Mineral

News tagged with Mineral on Mining Top News

Vena Begins Second Phase 8,000 Metre Drill Program at Azulcocha West

July 19th, 2008
Vena Begins Second Phase 8,000 Metre Drill Program at Azulcocha West

Vena Resources Inc. is pleased to announce that the second drill program has commenced at Azulcocha West. An additional 27 drill holes have been designed for a total of 8,000 metres of drilling. Drilling includes targets on the Cantagallo, Recuperada and El Triunfo areas along the southern area of the Azulcocha West property including a [...]

Empire Energy Signs Note for $5 Million in Funding and M.O.U. on $45 Million Joint Venture

July 19th, 2008
Empire Energy Signs Note for $5 Million in Funding and M.O.U. on $45 Million Joint Venture

Empire Energy Corporation International announced that, along with its wholly owned subsidiary Great South Land Minerals Ltd. (GSLM), it has signed both a Note for AUD $5 million and a Memorandum of Understanding governing formation of a Joint Venture that could cancel the Note and supply up to AUD $40 million of additional funding.
The Note [...]

Rolling Rock Resources Corporation: Private Placement Closes

July 19th, 2008
Rolling Rock Resources Corporation: Private Placement Closes

Rolling Rock Resources Corporation has closed a non-brokered private placement (the “Private Placement”) with aggregate gross proceeds of $720,000 from the sale of 4,500,000 units at a price of $0.16 per unit (the “Unit”). Each Unit comprised one flow-through common share and one-half of one non-transferable common share purchase warrant (a “Warrant”). Each whole [...]

Mar Ked Mineral Exploration, Inc. Announces July 21, 2008 Effective Date for 3 for 2 Forward Stock Split

July 19th, 2008
Mar Ked Mineral Exploration, Inc. Announces July 21, 2008 Effective Date for 3 for 2 Forward Stock Split

Mar Ked Mineral Exploration, Inc., announces that a 3 for 2 forward split of the Company’s common stock will be effective at the opening of business on July 21, 2008. This action means that for every 2 shares of MKED stock outstanding at the time of the stock split will be converted into three shares [...]

Oriental Minerals Amends Acquisition of Sangdong; Arranges Interim Loan Financing

July 19th, 2008
Oriental Minerals Amends Acquisition of Sangdong; Arranges Interim Loan Financing

Oriental Minerals Inc. is pleased to announce it has amended payment terms for the acquisition of the Sangdong tungsten-molybdenum project in South Korea. The Company has also secured a $3 million interim loan financing from Longview Capital Partners, its largest shareholder.
Payment terms for the current installment due for the Sangdong acquisition have been amended to [...]

Northgate Announces Additional Drill Results for the Young-Davidson Project

July 19th, 2008
Northgate Announces Additional Drill Results for the Young-Davidson Project

Northgate Minerals Corporation is pleased to report drill results for 34 surface and 59 underground diamond drill holes totalling 33,000 metres, which were completed during the first half of 2008 at the Young-Davidson project near the town of Matachewan in northern Ontario. The purpose of the ongoing diamond drill program is to increase the measured [...]

ReoStar Energy Corp on Fiscal year 2008

July 18th, 2008
ReoStar Energy Corp on Fiscal year 2008

ReoStar Energy Corp has just published the results of its operations for the Fiscal Year (FY) ended March 31, 2008. The Company’s previous fiscal year-end for 2007 reflects activity only for the three months ending March 31, 2007 due to the accounting treatment of the partnership interests merged into the Company. In certain instances, the [...]

Uruguay Mineral Exploration Inc: Exploration Report for the Fourth Quarter Ended 31 May 2008

July 17th, 2008
Uruguay Mineral Exploration Inc: Exploration Report for the Fourth Quarter Ended 31 May 2008

Uruguay Mineral Exploration Inc reports on the results of exploration activities during the quarter ended 31 May 2008.
David Fowler, Chief Executive Officer commented: “We have made good progress in the fourth quarter towards achieving our exploration objectives; results overall have been encouraging.
“Near the mine, we have had better results in the deep drilling program at [...]

Montanore Hard Rock Mine Exploration Impact Plan is Approved

July 17th, 2008
Montanore Hard Rock Mine Exploration Impact Plan is Approved

Mine Management, Inc told the press on Monday that the Montana State Department of Commerce approved the Hard Rock Mining Impact plan which was proposed for the montanore Silver-Copper Project near the town of Libby, Montana.
Mr. Glenn Dobbs, Mines management’s president and CEO, said that We are appreciative for the recent approval of the [...]

Homeland Energy Group’s Kendal Mine Produces First Coal

July 16th, 2008
Homeland Energy Group’s Kendal Mine Produces First Coal

Homeland Energy Group Ltd. is pleased to announce first coal production from its Kendal Mine in the Witbank area of South Africa, approximately 50km east of Johannesburg. To date, approximately 8,000 tonnes of coal has been mined from the first of three open pit areas. Processing of the coal through the Company’s Parnaby wash plant [...]