Colorado Mining News

EPA knew cleaning up mine could trigger spill

The EPA was aware of the potential for a catastrophic release of toxic materials from an old Colorado gold mine but appears to have only had a cursory plan to deal with the threat.

Flooding shuts down nearly 2,000 oil wells in Colorado

Some worry damaged oil and gas facilities may contaminate water sources.

Colorado Goldfields acquires $234 Million gold-silver property — the Champion Mine

The Champion Mine, which is located within 6 miles of the company's Pride of the West Mill, is located in the San Juan Mountains at Silverton, Colorado.

Colorado experiencing a ‘weekend-only’ gold rush

Driven by several recent Discovery Channel shows dedicated to prospecting and steady gold prices of $1,600 and up per ounce, weekend placers —how they like calling themselves— have been recently wading into the state of Colorado's streams in numbers not seen before.

Pacific Gold Corp. corporate update

Pacific Gold announced the updates on each of its four subsidiaries: Nevada Rae Gold, Fernley Gold, Pilot Mountain Resources and Pacific Metals.

Corazon to acquire ICN Resources creating international gold exploration company

"This is a great combination which will produce many synergies on multiple fronts for both Corazon and ICN shareholders. ICN will be able to drill one or more of its Nevada projects yet this year, and in particular, follow-up on exciting 2011 drill results at the Goldfield Project."

Picking up gold mines for a song

The LA Times had a feature story on the weekend centred around venture capitalist David Badner, who is buying up defunct gold mines in Colorado in hopes of capitalizing on the high gold price.

Colorado Goldfields has obtained approval from the State of Colorado for the Silver Wing mine

The approval of this project is particularly significant because it allows for an investigation to be made to determine the source of the existing mine drainage of some 20 gal/min and evaluate the potential for controlling or eliminating this discharge with an underground grouting program which could avoid the need for a discharge permit.

Colorado Mining Association, Wyoming seek to overturn Clinton Roadless Rule ruling

The Colorado Mining Association and the state of Wyoming on Monday petitioned the full 10th Circuit Court of Appeals to rehear “en banc” an October decision upholding the Clinton administration’s 2001 Roadless Area Conservation Rule.

Varca Ventures Announces the Acquisition of Wildcat Mining Corporation

Wildcat Mining Corporation Is a Mineral and Natural Resource Exploration Company With Leased and Owned Assets in Colorado

Boulder seeks to take power from the power company

The New York Times reports Boulder, Colorado, is steeped in climate research. The city will vote on whether to oust the utility company and establish one that is more environmentally friendly. Here, the debate is focused on electricity, specifically whether this city should, in Tuesday’s election, sever its relationship with a corporate utility and move toward a home-ruled, municipally owned one that would be environmentally greener and locally accountable.

Colorado Rare Earths reports analytical results delivering high contents of heavy rare earth elements

Colorado Rare Earths announced today that initial sampling during claim staking has returned high levels of the Heavy Group Rare Earth Elements (HREE). The results, based on grab samples from the Company’s claims at Iron Hill, a.k.a. Powderhorn, and Wet Mountains locations in Colorado, were analyzed by Actlabs, www.actlabs.com, of Ontario, Canada. A United States Geological Survey report, released in December 2010, “The Principal Rare Earth Elements Deposits of the United States,” identified the Iron Hill Complex and Wet Mountains Area as the only two rare earth elements deposits located in Colorado.

Molycorp up 10 percent after congressman introduces rare earth legislation

U.S. Rep. Mike Coffman's rare earth legislation may have lit a fire under Molycorp's stock price, which rose 10.3% on Thursday trading. Coffman, Republican congressman representing Colarado, introduced legislation on Wednesday calling for a variety of measures that would better ensure that the United States has secure access to rare earth metals. Molycorp stock finished Thursday at $68.45. The stock's 52-week range is $12.10 to $68.79.