Posts Tagged ‘World Mining News’

International Minerals Announces Major Increase in Reserves at Pallancata Silver-Gold Mine in Peru

August 25th, 2008

Press Release
SCOTTSDALE, AZ–(MARKET WIRE)–Aug 25, 2008 — International Minerals Corporation (Toronto:IMZ.TO - News) (Swiss:IMZ.SW - News) announces a major increase in mineral reserve estimates for the Pallancata silver-gold mine in southern Peru. Pallancata is jointly owned by IMZ (40% interest) and Hochschild Mining plc (”Hochschild,” 60% interest and operatorship).
0 ounces of silver equivalent). Production [...]

Top Mining News-Pengrowth Energy Trust Announces Cash Distribution for September 15, 2008

August 21st, 2008

CALGARY, ALBERTA–(MARKET WIRE)–Aug 20, 2008 — Pengrowth Corporation, administrator of Pengrowth Energy Trust
(Toronto:PGF-UN.TO - News) (NYSE:PGH - News), today announced its September 15, 2008 cash distribution will be Cdn $0.225 per trust unit. The distribution is net of amounts withheld to partially finance capital expenditures. The ex-distribution date is August 27, 2008. The distribution [...]

Firstgold Corp., Adds Two Properties to its Exploration Portfolio

August 21st, 2008

Press Release
CAMERON PARK, CALIFORNIA–(Marketwire - June 17, 2008) - Firstgold Corp. (TSX:FGD - News; OTCBB:FGOC - News) announced today that it has completed leases and the claim staking on two properties, comprising roughly 5,500 acres of potentially mineralized ground in Nevada. The Honorine Gold Exploration Property (3,280 acres) is located in proximity to the Antler [...]

Top Mining News-Victoria Gold Corp. to buy Gateway Gold in share swap deal

August 21st, 2008

VANCOUVER - Victoria Gold Corp. (TSXV:VIT) has struck a share-swap deal valued at $6.5 million to take over Gateway Gold Corp. (TSX:GTQ), a move it says improves its chances of a “significant discovery.”
Toronto-based Victoria said Gateway’s properties are “highly prospective” for finding gold and take it a step closer to production.
“We truly and honestly believe [...]

Top Mining News-Klondike Gold Corp.’s Joint Venture Partner Klondike Star Mineral Corp. Greens Lights Indian River Gold Projec

August 21st, 2008

Press Release

VANCOUVER, BRITISH COLUMBIA–(MARKET WIRE)–Aug 19, 2008 — Klondike Gold Corp. (CDNX:KG.V - News) is pleased to announced that the board of directors of joint venture partner Klondike Star Mineral Corp. has recently reported on the determination of probable mineral reserves sufficient to support a mining decision.
The probable mineral reserve identified to date, based on [...]

Top Mining News- Piedmont Reports Exploration Progress At Willow Creek Gold Project, Nevada

August 21st, 2008

RENO, Nev.–(BUSINESS WIRE)–Piedmont Mining Company, Inc. (OTC BB: PIED) today reported good exploration progress at the Willow Creek gold project in Elko County, Nevada. In the past six weeks a ground magnetic survey has been completed as well as some infill sampling of surface rock outcrops and soils. These results confirm and further define previously [...]

Orsu Metals says to focus on Mining News_Varvarinskoye mines, copper-gold exploration

August 21st, 2008

Orsu Metals says to focus on Varvarinskoye mines, copper-gold exploration
LONDON (Thomson Financial) - Orsu Metals Corp., a London-based base and precious metal mining, development and exploration company, said it will continue to focus on bringing the Varvarinskoye copper-gold mine in Kazakhstan up to commercial production levels and simultaneously continue with the development of its advanced [...]

Canadian Royalties Announces Financial Results For the Quarter Ended June 30, 2008

August 17th, 2008

MONTREAL, Aug. 14 /CNW Telbec/ - Canadian Royalties Inc. (TSX:CZZ - News; “Canadian Royalties” or the “Corporation”) announces that it filed its financial results on August 14, 2008, for the quarter ended June 30, 2008 together with the management’s discussion and analysis of the financial condition and results of operations for the six-month period ended [...]

Top Mining News-Drilling to Commence at Far West Mining’s Georgetown Silver-Lead-Zinc Project, Queensland, Australia

August 13th, 2008

VANCOUVER, BRITISH COLUMBIA–(Marketwire - Aug. 12, 2008) - Far West Mining Ltd. (TSX:FWM - News) is pleased to announce that diamond drilling is scheduled to commence on the Georgetown Silver-Lead-Zinc Project in Queensland, Australia during the third week of August, 2008. The Company plans to complete a ten-hole 3,000 metre program testing magnetic and electromagnetic [...]

Recent Mining News:One-day strike could bring South Africa to a halt

August 9th, 2008

By James Macharia
JOHANNESBURG, August 6 (Reuters) - Thousands of South African workers are expected to down tools in a national strike on Wednesday, bringing Africa’s biggest economy to a standstill in a protest against rising electricity, food and fuel prices.
The nearly 2 million-strong Congress of South African Trade Unions (COSATU), an ally of the ruling [...]