Virginia Mining Company To Start Drilling Gold Mine In James Bay, Quebec
Virginia Mining Corp. is a mining company that has spread outside the drilling area in the Quebec region.
In near future Virginia Mining immediately begin drilling a gold mine in James Bay, Quebec. This mining company will drill six holes in a gold mine with an estimated drilling time for six months, the total area of 16,500 meters of drilling.
Gold mine drlling will be held at the company’s 100% owned Poste Lemoyne Extension, La Grande Sud, Lac Pau and Anatacau-Wabamisk project. Through partnership with Odyssey Resources, Virginia also plans to start drilling in the FCI Auclair and gold projects.
The Poste Lemoyne Extension property is host to the Orfee zone containing a resource of 88,588 tonnes grading 9.44 grams per tonne gold in the measured category and 114,895 tonnes grading 18.4 grams per tonne gold in the inferred category.
Drilling program will test several new gold performances found on the surface during the summer of 2008 and 2009 field programs. Drilling will include a minimum of 20 drill holes totaling more than 2,500 meters. The new Genesis gold values up to 52 g / t Au in taking samples and up to 20.98 g / t Au over 2 meters in the sample channel and spread across more than 37 kilometers along a corridor that contains gold.
In Virginia’s La Grande Sud project, the company has started eight hole program aimed at total of 2150 meters. La Grande Sud property is host to the 32 Zone gold-copper mineralization is reported at 4.2 million tonnes of 2.1 grams per tonne gold and 0.2% copper in the spring of 1999. Read more
Test Mining at the 4755 Level of the Silvana Mine to Provide Mill Feed – Klondike Silver Corp.
Klondike Silver Corp. is pleased to announce that a program of underground rehabilitation and subsequent test-mining is under way on the 4755 Level of the Silvana Mine in the historic Sandon Silver Camp of south-central British Columbia.
The Company is the largest landholder in the Slocan Camp, which has produced more than 24 million ounces of silver plus by-product base metals since the late 1800s. The land package includes ten historic mines and a fully permitted 100-tonne-per-day mill.
At the Silvana Mine, Company personnel have identified several small but potentially economically mineable areas beyond the limits of productive former stopes developed in the early 1970s. These areas lie roughly 100 feet (30 metres) or more in elevation above the main 4625 Level adit access. Detailed re-examination of historic records, including assays from diamond drill holes and chip/channel samples, show the possibility of mineralized areas amenable to small-scale mining using best-practice grade control to achieve desired economic returns. Read more
Benton Resources Corp. Provides Exploration Update
Benton Resources Corp is pleased to release to following updates on the Company’s projects.
Benton and Golden Harp Resources Inc. have started the first phase of exploration on the Block A option ground located 30 km west of Gowganda, Ontario. A seven hole, 1625 meter drill program has recently been completed to verify historical gold mineralization as well as test the down dip and southeast strike extension of the Cook Zone. The Cook Zone, first discovered in the 1930’s, is hosted within silicified and carbonate altered mafic and ultramafic volcanic rocks that have been intruded by altered felsic porphyry dykes. The zone has been subject to several past diamond drilling campaigns that have intersected significant gold mineralization from several sub-parallel zones. Some of the better down hole drill intersections include 54.2 gpt Au (gram per tonne gold) over 4.0m (metres) in hole B-04 and 5.71 gpt Au over 4.6m in hole B-06 drilled in 1952 by Bessey Mining Syndicate; 5.4 gpt Au over 7.6m (hole T-14) drilled in 1953 by Tenendo Mining; 10.6 gpt Au over 3.1m (hole ORC-01) drilled by Orcana in the 1980’s; and 2.7 gpt Au over 13m (KC-12) drilled by KRL Resources in 1995. In addition to the diamond drill program, a 41 km grid has been established and ground geophysics, mapping, soil sampling and prospecting are planned. The new grid extends southeast from the Cook Zone through to the MC Zone discovered by Golden Harp in 2008. The MC Zone, located 1.3 km east southeast of the Cook Zone, is hosted in a thick package of pyritic, green carbonate, albite and hematite altered ultramafic and mafic volcanic rocks. To date five holes have tested the MC Zone over a strike length of 220m. Read more
Talon Metals Acquires Potash Exploration Projects in Brazil
Talon Metals Corp., (”Talon” or the “Company”) (TSX: TLO) today announces that it has concluded an agreement with Kmine Holdings Ltd. (”Kmine”), a private company, to acquire a 100% interest in Bancor Mineracao Ltda. (”Bancor”), a Brazilian
subsidiary of Kmine. Bancor has eight potash project areas in the Sergipe and Alagoas States of Brazil comprising a total of 36,402 hectares (89,951 acres) for which it holds exploration licenses for potash or has applied for exploration licenses.
Separately, Talon was recently awarded the exploration rights to the Juruena Gold Project in Mato Grosso State, Brazil from the Departamento Nacional de Produção Mineral (”DNPM”). Read more
Caddo International Inks Deal Officially Acquiring 60 Oil Wells
Caddo International, Inc. announces full ownership, rights, and assets to 60 new Oil wells. Caddo International has officially taken over 60 Oil well properties from Black Dragon Resources. Caddo’s Management moved fast and swiftly to get this acquisition consummated for its shareholders, rapid expansion and future growth.
The President of Black Dragon Resources announced today that the Company has agreed to cancel all of the preferred stock given to Caddo International Inc. for specific oil properties that the Company has not had the time to get to because of previous commitments. This includes 60 Oil well properties. The reason for this move is to help clean up the capital structure of Black Dragon Resources. The company looks to spend their resources on drilling new wells and maintaining what they can handle on the existing producing wells. Read more
California by allowing the first new oil drilling project
Gov. Arnold Schwarzenegger is pushing legislation that he believes would raise $1.8 billion for cash-strapped California by allowing the first new oil drilling project off the state’s coast in 40 years.
The governor’s proposal would revive a project for the Santa Barbara coast that was rejected by the State Lands Commission in January. This latest fundraising suggestion comes on the heels of other money-making ideas that included selling state-owned properties such as San Quentin State Prison and the Los Angeles Memorial Coliseum.
The governor’s legislation would give the Department of Finance – whose representative on the commission was the lone vote in support of the drilling project – authority to reconsider the proposal. Read more
