Precious Metal

Drilling raises hopes of more Olympic gold

Drilling at BHP Billiton’s Olympic Dam copper/uranium/gold project in outback South Australia has been yielding tantalising gold results. Already in line for a huge upgrade in its resource base in September, the latest results point to gold becoming more important in Olympic Dam’s revenue mix, which is now dominated by copper. BHP has yet... 

Buffalo Begins Drilling at its Hannah Nickel-Copper Property in Western Australia and Appoints New Directors

Buffalo Gold Ltd. is pleased to announce that reverse circulation percussion drilling will begin this week at it Hannah Nickel-Copper-PGE property in Western Australia. The initial drill program at Hannah will be comprised of at least 500 metres and will focus on the main target, part of a six kilometre long magnetic anomaly with a coincident gravity... 

Tournigan Acquires Arizona Uranium Claims

Tournigan Gold Corporation (TSX VENTURE:TVC.V ) is pleased to announce the acquisition of 413 federal lode mining claims covering 8,260 acres in the historic “Arizona Strip” uranium district in the Colorado Plateau of northern Arizona, USA. The claims cover known or potential uranium mineralization hosted in “collapse” breccia... 

Mines Dig Deep for College

Barrick North America and Newmont Mining Corp., two titans in the worldwide gold mine industry, have teamed up to ensure northeastern Nevada’s No. 1 industry will have the skilled workers it needs to sustain itself for many years to come. And they aren’t alone, but more help is needed. The partnership was formally recognized Wednesday at... 

Hy-Drive Technologies announces invitation to mining expo by MTI

Hy-Drive is pleased to announce their upcoming involvement in the 2006, 21st annual Elko Mining Expo, in Elko Nevada. This invitation stems from the very positive results generated by Mining Technologies Inc. (MTI) in its recent testing of Hy-Drive’s Hydrogen Generating System (HGS) units on certain mining equipment as contemplated in the previously... 

Jaguar Mining Inc. increases Turmalina gold resources to 730,000 oz

Jaguar Mining Inc. (“Jaguar”) (JAG-TSX) recently completed Phase III of its drilling program at Turmalina and has increased its measured and indicated gold resources from 562,000 oz contained in 2,495,000 tonnes grading 7.0 g/t to 732,848 oz contained in 3,326,363 tonnes grading 6.85 g/t on the extensions of the Main and Northeast Zones.... 

Century Mining Establishes Milestone Progress on Lamaque Underground Phase I Exploration and Development Program

Century Mining Corporation (TSX VENTURE:CMM) announces that initial inspections of the main surface decline to gain access to the underground Lamaque workings have now reached the 1500 level in the Lamaque mine. The company announced initial progress on the main decline inspection on May 10, 2006. Conditions encountered in the decline between the 775... 

Mining to give Rapu-Rapu folk P2/day — Greenpeace

EACH Rapu-Rapu resident stands to gain only 2 pesos per day for the seven-year duration of the Lafayette Phil. mining project, contrary to the Australian company’s claim that mining will enrich the island’s 30,000 people, according to a socioeconomic report commissioned by the Greenpeace environment group. The study, titled ”Fool’s... 

U.K. Stocks Climb, Led by BP; Rio Paces Rally in Mining Shares

U.K. stocks rose, led by BP Plc. Rio Tinto Group and BHP Billiton led a rally among mining companies. The FTSE 100 Index added 73, or 1.3 percent, to 5635.90 at 8:42 a.m. in London, trimming its weekly loss to 2.2 percent. The FTSE All-Share Index increased 40.54, or 1.4 percent, to 2865.78. Ireland’s ISEQ Overall Index climbed 1.3 percent to...