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Preston Executes Lease Agreement to Bring Gold Mine Back into Production, California
May 4, 2016
Preston Corp, through its agent Western Mine Development LLC, has executed a preliminary lease agreement on a gold mine in California. The project is a placer mine and historic gold producer located in the Sierra Nevada Mountains north of Sacramento.
Sayona Mining to Acquire Glen Eagle Resources’ Authier Lithium Deposit for $4 Million, Canada
May 4, 2016
Sayona Mining Ltd’s has signed a binding agreement with Glen Eagle Resources to acquire the Authier lithium deposit in Quebec, Canada for CAD$4 million (A$4.15 million). The acquisition of Authier, which will be finalized after a 60-day due diligence period,
Murray Energy to Close Powhatan No. 6 Mine in November, Ohio
May 4, 2016
Murray Energy Corporation spokesman Gary Broadbent says The Ohio Valley Coal Company’s Powhatan No. 6 Mine will close in November. Broadbent says the mine was previously slated for closure in July, but its life has been extended by a few
Kentucky Coal Mining Jobs at Lowest Level in 118 Years
May 4, 2016
For Kentucky’s coal industry, the news gets worse each quarter. The latest from the Kentucky Energy and Environment Cabinet: • As of April 1, an estimated 6,900 people were employed at Kentucky coal mines. That’s the lowest level recorded since
Probe Metals Acquires Ivanhoe Gold Property, Ontario
May 3, 2016
Probe Metals Inc. has acquired the Ivanhoe property held by Larry Gervais and Glen Shalton and optioned by GTA Resources and Mining Inc. in April 2014. The property represents a land package of approximately 130 square kilometers and is located
Brixton Metals Acquires Past Producing Hudson Bay Silver Mine, Ontario
May 3, 2016
Brixton Metals Corporation has acquired 100 percent control over the past producing Hudson Bay silver mine in the Cobalt mining camp of Ontario. Brixton acquired the remaining interest in the Hudson Bay property through the issuance of 27,300 common shares
Tombstone Exploration Receives BLM Approval for Drilling on Its Star Copper Claims, Arizona
May 3, 2016
Tombstone Exploration Corporation has received notification from the Bureau of Land Management’s (BLM) Yuma County manager that the notice of application for exploration and drilling on its 100 percent owned mining claims in Yuma County, AZ, in the Eagletail Mining
Canadian Metals Completes PEA for Langis Siliceous Sandstone Project, Quebec
May 3, 2016
Canadian Metals Inc. has completed a positive PEA study for the Langis siliceous sandstone project. The PEA was completed by Viridis.iQ GmbH in collaboration with GeoLogic, GeoForbes and Biofilia, respectively responsible for metallurgy and mineral processing, resource estimate and environmental.
MICROMINE and Carlson Software to Deliver Cutting Edge Mining Solutions within Pitram
May 3, 2016
MICROMINE, leading provider of intuitive software solutions to the global exploration and mining industry, continues to strengthen its partnership with Carlson Software Inc. Pitram, MICROMINE’s leading fleet management and mine operations solution for underground mines will be integrated with Carlson’s
Gold Soars to Within Sight of US$1300 an Ounce
May 3, 2016
Gold leapt higher on Friday as the U.S. dollar continued to decline following the meetings of the Bank of Japan and Federal Reserve earlier in the week. Spot gold rallied 2.1 percent to US$1292 an ounce, silver climbed 1.5 percent
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