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

Leighton Holdings Limited announce a number of organizational changes aimed at simplifying the reporting structure for the Group’s operations. Read more

Noront Resources has completed a brokered placement worth $17.4 million, the Toronto-listed junior explorer announced yesterday. The deal will give Baosteel the right to increase its stake in Noront to 19.9%. It will also give Baosteel, a large steel producer owned by the Chinese government, a seat on Noront's board of directors. Proceeds from the placement will be used for feasibility studies on Noront's Eagle's Nest nickle-copper-palladium property and the Blackbird chromite deposit in the Ring of Fire poly-metallic mining district in northern Ontario, Canada.

Quadra FNX Mining (TSX:QUX) and First Quantum Minerals (TSX:FM) led a weak rally on the Toronto Stock Exchange Monday, while Canadian oilsands stocks ticked lower on news of wildfires in northern Alberta. Canadian Press reports: The Toronto stock market closed little changed Monday as investors attempting a rally following a string of losses in recent days gave in to further worries that recent strength in commodity prices is on the wane. The resource-heavy S&P/TSX composite index came down from a 142-point surge to close up 14.19 points to 13,391.35, while the TSX Venture Exchange slipped 41.95 points to 1,996.27. The Canadian dollar was lower against the greenback, down 0.59 of a cent to 102.65 cents US.

Entree Gold said a $5.3 million net loss in the first quarter of 2011 was due to increased exploration activities at its Yerington copper porphyry projects in Nevada. "We are advancing our Yerington projects to development through systematic drilling and upgrading of known deposits and by exploration of additional targets. We have been building our team and operations in Yerington and are strongly encouraged by the initial drilling results we have received. In addition, substantial exploration and development work is underway on our properties in Mongolia," Entree Gold president and CEO Greg Crowe said on Friday.

SureWave Technology Limited recently successfully demonstrated its ability to locate trapped miners underground utilizing its revolutionary micro seismic technology. Read more

Multotec has been awarded an order from SGS Australia for the supply of a spiral test rig that allows simultaneous testing of […]

Electronic safety equipment specialist Booyco Electronics has recently released two next-generation environmental sensing instruments developed specifically for the South African mining industry. Read more

Delivery of crushers to OAO Apatit marks the last stage of the crushing equipment upgrade program. During 2001-06, the company received four similar KMD-2200T5-D fine crushers and three KSD-2200T2-D intermediate crushers with 50% boosted capacity. Read more

Aurizon Mines Ltd. notched an $18 million gross profit in the first quarter of 2011, bettering Q1 of 2010 by 43%. The Toronto-listed miner chalked up $14.5 million in cash flow from operations, a 58% increase from the same period last year. The company says its results were positively impacted by rising operating profit margins, and offset by increased exploration at its exploration properties. Revenue from its Casa Berardi operation increased, from $39.8 million in the first quarter of 2010, to $47.2 million in Q1 of 2011, on higher gold prices. Image by Aurizon Mines

West Africa focused Bellzone Mining has released an initial resource estimate for its Kalia iron ore project in Guinea. The AIM-listed iron ore and nickel company announced an initial inferred JORC oxide resource of 111 million tonnes, graded at 38% Fe, which would be beneficiated using a standard gravity process to produce 58% Fe fines.

Following on the footsteps of an ambitious, $80 billion plan to invest in Quebec's north announced earlier this week, the provincial government is looking at changing its Mining Act, the Montreal Gazette writes: Bill 14, amending Quebec’s Mining Act “in keeping with the principles of sustainable development” was presented Thursday in the Quebec National Assembly.