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Southern Pacific Completes Initial Delineation Wells and Announces Second Stage of Drilling Program to Proceed
Southern Pacific Resource Corp. (“Southern Pacific” or the “Corporation”) (TSX VENTURE:STP – News) is pleased to announce that it has completed the drilling, coring and logging of its initial five well program. The results from these five wells confirm the information Southern Pacific utilized in its initial reserves evaluation which was completed in August 2006, [...]
Read moreUS gold ends up on dealer, fund buying, eyes $700
Buying by dealers and funds and a lower dollar sent U.S. gold futures to a firmer finish on Monday, but trading was quiet and choppy as prices approached the psychological mark of $700 an ounce.
News of a new exchange-traded fund based on silver and the platinum group metals boosted platinum, while profit taking knocked prices [...]
Shoshone Silver Company’s Upgraded Silver and Gold Mining Opreration and To Expand Mining Production
Owners of a gold and silver mine at Lakeview have upgraded their operations and are hoping to expand production.
Read moreMantis identifies a dynamic hydrothermal system on its Orphan property
Mantis Mineral Corp is pleased to announce field crews have determined a dynamic hydrothermal system (the ‘Foisey Occurrence’) on its Orphan Gold Mine property. Historic grab samples of vein material from this occurrence have assayed up to 0.62 ounces gold per ton (21.3 grams per tonne), while channel samples ranged from 0.61 to 2.04 grams [...]
Read moreCanadian Oil and Gas Trade : Gas Price likely to hit $1.40 a litre by summer
It’s going to cost Canadian drivers about $80 to fill the gas tank of an average-sized car or SUV this summer and more than $135 within four years, warn economists from one of Canada’s biggest banks.
National average gasoline prices, now about $1.23 a litre, will top $1.40 a litre this summer and $2.25 by [...]
