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QRC: Research to help junior miners prosper

The Queensland Resources Council (QRC), the Queensland Exploration Council (QEC) and the Australian Centre for Entrepreneurship Research (ACE) at Queensland University of Technology are joining forces to help more new mining ventures get off the ground.

Awarded a $283,000 grant by the Australian Research Council, the project—Pursuing the right opportunities: The actor-opportunity nexus and new venture performance—will collect and analyse data on new ventures in Australian mining between 1980 and 2011.

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McEwen Mining: Measured & Indicated Resources grew by 38% at El Gallo I Mine in Mexico

McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) announced an updated resource estimate for the El Gallo 1 mine in Sinaloa State, Mexico.

El Gallo 1 Mine Resource Estimate Highlights

  • Measured and Indicated gold resources grew by 38% to 691,523 ounces (13.9 million tonnes at 1.54 gpt) after mining depletion. Gold grades increased by 3% to 1.54 gpt.
  • Plans to expand the El Gallo 1 mine's process facilities by 50% to 4,500 tonnes per day for an estimated cost of $5 million are underway.
  • Two exploration core drills are operating at the mine to test for extensions of the known resource and the new Twin Domes discovery.
  • Updated El Gallo 2 resource to be released in early August.
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Brazil Resources Inc. Announces Drill Results Confirming a New Base and Precious Metal Discovery at the Artulândia Project

Brazil Resources Inc. Announces Drill Results Confirming a New Base and Precious Metal Discovery (Au-Cu-Ag-Pb-Zn) at the Artulândia Project in Goiás State, Central Brazil

  • 9 of 12 drill holes intersected mineralization at the ART-1 target;
  • Diamond Drill Hole (DDH) 07 intersected 15m (0 to 15.0m) of 1.56 g/t gold equivalent or 0.93% copper equivalent and DDH-09 intersected 9m (20 to 29m) of 1.32 g/t gold equivalent or 0.78% copper equivalent1;
  • DDH-07 intersected 15m (0 to 15.0m) of 0.17 g/t gold, 0.35% copper, 18.04 g/t silver, 0.63% lead and 0.45% zinc; including 7m (0 to 7.0m) of 0.35 g/t gold, 0.39% copper, 30.43 g/t silver, 1% lead, and 0.31% zinc
  • DDH-09 intersected 9m (20-29m) of 0.01g/t gold, 0.09% copper, 20.78 g/t silver, 0.32% lead and 1.49% zinc; and
  • Seven additional geochemical and geophysical zones remain untested.
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QRC: More questions than answers on carbon pricing

Yesterday’s confirmation by the Federal Treasurer that the Rudd Government is fast-tracking the move to a floating carbon price does little to give Queensland resource companies comfort that they are going to fix other fundamental flaws eroding the competitiveness of the state's trade-exposed resource industries.

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JOGMEC Seminar on Mine Pollution Control Technology and Exploration held in Zambia.

The first step in cooperation based on “Japan’s Initiatives for Promotion of African Resources Development”

Japan Oil, Gas and Metals National Corporation (President: Hirobumi Kawano) conducted the seminar on “Mine Pollution Control Technology and Exploration“ jointly with Ministry of Economy, Trade and Industry of Japan (METI) and the Ministry of Mines, Energy and Water Development of the Republic of Zambia (MMEWD) on June 21st in Lusaka, Zambia.

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Glencore Xstrata Board Changes

The Board of Glencore Xstrata plc announces the appointment of three new Directors of the Company with immediate effect. Mr John J Mack and Mr Peter T Grauer have been appointed as Independent Non-Executive Directors and Mr Peter Coates has been appointed as an Executive Director. The search process for a new Chairman is ongoing.

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QRC: Opening statement: Senate Standing Committee on Environment and Communications. Environment Protection and Biodiversity Conservation Amendment (Great Barrier Reef) Bill 2013

EXCERPT

Despite more than 30 years of steady growth in population and trade – coupled with prudent environmental management of an area extending along 80 percent of the Queensland coastline – the resources sector is being singled out in an emotive campaign opposing trade development. Furthermore, the persistent use of highly exaggerated forecasts of new coal port capacity and shipping numbers does nothing to ensure the protection of the reef.

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Mumbwa Project Update

Blackthorn Resources Limited (ASX: BTR) provide the following update on activities at the Company’s 100% owned Mumbwa Project in Zambia that hosts the flagship Kitumba deposit, as well as other prospective targets including the Kakozhi prospect.
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Turquoise Hill Resources announces board changes

Turquoise Hill Resources announced that directors Livia Mahler and Peter Meredith will not stand for re-election at the upcoming annual meeting of shareholders on May 10, 2013, as a result of changes in Robert Friedland’s holdings in the company . Additionally, Dan Larsen, a Rio Tinto nominee, will not stand for re-election.

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Medusa: Bananghilig Gold Deposit Scoping Study

Medusa Mining Limited, through its Philippines operating company Philsaga Mining Corporation advises that the positive results of its first pass Bananghilig Gold Deposit Scoping Study¹ to ± 25% accuracy warrant the commencement of a Feasibility Study to be undertaken by external consultants. It is planned to complete the Feasibility Study in the September quarter 2013 which will include financial outcomes.

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