Trial mining, drilling boost Hollister resources by 27%
The overall contained gold-equivalent ounces at its Hollister in Nevada’s Carlin Trend have increased by 27% from 2.3 million in June 2008 to 2.9 million, Great Basin Gold Ltd. said this morning. At a cut-off grade of 0.25 opt, the combined measured and indicated mineral resources contain 1.45 million gold-equivalent ounces grading 1.167 opt for [...]
Asarco cutting schedules at Amarillo, plans maintenance at Hayden
Asarco LLC said Wednesday that it is modifying work schedules for some employees at its Amarillo copper refinery in the coming months in response to market conditions and internal production requirements Starting next week, the refinery will implement one 32-hour workweek at the tankhouse and schedule 32-hour workweeks for the entire month of April at [...]
Denison Mines shutting down some uranium operations in U.S. West
A continued downturn in the uranium market is forcing Denison Mines Corp. to suspend operations at some of its properties in the Western United States, it said yesterday in releasing its 2008 earnings. The company reported losing $80.6 million last year. Denison has five mines operating on the Colorado Plateau: the Sunday, Pandora, West Sunday, [...]
Pebble partners to spend up to $70 million to prepare for permitting
The Pebble Ltd. Partnership board has approved a $59 million budget and work plan for 2009, with the potential for spending up to $70 million, to complete a prefeasibility study and to prepare the giant Pebble copper/gold project in Alaska for permitting in 2010, partner Northern Dynasty Minerals Ltd. reports. The other partner is Anglo [...]
Xstrata objects to Formation Capital’s plans at Idaho Cobalt Project
Formation Capital Corp. U.S. has been notified by the Forest Service that an appeal has been filed by Xstrata plc to the January Record of Decision for Formation Capital’s Idaho Cobalt Project (ICP) in Lemhi County, east-central Idaho. Xstrata made the filing through its subsidiaries Noranda Mining Inc., Noranda Exploration Inc. and the Blackbird Mining [...]
Sunshine mine won’t die; SNS Silver closes deal for operation
SNS Silver Corp. and Sunshine Precious Metals Inc. said this morning they have signed an interim lease for an SNS unit to operate the historical Sunshine silver mine and mill near Wallace, Idaho. “This is a tremendous step for SNS Silver as the move allows the company to integrate its operations at the Crescent silver [...]
Mercator Minerals ships first moly concentrates from Mineral Park
Mercator Minerals Ltd. said today it has begun shipping molybdenum concentrates from the new mill at its Mineral Park property in northwest Arizona to a roasting facility in Tucson, five hours away by truck. “Production of molybdenum and copper continue to increase as we get the circuit fined tuned,” said Mike Surratt, president and CEO. [...]
Firstgold ships first gold from new Relief Canyon mine facility
Firstgold Corp. has shipped for refining the first gold from its recently commissioned gold processing facility at Relief Canyon in Nevada, it said today. Over the last 24 months, Firstgold has spent $16 million developing a processing facility at Relief Canyon, outside Lovelock, on the site of the previously producing Pegasus gold mine. This is [...]
Golden Phoenix gives up on Ashdown moly, to focus on gold mine
Golden Phoenix Minerals Inc. is selling its interest in the Ashdown Project LLC to partner Win-Eldrich Mines Ltd., giving that firm total ownership. The deal announced yesterday gives Golden Phoenix $5.3 million and the opportunity to focus on its Mineral Ridge gold/silver mine in Esmeralda County, Nevada, “at a time when the gold market is [...]
Drilling expands North deposit at Pumpkin Hollow in Nevada
Recent drill results continue to confirm continuity and expand copper mineralization in the open pit North deposit at its 100% owned Pumpkin Hollow copper property near Yerington, Nevada Copper Corp. reported Feb. 6. Follow-up step-out drilling of previous drill hole NC08-20 (236 meters at 1.03% copper) has been “extremely successful” in extending mineralization along the [...]
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