated the volume, grade and continuity of mineralization in the Pebble East area, leading to an overall estimate based on a database of results from 476 holes across the Pebble deposit. The deposit...
CanAlaska to undertake uranium exploration with Chinese mining partner
CanAlaska Uranium Ltd. announce that it has entered into a Memorandum of Understanding with East Nickel Mining Inc. to undertake joint exploration for uranium on its 100%-owned North East Wollaston Project. As outlined in the MOU, ERI may earn a 40% interest in the Project by undertaking a minimum of 100,000 metres of diamond drilling within 5 years. ERI may earn a 70% interest in the Project by undertaking...
Mercator Minerals Commences Producing Copper-Moly Concentrates at Its Mineral Park Mine
Mercator Minerals Ltd. announce that its new 25,000 ton per day mill has started producing copper and molybdenum concentrates at its Mineral Park Mine in Arizona, less than two years from completion of its December 29, 2006 Technical Report. “In less than two years from completion of pre feasibility, Mercator has financed, engineered, procured equipment, and constructed one of the largest and...
SIRIOS: New Au-Mo Mineralization Type Discovered on the ESCALE Property
SIRIOS RESOURCES INC. recently discovered a group of boulders mineralized in gold and molybdenum on the ESCALE gold property in James Bay, Quebec. Six boulders grading from 0.13 g/t up to 0.52 g/t in gold averaging 0.34 g/t and between 0.002% and 0.16% in molybdenum averaging 0.05% were found within an area of 300 m by 300 m. Data collected until now show a proximal source for these boulders which...
Quaterra Secures an Option to Acquire the Willow Creek Porphyry Molybdenum Prospect in Montana
Quaterra Resources Inc. announces that it has secured an option with the Willow Creek Discovery Group, LLC, to acquire 100% of the Willow Creek porphyry molybdenum prospect in southwestern Montana, 40 miles southeast of Missoula and 10 miles northwest of Phillipsburg. The Willow Creek prospect is located within the prolific northeast-trending Idaho-Montana porphyry belt, which includes major producing...
Freeport-McMoRan Copper & Gold Inc. Announces Molybdenum Production Curtailment and Plans to Defer Restart of Climax Molybdenum Mine
Freeport-McMoRan Copper & Gold Inc. announced in response to the recent sharp decline in molybdenum prices plans to reduce production from its Henderson primary molybdenum mine and to defer the restart of the Climax molybdenum mine. Molybdenum markets have been strong in recent years, averaging $30 per pound in 2007 and $33 per pound in the nine months ended September 30, 2008. Slowing demand...
Largo Continues to Report Encouraging Results From Northern Dancer Tungsten Project, Yukon
Largo Resources Ltd. announced that it has received additional results for ten (10) additional drill holes that are part of the recently completed drill program of 38 holes totalling 11,500 metres at the Company’s Northern Dancer Tungsten-Molybdenum property in the Yukon. These down-dip and in-fill holes continue to upgrade and expand the limits of the higher-grade tungsten and molybdenum zones...
Copper Fox announces private placement financing
Copper Fox Metals Inc. announce that it has entered into an arrangement to complete a non-brokered private placement with a related party to issue up to 25,000,000 units at a price of $0.12 per share for gross proceeds of $3,000,000. Each unit will consist of 1 (one) common share and one-half (1/2) of a non-transferable common share purchase warrant, each whole warrant entitling the holder to acquire...
Mercator Commences Crushing Ore at the Mineral Park Mill
Mercator Minerals Ltd. announce that it has commenced crushing and stacking ore at its wholly owned Mineral Park Moly-Copper project. The following major milestones have been completed during the construction and commissioning process to date: – The crushing, conveying and stacking system is up and running. – The 3500 hp. SAG mill motors have been run in and the SAG mill is...
Carrizo Oil & Gas, Inc. and Avista Capital Partners Announce Formation of Joint Venture in Marcellus Shale
Carrizo Oil & Gas, Inc. and Avista Capital Partners announced that they have entered into a joint venture to pursue growth opportunities in the Marcellus Shale. Under the terms of the agreement, Carrizo and Avista have each committed to contribute up to $150 million in cash and properties to acquire and develop acreage in the Marcellus Shale play, including the dedication of all of their respective...
Latest Mining News
Nass Valley Gateway signs agreement to acquire three gold prospects, Kirkland Lake Mining Camp, Ontario, Canada
NASS VALLEY GATEWAY LTD., announce the signing of an Acquisition Agreement with Golden Dawn...
Buckingham Exploration Inc. options new property and completes disposal of Colorado subsidiaries
Buckingham Exploration Inc. announce that it has optioned the Lady Ermalina Chemainus Claims...
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