Hidalgo Mining International Issues Update on Gold Hill Project Joint Venture

Hidalgo Mining International, Inc. announce that its Joint Venture partner, North Bay Resources Inc., has staked additional strategic claims adjacent to the Gold Hill Project currently under joint-venture with Hidalgo. The new claims are now included within the scope of the ongoing joint-venture and cover 365 acres adjacent to the Erie-Arlington Mine, which is one of the principal target areas of the... 

Tag: news update of gold, 5 88 grams per tonne of gold, gold hill project, us fuel mining international inc

North Bay Completes Joint-Venture Agreement on the Gold Hill Project

North Bay Resources Inc. announce that it has finalized and signed a contract with Hidalgo Mining International Inc. to engage in a joint-venture for the development of North Bay’s Gold Hill Project in British Columbia, Canada. Terms of the agreement call for Hidalgo to commit up to $1.25 million USD over three years for developmental drilling and surface ore recovery. North Bay and Hidalgo will... 

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Hidalgo Announces Agreement Signed With North Bay on Gold Hill Project

Hidalgo Mining International Inc. announce that it has signed a Letter of Intent with North Bay Resources Inc. to enter into a joint-venture for the development of North Bay’s Gold Hill Project. Terms of the agreement will be announced once a formal contract has been executed. The Gold Hill Project covers 5,887 acres near the village of Salmo in southeastern British Columbia. The property includes... 

Capstone Reports Minto Mine Connected to Yukon Electrical Grid

Capstone Mining Corp. announced that its Minto copper-gold mine in the Yukon was officially connected to Yukon Energy’s electrical grid at a ceremony attended by the Premier of the Yukon, the Minister of Economic Development, the Minister of Energy Mines & Resources and Stephen Quin, President & COO of Capstone. “Connection to Yukon Energy’s electrical grid represents the... 

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NovaGold Sells Ambler Project and Early Stage Base Metal Properties to Mantra Mining For $20 Million in Shares

NovaGold Resources Inc. announced that it has reached a binding agreement to sell its interest in the Ambler Option Agreement, representing up to a 51% interest in the Ambler copper-zinc polymetallic project, along with its early stage base metal properties in Alaska for $20 million in common shares of Mantra Mining Inc.. Under the agreement Mantra will issue 6.25 million common shares having a current... 

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Internet buyers have large presence at Ritchie Bros. Las Vegas unreserved auction

Ritchie Bros. Auctioneers, the world’s largest industrial auctioneer, conducted an unreserved public auction on August 15, 2008 in Las Vegas with auction proceeds in excess of US$30 million. More than US$29 million of trucks and equipment (representing 95 percent of the total gross auction proceeds) was sold to buyers from outside the state of Nevada with 41 percent of items available for sale... 

Company says it can meet requirements for ID cobalt mine

BOISE, Idaho – A Canadian company that wants to mine cobalt in central Idaho says it can meet the requirements outlined in a draft environmental impact statement released earlier this week by the U.S. Forest Service. But an environmental group is concerned that the statement contains no information on how much money the company would be required to put down to pay for potential cleanup costs. The... 

EPA Requiring Separate Permit for Proposed Kennecott Mine in Michigan’s Upper Peninsula

Kennecott Minerals Co. will have to obtain at least one federal permit before drilling a nickel and copper mine in Michigan’s Upper Peninsula, the U.S. Environmental Protection Agency says. The company plans to install an underground infiltration system to dispose of treated wastewater, said Jo Lynn Traub, director of the water division in the EPA’s Chicago regional office. That will require... 

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Invest in Alternative Energy, Not Oil Drilling

BRISTOL Bay in Alaska is known for its endangered whales and the world’s largest run of sockeye salmon. Thanks to President Bush, it also has been leased for oil and gas drilling. The action clears the way for the Interior Department to open 5.6 million acres of fish-rich waters northwest of the Alaska Peninsula. Interior Secretary Dirk Kempthorne says this, along with drilling in the Gulf of... 

Jewelers urged to boycott new Alaska gold mine

An ad campaign launched last month asks jewelers to boycott gold from a proposed open pit mine that many Alaska Natives fear will ruin their way of life. The campaign in National Jeweler, an industry newspaper, is designed to educate jewelers about the Pebble Mine project in the Bristol Bay watershed, home to the largest sockeye salmon fishery in the world. “Our biggest concern is what will the...