Tuesday, September 23rd 10:56 AM

The Company has completed the phase 1, five-hole drill program for a total of 5,011 m, with the phase 2, six-hole drill program now currently underway. Phase 3…..Continue

Oceanus Resources Corp releases results of drilling at La Lajita property

  • Oceanus Resources Corporation publicized assay results of its drilling program at the La Lajita property in Durango, Mexico. The program consisted of twenty-one (21) holes of PQ triple tube core (PQ3) diamond drill core measuring 3,002.5 meters at the Santo Nino and Dos Hermanos Prospects.

Aruma Resources starts geological survey at Bulloo Downs

  • The new program will see the Company flying over 1720km2 using HyVista Multispectral Scanning (HyMap), with the data to be combined with data collected from the previous 1050km2 program to define and confirm further mineralisation targets.

Focus on Gold mine developers with resources of atleast 3 mn

  • It is also important to invest in companies in safe jurisdictions sucha s Mexico, Nevada, British Columbia and Ontraio where miners are trading at a premium.

Newmont-Barrick Gold merger to save shareholders $1bn a year: Rick Rule

  • In the case of Newmont Mining and Barrick Gold, he said that one of the great tragedies is the incredible creep in G&A and the way to lower this number is through mergers and acquisitions.

Medallion Resources extends MoU's with Oman-based Takamul, Jordan's Arab Mining

  • The Takamul MOU outlines a specific joint-venture structure, upon acceptance of viability of the project, while the Arab Mining MOU is open to the terms of a definitive agreement.

Sirius Resources reports advancement of Nickel exploration at Nova Mining, Polar Bear projects

  • The first diamond drill hole testing DPEM1 was drilled to a depth of 1048m and intersected a thick sequence of gabbro and metasediments. The hole did not intersect any obvious conductive materials that might be the source of the EM anomaly.

Sheffield announces Red Bull Nickel-Copper Project

  • Drill hole RBDD004 was designed to intersect the modelled conductor plate at around 680m down-hole depth. A 123m interval of mafic granulite with trace disseminated sulphides was intersected from 600m to 723m depth.

Market rewards mining Gold only companies: Frank Holmes

  • Frank explains that gold is scarce, mining costs are high, the capex for building mines are high, and there has not been any significant 3 million ounce gold discoveries with grades high enough for production, found in the last three years

Australia Gold producers adjust to falling prices, prospering: Luke Smith

  • Silver Lake Resources (ASX:SLR),has a good little deposit less than 20 km from its mill, with 100 Koz gold in reserve, part open-pit, part underground.Luke has given a buy rating with a target of $0.66. It currently trades at $0.44.
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