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Atna Resources Ltd.
Production at Briggs Accelerating
Positive Cash Flow Expected in 2010; Construction to Start at Reward Mine; Strong Joint Venture Partners Advance Broad Project Portfolio.
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A strong and deeply layered portfolio including a producing gold mine, advanced development stage projects and exploration joint ventures in the American west is clear evidence of the success of the long-range vision of Atna Resources Ltd. That portfolio is led by Atna’s flagship producing Briggs Gold Mine in California, its advanced development-stage Reward Gold Project in Nevada, the strong Columbia gold exploration project in Montana, and the Pinson joint venture gold project with Barrick, also in Nevada.... READ MORE
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Aura Silver’s ambitious drill program in the Taviche district of Mexico is underway and the permitting process for its Greyhound Project in Nunavut is in process. Both programs should see reports of drilling during the second and third quarters of 2010. Aura Silver reported in February that its joint venture partner Intrepid Mines Limited will no longer fund its share of capital expenditures on the property. Intrepid intends to focus its capital resources on its Paulsen’s Mine in Australia, its Tujuh Buki exploration project in Indonesia and its newly acquired joint venture exploration project in Ecuador. The decision by Intrepid to reduce their participation in the joint venture with Aura Silver and Pan American Silver below 35% enables Aura Silver to achieve a 70% ownership of the property.. ... READ MORE |
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Aurizon Mines Ltd.
Aurizon’s First Quarter 2010: In Line with Expectations, Encouraged by Exploration
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 The first quarter of 2010 was in line with expectations for Aurizon Mines Ltd. and was highlighted by gold production of 35,188 ounces and cash flow from operations of $9.2 million. Aurizon is well positioned to utilize its significant operating cash flow to unlock the potential of its properties, and pursue other opportunities to increase its long-term production profile. Well on its way to becoming an intermediate gold producer, Aurizon holds multiple properties and one operating mine in northwest Quebec’s prolific Abitibi Gold Belt, one of the richest gold and base metal regions in the world . READ MORE
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BacTech Mining Corporation
BacTech Offers Investors Multiple Value: Proprietary Reclamation Technology and Asset-Rich Exploration and Mining Properties
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BacTech offers distinct investing opportunities. Shareholders in the parent company, BacTech Mining Corporation, will eventually hold stock in two separate public companies. Following the split, investors can continue to hold both stocks, or can sell one set to concentrate their investment in either direct mining or cleantech reclamation of previous mining sites. BacTech now plans to spin off its reclamation operations into a new cleantech company. That company will retain both the BacTech name (without the “mining” part) and ongoing reclamation projects. The parent company will be renamed to better reflect the gold focus , according to Orr, and retain BacTech Mining’s mineral properties as well as the company’s bioleaching technology, which it will license exclusively to the cleantech BacTech Corporation. ... READ MORE
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Endeavour Silver Corp.
Mexico-Based Endeavour Silver on Aggressive March to Become Mid-Tier Silver Producer; 2009 a Banner Year as Company Posts Record Financial and Operating Results
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Endeavour Silver Corp. is aggressively staying true to its name, producing growing amounts of silver at two operating mines in Mexico, actively acquiring and exploring land surrounding those mines, and now embarking on a serious hunt for similarly advanced silver properties in the Western Hemisphere. This fast-growing company is now one of the world’s two dozen primary silver producers by developing and operating its 100%-owned high-grade silver-gold Guanacevi Mines Project in Durango and the Guanajuato Mines Project in Guanajuato, both in Mexico’s mineral-rich prolific Sierra Madre Occidental Silver-Gold Belt.. ...READ MORE |
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Energizer Resources Inc.
Green Giant Project Could Be the World’s Largest, Low-Cost, Single Source of Vanadium;
Drill results continue to validate potential of Madagascar deposit
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Assay results from an aggressive drilling program performed by Energizer Resources Inc. (formerly Uranium Star Corp.) at its massive Green Giant Project in Madagascar are more than justifying the company’s drive to define and develop the largest, low cost, single source of vanadium in the world. “People are very familiar with the use of vanadium in traditional steel applications. We at Energizer Resources see that as only one side of vanadium’s growth story. The more exciting story is the emerging technologies for electric car batteries and big batteries that can store renewable energy,” Energizer President and COO Julie Lee Harrs said at a recent international ferroalloys conference.. . ...READ MORE |
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Inter-Citic Minerals Inc. is uniquely positioned on a potentially huge gold camp in an underexplored area of China where it has identified a significant gold resource and attracted a major Chinese mining partner that has filled the company coffers with enough money to take the flagship Dachang Gold Project to feasibility. This growing gold exploration and development company is no stranger to China where Inter-Citic has operated for nearly a decade. Prior to its acquisition of the Dachang property, the company held an 80% interest in an operating rare earths facility in China, and partnered in a project with the state-owned Minmetals International Non-ferrous Metals Trading Company..... READ MORE
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Buoyed by an independent report that conservatively projects a cumulative net production cash flow of nearly $70 million and a resource value of $189 million, International PBX Ventures Ltd. has more than proved the viability of its massive copper-molybdenum Copaquire Project in northern Chile. Copaquire’s value is not surprising, given the neighborhood in which the project resides – a highly productive copper belt in northern Chile that includes 30 similar porphyry deposits and prospects that make up the largest copper concentration in the world. Chile is mining-friendly and considered “the place to be” in South America... READ MORE
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Lucas Energy Inc.
