Articles Tagged "drilling"

Houston Lake Mining Completes Phase II Drilling on the Dubenski

Houston Lake Mining Inc., an advanced exploration company seeking gold, platinum group and rare metal deposits in Ontario, is pleased to announce that the Phase II 22 hole, 2,232m (7,321 ft.) diamond drill program has been completed in the vicinity of the Shaft Zone. For full story, click here

Eastmain: MegaTEM Project Drilling Underway

Eastmain Resources Inc. announces that drilling to test a priority airborne geophysical target is underway at its MEGATEM JV, a joint venture with Xstrata Copper Canada (“Xstrata”), located in the Normetal-Detour areas of the Abitibi Greenstone Belt in Ontario and Quebec. For full story, click here

Economic woes hit platinum

Platinum is following the recent base metal trend, a round of selling, as fears about the health of the US economy were reignited by the Lehman Bankruptcy. Oil, base metals such as copper, European equities, and U.S. stock futures all slipped sharply on the news.

Drilling at Jubilee’s Tjate advancing at a rapid pace

Jubilee CEO and Tjate project manager Colin Bird was quoted as saying: The newly identified thicker areas, if they continue, could have a significant impact on the project economics. The accelerated drilling is rapidly advancing the project towards a definitive resource estimate. Click here for full story