Aluminium
Dia Bras announces results from its Bolivar Pilot-Mining program
Dia Bras Exploration Inc. is pleased to report the first quarter 2008 results from its c in Chihuahua, Mexico.
Highlights:-
Production value of US$6.9 million in Q1-2008, a 32.69% increase over Q1-2007
Record production of copper concentrate with 2,249 DMT produced
Costs improvement contributes to generate a US$3.8 M direct operating cash margin
During the first quarter of […]
Amador Gold announces private placement
Amador Gold Corp. has arranged a private placement for up to 3,000,000 units. The financing will consist of non-flow through units priced at $0.25 per non flow-through unit.
Each of the units will consist of one non-flow through common share and one non-flow through non-transferable share purchase warrant entitling the holder to purchase one additional […]
Silver Standard appoints Chairman
Silver Standard Resources Inc. announces that following the re-election of all directors at the company’s Annual General Meeting held on May 14, 2008, Peter Tomsett was appointed as Chairman of the Board of Directors by the Board.
Mr. Tomsett has over 25 years of experience in the mining industry, 20 years of which he served […]
Aluminium, zinc higher on China quake aftermath
Prices for most base metals were higher on Thursday, with aluminium and zinc both rising on issues related to the aftermath of the earthquake in China earlier this week.
Three-month aluminium added $72 to $3,010 per tonne in London on the possibility that power shortages due to the earthquake could shut down smelters and interrupt supplies.
Additionally, […]
Quaterra provides Mexico exploration update
Quaterra Resources Inc. announced that a “scout” (reconnaissance) drilling program at its Mirasol property in Durango, Mexico, and core drilling at the Company’s Crestones property, also in Durango, intersected insignificant amounts of precious metal mineralization.
Geologic mapping and sampling at Americas, which abuts Mirasol on the west, has identified at least 10 prospective drill targets. […]
East Asia Minerals announces private placement
East Asia Minerals Corporation has entered into an agreement with a syndicate of agents led by RBC Capital Markets and including Haywood Securities Inc and PI Financial Corporation to act as agents on a best efforts agency basis to sell, on a private placement basis, up to $37.5 million of subscription receipts (the “Offering”) of […]
MAG Silver announces assay results
MAG Silver Corp. announces assay results from an ongoing drill program on MAG’s 100% owned Cinco de Mayo property in northern Chihuahua State, Mexico.
This drill program is expanding the “Jose Manto” discovered in Hole 07-20 which intersected 6.8 metres (estimated true thickness) of galena and sphalerite-rich massive sulphides grading 254 g/t (7.4 opt) silver, […]
Linear Metals announces new discovery
Linear Metals Corporation has reported a new discovery on the Northwest Skarn target, located 600 metres west of the Main Zone, at its Cobre Grande Project, in Oaxaca, Mexico.
The recently announced 49.8 million tonne resource estimate from the Cobre Grande Project did not include any mineralization from the Northwest Skarn, which now represents […]
Farallon announces $80 Million agreement with Silver Wheaton
Dick Whittington, President and CEO of Farallon Resources Ltd. announces that the company and its wholly owned subsidiaries have entered into an arrangement with a subsidiary company of Silver Wheaton Corp. (Silver Wheaton) to sell up to 75% of the silver produced from the Campo Morado polymetallic (zinc, gold, silver, copper, lead) project in Guerrero […]
Crosshair to extend drilling at Armstrong
Crosshair Exploration & Mining Corp. announces that uranium mineralization has now been intersected along a strike length of 300 metres (m) at Armstrong on the Company’s Central Mineral Belt (CMB) Uranium Project in Labrador.
With the successful completion of its 2008 winter drill program, Crosshair has anchored the southern end of the 4.5 kilometre (km) […]
Precious metals prices lower on dollar
Precious metals prices were lower Tuesday after the US dollar gained on the euro and other currencies.
The dollar was higher on new data showing that with automobile sales excluded from the equation, retail sales were up 0.5 percent in April, leading to the possibility that the Federal Reserve will break its string of interest rate […]
Golden Predator intersects gold mineralization at Modoc property
Golden Predator Mines Inc. has intersected gold-bearing quartz stockwork mineralization including 70 ft of 0.86 ppm (0.025 opt) Au from 485 ft depth, including 20 ft of 2.6 ppm (0.076 opt) Au in drill hole NMD-001 at its Modoc Property in the Battle Mt. mining district of Lander Co., Nevada.
Five reverse circulation drill holes, […]
RX Exploration reports high grade gold and silver structures
RX Exploration Inc. releases the first assay results from its underground diamond drill program at the Drumlummon Mine at Marysville, Montana ,which intersected numerous and parallel high grade gold and silver veins.
Some of the veins were anticipated from historical information while others are considered to be new discoveries.
DDH 08 #2 was stopped while still […]
New mineralized zone discovered at Gossan’s Bird River property
Gossan Resources Limited has been advised by its Option and Joint Venture Partner, Marathon PGM Corporation (Marathon), that drilling has discovered a parallel zone of low-grade Nickel-Copper and Platinum Group Metals (Ni-Cu-PGM) mineralization on the southern side of the Page Block at its Bird River Property in southeast Manitoba.
Marathon has recently completed a 17-hole […]
Copper gains on China imports
Copper prices were up Monday, pushed higher by reports of strong imports by China in April which were, however, still behind imports during the same period last year.
Prices also benefited after the US dollar lost gains and investors again looked for hedges against inflation, but gains were limited after a strike by Peru’s miners’ union, […]
Western Metals summarises resources at Parys Mountain acquisition
Western Metals, the Australian listed miner that is in the process of acquiring the Parys Mountain copper-zinc project from Anglesey Mining, has released a summary of the historical mineral resources of the North Wales project.
The total historic indicated and inferred un-depleted resource on the project is; 7.76 million tonnes at 2.0% copper, 2.4% lead, […]
Vulcan reports “excellent” results from Kylylahti copper project
Vulcan Resources Limited, the Finnish based metals development and exploration company, has announced significant drill results from its Kuhmo Nickel Project in eastern Finland.
The company described results of the Definitive Feasibility Study at the Kylylahti Copper-Cobalt-Nickel Project as “excellent”, with high platinum and palladium grades from drilling at the Hietaharju nickel deposit, which lies […]
Gold Hawk temporarily suspends milling operations at Coricancha mine
Gold Hawk Resources Inc. announces that it is temporarily suspending crushing and milling operations at its Coricancha mine in Peru due to unexplained ground movement in and around its tailings handling area. This action is being taken as a precautionary measure while a geotechnical audit is completed.
The geotechnical audit was initiated in April at the […]
Bluerock announces non-brokered private placement
Bluerock Resources Ltd. announces a non-brokered private placement to issue up to 5,400,000 units to raise up to C$2,700,000 (the “Offering”) with a 10% over allotment.
Each unit will be priced at $0.50 and will consist of one common share and one half transferable share purchase warrant.
Each full warrant will entitle the holder to […]
Condor announces appointment of new director
Condor Resources Inc. announces that Robert T. Boyd has been appointed to its Board of Directors.
Mr. Boyd is a senior mining executive with over 30 years experience in exploration, executive-level management and corporate finance and corporate governance.
He formerly held the position of President, CEO and Director of Ashton Mining of Canada Inc., a leading […]