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Random News from Mining Top News

Endeavour Launches Onshore U.S. Exploration Campaign

Endeavour Launches Onshore U.S. Exploration Campaign

…  wells on the discovery will be based on the production performance of the Cochran #1 discovery well and determination of the most likely drainage area. “For some time, we have been working to establish an exploratory and producing …

January 9th, 2009

Stratic ceases operations on Well 16/2b-5A in UK North Sea

Stratic ceases operations on Well 16/2b-5A in UK North Sea

Stratic Energy Corporation announces that following a series of operational difficulties, Stratic and its joint venture partner have decided to cease operations on well 16/2b-5A in the UK North Sea. The operational difficulties included an unsuccessful  …

January 9th, 2009

Great Western Minerals to Acquire Heavy Rare Earth Element Enriched Property in New Brunswick

Great Western Minerals to Acquire Heavy Rare Earth Element Enriched Property in New Brunswick

…  to regulatory approval. This property is located in a mining-friendly jurisdiction, with excellent infrastructure nearby. The major …  vein that has been traced on surface for 800 metres along strike, with an apparent width of up to 50 metres. As part …  Earth Oxide (”TREO”) to 1.0% TREO with very low values for potentially deleterious uranium and thorium. While the overall TREO grade …

January 9th, 2009

Wallbridge Mining Company to Continue Exploration at Pele Mountain’s Sudbury Nickel Project

Wallbridge Mining Company to Continue Exploration at Pele Mountain’s Sudbury Nickel Project

…  Mountain Resources Inc. announced that Wallbridge Mining Company Ltd. has fulfilled its option commitment at Pele’s Sudbury …  contact and footwall of the Sudbury Igneous Complex, which forms the outer rim of the Sudbury Basin, as well as within offset dikes that …

January 9th, 2009

Orex Closes Flow-Through Private Placement for its Phase 2 Exploration Program at Goldboro

Orex Closes Flow-Through Private Placement for its Phase 2 Exploration Program at Goldboro

…  (a division of Limited Market Dealer Inc.), has subscribed for 5,600,000 units representing $420,000. Each unit at a price of $0.075 …  one non-flow-through share at a price of $0.10 per share for a period of 12 months and at $0.15 per share for the following 12 months. …

January 9th, 2009

PMCC Moves to Set Aside Security Granted by ICMI

PMCC Moves to Set Aside Security Granted by ICMI

…  including Platinum Partners Value Arbitrage Fund L.P., and for a declaration invalidating certain grants of security interests over ICMI’s assets, including the Pachapaqui Mine. PMCC’s application for an injunction restraining ICMI from making further redemption rights …

January 9th, 2009

Index Oil and Gas Announces Production Begins From Cochran No. 1 Discovery in South Texas

Index Oil and Gas Announces Production Begins From Cochran No. 1 Discovery in South Texas

…  of Index. “Initial data indicates that the well is performing as expected. Drilling of the first appraisal well could be as early as …

January 8th, 2009

Phoenix Coal Inc. secures permits for Radio Hill section of Briar Hill surface mine

Phoenix Coal Inc. secures permits for Radio Hill section of Briar Hill surface mine

…  has now secured all of the necessary permits to begin mining on the Radio Hill section of the Briar Hill surface mine (”Radio Hill”) …  the Kentucky Division of Surface Mining Reclamation and Enforcement for Radio Hill. Mine development work has already commenced at …

January 8th, 2009

High Desert Gold Corporation Announces Results of Its Substantial Issuer Bid

High Desert Gold Corporation Announces Results of Its Substantial Issuer Bid

…  the results of its substantial issuer bid to purchase for cancellation a maximum of 36,000,000 common shares of the Company at a …  of these validly deposited HDG Shares and payment, therefore, will be made as soon as practicable in accordance with the Offer. The …

January 8th, 2009

NovaGold Completes Disposition of Alexco Shareholding

NovaGold Completes Disposition of Alexco Shareholding

…  NovaGold is no longer deemed a reporting insider of Alexco for Canadian securities law purposes. Mr. Rick Van Nieuwenhuyse, NovaGold’s …

January 8th, 2009