Glen Rose Petroleum Corporation on Udit option

Glen Rose Petroleum Corporation which was also known as formally United Heritage Corporation, announced that it has just received a going concern opinion from its auditor relating to its financial statements filed on July 14, 2008 with its Form 10-K or the period ended March 31, 2008. That opinion from Hein & Associates LLP states:The [...]

Posted by Dahlan on July 22nd, 2008 In General, Oil and Gas

Madsen Dewatering Passes Important Milestones

Claude Resources Inc. announced that the dewatering of the shaft at the Madsen mine at Red Lake, Ontario passed the 11th Level on July 14, 2008.
The dewatering process remains on track to enable Claude Resources to commence underground drilling from the 12th Level, as previously announced, in the 4th Quarter 2008.
Concurrently, the certification received on [...]

Posted by Memble on July 21st, 2008 In Oil and Gas, Press Release

Waratah Coal Confirms Worley Parsons Appointment to Galilee Basin Coal Project

Waratah Coal announced that it has engaged energy and resources engineering company Worley Parsons as lead consultant and project manager for its proposed A$5.3B mine, rail and port development in Central Queensland, Australia. Waratah Coal President and CEO Peter Lynch said “we are glad to have secured the services of such a highly regarded and [...]

Posted by Memble on July 21st, 2008 In Coal Mining, Press Release

Loreto Resources Corporation Appoints Luis Saenz CEO and President

Loreto Resources Corporation is pleased to announce that Mr. Luis Saenz has joined the Company as our CEO, President and Director effective today, July 21, 2008.
Mr. Saenz brings an extensive track record of mining industry leadership to Loreto Resources. With over 15 years of industry experience, Mr. Saenz was most recently employed at Standard Bank [...]

Posted by Memble on July 21st, 2008 In General, Press Release

USR Technology, Inc. Announces Letter of Intent With Euroslot SA Valued at $2 Million

USR Technology, Inc., is pleased to announce that it has entered into a Letter of Intent, dated July 3, 2008, with Euroslot SA, a private French company which specializes in the production of metallic filtration separation media for the oil and gas drilling industry.
The letter of intent with Euroslot addresses two principal areas. The first [...]

Posted by Memble on July 21st, 2008 In Mining Equipment, Mining Stocks, Oil and Gas, Press Release

Strathmore Provides a Progress Update for Its Mine Permit Activities at George-Ver Uranium Property, Gas Hills District, Wyoming

Strathmore Minerals Corp. is pleased to provide a progress update to shareholders on the ongoing mine permitting activities at the George-Ver Property, Gas Hills Uranium District, Wyoming. The property is owned by Strathmore’s wholly owned U.S. subsidiary, Strathmore Resources (US) Ltd. and the mine permitting activities are overseen by personnel in the Company’s Riverton, Wyoming [...]

Posted by Memble on July 21st, 2008 In Press Release, Uranium Mining

G & S Minerals Completes Company Audit; Improves Transparency and Public Disclosure

G & S Minerals, Inc. dba Gold & Silver Minerals, a mining company focused on developing high-quality and low-risk mineral resource and energy prospects, today announced that the Company has completed its audited financial statements for the years ended December 31, 2007 and 2006 and completed its unaudited interim financial statements for the three- and [...]

Posted by Memble on July 21st, 2008 In Mining Stocks, Precious Metal, Press Release

Quest Initiates Infrastructure Upgrades for More Coal Production At Pond Creek

Quest Minerals & Mining Corp., a Kentucky based operator of energy and mineral related properties, announced today that it has purchased the necessary materials to replace and upgrade their existing 36“ beltline to a larger 42” beltline.
Everett Hampton, President of Whitestar Mining, LLC. commented, “The larger conveyer system is a key improvement as it will [...]

Posted by Memble on July 21st, 2008 In Coal Mining, Press Release

Mammoth Energy Group, Inc. Announces Update Letter From Drilling President

Mammoth Energy Group, Inc. announces that they have recently received a letter from the contracted driller giving the situation update.
The contracted driller stated, “Due to the substantial rainfall in Northern Oklahoma amassing to over twenty inches of rain in the month of June, has caused major bottlenecking issues with the contracted drill date. With weather [...]

Posted by Memble on July 21st, 2008 In Oil and Gas, Press Release

Frontera Copper Provides Update on Operations

Frontera Copper Corporation provided an update on the Piedras Verdes operations.
Second Quarter 2008 Operating Highlights
– Copper cathode sales of 9.9 million pounds
– Average cash cost of $2.36 per pound
– Closing cash balance of $19.4 million
During the second quarter of 2008, the Piedras Verdes operations produced 9.8 million pounds and sold 9.9 million [...]

Posted by Memble on July 21st, 2008 In Copper Mining, Press Release