Arizona

Former Oilers owner accused of defrauding investors over Arizona gold mines

Peter Pocklington, the former owner of the Edmonton Oilers hockey team, is accused of making false claims about Arizona gold mines and defrauding investors out of millions, says a report in The Calgary Herald.

What rhymes with Grand Canyon? Yes, Uranium

The U.S. Nuclear Energy Institute and the National Mining Association (NMA) are demanding the Obama administration to revoke a ban on new uranium mining around the Grand Canyon in Arizona. And they are doing so by suing the U.S. Interior Department, as the organizations announced yesterday.

Indicator Minerals Proposes Name Change and Share Consolidation

-Indicator Minerals Inc. ("Indicator" or, the "Company") (TSX VENTURE:IME) today announced that it is proposing a name change and a consolidation of its issued and outstanding common shares. The Company is proposing to change its name from Indicator Minerals Inc. to Bluestone Resources Inc. The consolidation of Indicator's issued and outstanding common shares will be implemented on the basis of one post- consolidation share for up to twenty pre-consolidation shares.

Miners, Arizona's Petrified Forest Park square off over potash

Tucson Sentinel reports the Painted Desert of northern Arizona holds hundreds of million years of history, from fossils of dinosaur ancestors to ancient Native American dwellings, but Petrified Forest National Park and the land around it also sit on as much as 2.5 billion tons of potash.

The US Congress approved expansion in 2004, authorizing the park to purchase land from willing sellers. The park added the first 26,000 acres in September, but that purchase didn’t include the mineral rights because of a lack of funds.The old and new boundaries of the park are over approximately 50% of the Holbrook basin potash deposits and three companies – Passport Potash, American West Potash and HNZ Potash – currently are drilling test holes inside and outside the park to establish the depth and quality of the deposits.

Arizona's newest copper mine faces setback

Augusta Resource Corp. (TSE:AZC) — the company behind Arizona's latest copper mine — suffered a setback last week in its efforts to develop its Rosemont Copper Project.

Navajo Nation and Peabody Energy settle $600 million lawsuit after 12 years

The Navajo Nation's allegations that a coal mining company conspired with others to cheat the tribe out of as much as $600 million in royalties was settled in federal court on Thursday.

The tribe sued what is now Peabody Energy in 1999. The terms of the agreement are confidential. The US Supreme Court ruled against the Navajo in a similar lawsuit filed against the federal government.

Peabody has operated through a business partnership with the Navajo Nation and the Hopi Tribe for more than 40 years in Northeastern Arizona.

Bell Copper commences drilling a 3 km by 5 km copper-molybdenum porphyry target at Kabba, Arizona

Bell Copper announced that the Company has commenced drilling at its 100% owned Kabba project in north-western Arizona.

Bell believes that their efforts to date have resulted in the discovery of the top of a major Laramide porphyry copper-molybdenum system.

AusAmerican Mining advances rare earth project in Arizona

Australian-American Mining Corporation Limited has advanced its Rare Earth Elements (“REE’s”) project situated in West-Central Arizona, USA.

This project, which until now has been known as the North claim project but will now be referred to as the La Paz Rare Earth Project, is located in La Paz County in the West-Central section of the state of Arizona. It is approximately 120 miles west-north-west of Phoenix. AusAmerican have staked over 1,300 acres (527 hectares) comprising 63 unpatented blocks and a prospecting permit over one section (640 acres / 259 hectares) of State Trust Lands.

Passport Potash, Inc. intersects up to 25.75% KCL potash mineralization at relatively shallow depths

Passport Potash, Inc. (TSX VENTURE:PPI)(OTCQX:PPRTF) is pleased to report preliminary results from two core holes that have intersected significant potash deposits at relatively shallow depths in the Holbrook evaporite basin. According to chemical assay results obtained from Skyline Laboratories in Tucson, Arizona, PPI2011-04 ("Core 1") intersected 9.5 feet (1463.0-1472.5 feet) of 12.29% KCL which includes a 4.0 foot (1465.5-1469.5 feet) interval containing 18.28% KCL. PPI2011-6 ("Core 2") intersected 7.5 feet (1437.5-1445.0 feet) of 11.93% KCL within which includes a 2.5 foot (1439.0-1441.5 feet) interval containing 24.34% KCL.

Passport Potash completes initial phase drill program on Twin Buttes: set to release first drill results next week

Passport Potash Inc. (TSX VENTURE:PPI)(OTCQX:PPRTF) is pleased to announce the completion of the initial phase of drilling on the company's Twin Buttes land holdings in the Holbrook Basin. Since 2009, the company has completed 19 holes, including eight rotary holes and eleven core holes. Passport is currently drilling on its southern block of land holdings and has been permitted to drill on its east side holdings. When the current exploration program is complete the total number of holes drilled by Passport will be 34.

Mercator production for two months exceeds projected Q2 2011 production guidance

Mercator Minerals is pleased to announce that that for the first two months of Q2 2011, the Company produced 7,538,130 pounds of copper and 1,128,674 pounds of molybdenum at its wholly owned Mineral Park mine in Arizona, as compared to total Q2 2011 production guidance for the months of April to June, given on March 8, 2011 of 10,163,548 pounds of copper and 1,033,558 pounds of molybdenum, representing 74% of the guided quarterly copper production and 109% of the guided quarterly molybdenum production during a period of two months of a three month quarter, with a full month of production to come. 

Wildcat closes $13 million private placement with Silver Wheaton

Wildcat Silver Corporation (TSX-V: WS) ("Wildcat" or "the Company") announces that it has closed the $13 million private placement of 10 million common shares at a price of $1.30 per share with Silver Wheaton Corp. ("Silver Wheaton"). As part of …