Mike Marchetti was a gifted mining engineer for the Old Ben Coal Co. and later Kerr McGee when the handwriting appeared on Southern Illinois’ landscape that the golden age of mining was over.
Marchetti has always planned for his family’s future–part of the commitment and success story that has surrounded the Du Quoin Sears store.
He and […]
Win-Eldrich Mines Limited (WEX, TSX Venture Exchange), minority owner of the Ashdown Project LLC, which owns a Nevada-based molybdenum mine, has been advised by the mine’s manager that an additional 43,950 pounds of molybdenum concentrate has been shipped from the mine, bringing total sales from the mine since product sales began in 2006 to 362,000 […]
Copper Ridge Explorations Inc. (”Copper Ridge” or the “Company”) announces the commencement of a 2000 m drilling program on its 100% owned Lucky Joe project, located 40 km south of Dawson City, Yukon Territory. The target at Lucky Joe is a metamorphosed porphyry deposit or possibly a variety of IOCG (iron oxide copper-gold) deposit as […]
Gold futures closed higher Friday as news reports that North Korea has test-fired several missiles boosted the metal’s appeal as a safe-haven investment, but prices still closed out the week 1% lower after tumbling more than $9 an ounce in the previous session.
“Once gold prices hit close to $650, that level is considered a bargain […]
Spruce Ridge Resources Ltd. is pleased to announce that it has signed a drilling contract for 3,100 metres of diamond drilling on its North Brook and Turner’s Ridge uranium properties in Western Newfoundland. The anticipated start date for drilling is May 22, 2007.
North Brook Property - Deer Lake Basin.
The North Brook exploration program will include […]
REDCORP VENTURES LTD. and Redfern Resources Ltd., its wholly-owned subsidiary (together the “Company”), announce the expansion of its management group by the hiring of three key individuals for the purpose of managing the construction of the Tulsequah Chief Mining Operation in 2007 and 2008.
Al Polk has been hired as Manager, Engineering for the Company. […]
Erdene Gold Inc. announced today that it has received a NI 43-101 compliant independent technical report (the “Technical Report”) containing the resource estimate for the Donkin coal project from McElroy Bryan Geological Services Pty. Ltd. of Sydney, Australia. The project located on the coast of Cape Breton, Nova Scotia is jointly held under special license […]
Two men are seeking a permit from the Helena National Forest to look for gold on public land northwest of Avon, and forest officials want to know what the public thinks of the proposal.
Helena residents Marc Duncan and Ryan Betcher plan to use a rubber-tired backhoe and small excavator to dig two trenches up to […]
Gold futures ended a volatile session Monday with a modest loss, pressured by uncertainty over global precious-metals demand and falling oil prices.
Even so, gold still managed to finish above the $650-an-ounce level for a fourth session as dollar weakness and declining supplies of the metal provided support.
“Gold seems directionless,” said Kevin Kerr, editor of Global […]
ALLSTATE Explorations is poised to emerge from its bitter five-year insolvency, after its administrator and Macquarie Bank accepted a takeover proposal from Beaconsfield Gold that will finally see creditors of the Tasmanian gold mine paid in full.
Allstate administrator, Michael Ryan, announced yesterday the Allstate companies would come out of administration - subject to a creditors’ […]