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.
Further to its March 4, 2013 news release, Selwyn Resources Ltd. (SWN.TSX V) announces that, in connection with the agreement to sell its remaining 50% interest in the Selwyn Project, the second $5 million deposit has been released from escrow and has been received by the Company.
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.
Metallica Minerals Ltd (ASX: MLM), announce the positive results of its PFS for the 100% owned SCONI Phase 1 scandium project ideally located within the historic Greenvale nickel mine area, north west of Townsville in Queensland, Australia
The declining rate of new gold discoveries and grades across the global market during the last decade has accelerated over the last 4 years.
High-Grade Results Include 9.3 g/t Au with 1.7% Cu over 18.1 Metres
Osisko Mining Corporation (OSK: TSX, EWX: Deutsche Boerse) announce that new drilling at the Upper Beaver gold project located in Kirkland Lake, Ontario has led to the discovery of two new gold-copper zones.
The De Beers Group of Companies announced that it will invest approximately R20 billion(US$2 billion) to build a new underground mine beneath the currently operating open pit Venetia Mine in Limpopo Province. When completed, the new underground mine will extend the life of Venetia beyond 2040 and replace the open pit as South Africa’s largest diamond mine.
The peak body for the resources sector in Queensland has welcomed scholarships presented today by Premier Newman that will help more women into careers in the minerals and energy industries.
Queensland minerals and energy sector companies are uniting under a voluntary code of practice to strengthen linkages with local suppliers.
Silver Bull Resources, Inc. (TSX: SVB, NYSE MKT: SVBL) ("Silver Bull") is pleased to provide the results that will be reported in the updated NI43-101 Technical Report ("the Technical Report") currently being completed by JDS Energy & Mining Inc. ("JDS") on the silver and zinc mineralization of the "Shallow Silver" and "Zinc" Zones at the Sierra Mojada Project in Coahuila, Mexico. Highlights at various cutoff grades for the silver include;
- An Indicated silver resource of 71.9 million tonnes at an average grade of 72.5g/t silver totaling 167.5 million troy ounces of silver at a 25g/t silver cutoff grade.
- An Indicated silver resource of 40.75 million tonnes at an average grade of 102.2g/t silver totaling 134.0 million troy ounces of silver at a 45g/t silver cutoff grade.
- An Indicated silver resource of 20 million tonnes at an average grade of 147.8g/t silver totaling 94.0 million troy ounces of silver at a 80g/t silver cutoff grade.
- An Indicated zinc resource of 2.19 billion pounds of zinc at an average grade of 1.38%.
- An Inferred lead resource of 538 million pounds at an average grade of 0.34%.
- An Inferred copper resource of 126 million pounds at an average grade of 0.08%.
Endomines is making a public announcement of its updated ore reserves and mineral resource estimates. The update represents the Pampalo production situation as at 31stDecember 2012.
"The Pampalo mine gold production in 2012 was 867 kg but the total contained gold in the Pampalo ore reserves was reduced only by 235 kg. This is the result of successful continuous mine site exploration which during 2012 nearly replaced the mined ore reserves" comments Markus Ekberg, CEO of Endomines.