Allana Potash Corp. (TSX VENTURE:AAA) ("Allana" or the "Company") is pleased to announce that it has further extended the potential of its Dallol deposit with the completion of additional drilling and assay activity in areas beyond those included in the original resource estimate completed in 2008. This work is part of the upcoming update to Allana's National Instrument 43-101 ("NI 43-101") technical report. Drill hole DK-11-15 ("Hole 15") has intersected significant potash mineralization up to 52.40% KCl over 0.80 metres. Hole 15 intersected two strong zones of potash mineralization which appear to correlate with the Sylvinite Zone and Kainitite Zone.

Xstrata Mount Isa Mines has announced plans to sustain the future of its Mount Isa operations through expanded mining and concentrate production, while phasing out copper smelting at Mount Isa and refining operations in Townsville by the end of 2016. 

United Pipeline Systems, a division of Insituform Technologies, has been awarded an additional $10.5 million for the supply and installation of its Tite Liner® HDPE solution in pipelines at the Sino Iron Ore project in Western Australia. This contract expands the $10.9 millionproject for themine previously announced in January 2010.

Northland Resources (TSX: NAU) sees about twice as much cash flowing into its coffers once Kaunisvaara, its flagship iron-ore project in Sweden, reaches production in 2013. The projected boost in part stems from reconsideration of the price Northland's iron-ore pellets might command. "Northland has long been convinced that the market will highly value the high Fe-content (69%) and low levels of impurities (e.g. 1.1% SiO2 and 0.2% Al2O3) in its concentrate," the iron-ore junior noted in a press release.

On record cash flow La Mancha (TSX: LMA) doubled net earnings in its first quarter to C$7.5 million. La Mancha credited strong gold prices and production for the performance. In the first quarter last year La Mancha produced 21,654 ounces gold, but increased production at La Mancha's Hassai mine in Sudan and Frog's Leg mine in Australia pushed that number up by 50 percent to 32,426 ounces gold.

Hathor Exploration has released a new resource estimate that effectively doubles its uranium deposit in Saskatchewan's Athabasca Basin. The company said Tuesday it has identified over 30 million pounds of uranium oxide (inferred) at the East Zone of the property. That works out to 118,000 tonnes of U308 graded at 11.58%. According to the technical report, exploration consisted of a 21-hole drilling program, with about 368 sample intervals assayed for U308 and other metals, including arsenic, cobalt, copper, molybdenum, nickel and selenium. Image of mineralization in drill core, Far East Zone, by Hathor Exploration Limited

California-based Casablanca Mining reported first quarter results that consolidated the gains made by the exploration and intellectual property rights company in 2010. Total assets increased to $3.8m and net loss declined to $0.01/share. Construction of Sulfatos Chile Copper Sulfate plant using the company’s patented electrolysis extraction process was continued. Casablanca also said it is in negotiation to acquire further gold mining properties in Chile and has some 43-101 technical reports in progress.

Many investors are calling into question billionaire hedge-fund manager George Soros’s commitment to gold. With higher highs no longer a regular occurrence in the gold market, some see Soros’s dumping of gold ETFs as a clear sign that the party is over. But as trading in the first Asian precious metal futures contract opens on Wednesday, bearish investors may want to take a cue from the millions — maybe billions — of investors in India, China, Vietnam and across the region who are pouring money into gold and are willing to pay a premium.

Caledonia Mining increased gold production by 17% and nearly doubled its profit to $5,248,000 compared to $2,815,000 in the fourth quarter 2010. Announcing its Q1 results on Wednesday, the company also said that its average cash cost per ounce of gold produced decreased by 18% to US$648 compared to the fourth quarter 2010. As of March 31, 2011 the company had net cash and cash equivalents of $1,406,000.