Robex is starting its drilling campaign on Nampala

Robex Resources Inc. announce that it has completed the preparatory phase of the drilling campaign planned for the Nampala gold deposit located on the Mininko permit, in the Republic of Mali. Robex is now preparing to commence its drilling campaign with the intent of increasing the quality of the resources contained within a portion of the Nampala deposit. This past October, the engineering-consulting... 

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USA Uranium Explores Comstock Royalty Plan and Pursues Additional Gold Properties

USA Uranium Corp. CEO Ken Berscht announce, “Our recent trip to visit the Comstock Lode in Nevada opens new areas of focus for USA Uranium as we expand our former gold producer and the Net Smelter Royalty (NSR) royalty acquisition model with strategic and early stage gold development projects which fit our business model of exploration and royalty development projects. The Comstock Lode Mining... 

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Cadiscor Reports New Gold Reserves & Resources at the Sleeping Giant Mine

Cadiscor Resources Inc. announce the results of an NI 43-101 Report from Genivar LP, based on analysis of existing data and new underground exploration drilling at IAMGOLD Corporation’s Sleeping Giant Mine. In December 2007, Cadiscor started a 19,000-meter underground exploration program to test the continuity of the gold zones in the Mine and at depth, below the deepest Mine level (-975 meters).... 

Timberline Releases Highlights of Preliminary Economic Analysis for Its Butte Highlands Gold Project

Timberline Resources Corporation released highlights from a preliminary in-house economic analysis of its 100-percent owned, royalty-free Butte Highlands Gold Project in southwestern Montana. Nearly 100,000 feet of past drilling by major and junior mining companies outlined historic mineralization (pre-dating and not compliant with NI 43-101 or SEC Guide 7) exceeding 500,000 ounces of gold. The preliminary... 

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Lake Shore Gold Commences Ramp Development at Timmins West, Shaft Sinking Progressing on Schedule and Budget

Lake Shore Gold Corp. announced that it has commenced driving a ramp from surface to access reserves above the 400 metre level at its 100%-owned Timmins West property. In addition, the Company’s advanced exploration program at Timmins West is progressing on schedule and budget with the planned 710 metre shaft having reached the 100 metre (328 foot) level. The Company remains on track to record... 

Rio Tinto Announces US$652 Million Investment in Continued Pre-Feasibility Studies on Deep Porphyry Copper Deposit in Arizona

Rio Tinto has announced an investment of US$652 million (Rio Tinto share US$341 million) to support continued pre-feasibility studies on a large, tier-one copper deposit at its Resolution Copper Mining LLC (RCML) operation in Superior, Arizona. Pre-feasibility studies are expected to be completed by 2012 with production at the new mine expected to start by 2020, eventually ramping up to 500,000 tonnes... 

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India coal must allow foreign equity – MMTC Chairman

India’s coal mining sector must eventually open up to allow foreign companies to own equity stakes if much-needed domestic production is to rise as fast as possible, state-run MMTC Chairman Sanjiv Bhatra told Reuters on Monday. “For India as a whole there is no alternative but to open up to foreign investments through privatisation,” he said. The gap between India’s coal demand... 

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Australia approves Newcastle coal port expansion

Australia’s New South Wales state government has approved plans for a new coal export terminal at the port of Newcastle, which has suffered from severe congestion that has hurt the country’s coal exports. The A$922 million ($768 million) terminal, planned to start operations in 2009, will add nearly two-thirds to the port’s capacity. It will be built by the Newcastle Coal Infrastructure... 

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Baffinland Announces New Members of the Baffinland Team to Advance its World Class Iron Ore Project

Baffinland Iron Mines Corporation announces several additions to the Baffinland team charged with advancing the Company’s world class Mary River iron ore deposits to development. Since Rod Cooper, P. Eng., Vice President Operations and COO, and Rob Chausse, C.A., Vice President and CFO, joined the Company in March 2006, Baffinland management has successfully recruited additional key members to... 

Canyon Begins Core Drilling and Provides Update on Its Reward Project in Nevada

Canyon Resources Corporation, a Colorado-based mining company, is pleased to announce the start of a four-hole, 1,600-foot core drilling program at its Reward Gold Project in Nye County, Nevada. The drilling program, part of the ongoing feasibility study at Reward, will consist of four 2.5 inch-diameter holes which will provide structural and rock mechanic information and material for metallurgical... 

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