Largo Begins Drill Program for Current Prefeasibility Study at Northern Dancer Tungsten-Molybdenum Project, Yukon

July 6, 2011 By Leave a Comment

- Drilling 6 holes totalling 1,400 metres for representative sample sufficient for metallurgical test work to support current prefeasibility study (PFS)

- Drilling 7 holes totalling 3,600 metres to upgrade a significant portion of the existing resource from Inferred to the Indicated category to support the PFS

- A number of other engineering and environmental studies related to the PFS are underway including water sampling, bird survey and energy study

Largo Resources Ltd. announced today that it has begun a 13-hole, 5,000-metre diamond drill program on the Company’s 1,500 hectare Northern Dancer Tungsten-Molybdenum property which straddles the Yukon-British Columbia border 290 kilometres east of Whitehorse. [Read more...]

Filed Under: News

Goldrich Starts Chandalar Gold Exploration Drilling

July 6, 2011 By Leave a Comment

Goldrich Mining Company announces it has begun a diamond-core drilling program at its Chandalar gold property in Alaska.

The drilling program, which began last week, will test multiple targets with 25 to 30 angle holes averaging 500 feet, with some up to 750 feet.

Drilling will explore an established northeast trend of gold mineralization more than five miles long and a half a mile wide. Gold mineralization occurs where a series of northwest striking shear zones cut a northeast structural feature (folding). Gold with strong arsenic mineralization along this corridor is hosted within the broad shears and their enclosing metamorphic stratigraphy. The mineralized meta-sediments are black graphitic phyllites and chloritic schists, within the black phyllites exists peripheral to the gold mineralization, yielding a strong, northeast trending magnetic halo more than five miles long. [Read more...]

Filed Under: Coal Mining

Source Initiates Phase 1 Exploration Program on Arizona Property

June 17, 2011 By Leave a Comment

Source Gold Corp. is pleased to announce the initiation of the Phase 1 Exploration Program on its 23 wholly owned Vulture Peak mineral claims offsetting the historically famous Vulture Mine in Maricopa County, Wickenburg, Arizona.

The Company is presently evaluating the potential of some other adjacent land acquisitions that may become available to the Company as indicated in recent discussions with owners. The properties have received a great deal of exploration in the past providing Source Gold with a complete set of data for immediate evaluation. [Read more...]

Filed Under: News

Silvercrest Announces Appointment of New Director, Reconfirmation of Shareholder Rights Plan and Grant of Stock Options

June 17, 2011 By Leave a Comment

SilverCrest Mines Inc. is pleased to announce that at the Company’s Annual General Meeting of shareholders held on June 15, 2011, the shareholders of the Company re-elected J. Scott Drever, Barney Magnusson, George Sanders and Graham Thody to the Board of Directors, and elected Ross Glanville as a new member of the Board.

Mr. Glanville has over forty years of resource-related experience in numerous countries, and has been involved in the exploration, financing, development, and operation of a number of mines. Mr. Glanville has specialized in valuations, fairness opinions, and litigation support, often as expert witness, related to the mining and exploration industry. [Read more...]

Filed Under: Mining Stock

Cabo Drilling Corp. Awarded Drill Contract by Ber Alb Sh A

June 17, 2011 By Leave a Comment

Cabo Drilling Corp. is pleased to announce that Ber Alb SH A, which is part of the Ekin Maden Group located in Istanbul, Turkey, has awarded Cabo Drilling Corp. – Albania division, located in Tirana, Albania, a second phase underground drilling contract of 4,000 meters.

The original drill program, which consisted of 4,000+ meters of NQ drilling, was successfully completed by Cabo in December, 2010. The phase one drilling program was split between BerAlb’s Lac Rosh Mine and the Munella Mine, both of which are located in the northeastern Albania mountain region, within the administrative borders of Fush Arrez County in Puke Province. The second phase drill program drilling will be performed at the Munella Mine exclusively. [Read more...]

Filed Under: News

Market Research on Portage Resources, Inc. and Sagebrush Gold, Ltd. – Mining for Growth

June 17, 2011 By Leave a Comment

Today, www.GlobalEquityReporter.com announced its research report highlighting Portage Resources, Inc. and Sagebrush Gold, Ltd.. Full report download is available at www.GlobalEquityReporter.com/access.php.

In response to the uncertainty surrounding the American dollar due to recent events, many investors have sought out precious metals and other commodities as safe havens for protecting their money. This has been great news for the Gold Sector as increased demand drove up the price of gold to a record high on May 2nd. Getting more per ounce of gold has made mining operations much more lucrative. [Read more...]

Filed Under: Mining Market

Douglas Lake Expands Geophysical Surveys at Magambazi and Kwandege

May 12, 2011 By Leave a Comment

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The issuer is solely responsible for the content of this announcement.

Douglas Lake Minerals Inc. is pleased to report on continued exploration at its wholly owned Handeni gold project in eastern Tanzania. The Company is currently exploring four contiguous prospecting licenses, totaling 800 square kilometers, which are strategically located immediately adjacent to Canaco Resources’ Magambazi gold project. [Read more...]

Filed Under: Mining Contractors
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