BE Group AB: Be Group Implements Savings Programme to Meet Rapidly Falling Demand

On account of reduced demand and uncertain market prospects, BE Group is implementing a cost saving programme. The aim is to reduce total annual costs by approximately SEK 100 million over a two-year period. The number of employees is expected to be reduced by around 120 and the reduction will be implemented... Read more..

First 7 Holes of the 2008 Drill Programme at Lydian’s Amulsar Gold Project

Lydian International Ltd., a diversified U.K. mineral exploration and development company has published news in the media saying that the results from the first 7 drill holes of its 20,000m drilling programme at the Amulsar gold discovery in Armenia. Best intersections were DDA-006 with 46m at 1.7g/t... Read more..

Helio Reports Drill Results from the Kenge Target, SMP Gold Project, Tanzania

Helio, through its 100% owned subsidiary BAFEX Tanzania Ltd., can earn a 100% interest in five contiguous licences, which cover a 34km strike length of the Saza Shear Zone. The project covers the New Saza Gold Mine, which operated between 1939 – 1956, producing approximately 270,000 ounces of gold... Read more..

GoldQuest Reports Drill Results From New Gold Zone at Las Animas

GoldQuest Mining Corp. report drill results from ten holes completed on its 100% owned Las Animas project located in the central Dominican Republic. The Las Animas project is excluded from the Gold Fields Option Agreement. The drill results of the last ten diamond drill holes totalling 1,879 meters of... Read more..

Tag: sericite alteration and gold

Drilling Returns Best Intersections yet of 135m at 2.3g/t Gold (Including 17m at 9.6g/t) and 71m at 3.1g/t Gold at Lydian’s Amulsar Discovery in Armenia

Lydian International Ltd., a diversified U.K. mineral exploration and development company, today announced results from further drilling at its Amulsar gold discovery in Armenia. Results from a further 17 combined diamond and reverse circulation drill holes from the Tigranes area have been returned .... Read more..

Mineral Deposits Limited: Sabodala Gold Project-New Reserve Estimate

The new mineable reserve for the Sabodala open pit of 1,484,000 ounces at a 0.65g/t gold cut-off, together with Niakafiri at 145,000 ounces, extends the Sabodala Gold Project to 1.63 million ounces with further opportunities to expand the reserves. The total Sabodala mineable reserve for the mining concession... Read more..

Kalimantan Gold Corporation Limited: Initial Resource Statement for the Mewet Vein at the Jelai Gold Project

Kalimantan Gold Corporation Limited announce the initial resource statement for only one of five main veins identified at the Company’s 100%-owned Jelai gold project in East Kalimantan, Indonesia. The Mewet Vein resource block is based on 23 drill holes and is contained within a 250 metre section... Read more..

Gold Fields Commences Drilling on GoldQuest Projects

GoldQuest Mining Corp. present an update on the exploration activities with its partner Gold Fields Ltd.. Gold Fields is currently earning a 60% interest in various projects in the Dominican Republic by expending US$5 million over a three year period. HIGHLIGHTS - Gold Fields has commenced drilling... Read more..

UBR Initial Drilling and Spectral Gamma Logging Results of Uskawanis Uranium Project

Uranium Bay Resources Inc. update shareholders on the current results of the summer drilling programe on its wholly owned 314 km2 Uskawanis Uranium Property (”UUP”) situated SE of Hydro-Quebec’s Opinaca Hydroelectric Reservoir along the Eastmain River, 180 km SE of Radisson, Quebec. UBR’s... Read more..

Heap Leach Amenability Tests Show 94% to 97% Extractions for Gold at Lydian’s Amulsar Discovery

Lydian International Ltd., a diversified U.K. mineral exploration and development company, today announced preliminary results from metallurgical testing at its Amulsar gold discovery in Armenia. A gold recovery test program was applied to a crushed continuous half drill-core of 146m length at SGS Lakefield... Read more..