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...
Happy Creek Minerals Ltd. wishes to provide a general update on the Company’s status. Happy Creek Minerals was designed from the beginning to minimize investment risk and maximize return potential. The Company currently has $1.90 million of cash in the bank, and is taking steps to minimize overhead expenditures while continuing to perform low-cost exploration on its projects. The Company’s...
“In terms of its economic and geopolitical impact, what is happening in Asia today is probably most akin to the Industrial Revolution, when the world’s leading economies replaced manual labor with mass-scale manufacture of machinery, railways began to criss-cross the continents, the steam engine revolutionized the world, and later, skyscrapers first poked at the skies. And, as in the Industrial...
ROUNDUP, Mont. — Success has for years lurked just around the corner for John Baugues Jr., a coal mining entrepreneur who arrived here in 1995 after starting and folding a string of mines in his native Tennessee. Taking control that year of Bull Mountain Land Co., which has an estimated 340 million tons of coal lodged deep in the mountains south of Roundup, Baugues’ future at last looked...
An ongoing aeromagnetic survey by Cairn Energy Ltd has indicated that Purnea district in Bihar may have huge reserves of oil and natural gas. “As per the initial data collected during the survey, chances of oil and natural gas reserves are high in Purnea. We are keeping our fingers crossed for the time being,” said energy minister Bijeyndra Yadav. The minister is in constant touch with...
Strateco Resources Inc. is pleased to announce that drilling has begun on its wholly-owned Mont-Laurier property. The Mont-Laurier property is located approximately 45 kilometres northeast of Mont-Laurier, and is very easily accessible. The current program began on January 20, 2007 and consists of 3,000 metres of drilling in approximately 35 holes. These are the first holes to be drilled on the property...
The letters — one in English, the other in Spanish — arrived in the same envelope. The English version offered to lease mineral rights from homeowners in the Rolling Hills neighborhood for 22.5 percent royalties and a $300 signing bonus. The Spanish version offered the same bonus, but only 20 percent in royalties. “I was appalled,” said homeowner Mary Doherty, who was among...
Maxy Gold Corp. announced that Maxy and China’s Western Mining Group (“Western Mining”) have entered into a formal Joint Venture (JV) Agreement on the “HUANGNAN” Copper-Gold Project, located in Qinghai Province, China. This is the first Property incorporated under their Strategic Exploration Alliance Agreement announced on October 4th 2006. Maxy has signed four letters...
His boys basketball team is 12-1 and ranked No. 4 by The Bee. But Union Mine coach Terry Battenberg is unimpressed. “To be honest, we aren’t playing that well,” Battenberg said. “We aren’t shooting the ball very well, our free-throw percentage isn’t good, and our timing is off. What’s saved us is our defense.” Battenberg blames the late arrival of two...
Australian mining stocks fell, led by BHP Billiton and Rio Tinto Group after prices of metals such as nickel and copper dropped. Companies with U.S. earnings, such as Rinker Group Ltd., rose on signs of slowing inflation in the world’s biggest economy. The S&P/ASX 200 Index added 1.1 points to 5037.50 as of 11:06 a.m. in Sydney. About 11 stocks declined for every seven that rose. Brambles...