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Random News from Mining Top News

Bayswater’s Drilling Further Expands Elkhorn Uranium Project, Wyoming

Bayswater Uranium Corporation is pleased to announce preliminary results from the final 152 holes, including 29 core holes, from its Phase 3 drilling program at the Elkhorn Project in Wyoming. The Company drilled 312 holes including 11,073.5 meters (36,321 feet) around the historic Busfield Mine, which has a NI 43-101 indicated resource. Bayswater previously reported [...]

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New Asia Gold to Acquire Technology to Reduce Extraction Costs

New Asia Gold Corporation announce that it has agreed to acquire equipment and technology that the Company estimates will reduce extraction costs by as much as 12% ($30 US per ounce). This technology also reduces the environmental impact of mining the gold. The technology and equipment has been evaluated and recommended by third party companies. [...]

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Callon Petroleum names CFO

Callon Petroleum Co. said on Monday Bobby Weatherly, a member of its board, was named chief financial officer and executive vice president.
Weatherly has over 30 years of experience in corporate financial management and has been a member of the board since the company went public 12 years ago, Callon said in a statement.

Magellan Energy Ltd. Announces Work Completion on the Thomas Martin Lease

Magellan Energy Ltd. a publicly traded independent oil and gas company, announces that it has completed all preliminary work on the Thomas D. Martin Lease in Morgan County, Tennessee.
Citizens Gas has placed a large compressor where its Burrville gathering system ties into a 350 lb. pressure line. Citizens Gas receives its gas supply from the [...]

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UC Hub Group Announces Agreement for Montana Gold and Royal American Sapphire Property

UC Hub Group, Inc. announces the signing of a binding letter of intent agreement to mine the gold and sapphire mine near Helena, Montana in exchange for shared revenue. Formal contracts are being prepared this week by counsel for execution. The Montana mine will produce revenue from gold and sapphires and will allow UC HUB [...]

Tag: lewisandclark sapphires, american bar helena gold production, placer gold near helena montana, montanas mining hub, montana mining hub

Brinkley Mining up on approach

Uranium explorer Brinkley Mining saw its shares rise sharply as it confirmed it had received an early stage bid approach.
“The company notes the movement in its share price today and confirms that it has received an approach which might lead to an offer being made for its shares,” it said in a brief statement.

India operationalizes 13 oil, gas blocks

India said 13 oil and gas exploration blocks are under operation in various parts of Rajasthan state.
“Currently, 13 oil and gas exploration blocks are under operation in production-sharing contract regime falling in the 14 districts of Rajasthan state. In addition, Oil and Natural Gas Corp. and Oil India Ltd. are also licensees in pre-new exploration [...]

U.S. undecided if Mississippi salt dome will store petroleum

Mississippi officials don’t expect a decision before the end of the month on whether part of the nation’s strategic petroleum reserve will be stored in the Richton salt dome.
Richton is one of two sites under consideration in Mississippi. The U-S- Department of Energy in 2005 added the Bruinsburg salt dome near the Mississippi River just [...]

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Geovic Mining Corp.: Program to Expand Cobalt-Nickel Reserves and Resources

Geovic Mining Corp. (“Geovic”) (TSX VENTURE: GMC) is pleased to announce that its 60% owned subsidiary, Geovic Cameroon PLC (“GeoCam”), plans to resume test pitting in February 2007 and drilling in March 2007 at its cobalt-nickel project in Cameroon. The overall program includes 600 relatively shallow drill holes and test pits that are targeted to [...]

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Group sues to stop drilling in refuge

A conservation group is suing to stop energy exploration in a national wildlife refuge next to the Great Sand Dunes National Park in south-central Colorado.
The lawsuit filed Tuesday in U.S. District Court by the San Luis Valley Ecosystem Council claims that the U.S. Fish and Wildlife Service violated federal law by failing to conduct an [...]