Newstrike and Queenston Jointly Option Commodore Gold Property, Kirkland Lake Area, Ontario
Newstrike Resources Ltd. and Queenston Mining Inc. announce that they have entered into an option agreement with a third party to each purchase an undivided 50% interest in 36 mineral claims (12 patented claims and 24 unpatented claims) (600 ha) located in the historic Kirkland Lake gold camp. The claims form the Commodore property that covers a favourable gold horizon hosting a shallow historic mineral...
Southwestern Signs Letter of Intent and Private Placement With Hochschild Mining
Southwestern Resources Corp. announce that it has entered into a Letter of Intent with Hochschild Mining Holdings Limited, a subsidiary of Hochschild Mining plc, to jointly explore for new base and precious metal deposits in southern Peru and which also provides for a strategic investment by Hochschild in the Company’s common shares. Under the terms of the LOI, Southwestern and Hochschild will...
Uranium Energy Corp Completes Successful Hydrologic Tests and Files Production Area Authorization Application at the Goliad ISR Project
Uranium Energy Corp announce the successful completion of hydrologic testing in the first production area (PA-1) at the Company’s Goliad ISR Uranium Project in South Texas. The Company has now filed a Production Area Authorization (PAA) Application with the Texas Commission on Environmental Quality (TCEQ). The TCEQ earlier issued a Draft Mine Permit to the Company for the Goliad ISR Project,...
Uranium Energy Corp to Commence Drilling at Nichols Project in South Texas
Uranium Energy Corp announce the finalization of drilling plans for the Company’s 100%-owned Nichols Project in Karnes County, Texas. The plan calls for 30 exploration holes for a total of approximately 18,000 feet of drilling. Permitting has been submitted and approved by the Texas Railroad Commission, Division of Surface Mining. Development of the Nichols Project aligns with the Company’s...
West Canyon Energy Signs LOI for Spring Creek Prospect in North Dakota
West Canyon Energy Corp., a Houston-based energy exploration and production company focused on high impact energy prospects in the continental United States, announced today that it has signed a Letter of Intent to acquire one-hundred percent (100%) working interest, in the Spring Creek Prospect. On March 25, 2008 we entered into a letter of intent (“LOI”) with Slope County Oil Company...
Oil and gas drilling in Southwest Indiana at a 15-year peak
Indiana State officials say Southwest Indiana is experiencing a boom in oil and gas exploration, with a peak number of wells drilled over the past 15 years. The Indiana Department of Natural Resources Division of Oil and Gas released a report earlier this week that says oil and gas wells are being drilled in Indiana “At a pace that hasn’t been seen for at least 15 years,” according...
China Hopes to Produce 193Mt of Oil and 92Bcm of Natural Gas by 2010
China aims to produce 193 million tonnes of oil and 92 billion cubic metres of natural gas by 2010, according to an energy blueprint released by the National Development and Reform Commission (NDRC) on April 10. While the target represents a mere 5% growth in oil output compared to last year, or 2.12% in annual growth, the gas target represents a 56% jump in natural gas production, necessitating growth...
Uranium Energy Corp Announces Appointment of Paul Pierce as Manager of Mine Development
Uranium Energy Corp announces the further expansion of its technical team with the appointment of Paul Pierce as the Manager of Mine Development. Mr. Pierce has 35 years experience in the mining industry in the southwest United States, chiefly in the states of New Mexico, Colorado, Utah, Arizona, and Nevada, either as a mine engineer or as a government mine inspector. Paul Pierce has held senior mine...
Issues in the Twin Tiers: Gas drilling market reaches a new age
Natural gas drilling in the Southern Tier, once heavily weighted in favor of the drilling companies, is now shifting toward the landowners’ interests. Two factors are pushing the pendulum. One is a new policy, implemented in August 2005, which allows parties with land in a well unit to buy their way into the drilling of that particular well. The second is the decision by Chemung County to jump...
China to keep relying on coal
China has no plans to radically change its reliance on coal and other dirty fuels despite already feeling the impacts of global warming, according to a leading Chinese meteorologist. In the first official Chinese response to a stark UN report issued last week on climate change, Qin Dahe said China lacked the technology and financial resources for a wholesale conversion to cleaner energy sources. “To...
Latest Mining News
Philex Gold Receives Interim Order for Transaction With Philex Mining Corporation
Philex Gold Inc. announced that it has obtained an interim order from the Ontario Superior...
American Mining Corporation Signs LOI to Form Production Joint Venture on Terra Gold Project, Alaska
American Mining Corporation announce that it has signed a binding letter of intent to enter...
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