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Random News from Mining Top News

Western Areas-Mustang JV Commences Drilling at East Bull Lake

Mustang Minerals Corp. announced that a drill program at the East Bull Lake Project located 80 km west of Sudbury is commencing. The East Bull Lake Project is a joint venture with Western Areas NL, designed to investigate nickel-copper-platinum group metal (PGM) targets identified in the geophysical program. It is expected that three targets will [...]

Tag: western areas east bull lake, nickleminingproject

India: Gold and silver marginally up in thin trading

In dull trading, prices of both gold and silver moved narrowly and closed with minor gains on the opening day of the year 2007 at the bullion market today.
Trading activity remained restricted due to closure of many international markets on account of New Year and Id-ul-Zuha and most of the transactions were carried over [...]

Molybdenum, the hot rock in cool market

Investors moved from uranium to molybdenum yesterday, pushing the few players in the sector higher as the sharemarket tumbled in the wake of stronger-than-expected inflation data.
Molybdenum explorer and market debutante Catalyst Metals surged 8¢ to 28¢, 40 per cent above its 20¢ issue price. Catalyst raised $3.2 million to fund exploration of its Minnie Creek [...]

GoldSpring Comments on Trading Activity

GoldSpring, Inc. commented today on trading activity in its common stock. The Company knows of no reason for the significant decline in its share price.
The Company recently released its global resource estimate, which showed a 30% increase in gold resources compared to the Preliminary Resource Report in June. The new gold resource estimate, which includes [...]

Tag: neodymium goldspring

Gold Poised to Snap Four Weeks of Gains; Mideast Concerns Ease

Gold headed for its first weekly decline in five as some investors bet a rally was exaggerated given the diminishing prospects for an escalation of violence in the Middle East.
“The conflict has been regionally contained,” said Wolfgang Wrzesniok, head of marketing and sales at Heraeus Metallhandels GmbH in Hanau, Germany, a gold trader and refiner. [...]

ITT Chosen to Move Filtered Seawater to the High Desert for Large-Scale Mining Project in Chile

ITT Corporation has received a multi-million dollar contract to provide filtered seawater to Esperanza, a large new copper-gold mining project in Chile’s Atacama Desert, the driest desert in the world. The mine will be the first large-scale mine in Chile to make use of seawater in the mining process.
As part of the project, ITT will [...]

Tag: itt in chile, esperanza maricunga, chiles sea water project

TIEX INC. announces commencement of diamond drilling at its Gold Creek property

Tiex Inc., Mr. Ernie Bergvinson, president, of TIEX INC. announces commencement of diamond drilling at its Gold Creek property in the Likely area of the Cariboo mining district, British Columbia. The target area occurs in the Bullion Gold Corp. mineral tenures that were acquired as part of the Company’s recent Qualifying Transaction. They comprise 20 [...]

Devotees see cellulosic ethanol gaining momentum

Billionaire Peter Branson, the British business mogul who owns Virgin Atlantic Airways, says he’s going to burn cellulosic ethanol in his 100-plane fleet within the next five or six years.
Made from organic waste generated by farming and forestry, cellulosic ethanol is made from cellulose, rather than sugars and starches as is normal ethanol. In a [...]

Hunt Gold Corporation Off to a Quick Start on Its Initial Drilling at Its Mockingbird Gold Project

Hunt Gold Corporation announces that it is off to a quick start on the drilling at its Mockingbird Gold Mining Project in Arizona.
The first borehole was collared at the Pocahontas Mine on Wednesday morning, December 10, 2008. Bedrock was reached at approximately 20 feet and, as of 8pm EST, a depth of 87 feet had [...]

Tag: ed huskinson professional geologist

Samson Oil & Gas Clarifies Issuance of Ordinary Share Options at an Equivalent ADR Price of US$4.80

Samson Oil & Gas Limited (AMEX:SSN)(ASX:SSN) has been advised by some of its shareholders that its previous announcement concerning the grant of a five-year option to an officer for the purchase of 2,000,000 ordinary shares at a price of A$0.25 per ordinary share (the “Option”) may have been misinterpreted by US investors on account of [...]