Rye Patch Gold Claims More Mineral Rights Along the Oreana Trend
Rye Patch Gold Corp. announces it has acquired additional lands along the Oreana trend between the Wilco and Lincoln-Hill projects. The Company acquired over 10 square kilometres through staking of claims. Rye Patch now controls a total land position of 65 square kilometres containing gold and silver resources; gold-in-soil and rock-chip anomalies; high-grade gold and silver in drillholes; and numerous target areas for follow up exploration.
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Uranium Boom Echoes in Atomic Minerals’ Colorado Exploration
With energy demand predicted to increase and continued serious concern about the consequences of burning fossil fuels, experts are predicting nuclear will remain an important world energy source for the foreseeable future. Increasing nuclear energy demand prompted a uranium spot price high of $138.00/lb this summer, which then dropped back to the $80 mark and has since regained to about $92.00/lb. Many are speculating that the price could remain flat at $90/ pound. Cognizant of the profits available at prices like these – the price has tripled in about three years – uranium juniors like Atomic Minerals are returning to known uranium zones like Utah and Colorado. Read more
Milner Consolidated Silver Mines Ltd. Outlines a Mineralized Corridor at its San Lucas Project in Mexico
MILNER CONSOLIDATED SILVER MINES LTD. (Milner) (TSXV:MCA) is pleased to announce positive results from its ongoing exploration program on its San Lucas Exploration Concession. The concession encompasses an area of 1,569 hectares and is located in the Sierra Madre Occidental porphyry copper belt of Northern Mexico. The concession is owned 100% by Milner’s wholly-owned Mexican subsidiary company (Minera Milner S.A. de C.V.).
Most of the mineralization found to-date is located in a copper-gold porphyry-skarn system and is possibly fault controlled.
To-date, in excess of 20 mineral occurrences have been located on the concession. Most of these are aligned along a pronounced corridor trending in a N30 degrees E direction. The corridor has to-date been traced over a length of approximately 2 kilometers and is open both to the north and to the south.
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Stellar Resources Ltd. signs Letter of Intent for mineral exploration in Tanzania
Stellar Resources Ltd. a mineral property acquisition, exploration and development company, announced today it has signed a Non-binding Letter of Intent with Canafra Mineral Exploration Corp., for a Joint Venture to explore and utilize the mineral resource on Canafra’s Property in the Chunya Mining District, the Republic of Tanzania.
The location of the mining area for the proposed JV has supported several gold mines of importance, and has yielded good results from primarily surface gold in recent years produced largely with the use of only hand tools. Read more
Crude oil tops $145 on supply concerns
Oil and copper hit record highs Thursday but various commodity markets ended down on cautious trade ahead of a long weekend in the United States to mark the Fourth of July.
Crude oil on the New York Mercantile Exchange crossed the $145-a-barrel milestone on bets that a weak dollar, sliding U.S. oil inventories and tensions between Israel and Iran would combine soon to bring prices to $150.
In a rare show of outperformance, Brent crude in London, which traditionally stays a step behind the prices of crude oil on the Nymex, went above $146 a barrel. Read more
Bright future for mineral investors in Rukwa
DUE to its geological framework, Rukwa region is endowed with abundant mineral deposits of different kinds, include; precious metals, gemstones, industrial minerals and construction materials. Prospects for local and foreign investors in prospecting and mining are bright. Staff Writer SOSTHENES MWITA, who visited the region recently, spoke to Regional Commissioner Daniel Ole Njoolay. He also met a number of stakeholders in the mining sector.
RUKWA region has a wealth of minerals. Vast deposits of gold are found in Mpanda district and lesser deposits at Mkwamba, Chemchem, Uruwira, Sikitiko, Kapapa, Singililwa, Ibindi, Magomamoto, Maisope, Njiapanda, Mwenge, D-Reef, Katuma, Katisunga, Kanyega, Twamba, Simbwesa and Karema. Read more
