Golden Chalice Resources Discovers New W3 Target Area at Langmuir

Golden Chalice Resources announce the discovery of new nickel mineralization approximately 500 meters east of the Langmuir Nickel Discovery Zone at its Langmuir Property, 35 km southeast of Timmins, Ont. Hole GCL09-11, the last hole of the 2009 winter drilling program, returned elevated nickel mineralization grading up to 0.34% nickel over a 2.4-meter drilled width from 372.50 to 374.90 meters, which... 

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Waratah Announces Exploration Target in the Range 205 to 415 Billion Tonnes of Coal at Its Galilee Basin Project

Waratah Coal Inc announce a coal exploration target of 205 – 415 Billion tonnes in its Galilee Basin tenements and tenement applications. The exploration target has been declared following a broader tenement study using current and historical data. This data includes exploration drilling from the known resources previously declared by Waratah and others. Additionally it draws on petroleum well... 

Teton Energy Corporation Announces Williston Basin Participation Agreement

Teton Energy Corporation and the other working interest owners at the Goliath Prospect (American Oil & Gas, Inc. (50%), Sundance Energy Australia Limited (5%) and privately held Evertson Energy Partners LLC (20%) have signed a participation agreement with Red Technology Alliance LLC (“RTA”), which gives RTA the option to fund 100% of the drilling, completion and equipping of up to... 

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Doral Energy Acquires Permian Basin Assets, Financed With $50 Million Credit Facility From Macquarie Bank Limited

Doral Energy Corp , an oil and gas exploration and production company, announced today that it has completed the acquisition of leaseholds on over 7,800 acres of producing oil and gas property on the northwestern end of the resource-rich Permian Basin in Eddy County, New Mexico (the “Eddy County Properties”). In order to complete the acquisition of the Eddy County Properties, Doral entered... 

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Uruguay Mineral Exploration Inc: Exploration Report for the Fourth Quarter Ended 31 May 2008

Uruguay Mineral Exploration Inc reports on the results of exploration activities during the quarter ended 31 May 2008. David Fowler, Chief Executive Officer commented: “We have made good progress in the fourth quarter towards achieving our exploration objectives; results overall have been encouraging. “Near the mine, we have had better results in the deep drilling program at Arenal and have identified... 

Oromin Announces Prospective Oil Resources at Its Santa Rosa Prospect in Argentina

Oromin Explorations Ltd. is pleased to announce the receipt of an independent report (the “Santa Rosa Evaluation”) from Aeon Exploration Inc. of Calgary, Alberta (“Aeon”) that provides an evaluation of prospective resources with respect to its 100% owned CCyB-9 Santa Rosa exploration permit and exploitation concession on a property located in the Cuyana Basin in the Province... 

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Twiggy’s iron ore export dream closer

It’s taken almost four years and $3 billion, but Australia’s wealthiest individual Andrew “Twiggy” Forrest is about to turn his iron ore dream into reality. The first commercial export shipment of his Fortescue Metals Group Ltd is due to commence loading on Thursday at Port Hedland in Western Australia’s remote Pilbara region. The iron ore is from Fortescue’s Pilbara... 

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Mitsubishi to Develop A$3 Billion Iron Ore Project

Mitsubishi Corp., Japan’s largest trading company, and Murchison Metals Ltd. agreed to jointly develop a A$3 billion ($2.5 billion) iron ore project in Australia amid soaring demand for the steelmaking ingredient. The two companies want to build a port, railroad and develop the Jack Hills mine in Western Australia state, Tokyo- based Mitsubishi said in a statement on its Web site today. Australia... 

Arctic takes brunt in dirty fight over oil

THE world’s largest untapped oil reserves – in the Canadian Arctic – have become the new front line in the battle between environmentalists and the energy industry. Shell, a self-styled “green” energy company, is to invest billions of dollars in exploiting the Athabasca tar sands. Environmentalists say the tar sands are the world’s dirtiest oil deposits and that... 

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Yilgarn Australia in iron ore rail deal with China

Iron ore infrastructure group Yilgarn Infrastructure Ltd. said the Export-Import Bank of China had signed a letter of intent to provide A$1.5 billion ($1.3 billion) in debt financing for its planned Oakajee port and rail project in Western Australia. Yilgarn, which plans to list on the Australian Stock Exchange, is carrying out a feasibility study into construction of the A$2 billion project, which...