Eastmain Resources Inc. announces that 2008 drilling is underway on its Eau Claire Gold Deposit located in James Bay, Northern Quebec. The first three drill holes, ER08-113, ER08-114 and ER08115, have intersected quartz-tourmaline veins with visible gold at the west end of the 450 West Zone. Abundant visible gold, less than 1mm in size, was observed in four different veins from hole 115. Over 10,000... Read more..
Nucor Corporation announced that it plans to install a plate heat treating facility at its plate mill in Hertford County, North Carolina. The heat treat line will have an estimated annual capacity of 120,000 tons and will have the ability to produce heat treated plate from 3/16″ through 2″ thick. Total cost of the project is expected to be approximately $110 million. Heat treated plate... Read more..
NWM Mining Corporation is announced that the ongoing commissioning and ADR plant tune-up initiatives at the Lluvia-Jojoba project in Sonora State, Mexico, has resulted in the pouring of its first gold doré button. The Lluvia-Jojoba project is located near Santa Ana in Sonora State, just south of the US border with Mexico. Mineral Resources for the project are defined by a series of gold grade vs.... Read more..
Tamerlane Ventures Inc. announced today that it has been issued a Type A Land Use Permit by the Mackenzie Valley Land and Water Board (MVLWB) in accordance with the Mackenzie Valley Resource Management Act. The MVLWB approved the Land Use Permit for a period of five years commencing July 29, 2008 and expiring July 28, 2013. With the receipt of this permit, Tamerlane may now begin construction at the... Read more..
Tornado Gold International Corp. has selected the Illipah property as its first drill program, based on results from its ongoing exploration program and historical data from previous exploration programs. Between 1982 and 1992, Alta Gold produced 37,000 ounces (greater than $33,000,000 dollars at current gold prices) from an open pit at the north end of the Illipah property. A number of other groups... Read more..
Sage Gold Inc is pleased to provide an update on its exploration activities in the Beardmore – Geraldton Gold Camp (BGGC) in Ontario. The BGGC near Thunder Bay in northern Ontario has historically produced over four million ounces of gold. Sage is one of the most active exploration companies in the area and holds a very large and strategic land position. The company has targeted six key properties: Jacobus... Read more..
Midlands Minerals Corporation is pleased to report the results of the additional 22 holes totaling 2,707 metres of RC drilling completed in May 2008 have successfully extended the known mineralization in each of the existing areas tested, and have identified a new target west of the Esaase pit. More than 50% of the holes encountered significant gold mineralization. “Midlands is encouraged by... Read more..
Goldcorp Inc. announced an agreement whereby Goldcorp will acquire, through a friendly plan of arrangement, all outstanding shares of Gold Eagle. Gold Eagle’s principal asset is the world class Bruce Channel gold discovery which is situated along the prolific Red Lake Trend, adjacent to Goldcorp’s Red Lake gold mine and immediately southwest of Goldcorp’s past-producing Cochenour-Willans... Read more..
Anglo Swiss Resources Inc. is pleased to report on the current activities and advancements on its Kenville Gold Mine property. The Kenville property is currently undergoing extensive exploration and development to meet the Company’s objectives for fiscal 2008. The Company is currently exploring the property consisting of the 10,000 meter (32,800′) diamond drill program (expanded to up to... Read more..
China Shen Zhou Mining & Resources, Inc., a leading company engaged in the exploration, development, mining and processing of fluorite, zinc, lead, copper, and other nonferrous metals in China, today announced that it has obtained approval for the new mining license of its gold-copper mine from the Kyrgyzstan Geological and Mining Resources Department. The validity for this license lasts thirteen... Read more..