Larry Bottomley, chief executive of Chariot Oil & Gas Limited (LON:CHAR) discusses with Proactive's Andrew Scott the Rabat Deep exploration well, offshore Morocco, which has failed to find a hydrocarbon accumulation.Bottomley says the well was drilled safely to a depth of 3,180 metres and while it didn't encounter oil or gas it did penetrate a thick top seal and tight, fractured carbonates in...Read More
Matthew Idiens, chief executive of Rose Petroleum PLC (LON:ROSE), tells Proactive's Andrew Scott they've raised ?1mln of new capital to support their plans in Utah's Paradox basin.Some ?633,920 of the raise is conditional upon shareholder approval, at an general meeting that will now be convened on May 21.The funding proceeds will be used to advance the group's assets in the Paradox basin - it w...Read More
Mick Billing, chairman of Thor Mining PLC (LON:THR), tells Proactive's Andrew Scott they've had positive findings from an initial surface sampling exploration programme at the Bonya tungsten and copper project in Australia's Northern Territory.Billing describes assay results from rock chip samples taken from four of the 13 outcropping tungsten deposits that comprise the project as "encouraging".Th...Read More
David Archer, chief executive at Savannah Resources Plc (LON:SAV), caught up with Proactive's Andrew Scott in studio to talk through another significant increase in the mineral resource estimate at their Mina do Barroso lithium project in northern Portugal.Savannah's reported a 52% increase in the JORC 2012-Compliant Indicated and Inferred Mineral Resource Estimate for the project - which now stan...Read More
Mr. Vishal Gupta reportsCALIFORNIA GOLD ANNOUNCES NEW HIGH-GRADE ASSAYS FROM THE QUEEN SPECIMEN ZONE - INTERSECTS 2.06 G/T AU ACROSS 19.3 M, INCLUDING 9.14 G/T AU ACROSS 0.5 M AND 5.11 G/T AU ACROSS 3.4 M AT FREMONT (TRUE WIDTHS ARE APPROXIMATELY 91% OF REPORTED INTERVALCalifornia Gold Mining Inc. has releasednew assay results from the continuing resource drilling program at the Queen Specimen zo...Read More
Glencore Plc's clash with former partner Dan Gertler over unpaid royalties at a key Congolese copper mine deepened as the legal battle spread to a London court.The Swiss miner was on Tuesday granted a temporary injunction against the Israeli billionaire after petitioning the London court to rule against a Congolese judge's decision last week to freeze assets at its Kamoto Copper project, people fa...Read More
Ontario is investing in the mining supply and services sector and creating jobs in the North by investing in 12 projects, helping to create 20 new full-time jobs.Through the Northern Ontario Heritage Fund Corporation, the province is investing in 12 mining supply and services companies across Northern Ontario including NorArc Steel in Earlton. The company will receive funding to design and build a...Read More
Mr. Darin Wagner reportsBALMORAL CONTINUES TO EXPAND BUG GOLD DEPOSIT AND NEARBY HORSEFLY ZONE DOWN PLUNGEBalmoral Resources Ltd.'s initial results from the winter 2018 drill program on the company's Martiniere property in Quebec have successful extended down plunge both the South zone of the Bug gold deposit and the proximal, near-surface Horsefly gold zone.Drill holes MDE-18-324 and 325 both int...Read More
Mr. Anthony Makuch reportsKIRKLAND LAKE GOLD REPORTS SOLID EARNINGS AND CASH FLOW IN FIRST QUARTER 2018, ANNOUNCES DIVIDEND INCREASEKirkland Lake Gold Ltd. has provided its financial and operating results for the first quarter of 2018. The company's full financial statements and management discussion and analysis are available on SEDAR and on the company's website. The company also announced today...Read More
Today marks the first day that Nova Scotia mining companies can apply for fuel tax rebates for fuel consumed at mines, quarries and pits."Getting the rebate is a tremendous win for Nova Scotia's mining industry and a clear indication of the government's support of our industry," said Sean Kirby, Executive Director of the Mining Association of Nova Scotia (MANS). "This policy change sends a signa...Read More
South African gold producers are expected to sing this week a settlement in a lawsuit over fatal lung disease and tuberculosis miners contracted while working for them, ending this way the country's largest ever class action against mining companies.Speaking to Reuters, lawyer Richard Spoor, who represents about half a million workers and their families, said the companies would sign the out-of-...Read More
Mr. Michael Allen reportsSTEP-OUT DRILLING BY NORTHERN EMPIRE DEMONSTRATES RESOURCE EXPANSION AND NEW DISCOVERY POTENTIALNorthern Empire Resources Corp. has released exploration results from drilling the Daisy and Secret Pass deposits. These are two of four deposits that the company controls and is actively exploring within the 100-per-cent-owned, 141-square-kilometre Sterling gold project in Nye...Read More
Beta Hunt Mine Gold Production Increases for Fourth Consecutive QuarterRead full newsRead More
Gold stocks are likely to ride on the back of improving industry fundamentals and put up a decent performance this quarter.Read full newsRead More
Vedanta Resources' Zinc International unit said it was exploring the feasibility of developing and constructing a smelter to process zinc mined from its flagship Gamsberg project in South Africa.The global mining conglomerate said in February it may accelerate expansion of its African zinc operations to take advantage of a surge in prices of the metal.Zinc prices have rallied to their highest sinc...Read More
Canada's StrikePoint Gold (TSX-V: SKP) (OTCQB: STKXF) said Wednesday it has agreed to buy fellow junior Skeena Resources' (TSX-V: SKE) historic Porter Idaho silver property located near Stewart, in British Columbia's prolific Golden Triangle.As part of the deal, Skeena will receive Cdn$1.75 million in cash plus another Cdn$1.75 million in StrikePoint common shares at a value of Cdn$0.225, based up...Read More
Mexico raked in $718 million in foreign investment in 2016 - up from $3 million in 2015. And no, we didn't leave out any numbers.Read full newsRead More
Sheahan Diamond Literature Reference CompilationThe Sheahan Diamond Literature Reference Compilation is compiled by Patricia Sheahan who publishes on a monthly basis a list of new scientific articles related to diamonds as well as media coverage and corporate announcements called the Sheahan Diamond Literature Service that is distributed as a free pdf to a list of followers. Pat has kindly agreed...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Will PurcellThe diamond and specialty minerals stocks box score for Tuesday was a poor 54-99-141. The TSX Venture Exchange fell eight points to 775 while polished diamond prices were flat. Bruce Counts's Lithoquest Diamonds Inc. (LDI) gained two cents to 53 cents...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterThe TSX Venture Exchange fell 8.17 points to 775.46 Tuesday. Randy Chou's shell graduate, Nubeva Technologies Ltd. (NBVA: $1.50), is selling $3-million (U.S.) worth of tokens in Singapore. The company has been trading for just under tw...Read More