Galway Resources Ltd. announce that it has entered into an option agreement with Rio Tinto Mining and Exploration Corporation (Rio Tinto) to acquire 100% interest in nine coal concessions totaling 7,500 hectares, roughly 50% of the previously drilled San Louis Coal basin located in Santander, Colombia. The project will be known as Carboluis.
“We are pleased [...]
Entree Gold Inc. has commenced drilling on the western target at the Lordsburg, New Mexico copper-gold porphyry project. The Lordsburg project is located within a southeast-trending belt which hosts several large current and past copper producers, including Freeport McMoran’s Morenci, Tyrone, Chino and Safford operations.
The budgeted drill program is planned to include 2,700 metres (8,850 [...]
In response to queries received from investors, Ivanhoe Mines President and CEO John Macken said today that there are no adverse material events that would account for recent selling pressure on Ivanhoe Mines’ stock in trading on the Toronto, New York and NASDAQ exchanges.
Mr. Macken said that senior management of Ivanhoe Mines and its strategic [...]
Rio Tinto and General Electric announced that they are working together on two key strategic technology projects, Rio Tinto’s ‘Mine of the Future™’ and GE’s ‘Ecomagination’”, to develop the most energy efficient and ecologically friendly solutions to support the future of mining.
Combining GE’s expertise in environmental technologies with Rio Tinto’s deep mining knowledge creates a [...]
Medallion Resources Ltd announced that it has optioned from privately held Romaine River Titanium Inc., the right to acquire a 100% legal and beneficial interest (”Option”) in the Everett iron-titanium property (”Property”). The Property consists of 59 claims, located three kilometres east of the Rio Tinto-owned Lac Allard iron-titanium mine in Duplessis County, Quebec. The [...]
Extract Resources, a Uranium exploration company with projects in Namibia, Africa, today announced further strike extensions and the return of wide zones of uranium mineralization, at Rossing South.
Recently received chemical assay data continues to highlight the continuity of high grade, alaskite hosted uranium mineralization in both Zone 1 and Zone 2.
Uranium mineralization at Zone 1 [...]
Cameco Corporation announced today that it has completed the acquisition of a 70% interest in the Kintyre uranium exploration project in Western Australia for $346.5 million (US).
A joint venture comprised of Cameco (70%) and Mitsubishi Development Pty Ltd (30%) purchased the Kintyre project from Rio Tinto for $495.0 million (US) through a bidding process. Cameco [...]
Maestro Ventures Ltd. announce that Mr. Hans J. Rasmussen has been appointed President of the Company.
Mr. Rasmussen has 24 years experience in the mineral exploration business, including 4 years working for Newmont Exploration in the late 1980’s focused on gold exploration along the Carlin Trend, Nevada, and 12 years with the Kennecott-Rio Tinto group focused [...]
Wits Basin Precious Minerals Inc. announce the signing of purchase contracts for the acquisition of a producing iron ore mine, a separate, nearby drill-indicated iron ore resource, and a processing plant located near Maanshan, Anhui Province in the People’s Republic of China.
The producing mine and the drill-indicated resource total more than 94 million tonnes of [...]
Metalex Ventures Limited in conjunction with its joint venture partners Dianor Resources Inc. and Wemindji Exploration Inc. (Wemex) are pleased to announce receipt of final diamond results for one hundred and eleven (111) reconnaissance surface rock samples taken on the Joint Venture’s Ekomiak II; IV; V; VI; and VII properties in the James Bay [...]
