Kootenay Gold Inc. announce drilling is underway at Promontorio. The program is designed to drill untested targets; expand on mineralization discovered at the Pit Discovery; and step-out across the 2km Dorotea Trend. The 5000 meter program expected to be completed by year end, will focus on targets identified by systematic exploration (3D IP Geophysical Survey; Mapping; Sampling; EM Airborne Study;...
ION Geophysical Corporation announced that its Concept Systems software group has signed a five-year agreement with Petroleum Geo-Services (PGS), one of the leading geophysical companies in the world. The agreement, the largest ever for Concept Systems software, specifies that PGS will upgrade all existing 2D and 3D towed streamer vessels to Orca® command & control in a phased manner and that...
ARAM Systems, a subsidiary of ION Geophysical Corporation, announced the commercialization of its cable-based ARIES II(TM) seismic recording platform. ARIES II provides the operational flexibility to cost-effectively undertake complex 2D, 3D, and 4D acquisition programs both onshore and in transition zone environments, and delivers the capabilities needed for both high channel-count acquisition programs...
Pacific Cascade Minerals Inc. has completed the planned 2008 field work on its 100% owned Crack Moly property northeast of Harrison Lake in southwestern British Columbia. A 3D-IP geophysics program consisting of 6.8 line km extending to the west of the previous IP survey confirmed a large chargeability high anomaly located at depth on the western boundary of the previous IP grid and provided diamond...
Canadian Mining Company Inc. report extensive progress in the ongoing exploration program on its San Bernardo Project located in Sonora, Mexico. Mr. Ray Paquette CEO announces the Company has appointed SJ Geophysics Ltd. to conduct a 3D Induced Polarization/Resistivity Survey on the property’s past producing El Gochico mine, which was operated by Penoles from 1981 – 1985. The El Gochico...
Pacific Cascade Minerals Inc. announce that the camp facilities from the ‘07 drilling program have been reopened and mobilization is underway on its Crack Moly Property located approximately 40 km west of Boston Bar, and 35 km north-east of Harrison Lake. The Crack Moly property displays high grade molybdenum showings on surface within hydrothermal breccias traced over 800 meters. In 2007 the...
CGGVeritas provides its vessel utilization and fleet allocation updates for the second quarter of 2008 and announces the release date for the second quarter financial results. Vessel utilization update for the second quarter 2008: Going forward, CGGVeritas will publish on a quarterly basis a vessel utilization update. Two indicators will be disclosed: - Vessel availability rate, a metric measuring...
Hana Mining Ltd. “We now have three drill rigs operating in three separate areas; two are in Zone 2 and 4 kilometers apart and the third is 95 kilometers northwest in Zone 6. We are intersecting copper mineralization everywhere the prospective horizon has been drilled,” states Peter Wilson, President of Hana Mining. Hana is pleased to report it has added a percussion drill rig to its expanding...
Foothills Resources, Inc. announced that it had commenced the acquisition of a 3D seismic survey over the Grizzly Bluff natural gas field in the Eel River Basin, Humboldt County, California. Data acquisition started on January 9th and is expected to be completed in approximately ten days. An area of about 13 square miles is being imaged by this survey which is being conducted by Quantum Geophysical,...
Derek Oil & Gas Corporation reports its intention to begin a 13 well development program by the end of 2006. This vertical well program will consist of a pattern of four injector and nine producer wells targeted to produce from the Newcastle sandstone formation. Derek’s geological/geophysical consultants selected the well placements based on interpretations and targets identified in the...