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Random News from Mining Top News

Mesa drilling now top priority

Federal land managers have opted to open the top of the Roan Plateau to oil and gas drilling without waiting until resources at the bottom of the plateau are tapped.
And that no-delay variation from an earlier preferred management plan has drawn a protest from Sen. Ken Salazar, D-Colo., and a request that the new leasing [...]

Osage Makes Casing Election on Rosablanca-1 Well

Osage Exploration and Development, Inc., in conjunction with its partners Gold Oil, plc, Lewis Energy Colombia, and EMPESA, SA has elected to case the Rosablanca-1 well. This decision was entered into after evaluation of the electric logs and sidewall cores taken from the well bore.
“The Rosablanca section was thicker than we had anticipated and we [...]

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NovaGold boosts resource estimates based on drilling program

NovaGold Resources Inc., the target of a hostile takeover bid from Barrick Gold Corp. (TSX:ABX), increased its mineral resource estimates Thursday based on results from a drilling program at its Donlin Creek and Galore Creek projects.
The Vancouver miner said its gold measured and indicated resources had been revised upwards by 14 per cent to 20.6 [...]

EXMIN Signs Letter of Intent to Sell Its Moris Mine Interest

EXMIN Resources Inc. announces that it has signed a Letter of Intent to sell its 30% shareholding interest in Minas Santa Maria de Moris, S.A. de C.V., the Mexican holding company of the Moris mine, in western Chihuahua state, Mexico. MSMM is owned jointly by EXMIN 30% and Hochschild Mining Plc. (Hochschild) 70%. Hochschild has [...]

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Copper King Mining Corporation Announces Further Mining Updates

Copper King Mining Corporation, an ore mining, processing, and exploration company located in Southern Utah, today provided further updates concerning its operations.
Ore Body Discoveries
New drillings in the company’s current mine locations recently revealed that the ore body present is much larger than expected. In three drilled holes, several hundred feet from the known ore body, [...]

Wits Basin Receives NI 43-101 Compliant Technical Report on Bates-Hunter Mine Project

Wits Basin Precious Minerals Inc. has received a National Instrument 43-101 compliant technical report on the Bates-Hunter Mine in Central City, Colorado. To see the July 15, 2008 report in full, click here for a link to the Company’s web site.
About the Bates-Hunter Mine
The Bates-Hunter Mine is located in Central City, Colorado, approximately 35 miles [...]

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Sago Mine Report Scrapped Amid Criticism

Concerns raised by relatives of 12 miners killed in the Sago Mine disaster prompted state mine safety officials to hastily scrap the report’s release Monday and promise to rewrite it.
The report concludes the Jan. 2 methane gas explosion in a mined-out and sealed off area was nearly five times more powerful than the foam seals [...]

Explosion reported at Colorado mine

Authorities were investigating reports Tuesday morning of an explosion at a uranium mine in the foothills west of Denver.
An electrical transformer appeared to be on fire near the mine, but it wasn’t immediately clear if that was the cause of the reported explosion.
The Jefferson County Sheriff’s Department received the report of a possible explosion at [...]

Melkior Closes Acquisition of McFauld’s East Rim Nickel and West Rim Nickel Properties

Melkior Resources Inc. to announce the successful closing of the acquisition of a 100% interest in the East Rim Nickel property and of a 50% interest in the West Rim Nickel property. Pursuant to an agreement dated April 9, 2008 as amended on June 2, 2008, the acquisition was made in consideration for a [...]

Metorex to consolidate stake in Zambian copper mine

Rapidly growing South African mid-tier miner, Metorex Limited, has clinched a deal that would increase its stake in the Chibuluma South Mine Limited on the Zambian Copperbelt.
Metorex chief executive officer Charles Needham said in a brief emailed statement on Friday that the miner would acquire the Industrial Development Corporation (IDC)’s 35 per cent interest in [...]

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