The mining industry in Nevada is becoming a catalyst for an employment revival.
MAX Resource Corp. (TSX.V: MXR; OTCBB: MXROF; Frankfurt: M1D) has entered into a Mineral Lease with New Nevada Resources, LLC ("NNR") for 560 acres of mineral rights ("Section 33) immediately adjacent of its Majuba Hill copper/silver/gold project in Nevada where soil sampling in 2011 identified a high grade soil anomaly covering a 1.5 km by 2 km area that returned values as high as 1.53% Cu and 209 g/t Ag in soils.
A trio of geologists that led Fronteer Gold to glory, add substance to their contention the Kinsley Mountain project bears likeness to their former baby, Long Canyon, now held by Newmont.
Stock in both US Gold Corp and Minera Andes charged ahead more than 7% in morning trade on Friday after announcing that their respective shareholders voted in favour of a proposed business combination. The new entity, with projects in the US, Mexico and Argentina will be named McEwen Mining and headed by industry veteran Rob McEwen.
It was déjà vu all over again as witnesses complained to a newly appointed Nevada mining oversight panel about mining pollution, mining taxation, mining safety, and mining environmental impacts.
Klondex Mines Ltd. (TSX: KDX) ("Klondex Mines" or the "Company") announced today that it has entered into an agreement with a syndicate of underwriters lead by GMP Securities L.P. and including Mackie Research Capital Corporation, Jones, Gable & Company Ltd. and Fraser Mackenzie Limited (the "Underwriters"), pursuant to which the Underwriters have agreed to purchase 8,400,000 units (the "Units") of the Company, at a price of C$2.50 per Unit (the "Offering Price") for aggregate gross proceeds to Klondex Mines of C$21,000,000.00 (the "Offering").
Huffington Post reports federal safety investigators say two Nevadans were killed in a mining accident partly because someone wedged a broom handle against a reset button to bypass an alarm that would have shut down the system.
Intierra Resource Intelligence yesterday forecast that if individual site production continues in line with first-half 2011 results, only one of the world's top ten gold mines will surpass the production levels it achieved in 2010. The Cortez mine in Nevada is the only site heading for an improved 2011. Cortez has a growth rate of 37% and returned a large second quarter production figure of 419,000 oz.
Pacific Gold Corp. ("PCFG") today announced that its Board of Directors has approved a share repurchase program, effective immediately.
Under the program, PCFG is authorized to repurchase up to 5 million of its issued and outstanding common shares in the open market or in negotiated transactions, from time to time, depending on market conditions and other factors as well as subject to relevant rules under Untied States securities regulations.
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Sept. 22, 2011) – Dynasty Gold Corp. (TSX VENTURE:DYG)(FRANKFURT:D5G) ("Dynasty" or the "Company") is pleased to report that DeLong Construction, Inc. has been engaged to perform phase one drilling of up to 1230 meters at the Golden Repeat Property. A drill rig was mobilized to the Golden Repeat Property in anticipation of final drill permit approval by Bureau of Land Management in Nevada ("BLM").
Pilot's drilling to date confirms both lateral and down-dip continuity of gold mineralization at Regent Hill, as well as gold and silver mineralization in new targets an additional 750 metres to the northeast.
North Springs Resources Corp. (OTCBB:NSRS) ("The Company", "North Springs") is pleased to announce that it has recently acquired the mineral rights to the North Springs Gold Property, which is located in the prestigious Mineral Ridge Mining District, Esmeralda County, Nevada USA. The decision to acquire this property was a strategic decision by the Management of North Springs Resources to create a corporate identity and direction.
Bullion Monarch Mining, Inc. (OTCQB: BULM) announced on Monday, as evidenced in their recently filed 10-K report, net income of $0.05 per share for their Fiscal Year ended April 30, 2011 period. This compares to $0.02 per share for the previous fiscal year.
