Mexoro Minerals Ltd. announce that the initial metallurgical testing on sulfide-bearing gold and silver mineralization at its Cieneguita project in Chihuahua, Mexico has returned very promising results. From 4,203.1 tonnes of mineralized material, we produced 163.8 tonnes of commercial concentrate grades of 93.7 g/t Au and 1,524.9 g/t Ag for recoveries of 92.2% and 77.4% [...]
Sulliden Exploration Inc will start its gold and silver mine in Peru in 2011. About $120 million Shahuindo mine is expected to produce 200,000 ounces of gold a year. The mine, near Newmont Mining Corp.’s Yanacocha and Barrick Gold Corp.’s Alto Chicama mines in the northern Andes, has resources of 1.5 million ounces of gold [...]
NEW YORK, Dec 19 (Reuters) – Spending on exploration and production of oil and gas will drop 12 percent to $400 billion in 2009 as the sharp slide in energy prices, tight credit markets and reduced cash flow reverse six years of increased spending, analysts from Barclays Capital said on Friday.
The steepest decline will [...]
Scholarship for 2009 in the Offshore Oil and Gas Engineering
Career Opportunities in the Offshore Oil and Gas Engineering Profession”
Through the generosity of our industrial sponsors, the organizers of the Outreach for
Engineers Forum will be offering scholarships to cover registration costs, and help offset
travel and accommodation costs. The scholarships are open to students and young
engineers from [...]
The government is optimistic investors will push through with their mining projects here despite the continued softening of metals prices, the Mines and Geosciences Bureau (MGB) said.
“The outlook on metal prices remains bleak as the global economic crisis, which has beset most powerhouse nations, shows no signs of letting up any time soon,” the bureau [...]
THE Reserve Bank governor, Dr Gideon Gono says that Zimbabwe’s economy could be turned around in the next few years if the country does not continue to lose revenue from illegal dealing in the mining industry. He said that Zimbabwe is currently losing US$1.2 billion a month to illegal diamond dealing.
Dr Gono made this shocking [...]
Amazon Provides Madeira Gold Project Exploration Update
Amazon Mining Holding Plc (TSX-V symbol: “”AMZ””) (””Amazon”” or the “”Company””) is pleased to report that it has materially increased its title permit areas held at the Madeira Gold Project (””Madeira””) located in the Rondonia and Amazonas states of Brazil. The Company has received encouraging field exploration results and [...]
Geologix Discovers Additional Zone of Bonanza Grades at Liscay Project, Peru-Mobilizes Two Rigs to Initiate Drilling
VANCOUVER, BRITISH COLUMBIA- Geologix Explorations Inc. (the “Company”) (TSX VENTURE:GIX)(FRANKFURT:GF6)(BERLIN:GF6)(STUTTGART:GF6)(MUNICH:GF6) is pleased to announce two diamond drill rigs have been mobilized to the Company’s Liscay Project in Peru to commence a phase-one drilling program on multiple untested target areas. The [...]
NEW YORK (AP) – Consumers got another break at the gas pump Monday, as prices dropped further below $3 a gallon and approached year-ago levels even as the near-certainty of an OPEC production cut pushed oil prices marginally higher. Gasoline has fallen more than a dime a gallon since Friday, hitting a national average of [...]
Nido Petroleum and its Joint Venture partner Kairiki Energy have provided progress report on the Tindalo-1 exploration well located in Service Contract 54 (SC54), located in the NW Palawan Basin, offshore the Philippines.
While drilling through the Nido Formation reservoir section, oil shows were observed, (demonstrated by elevated mud log wet gas readings and strong oil [...]