Monday, July 6, 2009

The Newfoundland project sites Annouced by EagleRidge Minerals Ltd.

Mining Exploration

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EagleRidge Minerals Ltd. (ERM) is pleased to announce that field exploration crews have been mobilized from the Manitoba sites to the Newfoundland project sites. Field exploration work was performed on the Baie Verte area. The crews are now working on the St. Julien’s exploration project. Both project areas offer great opportunity for the discovery of gold and base metals mineralization.

The company has assembled a 12 person field crew consisting of geologists, geological assistants, Newfoundland prospectors and local persons from St. Juliens and Croque. The exploration crews are being overseen by ERM’s President and COO, Carey Galeschuk, P.Geo.

The Baie Verte Project was primarily focused on reconnaissance mapping and prospecting. The St. Julien’s Project is focused on detailed geological mapping and structural studies. Previous prospecting samples from St. Julien’s have returned copper assays over 22% as well as numerous other high assays of copper.

The company is excited about the potential of its’ Newfoundland projects. Field crews are following up the prospecting efforts undertaken in the St. Julien’s area during the summer and fall of 2008. During 2008, ERM carried out extensive ground prospecting on the St. Juliens project as well as airborne geophysics.

The VTEM geophysical anomalies in the St. Julien’s area that were generated during the airborne survey will be traced in the field. As well, an independent consultant has reviewed the electromagnetic and magnetic geophysical data from the St. Julien’s area and soon will be issuing an interpretive report. Diamond drilling is planned for later in the fall of 2009 in the St. Julien’s area.

Carey Galeschuk, P.Geo, ERM President and COO, is the qualified person for these projects.
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the granting of two new exploration licences for potash to Talon Metals Corp.

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Talon Metals Corp., announce the granting of two new exploration licences for potash and to provide an update on the Sergipe Potash Project located in Sergipe State, Brazil.

In a news release dated May 25, 2009, the Company announced the acquisition of the Sergipe Potash Project and immediately commenced a detailed review of the available technical data. Subsequently, Talon submitted an application for two additional exploration licences within the potash bearing Sergipe basin, which together comprise a new prospect area, the Ilha das Flores prospect.

The Sergipe Potash Project now comprises seven onshore and two offshore prospects. Talon holds exploration licences for a total area of 21,117 hectares (52,181 acres) and has applications for exploration licences pending for a further 19,150 hectares (47,320 acres). Currently, the Sergi, Rio do Sal and Capela prospects are the most attractive onshore prospects and are the focus of Talon’s exploration program.

“The granting of two new exploration licences for potash enhances our drive to build a significant portfolio of potash projects in Brazil and the technical information we have acquired and reviewed recently from past petroleum exploration is very encouraging,” said Mr. Stuart Comline, President and CEO of Talon. “This is particularly so for the Sergi prospect as the data has confirmed the presence of several potash layers. We will complete the review of the existing data in order to guide our field based exploration program.”

There is a significant amount of technical data on the Sergipe-Alagoas sedimentary basin, generated by the oil and gas industry since 1960. To date, the Company has acquired the logs of 86 historical oil wells within the basin, some of which are strategically located within Talon’s prospect areas.

In addition, the Company is acquiring other existing exploration data, including 2-D and 3-D seismic data, additional drill logs, downhole geophysical profiles and the data from a regional gravity survey. All of this data originated from exploration programs focused on oil and gas and therefore requires reinterpretation in order to apply it to potash exploration. The Company expects to receive all the data by the middle of July 2009 and to complete the evaluation of this historical data by the end of August 2009, which will correspond to the end of Phase I of the exploration program.

Phase II is planned to commence in September 2009 and would include 2-D and 3-D seismic surveys over the most prospective targets, followed by a drilling program, which is currently scheduled to start in November 2009. Talon is in the process of submitting applications for the licences that are required to conduct the Phase II field based program.

SERGI PROSPECT

Sergi is one of the most attractive prospects and has excellent infrastructure as it is located 37 kilometres southwest of the Taquari-Vassouras potash mine (the only potash mine in Brazil and which is operated by Vale) and 18 kilometres from the town of Aracaju (the capital of Sergipe State).

