Preliminary Data Indicates Presence of Gold, Diamonds, and Bauxite in Equatorial Guinea
Sillenger Exploration Corp. an innovative and progressive mineral exploration and claims management company with experience in mining and Business Process Management in Africa, the historical geological and geophysical data for the Rio Muni region of Equatorial Guinea.
Preliminary assessment of the data shows a number of different sites in Rio Muni, which indicate the presence of minerals, especially gold, iron ore, diamonds, bauxite and colombo-tantalum. With the exception of some small-scale placer gold mining, the country has currently no commercial mining. The data were provided by the Ministry of Mines, Industry and Energy in advance of the airborne geophysical survey, which is expected to begin in July.
The upcoming research will contribute to the potential locations of visible deposits, and provide a more detailed reading of the underground structures.
As previously announced, Sillenger, through its relationship with African FCMI Global Inc and its affiliates, has a contract with the Government of Equatorial Guinea to an airborne geophysical survey of the Rio Muni region (27,000 square kilometers) of the conduct Equatorial Guinea, and 30 km from Continental Platform (4,500 square kilometers) from the Atlantic coast. Under the contract Sillenger (FCMI) will be granted exploration mining concessions, including oil and gas concessions, which are revealed by the survey. Read more
Announces Change of name for AM Gold Inc. and Changes to Board of Directors
Acero-Martin Exploration Inc. is pleased to announce that new new published May 20, 2010, the Company changed its name to AM Gold Inc. Effective June 8, 2010. There is no consolidation of capital. From the opening June 8, 2010, Acero-Martin Exploration Inc. will commence trading on the TSX Venture Exchange under the name of AM Gold Inc.
Issued Capital: 37,561,732 shares common.; Of Commitment: none; transfer agent: Computershare Trust Company of Canada
Symbol: AMG (unchanged) CUSIP No.: 001705102 (new); ISIN No.: 0017051024 (new)
The Company also wishes to announce that Mr. Gerald Aberle M has been appointed to the Board of Directors of the Company to replace Winston Wong.
Mr. Aberle graduated in 1980 from South Dakota School of Mines and Technology with a Bachelor of Science in Mining Engineering and has over 30 years experience in the minerals industry, including 22 years with Homestake Mining Company in the Homestake gold mine in Lead, South Dakota. Mr. Aberle deep mines includes engineering, operations management and project management experience. Read more
Aura Minerals Releases New and Historical Drill Results
Aura Minerals Inc. is pleased to release nineteen further drill hole results and six historical drill hole results, from newly available historic drilling data, at its wholly owned copper-gold-silver Aranzazu Project in Zacatecas State, Mexico.
The most recent Aura Minerals drilling was designed to target zones along strike from the Arroyos Azules zone, which is the first area scheduled for mining as part of the planned restart of operations later this year. The drilling continues to show the high-grade potential of the Aranzazu Project ore body. Read more
Carpathian Receives a Positive Preliminary Economic Assessment for its Rovina Valley Gold-Copper Project, Romania
Carpathian Gold Inc. is pleased to announce the results of the NI 43-101 compliant Preliminary Economic Assessment Study (”PEA” or the “Study”) on its 100% owned Rovina Valley Gold-Copper Project (”RVP” or the “Project”) located in the Golden Quadrilateral mining district of west-central Romania. The PEA was compiled by a consortium of engineering companies led by PEG Mining Consultants Inc. (”PEG”) of Ontario, Canada. The Project includes three proximal gold-copper porphyries discovered and delineated by Carpathian and named from north to south, Rovina, Colnic, and Ciresata. All three porphyries occur along a north-northeast trend over a distance of 7.5 km. Since 2006 Carpathian has completed 71,375 metres of diamond drilling culminating in the discovery of the third porphyry, the ‘blind’ Ciresata deposit in 2008. The Ciresata deposit has the highest gold grade of the three porphyries and is presently open at depth and laterally. The PEA is based on the NI 43-101 compliant resource estimate released on November 17th, 2008, which defined a total of 193.1 Mt at 0.49 g/t Au and 0.18% Cu for 3.07 million ounces Au and 759.1 M lbs Cu (5.09 Moz Gold Equivalent (”Au-eq”*)) in the measured + indicated resource categories and 177.7 Mt at 0.68 g/t Au and 0.17% Cu for 3.89 million ounces Au and 663.1 M lbs Cu (5.66 Moz Au-eq*) in the inferred resource category. Read more
Mining lithium from geothermal ‘lemonade’ by Elsa Wenzel
If Simbol Mining’s plans work out, within a decade it will deliver one-fourth of the world’s increasing demand for lithium, used in batteries of hybrid and electric cars without creating waste or pollution.
The start-up eventually aims to mine more than 100,000 tons of lithium carbonate each year from geothermal sources. That’s more than the current annual market for the compound; the company expects demands for it to quintuple by 2013.
Current mining methods won’t provide enough for the future need for lithium-ion batteries, according to Meridian Read more
NI 43-101 Technical Report on Its 100% Owned El Toro Polymetallic Project
Lions Gate Energy Inc. announced today that it has completed a National Instrument 43-101 technical report for the Company’s El Toro Polymetallic Project in Telkwa, British Columbia. The report has been prepared by company’s independent geologist Jean Pautler, P.Geo. The 2008 program involved mapping, prospecting, rock and soil geochemical sampling, GPS surveying of previous diamond drill hole collars and underground and surface workings, an evaluation of the property, followed by a 1495 line km airborne magnetic and electromagnetic geophysical survey. Read more
