Tombstone Exploration Corporation, the largest land holder in the Tombstone Mining District in Arizona, has started drilling at the Tombstone Silver Project.
The company has selected Layne Christensen, with its experienced staff and drilling equipment including 4×4 core rig, to drill the mine.
Encouraged with the initial findings from drill program, the company said that the drill hole TEMC-101 was designed to intercept two major silver-bearing manganese oxide structures of production. The hole is currently at 310 ft, just above the water table.
The company is using the triple tube technique to recover the maximum rock samples at the ore zones.
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TORONTO, ONTARIO, —- (MARKET WIRE via COMTEX) —-United Reef Limited (TSX VENTURE: URP) (“United Reef” or the “Company”) is pleased to announce the commencement of summer exploration programs on its base metals projects in Hants County, Nova Scotia and McFauld’s Lake area, Ontario. A ground magnetic survey will commence this week on the Hants County project to confirm the location and size of 9 large anomalies interpreted from total magnetic intensity (TMI) data for the project area, in preparation for a proposed drilling program later this year.
On our McFauld’s Lake claims, optioned from Canstar Resources Inc (“Canstar”) in April (see press release April 14, 2008), preparation for the planned drilling program is also continuing to advance. United Reef has recently received an independent geophysical interpretation of electromagnetic and magnetic data provided by Canstar from an AeroTEM survey flown over the claims in late 2007. Three initial geophysically defined targets have been selected for drill testing later this summer. Further details will be announced once scheduling of a locally operating drill rig is confirmed, which is presently contemplated for sometime in August. Read more
New Jersey Mining Company is pleased to announce that it has staked a gold-copper-lead or polymetallic prospect near Murray, Idaho. The new prospect known as the Giant Ledge is 5 kilometers southeasterly of the Company’s Golden Chest mine operation, and the Company’s claims cover an area of about 580 acres.
The Giant Ledge prospect has attracted previous exploration efforts due to the presence of a mineralized fault zone on the contact of an igneous intrusive and the Prichard formation. The gold-copper-lead mineralization appears to extend into the monzonite intrusive, thus indicating a possibility of encountering large tonnages of mineralization that could be mined with bulk underground mining methods. Recent sampling by NJMC has also indicated that the property may have potential for tungsten and zinc.
The Giant Ledge prospect was active in the 1920s when a 122 meter deep shaft was sunk and about 450 meters of drift development was completed. A flotation mill was erected and a minor Read more
The planning and investment director of the Angola’s State-run diamond company, Endiama E.P, Alberto Fançony Thursday here considered decisive the exploration of other minerals to boost the economic development and satisfy collective necessities of the country.
Speaking to ANGOP, on the sidelines of the workshop on “challenges of the mining industry to support the sustainable development”, the director stressed the need to also mine iron, gold, marble, granite, uranium and platinum so as to empower the Angolan economy.
According to Alberto Fançony, the International Mining Fair (FIMA), occurring in the pavilions one and two of the facilities of Luanda’s International Fair (FIL), it is very important to boost mining of these mineral resources and use them essentially for the wellbeing of the Angolan population. Read more
The Government has started the process of quantifying the coal reserves in Kitui and Mwingi districts as pressure mounts to address escalating global oil prices.
The Energy ministry yesterday invited bids from international firms to carry out the last phase of the drilling campaign in the Mui basin exploration area to determine the commercial viability of the reserves.
According to the tender notice carried in the local dailies, the successful firm will be required to drill 20 more wells at different selected sites in the basin to ascertain among other things, the coal quality and recommend its best method of extraction.
The contracted drilling company, which will begin the work in September, will also carry out detailed geological description and analysis of the coal seams and determine the quantities of the available coal reserves. Read more
Vancouver, British Columbia CANADA, Jun 19, 2008 (Filing Services Canada via COMTEX) —- Pan African Mining Corp. (PAF – TSX Venture, P2A – FWB, PAFRF – OTCBB_Pink_Sheets), the “Company”) announces that the Arrangement Agreement dated May 9, 2008, among Asia Thai Mining Co., Ltd. (“ATM”), 0819615 B.C. Ltd. (the “Purchaser”), the Company and African Queen Mines Ltd. (“African Queen”), a newly formed subsidiary of the Company, has now been amended by execution of a formal Arrangement Agreement Amendment dated June 17, 2008 (the “Amendment”). The Amendment increases the consideration payable under the previously announced proposed Plan of Arrangement pursuant to which Purchaser will acquire on the effective date all of the outstanding common shares of the Company at the price of $4.50 cash per share (from its previous offer of $4.00 cash per share) and also offer to purchase for cash all outstanding warrants and all outstanding options (vested and not yet vested) of the Company for a price equal to the difference between $4.50 (previously $4.00) and the exercise price per share of the respective warrant or option (the “Transaction”). All other terms of the Arrangement Agreement will remain unamended, including that prior to the completion of the Transaction, the Company will transfer to African Queen the following: (i) $2,500,000 cash, (ii) Read more
China Coal & Mining Expo goes back to 1985, when its first show was held. It has since been the trade’s only national event every other year. In 2007, China Coal & Mining will have been hosted for a dozen times! It is China’s longest running tradeshow, surviving both ups and downs of the coal industry, and therefore it is considered a nation-wide calendar even fore the industry.
LARGEST SCALE: In 2005, China Coal & Mining Expo was participated by more than 300 exhibitors from 17 countries, taking up a total exhibiting area exceeding 17,000sqm, making it the largest tradeshow in its sector.
WIDEST RANGING: The extensive exhibits at the China Coal & Mining covering the latest and the most advanced technology introduced to China making it the must-visit event for coal industry. Products presented at the show range from equipment for mine exploration and construction to systems for roadway boring and support; from facilities for coal safety, coal transportation, coal processing to IT applications for the management of the coal industry. Read more