There are three historical oil wells within this prospect area, which were drilled by Petrobras (a Brazilian oil & gas company) between 1969 and 1991. Oil well 1 FT 0001A SE reportedly intercepted seven discrete potash-bearing layers, composed of sylvinite or sylvinite and carnallite, with widths ranging from 2.0 metres up to 11.5 metres. The combined width of the seven layers represents 35.5 metres of potash mineralization, which were intersected at a depth of between 1,167.5 metres and 1,319 metres.

Wells 1 COL 0001 SE and 1 TC 0001 SE intercepted the evaporite sequence, which hosts the potash mineralization, but the logs only report the intersection of anhydrite and halite. Nevertheless, Talon’s reinterpretation of the downhole geophysical profiles suggests the presence of potash mineralization in both oil wells.

RIO DO SAL PROSPECT

The Rio do Sal prospect is located immediately to north of the town of Aracaju, some 20 kilometres east of the Sergi prospect.

According to the data recorded in this area, there are five wells within the property, of which Talon has accessed log data for three of them to date. Potash mineralization is reported in two oil wells. Well 1 CAU 0002 SE intersected nine potash layers with widths ranging from 1.5 to 13.0 metres, and with a cumulative width of 40.0 metres, between an intersection depth of 1,320 metres to 1,438 metres. Well 1 SC 001 SE intercepted an 18 metre-thick layer of massive carnallite, from a depth of 1,648 metres. The third well investigated by the Company reportedly intersected the evaporate sequence (Ibura Member) but did not report any potash mineralization. A reinterpretation of this data will be undertaken.

CAPELA PROSPECT

The Capela prospect has no existing oil wells within the prospect area, although two wells, located 2.5 and 3.8 kilometres away from the southern and south eastern border of the property respectively, reportedly intersected carnallite mineralization. Of significance, the prospect is within a geophysically defined basin, some 19 kilometers-long and 1.0 to 3.5 kilometres-wide, which is postulated to be the northern extension of Vale’s Miranda potash deposit.

Preliminary modelling by Talon of the evaporate sequence (Ibura Member) suggest that the Capela prospect has potential to hold potash mineralization at depths of less than 1,000 metres.

FUTURE WORK

The acquisition and reinterpretation of oil exploration data in the Sergipe-Alagoas basin will continue until the end of August 2009, with an aim of defining the most attractive targets for potash mineralisation and to delineate the basin structure, based on the reported geology in the well logs and on geophysical interpretations. Particular emphasis will be placed on identifying the more continuous and well developed potash deposits, occurring at the shallowest depths. Much of the reinterpretation is being conducted in association with experienced consultants, Stratageo SARL, and the results of this work will be reported as it becomes available.
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3 New Leases in Holbrook Potash Property in Arizona Acquired by Passport Metals Inc

 Holbrook Potash Property in Arizona

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Passport Metals Inc. announce that it has acquired 3 new leases adjacent to its property holdings in the Holbrook Basic Potash property. The 3 claims: #08-113498, 640 acres, T16N R22 E Sec 16, #08-113499, 439.79 acres, T15N R 22E Sec 4 and #08-113500, 480 acres, T16N R22E Sec 28 total 1559.79 acres. There are two leases pending approval by the State of Arizona.

In September 2008, Passport entered into a mineral option agreement with Southwest Exploration Inc., a private Arizona incorporated company, to acquire a 100-per-cent interest in 13 state leases comprising 8,413.3 acres (3,404.76 hectares). The properties, to be designated the Holbrook holdings, are located in Navajo county, covering portions of the prospective Holbrook basin. Passport now has the right to acquire a 100% interest in 16 state leases totaling 9,973.09 acres or 4,035.96 hectares.

ADVISORY BOARD APPOINTMENT

Passport Metals Inc. has appointed Clive Bailey, Certified Professional Geologist, to the Advisory Board effective immediately. Mr. Bailey is a “Qualified Person,” or “QP” as defined by the NI 43-101 standards and has a BS in geology. Mr. Bailey has more than 30 years of experience in salts, uranium and precious metals. Additionally, Mr. Bailey has extensive experience with downhole logging and geophysics and has completed more than 1,000,000 feet of drilling throughout his career. Mr. Bailey is an environmental specialist and served as a manager/advisor to a public company that controlled a portion of the Carlsbad, New Mexico potash deposit.

