Archive for June, 2007

PAIM Gold Team Update: XYZ Gold Project to Start Mobilization in a Few Days; Aroroy Gold Project Increases Stock Piling of Gold Ores, Design of Gango Gold Mill Plant Started

Four Visiting Shareholders/Guests from the USA Are Headed for PAIM’s Various Gold Mine Sites, and Also Attend Opening of the Primary School for the Higaonon Tribe.
Pearl Asian Mining Industries, Inc. (OTC:PAIM - News; OTC:PAIMP - News) announces the latest activities of Pearl Asian Mining’s Gold Team on gold-rich areas of Masbate Island, as Pearl Asian [...]

Capstone Reports Q3 Results: Operating Profit of $7.8 Million, $0.09 Per Share

Capstone Mining Corp. (”Capstone”) (Toronto:CS.TO - News) announces its financial results for the 3rd quarter ending May 31 2007, including production and sales for the Cozamin Mine located in Zacatecas, Mexico.
THIRD QUARTER HIGHLIGHTS
- Operating profit of $7.8 million, or $0.09 per share.
- Mine operating cash flow of $8.9 million, or $0.11 per share.
- Net income [...]

Royal Gold Announces Substantial Increases in Reserves At Penasquito Royalty Property

ROYAL GOLD, INC. (Nasdaq: RGLD - News; TSX: RGL - News), the world’s leading precious metals company, today announced that ongoing exploration and development drilling by Goldcorp Inc. (”Goldcorp”) at the Penasquito project in Zacatecas, Mexico has allowed Goldcorp to update its reserve estimate of 13 million contained ounces of gold and 864 million contained [...]

Royal Gold Announces Substantial Increases in Reserves At Penasquito Royalty Property

POWERTECH URANIUM CORP. (”Powertech” or the “Company”) (CDNX:PWE.V - News)(Frankfurt:P8A.F - News) is pleased to announce that, through its wholly owned subsidiary, Powertech (USA) Inc., it has received authorization from the Colorado Department of Natural Resources’ Division of Reclamation Mining and Safety (DRMS) to proceed with drilling monitoring wells for its Centennial Project in northeastern [...]

Madison Minerals Inc.: Drill Contract Signed for Lewis Property

Madison Minerals Inc. (TSX VENTURE:MMR - News; OTCBB:MMRSF - News) is pleased to announce the signing of a drill contract with Major Drilling Ltd to undertake the core drilling component of the US$2.5 million 2007 exploration program planned for its Lewis Property in Nevada. The Lewis Property, located immediately adjacent to Newmont Mining’s operating 8-million [...]

Bear Creek announces positive step-out drill results; Growth continues at Corani silver-base metal deposits

Bear Creek Mining (TSX Venture: BCM - News; “Bear Creek” or the “Company”) is pleased to announce results from an additional 29 holes (5,725 meters) completed at the Corani silver-base metals project in Peru. This brings the total drilling completed on this world-class deposit to 484 holes (81,678 meters). Highlights of this press release include:
[...]

Rubicon Appoints Vice President-Exploration

Rubicon Minerals Corporation (RMX.TSX - RBY.AMEX) is pleased to announce that it has appointed Matthew C. Wunder to the position of Vice President-Exploration. Mr. Wunder is a P.Geo. with over 20 years of experience with both major and junior mining companies managing and evaluating key projects and new business opportunities throughout Canada, U.S.A., Mexico and [...]

New Jersey Mining Company Finds High-Grade in Coleman Vein

New Jersey Mining Company (OTC BB:NJMC.OB - News) is pleased to announce it has found high-grade gold and silver mineralization within the footwall of the Coleman vein during its recent exploration drifting program at the New Jersey mine. Gold assays of the pyrite-rich mineralization range from 54.9 grams per tonne (gpt) to 73.5 gpt and [...]