Canamex Resources Corp. and GMV Minerals Inc. through its wholly-owned subsidiary GMV Guyana Resources Inc., are pleased to announce they have entered into an option and joint venture agreement covering a large land package containing nominally 98,000 acres in a highly prospective gold region in Guyana, subject to receipt of regulatory approval. The land package is referred to as Aranka North, and lies to the northeast of the major gold discoveries by Guyana Goldfields at Aurora and Sulfur Rose, and their reported new discovery at Aranka, all of which lie along a northeast trend. The Aranka North land package lies further to the northeast along this well-mineralized and highly prospective gold trend. There is active alluvial mining going on within the land package along the Waini River system, and management believes the source of the alluvial gold is in the outcropping and shallow bedrock at the headwaters of the gold-bearing alluvial drainages within the land package. [Read more...]
Canamex and GMV Enter into Option Agreement on Large Prospective Gold Acreage in Guyana
Alderon Strengthens Mining Team With Addition of Former Iron Ore Company Vice President as Chief Executive Officer
Alderon Resource Corp. is pleased to announce the addition of Mr. Tayfun Eldem, P.Eng. as the President and Chief Executive Officer of the Company effective as of September 7, 2011, at which time Mr. Mark J. Morabito will assume the role of Executive Chairman and Mr. Stan Bharti will assume the role of Vice Chairman. [Read more...]
Latin American Minerals Signs Option Agreement With Olivut Resources for Development of Latin American’s Itapoty Diamond Project
Latin American Minerals Inc. announced that on July 5, 2011, it signed a definitive Option Agreement (the Agreement) for the potential earn-in and joint venture development of the Company’s Itapoty Diamond Project by Olivut Resources Ltd. Olivut is a Canadian diamond exploration company focused on projects in the NWT, Canada and in Uruguay, South America. The Itapoty Diamond Project is one of several exploration and mining projects being developed by Latin American Minerals in Paraguay. [Read more...]
Alderon Strengthens Mining Team With Addition of Former Iron Ore Company Vice President as Chief Executive Officer
Alderon Resource Corp. is pleased to announce the addition of Mr. Tayfun Eldem, P.Eng. as the President and Chief Executive Officer of the Company effective as of September 7, 2011, at which time Mr. Mark J. Morabito will assume the role of Executive Chairman and Mr. Stan Bharti will assume the role of Vice Chairman.
Mr. Eldem has worked for the Iron Ore Company of Canada (“IOC”), a Rio Tinto subsidiary, for more than 20 years. During this period, Mr. Eldem has held many senior roles including Vice President, Expansion Projects & Engineering and Vice President, Operations & Engineering. Most recently Mr. Eldem was accountable for the development and delivery of a nearly $2.0 billion program of green and brown fields expansion projects. [Read more...]
Goldrich Starts Chandalar Gold Exploration Drilling
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...]
Metso to supply off-machine coater main parts for Ilim Group’s Koryazhma Branch mill in Russia
Metso will supply the main components for the coated woodfree paper line’s off- machine coater at the Koryazhma Branch mill of Ilim Group in Koryazhma, Russia. The start-up of the off-machine coater is scheduled for the fourth quarter of 2013. The value of the order is approximately EUR 20 million. The main part of the order is included in Paper and Fiber Technology’s second-quarter orders received and the automation package in Energy and Environmental Technology’s second-quarter orders received. [Read more...]
PC Gold Commences Preliminary Economic Assessment for Pickle Crow Gold Project
PC Gold Inc. is pleased to report that Micon International Limited (“Micon”) has been retained to complete a National Instrument 43-101 (“NI 43-101″) compliant preliminary economic assessment (“PEA”) on the Company’s Pickle Crow gold project, located in northwestern Ontario, Canada. Delivery of the completed PEA is anticipated by the end of the summer. In addition, discussions with candidates for the dewatering and rehabilitation of the mine are now also underway. [Read more...]