TORONTO and LIMA, NORSEMONT MINING INC. today announced that the company made a new discovery to the Company for 100 one hundred controlled Constancia copper, molybdenum, silver project in south-eastern Peru. Pampacancha The anomaly was discovered approximately 2.7 kilometers southeast of the Constancia - San Jose deposit and is located in an area where the [...]
VANCOUVER, BRITISH COLUMBIA, Andean American Mining Corp. has received the final report of Knelson Gravity Solutions for recovering of high quality gold and polymetallic ore of the Invicta Project, Peru. The main purpose of the test was to determine the seriousness of recovery using Knelson continuous variable discharge (CVD) technology.
The results of the test sample [...]
Oil prices fell to eight-month low below $ 90 a barrel Monday on the assumption that the dissemination of the financial crisis will exacerbate a global economic slowdown and reduce demand for crude oil.
Significant gains by U.S. dollar against the euro also contributed to the collapse of oil prices.
By midday in Europe, light, sweet crude [...]
Gjoa models on the ground in the North Sea have been installed and are ready to start drilling in mid November.
“During September we completed the most comprehensive maritime operations this year,” said Ole J Nordahl, head of marine operations in the Gjoa project. “Four templates and a satellite have been installed on the seabed.
Offshore operations [...]
NEW YORK, Crude oil prices slipped below $ 98 a barrel Thursday the New York Mercantile Exchange, as demand for oil and gasoline seems to be declining.
The Energy Information Administration said Wednesday that oil consumption in the United States fell 7.1 percent in September, compared to 2007. The consumption of gasoline also fell, down 4.5 [...]
MIRAMICHI, New Brunswick - SLAM Exploration Ltd announced a new discovery of massive sulphide in the Bathurst mining camp near Bathurst New Brunswick. Angular blocks of massive sulphide and Stringer were found over a strike length of 2 km. These blocks are spatially associated with a series of test airborne magnetic drivers and trends that [...]
NEW YORK, Oil prices shot Friday as political grudge threw a U.S. financial bailout proposal in disarray, deepening investor fears of a long and painful economic slowdown that could further erode demand of the States United.
Light, sweet crude for November delivery fell $ 2.47 to $ 105.55 in early trading on the New York Mercantile [...]
SINGAPORE –
Oil prices rose slightly to $ 107 Wednesday in Asia, investors are waiting for details of a proposed $ 700 billion plan to buy bad mortgage debt and stabilize the U.S. financial system.
Oil traders are reviewing the plan because of its possible impact on the global economy - and demand for oil.
“There will be [...]
SAN FRANCISCO - Crude oil futures slightly lower Tuesday, after soaring over $ 16 in the previous session as traders worried that the proposed rescue plan for the U.S. financial sector in May not enough to avoid an economic recession.
Natural gas was the only gain among energy futures, moving higher than the heating season winter [...]
RIMOUSKI, QUEBEC- Petrolia Inc. (TSX VENTURE: PEA) - In order to select the best drilling sites, Petrolia has successfully completed a large geochemical and geo-microbial survey on the island of Anticosti. The Company has applied this technique geochemical not in order to establish priorities among a number of structures that have already been detected by [...]