AuEx Ventures Exploration Program Commences at Long Canyon and West Pequop

AuEx Ventures, Inc., a precious metals exploration company announce that core and reverse circulation drilling has commenced at both the Long Canyon and West Pequop Joint Ventures located in the Pequop Gold District in Elko County, Nevada. Long Canyon is a joint venture with Fronteer Development Group Inc. who owns 51% and is operator. West Pequop is a joint venture with Agnico-Eagle Mines Limited... 

Powertech Submits UIC Permit Application at Dewey-Burdock

POWERTECH URANIUM CORP. announce that, through its wholly owned subsidiary Powertech (USA) Inc., it has submitted its first major permit application for the Dewey-Burdock Project to the United States Environmental Protection Agency (“EPA”). The EPA issues one of three major permits that will allow development of the Company’s Dewey-Burdock Project in the Edgemont Uranium District... 

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Gran Tierra Energy Announces US$198 Million 2009 Capital Program

Gran Tierra Energy Inc., a company focused on oil exploration and production in South America, announced a capital spending program of US$198 million for exploration and production development operations in Colombia, Peru, and Argentina for 2009. This budget includes the drilling of seven exploration wells and six development wells in Colombia, in addition to seismic acquisition programs in Colombia,... 

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Oil Purification Systems Establishes New Oil and Gas Business Unit

Oil Purification Systems, the leader in fluid cleaning technology, today announced the formation of a new Oil and Gas Business Unit, and the appointment of Steve Carroll as president of the group. The newly formed business unit was established to provide additional support for OPS’ current and prospective customers in the oil and gas industry. Carroll joins OPS as president of the Oil and Gas Business... 

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Stingray Receives Acid Plant Cost Estimates for Feasibility Study at El Pilar Copper Project, Mexico

Peter Mordaunt, Chairman and CEO of Stingray Copper Inc. reports that the Corporation has received independent cost estimate proposals for the construction of a commercial acid plant capable of producing sulfuric acid, a necessary operating requirement at the El Pilar oxide copper project located in Sonora, Mexico. In the metallurgical process being studied for the El Pilar project, sulfuric acid is... 

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SRK Updates Preliminary Economic Assessment for Pampa de Pongo Iron Deposit

Cardero Resource Corp. announce that SRK Consulting has updated the recent Preliminary Economic Assessment for the Pampa de Pongo iron deposit. The increased NPV and IRR result from the positive MIDREX Direct Reduction material evaluation (See NR 08-25), which demonstrated the suitability of Pampa de Pongo iron oxide pellets as Direct Reduction (DR) process feed. DR-grade pellets typically attract... 

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Advanced Explorations Inc. Focuses Plans on an Iron Nugget Plant

Advanced Explorations Inc. announce that it intends to strengthen its Roche Bay Project in Nunavut with the addition of an iron nugget plant. Following the lead of Steel Dynamics Inc. (“SDI”) and others, AEI plans to utilize the MIDREX/Kobe Steel ITmk3® Process to produce “pig iron” nuggets which are higher in grade (~98% Fe) and sell at a price multiple to the traditional... 

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Infinito Awards Project Financing Mandate to BNP Paribas

Infinito Gold Ltd. announce that it has signed an engagement letter under which it has given BNP Paribas an exclusive mandate to act as lead arranger of a $US 66 million debt financing facility to complete the construction and start-up of Infinito Gold’s 100% owned Crucitas Gold Mine Project located in north central Costa Rica. The financing is subject to BNP Paribas completing its due diligence... 

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Wavefront Energy & Environmental Services Inc. – Eight Powerwave systems to energize waterflood

Wavefront Energy and Environmental Services Inc., a world leader in fluid injection technology for improved/enhanced oil recovery and groundwater restoration is pleased to announce that a Calgary-based, oil and gas company will deploy eight Powerwave systems in a commercial project located in the Alberta/Saskatchewan heavy oil belt. Wavefront President and CEO Brett Davidson stated, “We are excited... 

Virgin Metals Files Technical Reports on Los Verdes and Cuatro Hermanos

Virgin Metals Inc. has filed technical reports on SEDAR on both of its 100% owned molybdenum/copper projects in northern Mexico, Los Verdes and Cuatro Hermanos. The Los Verdes report, entitled Pre Feasibility Study, Los Verdes Project reveals a project that demonstrates robust economics at metal prices well below current prices. The reserve demonstrated in the study of 7.05 million tonnes at grades...