Mining industry
Pure Gold Minerals Inc. and CaribGold Resources Inc. have jointly acquired 715,000 acres in south central Saskatchewan through staking. This move comes after identifying significant concentrations of variable kimberlite indicator minerals on the property. The indicator minerals, consisting of high chrome pyrope garnets, calcic pyrope-almandine garnets, magnesium almandine garnets,
Mining industry
Kernow Resources and Developments Ltd., a Vancouver-based company, has commenced drilling operations at its Orvillier's property, located along the Casa Berardi Break in northern Quebec. The move marks a significant step in the company's efforts to explore the region for gold and base metal deposits. The
Mining industry
Orvana Minerals Corp. (ORV-T), a Canadian mining company, has released a preliminary resource estimate for its 50% owned Pederson gold deposit in Bolivia. The results show significant potential for the property, with estimated resources totaling 80 million tonnes and 4 million ounces of gold. The estimate is based on over
Mining industry
Santa Catalina Mining Corp., a Vancouver-based company, has signed an exploration agreement for the Pilar Project, a 2431-hectare property located in the State of Sonora, Mexico. The project is situated near the town of Suaqui Grande, approximately 177 kilometers southwest of Hermosillo, the capital of the State of Sonora. The
Mining industry
Canadian company Asia Minerals Corp. has signed a contract to establish China's first gold-mining joint venture, marking a significant milestone in the country's gold rush. The agreement between Asia Minerals and Shandong Zhaoyuan Gold Industrial Group would see the Canadian firm invest $36 million in two
Mining industry
Puma Minerals Corp. is pleased to announce that drilling has resumed on the El Salado property, located in the northern part of the 400,000 hectare Uspallata Project in Argentina. The company is exploring for large copper-gold deposits in the Uspallata Copper-Gold Porphyry Belt, a region that has shown promising
Mining industry
Toronto-based Inmet Mining Corp., led by President Klaus Zeitler, is set to increase its gold production threefold to nearly 400,000 ounces over the next few years, as the company expands its interests in copper and gold projects worldwide. With its annual gold production currently standing at 134,000 ounces,
Mining industry
Big Valley Resources has reported positive assay results from ongoing diamond drilling and trenching on its Lloyd-Nordik property in Canada. The company, led by President Lloyd Tattersall, has seen significant copper and gold mineralization in the Lloyd 2 target area, with drill hole 94-12 representing a step-out of approximately 120
Mining industry
Eldorado Corporation Ltd., a major player in the mining industry, has strengthened its position in Treminco Resources Ltd. through a private placement, increasing its beneficial ownership to up to 16.87% of Treminco's issued capital. This acquisition is part of Eldorado's strategic investment in Treminco, which
Mining industry
Indonesian President Suharto has defended the extension of Freeport McMoran's work permit in Irian Jaya, citing the company's significant investment and revenue contribution to the country. Despite criticism from environmentalists, who claim that the mining activity is causing massive damage to the region's ecology,
Mining industry
Atlas Corporation, a leading industrial mining company, has taken a significant step into the world of industrial minerals by purchasing a 51% stake in Phoenix Financial Holdings Inc., a Canadian holding company. The acquisition, worth $1.3 million, grants Atlas board control, with David J. Birkenshaw, Atlas' Chairman and
Mining industry
Lloyd Tattersall, President of the Company, has announced the identification of a fifth exploration target on the Lloyd-Nordik copper-gold property in British Columbia. The Lloyd 4 target is a large magnetic high coincident with a copper-gold soil anomaly, and preliminary trenching indicates that the source of the anomalies is a
