Stillwater Mining Company Completes Review of Operations: Will Restructure Operations and Reduce Workforce

STILLWATER MINING COMPANY announced immediate plans to restructure its operations and reduce and redeploy portions of its workforce. The move is largely focused on the Company’s East Boulder Mine operations south of Big Timber, although the Company’s Stillwater Mine at Nye, Columbus Metallurgical... Read more..

Nevoro Inc. Announces Drilling Programs for Stillwater, Moonlight and Monarch Projects

Nevoro Inc. announce exploration plans for its Stillwater, Moonlight and Monarch projects. Stillwater Ni-Cu-Co-PGE-Cr Project, Montana At Stillwater Nevoro plans to test several targets including the “A” and “B” chromitite reefs in the Mountain View area, Ni-Cu-Co mineralization... Read more..

Claude Resources Announces 22,000 meter Underground Drill Program at Madsen, Red Lake

Claude Resources Inc. will continue its underground drill program, targeted at the historic high grade 8 Zone, and concurrently execute its surface exploration program at the Company’s Madsen property located at Red Lake, Ontario. Phase 1 of the underground program, launched from the 10th level... Read more..

Tag: drilling daughter holes, madsen red lake gold mines, zon two meters underground, red lake madsen claims map, exploration in red lake

NovaGold Announces US$60 Million Financing With Electrum Strategic Resources

NovaGold Resources Inc. announced that it has entered into a definitive agreement with Electrum Strategic Resources LLC providing for the sale to Electrum on a private placement basis of 46,153,847 Units for a purchase price of US$1.30 per Unit, for aggregate gross proceeds of US$60 million. Each Unit... Read more..

Tag: electrum strategic resources ceo, gold mining companies offering warrants, gold mining financing, electrum strategic, electrum price

Appalaches: Two Drills on the Dufferin Gold Mine Site in Nova Scotia

Ressources Appalaches is mobilizing a second drill to the Dufferin Gold Mine site in Nova Scotia. Appalaches is currently conducting a major 3,000-metre drilling campaign as part of its due diligence for the gold mine’s purchase. The objective of the work is to confirm the presence of 13 stacked... Read more..

Blue Note Makes Significant Gold Discovery in N.B

Blue Note Mining Inc. reports discovering a significant gold occurrence on its Williams Brook property located close to its Caribou Mine near Bathurst, New Brunswick. Drill hole WB-08-11 returned 2.8 meters assaying 11.2 grams of gold per tonne including a half meter section assaying 24.1 grams of gold... Read more..

Tag: blue note caribou goldmine, n b gold mines, caribou mine nb dec

Deep Drilling at Rice Lake Mine Encounters New Massive High Grade Zones

Dale Ginn, CEO of San Gold Corporation report that exploration drilling has encountered numerous gold-bearing zones that have not previously been discovered, drilled or developed at higher levels of the mine. In addition to the new breccia zones discovery, recent drilling has outlined important extensions... Read more..

Great Panther Samples 95 Metres of 1,867g/t Silver, 1.00g/t Gold, 2.67% Lead, and 4.58% Zinc at the Topia Mine

GREAT PANTHER RESOURCES LIMITED announce that new underground drilling and mine development at the Company’s 100% owned Topia Mine in Durango, Mexico has successfully extended the potential for high grade silver, gold, lead and zinc mineralization along a 350 metre strike length and 150 metre dip... Read more..

Nord Resources Announces Results of Scoping Study – Johnson Camp Copper Mine Production Can Be Increased 60%

Nord Resources Corporation, which is reactivating copper mining at the Johnson Camp Mine in Arizona, today announced that a Scoping Study has found that the company can cost-effectively increase its production from the Johnson Camp to an estimated rate of 40 millions pounds of copper per year from the... Read more..

Agnico-Eagle hosts analyst and investor tour at Kittila gold mine in northern Finland

Agnico-Eagle Mines Limited announced that it is conducting a tour for analysts and investors of its new Kittila gold mine and facilities in northern Finland on November 18, 2008. Construction commenced at the 100% owned Kittila mine project in northern Finland in the second quarter of 2006. Kittila has... Read more..