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Douglas Lake Makes Addition to Technical Committee

May 10, 2011 By Palangkaraya Post Leave a Comment

Douglas Lake Minerals Inc. is pleased to announce that Dr. Abdulkarim Mruma, B.Sc., M.Sc., Ph.D. Geology, CEO of the Geological Survey of Tanzania has joined the Technical Committee.

Harp Sangha, CEO commented, “We are pleased to have such a distinguished academic join the technical committee. Given Professor Mruma supervised the PhD thesis composed by Dr. Joas Kabete, a thesis which has been the foundation of all commercial exploration activity in the rapidly developing Handeni region, his knowledge of the geology in this area will enhance our company’s efforts as we move forward with our 2011 exploration and development program.” [Read more...]

Filed Under: News

Byron Capital Markets Initiates Sunridge Gold with a Buy Rating and C$1.95 Target Price

May 8, 2011 By Palangkaraya Post Leave a Comment

Byron Capital Markets is pleased to announce that it has initiated coverage today on Sunridge Gold Corp. with a Buy rating and a target price of $1.95.

In this 28-page research report, mining analyst Jeff Wu gives a comprehensive overview of the company, its exploration and development work at its four independently estimated 43-101 mineral deposits on the Asmara Project, Eritrea in East Africa. [Read more...]

Filed Under: Mining Market

Silver drops for third day as increased margins Drive Sales

May 6, 2011 By Palangkaraya Post Leave a Comment

Silver futures fell for third day, the worst run since January, when an increase in margin requirements on the Comex drove investors away. Gold may also extend its fall in third day.

Silver for July delivery in New York fell as much as 5 percent to $ 40,465 per ounce, after losing 7.6 percent yesterday and 5.2 percent on May 2 The metal was $ 41,215 at 8:27 pm in Singapore, where losses over the three days to 15 percent. Immediate delivery gold was little changed at $ 1,535.32 an ounce after two days of decline. [Read more...]

Mesa Exploration Reviewed by Fundamental Research Corp.

May 6, 2011 By Palangkaraya Post Leave a Comment

Mesa Exploration Corp. is pleased to announce that the company is in receipt of an Independent Research Report prepared and distributed by Fundamental Research Corp., one of North America’s most respected analytical firms.

In the report the Green Energy project is reviewed with an insight to the potential of the mineral-rich brine; Mesa’s other projects and the lithium market are also described. The report can be viewed at this link: www.mesaexploration.com/i/pdf/2011-May-FResearch.pdf

Filed Under: News

Canadian Mining Technology May Extend Future Space Missions

May 5, 2011 By Palangkaraya Post Leave a Comment

The Northern Centre for Advanced Technology Inc. (NORCAT), under Canadian Space Agency contract, is developing innovative drilling technology which will shape the future of Canada’s contribution to future space missions. This project supports Canada’s role in the Global Exploration Strategy as a key component of the utilization of planetary resources for mission support.

The requirement for mining activity on the moon or near earth objects in support of robotic and human activity is paramount. In Situ Resource Utilization (ISRU) is the process of using existing resources to produce valuable elements in space, such as oxygen and water. [Read more...]

Filed Under: Mining Equipment

Williams Creek Explorations Limited Commences Exploration Program on Its Barkerville and Pine Properties

May 5, 2011 By Palangkaraya Post Leave a Comment

Williams Creek Explorations Limited is pleased to announce the start of its 2011 Phase I exploration program at its 100% owned Barkerville Crown Granted mineral properties. Mobilization of the drill and crew is underway with drilling anticipated to begin May 5th.

The Phase I program is composed of 5,000 metres of diamond drilling in two stages as well as trenching. The first stage will include 2,500 metres at 10 sites as well as 700 metres of trenching. The drilling and trenching programs will take place within a 2.0 square kilometre area of interest south and west of Barkerville Historic Town Site. Drilling and trenching locations were selected based on a thorough review of historical data conducted by Childs Geoscience Inc. Consulting Economic Geologists of Bozeman Montana, as well as to follow up previously identified but unexplored geophysical and geochemical anomalies. [Read more...]

Filed Under: Mining Equipment Tagged With: diamond drilling, Williams Creek Explorations

Century’s Lamaque Mine Receives Certificate of Authorization to Expand Operations

May 3, 2011 By Palangkaraya Post Leave a Comment

Lamaque Mine to Host Researchers Studying the Use of Tailings in Reclamation

Century Mining Corporation is pleased to announce that the Company has been notified by the Québec Ministry of Durable Development, Environment and Parks (“MDDEP”) of approval by the MDDEP of the Certificate of Authorization(“C of A”) for the operation of the Lamaque mine in Val d’Or, Québec at a rate of 2,500 tonnes per day and dewatering of the mine down to 1,200 feet below the surface, including the Bedard Dyke, North Wall and Lamaque mining areas. In the course of the MDDEP’s review of the C of A application, mine management has coordinated with MDDEP staff to develop restoration plans incorporating the use of tailings as covering material for the open pit waste dumps and to respond to the MDDEP’s concerns regarding this evolving technological application. [Read more...]

Filed Under: Gold Mining Tagged With: Century Mining Corporation, Lamaque Mine