The company also wishes to announce that Terence Smithson is no longer on the Advisory Board and the Company wishes to thank him for his efforts.
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Friday, June 19, 2009

Unico, Inc. Chairman Reports Acquisition of Over 3.2 Million Shares of Common Stock

Unico, Inc. Chairman Reports Acquisition of Over 3.2 Million Shares of Common Stock

Unico is pursuing alternative processing methods for the extraction of silver and gold from concentrate at the Deer Trail Mine. The purpose of this initiative is to develop the most economical process and achieve the highest recovery of precious metals possible from material produced at the site.

Unico, Incorporated, a natural resource company in the precious metals mining sector, today announced that Chairman Ray C. Brown has filed statements with the Securities and Exchange Commission reporting the acquisition of over 3.2 million shares of common stock and the subsequent gifting of approximately 1.1 million of those shares.

Mr. Brown’s acquisition of shares was reported on two separate Form 4 Statements of Change in Beneficial Ownership of Securities filed on June 17, 2009. The Form 4 statements can be viewed by clicking the “SEC Filings” link on the Unico website at http://www.unicomining.com./IR/investorrelations.php.

The first Form 4 filed by Mr. Brown reported that on June 10, 2009, he acquired 1,838,235 shares of Unico common stock at a price of $0.0136 per share. On the same date, Mr. Brown gifted 735,294 shares of common stock to C. Wayne Hartle, who serves on the company’s Board of Directors and holds the position of Corporate Secretary. Mr. Hartle reported the acquisition of the shares gifted by Mr. Brown in a Form 4 statement filed on June 17, 2009. Mr. Brown also gifted 367,647 of his acquired shares to another individual.

The second Form 4 filed by Mr. Brown reported that on June 16, 2009, he acquired an additional 1,388,889 shares of Unico common stock at a price of $0.0144 per share. As a result of these acquisitions and the gifting of shares, Mr. Brown now owns 8,559,676 shares of Unico common stock.

“I am pleased to have made these recent acquisitions of Unico common stock at a time when the company is undertaking its program to pursue alternative processing methods for the extraction of silver and gold from concentrate at the Deer Trail Mine,” stated Mr. Brown. “I believe that the ongoing testing program being conducted in cooperation with Royal Mines And Minerals Corporation has the potential to increase the value that Unico will ultimately receive for the gold and silver contained in concentrate produced at the Deer Trail mill facility. I continue to support the job being done by Unico management and our staff out at the mine and look forward to additional advancements of our project at the site.”

Over the past several months, the company has shipped numerous samples of material from the Deer Trail Mine in Marysvale, Utah to Royal Mines And Minerals Corporation for testing of Royal Mines’ proprietary technology for the lixiviation of precious metals. More information on Royal Mines proprietary technology for the lixiviation of precious metals can be found at its website, www.royalmmc.com.

Unico is pursuing alternative processing methods for the extraction of silver and gold from concentrate at the Deer Trail Mine. The purpose of this initiative is to develop the most economical process and achieve the highest recovery of precious metals possible from material produced at the site.
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HudBay CEO Unveils Strategic Plan at AGM

HudBay CEO Unveils Strategic Plan at AGM

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HudBay Minerals Inc. unveiled a new strategic plan with a two-pronged growth strategy.

“HudBay will pursue a strategy defined by two broad themes,” Peter Jones, HudBay’s chief executive officer, told the company’s annual meeting of shareholders. One emphasis will be to optimize operations in HudBay’s traditional home base of Manitoba. “We will grow our principal operating platform in the Flin Flon Greenstone Belt, which will continue to be our cornerstone.”

The strategy for Manitoba includes closing the copper smelter by July 1, 2010, continuing to evaluate reopening the Chisel North mine, continuing exploration in the Flin Flon Greenstone Belt and aggressively pursuing development of the Lalor deposit.

“The strategic plan will only be fully realized by growing beyond our Manitoba base,” Mr. Jones continued. “This second avenue of growth will include the company’s Fenix nickel property in Guatemala and potential acquisition opportunities worldwide.”

Mr. Jones described several key initiatives in implementing HudBay’s plan. A decision on the next phase of development for the Lalor project is expected in 2009. Copper concentrate sales arrangements are also expected by the end of 2009, to support the closure of the copper smelter by July 1, 2010. A revised project plan for the Fenix project is expected in early 2010, and the company is continuing to pursue acquisition opportunities.

“Our plan is to build on our knowledge base, financial strength and the cash generated from our assets to grow into a dominant Canadian metals producer with the ability to acquire and develop superior assets at home and in attractive locations around the world,” Mr. Jones said.
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