Going deep, International Minerals shows mineralization at the 4-million-ounce-gold Converse project continues at depth beyond previous drilling. VANCOUVER, BC – With a tentative couple drillholes, silver-gold producer International Minerals (TSX: IMZ)
Jan Alston, President of CMX Gold & Silver Corp. ("CMX" or the "Company") announces that the Company will undertake a brokered private placement of 20,000,000 subscription receipts (the "Subscription Receipts") for gross proceeds of up to CAD$4,000,000 (the "Offering"). Union …
Viking Minerals commenced the review of pre-drilling and geological mapping of its South Dolly Varden gold / copper claims in Elko County, Nevada.
This mapping is to facilitate a resolution of the zones of mineralization outlined by the surface geochem and rock samples and the 3,000 foot delineated coincident Induced Polarization (IP) anomaly with the intersection of the diamond drill core holes.
Former Arizona congressman Richard Renzi must face public corruption charges over allegations that he coerced a mining company into buying land from one of his former business partners, a U.S. appeals court ruled on Thursday.
Renzi was elected to the U.S. House of Representatives in 2002.
Though Nevada’s world-famous gold fields have historically yielded over 150 million gold ounces, they are still proving to be geologically fertile hunting grounds for exploration-minded junior mining companies.
Evolving Gold reported that wedge hole CAR-010.1 intersected 21.5 meters at 6.56 gpt (grams per tonne) gold (70.5 feet at 0.192 opt (oz per ton) gold) including 14.7 meters at 8.76 gpt gold (48.2 feet at 0.256 opt gold) at its Carlin project in Nevada.
This wedge hole was drilled from diamond drill hole CAR-010 which intersected 10.1 meters at 11.09 gpt gold (news release, April 14, 2011). The intersection in CAR-010.1 lies approximately 10 meters east of the intersection reported in CAR-010.
In the last-minute flurry as the Nevada Legislature rushes toward adjournment Tuesday, state lawmakers backpedalled on a tax deduction deal with the mining industry.
Earlier Sunday evening, mining lobbyists had thought they had preserved major net proceeds of minerals deductions for sales tax and employee health care costs.
Entrée Gold Inc. (TSX:ETG) has received assay results from three additional deep diamond drill holes on the Ann Mason deposit in the Yerington district of Nevada. Each hole returned long intercepts (584 m to 718 m) averaging 0.38% to 0.42% copper equivalent ("CuEq"). Higher grade intervals were also encountered. Hole locations and cross sections can be viewed at www.entreegold.com.
Thunder Mountain entered into an agreement with Newmont to advance the company’s Trout Creek project in Nevada. The agreement allows Thunder Mountain to conduct exploration activities on Newmont’s land around the company’s Trout Creek claims.
Denver-based Midway Gold is eyeing an additional underground resource at its Midway project in Nye County, Nevada.
The company said on Friday that an NI 43101- compliant technical report updates a 2005 resource estimate that envisioned an open-pit mine. That estimate, prepared by Mine Development Associates, calculated an inferred low-grade resource of 5.5 million short tons containing 215,500 ounces of gold, with an average grade of 0.039 oz/ton.
Newmont Mining is nearing completion of 100% ownership of what it believes will be Nevada's latest major gold trend-Long Canyon.
Aurion Resources Ltd. (TSX-V:AU) has acquired two new gold properties in Nevada, both of which are prospective for Carlin-type gold deposits, the Newfoundland-based precious metals explorer announced on Monday.
Western Lithium USA Corporation (WLC) and Western Uranium Corporation (WUC) said Friday that they have completed the previously announced transaction for the sale, by WUC to WLC, of the royalties and titles constituting substantially all of the Kings Valley mineral …
Orezone Gold Corporation (ORE:TSX) is pleased to announce that it has completed the sale of its Sega Gold Project ("Sega") in Burkina Faso to Cluff Gold plc (Cluff) for total consideration of approximately US$26.5M.