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Romarco Minerals Support for South Carolina Gold Mine Exploration Project


Local authorities and communities are so determined to see Romarco Minerals’ Haile gold mine exploration project, in South Carolina, up and running that the company has been granted tax credits and incentives that will amount to yearly savings of some $3-million, CEO Diane Garrett said in Toronto on Tuesday.

Randgold Resources Opinion Gold Mine Deposit and Discovery in Senegal Exceeds Expectations


Randgold Resources Ltd., the owner of gold mines in West Africa, said a deposit in Senegal has exceeded expectations and may be one of its top discoveries.

Firestone Energy Support Plans Acquisition Two South African Coal Projects


Firestone Energy, Australian mining exploration company, supported its planned acquisition of a stake in two South African coal projects, near Exxaro’s Grootegeluk mine, it said on Thursday.
The company planned to buy the Vetleleegte and Olieboomsfontein coal projects by acquiring Checkered Flag Investments, which has the rights to earn the stakes under a joint-venture agreement with [...]

Firestone Energy Support Plans Acquisition Two South African Coal Projects


Firestone Energy, Australian mining exploration company, supported its planned acquisition of a stake in two South African coal projects, near Exxaro’s Grootegeluk mine, it said on Thursday.
The company planned to buy the Vetleleegte and Olieboomsfontein coal projects by acquiring Checkered Flag Investments, which has the rights to earn the stakes under a joint-venture agreement with [...]

Pan African Mining Corp. Prees Release, Mozambique Gold Projects Report


PAN AFRICAN MINING CORP. (the “Company”) reports progress on its four Mozambique gold projects during recent months. Each is the subject of a joint venture or similar agreement with a strategic partner, where the Company manages and funds exploration and development of the project in its earlier stages in order to earn a controlling interest. [...]

Gold/Silver Mining Exploration at Exeter’s Cerro Moro Project


Exeter Resource Corporation reports very high-grade gold and silver mineralization on the Loma Escondida vein, located 500 metres north of the Escondida vein at Cerro Moro in Santa Cruz Province, Argentina.
Significant new results from drilling at Loma Escondida include the following:
- 1.31 metres (”m”) (4.3 feet) from a down hole depth of 27.4 m (89.9 [...]

Anaconda Mining Receives payment of US$2,050,000


Anaconda Mining Inc. is pleased to announce that it has received the initial payment of US$2,050,000 as per the Definitive Exploration Earn-in Agreement recently signed with Industrias Penoles, S.A. de C.V. (”Penoles”). The payment is in respect of Anaconda’s Carmen copper-gold project in the Inca de Oro District, Chile.
See Anaconda press release dated Sept [...]

Mining Company Exploration Reported : Platinum group metal exploration roundup


Canadian platinum mining firm, Platinum Group Metals, has announced the latest update in its mineral resource estimate for the Western Bushveld Joint Venture. The company has reported 7.3 million ounces of platinum, palladium, rhodium and gold in the measured and indicated category, representing an increase of 18 per cent compared to the firm’s previous estimate. [...]

NovaGold Second Quarter Financial Results and Project Update


NovaGold Resources Inc.today announced its financial and operating results for the three months ended May 31, 2007, along with an update on the Company’s project development activities. Details of the Company’s financial results are described in the unaudited consolidated financial statements and Management’s Discussion and Analysis which, together with further details on each of the [...]