Universal Coal acquires 50 pct stake in South African coking coal asset

Universal Coal (ASX: UNV) has secured the Donkin licence area, adjacent to the Somerville coking coal project in the Limpopo Province of South Africa, on a farm-in basis. Based on historical drilling data, the farm Donkin 72MS property has a Inferred JORC Resource of 42.4 million tonnes, covering the northern extent of a farm area of 1,178 hectares, with the potential for coking coal and open pit access.

Proactive Investors USA | August 31, 2011 | 2:28 am

Goldplat flags “significant” hike in operating profits

Goldplat ( LON:GDP ) put out a very encouraging update saying its two gold recovery operations have been performing strongly and that it expects to post a “significant increase’ in full year operating profits. Trading across its two gold recovery businesses in South Africa and Ghana and its Kilimapesa gold project in Kenya was stronger in the second half than in the first.

Proactive Investors USA | August 23, 2011 | 2:03 pm

Latin Resources hits copper and iron in all eight holes at Ilo Norte in Peru

Latin Resources' (LRS: ASX) strategically well positioned Ilo Norte project in Peru is developing into a copper gold play, after all eight exploratory holes drilled along a 1.25 kilometre strike intersected copper and iron (magnetite) - along with

Proactive Investors USA | August 15, 2011 | 6:23 am

Legend Mining iron hits point to large potential of Ngovayang Project in Cameroon

Legend Mining ( ASX: LEG ) has returned more wide iron intersections after completing a seven hole drilling program at the Melombo West target within the Ngovayang Project in Cameroon, indicating the large scale potential of the project. The best

Proactive Investors USA | August 15, 2011 | 6:23 am

European Nickel well funded and making solid progress

European Nickel (LON:ENK) remains well funded with cash of US$7.54 million, its latest quarterly update reveals. This compares with US$10.91 million at the start of period, though the company’s direct shipments from its Acoje project in the Philippines.

Proactive Investors USA | July 29, 2011 | 8:44 pm

EnviroGold adds exploration potential for copper gold with Novus Gold agreement in Dominican Republi

EnviroGold (ASX: EVG) has entered an agreement enabling the company to explore the highly prospective La Yagua and La Paciencia concessions in the Dominican Republic, where a previous grab sample included grades of 18% copper, 13 grams per tonne (g/t) gold and 29g/t silver.

Proactive Investors USA | July 27, 2011 | 2:47 am

Augur Resources broad hits continue with 113m at 1.52g/t gold at Wonogiri in central Java

Augur Resources ( ASX: AUK ) for the second time in a week has announced a very wide gold intersection at the Wonogiri project in central Java, which continues to support a bulk tonnage scenario.

Proactive Investors USA | July 27, 2011 | 2:44 am

Kalgoorlie Mining Company: Bullant Gold Mine to be void of water in two weeks

Kalgoorlie Mining Company ( ASX: KMC ) has been granted de-watering approval for the Bullant Gold Mine from the Department of Environment and Conservation.

Proactive Investors USA | July 22, 2011 | 3:52 am

European Goldfields shares soar on Greek environmental approval

Investors have been anticipating a positive outcome, the shares are now up over 30 percent in the past few weeks European Goldfields (LON:EGU, TSE:EGU) shares shot up over 10 percent after the group’s 95%-owned subsidiary Hellas Gold SA got environment

Proactive Investors USA | July 8, 2011 | 1:45 pm

CGA Mining triples gold exploration budget to US20m at Masbate in the Philippines

CGA Mining ( ASX: CGX , TSX: CGA ) is ramping up exploration at the Masbate Gold Project in the Philippines by allocating a US$20 million exploration budget for financial year 2012, almost triple the current years spend.

Proactive Investors USA | June 28, 2011 | 2:05 am

Kentor Gold in pre-open pending Andash gold copper project announcement

Kentor Gold (ASX: KGL) has been granted a trading halt by the ASX pending an announcement on the Andash gold copper project located in the Kyrgyz Republic, with the company's shares placed in pre-open.

Proactive Investors USA | June 28, 2011 | 2:05 am

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