Mining exploration news: drilling
Toronto, armistice Resources Corp is pleased to report the results of new in-fill definition drilling program completed at the new 2250 in the Project Level McGarry Gold in Virginiatown, Ontario.
Previous definition drilling program at this level to leave the gap between the 600W and 1100W. A total 31new definition fill in the [...]
(Bloomberg) - UK stocks declined by the most in almost a month, led by the decline in mining and energy companies on fears that a global recession is deep, commodity prices hurt demand.
Rio Tinto Group and BHP Billiton Ltd. lost more than 8 percent on speculation the company may have to cut the price of [...]
Campbell suspend the exploration of resources Corner Bay property due to financial conditions, weak metals market
MONTREAL (CP) - “Unfortunately, the lack of liquidity, lower copper prices and extreme difficulty in securing financing in the current market require the suspension of all activities at the Corner Bay property before to be able to carry out the [...]
Directional drilling was developed in 1929, but horizontal oil drilling became cost-effective and technically feasible only about five years ago.
Drillers extract natural gas in shale formations from West Texas all the way up into the Appalachians, but these formations cover entire counties and can be 200 or 300 feet thick. Mark Herndon’s target in the [...]
Durango, Colorado, Officials with Colorado Goldfields Inc., Denver-based mining company doing exploratory work in gold and Mughal king mining sites near Gladstone, say that drilling in the summer showed positive results.
John Ferguson, operations manager for Colorado Goldfields, said results continue to correlate “very well” with historical documents, with more than half the season completed drilling.
Last [...]
The Vietnam Oil and Gas Group (PVN) is negotiating with BP of Britain and Shell in the U.S. to import crude oil to the refinery in Dung Quat, which should begin operation in February the next year.
PVN has said it intends to import oil to meet 30% asked Dung Quat oil estimated at 3.5 million [...]
Bloomberg, The following companies have had little price trends in trade. Stock symbols are in parentheses, and share prices are as of 11:08 am in Toronto.
The Standard & Poor’s / TSX Composite Index fell 0.6 percent to 9997.74 after more than 3.3 percent earlier.
Gold mining companies fell as metal prices fell after three days of [...]
Bloomberg - Crude oil rose as traders took advantage of cheaper prices in eight months to buy oil, amid speculation of OPEC reduced production.
Oil that Libya has increased oil official called for a reduction in output, Qatar and the oil minister said the country has reduced production in line with quotas. OPEC President Chakib Khelil [...]
Virginia, Minnesota - The mining industry on the Iron Range has yet to feel the effects of the financial crisis that the slowing U.S. economy, but experts say some new projects May be affected.
Officials with Cleveland Cliffs and U.S. Steel said that there was no change in the taconite production at five plants on their [...]
LONDON, Oil prices fell Thursday the market refocused on data showing a jump in American stocks of crude, after a brief rally in response to the U.S. Senate approved a revised financial rescue.
London Brent from the North Sea crude for November delivery fell 1.24 dollars to 94.08 dollars a barrel.
New York’s main contract, light sweet [...]