Building a Different Kind
of Public Oil & Gas Company
Avoids Exploration Risk by
Acquiring Properties, Abandoned
and Shut-in Wells in Proven
and Producing Oil Fields
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Lucas Energy, Inc. is producing oil – and significant revenues – not by exploring for new sources of oil, but rather by extracting oil from refurbished oil wells that were previously under-performing, shut-in or plugged and abandoned due to low commodity prices in the early 1990s.
This Texas-based independent oil and gas company’s management team has created a business strategy that minimizes risk and investor capital in a business usually fraught with risk... READ MORE
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Rye Patch Gold Corp.
Rye Patch Aggressively Seeking Trend-Scale Exploration Opportunities in Mineral-Rich Nevada; Goal is to Build 10 Million Ounce Gold/Silver Resource at Multiple Properties
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Most companies would be more than satisfied with four prime gold-silver projects on one of the newest gold trends in Nevada, but Rye Patch Gold is not one of them. The company is in the midst of building a sizeable inventory of gold and silver resources and is on an aggressive hunt to add at least one additional large-scale mineral property to its portfolio by year end. The company’s close relationships with such major players as Newmont, Kinross Gold, Newmont Mining, and, yes, Barrick, bode well for Rye Patch Gold’s continuing efforts to acquire the new and promising gold/silver properties necessary to achieving its goal of building a 10 million ounce gold equivalent resource by the end of 2011... READ MORE
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San Gold Corporation.
SAN GOLD: Exploration on the Grid
Shears and pathway trends reveal Rice Lake as a system of interconnected veins
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As one of Canada’s most exciting new gold exploration companies, it is easy to forget San Gold is also a gold producer. Production has been steadily improving at the company’s 1,200 ton per day mill. San Gold expects to reach capacity in 2010 and to increase its mill capacity in 2011. This production capacity provides many benefits to San Gold and its shareholders. Mill production provides the most reliable form of bulk sampling while generating revenue to fund operations and minimize the need for new funds. San Gold’s assets are impressive. San Gold owns 12,000 hectares of mining claims along the Rice Lake Greenstone Belt of southeast Manitoba; has established multiple high-grade deposits in close proximity to the company’s mill; has an extremely successful exploration program; is fully permitted; has highly developed infrastructure; and employs skilled personnel led by an experienced team of mine builders ...READ MORE
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Tantalus Rare Earths AG
Tantalus Project in Madagascar Challenges Chinese Monopoly in High-Tech, Green Technology Metals; Historic Data Supports $1.5 Billion Minimum Value for Rare Earths Deposit
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Tantalus Rare Earths AG has targeted an extremely large competitor – China – in its effort to become a significant world supplier of rare earth elements – metals that are vital in the production of such modern high-tech devices as superconductors, specialized magnets, wind turbines, lasers, refining catalysts, cell phones, hybrid car batteries and guided missiles, to name just a few.....READ MORE
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Teryl Resources Inc.
Teryl Resources and Kinross Gold Gil JV 2010 Drilling Developing New Gold Results
Initial assay results yield up to
1.99 gpt gold, 0.0581 opt gold
over 30 foot width
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Teryl Resources Corp. is in great shape these days – is in great shape these days – a major mining company offered to buy Teryl’s interest in the Gil Gold Property in Alaska in 2009, encouraging reports of drill results from the 2009 Exploration Program, and – most recently – initial assay results on the Gil that appear to confirm gold mineralization. The Gil Joint Venture with Kinross Gold lies just a short six miles from Kinross’ Fort Knox Mine, Alaska’s largest producing gold mine. Kinross is seeking new ore to continue its production on a long term basis ....READ MORE
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United Mines Inc.
To Pay Dividends, Targets Asian Markets, Pursuing Listing on the Hong Kong Stock Exchange
Company Developing Silver, Gold and Copper Projects in Historic Arizona Mining Districts
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United Mines, Inc. is developing its 100%-owned silver, gold and copper exploration projects encompassing nearly 4,000 acres in an historically mineral-rich area of southwestern Arizona. The company currently holds six advanced-stage exploration projects, including two silver, three gold and one copper property, as well as several high-quality, early-stage silver, gold and copper exploration projects. The La Colorada twin plant facility, with gravity float & a heap leach processing systems, fully permitted by the BLM & ADEQ, will enable the company to jump-start production while developing resources through future exploration ...READ MORE
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U.S. Silver Corporation
85% Silver Production Makes
Idaho-based U.S. Silver A Virtually Pure Silver Play; Galena Mine in Idaho’s Historic Silver Valley is Second-Largest Producing Silver Mine in U.S.
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This is a company that derives over 85% of its revenue from the production of silver. Also, it is a company with no debt, no royalties that must be paid out of profits and no long-term hedging. In 2009, U.S. Silver Corporation produced 2.43 million ounces of silver, 6.45 million pounds of lead and 1.1 million pounds of copper. Those numbers, which were significantly higher than 2008 production totals, are expected to rise to 2.7 million ounces of silver, 5.9 million pounds of lead and 1.5 million pounds of copper by the end of this year. First quarter 2010 results announced in May showed a nearly $4 million increase in revenues, a positive net income and the second highest amount of silver production to date...READ MORE
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