Evolution completes Ernest Henry buy 2016-11-01Gold miner Evolution Mining has completed the acquisition of a stake in the Ernest Henry copper-gold mine, in Queensland. Evolution previously agreed to pay diversified miner Glencore A$880-million for a 30% stake in the operation, entitling the company to 100% of the gold production at the mine, subject to an agreed life-of-mine and block model.
Glencore restarts Australia coking coal mine, shutters zinc 2016-11-01Diversified miner Glencore plans to restart mining activities at the Integra underground coking coal mine, in the Hunter Valley, as the price of metallurgical coal continues to rise. Glencore acquired the Integra mine, then known as Glennies Creek, from major Vale last year. The mine has been on care and maintenance since July 2014.
ASX: Completion of Ernest Henry Transaction 2016-10-31
Glencore to restart mine 2016-10-11Glencore's Collinsville to return to production due to coal market improvements
Drill Program to Commence on Ocros Project, Ancash, Peru 2016-10-03
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 3, 2016) - Condor Resources Inc. - ("Condor" or the "Company") (TSX VENTURE:CN) Further to the Company's news release of August 19, 2016, Condor has been advised by Compañia Minera Casapalca S.A. ("Casapalca") that Casapalca have filed their "Iniciación de Actividades" with the Peruvian Ministry of Energy and Mines for the Ocros project. This filing is required prior to commencement of the drill program.
General 2015-05-10The Perseverance gold and copper deposit in Central West New South Wales, near the mining town of Cobar, is located 900 metres south of the Peak ore body. Access to the mine is actually gained by a decline ramp from the Peak mine workings to the Perseverance Zone A deposit. During the third quarter of 2013 the Peak gold mining operation, that includes the Perseverance Mine, produced 2.8 million pounds of copper and 23,926 ounces of gold, compared with 3.1 million pounds of copper and 23,886 ounces of gold for the same period in 2012. For the first nine months of 2013 the operation produced 9.9 million pounds of copper and 76,463 ounces of gold, compared with 10.8 million pounds of copper and 66,737 ounces of gold in the first nine months of 2012. The increase in gold production reflected the increase in ore being processed and its higher grade which was responsible for increased mill recovery.
Nearby Location News
Balmoral Completes Sale of Fenelon Gold Mine Property 2016-10-19
VANCOUVER, BC--(Marketwired - October 19, 2016) - Balmoral Resources Ltd. ("Balmoral" or the "Company") (
TSX: BAR) ( OTCQX: BALMF) reports that it has received the final cash payment of $2,500,000 and completed the sale of the Fenelon Gold Mine Property to Wallbridge Mining Company Limited (TSX: WM) ("Wallbridge"). Balmoral received, in total, cash payments of $3,500,000, 2,381,575 common shares of Wallbridge and retains a 1% NSR royalty on all future production from the property.
Balmoral Acquires New Gold Project in West Central Quebec 2016-08-02
Provides Updates on Exploration Activities and Fenelon Disposition
Balmoral Resumes Drilling on Detour Trend Project 2016-02-10
VANCOUVER, BC--(Marketwired - February 10, 2016) - Balmoral Resources Ltd. ("Balmoral" or the "Company") (
TSX: BAR) ( OTCQX: BALMF) reports that drilling has resumed on the Company's Detour Trend Project in Quebec. The initial focus of drilling will be on testing a number of recent gold/base metal discoveries and targets on the Company's wholly owned Grasset and Fenelon properties. A second drill will begin turning on the Company's Martiniere Property, home to the Martiniere West and Bug Lake Gold Trends, as soon as weather conditions and staffing permit.
Xmet Completes Initial Diamond Drill Program on Grasset Project 2015-04-09
TORONTO, ONTARIO--(Marketwired - April 9, 2015) - Xmet Inc. ("Xmet" or the "Company") (TSX VENTURE:XME) is pleased to report that it has completed the initial phase of the diamond drilling program on its wholly-owned Grasset Property, located along the eastern extension of the Detour-Sunday Lake deformation zone in the highly prolific Abitibi Mining District of Quebec.
Xmet Provides Grasset Drilling Update, Expands Program 2015-03-16
TORONTO, ONTARIO--(Marketwired - March 16, 2015) - Xmet Inc. ("Xmet" or the "Company") (TSX VENTURE:XME) is pleased to announce that it thus far completed drilling eight holes on its Grasset Project out of the ten holes originally planned. Three of these holes encompassing approximately 460 metres have been cut and sent to the lab for assays. The remaining completed holes are being cut and processed and will be sent for assays in the near future.